The Biltmore, Mayfair in the UK. CDL's hotel operations arm, led by wholly-owned M&C, anticipates full-year losses for 2020 given the collapse in global travel and tourism.
PHOTO: CDL
Singapore
CITY Developments Ltd (CDL) expects to sink into the red in 2020 with a full-year loss, reversing from a S$564.6 million net profit in 2019, dragged by the prolonged impact of the coronavirus outbreak.
It foresees more impairment losses, and British unit Millennium &...
Register to read this article. Log in if you are already a subscriber.Register to read this article. Log in if you are already a subscriber.Please log in or subscribe to continue reading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes