Tan Sri Dato' (Dr) Francis Yeoh, Chairman of YTL Starhill Global, said: "Bukit Bintang presents longterm prospects. Incoming large-scale integrated developments, improved rail connectivity and Government initiatives to boost tourism in Malaysia are set to further enhance the area as the prime retail and hospitality precinct in Kuala Lumpur. The asset enhancement will allow Starhill Gallery to capitalise on the renewed vibrancy of Bukit Bintang, ensuring that the mall stays at the forefront of the changing retail landscape at the prime shopping stretch of Kuala Lumpur. The integrated concept of hotel with retail element is also in line with the recent global trend of integrated developments."

Mr Ho Sing, Chief Executive Officer of YTL Starhill Global, said: "The long-term structure of the new master tenancy agreements allows SGREIT to ride short-term risks and tap on the long-term prospects of Bukit Bintang. With built-in rent step-ups, the new master tenancy agreements ensure stable income with rent growth and quality cashflows for SGREIT, as well as provide sustainable occupancy for the Malaysia Properties."... ›› more

It is never easy to grow a brand from scratch, let alone expand its global footprint without sacrificing a whit of its intrinsic DNA. Diana Khoo speaks to Datuk Mark Yeoh Seok Kah, executive director of YTL Hotels, to find out more about the Malaysian-born group's increasing global reach, particularly with the new Monkey Island Estate in Berkshire, England, as well as obtain a quick summary of his three decades – and counting – with the family corporation's hospitality arm.... ›› more

YTL Corp Executive Chairman Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group’s revenue of RM8.6 billion and profit of RM422 million for the first half of the 2019 financial year remained satisfactory in view of ongoing pressures in some of our key markets. In our utilities segment, higher fuel oil prices resulted in an increase in revenue, although profit before tax was impacted by lower vesting contract levels and lower retail and tank leasing margins, coupled with an allowance for an impairment of receivables following a court decision on outstanding litigation recorded in the merchant multi-utilities business division.

“The Group’s construction segment achieved higher revenue and profit before tax mainly due to the increase in construction works, anchored by the Group’s Gemas-Johor Baru rail project. Our cement division, meanwhile, saw a decrease in revenue and profit before tax due to the lower sales volumes.

“The hotels segment registered higher revenue and profit before tax resulting from the consolidation of The Hague Marriott in The Netherlands and better performance of Star Hill Hotel Sdn Bhd, whilst the property investment and development segment saw lower revenue and profit due to the absence of the one-off gain recorded for the same period last year from the land disposal to Pentadbir Tanah Kuala Lumpur for the Mass Rapid Transit project.”... ›› more

Construction is underway on the electrical facilities for the Beijing-Zhangjiakou high-speed railway, which will have the world’s first automatically driven trains running at speeds of up to 350kph.... ›› more

IT is common for hotel guests to take toiletries home after their stay but some have taken a step further by taking TVs and even an entire bed as souvenirs.... ›› more

Malaysians do not need any better reason to study English. It connects one with another, here and elsewhere like only a global language can.... ›› more