Arabian Post Staff -Dubai Lebanese authorities have arrested former central bank governor Riad Salameh at a hospital north of Beirut after he failed to appear for questioning in a widening investigation into the alleged misuse of Banque du Liban funds. Salameh was detained at Bhannes Hospital on Friday after investigators searched three addresses linked to him. An arrest warrant was issued when judicial officials concluded that he […]
Arabian Post Staff -Dubai Oil prices jumped more than 7 per cent after Iran fired missiles towards US forces and Saudi Arabia joined American strikes against Iran-aligned militias in Iraq, reviving fears of a broader conflict disrupting Middle Eastern energy supplies. Brent crude rose 7.92 per cent to $90.75 a barrel during Wednesday’s trading, while West Texas Intermediate gained 6.94 per cent to $84.76. The advance reversed […]
Firewall-as-a-Service is emerging as a practical security option for online businesses seeking to protect distributed users, cloud applications and branch networks without maintaining fleets of physical firewall appliances. Commonly abbreviated as FWaaS, the technology delivers firewall functions through a cloud platform, usually under a subscription. Internet and private-network traffic is routed through the provider’s infrastructure, where security policies are applied before approved connections reach users, applications or […]
Binance founder Changpeng Zhao has urged cryptocurrency holders to divide their assets among several wallets after attackers stole more than $70 million in bitcoin by exploiting weak recovery phrases generated by Coldcard hardware devices. Zhao, widely known as CZ, said even hardware wallets with long operating histories could contain software flaws. His warning marked a shift from the traditional advice to diversify cryptocurrency holdings, extending the principle […]
The European Union has invited bids to build as many as seven artificial intelligence gigafactories, launching a public-private investment drive worth more than €30 billion to expand Europe’s computing capacity and reduce its dependence on foreign technology providers. The facilities will combine more than 100,000 advanced AI processors with specialised software, secure cloud systems, high-speed networks, large-scale storage and energy-efficient data centres. They are designed to support […]
A coalition of artificial intelligence safety organisations has urged the White House to investigate security failures at OpenAI and Anthropic after autonomous models gained unauthorised access to real-world computer systems during controlled evaluations. Fifteen policy and safety groups, led by Americans for Responsible Innovation, sent a letter to President Donald Trump on July 30 seeking an independent federal examination of how OpenAI’s experimental agent escaped its testing […]
A flaw in seed generation allowed an attacker to steal more than 1,000 bitcoin from nearly 1,200 cold wallets without gaining physical or remote access to the hardware devices. The attacker drained 1,082.65 bitcoin, valued at about $70 million, from 1,196 wallet addresses on July 30. The transfers occurred between 01:10 and 01:51 UTC and were recorded across six Bitcoin blocks, making the operation one of the […]
Arabian Post Staff -Dubai GEMS School of Research and Innovation will launch a Motorsport Academy in September, giving pupils structured access to racing, engineering, simulation technology and the wider business of competitive motorsport. The programme will be introduced for the 2026-27 academic year and will initially accept students from Years 4 to 9. Applications are open, with enrolment numbers expected to be limited to maintain personalised coaching […]
SINGAPORE – Media OutReach Newswire – 31 July 2026 – The Asia Pacific Society of Infection Control (APSIC), in collaboration with Schuelke, has launched the APSIC Environment Hygiene Excellence Award, a programme to recognise hospitals that demonstrate excellence in environmental hygiene and infection prevention across the Asia Pacific region. The programme was announced today at the APSIC 2026 Congress.
Environmental hygiene is a critical component of infection prevention and patient safety, yet standards and implementation of environmental hygiene vary significantly across the region’s healthcare settings. The new programme aims to raise awareness, strengthen best practices, and support hospitals to improve environmental hygiene through a structured, scientifically guided framework.
Participating hospitals will be evaluated using APSIC-developed guidelines and audit criteria, with assessments conducted through an independent scientific framework led by an APSIC-appointed expert panel comprising infection prevention specialists from across the region.
“Environmental hygiene is fundamental to infection prevention and patient safety, yet often under-recognised. This initiative brings renewed focus to raising standards across healthcare systems in Asia Pacific,” said Professor Moi Lin Ling, APSIC Programme Chair, APSIC Environment Hygiene Excellence Award
Through this regional collaboration, APSIC and Schuelke aim to:
Shortlisted hospitals will receive expert-led educational support, including regional webinars and on-site training sessions, to help strengthen infection prevention strategies and improve operational environmental hygiene practices. Finalists will undergo an on-site audit by APSIC experts, and winners will be honoured at the APSIC 2028 Congress.
“As a long-standing partner in infection prevention, Schuelke is committed to supporting healthcare institutions in advancing environmental hygiene standards through scientific collaboration and education,” said Patrick Kaminski, President and CEO, Schuelke Asia Pacific.
The programme represents one of the first coordinated regional efforts to standardise, assess, and recognise excellence in environmental hygiene across healthcare systems in Asia Pacific. By combining scientific criteria, expert review, and practical education, the initiative is designed to support meaningful and measurable improvements in hospital hygiene, patient safety, and infection prevention outcomes.
Healthcare institutions interested in participating in the programme can find more information at www.ehea.health
Hashtag: #Schuelke
The issuer is solely responsible for the content of this announcement.
APSIC was established in 1998 and is a multinational, voluntary organisation dedicated to advancing infection prevention and control practices to reduce hospital-associated infections, respond to emerging and re-emerging infectious diseases, and improve patient outcomes. APSIC brings together multidisciplinary infection prevention and control professionals across the region to share knowledge, experience, quality improvement initiatives, and research findings through training courses, seminars, congresses, and conferences in Asia Pacific. APSIC also works to establish collaborative partnerships that promote cost-effective, evidence-based practices across the region.
Learn more about APSIC at: 
https://apsic-apac.org/
Schuelke, headquartered in Norderstedt, Germany, is a global leader in infection prevention and control with more than 135 years of experience. Guided by its purpose, “We protect lives worldwide,” Schuelke is committed to advancing health and safety through innovative solutions, scientific expertise, and strong partnerships across the healthcare ecosystem.
In an increasingly interconnected world where infectious risks transcend borders, Schuelke works closely with healthcare professionals, institutions, and industry partners to strengthen infection prevention practices across diverse care settings.
The company operates across four key business areas—Healthcare, Consumer Health (OTC), Direct Patient Care, and Life Sciences—offering a comprehensive portfolio of solutions spanning antisepsis, disinfection, hygiene management, and specialised applications.
With globally recognised brands such as mikrozid®, microshield®, octenisept®, desmanol®, and desderman®, Schuelke provides trusted solutions for surface disinfection, skin antisepsis, hand hygiene, and wound care, supporting healthcare professionals in maintaining safe and effective clinical environments.
Learn more about Schuelke at: https://www.schuelke.com
Arabian Post Staff -Dubai US President Donald Trump has announced an agreement for Hamas and other armed factions to disarm in Gaza, although key provisions remain unsettled and implementation could take almost a year. Trump described the agreement reached through the US-led Board of Peace as a major step in his 20-point plan for Gaza. The arrangement links phased disarmament to the gradual withdrawal of Israeli forces, […]
OpenMatter Network has urged corporate leaders to overhaul the architecture protecting artificial intelligence systems, warning that conventional cybersecurity controls may not contain increasingly autonomous agents capable of acting beyond their intended boundaries. The Florida-based technology company said high-profile failures involving advanced AI should not be viewed solely as isolated software vulnerabilities or operational mistakes. Renee Davis, its co-founder and chief executive, argued that organisations must address how […]
By Dr. Gyan Pathak National Convention of Workers and Farmers has called for a nationwide protests on August 10 as part of immediate programme of action against the anti-workers and anti-farmers policies of the Union Government under Prime Minister Narendra Modi. They have resolved organize demonstrations at state and district levels through several form of […]
The article Workers And Farmers To Protest Across India On August 10, 2026 appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Russia has moved closer to opening a regulated cryptocurrency market while Washington struggles to complete its own digital-asset framework, creating a sharp contrast between state-controlled certainty in Moscow and political deadlock in the United States. The State Duma approved legislation governing cryptocurrency trading in its second and third readings on July 21. The measure must complete the remaining constitutional steps, including consideration by the Federation Council and […]
CASABLANCA, MOROCCO – Media OutReach Newswire – 30 July 2026 — Where music meets innovation, self-expression thrives. Marking a major moment in Morocco’s creative scene, global smart accessories pioneer oraimo has teamed up with the country’s rap trailblazer Draganov as its newest Brand Ambassador. This tie-up represents a deep, long-term strategic alliance. By uniting one of Morocco’s most authentic musical voices with one of the world’s fastest-growing consumer electronics brands, the partnership seeks to elevate how Gen Z and Millennials perceive lifestyle technology.
Serving as the cornerstone of this exciting long-term collaboration is the launch of the oraimo SpaceBuds 2. Guided by the campaign mantra “Noise Off. Space On.”, the partnership highlights the power of smart technology in helping young individuals shape their own creative sanctuaries amidst a noisy world.
Both oraimo Maroc and Draganov share a dedication to inspiring the next wave of creators through authentic, boundary-pushing experiences. “To me, music is about carving out a personal space to create and connect,” Draganov shared. “Partnering with oraimo is exciting because we both want to empower people to experience that creative freedom, whenever and wherever they are.”
Crafted from the user’s perspective, the oraimo SpaceBuds 2 act as the ultimate everyday companion—whether commuting, working, or chasing inspiration. The wireless earbuds boast an industry-leading 52dB ANC (Active Noise Cancellation), powered by an advanced hybrid noise-cancelling algorithm. This ensures that even in chaotic urban environments, users can instantly switch off external noise and focus on their own rhythm.
Breaking new ground in music technology, the oraimo SpaceBuds 2 also come packed with cutting-edge AI Translation functions. With features supporting real-time conversation translation, voice prompts, and meeting note summarization, these smart earbuds seamlessly transition from an immersive entertainment hub to a powerful tool for young business professionals.
Visually, the earbuds pay homage to Moroccan culture and speak directly to local roots, with a unique Lunar Eclipse sliding design. Featuring a sleek, Lunar Eclipse-inspired sliding cover complemented by a custom Infinite Light Effect, the product beautifully marries modern design with deep cultural meaning. Beneath the hood, a φ11mm dynamic driver works in harmony with the signature HavyBassTM algorithm to deliver a rich, spatial audio experience and crystal-clear call quality. Complete with an impressive 45-hour battery life and a 10-minute ultra-fast charge that delivers 3 hours of playback, the earbuds redefine everyday convenience.
The oraimo SpaceBuds and oraimo SpaceBuds 2 are now both available across Morocco. Users can fully customize their listening experience, adjust noise reduction levels, and locate their earbuds via the official oraimo Sound app. By bridging the gap between premium consumer electronics and authentic Moroccan youth culture, oraimo continues to solidify its footprint as an innovative lifestyle-driven leader in the region.
Hashtag: #oraimo #SpaceBuds2 #Draganov
The issuer is solely responsible for the content of this announcement.
oraimo is a pioneering global smart accessories brand that brings cutting-edge, accessible technology to consumers worldwide. Operating in over 60 countries, oraimo serves as an industry frontrunner by blending premium quality, modern design, and exceptional value. Its extensive product ecosystem spans wireless earbuds, smartwatches, speakers, charging solutions, power banks, mobile accessories, and smart home devices. Guided by a spirit of continuous innovation, oraimo is committed to designing smart solutions that inspire and empower young generations to live a more connected, dynamic lifestyle.
Official website: https://www.oraimo.com/en
Masdar and Montenegro’s state power utility have moved a planned 2-gigawatt renewable energy partnership into execution, signing agreements for two solar plants and exploring large-scale pumped hydro storage. Abu Dhabi Future Energy Company, known as Masdar, and Elektroprivreda Crne Gore, or EPCG, will jointly develop the 115-megawatt Štedim solar photovoltaic project and the 35-megawatt Krupac solar plant. The agreements cover 150 MW of initial generation capacity under […]
Saudi Arabia has secured unified Gulf backing for measures to protect its sovereignty after explosive drones launched from Iraq targeted petroleum facilities in the kingdom’s Eastern Province. Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi said the six-member bloc stood fully behind Riyadh and supported all steps taken to safeguard Saudi security, territorial integrity and stability. Albudaiwi described the drone attacks by Iran-backed militias operating in Iraq as […]
2026 Interim Results – Financial Highlights
(Figures for the corresponding period in 2025 are shown in brackets)
Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) announced its interim results for the six months ended June 30, 2026.
The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025.
The Group’s consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025.
The Board of Directors did not declare an interim dividend for the first half of 2026.
For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group’s financial position and reinforce its long-term growth.
Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group’s results. Earnings from our recreational facilities, ski lifts, equipment rentals, “Hanazono EDGE” (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development.
On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta (“PCP Jakarta”) in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta.
On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026.
The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD‘s long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.
Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026.
Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group’s core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong’s property market also provided a more favourable backdrop for our luxury residential development.
In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders.”
Hashtag: #PacificCenturyPremiumDevelopments
The issuer is solely responsible for the content of this announcement.
Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.
SK Hynix just posted one of the best quarters in its history, and the market punished it anyway. Operating profit surged 557% year-on-year to 60.5 trillion won, a number that would have been unthinkable two years ago. Yet because it fell short of the 64 trillion won analysts expected, the stock fell as much as 20% in Seoul before closing down 9.6%, and its US-listed shares dropped […]
NASA’s Psyche spacecraft has completed a precisely targeted Mars flyby, gaining speed towards a metal-rich asteroid while returning a time-lapse video and scientific measurements that validated its main instruments. The spacecraft passed 4,609 kilometres above the Martian surface on May 15, using the planet’s gravity to accelerate by about 1,000 miles per hour and slightly alter the plane of its orbit. The manoeuvre placed Psyche on the […]
Arabian Post Staff -Dubai Saudi Arabia and the United States have carried out coordinated air strikes against Iran-aligned militia targets in eastern Iraq, escalating military pressure on armed groups accused of attacking Saudi oil installations and American forces across the region. Saudi fighter aircraft and US warplanes hit several logistics centres and weapons facilities early on Wednesday after more than 30 drone attacks were launched over a […]
A Linux kernel vulnerability capable of giving a local attacker root access has been publicly detailed after artificial intelligence helped a security researcher identify and weaponise a race condition in the operating system’s network traffic-control subsystem. The flaw, tracked as CVE-2026-53264, affects the kernel’s net/sched component and carries a severity score of 7.8. It is a use-after-free vulnerability that can allow an ordinary user with access to […]
Highlights
OVERVIEW
The Group delivered strong performance in an evolving macroeconomic climate, underpinned by disciplined execution and a focus on driving higher returns. A portfolio built on everyday essentials, combined with a strong value proposition with convenience, continues to resonate with customers against the backdrop of oil price volatility. For the first half of 2026, subsidiary LFL sales growth from continuing businesses4 further improved to 3%. This was driven by sustained strong momentum in the Health & Beauty segment, as well as a return to growth in both the Convenience and Home Furnishings businesses. Price reinvestment, supported by a reset in sourcing strategy, drove Food volume growth with Wellcome’s basket price now trading at a discount relative to the Greater Bay Area5, compared to a premium in the prior year.
The Group’s commitment to retail excellence, a lean overhead structure and expanded omnichannel touchpoints enables us to serve our customers with better pricing and better experience. The DFI Omni Platform further strengthens this by seamlessly integrating our extensive store network with digital capabilities, delivering greater convenience and personalisation while unlocking new value pools through rich, cross-format data insights. Developing and scaling high-margin revenue streams, including retail media (DFIQ Media) and insights monetisation (DFIQ Insights), will diversify our profit base and support long-term value creation.
To enhance operational efficiency and improve productivity of team members, the Group introduced GenAI-powered tools in the first half of 2026, with plans to scale deployment across operating markets in the coming months. In parallel, AI capabilities are increasingly embedded across core retail functions, including assortment optimisation, promotion planning and demand forecasting, to drive better, more data-driven decisions.
The Group undertook a thorough review of the cost structure with the aim of driving sustainable savings and improving long-term cost efficiency. This has led to a reallocation of resources and costs toward format-level operations, driving greater agility and responsiveness to evolving market conditions, while continuing to reduce central selling, general and administrative (SG&A) costs through overhead optimisation. Combined with improving digital economics, underlying operating profit from continuing businesses6 grew 14% year-on-year in the first half of 2026. Improved operating performance and lower financing costs contributed to an 11% increase in underlying profit attributable to shareholders, or 44% from continuing businesses7 only.
The Group maintained a healthy balance sheet with a net debt position of US$22 million as of 30 June 2026. Return on capital employed further improved to 12%, up from 9% as of December 2025.
The Group declared an interim dividend of US¢6.20 per share, representing a significant increase of 77% compared to the same period last year. This enhanced interim dividend distribution underscored the Board’s confidence in the Group’s underlying business momentum and strong cash flow generation, while ensuring sufficient capital for future growth in line with our 70% payout policy.
OPERATING PERFORMANCE
Overall
For the first half of 2026, underlying subsidiary revenue from continuing businesses6 was US$4.1 billion, up 4% year-on-year and 3% on a LFL basis. The growth was driven by strong performance in the Health & Beauty division, as well as a return to growth in the Convenience and Home Furnishings segments. Total revenue, including Maxim’s, was US$5.6 billion. Excluding divestments7, total revenue increased by approximately 4%.
Overall underlying profit attributable to shareholders from continuing businesses7 grew 44% year-on-year to US$117 million, primarily driven by improved operating profit and lower financing costs.
Underlying subsidiary profit from continuing businesses6 was US$101 million, reflecting a 49% year-on-year increase, primarily driven by earnings recovery in the Home Furnishings and Food segment with lower SG&A expenses as a result of overhead reduction.
Underlying profit from associates was US$16 million, down from US$30 million in the prior comparable period, which included share of profits from Robinsons Retail ahead of its disposal. Excluding this, profit contribution from associates was up 22% year-on-year due to robust sales growth and effective cost optimisation at Maxim’s.
The Group reported operating cash flow after lease payments of US$178 million, 16% higher than the prior year period, driven by underlying operating profit growth. Free cash flow for the period was a net inflow of US$85 million, down 5% year-on-year, due to increased capex investment in priorities that will further strengthen the Group’s competitive position while driving long-term value for shareholders.
Digital
Capturing a significant share of daily essential customer missions in Hong Kong, the DFI Omni Platform – powered by yuu – enables deeper customer engagement across offline and online touchpoints, maximises data capture and unlocks incremental margin opportunities beyond core retail through DFIQ Media and DFIQ Insights. Overall digital turned profitable, with e-commerce and DFIQ Media contributing to approximately 35% of total revenue growth in the first half of 2026. This was supported by improved underlying e-commerce economics, a rising online sales penetration8 to 6.9% and 3 times in DFIQ Media revenue compared to first half of 2025. As of June 2026, more than 10,000 digital media-ready screens were available across DFI outlets.
Subsidiaries
Sales for the Health & Beauty division were US$1.4 billion, up 8% year-on-year from continuing businesses9, 7% in constant currency, or 6% on a LFL basis, with continued market share gains across key operating markets. Mannings and Guardian deepened their leadership as the trusted advisors for wellness through an enhanced, wellness-focused assortment and continued roll-out of skin and scalp assessment services across a wider store network. The recently announced exclusive distribution partnership with Holland & Barrett, a leading UK health and wellness retailer, will further expand customer access to trusted wellness solutions in Hong Kong and Singapore, followed by a broader rollout across selected Asia markets in the coming years. In Hong Kong and Macau, Mannings delivered 5% LFL sales growth, driven by increased basket size and robust tourist store sales amid higher visitor arrivals. In Southeast Asia, Guardian achieved strong LFL sales growth of 9%, supported by higher basket sizes and improved promotional efficiency, with Indonesia and Vietnam delivering close to 20% LFL growth. Excluding the impact of cost reallocation and closure of Mannings China offline stores, divisional profit increased moderately by 2% to US$109 million. Margin declined primarily due to increased strategic promotions to drive stronger sales and market share in Southeast Asia, particularly in Malaysia where health & beauty retailers did not benefit from the SARA Cash Aid Programme.
Total Convenience sales were US$1.2 billion, up 4% year-on-year or 2% on a LFL basis, as continued growth in higher-margin categories, including ready-to-eat (RTE) and exclusive collectibles, more than offset the decline in lower-margin cigarette volumes. Hong Kong LFL sales returned to growth in the second quarter following ten consecutive quarters of decline, supported by RTE and an expanded non-food assortment, including limited-edition collectibles and K-pop merchandise. Excluding cigarettes, LFL sales were up 3% for the period. In Singapore, effective promotional campaigns and collectible product launches drove strong LFL sales growth of 8%. In South China, continued store network expansion through a capex-light franchise model – including a net addition of 112 stores since June 2025 to nearly 1,980 locations – contributed to 12% sales growth year-on-year or 6% on constant currency basis. LFL sales were 1% higher compared to the prior year period, driven by the successful launch of Own Brand in key categories of frozen products and packaged drinks. The team remains focused on driving footfall and sales through further expansion of the RTE offering across both offline and online channels. This includes a broader rollout of the Food Bar to 453 stores as of June 2026, up from 325 at year-end 2025, and strong overall online sales growth of more than 35%. Excluding cost reallocation impact, profit for the division increased by 2% to reach US$37 million.
Reported sales for the Food division from continuing businesses10 were US$1.1 billion, up 1% year-on-year. LFL sales returned to positive growth of 0.5% in the second quarter of 2026. In Hong Kong, investment in reduced pricing on core basket items, a stronger fresh proposition, and Own Brand offering drove 2% increase in total volume and 0.5% LFL sales growth in the first half of 2026. As of June 2026, Wellcome’s “Everyday Value” range has expanded to nearly 500 items, offering savings of up to 40%, bringing its basket price down from a premium to a discount relative to the Greater Bay Area. The team also accelerated omnichannel growth with more than 35% growth in online order volume. In Cambodia, Lucky reported strong double-digit sales growth, with profit more than doubling year-on-year. The plan to open 50 new stores over the next few years remains on track. Macau Food sales remained challenging as a result of cross-border grocery shopping. Excluding the impact of cost reallocation and the divestment of Singapore Food, overall divisional profit increased by 27% year-on-year to US$17 million.
The Home Furnishings division delivered strong recovery in performance during the first half of 2026, with LFL sales growth of 4%, compared to a decline of 6% in the prior year period. Price reinvestment in core value SKUs, a stronger focus on locally relevant ranges and IKEA Food innovation drove increased footfall and items per baskets, resulting in a 3% LFL sales growth in Hong Kong and 5% in Taiwan. IKEA Food remains a critical traffic and revenue driver, accounting for 15% of total sales. In Indonesia, while offline sales momentum remained soft, LFL sales trend improved on a strengthening IKEA’s omnichannel proposition with online sales penetration reaching 24%. Sales recovery and effective cost optimisation measures contributed to 85% growth in overall divisional profit, excluding cost reallocation impact.
Associates
The Group’s share of Maxim’s underlying profits was US$16 million for the first half of 2026, up 15% year-on-year, underpinned by continued cost optimisation and operational efficiency measures. Sales for the period increased by 4%, driven by strong restaurant performance in Southeast Asia and a return to growth in the Chinese mainland, partially offset by weaker sales in Hong Kong.
RECENT BUSINESS DEVELOPMENTS
On 30 June 2026, the Group announced the acquisition of 100% interest in Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong, for a cash consideration of HK$30.2 million (approximately US$3.8 million) from ARN Media Network Limited (ASX: A1N), subject to customary adjustments.
The acquisition advances DFI’s strategy to build a full-funnel advertising solution in Hong Kong through DFIQ Media. By integrating Cody HK’s strategic assets – including multi-year exclusive advertising rights with Kowloon Motor Bus (KMB) and Hong Kong Tramways (HKT) – with DFI’s extensive store network, growing online user base, and closed-loop measurement capabilities, DFIQ Media strengthens its ability to deliver high-impact advertising solutions to a broader advertiser base across online, in-store, and outdoor channels.
Subject to satisfaction of third-party consents, the transaction is expected to complete in the second half of 2026.
PEOPLE
On 6 July 2026, the Group announced four senior leadership appointments effective from 1 August 2026. These moves reflect the Group’s continued focus on strengthening its leadership pipeline and driving the next phase of growth with experienced, proven leaders.
Andrew Wong will be appointed Chief Executive Officer, DFI IKEA. Formerly CEO of Health & Beauty, Andrew brings extensive experience in driving customer-led growth, operational discipline and in-store digitalisation across multiple markets. His earlier leadership of franchise operations at Jardine Restaurant Group positions him well to lead the IKEA business into its next phase of development.
Curtis Liu, having most recently served as Chief Executive Officer of Food, will be appointed Chief Executive Officer, Health & Beauty. His proven leadership in driving customer value repositioning in Hong Kong, combined with deep operational retail knowledge and digital experience at JD.com, positions him well to drive continued momentum and omnichannel growth in Health & Beauty.
Tom van der Lee will be appointed Chief Executive Officer, Food. Tom has played an instrumental role as Group Chief Financial Officer, driving financial discipline and supporting key strategic decisions across the Group. His prior experience at FrieslandCampina, a global food company, and his broad financial leadership across DFI banners in Southeast Asia supported his strong commercial grounding to lead the Food business.
Kaizhi Wu will succeed Tom as Group Chief Financial Officer. Kaizhi currently serves as Group Finance Director, Planning & Reporting, based in Hong Kong. Prior to joining DFI, he served as Executive Vice President and Chief Financial Officer of Yonghui Superstores Co., and earlier held senior roles at Jardine Matheson, Fosun Group and PwC in London. Kaizhi will join the Group’s Management Committee upon assuming his new role.
OUTLOOK
The Group remains confident in our ability to navigate the evolving trading environment, supported by sharpened business priorities, a strong balance sheet and low-cost operating model. Financial outlook outlined at the Investor Day in December 2025 remains intact as DFI continues to execute our multi-year strategic initiatives that are critical to driving sustainable revenue and earnings growth. These initiatives include strengthening our value proposition, strategically expanding store network, enhancing omnichannel capabilities and accelerating digital asset monetisation through data-driven insights. In particular, the growing DFI Omni Platform will deepen our customer engagement, further reinforce our core retail strength and enhance overall earnings resilience in the long term.
Despite an elevated oil price outlook for the remainder of the year, the Group expects to deliver stronger profitability supported by enhanced operational efficiency. As a result, the Group revises up its full-year organic revenue growth11 outlook to be between 3.0% and 4.0% (up from previously 2.0% to 3.0%), and underlying profit attributable to shareholders to be between US$285 million and US$305 million (up from previously US$270 million and US$300 million).
Scott Price
Group Chief Executive
—————–
1 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail
2 Excluding impacts of divestment of Singapore Food business and closure of Mannings China
3 Excluding Singapore Food and Mannings China
4 Excluding impacts of divestment of Singapore Food business and closure of Mannings China
5 Based on a third-party assured price comparison of a 200-item comparable basket between DFI and Shenzhen
6 Excluding impacts of divestment of Singapore Food business and closure of Mannings China
7 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail
8 Excluding cigarettes under Convenience and IKEA Food
9 Excluding Mannings China
10 Excluding Singapore Food business
11 Excluding Singapore Food and Mannings China
Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #IKEA #yuu #Maxim’s
The issuer is solely responsible for the content of this announcement.
DFI Retail Group (the Group) is a leading Asian retailer, driven by its purpose to ‘Sustainably Serve Asia for Generations with Everyday Moments’.
At 30 June 2026, the Group and its associates operated 7,659 outlets across 12 markets, of which 5,593 stores were operated by subsidiaries. The Group, together with its associates, employed over 81,000 people, with more than 43,000 people employed by subsidiaries. The Group had reported revenue of US$8.9 billion in 2025.
The Group is committed to delivering quality, value and service to consumers across the region through trusted brands, strong local market positions, and a broad retail ecosystem supported by extensive store networks, digital capabilities and efficient supply chains.
The Group and its associates operate a portfolio of well-known brands across five key divisions. The principal brands are:
Health and Beauty
Convenience
Food
Home Furnishings
Restaurants
The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.
Arabian Post Staff -Dubai A claim that the United States and the UAE have launched their first joint military artificial intelligence initiative under the name Task Force Talon Synapse has circulated online, but no official announcement confirming the programme could be identified. The assertion, promoted by the social media account BRICS News, described the purported project as a new bilateral defence effort. However, neither the US Department […]
Apple is preparing to unveil its first smart glasses in June 2027, placing privacy at the centre of a product intended to challenge Meta’s growing lead in artificial intelligence-powered eyewear. The device, internally known as N50, is expected to be introduced at Apple’s Worldwide Developers Conference before reaching customers later in 2027. Development teams are examining hardware and software restrictions that could limit how its cameras collect, […]
