News
Aug 19, 2013
Savings await buyers planning to visit the upcoming 52nd Bangkok Gems and Jewelry Fair (BGJF52) after the Thai government last month announced the lifting of the 20 percent tax on imported gems and jewelry products to be sold at the exhibition.
Foreign exhibitors are now allowed to bring in and sell gems and jewelry from their countries duty-free, while local exhibitors can reduce selling prices as they cut down on imported parts and products’ costs.
Both local and foreign buyers can thus take advantage of the 20 percent savings.
Somchai Phornchindarak, president of the Thai Gem and… more
Aug 19, 2013
More than 5,000 insurance professionals were celebrated Aug 15-18 at the International Dragon Award (IDA) 2013 in Kuala Lumpur.
The ceremony and annual meeting was organized by IMM International and supported by Malaysia Convention & Exhibition Bureau (MyCEB).
Attendees came from 16 countries, including China, Taiwan, Hong Kong, Korea and Australia. The event also welcomed several esteemed speakers, such as the Chairman of the Phoenix Media Group, Liu Changle, and Robert A. Cook, president and CEO of Manulife - Asia.
“IDA 2013 is an excellent opportunity for the local insurance… more
Aug 19, 2013
U.K.-based Tarsus Group, along with Indonesia-based exhibition organizer Dyandra Promosindo, is set to debut Zuchex Indonesia 2014, a housewares and gift show that will be held in Jakarta.
The show will be jointly organized by Life Media, part of Tarsus, who are the organisers of Istanbul-based housewares and gift shows Zuchex and Ideal Homex.
“With the boom in home ownership in Indonesia and consumer spending accounting for 57 percent of GDP, this show presents a fantastic opportunity for the housewares industry,” show organizers said.
In fact, they added, American giant… more
Aug 19, 2013
NASDAQ-listed Global Sources recently released its financial results for the quarter ended June 30. Revenues in the quarter were US$61 million, a year-on-year decrease of 8.0 percent. Net profit attributable to shareholders was US$17 million in the period, a jump of 73 percent from 2012.
Global Sources’ exhibitions business expanded to become its largest business segment during the quarter. Revenues were up 9.1 percent to US$33 million, or 54 percent of total revenues. Online business accounted for 37 percent of total revenues, which amounted to US$23 million or a drop of 25 percent… more
Aug 19, 2013
The Shenzhen International Trade Fair for Apparel Fabrics and Accessoriesconcluded this year with an exhibitor increase of 26 percent from the previous edition in 2012. The show’s 600 exhibitors originated from 11 countries and regions, and occupied 22,500 m2 at the Shenzhen Convention and Exhibition CenterShenzhen Convention and Exhibition Center(SZCEC) – up more than 30 percent from last year.
The three-day trade show took place from 11th to 13th July occupying halls 6, 7 and 8 at the SZCEC. Jointly organised by the Sub-Council of Textile Industry, CCPIT, Messe Frankfurt (HK)… more
Aug 19, 2013
London-listed international exhibition organiser, UBM plc, will launch a new maritime trade fair in Indonesia in 2014. The inaugural fair, Marintec Indonesia, will be held from 26th to 28th November 2014 at Jakarta International Expo (JIExpo).
Marintec Indonesia will be organised under the brand of Marintec and focused on shipbuilding, repair, offshore, port equipment and maritime industries in Indonesia. International conferences and technical seminars will also be held during the fair.
Additionally, UBM reported the opening of its biennially-held Marintec China to take place on 3rd… more
Aug 18, 2013
The Center for Exhibition Industry Research’s latest Index Report for the second quarter was just released, and the good news is for the 12th consecutive quarter, the trade show industry continues to grow, though that growth has slowed.
Year-over-year growth increased 1.2 percent overall, which is down slightly, 0.3 percent, compared with the second quarter of last year.
The growth also lagged behind that of the GDP numbers in the second quarter that saw a 1.4 percent increase.
"Overall, the second-quarter results continue on a positive upswing, and they confirm that the… more
Aug 18, 2013
As part of the final piece of the Sunshine Act that went fully into effect Aug. 1, all pharmaceutical, medical device, biological, and medical supply manufacturers have to report to the Health and Human Services (HHS) any "payment or other transfer of value" to physicians, including any giveaways at medical and pharmaceutical trade shows and meetings.
These requirements apply if a manufacturer sells or distributes at least one covered drug, device, biologic or medical supply.
For organizers, it just adds one more layer of data collection, but fortunately, technology company… more
Aug 18, 2013
Even before “Superstorm Sandy” struck the Eastern seaboard of the United States, officials in the conventions and meetings business in Atlantic City had been brainstorming about a way to bring more events into their town.
The hurricane brought a tremendous amount of damage in its wake, but, according to Gary Musich, Atlantic City CVA’s vice president of convention development, much of the city was spared.
“There was no damage to any of the hotels or the convention center,” he added, “There was some flooding, but that’s it. There also was no damage… more
Aug 18, 2013
Thousands of independent pharmacists converged Aug. 7-10 in Seattle for Cardinal Health's annual Retail Business Conference, with the theme Discover New Horizons for improving their businesses and for delivering quality, personalized care to patients.
"RBC is the industry's best opportunity to celebrate independent pharmacy and to encourage owners to discover new opportunities to move their businesses forward," said Steve Lawrence, senior vice president of Retail Independent Sales for Cardinal Health.
He added, "This event is one of the largest gatherings of… more
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.