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Business

Tanco Resorts to repay RM15m to eligible vacation superclub members

KUALA LUMPUR: Tanco Holdings Bhd's unit Tanco Resorts Bhd plans to repay eligible vacation superclub members up to RM15mil for the remaining unsure period of their membership.

Business

Tanco's Vacation Super Club members say offer 'grossly unfair'

PETALING JAYA: Some members of Vacation Super Club (VSC) are seeking a better deal from Tanco Resorts Bhd or may vote against a proposal to wind-up the club that is to be tabled at an EGM to be held tomorrow in Port Dickson.

Business

Southern US cities best value vacation destinations

NEW YORK: Four southern U.S. cities ranked as the best value destinations for savvy travelers looking to get the most for their money during a vacation, according to a report released on Tuesday.

Business

Cruise vacation getting popular among Chinese travellers

IT'S romantic, leisurely, sunny, and most importantly, takes place on the open ocean. It's a cruise vacation, and it's growing popular among Chinese tourists.

Business

Strike and vacation hit Hyundai, Kia sales

SEOUL: South Korean carmaker Hyundai Motor saw its monthly global sales expand at its slowest pace in 16 months in July, as two-day, partial walkout by its domestic factory workers, along with summer vacations, hurt production.

Business

Tanco proposal approved in EGM

PETALING JAYA: Tanco Holdings Bhd’s proposed cash payment to Vacation Super Club (VSC) members has been approved. The resolution on the matter was approved during a EGM on Saturday by a poll with a majority of 86.17%, the company announced on Bursa Malaysia. This would enable Tanco’s unit, Tanco Resorts Bhd to terminate and dissolve the VSC.

Business

Vacation club business helps spur tourism industry

ALTHOUGH the stigma of timeshare has not been completely erased, it is fast becoming a mainstream travel product in many parts of the world, especially the US, Europe, Australia and more recently, Asia.

Business

Timeshare sector close to clocking up RM1bil

THE local timeshare industry, which sells vacation ownership plans to individuals and corporate clients, is close to becoming a billion ringgit business, and more players look set to join this lucrative industry.

Business

Mines City Hotel to issue 200mil shares

MINES City Hotel Bhd (MCH), a wholly-owned unit of Country Heights Holdings Bhd, is offering 200 million new ordinary shares of RM1 each to the public to pare down borrowings and raise funds for its expansion into the time-share vacation business.

Business

To travel or not to travel?

Tay Han Chong says a vacation can be viewed as an expense or investment.