By 2024, OYO hopes to have added 100 self-operated hotels in Malaysia. To support these properties, the company will seek to enter into annual or long-term revenue-sharing management contracts. This is a component of OYO’s initiative, which uses partnerships to promote economic growth in local communities. Beginning on March 5, this year, OYO opened the GS Hotel in Kota Damansara, Selangor,…
MALAYSIA -Tony Fernandes, the CEO of discount airline firm AirAsia, has had his contract extended by Capital A Bhd for a further five years, allowing him to continue spearheading the group’s future expansion. Additionally, the group’s airlines division, which is in the process of merging with AirAsia X Bhd, recruited him as a strategic consultant. According to Fernandes,…
MALAYSIA – The country’s economic activity may decline and jobs may be lost as a result of the 24-hour restaurant operating license being eliminated, according to Kepong DAP MP Lim Lip Eng. He stated that because they bring in money from both food sales and tourism, 24-hour restaurants are important to Malaysia’s economy. “It would result in employment losses and a decline…