Global Tourism Elites Gather for "Night of Hainan"
Overseas tour operators at the 'Night of Hainan'
SANYA, CHINA – Media OutReach Newswire – 9 June 2025 – On June 7, more than 450 global tourism industry representatives met in Sanya, China, for the Night of Hainan Tourism Promotional Event, where they learned about the province's tourism and cultural resources.At the event, guests were amazed by Hainan's natural beauty and cultural legacies showcased in the promotional video. They engaged in in-depth discussions on hot topics, including the latest visa-free policy for citizens from 85 countries, the opening of international air routes, and payment facilitation measures.According to the Hainan Department of Tourism, Culture, Radio, TV, and Sports, Hainan's visa-free policy for 59 countries, combined with China's mutual visa exemption policy with 27 countries and unilateral visa waiver policy for 47 countries, allows ordinary passport holders from 85 countries to enter Hainan without a visa.Tata Yam, director of Malaysian tour operator Tata Inn Holiday, said, "These policies have significantly reduced the cost of travel for international tourists, especially for the family vacationers.""Hainan has holiday facilities and an environment that are not inferior to those in other regions, and activities like this help everyone to gain a deeper understanding of the province's tourism and culture," said Jijo Madhavappallil, managing director of Ashin City Tours and Travels. Optimistic about Hainan's tourism potential, he added, "I believe that we can jointly develop more attractive products and bring new travel experiences to global tourists."During the event, guests will explore various parts of Hainan, conducting on-site inspections of its tourism resources, including tropical rainforest ecosystems, duty-free shopping facilities, and coastal resort amenities.The Hainan Department of Tourism, Culture, Radio, TV, and Sports expressed enthusiasm for sharing the opportunities and achievements of Hainan's Free Trade Port tourism and cultural sectors with global tourism industry partners. The goal is to foster mutual cultural and tourism exchanges, enabling international visitors to discover, understand, and embrace Hainan.Hashtag: #NightofHainan
The issuer is solely responsible for the content of this announcement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Global issues cloud 2H25 IPO outlook
PETALING JAYA: The initial public offering (IPO) market, which started the year on a subdued note, faces an uncertain second half (2H25) as weak market sentiment, global headwinds and poor earnings season continue to dampen investor appetite. A market watcher says the outlook for IPOs in 2H25 hinges on several unresolved global issues – including the outcome of potential US reciprocal trade tariffs expected in July, US-China trade tensions and the timing of a US interest rate cut, if any. 'The market sentiment isn't good. Last year, about 80% to 85% of IPOs performed well post-listing. 'This year, it's the complete opposite – nearly 80% have traded below their offer prices,' Tradeview Capital chief executive officer and founder Ng Zhu Hann told StarBiz. 'So, what changed? Largely, to me, it is – of course – market fatigue, fund flows, and also because the global situation has made a lot of investors, whether local, institutional, foreign funds or even local retail investors, very risk-averse. 'A lot of people are holding on to their cash rather than participating in the equity market.' Domestically, Ng said a lacklustre corporate earnings season has added to investor caution. To-date, 28 companies have been listed on Bursa Malaysia this year, with Paradigm Real Estate Investment Trust making its debut yesterday. Another three are expected to list by end-June – Ping Edge Technology Bhd (June 13), Cuckoo International (M) Bhd (June 24) and Pan Merchant Bhd (June 26) – bringing the first-half total to 31 IPOs. This puts Bursa Malaysia slightly past the halfway mark of its full-year target of 60 IPOs, but Ng warned that delays and repricings suggest growing caution among potential debutants. 'We've already seen two or three companies pushing back their listings,' said Ng. 'Several IPOs also revised their offer prices downward.' Cuckoo, which was initially scheduled to list on April 30, deferred its debut to June 24 due to 'near-term market challenges'. Its IPO price was also reported to have been revised to RM1.10 per share from RM1.29 previously, although this has yet to be confirmed by the company. Eco-Shop Marketing Bhd, which has since listed, similarly trimmed its IPO price to RM1.13 from RM1.21 before going public. Whether Bursa Malaysia hits its target of 60 listings this year now depends not just on pipeline readiness – but on whether the broader market gives debutants a reason to come forward. Across the shore, Singapore is taking a markedly different approach to reinvigorate its equity market. In February, the Monetary Authority of Singapore or MAS rolled out a bold S$5bil Equity Market Development Programme to boost liquidity on the Singapore Exchange by investing through selected fund managers focused on actively managed strategies targeting local small and mid-cap stocks. This is complemented by tax exemptions on fund manager income 'derived from funds investing substantially in Singapore-listed equities', a narrowed Global Investor Programme to channel more capital into listed equities, and expanded research grants to improve coverage and investor engagement in the equity market.
Free Malaysia Today
2 hours ago
- Free Malaysia Today
Petronas job cuts in line with industry norms, says Shahril
Petronas president and group CEO Tengku Muhammad Taufik Aziz said last week the company would cut about 10% of its workforce in a company-wide restructuring exercise. (Reuters pic) PETALING JAYA : Petronas' decision to lay off 5,000 workers is in line with the challenging global situation in the oil and gas industry, says a former economic director in the Prime Minister's Office (PMO). In the latest episode of the Keluar Sekejap podcast, Shahril Hamdan also said Petronas's move was apt considering the national oil company's revenue per employee (RPE), which he said stood at RM6 million in 2015. 'The RPE of Petrobras is US$2 million to US$3 million… and Pertamina's is around US$1.5 million to US$2 million,' he said, referring to the state-owned oil companies of Brazil and Indonesia respectively. 'So there is a need for Petronas to be more optimal.' Shahril also said the public had to accept the fact that the oil and gas landscape had changed over the years. He said it was clear that Petronas – or any other oil and gas company – would have to evolve from the 1990s, when exploration costs were much lower. Shahril also said other large oil and gas companies had taken steps to reduce their workforce although their production levels might not have dipped. He said this was especially evident in the United States, which has seen a drop in oil and gas industry workers despite production still at a high level. 'However, the number of workers required has indeed decreased,' he said. 'So there is 'productivity gain', which is indeed normal in this industry.' A former Umno information chief, Shahril was an economic director in the PMO under former prime minister Ismail Sabri Yaakob. Last Thursday, Petronas president and group CEO Tengku Muhammad Taufik Aziz said the company would cut about 10% of its workforce in a company-wide restructuring exercise that was aimed at reducing costs due to falling crude prices. He said Petronas expects to reduce its headcount by more than 5,000 people and freeze hiring until December 2026. Deputy prime minister Fadillah Yusof later said Petronas's restructuring exercise was due to global challenges and was not linked to its dispute with Sarawak's state-owned gas aggregator, Petroleum Sarawak Bhd. Petronas has promised to support employees affected by the exercise, including by offering competitive separation packages.
The Star
3 hours ago
- The Star
Ghana hosts forum on China-Africa cooperation in EV manufacturing
ACCRA, June 10 (Xinhua) -- The 2025 China-Africa Automotive Development Forum was held Tuesday in Ghana to discuss opportunities for China-Africa cooperation in electric vehicle (EV) production. The forum, co-hosted by the Confucius Institute of the Kwame Nkrumah University of Science and Technology and Hubei University of Automotive Technology, took place in Kumasi, the West African country's second-largest city. Themed "Intelligent Manufacturing of Lightweight EVs," the forum brought together experts, policymakers, investors, and engineers from China and African countries to discuss the necessity and feasibility of EV development in Africa's automotive industry in the future. Li Yang, minister-counselor of the Chinese Embassy in Ghana, said Africa always remains a priority in China's overall diplomatic strategy, as it is an emerging continent that drives global economic growth. "Regardless of changes in the international landscape, China's commitment to Africa remains unwavering, and China's dedication to jointly advancing industrialization with Ghana remains persistent," Li said. Seth Mahu, director in charge of renewable energy at the Ghanaian Ministry of Energy and Green Transition, said in a statement that Ghana has laid the groundwork for the manufacture of EVs with policy support. "Partnership with China through technology transfer, joint ventures, and training can accelerate our progress exponentially. This forum must be a bridge between Ghana and China to share ideas on implementation, ambition, and achievement," Mahu added.
