Arabian Post Staff -Dubai Saudi low-cost carrier flynas has agreed to acquire a 10 per cent stake in Swissport Saudi Arabia for about SAR50 million, pairing the investment with a five-year exclusive ground-handling agreement covering its network across the kingdom. The transaction, signed on September 6 and disclosed to the Saudi Exchange on Monday, also gives flynas an option to buy an additional 10 per cent of […]
Arabian Post Staff -Dubai Oman and Yemen have signed two agreements to connect the electricity grids of Dhofar and Al Mahra, opening a cross-border supply route designed to improve power reliability in eastern Yemen. The agreements, concluded in Salalah on Sunday, cover an interconnection between Oman’s Dhofar Governorate network and the grid serving Yemen’s Al Mahra Governorate. The project will initially supply Hawf and Shahn before extending […]
Arabian Post Staff -Dubai Etihad Salam Telecom Company signed 29 strategic partnerships during LEAP 2026 in Riyadh, using the four-day technology gathering to widen its portfolio across connectivity, cloud services, cybersecurity, artificial intelligence and enterprise digital solutions. The company, known as Salam, said the agreements formed the centrepiece of its participation as a strategic sponsor and supported its shift from a traditional telecommunications provider towards an integrated […]
Arabian Post Staff -Dubai Bahrain has signed its Participation Contract for Expo 2030 Riyadh, establishing the formal framework for its pavilion, programmes and visitor experience at the six-month World Expo. The agreement, signed in Manama on September 3, moves Bahrain’s participation from confirmation and preparatory work into detailed planning and implementation. It was signed by Sheikh Khalifa bin Ahmed Al Khalifa, president of the Bahrain Authority for […]
Construction of Abu Dhabi’s Dh6.4 billion Sphere has moved into active delivery, with piling, ground works and soil improvement under way on Yas Island. ALEC Holdings chief executive Barry Lewis said the project had advanced substantially since the contractor secured the award from the Department of Culture and Tourism – Abu Dhabi in May. AtkinsRéalis has been brought in as lead designer, permit applications have been submitted […]
Security researchers have detailed a stealthy Linux implant, dubbed PoisonedRefresh, that backdoors compromised F5 BIG-IP Access Policy Manager systems by injecting PHP web shells directly into server memory while leaving legitimate files on disk unchanged. The malware has been associated with exploitation of CVE-2025-53521, a critical unauthenticated remote code execution vulnerability in BIG-IP APM when an access policy is configured on a virtual server. F5 has confirmed […]
Iran will announce a new restricted maritime zone near the Strait of Hormuz and sign off a shipping corridor agreed with Oman within days, according to its top national security official. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said the restricted area would begin at what Tehran calls the US Navy’s blockade line and extend into parts of the Gulf. He warned that vessels entering […]
SINGAPORE – Media OutReach Newswire – 8 September 2026 – As private wealth continues to expand globally and an estimated US$74 trillion is expected to transfer between generations over the next 20 to 25 years, understanding how wealthy families approach philanthropy is becoming increasingly important. New research from The Bridgespan Group, based on analysis of 186 of the wealthiest individuals and families across 20 economies spanning Asia, Africa, Europe, and the Americas, sheds light on how the world’s wealthiest families give, what they fund, how they organise their philanthropy, and how they seek to create change.
Supported by Bridgespan’s Funders Council comprising the Institute of Philanthropy, The Rockefeller Foundation, and the Gates Foundation, and with contributions from the Financial Services Development Council and Wealth Management Institute, High-Impact Family Philanthropy: What Makes Family Giving Distinctive marks the third year of the High-Impact Philanthropy series, building on previous research on institutional philanthropy and corporate giving.
“This research comes at a pivotal moment for family philanthropy, especially as private wealth continues to grow,” said Xueling Lee, co-author and partner at Bridgespan. “Our research helps fill a knowledge gap on how the world’s wealthiest families organise their philanthropy and pursue impact, and finds distinguishing characteristics in Asia.”
In Asia, where founders and second-generation leaders often remain closely involved in the businesses that generated their wealth, philanthropy is frequently connected to broader questions of stewardship, business ownership, succession, and community engagement. The research finds that these differences are shaped by factors including the relative newness of wealth, continued business ownership, and the close connection between family, business, and philanthropy. Bridgespan’s research on corporate giving highlights this dynamic: founder- or family-linked companies account for 11 of Asia’s 20 largest corporate funders, compared with four among the world’s 20 largest corporate funders.
“Beyond the scale of their giving, many families bring a long-term perspective, deep personal commitment, and relationships across sectors built over decades,” said Brian San, secretary-general of the Institute of Philanthropy. “These qualities are particularly relevant in Asia, where family-owned businesses remain a powerful force and philanthropy is often closely connected to family stewardship, business leadership, and community engagement. The report highlights how these characteristics can help families catalyse collaboration, support innovation, and contribute to meaningful impact over time.”
“This research confirms what we have seen firsthand: family philanthropy has driven some of today’s boldest solutions and most pioneering research. These funders are uniquely positioned to take risks and build coalitions that can solve big, complex problems at their root,” said Deepali Khanna, senior vice president and head of Asia (division) at The Rockefeller Foundation. “Some of the work we are proudest of, like the Global Energy Alliance for People and Planet, started because family philanthropies were willing to commit early and jointly at a time when no single institution could have carried it alone.”
While the report finds that wealthy families around the world share many common philanthropic behaviours, it also identifies several characteristics that distinguish family philanthropy in Asia.
Beyond examining how families give, the companion report How the World’s Wealthiest Families Give explores approaches that help families translate their resources and influence into meaningful and sustained impact:
Download the full reports:
Hashtag: #TheBridgespanGroup #Bridgespan #CSR #ESG #Philanthropy #FamilyPhilanthropy #InstituteofPhilanthropy
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The Bridgespan Group (
www.bridgespan.org) is a global nonprofit that collaborates with social change organisations, philanthropists, and impact investors to make the world more equitable and just. Bridgespan’s services include strategy consulting and advising, sourcing and diligence, and leadership team support. We take what we learn from this work and build on it with original research, identifying best practices and innovative ideas to share with the social sector. We work from locations in Boston, Delhi, Johannesburg, Mumbai, New York, San Francisco, Singapore, and Washington, DC.
Arabian Post Staff -Dubai Saudi Arabia’s Public Investment Fund has established Gulf Coast Development Company to build a large tourism and residential destination along the Al-Khafji coastline near Kuwait, extending the sovereign wealth fund’s investment drive into the northern Eastern Province. PIF said on Monday the new company would develop the project with private-sector partners and local and regional investors, targeting demand for housing, hospitality and tourism […]
Arabian Post Staff -Dubai The United Arab Emirates is accelerating alternative routes for energy exports and trade to reduce its exposure to disruption from the war with Iran, presidential adviser Anwar Gargash said on Monday. “Our energy exports will not be held hostage, nor will our trade and economic activity,” Gargash told the Hili Forum in Abu Dhabi, saying the government was expanding port capacity on the […]
Arabian Post Staff -Dubai Saudi Arabia is preparing to give the International Atomic Energy Agency enhanced verification and monitoring powers over sensitive nuclear activities under its planned civil nuclear partnership with the United States, IAEA Director General Rafael Grossi said on Monday. Grossi said the arrangements being developed would not amount to Saudi Arabia formally adopting the IAEA Additional Protocol, the agency’s standard instrument for expanded inspections. […]
CrowdStrike is investigating a publicly released proof-of-concept exploit that a security researcher says can elevate local privileges to SYSTEM level on Windows machines running its Falcon endpoint sensor. The exploit, dubbed FalconFlank, was published on GitHub on September 3 by a researcher using the names Nightmare Eclipse, Chaotic Eclipse and MSNightmare. The researcher described it as a zero-day privilege-escalation flaw that abuses Falcon Sensor’s Microsoft Office malicious-macro […]
IDScan. net is facing a growing wave of proposed class action lawsuits in Louisiana over allegations that its identity-verification systems were connected to a massive exposure of driver’s licence and other government-issued identification records. At least eight federal complaints had been filed against the New Orleans-based company by September 4 in the US District Court for the Eastern District of Louisiana, court dockets show. Plaintiffs include Marc […]
Alibaba Cloud has launched its first cloud region in Brazil, bringing two data centres in São Paulo into operation and extending its infrastructure network into South America. The new region gives businesses, start-ups, developers and public institutions access to Alibaba Cloud services hosted inside Brazil, including computing, storage, containers, networking, security, databases, big-data and cloud-native products. The company said the local infrastructure was designed for workloads requiring […]
Arabian Post Staff -Dubai Burjeel Specialty Hospital has introduced Sharjah’s first positron emission tomography/computed tomography service, giving cancer patients in the emirate access to advanced molecular imaging for diagnosis, staging, treatment planning and follow-up. The PET/CT service operates within the hospital’s Nuclear Medicine Department and is integrated with Burjeel Cancer Institute, linking imaging findings with multidisciplinary oncology teams. The hospital said the arrangement is intended to allow […]
INDIANA, US – Media OutReach Newswire – 7 September 2026 – AlarmSystemStore.com, a security solutions provider founded in Columbus, Indiana, in 1997, has been recognized as an Alarm.com Silver Premier Partner for 2025, marking the third consecutive year the company has earned the distinction. The recognition reflects performance during the previous calendar year and highlights the company’s continued commitment to helping homeowners and businesses adopt smarter, more reliable security solutions.
A Nearly Three-Decade Success Story
When AlarmSystemStore.com was founded in 1997, the security industry looked very different. Traditional alarm systems relied heavily on landline communication, remote access was virtually nonexistent, and smart home technology had yet to enter the mainstream.
Over the past 28 years, the company has evolved alongside the industry—embracing alarm monitoring, cloud-based security, video surveillance, smart automation, and connected property management solutions. As an authorized dealer for DSC, Qolsys, Alarm.com, Honeywell, Resideo, Alula, Uplink Security, and a supporter of most other major brands, including 2Gig and GE Security, for its monitoring and interactive services, the company has built its reputation on selection, expertise, and value.
A Different Model: DIY and B2B, Without the Markup
Unlike traditional alarm companies, AlarmSystemStore.com caters to the do-it-yourself, direct-to-consumer, and direct business-to-business markets as a discount provider of professional-grade equipment and services.
Customers typically save more than 50% off the same equipment and services offered by traditional alarm companies. The company backs every sale with free technical support and offers a pre-programming and setup option for customers who prefer a more plug-and-play experience.
Three Consecutive Years of Recognition
The latest award marks a significant milestone for the company:
Because each designation reflects the prior year’s performance, the three-year streak points to sustained engagement and consistent growth within the Alarm.com partner network.
“Alarm.com has quickly become our top recommended service for customers, surpassing all others. It’s truly a top-notch service, which is apparent from both their tremendous growth and our growth with them as a dealer. We are proud to be affiliated with them,” said Andy Bowman, President at AlarmSystemStore.com.
About Alarm.com and the Premier Partner Program
Alarm.com began offering cloud-based interactive security services and integrations with security hardware in 2002 and went public in 2015 — the same year AlarmSystemStore.com Store became an authorized dealer. Today, the platform offers a range of cloud-based services, including alarm system command and control, smart home automation, and video and access control, and currently serves more than 6 million active residential and commercial subscribers globally.
Alarm.com services are available only through authorized dealers such as AlarmSystemStore.com, who provide activation and ongoing service support for the end user. The Premier Partner Program recognizes dealers that demonstrate strong performance, customer engagement, and commitment to delivering exceptional experiences on the platform — placing AlarmSystemStore.com among a select group of recognized partners.
Looking Ahead
As security technology continues to evolve through artificial intelligence, video analytics, and connected devices, AlarmSystemStore.com remains focused on helping customers adopt solutions that are both effective and easy to manage — at a price that undercuts the traditional alarm model. The same principle that guided the company in 1997 still applies today: trusted guidance, professional-grade equipment, and long-term support, without the premium price tag.
Hashtag: #AlarmSystemStore.com
The issuer is solely responsible for the content of this announcement.
Founded in 1997 and headquartered in Columbus, Indiana, AlarmSystemStore.com provides professional-grade security systems, smart home automation solutions, video surveillance products, and technical support for homeowners and businesses throughout the United States. The company specializes in helping customers design, install, and manage security solutions powered by industry-leading technology.
By Dr. Gyan Pathak The truthfulness of the BBC documentary “The Modi Question” was never put on trial and now the plaintiff NGO from Gujarat, Justice on Trial, withdrew its ₹10,000 crore defamation lawsuit against BBC on September 3, 2026, with liberty to file a fresh suit on the same cause of action. BBC was […]
The article The Modi Question: Truthfulness was never put on trial appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai OPEC+ producers have agreed to keep their October oil production quotas unchanged, resisting pressure for another supply adjustment as war-related disruptions continue to remove millions of barrels a day from Middle Eastern output. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman decided at a virtual meeting on Sunday to maintain September’s required production levels through October, OPEC said. The seven countries also […]
HONG KONG SAR – Media OutReach Newswire – 7 September 2026 – The Chinese University of Hong Kong (CUHK) today (7 September) commenced the 2026/27 academic year with a solemn Flag-raising Ceremony this morning, with the CUHK Flag-guard Team, clad in student-designed new uniforms, conducting the ceremony – demonstrating vigour and a sense of mission. The national flag, the Hong Kong Special Administrative Region flag and the CUHK flag were solemnly raised to the national anthem, marking the start of the new academic year.
It was followed by the Inauguration Ceremony for Undergraduates 2026. The events come at a landmark moment for the University, following its recent rise to 18th place in the QS World University Rankings and the official launch of its new strategic plan, CUHK 2026–2030: Leaping to Greatness.
The Flag-raising and Flag-guard Team Recognition Ceremonies
The Flag-raising Ceremony was attended by more than 130 guests, including the Hon Alice Mak Mei-kuen, Secretary for Home and Youth Affairs of the HKSAR Government, Ms Wan Ning, Deputy Director-General of the Department of Education and Youth Affairs of the Liaison Office of the Central People’s Government in the HKSAR, Professor Hon Jasper Tsang Yok-sing, Honorary Professor in CUHK’s Faculty of Social Science, Dr Norman Chan Tak-lam, Vice-Chairman of the CUHK Council, Professor Dennis Lo Yuk-ming, CUHK Vice-Chancellor and President, alongside Legislative Council members, members of the University Council, senior management, representatives of Colleges and Faculties, staff, students and alumni.
Following the Flag-raising Ceremony, the University held the Recognition Ceremony for the CUHK Flag-guard Team. Miss Mak, Dr Chan and Professor Lo presented 18 Appointment Certificates and 5 Certificates of Appreciation respectively. In addition, a student received the “Best CUHK Flag-guard Team Member Award 2025-2026” in recognition of her outstanding performance and dedication to the team.
Three awards for the Flag-guard Team Uniform Design Competition were also presented. The final design of the new uniforms was developed from the winning concepts of the champion students and further refined with valuable input from Professor Lo. Featuring CUHK’s signature purple and gold – representing devotion and loyalty, and perseverance and resolution, respectively. The new uniforms reflect the team’s professionalism and vibrant spirit, while embodying the youth’s loyalty and commitment to the nation, Hong Kong and the University, as well as their steadfast dedication to promoting patriotic values.
Navigating the AI era through virtue and ethics
At the Inauguration Ceremony for Undergraduates 2026 held at Sir Run Run Shaw Hall, Professor Lo welcomed the incoming cohort, encouraging them to regard CUHK as their second home for intellectual and personal growth.
Addressing how students could navigate the artificial intelligence (AI) era, Professor Lo emphasised the importance of developing both technical capabilities and sound moral judgement. He encouraged students to use AI responsibly, with honesty, independent judgement and respect for others. He noted that, as routine tasks became increasingly automated, human strengths such as empathy, critical reasoning and moral judgement would become even more important, highlighting why the University motto, “Through Learning and Temperance to Virtue”, was more relevant today than ever.
Professor Lo added that a journey at CUHK would open up opportunities for students to become responsible global citizens, “Social responsibility begins with an awareness that our actions and attitudes can make a difference. As an ancient Chinese saying goes, ‘A journey of a thousand miles begins with a single step’ (「千里之行，始於足下」). The idea of changing the world may seem daunting. Yet social responsibility often starts with small, everyday actions on campus and in the local community: volunteering, supporting community initiatives, embracing sustainability or extending kindness to those around us. Meaningful change is built one step at a time: start locally while thinking globally, using knowledge and talent to contribute to the common good.”
Professor Lo invited students to actively participate in the journey of shaping CUHK’s future trajectory, adding that their curiosity, integrity, fresh ideas and willingness to contribute would play a vital role in the University’s development.
Hashtag: #CUHK #Inauguration #Flag-raising #newacademicyear #Flag-guard #uniform
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HONG KONG SAR – Media OutReach Newswire – 7 September 2026 – HUAFULI, a high-end decorative panel brand under the Shanghai Stock Exchange main board listed company “Dongguan Huali Industries Co., Ltd.” (Stock Code: 603038.SH), has leveraged its 30 years of brand heritage and formidable R&D and supply chain strength to achieve a rapid growth of over 50% against recent market downturns! Backed by a robust brand history, HUAFULI served as a supporting furniture materials supplier for top-tier international events, including the 2008 Beijing Olympics, the 2010 Guangzhou Asian Games, and the 2011 Shenzhen Summer Universiade, earning national-level recognition for its quality.
HUAFULI today officially announced its full-scale entry into the Hong Kong market, establishing its presence in the heart of Lockhart Road, Wan Chai—renowned as “Hong Kong’s Building Materials Street.” A grand opening ceremony was held for its brand-new 2,800 sq. ft. flagship exhibition hall, the “HUAFULI Hong Kong Home Art Gallery”. The brand offers an Integrated Door-Wall-Cabinet solution and localized services, using Hong Kong as a strategic pivot to expand into the global market!
The ceremony, themed “Huafuli: A New Chapter in Hong Kong”, was officiated by management representatives, including Mr. Jacky Tan Xujie, Vice Chairman of Dongguan Huali Industries Co., Ltd., Mr. Xie Zhikun, CEO and Co-founder of Dongguan Huali Industries Co., Ltd., Mr. Lu Xuqiu, Co-founder of Dongguan Huali Industries Co., Ltd., Mr. Wang Tangxin, Co-founder of Dongguan Huali Industries Co., Ltd., Mr. Ji Juntao, Vice President of Dongguan Huali Industries Co., Ltd., and Mr. Ken So, Sales Manager of the Hong Kong Region, Huafuli. The event also featured a heavyweight guest, three-time TV King, renowned artist, and Brand Spokesperson Mr. Wayne Lai, who attended the ribbon-cutting and conducted a live contract signing ceremony, witnessing this significant milestone in HUAFULI’s development in Hong Kong.
30 Years of Dedication: From Single-Product Champion to System Service Provider; Executive President Xie Zhikun Reveals Deep “Hong Kong Ties”
Founded in 1995, Huali Shares was listed on the SSE main board in 2017. In its early years, the brand took the lead in breaking foreign technological monopolies, spearheading the formulation of China’s furniture edge banding industry standards, and achieving the highest national sales for ten consecutive years. Over 30 years of development, the brand has successfully upgraded from an edge banding sales champion to a whole-house system service provider encompassing decorative panels, edge banding, and home hardware. Amid the transformative challenges faced by the home building materials industry in recent years, HUAFULI has defied market trends with a robust growth of over 50%, demonstrating remarkable business resilience and market leadership.
During his opening speech, Mr. Xie Zhikun, CEO and Co-founder of Dongguan Huali Industries Co., Ltd., shared emotionally: “Thirty years ago, we started with a single edge banding strip, proactively formulating the industry standards for furniture edge banding in China and maintaining the number one sales position nationwide for thirty consecutive years. With this dedication, we successfully upgraded from a ‘single-product champion’ to a complete system covering decorative panels, edge banding, and home hardware. Even when the industry faced challenges recently, HUAFULI still achieved a 50% growth against the trend. In fact, our connection with Hong Kong began back in 2008 when we established a subsidiary here. Hong Kong people are extremely particular about home quality, placing special emphasis on eco-friendliness, moisture resistance, and health, which are precisely HUAFULI’s strengths. The ‘HUAFULI Hong Kong Home Art Gallery’ unveiled today is not just an ordinary showroom, but a home art gallery that offers peace of mind and lifestyle aesthetics. In the future, we will collaborate with all sectors in Hong Kong using solid products, a professional team, and localized services, opening a new chapter where quality and craftsmanship parallel each other—basing ourselves in Hong Kong, connecting with the Mainland, and radiating globally!”
Mr. Ken So, Sales Manager of the Hong Kong Region, Huafuli, Addresses Three Industry Pain Points, Eliminates Northbound Travel Hassles, and Sets a HK$100 Million Sales Target
In an exclusive media interview, Mr. Ken So, Sales Manager of the Hong Kong Region, Huafuli, deeply analyzed the business logic and localized strategy behind the brand’s entry into Hong Kong:
Global Debut of German-Japanese Nano-Microcrystalline EBH Technology; Dual Ultimate Eco-certifications Lead New Trends in HK Building Materials
With Hong Kong’s increasingly stringent requirements for green buildings, indoor air quality, and ESG standards, HUAFULI brings a high-specification product system suitable for the Hong Kong environment:
Star Spokesperson Mr. Wayne Lai Yiu Cheung Attends the Event, Heavily Endorses Dual Ultimate Eco-friendliness at Contract Signing
The atmosphere at the grand opening ceremony was vibrant, with traditional auspicious lion eye-dotting and lion dance performances kicking off the splendid prologue for the “HUAFULI Hong Kong Home Art Gallery.” Brand Spokesperson Mr. Wayne Lai Yiu Cheung conducted a grand contract signing ceremony on site and joined management guests for a celebratory group toast and photo.
Hashtag: #HUAFULI
The issuer is solely responsible for the content of this announcement.
Founded in 1995, Huali Shares was listed on the main board of the Shanghai Stock Exchange in 2017 (Stock Code: 603038.SH). Starting from the field of decorative composite materials, the company has adhered to integrity and innovation, inherited the spirit of craftsmanship, and over the past 30 years, has developed into a comprehensive holding enterprise encompassing home building materials, smart water affairs, membrane filtration materials, and industrial digital intelligence businesses. It is committed to leading industry progress through high-level R&D, satisfying people’s aspirations for a better life through technological innovation, and empowering industrial upgrades through digital and intelligent technologies. Its home building materials business primarily focuses on edge banding, decorative panels, and home hardware, mainly used in panel furniture, interior decoration, and commercial space construction. It is the first domestic home materials manufacturing enterprise to break the German technological monopoly and possess independent intellectual property rights, and is the leading formulator of important industry standards for edge banding in China.
A Gyr Pure Ultra White falcon sold for AED2.1 million at the final auction of ADIHEX 2026 in Abu Dhabi, setting what organisers said was the highest price ever paid for a falcon at auction. The United States-origin bird drew competitive bidding at the Abu Dhabi International Hunting and Equestrian Exhibition, where its rare white plumage, pure lineage and appearance made it one of the most sought-after […]
BANGKOK, THAILAND – Media OutReach Newswire – 7 September 2026 – Thailand is ready to cross into “new horizons” — achieving high-income status and driving a more resilient ASEAN, declared Deputy Prime Minister and Minister of Finance Dr. Ekniti Nitithanprapas as he delivered the closing address at the Bangkok Business Summit 2026 today,
Detailing the strategic “why, how, and design” of the national transition, Dr. Ekniti stated that entering new horizons is an unavoidable global imperative. While ASEAN is uniquely positioned to capture emerging opportunities, the region must guard against severe geopolitical, technological, and climate risks with proactive, unified action.
“The goals must be clear, and we are completely on the same page: Thailand must achieve high-income status,” said Dr. Ekniti.
“The recipe provided by the World Bank aligns directly with what our business leaders have outlined. An investment-led growth policy, private-sector-centred endeavours, and persistent implementation are what the government and business community are now executing together. Think of the seven new growth engines as our forwards on the pitch. The government acts as both coach and midfielder — spearheading investment, driving trade, empowering SMEs, unlocking regulatory friction, and cultivating human capital. Meanwhile, fiscal and financial stability serves as our steadfast defensive backline.”
Dr. Ekniti affirmed that the Joint Public and Private Committee (JPPC) will no longer function as a purely advisory body, but will operate as an executive economic steering council mandated to enact structural reforms and track execution against the World Bank’s recommendations.
“We will not be the same old Thailand. We will be driving the global agenda. Thailand will enter new horizons, empower people, and build resilience,” Dr. Ekniti emphasised. “In the next two years, Thailand will assume the Chairmanship of ASEAN. We will establish a long-term, multi-year agenda for a stronger, more resilient ASEAN. If this new model of public-private partnership carries on, we will decisively reinvent Thailand.”
Key leaders representing the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) delivered strategic sector priorities to anchor the transition.
Payong Srivanich, Chairman of the JSCCIB and the Thai Bankers’ Association, underscored that reinventing the economy requires modernising legacy industries while creating space for future engines.
“From three core challenges – structural, competitiveness, and public-sector efficiency – came the White Paper outlining the seven industries of the future,” stated Mr. Payong. “This time, the government has presented a credible policy framework based on collaborative public-private partnership. Thailand must address fundamental security—whether in food, energy, or low-carbon growth. We are declaring to the world that we are done with planning and on the same page. Now we are geared up for execution.”
Dr. Poj Aramwattananont, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, stressed that amid geopolitical friction, geoeconomics, and regional conflict, growth must be anchored in ASEAN’s 600-plus million people which serve as both supply and demand networks.
Adapting to international trading rules is inseparable from Thailand’s targeted accession to the OECD by 2028. The accession process acts as the structural catalyst to modernise domestic legislation, corporate governance, transparency, and fair market competition to premier global standards—lowering compliance costs and solidifying investor confidence.
Pimjai Leeissaranukul, Chairwoman of the Federation of Thai Industries, insisted that Thailand must build its own brand; it can no longer afford to be just the world’s OEM. She called for a decisive departure from labor-cost competition toward high productivity, automation, AI, and green sustainability. She advocated expanding target sectors—such as next-generation electric vehicles, smart electronics, automation, and wellness—while enforcing enhanced public procurement.
Carlos Felipe Jaramillo, Vice President for East Asia and Pacific at the World Bank, observed that the eyes of the financial world will be on Bangkok next month as it hosts the 2026 IMF–World Bank Group Annual Meetings, providing Thailand with a premier global stage to show that it is advancing on a credible pathway to attain high-income status by 2037.
“The World Bank has presented a series of structural reforms that Thailand can pursue to reach high-income status, creating more and better-paying jobs for young Thais in the future,” Mr. Jaramillo stated. “The plan deliberately puts the private sector at the center, because experience has taught us that the private sector is the primary engine of employment. This reform agenda is multifaceted, requiring coordinated national effort, and, more importantly, relentless persistence in implementation.”
The Bangkok Business Summit 2026 concluded with a clear consensus: today’s closing discussions mark the formal launch of sustained, institutionalised execution across the public sector, private enterprise, and multilateral institutions to ensure Thailand stands as a resilient economic anchor for the wider ASEAN region.
Hashtag: #JSCCIB
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai Iran plans to declare a new exclusion zone near the Strait of Hormuz after its forces targeted three oil tankers and three US-linked vessels in retaliation for American strikes on Iranian shipping, raising risks to commercial traffic through the Gulf. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said the proposed zone would extend from what Tehran describes as the US naval […]
Airlines serving the UAE are continuing to adjust schedules, reroute aircraft and warn passengers of delays and cancellations as the latest escalation between the United States and Iran disrupts regional air travel. Dubai International Airport and Abu Dhabi’s Zayed International Airport remain operational, with most UAE-based carriers continuing to fly the bulk of their networks. However, delays have affected a number of arriving and departing services, while […]
