Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR: Shangri-La Hotels (Malaysia) Bhd says the positive momentum in the leisure and tourism market is expected to lift the group’s results this year after first quarter earnings jumped.
“The group’s hotels and resorts are in a strong position to benefit from these trends,” it said in a filing with Bursa Malaysia today.
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