Tata Group eyes Myanmar Vietnam as future markets

first_imgSeven companies of the Tata Group would focus on Myanmar and Vietnam as viable markets to expand its business. Growing economies, expanding middle class and tax incentives have made these two countries as important destinations for firms looking to expand their global operations in the South East Asia region.Tata companies such as Tata Power, Tata Projects, Tata Chemical, Titan and Tata Motors, among others, are on the lookout for opportunities in Vietnam and Myanmar. For the giant business group, Singapore is the related country for Asean markets, which includes a $2 trillion economy, The Economic Times reported on Feb. 9.Asean countries include Indonesia, the Philippines, Singapore, Thailand, Brunei, Myanmar, Laos, Vietnam and Cambodia.”The demographics and the economic development stage of these countries represent a market for several products and services from the Tata Group,” a Tata Sons spokesperson told the publication.India’s oldest business conglomerate has an understanding each in Vietnam and Myanmar for power projects. It is now planning to strengthen its engagement with a strategic point of view.”The region has recorded more than 5% GDP growth on average since the year 2000 and, when combined, Asean nations would represent the world’s seventh-largest economy. The region, is therefore, regarded by many as the third pillar of economic growth within Asia, after China and India,” Shashank Tripathi, partner and strategy leader at PwC was quoted as saying by the publication.Vietnam reportedly signed a free trade agreement with the European Union on Dec. 2, 2015. The country, which is set to become global trade partner for the US, the EU and China in exports, makes it important strategic partner for India.A joint statement by India and Myanmar on the first meeting of the India-Myanmar Joint consultative commission held in July 2015 stated that both sides of the concerned ministries would work towards expeditious signing of the MoU on capacity building between the RBI of India and the Central Bank of Myanmar. The MoU took note of the proposal the Indian government had put forward of granting license to an Indian Bank to open its branch in Myanmar.last_img read more

Panchagarh road crash kills minor injures 10

first_imgA child was killed and ten others injured as a bus collided head-on with a truck in Buraburi area on the Panchagarh-Tetulia highway on Tuesday, reports UNB.The deceased is Limon, son of Belal Hossain resident of Khutaganj village of Shalbahan union. He was only three and half years of old.Among the injured, freedom fighter Hasan Ali Mia, 75, Khalek, 28, bus driver Reza, 38, truck driver Saddam, 30, Ripon, 20, Zakir, 35, and Khabirul, 40 were rushed to Rangpur Medical College Hospital.The accident took place when a Panchagarh-bound bus of Zahin Enterprise collided head-on with a Tetuila- bound truck, leaving Limon dead on the spot and injuring others, said Tetulia fire service acting in-charge Sirajul Islam.last_img read more

Are your clients impacted by Dreams La Romana closures Heres the list

first_img FORT LAUDERDALE — Renovations are on the way for the soon-to-be-rebranded Dreams La Romana and that means closures to certain sections of the resort, however the enhancements will be phased in over time and by section to ensure minimum disruptions for guests.Dreams La Romana will get its new name, Hilton La Romana, an All-Inclusive Resort on Nov. 20.In a deal announced last week and reported on Travelweek.ca, the strategic alliance between Hilton and Playa Hotels & Resorts will introduce Hilton La Romana, an All-inclusive Resort, and Hilton Playa del Carmen, an All-inclusive Resort, adding 1,269 new Hilton guest rooms to its existing global portfolioAs part of the transaction Playa Hotels & Resorts is taking over management of Dreams La Romana. Playa Hotels & Resorts has been the owner of Dreams La Romana while it was managed by AMResorts.Also part of the deal, The Royal Playa del Carmen will become Hilton Playa del Carmen, an All-inclusive Resort.The agreement between Playa Hotels and Hilton also includes the potential for the conversion and management of 8 additional resorts by 2025.Following the rebranding Dreams La Romana will undergo a soft goods room renovation, says Froemming.More news:  Onex paying big to get WestJet and that will send airfares soaring, says CWTThe first phase of renovations will close the adult-only section on Dec. 1, 2018 and scheduled to reopen on May 1, 2019.On May 1, 2019, the family section will close with expected reopening date of Dec. 1, 2019.“While certain elements will be closed during the renovation, we will maintain a variety of sophisticated and casual outlets and cuisines. Throughout the change in management, the majority of the staff that you have come to know, and love will also remain. The concept of Preferred Club accommodations will also remain,” says Kevin Froemming, Executive VP and Chief Marketing Officer, Playa Hotel & Resorts.Upon completion on Dec. 1, 2019, the resort will consist of an age restricted section for guests 18 and over and a family friendly section designed for guests of all ages.Here are details regarding future bookings:Guests who have booked stays before Dec. 1, 2018 will not be impacted.Guests booked in the Adult-Only section from Dec. 1, 2018 to April 30, 3019 can be accommodated in the all ages section or have the option to relocate to another Playa Hotels & Resorts adult-only resort/section including Dreams Punta Cana; Dreams Palm Beach; Jewel Paradise Cove; Jewel Dunn’s RiverFamilies booked in the All Ages section from May 1, 2019 to Dec. 1, 2019 can be accommodated at a Playa Hotels & Resorts family friendly resort including Dreams Punta Cana; Dreams Palm Beach;  Jewel Runaway Bay; Panama Jack Resorts Cancun; and Panama Jack Resorts Playa del CarmenAdult guests booked in the family sections from May 1, 2019 to Dec. 1, 2019 will be accommodated in the adults only section or have the option to relocate to another Playa Hotels & Resorts adult-only resort/section including Dreams Punta Cana; Dreams Palm Beach; Jewel Paradise Cove; and Jewel Dunn’s River.Guests also have the option to cancel their booking and reschedule once the resort reopens should they choose to do so.Existing wedding and group bookings will be honored as is.More news:  Transat calls Groupe Mach’s latest offer “highly abusive, coercive and misleading”Agents who have any additional questions regarding rebooking are asked to contact their Playa sales representative or customerservice@playaresorts.com. Monday, September 24, 2018 Share Posted by << Previous PostNext Post >>center_img Are your clients impacted by Dreams La Romana closures? Here’s the list of reno dates Tags: Dreams Resorts & Spas, Hilton, Openings & Renovations Travelweek Group last_img read more