Investment in Bangladesh's amusement and theme park segment is on the rise as investors are pumping money into the fast-expanding industry to serve visitors, according to industry people.
Amusement parks continue struggle against Covid
A view of Magic Paradise Park in Cumilla. The monthly operating cost of the park along with salary of the staff members is about Tk 25 lakh, says an official. Photo: COLLECTED
The amusement park industry is on the brink of collapse as owners are struggling to pay salaries, bank loans and hefty maintenance costs amid an ongoing closure that began in April due to the recent resurgence of Covid-19.
The industry s plight initially began in March last year, when the coronavirus pandemic first began to spread across the country, prompting the government to shut down all tourist and entertainment centres for nearly four months.
The Supreme Court of British Columbia has ordered Concord Pacific, one of Canada s largest property developers, to pay about $5 million in special costs after one of its senior employees was found to be “egregiously dishonest,” in an ongoing legal battle between two Asian tycoons. The rare special costs award is believed to be one of the highest ever awarded in Canada and sends a warning to litigants that the courts will not tolerate being misled with false claims. In his ruling, Justice Peter Voith wrote that David Ju, Concord s vice-president, had misled the court in the case that pits his boss, Terry Hui, against Singaporean billionaire Oei Hong Leong.