Latest news with #RWS
New Straits Times
6 days ago
- Business
- New Straits Times
Genting's Q1 earnings plunge to RM4.5mil versus RM588.7mil a year ago
KUALA LUMPUR: Genting Bhd's net profit tumbled to RM4.57 million in the first quarter to March 31 2025 from RM588.87 million a year ago. Group revenue stood at RM6.51 billion, down 12 per cent from the previous year's corresponding quarter of RM7.43 billion. Genting attributed the lower revenue mainly to the leisure and hospitality division. The group's adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) for Q1 2025 of RM1.99 billion was lower than the RM2.57 billion posted in Q1 2024. The strengthening of the ringgit against Singapore dollar, pound sterling and US dollar partly contributed to the lower group revenue and Ebitda. Genting said Resorts World Sentosa (RWS) recorded lower revenue and profit. "The results for Q1 2025 was affected by a lower VIP rolling win rate and the temporary closure of Hard Rock Hotel for renovation and rebranding works, which led to a reduction in available room inventory. "RWS' performance was also weaker in comparison with Q1 2024 where Singapore saw stronger visitorship and tourism spending during the Chinese New Year festive season along with the relaxation of visa regulations between China and Singapore in February 2024." Resorts World Genting (RWG) recorded lower revenue over 1Q24, due to the timing of the festive season and lower business volumes in the premium players segment in Q1 2025. Revenue from the group's leisure and hospitality businesses in the United Kingdom and Egypt was lower due to strengthening of the ringgit against pound sterling. However, a lower Ebitda was recorded primarily due to higher operating and payroll related expenses in Q1 2025. The leisure and hospitality businesses in the United States of America and Bahamas included the inancial results of Resorts World New York City (RWNYC), Resorts World Bimini (RW Bimini) and Resorts World Las Vegas (RWLV). Revenue recorded by RWNYC was lower due to stronger ringgit against the US dollar. RWLV's revenue and Ebitda were impacted by lower hold percentage and lower visitation compared with the record visitation benefited from NFL Super Bowl event in Q1 2024. Hotel occupancy and average daily rate in Q12025 were 82.3 per cent and US$274 respectively compared with 89.1 per cent and US$298 in Q1 2024. Genting said its performance for the remaining period of the 2025 financial year may be impacted by the global economic conditions and market volatility. "In Malaysia, economic growth is expected to expand at a slower pace as heightened geopolitical tensions continue to weigh on both domestic and global sentiments. "Despite ongoing global uncertainties, demand for international tourism is expected to remain resilient, although recovery is anticipated to be uneven across regions. Consequently, the regional gaming market may face increasing challenges," it added. In Malaysia, the group remains focused on enhancing RWG's appeal as a regional tourism hub by introducing new facilities and attractions, including new ecotourism experiences at Genting Highlands. "Celebrations to commemorate the Genting Group's 60th anniversary are underway, featuring a variety of special events, promotions and activities designed to engage visitors and enrich their experience at RWG," it added.
Yahoo
28-05-2025
- General
- Yahoo
Singapore Oceanarium opens 23 Jul with 22 zones
Marine fans, 'what-er' are you waiting for? The Singapore Oceanarium, the expanded version of the former S.E.A. Aquarium, will open its doors on 23 Jul, said Resorts World Sentosa (RWS), which owns and manages the aquarium, in a press statement on 26 May. 3 times larger than its predecessor, the facility reimagines the ocean experience, spanning space (from shallow waters to the deep sea) and time (from prehistoric to the current day). Guests will embark on a journey across 22 purposefully designed zones that guide visitors from curiosity to commitment, forging a powerful emotional bridge with our marine world. Guests will traverse rich thematic environments, including Ocean Wonders, containing one of the world's largest Kreisel aquariums that houses thousands of moon jellies, and Singapore's Coast, where mangrove-inspired landscapes spotlight native biodiversity. Before departing, guests can round off their visit at the Singapore Oceanarium Store, said RWS. This marine-themed retail space offers a curated selection of marine-inspired apparel, educational books, and keepsakes crafted by sustainable brands. The store also serves as a platform for seasonal capsule collections and pop-ups by local brands. Accredited by the Association of Zoos and Aquariums and holding membership of both the World Association of Zoos and Aquariums and the Southeast Asian Zoo and Aquarium Association, Singapore Oceanarium has forged partnerships with top academic institutions. These include a 5-year applied research collaboration with the National University of Singapore and a 2-year research collaboration with the Earth Observatory of Singapore at Nanyang Technological University on climate resilience and marine conservation, said RWS. Adjacent to the Singapore Oceanarium is the Research and Learning Centre. The space supports the oceanarium's mission to further education, marine research and conservation. Equipped with learning labs, collaborative workspaces, seminar rooms and a rooftop event space, the centre enhances Singapore Oceanarium's educational offerings and provides advanced facilities for scientists and researchers to conduct valuable research, said RWS. As a certified Green Mark Platinum Zero Energy building that uses solar power and smart design, the centre also reflects the oceanarium's dedication to environmental sustainability. Further details on programmes and ticketing prices will surface soon on the Singapore Oceanarium website, so look out for them (and book your tickets before 23 Jul). We tried Singapore's best-rated fish soup The post Singapore Oceanarium opens 23 Jul with 22 zones appeared first on
AsiaOne
26-05-2025
- AsiaOne
Singapore Oceanarium, formerly S.E.A. Aquarium, to open on July 23 with expanded experiences and research centre
The former S.E.A. Aquarium located at Resorts World Sentosa (RWS) is coming back after nearly three months of closure for renovation works — this time as the new Singapore Oceanarium. Slated to open to the public on July 23, the new attraction will be three times larger than its predecessor — with 22 immersive experience zones allowing guests to explore marine life across various depths and time, announced RWS on Monday (May 26). Some examples include Ocean Wonders — a thematic zone that houses thousands of moon jellies (a type of jellyfish) and Singapore's Coast — a mangrove-inspired zone with interactive habitats that highlight our nation's local biodiversity. Over at Ancient Waters and Conquering Land, visitors can explore the evolution of some of these marine creatures with life-sized prehistoric animals and living fossils. Another highlight is Open Ocean — a 36m-wide viewing panel where Reef Manta Rays and Zebra Sharks swim freely among other marine life. As for F&B and retail options, there's Explorer's Nook — a themed cafe with light bites, pastries and trinkets inspired by aquatic life, as well as Singapore Oceanarium Store — where shoppers can find a selection of ocean-inspired apparel, books and other souvenirs created by sustainable brands. There will also be seasonal pop-ups and capsule collections happening at the store. Not just an attraction In addition to being a recreational attraction, Singapore Oceanarium is also an institute dedicated to the education, research and conservation of underwater life — being accredited by the Association of Zoos and Aquariums and holding membership in the World Association of Zoos and Aquariums and Southeast Asian Zoo and Aquarium Association. The institute has also partnered with the National University of Singapore (NUS) for a five-year applied research collaboration and Nanyang Technological University's (NTU) Earth Observatory of Singapore for a two-year research collaboration on climate resilience and marine conservation. In fact, there's even a Research and Learning Centre located right next to the oceanarium. Some facilities at the centre include immersive learning labs, collaborative workspaces, seminar rooms and a rooftop event space for scientists and researchers to conduct research and drive marine science outreach. According to Lam Xue Ying, vice president of the Singapore Oceanarium, the transition from the former S.E.A. Aquarium to the new oceanarium-cum-institute has been "years in the making". She said: "We are dedicated to inspiring a new generation of ocean stewards by taking ocean education and interactive storytelling to the next level, through naturalistic habitats and immersive technology. "Supported by academic partnerships, international accreditations and memberships, as well as our new Research and Learning Centre, we're furthering our commitment to marine conservation, research and education." According to RWS, details on ticket prices and programmes for Singapore Oceanarium will be released soon. [[nid:718022]]
West Australian
22-05-2025
- Business
- West Australian
RWS-certified wool demand rises exponentially in recent months, fetching more than 100c/kg premiums
Global demand for ethically-produced wool has risen exponentially during the past six months, with fleeces certified through the Responsible Wool Standard fetching premiums of more than 100c/kg. And industry experts expect premiums to continue to rise as demand, particularly from Eastern Europe, continues to build. Westcoast Wool and Livestock broker Justin Haydock said RWS-certified wool fetched an average premium of 6.5 per cent above the market, with specific clips showing up to 11.46 per cent premiums during the last RWS sale on April 30 — selling week 44. 'Total average price difference over 100 bales was $10,500,' he said. 'I've got another clip here that offered 41 bales, averaged 9.75 per cent above the market, and total price difference was 6k. 'Another clip here: 67 bales, $10,000 and an average 11.46 per cent above the market. 'And another clip here was a larger clip, but they did have lower yielding wool with with high vegetable matter, but that's still average 6.2 per cent above the market, 200 bales, and total price difference of 22,000 there.' Mr Haydock said the stats are based on sold prices versus AWEX quotes on the day for particular lines of wool. The RWS is a voluntary standard — established by international non-for-profit Textile Exchange — which requires all sites, from wool farms to the seller, to be certified. Farmers are evaluated against animal welfare, land management and social requirements to meet the standard, and all wool has to be produced from non-mulesed sheep. Mr Haydock said he was conducting private RWS sales catalogues to offer larger volumes, which buyers preferred. 'We've identified that buyers really like the opportunity to bid on volume,' he said. 'They're not force to take a position on the wool themselves. They can fill orders straight away, get it straight onto a ship and delivered to mills.' Mr Haydock said low-yielding, high VM wools are heavily discounted in the auction marketplace however, RWS certification mitigates this discount. 'Looking forward, I think demand is only going to increase,' he said. 'Surprisingly, we've actually seen people drop away from the AWS. 'There could potentially be more growers start to sign up again now that the premiums are starting to increase but I think the demand will outweigh volume at the end of the day.' Fremantle Wool Trading managing director John Bradbury said while there was financial benefit in being RWS certified and there was 'certainly a demand in Europe', many farmers simply 'can't be bothered with it'. 'The complexity of it drives everyone mad — it's clunky,' he said. 'Non-mulesed is almost impossible to find and it's harder and harder to find RWS wool.' In week 46, May 14, the national offering was 30,931 bales, with 7529 were declared non-mulesed or ceased mulesing.
Associated Press
19-05-2025
- Business
- Associated Press
Language Services Market Outlook & Global Forecast Report 2025-2030, Competitive Analysis of Key Vendors - Iyuno, LanguageLine Solutions, Lionbridge Technologies, RWS, TransPerfect, Welocalize
DUBLIN--(BUSINESS WIRE)--May 19, 2025-- The 'Language Services Market - Global Outlook & Forecast 2025-2030" report has been added to offering. The Language Services Market was valued at USD 53.91 billion in 2024, and is projected to reach USD 72.18 billion by 2030, rising at a CAGR of 4.98%. The global language services market is a highly fragmented and competitive industry due to the presence of various players. The language services market is primarily shaped by large multinational language service providers and mid-sized regional firms, each competing on different aspects such as pricing, technology integration, service quality, and industry expertise. The global language services market is led by a few major global players such as TransPerfect, Lionbridge Technologies, RWS, LanguageLine Solutions, Iyuno, and others which leverage economies of scale, extensive linguistic networks, and proprietary technology to maintain their competitive edge. These companies have made significant investments in AI, machine translation, and automation to improve efficiency and reduce costs. Mid-sized players, including Seprotec Multilingual Solutions, provide a balance between scalability and personalized service, often differentiating themselves through industry specialization or strong regional presence. APAC holds the most significant share of the global language services market, accounting for over 45% in 2024. In APAC, rapid economic growth, increased cross-border trade, and digital expansion have created immense opportunities for translation and localization, particularly in China, Japan, India, and South Korea. China's stringent regulatory landscape requires specialized linguistic services, while India's booming IT and media industries fuel localization needs. Furthermore, in North America, particularly the U.S. and Canada, the language services market is driven by a high demand for translation, localization, and interpretation services due to the region's multicultural population and globalized business environment. Europe follows closely, remaining one of the most mature language service markets. Countries like Germany, France, the UK, and Spain play a significant role, with the European Union's multilingual policies and regulatory requirements fueling demand for high-quality translations across legal, financial, and public sectors. While Western Europe is home to well-established Language Service Providers, Eastern European nations such as Poland have become key outsourcing hubs, offering cost-effective solutions and access to a strong talent pool. Meanwhile, Latin America is experiencing steady growth due to expanding e-commerce, media content consumption, and trade agreements with global partners. Brazil and Mexico are key players in the region's language service market, with a growing demand for Spanish and Portuguese translations, particularly in legal, financial, and entertainment industries. The Middle East and Africa region presents unique challenges and opportunities, with Arabic being a dominant language in business, government, and media, while Africa's linguistic diversity drives demand for translation in sectors like education, health, and NGOs. The UAE and Saudi Arabia are hotspots for legal and business translations due to international investments and tourism, while South Africa serves as a strategic hub for African language services. MARKET TRENDS & OPPORTUNITIES Rise of AI and Machine Translation AI translation technology has been a game-changer in the language services market for years, with advancements making a significant impact on translation quality, speed, and cost-effectiveness. This revolution continues to reshape the industry due to the power of Neural Machine Translation (NMT), which enhances translation accuracy and fluency. By combining the efficiency of AI with the contextual understanding of human experts, translation services now offer a balance of speed, precision, and reliability. Language service providers are collaborating with AI developers to create AI-powered localization and automation tools. This improves speed and reduces costs while maintaining quality. For instance, in October 2024, RWS expanded its collaboration with AWS through a multi-year Strategic Collaboration Agreement to develop generative AI-powered language and content solutions. This partnership aims to enhance efficiency in content creation, translation, and delivery. RWS is already working with AWS on 25 new product features and proofs of concept. By providing innovative solutions, these companies can improve client retention and satisfaction. Rising Use of Social Media & Online Content Social media localization tailors content to fit the cultural, linguistic, and regional preferences of target audiences. It goes beyond translation, focusing on cultural nuances, local trends, and audience behaviors. This approach can boost brand engagement, with 72% of engagement occurring on localized web pages. Localizing content helps make messages more relatable, increasing effectiveness and driving action. In addition, nearly 50% of millennials prefer influencer recommendations over traditional ads. Translating social media content leverages this influence and helps create a culturally relevant experience, fostering stronger, lasting connections with a global audience. As of October 2024, there were 5.22 billion social media users, making up 63.8% of the global population. With the emergence of social media platforms such as Facebook, Twitter, Instagram, LinkedIn, and TikTok, businesses and content creators can connect with audiences in different parts of the world. These platforms facilitate the creation and distribution of content on an unprecedented scale, thus generating demand for language services to ensure this content reaches its global audience and supports the language services market growth. INDUSTRY RESTRAINTS Shortage of Skilled Linguists The shortage of skilled linguists is a growing issue that has profound implications for industries ranging from government services to private companies, academia, and the broader global communication landscape. The demand for qualified linguists has surged in recent years, driven by globalization, technological advancements, and the increasing need for cross-cultural communication. This shortage is particularly pronounced in fields that require specific linguistic expertise, such as translation for legal, medical, and diplomatic contexts, as well as in emerging fields like machine learning and AI language development. In 2024, in India, the National Institute for Career Service (NICS) published a report, as per an international report, there would be a requirement of more than 1.6 million foreign language experts in the coming two decades. As businesses, governments, and individuals become more interconnected internationally, India could experience a heightened need for translation, interpretation, and linguistic consulting services across various languages. This would drive growth in the language services market as companies and organizations seek to bridge communication gaps, particularly in emerging markets. Recent Developments in the Global Language Services Market Key Attributes: Premium Insights Market Overview Market Opportunities & Trends Market Growth Enablers Market Restraints Key Company Profiles Other Prominent Vendors For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/19/2025 08:17 AM/DISC: 05/19/2025 08:16 AM
