Jonathan Burgos Forbes Staff

12 Posts

Tycoon Tony Fernandes’ AirAsia Group Q1 Traffic Nearly Quadruples As Pandemic Travel Restrictions Ease

AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A Berhad—said first quarter traffic at its airlines across Southeast Asia nearly quadrupled,...

Hotel Chains From Hilton To Shangri-La Are Expanding Across Asia On Post-Pandemic Recovery Hopes

Hotel chains from Hilton—the world’s second largest hospitality group—to billionaire Robert Kuok’s Shangri-La are accelerating expansion plans across the Asia-Pacific region, betting on a...

Malaysian Tycoon Tony Fernandes’ AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions

AirAsia X—the long-haul subsidiary of Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A—has completed its debt restructuring, paving the way for the airline...

World’s Top Restaurant Noma In Talks With Billionaire Peter Lim To Explore Opportunities In Asia

The company behind Denmark’s Noma—which was voted last year as the world’s best restaurant for the fifth time—is in talks with Singapore billionaire Peter...

Billionaire Lucio Tan’s Philippine Airlines Boosting Flights By 52% Amid Tourism Recovery Hopes

Philippine Airlines—controlled by billionaire Lucio Tan—is increasing its scheduled flights by 52% this month amid optimism tourism will recover as the country reopens its...

Billionaire Lim Kok Thay’s Genting Adding Electronic Betting In The U.S. As Casino Operator Narrows Losses

Genting Bhd—controlled by Malaysian billionaire Lim Kok Thay—is expanding its presence in the U.S. by adding electronic betting to its operations as growing contributions...

Malaysian Tycoon Tony Fernandes’ AirAsia To Launch Air Taxi Service Across Southeast Asia By 2025

AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun—plans to launch an air taxi ride-sharing service across Southeast by 2025 as the loss-making airline...

Billionaire James Packer’s Crown Resorts Accepts Blackstone’s $6.3 Billion Takeover Offer

Crown Resorts—controlled by Australian billionaire James Packer—said Monday it had accepted Blackstone Group’s A$8.9 billion ($6.3 billion) takeover offer for the Melbourne-based casino operator....

Billionaire Lim Kok Thay Steps Down From Cash-Strapped Operator Of Star Cruises

Malaysian billionaire Lim Kok Thay has stepped down as chairman and CEO of Genting Hong Kong just days after the cash-strapped operator Star Cruises...

Billionaire Cousins Show Confidence In Singapore Property Market With Top Housing Site Bids Of $1 Billion

Singapore tycoon Kwek Leng Beng’s City Developments and his Malaysian billionaire cousin Quek Leng Chan’s GuocoLand submitted the top bids totaling S$1.35 billion ($1...

German Cruise Ship Builder Owned By Malaysian Billionaire Lim Kok Thay’s Genting Files For Bankruptcy

MV Werften—the German cruise ship builder controlled by Malaysian billionaire Lim Kok Thay’s Genting Hong Kong—has filed for bankruptcy after failing to reach an...

Thai Billionaire Family’s Central Group, Austria’s Signa Buying British Retailer Selfridges

Central Group—controlled by the Chirathivat family, among Thailand’s richest—and Austrian partner Signa Holding have agreed to buy British retailer Selfridges & Co. from the...

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