NEWS ROUND-UP Tasa Meng eyes tourism boost with Matsu ferry licence
Travel retailer Tasa Meng has secured a licence to operate new ferry terminal concessions on Taiwan’s Matsu Islands. Tasa Meng expects to open a new arrivals
and departure concession in addition to an island duty free store at Fuao Harbour following a competitive tender process last year, General Manager Gary Chau has told TRBusiness. Matsu, administered as Lienchiang
County under Fuijan Province of the Peoples Republic of China, is a small archipelago of islands situated in the Taiwan Strait close to the east coast of Mainland China. “The ferry terminal is new and we are
Bahrain profits +22% as upgrades ‘nearing completion’
Bahrain Duty Free Shop Complex posted a net profit of $5.8m (+22%) in Q1 versus the same period last year as profits from investments hit $2.3m (+31.5%). During a meeting of its board of directors,
Chairman of the Board Farouk Yousuf Al Moayyed also announced total sales of $19.8m (+6.7%) for the three months ending 31 March. The retailer’s investment portfolio
grew by 15.6% to $99.5m compared to December 2016. The results come as the Aer Rianta
International managed company edges closer to completing its departure shop refurbishment programme, added Bahrain Duty Free Managing Director Abdulla Buhindi.
Dubai International Airport (DXB). Dubai takes on $3bn loan to expand its two airports
The Government of Dubai has announced that it has negotiated its new $3bn long-term loan facilities to underwrite the long-term expansion of Dubai International Airport (DXB) and Dubai World Central (DWC) and its Al Maktoum International Airport. The government first announced it was
Mr. Abdullah Buhindi, Bahrain Duty Free Managing Director.
entering into this huge undertaking last November, with a consortium of Dubai state entities, including the Department of Finance, the Investment Corporation of Dubai and Dubai Aviation City Corporation all participating. In an official statement, it said that
HSBC acted as the Financial Advisor in raising the funds which will represent the first stage of a larger funding programme aimed at transforming DWC into the primary airport for Dubai, handling an expected 146m passengers a year by 2025. “Dubai remains firmly committed to
the development of DWC and to the growth of the global aviation sector, and this initial US$3bn transaction to support Dubai’s ambitious 2025 passenger capacity targets is testament to our belief,” said Chairman of Dubai’s Supreme Fiscal Committee, HH Sheikh Ahmed bin Saeed Al Maktoum.
also (keen to begin) exporting possible ship chandling and supply (services),” Chau said. The first concession for departure
duty free at the ferry terminal will open by the end of this month, as part of a phased rollout. Tasa Meng already operates a souvenir
store, offshore duty free shops and a café/ restaurant at a visitor centre in Nangan, with the new ferry terminal licence designed to boost the attractiveness of Matsu Islands as a tourist destination for travellers, including the Chinese. “There are already a lot of cruises from
China, Singapore, Malaysia, Indonesia and Vietnam – they are small numbers, but as an operator we need to be there.” In other developments, Tasa Meng last
week announced that its 2016 corporate social responsibility report has met Global Reporting Initiative (GRI) Standards
Tasa Meng at Taoyuan International Airport.
as verified by the British Standards Institution (BSI). “The business will be different from
airports, so we will need to speak to suppliers about what we can sell.”
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78
