Meeting with TCBS on proposed Royalty Increase

The ABTO Board of Directors met with the senior management of TCBS and had discussion on the proposed increase of royalty as budget for the delinked TCBS.

After a thorough discussion, TCBS requested for reconsideration and proposed an increase of USD 10 during peak season and USD 5 during lean season as opposed to their initial proposal of USD 15 during peak season and USD 10 during lean season. The increased Royalty collection timeframe is proposed minimum of 1 year from the date it is decided.

As such the Board of Directors would like to request your feedback and suggestions on the above proposal by 31st July 2012 (Tuesday).

Thanking you.

ABTO Secretariat

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