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Hotel at Nepal’s Tiger Palace Resort Bhairahawa open again 487 VIEWS Its long-term future may be clouded following a recent takeover of its parent company, Australian-listed Silver Heritage Group, by a Philippines conglomerate but Nepal’s Tiger Palace Resort Bhairahawa took a step towards recovery this week as it opened its hotel to guests for the first time since the start of the COVID-19 pandemic. Shuttered since 23 March 2020, Tiger Palace this week welcomed its first guests in almost a year with CEO Dhananjay Regmi and staff of the Nepal Tourism Board stopping by to celebrate the occasion. Casinos across Nepal remain closed although ....
The administrators of Australia-listed casino operator Silver Heritage Group Ltd said in a Friday filing that they had “returned” control of the company to a new slate of directors, following the takeover by HatchAsia Inc. In November, Philippines-based HatchAsia said it had obtained from Australia’s Foreign Investment Review Board a “letter of no objection” to its plan of acquiring – via a subsidiary – a 92-percent interest in Silver Heritage. Silver Heritage developed the casino property Tiger Palace Resort Bhairahawa (pictured in a file photo), on Nepal’s border with India. According to Friday’s filing, administrators from professional services firm KPMG said a deed of company arrangement had “now been fully effectuated … and has terminated,” with control of the company now “returned to the newly appointed directors.” ....
Published December 22, 2020, 6:00 AM Historically, the month of December tends to be strong for stock market investors. At the Philippine Stock Exchange (PSE), the so-called Santa Claus rally is underway and this is attributed to news about the various COVID-19 vaccines’ rollout ongoing in several countries as well as lower unemployment and improved manufacturing levels in the country during the fourth quarter. There’s a saying that “all good things come in threes” which dates back to medieval times. In terms of symbolism, the number three is assigned a special role across many cultures and religions such as the Holy Trinity and the Three Wise Men in the Christian bible. Even in politics, “third time’s the charm” applies to candidates who succeed after three attempts, like US President-elect Joe Biden who sought his party’s nomination three times and made it on the third try. ....