TYSONS, Va., May 23 (Bernama) -- Cvent, a market leader in meetings, events, and hospitality technology, today released its annual list of the Top 50 Meeting Hotels in Asia Pacific
. The list was compiled by analysing meeting and event booking activity through the Cvent Supplier Network (CSN), one of the world’s largest venue sourcing platforms. More than USD $16 billion and more than 42 million room nights were sourced through the CSN in 2018, including an increase of nearly 15% in sourcing volume in APAC over 2017. Cvent’s Top Meeting Hotels lists rank venues based on MICE performance according to various criteria, including total requests for proposals (RFPs) and conversion rate.
"The venues featured on this year’s lists are elevating their MICE strategy through innovative digital marketing and quick and complete online responses to RFPs – which is exactly what event organisers want,” said Chris McAndrews, vice president of marketing for Cvent Hospitality Cloud. "Our Top Meeting Hotels lists are consistently used by event organisers to find great hotels and by hoteliers looking to set themselves apart to increase their property’s group business revenue.”
TOKYO, May 23 (Bernama) -- Thai Wah Public Company Limited (“TWPC”), a listed company in Thailand, informed Japan Corn Starch (“JCS”) of its intention to acquire JCS’s 33.3% shares in Tapioca Development Corporation Limited (“TDC”) in order to potentially relocate the factory located in Pattaya Beach, Thailand, based on the expiration of the original lease agreement entered into thirty years ago. TWPC strongly requested JCS to transfer all of JCS stake in TDC for the smooth restructuring of TDC due to the expiration of the lease agreement. JCS understood TDC’s business strategy and its necessity to perform its obligation set forth in the lease agreement with its land owner for the lease of the land where the TDC’s factory has operated for thirty years. Therefore, JCS decided to agree to transfer all of its shares in TDC.
Given the foregoing background, effective as of April 24, 2019, JCS completed the transfer of all of its shares (33.33%) in TDC to Thai Wah Bio Power Limited (“TWBP”) which is a subsidiary company of TWPC. TDC is a manufacturer and distributor of modified starch in Thailand, and it was anticipated that the lease agreement with the land owner of the site of the factory in Pattaya Beach Thailand would not be renewed.
HONG KONG, May 23 (Bernama) -- Japan’s non-life insurers are facing pressure to rebuild catastrophe reserves amid rising reinsurance costs that follow a catastrophe loss-heavy year in 2018, according to a new AM Best market segment report.
Last year marked a record for natural disasters in Japan as a series of events resulted in significant insured losses, the costliest being Typhoon Jebi. In the new Best’s Market Segment Report
, titled, “Japan Non-Life Insurers Focus on Profitability,” AM Best states that because of the disasters, Japan’s non-life carriers released a sizeable portion of their catastrophe reserves. The amount of catastrophe reserves released by Japan’s three non-life insurance giants—Tokio Marine & Nichido Fire Insurance Co. Ltd., MS&AD Insurance Group Holdings, Inc., and Sompo Japan Nipponkoa Insurance Inc.— in the third quarter of fiscal-year 2018 (October-December) totaled approximately JPY340 billion (USD3.07 billion). These reserve releases represented a 13% net reduction of the insurers’ overall catastrophe reserves balance. The vast majority of these reserve releases came from the fire and allied line, and as a result, catastrophe reserves for this line declined by nearly 40%.
NEW YORK, May 23 (Bernama) -- PVH Corp. [NYSE:PVH], one of the world’s largest apparel companies and owner of iconic brands, including CALVIN KLEIN, TOMMY HILFIGER
, Van Heusen
, and IZOD
, announced today the appointment of Stefan Larsson to the newly created role of President, PVH Corp. effective June 3, 2019. Mr. Larsson will have the responsibility for managing PVH’s branded businesses and regions, with each of the three brand CEOs and the Regional Presidents reporting to him. He will report to Emanuel Chirico, PVH’s Chairman and Chief Executive Officer. In connection with this announcement, Mr. Chirico signed a new five-year employment agreement with the Company.
PVH Presiding Director, Henry Nasella commented that “With the signing of Manny’s new employment agreement and the hiring of Stefan in the newly created role of President, we believe that PVH is extremely well-positioned from a leadership and a management succession perspective to continue to execute our strategic plans well into the future.”
The second-ever CEO RepTrak® study, performed by the Reputation Institute, states acting responsibly, behaving ethically, and caring about social issues are the most important drivers of CEO reputation
DALLAS, May 23 (Bernama) -- Mary Kay Inc., a global beauty brand, today announced that Chairman and CEO David Holl is among the top ten most reputable chief executives in the world according to the Reputation Institute’s CEO RepTrak 2019. The Reputation Institute, the world’s leading provider of reputation measurement, measured the reputation of more than 140 global CEOs and canvassed more than 230,000 individual ratings among the informed public. The study was conducted in January and February of this year.
“David’s leadership and operational expertise since being named CEO in 2006 has contributed significantly to Mary Kay’s success,” said Richard R. Rogers, son of Mary Kay Ash, co-founder and Executive Chairman of the Board. “Mary Kay is a brand born of purpose, and David’s steadfast commitment to our founding values has made him a truly extraordinary chief executive officer and people leader.”
KUALA LUMPUR, Malaysia, May 23 (Bernama) -- Colony, Malaysia's leading luxury coworking space, famed for its eccentric design and personalised services, was named the recipient of the "Best Office Interior" during the inaugural Asia Pacific Property Awards 2019 - 2020 ceremony held at the Marriott Marquis Queen's Park, Bangkok.
"We are truly honoured to have our coworking spaces recognised by the Asia Pacific Property Awards," said Audrey Ooi, Executive Director of Colony Coworking Space. "This award is a testament to the high level of commitment we place in setting the standard for exceptional workspace and service excellence to every guest who steps into our spaces."
ZHU HAI CITY, China, May 23 (Bernama) -- From May, 17th to 18th in 2019, “China-ASEAN Center for Joint Research and Promotion of Marine Aquaculture Technology” and “China Seaweed Base for International Science & Technology Cooperation” established by Sun Yat-sen University and Ocean University of China held the Development of China-ASEAN Mariculture Industry Development Forum and “Seaweed Cooperation Workshop” in Zhuhai, China.
39 international representatives from 28 bodies that from Indonesia, Malaysia, Philippines, Thailand, Vietnam, Cambodia and other ASEAN countries and International organizations such as the Food and Agriculture Organization of the United Nations (FAO), ASEAN Fisheries Education Network (ASEAN-FEN), Asia-Pacific Aquaculture Center Network (NACA), and more than 300 representatives from 100 educational, scientific and corporation units in China attended this conference.