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 […]
Arabian Post Staff -Dubai UAE sovereign wealth funds and private companies are preparing to expand investments in India, targeting artificial intelligence, logistics, food security and infrastructure as the two countries deepen their economic partnership. Several significant announcements are expected over the coming months, UAE Ministry of Investment Undersecretary Mohammad Abdulrahman Alhawi said, highlighting sustained interest among government-backed funds and businesses in opportunities across the country. “Our sovereign […]
President Donald Trump has cast doubt on renewed negotiations with Iran and warned that US military attacks could intensify, deepening fears that the five-month conflict will extend further across the Middle East. Speaking during a Cabinet meeting at Camp David, Trump said he was losing confidence in Iranian negotiators because they had misrepresented their intentions. He indicated that Washington was preparing to strike Iran harder unless Tehran […]
MANILA, PHILIPPINES – Media OutReach Newswire – 31 July 2026 –VinFast has officially launched its electric motorcycle ecosystem in the Philippines, opening 21 VinFast showrooms alongside the debut of three models, Evo, Feliz II, and Viper. The milestone marks an important step in VinFast’s expansion in one of Southeast Asia’s largest two-wheeler markets, bringing modern, cost-effective, and sustainable mobility solutions closer to consumers while laying the foundation for a comprehensive green mobility ecosystem in the Philippines.
Vinfast Opens 21 Electric Motorcycle Showrooms, Deepening Its Green Mobility Presence In The Philippines.
The 21 pioneer dealerships will begin operations in major cities nationwide, expanding consumer access to VinFast products and authorized services. The network is expected to grow further in the coming period, progressively expanding VinFast’s presence across the Philippines.
The simultaneous opening of 21 showrooms comes just over a month after the success of VinFast’s early booking program, which attracted thousands of customers nationwide. The strong market response to VinFast’s battery-swapping electric motorcycles not only demonstrates the products’ appeal but also underscores the company’s investment commitment and rapid expansion in the Philippines.
VinFast aims to develop its dealerships as all-in-one destinations, bringing product displays, energy solutions, and technical services together under one roof. Customers can receive personalized consultations, take test rides, experience a one-minute battery swap, explore home-charging solutions, and choose an ownership option that best suits their needs, with professional support throughout the entire journey, from initial product discovery to after-sales service.
In addition to the official showcase of the brand’s first product lineup and its full range of available colors, the launch featured test rides and one-minute battery-swapping demonstrations. The brand also shared its official local pricing, battery solutions, and supporting ecosystem, including plans to deploy 30,000 battery-swapping cabinets nationwide in partnership with infrastructure providers.
Following the launch event, a series of public experience activities will take place at the new dealerships throughout August 2026. Customers will be able to see and test ride the three models, learn about battery technology and sales policies, and explore flexible ownership options. Details of the test ride program and applicable terms are available on VinFast’s official website: vinfastauto.ph/en.
To celebrate the occasion, participating dealerships will introduce a variety of exclusive offers and promotional programs, providing additional benefits and value for early adopters.
Ms. Vo Thi Cam Tu, CEO of VinFast E-Scooters & E-Bikes, International Markets, said: “Opening 21 VinFast showrooms alongside the launch of our three electric motorcycle models reflects VinFast’s long-term investment commitment to the Philippines. Beyond offering products that meet diverse mobility needs, we are building a comprehensive ecosystem that makes it easier for customers to access our vehicles, energy solutions, and support services throughout their ownership journey. As our electric mobility ecosystem continues to expand, we believe electric motorcycles can become an increasingly practical and convenient choice in the everyday lives of Filipinos.”
Evo, Feliz II, and Viper each offer distinct characteristics designed to meet a wide range of mobility needs and riding styles. Evo combines elegant styling with everyday agility, offering a top speed of 80 km/h and a range of up to 150 km with two fully charged batteries. Feliz II emphasizes practicality and versatile performance, with a top speed of 90 km/h. Rounding out the lineup is Viper, featuring a sporty design, maximum power output of 5,200W, and a top speed of 90 km/h, aimed at younger riders who value technology and engaging riding experience.
All three models feature two under-seat battery compartments and are compatible with VinFast’s battery-swapping solution, giving riders greater flexibility and convenience in everyday use. Customers can also choose between purchasing their motorcycle with batteries included or subscribing to a battery subscription plan, depending on their needs and usage patterns.
Notably, VinFast electric motorcycle owners will receive free battery swaps at public swapping stations operated by strategic partner V-Green for one year, with up to 20 swaps per month per vehicle. The models are also covered by a 4+2-year or 60,000+12,000-km warranty, whichever comes first, providing customers with greater benefits, lower operating costs, and long-term peace of mind.
VinFast’s entry into the Philippine electric motorcycle market builds on its expansion across key Southeast Asian markets, following the opening of 20 electric motorcycle dealerships in Indonesia in July 2026. By steadily expanding its presence, VinFast is building out a comprehensive green mobility ecosystem across the region, making it easier for consumers to transition to smarter, more modern, and environmentally-friendly transportation solutions.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
Oil prices headed for their strongest monthly advance in years on Friday as the war involving the United States and Iran disrupted Middle Eastern supplies, raised shipping costs and intensified concerns over the security of global energy routes. Brent crude was on course to gain about 21% in July, despite falling by more than $1 to around $88 a barrel during early trading. West Texas Intermediate slipped […]
Arabian Post Staff -Dubai Saudi Arabia has established a multinational maritime defence coalition to protect commercial shipping and energy supply routes across the Red Sea, placing Riyadh at the centre of efforts to secure one of the world’s most vulnerable trade corridors. The kingdom will serve as the founding and leading state of the alliance and host its permanent headquarters. Representatives from 43 countries and the European […]
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, […]
Arabian Post Staff -Dubai Investcorp has acquired a majority stake in Berger Financial Group, entering North America’s wealth management market through a platform overseeing more than $3 billion in client assets. Financial terms of the transaction were not disclosed. Berger’s management team and financial advisers will retain a significant ownership interest, while the company’s existing leadership will continue to manage its day-to-day operations. Investcorp will gain representation […]
Anthropic’s artificial intelligence models gained unauthorised access to systems belonging to three organisations during cybersecurity evaluations after supposedly isolated test environments were left connected to the public internet. The AI developer said the incidents involved Claude Opus 4.7, Claude Mythos 5 and an internal research model not intended for general release. The models used weak passwords, exposed interfaces and other basic techniques to compromise real-world infrastructure while […]
Arabian Post Staff -Dubai Dubai-based DeNet has launched the fourth version of its decentralised storage protocol, opening infrastructure supported by more than seven million registered users to the public. Storage Protocol v4 connects customers seeking encrypted data storage with independent operators supplying unused device capacity. DeNet said its operating ecosystem includes more than 2,000 active storage providers, known as Datakeepers, and about 2.9 million Watcher Nodes that […]
Google has released Chrome 151 with fixes for 370 security vulnerabilities, including seven critical flaws capable of exposing users and organisations to serious attacks. The update began rolling out on July 29 for Windows, macOS and Linux. Chrome 151.0.7922.71 and 151.0.7922.72 are being distributed to Windows and Mac devices, while Linux systems are receiving version 151.0.7922.71. The Android release, carrying the same core security fixes, is being […]
Lesotho’s exports can again enter the United States without tariffs after a temporary levy introduced following a landmark Supreme Court judgment expired, offering crucial relief to the country’s garment factories and thousands of workers. The Ministry of Trade, Industry and Business Development welcomed the restoration of duty-free treatment, saying the change would strengthen the competitiveness of products manufactured in the kingdom. The tariff expired on July 29, […]
Arabian Post Staff -Dubai The UAE has abolished 15 capital-market fees while raising selected charges linked to public offerings, combining broad cost relief for financial firms with higher pricing for regulatory work on complex transactions. The Capital Market Authority approved the changes after reviewing fees covering services and activities under its supervision. The overhaul is intended to simplify the charging structure, remove costs that no longer serve […]
COPENHAGEN, DENMARK – Media OutReach Newswire – 30 July 2026 – Green SM today officially launched its fully electric taxi service in Copenhagen, marking the company’s first entry into the European market. The launch represents an important milestone in Green SM’s international expansion, following the successful rollout and operation of its services across Vietnam and several Asian markets.
The launch ceremony was attended by Mr. Do Quang Thai, First Secretary of the Embassy of the Socialist Republic of Vietnam in the Kingdom of Denmark, together with representatives from leading Danish organizations, including 3F, Dansk Erhverv, DPT and Carnegie Investment Bank, alongside strategic partners and industry stakeholders from the transport, technology, energy, finance and infrastructure sectors.
As one of the world’s leading cities in sustainable urban mobility, Copenhagen was chosen as Green SM’s first European market. Here, the company aims to complement the city’s existing transport network by offering another reliable, fully electric mobility option for residents and visitors alike.
In Denmark, the company operates a fully electric fleet of VinFast VF 6 and VF 8 vehicles, serving a wide range of everyday urban travel needs. Unlike many ride-hailing platforms that primarily connect passengers with independent drivers, Green SM directly owns and manages its fleet and oversees driver operations to help ensure consistent service quality and customer experience. During the initial phase of operations, Green SM will focus on establishing a reliable local operation, ensuring full compliance with Danish regulations, and continuously improving its service based on feedback from customers, drivers, and other stakeholders.
Delivering a safe, professional, and consistent customer experience begins with Green SM’s drivers. Before serving customers, every driver completes comprehensive training in road safety, customer service, operating procedures, and electric vehicle operation. Together with ongoing training and a robust local operations system, this helps ensure every journey reflects the high standards Green SM is committed to delivering.
Customers can book rides through the Green SM app, available on the App Store and Google Play. Fares are displayed before each trip is confirmed, and electronic receipts are issued automatically at the end of every journey. To mark its launch in Copenhagen, Green SM is offering new customers five (5) vouchers worth 25% off each trip, up to a maximum discount of 100 DKK per ride throughout the Grand Launch period from July 30 to September 30, 2026.
Richard Nabil Chahine, CEO of Green SM Europe, said: “Cities shape the future of mobility long before companies do. Copenhagen is one of those cities. That is why beginning our European journey here carries special meaning for Green SM. We come with deep respect for the standards already established here, drawing on what we have learned from serving millions of journeys across Asia. Our ambition is simple: to become a trusted mobility partner by delivering safe, professional and fully electric journeys that people can rely on every day. If we earn that trust, growth will naturally follow.”
Green SM’s expansion into Europe reflects the company’s long-term approach to international growth. Rather than prioritising rapid expansion, Green SM focuses on building well-structured local operations, adapting its services to local market needs, and earning trust through consistently reliable service.
With its fully electric fleet and low-emission operating model, Green SM hopes to contribute to Denmark’s long-standing ambitions for more sustainable mobility while providing another practical transport choice for everyday journeys.
Founded in Vietnam in 2023, Green SM currently operates in Vietnam, Laos, Indonesia, the Philippines, India and Kazakhstan. Through its fully electric fleet, technology platform and consistent operating standards, the company is steadily expanding internationally while adapting its services to local market needs.
Hashtag: #GreenSM
The issuer is solely responsible for the content of this announcement.
Danube Properties is preparing to deliver 11 developments across Dubai as the privately owned developer moves to convert a large off-plan construction pipeline into completed homes amid more selective buyer demand. The planned handovers span several of Dubai’s established and expanding residential districts, strengthening the company’s emphasis on timely completion as competition intensifies among developers. Founder and Chairman Rizwan Sajan said the delivery programme reflected Danube’s focus […]
Largest category marketing investment in 15 years supports Desert diamonds’ debut in Asia, opening a brilliant new chapter for natural diamonds
SHANGHAI, CHINA – Media OutReach Newswire – 30 July 2026 – De Beers Group hosted the Desert diamonds Asia launch event in Shanghai on 29th July, marking the official arrival of the Desert diamonds beacon in China, embodying the spirit of “authenticity, individuality and inner radiance”. This is the first new beacon launched by the Group in over a decade. Backed by its largest category marketing investment in 15 years, the campaign champions a renewed perspective for natural diamonds and aims to unite the industry, further underscoring the strategic role of China in shaping future demand for natural diamonds and supporting the industry’s long-term growth.
De Beers Group Desert diamonds Asia launch event in Shanghai.; Lynn Serfaty, General Manager of Natural Diamonds at De Beers Group, delivers an inspiring address in an interactive session with wellness coach Lear Tsui.
First unveiled in 2025 at the JCK Las Vegas Show, the Desert diamonds beacon marks a new chapter in the celebration of natural diamonds. Drawing inspiration from the desert landscapes that echo the ancient desert routes of Dunhuang and the lingering charm of the Silk Road, Desert diamonds pays tribute to the untamed authenticity of natural diamonds, celebrating a spectrum of colours from warm whites to champagne tones and amber hues. Desert diamonds jewellery has been seen on international stages – worn by celebrities such as Taylor Swift, Rihanna, Bad Bunny, Doja Cat, and Aryna Sabalenka. By bringing the beacon to China, De Beers Group aims to meet the growing consumer demand for self-reward, emotional gifting, and milestone celebrations — reaffirming the enduring desirability of natural diamonds for a new generation of consumers.
Departing from traditional jewellery marketing, De Beers Group has creatively invited “Real People” to interpret the unique allure of Desert diamonds. These “Real People” are not celebrities or professional models, but pioneering individuals from diverse fields who dare to pursue authenticity and illuminate their individuality through their own stories. They vividly embody the authenticity, individuality and inner radiance that Desert diamonds represent, through their personal journeys. This groundbreaking approach forges a deeper resonance between natural diamonds and genuine emotions, echoing today’s consumer desire for sincere and diverse narratives.
Lynn Serfaty, General Manager, Natural Diamonds, De Beers Group, said, “From red carpets to everyday life, consumers want a natural diamond that tells their personal story – a unique symbol for life’s most precious moments. Following its global success, we are confident in bringing Desert diamonds, a natural inspiration from the desert to China.”
She added: “Our research shows that Desert diamonds resonate strongly with Chinese consumers: 95% desire to own them, 94% find them distinctive, and 96% consider them innovative. Consumers increasingly see jewellery as a key expression of emotional connection and self-affirmation. The authenticity, individuality and inner radiance they seek are the soul of Desert diamonds. I’m delighted to see the industry is uniting to reignite passion for natural diamonds and shape a brilliant future.”
Desert diamond “Real People” features stand-up comedian Liu Yang, Peking Opera performer Guo Yu’ang, racing driver Shi Wei, and wellness coach Lear Tsui.
Departing from conventional advertising fronted by celebrities, De Beers Group has for the first time selected four “Real People” through authentic storytelling, breaking away from the traditional celebrity endorsement model. Each of them interprets the campaign’s theme — “Authenticity” — through their unique life stories: embracing every mark of life with truth, the singular stance of being born one of a kind, and the brilliant light that shines from deep within.
In China, consumers are increasingly drawn to jewellery that is authentic, rare, and everlasting — a clear shift toward self-expression through pieces that reflect authenticity, individuality, and inner radiance. De Beers Group observes that today’s consumers seek not only the timelessness of natural diamonds but also designs that are distinctive, personal, and value-driven — Desert diamonds perfectly embodies this exceptional realm of effortless refinement.
Chow Tai Fook, Chow Sang Sang and TSL | Tse Sui Luen present exquisite jewellery designs inspired by the colours and spirit of the desert landscape.
Leading retailers Chow Tai Fook, Chow Sang Sang and TSL | Tse Sui Luen, which are the strategic partners of the Desert diamonds campaign, have been developing collections that showcase the desert-inspired palette, underscoring the industry’s strong confidence in the campaign. The retailers will debut their Desert diamonds jewellery collections at the launch and lend their firm support to the campaign in future marketing initiatives.
Created to resonate with a new generation, this campaign targets young consumers through a holistic media and digital strategy. Today’s young consumers are proudly embracing tradition, finding meaning in their cultural roots. The creative storytelling parallels each diamond’s natural journey with the wearer’s own path, allowing the authenticity, individuality and inner radiance of Desert diamonds to strike a chord, and reinforcing that every Desert diamond and every individual is one of a kind. This narrative also echoes a timeless legacy of diamonds as the indestructible stone, a symbol of resilience and everlasting brilliance, and qualities this generation deeply admires. The campaign will steadily ramp up marketing investment, harnessing robust media and social influence to establish Desert Diamonds as the preferred choice of discerning consumers.
Beyond engaging consumers and retailers, the Desert diamonds campaign supports national efforts to drive quality consumption and product innovation. It aligns with the Shopping in China initiative, which promotes high-quality goods with strong provenance, traceability and sustainability. De Beers Group is leveraging the launch to drive natural diamond category education in China and champion premium natural diamond jewellery. With a focus on brand building, quality assurance, product innovation and sustainable development, Desert diamonds provides Chinese consumers with a trustworthy, high-quality choice, supporting the high-quality development of China’s consumer market and the initiative’s goal of stimulating domestic consumption.
Building on its global momentum, Desert diamonds has become a powerful cultural phenomenon. In the U.S., it has captured attention on red carpets and through high-profile celebrity engagements, with warm-toned diamonds growing increasingly visible across fashion, music, and entertainment. Retailers who took part in the initial U.S. campaign reported higher foot traffic and a surge in enquiries tied to life milestones – clear signs of growing consumer desire for these naturally warm diamonds at life’s defining moments. By drawing a parallel to the wearer’s own journey, the campaign positions Desert diamonds not just as gems, but as emotional keepsakes rooted in the earth and elegant symbols of true individuality and enduring meaning.
Please follow the official accounts to find more information regarding Desert diamonds.
The issuer is solely responsible for the content of this announcement.
About De Beers Group
Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers London and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach to sustainability that underpins our efforts to create meaningful impact for the people and places where our diamonds are discovered. Building Forever focuses on three key areas where, through collaborations and partnerships around the globe, we have an enhanced ability to drive positive impact; Livelihoods, Climate and Nature. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com.
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 […]
Skyro has introduced its Online Product Loan service in the Philippines through a partnership with MemoXpress, one of the country’s electronics retailers. The collaboration marks Skyro’s first online product loan partnership and expands access to flexible digital financing for Filipino consumers. The new solution allows customers to apply for a legitimate online credit facility directly during the shopping process. By integrating Skyro’s product loan option into the […]
Apple is facing a federal lawsuit from three investors who allege that a fraudulent cryptocurrency wallet distributed through its App Store enabled scammers to steal Bitcoin worth about $1.8 million. The complaint, filed on July 24 in the US District Court for the Northern District of California, accuses Apple of negligence, misrepresentation and failing to adequately review or monitor applications offered through its tightly controlled digital marketplace. […]
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 […]
An autonomous OpenAI agent compromised a customer workload hosted by Modal Labs during the same uncontrolled operation that penetrated Hugging Face, widening scrutiny of how frontier artificial intelligence systems are tested and contained. Modal chief technology officer Akshat Bubna said the agent exploited vulnerable code deployed by one of the cloud platform’s customers. Modal’s own corporate systems were not breached, but the disclosure confirms that the agent […]
The Supreme Court has urged Parliament to create distinct criminal offences for “digital arrest” scams and artificial intelligence-generated deepfakes, warning that existing laws do not adequately address technology-enabled fraud that has cost citizens about ₹54,000 crore over six years. Solicitor General Tushar Mehta told a bench headed by Chief Justice Surya Kant that the Centre was preparing legislation covering digital arrests, deepfakes and related cyber offences. The […]
Arabian Post Staff -Dubai Saudi billionaire Prince Alwaleed bin Talal has acquired a 5 per cent stake in Lucid Group, investing about $129.5 million as the electric vehicle maker battles heavy losses, weak demand and concerns over its funding needs. A regulatory disclosure showed that Prince Alwaleed beneficially owns roughly 19.5 million Lucid shares. The investment is separate from the controlling interest held by Saudi Arabia’s Public […]
(Figures for the corresponding period in 2025 are shown in brackets)
Consolidated revenue: HK$593 million (HK$ 636 million)
Consolidated net loss attributable to equity holders of the Company: HK$189 million (HK$ 249 million)
Basic loss per share: 9.28 HK cents (12.23 HK cents)
No interim dividend (No interim dividend)
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.
About PCPD
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.
Building Forever
