A company with its core business in the hospitality and retail sectors, MALAYAN UNITED INDUSTRIES BHD (MUI) is going through what could be one of its toughest challenges yet. The asset-rich company, once known as among the top corporate powerhouses in Malaysia, is among those facing the harsh financial repercussions of the Covid-19 pandemic, with…
MUI Group is now just about halfway into its three-year turnaround plan, but is everything going according to schedule? We ask Executive Chairman Andrew Khoo Boo Yeow about progress, challenges and stepping out of his dad’s shadow.
THE 36-year-old Corus Hotel Kuala Lumpur in Jalan Ampang may be demolished to make way for an integrated development as the owner, Malayan United Industries Bhd (MUI), is considering unlocking the value of the strategically located land. It is mulling the construction of a 55-storey building comprising serviced apartments, co-working space, a hotel and a…