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KBRA Assigns BBB- Preliminary Rating to the San Bernardino County Transportation Authority Toll Revenue Second Lien Obligation, 2019 TIFIA Series

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Kroll Bond Rating Agency (KBRA) assigns preliminary rating of BBB- to the San Bernardino County Transportation Authority (SBCTA) Toll Revenue Second Lien Obligation, 2019 TIFIA Series, which evidences the loan of up to $225 million from the United States Department of Transportation to the SBCTA. The TIFIA loan constitutes federal project credit assistance under the Transportation Infrastructure Finance and Innovation Act for the I-10 Corridor Contract 1 Project (the Project) located in San Bernardino County, California.

The TIFIA loan will have second-lien priority in project revenues. The interest rate will be set at closing at the 30-year U.S. Treasury State and Local Government Series rate plus 0.01%. The actual maturity of the TIFIA loan is limited to the earlier of 35 years after substantial completion of the Project (currently projected for July 2023) or December 1, 2057. Interest and principal on the TIFIA loan will be paid semiannually. The TIFIA loan will fully amortize by the projected maturity date, meaning there is no refinancing risk in the transaction. Proceeds of the TIFIA loan will be used to fund a portion of design-build and other costs for the Project, which are currently estimated at $928 million. Other funding sources for these costs include SBCTAs Measure I sales tax revenue, sales tax revenue bonds issued in relation thereto, and various federal and state funds and grants. Debt service coverage ratios for the TIFIA loan average 1.80x under KBRAs rating case and stressed assumptions KBRA used in analyzing project cash flows include higher construction and O&M costs, and lower traffic volumes.

The Project consists of the design-build, operations, and maintenance of improvements to approximately 10 miles of the I-10 corridor, in particular the construction of one to two tolled express lanes in each direction from the Los Angeles County line eastward to the I-15/I-10 interchange. The Project traverses the cities of Montclair, Upland, and Ontario. The Project is expected to reduce congestion for motorists using I-10, a critical link to and from Los Angeles County, San Bernardino County, and Orange County.

SBCTA is partnering with the California Department of Transportation and the Federal Highway Administration in the implementation of the Project and to ensure that Project development is in compliance with all applicable federal laws and regulations. Other key project participants include Lane-Security Paving Joint Venture as design-build contractor, TransCore LP as toll services provider, Parsons Transportation Group Inc. as program manager and independent engineer, HNTB Corporation as project and construction management consultant, and CDM Smith Inc. as traffic and revenue consultant.

KBRA analyzed the transaction using the Global Project Finance Rating Methodology published on November 28, 2017. KBRA will review the final operative agreements and legal opinions for the transaction prior to closing.

The preliminary rating is based on information known to KBRA at the time of this publication. Information received subsequent to this release could result in the assignment of a final rating that differs from the preliminary rating.

Preliminary Rating Assigned: San Bernardino County Transportation Authority Toll Revenue Second Lien Obligation, 2019 TIFIA Series

             
Debt Instrument     Rating/Outlook     Initial Principal Balance
Toll Revenue Bonds     BBB-/Stable     $225,000,000
       

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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

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Fraport Traffic Figures 2020: Passenger Numbers Fall to Historic Low Due to the Covid-19 Pandemic

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Massive passenger slump recorded at Frankfurt Airport and Fraport's Group airports worldwide – Relatively low decline in FRA's cargo volumes  

FRANKFURT, Germany, Jan. 18, 2021 /PRNewswire/ — FRA/gk-rap – Frankfurt Airport (FRA) welcomed some 18.8 million passengers in 2020, representing a decrease of 73.4 percent compared to 2019. With the outbreak of the Covid-19 global pandemic, Frankfurt Airport started to experience a major decline in passenger traffic in mid-March 2020. Between April and June, traffic almost came to a complete standstill – with weekly passenger figures plummeting by up to 98 percent year-on-year. Following a slight traffic recovery in the third quarter of 2020, a new rise in coronavirus infection rates led to intensified travel restrictions. This resulted in passenger numbers falling sharply once again in September and remaining low for the rest of the year. 

Fraport AG's executive board chairman, Dr. Stefan Schulte, commented: “The year 2020 brought extreme challenges to the entire aviation industry. In Frankfurt, passenger volumes dropped to a level last seen in 1984. Cargo traffic was one of the few bright spots, reaching almost the same level as in 2019 – despite the loss of “belly freight” capacity on passenger aircraft. Aviation played a vital role in ensuring the supply of essential medical goods to the world's population, particularly during the first lockdown.”

Aircraft movements at Frankfurt Airport contracted by 58.7 percent year-on-year to 212,235 takeoffs and landings in 2020. Accumulated maximum takeoff weights (MTOWs) shrank by 53.3 percent to about 14.9 million metric tons. In comparison, cargo throughput (airfreight + airmail) registered a relatively minor dip of only 8.3 percent year-on-year to just under 2.0 million metric tons.

In December 2020, FRA's passenger traffic slumped by 81.7 percent to 891,925 travelers. With 13,627 takeoffs and landings, aircraft movements declined by 62.8 percent compared to December 2019. MTOWs were down 53.6 percent to about 1.1 million metric tons. Cargo throughput grew by 9.0 percent to 185,687 metric tons in December 2020, rising for the third consecutive month.

Looking forward, CEO Schulte said: “Because of the recent launch of vaccination programs throughout many countries, we are optimistic that travel restrictions will be gradually lifted beginning in the spring.  Therefore, we expect Frankfurt's passenger traffic to rebound noticeably in the second half of 2021. Nevertheless, we have to realize that a difficult year lies ahead of us. While we are confident passenger traffic will exceed last year's level, we still expect Frankfurt to reach only 35 to 45 percent of the 2019 level.”

Fraport's international portfolio also hit by sharp traffic declines  

Across the Group, the airports in Fraport's international portfolio also recorded a sharp decline in passenger traffic during 2020. However, the Covid-19 pandemic impacted the individual Group airports to varying degrees over the months. At times, regular passenger operations were even suspended at some airports (Ljubljana, Antalya and Lima). In addition, wide-ranging travel restrictions affected most of the Group airports beginning in the spring.

Traffic at Slovenia's Ljubljana Airport (LJU) fell by 83.3 percent last year to 288,235 passengers (December 2020: down 93.7 percent). The Brazilian airports of Fortaleza (FOR) and Porto Alegre (POA) together received about 6.7 million passengers, representing a 56.7 percent decrease year-on-year (December 2020: down 46.2 percent). Peru's Lima Airport (LIM) reported a 70.3 percent slide in traffic to around 7.0 million passengers (December 2020: down 61.6 percent).

Serving a total of about 8.6 million passengers in 2020, the 14 Greek regional airports experienced a 71.4 percent plunge in traffic (December 2020: down 85.3 percent). Combined traffic at the Twin Star airports of Varna (VAR) and Burgas (BOJ) on the Bulgarian Black Sea coast decreased by 78.9 percent to about 1.0 million passengers (December 2020: down 69.7 percent).

Antalya Airport (AYT) in Turkey registered a 72.6 percent decline in traffic to about 9.7 million passengers (December 2020: down 69.8 percent). Last year, Russia's Pulkovo Airport (LED) in St. Petersburg saw traffic drop by 44.1 percent to about 10.9 million passengers (December 2020: down 38.5 percent). Xi'an Airport (XIY) in China achieved a slight recovery in the course of the year, following a strong reduction in traffic during the spring. In 2020, XIY registered about 31.0 million passengers – a 34.2 percent decrease year-on-year (December 2020: down 14.8 percent).

Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library on the Fraport Web site. For TV news and information broadcasting purposes only, we also offer free footage material for downloading.  If you wish to meet a member of our Media Relations team when at Frankfurt Airport, please do not hesitate to contact us. Our contact details are available here.

 

Fraport AG

Dana Selin Kröll

Telephone: +49 69 690 31403

Corporate Communications

E-mail: [email protected]

Media Relations

Internet: www.fraport.com

60547 Frankfurt, Germany

Facebook: www.facebook.com/FrankfurtAirport

For further information about Fraport AG please click here.

 

 

Fraport Traffic Figures

December 2020

Fraport Group Airports1

December 2020

Year to Date (YTD) 2020

Fraport

Passengers

Cargo*

Movements

Passengers

Cargo

Movements

Fully-consolidated airports

share (%)

Month

Δ %

Month

Δ %

Month

Δ %

YTD

Δ %

YTD

Δ %

YTD

Δ %

FRA

Frankfurt

Germany

100.00

891,794

-81.7

182,568

8.9

13,627

-62.8

18,768,601

-73.4

1,914,285

-8.5

212,235

-58.7

LJU

Ljubljana

Slovenia

100.00

5,422

-93.7

1,143

11.0

686

-61.4

288,235

-83.3

10,559

-7.1

12,980

-58.8

Fraport Brasil

100.00

782,592

-46.2

6,111

-25.1

7,952

-38.3

6,718,048

-56.7

51,528

-39.8

70,809

-48.5

FOR

Fortaleza

Brazil

100.00

361,676

-47.7

3,494

-32.4

3,662

-34.7

3,156,418

-56.3

29,356

-39.3

32,897

-44.9

POA

Porto Alegre

Brazil

100.00

420,916

-44.8

2,617

-12.5

4,290

-41.1

3,561,630

-57.1

22,172

-40.4

37,912

-51.2

LIM

Lima

Peru

80.01

768,959

-61.6

18,422

-28.4

7,673

-54.9

7,017,414

-70.3

190,365

-29.8

73,255

-63.0

Fraport Regional Airports of Greece A+B

73.40

102,623

-85.3

471

-29.9

3,036

-56.2

8,611,780

-71.4

5,330

-29.9

101,007

-58.9

Fraport Regional Airports of Greece A

73.40

69,107

-87.2

400

-28.2

1,894

-59.3

4,838,669

-71.0

4,266

-26.6

54,767

-58.2

CFU

Kerkyra (Corfu)

Greece

73.40

4,826

-78.6

7

-18.7

229

-27.8

961,037

-70.7

72

-59.7

10,889

-57.0

CHQ

Chania (Crete)

Greece

73.40

9,125

-83.6

20

18.7

224

-55.4

703,482

-76.4

180

-52.7

7,392

-63.9

EFL

Kefalonia 

Greece

73.40

992

-72.0

0

0.0

88

-20.0

192,477

-75.1

2

> 100.0

3,184

-56.7

KVA

Kavala 

Greece

73.40

794

-85.3

2

-80.8

30

-74.6

72,674

-77.5

38

-61.8

1,142

-67.0

PVK

Aktion/Preveza

Greece

73.40

176

-52.0

0

n.a.

58

3.6

161,408

-74.2

0

-100.0

2,342

-58.1

SKG

Thessaloniki

Greece

73.40

52,035

-88.4

371

-28.9

1,187

-65.6

2,317,336

-66.4

3,974

-22.8

24,966

-55.2

ZTH

Zakynthos 

Greece

73.40

1,159

-63.7

0

n.a.

78

-22.0

430,255

-76.2

0

-98.4

4,852

-63.2

Fraport Regional Airports of Greece B

73.40

33,516

-78.6

72

-38.2

1,142

-49.7

3,773,111

-72.0

1,064

-40.5

46,240

-59.6

JMK

Mykonos 

Greece

73.40

1,400

-80.6

1

-49.0

56

-60.3

409,060

-73.1

47

-46.9

7,556

-59.8

JSI

Skiathos 

Greece

73.40

416

-61.8

0

n.a.

34

-22.7

88,916

-80.1

0

n.a.

1,600

-61.7

JTR

Santorini (Thira)

Greece

73.40

3,049

-90.4

4

-48.5

120

-73.0

572,963

-75.1

66

-61.2

7,286

-65.8

KGS

Kos 

Greece

73.40

4,577

-75.9

7

-70.0

182

-47.1

800,655

-70.1

162

-50.2

7,994

-59.6

MJT

Mytilene (Lesvos)

Greece

73.40

7,053

-75.0

22

-11.7

234

-48.9

206,095

-58.5

228

-34.6

3,729

-43.2

RHO

Rhodes

Greece

73.40

12,388

-78.2

26

-31.8

330

-39.1

1,551,123

-72.0

377

-39.8

14,801

-60.5

SMI

Samos

Greece

73.40

4,633

-63.2

11

-40.8

186

-37.6

144,299

-69.9

184

-20.5

3,274

-47.8

Fraport Twin Star

60.00

27,948

-69.7

1,015

> 100.0

474

-43.0

1,046,467

-78.9

3,934

-19.2

10,960

-69.1

BOJ

Burgas

Bulgaria

60.00

2,590

-79.0

1,014

> 100.0

94

-39.4

424,252

-85.3

3,889

-18.1

4,079

-79.6

VAR

Varna

Bulgaria

60.00

25,358

-68.3

1

-79.4

380

-43.9

622,215

-70.1

44

-64.1

6,881

-55.5

At equity consolidated airports

AYT

Antalya

Turkey

51.00

263,536

-69.8

n.a.

n.a.

2,473

-61.3

9,713,650

-72.6

n.a.

n.a.

65,223

-68.4

LED

St. Petersburg

Russia

25.00

828,230

-38.5

n.a.

n.a.

8,546

-32.5

10,944,421

-44.1

n.a.

n.a.

105,042

-37.7

XIY

Xi'an

China

24.50

3,212,568

-14.8

42,773

0.9

26,791

-6.4

31,083,681

-34.2

376,320

-1.5

254,607

-26.2

 

 

Frankfurt Airport2

December 2020

Month

Δ %

YTD 2020

Δ %

Passengers

891,925

-81.7

18,770,998

-73.4

Cargo (freight & mail)

185,687

9.0

1,952,628

-8.3

Aircraft movements

13,627

-62.8

212,235

-58.7

MTOW (in metric tons)3

1,100,860

-53.6

14,874,646

-53.3

PAX/PAX-flight4

91.7

-35.6

108.6

-26.0

Seat load factor (%)

51.9

58.4

Punctuality rate (%)

74.1

82.9

Frankfurt Airport

PAX share

Δ %5

PAX share

Δ %5

Regional Split

Month

YTD

Continental

59.5

-81.5

66.2

-72.3

 Germany

8.1

-86.5

10.1

-74.3

 Europe (excl. GER)

51.4

-80.4

56.1

-72.0

  Western Europe

41.8

-80.5

47.1

-71.6

   Eastern Europe

9.6

-79.9

9.0

-73.8

Intercontinental

40.5

-82.0

33.8

-75.3

 Africa

6.7

-76.6

4.9

-72.5

 Middle East

7.3

-77.9

5.5

-71.8

 North America

12.5

-83.6

10.6

-78.1

 Central & South Amer.

6.3

-75.9

4.4

-65.6

 Far East

7.7

-87.4

8.3

-78.2

 Australia

0.0

n.a.

0.1

n.a.

 

Definitions:1 According to ACI definition: Passengers: commercial traffic only (arr+dep+transit counted once), Cargo: commercial and non-commercial traffic (arr+dep excluding transit, in metric tons), Movements: commerical and non-commercial traffic (arr+dep), preliminary figures; 2Commercial and non-commercial traffic: Passengers (arr+dep+transit counted once, incl. general aviation), Cargo (arr+dep+transit counted once, in metric tons), Movements (arr+dep); 3Inbound traffic only; 4  Scheduled and charter traffic; 5absolute change vs. previous year in % ; *Cargo =Freight + mail

 

 

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42Gears SureMDM Simplifies Setting up Kiosk Mode on Linux Devices

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BANGALORE, India, Jan. 18, 2021 /PRNewswire/ — 42Gears today announced its capability to enable kiosk mode on Linux devices using the 42Gears mobile device management (MDM) solution, SureMDM. 42Gears SureMDM is now capable of managing, monitoring, and securing Linux, Android, iOS, iPadOS, and Windows devices from a single pane of glass.

42Gears Mobility Systems Logo

Although Linux already had a kernel lockdown feature that prevented developers from modifying the kernel in any way, businesses still needed a mechanism that could help them convert Linux devices into dedicated purpose tools if required. However, MDM solutions capable of locking down Android, iOS, iPad OS, and Windows devices lacked the capability to lockdown Linux devices. Thus, until now, businesses using Linux devices along with devices based on other operating systems had to use two separate platforms to enable kiosk mode on their enterprise devices.

“It's both effort- and cost-intensive for businesses to use a different solution to enable kiosk mode on Linux devices. This is the problem Linux Profiles addresses – it helps businesses restrict user access to approved apps and settings only using SureMDM, which is already capable of enabling kiosk mode on non-Linux devices,” said Prakash Gupta, CTO and co-founder of 42Gears. “This naturally means that businesses will no longer need two different solutions to manage Linux as well as other platforms. This will certainly have a positive impact on the total cost of ownership, while easing device management even further.”

Apart from enabling kiosk mode on Linux devices, Linux Profiles can also help businesses in:

  • User Management – IT admins can add or remove users, grant or revoke admin access, and allow users to access machines during specific windows of time
  • Wi-Fi Configuration – It is now possible for IT admins to remotely configure Linux devices with wireless network credentials
  • System Settings – This feature will allow IT admins to remotely control peripherals, install or update packages, and modify settings for Wi-Fi, Clipboard, and more
  • URL Blocking – IT admins can now block access to specific URLs on remote machines

Linux Profiles is already available for use by 42Gears customers ready to manage their Linux devices through SureMDM. Please email [email protected] with any inquiries. To learn more, visit the 42Gears Linux web page.

About 42Gears

42Gears is a leading Unified Endpoint Management solution provider, offering SaaS and on-premise solutions to secure, monitor, and manage all business endpoints, such as tablets, phones, desktops, and wearables. 42Gears products support company-owned as well as employee-owned devices built on Android, iOS, iPadOS, Windows, macOS, Wear OS, VR, and Linux platforms. 42Gears products are used in various industries, such as healthcare, manufacturing, logistics, education, and retail. 42Gears products are trusted by over 10,000 customers in more than 115 countries. For more information, please visit https://www.42gears.com.

Logo: https://mma.prnewswire.com/media/517153/42Gears_Mobility_Systems_Logo.jpg

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Suncity Group Announces 2021 Outlook

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Striding Towards a Bright Future

 

MACAU – Media OutReach – 5 January 2021 – Under the impact of the COVID-19 pandemic, 2020 was a very difficult year for the world. In the face of the severe challenges, Suncity Group has been working hard to achieve its vision of sustainable development in all areas. With its philosophy of “Innovating With Diversity, Striving For Success”, the Group strives to develop its business in the fields of VIP services, entertainment, global tourism, food and beverage, luxury fashion, etc., and is committed to becoming a leading integrated resort operator, with the expansion of its global hotel and resort management business as its core focus. At the same time, as an enterprise rooted in Macao and backed by our motherland, it is one of Suncity Group’s priorities to promote Macao as the “Creative City of Gastronomy”. With this in mind, the Group has actively and successfully expanded its food and beverage business to the Mainland, promoting cooperation between enterprises of Macao and of the Mainland. Also, HOIANA, the Group’s feature project in Vietnam, will serve as a bridge to introduce Vietnam’s culture of gastronomy to the Mainland, in response to national policies of “going global” and “bringing in”.

[View Image]

HOIANA, Suncity Group’s first integrated resort set to open its doors in 2021

Tigre de Cristal will focus on developing local Russian clientele, Japanese and Korean travellers as the target source market

[View Image]

Suncity Group prepares to further expand its food and beverage business in the Mainland

Suncity Group is committed to bringing in the finest food culture to the Mainland

 

Leveraging on its experience in resort and hotel management, Suncity Group has been actively expanding its global hotel and resort management business and marching towards the goal of becoming an internationally renowned integrated resort operator. Year 2021 will see the grand opening of the Group’s first integrated resort HOIANA, with all facilities set to open their doors at the same time. Among the wide array of facilities included the entertainment facilities of Hoiana Suncity, the golf course of Hoiana Shores designed by renowned architect Robert Trent Jones Jr., and the 4 luxury hotels managed and operated by Rosewood Hotel Group – Hoiana Hotel & Suites, New World Hoiana Hotel & Residences, KHOS Hoiana and Rosewood Hoi An, offering over 1,000 guest rooms.

 

Located in central Vietnam, the integrated resort HOIANA is only 40 km away from the Da Nang International Airport, with its 3-km coastline and a stunning sea view. The first phase of HOIANA covers an area of over 165 hectares, with the second phase project commencing in 2021. Utilizing its unique coastline, the next phase of the resort will focus on increasing the number of guest rooms as well as the expansion of retail areas, including beach resorts and a Vietnamese Village. Future developments also include facilities such as water and adrenaline park, observation deck, etc., all with the aim to create the finest entertainment hub of Southeast Asia. At the same time, taking advantage of its geographical location, HOIANA will target at bringing in tourists from Southeast Asia as its main source markets in the future. Suncity Group believes that HOIANA will bring significant revenue and sustainable development prospects, and is a demonstration of its determination to gradually evolve into an integrated resort operator and actively expand its resort management business.

 

In addition, through Suncity Group Holdings Limited (1383.HK), Suncity Group is now the single largest shareholder of Summit Ascent Holdings Limited (102.HK), and participates in both operations of Tigre de Cristal Resort Phase I in Vladivostok, Russia and the development of the resort’s second phase. Currently, Tigre de Cristal Phase I is the largest integrated resort in Russia, with a positive trend in business and revenue growth driven by the local Russian clientele. Set to open for preview in late 2022 and grandly open in 2023, the Phase II development project will also commence in 2021, doubling the number of entertainment facilities as well as tripling the number of guest rooms. The project will also add to the resort 4 new restaurants and bars, premium outlet and duty free shopping, multi-functional area, and a beach club and spa. Thanks to its prime location in Northeast Asia, Tigre de Cristal will be well suited for Japanese and Korean travellers. In the future, the Group will focus on developing local Russian clientele, while introducing Japanese and Korean travellers to the resort as the target source market.

 

Through the acquisition of Suntrust Home Developers, Inc. (Stock Code: SUN:PM), Suncity Group is also actively engaging in the development of the Westside City Integrated Resort in the heart of Entertainment City in Manila, Philippines. The project covers an area of over 20 hectares and is set to open its doors before 2023, creating the hub of entertainment of Philippines together with our local partners.

 

Moreover, Suncity Group is expanding into East Asia to further target at Japanese and Korean travellers, with plans to develop resorts in Miyako Island of Okinawa and Niseko of Hokkaido in Japan, with construction to begin in 2021. The Group plans to build a resort hotel in the Yonaha Maehama Beach Area, which is known as “the most beautiful beach in the East”, in Miyako Island of Okinawa, Japan and is expected to complete in 2023. The resort will provide 100 hotel rooms and 40 private villas with their own pools, as well as a variety of special water sports, including stand-up paddling, snorkelling and deep diving. In addition, the Group plans to build a luxury resort in Niseko of Hokkaido, Japan, which owns the reputation as one of the “Top 10 Ski Resorts in the World”. With development plans in the works in 2021, the project will cover an area of approximately 20 hectares, combining the natural beauty of Niseko and convenient leisure amenities. The completion of these new integrated resorts will serve as a testament to Suncity Group’s determination to become Asia’s leading integrated resort operator and an enterprise rooted in Macao that is actively responding to the national policy of “going global”.

 

Adhering to the spirit of patriotism, Suncity Group has been actively supporting the policy of the Macao Special Administrative Region Government, placing the development of the Motherland as our top priority. Through the business expansion of Sun Food and Beverage in the Mainland, Suncity Group aims to bring in the best of foreign cultures and contribute to the country’s prosperity. Since last year, Sun Food and Beverage established 8 restaurants in Chengdu and Chongqing, including “Danang Vietnamese Cuisine”, “Pho Thuy”, “Bangkok Cock” and “Đồ ăn vỉa hè Hoi An Danang”. Together with HOIANA, invested by Suncity Group Holdings Limited in Central Vietnam, the Group strives to introduce Vietnam’s culture of gastronomy to the Mainland.

 

In order to further expand its footprint in the Mainland, Sun Food and Beverage is preparing to open more quality branded restaurants in 2021. In the meantime, Sun Food and Beverage has successfully created new cooperation opportunities for the catering industry in Macao and the Mainland by taking initiative to organise investment visits to the Mainland. Currently, Sun Food and Beverage is actively supporting the “Luzu Temple District Renovation Project” of Chongqing as the company plans to open at the site more branded restaurants presenting Vietnamese cuisine, not just to increase company revenue, but also to help reinvigorate the old district. In addition, Sun Food and Beverage is preparing to set up a joint venture with Macao’s catering industry and open 3 restaurants in the area, bringing Macao-style hot pot, Portuguese cuisine and local desserts to Chongqing. This move not only enriches Mainland’s catering market, but is also a way to support the Macao Special Administrative Region Government’s core effort to promote Macao as “Creative City of Gastronomy”.

 

In the entertainment sector, Sun Entertainment Culture Limited has been actively expanding its entertainment-related businesses, covering film productions, online films, concerts and other commercial performing arts. In 2021, Sun Entertainment Culture Limited will expand its footprint in Southeast Asia through its subsidiaries in Japan and Malaysia, and is also enthusiastically preparing for the full recovery of the film industry this year. Currently, productions of film and TV drama invested by the Group from last year have been completed and are scheduled to be released in 2021, including “Limbo” starring Gordon Lam, which is scheduled to participate in international film festivals, “Dust to Dust” starring Gordon Lam and Da Peng, “Mom, Don’t Do That” produced by and starring Alyssa Chia. In addition, Sun Entertainment Culture Limited will be producing Macao’s first action and car racing film this year, with Han Han as producer of the film. For the acclaimed films “SPL: Sha Po Lang” and “Paradox”, production of the sequels “SPL III: War Needs Lord” and “Paradox II” will also begin in 2021.

 

As Alvin Chau, Chief Executive Officer and Director of Suncity Group stated, the tough year 2020 is now in the past. With the new COVID-19 vaccines being distributed worldwide, the global economy is expected to soon recover, which will be conducive to a strong growth of the motherland and Macao’s social, economic and tourism sectors in 2021. At the same time, staying true to the core values of patriotism, he understands that the prosperity of Macao and the country are inextricably linked. In the future, Suncity Group will continue to look forward to a prosperous future together with the country and Macao by vigorously upholding and following the long-term direction of the country in all aspects.

 

High-resolution images can be downloaded in the gallery:

https://dropbox.suncity-group.com/url/ztw4svj4hfr3hcs4

 

About Suncity Group

Suncity Group was founded in 2007. Since establishment, Suncity Group has been striving to provide the extraordinary VIP entertainment service for our guests, and we then opened a number of VIP Clubs in various 6-star hotels and resorts throughout Macau with the rapid growth of our business. Meanwhile, we successively set up exclusive VIP Clubs in Manila, Seoul, Incheon, Phnom Penh and Da Nang, etc.

 

Adhering to the spirit of “Innovating With Diversity, Striving For Success”, Suncity Group spared no effort to develop high-end entertainment services and products as well as roll out global VIP loyalty program for the selected members to enjoy entertainment, travel, catering services, luxury shopping and motion picture. Today, the scope of our business covers most sectors, especially in the fields of global travel, film production, concert and event planning, catering and luxury goods.

 

As a Macau born and bred enterprise, Suncity Group is not only devoted to develop the Asian market, but also oriented to expand the global network. In the future, we will surely continue to diversify our VIP entertainment services, attract more exclusive members and make every effort to promote our business in every corner of the world.

 

Official Website | www.suncitygroup.com.mo/en

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