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Malaysia resumes tourism fund to aid sector

The Ministry of Tourism, Arts and Culture Malaysia (MOTAC) has resumed a tourism fund dubbed Gamelan for tourism operators to avail of for promotions...

Klook gains US$200 million in Series E funding round

Travel and leisure booking platform Klook has raised US$200 million in additional funding through a Series E round led by Aspex Management and other...

G Adventures launches funds to support guides

G Adventures has created three different funds to support its ecosystem of local tour guides, Inca Trail workers and local community projects that typically...

SIA lands US$7.1b in fresh funds

Singapore Airlines (SIA) has raised S$10 billion (US$7.1 billion) in liquidity through its recent rights issue, as well as a mix of secured and...

Struggling tourism companies pivot to crowdfunding as virus bites

It is March 2019. In the mountainous Sapa town of Vietnam’s northwest region, along the Chinese border, popular sights from ethnic markets to a stone church bustle with tourists and locals alike, amid the constant rumble of ongoing construction work.

Qatar Airways inks US$850 million financing deal with StanChart

Qatar Airways has secured US$850 million in financing from Standard Chartered, pledging seven Boeing 787-9 aircraft as collateral. Qatar Airways Group CEO Akbar Al Baker...

Airbnb snags US$1 billion investment to mitigate coronavirus shock

Airbnb has secured a US$1 billion investment from private equity firms Silver Lake and Sixth Street Partners to help the home-sharing giant to fight...

SIA raises US$13.3 billion in crisis funding

National carrier Singapore Airlines (SIA) has raised S$19 billion (US$13.3 billion) to tide over the pandemic, with S$15 billion through rights issuances, subject to shareholder approval, and the...

Oyo sets up Covid-19 fund for South-east Asian partners

Oyo Hotels and Homes is ​setting up a dedicated fund of US$200,000 to support its partners and their families in the South-east Asian region...

Chinese hotel group LvYue raises millions from Tencent and Baidu, among...

China's LvYue Group, the strategic investment arm of Trip.com, has raised several hundred million dollars as part of its Series A and A+ round financing...

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