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FACB Resorts Bhd, the white knight to the rescue of indebted Sri Hartamas Bhd, hopes to finally complete the latter#146;s restructuring by September and have a new subsidiary assume its listed status on the KLSE main board.
RATING Agency Malaysia Bhd (RAM) has placed a rating watch with a negative outlook on some hoteliers in Malaysia in view of the increasing threat from the Severe Acute Respiratory Syndrome (SARS) on the Industry.
SELANGOR-BASED consultant Noble Nexus Sdn Bhd has proposed the setting up of Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) consulting group to ensure that all projects are successfully implemented and at-tain the desired investment returns.
LIFE goes on for many Malaysian businesses despite the war in Iraq. While there are fewer foreign tourist arrivals, the resorts business is taking it in its stride and is making plans to counter the negative impact.