TTG Asia
Asia/Singapore Tuesday, 7th April 2026
Page 920

Silversea offers agents bonus commission

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First product enhancements will roll out to the Silver Muse flagship later this month

Mental health comes into WTTC’s focus

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Calls continue for uniform travel rules across Philippine destinations

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Philippine tourism players persist in battling for a uniform set of travel requirements to be implemented nationwide so as to facilitate ease of travel, noting that varying regulations across destinations stymies post-lockdown domestic tourism recovery efforts.

For instance, some local government units (LGUs) require travellers to undergo a rapid antigen or PCR test for Covid-19, with validity periods of the result varying across destinations. As well, some destinations do not require travellers to serve a quarantine period, while others do, with the quarantine period varying from three to 21 days.

Destinations across the Philippines have reopened to domestic travellers since late 2020; locals visiting the Temple of Leah in Cebu City in September 2020 pictured

Such a non-standardised approach to Covid-safe travel regulations across the country has proven a stumbling block for travel agents when it comes to selling multi-destination tour packages.

Rajah Travel Corporation president and chair, Aileen Clemente, said: “Where multiple entities do not follow a singular standard or treatment of the protocols… it becomes quite confusing to sell any tours, given that there are different rules to each part of one’s journey.”

Agreeing, Irine Maliwanag, general manager, im-active Tours, Events, MICE Management and Services, said the current varying domestic travel requirements confuse both the travel agencies and the travellers, making it tough to sell multi-destination packages, despite the reopening of domestic destinations towards the end of last year.

Clemente advised: “The authorities must really learn to work together in a coordinated fashion in order to also ensure full compliance. With different protocols (across different localities), you’re bound to find more violations, given the fact that it is very difficult to keep track of all the different rules”.

In support of LGUs adopting uniform travel requirements, tourism secretary Bernadette Romulo Puyat said: “Since tourists would wish to visit several destinations, it is confusing and cumbersome if LGUs have different apps, protocols and requirements to comply with. Thus, uniformity (would) make travel plans a lot easier and ultimately, more fun.”

SIA secures US$500m in US dollar debt debut

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Singapore Airlines (SIA) has raised US$500 million in its first US dollar-denominated bond issue, which will go towards aircraft purchases, related payments and other general purposes including refinancing of existing borrowings.

The issuance was oversubscribed with the final demand totalling more than US$2.85 billon, anchored by high quality institutional investors including real money asset managers, SIA said in a press statement.

SIA’s issuance of first US dollar-denominated bond issue was “oversubscribed”

The bonds are being issued at an issue price of 99.573 per cent of their principal amount, with a maturity date of July 20, 2026, and will carry an annual coupon of 3.0 per cent per annum.

Citigroup was the sole global coordinator for the issuance; while Citigroup, HSBC and BofA Securities were the joint bookrunners.

SIA said the issuance further strengthens the company’s liquidity position, and provides it with the financial flexibility to capture medium- to long-term growth beyond the Covid-19 pandemic. The airline also reiterated that it “will continue to explore other means to further strengthen its liquidity as necessary”.

Since the start of the 2020/2021 financial year, including this issuance, SIA has raised approximately S$13.3 billion (US$10 billion) in additional liquidity. This includes S$8.8 billion from a rights issue, S$2 billion from secured financing, S$850 million via a convertible bond issue, as well as S$500 million via a private placement of new 10-year bonds.

Thailand mulls golf quarantine to boost tourism

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New hotels: The Hari Hong Kong, Pullman Khao Lak Resort, and more

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The Hari HK

Gordon Ramsay Bar & Grill to open first Asia outpost in Malaysia

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IHG’s Holiday Inn bound for Riyadh

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Jeju Air, Travelport extend content deal

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A 25hours hotel is coming Sydney’s way

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