Weekly Newsletter
Tokyo, 12th October: The Tokyo Metropolitan Government’s (TMG) plan to close Tokyo’s largest purpose-built exhibition venue, Tokyo Big Sight (TBS), during the 2020 Summer Olympics has led to street protests by Japan’s exhibition industry association.
Read MoreAustralia, 4th October: Last week, Luxperience, a luxury travel trade forum in Australia, was sold to Diversified Communications Australia for an undisclosed sum.
Read MoreBangkok, 28th September: International optical fair, Silmo, has announced plans to expand to Bangkok next year. Silmo Bangkok will be held at IMPACT Exhibition and Convention Center from 20th to 22nd June 2018.
Read MoreShare price movement
Read MoreKuala Lumpur, 2nd October: Malaysia Convention & Exhibition Bureau (MyCEB) has announced two promotions, Ms. Tan Mei Phing as Senior Manager, Marketing & Communications, and Mr. Izad Ismail Abdullah as Manager, PR & Communications.
In her new position, Ms. Mei Phing will be responsible for the Marketing & Communications Division, including Marketing & Branding, Industry & Product Development, PR & Communications, and Market Research. She will report directly to CEO of MyCEB, Datuk Zulkefli Hj. Sharif. While, Mr. Izad will manage PR & Communication activities for MyCEB’s Business Events and Malaysia Major Events divisions.
Hong Kong, 28th September: Hong Kong-listed Pico Far East Holdings Limited has formed a new company, “Imaginators”. The new company will support the “Pico+” offerings.
The new company offers services such as strategic audits and analysis, customer intelligence, the creation of IP events and live experiences, and communications strategies and tactics.
Singapore, 29th September: According to media reports, Singapore secured several large-scale events in the first half of 2017 ranging from world congresses to regional exhibitions to conferences. Some of the events will be held for the first time in Southeast Asia bringing Singapore an additional 20,000 visitors.
Recently confirmed congresses include: International Urogynecological Association (IUGA) Annual Meeting to be held in 2021 featuring some 1,200 healthcare professionals; the 20th International Congress of Endocrinology (ICE) in 2022 with more than 4,000 endocrinologists; and the World Congress of Anaesthesiologists (WCA) in 2024, targeting 8,000 delegates. Institute of Electrical and Electronics Engineers (IEEE) will bring two events, the 46th Annual Conference of the IEEE Industrial Electronics Society (IECON) in 2020 featuring 1,300 overseas attendees; and IEEE International Conference on Acoustics, Speech and Signal Processing in 2022 with about 2,000 attendees. The two congresses will be held for the first time in Southeast Asia.
Asia & Europe, 28th September: The Wall Street Journal has announced plans to end print editions in both Europe and Asia due to increasing costs and decreasing advertising revenues. The European edition was launched in 1983, while the Asia edition was launched in 1976. Both editions will end later this month.
As a result of the decline in advertising revenues, The Wall Street Journal has introduced “WSJ 2020” which is a three-year plan to encourage news consumers to access The Journal via their mobile phones. According to The Wall Street Journal, ad revenue fell 12% in the most recent quarter, but the publication has 1.3 million digital-only subscribers.
Share price movement
Read MoreHangzhou, 25th September: China’s largest e-commerce company, the Alibaba Group, has announced plans to invest RMB 5.3 billion (US$807 million) in Cainiao Smart Logistics Network Limited, Alibaba’s logistics affiliate. This will raise Alibaba’s stake in the business from 47% to a majority position of 51%.
Read MoreHong Kong, 27th September: Earlier this week, the Hong Kong Exhibition and Convention Industry Association (HKECIA) released the results of its annual exhibition survey. A total of 83 exhibition organisers responded including both “trade” and “trade and consumer” event organisers. To quality, the organisers must have hosted an event with a minimum size 2,000 m2 held during the previous year.
Read MoreKuala Lumpur, 21st September: International exhibition organiser, UBM plc, announced at its security, fire and safety event, IFSEC Southeast Asia in Kuala Lumpur that future editions of the event will alternate between Bangkok and Kuala Lumpur beginning next year.
Read MoreBangkok, 22nd September: This week, Comexposium announced plans to co-organise Concrete Asia with IMPACT. The event will be co-located with INTERMAT ASEAN in 2018.
Read MoreHong Kong, 26th September: Global Sources will host its 2017 fall series of trade shows next month at Hong Kong’s AsiaWorld-Expo (AWE) featuring some 9,000 booths.
Read MoreHong Kong, 22nd September: Mega Expo (formerly known as Kenfair), a Hong Kong-based exhibition and event organiser, announced its financial results for the year ended 30th June 2017. The company reported total revenues of US$13 million – down 36% compared to the previous year. The company reduced its net loss to US$5.03 million compared with a loss of US$8.7 million in 2016.
Read MoreShare price movement
Read MoreParis/Sydney, 19th September: This week, UFI, the Global Association of the Exhibition Industry, and EEAA, the Exhibition and Event Association of Australasia, signed a memorandum of understanding (MOU) in Sydney agreeing to cooperate in a number of key areas.
Read MoreMalaysia, 19th September: Last week, at the Malaysia Association neXt (MyNext) 2017 Conference in Kuala Lumpur, the Malaysian Society of Association Executives (MSAE) was officially established. Dato’ Dr Zaliha Omar was appointed as the association’s first president.
Read MoreThailand, 19th September: Last year, Thailand Convention and Exhibition Bureau (TCEB) launched its “Meet Double Cities” package as part of the Thailand Connect campaign. Recently, TCEB has announced its intention to extend the package through to the end of 2018.
Read MoreBangkok, 4th September: International exhibition organiser, NürnbergMesse, will expand its BIOFACH portfolio to Thailand next year. BIOFACH Southeast Asia will be held at the IMPACT Exhibition Center from 12th to 15th July 2018 and will be held concurrently with the Natural Expo Southeast Asia.
Read MoreBusiness Strategies Group is the only market intelligence & strategy consulting firm in Asia with a special focus on business media, information and events. Our services include research, market intelligence, mergers and acquisition support and strategy development.
Subscribe to our free brief industry newsletter to receive a weekly update on the latest in B2B media in Asia.
