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- 1. NagaCorp Reports 73% Increase in Net Profit
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NagaCorp Reports 73% Increase in Net Profit. NagaCorp, one of the largest leisure and entertainment gaming companies in Phnom Penh, Cambodia, has reported a net profit increase of 73% for the year ending 31 December 2010. Net profit for the fiscal year 2010 rose by 73% to approximately US$44.1 million, compared to US$25.5 million in 2009. Gross profit margin rose to 71% from 60%; w
- 2. NagaCorp Holds Ground Breaking Ceremony for Naga2 Development
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NagaCorp, the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony on Wednesday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, the Naga2 expansion project will feature two 5-star hotel blocks, a gaming and entertainment complex, a theatre, luxury shopping bou
- 3. NagaWorld in Phnom Penh to Add 250 Gaming Machines
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NagaWorld in Phnom Penh to Add 250 Gaming Machines. NagaWorld, an indirect wholly-owned subsidiary of NagaCorp, has entered into a joint venture agreement with Zhiyou International, an independent third party Chinese investor, for Zhiyou to supply and place 250 electronic gaming machines in an entertainment area called NagaWorld Music Café located on the first floor of the hotel w
- 4. 137 Pillars House in Chiang Mai Opens New Restaurant - Palette
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137 Pillars House Chiang Mai has opened an new restaurant called Palette. Palette is located in the hotel’s original teak homestead which dates back to the 1800’s. The restaurant seats up to 20 diners, while an additional 16 diners can be accommodated in the intimate Wine Cellar and private open air verandah. The restaurant can also be booked exclusively for private functions and s
- 5. Hansar Appoints Indra Budiman as CEO
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Indra Budiman has been appointed as Chief Executive Officer of Hansar Hotels Group. Mr Budiman has spent the last 20 years working in the luxury hospitality industry at properties such as Sheraton Bandung, Le Meridien Singapore, Four Seasons Jakarta, The Empire Hotel and Country Club Brunei and Hotel de la Paix in Siem Reap.
- 6. Korean Air Adds its Third SkyTeam Livery Aircraft to Fleet
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Korean Air unveiled its third SkyTeam livery aircraft earlier this week. Korean Air’s third SkyTeam livery aircraft that presented itself is a Boeing 737-800. The newly wrapped aircraft with a configuration of 149 seats will operate short-haul routes including China, Japan and South East Asia.
- 7. Costa Crociere Appoints New SVP and CFO
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Beniamino Maltese has been promoted to the position of Senior Vice President & Chief Financial Officer of Costa Crociere (Costa Cruises). In his role, reporting directly to Michael Thamm, CEO of Costa Crociere, Maltese coordinates and manages – together with his 120-people staff – activities related to accounting, treasury, control, taxation and legal matters for the Costa and Iber
- 8. Etihad Cargo Reports Impressive Growth for October 2012
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Etihad Cargo, a division of Etihad Airways, carried a record 32,500 tonnes of freight in October 2012, a 15% increase on the same month last year. The figure is 2.2% higher than September 2012, when the airline carried 31,800 tonnes.
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