in the news

Staying on the pulse of news

Featuring press releases and media resources about the Group's companies.

25th Jun 2020

Hong Leong Finance To Reopen Six Branches and Two SME Centres


Hong Leong Finance To Reopen Six Branches and Two SME Centres

Hong Leong Finance (HLF) will reopen six branches and two SME Centres with effect from 29 June 2020. These branches and SME Centres will help to meet the expected increase in customer traffic as Singapore heads into the second week of post-Circuit-Breaker Phase 2 Safe Transition.

There will be a total of 14 opened branches and seven SME Centres in operation by 29 June, while 14 other branches and five SME Centres will remain closed until further notice.

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23rd Jun 2020

Hong Leong Finance Reaches Out To SMEs With Targeted Business Loans


Hong Leong Finance Reaches Out To SMEs With Targeted Business Loans

Hong Leong Finance (HLF) today launched its Business Loans Campaign with the aim of reaching out to more SMEs, empower them with targeted solutions to manage cash flow, and mitigate the overall impact from the coronavirus crisis.

SMEs with affected cash flow can apply for affordable Enhanced Enterprise Singapore Financing Scheme (EFS) – SME Working Capital Loan (WCL) and the Temporary Bridging Loan Programme (TBLP). These collateral-free loans are supported by the Monetary Authority of Singapore’s (MAS) SGD Facility. Customers can also enjoy a waiver of processing fees during this period.

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10th Jun 2020

We Clean. We Care. We Welcome.


We Clean. We Care. We Welcome.

In this pandemic and global fight against Covid-19, Millennium Hotels and Resorts (MHR) has stepped up precautionary measures to ensure that every hotel is a welcoming sanctuary for guests. The “We Clean. We Care. We Welcome.” campaign has been rolled out to more than 145 hotels across 80 locations under the MHR portfolio. 

Complementing mandatory preventive measures by government authorities and hygiene accreditations, the “We Clean. We Care. We Welcome.” campaign establishes exhaustive measures that focuses on all touchpoints of any interaction to ensure that every stay with an MHR hotel is safe, clean and comfortable and that the well-being of employees are safeguarded.  

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06th May 2020

Hong Leong Finance Hits 500th Customer In Approved COVID-19 Loan Relief Applications


Hong Leong Finance Hits 500th Customer In Approved COVID-19 Loan Relief Applications

Hong Leong Finance (HLF) has seen a surge in COVID-19 approved loan relief applications, reporting that it has approved applications from 500 customers, comprising 300 from local businesses and 200 from retail customers.

HLF expects to see a further increase following the latest announcement by the Monetary Authority of Singapore to ease cash flow concerns of individuals, which includes vehicle and commercial property loans. As a committed financier, HLF is supportive of the second relief package for individuals.

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21st Apr 2020

Love on the Battlefield


Love on the Battlefield

Millennium & Copthorne Hotels in the frontline against Covid-19 around the world

The Biltmore LA team with LAPD chief Michael Moore

In the face of the battle against Covid-19 in Singapore and around the world, Millennium & Copthorne Hotels (M&C) has committed to extending support to the communities it operates in, and is standing in solidarity with key frontline workers and healthcare professionals.

M&C, a subsidiary of listed property giant City Developments Limited, operates in 80 locations across 22 countries around the world including China, the US, the UK and New Zealand. It is the most globalised of local hotel groups and has experienced a major brunt of the pandemic. In turn, the hotel group has rolled out help programmes to public health authorities, medical workers and other frontline personnel in the locations it operates in.

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30th Mar 2020

CDL Appoints Veteran Hotelier As Group Chief Executive Officer For Hotel Arm Millennium & Copthorne Hotels Limited


CDL Appoints Veteran Hotelier As Group Chief Executive Officer For Hotel Arm Millennium & Copthorne Hotels Limited

30 March 2020 – The Board of Directors of City Developments Limited (CDL) announced today the appointment of Mr Clarence Tan (age 52) as the Group Chief Executive Officer (Group CEO) for Millennium & Copthorne Hotels Limited (M&C) – the Group’s wholly-owned hospitality subsidiary – with effect from 2 April 2020.

As the first CEO for the privatised M&C, Mr Tan will spearhead a turnaround in the performance of M&C’s global hotel portfolio which encompasses 150 hotels and 43,500 rooms worldwide, many in key gateway cities. Reporting to CDL and M&C Executive Chairman Mr Kwek Leng Beng, he will work closely with the CDL leadership team to deliver sustainable hotel performance by focusing on achieving synergies, cost efficiencies and driving profitability. Mr Tan’s timely appointment will offer stability to M&C and comes at a time when the COVID-19 pandemic has significantly affected the global hospitality industry.

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19th Feb 2020

Hong Leong Finance Rolls Out Loan Relief for Customers Affected By COVID-19 Outbreak


Hong Leong Finance Rolls Out Loan Relief for Customers Affected By COVID-19 Outbreak

Singapore, 19 February 2020 – Hong Leong Finance (HLF) today announced that it will roll out Covid-19 Loan Relief Schemes, to support small- and medium-sized enterprises (SMEs) and individual customers affected by the COVID-19 outbreak.

The Schemes will help businesses for their Singapore operations mitigate the impact caused by the coronavirus outbreak. HLF understands that one of the constraints that SMEs may face is cash flow. Loan support, for affected companies who encounter difficulty in servicing their loan instalments, will be extended to help them tide over this difficult period. Measures will include providing additional loans against their property with total loan-to-value (LTV) of up to 100% and offering SME Bridging Loans that are released in tranches according to their cash flow needs. These are further measures to complement the Stabilisation & Support Package delivered in Budget 2020.

Affected individual customers will also be rendered assistance.

HLF President Mr Ang Tang Chor said, “Medical staff are tirelessly combating the COVID-19 outbreak at the forefront and the Government is doing its utmost to keep the community safe and healthy. At Hong Leong Finance, we want to do our part by increasing financial support, such as preferential policies for loan terms and fees, to support our customers who may be in hardship. We understand the anxiety they are facing regarding maintaining cash flow to keep their businesses afloat and income to support their families. We believe our added assistance can help reduce business disruption and financial strain. We are committed to supporting them through these challenging times.”

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Bridging the Distance with a Message of Love

Millennium Hotels and Resorts Honours Employees and Mothers from Around the World

Singapore, 5 May 2020 – In celebration of Mother’s Day, Millennium Hotels and Resorts (MHR) will be launching “Message from Me”. “Message from Me” is a social media campaign that will run from 8 to 25 May to honour mothers and caregivers from around the world. This campaign aims to bridge the distance between families as many countries are still living under curfew and lockdown conditions. Mother’s Day falls on Sunday, 10 May 2020.

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官方1分快3-【官网首页】 Gears Up Against Coronavirus

Singapore, 5 February 2020 – 官方1分快3-【官网首页】 has implemented precautionary measures across its businesses in accordance with guidelines from the relevant local authorities. At the moment, our measures for employees only take effect in the case of employees with a recent China travel history. Employees who recently travelled to or are travelling to/from China (including transit); or came into contact with persons who travelled to Hubei, China, are required to submit their travel details and undergo a 14-day monitoring period. During this period, staff have either been advised to adopt flexible work arrangements, such as telecommuting and teleconferencing or been granted leave of absence. Staff have been advised to remain vigilant and to practice good personal hygiene.

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Millennium Hotels and Resorts Toasts To A New Beginning

13 January 2020 – It was certainly a bright and merry celebration as more than 300 staff of Millennium & Copthorne Hotels (M&C) celebrated the year end festivities with their Executive Chairman, Mr Kwek Leng Beng, at the Copthorne Tara Hotel in London.

It was a special Christmas 2019 for M&C as it was the first year the hotel group celebrated as a private company after 23 years on the London Stock Exchange. Listed in 1996, M&C was delisted on 11 October 2019 following a successful privatisation exercise launched by City Developments Limited (CDL), its major shareholder. Taking full control of M&C would allow CDL to conduct a more holistic review of its hotel operations and accelerate M&C’s integration with initiatives that would maximise shareholder value.

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Rare Luxury Development The Avenir Launches This Weekend

Singapore, 7 January 2020 – The 376-unit Avenir will be launching this weekend starting 11 January 2020.
Located in District 9 in the prime River Valley area, this freehold luxury project is a gem that enjoys close proximity to Orchard Road while being away from the din of the world-famous shopping belt.

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Hong Leong Holdings Offers A Luxury Of Space And Time At The Avenir

Singapore, 3 January 2020 – A rare freehold district nine project will come onstream in January. Developed jointly by Hong Leong Holdings Limited (HLHL), GuocoLand Limited and Hong Realty (Private) Limited, The Avenir is a 376-unit condominium located in the prime River Valley area.
Previews of The Avenir will commence on 3 January 2020 at 6pm.

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Strong Turnout At Midwood Preview Weekend

21 October 2019 – The 564-unit Midwood by Hong Leong Holdings saw a strong turnout over its first preview weekend which started on October 19. More than 3,500 visitors were recorded at the show suites of the 99-year lease development…

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