Leng Beng sees terrorism as bigger threat to CDL group than Brexit

Singapore

CITY Developments Ltd (CDL) executive chairman Kwek Leng Beng sees a greater threat from terrorism than Brexit for the group's hotel and property business in the UK.

In the long term, he reckons, things will work out fine for the UK post-Brexit, although the short-term implications of Brexit are unclear.

One of the immediate effects from the UK referendum in June,where a majority of the electorate voted to leave the European Union, is that the pound has taken a beating, which makes Britain a cheaper place to visit.

"I believe more tourists will come to UK because of the cheaper e…