Business Leap Frontier

Malaysian Tourism Minister Ng Yen Yen said tourism could be made much attractive in India as the country got a smart number of heritage places. Talking to media personnel’s after visiting the widely well-known Mysore palace. Yen told, ”India has a large number of heritage spots and the country can attract more number of tourists by developing them.”

With travel becoming more affordable, many people are now including Asian countries on their list of destinations. Many pensioners are now traveling with money from their Aviva savings and investments account, and even students and recent graduates are finding special deals and programs catered especially to them. Asia has become a top destination for many.

Ongoing terror threats, the minister said it was affecting the growth of tourism and must be dig. He said, ”We oppose terror activities. People extend co-operation to the Government in Malaysia. In that backdrop, terrorists have been tamed there. In a similar manner, if people and the government make joint efforts, it is possible to root out terrorism.”

Yen thought if a tour package was considered by mixing the tourist destinations, then tourism sector was bound to thrive. He added Malaysia had an individual position in global tourism as Malaysia gives special importance on tourism.

The Dubai International Airport (DIA) get boomed their business as it got an augment of passenger traffic in last month. It recorded a 12.6% growth in traffic. It was the highest figure since May 2008. Additionally, it was the 2nd consecutive month of two-digit expansion in passenger traffic this year subsequent the 10.3% raise in June.

CEO of Dubai Airports in the United Arab Emirates, Paul Griffiths said ‘The Middle East continues to demonstrate vibrant growth during the global economic downturn and Dubai International (Airport) is at the epicenter of that growth.’ He added ‘The double-digit increases we’ve seen in the past two months are the direct result of a boost in passenger numbers from Emirates and other long-haul network carriers and continual growth in the low cost sector. As for cargo, considering that airports around the world continue to record sharp decline in freight traffic, we have fared well.’

DIA handled total 3,768,965 passengers in last month compared to 3,347,655 in the same period in 2008. The traffic January to July set at 23,148,452 passengers. It was up 6.1% from the corresponding period in 2008. It also handled 160,289 tones cargo in July, compared to 157,253 tones during July 2008. The amount of cargo this year is 1,035,118 tones compared to 1,038,807 tones in 2008.

Mexico’s President Felipe Calderon has vowed a new trade offer between Mexico and Brazil. He proposed it in Sao Paulo during meeting business leaders. Calderon ensured he would discuss to industry, social and political groups in his country to change the trade between the two countries.

Brazil and Mexico both countries are Latin America’s largest economies. The countries are presently responsible for about 70 percent of all economic activities in this region. Mexico already has trade agreements with Canada and USA. The country has struggled with recessionary trends at home as well as abroad. It sends 80 percent of its exports to USA and the country has been mostly exposed to the US fall in customer spending.

British Airways (BA) received a profit of £37 million during the three months to the end of June 2008 but for the same period of this year the airliner has got a pre-tax loss of around £148 million. The BBC reported that chief executive of British Airways Willie Walsh said the very tough year for airlines and made trading conditions particularly challenging with passengers curb on spending.

Walsh told traffic amounts are starting to get stable and demonstrate several signs of progress for the peak European summer session. The airliner has already cut capital expenses by 20 percent this year. However, British Airways ( BA ) faces likely industrial action on its efforts to shrink costs as well as staffing numbers.