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PETALING JAYA: A Daiman Development Bhd property in Johor Baru is set to become part of the Hilton Hotels & Resorts stable. In a statement to StarBiz yesterday, Daiman Development clarified that the management agreement signed on May 28 by wholly-owned Daiman Landmark Hotel Sdn Bhd and Hilton of Malaysia LLC is for Hilton to provide development services and to operate a hotel owned by Daiman Landmark Hotel. The hotel will be run under the ‘DoubleTree by Hilton’ brand. Hilton of Malaysia is an affiliate of Hilton Worldwide Inc.
THE landmark collaboration between two rivals – the Singapore Exchange (SGX) and Hong Kong Exchanges & Clearing (HKEx) – marks the beginning of a new era of strengthening of ties among Asian exchanges.
MACAU: Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark – a US$3.9bil resort.
HONG KONG: Minority shareholders of Hong Kong-listed CITIC Pacific Ltd have approved a landmark deal to acquire US$36bil of assets from its state-owned parent CITIC Group Corp, China’s biggest and oldest financial conglomerate.
PETALING JAYA: Malaysia Airlines (MAS) is set to announce new aircraft orders at the Paris Air Show next week, but rival AirAsia is aiming to conclude negotiations so that it can make a landmark aircraft order to double its fleet at the same show, sources said.