tourism

SINGAPORE (Aug 7): Hatten Land intends to jointly build a RM200 million ($67 million) water themepark in Melaka, Malaysia, in collaboration with resort operator Samsung C&T Corp and Polin Waterparks, the designer and installer of water slides.

SINGAPORE (July 11): Duty Free International (DFI) posted earnings of RM9.05 million ($3.06 million) for the 1Q ended May, down 39.9% from RM15.05 million a year ago on lower revenue, donations and the absence of a gain arising from changes in fair value

SINGAPORE (June 20): Mastercard has released findings from its 2018 Global Destination Cities Index (GDCI): Play study, which measures international destinations with the highest concentration of visitors traveling for relaxation and leisure, instead of b

SINGAPORE (June 18): OCBC Investment Research is positive on Singapore’s hospitality sector as it sees a demand-supply situation ripe for revenue per available room (RevPAR) growth.

SINGAPORE (June 6): Far East Hospitality has announced the latest and final brand of the group’s upcoming three-property portfolio in Sentosa.

SINGAPORE (May 30): Memories Group, the tourism-focused company based in Myanmar, is acquiring a boutique hotel in Loikaw, Kayah State, Myanmar, for US$2.9 million ($3.9 million) from the Wa Minn Group of Companies and U Kun Naung Myint Wai.

SINGAPORE (Mar 22): Capital investment in Singapore’s travel & tourism sector is expected to rise 4.5% to $20.9 billion in 2018 from $20 billion in 2017, and rise by another 5% per annum over the next decade to $33.9 billion in 2028.

SINGAPORE (Mar 20): Singtel Group is planning to launch an interoperable platform that links various mobile wallets across different ecosystems, allowing users to make cross-border payments at physical merchants in the region. 

SINGAPORE (Mar 1): Hotel Royal posted a 92.5% decline in fourth quarter earnings to $0.2 million in 4Q17 compared to its earnings of $2.9 million in 4Q16 on the back of higher operating expenses.

SINGAPORE (Feb 19): OCBC Investment Research is maintaining its “buy” call on Roxy-Pacific Holdings with a higher fair value estimate of 66 cents from 60 cents previously, with a change of the stock’s covering analyst and the fine-tuning of assumpti