IMPRESSION CITY BY END 2017

Yong Tai Berhad : bullish on Impression City
     
02/24/2016 | 03:12 am
KUALA LUMPUR: YONG Tai Bhd expects its RM5.4 billion project in Malacca to generate net profit margin of 20 per cent, which would help to sustain the company’s earnings in the long term.

The garment maker-turned-property developer, which has been loss- making for several years, expects to return to the black this year with contribution coming from the real estate sector.

The company, which has pockets of developments in the Klang Valley and Johor, is planning to develop Impression City on a 47.03ha site in Malacca.

The project would be developed in 11 phases and over 10 years, said its executive director Boo Kuang Loon.

Construction for Phase 1 would start in the third quarter of this year and feature retail and commercial units, said Boo at a luncheon hosted by MIDF Amanah Investment Bank Bhd, here, yesterday.

It is expected to have a gross development value of RM1.1 billion,

The catalyst for the commercial-led Impression City is the Impression Melaka performing arts theatre, to be built on the 47.03ha site.

Construction of Impression Melaka, the jewel of the company, will start next month at a cost of RM300 million and includes land acquisition. The opening is slated for end-2017.

Boo said although Impression Melaka required a huge capital investment, the returns would be long term and attractive.

It would take two years to construct and the projected returns would start from 2018 onwards, he added.

With 15 million tourists visiting Malacca annually, Yong Tai hopes to attract at least 1.1 million visitors to Impression Melaka, with 40 per cent coming from China.

The company is also targeting visitors from Southeast Asia (30 per cent), Asia (20 per cent) and the rest from the Middle East, Europe and the United States.

“With two shows a day and tickets priced at RM120 per person, we are poised to achieve a revenue of RM140 million a year, including the sale of souvenirs and merchandise. For this business, we are targeting a profit margin of 50 per cent. This would net us a profit of around RM60 million a year.

“There are many more upsides, such as increasing the ticket prices and having up to four shows a day. This is the potential of Yong Tai in the future,” said Boo.

“For the next two years we are at the investing stage and would generate profits. But the profits would not be much to give dividends,” he said.

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Asia Pacific Ironman Langkawi

Asia Pacific Ironman Langkawi

Date : 14th November, 2015

Ironman is triathlon’s marquee challenge and the world’s most captivating and testing single day endurance test consisting of a 3.8km swim, a 180km cycle and a 42.2km run. Ironman has been a respected name in triathlon since its inception 31 years ago and is regarded as the pinnacle of the sport.

In 2012, more than 124,000 athletes from across the globe compete for slots at the prestigious Ironman World Championships held every October in Kailua-Kona, Hawaii. There are 31 Ironman Triathlon races throughout the world that enable qualification for 2012 Ironman World Championships. The Ironman qualifying events for 2012 include 9 races in Europe, 14 races in North America, 1 race in South America, 5 races in Oceana and 2 races in Africa. WTC moving into new direction by to have only 2 exclusive full distance races in Asia, one race in North Asia and one race in South Asia beginning 2013.

Venue
Langkawi, Kedah

Organiser
IRONMAN Asia – Pacific
A-17-G, Jaya One
72A, Jalan Universiti
Petaling Jaya, 46200 Selangor
Malaysia

Contact Person
Melissa Stephens

Phone
+6017-6866 501

Fax
+603-7960 2231

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RFC-Rainforest Challenge

RFC-Rainforest Challenge

Date : 27 November 2015 – 07 December 2015

 

The RFC is an off-road 4×4 event which is among the world’s top ten toughest motor races. It takes place annually from end Nov to early Dec. Every year, it attracts the bravest of the land daredevils from Europe to Asian to face the odds in the jungle for 10 days braving the mud, rain, steep uphill, downhill undulating terrain plus the wrath of Mother Nature from the monsoon. An extraordinary event for extraordinary adventurers set in an extraordinary season, the monsoon. Event also open for Media Touring Adventurers.

Venue

Seremban , Port Dickson, Gemas, Kuala Pilah Jelebu (Negeri Sembilan)

Organiser

RFC (Rainforest Challenge) International

No 6-2, 2nd Floor, Jalan 1/76 C

Desa Pandan

55100 Kuala lumpur

Malaysia

Phone

03-9200 8908 , 012-211 7080

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Tourism Malaysia at WTM2015 to Promote Malaysia

 

Tourism Malaysia at WTM 2015 London to Promote Malaysia

The Minister of Tourism and Culture Malaysia Dato’ Seri Mohamed Nazri Abdul Aziz is leading a delegation to promote the country’s tourism offerings and tour packages at the 36th World Travel Market (WTM) London. The four-day business-to-business exhibition for the global travel and tourism industry begins today at ExCel, Docklands.

The Malaysian delegation is comprised of 84 members from 44 organisations, including travel agents, hotels, and airlines, as well as state tourism agencies, namely Tourism Promotional Division Melaka. Tourism Perak, Pesona Terengganu, Penang Global Tourism, Sabah Tourism Board, Sarawak Tourism Board, Langkawi Development Authority (LADA) and Putrajaya Cooperation. The Malaysian delegation will take advantage of this excellent platform to reach out to industry players, media, and travellers here.

WTM 2015 marks the 32nd year of Tourism Malaysia’s participation in the prestigious event since it began in 1983, which reflects the country’s commitment in attracting more travellers from London and Europe to its shores. The event, deemed the most important travel fair in the European market, is the main platform for Malaysia to promote its tourism offerings and introduce its new and upcoming tourist attractions to British and European travellers.

Through its participation in the event, Tourism Malaysia aims to raise and maintain Malaysia’s image as a top tourism destination in the region, besides strengthening its promotional efforts in UK, particularly London. It will also meet and forge closer relationship with industry players from UK and Europe to get their support to sell packages to Malaysia.

Earlier today, Dato’ Seri Mohamed Nazri launched a Taxi Wrap Campaign as part of Tourism Malaysia’s promotional efforts in conjunction with WTM 2015. Throughout November, a total of 80 taxis in London are wrapped with visuals of the country’s attractions, such as culture, nature, and beach.

Besides that, the Tourism Culture Minister is scheduled to attend the “UNWTO WTM Minister’s Summit 2015” on 3 November to share Malaysia’s tourism experience through a panel discussion on “Destination Branding: New Challenges in a Changing Market”.

In the evening, Tourism Malaysia will be hosting a cocktail reception at Malaysia Pavilion to thank the industry players in UK and Europe for their support, as well as to network and forge a closer relationship with them.

To ensure the continuous growth of arrivals from UK and Europe, the participation of Tourism Malaysia in this event will strengthen the relationship and increase cooperation with British and European industry players and media to ensure a high awareness and market presence of Malaysia.

A total of 445,789 British tourists visited Malaysia in 2014 compared to 413,472 tourists in 2013, signifying a 7.8% increase.

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Malaysian Tourism Minister Visits France

The Malaysian Tourism and Culture Minister, YB Dato’ Seri Mohamed Nazri Aziz made a visit to Paris for a trade luncheon meeting with selected French tour operators and trade media for a working trip to Milan. Dato’ Seri Nazri updated the French tour operators and journalists on the latest tourism developments in Malaysia, French tourist arrivals to the country, and MYFEST 2015. France is the second highest tourist generating market from Europe to Malaysia after the United Kingdom.

The French tour operators who have been supporting Malaysia were happy that the lunch meeting gave them an opportunity to have first-hand information on tourism in Malaysia.  They also shared with the Minister about French outbound trends, travel behaviours and assured the Minister of their support to continue selling Malaysia.

Warm Welcome to Deauville

The Minister visited the city of Deauville, located just 2 hours away from Paris. Upon arrival, the Minister received a warm welcome from the city’s Deputy Mayor, Dominique Merlin.

Located in the region of Lower Normandy, Deauville has been successful in attracting top leisure clientele and world-class events. Deauville has long been home to French high society’s seaside houses and is often referred to as the Parisian Riviera.

Arts in the Garden – Monet

A visit to the Garden and House of Claude Monet in Giverny, the second most visited place in Normandy, inspired Dato’ Seri Nazri to see how arts and gardens contributed greatly to tourism. Also on the programme was a visit to Tourism Malaysia Paris office, whereby the Minister was briefed on the French market performance and promotions of Malaysia in France by the director of Tourism Malaysia Paris, Mr Abdul Rahim Haron.

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