TH Hotels to operate under new name Raia Hotel, staff absorbed
THE STAR
Thursday, 20 Feb 202011:50 AM MYT
In a statement issued on Thursday, Urusharta Jamaah said the staff at the four hotels - TH Hotel Kota Kinabalu; TH Hotel Bayan Lepas; TH Hotel & Convention Centre Alor Setar; and TH Hotel & Convention Centre Kuala Terengganu – would be absorbed.
KUALA LUMPUR: Tabung Haji's four operating hotels, which were transferred to Urusharta Jamaah Sdn Bhd (UJ), will operate under a new name of Raia Hotel from April 1 and the staff would be absorbed.
In a statement issued on Thursday, Urusharta Jamaah said the staff at the four hotels - TH Hotel Kota Kinabalu; TH Hotel Bayan Lepas; TH Hotel & Convention Centre Alor Setar; and TH Hotel & Convention Centre Kuala Terengganu – would be absorbed.
“Urusharta Jamaah has further approved funds to improve hotel facilities and service quality, ” it said.
It also strongly denied all malicious and false allegations that the Ministry of Finance or that the Minister of Finance, Lim Guan Eng, had irresponsibly shut down the TH Hotels and subsequently dismissed the affected hotel staff.
Urusharta Jamaah also condemned all irresponsible and false allegations including various viral social media posts maligning the Minister of Finance, including one which carried a death threat.
“The Minister of Finance was not involved in the decision-making for the above restructuring exercise or any decision that pertains to Urusharta Jamaah. He did not even attend any meetings on any of the matters relating to Urusharta Jamaah.
“The management of Urusharta Jamaah and its assets are governed by the Board of Urusharta Jamaah, which is chaired by Ketua Setiausaha Perbendaharaan, Tan Sri Ahmad Badri Mohd Zahir. All the board of directors, CEO Izad Sallehuddin, and the senior management of Urusharta Jamaah are Muslim professionals.
“With this rescue package to protect the interest of Lembaga Tabung Haji (LTH) contributors and to help nurse LTH back to health, LTH will no longer need to bear the RM10.3bil of losses on the value of these assets, as the losses are borne by Urusharta Jamaah and the Malaysian government.
“LTH will also no longer need to be burdened with the risk of further losses on these transferred assets, ” it said.
