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Amid the Covid-19 pandemic, companies not only face a slowdown in economic activity but also need to hasten their digitalisation journey and ensure they are ESG-compliant. Some are restructuring to achieve this.
KUALA LUMPUR: Berjaya Corporation Bhd (BCorp) is eyeing to establish a hospitality real estate investment trust (REIT) in the long run, which focuses only on five-star hotels owned by the group instead of those it operates, said group chief executive officer (CEO) Abdul Jalil Abdul Rasheed.
SINGAPORE: Berjaya Corp will announce a reorganisation in June to streamline its businesses, and it plans to sell off non-core assets, New Straits Times cited group chief executive officer Abdul Jalil Abdul Rasheed as saying.
Malaysia’s removal from FTSE Russell watch list positive
Group transforming into institutionalised corp
THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector.
SUPPORT your local businesses. That’s the least we can do to be part of the Malaysian economic recovery journey.
Tan’s statement came following media reports linking Berjaya, and his daughters, to SEA Gamer Mall which is headquartered in Sitiawan, Perak.