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Business 06 Aug 2004 | 12:00 AM

Millennium turns around with £11mil Q2 net income

Millennium Copthorne Hotels Plc, owner of the Biltmore in Los Angeles and other luxury hotels worldwide, posted a second-quarter profit as a recovery from last year's slump in international travel revived demand for upscale accommodation.

Business 27 Jul 2013 | 12:00 AM

Coastal makes RM425mil sales

PETALING JAYA: Shipbuilder Coastal Contracts Bhd is selling five anchor handling tug supply units, one 300-crew accommodation work barge and one 85m support/maintenance vessel for approximately RM425mil.

Business 12 Jul 2013 | 8:37 AM

RHB Research maintains Buy on AZRB, FV RM1.47

RHB Research is maintaining its Buy recommendation on Ahmad Zaki Resources Bhd after it secured a RM171.5mil design and build contract for students accommodation complex at Universiti Teknologi Malaysia in Kuala Lumpur.

Business 17 Oct 2005 | 12:00 AM

Ecotourism helps local communities

THE travel and tourism industry is one of the fastest growing industries in the services sector. The industry, which encompasses transportation, accommodation, food and beverage, and recreation and entertainment, is currently the second largest gross domestic product (GDP) contributing industry for Malaysia.

Business 03 Nov 2003 | 12:00 AM

Malaysia offers best value to tourists, says hotelier

MALAYSIA, with its competitively priced hotel accommodation and unique cultural experience, offers the best value destination to tourists, French hotelier Jean-Jacques Kiefer said.

Business 17 Apr 2013 | 12:00 AM

Fed doves stand by stimulus, though one has bright outlook

CHICAGO/NEW YORK: A handful of Federal Reserve policy doves on Tuesday showed no sign they were prepared to dial down the central bank's extraordinary accommodation any time soon, even though one gave a highly optimistic outlook that the economy will turn the corner next year.

Business 15 Feb 2013 | 12:00 AM

Petra Energy buys vessel for RM42mil

KUALA LUMPUR: Petra Energy Bhd’s wholly owned subsidiary Petra Resources Sdn Bhd will acquire Otto 3, an accommodation work barge vessel, from Koi Marine Ltd for about RM42.3mil.

Business 05 Jun 2012 | 12:00 AM

Alam Maritim unit buys work barge for RM95mil

KUALA LUMPUR: Alam Maritim Resources Bhd said its jointly-controlled company Alam Radiance (L) Inc has signed a memorandum of agreement with Pacific Crest Pte Ltd to acquire a 402 men/100m accommodation work barge, Crest Station 3, for US$31.55mil (RM94.65mil).

Business 02 Oct 2013 | 7:08 AM

Malaysias CIMB-TCA buys Melbourne office block for US$259.2mil

KUALA LUMPUR, Oct 1 (Reuters) - CIMB Trust-Capital Advisors (CIMB-TCA), which administers private equity real estate investments for Malaysian lender CIMB, has bought a 16-storey office accommodation block in Australia for 845 million ringgit ($259.24 million), the firm said in a statement on Tuesday.

Business 02 Oct 2013 | 12:00 AM

CIMB-TCA acquires 5th property in Australia for RM845mil

KUALA LUMPUR: CIMB TrustCapital Advisors (CIMB-TCA) has acquired its fifth property in Australia, a 16-storey office accommodation in Melbourne, for RM845mil.