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Straco Corporation Limited • Annual Report 2014
CHAIRMAN’S STATEMENT
give domestic tourists more flexibility in timing their visits to tourism attractions.
We welcome these new policies, for while they may impact visitor numbers in
the immediate term, during super-peak periods, the lasting effect will be the
smoothening of domestic travel over a given year, leading to less overcrowding
and a more optimal experience for our visitors. We will continue to introduce
enhancements and more immersive exhibits to reap the benefits of smoothened
visitor numbers.
In Singapore, the Flyer acquisition was premised on the rise of the ASEAN
economy, Singapore’s standing as a top Asian destination, and the attraction’s
iconic location in the Marina Bay skyline. This year, we expect to experience some
remaining short-term effects from recent setbacks in aviation and global concerns
on security, although these will be balanced by the draw of festivities brought on
by the nation’s year-long SG50 celebrations.
A WORD OF APPRECIATION
The Group continues to thrive because of the talent and efforts of our staff,
management, directors and partners. I would like to express my thanks to the
following groups of people:
• Our ground staff and management team across our subsidiaries for their
unwavering commitment to product development and service quality. I would
like to give special mention to our corporate team for their hard work and
perseverance in seeing through the Flyer acquisition.
• Our various other business partners and consultants who have contributed to
our sustained performance.
• My fellow directors on the Board and all directors of our group companies for
their valuable advice and guidance.
• I would also like to take this opportunity to welcome on board all existing and
new team members at the Singapore Flyer, and look forth to their collective
contributions in the years to come.
Exciting times lie ahead of us, and we will continue to build towards future
successes through effective corporate governance, innovation of our offerings,
and by keeping abreast of investment opportunities.
Wu Hsioh Kwang
Executive Chairman
