TUI’s ‘headline’ profit falls

December 15, 2017 by  
Filed under EUROPE, News, tour company

FRANKFURT, 15 December 2017: European tourism giant TUI on Wednesday reported a sharp fall in headline profits in its 2016-17 financial year, but said its underlying performance remained solid, thanks to its hotels and cruise line businesses.

TUI — based in the north German city of Hanover and listed on the London stock exchange — booked net profit of 645 million euros (USD758 million) between October last year and September this year.

That was a fall of 38% from the previous year. Read more

History lives on in Yangon

May 26, 2017 by  
Filed under Myanmar, News

YANGON, 26 May 2017: Yangon Heritage Trust has recognised the Yangon Stock Exchange building as the latest historic landmark to receive a Blue Plaque.

According to YHT, the Blue Plaque installed at the Yangon Stock Exchange was the trust’s 18th plaque.

YHT awards Blue Plaques to distinguish Yangon’s top architectural landmarks. Blue Plaques are permanent signs installed on public places to commemorate a link between locations and a famous person, event, or landmark. They serve as historical markers. Read more

TransAsia suspends flights

November 22, 2016 by  
Filed under News, North Asia

TAIPEI, 22 November 2016: Taiwan’s TransAsia Airways said it would suspend flights from Tuesday as officials announced a probe into suspected insider trading at the loss-making airline, which is rumoured to be seeking buyers after two deadly crashes.

The airline, in a statement on its website late Monday, said it had requested a halt in trading of its shares before an “impromptu board meeting” Tuesday.

It said flights would be suspended from Tuesday and an explanation given to the public after the meeting. Read more

Myanmar opens stock exchange

March 28, 2016 by  
Filed under Myanmar, News

YANGON, 28 March 2016: Myanmar launched its first stock exchange with just one listed company Friday in the hopes of boosting the country’s economy as it emerges from decades of isolationist military rule.

The Southeast Asian nation is in the midst of a dramatic transition from a graft-soaked backwater to a vibrant emerging economy, with Aung San Suu Kyi’s party days away from forming a civilian government.

The Yangon Stock Exchange officially opened for trading, 20 years after it had first been conceived, with the clang of a bell and cheers from a business elite who are hungry for investment. Read more

Kata prepares for an IPO

July 21, 2015 by  
Filed under Hospitality, News

BANGKOK, 21 July 2015: Asset Pro Management is acting as financial consultants for Kata Group Resorts, based out of Phuket, as the group prepares to go public on the Stock Exchange of Thailand.

The group has six resorts all in southern Thailand and has just undergone a restructuring, adoption of a business plan and financing to meet SET requirements.

It should be able to launch an IPO in 2017 just prior to trading on SET.

Read more