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A Hong Kong Airlines passenger plane taxies on the tarmac at Hong Kong Airport in Hong Kong, China (Photo: Reuters) Singapore (VNA) – Singapore state investor Temasek Holdings has showed interest in buying Chinese conglomerate HNA’s Hong Kong-based carriers, namely Hong Kong Airlines and Hong Kong Express Airways. Last week, Temasek, the majority shareholder in Singapore Airlines Ltd, and HNA, an aviation-to-financial services conglomerate, agreed to explore business partnerships in aviation and logistics. HNA is looking to raise funds for the Hong Kong airlines and Temasek is a potential investor. A stake in Hong Kong airlines is expected to help Temasek get an aviation foothold closer to mainland China. Corrine Png, the chief executive of Crucial Perspective, a transport research firm, estimated that Hong Kong Airlines would be valued at about 1.1 billion USD and HK Express at some 300 million USD. Hong Kong Airlines has 37 mostly wide-body jets with 24 more on … [Read more...] about Singapore’s Temasek mull stakes in Hong Kong’s airlines

Both Vietnam’s southern metropolis and the capital Hanoi climbed up one place from last year to 31st and 52nd respectively in the annual Top City Destinations Ranking report, released Thursday by the U.K.-based global business intelligence firm Euromonitor International. Da Nang, the country’s third largest city after HCMC and Hanoi, jumped six places from last year to 90th in the list, which ranked over 400 cities around the world based on the number of international tourist arrivals. The report said HCMC received 7.2 million foreign tourist arrivals last year and is expected to welcome 8.2 million this year, up 14 percent from a year ago. Hanoi received 4.6 million foreign tourists in 2018 and expects 5.1 million arrivals this year, a year-on-year rise of 9.5 percent. The Huc Bridge that connects Ngoc Son Temple to the banks of Hoan Kiem (Sword) Lake in Hanoi. Photo by Shutterstock/Jimmy Tran. Da Nang, home to My Khe Beach and neighbor to the hot tourism destination of … [Read more...] about 3 Vietnamese cities among world’s most visited destinations