SINGAPORE WINDSOR HOLDINGS LIMITED | Annual Report 2015
3
DUTY-FREE RETAIL BUSINESS
AUTOMOTIVE BUSINESS
TELECOMMUNICATION
EQUIPMENT SERVICES
In line with the strong market trend of inbound flights to Myanmar, the
number of international travellers for leisure and business is forecast
to grow rapidly. The new international terminal at Yangon is expected
to handle three times the current passenger traffic volume of the
existing terminal.
More updates of the Group’s progress in this business segment can be
found in the Group’s announcements which were released on SGXnet
in May 2015.
Following the liberalisation of Myanmar’s economy, there has been a
strong growth in the economy and a significant rise in tourism flows,
resulting in a strong demand for car hire and rental services.
More updates of the Group’s progress in this business segment can be
found in the Group’s announcement which was released on SGXnet
on 20 May 2015.
Myanmar’s telecommunications industry is evolving at a rapid pace
as there is a significant amount of unfulfilled demand for equipment,
sim cards and accessories related to information and communications
technology.
Recognising this trend, the Group announced the establishment of the
wholly-owned subsidiary, SMI Mobile Pte. Ltd., on 5 February 2015, to
pursue the related business opportunities in this business segment.
