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YTL Malaysia Gear For Koh Samui Development

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Posted: 24 May 2010 | 6:00 am

Major Malaysian conglomerate YTL Corp Bhd have announced plans to inject a number of assets into its hospitality geared property affiliate YTL Land and Development within this year.

Aimed at growth into hotel grade assets the firm has a major Koh Samui site which it had originally partnered with now defunct financial house Lehman's on and earlier this year acquired the former partners remaining shares.

The group continues to have an interest in Phuket's Chedi which last year ceased management by GHM and many speculate will eventually come into a newly formed management entity.

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The island;s popularity as a mcse holiday destination quickly stimulated the widespread construction of top class hotels, restaurants and retail facilities, while at the same time prompting a residential boom with a range of associated amenities such as supermarkets, schools and medical services.

Davids, 24 May 2010 | 7:32 pm

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WEDNESDAY Business Crisis Management Seminar

After Phuket's recent tsunami and earthquake scares, environmental organization SEEK have arranged Business Continuity Management for Crisis Situations seminar.