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<< February 2017
 
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23 February 2017
5:49:08 PM

YTL Corp Records Half-Year Revenue of RM7.1 Billion (US$1.6 Billion) & Profit of RM572 Million (US$129 Million) - Kuala Lumpur

YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, "The Group performed on pace for the first half of the 2017 financial year, as we continue to manage more difficult conditions in our key industries. The utilities division saw a decline in revenue and profit mainly due to the absence of revenue from the contracted power generation segment following the completion of our power purchase agreement in September 2015 and lower fuel oil prices in the multi-utilities division in Singapore, with the strengthening of Malaysian Ringgit against the British Pound affecting the results of the water and sewerage segment.

"Revenue and profit in the cement division decreased primarily as a result of competitive pricing and lower sales volumes, whilst in the construction division, the marginal decrease in revenue arose mainly from lower revenue recognition of construction contracts whilst the higher profit was due to better contract margins.

"In our property investment and development segment, higher revenue was mainly attributable to better site progress on The Fennel project, and ongoing contributions from the Dahlia and U-Thant Place projects, whilst profit was impacted by a fair value loss on an investment property, partially offset by unrealised foreign exchange gains on intercompany loans and a Japanese Yen denominated term loan recorded by Starhill Global REIT in Singapore. Meanwhile, our hotels segment recorded increases in revenue and profit owing mainly to better performance of The Majestic Hotel Kuala Lumpur and Niseko Village in Japan."... ›› more

   

20 February 2017
2:27:34 PM

YTL's Hotel Stripes Celebrates Grand Opening With Street Party For The Neighbourhood
YTL Hotels launches second Autograph Collection Hotel in Malaysia
- Kuala Lumpur

Tan Sri Francis Yeoh in his speech said, "We are very proud to continuously create significant global milestones in our expanding hotels portfolio which currently features 30 properties across three major continents - Europe, Australia and Asia. YTL Hotels is the proud owner of the largest collection of Marriott International properties in Asia-Pacific and we are looking forward to grow further with the world’s largest hotel company."

Speaking at the launch, Mr Menon, COO of Asia-Pacific, Marriott International lauded the YTL Family's trust in Marriott International and their unwavering support for the brand.

"Their support has resulted in a strong partnership between us, with a growing portfolio of beautiful and award-winning properties in Malaysia and beyond. Hotel Stripes Kuala Lumpur is a truly exceptional hotel with luxury service and amenities, unique design which reflects the history and character of the neighbourhood and carefully crafted experiences curated based on its locale – perfect for the global traveller seeking a conceptually innovative and unforgettable travel experience," stated Menon.... ›› more

   

17 February 2017
6:49:13 PM

First Washoku Experience in M'sia at Lot 10's The Table - Kuala Lumpur

Lot 10's Isetan The Japan Store launched their premium dining floor in grand fashion. Known as The Table, it is dining experience like no other.... ›› more

   

13 February 2017
10:19:10 AM

This Ritz-Carlton KL Manager Shares What It Was Like To Host Obama - Forbes

Former U.S. President Barack Obama travelled a lot during his two terms in office. Twice, he found himself in Malaysia and on both occasions, he stayed at one hotel – The Ritz-Carlton, Kuala Lumpur. The 19-year-old establishment was the country's first truly luxury boutique hotel and recently underwent renovations to keep up with the hotel industry's changing tastes and style.... ›› more

   

6 February 2017
11:44:25 AM

Lot 10 new look to attract young consumers - The Star

Lot 10 shopping centre, the iconic green landmark in Bukit Bintang, is halfway through its ongoing facelift and is on track to be a catalyst for the retail and entertainment district once again.... ›› more

   
 

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