Resort-developer Banyan Tree Holdings sank deeper into the red with losses off $49.1 million in 1H2020 ended June, from the $2.6 million in losses a year ago. The deepening losses was due to the impact of the global movement control restrictions on the tourism and hospitality sector. This translates...

BANYAN Tree Holdings sank deeper into the red with a net loss of S$49.15 million for the six months ended June 30, widening from a loss of S$2.69 million a year ago on the back of the impact of Covid-19.

BANYAN Tree Group has formed a joint venture with Thai sustainable growers The Boutique Farmers to develop a gourmet organic farm and restaurant in Chiang Mai.

RESORT group Banyan Tree Holdings said in a regulatory filing on Tuesday that its hotel business continues to be negatively impacted on the back of border controls and travel restrictions imposed as a result of the Covid-19 pandemic.

RESORT group Banyan Tree Holdings said in a regulatory filing on Tuesday that its hotel business continues to be negatively impacted on the back of border controls and travel restrictions imposed as a result of the Covid-19 pandemic. 

THE following companies saw new developments that may affect trading of their securities on Monday:

HOSPITALITY Group Banyan Tree is undertaking a series of right-sizing and cost-saving exercises that has affected 10 to 15 per cent of its global workforce, it said in an exchange filing on Friday. 

BANYAN Tree Holdings is proposing a renounceable and non-underwritten rights issue of convertible bonds to raise S$50.4 million.

BANYAN Tree Holdings is proposing a renounceable and non-underwritten rights issue of convertible bonds to raise S$50.4 million. 

BANYAN Tree Holdings on Tuesday said it will be able to repay its S$100 million fixed-rate notes maturing on June 5, 2020 with a coupon of 4.85 per cent, after taking into consideration its working capital, cash and bank facilities.