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Garuda Indonesia Group books Net Income of US$9.35 Million for 2016, Maintaining Positive Performance

March 24, 2017 Financial No Comments

National airline PT Garuda Indonesia (Persero) Tbk (GIAA.JK) and its subsidiaries maintained positive performance throughout 2016 with a net profit of US$9.36 Mil, or the equivalent of IDR 124.5 Bil (exchange rate IDR 13.300 per US$), while carrying a total of 35 Mil passengers on both Garuda Indonesia and Citilink Indonesia. … Continue Reading

Fiji Airways Group Announces Record Profit of $84.5 Million FJD in 2016

March 24, 2017 Financial No Comments

The Fiji Airways Group is proud to announce a record profit of $84.5 million (Fijian Dollars), earned during the fiscal year that ended December 31, 2016. … Continue Reading

Travel Money Oz Recommences Trade in Indian Rupee

March 22, 2017 Financial No Comments

Australia’s leading foreign currency retailer Travel Money Oz has recommenced trade in the Indian Rupee (INR) following restrictions of trade brought about by the Reserve Bank of India’s decision to demonetise certain bank notes in November 2016. … Continue Reading

Miramar Hotel and Investment Company, Limited Announces 2016 Annual Results

March 22, 2017 Financial No Comments

Miramar Hotel and Investment Company, Limited (“Miramar” or “the Group”) (HKSE stock code: 71) announced today the annual results for the year ended 31 December 2016. … Continue Reading

Record F$84.5m Profit for Fiji Airways Group

March 17, 2017 Financial No Comments

The Fiji Airways Group achieved its biggest pre-tax profit ever during the fiscal year that ended December 31, 2016, a total of F$84.5 million. … Continue Reading

Latam Airlines Group Reports A 10.5% Improvement in Operating Income and Net Income of Us$69.2 Million for Full Year 2016

March 17, 2017 Financial No Comments

MANAGEMENT COMMENTS ON FOURTH QUARTER 2016

The year 2016 was challenging for LATAM, with weakening regional economies and recession in Brazil, devalued local currencies and high inflation rates in certain countries. … Continue Reading

Mastercard and Eko-Pay to Accelerate Digitization of B2B Payments in Asia Pacific with Eko-B2B

March 17, 2017 Financial No Comments

Recognizing the growing opportunity and need to help digitize business-to-business (B2B) transactions, Mastercard today announced its partnership with Eko-Pay to introduce Eko-B2B, a new best-in-class digital payment solution for businesses in Asia Pacific. … Continue Reading

SWISS reports EBIT of CHF 429 million for 2016

March 17, 2017 Financial No Comments

Swiss International Air Lines (SWISS) maintained operating income at its prior-year level in the 2016 business year, and achieved further high earnings before interest and taxes (EBIT) which, at CHF 429 million, were also broadly in line with the prior-year result (2015: CHF 453 million). … Continue Reading

41 Million Merchants Worldwide Choose UnionPay

March 16, 2017 Financial No Comments

Latest data show that more than 41 million merchants and over 2 million ATMs across 160 countries and regions accept UnionPay cards. Over 10 million online merchants based outside mainland China support UnionPay Online Payment. … Continue Reading

Belmond Ltd. Reports Fourth Quarter and Full Year 2016 Results

March 2, 2017 Financial No Comments

Belmond Ltd. (NYSE:BEL) (the “Company”), owners, part-owners or managers of 47 luxury hotel, restaurant, tourist train and river cruise properties, including two scheduled for future opening, which operate in 23 countries, today announced its results for the fourth quarter and full year ended December 31, 2016. … Continue Reading

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