Majority Still Prefer Printed Annual Reports: Biz Daily Survey
By Jared Heng Between now and 2020, the amount of digital information created and replicated in the world will grow to a staggering 35 trillion gigabytes as all major forms of media shift from analogue to digital, according to International Data Corpora- tion (IDC). The amount of digital information created and replicated in a year,...
Banyan Tree Divests Thai Assets, Expanding in China, Mauritius
By Jared Heng Mainboard-listed Banyan Tree Holdings Limited’s (“BTH” or the “Group”) loss after taxation and minority interest widened from S$4.2 million in 2Q2009 to S$9.2 million in 2Q2010. The Singapore-based manager and developer of premium resorts, hotels and spas said this was mainly due to the adverse impact of anti-government riots in Bangkok, Thailand,...
UOB Reduces European Exposure, Seeks More Key Asian Market Opportunities
By Jared Heng The United Overseas Bank Group (UOB) posted after-tax earn- ings of S$1.302 billion in the first half, up 48.0 per cent year-on- year. In the second quarter, after-tax profit increased 27.9 per cent from the same period last year to reach S$602 million. UOB attributed the first half performance to robust contributions...
Marriott Launches Aggressive Plan to Bring Travellers Back to Thailand
By Jared Heng As part of its Thailand Recovery Plan, Marriott International is launching an aggressive plan to entice travellers back to Thailand. The move comes amid reports of travellers’ lingering concerns that the political unrest, which plagued the nation’s capital earlier this year, would continue to dampen their holiday plans to visit the country....
