MyCEB Supported 300 Events in Malaysia in 2018

March 19, 2019

Recently, the Malaysia Convention & Exhibition Bureau (MyCEB) released its annual report for 2018. In total, the bureau supported 300 events during the year, generating an estimated economic impact of RM2.47 billion (US$595 million) for Malaysia. A total of 350,000 delegates attended these events, including 163,000 international delegates.

A total of 195 corporate & incentive events were held in 2018, while the bureau supported 84 association events and 21 exhibitions. Corporate & incentive events featured over 61,000 delegates (of those, 60,399 were international delegates) and generated an economic impact of RM 790 million (US$190 million).

Association events generated an estimated economic impact of RM 1.05 billion (US$253 million), attracting almost 100,000 delegates (including 47,832 international delegates). Exhibitions attracted 190,155 delegates and of those 55,000 were international. The economic impact of those exhibitions was approximately US$152 million.

According to MyCEB, some 152 business events were secured during 2018 featuring an estimated 118,735 delegates and generating RM 1.58 billion (US$379 million) in economic impact. MyCEB also secured and supported 10 “major events” in 2018, attracting a total of 69,484 delegates, including 19,497 international delegates. Total tourist expenditure at these events was RM 87 million (US$21 million).

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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.