KUALA LUMPUR, Dec 30 (Bernama) -- The executive aviation industry is going through its biggest-ever transition with businesses and ultra-high-net-worth (UHNW) travellers developing a greater awareness of the huge time and convenience benefits it offers, said executive aviation services provider, Jetex.
Its founder and chief executive officer Adel Mardini said the industry has shown its ability to adapt and remain connected to its customers, spurring their desire to travel and discover within an environment of luxury and supreme service. In the company’s 2022 annual review, Mardini said data from aviation data research firm, Wingx, revealed that 2021 saw 3.3 million private flights globally, the most on record, and the industry is set to grow by 10 per cent in the post-pandemic period. “A much larger number of ultra-premium passengers continue to fly private rather than returning to first or business class. There has also been an increase in first-time private flyers for both business and family travel. “As a result, sales demand for both new and pre-owned jets has climbed to record levels and is expected to continue, with 8,400-8,500 new business jet deliveries between 2022 and 2031 at an estimated value of US$264-US$274 billion (US$1=RM4.415),” he said. Mardini said demand for private air travel is expected to grow further year-on-year (y-o-y), and Jetex is thrilled to be part of the growth. “With more flexibility, time efficiency, and a larger possible reach, the demand for private air travel is expected to grow further y-o-y and Jetex is thrilled to be part of this ongoing success story,” he said. Jetex is recognised for delivering flexible, best-in-class trip support solutions to customers worldwide, and its services include private terminals, aircraft fueling, ground handling and global trip planning. The Jetex 2002 review on the executive aviation industry can be accessed here. -- BERNAMA
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KUALA LUMPUR, Dec 30 (Bernama) --The Yufeng District in Liuzhou City, China received a total of 8.96 million tourists in 2021, an increase of 16.43 per cent year-on-year (y-o-y), while tourism consumption rose by 17 per cent y-o-y to 10.181 billion yuan (100 yuan=RM63.33), driven by cultural tourism. The Yufeng District has deeply delved into its own resource endowment, striving for innovation and changes while adhering to its traditions, and comprehensively promoting the cultural tourism industry in its jurisdiction to take a new step towards high-quality development. In the first half of 2022, its total number of tourist arrivals and tourism consumption ranked first in all counties and districts of Liuzhou City. According to a statement by the Publicity Department of Yufeng District, to strengthen development, Yufeng District promoted the construction of cultural tourism projects, advocating investment attractions of its cultural tourism industry and cultivating cultural tourism projects. The district also launched the 5G+Virtual Reality (VR) science and technology theme park known as Xiangyun Snail Park, injecting new power and adding new vitality to the economic development in the jurisdiction. In 2016, Yufeng District set up the Liuzhou River Snail Rice Noodle Industrial Park, with 48 enterprises engaged in producing river snail rice noodles, a street delicacy in Liuzhou City. With a daily production and sales of nearly four million bags, the industrial park is China’s largest bagged river snail rice noodle-producing area. -- BERNAMA KUALA LUMPUR, Dec 30 (Bernama) -- United States (US)-based Abel Noser Holdings, a market leader in institutional trade analytics and agency-only trading solutions, has notched a number of noteworthy achievements, including new product launches, numerous industry partnerships, and a ramping up of trade surveillance services this year.
In a statement, Abel Noser said its analytics arm, Abel Noser Solutions, began offering a first-of-its-kind global options transaction cost analysis product that covers all options strategies, from covered calls to complex spread strategies. “The offering enables clients to quantify the transaction costs of options hedging, income and more speculative strategies while evaluating broker performance metrics and execution quality,” it said. Abel Noser co-chief executive officer (CEO), Peter Weiler said the company expects best execution requirements for brokers and managers to continue to be updated and quantified, including calls for more fixed income transparency, pending updates to SEC Rule 605 and various US Financial Industry Regulatory Authority (FINRA) directives for the coming year. “We also expect a continued ramping up of electronic and algorithmic trading, plus a greater emphasis on trading clarity and oversight from all sectors,” he said. Its subsidiary, Zeno AN Solutions has also launched environmental, social and corporate governance (ESG)-agnostic consensus rating product for asset owners that provides portfolio-level analysis to help assess, measure and monitor the degree to which management practices are consistent with the client’s ESG policies. The group had also developed a set of new regulatory tools to help brokers identify improper or illegal trading activity while implementing the best execution. This year, Abel Noser has set up strategic liaisons with major industry players like JP Morgan’s Neovest and partnerships with more niche players, including working with the Hackett Group for minority and/or women-owned business enterprise (MWBE) brokerage programmes, and OWL ESG for consensus ESG data that powers the new fund holdings analysis product. Co-CEO, Steve Glass said that the management is proud of the many successes that its top-notch team has accomplished this past year and looks forward to applying the firm’s resources and leading position as the overall market matures and becomes more data-driven. -- BERNAMA AsiaNet 99356 China-Malaysia Virtual Power Plant Project Achievements Conference was held online on Dec. 30. SHANGHAI, Dec. 30, 2022 /Xinhua-AsiaNet/-- On December 30, the "China-Malaysia Virtual Power Plant Project Achievements Conference and China-Malaysia Virtual Power Plant Development Cloud Forum" was held online by SPIC Shanghai Energy Technology Development Co., Ltd. (hereafter as SETD) to jointly explore the development trend of virtual power plants under the worldwide green and low-carbon transformation. Shanghai Energy Technology Development Co., Ltd. (SETD) is a subsidiary of China's State Power Investment Corporation Limited which is one of the five largest power generation groups. This event is of great significance for China and Malaysia in the cooperation of virtual power plant business and promotes the green and low-carbon energy transformation. In recent years, as an important configuration in the transformation of new power system, virtual power plant has become increasingly mature in policy support, technical verification and business model, etc. In 2022, SETD, together with domestic and Malaysian universities and counterparts, led the preparation of the research report Development Potential Analysis and Cooperation Prospect of VPP in China and Malaysia both in English and Chinese. The report offers an in-depth analysis of the energy and power development status of China and Malaysia and the development potential of virtual power plants in the two countries. It also puts forward a preliminary design of the operation scheme of virtual power plants in Malaysia, as well as suggestions for bilateral cooperation in this field. At the forum, the panelists exchanged views and gave suggestions around the development status and trend of new energy and energy storage in Malaysia, and the development potential, technical research, construction and operation and business model of virtual power plant. In the new wave of energy revolution characterized by large-scale development and utilization of new energy, virtual power plant has played an increasingly important role in the energy transformation and development of power system. Looking forward, China and Malaysia will work together to promote green, low-carbon and smart energy transition and make new contributions to tackling climate change and achieving sustainable development for mankind. Source: Shanghai Energy Technology Development Co., Ltd. Image Attachments Links: Link: http://asianetnews.net/view-attachment?attach-id=436765 Caption: China-Malaysia Virtual Power Plant Project Achievements Conference was held online on Dec. 30. SHENZHEN, China, Dec. 30, 2022 /Xinhua-AsiaNet/--
The 18th China (Shenzhen) International Cultural Industries Fair (ICIF) kicked off on December 28, 2022. This year's ICIF is held mainly offline, complemented by synchronized online exhibitions. It is estimated that over 2,500 governmental delegations, cultural institutions and businesses will attend the fair on site, while 800 institutes and enterprises will set up online booths. The ICIF is the first cultural fair in China recognized by the Global Association of the Exhibition Industry (UFI). Since its inception in Shenzhen in 2004, the fair has seen a continuous increase in exhibition scale, audience, and level of internationalization. It has now grown into a key engine for China's cultural industrial growth, as well as an important platform and window to spread Chinese culture to the world, according to Shenzhen Municipal People's Government. According to statistics, every year, the ICIF gathers over 100,000 exhibits from cultural and creative industries at home and abroad, and more than 4,000 cultural investment and financing projects are displayed and traded at the fair. By participating in the event, numerous excellent overseas businesses and institutions have successfully expanded their market and found new opportunities for cooperation and development. Notably, an International Exhibition Hall has been set up on this year's Cloud ICIF. A total of 300 overseas cultural institutions and businesses from 30 countries and regions across the globe have been invited to the online fair. Domestic and foreign cultural products and projects are being displayed on the online platform, with a strong emphasis on promoting cultural exchange and trade between China and other countries along the Belt and Road, and expanding the international network for cultural trade. Miao Song, founder and director of the Canada China Art-Tech (CCAT), brought along its Canadian partners Telefilm Canada, Concordia University, and The 7 Fingers. She said, "This is the 4th time we have participated in the ICIF. This year we see more participating countries and more diverse exhibits. Particularly, the technology culture products have never failed to impress me." In response to a question on why the CCAT takes part in the fair, Director Song believes that the CCAT shares many core values with the ICIF in supporting the growth of China's cultural industry and assisting Chinese cultural products in reaching a global audience. She added: "The CCAT exhibits are diversified, embracing science and technology, arts, academia and humanities, and other sectors, so it fits well with the ICIF's high-quality, diverse and comprehensive display mode." Additionally, this fair has opened up new avenues for attracting foreign investment and exhibitors, so as to engage more domestic and international cultural institutions and businesses, and help exhibitors accelerate their integration into China's "dual circulation" development pattern and develop new markets. It will build itself into a significant cultural platform for international procurement, investment promotion, people-to-people exchange, and open cooperation. A total of 10,931 buyers from 108 countries and regions, like France, Germany, and Pakistan, have registered for the online fair. Ambassador JUDYTH NSABABERA from Consulate General of the Republic of Uganda in Guangzhou said: "This year, we are honored to participate in the 18th ICIF online and offline. We hope that through this exchange, we can show our African culture, products and projects on such an excellent platform as the ICIF, and we also hope that through this ICIF we can help the development of cultural industries in China and Uganda reach a higher level." As a state-level, international and comprehensive fair for cultural industries, the ICIF has celebrated 17 sessions so far. It has promoted the development of cultural industry across the country as well as that of Shenzhen City. The fair has become a signature event to showcase Shenzhen's achievements in economic, social and cultural development and an important window into this growing metropolis. Currently, the added value of Shenzhen's cultural industries has exceeded 25 million yuan, accounting for over 8% of the city's GDP. Director Song Miao said, "Shenzhen is an international city with high inclusiveness and a front-runner in opening up. Boasting a large number of high-tech enterprises and a huge market, it has maintained a robust growth momentum in foreign investment and continuously witnessed an increase in the number and scale of businesses going global. The CCAT wants to further cooperate with Shenzhen businesses and institutions in film-making, film-related activities, technology development, and project venture capital investment to achieve win-win results. In addition, we would like to express our sincere thanks to and our full confidence in the ICIF's positive role in boosting the cooperation." Source: Shenzhen Municipal People's Government --BERNAMA |
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