Global Sources released its financial results for the year ended Dec. 31, 2015. Revenues from continuing operations in 2015 were US$171.0 million, down 4.6 percent, compared with the US$179.3 million recorded in 2014.
Adjusted EBITDA fell to US$30.5 million from US$37.3 million in 2014. Net profits slipped to US$18.8 million in 2015 – down from US$22.5 million in the previous year. IFRS net profit, however, jumped 63 percent year-on-year to US$29.9 million from US$18.3 million in 2014.
More than half of the revenues were generated from the company’s exhibitions business – amounting to US$92… more
News
Mar 22, 2016
After a trio of terrorist bombings rocked the Belgian capital, two at Brussels’ airport and another at a metro station, the city’s main exhibition venue – Brussels Expo – announced several shows scheduled in the building were canceled.
A note on the venue’s Web site stated: “Due to the exceptional circumstances in Brussels, the PRS Europe Show of today and tomorrow is canceled. The Autotechnica show will not open this Tuesday and Thursday. INFOSECURITY and FOROM FOR THE FUTURE also are canceled. Thank you for your understanding.
The Autotechnica show, organized by i-ONE and Traxio, was about… more
Mar 22, 2016
The Kuala Lumpur Convention Centre (the Centre) recently became the first facility in Malaysia to install the 6500 ANSI Lumens laser technology projector as part of her RM3.1 million investment to upgrade the audio-visual (AV) capabilities in the venue’s 21 meeting rooms.
According to the Centre’s General Manager, Alan Pryor, the Centre is currently regarded as the most technologically-advanced facility in Malaysia, and the investment “reflects our commitment to continuously upgrade and improve the quality of service delivery for the Centre’s delegates and visitors.”
He added, “As technology… more
Mar 22, 2016
Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, has released its results for the quarter ended 31st January 2016. Revenues in the quarter were US$9.2 million, representing an increase of 48% over the same quarter last year. Net income in the quarter was US$344,000, compared with a loss of US$2,100 in the same quarter in 2015. Earnings per share in the quarter were Baht 0.058 (US$0.0016).
According to the company, the increase in revenue was largely due to the increase in revenue from its exhibition business and event marketing business and as a result of customer… more
Mar 22, 2016
The Gem & Jewellery India International Exhibition (GJIIE), organised by Madras Jewellers and Diamond Merchants Association (MJDMA) and UBM India, has been rescheduled. Originally, the event was scheduled to be held from 18th to 20th March 2016 and it is now rescheduled to be held from 7th to 9th October 2016 at the Chennai Trade Centre.
The organisers explained that the change of date is due to the upcoming Legislative Assembly Elections in Tamil Nadu and security related concerns. GJIIE features over 350 exhibitors and attracts participants ranging from retailers, wholesalers to… more
Mar 22, 2016
The 3rd edition of furniPRO Asia recently concluded at the Singapore Expo Convention and Exhibition Centre (SingEx). The three-day event was held from 10th to 12th March, with 142 participating brands and companies from 25 countries including five national pavilions from China, Germany, Italy, Singapore and Taiwan.
Organised by Koelnmesse, furniPRO Asia covered an exhibition area of over 5,000 m2. More than 4,500 industry professionals from over 50 countries attended the show. furniPRO Asia was also co-located with International Furniture Fair Singapore (IFFS) and The Décor Show for the first… more
Mar 22, 2016
UBM India, a subsidiary of UBM Asia, will hold the 4th edition of Child, Baby and Maternity Expo India (CBME India) from 20th to 22nd April 2016 at Bombay Convention and Exhibition Centre (BCEC) in Mumbai.
According to UBM India, this year’s event will feature more than 100 exhibitors showcasing 300 brands. The three-day event will also include seminars, workshops and panel discussions supporting the exhibition. This edition will also feature the launch of “Cool Kids Fashion India” which will include a wide range of children’s clothing and accessories.
Mr. Yogesh Mudras, Managing Director,… more
Mar 21, 2016
The Electronic Software Association’s E3 Expo won’t have some key gaming companies on the showfloor – such as EA and Activision – when the show opens its doors in June at the Los Angeles Convention Center. The game publishers, instead, are opting for smaller, public-focused events.
Other companies, including Wargaming and Disney Interactive, also have decided to skip booths at the show this year, prompting rumors that maybe the show would change its rules and allow the public to attend.
Not so fast, according to Dan Hewitt, ESA’s vice president of Media Relations and Event Management.
“The… more
Mar 20, 2016
Informa Exhibitions unveiled for the first time at Agra Middle East through a partnership between event technology supplier Info Salons, and solution provider Konduko to debut a new exhibitor and attendee experience.
The technology provides organizers, sponsors and exhibitors a 360-degree platform that delivered content to the attendees, while collecting qualified data on visitor behaviour and preferences at the event.
The crux of the solution is the Konduko Reader: a sensor placed in various locations around the venue for the visitors to collect information from with their smart badge… more
Mar 20, 2016
Informa Exhibitions unveiled for the first time at Agra Middle East through a partnership between event technology supplier Info Salons, and solution provider Konduko to debut a new exhibitor and attendee experience.
The technology provides organizers, sponsors and exhibitors a 360-degree platform that delivered content to the attendees, while collecting qualified data on visitor behaviour and preferences at the event.
The crux of the solution is the Konduko Reader: a sensor placed in various locations around the venue for the visitors to collect information from with their smart badge… 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.