It’s safe to say that 2021 is not turning out to be the year we had hoped for. After a tumultuous 2020, we were all determined to make this year a success. We had plans in place, ideas to improve our hospitality offerings, new restaurant and menu concepts to launch, exciting marketing strategies to go … the works. We were ready to re-open our doors with open arms and treat our guests to even more unforgettable experiences in true AX Hotels fashion.
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AX Group’s 2020 annual report is now available online. The publication contains the Group’s financial statements along with overviews of its core activities across the key sectors it operates in, namely construction, development, healthcare, and hospitality. In the face of a public health emergency and unprecedented operating conditions, AX Group has continued to respond to market conditions to deliver for its clients, people, and stockholders.
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have been promoting the concept of introducing a Monorail system since 1991. At the time, I already considered the traffic problem acute. Now, 30 years later, the problem is becoming more and more severe. Admittedly, significant strides are continuously being made to improve our road network. However, if vehicles continue to increase, we will have no other option but to create more flyovers, traffic junctions, and widening of roads, all to the detriment of our environment and our health.
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“It is imperative that structures are designed within the boundaries of each individual site while making the necessary allowances for the stability of nearby structures.”
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The decision of whether to be part of the family business at all is not an automatic one, and is indeed, one of the most important decisions of all, said Denise Xuereb, AX Group’s Construction and Development Director.
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Business restructuring is tricky. There are a number of angles that can be adopted to turn a business around but the approach that I have always preferred is to start with a close examination of the balance sheet.
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