Latest news with #Malaysian-based
The Age
a day ago
- Business
- The Age
It's a Paradox. Trump Tower developer rebrands Sydney's Radisson
Capital gain Sydney's historic Radisson Blu Plaza hotel, which was the original home of publisher John Fairfax & Sons, is being rebranded under the Paradox chain. It will be the first Paradox hotel in the country. The brand is run by Macquarie University graduate and Canada's Trump Tower developer, Tiah Joo Kim. The sandstone building at 27 O'Connell Street which covers the block to Pitt Street was built in 1856. After the Fairfax business vacated, it served as the Bank of New South Wales, then as a Westpac Bank before beginning its life in hospitality as the five-star Radisson Blu Plaza Hotel in 2000. Malaysian-based TA Global has owned the property since 1997 and plans to expand the Paradox brand around the world. The group is run by one of Malaysia's richest families and has a global portfolio of hotels in five countries including Canada, Singapore, China and Thailand. Joo Kim was appointed chief executive at just 36, overseeing the company's portfolio, including the development of Canada's then Trump International Hotel and Tower in Vancouver. The rebrand will start on July 1 under the guardianship of the hotel's long-standing general manager Peter Tudehope, who is the former chairman of Tourism Accommodation Australia NSW. Farm sale
Sydney Morning Herald
a day ago
- Business
- Sydney Morning Herald
It's a Paradox. Trump Tower developer rebrands Sydney's Radisson
Capital gain Sydney's historic Radisson Blu Plaza hotel, which was the original home of publisher John Fairfax & Sons, is being rebranded under the Paradox chain. It will be the first Paradox hotel in the country. The brand is run by Macquarie University graduate and Canada's Trump Tower developer, Tiah Joo Kim. The sandstone building at 27 O'Connell Street which covers the block to Pitt Street was built in 1856. After the Fairfax business vacated, it served as the Bank of New South Wales, then as a Westpac Bank before beginning its life in hospitality as the five-star Radisson Blu Plaza Hotel in 2000. Malaysian-based TA Global has owned the property since 1997 and plans to expand the Paradox brand around the world. The group is run by one of Malaysia's richest families and has a global portfolio of hotels in five countries including Canada, Singapore, China and Thailand. Joo Kim was appointed chief executive at just 36, overseeing the company's portfolio, including the development of Canada's then Trump International Hotel and Tower in Vancouver. The rebrand will start on July 1 under the guardianship of the hotel's long-standing general manager Peter Tudehope, who is the former chairman of Tourism Accommodation Australia NSW. Farm sale
Barnama
2 days ago
- Business
- Barnama
Malaysia's Wide Agro Ventures and Japan's Orec Ink Strategic Pact for High-tech Agro Machinery Hub in Perak
OSAKA, Japan, June 19 (Bernama) -- Wide Agro Ventures Sdn. Bhd., a Malaysian-based company has sealed a strategic partnership with Orec Co. Ltd, a company headquartered in Fukuoka, Japan to establish a new state-of-the-art production facility and distribution centre at Seri Iskandar Industrial Park, Perak, with an initial investment of RM30 million on 18 June 2025. This joint initiative was unveiled through the signing of a Memorandum of Understanding (MoU) at the World Expo 2025 in Osaka. The ceremony, held at the Expo's Business Hall, drew high-level representation from both governments. It was officiated in the presence of Yang Berhormat Dato' Salbiah Mohamed, Perak State Executive Chairman for Women, Family, Social Welfare and Entrepreneur Development (attending on behalf of Yang Amat Berhormat Dato' Seri Saarani Mohamad, Menteri Besar of Perak), along with senior officials including Yang Berbahagia Dato' Dr. Roslan bin Mahmood, Senior Division Secretary of the Ministry of Rural and Regional Development, Mr. Mohamad Hashim Abdul Ghani, CEO of InvestPerak Malaysia and Mr. Gulam Muszairi Gulam Mustakim, MIDA Osaka Director.
Malaysia Sun
13-06-2025
- Business
- Malaysia Sun
Malaysian businesses increase connections with China, HSBC survey shows
KUALA LUMPUR, June 13 (Xinhua) -- Malaysian businesses are adapting their trade strategy to significantly increase connections with China (61 percent) amid global uncertainties, a survey by HSBC showed. The bank said in a statement on Thursday that Malaysian businesses have been hit with surging costs and supply chain disruptions and are having to rethink their strategy and planned investments as U.S. tariffs and shifting trade policies continue to impact their enterprises. Considering current trade dynamics, Malaysian businesses have also been keen on increasing their connections with South Asia (55 percent) and North Asia (44 percent). Meanwhile, the survey found that currently, the biggest concern for more than half of Malaysian businesses (55 percent) is rising costs due to tariffs and other trade-related factors. In response to this, 42 percent of Malaysian businesses have shifted their focus to domestic markets, prioritizing local customers and reducing international exposure while 40 percent of businesses plan to do the same. In addition, 37 percent of Malaysian businesses have increased their inventory levels to manage supply disruptions, with 49 percent planning to do so as well. Despite global uncertainties, 250 Malaysian-based companies surveyed are optimistic about their international growth but are in need of external strategic advice on the matter. About 91 percent of companies are confident they can grow international trade, ahead of the 89 percent global average. More encouragingly, 73 percent think that trade uncertainty has encouraged their business to evolve and explore new opportunities while 55 percent are seeking strategic advice on international expansion, restructuring or supply chain realignment. "Despite the challenges posed by the uncertain tariff and trade landscape, businesses in Malaysia are demonstrating resilience and adaptability in the way they operate," said Omar Siddiq, chief executive officer and head of banking, HSBC Malaysia. While supply chains may be further reconfigured, he noted there continues to be strong potential for local companies to leverage on Malaysia's strong trade ties particularly in Asia.
Malaysian Reserve
04-06-2025
- General
- Malaysian Reserve
NGO calls for deeper probe into trafficking networks behind KLIA detainee case
By GLORIA HARRY BEATTY HUMAN rights non-profit organisation Tenaganita is urging authorities to go beyond border enforcement and investigate trafficking networks behind the arrival of 279 foreign nationals who were denied entry by the Kuala Lumpur International Airport (KLIA) division of the Border Control Agency (AKPS) on June 2. According to a recent statement by AKPS, this is the highest single-day record of Not-To-Land (NTL) cases since the KLIA Monitoring Team was established in 2023. The removal is part of AKPS's ongoing efforts to tighten border security. All individuals involved were ordered to return to their countries of origin immediately following documentation and further screening by its officers. Tenaganita ED Glorene Amala Das welcomed immigration authorities' use of intelligence tools to scrutinise travellers at the point of entry but warned that enforcement alone is not enough. 'It is encouraging to note that immigration authorities are using intelligence and available systems to assess incoming individuals against proper entry requirements, rather than allowing entry without sufficient scrutiny. 'However, while enforcement at the point of entry is important, it is equally critical to investigate and identify the networks facilitating these movements. We must ask: Who arranged for them to come? What agencies or individuals were involved on both ends, particularly in Malaysia?' she told the Malaysian Reserve. Glorene pointed out that these arrivals do not happen in isolation and are often Malaysian-based recruiters, agents, or companies complicit in enabling their travel and planned employment here. The group's years of work with migrant workers and trafficking victims reveal a pattern of deception by recruitment agents and companies operating in Malaysia and abroad. 'At Tenaganita, we have worked with many migrant workers and victims of trafficking who were deceived by false recruitment promises. Some sold their family lands or took on huge debts with the hope of decent work in Malaysia, only to find themselves exploited, undocumented, and abandoned. 'We hope that thorough investigations are underway to expose and hold accountable those who facilitated this attempt to enter Malaysia under dubious pretenses. Many of the individuals may have been victims of deception and coercion,' she cautioned. Glorene also urged that those detained be allowed to return home safely and share their experiences to raise awareness in their communities to prevent further exploitation. As the group continues its efforts to protect the rights of migrant workers and victims of trafficking, it believes accountability and systemic reform must go hand in hand with enforcement.
