Pavilion Reit Unitholders Approve RM480 million Hospitality Acquisition
Pavilion Real Estate Investment Trust (Pavilion REIT) has received unitholder approval to acquire two landmark hospitality assets, Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), in a RM480 million yield accretive transaction that strengthens the REIT’s long-term performance and reinforces its presence within Bukit Bintang. The resolutions, passed earlier today at a unitholders’ meeting, enable MTrustee Berhad, acting on behalf of Pavilion REIT, to proceed with the acquisitions from Lumayan Indah Sdn Bhd and Harmoni Perkasa Sdn Bhd. The Chief Executive Officer of Pavilion REIT Management Sdn Bhd, Datuk Philip Ho said, “We are pleased with the strong support from our unitholders. These hotels are highly synergistic…
Wego and Tourism Authority of Thailand Launch Campaign to Inspire Middle East Travel to the Land of Smiles
Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with the Tourism Authority of Thailand (TAT) to spark fresh interest in one of the region’s favourite Asian destinations Thailand. This strategic alliance aims to amplify awareness around Thailand’s diverse tourism offerings while encouraging travellers across the GCC and wider MENA region to return and reimagine their experience of the Land of Smiles. The campaign will focus on storytelling that highlights new discoveries beyond the traditional Thai hotspots, inviting travellers to explore the country’s wellness sanctuaries, spiritual retreats, culinary journeys, and ecotourism escapes. Mamoun Hmidan, Chief Business Officer at Wego, commented: “Thailand has long been a top destination for…
Shanghai Shopping Festival Shows Latest in Consumer Trends
The 2025 Shanghai Shopping Festival, now being held for the sixth time, is showcasing the latest trends in China’s consumer market, according to officials and company executives at the launch ceremony on May 1. A key focus this year is the “silver economy” — spending conducted by senior citizens. Companies are offering special packages that combine healthcare, elderly care, tourism, financial services and other consumer goods. As Shanghai’s GDP per capita continues to rise, the city’s consumer spending patterns are shifting, with a larger portion of spending expected to be directed toward services. To meet this demand, Shanghai is expanding its offerings in sectors like telecommunications, the internet, education, culture and healthcare. This year’s shopping festival, running…
MINISO Releases 2024 ESG Report Highlighting its Position as an Industry Leader
Global lifestyle brand MINISO recently released its 2024 ESG (Environment, Society and Governance) Report, which underscores how the brand is contributing to brighter futures across many aspects – from philanthropic contributions to staff welfare and sustainable innovation. Significantly, the report highlights MINISO’s performance in the authoritative MSCI ESG and Wind ESG ratings. MINISO has been given an AA rating by MSCI – making MINISO a “leader” in its field and marking the third year of consecutive improvement in its ranking considering factors such as Corporate Behaviour, Privacy & Data Security, and Labor Management. Wind, meanwhile, has also awarded MINISO an AA rating for the second consecutive year, ranking first in the…
LG Display to Showcase World’s Best Solutions for Future Mobility at SID Display Week 2025
LG Display, the world’s leading innovator of display technologies, announced today that it will participate in SID Display Week 2025, the world’s largest display exhibition, where it will showcase next-generation automotive displays. SID Display Week draws together global display companies and researchers to present research papers on new technologies and exhibit medium- to long-term future technologies alongside new products. This year’s event is being held in San Jose, California, for three days from May 13 (local time). LG Display plans to showcase the world’s best automotive displays optimized for future mobility under the theme “Driving the future.” In line with the growing trend of larger and more numerous automotive displays…
