Hundred of travelers affected by local travel agency's shutdown
Damage is estimated at $360,000.
Megafun Holiday International Travel Limited - trading as Yi-Qi Tours - will shut down its three branches today due to financial difficulities. Initial reports say that there are about 120 travellers affected by its closure.
The Travel Agents Registry will compensate affected tourists involving tour and package fees of about $360,000.
Concerned parties may direct their enquiries at Yi-Qi Tours’ headquarters, open until February 8. The number to call is 3128 9000.
The registry also notes that they will accept affected customers' applications for ex-gratia payments from the Travel Industry Compensation Fund.