Arabian Post Staff -Dubai Dubizzle Group has taken a strategic stake in Tern, a UAE rental rewards platform, in a move aimed at extending its property business beyond search listings into rent payments, loyalty benefits and landlord-facing digital services. The investment, made through Dubizzle Group Ventures, will place Tern inside Bayut and dubizzle on an exclusive basis, allowing tenants to pay rent by credit card while earning […]
Seven properties honoured across Asia-Pacific, including highly prestigious ‘Best of the Best’ recognition for Lanson Place Parliament Gardens, Melbourne
HONG KONG SAR – Media OutReach Newswire – 17 June 2026 – Lanson Place is proud to announce that seven of its hotels and serviced residences across Asia-Pacific have been recognised in the 2026 Tripadvisor Awards.
Leading this year’s achievements across the region is Lanson Place Parliament Gardens, Melbourne, which has received Tripadvisor’s highly coveted Best of the Best Award 2026, an accolade which places the property among the top one percent of hospitality listings worldwide.
This distinction represents Tripadvisor’s highest level of recognition and is only reserved for properties that consistently receive outstanding guest reviews and ratings over an extended period.
Six Lanson Place properties have also won a 2026 Travellers’ Choice Award, placing them among the top ten percent of listings globally. The awards are based on authentic traveller feedback and experiences that have been shared on Tripadvisor throughout the year.
2026 Tripadvisor Best of the Best Award
Lanson Place Parliament Gardens, Melbourne
2026 Tripadvisor Travellers’ Choice Award
Lanson Place Causeway Bay, Hong Kong
Lanson Place Waterfront Suites, Hong Kong
Lanson Place Bukit Ceylon, Kuala Lumpur
Lanson Place Winsland, Singapore
Lanson Place Mall of Asia, Manila
Two MacDonnell Road, Hong Kong
“To be recognised by Tripadvisor is especially meaningful because these awards are determined by the people who matter most, namely our guests,” said Michael Hobson, Chief Executive Officer of Lanson Place.
“Lanson Place Parliament Gardens, Melbourne receiving a Best of the Best Award, ranking in the top 1% globally, is a particularly rewarding achievement after its first full year of operation. These awards are testament to the passion and dedication demonstrated every single day by our teams across Asia Pacific. We are thrilled that travellers continue to choose Lanson Place and share such positive experiences of our personalised hospitality.”
A Melbourne Landmark
As Tripadvisor’s most prestigious accolade, the Best of the Best recognition for Lanson Place Parliament Gardens, Melbourne ensures that the hotel joins an elite group around the world which are recognised for delivering exceptional guest satisfaction and memorable stays.
Since opening in Melbourne’s historic Parliamentary Precinct as the city’s first five-star boutique hotel, it has distinguished itself through its beautifully designed residences, personalised service and ability to blend hotel comfort and convenience with the warmth of a private home.
Regional Recognition
The six Travellers’ Choice Award-winning properties also underline the strength and consistency of the Lanson Place portfolio across Asia Pacific.
In Hong Kong, both Lanson Place Causeway Bay and Lanson Place Waterfront Suites received recognition, while Two MacDonnell Road further reinforced the group’s strong reputation in its home market.
Across Southeast Asia, Lanson Place Bukit Ceylon in Kuala Lumpur, Lanson Place Winsland in Singapore, and Lanson Place Mall of Asia in Manila were similarly honoured, reflecting the brand’s ability to deliver exceptional hospitality experiences tailored to each destination.
Together, these awards highlight the consistency of the Lanson Place experience across its growing portfolio, where personalised service, thoughtfully designed living spaces, and genuine care remain at the heart of every guest stay.
Hashtag: #LansonPlace
The issuer is solely responsible for the content of this announcement.
About Lanson Place Hospitality Management Limited
Lanson Place is a wholly owned subsidiary of Wing Tai Properties Limited (Wing Tai), a publicly listed company in Hong Kong (HKEx stock code: 369). The transformative hospitality management company currently manages eight properties under the Lanson Place brand, comprising Personal Hotels and Residences in Hong Kong, Shenzhen, Shanghai, Singapore, Kuala Lumpur, Manila and Melbourne. Additionally, it manages Two MacDonnell Road in Hong Kong as well as Yiju Apartment in Shenzhen.
Lanson Place provides comfortable, personal sanctuaries for both short-term and extended-stay guests at central locations in major global cities. Infused by a family-like service tradition, Lanson Place creates warm and sheltered places with a club-style feel where communities form and bond. Guests can enjoy a true home-away-from-home experience.
The Group aims to grow the Lanson Place brand across the Asia-Pacific region and continues to explore both investment and management opportunities in major gateway cities.
Refreshed five-year Encompass roadmap highlights accelerated fleet decarbonisation and proactive talent integration as key competitive advantages
HONG KONG SAR – Media OutReach Newswire – 17 June 2026 – The Caravel Group, a diversified global conglomerate with core businesses in maritime services, commodity trading and investment management, today released its fifth annual Responsibility Report, Encompass. The report details the Group’s progress, key achievements and future targets in running a sustainable and resilient business, with a particular focus on its ship management subsidiary, Fleet Management Limited.
Guided by the four core pillars of the Encompass strategy—Navigating Responsibly, Evolving Environmental Stewardship, Safeguarding People and Working Together—the 2025 report demonstrates how the Group has successfully translated high-level ESG ambitions into measurable, accountable day-to-day operational practices across ship and shore.
Dr. Harry S. Banga, Founder & Executive Chairman of The Caravel Group, said: “Five years ago, we established Encompass as our guiding compass. This fifth annual report is a testament to how we have built a business trusted to perform responsibly, adapt with discipline and remain relevant in a volatile maritime industry. By formally embedding ESG metrics into performance reviews for all onshore employees and establishing strategic initiatives like our LNG bunkering joint venture, we have ensured that responsibility and performance are no longer separate conversations.”
The Group achieved a 42% reduction in managed ship GHG emission intensity from its 2008 baseline, significantly exceeding its established 2030 target of a 30% reduction.
Currently, 74% of the managed fleet is equipped with advanced Energy Saving Devices (ESDs), including high-performance hull paint, Propeller Boss Cap Fins (PBCFs) and variable speed motors, keeping the Group firmly on track to equip 100% of its fleet by 2030.
The Caravel Group entered a strategic joint venture with Celsius Shipping to co-own and operate a new fleet of high-specification LNG bunkering vessels, supporting the maritime sector’s wider transition towards cleaner fuels.
2. Navigating Responsibly & Digital Innovation
The Group continued the active pilot deployment of Captain’s Eye, an AI-powered maritime safety solution using onboard CCTV to detect smoke, leaks and safety hazards in real-time.
Upgrades to PARIS (integrated fleet management platform) and NOVA (data analytics) provided vessel owners with real-time financial, EU ETS and FuelEU Maritime compliance reporting, bolstering transparency and proactive risk management.
3. Safeguarding People & Safety Excellence
Port State Control (PSC) detentions across the fleet plummeted from 22 in 2023 to just 5 in 2025, driven by the Group’s increasingly rigorous safety protocols and strengthened reporting discipline.
The Group recorded an exceptional 91% wellbeing score in its annual employee survey, surpassing its 78% target set for 2028 ahead of schedule.
4. Working Together, Talent & Community Engagement
Following its landmark acquisition of the International Maritime Institute (IMI) in India, the Group integrated a highly reliable, Group-aligned talent channel, welcoming over 500 job-ready cadets to Fleet Management in 2025.
The Caravel Group recorded a 92% employee engagement score and a 93% Diversity, Equity and Inclusion (DEI) score.
In line with its pledge to commit at least 2% of average net profits over the previous three years to social causes, the Group contributed USD 1,529,993 to community partnerships, education initiatives and disaster relief programmes.
Mr. Angad Banga, Group Chief Executive Officer of The Caravel Group, added: “In today’s market, sustainability is no longer a future consideration—it is an active operating condition. Regulatory frameworks like FuelEU Maritime and EU ETS carry real economic consequences, and our clients look to us for the systems, judgment and commercial depth to navigate this landscape. By pairing digital tools with a robust talent pipeline through the IMI, we are building organisational capability before the moment it is needed, creating a lasting competitive advantage.”
The issuer is solely responsible for the content of this announcement.
About The Caravel Group Limited
The Caravel Group, headquartered in Hong Kong, is a privately held and globally diversified group with operations across maritime services, dry bulk commodity trading, institutional investment management, and philanthropy. Its maritime division includes Fleet Management Limited, one of the world’s largest third‑party ship managers, with more than 500 vessels under management, and strategic investments, including a major stake in Pacific Basin (HKEX: 2343). Caravel also owns the International Maritime Institute (IMI) in India, reinforcing its commitment to maritime talent development. Through Caravel Asset Management, the Group invests globally across public markets and private equity, while its philanthropic arm, The Caravel Foundation, supports the education and well-being of underprivileged youth across Hong Kong, China, and India.
Fleet Management Limited, part of The Caravel Group, is one of the world’s largest third‑party ship managers, with more than 500 vessels under management. This scale bears testament to the resilience and commitment of thousands of seafarers and onshore maritime professionals serving shipowners worldwide.
Fleet manages a range of vessels, including bulk carriers, containers, car carriers, oil tankers, gas carriers and chemical tankers from 600 to 320,000 DWT in size – with many being young and energy-efficient with an age profile below the industry average. The company also has a dynamic newbuilding supervision department.
The Centre has ordered a nationwide temporary block on Telegram until June 22, escalating its crackdown on online cheating rackets ahead of the NEET-UG 2026 re-examination scheduled for June 21.
The restriction, issued through the Ministry of Electronics and Information Technology under Section 69A of the Information Technology Act, 2000, follows complaints that groups on the messaging platform were being used to sell, advertise or fabricate claims about leaked question papers. A separate direction requires Telegram to disable, within the country, the editing of already published messages until June 30, a feature investigators say has been exploited to alter posts after publication and mislead candidates about when alleged leak material first appeared.
The National Testing Agency, which conducts NEET-UG, welcomed the move and said the intervention was intended to protect candidates from fraud, impersonation and misinformation before the retest. The agency has also opened an online reporting mechanism for claims linked to fake paper leaks, suspicious social-media groups and attempts to contact candidates with offers of access to the examination paper.
The June 21 test follows the cancellation of the May 3 NEET-UG examination, which affected more than 2.2 million medical aspirants. The original test was annulled after allegations of a question-paper leak and organised cheating led to widening investigations, student protests and criticism of examination governance. The re-examination has become a test of the authorities’ ability to restore confidence in a high-stakes admission system that determines access to medical colleges.
Officials involved in the crackdown have focused on Telegram because of its large channels, rapid forwarding systems and privacy-oriented architecture, which have made it attractive both to legitimate users and to networks selling purported exam material. Investigators have examined groups that allegedly claimed to possess NEET papers, sought payments from anxious candidates and used screenshots of edited posts to suggest advance access to confidential material.
The role of message editing has drawn particular scrutiny. Authorities say some posts were modified after circulation to create the impression that a question paper, answer key or inside information had been available before the examination. That method can fuel panic even where no genuine paper leak has occurred, because altered timestamps and viral screenshots are difficult for candidates and parents to verify quickly.
Cybercrime teams, including the Indian Cyber Crime Coordination Centre, Bihar Police and the Ahmedabad Cyber Cell, have been involved in action against suspected digital fraud networks. Gujarat cyber officials have also arrested two people accused of promising access to NEET papers, underlining that the threat extends beyond one platform and includes paid deception, impersonation and panic-driven extortion.
The government’s decision marks one of the most visible temporary app restrictions since the sweeping blocks imposed on Chinese-linked apps in 2020, though this order is narrower in duration and linked to an examination-security objective. Telecom operators are expected to comply with blocking directions, while app-store availability and platform-level functionality may vary as implementation proceeds.
Telegram has not issued a detailed public response to the order. The platform has faced scrutiny in several countries over alleged misuse by fraud groups, piracy networks and extremist channels, even as it remains widely used for education, business updates, news distribution and community communication.
Civil-liberties groups have criticised the measure as disproportionate, saying a temporary shutdown penalises ordinary users and small businesses that rely on Telegram while leaving deeper vulnerabilities in examination management unresolved. They have called for publication of the blocking order, the reasons cited by the authorities and details of why channel-specific enforcement was judged insufficient.
By Asad Mirza The framework peace agreement between the United States and Iran has reduced the immediate risk of a wider regional war. Yet the accord leaves unresolved the central issues that have fuelled four decades of confrontation, making its long-term survival far from assured. The announcement of a framework peace agreement between the United […]
The West Synchrony™ Prefillable Syringe (PFS) System offers strategic infrastructure to support Chinese biotech innovators to expand their global footprint in biologics and vaccines.
SHANGHAI, CHINA – Media OutReach Newswire – 16 June 2026 – West Pharmaceutical Services, Inc. (NYSE: WST), a long-standing partner to China’s pharmaceutical industry, today announced the availability of its West Synchrony™ prefillable syringe (PFS) system to drug developers at CPHI & PMEC China 2026, taking place June 16-18, 2026. This innovative platform uniquely integrates the syringe barrel, plunger, and needle shield/tip cap into a fully harmonized, verified system from a single supplier and emphasizes the company’s commitment to supporting the development of China’s biopharmaceutical sector in alignment with the country’s 15th Five-Year Plan. By strengthening the innovation ecosystem and accelerating development and time to market, the company supports China’s biopharmaceutical companies in achieving biotechnology breakthroughs and reaching global milestones.
West Pharmaceutical Services, Booth N5D18, CPHI & PMEC China 2026
Enabling China’s Next Phase of Global Biopharmaceutical Growth
China’s biopharmaceutical sector is entering a new phase of global relevance. Long recognized as a strategic pillar of the national economy, sustained policy support and investment over the past decade have helped build deep scientific capabilities and a rapidly maturing innovation ecosystem.
As more biopharmaceutical companies “Go Global”, many are establishing a growing international footprint, while others are accelerating their overseas ambitions. Emerging as core players on the global stage, Chinese companies accounted for nearly 50%1 of all new drug molecules entering human trials in the first half of 2025 alone.
At the same time, the growing complexity of biologics and vaccines is driving increased demand for advanced, high-quality drug delivery and packaging systems that can support product performance and safety from early development through commercialization. Competing globally also requires navigating stringent regulatory environments while ensuring reliable, scalable supply. Together, these factors make trusted partners with proven technical expertise and international regulatory experience critical for sustainable growth.
To support Chinese biopharmaceutical companies in their ambitions, West has now made the West Synchrony™ PFS system available in the country.
West Synchrony™ PFS System
This gives Chinese innovators the infrastructure needed to compete on quality, safety, and regulatory compliance across international markets, with greater confidence and efficiency.
“Chinese biopharmaceutical companies today have established themselves as serious global innovators, with significant opportunities to sustain momentum through high‑quality innovation,” said Maha Guruswamy, Vice President & Managing Director, Commercial, Asia Pacific. “The challenge is that a traditional, individual-component system introduces significant technical and regulatory complexities. West Synchrony addresses these by providing a fully verified and integrated containment and delivery system from a single source, allowing our partners to accelerate development and focus on delivering therapies to patients.”
Deepening A Long-Term Partnership with China’s Pharmaceutical Ecosystem
The introduction of the West Synchrony™ PFS system reflects the company’s decades-long commitment to supporting pharmaceutical innovation. This investment extends beyond product offerings to include technical expertise, regulatory support, and a single source of accountability that serve both domestic Chinese companies and multinational partners operating in China.
“As China’s biopharmaceutical companies continue to strengthen their capabilities and expand their presence globally, West is committed to partnering with them at every stage of their growth journey,” said Philip Wang, Senior Director, Commercial, China. “We aim to enable them to achieve their global ambitions, and the West Synchrony™ PFS system is one example from our portfolio of high‑quality, innovative solutions that provide customers with the same trusted infrastructure relied upon by leading multinational pharmaceutical companies worldwide.”
Join West at CPHI & PMEC China 2026
The West Synchrony™ PFS system will be showcased at CPHI & PMEC China 2026, where an expert from West will present on the role of integrated delivery systems in supporting China’s next phase of biopharmaceutical innovation and its global ambitions for expansion. Trade media and industry stakeholders interested in learning more about the technology and its application in biologics are invited to visit the West booth during the exhibition. The details of the presentation are as follows:
Presentation: “Stop Piecing It Together—Get an Integrated Verified Prefillable Syringe System from One Source”
Date & Time: June 17, 14:10-14:40
Location: Shanghai New International Expo Center
Speaker: Lynn Yao, Senior Manager, TCS, AP
The West Synchrony™ PFS System is now available to bio and pharmaceutical companies in China. Visit West at Booth N5D18 to learn more, or find out more information via the website here.
Forward-Looking Statements
Certain forward-looking statements are included in this press release. They use words and phrases such as “achieving biotechnology breakthroughs,” “reaching global milestones,” “accelerate development,” and other similar terminology. These statements include, but are not limited to, statements regarding the anticipated benefits of the West Synchrony™ prefillable syringe system in China, the expected growth of China’s bio-health and pharmaceutical industries, and West’s ability to support customers’ development and commercialization efforts. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this release.
Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in market conditions, regulatory requirements, global economic and geopolitical conditions, customer demand, supply chain constraints, competitive developments, technological changes, and other risks. These important factors are not all inclusive. For a description of certain additional factors that could cause West’s future results to differ from those expressed in any such forward-looking statements, see Item 1A, entitled “Risk Factors,” in West’s Annual Report on Form 10-K for the year that ended on December 31, 2025. Except as required by law or regulation, West undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.
The issuer is solely responsible for the content of this announcement.
About West Pharmaceutical Services, Inc.
West Pharmaceutical Services, Inc. is a leading provider of innovative, high-quality injectable solutions and services. As a trusted partner to established and emerging drug developers, West helps ensure the safe, effective containment and delivery of life-saving and life-enhancing medicines for patients. With over 10,000 team members across 50 sites including 26 manufacturing facilities worldwide, West helps support its customers by delivering over 41 billion components and devices each year.
Headquartered in Exton, Pennsylvania, USA, West in its fiscal year 2025 generated USD 3.07 billion in net sales. West is traded on the New York Stock Exchange (NYSE: WST) and is included on the Standard & Poor’s 500 index. For more information, visit www.westpharma.com.
All trademarks and registered trademarks used in this release are the property of West Pharmaceutical Services, Inc. or its subsidiaries in the United States and other jurisdictions, unless otherwise noted.
President Lee Jae Myung has invited Pope Leo XIV to visit South Korea next year for World Youth Day in Seoul, using his first Vatican audience as president to seek support for efforts to lower tensions with North Korea and revive dialogue on the Korean Peninsula.
Lee met the Pope at the Apostolic Palace on Monday during the Vatican leg of a wider European tour, accompanied by first lady Kim Hea Kyung. The meeting placed religion and diplomacy at the centre of Seoul’s outreach strategy, as the Lee administration looks for channels beyond formal security talks to keep a peace agenda alive despite Pyongyang’s weapons programme.
The invitation was tied to World Youth Day 2027, the Catholic Church’s largest youth gathering, which Seoul will host from August 3 to 8. The event is expected to bring large numbers of young Catholics and other visitors to the capital, giving South Korea a global platform and offering Pope Leo his first major Asian pastoral journey if he accepts.
Lee and Pope Leo agreed to cooperate on the successful staging of the event, while the South Korean leader briefed the pontiff on his government’s approach to peace-building. Seoul wants the Vatican to sustain moral and diplomatic attention on the peninsula at a time when inter-Korean contact remains frozen and North Korea has shown little interest in official exchanges.
The meeting also touched on the possibility of a papal visit to North Korea, a move that would be unprecedented and politically sensitive. No pope has visited Pyongyang, and any such trip would require a formal invitation and guarantees from the North Korean authorities. The late Pope Francis had repeatedly signalled willingness to go if invited, but the plan never progressed beyond exploratory diplomacy.
Lee’s Vatican stop followed a peace Mass at the Basilica of Saint Paul Outside the Walls in Rome, celebrated by South Korea-born Cardinal Lazzaro You Heung-sik. Lee told the congregation that the “ember of hope” for dialogue and cooperation with North Korea remained alive, recalling the June 15, 2000 inter-Korean declaration that opened the way for family reunions, exchanges and humanitarian cooperation before relations deteriorated again.
The president has sought to present his North Korea policy as a shift from confrontation towards risk reduction. His administration has suspended propaganda loudspeaker broadcasts across the border and has said it does not seek unification by absorption or ideological competition. Officials frame those steps as confidence-building measures aimed at preventing accidental clashes and rebuilding basic military trust.
Pyongyang has not responded positively. North Korea has continued to define relations with Seoul as those between hostile states and has maintained its commitment to nuclear weapons and missile development. That position limits the scope for diplomacy and makes any papal role dependent on choices by Kim Jong Un’s government rather than on Vatican willingness alone.
After meeting Pope Leo, Lee held separate talks with Cardinal Secretary of State Pietro Parolin and Archbishop Paul Richard Gallagher, the Holy See’s senior diplomat for relations with states and international organisations. Those discussions covered bilateral ties, World Youth Day, regional affairs and the contribution of the local Catholic Church to education, welfare and democratic development.
The Vatican and the Republic of Korea established diplomatic relations in 1963. Pope John Paul II visited the country in 1984 and 1989, while Pope Francis travelled there in 2014 for Asian Youth Day. The 2027 event will return the papacy to a society where Catholics are a minority but hold a visible role in civic life and social services.
South Korea’s Catholic population surpassed 6 million at the end of 2025, representing about 11.4 per cent of the population. The Church has grown steadily over the past two decades, though it faces the same demographic pressures as the wider country, including ageing congregations and fewer vocations. World Youth Day is therefore being treated as both a diplomatic opportunity and a test of the Church’s appeal to younger generations.
Dubai is preparing to award strategic contracts worth more than Dh55 billion for the expansion of Al Maktoum International Airport, marking a decisive step in turning Dubai World Central into the emirate’s main aviation gateway. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, said work on the airport expansion was progressing in line with the […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 June 2026 – Malaysia’s wellness market is moving beyond traditional competition over ingredients, dosage, and pricing toward product-format experience, sustained use, and differentiated innovation. The Global Wellness Consumer & Product Trends Forum 2026 will hold a forum on June 23, 2026, in Kuala Lumpur. Under the theme “Defining the Next Generation of Health Industry,” the event will bring together Malaysian trade associations, leading distribution channels, and Taiwanese R&D teams to jointly explore market opportunities.
As a core component, James Pereira, general manager of MADSA, will share insights on Malaysian health industry regulations. Adrian Toh, CEO & Executive Director of R Pharmacy, will provide frontline retail channel observations regarding shifting consumer demands. Alex Liao, General Manager of Welbloom Bio-Tech, will represent Taiwan to share how format innovation effectively responds to brand differentiation, consumption experiences, and market compliance needs.
Faced with brands’ attention toward differentiated experiences, Welbloom Bio-Tech will showcase its proprietary, Halal-certified FRESH-Jelly® technology on-site, demonstrating the innovative application to make supplements more food-like. Through ingredient payload capacities, zero- or low-sugar designs, and customized flavor development, FRESH-Jelly® allows supplements to maintain functionality while becoming more enjoyable to consume regularly, providing Malaysian brands with a distinctive option beyond capsules and tablets.
With the rapid rise of Malaysia’s wellness consumer market, its mature distribution channels and exceptional potential for regional expansion are accelerating the country’s growth as a critical hub for the Southeast Asian health industry. Welbloom Bio-Tech states that this forum is a bridging platform connecting Taiwan’s manufacturing capabilities with Malaysian market insights, aiming to unlock commercially viable partnerships for both regions.
The event is organized by The PAGE, co-organized by Welbloom Bio-Tech and SEAbizs, and supported by NTBSA, MATRADE, R Pharmacy, and MADSA.
【Event Information】 Time: June 23, 2026, 09:30 – 14:00 Venue: The Zenith – Connexion Conference & Event Centre, Kuala Lumpur
Hashtag: #WelbloomBioTech
The issuer is solely responsible for the content of this announcement.
About Welbloom Bio-Tech
Welbloom Bio-Tech focuses on health supplement R&D, manufacturing, and dosage form innovation. Through forward-looking market foresight and robust R&D technologies, it provides one-stop services from formulation design and flavor development to manufacturing, assisting clients in Malaysia and Singapore to build highly competitive health supplements.
Rise vGPU + ModelHub Power China’s AI into the Heterogeneous Orchestration Era
HONG KONG SAR – Media OutReach Newswire – 15 June 2026 – Frost & Sullivan, a globally renowned growth consulting firm, has released its “2026 AI Infrastructure Orchestration Platform White Paper”. The report recognizes Phancy Group’s Rise vGPU as a Tier 1 Leading Platform, the highest maturity tier in heterogeneous GPU orchestration. Phancy’s ModelHub also achieved the highest Overall Score in the enterprise-grade model management platform evaluation. This marks a significant endorsement of Phancy’s technological capability in heterogeneous AI infrastructure.
According to the white paper, as large model applications scale rapidly, China’s AI industry is facing structural challenges stemming from multi-chip coexistence. These include hardware heterogeneity, fragmented software stacks, persistently low GPU utilization (generally below 30%), and rising model adaptation complexity — all of which have become major bottlenecks for enterprise-scale AI deployment.
The report highlights a fundamental shift in AI infrastructure competitiveness – moving away from “single-chip performance” toward “cluster-scale system coordination.” At this critical juncture, Phancy has positioned itself as a leader in advanced orchestration through its full-stack AI infrastructure platform, offering a proven solution to heterogeneous compute challenges and helping drive China’s AI industry from “compute accumulation” into a new era of “compute orchestration.”
Phancy Rise vGPU: Tier 1 Leading Platform
In its assessment of mainstream AI infrastructure platforms, Frost & Sullivan defined Tier 1 criteria across three core dimensions: heterogeneous support, fine-grained control, and production-grade execution. Phancy Rise vGPU meets all three standards and has been recognized as a Tier 1 Leading Platform.
Rise vGPU transforms AI infrastructure from fragmented, low-efficiency device-level management to a unified software-defined control plane. Its key technology breakthroughs include:
Comprehensive Heterogeneous Management: Unified onboarding and management across more than 10 mainstream GPU/NPU vendors, including NVIDIA, Ascend, Cambricon, Hygon, and others.
Significant Utilization Improvement: Through safe oversubscription and time/space multiplexing, GPU utilization is increased from industry averages below 30% to 70%-90%.
Intelligent Precision Scheduling: Multi-dimensional scheduling algorithms based on priority, topology, load, and resource awareness to achieve optimal compute allocation.
Production-Grade SLA Assurance: The Deterministic Execution Layer delivers committed and auditable SLA guarantees for critical inference workloads.
Full Lifecycle Operability: Comprehensive monitoring, metering, and cost allocation capabilities that turn GPU resources into truly operable digital assets.
Model Hub: Highest Overall Score in Model Management Platform Evaluation
Beyond compute orchestration, the report underscores the strategic importance of enterprise-grade model management platforms. As a powerful complement to Rise vGPU, Phancy ModelHub enables enterprises to build a complete full-stack AI infrastructure — from compute to models and from resource scheduling to business delivery.
The white paper notes that Phancy ModelHub delivers leading performance in key areas such as Model & Chip Compatibility, Execution Stability & Performance, and Model-GPU Coordination & Scheduling, achieving the highest Overall Score. Through its unified model management and execution platform, ModelHub creates a seamless closed-loop process covering model onboarding, deployment optimization, inference services, and version governance — significantly lowering the barrier to model deployment and accelerating AI innovation.
Dr. Dai Wenyuan, Founder & CEO of Phancy, said: “The Frost & Sullivan white paper accurately captures the inflection point in AI infrastructure development. The recognition of Rise vGPU as a Tier 1 Leading Platform and ModelHub’s top Overall Score provide important authoritative validation of Phancy’s technology strategy and product strength. As a full-stack AI cloud service platform, Phancy believes the next wave of competitiveness in the AI industry will come from systematic improvements in compute orchestration efficiency. We will continue to focus on heterogeneous compute unified scheduling and model ecosystem operations, working closely with customers and industry partners to advance China’s AI industry from ‘compute accumulation’ to a true ‘compute orchestration’ era.”
Hashtag: #PhancyGroup
The issuer is solely responsible for the content of this announcement.
About Phancy Group
Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include Rise vGPU, ModelHub and SageAIOS, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”
Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.
SHANGHAI, CHINA – Media OutReach Newswire – 15 June 2026 – ACE ROBOTICS today announced that its open-source Kairos world model has achieved leading results across four global embodied-intelligence benchmarks: RoboTwin 2.0, LIBERO-Plus, WorldModelBench Robot and DreamGen. Kairos ranked first among evaluated world models and vision-language-action (VLA) systems on these benchmarks’ public leaderboards as of 12 June 2026, leading across the core capabilities of embodied intelligence, including complex robotic manipulation, scene-level generalization, physical-world modeling and zero-shot transfer. The project is openly available on GitHub, Hugging Face and ModelScope, giving researchers and developers a public reference point for the model, benchmark results and technical materials.
Tops Four Leading Benchmarks in World Generation & Prediction
Embodied intelligence faces a fundamental challenge: generalization. A robot must operate reliably in environments it has never seen, adapting to new lighting, layouts, objects, embodiments and noisy real-world conditions. While VLA models have become a prevailing approach by directly mapping perception and language inputs to robot actions, ACE ROBOTICS believes world models offer a more scalable path by explicitly learning the underlying dynamics of the physical world and predicting how environments evolve. Kairos is designed to validate that approach.
Leading scene-level generalization on LIBERO-Plus
One of Kairos’ most significant results comes from LIBERO-Plus, a scene-level generalization benchmark proposed by the Shanghai Innovation Institute with Fudan University, Tongji University and the National University of Singapore. It evaluates robustness under seven real-world variables: camera angle, robot embodiment, language instruction, lighting, background, sensor noise and spatial layout.
Kairos achieved an overall score of 89.0, ranking first among all evaluated world models and VLA systems. It surpassed leading VLA models including ACoT-VLA (88.0), Pi 0.5 (85.7) and ProGAL-VLA (85.5), as well as the Being-H0.7 world model (84.8). It also showed strong environmental robustness, with near-ceiling performance on lighting (97.7), noise (96.8) and background (95.8), and ranked highly on camera angle and language instruction.
According to ACE ROBOTICS, this marks the first time a world-model approach has outperformed leading VLA systems on LIBERO-Plus for scene-level generalization, pointing to a path where robots adapt to homes, factories, retail spaces and other environments with far less environment-specific retraining.
A compact model with strong physical modeling efficiency
On WorldModelBench Robot, a physical-modeling benchmark proposed by researchers from UC Berkeley, UC San Diego, NVIDIA and MIT, Kairos-4B achieved an overall score of 9.30, ranking first on the benchmark. With only 4 billion parameters, it outperformed larger systems including 28-billion-parameter Lingbot, 16-billion-parameter Cosmos 3, 14-billion-parameter Abot-PhysWorld and 5-billion-parameter Wan 2.2, setting a new record for parameter efficiency in embodied world models.
Kairos matched the top instruction-following score (2.36) of the 16-billion-parameter Cosmos 3 with about one quarter of the parameters, a fourfold efficiency gain. It scored 4.96 on physics adherence, with perfect marks on Newtonian mechanics and gravity, and a perfect score on temporal quality, reflecting strong temporal consistency and visual continuity over long horizons.
A unified architecture, not a modular pipeline
ACE ROBOTICS attributes Kairos’ performance to its native unified “multi-modal understanding-generation-prediction” architecture. Unlike modular approaches that stitch together separate components for world understanding, generation and prediction, Kairos integrates these within a single backbone that shares one global world state, reducing the information loss and coordination latency between modules for more consistent physical modeling, stronger long-horizon prediction and more reliable action planning.
ACE ROBOTICS first introduced this architecture in December 2025, and the broader industry is now converging on a similar path: NVIDIA’s Cosmos 3.0, introduced in 2026, adopts a comparable single-system design that brings vision reasoning, world generation and action prediction into one architecture. Built on this foundation, Kairos-4B is, in ACE ROBOTICS’ description, the first embodied world model able to drive a physical robot directly on-device, closing the perception-to-action loop without intermediate translation latency.
Leading on synthetic data transfer and complex robot manipulation
Kairos also ranked first on DreamGen Bench, a benchmark led by NVIDIA with the University of Washington, UC Berkeley and UCLA that measures how well synthetic data generated by world models transfers to unseen objects, behaviors and environments, a key predictor of downstream robot-training value. Kairos ranked first on both average physics adherence (AVG_PA 0.538) and overall average score (AVG_Score 0.618), and led globally on new-behavior execution and new-environment adaptation.
On RoboTwin 2.0, a demanding dual-arm manipulation benchmark proposed by Shanghai Jiao Tong University and the University of Hong Kong with Shanghai AI Laboratory, Kairos scored 96.1% — a state-of-the-art result on the benchmark’s public leaderboard as of 12 June 2026. Across the benchmark’s 50 complex two-arm tasks it scored 96.9% in clean scenarios and 95.2% in randomized scenarios, ahead of VLA models such as G0.5 (93.2) and starVLA (88.3) and world models including AIM (93.1), Fast-WAM (91.8) and MotuBrain (96.0).
From benchmark leadership to commercial deployment
Together, these results validate Kairos’ technical direction across the core dimensions of embodied intelligence, from physical-rule understanding and zero-shot generalization to environmental robustness and fine-grained dual-arm manipulation, supporting ACE ROBOTICS’ aim to move robots beyond task imitation toward physical-world understanding, long-horizon reasoning and real-world execution.
The results come as ACE ROBOTICS accelerates commercialization. The company says it has raised several hundred million U.S. dollars across financing rounds in the first half of 2026, including a recent Angel+ round backed by investors such as Geely Capital, Dachen Caizhi, Shenzhen Capital Group and the Shanghai Sci-Tech Innovation Fund, with existing shareholder SenseTime’s Guoxiang Capital increasing its stake. The proceeds will support continued world-model research and integrated hardware-software solutions for sectors including smart retail, security and inspection, tourism and hospitality.
“Embodied intelligence is the next era of AI, and a world model is the key to unlocking it,” said Wang Xiaogang, Chairman of ACE ROBOTICS. “Our mission is to give every robot a capable brain.”
The issuer is solely responsible for the content of this announcement.
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.
Nintendo has reintroduced purchase checks for the multi-language version of the Switch 2 in Japan after detecting orders suspected of bulk buying, adding a fresh layer of control to one of the year’s most sought-after gaming devices. The Kyoto-based company temporarily halted sales of the Nintendo Switch 2 Multi-Language System on its official Nintendo Store and said future purchases would be limited to accounts showing at least […]
The Linux Foundation has launched OpenSharing, a vendor-neutral protocol aimed at standardising how companies exchange AI agents, models and data across platforms, marking a fresh attempt to curb fragmentation as enterprises move from pilot projects to production-scale agentic AI. The project, contributed by Databricks and now hosted under Linux Foundation governance, extends the Delta Sharing protocol beyond structured data into AI-era assets such as agent skills, machine-learning […]
Phishing is entering a leaner but more dangerous phase, as attackers use artificial intelligence, encrypted delivery and session hijacking kits to turn fewer attempts into higher-value intrusions. Zscaler’s ThreatLabz 2026 Phishing and Initial Access Report says overall phishing volume fell by about 20% year on year for a second consecutive year, but the decline masks a shift towards campaigns built for speed, credibility and credential theft. The […]
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New Delhi has moved into crisis-management mode as the war in Iran raises fuel costs, strains the rupee and forces the Centre to balance energy security against its deficit-reduction pledge.
The latest response includes curbs on bulk diesel purchases at retail outlets, a willingness to let the fiscal deficit widen beyond the Budget target, and measures to pull in overseas capital as policymakers try to contain pressure on inflation, subsidies and the balance of payments. The measures mark a sharp shift from the calmer macroeconomic backdrop at the start of the financial year, when lower inflation and steady growth had given authorities room to focus on consolidation.
Retail fuel outlets run by public sector oil marketing companies have been told to cap high-speed diesel sales at 200 litres per customer or vehicle per day. The restriction, planned for up to 90 days, is aimed at preventing hoarding and stopping commercial users from shifting large purchases to retail pumps, where prices are lower than bulk supply rates. Diesel bought from retail outlets cannot be resold, and dealers have been asked to ensure that sales go directly into vehicle tanks or approved containers.
The decision followed a surge in purchases from retail pumps after the conflict in West Asia widened the gap between retail and bulk diesel prices. Trucking firms, contractors and other commercial users have sought cheaper supplies, adding pressure on state-run fuel retailers that already carry most of the retail burden. Diesel accounts for a large share of transport and farm fuel demand, making any disruption politically sensitive as the kharif sowing season approaches.
The fiscal impact is becoming harder to ignore. The Budget had set the fiscal deficit target for 2026-27 at 4.3% of gross domestic product, after 4.4% in the revised estimate for 2025-26. Officials are now prepared to tolerate a higher deficit, potentially around 4.8% of GDP, if subsidy costs and energy-related spending rise further. Fertiliser subsidies are also expected to climb as global input costs move up, while fuel-related tax and pricing decisions could reduce revenue flexibility.
Spending cuts across ministries are being examined, though the Centre is likely to avoid sharp reductions in capital expenditure unless market conditions deteriorate further. Infrastructure spending has been one of the main pillars of growth in the past few years, and cutting it too deeply would risk weakening private investment at a time when companies are already facing higher transport and raw material costs.
The rupee has become the other pressure point. It strengthened on Friday after Brent crude fell below $90 a barrel on hopes of a diplomatic breakthrough, but the currency remains vulnerable to oil spikes because India depends heavily on imported crude. The Reserve Bank of India has introduced measures to attract dollar inflows, including support for foreign currency deposits and lower-cost hedging routes for overseas borrowing by state-run companies. Large lenders are preparing dollar bond issues, and banks expect a stronger push to tap non-resident deposits over the coming months.
Inflation has also started to reflect the shock. Retail inflation rose to 3.93% in May from 3.48% in April, with food and fuel costs moving higher. The reading remains close to the central bank’s 4% target, but the risk is that higher diesel prices feed into freight, farm operations and food distribution. Any weak monsoon spell linked to El Niño conditions would add another layer of pressure.
Researchers reviewing federally backed evidence on alcohol and health have recommended that adults consume no more than one alcoholic drink a day, after finding no net health benefit from even low levels of regular drinking. The findings sharpen a long-running public health debate over whether moderate drinking can be considered safe or beneficial. The work, commissioned to inform the 2025-2030 US dietary advice, found that one drink […]
Somali football supporters have reacted with fury after World Cup referee Omar Abdulkadir Artan was denied entry to the United States despite holding a valid visa, turning what had been celebrated as a landmark moment for Somali sport into a wider dispute over immigration policy and football’s global reach. Artan, regarded as one of Africa’s leading match officials, had been due to take part in the 2026 […]
Autonomous email agents are emerging as a fresh enterprise security risk after a laboratory test showed an OpenClaw-based assistant forwarding cloud credentials and business records in response to ordinary phishing-style messages. The controlled exercise centred on an AI agent named Pinchy, configured on the OpenClaw platform to monitor a Gmail inbox, process messages and perform tasks through connected workplace tools. The test environment used synthetic corporate material, […]
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16-18 June 2026, at Sands Expo & Convention Centre, Marina Bay Sands, Singapore
TOKYO, JAPAN – Media OutReach Newswire – 10 June 2026 – Tenchijin Inc., a space-tech innovator transforming sustainable water infrastructure management, is pleased to announce its participation in Singapore International Water Week 2026 (SIWW), one of the world’s premier platforms to share and co-create innovative water, coastal, and flood solutions to meet urban water and associated climate challenges.
Organized by Singapore International Water Week Pte Ltd, a subsidiary of PUB, Singapore’s National Water Agency, SIWW is Asia’s premier global platform for co-creating innovative water solutions. Held biennially, the event is expected to gather over 2,500 global leaders, experts, and practitioners from governments, utilities, academia, and industry to share best practices, showcase the latest technologies, and harness business opportunities.
As a cornerstone of the event, the SIWW2026 Water Expo serves as the pre-eminent marketplace for urban water technologies, innovations, and solutions tailored for municipal and industrial water users across Southeast Asia. Organized by Messe München in cooperation with IFAT, the Expo connects the full water value chain—from advanced treatment, reuse, and desalination to digital solutions and climate-resilient coastal protection. Taking place from 16–18 June 2026 at the Sands Expo & Convention Centre, Marina Bay Sands, Singapore, the Expo is expected to welcome over 24,000 trade visits, making it Asia’s leading business platform for sustainable water management.
Tenchijin will showcase “KnoWaterleak,” our water leakage assessment and management platform, at the exhibition booth. Additionally, Yohei Nishiyama, VP of Business Development, will speak as a guest panelist in the Technology Forum, sharing insights on sustainable water management solutions driven by AI and space technology.
Event Overview ■ Organizer: SIWW: Singapore International Water Week Pte Ltd/Water Expo: Messe München ■ Date: SIWW: 15–18 June 2026 / Water Expo: 16–18 June 2026 ■ Venue: Sands Expo & Convention Centre Marina Bay Sands, Singapore ■ Event URL: https://www.siww.com.sg/
Tenchijin-SIWW Water Expo ■ Date: Water Expo: 16–18 June 2026
[Exhibition Booth] ■ Booth Number: B2-N08PIC
[Panel Discussion] ■ Tenchijin’s Panelist: Yohei Nishiyama, VP of Business Development ■ Date: 16 June, 1:00pm – 2:00pm (Technology Forum) ■ Venue: Hall E, Level B2 ■ Discussion Theme: “Reactive to Predictive: AI Applications in Managing Aging Water Infrastructure”
With much of the world’s water infrastructure aging rapidly, the cost of reactive management is no longer sustainable. This panel examines real-world AI applications—from predictive leak detection to asset performance modeling—that help utilities anticipate failures, prioritize investments, and transition toward proactive, data-driven operations that improve efficiency and long-term infrastructure resilience.
Panelists: ・Shanmugavel Subramaniam, Water and Wastewater Segment Leader, Schneider Electric ・Yohei Nishiyama, VP of Business Development, Tenchijin Inc.
The issuer is solely responsible for the content of this announcement.
Tenchijin Inc.
About Tenchijin KnoWaterleak KnoWaterleak is an innovative platform that harnesses satellite data and AI to predict and prevent water infrastructure risks. The system analyzes space-derived data to identify potential leaks within 100-meter square zones, providing unprecedented insights through a 5-level risk evaluation system.
Through continuous AI learning and data collection, the platform demonstrates efficiency in sustainable water management. This technology has earned recognition from Japan’s Ministry of Health, Labour and Welfare at the 7th Infrastructure Maintenance Grand Prize.
About Tenchijin Inc. Tenchijin Inc. is a space-tech innovator leveraging satellite data and AI to detect hidden water infrastructure risks, predict potential leaks, and drive more sustainable, efficient water management through space-derived insights. Our flagship product, KnoWaterleak, combines satellite technology with advanced AI algorithms to proactively identify and prevent costly infrastructure failures, enabling organizations to manage their water systems more sustainably.
Company Overview:
Company Name: Tenchijin Inc.
Address: 5F, Nihonbashi 1-chome Mitsui Building, 1-4-1 Nihonbashi, Chuo-ku, Tokyo, Japan
Representative: Yasuhito Sakuraba, CEO
Business Content: Land evaluation consulting using satellite data
Website: https://knowaterleak.space/
For inquiries regarding the expansion of Tenchijin COMPASS KnoWaterleak globally: Asia Business Development Representative: [email protected]
SINGAPORE – Media OutReach Newswire – 9 June 2026 – Credit Bureau (Singapore) Pte Ltd (CBS) and Experian Information Services (Malaysia) Sdn. Bhd. (Experian Malaysia) have signed a Memorandum of Understanding (MOU) to develop a two-way cross-border credit reporting service between Singapore and Malaysia.
From left to right: Ms. Dawn Lai, Chief Executive Officer of Experian Information Services Malaysia and Mr. William Lim, Executive Director of Credit Bureau Singapore
The MOU establishes a framework for collaboration to facilitate consented cross-border credit report applications for individuals with financial footprints in either country. The initiative aims to enhance financial inclusion, strengthen credit risk assessment, and support the growing economic integration between the two neighbouring markets.
Singapore and Malaysia share one of ASEAN’s most dynamic economic relationships, with bilateral trade regularly exceeding SGD 100 billion annually. Both countries maintain deep labour, education and business linkages, supported by strong digital infrastructure and rapidly growing digital financial services ecosystems.
The collaboration is strategically aligned with the Johor-Singapore Special Economic Zone (JS-SEZ), which places strong emphasis on digital industries, data-driven enterprises and technology-enabled services. As the digital economy accelerates cross-border business models, including fintech, e-commerce, digital banking and platform-based SMEs, trusted cross-border credit infrastructure will be critical to enabling secure digital onboarding, responsible lending and seamless access to capital across both markets.
Under the MOU, CBS and Experian Malaysia intend to collaborate on a cross-border initiative that enables the structured and secure exchange of individual credit information between the two markets.
The proposed framework will define:
The operational roles of the “Source Bureau” and “Processing Bureau” in generating and facilitating cross-border credit data applications
Secure mechanisms for obtaining and managing consumer consent for a one-time release of the credit report
Personal data protection and compliance safeguards in accordance with applicable laws
Commercial and governance models to support sustainable implementation
For consumers, the initiative is expected to improve access to financial products by enabling lenders to consider verified credit histories of individuals from across the border. This may particularly benefit digital-native workers, entrepreneurs and professionals whose financial footprints span both jurisdictions. As more individuals build financial footprints on both sides of the Causeway, the ability to securely and responsibly reflect their credit history across borders becomes increasingly important. A structured cross-border credit reporting framework can help ensure that consumers are assessed more fairly and comprehensively, rather than being treated as “new-to-credit” applicants when they move between Singapore and Malaysia.
For financial institutions, access to cross-border credit data can provide a more holistic view of an applicant’s financial obligations, supporting stronger digital underwriting, reduced cross-border fraud risk and more confident expansion into adjacent markets. Improved cross-border data transparency may also enhance operational efficiency and portfolio resilience in increasingly digital lending environments.
CBS and Experian Malaysia emphasised that data protection, regulatory compliance, and consumer consent are foundational to the initiative. Both parties are committed to working within their respective legal and regulatory frameworks and engaging relevant authorities to facilitate responsible implementation. The MOU also contains confidentiality provisions governing information exchanged in the course of collaboration.
Mr. William Lim, Executive Director of Credit Bureau Singapore, said:
“As individuals and businesses operate more seamlessly across Singapore and Malaysia, credit information systems must evolve to reflect cross-border realities. This collaboration represents an important step towards enabling more seamless and responsible access to credit for consumers.”
Ms. Dawn Lai, Chief Executive Officer of Experian Information Services Malaysia, added: “Trusted data collaboration is key to strengthening digital financial ecosystems. By working together, we aim to enhance financial inclusion, improve risk transparency and support sustainable growth across both markets.”
Mr. Vincent Yap, CBS Board Chairman & Group Chief Credit Officer, Consumer Credit Risk Management of Oversea-Chinese Banking Corporation, said “The access to cross-border credit data can provide a more comprehensive view of an individual applicant’s financial obligations, supporting more accurate risk assessment outcomes, reduced cross-border fraud risk and promote seamless access to capital across both markets.”
Hashtag: #Experian
The issuer is solely responsible for the content of this announcement.
About Credit Bureau (Singapore) Pte Ltd (www.creditbureau.com.sg)
Credit Bureau (Singapore) Pte Ltd (CBS), a subsidiary of Credit Bureau Asia Limited (CBA), is Singapore’s most comprehensive consumer credit bureau that has full-industry uploads from financial institutions such as retail banks, merchant banks, finance companies and credit card issuers licensed by the Monetary Authority of Singapore (MAS). CBS is a joint venture between The Association of Banks in Singapore (ABS) and Infocredit Holdings Pte Ltd.
The setting up of a consumer credit bureau in Singapore is a significant addition to enhance the Republic’s risk management capability. Since 2002, the Banking Act, administered by the Monetary Authority of Singapore, has allowed CBS members to disclose and obtain credit-related information to mitigate consumer credit risk through information pooling from CBS. From 2021, credit bureaus that conduct consumer credit reporting businesses in Singapore, such as CBS, are regulated under the Credit Bureau Act 2016.
As part of consumer credit reporting business, CBS aggregates credit-related information amongst participating members and presents a more complete risk profile of a customer to credit providers. This helps credit providers to determine the likelihood of the customer repaying, thus enhancing their risk assessment capabilities. Our goal is to also educate and reach out to the wider community on the importance of credit reputation.
CBS has also been designated by the Ministry of Law as the operator of the Moneylenders Credit Bureau (MLCB) under Section 56 of the Moneylenders Act.
MLCB is a central repository of data on borrowers’ loans and repayment records with all licensed moneylenders (LMLs) in Singapore. It will allow LMLs to assess the creditworthiness of borrowers and make informed decisions when granting loan applications. MLCB will also help borrowers to understand their loan information report so as to work towards achieving better financial health.
About Credit Bureau Asia Limited (www.creditbureauasia.com) Credit Bureau Asia Limited (CBA) is a leading player in the credit and risk information solutions market in Southeast Asia. CBA provides credit and risk information solutions to an extensive client base of financial institutions (“FI”), multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises and individuals across Singapore, Malaysia, Cambodia and Myanmar. CBA’s business has two core segments, the FI Data Business and the Non-FI Data Business, covering both consumer and commercial credit risk information.
As at 31 December 2024, the Group has more than 255 financial institution members across Singapore, Cambodia and Myanmar, including banks, microfinance institutions, leasing companies and rural credit operators.
For its Non-FI Data Business, the Group has more than 6,000 enterprise customers, ranging from multinational corporations to small and medium-sized enterprises. CBA’s Non-FI Data Business operates in Singapore and Malaysia, where enterprise customers can access a wide range of business information and risk management services, sales and marketing solutions, and commercial insights. CBA combines data sourced from a variety of publicly accessible registries, Dun & Bradstreet’s extensive international network, as well as information contributed by businesses which subscribe to CBA’s payment bureau services. The Group has access to a database of more than 580 million business records globally.
CBA was named in Forbes Asia’s 2025 “Best Under A Billion” list, marking the second consecutive year that CBA has been named among the top 200 top-performing publicly listed small and mid-sized companies across the Asia-Pacific region.
About Experian (www.experianplc.com)
Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and platforms. We also assist millions of people to realise their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and to innovate. A FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 25,200 people across 33 countries. Our corporate headquarters are in Dublin, Ireland. Learn more at experianplc.com.
Focus on Data Governance to Help Hong Kong Enterprises Build Trusted AI Decision-Making Capabilities
HONG KONG SAR – Media OutReach Newswire – 9 June 2026 – FanRuan Software, a leading business intelligence (BI) software brand in the Asia-Pacific region, today held the “FANRUAN DATA & AI SUMMIT 2026” at the Kowloon Shangri-La Hotel. Themed “Data Shapes AI, AI Redefines Decisions,” the summit brought together enterprise representatives and technology experts from industries including finance, construction, retail, and manufacturing to explore practical pathways for enterprise data governance, BI applications, and intelligent decision-making in the AI era.
FANRUAN DATA & AI SUMMIT 2026 Data Shapes Al, Al Redefines Decisions
At the event, FanRuan highlighted that as generative AI and intelligent analytics tools accelerate their entry into enterprise scenarios, the focus of Hong Kong businesses has shifted from “whether to adopt AI” to “whether AI can truly support business judgment and management decisions.” In an environment characterized by multiple coexisting systems, complex cross-departmental collaboration, and heightened compliance and access control requirements, enterprises lacking a consistent, accurate, and traceable data foundation will find it difficult for AI to produce analytical results trusted by management.
Therefore, FanRuan proposed an enterprise AI implementation pathway of “Governance First, Intelligence Second,” emphasizing that AI’s value stems not only from model capabilities but also depends on whether enterprises possess a governable, verifiable, and sustainably usable data foundation.
AI Applications Enter Deep Waters: Data Governance Becomes a Critical Prerequisite
In recent years, Hong Kong enterprises have actively explored AI applications in operational management, financial analysis, procurement decisions, customer engagement, and risk control. However, in actual implementation, many companies still face challenges such as data fragmentation, inconsistent metrics, system silos, and complex access controls.
For enterprises, the true value of AI lies not merely in generating answers, but in its ability to help managers faster understand business changes, diagnose problems, and take action based on trusted data. If underlying data sources are untraceable, metric definitions are inconsistent, or different departments maintain separate versions of data for the same business issues, even advanced AI tools will struggle to form analytical bases credible to decision-makers.
FanRuan believes that enterprise AI applications are moving from tool experimentation into the deep waters of business operations. In the future, the key to successful AI adoption within enterprises hinges on whether they can first establish a clear, stable, and manageable data governance foundation.
From Standardization to Intelligent Analytics: FanRuan Presents an Enterprise AI Implementation Pathway
Addressing enterprise needs to progress from data governance to intelligent decision-making, FanRuan showcased its “Governance First, Intelligence Second” implementation approach at the summit, helping enterprises sequentially build comprehensive capabilities from data standardization and BI applications to AI analytics.
First, at the data standardization level, FanRuan provides standardized analytics templates across multiple industries through Fine Gallery (App Marketplace), assisting enterprises in rapidly establishing consistent metric definitions and analytical frameworks. For companies whose data architectures still require refinement, standardized analytics scenarios serve as a starting point for building a Single Source of Truth (SSOT), reducing cross-departmental communication costs and enhancing the reusability of data applications.
Second, at the BI application level, FanRuan helps enterprises transform data scattered across ERP, finance, procurement, project management, CRM, and other systems into reports, dashboards, and analytical charts usable by both management and business teams. Through consistent data presentation and access control management, enterprises can more effectively grasp operational conditions, transforming data from backend records into daily management tools.
Building on this foundation, FanRuan further demonstrated Dora Data Agent, an AI-powered data analytics assistant designed for enterprise management and business analysis scenarios. Based on governed enterprise business data, Dora assists users in conducting multi-dimensional root-cause analysis, anomaly interpretation, and issue diagnosis. When enterprises face performance fluctuations, cost variations, procurement anomalies, or deviations in operational metrics, Dora helps managers shorten the time from “problem discovery” to “cause diagnosis,” making AI analytics more aligned with actual business objectives and decision-making contexts.
Deepening Presence in Hong Kong Market to Drive AI Data Analytics Adoption
FanRuan stated that for AI applications to deliver long-term value within enterprises, reliance on single tools is insufficient; supporting data governance methodologies, talent training, and localized service support are equally essential. For the Hong Kong market, FanRuan will continue to advance its digital talent certification system, helping enterprises reduce dependence on individual technical staff experience, enabling more business and management personnel to acquire data analytics capabilities, and gradually fostering an organizational culture where “everyone can understand data and use data for decision-making.”
As Hong Kong enterprises accelerate their digital transformation, the key to successful AI adoption will be how to transform data scattered across different systems, departments, and processes into decision-making assets trusted by management and routinely used by frontline business operations. Moving forward, FanRuan will continue to center on the “Governance First, Intelligence Second” core pathway, helping Hong Kong enterprises lay a solid data foundation for the AI era and establish more robust decision-making advantages. Hashtag: #FanRuan #DataGovernance #ArtificialIntelligence #BusinessIntelligence #DoraDataAgent #DigitalTransformation #HongKongTech #TrustedAI #DataAnalytics
The issuer is solely responsible for the content of this announcement.
About FanRuan Software
As the leading all-in-one Data Analytics & BI platform, FanRuan empowers enterprises worldwide to bridge the gap between raw data and strategic action. Founded in 2006, FanRuan serves over 43,000 clients globally through 50 strategic branches, combining international leadership with localized expertise to help organizations transform information into lasting business value. With over 5 million daily users across industries including finance, construction, manufacturing and retail, FanRuan provides the future-ready foundation for sustainable growth. For more information, please visit https://www.fanruan.com/en
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