Tiong Lay Yeoh

Tan Sri Dato’ Seri Yeoh Tiong Lay

Yeoh Tiong Lay’s YTL Corp runs hotels, which includes the Ritz-Carlton in Kuala Lumpur, and property-development businesses with a 2,000-acre land bank in Malaysia. At the end of the first quarter, YTL Corp registered a nine-month revenue of $3 billion and a profit of $289 million, while YTL Land and Development’s profits before taxes increased 27 percent to $6.25 million. Upcoming projects include Pantai Peak at Pantai Hillpark, U Thant Place at Jalan U-Thant, new phases in Sentul West and Sentul East in Kuala Lumpur, and Shorefront in George Town.