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Mencast Wins “Top Companies to Work for in Asia” at Asia Corporate Excellence & Sustainability Awards 2014

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SINGAPORE, Nov. 27, 2014 /PRNewswire/ — Mencast Holdings has been recognised as one of the “Top Companies to Work for in Asia” at the Asia Corporate Excellence & Sustainability Awards 2014 (“ACES Awards 2014”).

“We are incredibly proud to be named one of the Top Companies to Work for in Asia,” said Mr. Glenndle Sim, Chairman and CEO of Mencast. “This recognises the spirit of partnership and teamwork of all Mencast employees and it’s an honor to accept this award on their behalf.”

“The culture of Mencast is for our staff to fully engage and treat customers as partners. Along with our Service Principles of technical expertise, seeking solutions, valuing teamwork and long term relationships, this creates an environment that increases work quality, job satisfaction and customer service,” added Mr Glenndle Sim.

About the “Top Companies to Work for in Asia” Award 

The “Top Companies to Work for in Asia” award endorses the human resource initiatives undertaken by award winners as being worthy of international recognition, and have resulted in the organization as being well respected and a recognised talent advocate in its industry.

The ACES Awards 2014 recognises leadership excellence in Corporate Social Responsibility in the areas of Human Resources, Sustainability and Community Care.

About Mencast

Mencast Holdings is a regional maintenance, repair and overhaul (“MRO”) solutions provider for the global Offshore, Oil & Gas and Marine sectors. Listed on SGX, Mencast is the first and only company in the region to service the entire energy cycle from exploration to production, distribution, maintenance and environmental remediation.

Along with recording eight consecutive years of record earnings, Mencast has won numerous awards such as the “The Enterprise Award” at the Singapore Business Awards 2014, “Best Managed Board” (Gold) in its category of companies under $300 million in market capitalization at the Singapore Corporate Awards 2013 and “Innovation Luminary Award” at the Channel NewsAsia Luminary Awards 2013.

For more information please see http://www.mencast.com.sg.

Contacts:

Jojo Alviedo
Chief Financial Officer

David Leow
Chairman of Corporate Strategy and Communications Committee, Board of Directors
Tel: 65 6268 4331
E-mail: info@mencast.com.sg

Source: Mencast Holdings Ltd.

Written by asiafreshnews

November 30, 2014 at 9:23 pm

Posted in Uncategorized

Occlutech Launches ASD and PFO Occluders in South Korea

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JENA, Germany /PRNewswire/ —

Occlutech, a leading European innovator of products to treat structural heart disease today announced that it is making its range of PFO and ASD occluders available on the South Korean market.

Tor Peters, CEO of the Occlutech Group, commented: “We are very pleased to provide patients and cardiologists in South Korea with our unique and innovative products. With our local partner, we are now creating a presence with sales and clinical specialists all over South Korea.”

Occlutech products are already available throughout Asia-Pacific and sold in countries such as Australia, New Zealand & Taiwan. During the next few years, approvals are expected in Japan and China.

Occlutech’s PFO and ASD occluders consist of a flexible Nitinol wire mesh with “shape-memory” properties. The implants are available in different configurations, multiple sizes, and can accommodate a broad range of anatomies.

About Occlutech

Occlutech is a global leader in developing innovative products for the treatment of structural heart disease. The Company sells and markets ASD, PFO, PLD and PDA occluders, as well as a range of specialized occlusion devices and accessories in well over 80 markets around the world. Occlutech operates facilities in Germany,Turkey and Sweden. For additional information please visit our website at http://www.occlutech.com.

Source: Occlutech
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November 28, 2014 at 4:25 pm

Posted in Uncategorized

ThyssenKrupp Develops the World’s First Rope-free Elevator System to Enable the Building Industry Face the Challenges of Global Urbanization

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ESSEN, Germany  /PRNewswire/ —

The era of the rope-dependent elevator is now over, 160 years after its invention. ThyssenKrupp places linear motors in elevator cabins, transforming conventional elevator transportation in vertical metro systems. MULTI elevator technology increases transport capacities and efficiency while reducing the elevator footprint and peak loads from the power supply in buildings. Several cabins in the same shaft moving vertically and horizontally will permit buildings to adopt different heights, shapes, and purposes. The first MULTI unit will be in tests by 2016.

(Photo: http://photos.prnewswire.com/prnh/20141127/718185-a )
(Photo: http://photos.prnewswire.com/prnh/20141127/718185-b )

Presented today, MULTI is ThyssenKrupp’s latest offering representing a landmark revolution in the elevator industry and a new and efficient transport solution for mid and high-rise buildings. In a manner similar to a metro system operation, the MULTI design can incorporate various self-propelled elevator cabins per shaft running in a loop, increasing the shaft transport capacity by up to 50% making it possible to reduce the elevator footprint in buildings by as much as 50%.

Building design will no longer be limited by the height or vertical alignment of elevator shafts, opening possibilities to architects and building developers they have never imagined possible.

Commenting on this momentous breakthrough in the company’s history of innovations at the global headquarters of ThyssenKrupp in Essen, Germany, Andreas Schierenbeck, CEO of ThyssenKrupp Elevator AG said, “As the nature of building constructions evolve, it is also necessary to adapt elevator systems to better suit the requirements of buildings and high volumes of passengers. From the one dimensional vertical arrangement to a two dimensional horizontal/vertical arrangement with more than one or two cabins operating in each shaft, MULTI represents a proud moment in ThyssenKrupp’s history of presenting cutting-edge transport technologies that best serve current mobility needs”.

More information available here: http://www.thyssenkrupp-elevator.com/Presse-Informationen.50.0.html?&L=1

Picture is available via epa european pressphoto agency ( http://www.epa.eu/ ) and can be downloaded free of charge at: http://ots.de/CTdgQ

Michael Ridder
Head of Media Relations
ThyssenKrupp Elevator AG
Phone: +49-201-844-563054
E-mail: michael.ridder@thyssenkrupp.com

Source: ThyssenKrupp Elevator AG

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November 28, 2014 at 4:18 pm

Posted in Uncategorized

MyanmarWater 2014 Event Thrives on Water Industry and Advances to a Larger Venue in 2015

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YANGON, Myanmar  /PRNewswire/ — MyanmarWater 2014, Myanmar’sNo. 1 International Water Supply, Sanitation, Water Resources, Energy Efficiency and Purification Event, received an over 30% increase in visitors compared to its inaugural standalone event in 2013. The event was held from 22 – 24 October 2014 at the Tatmadaw Exhibition Hall in Yangon, Myanmar. It was officiated by the Chief Minister of Yangon Region, H. E. U. Myint Swe alongside with U. Win Khaing, President of Myanmar Engineering Society (MES) and General Tan Sri Dato Seri Panglima Mohd Azumi (Rtd), Co-Chairman of UBM Malaysia as well as witnessed by H. E. U. Nyan Tun Oo, Yangon Region Minister for Electricity and Industry and other Yangon region ministers who welcomed 113 exhibitors across 3,000 sqm.

Ribbon Cutting Ceremony by H. E. U. Myint Swe (Chief Minister of Yangon Region), U. Win Khaing (President of MES), General Tan Sri Dato Seri Panglima Mohd Azumi (Rtd) (Co-Chairman of UBM Malaysia)
Ribbon Cutting Ceremony by H. E. U. Myint Swe (Chief Minister of Yangon Region), U. Win Khaing (President of MES), General Tan Sri Dato Seri Panglima Mohd Azumi (Rtd) (Co-Chairman of UBM Malaysia)
Exhibition Hall View & Crowd
Exhibition Hall View & Crowd

Banking off the success of the second edition of MyanmarWater, growth and local industry demand, MyanmarWater 2015 will move to a bigger venue at Myanmar Event Park (MEP), Yangon held from 16 – 18 September. This venue can accommodate approximately 5,000 sqm to meet the growing participation interest from companies in the segment of wastewater treatment. “The Myanmar Engineering Society (MES) welcomes and supports MyanmarWater to benefit our members and local community. We would like to commend UBM for their initiative in organising this major water industry show in Myanmar,” says U. Win Khaing, President of MES.

Expanding the event and launching two co-located shows in Myanmar which are Renewable Energy, an event that showcase products and services from various segments, and REVAC, a show for heating, ventilation, air conditioning and refrigeration.

“Given the importance of water for the long term development of the newly emerging country, the people inMyanmar have recognised and placed Sustainable Water Management and Environment as the foundation of industrial development,” says Mr. M. Gandhi, UBM Asia’s Managing Director of ASEAN Business. “We are co-locating Renewable Energy and REVAC along with MyanmarWater to help the country in developing and strengthening its infrastructure by bringing extended business opportunities with the support of Myanmar Engineering Society (MES).”

Visitor online registration starts in March 2015 but for interested parties who wish to exhibit in third edition of MyanmarWater, booking and enquiry are now open. Kindly visit www.myanwater.com for more information.

Notes to Editors: About UBM Asia (www.ubmasia.com)

Owned by UBM plc and listed on the London Stock Exchange, UBM Asia is Asia’s leading exhibition organiser and the biggest commercial organiser in mainland China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and the US, UBM Asia has a strong global presence in 25 major cities with 30 offices and over 1,400 staff.

With a track record spanning over 30 years, UBM Asia operates in 21 market sectors with 160 dynamic face-to-face exhibitions, 75 high-level professional conferences, 28 targeted trade publications, 18 round-the-clock vertical portals and virtual event services for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks. UBM is the global professional organization behind the successful Asia Water Series namely ASIAWATER, VietWater, Water Philippines and Thai Water.

UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 11 offices in the major cities in mainland China, including Beijing,Shanghai, Guangzhou, Hangzhou, Chengdu and Shenzhen, where we organise more than 60 exhibitions and conferences. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnamand the Philippines with over 50 events in the region. UBM India teams in Mumbai, New Delhi, Bangalore,Chennai and Hyderabad organise 20 exhibitions and 60 conferences every year across the country.

Photo –  http://photos.prnasia.com/prnh/20141126/8521407099-a
Photo –  http://photos.prnasia.com/prnh/20141126/8521407099-b
Logo –  http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg
Logo – http://photos.prnasia.com/prnh/20141126/8521407099LOGO

Source: UBM Asia (Malaysia)

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November 28, 2014 at 4:13 pm

Posted in Uncategorized

Express Rail Link & Changchun Railway Ink Agreement for Purchase of New Trains

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KUALA LUMPUR, Malaysia /PRNewswire/ — Rail Business Asia congratulates Express Rail Link Sdn. Bhd. (ERL) who has successfully signed an agreement with Changchun Railway Vehicles Co. Ltd. (CRC) for the purchase of six additional new trains to cater to the ridership growth of both KLIA Ekspres and KLIA Transit services.

(from L-R) Pn Noormah Mohd Noor - ERL CEO, YB Datuk Seri Panglima Abdul Azeez Abdul Rahim - Chairman, Lembaga Tabung Haji, YBhg Tan Sri Mohd Nadzmi Mohd Salleh - Executive Chairman - ERL, YB Dato' Seri Jamil Khir Baharom - Minister in Prime Minister's Department, YB Dato' Sri Liow Tiong Lai - Minister of Transport, Mr Wang Run - Chairman CRC, His Excellency Huang Huikang - China Ambassador in Malaysia, YBhg Dato' Yeoh Seok Hong - Executive Director, YTL Corporation Berhad and Mr Zhou Chuanhe - Deputy General Manager/GM for Overseas Sales, CRC.
(from L-R) Pn Noormah Mohd Noor – ERL CEO, YB Datuk Seri Panglima Abdul Azeez Abdul Rahim – Chairman, Lembaga Tabung Haji, YBhg Tan Sri Mohd Nadzmi Mohd Salleh – Executive Chairman – ERL, YB Dato’ Seri Jamil Khir Baharom – Minister in Prime Minister’s Department, YB Dato’ Sri Liow Tiong Lai – Minister of Transport, Mr Wang Run – Chairman CRC, His Excellency Huang Huikang – China Ambassador in Malaysia, YBhg Dato’ Yeoh Seok Hong – Executive Director, YTL Corporation Berhad and Mr Zhou Chuanhe – Deputy General Manager/GM for Overseas Sales, CRC.

 

Tan Sri Mohd Nadzmi Mohd Salleh exchanging document with Mr Wang Run, witnessed by Dato' Sri Liow Tiong Lai, Minister of Transport Malaysia.
Tan Sri Mohd Nadzmi Mohd Salleh exchanging document with Mr Wang Run, witnessed by Dato’ Sri Liow Tiong Lai, Minister of Transport Malaysia.

 

YB Dato' Sri Liow Tiong Lai receiving KLIA Ekspres train model from Tan Sri Mohd Nadzmi Mohd Salleh.
YB Dato’ Sri Liow Tiong Lai receiving KLIA Ekspres train model from Tan Sri Mohd Nadzmi Mohd Salleh.

 

 

Signing the agreement was ERL Executive Chairman YBhg Tan Sri Mohd. Nadzmi Mohd. Salleh and Mr. Wang Run, the Chairman of CRC. This momentous event was witnessed by the Honourable Minister of Transport, YB Dato’ Sri Liow Tiong Lai.

In his speech Tan Sri Mohd. Nadzmi said, “With the opening of the new low-cost carrier terminal in KLIA2 in May this year, our total ridership has grown by 40% to-date compared to the same period last year. The fast 33-minute journey between KLIA2 and KL Sentral Station on the KLIA Ekspres at the same one-way fare of RM35 has made it the preferred choice for air travellers.

“The growth of key townships along our rail corridor has also been a contributing factor as we see more and more people opting to commute by KLIA Transit to work. With the increased load factor, there are certainly a lot of new challenges and business potentials for ERL.”

Tan Sri Mohd. Nadzmi also said that CRC was selected to supply the new trains in view of the company’s excellent track record, experience and proven ability to provide trains that met ERL’s requirements and specifications. Most importantly, the trains will be compatible with ERL’s current rail system. He added that ERL was fortunate to have the vision to have chosen an open system, and that foresight of using standard gauge track allowed ERL to select any rolling stock from anywhere in the world. Hence, today, ERL can select the very best trains from manufacturers in China to run on its tracks.

Out of the six trains purchased from CRC, two trains will be allocated for KLIA Ekspres and the remaining four will be for KLIA Transit. Each train set will have four cars and will operate at a cruising speed of 160 kilometres per hour. The trains are expected to be progressively delivered to ERL starting in May 2016. All trains will be operated and maintained by ERL’s skilled operations and maintenance subsidiary, ERL Maintenance Support Sdn Bhd (E-MAS).

Meanwhile, Dato’ Sri Liow said, “I am pleased to see that since its inception, ERL has consistently delivered dependable service of the highest standards. ERL did not just introduce cutting-edge technology and infrastructure; much more importantly, it introduced a new mindset which its people have applied with success, and values which we as a nation must learn to internalise, such as punctuality, speed, efficiency and dependability.” He also commended ERL on its use of open standards as it promotes an open infrastructure and systems, which in turn promote openness and improves connectivity.

The Minister added that as Malaysia’s population is expected to hit 35 million by the year 2020, Malaysia will undergo greater urbanization in the upcoming years. Thus, the GTP Urban Public Transport National Key Results Area emphasises the need to raise public transport modal share in urban areas from the current 17% to 25% by 2015; and to 40% modal share by 2030.

About Express Rail Link

Express Rail Link (ERL) is the operator of KLIA Ekspres and KLIA Transit high-speed train services that connectKuala Lumpur International Airport (KLIA & KLIA2) and the city. The non-stop 57-km journey on KLIA Ekspres between KL Sentral and KLIA takes only 28 minutes. Passengers can also take a 3-minute ride between KLIA2 and KLIA. The KLIA Transit service stops at three intermediate stations, Bandar Tasik Selatan, Putrajaya & Cyberjaya and Salak Tinggi. The total journey time between KL Sentral and KLIA2 is 39 minutes. ERL is proud to have maintained an impeccable 99.7% on-time service performance.

ERL has received numerous awards at the prestigious Global AirRail Awards which included the Best Customer Service Award for KLIA Ekspres VIP Service (2011), Personality of the Year for Noormah Mohd Noor, Chief Executive Officer of ERL (2011), the coveted North Star AirRail Link of the Year (2012) and the Environmental Commitment Award in 2013. ERL was once again named AirRail Link of the Year at the Global AirRail Awards 2014 in Oslo. ERL won the Best Human Capital Management Award (Rail Industry) at the LPT Symposium 2013 Industry Awards and recently won the Best Operator – Intercity & Urban Rail Award LPT Symposium Gala Dinner 2014 awarded by Suruhanjaya Pengangkutan Awam Darat (SPAD). ERL welcomed its 50 millionth passenger inMarch 2014.

About Changchun Railway Vehicles Co. Ltd

Changchun Railway Vehicles Co. Ltd. (CRC), founded in 1954 is the leading IRIS and ISO certified passenger rolling stock manufacturer in China. It is dedicated to passenger railway vehicle engineering, manufacturing and maintenance utilizing its world-class facilities and sophisticated rolling stock expertise. CRC’s diversified product portfolio includes metro trains, light rail vehicles, monorail, passenger coaches, commuter trains and high speed trains with service speed ranging from 80kph up to 380kph. CRC’s products dominate the majority of the domestic passenger railway vehicle market and additionally, more than 5,000 vehicles are now serving over ten international clients worldwide including Hong Kong, Australia, Brazil and Saudi, Argentina, New Zealand,Thailand, Iran, Ethiopia and many more. CRC was recently awarded 284 cars Red & Orange Line project contract from MBTA Boston in October 2014.

About RAIL BUSINESS ASIA (www.railbusinessasia.org)

RAIL BUSINESS ASIA 2015 co-hosted by Land Public Transport Commission (SPAD) and Construction Industry Development Board Malaysia (CIDB) is the thought leadership platform of Asia’s fast growing rail industry. It is a strategic event dedicated to delivering the latest in market insights, development projects and innovation, as well as in-depth dialogues from authorities, asset owners, operators and solution providers. In addition, the RAIL BUSINESS ASIA 2015 exhibition will showcase the latest technological advancements and provide a hub for networking and knowledge-sharing. RAIL BUSINESS ASIA 2015 is organized by UBM Asia (Malaysia).

Photo – http://photos.prnasia.com/prnh/20141127/8521407131-a
Photo – http://photos.prnasia.com/prnh/20141127/8521407131-b
Photo – http://photos.prnasia.com/prnh/20141127/8521407131-c
Logo – http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg
Logo – http://photos.prnasia.com/prnh/20141127/8521407131LOGO

Source: UBM Asia (Malaysia)

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November 28, 2014 at 4:06 pm

Posted in Uncategorized

DHL Delivers Temperature-Sensitive Shipments for the Year-End Peak Holiday Season via China-Europe Rail Network

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– Rail services continue to run as usual during the winter season with unique temperature-controlled multimodal service to ship temperature-sensitive goods throughout harsh winters, where temperatures are at an average of -20C
— Innovative solution leverages efficient and cost-effective trans-continental West rail route, from Chengdu, China to Lodz, Poland
— Customers gain flexible, reliable service that is cheaper than air freight, and faster than ocean freight

SINGAPORE, Nov. 27, 2014 /PRNewswire/ — DHL Global Forwarding, leading provider of air, sea and road freight services in Europe and Asia, has seen increased take up for its temperaturecontrolled rail solution along China’s West Corridor fromChengdu to Europe. With temperatures at an average of -20C during winter, DHL Global Forwarding offers, apart from normally equipped containers for general cargo, a unique temperature-controlled solution for temperature-sensitive goods moving by rail from China to Europe, so that its cargo rail schedules run normally.  In individually powered DHL containers, the temperature of goods can be maintained, tracked and modified, where necessary.

Using the fastest rail connection between China and Europe, DHL’s temperature-controlled rail solution runs weekly along China’s West Corridor from Chengdu, China to DHL’s intermodal hub in Małaszewicze and Lodz,Poland. Chengdu is one of the most important distribution centers in western China given its role as a hub for the electronics, manufacturing and pharmaceutical industries and currently houses 262 Fortune 500 companies.

Customers using DHL’s multimodal door-to-door solution enjoy services that are cheaper than air freight; yet is faster than ocean freight with delivery time reduced to half.  This innovative solution is well-positioned to not only meet seasonal peak demands but growing demands of customers who look for reliable, cost-effective alternatives in shipping solutions.

Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific, said, “We are seeing an increase in demand across all modes of transport ahead of the year-end holiday season in particular, the temperaturecontrolled transportation option is especially useful for temperature-sensitive goods, such as certain electronics and high tech products . This multimodal service also offers a seamless solution connecting China’s manufacturers to retailers in Europein a smooth and timely manner, ensuring that holiday merchandise arrive in time at retail stores.”

“We launched this precise climate control rail solution earlier in the year after rigorous trials and tests.  Customer interest in this innovative service has been robust. During the winter season where average temperatures can dip to -20C and more along the rail route, customers can pre-define the temperatures for their shipments in the exact range of -25C to 25C.  Our customers with temperature-sensitive cargo can now be assured their goods are in good hands, even during severe winters.”

In the winter season where sub-zero temperatures are prevalent along China’s West Corridor throughKazakhstan to Europe, DHL’s temperature-controlled rail solution ensures temperature-sensitive goods are transported in optimal conditions regardless of the ambient freezing temperature. DHL’s temperature-controlled containers are individually powered and offer customers the flexibility of controlling, tracking and modifying temperatures remotely through an advanced track and trace system which also allows customers to be aware of their shipment’s precise location.

-END-

DHL — The logistics company for the world

DHL is the global market leader in the logistics and transportation industry and “The logistics company for the world”. DHL commits its expertise in international express, national and international parcel delivery, air and ocean freight, road and rail transportation as well as contract and e-commerce related solutions along the entire supply chain. A global network composed of more than 220 countries and territories and around 315,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their shipping and supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenue of more than 55 billion Euros in 2013.

Logo – http://www.prnasia.com/sa/2010/09/02/20100902467742-l.jpg

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November 28, 2014 at 12:29 pm

Posted in Logistics

Dorsett Hospitality International Announces 2014/15 Interim Results

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HONG KONG, Nov. 26, 2014 /PRNewswire/ — The board of directors of Dorsett Hospitality International Limited (HKEx Stock Code 2266) announces the unaudited condensed consolidated results for the six months ended 30 September 2014 as follows:

Financial Highlights

  • Revenue declined 34.4% to HK$714.6 million due to the inclusion of HK$498.4 million of revenue from the sales of apartments in Singapore in the comparative period of last year.
  • Recurring Revenue from the hotel operations reached HK$704.9 million, an increasingly stronger growth of 20.5% compared to HK$584.8 million reported in the same period of last year, primarily due to the increased room count and the stronger LFL Revenue per available room (“RevPAR”).
  • Net profit declined 80.3% to HK$65.0 million due to the inclusion of net profit from the sales of apartments inSingapore and the revaluation gains on investment properties in the same period last year.
  • Earnings per share was HK3.1 cents, 81.2% lower compared to the same period of last year.
  • RevPAR improved marginally by 0.4% to HK$563 driven by 0.5% increase on Average Room Rate (“ARR”) to HK$753, while the Occupancy Rate (“OCC”) decreased marginally by 0.1% compared to the same period of last year.
  • On a LFL basis, RevPAR increased by 2.2% to HK$573 largely due to increase of 1.5% on ARR and a marginal increase of 0.5% point on OCC.

The board has declared an interim dividend of HK2 cents per share for the six months ended 30 September 2014.

In reviewing the Group’s performance, Ms Winnie Chiu, President and Executive Director of Dorsett Hospitality International Limited, said, “Global economic uncertainties will continue affecting the travel industry in the near term. Despite these uncertainties, travel industry is expected to continue growing in the near term, driven by the increasing outbound travelers from the emerging markets, in particular the PRC, while in the medium term, on the back of the improving economic conditions, outbound travelers from the advanced economies are expected to return to positive growth.”

She added, “Despite the challenges and uncertainties, the Group remains optimistic in the global travel industry and our ‘Chinese Wallet’ strategy. The Group is fully committed to our well defined and proven business model to develop, own and operate our hotels.”

As at the end of September 2014, the Group operates and manages 6,544 rooms of which 6,043 rooms are owned and 501 rooms are managed. With the current development pipelines, including both self-owned and management hotels, the Group’s hotel room inventories will exceed 8,600 by the end of FY2017. These new hotels are expected to generate significantly larger cash flow stream for the Group.

– End –

www.dorsett.com

About Dorsett Hospitality International

Headquartered in Hong Kong, Dorsett Hospitality International (HKEx Stock Code 2266), is a spin-off from Far East Consortium Limited. With three brands under its umbrella ….the upscale and midscale Dorsett Hotels & Resorts and d.Collection comprising a range of charismatic boutique hotels; and the value-led Silka Hotels; the group currently owns and manages 30 hotels in China, Hong Kong, Singapore, Malaysia and United Kingdom; with eight more openings within the next two years in China, Hong Kong, Malaysia and United Kingdom. For more information on Dorsett Hospitality International, visit: www.dorsett.com.

Dorsett Hospitality International – Media Contact

Kattie Hoo
Director of Marketing and Communications
T: +6016 2011 340
E: kattie.hoo@dorsett.com

KahPeng Loke
Communications Manager
T: +6016 2011 343
E: kahpeng.loke@dorsett.com

Y Yuen
Public Relations Manager
T: +852 6223 0100
E: yohji.yuen@dorsett.com

Source: Dorsett Hospitality International

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November 27, 2014 at 1:53 pm

Posted in Uncategorized