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  • IFPHK x YF Life: Hong Kong–Macau Retirement Expense Indexrises to 131.6 — Monthly Spending Reaches HK$15,090
  • Retiree Living Costs Have Risen Nearly 3 Times Faster Than General Inflation Since 2020

HONG KONG SAR – Media OutReach Newswire – 27 August 2026 – The Institute of Financial Planners of Hong Kong (IFPHK), in collaboration with YF Life Trustees Ltd. (YF Life Trustees), today launched the “IFPHK x YF Life: Hong Kong–Macau Retirement Expense Index” (Index). While the Index has been tracking retiree living expenses since its inception in 2020, this year marks the first time IFPHK and YF Life Trustees have partnered to expand the study to cover both Hong Kong and Macau, providing a broader regional benchmark.

Retirement Costs Soar Faster Than Inflation, Monthly Spend Hits HK$15,090: Over 72% of HK Retirees Wish They'd Acted Sooner

The findings show that retiree inflation in Hong Kong has continued to outpace general inflation. The Index rose to 131.6 in 2026, up from 127.0 in 2023 and 100 in 2020, while average monthly spending increased to about HK$15,090 in 2026. On an annualised basis, the Hong Kong Retirement Expense Index grew by more than 5% per annumfrom November 2020 to May 2026, compared with about 1.8% per annum for Hong Kong’s Composite CPI over the same period, showing that retiree living costs have effectively appreciated close to three times faster than Hong Kong’s general Composite CPI over the same period, underscoring how retirement-specific inflation — driven by travel and dining — is materially outpacing headline price trends.

Furthermore, the study reveals that more than 72% of retirees carry at least one regret regarding their retirement preparation. Most commonly, respondents feel they should have started saving or investing earlier and learned about financial planning sooner, while many continue to express concerns about medical costs, inflation, longevity risk and the risk of outliving their savings.

Dr. Paris Yeung, Chief Executive Officer of IFPHK, stated: “The findings show that satisfaction alone does not mean retirees are fully prepared. More than 72% say they have regrets, and the most common regrets point clearly to the need to start saving, investing and planning earlier. At the same time, retiree inflation has been rising faster than headline inflation, which means future retirees need more robust and flexible plans to protect their purchasing power over time. Through this expanded collaboration with YF Life, we aim to provide deeper regional insights to help future retirees plan with greater confidence.”

He added: “Turning regret into action requires starting earlier, integrating healthcare protection into retirement planning, viewing MPF as a steady retirement paycheck, and engaging qualified financial planners to address estate planning gaps. More importantly, retirement planning should shift from a rigid, set-and-forget approach to a flexible plan that adapts to each retiree’s evolving needs—what we call moving from a ‘fixed plan’ to a ‘flexible, evolving strategy’. Our goal is to help future retirees achieve sustainable and wellplanned golden years.”

Mr. Alvin Tse, Chief Executive Officer of YF Life Trustees, stated: “As the exclusive Project Sponsor of this expanded regional study, YF Life is proud to collaborate with IFPHK on this critical benchmark for Hong Kong and Macau. The 2026 data clearly shows that while retirees desire active lifestyles, they are heavily squeezed by medical inflation and the fear of outliving their wealth. To bridge this gap, retirees must shift away from viewing retirement savings as a static lump sum. By maximizing the flexibility of the MPF through phased withdrawals and mixed-asset strategies, alongside pairing them with lifetime annuity-style income streams and robust medical protection, individuals can effectively convert accumulated assets into a predictable, lifelong paycheck. True financial peace of mind comes from building an integrated fortress that safeguards against both market volatility and longevity risk.”

Key Highlights of the Study:

  • Retiree Inflation Has Outpaced General Inflation: The Index rose from 100 in 2020 to 131.6 in 2026, with average monthly retiree expenses increasing to about HK$15,090 and the Index growing at more than 5% per annum versus about 1.8% for Hong Kong’s Composite CPI for the same period. This escalation is driven partly by travelling and cross‑boundary transport—with roughly four out of five retirees visiting GBA Mainland cities and spending about RMB 1,100 per trip. This suggests that general inflation figures may understate retirees’ actual cash‑flow needs, highlighting the importance of planning for inflation‑protected retirement income and periodically rebasing budgets using a retiree‑specific living expense index rather than general CPI so they can maintain their intended post‑retirement lifestyle.
  • Retirees’ Satisfaction Masks Ongoing Financial Anxiety and Planning Gaps: Although many retirees report being satisfied with their current retirement life, concerns remain widespread, with 51% worrying about unexpected medical expenses, 41% about inflation and 77% still lacking any form of estate or asset planning. This suggests that retirees should turn present satisfaction into future resilience by building healthcare and contingency reserves, setting clear drawdown rules to manage longevity risk, and putting in place basic estate and incapacity documents such as wills, enduring powers of attorney and advance directives well before potential health or family crises arise.
  • Conservative Spending but Widespread Regret—Especially Among Asset‑Rich Retirees
    Actual retirement spending remains conservative, with average retirement expenses in 2026 equal to about 49% of pre‑retirement income. Yet more than 72% of retirees say they would have done something differently in preparing for retirement, most notably saving or investing earlier, learning financial planning earlier and communicating more openly with family about money and care needs. This pattern emphasizes that future retirees should start disciplined saving, investing and family financial discussions much earlier, even when their asset position appears comfortable.
  • MPF Transitioning Toward Income Support: While most eligible retirees still treat MPF as a lump sum, with about 76% having fully withdrawn their benefits in 2026, the scheme is gradually shifting toward an income‑support role, as 22% now use MPF to fund monthly expenses, up from 12% in 2023. Retirees are encouraged to treat MPF as part of a structured retirement income strategy, considering phased withdrawals, annuity‑style income solutions, and planned drawdowns rather than a single cash‑out, converting accumulated MPF assets into a more predictable and sustainable retirement paycheck.

Hashtag: #IFPHK #YFLife #RetirementPlanning

The issuer is solely responsible for the content of this announcement.

About “IFPHK x YF Life: Hong Kong–Macau Retirement Expense Index”

The “IFPHK x YF Life: Hong Kong–Macau Retirement Expense Index” was jointly launched in 2026 by the Institute of Financial Planners of Hong Kong (IFPHK) and YF Life Insurance International Limited. Since 2020, the Index has been the only long-term, retirement-specific benchmark tracking retirees’ actual living expenses. As the first study of its kind by IFPHK, the Index tracks and measures long-term changes in retirees’ actual living expenses with reference to the Composite Consumer Price Index (CPI) and the expenditure weightings published by the Government.

In the Hong Kong survey conducted in June 2026, NielsenIQ (NIQ) interviewed 304 retirees aged 55 to 74 with monthly personal income of at least HK$20,000 before retirement and not receiving means-tested social security or charitable support.

About IFPHK

IFPHK was established in June 2000 as a non-profit organization for the fast–growing financial industry. The Institute is the sole licensing body in Hong Kong authorized by Financial Planning Standards Board Limited to grant the much-coveted and internationally recognized CFP® certification and AFP® certification to qualified financial planning professionals in Hong Kong and Macau. Currently there are more than 236,000 CFP certificants in 29 regions; the majority of these professionals are in the U.S., China, Japan, Canada and Brazil. As at 28 February 2026, Hong Kong had approximately 3,238 CFP certificants.

At present, IFPHK has 5,298 members in Hong Kong including 956 Qualified Retirement Adviser (QRA) holders; and represents financial planning practitioners in diverse professional backgrounds such as banking, insurance, independent financial advisory, stock broking, accounting, and legal services.

About YF Life Trustees Ltd. & YF Life

YF Life Trustees is a member of YF Life Insurance International Limited (YF Life), and was among the first group of institutions approved as a Mandatory Provident Fund (MPF) scheme trustee. The company specializes in providing MPF services and is committed to creating long-term value for its scheme members.

The major indirect shareholders* of YF Life Insurance International Limited (“YF Life”) include Massachusetts Mutual Life Insurance Company (“MassMutual”), which itself has over 170 years of experience and is one of the Five Largest US Life Insurance Companies**, as well as Yunfeng Financial Holdings Limited, among others. YF Life is a long-term strategic partner of Barings. We stay at the forefront of Hong Kong’s insurance industry with our superior global investment capabilities, extensive partnership network, and fintech innovation.

* MassMutual and Yunfeng Financial Holdings Limited have indirect shareholdings in YF Life.
** The “Five Largest US Life Insurance Companies” are ranked according to the results of “Insurance: Life, Health (Mutual)” and “Insurance: Life, Health (Stock)”on total revenues for 2025, and based on the FORTUNE 500 as published on June 3, 2026.

HONG KONG SAR – Media OutReach Newswire – 27 August 2026 – In an era when enterprise software valuations are being fundamentally repriced by the rise of agentic AI, Deepexi Technology Co., Ltd. (1384.HK) has emerged as a rare counterexample: a pure-play enterprise AI platform that is delivering both technology leadership and bottom-line profitability. According to the company’s first interim results following its public listing, Deepexi recorded a 115% year-over-year surge in revenue for the first half of the year, powered by a 209% leap in core AI revenue and a decisive turnaround to quarterly GAAP profitability in the second quarter of 2026. This performance has earned the company “Buy” and “Overweight” ratings from multiple brokerages within its first year of listing.

Quarterly Profitability: A Rare Milestone in Hong Kong’s AI Sector

In capital markets, ambitious visions must ultimately be backed by real financial performance—and Deepexi’s interim results provide clear proof of execution.

For the first half of 2026, the company generated RMB 284.0 million in total revenue, marking a 115.0% year-over-year increase. Its AI business served as the primary growth engine, contributing RMB 226.0 million—an impressive 209.2% year-over-year surge—bringing AI revenue to 79.6% of total corporate turnover.

Even more noteworthy is the marked improvement in profitability. First-half gross profit reached RMB 160.0 million, up 120.5% year-over-year, with gross profit margin expanding to 56.5%. Crucially, during the second quarter of 2026, Deepexi posted a standalone quarterly net profit of approximately RMB 30.1 million, officially crossing the breakeven threshold.

In Hong Kong’s technology sector, pure-play enterprise AI companies capable of achieving quarterly net profitability while sustaining high R&D investment remain exceptionally rare. This milestone underscores Deepexi’s operational efficiency, scalable software delivery, and self-sustaining monetization engine.

This scarcity value is equally evident in the company’s revenue composition and vertical reach. Industrial manufacturing accounted for more than 50% of total revenue, while retail and consumer goods contributed 30%, alongside expanding footholds in healthcare and smart transportation. In manufacturing, for example, equipment troubleshooting and predictive maintenance involve dense engineering schematics, real-time IoT sensor telemetry, and extensive historical maintenance logs—all of which Deepexi translates into structured logic that AI models can readily interpret. This deep vertical expertise and proprietary data accumulation create a formidable competitive barrier that general-purpose AI vendors cannot easily match.

Beyond the “SaaSpocalypse”: Deepexi’s AI-Native Platform Defies the Software Valuation Reset

The first quarter of 2026 witnessed what market observers have dubbed the “SaaSpocalypse”—a tectonic shift in which approximately $2 trillion in market capitalization was erased from B2B software equities, driven by a fundamental fear that agentic AI would cannibalize the traditional per-seat licensing model. The iShares Expanded Tech-Software ETF (IGV) plunged nearly 21% year-to-date, and enterprise software multiples (EV/Sales) cratered from a 5.6x average at the end of 2025 to 4.2x by mid-March.

Investors have pivoted decisively toward AI-native infrastructure—companies that manage the data and underlying plumbing of autonomous systems—while penalizing traditional application-layer SaaS vendors reliant on human-centric interfaces. As a recent Windsor Drake analysis notes, “AI-native agentic platforms clear 14x to 22x revenue, with private rounds at 20x to 30x,” while legacy standalone RPA trades at just 2.5x to 5x. The market is now rewarding AI-native architecture and measurable workflow ownership.

Deepexi sits squarely on the winning side of this divergence. Unlike traditional SaaS vendors whose revenues are tied to human seat counts—and thus vulnerable to agentic displacement—Deepexi’s token-based, consumption-driven model aligns directly with the agentic AI future. The company’s DeepWorks enterprise Agent platform does not sell per-seat licenses; it sells AI productivity, enabling enterprises to deploy autonomous agents that replace repetitive administrative work, not software seats. As the market shifts from “AI as a feature” to “AI as a replacement,” Deepexi’s business model is structurally insulated from the seat-compression forces that have punished legacy software vendors.

Focus on Enterprise AI Applications and Proprietary Domain Data

To ensure AI truly meets real-world enterprise demands, generic foundational models are insufficient on their own. Deepexi’s core competitive edge lies in its specialized “Data + AI” dual-engine architecture, anchored by the FastData enterprise data intelligence platform, the FastAGI agentic AI suite, and the Deepexi Enterprise Large Model Platform, supported by its proprietary Deepology ontology dataset containing over 2,000 vertical industry skills.

At the foundational layer, the FastData platform—powered by the FastData Foil fusion engine—acts as an intelligent lakehouse that tokenizes structured, semi-structured, and complex unstructured enterprise data into standardized formats ready for large model training and inference. Building upon this data foundation, the FastAGI platform and DeepWorks Enterprise Agent Platform provide organizations with a flexible, modular AI operating system.

Featuring a pluggable architecture, the platform connects seamlessly to leading open-source foundation models such as DeepSeek and Zhipu AI, giving enterprise clients complete autonomy while eliminating vendor lock-in. This “model-agnostic” approach is a key differentiator in an environment where enterprises increasingly demand flexibility to choose the best model for each use case, rather than being locked into a single provider.

Through native Model Context Protocol (MCP) frameworks and specialized agents—ranging from operational decision-making agents to productivity and autonomous workflow execution agents—Deepexi embeds intelligence directly into core business operations. DeepWorks is fully integrated with mainstream workplace collaboration suites such as DingTalk, Feishu, and Tencent Meeting, allowing employees to summon AI copilots directly for automated weekly reporting, data synthesis, and cross-departmental coordination—effectively turning AI into an indispensable daily productivity tool.

In an enterprise AI market where 42% of organizations already have AI agents in production and 72% are deploying across production and pilots combined, Deepexi’s proven, governed agentic workflows are no longer an experiment—they are core infrastructure.

Strategic Partnership with Huawei Cloud: Tackling Compute and Data Bottlenecks

In the commercialization of enterprise AI, computing costs and access to high-quality domain data represent two of the industry’s most critical bottlenecks. On August 12, Deepexi announced a strategic alliance with Huawei Cloud to jointly launch enterprise data intelligence solutions, providing strong operational backing for the company’s long-term expansion.

The partnership combines the complementary strengths of both technology leaders. Huawei Cloud provides underlying Ascend AI computing clusters and distributed cloud infrastructure, while Deepexi brings its deep expertise in enterprise data governance, data tokenization, and vertical AI agent deployments. By integrating with Huawei’s domestic Ascend compute clusters, Deepexi not only secures stable, long-term computing power but also significantly drives down token processing costs. This cost efficiency establishes ideal conditions for exploring usage-based, token-metered commercial billing models—precisely the kind of consumption-based pricing that aligns with the agentic AI future.

Crucially, falling AI costs are widely expected to accelerate enterprise adoption of autonomous agents. Deepexi’s partnership with Huawei Cloud positions the company to capture this demand wave with a cost structure that improves as token volumes scale—a powerful margin-expansion dynamic that stands in stark contrast to the fixed-cost burden of traditional SaaS.

Strong Institutional Backing Highlights Long-Term Investment Value

Reflecting strong capital market confidence, Deepexi announced on August 17 the successful placement of 14,286,000 new H-shares at HK$35.00 per share, raising net proceeds of approximately HK$488.0 million. Successfully closing a sizeable placement amid broader market volatility demonstrates strong institutional recognition of Deepexi’s proven business model, robust unit economics, and profitability trajectory.

The company’s strategic shareholder structure provides a solid foundation for long-term growth. It is supported by prominent independent investors, including Hillhouse, 5Y Capital, and BAI, as well as industry-focused investors such as Shanghai AI. These partnerships enhance Deepexi’s industry reputation, drive technological innovation, and strengthen its market competitiveness.

The newly raised funds are earmarked primarily for continuous R&D in next-generation enterprise agent systems and token productivity platforms—positioning the company to capture the $206.5 billion AI agent software market projected for 2026, which Gartner expects to grow to $376.3 billion in 2027.

Investment Thesis: Why Deepexi Stands Apart

1. AI-Native Architecture in an Agentic World. Unlike legacy SaaS vendors facing seat compression, Deepexi’s token-based model is structurally aligned with the agentic AI future. The company doesn’t sell software seats—it sells AI productivity.

2. Rare Profitability in Enterprise AI. Quarterly GAAP profitability at a 56.5% gross margin, with projected revenue CAGR of 95.5% through 2027, places Deepexi among the most financially disciplined enterprise AI companies globally.

3. Model-Agnostic, Vendor-Neutral Platform. In an environment where enterprises demand flexibility, Deepexi’s pluggable architecture—supporting DeepSeek, Zhipu, and other open-source models—eliminates lock-in and captures value regardless of which foundation model wins.

4. Proprietary Data Moat. With over 2,000 vertical industry skills and deep expertise in manufacturing, retail, healthcare, and transportation, Deepexi’s domain-specific data capabilities create barriers that general-purpose AI vendors cannot replicate.

5. Strategic Compute Partnership with Huawei Cloud. Long-term, cost-effective compute access, combined with token-metered pricing models, positions Deepexi for sustained margin expansion as token volumes scale.

6. Institutional Validation. Backing from top-tier investors and a successful HK$488 million placement amid market volatility signal strong institutional confidence in Deepexi’s business model and growth trajectory.

The enterprise AI market has decisively shifted from early conceptual exploration into a new era of commercial execution and tangible financial delivery. Backed by mature product suites across FastData and FastAGI, proprietary vertical ontologies, strategic cloud partnerships, and an official transition to net profitability, Deepexi Technology has proven that enterprise AI can deliver both transformative technology and sustainable profits.

Hashtag: #DeepexiTechnology

The issuer is solely responsible for the content of this announcement.

About Deepexi Technology

Deepexi Technology is China’s leading provider of enterprise large model AI application solutions. Through its FastData enterprise data intelligence solution and FastAGI enterprise AI solution, it empowers enterprises to integrate their data, decisions and operations efficiently at scale. Deepexi ranked fifth in China’s enterprise large model AI application solution market in terms of revenue in 2024. Its solutions have achieved large-scale commercialization across multiple verticals, including consumer goods, manufacturing, healthcare and transportation. As of June 30, 2025, Deepexi Technology served a cumulative total of 283 enterprise customers across various industries.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. The company undertakes no obligation to update any forward-looking statements.

HONG KONG SAR – Media OutReach Newswire – 25 August 2026 – Knitup, a design-to-manufacturing platform, is introducing a flexible production model tailored to the rapidly expanding global creator economy. As online creators move beyond basic print-on-demand merch, Knitup bridges the gap by offering custom, high-end knitwear with low barriers to entry.

Over 45% of online creators are diversifying revenue through direct product launches, but the creator apparel industry is still stuck in cheap screen-printed blanks that dilute premium IP. Top creators want to build fashion-grade consumer brands, but traditional fashion manufacturers requires high MOQs, long lead times, and technical literacy. High-end creators face a trade-off: basic promotional blanks or massive inventory risk on fashionable products. Knitup solves this by enabling creators with no technical know-how to go from idea to premium products with no minimum requirement. With the advantage of full creative freedom, zero inventory liability, and rapid replenishment cycles, creators can target the premium segment with offerings of BCI Cotton and sustainable merino wool sweaters and beanies, or even step into the luxury tier segment with cashmere cardigan, dresses and blankets.

“We created Knitup to empower the next generation of creators by making the capabilities of a fashion design house accessible,” said Dorothy Pun, Founder of Knitup. “Creators and designers are enabled to make better products with minimal capital outlay. Brands and the planet are saved the burden of inventories. The world sees more creativity and innovation.”

Knitup addresses bottlenecks around mass customization for any knitted products by automatically turning digital design into knitting data that goes straight to knitting machines. What usually takes hours can now take minutes.

Since launching its online design platform in 2022, Knitup has grown to serve over 1,000 brands, ranging from emerging labels to established global names. Key capabilities include:

  • No Minimums: Produce exactly what the market demands, precisely when it wants it, helping eliminate excess inventory.
  • Design Expression: Bring visuals to life, from detailed custom jacquards to classic solid stitches and crisp embroidery.
  • Creation Process, Edited: Styles are visualized using high fidelity virtual samples. No waste even if users over-design and kill many styles. All costed instantly. Guilt-free and simple. Also a perfect tool to get consumers’ feedback on social media.
  • Sustainable Yarns: Access to environmental friendly materials that deliver both quality and great hand-feel.
  • Agile Manufacturing: A frictionless three-week production lead time that allows brands to restock rapidly, introduce new styles at speed, or launch limited capsule collections in weeks.

From bold statement graphics to quiet luxury, Knitup makes conscious fashion accessible without sacrificing speed, quality, or creative expression.
Hashtag: #Knitup #CreatorCommerce #PremiumKnitwear

The issuer is solely responsible for the content of this announcement.

About Knitup

is a new kind of design-to-manufacturing platform that caters to everyone, from visionary artists and makers to small businesses and even large global corporations.

We bridge the gap between creativity and commerciality by enabling easy access to a complex knitwear supply chain. Our deep heritage in manufacturing, combined with cutting-edge technology and extensive know-how, unlocks a world of possibility for a creator, brand, or business.

Ultimately, we believe in the power of self-expression. By providing the tools and resources for anyone to bring to life high-quality and sustainable products, we enable creativity to flourish everywhere. From fostering vibrant communities built on shared stories and collaboration, to established corporations venturing out into new avenues.

Onix is pushing a specialised model of artificial intelligence that gives individual experts control over AI systems trained on their own work, betting that trust, privacy and domain knowledge can offer an alternative to general-purpose chatbots. The Montreal-based company, co-founded by David Bennahum and Nicholas Nadeau, has concentrated initially on health and wellness, where users can interact with AI versions of recognised specialists whose knowledge bases are […]

Standard Chartered has become the first bank to distribute a regulated Hong Kong dollar stablecoin, opening access to Anchorpoint Financial’s HKDAP for eligible institutional clients and partners as Hong Kong pushes tokenised money deeper into mainstream financial services.

The London-headquartered banking group said it will help qualifying customers integrate HKDAP into financial and commercial operations. Planned applications include money-market fund subscriptions, settlements with asset managers, transfers between entities within the bank’s international network and cross-border payments.

The move gives HKDAP a major banking distribution channel less than two weeks after Anchorpoint began its limited institutional rollout on August 12. The stablecoin, whose name stands for HKD At Par, is designed to maintain a one-to-one value with the Hong Kong dollar and is currently available through a controlled beta programme.

Standard Chartered is the majority shareholder in Anchorpoint, which was established with HKT and Animoca Brands. The venture received one of Hong Kong’s first stablecoin issuer licences in April, alongside HSBC, following the introduction of the territory’s Stablecoins Ordinance in August 2025.

Standard Chartered’s role as distributor is distinct from Anchorpoint’s function as issuer. Under Anchorpoint’s business-to-business-to-consumer model, authorised distributors provide access to the token after conducting customer onboarding and know-your-customer checks. That structure is intended to connect regulated tokenised money with banks, exchanges, asset managers, companies and, eventually, individual users.

Access remains restricted during the beta stage to corporates and professional investors. Anchorpoint aims to broaden availability to retail users as early as the end of 2026, subject to operational and market readiness.

HKDAP currently operates on the Ethereum mainnet. Its reserves are held under a trust arrangement for token holders, with Standard Chartered Trustee acting as trustee. The token does not pay interest and is not positioned as an investment product. Instead, it is designed as digital cash for payments, settlement and movement of funds.

Early activity remains deliberately limited. Anchorpoint disclosed circulation of HK$522,000 and transaction volume of HK$658,160 as of August 19, with reserve assets of about HK$1.62 million. Issuance over the preceding 30 days totalled HK$524,130, while HK$4,170 had been redeemed. The small amounts reflect the controlled institutional testing phase rather than a mass-market launch.

The distribution agreement nevertheless represents an important step towards commercial use. Standard Chartered plans to introduce additional HKDAP applications over the coming month, expanding beyond experiments into transactions that could demonstrate whether regulated stablecoins can reduce settlement times and connect conventional banking infrastructure with blockchain-based markets.

The bank has been accelerating its digital-asset strategy across several areas. It already provides institutional trading in deliverable spot Bitcoin and Ether, has expanded digital-asset custody services and has developed blockchain-based settlement and collateral arrangements. In July, it also launched integrated institutional access to Circle’s USDC minting and redemption infrastructure.

Standard Chartered’s scale could give HKDAP a distribution advantage. The group operates across 55 markets and reported total assets of about $993.4 billion at the end of June 2026, up from roughly $920 billion at the end of 2025. First-half operating income reached a record $11.6 billion, while pre-tax profit rose to $4.8 billion.

Hong Kong’s regulated stablecoin experiment is taking shape cautiously. The monetary authority has imposed capital, reserve-management, redemption, governance, anti-money-laundering and risk-management requirements on licensed issuers, seeking to distinguish supervised fiat-backed tokens from the less regulated stablecoins that dominate global cryptocurrency trading.

HSBC, the other initial licensed issuer, is preparing its own Hong Kong dollar stablecoin for launch during the second half of 2026. The entrance of two globally significant banks places Hong Kong among the jurisdictions attempting to develop regulated alternatives to dollar-denominated tokens such as USDT and USDC, which account for the overwhelming majority of global stablecoin activity.

HKDAP’s first commercial targets centre on areas where settlement speed can offer measurable benefits. Tokenised investment products can potentially be subscribed to and redeemed using programmable money without waiting for traditional banking hours. Cross-border corporate transactions and intragroup treasury transfers could similarly move continuously while maintaining a direct link to regulated fiat reserves.

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A powerful anonymous artificial intelligence model designed for coding has emerged with an unusually large context window, free access and a data policy that allows its unidentified operator to retain users’ prompts and responses. Ox Alpha appeared on OpenRouter on August 20 as a “stealth” reasoning model aimed at coding, sustained agentic work and production workloads. Its developer and operator have not been identified publicly, while OpenRouter […]

BEIJING, CHINA– Media OutReach Newswire – 24 August 2026 – The 2nd World Humanoid Robot Games opened yesterday at Beijing’s National Speed Skating Oval, also known as the “Ice Ribbon.” As another real-world validation of 5G Capital in robotics and embodied AI, China Unicom Beijing and Huawei have built an integrated digital foundation powered by a 5G-A GigaUplink network, supporting intelligent event operations, robot competition, and spectator experiences. The deployment also lays a connectivity foundation for humanoid robots to move beyond the arena and into everyday life. Across Beijing, 5G Capital’s region-wide GigaUplink network is providing ubiquitous, secure, and reliable connectivity for a growing range of cultural tourism, embodied AI, and Mobile AI applications and events.

China Unicom Beijing and Huawei Power the 2nd World Humanoid Robot Games with 5G-A GigaUplink
China Unicom Beijing and Huawei Power the 2nd World Humanoid Robot Games with 5G-A GigaUplink

This year’s Games feature major upgrades in both scale and competition design. A total of 1,301 competitions across 51 events will see 2,056 humanoid robots from 666 teams worldwide take part. The number of events has nearly doubled from 26 in the inaugural Games to 51 this year, with new high-intensity head-to-head events such as table tennis and kickboxing. Scenario-based competitions have also expanded into real-world settings including industrial production, hotels, homes, and logistics, while dance events place greater emphasis on synchronized movement across multiple robots. More autonomous competition formats and significantly higher task complexity are placing stringent demands on networks for high-capacity uplink, millisecond-level responsiveness, and high reliability, supporting real-time robot telemetry, precise control signaling, and multi-robot coordination.

To meet these requirements, China Unicom Beijing and Huawei deployed a dedicated 100 MHz network, complemented by a 300 MHz LampSite ultra-wideband indoor network, to support real-time robot telemetry and precise signaling exchange. A dedicated 5QI 7 slice combined with carrier isolation keeps end-to-end latency for humanoid robots within 30 milliseconds, supporting millisecond-level decision-making and response while helping ensure the precision of multi-robot coordination, obstacle avoidance, and fine-motion control.

By further integrating the dedicated network with BeiDou RTK (Real-Time Kinematic) positioning, the solution delivers decimeter- to sub-decimeter-level positioning accuracy, supporting autonomous navigation, agile obstacle avoidance, and precision racing in complex environments. On-site tests recorded a peak uplink speed of 1 Gbps, with average latency below 30 milliseconds.

While safeguarding mission-critical connectivity for the robots, China Unicom has also made the network experience of on-site spectators a priority. To address the high-density, heavy-traffic demands of large crowds, network resources and service assurance policies are dynamically adjusted according to different phases and areas of the event, including admission, waiting, competition, and departure. Core services such as instant messaging, ticket inquiries, QR-code admission, and mobile payments are prioritized for stable access, while the network also accommodates data-intensive services such as photo uploads, short-video sharing, and live streaming. This allows spectators to stay connected, interact seamlessly, and share highlights in real time even during peak traffic periods.

On the operations side, China Unicom has also developed China’s first embodied AI robot management platform designed for event scenarios. Through a unique network ID assigned to each robot, event staff can monitor its location within the venue, competition status, and operational metrics in real time, creating a closed-loop operations and management system.

China Unicom and Huawei Together Advancing the 5G Capital initiative
China Unicom and Huawei Together Advancing the 5G Capital initiative

Yang Lifan, Deputy General Manager of China Unicom Beijing, said: “This network deployment is not only a real-world test of China Unicom’s network capabilities; it will also help us accumulate valuable network assurance experience for the large-scale deployment of embodied AI. China Unicom will continue to build on the experience gained through the 5G Capital initiative and turn technological innovation into tangible and replicable network capabilities for the Mobile AI era. In doing so, we aim to support industrial innovation and help bring Chinese solutions to the world with China Unicom’s expertise.”

David Li, President of Huawei’s Wireless TDD Product Line, said: “The 2nd World Humanoid Robot Games have provided a compelling real-world validation of the 5G-A 100 MHz GigaUplink network based on 3.5 GHz 2CC + 2.1 GHz SUL for embodied AI scenarios. Looking ahead, Huawei will continue to work with China Unicom Beijing to strengthen uplink capabilities and advance spectrum coordination, building multidimensional network capabilities with tiered and differentiated service assurance for multimodal device-to-cloud transmission. This will enable real-time interaction and precise control across a wide range of embodied AI scenarios.

“Networks are about more than speed. Low latency, high reliability, and ubiquitous coverage are equally important. Building on these capabilities, we will further advance the 5G Capital initiative, continue to expand the boundaries of network performance, and lay a solid foundation for the Mobile AI era, working with industry partners to enable an intelligent future.”

Hashtag: #Huawei #WorldHumanoidRobotGames

The issuer is solely responsible for the content of this announcement.

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 August 2026 – A Vietnamese men’s grooming brand is preparing to enter the U.S. market with a business model that has been developed and scaled across Asia. The move will be an important test of East West Barbershop (Dong Tay Barbershop)’s ability to expand internationally, taking one of Asia’s leading men’s grooming chains into the world’s most competitive barbershop market.

East West Barbershop (Dong Tay Barbershop) has established a presence in several overseas markets, including Thailand, China, Uzbekistan and Europe.
East West Barbershop (Dong Tay Barbershop) has established a presence in several overseas markets, including Thailand, China, Uzbekistan and Europe.

From a Vietnamese barbershop to an international network of more than 130 locations

In the global men’s grooming industry, building an international brand requires barbershop chains to solve a fundamental challenge: How can they standardize services, train staff, maintain a consistent customer experience and scale their model without losing their identity?

This is the formula behind many of the world’s leading names in the hair and grooming industry, including Great Clips, Supercuts, Sport Clips Haircuts, TONI&GUY, QB House and Jawed Habib Hair & Beauty. These brands have transformed a service industry traditionally dependent on individual craftsmanship into scalable business systems.

East West Barbershop (Dong Tay Barbershop) is pursuing a similar path. Founded in Vietnam in 2018, the company has grown into a network of more than 130 locations, with over 1,000 barbers, while gradually expanding into international markets. At this scale, East West operates in a different league from independent barbershops.

The value of a barbershop chain with hundreds of locations lies in its ability to deliver a consistent experience across the entire network. This is also why East West Barbershop (Dong Tay Barbershop) has been ranked among the Top 10 large-scale grooming brands in the world.

But as it prepares to enter the U.S. market, the key question is whether this model can be successfully transferred and operated in a completely different market.

Beyond the haircut: When a barbershop becomes an experience

East West Barbershop (Dong Tay Barbershop) seeks to differentiate itself by developing an “Experiential Barbershop” concept, combining grooming with relaxation and entertainment.

From the moment customers walk through the door, they are greeted by a space filled with greenery, along with relaxation areas featuring pool tables, chess, a piano, a bar and bookshelves. The chain, which caters exclusively to men and boys, also features car-themed barber chairs and dedicated play areas for its younger customers.

East West Barbershop (Dong Tay Barbershop) — The ultimate destination for men to relax and unwind
East West Barbershop (Dong Tay Barbershop) — The ultimate destination for men to relax and unwind

Its services extend well beyond a haircut, including hair washing, ear cleaning, massage, hair restoration treatments, perming, coloring, nail care, shoe cleaning and phone sanitization.

East West Barbershop (Dong Tay Barbershop) aims to change the way customers perceive a barbershop. Rather than simply purchasing a grooming service, customers can take time to relax, look after themselves or bring their children along to a space designed around the overall experience.

As consumers increasingly value the overall experience alongside service quality, this approach reflects the changing dynamics of the men’s grooming market.

The United States: East West Barbershop’s next major test

The United States is no random choice. It represents the next step in East West Barbershop (Dong Tay Barbershop)’s international strategy, building on a business model that has already been tested in Vietnam and several overseas markets.

Mr. Nguyen Hoai Thanh, Chairman of Dong Tay Barbershop Vietnam Joint Stock Company, said: “We chose the United States not because it is the easiest market to enter, but because it is one of the most demanding and competitive barbershop markets in the world. If a model built in Vietnam can succeed in the U.S., it would be the clearest testament to East West Barbershop’s ability to take its brand and business model to the international stage.”

The U.S. is home to many major barbershop and salon brands and is one of the world’s most mature markets for franchising in the service sector.

Great Clips is a prime example. With thousands of salons across the United States and Canada, the brand demonstrates the scale a haircut business can achieve when its model is standardized and successfully replicated.

Supercuts, Sport Clips and many other chains have likewise spent years building strong brand recognition and extensive customer networks.

Against this backdrop, the Vietnamese brand must answer a fundamental question: Why would American consumers choose a brand from Vietnam over names they already know and recognize?

East West Barbershop (Dong Tay Barbershop)’s answer is not simply to compete on price. Its goal is to “export” a business model that combines customer experience, workforce training, operating standards and franchising.

This requires the company to turn its operational experience into a transferable system while addressing the many differences between Vietnam and the United States.

East West Barbershop (Dong Tay Barbershop) identifies barber training, skills standardization and the ability to adapt to a new environment as key foundations of this process. International expansion also creates opportunities for Vietnamese barbers to gain exposure to international working environments.

East West Barbershop (Dong Tay Barbershop) has also linked its development with social initiatives, including free vocational training for young people, mobile haircut programs offering free services, and contributions to charitable activities. These efforts contribute to a distinctive brand story: a service business seeking to develop its brand, its profession and its community at the same time.

After nearly a decade of establishment and development, East West Barbershop (Dong Tay Barbershop) is gradually proving that a business model built in Vietnam can be standardized, franchised, and compete on the same playing field as the major players in the global hair industry.

If successful in the U.S., East West Barbershop (Dong Tay Barbershop)’s story will go beyond being a Top 10 brand or a network of more than 130 locations. It will be the story of how a Vietnamese service business transformed capabilities built at home into a model capable of reaching the global stage.

Hashtag: #EastWestBarbershop #Dongtaybarbershop

The issuer is solely responsible for the content of this announcement.

East West Barbershop Vietnam Joint Stock Company

Established: 2018

Country: Vietnam

Number of locations: 130+ across Vietnam, Thailand, China, Uzbekistan and Hungary

Head Office: 23rd Floor, Landmark 81, Ho Chi Minh City, Vietnam

Email:

Website: dongtaybarbershop.com

Hotline: +84 1900 4737

Mobile: +84 901 602 902

Gyan Pathak Jharkhand has just witnessed a multi group agitation of students, which ended on August 18 with an agreement reached between student leaders and the state government, and Devendra Nath Mahto ended his 16 days hunger strike. Jharkhand government, as per the agreement reached, notified cancellation of 22 recruitment examinations on August 19 and […]

The article Jharkhand may witness a more complicated students movement appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

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Nationwide #AreYourKidneysOK+? initiative expands access to subsidised blood screening, public education, and pharmacist support for 12,550 Malaysians.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 19 August 2026 – As chronic conditions such as diabetes, cardiovascular disease and chronic kidney disease continue to affect Malaysians, early detection is becoming increasingly important in reducing complications and improving long-term health outcomes.

(From left: Dr. Cheng Yong Fatt (Consultant Nephrologist of KPJ Seremban Specialist Hospital); Dr. Svetlana Yanchuk (Country President of AstraZeneca Malaysia); Ph. Hiew Fei Tsong (Co-founder of Alpro Group); Dr. Ng Ming Lee (Medical Director of Alpro Clinic); Ms Jenny Poon (Business Unit Director of CVRM/R&I of AstraZeneca Malaysia); Dr. Yong Lit Sin (Consultant Endocrinologist of Columbia Asia Hospital Seremban)
(From left: Dr. Cheng Yong Fatt (Consultant Nephrologist of KPJ Seremban Specialist Hospital); Dr. Svetlana Yanchuk (Country President of AstraZeneca Malaysia); Ph. Hiew Fei Tsong (Co-founder of Alpro Group); Dr. Ng Ming Lee (Medical Director of Alpro Clinic); Ms Jenny Poon (Business Unit Director of CVRM/R&I of AstraZeneca Malaysia); Dr. Yong Lit Sin (Consultant Endocrinologist of Columbia Asia Hospital Seremban)

These conditions are closely interconnected across the Cardio-Kidney-Metabolic spectrum, meaning that a problem affecting one area of health may also increase the risks to other parts of the body. However, many individuals may not recognise these risks until their condition has progressed or complications have developed.

One such complication is hyperkalemia, a condition characterised by elevated potassium levels in the blood. Hyperkalemia is more common among people living with chronic kidney disease because impaired kidneys may have lower ability to remove excess potassium from the body. As the condition may not always present noticeable warning signs, it remains under-recognised by the public and may lead to serious complications affecting the heart’s rhythm if not appropriately identified and managed.

Recognising the need to strengthen early detection and public awareness across the Cardio-Kidney-Metabolic (CKM) spectrum, Alpro Group, in collaboration with AstraZeneca Malaysia, announced the launch of #AreYourKidneysOK+?, a nationwide awareness campaign dedicated to encourage early detection, promoting kidney health, and raising awareness of hyperkalemia.

This nationwide initiative aims to empower Malaysians to better understand the connection between their heart, kidney and metabolic health, while bringing greater attention to hyperkalemia as an often-overlooked complication associated with chronic kidney disease.

At the heart of the campaign is a subsidised blood screening programme aimed at encouraging more Malaysians to take an earlier and more proactive approach to their health. Eligible individuals will receive subsidy on selected blood test packages, to reduce financial barriers in screening and to support the earlier identification of potential Cardio-Kidney-Metabolic and health risks.

The campaign aims to reach 12,550 individuals across Malaysia, a shared commitment by Alpro Group and AstraZeneca Malaysia to turn public health awareness into meaningful action.

Beyond providing financial support for screening, the campaign creates a more accessible pathway for Malaysians to learn about their potential health risks, undergo appropriate screening and speak to their healthcare professionals about the next steps they may need to undertake.

To extend the campaign’s reach beyond physical pharmacy locations, the initiative is supported by a dedicated digital health education platform containing trusted and easy-to-understand information about hyperkalemia, including its causes, risk factors, possible warning signs and relationship with chronic kidney disease.

The platform serves as a public health resource that Malaysians can access at any time, helping individuals and caregivers better understand hyperkalemia and prepare for more informed conversations with pharmacists, doctors and other healthcare professionals.

Through Alpro Group’s community healthcare network, members of the public will also have greater access to pharmacist support and guidance. Alpro pharmacists can help individuals better understand the importance of screening, recognise relevant risk factors and seek appropriate medical assessment or follow-up when necessary.

“Many chronic health risks develop quietly and may only be discovered after complications have occurred. Through this campaign, we want to make preventive healthcare more accessible by connecting public education, affordable screening and professional healthcare support. By targeting 12,550 Malaysians, we hope to encourage more people to take an earlier and more proactive step towards understanding their heart, kidney and metabolic health,” said Dr. Ng Ming Lee, Medical Director of Alpro Clinic.

“As chronic kidney disease remains a significant public health challenge in Malaysia, this collaboration reflects a shared commitment across the healthcare ecosystem to strengthen public awareness of kidney health and bring health education closer to the public. Through Alpro Group’s nationwide network, we aim to help more Malaysians learn about relevant risk factors and have informed conversations with healthcare professionals to support appropriate assessment and follow-up,” said Dr. Svetlana Yanchuk, Country President, AstraZeneca Malaysia.

Through this collaboration, Alpro Group and AstraZeneca Malaysia reaffirm their shared commitment to advancing preventive healthcare by combining greater public awareness, accessible screening and professional healthcare support.

The campaign also demonstrates the important role that community pharmacies can play in supporting wider public health efforts by providing Malaysians with convenient access to health education, early screening opportunities and trusted professional guidance within their communities.

Members of the public are encouraged to learn more about hyperkalemia by visiting www.alpropharmacy.com/pages/hyperkalemia or by speaking to an Alpro pharmacist.

References
1. KDIGO Controversies Conference. Potassium Homeostasis and Management of Dyskalemia in Kidney Diseases. Kidney International (2020). [kdigo.org]

2. National Kidney Foundation. High Potassium (Hyperkalemia): Causes, Symptoms, and Treatment (updated 2025).
Hashtag: #AlproPharmacy #AlproGroup #AreYourKidneysOK+?

The issuer is solely responsible for the content of this announcement.

About Alpro Group

Founded in 2002, Alpro Group’s ecosystem has grown to include Alpro Pharmacy, Apotek Alpro, Alpro スギ (Sugi) Pharmacy, Alpro Physio, Alpro Clinic, Alpro Baby, Alpro OptiSaver, Alpro Audiology, Alpro Health, and Alpro Foundation. Supported by a team of more than 1,000 healthcare professionals, including doctors, pharmacists, nutritionists, dietitians, physiotherapists, optometrist and many others, Alpro serves over 5 million families in Malaysia and Indonesia through its extensive network of 500 physical outlets.

Alpro Pharmacy is the first and only community pharmacy in the region to offer product liability insurance of MYR 1 million in Malaysia and IDR 3 billion in Indonesia, ensuring the supply of genuine medications and enhancing consumer trust.

With the vision of a healthy and vibrant world, Alpro Group aims to become the No. 1 prescription pharmacy chain in Southeast Asia.

About AstraZeneca

AstraZeneca is a global, science led biopharmaceutical company focused on the discovery, development, and commercialisation of innovative medicines that transform patient outcomes. Headquartered in Cambridge, United Kingdom, the company operates in more than 100 countries and plays a significant role in advancing modern healthcare through research driven innovation and strategic partnerships worldwide.

Guided by its purpose to push the boundaries of science to deliver life changing medicines, AstraZeneca prioritises long term investment in research and development. The company’s global strategy is built on deep scientific expertise, advanced technology platforms, and precision medicine approaches, including biologics, antibody drug conjugates, and data driven drug discovery. These capabilities enable AstraZeneca to address complex diseases and unmet medical needs with increasing accuracy and effectiveness.

As EV adoption develops across the Middle East, VinFast is working with local partners across distribution, charging and aftersales to strengthen the ownership experience.

DUBAI, UAE – Media OutReach Newswire – 18 August 2026 – The global EV market is entering a stage where selling the vehicle is only part of the challenge. As more electric vehicles reach new markets, automakers with international reach also need to build the infrastructure, service capabilities and customer support systems that can sustain ownership long after the initial sale.

Building a Global EV Footprint: How VinFast and Local Partners Power Middle East Expansion

This is particularly relevant in the Middle East, where EV adoption is gaining momentum and international brands are expanding their presence. For newer EV manufacturers, establishing a reliable ownership ecosystem requires more than simply importing vehicles. It also means working with local partners that understand the market, regulations and customer expectations.

Vietnam-based VinFast is among the companies taking this approach. As it enters the Middle East, the company is making substantial commitments to customers, including a 10-year/200,000-km vehicle warranty, a 10-year unlimited-kilometer battery warranty and five years or 100,000 km of free service for the all-electric mid-size VF 8. Supporting such commitments requires an aftersales infrastructure capable of serving customers throughout the ownership journey, which is why VinFast is taking a partnership-led approach to its expansion in the UAE, combining its EV business with established local expertise across distribution, service and charging.

VinFast signed an exclusive dealership agreement with Al Tayer Motors in 2024 for the distribution of VinFast EVs in the UAE. Established in 1982, Al Tayer Motors is one of the UAE’s leading automotive groups and represents major European and American automotive brands. It has a network of sales, service and parts centers, supported by 2,700 employees and digital platforms including e-commerce and a dedicated app. Al Tayer Motors also planned to establish a network of VinFast facilities across the UAE, extending the brand’s local service infrastructure.

VinFast has continued to strengthen that infrastructure through additional partnerships. In February 2026, VinFast Middle East signed a Memorandum of Understanding with PlusX Electric, a DEWA-approved EV charging and electric mobility solutions provider in the UAE.

The partnership focuses on charging accessibility and customer support, with the two companies exploring Portable EV Charging Pods, on-demand mobile charging and emergency charging as part of EV roadside assistance. They will also explore scalable charging and mobile-support solutions for commercial and fleet customers, as well as digital integration to streamline charging bookings and service updates.

The same partnership model extends to VinFast’s wider global aftersales strategy. At its 2026 Global Business Conference, the company signed MOUs with 29 aftersales partners across its international markets, including the Middle East. The partners are expected to establish EV service workshops that meet VinFast’s global standards, while VinFast aims to expand to more than 1,100 service workshops globally in 2026. The network will be supported by standardized technician training and certification, consistent operating procedures and quality controls, while its parts network targets delivery of common spare parts within 24 hours in key markets.

For EV brands entering the Middle East, the strength of the local support network can therefore become a competitive advantage. As VinFast’s UAE strategy shows, bringing an EV to market increasingly means building the capabilities around it that can make ownership dependable over the long term.

Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

Sydney Airport is facing intensifying scrutiny over air traffic control staffing after a cluster of runway and taxiway incidents exposed pressure on a system already struggling with delays, overtime and shortages of experienced controllers. Three safety events within two weeks have prompted investigations by the Australian Transport Safety Bureau and raised questions about whether staffing resilience at the country’s busiest airport is keeping pace with traffic demand. […]

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Google Cloud has set the end of 2027 as its first major deadline for protecting customer workloads and sensitive data flows against attacks enabled by future quantum computers, marking a significant step in its wider plan to make its cloud infrastructure post-quantum ready by 2029. The timetable places so-called “store now, decrypt later” attacks at the front of the company’s security migration. Under that threat model, attackers […]

By Vishnu Raja Leader of Opposition Rahul Gandhi has stepped up pressure on the government over allegations that Chinese troops have prevented Army patrols from reaching traditional points in Arunachal Pradesh, turning a localised border dispute into a fresh political confrontation over the handling of China. Gandhi said on Friday that the Army had been stopped from patrolling at several locations and described the development as “extremely […]

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 14 August 2026 – Cambodia officials and leaders of The Church of Jesus Christ of Latter-day Saints commemorated the completion of the Phnom Penh Cambodia Temple on Wednesday, 12 August 2026.

A diverse group of government and interfaith leaders pose for a photo in front of the Phnom Penn Cambodia Temple on Wednesday, Aug. 12, 2026, during the temple's open house celebration, including Elder Gerrit W. Gong of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints and His Excellency Minister of Cult and Religion Dr. Chay Borin (center).
A diverse group of government and interfaith leaders pose for a photo in front of the Phnom Penn Cambodia Temple on Wednesday, Aug. 12, 2026, during the temple’s open house celebration, including Elder Gerrit W. Gong of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints and His Excellency Minister of Cult and Religion Dr. Chay Borin (center).

Approximately 800 Cambodian leaders and Church members gathered Wednesday morning on the temple grounds, located at Russian Confederation Street Phnom Penh 12040 on a 1.3-hectare site.

Represented at the event were top leaders in government, diplomatic corps, religion, business, education, health care and the news media.

They heard speeches from Church leaders and His Excellency Minister Chay Borin of the Ministry of Cult and Religion, who represented His Excellency Prime Minister Hun Manet.

Leading the Church delegation was Elder Gerrit W. Gong, a member of the Quorum of the Twelve Apostles and senior leader from Church headquarters in Salt Lake City, Utah.

PublisherTMP410vqje98vv9e28ONHA.jpg

The commemoration will continue with public open house tours:

  • Saturdays, 15 & 22 August: 9:00 a.m.–7:00 p.m.
  • Monday–Friday, 17–21 August: 4:00 p.m.–8:00 p.m.
  • Sunday, 16 August: No tours available.
Tours are free with no reservation required. More information is available at:
https://www.churchofjesuschrist.org/featured/phnom-penh-cambodia-open-house?lang=khm.

In his speech, Minister Chay Borin said he was “honored and delighted” to represent Prime Minister Hun Manet at the event. He noted the “magnificent architecture and craftsmanship” of the Phnom Penh Temple and said it demonstrates the growth of religious faith in Cambodia. It is also a reflection of the peace, political stability and freedom of religious belief enjoyed by Cambodian citizens.

Elder Gong said, “For us, this temple is a holy and sacred place where heaven and earth come together in serenity and harmony. In the temple, we worship God and receive His blessings. We learn God’s plan of happiness and our divine identity and purpose. We promise and covenant to live good, moral, productive, faith-filled lives.”

Regarding the temple, Minister Borin told the large group of government and community leaders, “I firmly believe that this new holy place will become a place where love and peace are nurtured, a place where people can leave behind wrongdoing and sin, and a place that contributes to cultivating morality, virtue, and good conduct among all those who come here to worship.”

The temple is a “symbol of peace and of building strong and harmonious families for generations to come, consistent with one of the Church’s core teachings, which emphasizes strong and enduring families as an important foundation of society.”

Elder Gong said he and his wife love visiting Cambodia and have met with Church members and friends all across the country. Cambodia, he said, “is a miracle of modern development” while also preserving Khmer history and culture. “We are grateful for the privilege to worship freely in this beautiful country in meetinghouses and places of worship,” he said.

Elder Gong said Church members “believe we are all children of God, which makes us brothers and sisters. As such, we are grateful to work with the government of Cambodia to provide hundreds of humanitarian, education, and medical projects to benefit our Cambodian brothers and sisters regardless of religion.”

Elder Gong noted that Cambodia is a country that treasures temples. “Temples are also special to us,” he said. “We are grateful for the permitting and support we have received to build this temple in Phnom Penh.”

Sacred temple ceremonies bless God’s children, said Elder Gong, both those who are living and those who have passed on to the next life. “Temple ceremonies encourage our members – from the young to the elderly – to love and honor deceased family members. Parents, grandparents, and ancestors can be united with their families, happy and forever. Temple ceremonies bless families and individuals with peace, healing, forgiveness, and unity.”

PublisherTMPqvi8gccrlgprdbDikRu.jpg

Cambodian Church member Vichit Ith, who was instrumental in obtaining official government recognition of the Church in 1994 so it could begin operating, also spoke at the event.

“Today, our Church family in Cambodia has grown to over 20,000 members,” he said, “worshipping in chapels across the nation—each one a testament to the faith, devotion, and resilience of our Cambodian brothers and sisters.”

Brother Ith said the temple is “a monument to the enduring friendship and mutual respect between our Church and the Kingdom of Cambodia.”

In the temple, said Brother Ith, “members commit to follow God and, in turn, become more upright and reliable citizens. It is a place of eternal families – where marriages are sealed not ‘until death do us part,’ but for eternity, strengthening the social fabric of Cambodia one family at a time. It is also a place of divine knowledge – where members learn about God’s plan for humanity, giving them hope, purpose, and a desire to serve others.”

Following the public open house, the temple will be formally dedicated on Sunday, 30 August 2026. After the dedication, the temple grounds will remain open to visitors, but entry into the temple itself will be reserved for faithful members of the Church.

Hashtag: #PhnomPenhTemple #CambodiaTemple #TempleOpenHouse #ComeAndSee #StrongerFamilies #PeaceAndHarmony #Cambodia #PhnomPenh


The issuer is solely responsible for the content of this announcement.

DP World plans to invest about $3 billion during 2026 as the Dubai-based ports and logistics group expands capacity across the UAE, Britain, the Democratic Republic of Congo, India and Saudi Arabia while navigating disruption to Middle East trade routes. The investment programme will focus on port capacity, terminal development and logistics infrastructure. Major projects include Jebel Ali Port and EZ World in the UAE, London Gateway […]

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China Foreign Trade Industry Annual Mega-Event “XTransfer Summit 26” Concludes Successfully

SHENZHEN, CHINA – Media OutReach Newswire – 14 August 2026 – XTransfer, the World’s Leading B2B Cross-border Trade Payment Platform, successfully hosted China’s premier annual foreign trade event, XTransfer Summit 26, in Shenzhen. The summit gathered over 4,500 foreign trade enterprises, more than 50 top-tier banks and financial institutions, and numerous industry experts for in-depth discussions on global trade opportunities, business growth strategies, and digital intelligence in cross-border finance.

Bill Deng, Founder and CEO of XTransfer, speaks at the summit.
Bill Deng, Founder and CEO of XTransfer, speaks at the summit.

The summit explored how SME foreign traders can navigate global uncertainties. According to an XTransfer client survey, SME export performance remains optimistic this year. Despite geopolitical tensions and shipping disruptions, SMEs are reporting healthier payment collections and stronger bargaining power in international markets.

Serving Over 1 Million Enterprise Clients: Protecting Every Foreign Trader’s Global Dream with Fintech

Bill Deng, Founder and CEO of XTransfer, said, “SMEs are stabilisers of globalisation. Facing de-globalisation, geopolitical risks, and logistics volatility, they continue to show remarkable resilience. SMEs are more agile in adjusting market strategies while steadily improving pricing power and operational quality.”

Deng emphasised, “SMEs are the most capable force in global trade, and every foreign trader’s global dream deserves to be protected.” He added, “Through years of dedicated focus on SME cross-border payment pain points, XTransfer delivers secure, compliant, and efficient solutions to help more businesses go global. Since our founding, we have served over 1 million enterprise clients and continue to expand our local collection and settlement capabilities globally, optimising collection experiences and working capital efficiency.”

XTransfer’s pioneering Local Account service now covers nearly 60 countries and regions across Africa, Asia, Latin America, the Middle East, Europe, the Americas, Australia, and New Zealand, enabling buyers to pay sellers in local currencies and significantly boosting capital turnover.

AI and Global Risk Control Enhance Compliance Efficiency: TradePilot Drives Audit Automation

To address SMEs’ core needs for security, compliance, efficiency, and cost optimisation, XTransfer has ramped up fintech investments, scaling AI applications in risk control and business processes.

XTransfer has also built a unified global B2B cross-border trade settlement and risk management system to safeguard SME transactions. According to CIC, TradePilot is the world’s first and most advanced AI model for B2B cross-border trade payments. With 72 AI agents embedded in TradePilot’s review workflow, covering KYC onboarding, transaction authenticity verification, and ongoing AML monitoring, TradePilot delivers industry-leading performance in risk control accuracy and user experience.

Hashtag: #XTransfer #XTransferSummit #Crossborder #Payment #SMEs



The issuer is solely responsible for the content of this announcement.

XTransfer

XTransfer is the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 1,000,000 registered SMEs globally.

We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.

XTransfer has obtained required licenses in major hubs, including the Chinese Mainland, Hong Kong SAR, the United Kingdom, the United States, Singapore, the Netherlands, Australia and Canada.

For more information, please visit: https://www.xtransfer.com

SINGAPORE – Media OutReach Newswire – 13 August 2026 – Global fintech company PayerMax today announced that Last War: Survival Game (“Last War”), one of the world’s leading strategy mobile games, has successfully integrated the cashless payment service Rakuten Pay, marking a key milestone for the company.

1

As a leading overseas payment service provider (PSP), PayerMax has integrated Rakuten Pay to enable international merchants to adopt this payment method in Japan. This integration marks a significant milestone in the technical collaboration, successfully supporting merchants in leveraging Rakuten Pay for their local operations.

The milestone not only enhances the localized payment experience for Last War players in Japan, but also demonstrates how international game publishers can leverage trusted local payment partnerships to accelerate market entry, strengthen localization and better engage Japanese consumers.

Connecting with Japanese Players Starts with Local Payments

As more global game publishers expand into Japan, localized payment experiences have become an increasingly important part of player acquisition, monetization and long-term growth.

As one of the flagship payment services within the Rakuten Ecosystem, Rakuten Pay plays a central role in Japan’s digital commerce landscape. The Rakuten Ecosystem connects more than 100 million registered members across e-commerce, financial services, travel, mobile and offline retail, and Rakuten Pay has become one of Japan’s most widely adopted local payment methods.

For international game publishers, integrating Rakuten Pay is about more than offering another payment option. It provides access to one of Japan’s most established consumer ecosystems, allowing games to deliver payment experiences aligned with local player preferences while building stronger engagement in one of the world’s most competitive gaming markets.

Supporting Last War Highlights PayerMax’s Local Payment Expertise in Japan

As one of the fastest-growing strategy games worldwide, Last War continues to expand its global footprint, with Japan representing one of its key strategic markets. As expectations for localized payment experiences continue to rise, enabling familiar and trusted local payment methods has become an important part of enhancing player experience and supporting sustainable growth.

With support from PayerMax, Last War successfully integrated Rakuten Pay, becoming a leading overseas game to support the payment method and offering Japanese players a more localized and seamless payment experience.

Designed to support international businesses entering Japan, PayerMax provides a unified payment solution that bridges the gap between global merchants and the local ecosystem. By leveraging PayerMax’s integration with Rakuten Pay, PayerMax serves as a gateway for international businesses to establish a strong presence in the Japanese market.

Faster Market Entry

Through PayerMax’s system integration with Rakuten Payment, eligible merchants benefit from a standardized integration pathway that shortens implementation timelines and accelerates go-to-market execution in Japan.

Reliable Compliance and Fund Management Enablement

Leveraging the established business relationships between PayerMax and Rakuten Pay, merchants are empowered to integrate Rakuten Pay through a streamlined, standardized pathway which is aligned with Japan’s local regulatory and operational requirements, thereby delivering a payment experience that resonates with the everyday spending habits of Japanese players. Furthermore, within this collaborative framework, PayerMax and Rakuten Pay facilitate the unified orchestration of critical processes including KYC, anti‑money laundering (AML) and fund management, effectively alleviating the operational complexities and associated costs of local payment execution. This enables merchants to refocus their resources on sustainable business growth and enriched player engagement.

Access to Japan’s Consumer Ecosystem

Through PayerMax, businesses can better engage local consumers, strengthen brand presence and build sustainable long-term growth in Japan.

The successful integration for Last War not only demonstrates the commercial value of the partnership between PayerMax and Rakuten Payment, but also provides a proven reference for more global game publishers and digital content companies expanding into Japan.

Executive Quotes

Hiroki Sogawa, Executive Officer, Rakuten Payment, said:

“We are pleased to partner with PayerMax and to see Last War, a leading title, successfully integrate Rakuten Pay as a payment option. Through this collaboration, we look forward to supporting more international businesses and digital content providers in delivering trusted, localized payment experiences for Japanese consumers.”

Will, APAC General Manager of PayerMax, said:

“Integrating with Rakuten Pay marks an important milestone in PayerMax’s expansion of local payment capabilities in Japan. The successful launch of Last War reflects the strength of our partnership and demonstrates our ability to help global game publishers and international businesses localize faster through trusted local payment infrastructure. Looking ahead, we will continue working with leading local payment partners worldwide to deliver secure, compliant and scalable payment solutions for global merchants.”

Strengthening Local Payment Infrastructure for Global Growth

The partnership with Rakuten Payment represents another important milestone in PayerMax’s strategy to strengthen local payment infrastructure across key global markets and further expand its local payment capabilities in Japan.

Today, PayerMax supports businesses across more than 150 markets and offers access to over 600 payment methods worldwide, backed by an extensive network of local payment partners spanning Japan, Southeast Asia, the Middle East, Latin America and other high-growth regions.

Rather than simply aggregating payment methods, PayerMax focuses on connecting businesses with the local payment ecosystems that shape consumer behavior in each market. By combining enterprise-grade payment technology with trusted local partnerships, PayerMax enables international businesses to localize faster, operate more efficiently and achieve sustainable global growth.

Hashtag: #PayerMax #RakutenPay

The issuer is solely responsible for the content of this announcement.

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
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