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 Starhill REIT Completes Sale of Starhill Gallery & Lot 10 Property
melisa@ytlesolutions.com - 28 June 2010 5:33:32 PM
Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, Chief Executive Officer of Pintar Projek Sdn Bhd, which is the Manager of Starhill REIT, said, “With the sale of Starhill Gallery and the Lot 10 Property now complete, Starhill REIT can focus on the development of its portfolio of hotel and hospitality-related assets. This next phase centres on the injection of new hotel assets into the Trust to complement its 2 existing hotel assets, which we expect to complete within a 6-month timeframe in order to normalize the REIT’s earnings as soon as possible. We fully believe this rationalisation exercise will enhance Starhill REIT’s yield levels and long-term growth opportunities by enlarging the pool of potential assets for acquisition and the geographic diversity of the REIT’s operations from Malaysia to renowned international destinations”. [more...] |
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 Spanish sparkle in YTL's Starhill
rhoyba@ytlcommunity.com - 27 June 2010 7:07:53 PM
Says Guedj, “We believe in KL and especially the owners of Starhill who are just as passionate in what they do. Starhill is so lovely.”Carrera y Carrera, Spain’s most famous jeweller so beloved by jet setting socialites, first made waves in Madrid in 1885 when Manuel Carrera opened shop. It was not long before his jewels and dainty sculptures became a mainstay among Madrid’s elite and found favour in the court of Queen Maria Cristina de Habsburgo. Today, its name and tradition live on in a profusion of collections inspired mostly by flora and fauna. The head honcho is Nathalie Guedj, who cut her teeth in such sterling companies as Christofle, Cartier and Van Cleef & Arpels USA for over 20 years before decamping to Carrera y Carrera’s Madrid headquarters. [more...] |
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 YTL Corp contributes US$2 million to “YTL Fellowship for a Rare Planet”
melisa@ytlesolutions.com - 22 June 2010 5:49:55 PM
YTL Corporation today launched the “YTL Fellowship for a Rare Planet”, an unprecedented community-based conservation programme that is set to directly benefit environmentally-threatened sites in Malaysia and Asia, home to some of the world’s richest natural resources and most extraordinary species and habitats. The US$2 million Fellowship fund in support of Rare, an international conservation group with success in 50 countries, is one of the many conservation gifts by YTL.
Speaking at the event, Ruth Yeoh who also serves on Rare’s Board as their youngest Trustee said, “Like many groups, YTL supports climate change mitigation at all levels – from the emerging cap and trade market to national policy and raising awareness. But YTL feels passionately that we cannot meet the challenge of climate change without mobilizing local communities living in and around Asia, building local leadership capacity, and providing alternatives to people whose options are already quite limited.
“That is why YTL Corporation is supporting Rare, in training Fellows across Asia to run campaigns that raise awareness of the issues and offer communities tools for adapting to and mitigating climate change. We have a once-in-a-lifetime opportunity before us: Given the right tools, Asia’s local communities can both contribute to and benefit from conservation of our rich natural resources, while playing a leading role on the world stage as we tackle the global threat of climate change.” [more...] |
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 YTL Corporation launches Climate Change Week 2010 with Eco Heaven
melisa@ytlesolutions.com - 20 June 2010 8:14:35 PM
YTL today kicked-start Climate Change Week 2010, in the heart of KL City, transforming Lot 10 Shopping Centre into an “Eco Heaven” with a showcase of creative reinventions of various used and recycle materials. Setting an example for its theme “Sustainable Living in the City”, Climate Change Week 2010 seeks to inspire Malaysians via a series of exciting and thought-provoking eco activities that will be held from June 19-27 in Lot 10 Shopping Centre, to show Malaysians how easy it is to go green.
Speaking at the launch, Ruth Yeoh, YTL’s Director of Investments said, "Since we started Climate Change Week in 2007, what has been the most fulfilling is seeing the tremendous increase in environmental consciousness amongst Malaysian, where climate change today has grown into a mainstream concern of the country and its people. But yet, we are still at a point in time which Scientists have termed ‘ecological overshoot’, using and wasting more resources than our planet can sustain or produce. To put it into perspective, in 2005 this annual overshoot accrued into an ecological debt that exceeded 2.5 years of Earth’s total productivity. And today, moderate United Nations scenarios suggest that if the world’s current population and consumption trends continue, by the middle of the next decade we will need an equivalent of two Earths to support us." [more...] |
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 30 millionth passenger wins big on YTL's ERL
matthew@ytlcommunity.com - 18 June 2010 10:57:27 AM
YTL's KLIA Express Rail Link (ERL), the operator of the high speed KLIA Express celebrated another historic milestone as a surprised 30 millionth passenger walked through the arrival gate here in KL Sentral this morning. [more...] |
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