Arabian Post Staff -Dubai The UAE has emerged as the GCC’s busiest confirmed construction market, with 700 execution-ready projects valued at $138 billion, underscoring the country’s shift from post-boom recovery to a broader phase of active development across real estate, energy, infrastructure and specialised industrial assets. Saudi Arabia ranks close behind by project count, with 628 confirmed schemes, though its pipeline is larger in value terms at […]
Tehran opened weeklong funeral ceremonies for Ayatollah Ali Khamenei on Saturday, turning public mourning for the slain former supreme leader into a carefully staged display of endurance after months of war, political uncertainty and pressure on the Islamic Republic’s ruling establishment. The body of Khamenei, killed on 28 February during US and Israeli strikes at the start of the war, was placed at the Imam Khomeini Grand […]
Arabian Post Staff -Dubai Oil prices have slipped back as a burst of supply, softer demand signals and easing disruption fears revive concern that the global market may be heading towards another glut. Brent crude has traded close to $72 a barrel, while US benchmark West Texas Intermediate has hovered below $70, pulling prices towards levels seen before the latest Middle East supply scare. The shift has […]
Securitize began trading on the New York Stock Exchange under the ticker SECZ after completing its merger with Cantor Equity Partners II, giving the tokenisation platform a public-market foothold at a time when Wall Street is testing blockchain rails for regulated securities. The Miami and New York-based company closed its business combination on 1 July, with trading starting the following day. The deal is expected to raise […]
The Asian Excellence Awards is one of Asia’s most prestigious accolades in the fields of corporate governance, ESG, and investor relations. Organized annually by Corporate Governance Asia since 2011, the awards are recognized for their rigorous evaluation standards and stringent selection criteria.
This year, VinFast received recognition in three major categories: Best Investor Relations Company, Asia’s Best CFO awarded to Ms. Nguyen Thi Lan Anh, and Best Investor Relations Professional awarded to Ms. Amandae Baey.
VinFast was the only Vietnamese company recognized at the 2026 awards. Other recipients this year were leading corporations from several key Asian markets, including Hong Kong, Mainland China, Taiwan, Thailand, Malaysia, Indonesia, and the Philippines.
In the Best Investor Relations Company category, VinFast was highly regarded for its transparency in information disclosure, its ability to maintain regular engagement with investors and analysts, and the effectiveness of its communication and outreach initiatives with financial communities.
For the Asia’s Best CFO award, the organizers recognized the critical role of corporate finance leaders in maintaining strong financial foundations, developing effective capital-raising strategies, and navigating market volatility. The award honors CFOs who demonstrate exceptional leadership in guiding their companies toward stable and sustainable growth across varying economic conditions.
Ms. Nguyen Thi Lan Anh, Chief Financial Officer of VinFast, said: “This series of recognitions at the Asian Excellence Awards 2026 is a meaningful acknowledgment of VinFast’s journey in building a global enterprise founded on advanced and sustainable governance standards. VinFast will continue to strengthen governance capabilities, enhance transparency, and foster open dialogue with stakeholders to build long-term trust in international markets.”
Ms. Nguyen Thi Lan Anh has served as Chief Financial Officer (CFO) of VinFast Auto Ltd since 2024. Having joined Vingroup in 2020, she brings extensive knowledge of the Company’s operations through her leadership experience across multiple functions, including finance, manufacturing, and supply chain management. She is a Fellow Chartered Certified Accountant (FCCA) and a Certified Practising Accountant of CPA Australia.
Ms. Amandae Baey has served as Vice President of Investor Relations at VinFast since 2024, where she leads the Company’s global investor engagement, analyst relations, and capital markets positioning. She is a CFA charterholder.
The awards highlight VinFast’s increasing integration into global capital markets and reaffirm its commitment to adopting international governance standards, enhancing disclosure quality, and strengthening engagement with shareholders and investors through a professional, proactive, and sustainable approach.
Over the past year alone, VinFast has received dozens of prestigious international awards spanning investment and finance, corporate communications, electric mobility, technology, design, and sustainability. Notable recognitions include the “Outstanding Innovation in Sustainable Electric Mobility” and “Remarkable Contribution to Energy Independence” awards at the CNN Indonesia Awards; the “Best Value Car of the Year” award at the Autocar India Awards 2026; ranking 101st in TIME magazine’s “Asia-Pacific’s Best Companies of 2025” list; and six awards at the APAC Effie Awards.
Hashtag: #VinFast #AsianExcellenceAwards #InvestorRelations
The issuer is solely responsible for the content of this announcement.
Corporate Governance Asia is Asia’s leading publication covering corporate governance, ESG (Environmental, Social and Governance), investor relations, and sustainability. Since its launch in 2002, it has become a trusted source of insights and analysis for corporate leaders, investors, regulators, and financial professionals across the region.
The Asian Excellence Awards, organized annually by Corporate Governance Asia since 2011, recognize outstanding companies and business leaders across Asia for excellence in corporate governance, ESG practices, and investor relations.
HONG KONG SAR – Media OutReach Newswire – 4 July 2026 – The Hong Kong Tourism Board is proud to support the 108th Lions International Convention 2026 in Hong Kong. Having previously hosted the convention in 1992 and 2005, Hong Kong has once again been chosen by Lions Clubs International as the venue for its flagship event, attracting around 17,000 delegates from across the globe. Hong Kong has thus become one of the very few cities among more than 200 Lions member countries and regions worldwide to have secured hosting rights three times. This underscores Hong Kong’s status and appeal as the Events Capital of Asia and the World’s Meeting Place.
Hosting Same High-Profile Event for the Third Time Cements Hong Kong’s Title as Asia’s World City
HKTB Chairman Dr Peter Lam said, “HKTB is delighted to partner with the Lions Clubs International District 303 Hong Kong and Macao, China, to bring this Convention to Hong Kong for the third time. Its return affirms Hong Kong’s position as the World’s Meeting Place and a top-of-mind destination for MICE tourism. It also showcases Hong Kong’s integrated strengths in world-class MICE infrastructure, global aviation connectivity, diverse and distinctive tourism offerings, and quality hospitality services. These are the key factors in attracting international MICE events and encouraging business travellers to return time and again. We extend our warmest welcome to Lions from around the world and, together with our industry partners, have curated exclusive itineraries and experiences to encourage delegates to stay longer and discover the unique appeal that can be found only in Hong Kong.”
Lions Clubs International is one of the world’s largest service organisations, with more than 1.4 million members and around 50,000 district clubs across over 200 countries and regions. Since 1917, the organisation has supported communities worldwide through a wide range of social service and community aid initiatives.
Lions International Convention 2026 Honorary Chairman and Past International President Dr Tam Wing-kun said, “Hong Kong is an international metropolis where Eastern and Western cultures converge. With its well-developed professional services and comprehensive MICE infrastructure, Hong Kong is an ideal host for this international mega event. I am delighted that the Convention has returned to Hong Kong. This year’s edition will provide Lions from all corners of the world with a broad and diverse platform to explore the future development of international services. Delegates will also be able to experience first-hand Hong Kong’s world-class cuisine and rich cultural appeal. I am confident they will be the best ambassadors possible when they return home, telling the good stories of Hong Kong to the world.”
Lions Attempt Tai Chai World Record in Hong Kong
The 108th Lions International Convention is being held for five consecutive days from 3 to 7 July at AsiaWorld-Expo. To celebrate its return to Hong Kong and promote traditional Chinese culture, the organiser will attempt to set a world record with thousands of international Lions practising Tai Chi simultaneously. The activity aims to promote exercise for all and deepen participants’ understanding of the Sustainable Development Goals, creating a meaningful finale to the convention.
HKTB Teams Up with the Trade to Offer Unforgettable Cultural Tourism Experiences
Hashtag: #MEHK #MeetingsandExhibitionsHongKong #HongKong #MICE #Lions #LionsInternationalConvention2026
https://www.mehongkong.com/
https://www.linkedin.com/company/meetings-exhibitions-hong-kong
The issuer is solely responsible for the content of this announcement.
The share sale, opened to institutional investors this week, drew bids of about ₹380 billion, or roughly 3.8 times the base offer. The indicative price was set at ₹2,883 a share, below the regulatory floor price of ₹3,034.68 and at a discount to the stock’s previous close, reflecting the typical pricing structure used to secure large-block institutional participation.
The enlarged issue marks one of Adani Enterprises’ biggest equity-raising exercises since the group was hit by a market rout in 2023 following allegations by US short-seller Hindenburg Research. The conglomerate denied wrongdoing, and group companies have since rebuilt access to capital through a mix of equity, debt, asset recycling and strategic partnerships.
The strong response to the placement signals that institutional investors are again willing to back the group’s growth strategy, even as they continue to price in governance, leverage and execution risks. The investor book included global funds and domestic asset managers, with demand high enough for the company to lift the deal size by 50 per cent.
Adani Enterprises is the incubator of the group’s newer businesses. Its portfolio spans airports, roads, data centres, green hydrogen, mining services, defence, solar manufacturing and other infrastructure-linked ventures. The company has been central to the group’s plan to build large operating platforms before eventually listing or separating mature units.
The latest fundraising comes as the group accelerates capital spending across transport, energy transition and materials. Its airports business operates eight airports and is preparing for the opening of Navi Mumbai International Airport, a project expected to strengthen the group’s presence in aviation infrastructure. Data centres and green hydrogen remain capital-intensive bets that require long gestation funding and steady access to institutional capital.
The timing also follows Adani Enterprises’ rights issue of about ₹250 billion completed in late 2025, which was oversubscribed. That offer was used to support capital expenditure, debt repayment and shareholder loan obligations. The new placement gives the company additional flexibility at a time when infrastructure companies are competing for long-duration capital amid rising demand for logistics, power, digital infrastructure and manufacturing capacity.
The share sale is also significant because it reduces reliance on borrowings for the next leg of expansion. Equity funding can ease pressure on balance sheets and improve investor perception of leverage, particularly for companies pursuing several projects at once. At the same time, the discounted pricing means some dilution for existing shareholders, a common trade-off in large institutional placements.
Market reaction was measured. Adani Enterprises shares initially faced pressure after pricing details emerged but later stabilised, suggesting investors had largely anticipated a discount. The stock has recovered substantially from its 2023 lows, though it remains closely watched because of the group’s debt profile, promoter holdings and regulatory scrutiny around past allegations.
The company’s investment cycle has broadened further with plans linked to a major aluminium project in Odisha in partnership with Abu Dhabi’s International Holding Company. The proposed project, valued at about $11.5 billion, is expected to include bauxite mining, alumina refining, aluminium smelting and downstream capacity. The partnership underscores the group’s continuing effort to deepen industrial manufacturing alongside infrastructure.
IHC has been a notable backer of the group through periods of market volatility. Its involvement provides strategic weight to Adani’s expansion into metals, a sector that requires heavy upfront investment, access to raw materials, power security and strong execution discipline. Aluminium demand is being driven by transport, packaging, power transmission, construction and renewable energy infrastructure.
Adani Enterprises’ fundraising also fits a broader trend across the equity market, where companies have used qualified institutional placements to raise growth capital while valuations remain supportive. QIPs allow listed companies to place shares with large investors without the longer timelines associated with some other public offerings. For issuers, the format is faster; for institutions, it provides access to sizeable allocations in liquid companies.
Abu Dhabi Investment Authority has joined a large group of cornerstone investors in Luxshare Precision Industry’s Hong Kong share sale, giving the Apple supplier stronger institutional backing as it seeks to raise up to $3.1 billion in what could become the city’s biggest listing of 2026. The Shenzhen-listed manufacturer is offering 383.5 million H-shares at a maximum price of HK$63.28 each, with trading expected to begin on […]
BlueFive Capital has co-led a near $3 billion funding round for Kling AI, marking one of the largest capital injections into a generative video company and giving the Abu Dhabi-based investment platform a prominent position in China’s fast-growing artificial intelligence race. The financing values Kling AI at about $18 billion after investment and brings together a heavyweight group of backers including CPE, Guofang Investment, Tencent and CITIC […]
Etihad Rail has opened passenger journeys between Abu Dhabi and Fujairah, giving travellers a new way to cross the country with online booking, discounted launch fares and a travel time of about one hour and 45 minutes. The first public phase of the UAE’s national passenger rail service began on June 30, connecting Abu Dhabi Station in Mohammed bin Zayed City with Fujairah Station in Al Hilal. […]
Arabian Post Staff -Dubai Abu Dhabi’s e& Carrier & Wholesale Services has signed a strategic partnership with Lenovo Connect to deliver global connectivity for electric vehicles, connected cars and industrial IoT systems, strengthening its push into cross-border digital infrastructure as mobility platforms demand faster, safer and more compliant data services. The agreement brings together e&’s international network reach, 5G capabilities and regulatory experience with Lenovo Connect’s IoT […]
Now in its 19th year, the festival has grown into one of Taiwan’s largest outdoor music events, attracting tens of thousands of fans every summer. Set against Hualien’s breathtaking mountains and Pacific coastline, the event combines live performances with one of Asia’s most scenic festival experiences.
This year’s lineup features an impressive mix of award-winning Taiwanese artists, rising indie musicians and international performers. Headliners include Jam Hsiao, Show Lo, Accusefive, Sun Shu-mei, Hsu Fu-kai, MIXER, Aisa Senda, Chih Siou, Lee Chu-hsin and Chen Yi-no, representing pop, rock, folk and contemporary Taiwanese music.
Adding an international dimension, South Korean rock band ChRocktikal and CNU and Gongchan from K-pop group B1A4 will also perform, highlighting Hualien’s growing role as a cultural destination connecting audiences across Asia.Each festival night carries a unique musical theme, including：Nature & Adventure Night、Youth Power Night、Rock Explosion Night、Asia Wave Night、All-Star Finale.
The festival also showcases seven winning acts from Hualien’s emerging artist competition, giving local musicians the opportunity to share the stage with internationally recognized performers.
Organized by the Hualien County Government, the event reflects the county’s long-term vision of promoting cultural tourism through music while strengthening international exchange. By combining Taiwan’s original music scene with performances from across Asia, organizers hope to position Hualien not only as Taiwan’s summer music capital but also as an emerging destination for international music tourism.
Beyond the concerts, visitors can explore Hualien’s dramatic natural landscapes, indigenous culture, local cuisine and outdoor attractions, making the festival an ideal gateway to experience eastern Taiwan.
With free admission and five consecutive nights of live entertainment beneath the stars, the 2026 Hualien Summer Carnival invites music lovers from Taiwan and around the world to celebrate an unforgettable summer on Taiwan’s spectacular east coast.
Hashtag: #HualienSummerCarnival
The issuer is solely responsible for the content of this announcement.
Gulf banking systems remain well placed to absorb near-term shocks from the US-Iran conflict, but their credit strength is now tied closely to whether the ceasefire holds and whether the Strait of Hormuz returns fully to dependable commercial use. Fitch Ratings says the durability of the truce between Washington and Tehran will be central to the outlook for banks across the Gulf Cooperation Council, where lenders entered […]
PureHealth’s insurance arm, The National Insurance Company – Daman, has secured an A1 Insurance Financial Strength Rating from Moody’s Ratings with a stable outlook, marking a major credit milestone for Abu Dhabi’s expanding healthcare and insurance platform. The rating is the highest Insurance Financial Strength Rating assigned by Moody’s to a UAE insurer and the highest across the GCC among life, property and casualty, and reinsurance companies. […]
Dubai’s off-plan office market surged to a record AED13.1 billion in the first half of 2026, surpassing the combined value of transactions recorded across the previous seven years and signalling a decisive shift in the emirate’s commercial property cycle. Developers sold 1,668 off-plan office units between January and June, compared with AED5.48 billion generated from 1,821 transactions between 2019 and 2025. The jump reflects a sharp acceleration […]
Arabian Post Staff -Dubai Reports that Washington may scale back its troop presence in Saudi Arabia have sharpened scrutiny of a defence relationship that has long underpinned Gulf security, after Riyadh resisted the use of its bases and airspace for operations tied to the Strait of Hormuz during heightened confrontation with Iran. The episode has exposed a difficult shift in one of the region’s most consequential partnerships. […]
PENANG, MALAYSIA – Media OutReach Newswire – 3 July 2026 – HARRIS Hotel & Conventions Sunshine Penang officially opens its doors today, marking the debut of the HARRIS brand in Malaysia and introducing a vibrant new hospitality, meetings and lifestyle destination in the heart of Ayer Itam.
Located just 30 minutes from the Penang International Airport and within Sunshine Central in Ayer Itam, the hotel offers a strategic Penang address that brings together modern accommodation, meetings and events facilities, direct mall connectivity, and access to retail, dining and lifestyle conveniences, as well as some of Penang’s best-known local attractions. Designed for domestic and international leisure travellers, families, business travellers, groups and event planners, the hotel offers a practical and well-rounded hospitality experience in one of the island’s established local neighbourhoods.
Marking HARRIS’ First Presence in Malaysia
The opening of HARRIS Hotel & Conventions Sunshine Penang reflects the growing appeal of Penang as a destination where leisure, food, culture, healthcare, retail and business events meet. With its location near Penang Hill, Kek Lok Si Temple, traditional markets and local hawker food, the hotel provides a convenient base for travellers seeking to experience Penang beyond the usual city-centre stay.
At the same time, its position within Sunshine Central strengthens its relevance for corporate travellers, meeting planners, event organisers and business groups. The hotel is connected to retail and lifestyle facilities, supported by extensive parking within the development, and offers direct access to event spaces suited for corporate meetings, conferences, seminars, weddings, annual dinners and social celebrations.
“The debut of HARRIS in Malaysia is an important milestone for Ascott as we continue to expand our brand portfolio across the country,” said Mondi Mecja, Country General Manager, Ascott Malaysia. “Penang’s strong position as a tourism, healthcare and business events destination makes it an ideal location for the brand’s first Malaysian property. Together with our partners at Sunshine Central, we are excited to introduce a hotel that caters to today’s leisure travellers, families, corporate guests and event organisers in one integrated destination.”
A Stay Designed for Leisure, Business and Group Travel
The hotel features 284 rooms and suites, comprising HARRIS Rooms, HARRIS Suites and HARRIS Family Suites. Its accommodation is designed to support both short stays and group travel, with room options suited for individual travellers, couples, families and guests attending meetings or events. Facilities include Harris Bistro, the hotel’s all-day dining restaurant, F&B lounge, swimming pool, children’s wading pool, children’s playground, gymnasium and high-speed Wi-Fi, reflecting HARRIS’ energetic and friendly approach to practical hospitality.
Discovering Ayer Itam and Penang’s Local Attractions
For families and leisure travellers, HARRIS Hotel & Conventions Sunshine Penang offers an accessible stay option within reach of Ayer Itam’s popular food, retail and cultural experiences. Its proximity to Penang Hill and Kek Lok Si Temple also creates opportunities for weekend stays, family holidays, group itineraries and pre- or post-event leisure visits.
A New Venue for Meetings, Weddings and Events
As one of the newest large-scale event venues in Penang, the pillarless Grand Ballroom, which can host up to 1,000 guests for banquet-style events, making it suitable for weddings, gala dinners, annual dinners and large-scale corporate functions.
The event spaces are designed for flexibility, with adaptable seating layouts, moveable partitions and modern AV capabilities, including integrated LED screens, high-speed Wi-Fi, professional sound and microphone systems, and dedicated AV control support.
With local weddings, company events, meetings and regional business events expected to be key demand drivers, the hotel is positioned as a practical new choice for planners who require accommodation, event space, retail convenience and ample parking access in one connected destination.
Convenience for Medical Travellers and Visiting Families
HARRIS Hotel & Conventions Sunshine Penang is also well placed for guests visiting Penang for healthcare-related travel, with access to established hospitals and private medical facilities on the island. Together with its family-friendly accommodation, mall connectivity, dining options, the hotel provides a convenient base for medical travellers and accompanying family members.
Opening Offer
To celebrate its opening, HARRIS Hotel & Conventions Sunshine Penang is offering HARRIS Rooms from RM308+ per room per night. Book from now till 31 October 2026, and stay period from 3 July to 31 October 2026. Website for bookings: Reservations and Bookings
Guests may also follow HARRIS Hotel & Conventions Sunshine Penang on Facebook at facebook.com/harrissunshinepenang and Instagram at @harris_sunshinepenang for the latest updates and opening highlights.
For images, please click here.
Hashtag: #HARRISHotels #HARRISHotel&ConventionsSunshinePenang #TheAscottLimited
https://www.discoverasr.com/en/harris/malaysia/harris-hotel-conventions-sunshine-penang
http://facebook.com/harrissunshinepenang
https://www.instagram.com/harris_sunshinepenang
The issuer is solely responsible for the content of this announcement.
The Ascott Limited (Ascott) is driven by a vision to be the preferred hospitality company, enriching global living with heartfelt experiences. With a portfolio of more than 1,000 properties spanning over 230 cities across more than 40 countries, Ascott’s presence spans Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its diverse collection of award-winning brands includes Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, The Unlimited Collection, Fox, Harris, POP!, Preference, Quest, Vertu and Yello.
Ascott specialises in managing and franchising a wide range of lodging options, including serviced residences, hotels, resorts, social living properties and branded residences, catering to the varying needs and preferences of global travellers. Through the Ascott Star Rewards (ASR) loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey.
As a wholly owned business unit of CapitaLand Investment Limited, Ascott generates fee-related revenue by leveraging its expertise in both lodging management and investment management. It also drives the expansion of funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.
For more information on Ascott and its sustainability programme, please visit www.discoverasr.com/the-ascott-limited. Alternatively, connect with Ascott on Facebook, Instagram,
TikTok and LinkedIn.
JOHOR, MALAYSIA – Media OutReach Newswire – 2 July 2026 – Forest City Special Financial Zone (Forest City SFZ) today issued a progress update on the Johor-Singapore Special Economic Zone (JS-SEZ), pointing to early implementation milestones in investment facilitation, financial-services incentives and cross-border connectivity.
The JS-SEZ agreement, signed on 7 January 2025, covers approximately 3,588 square kilometres across southern Johor. It comprises nine flagship areas and targets investment in 11 sectors, including manufacturing, logistics, financial services, the digital economy, tourism, education, healthcare and the green economy. Forest City is the designated financial-services flagship within the framework.
“The JS-SEZ has moved beyond framework design and into early-stage execution. Forest City has a defined role in financial services and family-office activity, while the wider zone is building a pipeline across multiple industries,” a Forest City SFZ spokesperson said.
Investment pipeline builds across the JS-SEZ
Singapore’s Ministry of Trade and Industry said Singapore-based companies had committed more than S$5.5 billion in investments into Johor since the JS-SEZ memorandum of understanding was signed in January 2024. The figure was highlighted at the second JS-SEZ Joint Investment Forum in Singapore in October 2025.
On the Malaysian side, the Invest Malaysia Facilitation Centre Johor (IMFC-J) reported in March 2026 that it had received 1,000 investor enquiries and was facilitating RM73 billion in potential investment.
IMFC-J is a joint federal-state one-stop centre led by the Iskandar Regional Development Authority, Invest Johor and the Malaysian Investment Development Authority.
The figures represent investment commitments and potential project value rather than fully realised capital expenditure, but provide an early measure of the commercial pipeline forming around the economic corridor.
Forest City builds financial-services proposition
Malaysia announced the Forest City SFZ incentive package in September 2024, followed by the gazettement of the Single Family Office (SFO) tax rules in October 2025. Under the scheme, a qualifying SFO vehicle may receive a 0% tax rate on eligible investment income for an initial 10-year period, with a possible extension for a further 10 years, subject to asset, local investment, staffing and operating-expenditure requirements.
The initial phase requires at least RM30 million in assets under management. The wider Forest City incentive framework also includes a 5% corporate tax rate for qualifying global-services and selected relocation activities, while eligible knowledge workers in the JS-SEZ may qualify for a 15% personal income tax rate, subject to prevailing rules and approvals.
According to Forest City data, nine family offices had received approvals under the scheme by June 2026. The Securities Commission Malaysia had previously reported more than 30 expressions of interest and has set a target of RM2 billion in SFO assets under management by the end of 2026.
Separately, Forest City said 593 applicants were approved for the SFZ category of the Malaysia My Second Home programme between 1 October 2024 and 31 March 2026, indicating demand from investors, professionals and long-stay residents alongside the financial-services push.
Cross-border measures support the dual-market model
The JS-SEZ framework is intended to combine Johor’s land, industrial capacity and cost base with Singapore’s capital, connectivity and business ecosystem. Measures under the bilateral framework include investor facilitation, automated immigration channels, paperless goods clearance and improved transport links.
Singapore has rolled out QR-code immigration clearance across travel modes at the Woodlands and Tuas checkpoints. Travellers should continue to carry their passports, which may still be required for verification and for clearance at the Malaysian border.
The Johor Bahru-Singapore Rapid Transit System Link is targeted to begin passenger service by the end of 2026. The four-kilometre line will connect Bukit Chagar and Woodlands North in about five minutes and is designed to carry up to 10,000 passengers per hour in each direction during peak periods.
Execution and conversion remain the next test
The World Bank projects Malaysia’s economy to expand by 4.4% in 2026, supported by domestic demand, while warning that trade restrictions, global policy uncertainty and weaker external demand remain downside risks.
For the JS-SEZ, the next phase will be measured by the conversion of enquiries and commitments into approved projects, realised investment, skilled employment and operating businesses. Delivery of transport, utilities, talent development and regulatory coordination will also determine the pace at which companies adopt a cross-border operating model.
“The early indicators are encouraging, but the economic impact should be assessed over a multi-year horizon. The priority now is to convert the pipeline into sustainable business activity, jobs and a deeper professional-services ecosystem,” the spokesperson said.
Forest City SFZ said it will continue working with public agencies, financial institutions and professional-service providers to support family offices, international investors and companies evaluating Johor as part of their regional growth strategy.
Key figures
| Indicator | Latest stated figure |
| JS-SEZ coverage | Approximately 3,588 km²; nine flagship areas; 11 priority sectors |
| Singapore-linked commitments | More than S$5.5 billion committed into Johor since January 2024 |
| IMFC-J pipeline | 1,000 enquiries; RM73 billion in potential investment as at March 2026 |
| SFO incentive | 0% on eligible investment income for 10 years, with a possible further 10 years |
| RTS Link | Targeted passenger service by end-2026; up to 10,000 passengers per hour per direction |
| Malaysia 2026 GDP outlook | 4.4% growth forecast by the World Bank |
Hashtag: #ForestCity
The issuer is solely responsible for the content of this announcement.
Located in Iskandar Puteri, Johor, Forest City Special Financial Zone (FCSFZ) is Malaysia’s pioneering special financial zone and the financial-services flagship within the Johor–Singapore Special Economic Zone. It is positioned to attract financial institutions, multinational corporations, high-net-worth individuals and businesses operating in wealth management, financial technology and global business services.
Its incentive framework includes a 0% income tax rate for qualifying Single Family Office Vehicles for up to 20 years, a preferential 5% corporate tax rate for approved qualifying activities, and a special 15% personal income tax rate for eligible knowledge workers, subject to the applicable conditions, regulatory approvals and prevailing legislation. Forest City also holds duty-free island status, further strengthening its appeal as a regional investment, business and wealth-management destination near Singapore.
Luc reports to Cécile de Sousa, Chief Operating Officer, Asia Pacific & Middle East, Natixis CIB and Etienne Huret, Head of Portugal and India Hubs, Natixis.
He brings to the role nearly two decades of experience in Global Capability Center management and offshoring strategies, entrepreneurship, delivery, software engineering, financial markets, architecture, data, digital transformation and innovation.
Luc was instrumental in establishing Natixis Services in India, Natixis CIB’s technology and innovation hub in Bangalore. He previously held the position of Executive Director and Head of CIB Operations and IT and served on the Board of Directors at Natixis Services in India from 2021 until 2025. He then transitioned to Natixis Investment Managers in Paris, where he has been serving as Head of IT Production until his current appointment. Prior to joining the IT team at Natixis CIB in 2014, Luc gained experience as a Software Developer at Société Générale and Partners Advisers SA. He holds a Master’s degree in Electronic Engineering from Ecole Nationale d’Ingénieurs de Brest and an Executive MBA from HEC Paris.
In his new role as Chief Executive Officer, Luc will support the growth of Natixis Services in India and strengthen its integration within Natixis’s global processes.
Cécile de Sousa said, “It is with great pleasure that we welcome Luc back to Bangalore to lead our India center of expertise as it celebrates its five-year anniversary. He has been pivotal in setting up this crucial operation, and spearheading technology-driven transformation and process optimization. Luc’s extensive knowledge of our internal processes, coupled with his proven track record in India, positions him perfectly to assume the leadership responsibilities of Natixis Services in India.”
Etienne Huret said, “Luc’s appointment is a key milestone in our commitment to further developing Bangalore as a critical hub for the Groupe BPCE and Natixis businesses. I look forward to working with him closely as we continue to grow synergies between our Portugal and India hubs and collaborate closely with the Group on strategic initiatives.”
The issuer is solely responsible for the content of this announcement.
Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
Our teams of experts in close to 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.
As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor’s: A+, Moody’s: A2, Fitch Ratings: A+, R&I: A+).
Natixis Services in India is a Center of Expertise for Groupe BPCE, a banking group of French origin, and its subsidiary, Natixis. Natixis Services in India delivers operational excellence and agile solutions by leveraging advanced technologies to address challenges in the banking industry. Natixis Services in India’s focus is on enhancing the client experience, mitigating risks, and strengthening competitive positioning. The team is committed to enriching career development opportunities within an inclusive and dynamic work environment.
Metaplanet has added 2,823 Bitcoin to its corporate treasury, taking its total holdings to 43,000 BTC and deepening its position among the world’s largest listed corporate holders of the digital asset. The Tokyo-listed company’s latest acquisition is valued at about $170 million at current market prices, while its total Bitcoin reserve is worth roughly $2.58 billion. The purchase extends a rapid accumulation strategy that has transformed the […]
The company, led by co-founder and chief executive Ankush Sachdeva, is expected to seek public market capital after tightening costs, narrowing operating losses and pushing harder into advertising, live-streaming and subscription-driven entertainment. The proposed listing would test investor appetite for a local-language social media business that has repositioned itself from a high-burn growth platform into a more disciplined digital entertainment group.
Mohalla Tech’s IPO plans come at a point when technology companies are being judged less on user growth alone and more on cash flow, margins and the durability of revenue. ShareChat was valued at about $5 billion during the venture funding boom of 2022, when large investors including Google, Temasek, Lightspeed and Times Group backed the company. Its valuation came under pressure as the start-up funding environment tightened, forcing the firm to raise convertible debt and cut costs.
ShareChat operates as a social network focused on users in non-English language markets, while Moj competes in the short-video segment. QuickTV, a subscription-led micro-drama app, is part of the company’s attempt to build paid entertainment formats alongside advertising-led services. The group is seeking to show that a platform built around regional content can generate more predictable income from a mix of brands, creators and paying users.
The company’s turnaround has been built around a sharp reduction in losses. Its adjusted Ebitda loss for FY25 fell to about ₹219 crore from ₹793 crore a year earlier, helped by lower marketing spend, headcount reductions and tighter control over creator and technology costs. Revenue is expected to rise further in FY26, with management targeting stronger contributions from advertising, live services and short-form drama subscriptions.
Mohalla Tech’s challenge is that scale has not yet translated into the kind of profitability public investors typically demand. Social media and short-video businesses need sustained spending on content moderation, creator incentives, product development and cloud infrastructure. Advertising demand can also shift quickly, especially when large platforms such as Meta, Google and YouTube continue to dominate brand budgets.
The company has sought to distinguish itself by focusing on language diversity and community-led engagement. ShareChat is available across more than 15 languages and has built a large audience outside the metro-focused English internet market. Its Google Play listing shows more than 500 million downloads for the ShareChat app, while Moj has emerged as a major short-video platform after the 2020 ban on TikTok created room for local alternatives.
That opportunity also brought intense competition. Moj, Josh, YouTube Shorts and Instagram Reels all chased the same creator and viewer base, triggering high spending on influencers, content discovery and user acquisition. Mohalla Tech expanded through acquisition, including the purchase of MX TakaTak, but later shifted to consolidation as the funding environment changed and investors pressed for cleaner unit economics.
The company’s management has already gone through a period of transition. Sachdeva remains the public face of the business, while co-founders Bhanu Pratap Singh and Farid Ahsan stepped back from operating roles in 2023. The firm also implemented multiple rounds of layoffs, including deep reductions in 2023, as it moved away from expansion at any cost.
An IPO would give early backers a potential path to liquidity, though the final size, timing and valuation will depend on market conditions, revenue momentum and profitability milestones. A $400 million issue would be significant for a consumer internet company whose fortunes have mirrored the wider cycle in start-up funding: rapid capital inflows, aggressive expansion, a valuation reset and a pivot towards financial discipline.
The listing plan also comes as equity markets have shown selective support for digital businesses that can demonstrate clear paths to profit. Investors have rewarded companies that cut burn and improved governance, while punishing firms with weak disclosure, unclear revenue models or stretched valuations. Mohalla Tech will have to convince public shareholders that its audience base can support sustainable revenue without a return to heavy promotional spending.
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