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New Merck Hong Kong Centre to Connect Global Expertise with Local Innovators and Accelerate R&D Commercialisation

HONG KONG SAR – Media OutReach Newswire – 26 October 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) and Merck, a leading science and technology company in life science, healthcare and electronics, signed a collaboration agreement today to establish their strategic partnership. Under the agreement, Merck will establish the “Merck Hong Kong Centre” at Hong Kong Science Park, dedicated to bringing in advanced scientific products, showcasing live technological demonstrations, and providing expert consultation services. Through technical training and clinical advisory sessions, an innovation scouting programme, and the co-hosting of an annual flagship event, the partnership will connect HKSTP’s I&T ecosystem with Merck’s domain expertise and global networks, supporting local startups and I&T talent, accelerating the translation of R&D outcomes into real-world applications, and jointly capturing opportunities across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and international markets.

The HKSAR Government’s recently announced First Five-Year Plan places a strong focus on strategic industries, including life and health technology, artificial intelligence (AI), and new industrialisation, while the latest Policy Address sets out Hong Kong’s ambition to accelerate its development into an international health and medical innovation hub, progressively expanding access to the GBA, international markets, and capital markets. Arriving at a pivotal moment as Hong Kong I&T development enters a new phase, the partnership will bring together top-tier global scientific resources and inject fresh momentum into the city’s I&T sector.

Witnessed by Dr. Annika Bolten-Drutschmann, Consul General of Germany, Ms Cordelia Chung, Chairman of HKSTPand Mr. Peter Yan, Director-General of the Office for Attracting Strategic Enterprises (OASES), Mr. Terry Wong, Chief Executive Officer of HKSTP, and Mr. Rogier Janssens, President of Merck China, signed the partnership agreement. The signing was followed by the “Merck x HKSTP Groundbreaking Ceremony”, marking the official commencement of the Merck Hong Kong Centre and turning the partnership to a new chapter.

Mr. Terry Wong, Chief Executive Officer of HKSTP, said, “We are delighted to welcome Merck, a leading science and technology company, in establishing a strategic partnership with HKSTP and Hong Kong’s I&T ecosystem. As Hong Kong enters an exciting new phase of I&T development, collaboration with global leaders like Merck is crucial to foster the growth of the life and health tech sector. Our shared vision goes beyond offering physical space: we are bringing Merck’s advanced technologies, scientific expertise and global networks closer to our startups and researchers, helping them turn discoveries into practical solutions and explore opportunities for pilot projects, commercial partnerships and investment. Powered by the city’s unique positioning as the super connector between the Chinese Mainland and global markets, this partnership will catalyse collaboration between Merck’s global excellence in life sciences and HKSTP’s thriving ecosystem — taking the discovery and commercialisation of R&D results in the life and health sector to the next level, creating global impact and benefiting humankind.”

Mr. Rogier Janssens, President of Merck China, said, “Hong Kong’s first Five-Year Plan places innovation and technology at the heart of the city’s future, giving science and technology companies like Merck a clear direction for lasting engagement. For 358 years, Merck has advanced science and technology with a patient, generational outlook, and we are now deepening our presence in the Greater Bay Area’s innovation landscape. Merck Hong Kong Centre is the first step of that commitment in Hong Kong. Located next to HKSTP’s shared biomedical laboratory, it places our products and experts alongside the scientists and startups driving the research. We can help them build reliable, reproducible workflows from early experimentation to scale-up, and we can understand earlier what their science needs. Together with HKSTP, we aim to prove this approach in Hong Kong and replicate it elsewhere in China and beyond.”

Under the agreement, the collaboration will focus on four key initiatives:

• Merck Hong Kong Centre: The dedicated physical facility at Hong Kong Science Park will provide Park startups and researchers with advanced scientific product supply, live demonstrations of cutting-edge technologies and expert consultation services. The Centre will serve as a physical hub connecting local innovators with Merck’s technology resources.
• Training and Consultation Initiative: Connecting Merck’s industry experts with HKSTP’s startups and researchers through technical training, clinical advisory and professional consultation services to promote knowledge exchange and strengthen research and application capabilities.
• Innovation Scouting Program: Establishing a structured mechanism to identify, evaluate and connect high-potential startups directly with Merck’s global innovation network, exploring collaboration opportunities including commercial partnerships, proof-of-concept pilot projects and strategic venture investment opportunities.
• Merck Innovation Day: An annual flagship event held at Hong Kong Science Park focusing on life science, healthcare and electronics, bringing together startups, academia and industry leaders to showcase innovations and foster cross-sector exchange and co-development.

HKSTP is committed to building a vibrant I&T ecosystem and is currently home to around 400 life and health technology companies, supported by comprehensive R&D infrastructure and one-stop support services that help turn ideas into real-world applications. The partnership will further connect Park companies with Merck’s global resources, while providing Merck with a platform to access emerging technologies, research talent and high-potential companies in Hong Kong and the GBA, fostering two-way innovation exchange and opening up long-term collaboration opportunities.

Hashtag: #HKSTP

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

HKSTP

More information about HKSTP is available at www.hkstp.org.

By Nantoo Banerjee The long-drawn Ukraine-Russia war seems to be turning out to become the world’s largest and most expensive proxy war in the modern era, in which the European Union and the United Kingdom have so far spent nearly $300 billion on Ukraine to tame Russia. The Syrian civil war since 2011 may be […]

The article The UK, EU Spent Billions On Ukraine To Proxy-Fight Russia appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

These awards celebrate the most inspirational initiatives and developments in land, real estate, construction and infrastructure, recognising outstanding achievement, teamwork and corporate excellence. This year’s entrants have contributed to some of Hong Kong’s largest projects, including driving investment into the commercial sector, delivering essential infrastructure and leading sustainable practices.

Guest of Honour, Mr. TAI Sheung Shing, Victor, JP, Under Secretary for Housing, Housing Bureau, The Government of the Hong Kong Special Administrative Region, kicked off the ceremony with a speech recognising chartered surveyors for their significant contributions to the built environment. Additionally, the event welcomed Mr. David Lam, JP, Under Secretary for Development, Development Bureau, The Government of the Hong Kong Special Administrative Region, as a Presentation Guest at the Gala Dinner, to jointly witness this important occasion.

“These awards are about excellence. Excellence in our profession is about much more than a successful transaction, a well-delivered project or an impressive building. It is about the judgement behind a difficult decision. The integrity to give the right advice, even when it is not the easiest advice to give. And the commitment to leave a place, a business or a community better than we found it. ” said Ms. Ada Fung FRICS, Judging Chair of RICS Hong Kong Awards 2026. “For those of us working in Hong Kong, these qualities matter enormously. Our city never stands still, and neither can our profession. We must help clients navigate uncertainty, make better use of our built environment, and turn long-term ambitions into practical results.”

The RICS Annual Lifetime Achievement Award was presented to Mr. Philip Lo FRICS, a Steward of the Hong Kong Jockey Club. Mr. Lo is a former Chairman of Rider Levett Bucknall China and Hong Kong. He is a fellow of RICS and served on the RICS UK Management Board from 2011 to 2016, alongside his extensive leadership roles within RICS Hong Kong. He remains deeply committed to public service, currently holding key roles with the Hong Kong Housing Authority and the Hong Kong Housing Society, as well serving as an Adjunct Professor at The University of Hong Kong.

“Our profession is unique. We may not always have our names on the buildings, but we know every building carries our fingerprints. More importantly, through the built environment, we have the opportunity not only to create buildings and infrastructure, but also to shape communities, improve lives and contribute to the long-term development of society. That sense of purpose has always been one of the most rewarding aspects of my career.” said Mr. Philip Lo FRICS.

Results of RICS Hong Kong Awards 2026:

Project award categories
1. Commercial Property Project of the Year

• Jones Lang LaSalle Management Services Limited – The Bay Hub

2. Corporate Social Responsibility Project of the Year

• Hong Kong Housing Authority – Diamond Hill Water Feature Park

Team award categories
3. Agency Team of the Year

• JLL – Office Leasing Advisory Team

4. Construction Project Management Team of the Year

• Architectural Services Department & China State Construction Engineering (Hong Kong) Limited – Design and Construction of Chinese Medicine Hospital and Government Chinese Medicines Testing Institute in Hong Kong

5. Facilities Management Team of the Year

• Hang Seng Bank Limited & JLL
• Swire Properties Management Limited – Citygate – Driving Excellence in Facilities Management through Exemplary Sustainability Strategy

6. Property Management Team of the Year

• Nan Fung Property Management – AIRSIDE

7. Quantity Surveying Team of the Year

• Housing Department, HKSAR (Quantity Surveying Section) – SmartCOST+ (Construction Cost Data Management Platform)

8. Refurbishment / Revitalisation Team of the Year

• Architectural Services Department & Yau Lee Construction Company Limited – The Light Public Housing at Vacant School Premises (St. Joseph / Holm Glad / Ma Kam Chan)

9. Research Team of the Year

• Rider Levett Bucknall + Arup – Whole Life Carbon Assessment – Embodied Carbon Intensity Framework in Hong Kong and Mainland China

10. Valuation Team of the Year

• Cushman & Wakefield – Masterminds Behind Development: Shaping Hong Kong’s Future With Valuation Expertise

Special category awards

11. Best Deal of the Year

• Alibaba Group Holding Limited, Cushman & Wakefield – Anchoring the Global Digital Hub: Alibaba & Ant Group’s Overseas Headquarters at One Causeway Bay, facilitated by Cushman & Wakefield
• Jones Lang LaSalle Limited – JLL Capital Markets: Brookfield Asset Management and Uni-China Group Strategic Acquisition of Tsing Yi Industrial Site

12. Environmental Impact Award

• Architectural Services Department – Advancing Net Zero – Toilet Blocks at Pet Garden of Central and Western District Promenade
• Savills Property Management Limited – Kingston International Centre

13. Proptech Innovation of the Year

• Savills Property Management Limited – Smart Control Hub

Individual awards

14. Emerging Achiever of the Year

• Jason Leung MRICS, Assistant Research Director, Head of Land and Housing Research, Our Hong Kong Foundation

15. Lee Ming Kiu, Owen MRICS, Resident Engineer, AECOM

• Woman of the Built Environment Award
• Kathy Lee, Head of Research and Retail Consultancy, Colliers

The full RICS Hong Kong Awards Winners list is available at: https://www.rics.org/training-events/rics-awards/hong-kong-awards

High resolution photos are available at: https://drive.google.com/drive/folders/1c2FnfB9S-IXgcfj8SGXAFe6RP16oQFlA?usp=sharing

Notes for editors:

RICS Hong Kong Awards 2026 is sponsored by:

• Headline Sponsor: Hongkong Land Limited
• Premium Sponsor: Swire Properties Limited
• Cocktail Partner: Colliers
• Agency Partner: CBRE Advisory Hong Kong Limited
• Silver Sponsors: Link Asset Management; MOORE
• Supported by: Construction Industry Council

Hashtag: #RICS

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

About RICS Hong Kong Awards

The RICS Awards Hong Kong showcases outstanding achievements and developments in Hong Kong’s land, property and construction industries and across the built environment. The awards are open to everyone working within the property profession. The jury panel of the RICS Awards 2026 Hong Kong is formed by fourteen outstanding local industry leaders. Nominated projects have all displayed outstanding performance in professionalism, outcome & achievement, teamwork & collaboration and thought innovation.

About RICS
We are RICS. As a member-led chartered professional body working in the public interest, we uphold the highest technical and ethical standards.

We inspire professionalism, advance knowledge and support our members across global markets to make an effective contribution for the benefit of society. We independently regulate our members in the management of land, real estate, construction and infrastructure. Our work with others supports their professional practice and pioneers a natural and built environment that is sustainable, resilient and inclusive for all.

Winner — Best Deal of the Year

Cushman & Wakefield’s Capital Markets team has been recognized for delivering Hong Kong’s largest office asset transaction since 2021. Facilitating Alibaba Group and Ant Group’s acquisition of their new regional headquarters premises at One Causeway Bay, this landmark HK$7.2 billion deal marks a significant milestone for the city’s commercial real estate market and underscores Hong Kong’s enduring appeal to global technology companies seeking regional headquarters opportunities. It highlights Cushman & Wakefield’s pivotal role as a key link between enterprises of different regions, further solidifying its leading position in complex cross-border transactions. This iconic deal has been widely reported and headlined by more than 100 media outlets globally.

Francis Li, International Director, Vice President and Head of Capital Markets, Greater China, Cushman & Wakefield, said, “This award reflects our team’s market expertise, integrity, and commitment to client outcomes, while adhering to the stringent RICS standards. It also reflects our deep market relationships and dedication to clients, the industry, and contributing to Hong Kong’s continued growth.”

Winner — Valuation Team of the Year

Committed to building a future-ready Hong Kong defined by sustainability, innovation, and lasting value, Cushman & Wakefield’s Valuation & Advisory Services team draws on more than 30 years of hands-on experience across Greater China. It partners with the Hong Kong government and private-sector visionaries to shape the infrastructure and public services that matter — spanning transport, utilities, healthcare facilities, and urban renewal. As a total solution hub, the team connects end-to-end expertise across valuation, advisory, ESG, financing and feasibility to turn ambition into action.

Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, Cushman & Wakefield, said, “We are deeply honored be named Valuation Team of the Year at the RICS Hong Kong awards for the third consecutive year, marking our fourth “Valuation Team” award in six years. This accolade reflects the unwavering dedication, professionalism, and innovation of our valuation team. Serving major development initiatives, our team is proud to help shape Hong Kong’s future with our valuation expertise. Since 1993, we have continually evolved our capabilities — integrating ESG, sustainability, and emerging asset classes to deliver best-in-class solutions while nurturing the next generation of industry leaders.”

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, added, “Congratulations to our outstanding teams for demonstrating our progressive spirit and client-first mindset once again. These prestigious accolades reinforce Cushman & Wakefield’s market leadership and brand strength. Moving forward, we will continue to elevate industry standards and deliver unparalleled value to our clients.”

Photos:
Winner – Best Deal of the Year: Hong Kong & China Capital Markets team
Winner – Valuation Team of the Year: Hong Kong Valuation & Advisory Services team

Please click HERE to download high-resolution photos.

Hashtag: #CushmanWakefield

http://www.cushmanwakefield.com.hk
http://www.linkedin.com/company/cushman-&-wakefield-greater-china

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 53,000 employees in nearly 350 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

The two-day summit, inaugurated on Friday at the Brilliant Convention Centre, attracted investment proposals worth approximately ₹5,800 crore, potentially generating more than 10,000 jobs. Separately, five companies received letters of intent for land allocation covering projects valued at ₹9,625 crore.

The proposed semiconductor facility, involving Paras Semiconductors, a subsidiary of Paras Defence and Space Technologies, represents one of the state’s largest identified investments in advanced chip packaging. The company signed a memorandum of understanding with the state government on July 22 for a greenfield outsourced semiconductor assembly and testing plant.

The project is planned for the Indore-Ujjain corridor, where the government has identified approximately 50 acres for development. Its proposed capabilities include advanced packaging technologies associated with increasingly complex semiconductor devices, although commercial production schedules and confirmed manufacturing capacities remain undisclosed.

Advanced packaging allows multiple semiconductor components to be integrated within compact assemblies, improving communication between chips and potentially reducing power consumption. Technologies involving three-dimensional integration are particularly relevant to artificial intelligence accelerators, high-performance computing and specialised processors.

The proposed plant has been described as incorporating sophisticated packaging and testing capabilities. However, claims that it will become India’s first operational 3D artificial intelligence chip packaging facility remain dependent on implementation, technical specifications and the commissioning of competing projects.

Yadav said the summit demonstrated growing interest among technology companies in establishing manufacturing, research and engineering operations in Madhya Pradesh. More than 1,000 delegates participated, including representatives from Japan, South Korea, Taiwan and Sweden.

The investment proposals announced during discussions included ₹1,800 crore from Spintronics AI Semiconductors for phased development and ₹1,200 crore from Lalwala Industries for semiconductor manufacturing and chip design activities.

Other prospective investors included companies operating in electronics manufacturing, semiconductor design, healthcare technology and associated services. The government indicated that the proposals would require further approvals and implementation agreements before their anticipated employment benefits could materialise.

Among the five companies receiving land allocation letters, Cytech RE proposed a ₹6,415 crore hyperscale data centre with a capacity of 50 megawatts at Ganga Malanpur in Gwalior. The project represents the largest individual investment covered by those letters.

Una Ecosystems proposed a ₹2,000 crore lithium-cell manufacturing facility in Bhopal, while Auriga IT Solutions outlined a ₹500 crore global capability centre in Indore. Meena Circuits and Kaynes Electronics proposed electronics manufacturing investments of ₹400 crore and ₹310 crore respectively.

These investments extend beyond semiconductor fabrication and packaging, reflecting the government’s broader effort to attract data infrastructure, electronics manufacturing and technology services. The distinction is significant because the aggregate investment figures announced at the summit encompass several industrial categories rather than semiconductor production alone.

Yadav also announced plans for a Semiconductor Centre of Excellence and a separate Centre of Excellence for Photonics and Quantum Technologies. Both institutions are intended to support research, chip design, innovation and specialised workforce development.

The Madhya Pradesh State Electronics Development Corporation exchanged memoranda of understanding with five institutions, including SEMI India, Semiconductor Laboratory in Mohali and the Electronics Sector Skills Council of India.

The agreements cover technical collaboration, training, research and industry engagement. Their implementation is expected to involve cooperation between government agencies, academic institutions and private companies seeking access to specialised semiconductor expertise.

The state’s Semiconductor Policy 2025 offers financial incentives for eligible projects, including capital assistance and subsidised electricity. Officials have presented these measures as instruments for attracting investment into a sector requiring substantial initial expenditure and dependable infrastructure.

Yadav assured participating companies of administrative assistance, including streamlined approvals, single-window clearances and access to electricity supplies. He also identified the Indore-Ujjain Economic Corridor as a priority location for semiconductor packaging, electronics manufacturing and chip design.

Seven additional companies received letters of intent for office accommodation at the Electronics Complex in Pardesipura, Indore. Their proposed activities include semiconductor design, engineering services, research, artificial intelligence applications and electronics development.

The allocations cover approximately 44,816 square feet and carry projections of 1,280 employment opportunities. Among the beneficiaries are ADT Semiconductors, Spintronics AI Semiconductors, H-Semi Products and Truechip Solutions.

The summit’s programme includes technical discussions on semiconductor supply chains, advanced packaging, fabless chip design, photonics, quantum technologies and workforce requirements, alongside exhibitions involving more than 50 participating companies.

Exploring Emerging Opportunities in AI, Smart Supply Chain Management, ESG and Sustainability

Free Admission Open for Public Registration Now

HONG KONG SAR – Media OutReach Newswire – 24 October 2026 – Amid the reshaping of global supply chains, the rapid advancement of artificial intelligence (AI) technologies, and the rise of emerging industries such as the low-altitude economy, the logistics industry is entering a new wave of smart transformation. Organised by the Hong Kong Productivity Council (HKPC) and funded by the Logistics Promotion Funding Scheme (LPFS) under the Maritime and Aviation Training Fund of the Transport and Logistics Bureau of the HKSAR Government, LogTech Expo 2026 will take place on 29 October (Thursday) at the InnoCentre in Kowloon Tong. Under the theme “Smart-Driven Transformation, Leading the Future of Logistics”, the Expo will bring together more than 50 logistics, supply chain and innovation and technology enterprises, alongside logistics industry leaders and experts, to share insights through a series of forums and discussions. The event will provide a one-stop platform for the industry to stay abreast of the latest logistics technology trends and developments. Admission is free, and online registration is now open.

As one of the major annual events in Hong Kong’s logistics technology sector, the Expo will feature the latest applications and achievements in smart logistics. From AI and big data analytics, smart warehousing and robotics, and automated supply chain management systems, to cross-border e-commerce logistics, green logistics, new energy transportation and drone delivery solutions, visitors will be able to experience first-hand how technology is reshaping logistics operations and helping enterprises enhance efficiency and competitiveness.

Renowned Enterprises and Organisations Showcase the Entire Smart Logistics Value Chain
This year’s Expo will bring together renowned brands and organisations from the logistics and technology sectors, including SF Supply Chain, Hong Kong Customs and Excise Department, Hongkong Post, Auto-ID Technology, HSM Industrial Solution, Tradelink, GS1 Hong Kong, ShipAny and Axis Communications, showcasing innovative solutions that support digital transformation and intelligent operations across the logistics industry. Visitors can explore the following technology zones:

• AI and Data Applications Zone: Leveraging AI, big data and automation technologies to enhance logistics planning and operational efficiency;
• Smart Warehousing and Robotics Zone: Showcasing intelligent sorting systems, automated warehousing and robotics solutions;
• Smart Supply Chain and Digital Platform Zone: Featuring WMS, TMS and digital supply chain management systems;
• Cross-border E-commerce and Delivery Zone: Showcasing innovative models in global fulfilment and smart delivery;
• ESG and Green Logistics Zone: Focusing on new energy transportation, carbon reduction technologies and sustainable logistics development;
• Low-Altitude Economy Zone: Exploring emerging applications such as drones and last-mile delivery solutions.

Visitors will not only be able to learn how innovative technologies are applied in real-world business scenarios but also engage directly with solution providers and industry experts to explore opportunities for collaboration and transformation.

10 Thematic Seminars and Sharing Sessions Focus on the Future of Logistics
In addition to the exhibition, the Expo will feature 10 thematic forums and technical sharing sessions covering key industry topics including AI, supply chain digitalisation, cross-border e-commerce, the low-altitude economy and logistics innovation.

The opening seminar, “Smart Tools for Logistics: Practical AI Applications and Insights”, will be moderated by Ryan IP, Vice President and Executive Director of the Public Policy Institute of Our Hong Kong Foundation, and feature a panel comprising Professor Kee-hung LAI, Head of the Department of Logistics and Maritime Studies and Chair Professor of Shipping and Logistics at The Hong Kong Polytechnic University; Sunny HO, MH, JP, FCILT, Executive Director of the Hong Kong Shippers’ Council; Keno Tai-yip CHEUNG, President of The Chartered Institute of Logistics and Transport in Hong Kong; and Suki CHEUNG Shuk-ming, Chief Executive Officer of MG Ship. Together, they will discuss how AI can enhance logistics operational efficiency, drive supply chain digitalisation, and support Hong Kong’s development as a smart logistics hub.

In addition, experts from organisations including Profit Sky International Industrial, ShipAny, Tradelink, Axis Communications and GS1 Hong Kong will share real-life business cases, enabling visitors to gain deeper insights into digital twins, cross-border e-commerce, supply chain visibility and AI applications in logistics.

Promoting Cross-sector Collaboration to Shape the Future of Logistics
The Expo is supported by more than 20 industry organisations, including the Airport Authority Hong Kong, Cathay Cargo, Hong Kong Shippers’ Council, Hong Kong Logistics Association, Chartered Institute of Logistics and Transport in Hong Kong, Cyberport and the Logistics and Supply Chain MultiTech R&D Centre. It serves as an effective platform for industry exchange and business matching, fostering innovative collaboration and industry upgrading.

Admission is free. Logistics practitioners, supply chain professionals, manufacturers, e-commerce businesses, technology solution providers, academics, and members of the public interested in the development of logistics technology are welcome to attend.

Event Details
LogTech Expo 2026
Date: 29 October 2026 (Thursday)
Time: 10:00 am – 5:30 pm
Venue: InnoCentre, 72 Tat Chee Avenue, Kowloon Tong
Admission Fee: Free (Advance registration required)
Register Now: https://campaigns.hkpc.org/zh-hk/tc-rsvp-logtech_expo_2026
Exhibitor List: View Exhibitor List

Hashtag: #HKPC

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

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – Hongkong Land Holdings Limited (“Hongkong Land”) today published Building Value That Lasts: Quantifying the Return on Climate Resilience in Real Estate. The report developed with Marsh puts a financial value on designing buildings for a changing climate. Its case study is Westbund Central, Hongkong Land’s mixed-use waterfront development of approximately 1.7 million sq. m. on Shanghai’s Huangpu River.

The report finds that the development’s resilience measures cut expected storm-surge losses by 84% and rainfall-flood losses by 88% under today’s conditions. Westbund Central’s resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today.

Closing the resilience valuation gap

Climate risk now shapes how real estate is assessed, financed and insured. Almost every climate related disclosure acknowledges the need for adaptation, yet fewer than one in ten puts a number on it. Hongkong Land and Marsh set out to close that gap together by treating resilience as an investment with a measurable return, not a cost to be absorbed.

Resilience pays, and the reductions are large

Working with global leading insurance broker and risk advisor Marsh, Hongkong Land modelled the average annual loss (AAL) at Westbund Central from storm surge, rainfall flooding and wind. AAL is the expected yearly cost of physical damage. The modelling compared climate risks today and in 2050 for buildings with and without resilience measures beyond those required by building codes. It assumed a future in which global greenhouse-gas emissions remain high.

Without the development’s enhanced resilience measures, expected storm-surge losses would more than double and wind losses would more than triple by 2050. The measures reduce expected losses as follows:

• storm-surge losses fall by 84%, both today and in 2050
• rainfall-flood losses fall by 88% today and 79% in 2050
• wind losses fall by 36% today and 31% in 2050

Built for the climate of 2050

Westbund Central was engineered for projected climate conditions in 2050, rather than historical conditions. These measures significantly reduce the impact of increasing climate risk:

• Storm surge: with Westbund Central’s resilience measures in place, average annual losses in 2050 are projected at 0.12%, compared with 0.38% for a building without these measures today.
• Rainfall flooding: with the resilience measures in place, average annual losses in 2050 are projected at 0.05%, compared with 0.19% for a building without these measures today.

Insurers are raising premiums, tightening terms and withdrawing cover from exposed locations. In that market, a lower and more stable loss profile matters.

Westbund Centrals resilience features include:

• 23% more drainage capacity, protecting against a 1-in-100-year rainfall event
• Grade 1 waterproofed basements and the elevation of critical equipment
• A “Sponge City” network of more than 12 features designed to capture and store stormwater, with capacity exceeding 2,000 m³

The figures are conservative. They count physical damage only and exclude extreme heat, the fastest-growing hazard at the site, which the development manages through design and operations.

Michael T. Smith, Group Chief Executive of Hongkong Land, said: “Climate change is a significant force reshaping real estate. At Westbund Central, climate resilience is core to all that we do because we believe resilience and commercial performance reinforce each other. This report shows the return on that investment can be measured today, with tools that already exist. The industry no longer has any excuse not to.”

Stuart Grant, Chief Executive of Westbund Central, said: “A premium destination is a seamless one. Much of the resilience work at Westbund Central is deliberately invisible to the tenants and visitors who use it every day. Its value shows in the disruption that never reaches them. Keeping the precinct open, comfortable and trading regardless of weather conditions is how resilience facilitates commercial performance.”

Michael Li, Chairman and President of Marsh Risk China, said: “Climate risk is now a balance-sheet risk. Westbund Central shows that adaptation pays back through lower loss exposure and stronger access to capital. As a risk orchestrator, Marsh matches protection needs to capital flows, helping clients quantify resilience and close the valuation gap.”

A method for the industry

The report is offered as a method others can apply, not just as an account of one development. It traces how climate risk can be assessed from site selection through to operations and linked to financial outcomes. It calls on the industry to:

• quantify early, at site selection and design, when action is most cost-effective
• bring insurers and lenders in from the start
• build a shared standard so resilience can be benchmarked across assets, as carbon already is

For further details, please see the full report which is available for download [here].

Hashtag: #HongkongLand

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

Westbund Central

Hongkong Land’s Westbund Central is the Group’s largest-ever single investment. Scheduled to complete in phases up until 2028, it is an US$8 billion development encompassing approximately more than 1.7 million sq. m. of prime mixed-use property strategically located at Shanghai’s Xuhui Waterfront. It is a flagship development of Hongkong Land’s prime commercial properties’ CENTRAL Series. The ultra-premium integrated commercial property includes 240,000 sq. m of retail space, 650,000 sq. m. of premium Grade A offices, 160,000 sq. m. of high-end waterfront luxury residences, two hotels (55,000 sq. m.) and over 50,000 sq. m. of cultural and art venues.

Hongkong Land

Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing premium and ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. With over US$50 billion in assets under management, Hongkong Land’s ultra-premium mixed-use real estate footprint spans over 1.97 million sq. m. lettable area in operation and 1.43 million sq. m. lettable area under development, with flagship mixed-use projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. Established in 1889, Hongkong Land takes a long-term view, investing significantly alongside its capital partners and concentrating its portfolio where it can create the most value for tenants, customers and investors. Hongkong Land Holdings Limited has a primary listing on the London Stock Exchange, with secondary listings in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.

Marsh
Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

By Bhasha Singh New defence partnerships are emerging across the world. Their purpose is not merely to strengthen military capabilities but also to reduce dependence on other countries for weapons production and technology. On October 21, Türkiye, Pakistan, Indonesia and Qatar signed the Badr Memorandum of Understanding in Doha, the capital of Qatar. Under this […]

The article From Mecca To Badr: New Defence Alliances And The Questions Facing India appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The partnership pairs LeapThought’s own AI with Google Cloud’s Gemini models and sovereign Cloud offering, giving infrastructure owners control of their data and connected intelligence across the full project and asset lifecycle.

SINGAPORE – Media OutReach Newswire – 23 October 2026 – LeapThought and Google Cloud today announced a strategic partnership to bring sovereign, domain-native AI to the owners and operators of critical building infrastructure, giving them control of their data and sharper decision-making across the full value chain, from delivery through operations.

The partnership has two priorities. The first is value chain integration, which connects everyone involved in delivering and running an asset — owners, operators, developers, consultants, contractors, and suppliers — on one governed platform. The second is security and sovereignty: owners can keep control of their data, within compliant, standardized frameworks that can be repeated from one program to the next.

FULCRUMHQ, LeapThought’s globally recognized Integrated Digital Delivery (IDD) platform, gives infrastructure owners the option to run on Google Cloud, including Google’s sovereign, air-gapped solutions for defense, public sector, and private sector environments requiring high security. At its core is GENIEHQ, LeapThought’s own Industrial AI, embedded directly into the platform and built to reason over the structured and unstructured data that defines a capital program — BIM models, GIS and geospatial data, ERP financials, schedules, contracts, reality capture, telemetry, and data from field robotics and sensors. The partnership pairs GENIEHQ with Google Cloud’s Gemini models, giving owners and their delivery teams natural-language access to that data across a project and a portfolio.

The partnership delivers on these two priorities as follows:

1. Value Chain Integration: One Governed Record, Natural-Language Insight

Major capital and building infrastructure programs span owners, operators, developers, consultants, contractors, and suppliers — each typically working in separate systems, with design, construction, and operational data fragmented across handovers. LeapThought’s FULCRUMHQ platform brings this information together into a single governed record that follows an asset from design through operation, giving owners a consistent view across their portfolio, not just a single project.

By running FULCRUMHQ — and the GENIEHQ Industrial AI embedded within it — on Google Cloud, and integrating LeapThought’s proprietary data architecture with Google’s Gemini models, the partnership enables:

• Interactive Model and Portfolio Querying: Combining GENIEHQ’s deep understanding of project and portfolio data with the multimodal capabilities of Gemini, owners, engineers, project managers, and field teams can ask complex, plain-language questions directly against BIM models and portfolio data — instead of manually clicking through complex 3D CAD/BIM model trees or running predefined filter scripts — such as identifying clash detections, extracting exact material quantities, verifying regulatory code compliance, or surfacing risk trends across a program (e.g., “Show me all fire-rated doors on Level 3 that don’t match the latest spec,” or “Which contractors across our portfolio have the highest rate of non- conforming work this quarter”).
• Global Scale and Reliability: Google Cloud provides the high-performance compute and elastic scalability needed to process compute-intense multi-gigabyte 3D models and point-cloud datasets, across a single project or an entire portfolio, in real time.

2. Security and Sovereignty: Full Control on Google Cloud’s Sovereign Solutions

For critical civil assets, defense installations, public sector agencies, and private sector owners where data cannot traverse the public cloud, LeapThought gives owners the choice to deploy on Google Cloud’s data residency solutions, including Google Cloud Data Boundary, Google Cloud Dedicated, and Google Distributed Cloud. In these environments, GENIEHQ, LeapThought’s Industrial AI embedded within FULCRUMHQ, runs alongside Gemini locally, within the owner’s chosen security boundary, ensuring zero cross-boundary exposure or unauthorized external telemetry.

“The value of an asset now lies as much in the intelligence around it as in its physical form. That intelligence belongs to the owner, and it must be secure, sovereign, and shared across the whole value chain. Demand for this is growing quickly, in Asia and around the world, and that is what brought us and Google Cloud together. We’re starting from Singapore and building toward a standard for critical infrastructure everywhere,” said Ratnakar Garikipati, Founder, Chairman, and CEO of LeapThought.

“Public sector and critical infrastructure agencies manage some of the most intricate engineering and regulatory datasets in the world. The partnership between Google Cloud and LeapThought enables project teams and portfolio owners to quickly surface actionable insights directly from complex BIM models and program data using everyday language. Combined with Google’s sovereign, air-gapped solutions, we’re providing agencies with the option to modernize project workflows while maintaining strict data governance, residency, and operational sovereignty,” said Rahul Sharma, Managing Director, APAC Public Sector, Google Cloud.

Hashtag: #LeapThought

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About LeapThought

LeapThought is a US technology company that builds software connecting people, data, and AI across the infrastructure lifecycle. It is headquartered in Bellevue, Washington, has its Asia headquarters in Singapore, and operates across the United States, Brazil, Singapore, and New Zealand. Its FULCRUMHQ platform and embedded GENIEHQ Industrial AI serve public agencies, developers, consultants, contractors, and universities and institutes of higher learning. Clients include Singapore’s Land Transport Authority, Building and Construction Authority, and JTC. The company was founded and led by Ratnakar Garikipati.

NAF 2026 is designed as an action-oriented platform connecting global investors, industry leaders, and policymakers to advance investment opportunities across strategic sectors. Moving beyond conventional economic dialogue, the forum seeks to translate investment interest into concrete commitments, financing structures, and measurable outcomes.

Pahala Nugraha Mansury, Managing Director of Global Relations & Communications at Danantara Indonesia, emphasized Asia’s growing potential to attract long-term global capital amid shifting economic and geopolitical dynamics.

“Our focus is on encouraging long-term capital to recognize the many investment opportunities across Asian countries, because this is precisely where the center of gravity for growth lies. This will enable growth at scale, anchored by ASEAN and driven by Indonesia as the largest country in ASEAN,” said Pahala.

The Asia-Pacific region currently accounts for nearly 60% of global economic growth. However, long-term international capital allocation to the region remains below its potential, presenting significant opportunities for greater investment collaboration.

NAF 2026 expects to convene more than 1,000 global leaders, feature over 100 speakers, and host more than 40 sessions involving sovereign wealth funds, institutional investors, development finance institutions, multinational corporations, and government representatives. Notable speakers include President Prabowo Subianto of Indonesia; Masayoshi Son, Chairman and CEO of SoftBank Group; Tshering Tobgay, Prime Minister of Bhutan; Kathleen Quirk, Chief Executive Officer of Freeport-McMoRan; Matteo Renzi, former Prime Minister of Italy; and Israfil Mammadov, Chief Executive Officer of the State Oil Fund of the Republic of Azerbaijan.

The forum will follow a two-day structure: Discovery & Diligence on 3 December, focusing on investment opportunities, feasibility, and transaction structures; and Action & Execution on 4 December, advancing capital commitments, strategic partnerships, and implementation milestones.

Eight priority sectors will anchor the discussions: strategic resources and downstreaming; energy and power; advanced mobility and manufacturing; digital infrastructure and AI; food and agribusiness; trade and connectivity; tourism and creative economy; and education and human capital.

As a founding partner, Danantara Indonesia will participate as a co-investor alongside global partners, supporting investment in strategic sectors and reinforcing Indonesia’s role in regional economic transformation.

Through its transaction-focused approach, NAF 2026 aims to deliver preliminary investment agreements, bankable financing structures, and clearly defined implementation milestones. Investment commitments and progress will be tracked across subsequent editions to promote accountability, continuity, and tangible economic impact for Indonesia and the wider region.

Hashtag: #NewAsiaForum2026

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Yesterday (October 21), the FMM issued the 2026 APEC Finance Ministers’ Joint Statement, reaffirming the commitment to building an open, dynamic, resilient, and peaceful Asia-Pacific community by 2040 for the prosperity of all our people and future generations.

Minister of Finance and chair of the 2026 FMM, Lan Fo’an, said that all parties should firmly implement the consensus reached at the APEC Economic Leaders’ Meeting, uphold multilateralism, and deepen practical co-operation in fiscal and financial affairs, with a view to contributing to regional economic and financial stability and long-term sustainable growth.

Earlier, John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Government, welcomed participants to the FMM.

“This is a historic occasion for Hong Kong. The APEC Finance Ministers’ Meeting – part of APEC China 2026 – is taking place in our city for the very first time. We are honoured to support this significant international event, which brings together the member economies of the Asia-Pacific Economic Cooperation, representing some three billion people and accounting for over 60 per cent of global GDP,” Mr Lee said.

“Under the unique ‘one country, two systems’ principle, Hong Kong enjoys both the China advantage and the global advantage. We are the only common law jurisdiction in China, our country, and have a legal and regulatory regime similar to most of the world’s top financial hubs.”

Speaking during the discussion sessions, Paul Chan, Financial Secretary of the HKSAR, said that amid geopolitical tensions and uncertainties over trade policies, Asia-Pacific economies should strengthen co-operation to maintain the smooth flow of trade and investment, while guarding against financial risks and nurturing long-term growth drivers.

He said that Hong Kong would leverage its unique advantages under the “one country, two systems” principle, and make full use of its diverse financing channels and professional services as an international financial centre to serve as a “super connector” and “super value-adder”.

“Regionally, we need open channels for trade and investment, not new barriers. Connected markets allow capital to reach productive uses and technologies be adopted across borders,” Mr Chan said during a plenary session on Global and Regional Economic and Financial Outlook (October 20).

“Our collective task is to safeguard stability while strengthening the foundations for lasting prosperity. Hong Kong, China stands ready to work with fellow economies to seize opportunities, manage risks and support more resilient, sustainable and inclusive growth across the Asia Pacific.”

The Hong Kong Monetary Authority and the APEC Business Advisory Council (ABAC) held two thematic seminars (October 20) on “Fostering a digitalised, inclusive and sustainable supply chain ecosystem through finance” and “Mobilising capital for nature: scaling finance and regional cooperation across APEC” respectively.

In his welcoming remarks at the seminars, Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, said: “In an era of profound economic transformation and evolving global challenges, prosperity will not be secured by any economy acting alone. It will be built through partnership, innovation and resilience. I am therefore delighted that this seminar brings together regulators, business leaders and experts from across the Asia-Pacific region for meaningful exchanges on how we can unlock new opportunities, strengthen financial resilience, and drive sustainable growth for all.”

Following the conclusion of the FMM, Mr Lee and other officials met Mr Lan at Government House to exchange views on economic and financial development of the Chinese Mainland and Hong Kong. Mr Lee expressed his heartfelt gratitude to the country for its trust in and support for Hong Kong, as well as its strong affirmation of Hong Kong’s status as an international financial centre.

During the FMM, a diverse range of tours and visits were arranged for members of delegations from participating economies and international organisations to enjoy the city’s cultural heritage and unique charm as an international metropolis.

The itineraries included visits to the Peak, Hong Kong Museum of Art, Hong Kong Palace Museum, Xiqu Centre, Chinese Culinary Institute and Ocean Park as well as a boat tour to enjoy the renowned views of Victoria Harbour.

Hashtag: #hongkong #brandhongkong #asiasworldcity #APEC #FMM

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