Fintech PR
China’s thriving outbound tourism contributes to global economic recovery
BEIJING, Feb. 29, 2024 /PRNewswire/ — A report from People’s Daily
The past Chinese New Year holiday just witnessed a surge in China’s outbound tourism. According to statistics released by China’s Ministry of Culture and Tourism, around 3.6 million overseas trips were made by Chinese tourists during the holiday.
International observers said that this increase has not only contributed to the growth of the international tourism industry, but also provided a boost to the global economic recovery.
On the second day of the Chinese New Year, the Siam Square, a shopping mall in Bangkok, Thailand, was crowded with tourists. Xiaolan, a tourist from Shanghai, told People’s Daily that there has been a noticeable increase in the number of people travelling to Thailand ever since Thailand announced a five-month visa-free policy for Chinese tourists last September.
“I am planning a trip to Malaysia in a few days. It’s much easier to travel abroad nowadays,” Xiaolan said.
To attract more Chinese tourists, several Southeast Asian countries have successively implemented visa-free policies.
Starting from Dec. 1, 2023, Malaysia has implemented a 30-day visa-free policy for Chinese citizens. On Jan. 28 this year, China and Thailand signed an agreement on visa exemption for holders of ordinary passports, which will officially take effect on March 1.
On Feb. 9, an agreement between China and Singapore on visa exemption for holders of ordinary passports officially took effect. On that day, many Chinese tourists entered Singapore, experiencing the convenience brought by the visa-free policy. During the Chinese New Year, Singapore’s landmark Gardens by the Bay specifically hosted a special lantern fair, attracting many Chinese tourists.
Egypt was one of the main destinations for Chinese tourists during the Chinese New Year holiday. On Feb. 10, a special ceremony was held at the Cairo International Airport to welcome Chinese tourists spending the Chinese New Year in Egypt.
Ibrahim, marketing manager of a travel agency in Egypt, said that Chinese outbound tourism has brought tremendous benefits to his company.
“Compared to the same period last year, the number of Chinese tourists we received from late January to early February has surged four-fold. Everyone in our company was happy to see the sudden increase,” he noted.
In mid-January, China announced unilateral visa-free treatment for Switzerland, and Switzerland also provided visa convenience for Chinese citizens and companies investing in Switzerland.
Hannah, a coach at a skiing school in Davos, Switzerland, said that Davos attracts many Chinese skiing enthusiasts every year.
“Chinese skiing enthusiasts are friendly, kind, and passionate about skiing,” Hannah said. With the increased convenience of travel between the two countries, she looks forward to experiencing ski resorts in China.
According to the World Travel Market Global Travel Report, the value of China’s outbound tourism is projected to increase by 131 percent from 2024 to 2033.
Thai government spokesperson Chai Wacharonke said that with the Thailand–China visa exemption agreement set to take effect on March 1, it is expected that more Chinese tourists will choose Thailand as their destination. This will further boost the growth of Thailand’s tourism industry and bring more vitality to the country’s economic development.
Bojan Lalic, director of the Institute for Belt and Road Studies in Belgrade, noted that since the visa exemption policy between Serbia and China came into effect in 2017, the number of Chinese tourists visiting Serbia has been continuously increasing, promoting economic development and cultural exchanges between the two countries.
He said China ranks among the top in terms of outbound tourism, and has contributed to the economic development of relevant countries.
“Since last year, China’s outbound tourism has been steadily recovering. This is a clear testament to the vitality of the Chinese economy and adds momentum to the global tourism industry and economic recovery. We look forward to more Chinese tourists visiting our country,” Lalic said.
In recent years, Chinese tourists have become more diverse and individualized in their outbound travel preferences and demands. They now place greater emphasis on experiencing the natural environment, cultural history, and local lifestyle of their destinations.
Li, who traveled to Egypt from China’s Sichuan province during the Chinese New Year holiday, said she spent two days at the Egyptian Museum and the National Museum of Egyptian Civilization.
Liu, who works in Beijing, chose to have a trip to France during the Chinese New Year holiday and spent the entire vacation in Paris.
“I saw the romantic Seine River and experienced history at the Palace of Versailles and the Arc de Triomphe,” Liu said. This trip allowed him to feel a resonance between Chinese and French cultures, making it an unforgettable cultural and artistic journey.
Harry Hwang, director of the Regional Department for Asia and the Pacific, United Nations World Tourism Organization, noted that in recent years, Chinese tourists have placed a greater emphasis on travel experiences. Chinese tourists are now more interested in exploring the attractions, cultural heritage, and history of different countries and regions, which indirectly contributes to the preservation of local cultural heritage.
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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