Ship traffic through the Bab el-Mandeb strait has fallen to its lowest daily level in months after Houthi attacks on Saudi oil infrastructure heightened fears that another major Middle East energy corridor could become unsafe for commercial vessels. Only 11 commodity-carrying ships crossed the narrow waterway on Sunday, vessel-tracking data showed. The passage links the Red Sea with the Gulf of Aden and serves as a vital […]
Louvre Abu Dhabi has placed Pierre-Auguste Renoir’s celebrated double portrait of Berthe Morisot and her daughter Julie Manet on display for a year, bringing one of the Abu Dhabi Collection’s most significant Impressionist works into the museum’s permanent galleries. Painted in 1894, the oil-on-canvas work depicts Morisot, a founding figure of Impressionism, seated closely beside her teenage daughter. The portrait combines the intimacy of a family image […]
Arabian Post Staff -Dubai Abu Dhabi Global Market has recognised Tether Gold as an Accepted Spot Commodity, opening the way for licensed financial firms in the centre to provide regulated services involving the gold-backed digital token. The designation covers XAU₮, issued by Tether through its commodities business. Each full token represents ownership of one fine troy ounce of physical gold allocated from a London Good Delivery bar […]
Cryptocurrency markets face renewed volatility as an Ethereum developer warns that expectations surrounding the United States’ CLARITY Act could trigger a deeper sell-off if lawmakers fail to deliver the regulatory breakthrough already anticipated by traders. Econar, a long-time Ethereum builder and commentator, said digital assets could stage only a limited rise as speculation about the legislation intensifies. Failure to pass the bill could then push prices below […]
Dangote Cement Plc is favouring London over Dubai for a planned international listing, arguing that the UK market offers a faster route to investors and better suits the group’s expanding cement business. Mariya Dangote, a board member and executive director responsible for the group’s cement and food businesses, said the company had considered a secondary listing in Dubai but concluded that completing the process there could take […]
President Donald Trump is considering a major expansion of United States attacks on Iran, warning that Tehran has not suffered enough pressure to accept a peace agreement as escalating hostilities drive oil prices above $100 a barrel. Trump said he was close to deciding whether to authorise an assault that would be larger than previous operations against Iran. He described the potential action as a “massive attack” […]
September-loading cargoes of ESPO Blend, Russia’s flagship Far Eastern crude grade, have attracted brisk demand from state-owned and independent refiners despite shrinking discounts. Buyers that would normally enter the market closer to loading dates are moving early to lock in supplies and reduce exposure to possible shipping delays across the Gulf and Red Sea.
ESPO cargoes delivered to China are being offered at discounts of roughly $1 to $3 a barrel against benchmark Brent prices. That compares with discounts near $4 for some August supplies, indicating that demand has strengthened even as the crude becomes less attractive on price.
The buying surge reflects growing concern over the reliability of Middle Eastern flows. Disruption around the Strait of Hormuz, combined with threats to shipping near the Bab al-Mandab Strait, has complicated routes used by Gulf producers to reach Asian customers.
Saudi Arabia has relied more heavily on its East-West pipeline to move crude from production centres near the Gulf to the Red Sea port of Yanbu. That option reduces dependence on Hormuz but leaves shipments exposed to security risks near Yemen and the southern entrance to the Red Sea.
China, the world’s largest crude importer, depends heavily on Middle Eastern producers. Russia offers an alternative supply line that avoids both maritime chokepoints. ESPO is particularly valuable because cargoes are shipped from Kozmino, near the Pacific coast, and can reach northern Chinese ports within days.
The short voyage lowers freight costs, reduces transit risk and gives refiners greater flexibility than crude shipped from the Gulf, Atlantic Basin or western Russian ports. ESPO is also a light, low-sulphur grade that produces relatively high volumes of petrol and diesel, making it suitable for many Chinese refining configurations.
Russia’s seaborne deliveries to China have increasingly centred on Far Eastern supply. ESPO represented about 62 per cent of China’s seaborne Russian crude imports in June, while overall Russian seaborne volumes rose by nearly 9 per cent from the previous month.
Purchases are being supported by competition from buyers elsewhere in Asia. Strong demand from India has helped prevent Russian exporters from offering the wide discounts seen earlier in the year. ESPO cargoes had traded as much as $9 to $10 below Brent for some February loadings before the market tightened.
The latest deals show how geopolitical risk can outweigh concerns surrounding sanctions and payment arrangements. Western measures against Russia have forced traders to rely on alternative shipping, insurance and financial networks, but established routes between Kozmino and China have continued to operate.
Chinese refiners are also examining fresh purchases of Iranian crude, which remains heavily discounted because of sanctions and transport risks. Independent processors concentrated in Shandong province have held talks over Pars and Iran Light cargoes as sellers seek buyers for barrels already moving towards Asia or held in floating storage.
Iranian grades have become cheaper relative to ESPO, although refiners must weigh the discount against possible delays, tanker availability and tighter enforcement. High international prices also restrict the amount smaller plants can purchase, particularly when domestic fuel demand and refining margins are uncertain.
Several independent refiners bought about 20 million barrels of crude from Iraq, the UAE and Qatar for July and August loading when Middle Eastern supplies briefly became cheaper. Some companies are now exploring the resale of those cargoes at higher prices to refiners in Taiwan and South Korea as regional availability tightens.
That shift illustrates the speed with which China’s private refining sector responds to changes in freight, sanctions and physical supply. The plants, often described as teapot refiners, can switch among Russian, Iranian and non-sanctioned Middle Eastern grades depending on margins and import quotas.
By Asad Mirza Washington and Riyadh have signed a civilian nuclear cooperation pact that could let Saudi Arabia enrich uranium on its own soil. Announced this week and now headed to Congress, the deal marks a historic shift in US nonproliferation policy, alarms Israel and threatens to reshape the regional balance of power just as […]
The article The US-Saudi Nuclear Deal Redrawing The Middle East’s Atomic Map appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Abu Dhabi Islamic Bank has become the first bank worldwide to deploy Visa’s Threat Intelligence Platform, integrating cyber and payments intelligence into its fraud-prevention operations. The early adoption gives ADIB’s cybersecurity, fraud and risk teams real-time information on threats that could lead to stolen credentials, compromised accounts and fraudulent transactions. The bank is also working with Visa to design the platform’s first use […]
Arabian Post Staff -Dubai Saudi Arabia’s Air Connectivity Program has signed an agreement with premium leisure airline beOnd to explore direct flights between Red Sea International Airport and six major European cities. The proposed all-premium services would connect the Red Sea tourism destination with London, Paris, Moscow, Milan, Munich and Zurich. The memorandum of understanding was signed during Saudi Arabia’s participation in the Farnborough International Airshow 2026, […]
Iran’s Islamic Revolutionary Guard Corps has claimed that cruise missiles struck Amazon Web Services infrastructure in Bahrain, describing the facility as a key component of United States-linked digital operations in the Gulf. The scale and timing of any new damage have not been independently verified. The IRGC said the attack destroyed what it called Amazon’s central data hub in Bahrain. Its statement presented the operation as retaliation […]
A Saudi-owned oil products tanker was struck in the Red Sea, triggering a fire at its bow and raising fresh concerns over the security of energy shipments along one of the world’s most important maritime corridors. All crew members aboard the Encelia were safe after the attack, the Transport General Authority said on Thursday. Emergency measures were taken to secure the vessel, contain the fire and prevent […]
A Colour That Brings the Brand to Life
Watsons Evergreen is a vibrant blue-green hue that symbolises everyday vitality, care and reassurance, reflecting Watsons’ purpose of helping customers LOOK GOOD, DO GOOD, FEEL GREAT every day. As a distinctive visual identity, it creates a shared language that connects Watsons markets worldwide.
From Watsons’ logo and store design to merchandising displays, digital channels and Own Brand products, Watsons Evergreen has long been a familiar presence across customer touchpoints. The Watsons Evergreen campaign will roll out across 16 markets, including Asia, Europe and the Middle-East, through a series of customer and community activations, as well as a curated range of products, reinforcing the brand’s long-standing connection with customers and communities around the world.
Celebrating a Heritage of Trusted Care
At the heart of the initiative is a simple belief: Watsons has always been there for customers and will continue to be for generations to come.
For 185 years, Watsons has supported customers in their everyday health needs, beauty routines and wellbeing moments, whether in-store or online. Watsons Evergreen reflects this enduring relationship, serving as a symbol of consistency, trust and care in an ever-evolving world.
Jared DeGuzman, Customer Director of Watsons International, said, “For 185 years, Watsons has helped customers feel healthier, happier and more confident in their daily lives. Watsons Evergreen captures that role in a simple yet powerful way. By partnering with Pantone, we’ve transformed our iconic brand colour into a global symbol of vitality, care and wellbeing that will connect customers across every Watsons market.”
Laurie Pressman, Vice President of the Pantone Color Institute™, added, “Watsons Evergreen captures the essence of a brand that has stood the test of time while continuing to grow and evolve. It is a colour that speaks of vitality and longevity, and of a deep, lasting connection to the customers and communities Watsons has served for generations.”
As Watsons marks this milestone anniversary, Watsons Evergreen stands as both a reflection of its rich heritage and a symbol of its forward-looking vision – uniting past and future in one distinctive expression of the brand.
Hashtag: #ASWatson
The issuer is solely responsible for the content of this announcement.
Watsons is the leading O+O (Offline plus Online) health and beauty retailer in Asia, currently operating 8,000 stores and more than 1,500 pharmacies in 16 Asian, European and Middle-East markets.
Watsons is named as the No.1 Personal Care and Beauty retailer in Asia*, providing personalised advice and counselling in health, beauty and personal care on top of its market-leading product range, making customers LOOK GOOD, DO GOOD, FEEL GREAT every day. Watsons is the flagship health and beauty brand of AS Watson Group.
Launched in 2019, Watsons’ Asia One Pass rewards our customers with local-member privileges and enables them earn points when they shop with Watsons in ten markets in Asia including Chinese Mainland, Hong Kong, Macau, Taiwan, Singapore, Malaysia, Thailand, Indonesia, Türkiye and the Philippines.
*Campaign Asia-Pacific’s Top 50 Brands survey with 10,000 respondents across 6 Asian countries
Established in 1841, AS Watson Group is one of the world’s longest-standing and most recognised retail companies with roots in Asia. Today, the company operates over 17,000 stores across 12 retail brands in 31 markets, employing 130,000 people globally. This makes AS Watson Group the largest international health and beauty retailer in the world.
In the fiscal year 2025, AS Watson Group reported revenue of over US$26 billion. The company’s technology-enabled O+O (Offline plus Online) platforms serve over 6 billion shoppers annually, seamlessly integrating physical and digital retail experiences.
AS Watson Group supported over 180 charitable and non-profit organisations every year, dedicating over 40,000 hours of volunteer work to serve over 370,000 people in need in our operating markets.
AS Watson Group is also a member of the world-renowned multinational conglomerate CK Hutchison Holdings Limited, which has four core businesses – ports and related services, retail, infrastructure and telecommunications in over 50 countries.
Please visit 
www.aswatson.com/our-company/o-and-o-strategy/ for more information.
Arabian Post Staff -Dubai Goldman Sachs has retained its forecast for Brent crude to average $80 a barrel in the fourth quarter of 2026, arguing that constrained Middle East supply should support prices if hostilities between the United States and Iran ease before the end of the year. The investment bank’s baseline projection assumes that geopolitical tensions will gradually subside and oil shipments through the Strait of […]
The airlines signed a memorandum of understanding that establishes a framework for negotiating a future joint business agreement. The proposed arrangement would deepen their existing codeshare relationship and could allow closer coordination across schedules, sales, network planning and passenger services.
The partnership is expected to explore single-ticket journeys across the two carriers’ combined networks. Garuda Indonesia passengers could gain easier access to Saudia-operated destinations in the Middle East, Europe and Africa, while Saudia customers could connect through Garuda’s domestic network and services to Australia.
The carriers will examine coordinating flight schedules between Saudi Arabia and Indonesia to improve connection times and reduce lengthy transfers. They will also assess joint sales, marketing and distribution initiatives in markets where both airlines see opportunities for traffic growth.
Cooperation could extend to frequent-flyer programmes, airport services, technology systems and customer handling. The memorandum also places particular emphasis on services for Umrah and Hajj passengers travelling from Indonesia, one of the world’s largest markets for pilgrimage-related air travel.
Saudia Chief Commercial Officer Arved von zur Muehlen and Garuda Indonesia Director of Transformation Neil Raymond Mills signed the agreement. The ceremony was attended by Saudia Group Director General Ibrahim Al-Omar and Garuda Indonesia Vice President Director Thomas Sugiarto Oentoro.
Von zur Muehlen said the agreement reflected Saudia’s strategy of building commercial partnerships that strengthen its international network. He said the proposed cooperation would offer passengers greater flexibility between Indonesia, Australia and destinations served by Saudia across three regions.
Mills said the partnership carried strategic value beyond expanding flight networks. Improved access to the Middle East, Europe and Africa would support pilgrimage travel, family and community movement, business links and wider economic cooperation.
A joint business agreement would represent a deeper form of cooperation than a conventional codeshare. Codeshares allow airlines to sell seats on flights operated by a partner, while joint business structures can involve coordinated scheduling, pricing, sales and capacity planning, subject to regulatory approval.
Such arrangements allow airlines to extend their market reach without immediately adding aircraft or launching a large number of new routes. They can also improve aircraft utilisation and feed passenger traffic through major hubs. Regulators, however, generally examine these partnerships to ensure that closer coordination does not weaken competition or limit consumer choice.
The proposed partnership builds on the airlines’ membership of the SkyTeam alliance. Saudia joined SkyTeam in 2012, while Garuda Indonesia became a member in 2014. Alliance membership already supports shared passenger benefits, lounge access, priority services and frequent-flyer recognition across participating carriers.
Saudia operates from hubs including Jeddah, Riyadh, Dammam and Medina, connecting Saudi Arabia with destinations across Asia, Africa, Europe and North America. Its Jeddah hub is particularly important for religious travel because of its proximity to Makkah and its role as a gateway for pilgrims.
Garuda Indonesia’s network is centred on Jakarta and Bali, with domestic services covering major commercial centres and tourism destinations across the archipelago. Its international operations connect Indonesia with markets in Asia, the Middle East and Australia.
The agreement comes as Garuda expands commercial cooperation with overseas airlines during its continuing operational and financial restructuring. The carrier launched a codeshare partnership with Scandinavian Airlines in June, offering connections between Indonesia and Copenhagen, Stockholm and Oslo through hubs including Amsterdam and Tokyo.
Greater cooperation with Saudia could strengthen Garuda’s access to markets that are difficult to serve economically with direct flights. The arrangement could also help generate connecting traffic for domestic destinations beyond Jakarta, including cities that supply significant numbers of Umrah and Hajj travellers.
Indonesia and Saudi Arabia have sought to expand economic and transport ties alongside their strong religious and cultural links. Agreements between companies from the two countries valued at about $27 billion were announced in 2025 across sectors including clean energy, petrochemicals and aviation fuel services.
The United States and Saudi Arabia have signed a landmark civil nuclear co-operation agreement that could eventually allow the kingdom to enrich uranium, opening a new chapter in their strategic partnership while intensifying concerns over nuclear proliferation in the Middle East. US Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman signed the accord in Washington on Wednesday. The agreement, known as a Section […]
Arabian Post Staff -Dubai Dubai’s largest lender Emirates NBD reported a second-quarter net profit of AED6.4 billion, beating market expectations as strong lending, resilient margins and its expanded international business offset disruption from the regional conflict. Profit was broadly unchanged from the first quarter, while earnings for the first six months of 2026 rose 3 per cent from a year earlier to AED12.9 billion. The performance underlined […]
Arabian Post Staff -Dubai Saudi Arabia’s crude oil exports fell for a third consecutive month in May, reaching the lowest level recorded in more than two decades as conflict-driven shipping disruption across the Gulf constrained the kingdom’s ability to move supplies to overseas buyers. Exports dropped to 3.434 million barrels per day from 3.986 million bpd in April, data submitted to the Joint Organisations Data Initiative showed. […]
HONG KONG SAR – Media OutReach Newswire – 20 July 2026 – Media OutReach Newswire, the first global newswire founded in Asia Pacific, has expanded its USA distribution network with additional guaranteed news postings.
Through new strategic agreements, Media OutReach Newswire now provides clients with guaranteed online postings in flagship American media outlets like USA Today, Yahoo Finance, and The Associated Press, alongside more than 650 trusted news sites with domain authority. This latest service upgrade specifically targets guaranteed online news postings in media with domain authority to empower AI visibility. By combining distribution with JSON-LD Schema Markup that provides context and meaning to the press release for search engines and AI models to interpret its content accurately, Media OutReach Newswire’s press release distribution structures answers for AI discoverability and AI citation. Media OutReach Newswire’s press release distribution service has been helping companies and government agencies to actively build their AI visibility.
Media OutReach Newswire guarantees news release placements in the official, public-facing press release section of USA Today. With a Domain Authority (DA) rated between 92 and 94 out of 100, USA Today ranks as one of the most trusted news sources for Generative Engine Optimization (GEO). Attracting more than 120.5 million unique monthly visitors, this integration delivers the public visibility necessary to build client brand credibility and trust on a national stage. Additionally, the newswire has secured guaranteed news postings on real local and regional news websites, including The Arizona Republic, Detroit Free Press, Indianapolis Star, Milwaukee Journal Sentinel, The Tennessean, and The Oklahoman.
“By improving the quality of our guaranteed news postings on trusted, Google-indexed news sites with domain authority, coupled with the direct delivery of press releases to journalists’ inboxes, Media OutReach Newswire has successfully helped many Asian corporations to build their brand reputation in the US market,” said Jennifer Kok, Founder and CEO of Media OutReach Newswire.
“We are pleased to have built a USA press release distribution network that focuses exactly on what PR professionals need, a distribution that reaches journalists and provides quality news postings on real media. Our comprehensive journalist database built by in-house media researchers covers more than 500 trade news categories and 65,000 media titles across quality media titles. This has helped our clients secure earned media coverage and journalist inquiries from business, technology, ESG, automotive, travel, and many other media sectors in the USA. In addition, Media OutReach Newswire’s partnership with The Associated Press delivers clients’ news releases directly into newsrooms across the United States,” added Jennifer.
Over the years, the newswire has cultivated brand trust with journalists at USA media outlets who actively engage with its client releases. Through its Media and Journalist Insights, Media OutReach Newswire is able to report on how many journalists by publication in the USA have opened its clients’ press releases and the earned media write ups achieved.
Through its Total PR and Communications Solution, Media OutReach Newswire’s global distribution network delivers client press releases directly to journalists, guarantees verbatim news postings on trusted news sites with domain authority to empower SEO and GEO, and provides post-release reports packed with data insights and PR Campaign Intelligence that tracks performance over time.
This total solution addresses the needs of PR and communication professionals from press release distribution through to reporting with data insights and PR Campaign Intelligence across both in-country and global PR campaigns. It has been entrusted by hundreds of clients in China, Hong Kong, Singapore, Malaysia, Thailand, Taiwan, Japan, South Korea and across APAC to expand their business and brand awareness overseas to markets in Canada, USA, UK & Europe, Latin America, Asia Pacific, ASEAN, Southeast Asia, Middle East, Gulf States and Africa.
Hashtag: #MediaOutReachNewswire #pressrelease #USA
The issuer is solely responsible for the content of this announcement.
Media OutReach Newswire is Asia Pacific’s first global newswire, serving as a trusted partner to media, corporations, agencies and governments across the region and the globe.
Founded in 2009 as a champion of the PR industry, Media OutReach Newswire leverages AI and SaaS technology to redefine press release distribution with a Total PR and Communications Solution. The newswire is focused on its core service of delivering press releases to journalists and editors in targeted media, posting client news releases on real media sites with domain authority (DA), and providing post release reports with data insights along with PR Campaign Intelligence that tracks performance over time. In March 2026, the newswire integrated JSON-LD Schema Markup into its online news postings to empower AI visibility for its clients.
With a global network of over 200,000 journalists and editors, 70,000+ media titles, 1,500+ media partners, and more than 40 languages, Media OutReach Newswire’s focus on providing guaranteed verbatim posting on real media sites powers SEO and GEO for building brand trust and AI visibility, as press releases published on authentic media with domain authority are trusted by search engines and AI models.
Headquartered in Hong Kong SAR with global press release distribution network spanning USA & Canada, Latin America, UK & Europe, the Middle East, Gulf States, Africa, Asia Pacific, Southeast Asia and ASEAN.
For more information about our services, solutions, and network, please visit www.media-outreach.com
Ancient DNA from China’s 4,000-year-old Shimao city has revealed a deeply rooted population organised around paternal family lines, rigid social hierarchy and carefully structured sacrificial rituals. The largest genomic study of the settlement shows that most inhabitants descended from farming communities that had occupied the northern Loess Plateau for at least 1,000 years before Shimao emerged. The findings challenge theories that the city was founded mainly by […]
Arabian Post Staff -Dubai Embraer and Mubadala Investment Company have signed an agreement aimed at expanding aerospace manufacturing, services and technological capabilities in the UAE, strengthening the country’s role in the aircraft maker’s global supply and support network. The agreement establishes a framework for the two companies to assess industrial projects that could increase the amount of Embraer-related work carried out in the UAE and across the […]
Arabian Post Staff -Dubai Jeddah Islamic Port has introduced temporary storage-fee concessions for transit cargo, seeking to lower logistics costs and attract more shipping lines to Saudi Arabia’s largest Red Sea gateway. The incentive package took effect on July 19 and will remain available for 60 days. It extends the storage-fee exemption for transit containers to 15 days, while general transit cargo will receive five exemption days. […]
SpaceX is approaching its first major post-listing share release, with stock worth about $116 billion becoming eligible for sale after the rocket and satellite group publishes its maiden quarterly results as a public company. The release could sharply expand the number of SpaceX shares available to investors and test demand following a volatile first month on the Nasdaq. Employees and some early shareholders will be permitted to […]
A new regional network aims to change that.
The Professional Services (PS) Centre Singapore, officially launched today by Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, is the latest addition to a growing network of Professional Services Centres that connects businesses with trusted professional expertise across Asia.
Located at Level 2 of ISCA House, the Singapore PS Centre will serve as the anchor hub of the regional network, linking businesses to PS Centres in Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with Jakarta expected to join later this year. Future centres are also planned in Bangkok, Johor Bahru and Shenzhen.
Rather than building another office, the PS Centre is building something different, a trusted regional network where businesses can access local knowledge, professional expertise and business connections through one coordinated platform.
The initiative is led by the PS Centre Alliance, comprising the Association of Small & Medium Enterprises, Institute of Valuers & Appraisers, Singapore Business Federation, Singapore Chinese Chamber of Commerce & Industry, Singapore Manufacturing Federation, Tax Academy of Singapore, The Law Society of Singapore and the Institute of Singapore Chartered Accountants (ISCA).
Helping businesses solve real problems
As businesses expand across borders, the challenges they face have become more complex. They are no longer limited to setting up an office or understanding local regulations. Companies today are responding to geopolitical shifts, changing trade policies, supply chain realignment, AI disruption, cyber risks and growing sustainability expectations, while trying to build trusted relationships in unfamiliar markets. No single profession can solve these challenges alone.
The PS Centre brings together professionals from different disciplines, including legal, accounting, tax, corporate secretarial, HR, valuation, sustainability and business consulting, so businesses can access coordinated support instead of approaching each profession separately.
Beyond professional advice, businesses can tap on local business associations, government agencies, chambers of commerce and ecosystem partners connected through the PS Centre network.
More than a networking platform
The Singapore PS Centre will also introduce the Business Growth Clinic, a new initiative where business owners can bring real business challenges to a multidisciplinary panel of professionals.
Whether the challenge is expanding overseas, adopting AI, raising capital, restructuring a business or planning succession, businesses will receive practical guidance and be connected with the right professionals to help move their plans forward.
Early results from the network
Although the network is still in its early stages, businesses are already seeing results. Through the Shanghai PS Centre, Singapore based accounting firm Unity Assurance secured new business opportunities in China and subsequently established a joint venture with a local partner.
The Nanjing PS Centre supported firms such as Morningstar and Fiducia LLP with local business introductions, office setup and talent connections as they expanded into China. In Vietnam, the Ho Chi Minh City PS Centre has supported Singapore businesses such as Koda Ltd and JDI Ventures in navigating different aspects of regional expansion, such as guidance on pressing cross-border matters and local business introductions to support market entry. The Centre has also connected Vietnamese technology companies such as Techvify and Vinova with relevant networks and market insights to support their entry into Singapore.
These examples demonstrate how trusted local networks can shorten the time needed for businesses to enter new markets while reducing uncertainty.
Strengthening Singapore’s position as a trusted business hub
The Singapore PS Centre complements Singapore’s position as a global business and financial hub by extending trusted professional services into key markets across Asia.
As more centres are established, businesses will be able to tap on one connected network instead of building relationships from scratch in every country.
For Singapore professional services firms, it also creates new opportunities to support clients expanding overseas and to build partnerships with firms across the region.
Mr Lee Boon Teck, President, ISCA, said: “Business is becoming increasingly regional, but professional services are still largely organised country by country. Companies expanding overseas often spend months trying to identify trusted advisers and build local networks. The PS Centre network changes that. We are bringing together trusted professional firms, business associations and local partners across Asia, making it easier for businesses to expand with confidence. Our vision is simple. Wherever a business chooses to grow in Asia, there should be a Professional Services Centre ready to support that journey.”
Ms Junie Fo, Vice President & Head, Professional Services, Singapore Economic Development Board, said “Professional services firms play a critical role in helping Singapore-based enterprises navigate the rapidly evolving global business environment. The Singapore PS Centre will provide access to different professional services to support enterprises’ regional growth needs. EDB looks forward to working with members of the PS Centre Alliance to advance the Professional Services ecosystem.”
About the Professional Services Centre
The Professional Services Centre is a collaborative initiative by the PS Centre Alliance to support businesses expanding across borders through trusted professional expertise, local business networks and market access. The network currently spans Singapore, Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with further expansion planned across Asia and the Middle East.
Hashtag: #ISCA #CharteredAccountants #ProfessionalServices #ProfessionalServicesCentre #DifferenceMakers #Accounting #Accountancy
The issuer is solely responsible for the content of this announcement.
