Arabian Post Staff -Dubai Abu Dhabi National Oil Company will award Dh200 billion worth of project contracts between 2026 and 2028, marking one of the largest new execution phases in the Gulf energy sector as Abu Dhabi moves to expand capacity, secure supply chains and deepen local manufacturing. The planned awards, equivalent to about $55 billion, form the first major tranche of ADNOC’s $150 billion capital expenditure […]
Palo Alto Networks has agreed to acquire Portkey, a Bengaluru-founded AI infrastructure startup, as the cybersecurity group pushes further into securing autonomous software agents now moving from pilot projects into business-critical systems. The Santa Clara-based company said the deal is expected to close in its fourth quarter of fiscal 2026, subject to customary conditions. Financial terms were not disclosed, though market estimates place Portkey’s potential valuation at […]
NEW DELHI, INDIA – Media OutReach Newswire – 3 May 2026 – The Indo-Pacific region continues to be the focal point of global growth dynamics and strategic competition, and relations between Vietnam and India are facing new opportunities to develop in a deeper, more substantive, and more sustainable manner. Building on the Comprehensive Strategic Partnership established in 2016, cooperation in the fields of economy, science and technology, and environment has increasingly been identified by both sides as key pillars.
In 2024, the two sides adopted an Action Plan to implement the Comprehensive Strategic Partnership for the 2024-2028 period. This document not only consolidates traditional areas of cooperation but also expands into new domains such as science and technology, innovation, digital transformation, energy and sustainable development.
Economy continues to be a bright spot in bilateral cooperation
Over the past decade, Vietnam-India economic cooperation has recorded significant positive developments. Bilateral trade turnover has maintained steady growth, increasing from over USD 14 billion in 2023 to nearly USD 16.5 billion in 2025, reflecting the increasingly close integration between the two dynamic Asian economies.
The structure of two-way trade has increasingly demonstrated complementarity. Vietnam has strengthened its exports of electronics, machinery, processed agricultural products, wood, and seafood, while India serves as an important supplier of steel, pharmaceuticals, chemicals, and textiles to Vietnam.
Amid the ongoing restructuring of global supply chains, both Vietnam and India are intensifying efforts to diversify their partners and reduce dependency risks. This creates significant room for the two countries to promote supply chain linkages in areas such as processing and manufacturing industries, supporting industries, logistics, and high-tech agriculture. Vietnam, with its strategic location in Southeast Asia, can serve as a gateway for Indian enterprises to expand their presence deeper into ASEAN, while India represents a vast market with rapidly increasing consumer demand.
Science and technology: a new driver for deeper cooperation
Scientific and technological cooperation has seen remarkable development recently, gradually shifting from exchanges to more substantive collaboration, tied to specific products and developmental needs. Priority areas of cooperation include information technology, biotechnology, clean energy, and digital transformation.
Several representative projects, such as the Satellite Data Receiving Station and Satellite Image Processing Center, the Vietnam-India Nuclear Science Center (Da Lat), the Army Software Park (Nha Trang), and the Center of Excellence in Software Development and Training (CESDT), have been contributing to enhancing Vietnam’s technological capacity. Notably, the Indian Technical and Economic Cooperation (ITEC) program continues to be an effective channel for human resource training, helping Vietnamese officials and experts access modern management knowledge and experience.
Against the backdrop of the vigorous Fourth Industrial Revolution, the potential for cooperation between the two countries remains vast. The two sides can expand their cooperation into emerging areas such as Artificial Intelligence, semiconductors, cybersecurity, fintech, and biotechnology, aiming for the goals of co-development and co-innovation.
Environmental cooperation and sustainable development are gradually expanding
In the context of increasingly complex climate change, environmental cooperation between Vietnam and India is becoming an important component of the bilateral agenda. Areas such as renewable energy, water resource management, circular economy, and disaster-resilient infrastructure are receiving growing attention and promotion from both sides.
Cooperation agreements in marine science, along with Quick Impact Projects (QIPs) supporting communities, such as clean water supply, drought mitigation, and saline intrusion prevention in the Mekong Delta, have delivered practical results. Vietnam’s participation in the Coalition for Disaster Resilient Infrastructure (CDRI), initiated by India, also opens up opportunities to strengthen cooperation in sustainable infrastructure and climate change adaptation.
In the coming period, areas encompassing solar energy, energy storage, waste management, marine pollution monitoring, and early warning systems for natural disasters are considered promising directions for cooperation.
Prospects for cooperation
The prospects for cooperation in the coming period are assessed as positive. With the economic and scientific-technological complementarity, along with strong political will from both sides, Vietnam-India relations have many favorable conditions to grow more strongly, particularly in areas such as the digital economy, green economy, innovation.
Orientations for promoting cooperation in the coming period
With a foundation of excellent relations and significant room for cooperation, the two countries have the basis to elevate the Comprehensive Strategic Partnership to a new height, making it increasingly substantive and effective in the new phase, particularly in the context of the two countries heading towards new high-level engagements with the state visit of General Secretary and President To Lam to India in May 2026.
To effectively capitalize on opportunities, both sides need to continue maintaining high-level exchanges, intergovernmental mechanisms and specialized dialogues, and further translate strategic commitments into cooperation programs and projects with clear roadmaps and resources.
In the economic field, efforts should be intensified to remove trade barriers, improve logistics connectivity, and promote the review and upgrading of the ASEAN – India Trade in Goods Agreement (AITIGA); strengthen the development of large-scale investment projects in priority areas such as pharmaceuticals, the marine economy, renewable energy, and supporting industries.
In the field of science and technology, establishing joint research cooperation mechanisms, strengthening linkages between research institutes, universities, enterprises, as well as promoting expert exchanges, technology transfer, and human resource training will play an important role.
In the environmental field, efforts should be directed toward building a comprehensive green cooperation framework, focusing on water management, marine science, plastic pollution reduction, clean energy, and disaster-resilient infrastructure, while also effectively leveraging regional initiatives such as the CDRI.
Hashtag: #MAE
The issuer is solely responsible for the content of this announcement.
Matein Khalid As the world’s leading trading power, China’s vast export engine fuelled a $1.2 trillion current account surplus in 2025. At the same time, it is the largest importer of crude oil globally, with around 40 percent sourced from the Middle East. This exposure gives Beijing a clear stake in Gulf stability – prioritising secure maritime transit through energy chokepoints and uninterrupted access to the GCC’s trillion-dollar development […]
BANGKOK, THAILAND – Media OutReach Newswire – 1 May 2026 – Prof. Dr. Yodchanan Wongsawat, Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation (MHESI), led the National Innovation Agency (Public Organization) or NIA, along with Thai Union Group PCL, Mahidol University, and leading corporate partners including Thai Beverage PLC, Nestlé (Thai) Ltd., and new partner Foodland Ventures from Taiwan, to launch “SPACE-F Year 7”. This is Thailand’s first global foodtech startup incubator and accelerator program, continuing the success of solving food industry challenges through sustainable innovation.
SPACE-F Batch 7
Prof. Dr. Yodchanan spoke about elevating “SPACE-F Batch 7” to the policy level and building awareness, stating that MHESI aims to present food innovation products from the startups in this batch at the upcoming Cabinet meeting. This will allow the Prime Minister to taste them, raising awareness that FoodTech is the nation’s new future. The products will be presented to the Cabinet in the next two weeks.
Regarding the core concept of combining technology with “Thai taste,” Prof. Dr. Yodchanan emphasized that no matter how advanced the technology is, it must maintain the “Nice taste of Thailand.” He cited a “high-tech omelet” he previously tasted as an example, noting that there is still room for improvement to make it taste closer to an authentic Thai omelet so that the technology can truly win over consumers’ hearts.
The MHESI Minister continued that regarding food innovation under the Wellness Economy, this year focuses on using the Wellness Economy as a New Growth Engine. This is not limited strictly to food but includes AI, ICT, and software, aiming to push Thailand into a global Wellness Tourism Hub with support from the BOI in connecting investment opportunities.
Prof. Dr. Yodchanan further stated that regarding the use of biodiversity and quality ingredients (Biodiversity & GI), startups will be encouraged to utilize Thailand’s rich biodiversity and GI products as substitutes for imported raw materials. This will help reduce costs and create a unique identity.
“As for connecting the ‘Thinker’ with the ‘Doer,’ this program emphasizes linking startups with large industrial corporations and investors. This helps startups in the Accelerator group advance toward Series A or B funding, while helping the Incubator group learn business and pitching experiences from their seniors to cross the business ‘Death Valley.’ Furthermore, regarding food and nutrition security in the era of war: in the current global conditions facing wartime situations, Food Security and Nutrition Security are vital. This program is an opportunity for startups to create innovations that help solve problems for the whole world, with the government working closely with SPACE-F to create new services and products,” the MHESI Minister said.
However, “SPACE-F Batch 7” features 20 participating startups from 10 countries, focusing on the Proof of Concept (POC) strategy to ensure they can tangibly grow toward commercialization on an international scale.
Dr. Krithpaka Boonfueng, Executive Director of the National Innovation Agency (NIA), stated that NIA aims to strengthen the potential of startups and innovative entrepreneurs to overcome business crises and grow commercially in a tangible way. Over the past 6 years, the SPACE-F program has concretely reinforced its role as a regional food innovation hub by incubating and accelerating over 100 startups from 18 countries worldwide, generating a total funding value of over 5.1 billion THB. For the SPACE-F Year 7 program, it marks another major milestone of leapfrog growth, setting a new international record with an all-time high of 204 applicants, continuously increasing from 156 in Cohort 6 and 148 in Cohort 2, reflecting the confidence of global startups in the program’s potential. Concurrently, the program has significantly expanded its international reach, with applicants from 57 countries worldwide, up from 34 countries in the previous cohort, affirming that SPACE-F is a truly global platform connecting and driving world food innovation.
“The SPACE-F program is considered a vital mechanism in driving the development of a strong and comprehensive foodtech startup ecosystem by systematically connecting knowledge, technology, and the industrial sector together. Particularly, it provides opportunities for startups to co-develop and test real products (Proof of Concept: POC) with large corporate partners, as well as access expert networks and world-class infrastructure. This includes testing protein innovations focused on appearance, freshness, and taste with Thai Union; developing modern health and nutrition solutions with ThaiBev and Nestlé; utilizing deep-tech research laboratories from Mahidol University; and enhancing fundraising capabilities from Foodland Ventures, which plays a crucial role in reducing business risks and effectively increasing the chances of commercialization. For SPACE-F Year 7, it aims to elevate startup development through 2 main programs: the Incubator Program, which focuses on laying business foundations and developing prototypes into market-ready products, and the Accelerator Program, which focuses on accelerating business expansion through connections with strategic partners and investors. This covers 7 key areas of the food industry: 1) Personalized Nutrition, 2) Future Protein, 3) Circular Food Systems, 4) Smart Manufacturing, 5) Sustainable Production, 6) Food Safety, and 7) Novel Consumer Experience, to build high-potential startups capable of developing quality new products that directly meet market demands, ready to compete and grow sustainably on the global stage.”
Ms. Sirichit Jiraruangkiat, Senior Director – Group Innovation at Thai Union Group PCL, revealed, “As a co-founding partner of the SPACE-F program, Thai Union Group PCL continues to drive the development of Thailand’s foodtech startup ecosystem. We aim to support breakthrough growth by promoting the development and testing of innovations at the industrial level, particularly through the Proof of Concept (POC) process, to elevate the standards of future protein products to compete internationally. Thai Union prioritizes the application of modern food production and preservation technologies, covering everything from maintaining product quality and freshness and developing appealing appearances to sensory research to create textures and flavors that effectively meet the demands of global consumers. Simultaneously, the SPACE-F program remains committed to a ‘No Equity Taken’ approach, allowing startups to retain full ownership of their innovations, maintain business agility, and grow independently and sustainably in the long term.”
Assoc. Prof. Dr. Pasit Pakawatpanurut, Deputy Dean for Research and Innovation, Faculty of Science, Mahidol University, further added, “With expertise in food science, nutrition, biotechnology, and related fields, Mahidol University serves as an academic powerhouse and innovation infrastructure, providing startups with access to advanced laboratories, pilot plants, and modern research equipment. They also receive in-depth consultation from a team of expert researchers to successfully transition research into products that truly meet global market demands (Lab-to-Market). This collaboration is therefore a key mechanism in driving sustainable food innovation and enhancing Thailand’s competitiveness as a global foodtech hub. Mahidol University’s involvement in the SPACE-F program also plays a vital role in strengthening the country’s foodtech startup ecosystem in the long run.”
In addition, another key partner is Thai Beverage Public Company Limited, which places great importance on continuous research and development, believing it to be essential for startups. As a sponsor of the SPACE-F program, they are pleased to be part of an ecosystem that enhances the potential of foodtech startups and provides business and technological guidance to help startups discover solutions that truly meet the needs of the global food market.
Ms. Jenica Conde Cruz, Business Manager – Cereal Partners Worldwide & Incubator at Nestlé (Thai) Ltd., also stated, “Nestlé, a global leader in food and beverages, plays a vital role as a strategic partner of the SPACE-F program. We aim to elevate foodtech startups through the transfer of Research & Development (R&D) knowledge and product development experience under the ‘Good food, Good life’ concept. Nestlé also provides in-depth consultation to support the development of products that meet Nutrition, Health, and Wellness needs, while promoting the use of innovation to tackle global food industry challenges. In parallel, Nestlé also drives the development of innovations that align with sustainability goals by opening opportunities for startups to learn together with experts from our global research center network, in areas of food preservation technology, eco-friendly packaging, and responsible sourcing.”
Victor Chen, CEO of Foodland Ventures Co. closed with, “Foodland Ventures, a leading Venture Capital firm and Accelerator from Taiwan, has joined as a strategic partner in the SPACE-F program to push foodtech startups to expand their businesses into international markets. We aim to act as a bridge connecting innovation from Taiwan with food industry networks in Thailand and Southeast Asia. With expertise in key technologies such as Restaurant Automation, Alternative Protein, and Smart Supply Chain, Foodland Ventures is ready to support startups through access to the Taiwanese market and resources, providing investment and business strategy consultation, and connecting them with the industrial sector to test solutions in real-world environments. This collaboration marks a significant step in building a ‘FoodTech Corridor’ between Thailand and Taiwan to elevate startup potential and drive the food industry toward a sustainable global future.”
The “SPACE-F Year 7” program also introduced 20 startups from 10 countries worldwide: South Korea, Spain, Canada, USA/Argentina, Australia, Singapore, UK, Saudi Arabia, Taiwan, and Thailand, selected for this year’s program. All will have the opportunity to co-develop and test real innovations with leading industry partners, covering product development, industrial-level testing, and commercialization in the real market
Such collaboration is a key highlight of the program, providing startups the opportunity to test technology and innovations in real-world environments, reducing development limitations, and increasing the chances of creating business models that accurately meet market demands.
10 FoodTech Startups Joining the Accelerator Program
Terra Bioindustries Inc (Canada): Upcycles agricultural and food industry waste into high-value ingredients such as sugar, protein, and fiber for use in the food, biotech, and chemical industries.
Nucaps (Spain): Develops functional protein ingredients using microencapsulation technology to wrap active substances and probiotics, enhancing nutritional value, reducing costs, and improving taste to effectively promote consumer health.
BeNatureBioLab (South Korea): Develops functional ingredients using nano and microencapsulation technology from natural proteins to wrap active substances and probiotics, increasing the stability, absorption, and efficiency of substances in food, supplements, and health products.
Kinava (South Korea): Converts food waste into biofertilizer, biochar, and biogas within hours using HydroThermal Carbonization (HTC) technology, which reduces odor, energy use, and emissions.
ComexSoft (Spain): A near real-time market intelligence platform that collects and organizes retail data, matching similar products specifically developed for accurate decision-making.
PROTINOS (Thailand): High-protein noodles made from egg whites and soybeans containing complete essential amino acids, created using enzyme incubation techniques, serving as food to help care for and protect health.
SicPama (South Korea): A QR ordering and payment platform with a CRM system that links social media with actual service usage and repeat visits, helping restaurants measure returns and increase revenue.
Nourish Ingredients (Australia): High-performance animal-free fats created via precision fermentation to solve the taste and texture issues of plant-based alternative foods by mimicking the key fats found in meat and dairy products.
Kresko RNAtech (USA/Argentina): Nutrients from biological RNA found in natural foods, developed by AI and biotechnology to be more stable and better absorbed, for use in dietary supplements and health products.
Agrifreeze (Singapore): Develops freezing technology using Electromagnetic Fields (EMF) to control the formation of small ice crystals, reducing food damage and maintaining quality close to fresh products.
10 FoodTech Startups Joining the Incubator Program
Eatwellconcept (Thailand): An AI-powered personalized therapeutic diet platform for NCD patients, offering real-time nutritional guidance by dietitians to improve health and quality of life.
AmaranthLab (UK): Protein ingredients from amaranth for GLP-1 (Glucagon-Like Peptide-1) nutrition to control blood sugar levels and satiety, for use in various functional food products.
Openfarming (Saudi Arabia): An AI operating system for food distributors that converts orders from multiple channels into real-time data, enabling automated demand forecasting and dynamic inventory management without changing existing workflows.
Zuppar Reborn (Thailand): Biodegradable fruit and bakery stickers made from pineapple waste, replacing plastic labels with an alternative that can decompose into fertilizer.
VeriPura (Thailand/Singapore): An AI and Blockchain platform for automated document management and product traceability, making food exports to Europe easier and more compliant with regulations (EU).
YiXingYuan (Taiwan): A modular small-scale fruit processing factory (Factory-in-a-box) utilizing High Voltage Electric Field (HVEF) technology to process fruits directly at the source, preserving product quality while reducing energy use, costs, and spoilage.
JOLA (Thailand): Vitamin-infused jelly pet food that develops DIY treat products, such as jellies for dogs and cats, focusing on natural ingredients, good nutrition, and creating a shared experience between owners and pets.
UPLI (UK): A precision fermentation platform to create functional proteins with characteristics similar to human breast milk, used to increase nutritional value in food at an industrial scale.
Emerald Plast (Thailand): Biodegradable food materials and packaging made from starch and bioplastics to replace traditional plastics, reducing environmental impact and enhancing sustainability image.
Squizify (Thailand): A digital food safety platform integrating software and IoT devices to automatically track, monitor, and manage food business standards, complete with real-time data analysis.
Oil at $80 would once have been considered elevated. Now it would be interpreted as stability, and that shift alone reveals how fundamentally the market has changed. Brent crude moving beyond $120 this week is widely being described as a spike driven by geopolitical tension. That interpretation is too narrow. Price action reflects something deeper and more consequential: a structural reset in how energy is priced, traded, […]
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America’s four largest AI spenders are pushing capital outlays towards a record level this year, betting that demand for computing power will justify one of the most expensive investment cycles in corporate history. Microsoft, Amazon, Alphabet and Meta are preparing to spend roughly $680 billion to more than $700 billion on data centres, chips, servers, networking equipment and related infrastructure in 2026, after quarterly earnings showed […]
Australia’s data centre industry is moving from rapid expansion to sharper scrutiny as new forecasting shows a widening gap between announced projects and capacity likely to be delivered by 2030. A joint market intelligence initiative by Data Centres Australia and DC Byte has put operational IT capacity at about 1.4 gigawatts at the end of 2025, with the market projected to reach 3.1GW to 3.2GW by 2030. […]
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By Nitya Chakraborty Just two weeks before the scheduled summit of U.S President Donald Trump with the Chinese President Xi Jinping in Beijing on May 14-15, the report of the World Intellectual Property Organisation (WIPO) on the status of AI related applications, has unnerved the U.S. administration as the latest Chinese supremacy in robot related […]
Arabian Post Staff -Dubai Damac International has launched Harir Residences inside its Damac Hills Baghdad master community, adding twin premium residential towers to a capital city property market increasingly shaped by private developers, affluent buyers and demand for planned urban living. The project comprises two 12-storey towers with 210 apartments, offering one-, two- and three-bedroom units. The towers are positioned within a larger community near Baghdad International […]
Having led 100+ Hong Kong tech firms to SE Asia over the past year, accelerating global expansion through strategic collaboration
HONG KONG SAR – Media OutReach Newswire – 30 April 2026 – Hong Kong Science and Technology Parks Corporation continues to deepen its innovation and technology (I&T) collaboration with Southeast Asia, actively playing an orchestrating role in supporting Hong Kong’s tech firms go global. HKSTP debuted as an official exhibitor at Southeast Asia’s largest public safety conference, Milipol TechX Summit 2026 (MTX 2026). Under the theme “Supercharging Innovation for Our Safer Tomorrow”, MTX 2026 is a strategic platform to advance business opportunities through government-backed collaboration. HKSTP showcased 10 park companies presenting breakthrough public safety solutions and signed a Memorandum of Understanding (MoU) with Singapore’s TechX Ventures (TechX, a private subsidiary by the HTX – Home Team Science and Technology Agency of Singapore) — HKSTP’s first MoU signed with an organization in Southeast Asia — establishing a structured framework to advance cross-border innovation partnerships focused on practical applications in public safety.
HKSTP debuted as an official exhibitor at Southeast Asia’s largest public safety conference, Milipol TechX Summit 2026 (MTX 2026). Eric Or, Chief Ecosystem Development Officer and Gladys Oon, Director of Partnerships and Account Management of HKSTP, officiated the opening of HKSTP Pavilion.
Singapore and Hong Kong share a substantive relationship, grounded in regular high-level engagement. These include the Prime Minister of Singapore’s official visit to Hong Kong last month, during which he met with the Chief Executive of the Hong Kong Special Administrative Region and visited the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (the Hong Kong Park in the Loop). The I&T connection also features HKSTP-led delegations to Singapore platforms such as Singapore Week of Innovation and Technology (SWITCH) and SLINGSHOT 2025, etc. Over the past year, more than 100 HKSTP park companies explored Southeast Asian opportunities, securing over HK$25 million in confirmed business deals with additional potential contracts exceeding HK$20 million directly supported by HKSTP.
Eric Or, Chief Ecosystem Development Officer, HKSTP, said, “At HKSTP, we enable innovators to solve real public safety challenges where trust and demonstrated results matter most. Collaborating with TechX and Singapore’s Public Safety ecosystem gives ventures faster access to decision-makers, enables solution testing in operational environments, and supports scaling validated technologies across Asia.”
Eric Chua, Chief Executive Officer, TechX Ventures said: “SPINN District was designed to be more than a startup village — it is a proving ground where bold founders showcase innovations that matter. Seeing HKSTP’s park companies engage meaningfully with the global public safety ecosystem at MTX 2026 reflects exactly the kind of cross-border momentum we built this platform for. This MoU marks the beginning of something lasting: a structured pipeline that turns innovation into operational impact, as we work together to build a safer world.”
The collaboration between HKSTP and TechX is aimed to establish a comprehensive framework to identify, co-create, and validate operational public safety solutions. Under the partnership, HKSTP and its counterparts will move from identified needs to real deployment through annual solution scouting visits to Hong Kong Science Park, funding of around HK$600,000 (S$100,000) per company for proof-of-concept trials with Singapore Public Safety experts, and an ongoing exchange of challenges and insights. This demand-led model accelerates problem-solution fit and reinforces HKSTP’s leadership in regional safety technology collaboration.
The HKSTP Pavilion, themed “Hong Kong’s Technology for Public Safety and Security — Global Application and Global Impact,” featured 10 park companies showcasing solutions proven in deployments across Hong Kong enforcement departments, the Greater Bay Area, and Singapore-related projects. Cutting-edge public safety technologies were showcased across AI-Driven & Robotics, Network & Communications Infrastructure, and Drones, Unmanned Aerial Vehicle (UAV) & Low-altitude Economy (LAE). MTX is the largest public safety conference in Southeast Asia, the HKSTP pavilion is strategically positioned within the startup-centric SPINN District, effectively facilitated targeted engagements, secured curated matching opportunities with Singapore government agencies for each participating company, and advanced pilot projects and partnerships.
Park companies eSIX and Weitu AI participated in the signature global innovation challenge Dimension X Cohort 6 and the inaugural cohort of the In-Beta tech verification capability programme organized by Hatch, the innovation centre of Singapore’s HTX, achieving significant success. These companies were the only Hong Kong representatives selected for the programmes, underscoring the global competitiveness and real-world impact of Hong Kong’s innovation ecosystem. eSIX, which delivers patented high-speed networking for Industrial IoT and 5G-enabled remote machine control, was awarded a place at Dimension X. The company received S$100,000 in prize money to complete a four-month proof-of-concept and was invited to showcase its solutions. Weitu AI, which provides world-leading multimodal video understanding for fast, accurate analysis across industries was awarded a place at In-Beta, received S$30,000 in prize money with opportunities to verify their promising tech through rapid experimentation and onsite demo.
Building on existing engagement across the region, HKSTP will continue to strengthen collaboration with regional partners, expand support for park companies, and promote technology‑driven solutions that enhance safety and resilience. The initiative reflects HKSTP’s ongoing commitment to fostering sustained innovation and regional cooperation.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP), established in 2001, has built a thriving innovation and technology (I&T) ecosystem in Hong Kong, supporting 12 unicorns, nurturing over 17,000 research talents, and hosting more than 2,500 technology companies from 26 countries and regions specializing in biomedicine, AI and robotics, fintech, and smart city development. HKSTP is dedicated to positioning Hong Kong as an international I&T hub.
To align with Hong Kong’s future development, HKSTP is committed to attracting and cultivating I&T talent, accelerating the commercialization of innovative outcomes, and providing comprehensive support for technology companies and professionals on their innovation journey. Its vibrant I&T ecosystem continues to grow, encompassing Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three InnoParks in Tai Po, Yuen Long, and Tseung Kwan O. These facilities drive advancements in applied technology, focusing on industries such as advanced manufacturing, micro- electronics, and biotechnology, steering Hong Kong toward new industrialization.
Hong Kong Science Park Shenzhen Branch, located in Futian, Shenzhen, leverages the strategic advantage of “support of the Motherland, connecting to the world.” It serves as a bridge for “bringing in and going global,” actively fostering cross-border I&T collaboration. The Shenzhen Branch supports global technology companies and professionals by providing research and collaboration spaces, with a focus on enterprises in seven key sectors: Medtech, big data and AI, robotics, new materials, microelectronics, fintech, and sustainable development.
HKSTP is dedicated to advancing Hong Kong’s I&T development by providing research infrastructure, startup and enterprise support services, professional investment and business expertise, fostering partnership networks, and attracting top talent. These efforts drive innovation as a new engine for economic growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
About TechX Ventures
TechX Ventures is a wholly owned subsidiary of Singapore’s Home Team Science & Technology Agency (HTX) that operates at the intersection of government mandate and entrepreneurial drive. TechX serves as the engine behind a thriving innovation ecosystem where cutting-edge science and technology are put to work protecting people.
At the heart of it, TechX is established to connect global innovators and partners in advancing public safety innovation. Guided by our Safer World philosophy — the belief that progress means nothing if it doesn’t safeguard public safety — TechX approaches safety not as a sector, but as a shared mission. This conviction shapes every partnership forged, every programme designed, and every measure of success. Safety, at TechX, is our purpose.
TechX delivers its mission through two core areas of expertise: to build and to connect. TechX designs and develops innovation initiatives and programmes alongside partners from across the globe, including flagship platforms such as HTX’s Innovation Centre, Hatch — a structured innovation centre that gives frontier deep-tech a clear pathway to validate and deploy solutions for real public safety challenges. TechX also bridges industry, startups, and government agencies into a global network, producing landmark events such as Millipol TechX, and bringing international communities like DEF CON® to Singapore for the first time.
With active partnerships spanning over 30 ecosystems globally — from Hong Kong to South Korea, and the United States, TechX sits at the heart of a growing worldwide alliance united by one ambition: Bringing Together a Safer World.
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By K Raveendran Abu Dhabi’s decision to walk away from OPEC marks more than a dispute over barrels. It signals a recalibration of Gulf power, energy strategy and security alignments at a moment when the Iran war has exposed the limits of regional consensus. For decades, the UAE operated inside a cartel system dominated by […]
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Hong Kong recorded its widest visible trade deficit since comparable records began in 1952, as imports outpaced a powerful export rebound driven by demand for artificial intelligence-related electronics and high-value technology goods.
The city’s merchandise trade gap widened to HK$89.1 billion in March 2026, equal to 12.6 per cent of the value of imports. Total exports rose 35.8 per cent year on year to HK$618.4 billion, while imports jumped 41.2 per cent to HK$707.5 billion, underscoring the unusual scale of the surge in cross-border goods flows through one of Asia’s main trading hubs.
The figures point to a mixed signal for Hong Kong’s externally oriented economy. Export growth was the strongest since early 2021, reflecting robust global demand for electronic components, telecommunications equipment, semiconductors and related supply-chain goods. Yet the sharper rise in imports left the city with a deficit larger than any monthly gap recorded over more than seven decades, highlighting the pressure created by front-loaded purchases, supply-chain repositioning and higher input costs.
For the first quarter of 2026, total exports climbed 32 per cent from a year earlier, while imports increased 37 per cent. The visible trade deficit for the quarter reached HK$168.4 billion, equivalent to 9.8 per cent of imports. On a seasonally adjusted basis, exports rose 18.4 per cent from the previous quarter, while imports advanced 20 per cent.
The most striking gains came from technology-linked categories. Exports of electrical machinery, apparatus, appliances and related parts rose by HK$99.8 billion, or 47.9 per cent, in March from a year earlier. Telecommunications and sound recording equipment exports increased by HK$40.2 billion, or 94.7 per cent, while non-ferrous metals shipments rose by HK$10.2 billion, or 175.9 per cent.
Imports showed a similar pattern, but with larger absolute increases in several categories. Purchases of electrical machinery and related parts grew by HK$106.2 billion, or 49.5 per cent. Telecommunications and sound recording equipment imports rose by HK$45.3 billion, or 93 per cent. Non-ferrous metals imports surged by HK$30.4 billion, a rise of more than 400 per cent, suggesting strong demand for materials used in electronics, data-centre infrastructure and advanced manufacturing supply chains.
The widening deficit also reflects Hong Kong’s role as a re-export centre rather than a conventional manufacturing economy. Goods imported into the city often move onwards to mainland China, Southeast Asia, the United States and Europe after financing, logistics, testing, repackaging or redistribution. During periods of strong global technology demand, import values can rise faster than exports if companies build inventories, reroute shipments or accelerate procurement to avoid transport delays.
Geopolitical tensions have added another layer of volatility. The war in the Middle East has pushed up energy prices, raised shipping risks and complicated trade routes linking Asia with Europe and the Gulf. Higher freight and insurance costs can lift the recorded value of imports, while uncertainty over maritime routes may encourage companies to bring forward shipments or diversify logistics channels. Hong Kong, with its deep financial links and dense regional supply-chain networks, is exposed to those shifts even when final demand originates elsewhere.
The export destination data showed broad-based strength across Asia and beyond. Shipments to Singapore more than doubled, while exports to Malaysia, Thailand, Taiwan and mainland China recorded strong gains. Exports to the United States also rose sharply, reflecting resilient demand for electronics and technology-linked goods despite continuing trade friction and tariff risks. Shipments to the United Kingdom declined, indicating uneven demand across advanced markets.
On the import side, increases were recorded from most major suppliers. Purchases from the United Kingdom, Korea, India, Vietnam, the United States and mainland China all rose substantially, underlining the geographically diverse nature of the procurement surge. Mainland China remained central to the city’s trade flows, both as a supplier and destination, while Southeast Asian economies continued to gain prominence in electronics and component supply chains.
The data suggest that Hong Kong is benefiting from the global investment race in artificial intelligence, cloud computing and advanced electronics, but the gains come with greater exposure to external shocks. Demand for AI servers, chips, networking equipment and related components has lifted trade volumes across Asia, while higher energy prices and shipping uncertainty are adding costs and complicating timing decisions for importers.
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