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Marks Group's expansion into China's next-wave cities SINGAPORE, Nov. 11, 2025 /PRNewswire/ -- Pan Pacific Hotels Group (PPHG), the hospitality arm of Singapore-based UOL Group Limited, proudly announces the opening of Pan Pacific Dalian. This marks PPHG's seventh hotel in China and its first in the vibrant coastal city of Dalian. Pan Pacific Dalian, strategically located on Youting Road Strategically located on Youting Road, Pan Pacific Dalian offers guests a harmonious blend of contemporary comfort and authentic local experiences. The hotel's prime location provides easy access to Xinghai Square, Dalian World Expo Centre and Dalian Xinghai Convention & Exhibition Centre making it an ideal choice for both business and leisure travellers. Located in Northeast China, Dalian is fast emerging as a coastal economic powerhouse, renowned for its growing influence in international trade, maritime innovation, and as a MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In 2023 alone, the city reported an 87.8% increase in tourist arrivals over the previous year [1], exceeding pre-pandemic levels, while its GDP reached RMB 951.69 billion (USD 131 billion) in 2024 [2], with a 90% surge in foreign investment utilisation. "Dalian is gaining strong traction in both domestic tourism and business travel. It is emerging as an engine of commerce, culture, and connectivity, and we see immense potential in establishing a strong presence here. Our new hotel underscores PPHG's long-term commitment to China, where growth is increasingly being shaped by the vibrancy of its next-wave cities. Our expansion into Dalian reflects our strategy to deepen our presence in China's urban centres that are driving domestic tourism and economic momentum," said Mr. Choe Peng Sum, CEO of PPHG. Strong domestic growth fundamentals China's domestic travel market, estimated to be around USD 744 billion, is currently the world's second largest behind United States. It is expected to grow 12% annually and overtake the US to become the world's largest by 2030, according to a report by McKinsey [3]. The report highlights that 30% of the global hotel construction pipeline is currently concentrated in China, with the pipeline heavily skewed toward luxury properties to cater to the growing demand. "China remains one of the most dynamic growth engines for the global economy. We continue to see strong demand for travel driven by rising disposable incomes, urbanisation, and the growing aspiration of Chinese consumers to explore and experience more. For the hospitality sector, this translates into a tremendous opportunity, not only to welcome more international travellers outbound from China, but also to serve an increasingly sophisticated domestic market. At PPHG, we are investing with confidence in China's long-term trajectory, because we believe that travel and hospitality will remain integral to the country's economic story and to global tourism demand in the years ahead," he added. Soaring 52 storeys high, Pan Pacific Dalian offers breathtaking panoramic views of the Yellow Sea and surrounding hills, combining elevated design and modern elegance in line with PPHG's Graceful Luxury 2.0 – a refreshed brand philosophy that celebrates meaningful, sensory-rich hospitality experiences. Drawing design inspiration from Dalian's rich legacy as a historic trade nexus between China and Russia, the hotel features 216 spacious rooms and suites, styled with romantic, cruise-inspired interiors that blend elegance with a sense of timeless journey. Perched at the building's summit, guests will find a range of meeting and dining venues, including a rooftop bar that promises unforgettable panoramic experiences. Adding to its unique charm, the hotel will also offer a rooftop helipad, a striking feature for VIP transfers, aerial sightseeing, or creative events. The hotel also has state-of-the-art meeting and event facilities, a fully equipped fitness centre, and a serene spa, catering to the diverse needs of its guests. Pan Pacific Dalian marks a significant milestone in PPHG's strategic growth in China, joining a robust portfolio that includes Pan Pacific Beijing, Pan Pacific Ningbo, Pan Pacific Suzhou, Pan Pacific Tianjin, Pan Pacific Xiamen, and Pan Pacific Serviced Suites Ningbo. More high-resolution images available here. Sources [1] Dalian's vibrant culture and tourism await Davos guests [2] Dalian rolls out plans for high-quality development [3] Mckinsey Report - Faces, places, and trends shaping tourism in 2024 About Pan Pacific Hotels Group Pan Pacific Hotels Group is a global hospitality company that owns and manages over 50 hotels, resorts, and serviced suites comprising three brands - Pan Pacific, PARKROYAL COLLECTION, and PARKROYAL in more than 30 cities across Asia Pacific, North America, Africa and Europe. Headquartered in Singapore, it is a member of Singapore-listed UOL Group Limited. Pan Pacific Hotels and Resorts delivers sincere and graceful service to every guest with a passion for excellence. PARKROYAL COLLECTION Hotels & Resorts is driven by our passion for life and sustainability. PARKROYAL Hotels & Resorts is distinguished by its passion for people and places, immersing every guest into local and authentic cultures. Visit www.panpacific.com.
GOTHENBURG, Sweden, Nov. 11, 2025 /PRNewswire/ -- SKF is hosting its Capital Markets Day in Stockholm today. At the event, deeper insights are provided into the strategic direction of both the Industrial and the Automotive businesses post the planned separation of Automotive from SKF Group. Given different business dynamics, manufacturing processes, end markets and success drivers for the Industrial and Automotive business segments, significant value is expected to be unlocked by being two standalone businesses. "We are creating two even sharper businesses with a clearer focus on distinct opportunities to enhance customer value, accelerate growth, as well as improve efficiency and competitiveness," says Rickard Gustafson, President and CEO. The increased value creation that the separation of the Automotive business is expected to bring is reflected in the new long-term targets and indicative objectives post separation for the Industrial and Automotive businesses respectively. New financial targets The long-term financial targets over a business cycle for SKF Group post separation of Automotive, i.e. the Industrial business, which are presented at the Capital Markets Day, are: Organic growth[1]: 4% Adjusted operating margin: >17% mid-term, >19% long-term Cash conversion[2]: 60% Adjusted return on capital employed (ROCE): 20% Net leverage[3]: <2.0x Dividend[4]: 50% SKF also reconfirms its sustainability targets to decarbonize its own operations by 2030 and reach net-zero supply chain by 2050. The Industrial business has a resilient foundation with diversified industry verticals, strong geographical coverage and an aftermarket business representing more than half of net sales. To create even more progress, SKF Industrial will reignite growth through high-growth industries and geographies, by scaling services and intelligent solutions, accelerating the Specialized Industrial Solutions business, and exploring small bolt-on M&A opportunities. Moreover, it will continue to drive innovation leadership by differentiating through customer-centric innovation. Lastly, the strategy aims at further strengthening SKF's business-driven value chain through finalizing the ongoing regionalization and footprint optimization efforts as well as continued optimizing of the supply chain. Financial objectives for the Automotive business SKF's Automotive business is a well-positioned global player in key growth segments and geographies. After the separation, SKF Automotive will be able to steer investments into high-growth and margin accretive areas while also establishing a leaner and more cost-efficient setup, in line with automotive best practice. The focus will be to continue winning in leading segments, maintaining and strengthening leadership in innovation, and expanding the addressable market. A lean company setup and an automotive-adapted value chain will increase both speed and efficiency in the business. The long-term indicative financial objectives for the Automotive business post separation are: Organic growth: Above market over a business cycle Adjusted operating margin: High single digit Net leverage[5]: <1.0x Strengthened capital efficiency for the Group post separation On its Capital Markets Day, SKF also provides an update on the ongoing footprint and value chain optimization of the Industrial business. The transformation of SKF's footprint is targeting a rightsized as well as increasingly automated and regionalized production with higher volumes closer to customers. This will result in increased CAPEX of net sales of approximately 5% up until mid-term, while in the long term it is expected to be around 3.5%. In addition to CAPEX, SKF has identified opportunities to reach its full potential, as reflected in the long-term earnings target of >19%, by continuing the ongoing optimization of the Industrial business. This restructuring is expected to result in high items affecting comparability (IAC), totaling approximately BSEK 5.0 from Q4 2025 through 2028, whereof approximately BSEK 1.5 is non-cash. Furthermore, the Automotive separation is expected to result in additional BSEK 1.5 of charges. Post 2028, IAC is expected to be limited. Leveraging a consolidated and regionalized footprint and supply base is an important part of the Group's ambition to decrease the net working capital to a normalized 29% in the mid-term and long-term below 27%. "We continue to proactively execute on our strategic initiatives to unlock the full value of our business. The footprint optimization and separation activities will drive long-term profitability, a strengthened capital efficiency, and increase cash flow generation. All in all, it will secure the creation of two successful stand-alone businesses," says Rickard Gustafson. Timing of the Automotive separation The Automotive separation is proceeding according to plan. Key milestones already achieved include that over 70% of the new positions in Automotive have been filled and more than 70% of the manufacturing channel transfers that are planned pre-spin have been completed. SKF expects, as previously announced, to be operationally ready to list the Automotive business by mid-2026. Listing is subject to the Board of Directors proposing a listing and shareholders' approval. About SKF Capital Markets Day SKF's Capital Markets Day is held at At Six Hotel in Stockholm, Sweden, and online. The event will be held in English, and presentations will start at 13:00 (CET) and end around 17, followed by a mingle for those attending in person. Registration to attend the Capital Markets Day is closed. For those not registered, the event is possible to stream at https://www.investis-live.com/skf/690e20b433139900142e7f65/cmd2025. The presentation material will be available on SKF's website on the evening of the event, and the recording of the presentations will be available the following day. Agenda, speakers and practical information are found on the registration site: https://invitepeople.com/events/fee9419f2a Questions from investors, analysts and media will be answered at the event and after. For journalists wishing to book interviews with Rickard Gustafson, President and CEO, after the event, please contact Carl Bjernstam on carl.bjernstam@skf.com. [1] 1 p.p. above market over a business cycle excluding Automotive contract manufacturing. Consequently, the target of 4% is based on an assumption of market growth of 3%. [2] Adj. Cash flow after investments / Adj. EBITDA. [3] Net debt (including pensions) / Adj. EBITDA. [4] Of average net profit. [5] Net debt (including pensions) / Adj. EBITDA. Aktiebolaget SKF (publ) The information in this press release contains inside information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below on 11 November 2025 at 08.30 CET. For further information, please contact:Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.comInvestor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com This information was brought to you by Cision http://news.cision.com. https://news.cision.com/skf/r/skf-hosts-capital-markets-day--announces-updated-strategy-and-new-financial-targets,c4265019 The following files are available for download: https://mb.cision.com/Main/637/4265019/3775311.pdf 20251111 SKF hosts Capital Markets Day, announces updated strategy and new financial targets https://news.cision.com/skf/i/skf-cmd,c3486185 SKF CMD https://news.cision.com/skf/i/skf-rickard-gustafson,c3486184 SKF Rickard Gustafson
CHICAGO, Nov. 11, 2025 /PRNewswire/ -- Bounteous, a leading global digital transformation consultancy, has been named to the 2025 IDC FinTech Rankings Top 100 solution provider, marking the company's third consecutive year on the list. This prestigious list represents the top global technology providers serving the financial services and fintech sectors. View the full list of providers here. "Securing a spot in the IDC FinTech Rankings Top 100 for the third year in a row reflects our unwavering commitment to help financial institutions transform rapidly," said Ketan Somani, President of Strategic Industries and Regional CEO, EMEA & APAC at Bounteous. "We are partnering with our clients to leverage AI and efficiently reimagine their customer journeys and experience." Recent Bounteous research surveying 300+ senior global executives found that more than 80% of financial services firms are already using AI in fraud detection, risk monitoring, and personalization, with nearly 70% of financial services leaders citing cost efficiency and revenue growth as dual top priorities, well above industry averages. These investments are already delivering measurable returns in operational efficiency and customer experience, yet strategic alignment remains a major challenge. While most AI ownership sits with the CIOs and CTOs, CMs and CDOs continue to hold the lowest budget authority across all industries, leading to siloed efforts and missed opportunities. Many firms continue to prioritize short-term efficiency gains over long-term, enterprise-wide transformation. "The AI White Space: Addressing Challenges to Unlock Potential" report outlines how cross-functional collaboration can unlock AIs full potential. Bounteous partners with financial services organizations to bridge these silos, driving cross-functional governance, roadmap alignment, and customer-centric AI strategy. Download the full report here. "IDC has been producing the IDC FinTech Rankings for 23 years, providing a list of the largest 150 financial technology providers in the world," said Marc DeCastro, research director at IDC. "The companies on this list provide the innovation necessary to keep the financial service industry at the forefront of providing modern digital experiences, technologies and platforms across all banking, capital markets and insurance organizations." The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC forecasts global IT spending in financial services to reach $775 billion by 2028. Bounteous helps financial services organizations embrace innovation to elevate customer experience and achieve operational excellence. Through its unique Co-Innovation model, Bounteous enables clients to build future-ready digital foundations. About BounteousBounteous is a premier end-to-end digital transformation consultancy dedicated to partnering with ambitious brands to create digital solutions for today's complex challenges and tomorrow's opportunities. With uncompromising standards for technical and domain expertise, we deliver innovative and strategic solutions in Strategy, Analytics, Digital Engineering, Cloud, Data & AI, Experience Design, Digital Experience Platforms, and Marketing. Our Co-Innovation methodology is a unique engagement model designed to align interests and accelerate value creation. Our clients worldwide benefit from the skills and expertise of over 5,000+ expert team members across the Americas, APAC, and EMEA. By partnering with leading technology providers, we craft transformative digital experiences that enhance customer engagement and drive business success. Discover more about our impactful work and expertise by visiting www.bounteous.com and following us on X, LinkedIn, Facebook, and Instagram. Media Contact: Sara Vinson DiGennaro Communications sara.vinson@digennaro-usa.com 917-753-2955
TAIPEI, Nov. 11, 2025 /PRNewswire/ -- Linda Lu, Founder and Chairperson of Awesome Group, has been recognized with the prestigious Master Entrepreneur award at the Asia Pacific Enterprise Awards (APEA) 2025 Taiwan Chapter, organized by Enterprise Asia. This honor celebrates her transformative leadership in experiential education and social innovation, as well as her lifelong mission to empower individuals and communities through meaningful action. Since founding Awesome Group in 1996, Linda has guided tens of thousands of learners across Taiwan through experiential leadership programs and social innovation initiatives. Under her leadership, the company has evolved into a trailblazer in leadership development, now serving over 50,000 cumulative participants and supported by a monthly network of 100 dedicated volunteers. Linda's visionary approach combines corporate excellence with social responsibility. In 2024, Awesome Group partnered with Hsing Wu University to launch a pioneering personal branding course, integrating experiential education into formal higher education for the first time. Building on this success, Linda forged a collaboration with Chien Hsin University of Science and Technology in 2025, creating an advanced leadership training program co-developed with academia. Beyond the classroom, Linda has driven initiatives that directly impact communities. She spearheaded a 21-month nationwide outreach program, bringing leadership education to rural schools across 22 counties in Taiwan. This mission concluded in June 2025 at Taipei City Hall, marking a milestone in educational equity. Continuing this spirit of service, Awesome Group will donate two ambulances to Taiwan's Fire Department in October 2025, reinforcing its commitment to social good. As the Initiator of Leadership Action Public Service, Linda also leads monthly volunteer programs benefiting over 30 organizations supporting the physically and mentally disabled as well as other vulnerable Groups. These efforts have become a sustainable model for nurturing empathy and responsibility among learners while addressing societal needs. Through her leadership, Linda has demonstrated that education is not just about knowledge but about action and contribution. Her philosophy of blending learning with service has redefined how leadership is cultivated in Taiwan and beyond, making Awesome Group a pioneer in both education and ESG-driven practices. About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information. About Asia Pacific Enterprise Awards Launched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it Groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.
TAIPEI, Nov. 11, 2025 /PRNewswire/ -- JD Logistics Co., Ltd., a leading freight forwarding company in Taiwan, achieved a historic milestone at the Asia Pacific Enterprise Awards (APEA) 2025 Taiwan Chapter organized by Enterprise Asia, earning recognition in two prestigious categories: Master Entrepreneur and Corporate Excellence. These awards highlight both the extraordinary vision of its founder and General Manager, Mr. Chih-Hao Liu, and the company's outstanding performance in advancing Taiwan's logistics industry on a global scale. Mr. Liu's entrepreneurial journey is a story of resilience and ambition. Beginning his career in 1999 as a cargo operations staff member at EVA Air, he steadily built expertise in international air freight while cultivating a strong network of industry relationships. In 2010, driven by his dream of building his own logistics company, he founded JD Logistics with just a few million in capital and a small team. Over the years, Liu led the company through turbulent times, including the COVID-19 pandemic and the U.S.-China trade war, embracing the philosophy that "Every problem is an opportunity to invent new possibilities." By securing cargo space through airline partnerships and expanding into Southeast Asia, JD Logistics helped clients navigate global disruptions and emerge stronger. From its humble beginnings, JD Logistics has grown into one of Taiwan's top 25 air freight forwarders, employing over 60 professionals and offering a comprehensive portfolio of services, including ocean freight, customs clearance, warehousing, and integrated supply chain solutions. Its strategic focus on Taiwan-Mainland China logistics has been a key driver of growth, supported by partnerships with major airlines such as China Airlines, EVA Air, and Air China, ensuring competitive pricing and reliable cargo space. In 2024, JD Logistics achieved an impressive revenue, reflecting more than 20% year-on-year growth. Beyond business performance, the company is deeply committed to corporate social responsibility, supporting local charities, underprivileged communities, and fostering a collaborative, high-performance culture through employee development and team-building initiatives. The dual recognition at the APEA 2025 Taiwan Chapter reflects both the exceptional leadership of Mr. Liu and the company's unwavering commitment to excellence. From a four-desk startup to a trusted logistics partner across Asia, JD Logistics has proven that vision and innovation can redefine success in an ever-changing global landscape. About Enterprise AsiaEnterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information. About Asia Pacific Enterprise AwardsLaunched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.
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