The global race to develop new medicines is entering a new phase, and the UAE is positioning itself as one of the regions investing heavily in that transformation. Biotechnology companies, artificial intelligence researchers, healthcare providers, and government institutions are increasingly working together to accelerate drug discovery, improve clinical research, and reduce the time it takes for promising treatments to reach patients. For decades, medicine development has been […]
Lionel Messi returned to action four days after the death of his father, but his comeback could not prevent Inter Miami from being eliminated from the Leagues Cup after a 3-2 defeat by Club León in Florida. Messi entered as a substitute at Nu Stadium on Wednesday, August 12, following several emotionally demanding days during which he travelled to Argentina for the funeral of his father, Jorge […]
The UAE’s new restrictions on social media access for children under 15 could reach far beyond conventional social networks, drawing gaming, streaming, education, ecommerce and other digital services into a widening child-safety compliance regime. Cabinet Resolution No. 106 of 2026 sets 15 as the minimum age for maintaining a personal social media account. Children below that threshold cannot create, use or operate covered accounts or access features […]
Swedish artificial intelligence start-up Lovable has raised $400 million at a $13.3 billion valuation, doubling its worth in less than a year as demand grows for tools that let employees build software using natural-language instructions. The Series C financing was led by Menlo Ventures and the Scaleup Europe Fund, with participation from investors including Balderton Capital, Carmignac, Tencent, World Innovation Lab and Regent. The transaction lifts Lovable’s […]
XRP trading on Binance has entered a markedly calmer phase, with its 30-day realised volatility falling to about 0.34, the lowest level in roughly three months, as traders assess whether reduced price swings could set the stage for a larger market move. The decline represents a sharp reversal from June, when the same volatility measure climbed to about 0.53 amid heavier trading activity and wider price fluctuations. […]
Businesses across the UAE that use music commercially will face a new licensing regime from December 2026, bringing restaurants, hotels, shopping centres, gyms, airlines and broadcasters within a standardised system for paying music copyright and related-rights fees. The Collective Management in Music Guide establishes a framework for licensing the public and commercial use of protected music. It will apply to restaurants, cafés, hotels, floating hotels, shopping malls, […]
Rackspace Technology posted modest second-quarter revenue growth as stronger private cloud sales offset weakness in its larger public cloud business, while higher costs and investment in artificial intelligence pushed the company deeper into the red. The San Antonio-based cloud and technology services group generated revenue of $670.1 million for the three months ended June 30, up 0.6% from $666.3 million a year earlier. Private Cloud revenue climbed […]
SINGAPORE – Media OutReach Newswire – 12 August 2026 – Artificial intelligence is driving one of the largest infrastructure investment cycles in decades, but the rapid global build-out of data centers is also creating a new era of construction, operational, climate and insurance risks, according to the latest Allianz Commercial The data center construction boom: risks and claims trends report. Annual investment in data centers is projected to double from around US$500bn in 2024 to more than US$1trn as early as 2027. The investment opportunity extends far beyond server halls to electricity generation, grid infrastructure, cooling, networking, and semiconductors. According to Allianz Research, the US and China are expected to account for around 62% of new global capacity additions through 2030, but the next wave of investment is becoming increasingly global. In Europe, Germany, the UK and Ireland remain major markets, but faster expansion is expected in Spain, Finland and Denmark, where power availability and permitting conditions can be more favorable. Across Asia Pacific, excluding China, installed capacity is projected to increase from around 9GW today to more than 28GW by 2030, with Malaysia expected to grow more than tenfold.
“AI is turning the latest generation of data centers from a specialist real estate asset into mission-critical infrastructure,” says Thomas Lillelund, CEO of Allianz Commercial. “The scale of investment is extraordinary and, as these centers evolve beyond traditional data storage to high-performance compute demands, success will increasingly depend on resilience: access to power, reliable supply chains, robust construction controls, as well as climate-aware site selection and insurance programs that reflect the true accumulation risk. Indeed, comprehensive insurance cover has become a prerequisite for financing many large-scale AI infrastructure projects.”
Resilience must be central to data center operations The sector’s biggest constraints are increasingly physical rather than financial. Competitive advantage is increasingly determined by access to electricity, grid connections, permitting, specialized equipment and skilled labor. In the US alone, the construction industry faces a shortage of around 439,000 skilled workers, while an estimated 349,000 additional workers may be needed in 2026. Climate resilience is increasingly a strategic consideration rather than an operational afterthought. Around 79% of global data center capacity is already located in areas exposed to heightened natural catastrophe risk, while 54% is exposed to chronic heat and drought stress. Some of the fastest-growing AI infrastructure markets are also among the most climate-exposed, including Northern Virginia, US, Johor in Malaysia, and Marseille, France. Acute flood, wildfire and wind exposure is highest in the Americas, affecting 86% of capacity, while chronic heat and drought stress is greatest in Asia Pacific, where 89% of capacity is exposed.
Global data center insurance market will more than double by 2030 Insurance is evolving alongside the sector. As data centers assume a more critical role in infrastructure, comprehensive insurance cover has become a prerequisite for financing many large-scale AI infrastructure projects. Construction costs for a single AI campus can exceed US$20bn, with insured values rising substantially once high-performance computing equipment is installed. The global data center insurance market is projected to grow from around US$11bn today to more than US$24bn by 2030, reflecting rapid capacity expansion, rising insured values and increasing operational complexity. Demand is expected to extend beyond traditional property cover towards integrated solutions spanning construction, engineering, property, business interruption, cyber and liability, while also creating new opportunities in areas such as energy resilience, operational continuity, and technology risk.
Risk and claims trends: fire drives severity; water damage frequency Allianz Commercial analysis of insurance industry data center-related claims shows that fire is the leading driver of loss severity, accounting for well over 50% of around €700mn (US$800mn) worth of losses. Natural catastrophe activity ranks second, followed by willful acts, which include crime and cyber incidents, followed by power failure. Water damage is the most frequent cause of data center claims, followed by willful acts, fire, and equipment breakdown. Business interruption is the primary driver of claims severity by line of insurance, highlighting the significant financial impact of operational downtime.
The data center risk profile is changing as facilities become larger, more complex, and more increasingly interdependent. Hyperscale and colocation of campuses can bring together multiple tenants, construction works, servers, supporting utilities and on-site infrastructure in one physical or operational space. A single event can therefore trigger claims across property, construction, business interruption, liability, cyber, and financial lines. Real-life claims case studies show that in hyperscale facilities, damage to external cooling systems, hot works-related fire damage, and a delay in start-up caused by power disturbances have each resulted in losses in the US$50mn to US$100mn range.
“For insurers, the key question is not only the value of the building, but the concentration of value and dependency inside and around it. Power, cooling, batteries, fiber routes, testing and commissioning, and business continuity planning are all part of the same risk picture. Effective risk mitigation must begin early and continue throughout the data center lifecycle. Resilience must be designed in from the earliest planning stage,” explains Christian Kolbe, Global Head of Construction Claims at Allianz Commercial.
Clarity between policies essential to avoid ambiguity Data center projects encompass different project phases with several stakeholders and interests involved, which can create complications. During the construction phase, stakeholders include the owner, developer, contractor, and subcontractors, whereas in the operational phase, the stakeholders include the owner-operator, and potentially multiple tenants or end users. For example, different policies could respond to a hot works-related fire resulting in damage to a data center nearing completion, and this would impact different stakeholders.
“Clarity is critical with an insurance claim,” says Charlotte Field, Regional Head of Short-tail Claims, Asia, at Allianz Commercial. “Clearly documented handovers are essential between your construction all-risk policy and operational policy. There must be no ambiguity about practical completion, in order to avoid disputes over which policy responds to a particular event and the extent of cover.”
The issuer is solely responsible for the content of this announcement.
About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around €17.3 billion in gross premium globally. https://commercial.allianz.com/
Hackers penetrated a Polish combined heat and power plant through a private cellular network, manipulating industrial controllers and temporarily halting cogeneration at a facility supplying heat to about 50,000 residents. The attack has exposed a previously undocumented route into critical operational technology systems. The intrusion occurred on December 29, 2025, during a broader campaign against Poland’s energy infrastructure. Investigators have now established that attackers moved from a […]
Chief Sales Officer Visits Hong Kong, Partners with VSC Building Products Company Limited to Mark a New Chapter
Championing Design Excellence, Innovation and Sustainable Water Technologies
HONG KONG SAR – Media OutReach Newswire – 11 August 2026 – Hansgrohe Group, one of the world’s leading premium bathroom and kitchen brands, celebrates its 125th anniversary with an official visit to Hong Kong by Christophe Gourlan, Member of the Executive Board and Chief Sales Officer of Hansgrohe Group. As a key stop in the Group’s Asia anniversary programme, the visit reaffirms Hansgrohe’s long-term commitment to the Hong Kong market and formally introduces VSC Building Products Company Limited as the brand’s newly authorised distributor in Hong Kong, marking the beginning of a new phase of growth and collaboration.
Mr. Christophe Gourlan, Chief Sales Officer and Member of the Executive Board of Hansgrohe Group (third from left); Mr. Stefan Liebl, Head of Sales, APAC of Hansgrohe (second from left); Mr. Martin Low, Managing Director of Hansgrohe (first from left); Mr. Patrick Lau, Executive Director of Hong Kong Shanghai Alliance Holdings Limited (third from right); Mr. Victor Wong, Executive Director and Chief Financial Officer of Hong Kong Shanghai Alliance Holdings Limited (second from right); and Mr. Alan Siu, Managing Director of VSC Greater China (first from right), officiated at the ribbon-cutting ceremony during the cocktail reception, witnessing this important moment together.
The anniversary celebrations in Hong Kong also mark a significant milestone for the premium hansgrohe brand locally — the grand opening of a dedicated hansgrohe display at the VSC A&D Centre, located at 1/F, East Town Building, 41 Lockhart Road, Wanchai. The newly unveiled showroom showcases multiple award-winning collections and the latest innovations, offering architects, designers, developers and consumers an immersive experience of the brand philosophy: “Life is Waterful.”
125 Years of Heritage: Where Design Meets Innovation
Founded in 1901 in Schiltach, Germany, in the Black Forest, Hansgrohe has evolved from a small workshop into a globally renowned premium brand with a presence in over 150 countries. For 125 years, the company has been synonymous with German engineering excellence, technological innovation and award-winning design, earning prestigious international accolades including the iF Design Award, Red Dot Design Award and German Design Award.
Among its most iconic and celebrated product innovations are:
Raindance series, including the new Raindance Alive, redefining showering with distinctive spray technology and elegant aesthetics; Rainfinity, offering a new dimension of immersive showering with ultra-soft PowderRain spray and avant-garde design; Pulsify, a compact shower solution ideal for urban living, featuring water-saving PowderRain technology; Finoris faucet collection, equipped with a pull-out spray and dual spray modes, combining flexibility with contemporary design; Kitchen innovations such as Talis M54 and Metris M71, enhancing kitchen functionality with precision engineering and premium materials.
Hansgrohe’s pioneering technologies include Select technology, enabling intuitive control of water flow at the touch of a button, alongside sustainability-driven innovations such as EcoSmart, AirPower and CoolStart, significantly reducing water and energy consumption without compromising comfort.
Under its ambitious “ECO 2030” initiative, Hansgrohe aims to equip all products with water-saving technologies by 2030, embedding sustainability at the core of product development.
Today, approximately 200 employees worldwide are dedicated to research, development and innovation management. The Group operates innovation centres in the Black Forest and, since 2023, in Shanghai, strengthening localisation and responsiveness to the China and Asia-Pacific markets. Products launched within the past three years account for approximately 30% of the Group’s total revenue — a testament to its dynamic innovation pipeline and market competitiveness.
Deepening Presence in Hong Kong: A New Milestone with VSC
Looking ahead, the collaboration between Hansgrohe and VSC will focus on enhancing customer touchpoints and brand visibility across Hong Kong. Key initiatives include strengthening point-of-sale presentation, elevating experiential showroom displays, and supporting trade partners through comprehensive product training, marketing activations and after-sales excellence.
VSC has also outlined a strategic development plan encompassing showroom enhancements, PR and digital marketing campaigns, product portfolio alignment and sales team training, reinforcing the brand’s position in Hong Kong’s high-end residential and commercial project segments.
Commenting on the occasion, Mr. Christophe Gourlan, Member of the Executive Board and Chief Sales Officer of Hansgrohe Group, said:
“Hong Kong remains an important market for Hansgrohe, and our 125th anniversary is a meaningful moment to reaffirm our long-term commitment to the region. With VSC as our new authorised distributor for the hansgrohe brand, we are strengthening our ability to bring premium German quality, innovation and sustainable water experiences closer to customers, designers and trade professionals. We also deeply appreciate the continued support of our long-term partners, including H2O, as we build the next chapter of Hansgrohe’s growth in Hong Kong together.”
Hashtag: #HansgroheGroup
The issuer is solely responsible for the content of this announcement.
About Hansgrohe
Founded in 1901 in the Black Forest, Germany, Hansgrohe stands for holistic bathroom and kitchen experiences that combine water- and energy-saving technologies, intelligent functionality and long-lasting quality. With timeless design and innovative premium products, the brand supports sustainable lifestyles and transforms everyday water routines into extraordinary experiences.
About VSC Building Products Company Limited
Established in 1997, VSC Building Products Company Limited specialises in supplying sanitary ware, fittings and kitchen cabinet solutions for commercial buildings, shopping malls, hotels, hospitals, residential developments and airports. The company provides free consultation and design services, logistics coordination, technical support and kitchen installation.
In April 2013, VSC opened its first Architectural & Design Centre in Hong Kong. The company has also recently introduced integrated Smart Toilet IoT solutions, enhancing both user experience and property management efficiency.
Enquiries: VSC A&D Centre 1/F, East Town Building, 41 Lockhart Road, Wanchai, Hong Kong Tel: (852) 2238 2628 Fax: (852) 2169 2980 Email: [email protected]
By Nantoo Banerjee India’s eighth post-Independence census of 2027, coming after a gap of almost 16 years, assumes a great importance in the country’s political system as it will lift the long-standing freeze on redrawing Parliamentary boundaries. The census report will provide the official population data required under Article 82 of the Indian Constitution to […]
Arabian Post Staff -Dubai Qatari Diar has launched the first phase of its $29.7 billion Alam Al Roum development on Egypt’s North Coast, advancing one of the largest integrated real estate and tourism investments planned along the Mediterranean. Egyptian Prime Minister Mostafa Madbouly attended the launch at the project site alongside senior government officials and Qatari Diar executives. The development is being implemented in partnership with Egypt’s […]
Arabian Post Staff -Dubai BJP Rajya Sabha MP Raghav Chadha met Prime Minister Narendra Modi on Saturday, describing their interaction as detailed and enriching as attention grows around his possible role in the party’s preparations for the Punjab Assembly election next year. ][1]) Chadha shared photographs of the 8 August meeting on social media and called it “a morning I will cherish”. He said he was grateful […]
Arabian Post Staff -Dubai Saudia ranked as the world’s most punctual global airline for a third consecutive month in July, maintaining its operational lead despite the pressures of the peak summer travel season. The carrier recorded an on-time arrival rate of 87.24% across 16,406 flights during the month. The performance extended a run that began in May and continued through June, giving the Jeddah-based flag carrier three […]
HONG KONG SAR – Media OutReach Newswire – 7 August 2026 – Henderson Sunlight Asset Management Limited (the “Manager“) announces the interim results of Sunlight REIT for the six months ended 30 June 2026 (the “Reporting Period“).
For the Reporting Period, Sunlight REIT recorded revenue of HK$382.4 million, a year-on-year decline of 2.2%. After deducting property operating expenses of HK$82.7 million, net property income came in at HK$299.7 million. Aided by a 7.9% saving in cash interest expense to HK$84.3 million, distributable income for the Reporting Period was HK$164.0 million, a 2.7% drop from the corresponding period in the previous year.
The Board has resolved to declare an interim distribution per unit of HK 8.8 cents, representing a payout ratio of 94.3% and an annualized distribution yield of 8.1% based on the closing unit price of HK$2.16 on the last trading day of the Reporting Period.
The appraised value of Sunlight REIT’s portfolio was HK$17,118.1 million at 30 June 2026. Gross assets and net assets of Sunlight REIT were HK$17,728.3 million and HK$12,168.2 million respectively, and the net asset value per unit was HK$6.92.
Operating Highlights
At 30 June 2026, the overall occupancy rate of Sunlight REIT’s portfolio stood at 90.8%. Occupancy rates of the office and retail portfolios came in at 92.0% and 88.4% respectively, while their corresponding passing rents were HK$30.6 per sq. ft. and HK$62.2 per sq. ft., down 1.3% and 2.7% from six months ago.
Dah Sing Financial Centre, the flagship office property of Sunlight REIT, recorded an occupancy of 91.8%, while its passing rent stayed largely unchanged at HK$35.2 per sq. ft. Regarding the retail portfolio, the occupancy of Sheung Shui Centre Shopping Arcade came in at 86.9%, mainly attributable to the prolonged vacancy pending the replacement of a kindergarten tenant. Passing rent of this property was HK$98.2 per sq. ft. Meanwhile, Metro City Phase I Property reported an occupancy rate of 88.0%, while its passing rent was HK$52.0 per sq. ft.
Mr. Au Siu Kee, Alexander, Chairman of the Manager, said, “The sound financial position of Sunlight REIT provides a degree of assurance, as demonstrated by the favourable refinancing of over HK$3,600 million in debt facilities over the past 12 months. Meanwhile, we will prioritize strengthening operational resilience through disciplined cost management, prudent capital allocation and selective asset enhancement initiatives that support long-term value creation. In approaching its 20th listing anniversary, Sunlight REIT will endeavour to create sustainable value for the benefit of unitholders, while harnessing innovation and technology to bolster portfolio robustness and support future-ready asset management.”
Remarks: Attached financial highlights of 2026 interim results of Sunlight REIT.
Financial Highlights of 2026 Interim Results (in HK$’ million, unless otherwise specified)
Six months ended
30 June 2026
Six months ended
30 June 2025
Change
(%)
Revenue
382.4
391.2
(2.2)
Net property income
299.7
307.4
(2.5)
Cost-to-income ratio (%)
21.6
21.4
N/A
Loss after taxation
(124.1)
(172.2)
N/A
Distributable income
164.0
168.6
(2.7)
Distribution per unit (HK cents)
8.8
9.1
(3.3)
Payout ratio (%)
94.3
93.8
N/A
At 30 June
2026
At 31 December
2025
Change
(%)
Portfolio valuation
17,118.1
17,403.0
(1.6)
Net asset value
12,168.2
12,402.6
(1.9)
Net asset value per unit (HK$)
6.92
7.09
(2.4)
Gearing ratio (%)
28.3
27.8
N/A
Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.
Hashtag: #SunlightREIT #REIT
The issuer is solely responsible for the content of this announcement.
About Sunlight REIT
Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the “Trust Deed”). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.
About the Manager
The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.
Disneyland Abu Dhabi is set to receive fresh global exposure through Disney Worldbuilders, a feature documentary examining how the entertainment group turns screen stories into physical destinations and offering glimpses of projects still being developed. The film, directed by Academy Award and Emmy-nominated filmmaker Leslie Iwerks, will receive its debut screening at D23: The Ultimate Disney Fan Event in Anaheim, California, on August 16. It is scheduled […]
A volunteer security group has flagged 85 potentially critical vulnerabilities across hundreds of Bitcoin-related software projects, exposing the scale of weaknesses that artificial intelligence can identify faster than developers can verify or repair them. The Bitcoin Red Team recorded 4,962 security findings after running advanced AI models against 390 open-source repositories during an intensive audit spanning about 27.5 hours on August 4 and 5. The findings included […]
WASHINGTON — SpaceX has launched three AST SpaceMobile satellites designed to deliver high-speed cellular broadband directly to ordinary smartphones, expanding a constellation intended to connect users beyond the reach of terrestrial mobile towers. A Falcon 9 rocket lifted off from Space Launch Complex 40 at Cape Canaveral Space Force Station in Florida at 3.49 am Eastern Time on Wednesday, carrying the BlueBird 11, 12 and 13 spacecraft […]
US Defence Secretary Pete Hegseth has rejected a report that the military has exhausted nearly 80 per cent of its principal high-altitude missile interceptors during the war with Iran, insisting that American forces retain the weapons required to sustain operations. Hegseth described the account as untrue after CNN reported that the Pentagon had used almost four-fifths of the interceptor inventory for the Terminal High Altitude Area Defense […]
Abu Dhabi’s luxury housing market is entering a more discerning phase as affluent buyers increasingly favour design quality, liveability and enduring value over short-term price gains. The shift is unfolding alongside strong market activity. Property transactions across the emirate reached about AED117 billion during the first half of 2026, while foreign direct investment in real estate rose to AED13.8 billion. International demand has broadened as Abu Dhabi […]
HANOI, VIETNAM – Media OutReach Newswire – 5 August 2026 – The World Council on City Data (WCCD) has officially awarded Vinhomes Green Paradise – Can Gio the InterimCustom ISO 37122Smart CityCertification. This milestone marks another significant step in Vinhomes Green Paradise’s journey toward becoming the first mega urban development in Vietnam to achieve an internationally recognized smart city certification, setting new benchmarks for sustainable urban development on a global scale.
The certification recognizes the substantial progress Vinhomes Green Paradise has made in advancing its smart city development in alignment with international standards. WCCD acknowledged that the project has achieved remarkable progress in its design, planning, and development strategy. This WCCD Certification serves as an important foundation for the project as it advances toward Full Certification upon commencement of operations.
The award of the WCCD Interim Custom ISO 37122 Smart City Certification follows a comprehensive assessment conducted by the WCCD and based upon the customized indicators framework WCCD specifically developed for greenfield development projects. The framework incorporates the core principles of ISO 37122, one of the world’s most respected international standards for measuring and evaluating smart city performance.
Dr. Patricia McCarney, President & CEO of the World Council on City Data (WCCD) and Director of Standardized Urban Metrics (SUM), stated: “This WCCD InterimCustom ISO 37122 Smart City Certification recognizes Vinhomes’ long-term vision and commitment to developing a smart, sustainable, and future-ready urban model. The Vinhomes Green Paradise – Can Gio urban development project is now equipped with a powerful baseline of data designed to propel success, providing a strong foundation for year-over-year monitoring of development goals in smart urban governance, infrastructure development, technology adoption and sustainability, ensuring Full ISO 37122 Certification once operations commence. We congratulate Vinhomes on this important certification milestone, a global first, setting a new precedent for greenfield developments in cities worldwide.“
Mr. Chulse Oh, Head of AX Group at Korea Management Association Consultants (KMAC), commented: “The award of the WCCD Interim Custom ISO 37122 Smart City Certification marks an important milestone in realizing the vision of a world-class smart city in Vietnam. KMAC will continue to support the project in developing smart city solutions and implementation strategies and refining the criteria for a comprehensive smart city model during the operational phase.”
In March 2026, Vinhomes Green Paradise officially launched its Smart City Certification Project in partnership with WCCD, SUM, and KMAC. Under the agreed roadmap, the Interim Custom Certification represents the first major milestone in the process of assessing and refining the criteria for a comprehensive smart city model aligned with international standards.
Vinhomes Green Paradise benefits from a unique geographical setting, overlooking the Can Gio Sea and adjacent to the UNESCO-recognized Can Gio Mangrove Biosphere Reserve, which spans over 75,000 hectares. The development features a total area of 2,870 hectares, and a construction density of only 16%. Vinhomes is pioneering the project under its enhanced ESG++ model, structured around five pillars: Environment, Social, Governance, Regeneration, and Climate Adaptation.
Upon full operation, the entire urban management system will be greened, with the goal of utilizing 100% clean electricity generated from renewable energy sources and achieving 100% net-zero emission transportation. In addition to strict compliance with environmental protection standards, the project places a strong emphasis on biodiversity conservation and ecosystem regeneration, aligned with Ho Chi Minh City’s climate adaptation strategy.
To support these efforts, a Forest Regeneration and Climate Adaptation Fund will be established to finance research, restoration, and long-term resilience initiatives. A key focus of the fund is the regeneration of the Can Gio mangrove ecosystem, helping to create a protective green belt for the entire development.
With its pioneering ESG++ vision, Vinhomes Green Paradise has become the first Official Participant in the “7 Wonders of the Future Cities” campaign initiated by New7Wonders.
The award of the WCCD Interim Custom ISO 37122 Smart City Certification further reinforces Vinhomes Green Paradise’s pioneering vision in advancing a smart and sustainable urban model that meets international standards, while progressing toward becoming a benchmark future city for the region and the world.
Hashtag: #Vinhomes
The issuer is solely responsible for the content of this announcement.
About Vinhomes
Vinhomes is Vietnam’s leading real estate investment, development, and management company. It currently operates 32 urban developments while expanding its portfolio of flagship projects across strategically important provinces and cities nationwide. By integrating Environmental, Social, and Governance (ESG) principles with modern, highly connected infrastructure, Vinhomes is creating world-class integrated townships and megacities that are redefining Vietnam’s real estate market, driving sustainable development, and elevating the country’s urban landscape to international standards.
About the World Council on City Data (WCCD):
Established in Canada in 2014, the World Council on City Data (WCCD) is committed to helping cities and communities of all sizes globally embrace ISO standardized, independently verified, and globally comparable city data. The organization facilitates data-driven decision-making processes in management, planning, and investment, enabling cities to become more sustainable, safe, resilient, prosperous, inclusive, and smart.
The WCCD team of professionals spearheaded the development and implementation of three international standards on city data, which have been published by the International Organization for Standardization (ISO) in Geneva. These standards, referred to as the WCCD ISO 37120 Series on City Data, encompass ISO 37120 (Indicators for Sustainable Cities), ISO 37122 (Indicators for Smart Cities), and ISO 37123 (Indicators for Resilient Cities).
Since its inception, the WCCD has been expanding its global network of cities dedicated to high-caliber data. The WCCD collaborates with more than 125 cities across 40 different countries.
About Standardized Urban Metrics (SUM):
Cities worldwide are taking centre stage in the drive toward sustainable development and the prosperity of nations. Standardized Urban Metrics (SUM) is designed to build on the strengths of its rapidly expanding global network of city leaders, senior levels of government officials, private capital market professionals and key international organizations and industry innovators dedicated to securing a better future for cities.
SUM’s service provision spans services connected to the ISO 37120 Series (ISO 37120 – Indicators for City Services and Quality of Life, ISO 37122 – Indicators for Smart Cities and ISO 37123 – Indicators for Resilient Cities) in partnership with the World Council on City Data (WCCD). The SUM team work with city leaders and private developers to customize these ISO certifications for new greenfield developments – new cities, new business districts and new communities.
SUM houses a new global first – the ISO 37125 International Standard on Environmental, Social and Governance (ESG) Indicators for Cities and Regions. The SUM ISO 37125 certification protocol supports cities to report ESG city level data in conformity with the ISO globally standardized definitions and methodologies. SUM’s third-party verification process ensures the highest calibre data for cities across the globe. This Standard provides city leaders, governments, and the private sector with a robust, data-driven framework to guide ESG initiatives, drive infrastructure investment, attract investment, create and implement strategic planning decisions, propel innovation, and ensure socially inclusive planning and management. SUM is welcoming cities to join an exciting global cohort of World Premiere Cities – the first ISO 37125-certified cities.
SUM establishes a global hub for innovative learning partnerships among leaders of cities and private capital markets. Together, SUM and its partners foster innovation, imagine alternative futures, and create more livable cities. Certification by SUM underscores a collective commitment to a sustainable and prosperous future for cities and regions.
For more information, please contact:
Dr. Patricia McCarney President & CEO, World Council on City Data (WCCD) and Director, Standardized Urban Metrics (SUM) [email protected]
About KMAC
Korea Management Association Consultants (KMAC) is one of Asia’s leading management consulting firms, delivering end-to-end capabilities from strategy formulation and transformation design to operational implementation and performance improvement. For decades, KMAC has served as a trusted innovation partner to the Korean government, public institutions, and leading private-sector enterprises, helping shape and execute initiatives that strengthen national competitiveness, modernize industries, and advance digital and AI transformation, sustainability, and organizational excellence. By combining deep sector expertise, rigorous strategic insight, and proven execution capabilities with an extensive regional network, KMAC enables clients to convert ambitious visions into actionable roadmaps, measurable operational outcomes, and sustainable growth across Asia and global markets.
For more information, please contact:
Mr. Young Hwan Park Team Lead of Asia Business Center, Korea Management Association Consultants (KMAC) [email protected]
Etihad Rail will open passenger stations in Dubai and Al Dhaid on September 30 as the UAE’s national railway operator accelerates a phased expansion supported by strong early demand.The two openings will mark the formal launch of the wider passenger network, three months after introductory services began between Mohamed bin Zayed City in Abu Dhabi and Fujairah on June 30. More than 70,000 tickets have been sold […]
Several passengers and crew members were injured after an Air India flight from Phuket encountered turbulence and abruptly changed altitude while travelling to Delhi on Tuesday.
Flight AI2379 landed safely at Indira Gandhi International Airport after the disturbance during the cruise phase of its journey. Medical teams examined those affected after the aircraft reached the terminal, while airport personnel assisted passengers requiring wheelchairs or additional support.
Initial accounts indicated that about 12 to 14 people, including cabin crew, sustained injuries. Air India described the injuries as minor and said nobody was believed to be in a serious condition. A small number of passengers and employees were taken to the airport’s medical facility for precautionary assessment and care.
The airline said the aircraft experienced a brief turbulence-related event that caused a momentary change in altitude. It confirmed that everyone on board disembarked after the landing and that support was being provided to those affected.
Airport officials had ambulances and medical personnel ready when the flight arrived. Images from the terminal showed passengers receiving assistance, including people with bandages and others being moved in wheelchairs. The precise nature of all the injuries had not been disclosed.
Preliminary operational information suggested that the aircraft lost about 300 feet of altitude during the disturbance. The figure remained subject to confirmation through flight data and the formal examination of the event. The flight had been expected to arrive in Delhi at about 11.15am.
Some accounts placed the number of injured at 10 passengers and four crew members. Other reports cited a slightly lower total. The variation reflected early assessments made while passengers were still being examined and before a final medical count was available.
A passenger claimed that several people were thrown against cabin surfaces during the jolt and alleged that injuries included damage to an ear and a shoulder. Those claims had not been independently confirmed, while the airline maintained that no serious injuries had been identified.
The aircraft, identified in preliminary reports by the registration VT-EXO, was expected to undergo technical inspections following the incident. Such checks typically examine the airframe, cabin fittings and equipment after severe or unexpected turbulence, even when the aircraft lands normally and no structural damage is immediately visible.
Air India said it was cooperating with the relevant authorities. Aviation regulators are expected to review operational records, weather information, cockpit reports and data captured by the aircraft. Investigators may also examine whether seat-belt warnings were active and whether passengers and crew were secured when the turbulence struck.
Turbulence can develop when an aircraft passes through unstable air, thunderstorms, jet-stream boundaries or rapidly changing wind patterns. Clear-air turbulence is particularly difficult to detect because it can occur outside visible cloud formations and may not always be identified by conventional onboard weather radar.
The incident underlined the danger faced by passengers who remain unrestrained when an aircraft is cruising. Aviation safety guidance advises travellers to keep their seat belts fastened whenever seated, even when the warning sign is switched off, because sudden vertical movement can occur without enough time for the crew to issue an alert.
Cabin crew members face greater exposure because their duties require them to move through the aircraft during flight. Turbulence injuries frequently occur when employees are serving meals, securing equipment or helping passengers and cannot immediately reach their seats.
Airlines use forecasts, pilot reports and information shared between aircraft to avoid areas of known turbulence. Pilots may change altitude or alter course when conditions are detected ahead. However, rapidly developing air movements can still produce unexpected jolts, particularly during monsoon weather and near powerful convective systems.
Spotlighting Macao’s Emerging Medical and Wellness Sector
MACAU SAR – Media OutReach Newswire – 3 August 2026 – iRad Hospital, a premier medical and wellness facility launched by Melco Resorts & Entertainment and iRad Group, was recently featured in a July 2026 episode of CNN’s internationally broadcast program Meanwhile in Asia. The program discussed Macao’s efforts to diversify its economy beyond gaming, spotlighting its medical and wellness tourism sector.
iRad Hospital at Studio City, Macau
During the episode, CNN examined how destinations across Asia are seeking new growth avenues, noting Macao’s strategic push to develop a niche in medical tourism. The feature included a visit to iRad Hospital, which opened within a luxury integrated resort environment, and highlighted its proposition of allowing visitors to incorporate health screenings and aesthetic treatments into their leisure or family stays.
Located at Melco’s Studio City, iRad Hospital is the world’s first and Macao’s only integrated resort hospital. In partnership with iRad, Melco is playing a leading role in advancing Macao’s medical tourism development by integrating healthcare and wellness services with its world-class Forbes Five-star spa portfolio. The initiative aligns with Macao’s broader economic diversification objectives and contributes to strengthening the city’s appeal to high-value international visitors beyond gaming.
iRad Hospital offers advanced diagnostic imaging, wellness and preventive care, aesthetic medicine, executive health screening, and dedicated medical concierge services. Through partnerships with leading hospitals and institutions in Hong Kong, the United States and Korea, the hospital provides visitors with access to expanded specialty medical resources and healthcare options.
Mr. Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment, said, “Macao’s next phase of development will be defined by quality, innovation, and diversification. As the leading integrated resort operator, we are committed to advancing the evolution of the integrated resort model beyond traditional hospitality—integrating culture, wellness, and high‑value services that strengthen the city’s long‑term competitiveness. Through initiatives such as iRad Hospital at Studio City, Melco is helping shape the development of integrated medical and wellness tourism and enhancing Macao’s visibility as a diversified international destination.”
The issuer is solely responsible for the content of this announcement.
About Melco Resorts & Entertainment Limited
The Company, with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates City of Dreams (www.cityofdreamsmacau.com) and Altira Macau (www.altiramacau.com), integrated resorts located in Cotai and Taipa, Macau, respectively. In addition, the Company operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, the Company operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean, an integrated resort in Limassol, in the Republic of Cyprus (www.cityofdreamsmed.com.cy). In South Asia, the Company manages the Nüwa hotel at City of Dreams Sri Lanka (www.cityofdreamssrilanka.com), an integrated resort in Colombo, Sri Lanka. For more information about the Company, please visitwww.melco-resorts.com.
The Company is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
About iRad – Hong Kong’s largest MRI diagnostic services provider
Established in 2006, iRad is a trusted leader in diagnostic radiology across Hong Kong. As at 2024, iRad was the largest MRI diagnostic services provider in Hong Kong by revenue and by the number of MRI scanners. Focused on delivering high-quality imaging services and exceptional patient care, the Group’s strong and extensive client base includes the Government of the Hong Kong SAR, as well as other high-profile medical groups, corporations, private doctors and NGOs. Meanwhile, iRad Hospital is the first and largest private medical imaging and examination service provider within an integrated resort in Macau, making iRad Group the first medical imaging group in the world to offer comprehensive private imaging and examination services, including MRI and CT services, to the integrated resort industry.
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