Friday, August 22, 2014

TCEB targets Philippines’ MICE travellers

News this week: The Thailand Convention & Exhibition Bureau (TCEB) recently organised a roadshow to the Philippines’ capital to promote bilateral MICE collaboration and trade between the two countries. The bureau launched an exclusive incentive programme, ‘CONNECT Businesses Big Bonus’, to target trade visitors from the Philippines.

Under the incentive programme, trade organisers bringing a group of five or more visitors to trade shows in Thailand are entitled to earn US$100 per visitor if they manage to secure a business matching meeting. Those eligible to enrol include trade promoters, chambers of commerce, trade associations, overseas trade publications, overseas non-profit organisations and MICE travel agents.

TCEB’s president, Mr Nopparat Maythaveekulchai, said, “Following the official bilateral collaboration between TCEB and the PCCI and CCPI last year, Thailand had welcome a total of 25,555 Philippines MICE visitors, generating US$74.36 million revenue into Thai economy, positioning as the ninth highest contributors to the bustling of Thai MICE sector. In term of the exhibition industry, the number of trade visitors from the Philippines also increased 54% since the MOU signing,”

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MyCEB aims to generate 8% of business visitors by 2020

News this wek: The Malaysian Convention and Exhibition Bureau (MyCEB) is targeting to attract more MICE events and visitors to the country and aims to generate 8% of Malaysia’s business tourists by 2020 – up from the 5% or 80,000 visitors recorded by the bureau in the past year.

MyCEB was established in 2010 by the Malaysian Ministry of Tourism. The bureau is tasked with assisting local and international meetings and event planners to bid for, secure and stage their events in Malaysia. According to MyCEB, the bureau has secured 92 bids for MICE events from January to June this year. MyCEB estimates the average spend of business visitors is around US$2,214 compared with US$632 from leisure tourists.

Ms Ho Yoke Ping, MyCEB’s general manager of Business Events, commented, “Right now, we want to focus more on bringing international and regional companies to Malaysia, to increase the spending by business visitors, and at the same time improve job opportunities for locals. Last year, we secured about 135 business activities worth around US$253 million and in 2014, we were hoping to achieve about 150.”

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Global Sources to launch new communications system

News this week: NASDAQ-listed Global Sources announced plans to launch a new Request For Information (RFI) management system in September. The platform aims to create a smooth, efficient communication process between buyers and suppliers.

According to Global Sources, its RFI system differs from existing online messaging systems in that it allows users to communicate seamlessly from their own email accounts or through Global Sources’ own online forms. The system will then capture and analyse incoming and outgoing communication to help users track the status of RFIs and follow up on specific sourcing requests. Users will be able to access the system through any device in order to check on the status of RFIs.

Spencer Au, CEO of Global Sources, remarked, “This represents a breakthrough in online sourcing communications between buyers and suppliers. In today’s international trade marketplace, there is an overwhelming glut of often questionable information online. The problem is how to filter and qualify the most reliable trade partner to work on a specific sourcing project. We have invested in this state-of-the-art system to improve the RFI communication process and further improve our reputation as the best platform for getting real business done.”

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CyberMedia’s financials continue to decline

News this week: Indian specialty publisher, CyberMedia, has announced results for the quarter ended 30th June 2014. Revenues in the quarter were US$2.1 million, a year-on-year decrease of 20%. In the same period, the company recorded a net loss of US$90,000, compared with a net profit of US$129,000 in the same quarter last year. Dilute earnings per share in the period were US$0.027.

CyberMedia’s media services business (comprising IT & telecom research and a content marketing agency) generated US$1.4 million or 64% of total revenues in the quarter – a decrease of 5.6% compared with the same period in 2013. The remaining revenues were generated by Cybermedia’s media business segment (i.e. its publishing business), amounting to US$766,000 – down 37% compared with the previous year.

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TTG records loss in the first half

News this week: Last week, Hong Kong-listed Sino Splendid (formerly China.com) announced its results for the six months ended 30th June 2014. TTG Media, an Asian travel trade publishing group owned by Sino Splendid, generated revenues of US$4.0 million, down 35% year-on-year. The company attributed the decrease to strong competition in the travel media industry and a revenue shortfall from the event management contract related to the ATF 2014 (ASEAN Tourism Forum).

The company recorded a net loss of US$856,000 from its continuing operations, compared with a profit of US$1.7 million in the first half of 2013. The company has discontinued its Internet portal business, which did not generate any revenues in the reporting period.

For the quarter ended 30th June, revenues from the continuing operations were US$2.5 million, down 18% vs. the same quarter last year. The loss from continuing operations in the period was US$886,000, compared with a profit of US$1.1 million recorded last year.

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CCID’s first half revenues down, but profits up

News this week: Earlier this month, Hong Kong-listed CCID Consulting reported its interim results for the six months ended 30th June 2014. Revenues were US$9.5 million – an 11% decrease year-on-year. However, the company recorded a net profit of US$573,000, up 17% compared with the same period in 2013. Earnings per share in the six-month period were RMB 0.0051.

More than 60% of CCID’s revenues were generated from its management & strategy consultancy services amounting to US$5.8 million. This is a 14% decrease compared with the first half of 2013. The company’s second largest business segment, information engineering supervision services generated US$2.6 million which accounted for 27% of CCID’s total revenues – that is a year-on-year decrease of 4.6%. The remaining revenues were generated from its market research services, which slid 6.6% versus the same period in 2013.

CCID also released its results for the quarter ended 30th June. Revenues in the quarter were US$5.0 million, down 19% over the same quarter in 2013. Net profit increased 28% compared with last year rising to US$462,000.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Dalian Northern International in OTC listing

News this week: Last week, Dalian Northern International Exhibition Co., Limited (DFB Expo) began trading on the National Equities Exchange and Quotations (NEEQC), an “over-the-counter” board based in Beijing. DFB’s ticker is 831023.

The NEEQC acts as an alternative “third board” to the Shenzhen and Shanghai Stocks Exchanges. The NEEQC offers over-the-counter (OTC) trading - an alternative means for small- and medium-sized enterprises (SMEs) to gain financial backing. The minimum threshold for listing on the OTC is lower than those required on China’s two main stock exchanges.

Headquartered in Dalian, DFB Expo was established in February 2009 and operates mainly as an exhibition and conference organiser. DFB Expo reportedly has total assets of US$24 million. DFB Expo operates branches and offices in Vancouver, Hong Kong, Beijing, Shanghai, Shenzhen, Shenyang, Harbin, Chengdu and Jinan.


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Friday, August 15, 2014

Intertextile Pavilion Shenzhen 2014 grows by 33%

News this week: Close to 700 exhibitors from eight countries and regions joined Messe Frankfurt’s Intertextile Pavilion at the Shenzhen International Trade Fair for Apparel Fabrics and Accessories. The show was held from 10th to 12th July at the Shenzhen Convention and Exhibition Center (SZCEC), and covered 30,000 m2 of exhibition space – up 33% from 2013.

According to Messe Frankfurt, the show set a new record for buyer attendance attracting more than 17,500 from 27 countries and regions – an increase of 34% compared with 2013. The number of exhibitors was also up 13% vs. last year’s edition. Group pavilions at the 2014 show included those from Taiwan, Korea and India.

Wendy Wen, senior general manager of Messe Frankfurt (HK), commented, “The general consensus of our exhibitors was that there is a lot of potential in the south of China, and that this fair is the best platform to tap into that. The rise in both exhibitor and buyer numbers confirms that there is a need for a fair of this type in the region, and we feel it complements our existing apparel fabrics and accessories fairs in Shanghai well.”

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Global Sources opens China Sourcing Fair in Brazil

News this week: NASDAQ-listed B2B media group, Global Sources, opened its China Sourcing Fairs in Brazil on 11th August at the Imigrantes Exhibition Center in Sao Paulo. The event ran until 13th August.

This edition of the China Sourcing Fairs featured products from a variety of categories including: electronics, gifts & premiums, hardware & building materials, and garments & textiles. According to Global Sources, trade between China and Brazil in 2013 was US$83.3 billion, making China Brazil’s largest trading partner.

Tommy Wong, president of Global Sources Exhibitions, said, “This is the third year for our show in Sao Paulo, we have been able to understand greatly the types of products that are appropriate for the Brazilian and South American markets. Our suppliers, nearly 60% of whom are seeking local representation in Brazil, are exhibiting new products that the market demands.”

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3,000+ exhibitors at UBM’s health food shows in Shanghai

News this week: UBM Sinoexpo, a joint venture subsidiary of UBM in China, recently concluded six co-located shows occupying all 17 halls at the Shanghai New International Expo Centre (SNIEC). The shows included Healthplex & Nutraceutical China (HNC) and Fi Asia-China, a food ingredients show. UBM Asia reported a total of more than 3,000 exhibitors participated in the shows which were held from 26th to 28th June 2014.

According to UBM, the co-located shows drew more than 63,300 visitors from 131 countries and regions, up 10% compared with 2013. The food-themed shows together featured more than 900 exhibitors.

Health food and nutritionals event, Healthplex & Nutraceutical China (HNC), attracted more than 100 international exhibitors originating from the U.S., U.K., Netherlands, Australia, Japan, Korea, and Brazil showcased their products. Other co-located fairs included Food Ingredients Asia-China (Fi Asia-China, Hi & Ni), food machinery and packaging show Expo FoodTec, pharmaceutical ingredient show CPhI China, and the newly acquired Starch Exhibition.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.