HKTDC launches Marketplace App

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Hong Kong, 1st February: The Hong Kong Trade Development Council (HKTDC) officially launched the first phase of its Marketplace App at four consumer fairs last month. The rollout will take place in three phases. This follows a soft launch in November last year.

 

The HKTDC Marketplace App includes an e-Badge feature, which was reportedly well received and will be introduced at most of the HKTDC’s trade fairs this year. Other features in the new app include: HKTDC product magazines and supplements, the HKTDC Online Marketplace and hktdc.com’s “Small Orders.”

Philippines announced details of MICE Roadmap

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Philippines, 23rd January: This week, the Philippines released further details regarding its MICE Roadmap designed to attract more business events to the country. Some of the new measures include reducing the cost of organising business events as well as addressing a variety of other issues that hamper the development of the local business events industry.

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Pico Far East’s revenues down 4% in 2017

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Hong Kong, 24th January: Hong Kong-listed Pico Far East announced its annual results, for the year ended 31st October 2017. The company reported total revenues of US$510 million, down by 4% year-on-year. The company attributed the decline to the end of two non-recurring mega projects in the previous year. The company’s net profit fell 6.3% during the year, down to US$36 million. Diluted earnings per share for the year were HK$0.2286 (US$0.029).

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Informa acquires UBM for US$5.2 billion

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London, 17th January: Earlier this week, London-listed UBM plc and Informa plc, announced that they were engaged in serious acquisition discussions. Within 24 hours, it was announced that Informa would acquire UBM in a US$5.2 billion deal. The deal is still pending approval from the two boards and relevant regulators. Together, the two companies will become the world’s largest exhibition organiser with a global market share of approximately 6%.

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Pico Thailand’s profits up 29% in full year results

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Bangkok, 8th December: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, announced its full year financial results for the year ended 31st October 2017. The company reported total revenues of US$41 million, which is a decrease of 2.2% year-on-year. The decrease was attributed to the relatively poor performance of its event marketing business.

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