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The delegation of over 70 business and institutional leaders from Hong Kong and the Chinese Mainland is the largest and most diverse overseas mission led by the current term of the HKSAR Government so far.

Speaking to the media in Uzbekistan yesterday (June 4), Mr Lee set out the three main objectives of the visit: further explore emerging markets and lay the foundation for long-term economic and trade development; strengthen government-to-government (G2G) relationships and promote closer bilateral co-operation; and build a “hub-to-hub” model of co-operation.

He said the visit had been successful, yielding achievements in eight areas, including:

• Establishing high-level contacts and ties between the HKSAR Government and the Governments of Kazakhstan and Uzbekistan, and reaching consensus on co-operation in multiple areas;
• A total of 96 co-operation agreements and memoranda of understanding (MoUs) were reached during the visit (61 with Kazakhstan, 35 with Uzbekistan), involving specific amounts exceeding US$1.65 billion in total;
• The governments agreed to commence bilateral discussions on agreements in various areas;
• Deepening project matching and research collaboration between Hong Kong and Central Asian region in areas including finance, innovation and technology (I&T), and aviation;
• Demonstrating Hong Kong’s effective role as a platform for going global and achieving substantial results, with Hong Kong and Mainland enterprises joining forces in tapping new markets and bringing synergistic advantages into full play;
• Facilitating more convenient people-to-people exchanges by promoting direct flights, aviation and transport co-operation, and extensions to the mutual visa-free period;
• Promoting exchanges in education, talent and culture to further deepen people-to-people bonds; and
• Advancing a hub-to-hub co-operation model to open up broader room for co-operation between Hong Kong and the Central Asian region.

While in Tashkent (June 3-5), Mr Lee met with local leaders, government officials and business representatives to deepen co-operation between Hong Kong and Uzbekistan in areas including trade, investment, finance, I&T, and people-to-people exchanges.

Mr Lee held meetings with the President of Uzbekistan, Shavkat Miromonovich Mirziyoyev, his Advisor on Strategic Development, Sardor Umurzakov, the Prime Minister, Abdulla Nigmatovich Aripov, as well as the Deputy Prime Minister, Jamshid Khodjayev, to exchange views on furthering mutual co-operation.

Mr Lee highlighted that under the “one country, two systems” principle, Hong Kong enjoys both the China advantage and the global advantage. He said that Hong Kong would continue to play its roles as a “super connector” and a “super value-adder” to further deepen co-operation and exchanges with Uzbekistan on various fronts in line with Uzbekistan’s goal of achieving high-quality development.

Earlier (June 3), Mr Lee met with the Minister of Foreign Affairs of Uzbekistan, Bakhtiyor Saidov, after which they jointly witnessed an exchange of notes between the two places on a mutual visa-free arrangement, which would allow a visa-free period of 30 days for visitors from both sides.

“Moreover, we are glad to have initialed the Air Services Agreement with Uzbekistan, and look forward to launching direct passenger flights between the two places soon,” Mr Lee said, during a high-level business dinner (June 4). The Chief Executive pointed out that Hong Kong and Uzbekistan are important trade and investment gateways to their respective regions – the Asia-Pacific and Central Asia.

“It helps that we are all believers in the Belt and Road (B&R) Initiative, a modern expression of the ancient Silk Road spirit,” Mr Lee said. “Today, China is Uzbekistan’s largest trading partner, and the two countries work closely on major infrastructure and connectivity projects that are revitalising the Silk Road. Hong Kong is a pivotal player in the B&R Initiative, thanks to our world-class professional and financial services expertise.”

The delegation also toured the IT Park Uzbekistan and the Center for Islamic Civilization before concluding its visit in Tashkent.

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As an innovative driver of global payment solutions, Epay made a powerful international impression by showcasing its robust product matrix and vertical industry solutions. Amidst this prestigious gathering of top-tier global decision-makers, Epay emerged as a focal point of the event, drawing significant industry attention with its specialized sector expertise and deep compliance capabilities.

Throughout the event, the Epay booth buzzed with high-energy discussions as a steady stream of industry leaders and representatives gathered for consultations. Against the backdrop of an evolving global trade landscape, the strategic synergy and bidirectional flow between high-growth markets in Europe and the Asia-Pacific region emerged as a primary focus for many attending businesses.

On the floor, Epay’s expert team provided in-depth, tailored consultations for fintech peers, social media platforms, digital marketing agencies, and B2B trading enterprises. Addressing complex pain points such as global pan-entertainment payouts and cross-border supply chain fund flows, the team demonstrated Epay’s core global collection and payout capabilities alongside its flexible API solutions, precisely empowering businesses to expand internationally.

Furthermore, the Epay team engaged in deep-dive strategic dialogues with local commercial banks, international clearing organizations, and financial experts from various countries. Moving forward, Epay remains dedicated to expanding robust local payment networks, leveraging its forward-looking vision to power the global digital economy.

Hashtag: #EPay

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About Epay

Forging Ahead, Driving Digital Growth
The curtain has fallen, but a new journey has just begun. For Epay, the conclusion of this international expedition marks the starting point for a new chapter in empowering global growth.

Standing at the forefront of the global digital economy, Epay remains committed to security as its foundation and innovation as its driving force, continuously building a compliant and rock-solid fintech infrastructure. Looking ahead, Epay will continue to dissolve geographical and financial barriers, marching alongside visionaries worldwide. We look forward to leveraging an even more forward-looking ecosystem to safeguard the global expansion of cross-border enterprises.

With past milestones honored and the future ahead, we look forward to seeing you at our next stop—ChinaJoy in Shanghai!

The exemption, effective from 1 April 2026, covers interest income and capital gains arising from the sale, exchange or transfer of specified government securities by eligible foreign institutional investors and the Bank for International Settlements. President Droupadi Murmu signed the Income-tax Ordinance, 2026 while Parliament was not in session, amending the new direct tax framework that took effect at the start of the financial year.

Foreign investors had been subject to long-term capital gains tax of 12.5% on listed bonds held for more than 12 months and withholding tax of 20% on interest from government securities. By removing the tax burden for eligible investors, the Centre is seeking to improve post-tax returns and make rupee debt more competitive at a time when global funds are weighing currency risk, oil-market volatility and geopolitical uncertainty.

The policy shift comes as the rupee has weakened by more than 5% this year, pressured by crude prices and sustained foreign selling in equities. The currency recovered after the announcement of measures aimed at attracting foreign currency inflows, but traders continued to watch oil prices, reserve levels and the central bank’s market operations for signs of durable support.

Reserve Bank of India kept the policy repo rate unchanged at 5.25% and announced steps to encourage dollar inflows, including support for foreign-currency borrowing by public sector entities, incentives for non-resident deposits and a longer window for exporters to repatriate proceeds. The central bank also revised its growth forecast to 6.6% and raised its inflation estimate to 5.1%, underlining the pressure created by imported energy costs.

The tax relief is aimed at deepening overseas participation in government securities after the inclusion of rupee bonds in major global debt benchmarks. Fully accessible route bonds have already been added to J. P. Morgan’s emerging market debt index and Bloomberg’s emerging market local currency index, widening the pool of passive and active investors that can allocate funds to sovereign debt. A separate decision on inclusion in broader global bond benchmarks is being watched by investors because it could influence medium-term flows.

Debt inflows have remained more resilient than equity flows, but the scale has not been sufficient to offset pressure from the current account and stock-market exits. Foreign investors have pulled large sums from equities this year, while government debt has continued to attract selective buying. Higher hedging costs and expectations of currency weakness have limited enthusiasm among some global investors despite the comparatively attractive yield on rupee bonds.

Market participants expect the tax exemption to help long-only funds, pension funds, sovereign investors and reserve managers that focus on net returns after tax. The measure could also support liquidity in benchmark government securities and reduce borrowing costs at the margin if foreign demand rises. For the Centre, a broader investor base would help absorb a large borrowing programme without placing excessive pressure on domestic banks and insurance companies.

The effect may still depend on factors beyond tax policy. Currency stability, inflation expectations, oil prices, fiscal credibility and the central bank’s approach to liquidity will shape overseas appetite. Investors that hedge currency exposure must still account for hedging costs, while those that remain unhedged face the risk of rupee depreciation wiping out yield gains.

The Ministry of Economy, Trade and Industry has set out a policy proposal calling for the rebuilding of between two and five reactors by the 2040s and up to 14 by the 2050s. The plan would add about 16 gigawatts of nuclear capacity, helping the country meet rising electricity demand from artificial intelligence, data centres, advanced manufacturing and wider electrification.

The proposal reflects a major shift in Japan’s energy strategy. After the Fukushima Daiichi disaster in March 2011, Japan shut all 54 operating reactors, leaving the world’s third-largest economy more dependent on imported liquefied natural gas, coal and oil. Only 15 of the 33 remaining operable reactors have returned to service, while many units face retirement pressure as they approach or exceed their permitted 60-year operating life.

Tokyo’s latest energy plan targets nuclear power at around 20 per cent of electricity generation by fiscal 2040, while renewables are expected to provide 40 to 50 per cent. Thermal power, which still accounts for a large share of supply, is expected to decline but remain important for grid stability and emergency backup. The policy removes earlier language about reducing reliance on nuclear power, replacing it with a call to maximise the use of both renewables and atomic energy.

The renewed push is driven by a combination of economic and geopolitical pressures. Japan imports most of its energy, leaving households and industry exposed to volatile fuel prices, shipping risks and currency swings. The war in Ukraine, instability in the Middle East and tighter global gas markets have strengthened the case within government for expanding domestic low-carbon baseload power.

Electricity demand, which had been broadly flat for years, is also expected to turn higher. The spread of AI computing, semiconductor plants, battery factories and digital infrastructure has increased concern that inadequate power supply could weaken Japan’s ability to attract investment. Officials view nuclear energy as a way to provide stable, large-scale electricity without increasing carbon emissions.

The plan is likely to benefit major utilities including Tokyo Electric Power, Kansai Electric Power, Kyushu Electric Power and Chubu Electric Power, although the sector still faces high regulatory, financial and social hurdles. Reactor replacement requires local consent, safety approval, heavy capital spending and long construction timelines. Japan has not built a new reactor since before Fukushima, and public trust remains fragile.

Safety concerns remain the central political obstacle. The Fukushima disaster, triggered by the March 2011 earthquake and tsunami, forced mass evacuations and left deep scepticism about official oversight of the nuclear industry. Questions over seismic risk, evacuation planning, spent fuel storage and operator transparency continue to shape public debate, particularly in communities near existing plants.

Controversies have added to the challenge. Chubu Electric has faced scrutiny over falsified seismic risk assessment data at the Hamaoka nuclear plant, a facility long viewed as sensitive because of its location in an earthquake-prone area. Incidents of that kind reinforce concerns among critics who argue that Japan should prioritise renewables, storage, grid upgrades and efficiency rather than committing to another generation of nuclear infrastructure.

Supporters counter that renewables alone will not meet Japan’s industrial needs quickly enough, given land constraints, permitting delays and the intermittency of solar and wind power. Offshore wind has long-term potential, while next-generation solar technologies such as perovskite cells are being promoted, but large-scale deployment will take time. Nuclear advocates argue that replacing old reactors with advanced designs could improve safety and reliability while supporting climate targets.

The government’s approach is to rebuild reactors at existing or decommissioned nuclear sites rather than open entirely new locations, a strategy designed to reduce political resistance and use established grid infrastructure. Next-generation reactors are expected to incorporate stronger passive safety systems and improved resilience against natural disasters, although costs and construction schedules remain uncertain.

• Kairos-HomeWorld is purpose built for embodied intelligence and represents the first unified framework capable of generating a complete, fully interactive home environment from a single text prompt. Extending indoor scene generation beyond individual rooms, it enables whole-home simulation in which every object is fully manipulable within an integrated simulation engine.
• Kairos-HomeWorld employs a four-stage hierarchical architecture encompassing floorplan generation, 2D-to-3D lifting, recursive refinement, and manipulable object placement. This approach enables the production of globally coherent, physically accurate, and simulation-ready scenes. Each environment contains more than 15 manipulable objects and achieves a Footprint Object Density of 4.16, the highest among compared methods.
• The accompanying open-source dataset is purpose-built for Chinese households, pairing 300,000 real residential floor plans with 5,000 fully furnished, simulation-ready homes and 50,000 physics-enabled interactive object assets. Already deployed in ACE ROBOTICS’ daily robot training, it significantly accelerates the simulation-to-reality transfer cycle.

SHANGHAI, CHINA – Media OutReach Newswire – 5 June 2026 – ACE ROBOTICS, in collaboration with the Multimedia Laboratory at The Chinese University of Hong Kong (CUHK) and Shenzhen Loop Area Institute, today announced the open-source release of Kairos-HomeWorld, the industry’s first unified World Model framework capable of generating full home-scale, object-level interactive 3D environments from a single text prompt. The solution addresses longstanding limitations in indoor scene generation, which has typically been restricted to single-room outputs with weak global consistency and limited interactivity. Kairos-HomeWorld overcomes these constraints by delivering structurally coherent, physically plausible, and functionally complete residential environments. These high-fidelity, large-scale simulations provide a robust foundation for advancing embodied intelligence applications and accelerating real-world robot training.

The long-term vision for embodied intelligence is the home environment. However, residential settings are inherently diverse and highly personalized, requiring robots to be trained across a broad range of realistic and differentiated scenarios before they can reliably operate in even a single household. High-fidelity simulation offers the most practical pathway to achieving this at scale, yet existing approaches typically involve a trade-off: synthetic environments lack realism, while scanned real-world scenes offer limited interactivity. Kairos-HomeWorld, together with its accompanying dataset, is designed to bridge this gap, delivering both realistic and interactive environments within a unified framework.

A four-stage architecture for whole-home, object-level generation
Conventional approaches to indoor scene generation remain constrained to single-room outputs, often exhibiting weak global consistency, frequent physical inaccuracies, and limited or no interactivity. Kairos-HomeWorld takes a fundamentally different approach. It decomposes whole-home generation into a structured, four-stage process, redefining the underlying architectural paradigm from the ground up.

Stage 1 — Floor Plan Generation. A K-D tree-based approach translates real-world floor plans into a hierarchical text representation that can be efficiently processed by large language models (LLMs). This method mitigates common issues in conventional layout generation, including room overlaps and fragmented topologies, resulting in more coherent and structurally consistent spatial configurations.

Stage 2 — 2D-to-3D Lifting & Furniture Layout Generation. A “top-down global initialization combined with a first-person detail walkthrough” approach anchors the process to the 3D building shell generated in Stage 1. This methodology mitigates the geometric drift commonly associated with conventional 2D-to-3D lifting techniques, enabling more stable and spatially consistent scene generation.

Stage 3 — Recursive Refinement. A fine-tuned vision-language model performs iterative validation and correction, automatically identifying and resolving physical inconsistencies, such as obstructed doorways or object collisions. This recursive process materially reduces spatial errors, achieving among the lowest reported furniture-collision rates in the industry.

Stage 4 — Manipulable Object Placement. A surface-centric placement algorithm assigns each object detailed physical properties, including material composition, density, friction, and structural support relationships. Each generated scene incorporates an average of more than 15 manipulable objects and achieves a Footprint Object Density (FOD) of 4.16, a metric reflecting the concentration of items across furniture surfaces. All objects are natively compatible with simulation engines, enabling direct interaction for tasks such as grasping, movement, and stacking.

The resulting environments move beyond “viewable but not actionable” outputs. Their coherent spatial structure enables seamless, continuous navigation across multiple rooms, while objects embedded with realistic physical properties allow robots to simulate complex household tasks end-to-end. Taken together, this approach addresses key limitations in existing data pipelines, resolving the scarcity of high-quality 3D simulation data, the lack of realism in synthetic environments, and the limited interactivity of scanned scenes within a single unified framework.

The dataset: 300,000 real floor plans, 5,000 fully interactive homes, built for Chinese households
ACE ROBOTICS and CUHK are open-sourcing a dataset of 300,000 structurally annotated residential floor plans, sourced from real-world listings and processed through a multi-stage automated pipeline. The pipeline vectorizes and labels key spatial elements, including door and window positions, room geometry, functional zoning, and connectivity. By comparison, widely used benchmarks such as RPLAN and ResPlan contain approximately 80,000 and 17,000 floor plans, respectively, underscoring the scale and comprehensiveness of the Kairos-HomeWorld dataset.

Building on this foundation, the dataset also includes 5,000 fully furnished residential environments, each featuring a complete furniture layout and an average of more than 15 physics-enabled, manipulable objects, powered by the PhysX-Omni model. All assets are sim-ready and can be directly imported into a simulation engine, enabling immediate use in interactive training scenarios.

Most existing open indoor-scene datasets are centered on North American and European residential formats, typically featuring open-plan kitchens, the absence of service balconies, and layouts and design elements that capture only a narrow segment of global housing. As a result, robots trained on these datasets often exhibit limited transferability when deployed in environments outside their scope. Kairos-HomeWorld ‘s dataset is purpose-built for Chinese households, with deliberate coverage of historically under-represented housing typologies. It spans a wide range of unit sizes, from approximately 30 m² (around 320 sq ft) studio apartments to residences exceeding 200 m² (approximately 2,150 sq ft). The dataset accurately reflects key architectural features common in these settings, including north-south cross-ventilated layouts, enclosed kitchens, dedicated service balconies, wet-and-dry-separated bathrooms, and entryway storage, as well as the irregular room configurations often found in older housing stock.

The dataset is being openly released to both academic and industry communities. Going forward, the team plans to expand its scope to include additional regions, interior styles, and interaction scenarios, further lowering barriers to real-world-ready training for embodied intelligence.

See it in action: one prompt to a fully interactive home
Kairos-HomeWorld runs the full end-to-end pipeline, from initial text input to a fully interactive home environment, delivering global spatial consistency, physical realism, and seamless interactivity from a single prompt.

The system begins with a single-line prompt: “Generate a 90 m² (approximately 970 sq ft) two-bedroom apartment in neo-Chinese style.” Leveraging real floor plan data and its K-D tree representation, Kairos-HomeWorld first constructs an empty spatial layout aligned with real-world living patterns, incorporating cross-ventilation and well-defined functional zoning. Building on this foundation, a hierarchical “global layout plus first-person detail” approach furnishes the environment with stylistic coherence, while a PhysX-Omni rendering pass assigns full physical properties to all surfaces and objects, including articulated behavior, ensuring the scene is fully interactive and sim-ready.

A single natural-language instruction, “tidy the whole home”, is decomposed by the robot into a variety of discrete sub-tasks, executed sequentially along a complete navigation path spanning the living room, bedrooms, kitchen, bathroom, and dining area. The robot recognizes objects, plans efficient routes, and performs precise manipulation tasks, including articulated-object interactions for opening refrigerator and cabinet doors, fluid interactions for pouring laundry detergent, soft-body interactions for drawing curtains, irregular-object interactions for grasping apples, and gravity-based physical interactions for placing snacks.

Conventional simulation environments typically support navigation-focused training in isolation. By contrast, Kairos-HomeWorld integrates globally consistent spatial structures with objects that embody realistic physical properties. This enables robots to interact naturally with more than 15 object types, accurately modeling real-world dynamics such as collision, gravity, and friction, and to rehearse the full lifecycle of complex household tasks entirely within a virtual environment.

Across the industry, the same structural bottleneck, the scarcity of home-scale training data, is being addressed through multiple approaches. For example, Figure AI’s collaboration with Brookfield focuses on collecting human activity data across more than 100,000 residential units. Kairos-HomeWorld addresses this challenge through on-demand synthetic generation, delivering scalable training environments enhanced with object-level physical realism, capabilities that real-world data capture alone cannot fully provide.

In contrast, Kairos-HomeWorld delivers significantly lower costs and higher efficiency for household robot training. Powered by its world model, it can programmatically generate diverse Chinese home simulation scenes and physics-enabled interactive objects at scale.

Robots can complete a full range of household tasks training entirely within the virtual environment. New scene generation incurs near-zero marginal cost, eliminating substantial real-world testing expenses such as site operation and maintenance and furniture damage. Meanwhile, unconstrained by the limited stock of physical residential properties, it outperforms real-world data collection approaches in both training efficiency and scalable expansion.

Kairos-HomeWorld is already deployed in ACE ROBOTICS’ embodied intelligence training workflows, enabling full-pipeline simulation of long-horizon household tasks, including cross-room navigation and multi-room tidying. By allowing robots to rehearse complete task sequences in a virtual environment, the platform significantly shortens the simulation-to-reality transfer cycle. This approach lowers barriers to developing embodied intelligence systems and supports the accelerated, large-scale deployment of home robotics, particularly within the Chinese market. Kairos-HomeWorld is now available on GitHub.Hashtag: #ACEROBOTICS

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About ACE ROBOTICS

Equipping robots with intelligent “brains” and engaging “souls”.

ACE ROBOTICS is a pioneering robotics company dedicated to advancing the field of embodied intelligence. Through breakthrough technological innovations and deep insights into embodied intelligence scenarios, we aim to empower robots with the ability to autonomously understand and explore the physical world, thereby accelerating their commercial implementation.

The company pioneered the ACE R&D paradigm and built a vision-based “environmental data engine, real-world cognition, embodied interaction generalization” technology chain. Using full spatiotemporal and multi-perspective environmental capture as its engine, along with Kairos 3.0 – China’s first open-source and commercially applicable world model – plus the Embodied Foundation Model as its technical backbone, ACE ROBOTICS addresses core industry challenges such as data scarcity, common sense gaps, poor generalization, and limited versatility. Simultaneously, the company unveiled its flagship A1 Embodied Super Brain Module, accelerating the large-scale commercial deployment of embodied intelligence across diverse scenarios.

ACE ROBOTICS is both a technology pioneer and an ecosystem builder. Through strategic cooperation with top hardware manufacturers, cloud service providers, and vertical scenario partners, we have broken through the “model-hardware-scenario” industrial deadlock, providing standardized and customized solutions that are driving the development of China’s embodied intelligence industry.

By Dr. Gyan Pathak The preliminary version of the OECD Outlook released on June 3, 2026 has projected the real GDP of India to grow by 6.3% during the FY 2026-27, which is a sharp decline from the robust growth rate of 7.8 per cent year-on-year in the quarter ending in December 2025 (Q3 FY2025–26), […]

The article India Stares At Difficult Days Ahead With Sharp Decline In Growth Rate In 2026-27 appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Comprising over 70 business and professional representatives from Hong Kong and the Chinese Mainland, the delegation has already yielded significant results at its first stop in Kazakhstan.

Speaking at a business luncheon in Astana yesterday (June 2), Mr Lee highlighted that 43 memoranda of understanding (MOU) and agreements have been concluded by the visiting delegation with companies and organisations from Kazakhstan, with more agreements to come.

“They span aviation, finance and trade, innovation and technology, the digital economy, green development, and more,” Mr Lee said, adding that a Hong Kong airline plans to launch direct flights to Almaty in the first quarter of 2027.

“I believe that Kazakhstan can serve as a hub for Hong Kong to connect with the Central Asian market. In turn, Hong Kong can be Central Asia’s hub in the east and southeast Asian region,” Mr Lee said.

“By strengthening co-operation between our two hubs, we can construct a hub-to-hub co-operation model.”

On his first day of visit in Astana (June 1), Mr Lee met with top government officials including the President of Kazakhstan, Kassym-Jomart Tokayev, Prime Minister Olzhas Bektenov, and Deputy Prime Minister and Minister of National Economy Serik Zhumangarin.

Mr Lee noted that Kazakhstan has been actively promoting reforms on various fronts to bring about rapid economic growth.

“As one of the world’s three major financial centres, and the world’s largest cross-boundary wealth management centre and offshore Renminbi business hub, Hong Kong can provide diversified and flexible support including capital and asset allocation for Kazakhstan’s economic reforms and infrastructure development,” Mr Lee said.

The Chief Executive also encouraged companies in Kazakhstan to leverage Hong Kong’s advantages under the “one country, two systems” principle.

“Under this unique principle, Hong Kong has its own economic, social, legal, legislative and judicial systems. We are the only common law jurisdiction in China. We have our own currency, with no capital or foreign exchange controls. We are, as well, a separate customs territory,” Mr Lee said.

“The ‘one country, two systems’ principle ensures Hong Kong’s unparalleled access to the markets of the Chinese Mainland. Capitalising on our global connectivity and world-class professional services, Hong Kong is your ideal, two-way springboard for business expansion.”

Mr Lee also visited the Astana International Financial Centre and the Astana Hub, a local technology and innovation park, to respectively learn about Kazakhstan’s experience in promoting the development of the non-bank financial sector and the latest developments of the country in the field of AI.

Before leaving Kazakhstan today (June 3), Mr Lee visited Nazarbayev University, underscoring the historic significance of the trip.

“It was here, at Astana’s Nazarbayev University in 2013, that President Xi Jinping first raised the visionary initiative of jointly building the Silk Road Economic Belt – today’s Belt and Road Initiative (BRI),” Mr Lee said.

Last year, at the 10th Belt and Road Summit in Hong Kong, the university signed a MOU with the Hong Kong University of Science and Technology, demonstrating a shared commitment to advancing higher education co-operation under the BRI. It further reached MOUs with Hong Kong’s Education University and Polytechnic University today.

“These agreements will deepen academic and research collaboration.

“Hong Kong is the only city in the world with five of the top 100 universities. This talent environment is reinforced by our global standing: last year, Hong Kong ranked first in Asia, and fourth globally, in the World Talent Ranking,” he added.

Mr Lee will continue to lead the delegation to Uzbekistan for the second leg of the mission to Central Asia.

Hashtag: #hongkong #brandhongkong #asiasworldcity #opportunitieswithCentralAsia

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The programme is anchored by MOKiN’s TrueGround™ technology, a SIRIM-certified anti-leakage charging solution designed to help reduce electrical leakage risks during charging. As the world’s first Class-1 Anti-Leakage charger, MOKiN introduces an added layer of electrical safety protection that addresses a risk often overlooked in conventional charging products, which typically prioritise charging speed and power output.

The initiative comes amid growing concerns over electrical safety in Malaysian households. According to the Fire and Rescue Department, electrical-related issues accounted for 68% of building fire cases recorded between January and September 2024, with more than 3,000 residential fire incidents linked to electrical sources such as faulty wiring, damaged electrical equipment and overloaded circuits.

“Charging has become such a routine part of daily life that many people no longer pay attention to warning signs like overheating, exposed cables or tingling sensations during charging,” said Terry Lee Hup Boon, Founder of UNIPRO GLOBAL SDN BHD.

“Many consumers tend to focus on charging speed and convenience, but electrical safety is just as important. Our anti-leakage charging technology was developed to help address safety risks that are often overlooked in everyday charging, and through the Safe Swap Programme, we hope to encourage greater awareness of safer charging practices.”

Through the Safe Swap Programme, consumers can trade in old or damaged chargers from any brand and receive a complimentary MOKiN 20W charger, while stocks last.Consumers can participate in Safe Swap activations at the following events from 1 to 30 June 2026:

• Switch World Event, Gurney Plaza, Penang (4-7 June 2026)
• UR Festival Fair, Sunway Square, Selangor (11-14 June 2026)

In partnership with consumer electronics retailer Gajeto, MOKiN will also be running a free trade-in campaign at selected Gajeto outlets throughout the month of June, giving consumers additional opportunities to learn more about safer charging solutions and explore MOKiN’s range of anti-leakage charging products. Customers can bring any old charger, regardless of brand, and swap in for a brand-new MOKiN 20W charger at no cost, with no purchase required, while stocks last. Participating Gajeto locations include:

• Gajeto IOI City Mall (6-7 June 2026)
• Gajeto The Exchange 106 (13-14 June 2026)
• Gajeto 1 Utama (20-21 June 2026)
• Gajeto Setia City Mall (27-28 June 2026)

Consumers may also choose to upgrade to selected higher-watt charging models ranging from 33W to 140W at promotional prices throughout the campaign period.

The Safe Swap Programme reflects MOKiN’s ongoing effort to encourage safer charging habits and greater awareness around the condition of charging accessories used daily by consumers. Consumers are encouraged to bring in old, damaged or ageing chargers during the campaign period, particularly accessories showing signs such as overheating, exposed cables, loose connections or inconsistent charging performance. All traded-in chargers collected through the programme will be removed from circulation as part of the initiative.

Complimentary MOKiN 20W chargers are available on a first come, first served basis while stocks last. For more information, visit www.mokin.my.
Hashtag: #mokinmalaysia #trueground #mokin #mokinmy #safeswap

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Unipro Global Sdn Bhd

Malaysia’s dedicated distributor for the world’s leading consumer electronics accessories brands such as MOKiN, AUKEY, ESR, and Nakamichi. Based in Kuala Lumpur. We bring premium tech accessories to Malaysian consumers. At Unipro Global Sdn Bhd, we believe that quality tech accessories should be accessible to every Malaysian. We work closely with our brand partners to ensure the right products reach the right customers — at the right price.

The yen traded near 159.92 per dollar in Asian dealings, close to the level widely viewed by traders as a possible trigger for official action. The move erased much of the currency’s rebound after Japan’s ¥11.7 trillion intervention campaign earlier this year, leaving markets alert to fresh warnings from the Ministry of Finance.

Dollar demand strengthened after renewed fighting in the Gulf raised fears of wider disruption to energy supplies and trade routes. The US currency benefited from its reserve status, while risk-sensitive currencies came under pressure. The dollar index held around 99.27, supported by geopolitical uncertainty and firm US labour indicators that have reduced expectations of near-term monetary easing by the Federal Reserve.

Japan’s authorities have intensified verbal warnings as the yen weakens. Finance Minister Satsuki Katayama has said the government is ready to respond appropriately to excessive currency moves, language that traders typically read as a signal that intervention remains on the table. Officials have also stressed coordination with the United States, a politically sensitive point because unilateral currency action can draw scrutiny from trading partners.

The yen’s slide reflects a combination of external pressure and domestic policy constraints. Japan remains heavily dependent on imported energy, much of it priced in dollars. Higher oil prices therefore worsen the trade position and add pressure to household costs, while a weaker yen raises import bills further. Brent crude climbed towards $95 a barrel as Gulf tensions fed concerns over supplies, adding another layer of strain for Japan’s economy.

Attention is now focused on Bank of Japan Governor Kazuo Ueda, whose next policy signals will be watched closely ahead of the June 15-16 policy meeting. Markets have increased bets that the central bank could raise interest rates from 0.75% to 1%, especially as imported inflation pressures build. Any move would mark a further step away from the ultra-loose policy framework that kept Japan’s rates far below those of other major economies for years.

Still, the Bank of Japan faces a difficult balance. A rate increase could support the yen and help restrain inflation expectations, but policymakers remain cautious about tightening too sharply while domestic demand stays uneven. Wage growth has improved, yet household purchasing power remains vulnerable to higher energy and food costs. A premature tightening cycle could hurt consumption just as companies pass on higher input costs.

The interest-rate gap with the United States remains central to the yen’s weakness. US policy rates are still high by comparison, keeping dollar assets attractive to global investors. Stronger US jobs data has strengthened the argument that the Federal Reserve may keep policy restrictive for longer, or even consider further tightening if inflation risks intensify. That has limited any relief for currencies trading against the dollar.

Other major currencies also softened. The euro slipped as investors assessed rising energy-driven inflation in the eurozone and the possibility of a European Central Bank rate increase at its June 11 meeting. Sterling edged lower, while the Australian and New Zealand dollars were weighed down by weaker risk appetite. Cryptocurrency markets also came under pressure as investors moved away from volatile assets.

For Japan, the 160 level carries market and political significance. Authorities intervened when the yen breached similar levels in 2024 and again used large-scale buying this year to slow the currency’s decline. The effectiveness of intervention, however, depends on whether monetary policy and global market conditions move in the same direction. Without a narrower yield gap or a broader fall in the dollar, direct yen purchases can lose impact quickly.