Arabian Post Staff -Dubai Saudi Arabia recorded a landmark year for tourism in 2025, welcoming more than 122 million domestic and international visitors and generating close to $80 billion in total spending, according to official estimates and sector-wide assessments. The figures underline the scale and pace of change in a country long associated with pilgrimage travel but now positioning itself as a diversified global tourism destination. Data […]
The inauguration was attended by national and local government leaders, including Cristina Roque, Secretary of the Department of Trade and Industry; Pamela Baricuatro, Governor of Cebu Province; Ace Durano, Cebu Provincial Administrator; Nito Durano, Mayor of Danao City; and Carmen Durano, Vice Mayor of Danao City.
Milestone Facility for a High-Growth Region
The Danao facility is the fourth—and largest—Jollibee Group commissary in Cebu and its first multi-brand, state-of-the-art commissary in the Philippines. It comes at a time of accelerating economic momentum in VisMin, driven by a strong tourism rebound, the rise of BPO hubs, expanding agribusiness exports, and growing manufacturing clusters—factors that continue to drive employment, consumer spending, and demand across the region.
Outfitted with advanced automation and integrated systems, the commissary is designed to support increasing demand across multiple Jollibee Group brands while generating efficiencies by consolidating equipment and production capabilities. This allows the Group to scale responsibly while upholding its standards for food quality, consistency, and operational excellence.
Supporting Brand Expansion and Same-Store Growth
The Danao Commissary supplies key ingredients and products for the Group’s major brands, including Jollibee, Chowking, Mang Inasal, Greenwich, Red Ribbon, and Burger King. These brands continue to expand their store networks in VisMin while sustaining same-store sales growth.
The facility strengthens the Group’s supply chain by supporting distribution centers serving Cebu, Iloilo, Bacolod, Zamboanga, Cagayan de Oro, and Davao, as well as select areas in Luzon—ensuring reliability and scalability as the company accelerates its nationwide expansion.
Economic Impact
Speaking during the program, Department of Trade and Industry (DTI) Secretary Cristina Roque highlighted the broader economic impact of the investment.
“Every new commissary that the Jollibee Group opens represents more jobs, more security, and more growth for our local industries,” Roque said. “As we open more commissaries, we are also encouraging more investments in our country while strengthening our supply chain.”
Speaking at the inauguration, Joseph Tanbuntiong, Chief Executive Officer of Jollibee Group Philippines and Global Head of Jollibee Brand, underscored the strategic importance of the new facility to both the company’s domestic and global growth.
“The opening of the Danao Commissary is both a reflection of our journey and a new beginning,” Tanbuntiong said. “Accelerating our growth by building on the strong momentum in Visayas and Mindanao is critical to our Philippine business.”
The investment also highlights the Jollibee Group’s confidence in Cebu as a strategic hub for manufacturing and logistics.
“This commissary underscores our confidence in Cebu—its people, its capability, and its role in our growth today and in the long term,” he added.
Community Impact and Sustainability
Beyond strengthening operational capacity, the Danao Commissary is expected to deliver shared value for local communities, generating close to 500 jobs, with over 60% of the workforce coming from Danao City. At full capacity, the commissary will create 800 jobs.
Sustainability features were integrated into the facility’s design and operations in line with the Jollibee Group’s Joy for Tomorrow agenda. From Day 1 of commercial operation, the Danao Commissary operates on 99% renewable electricity from geothermal sources. It is also equipped with roof-mounted solar panels, rainwater-harvesting systems, energy-efficient equipment, and wastewater treatment systems—supporting responsible, future-ready growth.
Tanbuntiong said the inauguration marks the beginning of a shared journey among stakeholders involved in the project.
“The success of the Danao Commissary is a shared success—for Danao, for Cebu, and for the nation. Together, we are building a stronger, more inclusive, and more sustainable future.”
Hashtag: #Jollibee
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Jollibee Foods Corporation (PSE: JFC) (the “Company”) is one of the world’s fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. It manages and operates a portfolio that includes 19 brands (the “Jollibee Group”) with over 10,000 stores and cafés across 33 countries.
The Jollibee Group’s portfolio includes nine (9) wholly-owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five (5) franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and in Botrista, a leader in beverage technology.
The Jollibee Group’s global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).
The Company has been recognized as the Philippines’ Most Admired Company by the Asian Wall Street Journal, named one of Asia’s Fab 50 Companies, and listed among Forbes’ World’s Best Employers and Top Female-Friendly Companies. The Company is also a four-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List.
www.jollibeegroup.com AD Ports Group has agreed to acquire full ownership of Balenciaga Astilleros Shipyard, one of Spain’s long-established shipbuilding and repair facilities, for a total consideration of €11.2 million, extending the Abu Dhabi-based group’s industrial footprint across the Mediterranean and reinforcing its push into offshore wind support services. The transaction is being executed through SAFEEN Drydocks, a subsidiary within Noatum Maritime, marking a further step in AD Ports […]
This recognition marks the third consecutive year Vinova has been named among Singapore’s fastest-growing companies, following its previous rankings in 2024 and 2025
A Track Record of Consistent Growth
Over the past 15 years, Vinova has earned a strong reputation for digital craftsmanship, delivering high-end mobile and web solutions alongside enterprise-level applications. This sustained growth has been driven by a clear strategic focus, disciplined execution, and a strong commitment to quality.
Our unwavering focus on quality and innovation enables us to serve over 300 clients worldwide. From fast-scaling startups to established Fortune 500 corporations, each benefiting from our dedication to delivering cutting-edge solutions with Singapore-standard excellence.
As we scale, Vinova remains committed to integrating ESG principles into our core operations, striving toward a Net Zero carbon footprint to ensure our innovation contributes to a sustainable future.
“We are honored to be recognized among Singapore’s fastest-growing companies once again in 2026,” said Mike Nguyen, CEO of Vinova. “This achievement belongs to our dedicated team, whose commitment and professionalism continue to drive our growth. We remain focused on delivering Singapore-standard excellence to our clients and partners worldwide.”
Strategic Expansion and Global Presence
In 2024, from our headquarter in Singapore, we took a significant step forward by successfully establishing operations in Thailand, strengthening our presence across the APAC region. At the same time, we are actively expanding our global reach through high-impact strategic partnerships.
These alliances seamlessly combine our signature artisan design standards with large-scale engineering capabilities, while ensuring Vinova continues to lead and innovate at the forefront of the international IT industry.
Hashtag: #Vinova, #Business, #Technology
https://vinova.sg/
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The issuer is solely responsible for the content of this announcement.
Vinova is a leading digital transformation agency and technology solutions provider based in Singapore. With a focus on crafting beautiful, functional, and impactful digital products, Vinova offers services in UX/UI design, web and mobile application development, and enterprise system integration. Known for its agile methodology and client-centric approach, Vinova helps businesses innovate and excel in the digital age.
Raaga, a Chennai-based music streaming platform with a large global audience, has confirmed a significant data breach that led to the exposure of personal information linked to more than 10.2 million user accounts, triggering renewed scrutiny of data protection practices across consumer digital platforms. The company acknowledged that a database containing user details was unlawfully accessed and later advertised for sale on an underground hacking forum during […]
Portugal’s gambling regulator has instructed crypto-based prediction market Polymarket to cease offering its services in the country within 48 hours, intensifying scrutiny of online platforms that allow users to wager on political and real-world outcomes without national authorisation. The Serviço de Regulação e Inspeção de Jogos, which oversees gambling activity under Portugal’s Tourism Authority, said the platform was operating illegally by facilitating bets without a licence and […]
Hainan Heren Pearl Co., Ltd., which mainly imports pearls from overseas, has emerged as a direct beneficiary of Hainan FTP policies.
Under the value-added processing policy, the company can sell its high-value products to the mainland duty-free, cutting its overall tax burden from about 52 percent to roughly 26 percent and redirecting the savings into research and development, said Zhang Shizhong, the company’s chairman.
“The FTP holds great promise, with more policy dividends set to be released in the future,” Zhang said.
One notable special customs policy is offering “freer access at the first line,” referring to freer trade between Hainan and areas outside China’s customs borders, and “regulated access at the second line,” which involves applying standard customs controls for goods moving from Hainan to the mainland.
According to Haikou Customs, from Dec. 18, 2025 to the early hours of Jan. 18, 2026, the value of “first line” imported zero-tariff goods was 753 million yuan (about 107 million U.S. dollars); the value of processed and value-added goods sold domestically through the “second line” was about 85.9 million yuan.
In Wanning City, production lines at Chia Tai (Hainan) Xinglong Coffee Industry Development Co., Ltd. are running at full capacity. The company imports green coffee beans from Colombia and processes them in Hainan before shipping the finished products to the mainland, enjoying an 8 percent tariff reduction under the FTP policies.
“After the launch of island-wide special customs operations, Hainan will gradually become a value-added processing center and trade hub with global resource allocation capabilities,” said Ye Jian, the company’s general manager. “Enterprises will not only pass through Hainan, but also be able to put down roots here and create higher value.”
Drawn by the policy incentives, a growing number of companies are choosing to do business in Hainan. The General Administration of Customs said a total of 5,132 new foreign trade enterprises completed registration in Hainan over the past month, an increase in a month roughly equivalent to the total registrations in an entire quarter of 2024.
The total number of registered foreign trade market entities in Hainan has surpassed 100,000, according to official data.
As the policy came into force, major ports across Hainan saw a surge in activity.
Days after Hainan began island-wide special customs operations, a flight from Prague carrying 115 European passengers touched down in the tourist city of Sanya, marking a breakthrough in the high-level opening up of the aviation sector at the Hainan FTP.
The arrival marked the launch of China’s first official passenger route operated under the Seventh Freedom of the Air, which allows foreign carriers to operate flights between two foreign countries without having to land in their home country.
The route is operated by Kazakhstan’s Scat Airlines, with one round-trip scheduled each week.
At Yangpu Port, the largest cargo port in the Hainan FTP, mega-ships berthing in quick succession, gantry cranes operating around the clock, and container trucks moving in tightly coordinated flows have become a routine sight.
“Yangpu will shoulder the role of the main logistics gateway of the Hainan FTP,” said Yang Xiaobin, deputy head of the Transportation, Port and Waterway Bureau of Yangpu Economic Development Zone. “The port aims to build a smart and green international shipping hub and logistics center.”
Container throughput at Yangpu reached 3.31 million twenty-foot equivalent units (TEUs) in 2025, up more than 65 percent from a year earlier.
“It is particularly noteworthy that the Hainan FTP launched island-wide special customs operations at a time of intensifying deglobalization and rising global uncertainty,” said Cui Weijie, deputy director of the Chinese Academy of International Trade and Economic Cooperation, a think tank with the Ministry of Commerce.
“It not only demonstrates China’s unwavering commitment to high-standard opening up, but also injects greater certainty and positive momentum into the global economy and international trade cooperation,” Cui said.
Hashtag: #HainanFreeTradePort #HainanFTP #CustomsReform #FreeTradePort #DutyFreeTrade
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Stability is not their only concern, however; the drive toward carbon neutrality is accelerating the adoption of renewable energy and electrification. Integrating large amounts of new energy sources and managing unpredictable new loads requires flexibility from power systems.
Jason Li, President of the Marketing & Solution Sales Dept of Huawei Electric Power Digitalization BU, explained that “In the past, we relied mostly on automation to address issues in power grids. In the future, however, power grids will transform from mere transmission systems into pivotal players in the energy transition. Digitalization and AI are shifting from optional upgrades to essential elements in core power generation. Together with automation, they form the key drivers for modernizing power grids.”
He added, “We believe that deeply integrating digital technologies into power scenarios and reshaping production and operations with telecommunications and AI will enable grids to achieve both ultimate stability and flexibility.”
The large-scale integration of distributed PV, energy storage, and charging piles into the grid, coupled with growing user interaction and potential load-side transactions, presents new challenges for maintaining the balance, stability, and security of distribution networks.
“The breakthrough for future power systems lies in the distribution network,” Jason noted. “And the key to addressing distribution challenges is transparency at the 400 V low-voltage level. To achieve this, Huawei and partners have jointly developed the intelligent distribution solution (IDS) for transparent low-voltage management.”
At Mobile World Congress 2026 in Barcelona, Huawei will showcase its latest AI applications in power digitalization, including innovative solutions for intelligent power distribution, substations, and power plant inspections. To explore successful digital transformation in the power sector, visit the Huawei booth at stand 1H50, Fira Gran Via Hall 1.
Hashtag: #Huawei
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First Shell Recharge Electric School Bus Charging Station installed in CUHK
As one of the leading global energy companies, Shell continues to focus on its strategy to deliver more value with less emissions while working to become a net-zero emissions business by 2050, contributing to global decarbonisation. This year, Shell installed CUHK’s first Shell Recharge electric school bus charging station, featuring two fast chargers with a power output of 120 kW, ensuring rapid and efficient energy replenishment for CUHK’s electric school buses. At the same time, Shell consistently upholds high safety standards, with stringent controls in the design, installation, and operation of the charging station to ensure a safe and reliable electric vehicle charging experience.
Since 2018, Shell has supported CUHK’s sustainability initiatives by supplying Shell FuelSave Diesel B5 for the university’s fleet, helping reduce emissions and enhancing operational efficiency. The collaboration has expanded with the introduction of fast-charging facilities further modernises CUHK’s transportation system and accelerates the adoption of innovative low-carbon technologies. Looking ahead, Shell will continue to work with CUHK to lead the development of advanced mobility solutions and demonstrate leadership in campus sustainability.
Mr. Yew Chong Tan, General Manager of Shell Commercial Fuels East, commented, “At Shell, we are committed to working with customers and partners to provide holistic energy solutions that power progress together. The installation of this electric school bus charging station at The Chinese University of Hong Kong exemplifies our dedication to such collaboration as we navigate the energy transition.”
First Hybrid School Bus to Begin Operates at CUHK
The Hong Kong Productivity Council (HKPC) has provided CUHK with the first hybrid school bus ever deployed on a Hong Kong campus, which helps reduce diesel consumption and lower exhaust emissions compared to regular diesel coaches. When utilizing fast charging directly, it can reach an 80% battery charge in as little as 25 minutes.
Mr. Yonghai Du, Chief Innovation Officer of HKPC and General Manager, Centre of Advanced Power and Autonomous Systems (APAS), added, “This 12-meter plug-in hybrid bus is the first green transport project designed, developed, and assembled in Hong Kong by APAS, funded by the Innovation and Technology Fund and supported by our industry partners. This collaboration exemplifies the shared commitment of academia and industry to social responsibility. HKPC will continue to pioneer diverse innovative solutions, foster collaboration among ‘Government, industry, academia, research, investment, and applications’, expand the application demonstration of new technologies, products, and scenarios, and drive the transition towards green transportation.”
CUHK Advances Low-Carbon Transportation
These two major initiatives not only highlight CUHK’s dedication to sustainable development but also set a new standard for environmentally conscious transformation in transportation across Hong Kong.
Mr. Simon Lee, Director of Security and Transport at The Chinese University of Hong Kong, stated, “CUHK is committed to promoting sustainable development and embedding environmental protection principles within daily campus operations. By installing the EV charging station and introducing the hybrid campus bus, we aim to offer convenient transportation for staff and students while reducing carbon emissions and achieving low-carbon mobility. I would like to express my heartfelt gratitude to Shell for its strong support of the charging station project and to the Hong Kong Productivity Council for its professional assistance in introducing the hybrid campus bus, enabling us to jointly drive campus transportation toward a new green milestone.”
Hashtag: #Shell #CUHK #ElectricBusChargingStation
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SINGAPORE – Media OutReach Newswire – 19 January 2026 – ESET, a global leader in cybersecurity solutions, today announced the launch of two Managed Detection and Response (MDR) subscription tiers: ESET PROTECT MDR for small and medium businesses (SMBs) and ESET PROTECT MDR Ultimate for enterprises in Singapore.
Bridging the gap with MDR
ESET PROTECT MDR delivers a comprehensive cybersecurity package, offering 24/7/365 superior protection. This includes modern protection for endpoints, email, and cloud applications, vulnerability detection and patching, and managed threat monitoring, hunting, and response. For enterprises, ESET PROTECT MDR Ultimate offers continuous proactive protection and enhanced visibility, coupled with customised threat hunting and remote digital forensic incident response assistance.
ESET’s APAC SMB Cybersecurity Report 2024 revealed that 49% rate lacking a dedicated cybersecurity team and 52% rated keeping up with the latest threats as one of the top three cybersecurity challenges in Singapore. 31% also cited alert fatigue as the biggest challenge. Incidentally, APAC also faces the largest shortage of cybersecurity experts in the world. These highlight the urgent need for skilled cybersecurity professionals and managed services that can help bridge the country’s growing talent gap. ESET’s MDR services ensure organisations of all sizes and cybersecurity maturity to stay one step ahead of all known and emerging threats, effectively closing the cybersecurity talent gap, and facilitating expert consultations for incident management and containment in a fully managed experience.
ESET MDR delivers a remarkable 6-minute Mean Time to Respond (MTTR) — the fastest in the industry*. In comparison, the median time for organizations to detect a breach is 24 days**, leaving critical systems and data exposed for weeks. Every hour that a breach goes undetected dramatically increases the risk of data loss, operational disruption, and financial damage.
“Cyber threats are becoming more sophisticated and more time-critical, especially in highly connected digital economies like Singapore,” said Pamela Ong, Country Manager of Asia and Singapore at ESET. “Our AI-powered MDR services combine automation, human expertise, and global threat intelligence to help organisations move beyond reactive security. The ability to detect and respond within minutes can make the difference between a contained incident and a major breach.”
ESET’s MDR services Meet the Unique Challenges of MSPs
ESET recognises the growing pressures facing MSPs who must balance the critical task of securing clients’ complex IT environments with their own business growth and operations. With threat actors going heavy on supply-chain attacks and abusing MSP tooling, MSPs too find themselves fixed in the crosshairs of cybercriminals. Simply put, MSPs are not only potential victims, but also potential accessories to a crime. To help MSPs fulfill their security potential, ESET’s MDR is also designed to be deployed in an MSP environment with a single solitary security service, available 24/7 that help MSPs to secure themselves as well as their clients.
For more information, please visit www.eset.com/sg
*Based on publicly available information as of 1 October 2025.
**Verizon 2025 Data Breach Investigations Report
Hashtag: #ESET
The issuer is solely responsible for the content of this announcement.
ESET® provides cutting-edge digital security to prevent attacks before they happen. By combining the power of AI and human expertise, ESET stays ahead of known and emerging cyberthreats — securing businesses, critical infrastructure, and individuals. Whether it’s endpoint, cloud, or mobile protection, our AI-native, cloud-first solutions and services remain highly effective and easy to use. ESET technology includes robust detection and response, ultra-secure encryption, and multifactor authentication. With 24/7 real-time defense and strong local support, we keep users safe and businesses running without interruption. An ever-evolving digital landscape demands a progressive approach to security: ESET is committed to world-class research and powerful threat intelligence, backed by R&D centers and a strong global partner network. For more information, visit www.eset.com or follow us on LinkedIn, Facebook, and 
X.
HONG KONG SAR – Media OutReach Newswire – 19 January 2026 – In response to the evolving global trade landscape and accelerating digital transformation, Hong Kong is consolidating its strength and reinforcing its position as an International Trade Centre while driving industry digitalisation. PAO Bank Limited (“PAObank”) has actively support the HKSAR Government’s initiatives to promote data-sharing infrastructure and financial technology development. PAObank adopted data from “Port Community System” (“PCS”), serving as a pilot case to explore the potential of the PCS data in replacing traditional freight documentation. PAObank has been invited to join PCS Rollout Ceremony, sharing professional insights on leveraging cargo data to promote digital trade finance.
The PCS enables interoperability of logistics data across sea, land and air transport, establishing a comprehensive and reliable logistics footprint for cargo transiting through Hong Kong. PAObank, as the first digital bank to participate in the Commercial Data Interchange initiative, has become a leader in harnessing alternative data to streamline financing process. PAObank was invited to PCS Rollout Ceremony on 16 January to share its practical experience in utilising PCS for trade finance. The real-time import/export customs declaration and cargo data provided by PCS empower banks to better understand the trade and capital flows of SMEs, thereby reducing credit costs and enhancing the efficiency of trade finance.
Mr. Ambrose Wong, Alternate Chief Executive & Chief Risk Officer of PAObank, remarked in the panel discussion, “As one of the Ping An Group’s integrated financial platforms in Hong Kong, PAObank is driven by the vision of empowering finance through technology. We are at the forefront of utilising alternative data to simplify SME financing and establishing industry benchmarks. Traditional port information is often fragmented, and banks lack access to consolidated trade data, making it difficult to assess business operations and credit risks in a timely and accurate manner, which affects financing efficiency. PCS provides unified, reliable, and comprehensive logistics data, further breaking down industry data barriers. This enables banks to access real-time data, quickly and accurately evaluate SME business conditions, and conduct more precise credit approvals to meet SMEs’ funding needs and help them seize business opportunities.”
Mr Ambrose Wong continued, “PAObank is honoured to serve as one of the pilot cases for the PCS, contributing to system optimisation and the realisation of cross-sector data sharing. PAObank will continue to support the HKSAR Government in jointly promoting the digitalisation of trade finance, deepening application scenarios, and enabling more SMEs to benefit from robust data-sharing infrastructure, contributing to strengthening Hong Kong’s position as an international financial and trade centre.”
Looking ahead, as part of Ping An Group’s integrated financial platforms in Hong Kong, PAObank will continue to strengthen its commercial data utilisation, integrating diverse data from trade, logistics and finance to unlock data potential. The bank will continue to be the trade partner, offering banking services including foreign currency deposits, cross-border remittance, and foreign currency exchange to help SMEs unlock their business potential. In addition, PAObank is actively developing innovative financial technologies to provide more diversified services for SMEs and individual customers, working together to promote the sustainable and healthy development of Hong Kong’s economy.
Hashtag: #PAObank #PCS #TradeFinancing
The issuer is solely responsible for the content of this announcement.
PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking, serving customers in Hong Kong and the Greater Bay Area, establishing itself as one of the Ping An Group’s comprehensive financial platforms in Hong Kong.
A Milestone in Sustainable Operations & Facility Management
Storefriendly stated: “Achieving this Excellent rating reinforces our commitment to ESG goals. By optimizing our operations management, we ensure that our self-storage facilities are not only efficient but also environmentally responsible, providing our customers with a superior and greener storage experience.”
Selective Scheme Focuses on Building Performance Across Key Assessment Areas
BEAM Plus EB reviews a building’s sustainability performance through multiple assessment areas, including Site, Management, Materials & Waste, Energy Use, Water, Indoor Environmental Quality, and Innovation. Within these, the Management aspect places strong emphasis on responsible management practices and measures that promote the sustainable operation of building spaces. Achieving an Excellent rating in this aspect further validates Storefriendly’s ongoing investment and results in day-to-day operations management and its broader sustainability strategy.
Integrating Smart Technology with Green Logistics
Storefriendly continues to invest in cutting-edge technology—including AI-powered customer service systems and Safety Box. By combining smart access controls with energy-efficient facility management, the Group enhances both security and operational performance. This HKGBC recognition serves as a roadmap for the Group’s future, as it strives to modernize the mini storage industry with forward-thinking, sustainable solutions for both personal and business clients.
The following five Storefriendly Tower properties have been certified by HKGBC and included in the Existing Buildings portfolio assessment:
1. Storefriendly Tower (Peninsula East): 82 Hung To Road, Kwun Tong
2. Storefriendly Tower (Metropolis East): 13 Yip Cheong Street, Fanling, New Territories
3. Storefriendly Tower (Island East): 8 A Kung Ngam Village Road, Shau Kei Wan
4. Storefriendly Tower (Peninsula West): 850-870 Lai Chi Kok Road, Cheung Sha Wan
5. Storefriendly Tower (Metropolis West): 22-28 Tai Chung Road, Tsuen Wan
Hashtag: #Storefriendly
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Founded in 2002, Storefriendly Self Storage Group is one of Asia’s leading self-storage brands, with operations across Hong Kong, Macau, Singapore, and Taiwan. The Group operates over 90 branches and more than 40,000 storage units. Over half of its branches are self-owned properties, conveniently located and equipped with 24-hour smart access and comprehensive security systems, providing safe and flexible storage solutions for both individual and business customers. The Group continues to invest in technology—including AI-powered customer service, wine storage, and smart safety boxes—to elevate service quality through innovation and deliver an enhanced storage experience.
Visit Storefriendly: https://www.store-friendly.com/en/
India has overtaken most markets to become the world’s second-largest 5G network by user base, crossing an estimated 400 million subscribers as operators expand coverage and devices become more affordable. The scale of adoption places the country behind only China, underscoring the pace at which fifth-generation services have spread across cities, towns and large rural corridors.
Official tallies compiled from industry disclosures and regulatory filings show nationwide 5G availability across all states and union territories, with more than 450,000 base stations activated since commercial launch in October 2022. Data from the Telecom Regulatory Authority of India indicates that fifth-generation users now account for a substantial share of total mobile broadband connections, a shift that has occurred faster than earlier transitions from 2G to 3G and 4G.
India’s 5G surge reshapes global rankings as operators leveraged aggressive rollouts and introductory pricing to seed usage. The government’s early spectrum auctions, coupled with simplified right-of-way rules for fibre and towers, reduced deployment friction. Policymakers also pushed indigenous manufacturing through production-linked incentives, lowering equipment costs and shortening supply chains.
Market leaders have driven much of the momentum. Reliance Jio built a standalone 5G network using mid-band spectrum and dense fibre backhaul, prioritising urban clusters and industrial zones before pushing into smaller towns. Bharti Airtel opted for a non-standalone architecture initially, upgrading existing 4G sites to accelerate time-to-market while expanding capacity. Vodafone Idea has begun selective launches following capital infusions, focusing on circles with higher data demand.
Subscriber growth has been supported by falling handset prices and a rapid refresh cycle. Entry-level 5G smartphones from domestic and global brands now sit near mass-market price points, while older devices have been phased out as networks refarm spectrum. Analysts note that average data consumption per user has climbed as video streaming, cloud gaming and real-time navigation benefit from lower latency and higher throughput.
Enterprise use cases are also gaining ground. Private 5G deployments are being tested in ports, manufacturing plants and campuses to support automation, predictive maintenance and machine vision. The Department of Telecommunications has approved pilot licences for captive networks, enabling firms to experiment without relying solely on public networks. Healthcare applications such as remote diagnostics and education tools like immersive classrooms are being trialled in partnership with state governments.
The speed of expansion reflects a competitive pricing environment. Unlimited 5G plans bundled with 4G subscriptions reduced barriers to trial, while promotional offers encouraged device upgrades. Industry executives argue that scale efficiencies and declining network costs will support sustainable pricing even as data traffic rises.
Challenges persist. Monetisation remains uneven as consumers expect higher speeds at similar prices, pressuring average revenue per user. Network densification in dense urban areas requires continued capital expenditure, and power availability in remote regions complicates operations. Cybersecurity and data privacy frameworks must keep pace with new applications that rely on ultra-reliable connectivity.
Spectrum policy will shape the next phase. Operators are seeking clarity on millimetre-wave allocations to unlock ultra-high-capacity hotspots for campuses and stadiums. Backhaul capacity, particularly fibreisation of towers, is another bottleneck that policymakers are addressing through coordinated infrastructure planning.
Globally, India’s ascent alters competitive dynamics. Vendors see the market as a proving ground for large-scale deployments, while application developers view it as a launchpad for services that require millions of concurrent users. The country’s experience is being studied by emerging economies looking to leapfrog directly to advanced mobile broadband.
Arabian Post Staff -Dubai Dubai is preparing to introduce electric air taxis into commercial service before the end of the year, marking a pivotal step in the emirate’s push to reshape urban mobility through cleaner, faster transport options. The timeline was outlined by Mattar Al Tayer, chairman of the Dubai Roads and Transport Authority, who said regulatory approvals and infrastructure preparations are advancing in parallel with […]
Greenlogue/AP A consortium led by Abu Dhabi Future Energy Company Masdar has achieved financial close for Oman’s first utility-scale solar power project integrated with battery energy storage, marking a significant step in the Sultanate’s clean energy transition and long-term decarbonisation strategy. The project, located in the Wilayat of Manah in the Ad Dakhiliyah Governorate, is designed to supply enough electricity to power about 33,000 homes while avoiding […]
Meta Platforms has exempted Brazil from a policy that barred third-party artificial intelligence chatbots from operating through WhatsApp’s Business API, adjusting its global stance after intervention by the country’s competition authority. The decision allows businesses in Brazil to continue deploying external AI tools on WhatsApp, reversing a restriction that had drawn complaints from technology firms and raised concerns about market foreclosure. The change follows scrutiny by Brazil’s […]
Dubai has rolled out a pilot shared school transport service that aims to reshape the daily school run by combining technology-enabled operations with shared mobility, as the emirate seeks to ease congestion, improve safety standards and cut the cost burden on families. The initiative is being led by Dubai Roads and Transport Authority in partnership with Yango Group, a global technology firm with experience in mobility platforms […]
MNA Ventures, a premier diversified holding group and “one-stop-shop” conglomerate, today released its 2025 Year-End Summary. The report details a transformative period of internal optimization and aggressive international growth, reinforcing the group’s position as a global parent entity across the UAE, Europe, and emerging markets. Throughout 2025, MNA Ventures continued to execute its “solutions-first” strategy—developing internal tools to resolve complex corporate challenges before scaling them into market-leading subsidiaries. […]
This is the fifth edition of the Hong Kong Economic Policy Green Paper, released by HKU Business School, with the aim of providing recommendations on how Hong Kong can effectively tackle these challenges.
HKU Business School today unveils the Hong Kong Economic Policy Green Paper 2026. From left: Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management of HKU Business School, Prof. Dragon Tang, Professor in Finance in HKU Business School, Professor Hongbin CAI, Dean and Chair of Economics of HKU Business School, Prof. Richard Wong, Provost and Deputy Vice-Chancellor of The University of Hong Kong and Director, Hong Kong Institute of Economics and Business Strategy, Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Associate Dean of HKU Business School, and Dr. Tingting Fan, Principal Lecturer in Marketing of HKU Business School.
Prof. Richard Wong, Provost and Deputy Vice-Chancellor of The University of Hong Kong and Director, Hong Kong Institute of Economics and Business Strategy said, “This Green Paper was released after months of rigorous research by the scholars from HKU Business School. Grounded in an academic perspective and guided by a pragmatic, problem-solving approach, we have conducted objective analyses and in-depth investigations into core issues and real-world challenges currently facing Hong Kong’s development in political and economic operations, people’s livelihood, and industrial upgrading. Our aim is to provide the Government and relevant authorities with valuable insights and actionable policy recommendations.”
Professor Hongbin Cai, Dean and Chair of Economics of HKU Business School, said, “As a ‘super-connector’ bridging China and the world, Hong Kong’s unique role remains indispensable. Looking ahead, Hong Kong must deeply integrate into China’s national development plans, and also take a more prominent role on the international stage, with an in-depth understanding of the global market and active engagement with its international collaborators.
With campuses in Beijing, Shanghai, and Shenzhen, and an expanding presence in Vietnam and Europe, HKU Business School embodies our unique proposition: deeply rooted in Hong Kong, fully engaged with the Chinese Mainland, and truly international. This year’s Green Paper reflects our dedication to inspiring solutions based on rigorous research. As a world-class institute of higher education, we are committed to enabling Hong Kong to further unleash its core values and usher in a new era of high-quality development.”
Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Associate Dean of HKU Business School, added, “This Green Paper features research papers from ten teams of scholars with diverse backgrounds and varied expertise. Based on profound insights into Hong Kong’s development, they offer unique and targeted policy recommendations, building a rich and multifaceted framework of issues for the Green Paper. At the same time, behind these research achievements lies the scholars’ deep affection for and sense of responsibility toward Hong Kong.”
Regarding how digital technology can boost Hong Kong’s trade finance, he emphasised: “Both data and industry feedback clearly demonstrate the core value of trade finance. However, we need more synergy in the trade finance ecosystem and to catch up in digitisation. To address this, we must strengthen the governance and standard promotion of digital trade platforms and tools, deepen the cross-border interoperability of trade data, expand the functions of the Hong Kong Export Credit Insurance Corporation, focus on high-value-added trade enterprises, extend the coverage of Free Trade and Double Taxation Avoidance agreements, and promote responsible stablecoin adoption and Renminbi internationalisation.”
Prof. Dragon Tang, Professor in Finance at HKU Business School, stated, “Hong Kong is uniquely positioned to lead in the integration of blockchain technology within green finance, exemplified by our pioneering issuance of the world’s first tokenised green bonds, totalling HKD 6 billion in February 2024. With green finance representing a critical avenue for sustainable development, the global market is projected to grow significantly, emphasising the importance of transparency and trust. To capitalise on this opportunity, we must enhance our blockchain infrastructure, establish clear regulatory standards, and promote cross-border integration with initiatives like Core Climate. By leveraging blockchain’s capabilities, we can significantly reduce costs, improve transparency, and engage a broader investor base, ultimately driving our transition to a sustainable finance future.”
Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management, HKU Business School, commented on her study, saying, “Two weeks post-implementation of the hospital fee reform, the media reported no significant change in emergency department crowding, which aligns with what our analysis predicted. Overcrowding isn’t simply about patient behaviour – it’s a structural issue. Demographics are shifting, capacity is constrained, and alternative treatment options remain limited. What we now need is a careful, systematic evaluation of the fee changes. Where are vulnerable patients going for care? Are some patients delaying treatment? What unintended effects are emerging? Effective reform requires pairing fee adjustments with expanded primary care access. We can’t solve a capacity problem with pricing alone.”
Dr. Tingting Fan, Principal Lecturer in Marketing at HKU Business School, presented as well, spoke on her study and asked, “Why did Pop Mart go public in Hong Kong but register IP in Singapore? Or why was Molly ‘born’ in Hong Kong but did not go viral from Hong Kong? Why have local companies not managed to turn these homegrown IPs into major business triumphs? Learning from the past and looking forward, Hong Kong can leverage its financial market, legal system, as well as talents to build a comprehensive IP industry infrastructure and become an IP hub.”
The Green Paper includes ten articles; the key points are as follows:
Empowering Merchandise Trade Finance with Digital Technology in Hong Kong
Author: Prof. Heiwai Tang, Associate Vice-President (Global), The University of Hong Kong; Associate Dean (External Relations), HKU Business School; Associate Director, Hong Kong Institute of Economics and Business Strategy; Victor and William Fung Professor in Economics
Rebuilding Hong Kong as the Catalyst to the Greater Bay Area (GBA) Startup Ecosystem
Prof. Alberto Moel, Professor of Practice in Finance, HKU Business School
Prof. Joseph Chan, Associate Professor of Practice in Management and Strategy, HKU Business School; Associate Director, Centre for Innovation and Entrepreneurship
The Applications of Blockchain in Green Finance: Hong Kong’s Experience and Opportunities
Author: Prof. Dragon Tang, Professor in Finance, HKU Business School; Associate Director, Centre for Financial Innovation and Development
Can Hong Kong be an IP hub for Future Labubu? An Overview of Hong Kong’s IP Industry
Dr. Tingting Fan, Principal Lecturer in Marketing, HKU Business School
Prof. Heiwai Tang, Associate Vice-President (Global), The University of Hong Kong; Associate Dean (External Relations), HKU Business School; Associate Director, Hong Kong Institute of Economics and Business Strategy; Victor and William Fung Professor in Economics
Thematic Research: Maximisation of Social Value and Shareholder Value – Insights from Hong Kong-listed Companies Across Sectors
Author: Prof. Sean Chang, Associate Professor of Practice in Finance, HKU Business School
Housing Affordability and Homeownership in Hong Kong, 1985-2023
Mr. Allen W. Huang, Student Researcher, Hong Kong Future Economy Institute
Mr. Alex Ngau, Research Associate, Hong Kong Future Economy Institute
Prof. Michael B. Wong, Assistant Professor in Economics, Management and Strategy, HKU Business School
Beyond Crisis Management: Structural Reform for the Overcrowding in Hong Kong’s Emergency Departments
Prof. Huiyin Ouyang, Associate Professor in Innovation and Information Management, HKU Business School
Ms. Yiran Zhang, PhD student, HKU Business School
Initial Efforts to Empirically Measure AI Activity and Its Impacts on Hong Kong’s Labour Market
Prof. Alan Kwan, Associate Professor in Finance, HKU Business School
Prof. Mingzhu Tai, Associate Professor in Finance, HKU Business School; Associate Director, Institute of Behavioural and Decision Science
Mr. Zihan Wang, Master student, HKU Business School
The Impact of Generative Artificial Intelligence on Cybersecurity in Hong Kong
Author: Prof. Michael Chau, Professor in Innovation and Information Management, HKU Business School
Hong Kong’s Next Growth: Pioneering the Web 3.0 Ecosystem
Prof. Yulin Fang, Professor in Innovation and Information Management, HKU Business School; Director, Institute of Digital Economy and Innovation
Mr. Yangchen Mou, PhD student, HKU Business School
The full version of the Green Paper can be accessed here. Hi-res photos are available here.
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Established in 2001, HKU Business School is one of the youngest and most dynamic members of The University of Hong Kong (HKU). The School strives to nurture first-class business leaders and foster academic and relevant research that serves the needs of Hong Kong, China and the rest of the world in the new Asia-led economy. As a top international business school, the School has established its place as a globally impactful institution that leads the way through timely thought leadership, pioneering research, and educational excellence. Deeply rooted in Hong Kong and fully engaged with China, the School’s world-class faculty equip students with global knowledge and perspectives.
HKU Business School offers business education across a full range of disciplines, while achieving remarkable growth in faculty strength and research capabilities. The School ranks Asia’s No.1 in Financial Times’ Aggregated Research Ranking for two consecutive years, 2024 and 2025, while the University of Hong Kong ranked 11th in the world and No. 1 in Asia according to the QS World University Rankings 2026. The School has strategic partnerships with world-renowned universities and corporate partners, providing market-oriented content, superior learning, and instrumental resources.
To better serve our students and alumni in various cities and regions, and to facilitate collaboration opportunities with business communities around the globe, HKU Business School has established a unique international network that extends to Beijing, Shanghai, Shenzhen and Ho Chi Minh City.
HKU Business School is fully accredited by the European Quality Improvement Systems (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB).
Visit us at https://www.hkubs.hku.hk/
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Public spaces across Downtown Dubai were restored in under 55 minutes after New Year’s Eve celebrations, as Emrill completed a large-scale overnight clean-up following one of the city’s biggest annual events. More than 308 team members were deployed across the district to clear waste, reset streets and pedestrian zones, and return key public areas to normal use before early-morning activity resumed. The operation, delivered for the thirteenth […]
Greenlogue/AP Abu Dhabi Future Energy Company PJSC – Masdar has signed a long-term power purchase agreement for a 150-megawatt solar photovoltaic project in Angola, marking its first contracted power deal in the country and extending the company’s African portfolio at a time when regional governments are accelerating grid expansion and energy diversification. The agreement covers the Quipungo Solar PV project, located in Angola’s southern region, and was […]
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Government authorities are moving to compel smartphone manufacturers to submit portions of their operating system source code for mandatory security audits, escalating a standoff with global technology companies that warn such a requirement could undermine intellectual property protections and user privacy. The proposal, under discussion within policy circles in New Delhi, reflects mounting concern about cyber intrusions, supply-chain vulnerabilities and the growing role of mobile devices in payments, governance and national security.
Officials familiar with the matter say the plan would require vendors selling smartphones in the country to make critical software components available for inspection by government-approved laboratories. The focus would be on core operating system layers, firmware and security modules rather than consumer-facing applications. Proponents argue that access to code is essential to verify whether hidden vulnerabilities, backdoors or insecure update mechanisms could be exploited by hostile actors.
The push has brought the government into direct tension with companies such as Apple and Samsung, whose devices dominate the premium and mass-market segments. Executives and industry representatives have privately conveyed resistance, arguing that exposing proprietary code, even to auditors bound by confidentiality, creates unacceptable risks of leaks and reverse engineering. They also contend that global platforms already undergo extensive third-party security testing and comply with international standards.
At the heart of the debate is whether national security imperatives justify a departure from prevailing global norms. Countries including China and Russia operate regimes that allow state scrutiny of technology products, though often under opaque processes that foreign firms say are difficult to reconcile with commercial safeguards. Western regulators have largely relied on certification frameworks, vulnerability disclosure programmes and cooperation with vendors rather than direct access to source code. India’s approach, if formalised, would place it closer to the former camp, potentially setting a precedent for other large emerging markets.
Government officials counter that smartphones have become gateways to sensitive data far beyond personal communications. Devices are routinely used for digital identity verification, financial transactions and access to public services. Any systemic weakness could have cascading effects. They also point to a rise in sophisticated cyber operations attributed by security researchers to state-linked groups, arguing that reliance on vendor assurances is no longer sufficient.
The proposal is understood to be steered by the Ministry of Electronics and Information Technology, which has expanded its remit in cybersecurity and digital governance. Policy discussions have examined models ranging from escrow-based code access, where source material is held by a trusted intermediary, to controlled on-site inspections without code being copied. Each option presents trade-offs between assurance and exposure.
Industry bodies warn that mandatory disclosure could chill investment and complicate product launches. Smartphone operating systems are developed on global codebases, updated frequently and protected by layers of licensing agreements with component suppliers. Altering that structure for a single market risks fragmenting development and delaying security patches. There are also concerns about reciprocity: once one jurisdiction demands code access, others may follow, multiplying compliance burdens.
Privacy advocates occupy an ambivalent position. Some support deeper scrutiny to ensure devices do not surreptitiously collect or transmit data. Others caution that state access to low-level software could itself become a vector for abuse if oversight is weak. They stress the need for transparent audit criteria, independent supervision and clear limits on how findings are used.
The commercial stakes are significant. India is one of the world’s largest smartphone markets by volume and a critical manufacturing hub under production-linked incentive schemes. Companies have invested heavily in assembly plants and local supply chains, betting on policy stability. A protracted dispute over code access could influence decisions on future capacity and research investment, even if an outright exit is unlikely.
