The tourism industry may recover by the end of the year if SARS can be contained in the month ahead, the secretary general of the World Tourism Organization (WTO) said.
SARS has contributed to the tourism industry's worst slump since World War II, the WTO said.
"If SARS comes under control this summer, we can expect a rebound for the end of the year," said Francesco Frangialli, the WTO's secretary general, in a televised interview. "We can still have a positive figure in arrivals in 2003 in spite of everything."
The number of people visiting another country rose 3.1 percent to 715 million last year as Asia drew more visitors than North and South America for the first time, the WTO said in January. Concern about SARS will cut business in the industry by 40 percent this year in the regions worst affected, the World Travel & Tourism Council (WTTC) said yesterday.
While the UN health agency said yesterday that 29 countries have reported a total of 7,699 SARS infections, China and Hong Kong today said they added the fewest SARS cases in one day since updates began. Taiwan's new infections fell by more than half from yesterday, while Singapore cleared 15 suspected patients and may be taken off the list of affected areas.
"In the past, Asia has been the engine for the tourism sector worldwide," said Frangialli at a travel conference in Portugal organized by the WTTC. "There was an 8 percent increase in arrivals to Asian destinations in 2002. After Bali and after SARS, this engine now has stopped."
Business travel in Asia, which represents a fifth of the US$250 billion global total, will decrease by 5 percent this year after posting growth of more than 10 percent in each of the past four years, the UN has said.
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to