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YTL Hospitality REIT 2Q20 NPI up 2.4%, declares 1.92 sen DPU

The weaker hotel segment was caused by the weakening of the Australian dollar against the ringgit, the REIT said, noting revenue and net property income from its Australian properties had improved due to continuous improvement in room sales subsequent to the completion of refurbishment of Brisbane Mariott, as well as operational efficiency and cost savings.

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No car park being built next to Fort Cornwallis

Chief Minister of Penang Incorporated Deputy General Manager Bharathi Suppiah: On the contrary, the area in front of the fort will be enhanced through the moat reconstruction, conservation of the fort wall and bastion and landscaping which are currently underway.

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