HARSCH Increases Its Operational Capacity with the Opening of a New Secure Storage Facility in Meyrin

 Located in the strategic area of Meyrin, close to the motorway and Geneva airport, this new platform represents an important milestone in the evolution of the family-owned company. The building will have the advantage of a bespoke layout to meet the specific needs of HARSCH’s customers within its three business sectors. The facility will offer optimal conditions for the conservation of works of art and will be equipped with two private goods lifts, one of which is specially sized for large-format works. Isabelle Harsch, CEO of the eponymous company, comments: “These new premises reflect our desire to continue growing and innovating in the sector. They represent a significant investment, as they add to our existing 18.000 m2 in the canton of Geneva.”

Mr. Frederic Noirot, the Asset Management Director of Stoneweg Switzerland SA, representing the building’s owner, commented: “We are proud to welcome HARSCH to our Meyrin building. This partnership, concluded well in advance of the building’s delivery, enables us to create tailor-made layouts for our tenant and highlights our determination to offer logistics facilities that anticipate market needs. HARSCH’s decision to establish itself on our premises not only confirms the quality of our facilities, but also demonstrates our ability to attract renowned companies that are recognised for excellence in their field.”

The delivery of the building, scheduled for 2025, will mark the start of a new era for HARSCH. It will enable the family-owned company to expand its operational capabilities and strengthen its position in the field of highly secure storage.

About HARSCH SA
Henri Harsch HH SA is a family-run SME specialising in the transportation of art, moving and document archiving. The business employs over 130 people across 4 offices (Geneva, Lausanne, Zurich and Basel). The company’s family dimension fosters a strong corporate culture and a deep commitment to customer satisfaction. This determination to provide quality services is reflected by ISO 9001 and 14001 certifications.

Henri Harsch HH SA
Robin Harsch
+41 22 389 48 08
www.harsch.ch

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Fonterra increases FY24 forecast Farmgate Milk Price

WEBWIRE

Fonterra Co-operative Group Ltd has today increased its 2023/24 season forecast Farmgate Milk Price, with the midpoint lifting by 30 cents to $7.80 per kgMS, up from $7.50 per kgMS.

The forecast range for the season increases to $7.30-$8.30 per kgMS, up from $7.00 – $8.00 per kgMS.

Fonterra CEO Miles Hurrell says the lift in the Farmgate Milk Price comes off the back of five strong Global Dairy Trade events.

Recently, weve seen a lift in demand, primarily from the Middle East and South East Asia, for our reference commodity products and this has been reflected in GDT prices.

Overall GDT prices are up 10% since our last Farmgate Milk Price update in December, with whole milk powder prices up 11.5% over the same period.

Looking ahead, the potential impact of geopolitical instability and supply chain disruption on demand from key importing regions remains uncertain.

We can navigate these dynamics thanks to our scale and our diversification across markets, which provides us with optionality. We are also well placed to continue to get the Co-ops product to customers through our partnership with Kotahi, says Mr Hurrell.

Fonterras forecast earnings guidance for FY24 of 50-65 cents per share remains unchanged.

AirAsia increases flight frequency between Jakarta and Kuching to daily from 8 February 2024

JAKARTA – WEBWIRE

AirAsia will be increasing its flight frequency between Jakarta and Kuching, Sarawak to daily, from three times per week currently, beginning 8 February 2024.

The seats are available for booking now for immediate travel from as low as Rp689.000 all-in for flights departing Jakarta and RM149 from Kuching. Bookings can be made conveniently via the airasia Superapp and airasia.com website.

The route, operated by AirAsia Indonesia, was launched on 15 June 2023. Since then, it has been a popular choice amongst travellers from both cities, either for Indonesians to explore the wonders of Kuchings natural beauty and rich heritage, or for Sarawakians to indulge in shopping and culinary experience in Jakarta.

On top of that, the route has been successful in bringing the two regions closer together and opening doors to limitless opportunities for tourism, trade, and mutual growth. The increase in flight frequency comes at the right time and marks a significant milestone in the tourism industry recovery for both countries.

With the added frequency, AirAsia will be able to offer more convenient travel options at affordable fares, enabling people to travel between Jakarta and Kuching with ease and affordability, be it for leisure or business.

Connection from Kuching to Jakarta is a precursor to wider connectivity from Sarawak to other parts of Indonesia, especially with the establishment of the countrys new administrative capital Nusantara, in East Kalimantan.

Flight schedule from Jakarta (CGK) to Kuching (KCH):

Route: Jakarta Kuching

Flight No. QZ530

Departure: 12:55

Arrival: 13:45

Frequency: Daily

Route: Kuching – Jakarta

Flight No. QZ531

Departure: 16:25

Arrival: 17:20

Frequency: Daily

* Daily flights effective 8 February 2024.

** Current flights are on every Tuesday, Thursday and Saturday.

Hilton Increases Stock Repurchase Authorization

MCLEAN, Va. – WEBWIRE

The Board of Directors of Hilton Worldwide Holdings Inc. (NYSE: HLT) authorized the repurchase of an additional $3.0 billion of common stock under the Companys existing stock repurchase program, bringing the total amount currently authorized for future repurchases to approximately $4.2 billion.

Hilton may purchase shares in the open market, in privately negotiated transactions or in such other manner as determined by Hilton, including through repurchase plans complying with the rules and regulations of the Securities and Exchange Commission (the SEC). The amount and timing of any repurchases made under the stock repurchase program will depend on a variety of factors, including available liquidity, cash flow and market conditions. The stock repurchase program does not obligate Hilton to repurchase any dollar amount or number of shares of common stock and the program may be suspended or discontinued at any time.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to Hiltons stock repurchase program. In some cases, you can identify these forward-looking statements by the use of words such as outlook, believes, expects, forecasts, potential, continues, may, will, should, could, seeks, projects, predicts, intends, plans, estimates, anticipates or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including, among others, risks inherent to the hospitality industry, macroeconomic factors beyond Hiltons control, such as inflation, changes in interest rates, challenges due to labor shortages or disputes and supply chain disruptions and recent events affecting the financial services industry, risks related to the impact of the COVID-19 pandemic, competition for hotel guests and management and franchise contracts, risks related to doing business with third-party hotel owners, performance of Hiltons information technology systems, growth of reservation channels outside of Hiltons system, risks of doing business outside of the U.S., risks associated with conflicts in Eastern Europe and the Middle East and other geopolitical events, and Hiltons indebtedness. Additional factors that could cause Hiltons results to differ materially from those described in the forward-looking statements can be found under the section entitled Part I Item 1A. Risk Factors” of Hiltons Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as such factors may be updated from time to time in Hiltons periodic filings with the SEC. Hiltons Form 10-K is filed with the SEC and accessible on the SECs website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Hiltons filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 22 world-class brands comprising nearly 7,400 properties and more than 1.1 million rooms, in 124 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortunes 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for six consecutive years. Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 173 million members who book directly with Hilton can earn Points for hotel stays and experiences money cant buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Hong Kong – Government increases supply of designated quarantine hotels to meet demand of Hong Kong residents returning from overseas

Government increases supply of designated quarantine hotels to meet demand of Hong Kong residents returning from overseas

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     ​The Government said today (March 26) that it strives to increase the supply of designated quarantine hotels (DQHs) so as to meet the demand of Hong Kong residents returning from overseas (including foreign domestic helpers (FDHs) who are Hong Kong residents or have been granted visa to come to Hong Kong).



     The Government has announced that, with effect from April 1, the place-specific flight suspension mechanism for nine places would be lifted and the quarantine arrangement for Hong Kong residents returning from overseas would be adjusted. In anticipation of the growing number of returning Hong Kong residents, the Government will increase the supply of DQHs in an orderly manner to meet the demand, while guarding against the importation of COVID-19 cases at the same time.



     Specifically, after assessing the supply and demand as well as the usage of community isolation facilities (CIFs), the Government decided to convert 13 hotels (list at Annex 1), which have earlier been turned into CIFs, back to DQHs to supplement over 4 400 rooms on top of the current supply. These DQHs will commence service progressively from April 1 onwards and will start to accept room bookings for the relevant period gradually. The Government has also asked existing DQHs to release around 500 blocked-off rooms to meet the demand. To sum up, there will be 38 DQHs providing over 10 000 rooms in total for selection by Hong Kong residents returning from places other than the Mainland and Macao. 



     Separately, three hotels which are currently isolation facilities will be reserved for FDHs to undergo quarantine starting from April 1. Along with one existing designated quarantine facility for FDHs, the four hotels (list at Annex 2) will provide about 1 600 rooms. For details regarding the quarantine arrangements for FDHs, please refer to the Labour Department’s FDH Portal www.fdh.labour.gov.hk.



     The Government will update regularly the list of DQHs and their booking status on the thematic website www.designatedhotel.gov.hk.



     The Government fully implemented the Designated Quarantine Hotel Scheme on December 22, 2020, requiring all arrivals from specified places to undergo compulsory quarantine at DQHs with a view to further preventing the importation of COVID-19 cases and reducing contact between arrivals and the local community. Under the Scheme, 44 DQHs were expected to provide service from March 1 to July 31 this year. Nevertheless, the Government converted some of them into CIFs to tackle the fifth wave of the epidemic.