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.
PETALING JAYA: YTL Corp Bhd
has purchased the Westin Perth for over A$200mil (RM591mil), which is one of the biggest hotel sales in Perth.
According to The Australian Financial Review, Perth-based developer and construction group BGC, which was founded by the late Len Buckeridge, confirmed it had sold the hotel to two subsidiaries within YTL’s hotel division, Starhill Hotel (Perth) and Starhill Hotel Operator (Perth), on Tuesday.
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