Latest news with #Conferences
Borneo Post
3 hours ago
- Business
- Borneo Post
SUPP man hits back at Chong, defends new Sarawak airport as long-term investment
Kua says expanding Kuching International Airport is unsustainable due to its landlocked location. KUCHING (Aug 20): Sarawak United People's Party (SUPP) Engkilili chairman (SUPP) Kua Jack Seng has hit back at Democratic Action Party (DAP) Sarawak chairman Chong Chieng Jen, saying his opposition to the proposed new airport project is politically motivated and ignores Sarawak's long-term development needs. The Political Secretary to the Sarawak Premier said expanding Kuching International Airport (KIA) is unsustainable due to its landlocked location. 'Even with an investment of RM100 million, it would only serve as a stop-gap measure for about 10 years. After that, Sarawak would still need a new airport. 'Should Sarawak keep 'patching up' indefinitely, or should we plan boldly for the next 30 to 50 years?' he said in a statement today. Kua argued that the project is not just about capacity but about positioning Sarawak as a regional aviation hub and international gateway. 'How can Sarawak attract more global flights, develop as a Meetings, Incentives, Conferences and Exhibitions (MICE) hub, or draw multinational investments if we continue operating from a constrained airport?' he said. Chong in a statement earlier had said that the RM10 billion airport is a misplaced priority that does not align with the actual needs of the people. He said said the massive expenditure would be better used to uplift the 'world-class living standard' of Sarawakians, rather than investing in a 'world-class' building that showcases state wealth. Chong questioned the necessity of building a new airport, pointing out that the current KIA is significantly underutilised. With that, Kua defended the state's fiscal capacity to fund the project, dismissing Chong's comparisons to federal overspending in the Mahathir era. 'Equating our prudent financial management to federal overspending decades ago is an insult to Sarawak's sound fiscal discipline,' he said. Kua further said Sarawak should not accept 'crumbs' in federal funding while other states receive billions in infrastructure investment. 'The new airport is not just about size; it is the runway for Sarawak's aviation independence and international connectivity,' he said. Kua said Chong's position reflects a 'federal-centric mindset' that discourages Sarawak from dreaming big, adding that the new airport is not wasteful spending, but an investment in Sarawak's future. 'It is a foundation for the next 30 to 50 years, positioning Sarawak as an international gateway and a key aviation hub in the region. 'SUPP firmly believes Sarawakians deserve more than just a token expansion. They deserve infrastructure that matches their resources, potential, and rightful place in Malaysia,' he said. Chong Chieng Jen Kua Jack Seng Kuching International Airport
Mint
18-07-2025
- Business
- Mint
Indian Hotels books steady stay in Q1, but high growth may be tough to sustain
Even with turbulence in the skies and disruptions on the ground, The Indian Hotels Co. Ltd managed to steer through Q1FY26 with stable growth, though not without a few bumps in the margins. The company reported a 32% year-on-year growth in consolidated revenue to ₹2,041 crore for the June quarter (Q1FY26), broadly in line with analysts' expectations. The consolidation of TajSATS airline catering business from August benefitted growth. Excluding TajSATS, revenue growth stood at a decent 13%, despite operational headwinds such as Operation Sindoor, flight disruptions and broader geopolitical events. Also read: Chalet Hotels is gearing up for a major expansion. Should investors check in now? Margins under pressure These headwinds, along with an early wage hike implemented in Q1, weighed on profitability. The company's Ebitda margin declined by nearly 80 basis points year-on-year, settling at 28.2% for the quarter. Still, the company remains optimistic. Its core hotels segment, which contributes around 85% of total revenues, is expected to clock double-digit growth in FY26, led by strong demand in the MICE (Meetings, Incentives, Conferences and Exhibitions) segment. Q2 outlook stays firm The outlook for Q2 is expected to stay robust even as July last year was strong. According to Dolat Capital Market, FY26 will mark the fourth consecutive year of outperformance for Indian Hotels and the broader industry. 'Thus, sustaining high growth may become challenging," they wrote in a report dated 17 July. In Q1FY26, the company's standalone business reported an 11% growth in revenue per available room (RevPAR). Occupancy dipped by 90 basis points year-on-year to 74.3%, while average room rates (ARR) rose 12%. Indian Hotels continues to benefit from a healthy balance sheet. As of 30 June, gross cash reserves stood at ₹3,073 crore. For FY26, the company has outlined capital expenditure of ₹1,200 crore, which will be directed towards assets under construction, hotel renovations, expansion, and digital initiatives. Expanding hotel network In Q1FY26, Indian Hotels opened six new hotels including a Taj in Alibaug, two SeleQtions resorts in Lakshadweep, a Gateway in Coorg, and a Ginger in Dehradun. This takes its total portfolio to 392 hotels — of which 249 are operational while the rest are in the pipeline. Under its 'Accelerate 2030' strategy, Indian Hotels aims to grow its portfolio to 700 hotels by 2030. Also read: Hotel deals more than double in Jan-June to $225 mn, but momentum could weaken Valuation and market sentiment Analysts at Motilal Oswal Financial Services expect the company to maintain its growth trajectory, projecting a 16% revenue CAGR and 20% Ebitda CAGR over FY25–27, driven by room additions and ARR increases, while occupancy is seen improving slightly. However, the stock's rich valuations could limit near-term upside. Shares currently trade at 32x EV/Ebitda based on FY26 estimates, as per Bloomberg. The stock is down nearly 15% from its 52-week high of ₹894.90 touched on 30 December. 'Indian Hotels' business positioning remains strong, led by superior execution, industry tailwinds from a demand-supply mismatch (though narrowing), and a healthy balance sheet — notwithstanding rich valuations," analysts at Dolat Capital said in a 17 July report. Also read: ITC Hotels soared 30% from its low. Is it still a hidden gem?
Time of India
09-07-2025
- Sport
- Time of India
Emirates NBA Cup: 30 teams have been rounded up into 6 groups as the 2025 group draw results are revealed
Emirates NBA Cup (Image via NBA) Thirty teams from the Eastern and Western Conferences have come together once more for the 2025 Emirates NBA Cup. The group draw results are out, and each conference will have 3 groups, comprising 5 teams each, who will fight it out to become the winners of the third-ever NBA Cup. All 30 teams will begin their journey with the group stages before advancing to the knockout rounds, where 6+2 wildcard teams are set to compete to reach the quarterfinals, then semifinals, then finals, and finally become winners. Results for the Emirates NBA Cup group draws Each conference has three groups competing to reach the knockout stages. And which teams have been grouped together for the season are finally out. In both the Western and Eastern Conferences, we have Groups A, B, and C. So let's take a look at who all have been clubbed together. NBA Cup Group Draw Results (Image via X) Western Conference Group A: Oklahoma City Thunder, Minnesota Timberwolves, Sacramento Kings, Phoenix Suns, Utah Jazz Group B: Los Angeles Lakers, Los Angeles Clippers, Memphis Grizzlies, Dallas Mavericks, New Orleans Pelicans Group C: Houston Rockets, Denver Nuggets, Golden State Warriors, Portland Trail Blazers, San Antonio Spurs Eastern Conference Group A: Cleveland Cavaliers, Indiana Pacers, Atlanta Hawks, Toronto Raptors, Washington Wizards Group B: Boston Celtics, Detroit Pistons, Orlando Magic, Brooklyn Nets, Philadelphia 76ers Group C: New York Knicks, Milwaukee Bucks, Chicago Bulls, Miami Heat, Charlotte Hornets What is the format for the Emirates NBA Cup? The Emirates NBA Cup began as the NBA In-Season Tournament Champions Cup back in the 2023-24 season. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Then, during its second season, the league made some changes, renaming it the NBA Cup, among other things. The Milwaukee Bucks are the current champions, but let's see who ends up taking the cup back home this year. The format will follow last year's pattern, where each team is set to play four group stage games on 'Cup Nights' between October 31 and November 28, one each against the other. From the group stages, 8 teams will advance to the knockout stage - one winner from each group and a wildcard team from each conference. Finally, the Emirates NBA Cup quarter finals will take place on December 9 and 10, and then the semi-finals and finals will take place on December 13 and 16, respectively. Excitement for the upcoming season is high, and with the NBA Cup continuing this season for the third annual tournament, fans cannot wait to get back to the courtside. Also Read: NBA 2K26- Exploring the cover images, release date, cost, editions, and all Catch Manika Batra's inspiring story on Game On, Episode 3. Watch Here!
GMA Network
27-06-2025
- Business
- GMA Network
Korea aims to boost MICE tourism ahead of 2025 APEC Summit in Gyeongju
The Korean Tourism Organization (KTO) finished the Korea Meetings, Incentives, Conferences, and Exhibitions (MICE) Roadshow in Manila and Cebu on Thursday. The event, held at Fairmont Makati in Manila on Tuesday and Radisson Blu in Cebu on Thursday, aimed at promoting their MICE offers and regional tourism in time for the 2025 Asia-Pacific Economic Cooperation (APEC) Summit to be held at Gyeongju, Gyeongbuk. With the participation of 250 key travel industry players in Manila and 150 in Cebu, the program featured a Travel Mart for collaboration between Korean and Philippine tourism professionals, and a Korean MICE night, which will showcase Korean culture and MICE industry. During the event, KTO also launched their Gyeongbuk Plus Special Assistance Program, which offers up to KRW140,000 or around P5,800 per person for approved groups with bonus benefits. Included in their enhanced MICE initiatives were customized assistance and support for qualified corporate and incentive groups with a minimum of 10 foreign nationals staying in Seoul for at least 2 nights. 'The Korea MICE Roadshow Philippines 2025 aims to promote Korea as a premier MICE destination… This will even focus on the corporate meetings and incentive tour segments within the MICE industry. Ultimately, our goal is to attract more MICE travelers from the Philippines to Korea,' said Korea MICE Bureau Executive Director Chang Wook Jung in a media interview. 'Manila and Cebu are two of the most important MICE markets in the Philippines. By holding the roadshow in both cities, we ensure wide industry engagement and better access to stakeholders who are driving outbound MICE travel in the country,' he added. Korea remains a premium tourist and business destination worldwide, having hosted 243 international conferences and handling at least 10,000 MICE travelers from the Philippines in 2024. The KTO highlights Korea's convenient, safe, and seamless travel experience through their infrastructure, smart technology, and domestic transport network as key advantages of their tourism. They also placed importance on the viral K-Culture as one of their strongest global assets at the center of their MICE strategy. 'We integrate K-Pop concerts, Korean cuisine, fashion, beauty, and cultural workshops into business events to offer immersive, unforgettable experiences. MICE travelers today want more than meetings—they want cultural enrichment and inspiration, and Korea delivers that through K-Culture,' added Chang. Tourism efforts The Philippine Travel Agencies Association welcomed Korea's move, stating that agreements between the KTO and PTAA to further boost MICE tourism efforts between the two countries will promote new opportunities. 'The signing of the memorandum between the Korean Tourism Organization and the Philippine Travel Agencies Association is more than just a formal agreement. It is a celebration of shared vision, mutual respect, and a strong partnership rooted in our passion for tourism and cultural exchange," said PTAA Vice President Dominic Castillejos. "These collaborations aim to open exciting opportunities, particularly in promoting Korea as a premier destination for MICE destination for the Filipino market. We are confident that through this partnership, we will create new strategies, inspire greater interest in Korea, and bring forth meaningful programs that will benefit both countries and industries,' he added. Korean tourists, according to the Bureau of Immigration (BI), were the Philippines' biggest source of arrivals with 1,761,281 South Koreans visiting the country in 2024. — Jiselle Anne Casucian/BAP, GMA Integrated News
Yahoo
02-06-2025
- Business
- Yahoo
M-tron Industries, Inc. to Present and Host 1x1 Investor Meetings at the 15th Annual East Coast IDEAS Investor Conference on June 11th in New York, NY
ORLANDO, Fla., June 2, 2025 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI, MPTI WS) ("Mtron" or the "Company") today announced Cameron Pforr, Interim Chief Executive Officer, and Bill Drafts, President, will present at the East Coast IDEAS Investor Conference on Wednesday June 11, 2025 at The Westin Times Square in New York, NY. Mtron's presentation is scheduled to begin at 3:30 p.m. ET. The presentation is webcast and can be accessed through the conference host's main website: and in the investor relations section of the Mtrob's website: Management will speak to Mtron's continued momentum in the defense and aerospace, and commercial avionics sectors, including its products' use in precision guided munitions, radar, electronic warfare, commercial and defense-related airframes, drone/UAVs, and space and satellite systems. Mtron plays a key role in the U.S. national security space as a U.S.-based manufacturer of radio frequency components and solutions for both the U.S. Department of Defense as well those of our allied nations. About IDEAS Investor ConferencesThe mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are "SPONSORED BY INVESTORS. FOR INVESTORS." and for the benefit of regional investment communities. Conference sponsors collectively have more than $200 billion in assets under management and include: 1102 Partners, Adirondack Research and Management, Allianz Global Investors: NFJ Investment Group, Ariel Investments, Aristotle Capital Boston, Ascend Wealth Advisors, Barrow Hanley Mewhinney & Strauss, BMO Global Asset Management, Constitution Research & Management, Inc., Diamond Hill, First Wilshire Securities Management, Inc., Granahan Investment Management, Great Lakes Advisors, Greenbrier Partners Capital Management, LLC, Hodges Capital Management, Ironwood Investment Management, Keeley Teton Advisors, Luther King Capital Management, Marble Harbor Investment Counsel, North Star Investment Management, Perritt Capital Management, Punch & Associates, Shepherd Kaplan Krochuk, Westwood Holdings Group, Inc., and William Harris Investors. The IDEAS Investor Conferences are held annually and are produced by Three Part Advisors, LLC. Additional information about the events can be located at If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lWesley@ About M-tron Industries, Inc.M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly-engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit View original content to download multimedia: SOURCE Mtron
