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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Hong Leong Holdings To Preview Midwood

Hong Leong Holdings Limited (HLHL) will commence previews starting this Saturday, 19 October. Its latest development, Midwood, a 564-unit condominium, strategically located in the highly sought-after residential enclave of Hillview Rise.

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Singapore Hawker Food Goes Five Star In London

A spotlight has been shone on Singapore, as Bugis Street Brasserie, the well known F&B outlet at Millennium Gloucester London Hotel clinched the top award ‘Asian Fusion Restaurant of the Year’ at the London Asian Food Awards.

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Hong Leong Finance Lists Among The World’s Best Banks

18 April 2019 – Hong Leong Finance (HLF) has made it to The Banker’s 2018 Top 1000 World Banks, ranking fifth among the New Arrivals that have joined the list for the first time. It marks a first for a Singapore finance company.

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Hong Leong Finance Achieves Highest Global Market Share With Porsche Financial Services

6 March 2019 – Singapore has achieved the highest market share of financing Porsche cars in the world in 2018. And to mark this milestone, Porsche Financial Services Group Germany (PFS) today presented Hong Leong Finance (HLF) a special award for achieving the highest ‘market penetration worldwide’ for the German premium sports car manufacturer.

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First Look: The St. Regis Singapore unveils Caroline’s Mansion

Caroline's Mansion

The St. Regis Singapore has unveiled a new event space. Converted from the hotel’s indoor tennis courts, the new space is known as Caroline’s Mansion, in honour of Caroline Astor – mother of St. Regis founder John Jacob Astor IV.

Housing 370 square metres of lavish space, designed with original architecture elements from Caroline Astor’s New York home, Caroline’s Mansion boasts nine-metre double-height ceilings and a ballroom that can be divided into three intimate spaces.

This innovative conversion of space started in March 2018 and took ten months to complete. Despite a tough economic climate, there has been increasing interest in high-end venues to host intimate weddings and events. The conversion of the tennis courts increases St. Regis’ space inventory and puts the hotel in an advantageous position to handle the demand for event venues.

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Seniors Keep Fit And Youthful With Tea And Yoga

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30 January 2019 – More than 40 elderly beneficiaries learnt some secrets to growing old
gracefully at Hong Leong Foundation’s charity event, held at Copthorne King’s Hotel today.
The seniors from Bo Tien Home for the Aged and Kheng Chiu Loke Tin Kee Home enjoyed a morning
focused on health and wellness. They were hosted by staff volunteers from member companies in Hong
Leong Group Singapore.

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