Apple has unveiled a major overhaul of Siri and a broad set of child safety tools at its Worldwide Developers Conference, placing artificial intelligence and family controls at the centre of its next software cycle. The new Siri AI is available immediately for developer testing across iOS 27, iPadOS 27, macOS 27 and visionOS 27, with support for watchOS 27 due in a later developer beta. A […]
Iran and Israel moved back from direct confrontation on Monday after a sharp exchange of missile and air attacks threatened to rupture fragile diplomacy across the Middle East, with both sides saying they had halted strikes for now after a public appeal by U. S. President Donald Trump. Tehran said its offensive operations against Israel had stopped, but warned that attacks would resume if Israel continued to […]
Europe’s largest airline groups have warned Brussels that extending carbon charges to long-haul international flights would lift fares, raise cargo costs and deepen a dispute over how aviation should pay for its climate impact. Chief executives from major carriers including Air France-KLM, IAG, Lufthansa, Ryanair, easyJet, TUI and AirBaltic have urged European Commission President Ursula von der Leyen not to widen the European Union’s Emissions Trading System […]
Oil markets lurched higher on Monday as renewed Israeli strikes on Iran and attacks on Lebanon revived fears that the Middle East conflict could threaten energy flows through one of the world’s most critical crude corridors. Brent crude rose by more than $4 a barrel at one stage, climbing above $98 before paring gains, while West Texas Intermediate also advanced sharply as traders priced in a higher […]
Arabian Post Staff -Dubai Dubai World Trade Centre generated a record AED25.03 billion in economic output in 2025, underscoring the growing weight of large-scale business events in Dubai’s wider growth strategy and its push to deepen links with global trade, investment and innovation networks. The 2025 performance, equal to about $6.82 billion, marked a 12 per cent year-on-year rise and was driven by 108 large-scale exhibitions, international […]
Investment by leading industry institute supports Tracr’s evolution to becoming an independent, industry-wide platform for natural diamond provenance
LAS VEGAS, US – Media OutReach Newswire – 9 June 2026 – De Beers Group and GIA (Gemological Institute of America) today announced the signing of a definitive agreement for GIA to acquire a 30 per cent shareholding in Tracr, the De Beers Group-backed company behind the development of the pioneering diamond provenance blockchain-driven platform.
The agreement marks a significant milestone in Tracr’s evolution towards independence and reflects GIA’s confidence in the platform’s role as an industry-wide infrastructure to advance natural diamond provenance and traceability at scale.
GIA’s investment – which builds on a 2023 initiative to include diamond provenance information registered on Tracr’s platform on eligible GIA diamond grading reports – represents a significant step in this transition, reinforcing Tracr’s long-term credibility across the diamond value chain.
Al Cook, CEO of De Beers Group, said: “Consumers deserve to know where their diamonds come from and they should feel more confident in their understanding of each diamond’s source. At De Beers we have been providing provenance data on diamonds through Tracr for several years and we believe that delivering provenance should become an industry standard. Following our promise to open Tracr up to broad ownership, we are proud to be partnering with GIA as Tracr evolves into an independent, industry-wide platform. We will work alongside GIA to advance provenance transparency for the entire diamond sector.”
Pritesh Patel, President and CEO of GIA, said: “At GIA, our mission has always been rooted in trust, integrity, and consumer confidence. Our collaboration with Tracr over the past several years reinforced our belief that combining source-based blockchain provenance with GIA’s independent grading and identification expertise can help unlock a new level of transparency for the diamond industry. As Tracr continues to scale globally, we see a tremendous opportunity to deliver meaningful, verifiable provenance information from the source to the consumer. We are proud to deepen our commitment through this investment and help shape the next evolution of transparency, traceability, and trust across our industry.”
Jillian Wolk, CEO of Tracr, said: “The start of Tracr’s evolution into an independent platform, as a result of GIA’s investment, creates a strong foundation for the future. I am excited to continue scaling the platform and bringing more producers on board, which will support Tracr in enabling the individual journey of every registered diamond to come to life. Each stone carries its own narrative, defined by its source and the craftsmanship that has shaped it, and as Tracr continues to grow we have a fantastic opportunity to help reveal those unique stories.”
De Beers has been developing Tracr since 2018 and it is now a leading distributed diamond blockchain platform that starts at the source, registering diamonds at the point of recovery. In 2023, De Beers opened the platform to the wider diamond industry, positioning Tracr as an industry-wide, scalable solution for rough-to-polish verification of natural diamond provenance, which starts at a stone’s source.
Today, more than five million rough diamonds have been registered on Tracr at source, representing around two-thirds of De Beers’rough diamond production by value. Since January 2025, single country of origin for De Beers diamonds has been available on Tracr, with all newly sourced De Beers rough diamonds of one carat and above being registered on the platform.
The issuer is solely responsible for the content of this announcement.
About De Beers Group
Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services via De Beers Institute of Diamonds and a wide range of diamond sorting, detection and classification technology systems via De Beers Group Ignite. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo-American plc group. For further information, visit www.debeersgroup.com.
About GIA An independent nonprofit organization, GIA (Gemological Institute of America), established in 1931, is recognized as the world’s foremost authority in gemology. GIA invented the famous 4Cs of Color, Clarity, Cut and Carat Weight and, in 1953, created the International Diamond Grading System™ which is recognized around the world as the standard for diamond quality.
Through research, education, gemological laboratory services and instrument development, the Institute is dedicated to ensuring the public trust in gems and jewelry by upholding the highest standards of integrity, academics, science and professionalism.
The second edition of the popular topiary showcase introduces an interactive area starring Disney’s Frozen, and more beloved Disney and Pixar character dioramas including Toy Story 5 and Disney Princess
SINGAPORE – Media OutReach Newswire – 8 June 2026 – Disney magic blooms anew at Singapore’s premier horticultural destination Gardens by the Bay as the second edition of Disney Garden of Wonder, opens today. Featuring 23 vibrant topiaries inspired by beloved Disney and Pixar characters, the enchanting showcase transforms Floral Fantasy into a world of floral artistry and imagination through 14 March 2027.
Beauty and the Beast
Organised in collaboration with Disney and supported by the Singapore Tourism Board, Disney Garden of Wonder is inspired by Disney and Pixar stories that have charmed generations of fans around the world, inviting people of all ages to re-discover their favourite stories of courage, kindness, friendship and love through the beauty of plants. Following the success of its debut at Gardens by the Bay in 2024, the enthralling floral showcase returns in an even more special second edition.
Anna and Olaf from Frozen
Visitors can look forward to five themed areas:
Frozen, in which topiary versions of Anna, Elsa and Olaf preside over an enchanting snowy landscape, brought to life through themed lighting that imagines a frost-kissed world of wonder. Inspired by Elsa’s Ice Palace, visitors can step on a floor where magical snowflakes dance and respond to movement.
Disney princesses, where Rapunzel appears alongside her best friend Pascal the chameleon; Belle is with the Beast and their enchanted companions; and Jasmine is accompanied by her loyal tiger Rajah.
Hundred Acre Wood, where Winnie the Pooh, Eeyore, Piglet and Tigger gather in a cheerful party scene. Tigger bounces up and down while Piglet twirls, and visitors can picture themselves joining everyone at the table!
Toy Story 5, where Woody, Jessie and Buzz Lightyear appear as topiaries in a playful setting inspired by Bonnie’s Room, alongside displays of new characters Lilypad and Smarty Pants.
Go Local, a Singaporean-themed zone where Disney characters are reimagined in familiar local settings. Chip ‘n Dale perch atop a giant ice cream sandwich; Minnie Mouse and Daisy Duck share the spicy rice noodle dish laksa; and Mickey Mouse makes the traditional beverage teh tarik with Donald Duck.
Outside Floral Fantasy, a 4m-tall Sorcerer’s Apprentice Mickey marks the entrance and welcomes visitors to Gardens by the Bay.
The hand-assembled topiaries are crafted from more than 40 species of preserved and dried floral materials, which took more than 16,000 man hours.
Each material was selected for its colour, texture and form, helping to reflect each character’s features. Plenty of flowers are used for the Disney princesses for example, while Rapunzel’s hair is crafted from Stipa, a perennial grass that has fluffy or oat-like flowerheads.
The surrounding landscapes also use plant palettes that reflect the mood of each zone — sunflowers and marigolds reflect the honey-toned meadow setting of Winnie the Pooh, while lilies and roses bring out the romantic and jewel-toned settings of Disney Princess stories. Hydrangeas and dusty miller evoke the icy blues, whites and silvers of Frozen.
Throughout the duration of Garden of Wonder, visitors can enjoy select weekend Meet and Greet sessions with Mickey Mouse and Minnie Mouse in outfits inspired by Singapore’s national flower, the Vanda Miss Joaquim. Donald Duck and Daisy Duck will also join the experience on select weekends, dressed for a sunny getaway on our tropical island. Meet and Greet dates are available at www.gardensbythebay.com.sg/disneygardenofwonder.
Visitors can round off their experience with shopping at the gift shop, which carries items launching exclusively at Disney Garden of Wonder.
Disney Garden of Wonder
Date: 8 June 2026 to 14 March 2027
Time: 10am to 9pm
Venue: Floral Fantasy at Gardens by the Bay
Details: Tickets are priced at SG$24 for adults and SG$16 for children
Getting here: Take the MRT to Bayfront station. Alternatively, drop off at the Bayfront Plaza carpark via taxi or ride-hailing service. More information available here.
The issuer is solely responsible for the content of this announcement.
Gardens by the Bay
An integral part of Singapore’s “City in Nature” vision, Gardens by the Bay is a national garden and premier horticultural attraction that showcases the best of garden and floral artistry for all to enjoy. Spanning 101 hectares in the heart of Singapore’s downtown Marina Bay, it comprises three waterfront gardens – Bay South, Bay East, and Bay Central. Bay South, the largest at 54 hectares, officially opened on 29 June 2012.
Guided by the vision to be a world of gardens for all to own, enjoy and cherish, the Gardens’ extensive plant collection, ever-changing floral displays, and myriad of engaging programmes have captured the imagination of many, while its Gift of Gardens community initiative, with Mr Tharman Shanmugaratnam, President of the Republic of Singapore as Patron, reaches out to people from all walks of life.
Since opening, Gardens by the Bay has welcomed more than 115 million visitors and garnered numerous international accolades including the third Top Attraction in the World in Tripadvisor Travelers’ Choice Awards Best of the Best 2026, Outstanding Achievement in Sustainability at the Singapore Tourism Awards 2024, Best Theme Attraction at TTG Travel Awards 2022 and 2023, and Best Attraction Experience at the Singapore Tourism Awards 2019. The Gardens continues to refresh and refine its offerings, to be a place that everyone can enjoy – a garden where wonder blooms.
By Asad Mirza Marking exactly 100 days since a catastrophic conflict reordered the Middle East, a fragile, US-brokered truce violently collapsed as Israeli jets struck deep inside Iranian territory. By directly defying President Donald Trump’s explicit warnings to exercise restraint, Israeli Prime Minister Benjamin Netanyahu has pushed the region into uncharted waters, leaving a heavily […]
Spearheads Cross-border Tech Collaboration Leveraging Hong Kong’s Role as Superconnector
HONG KONG SAR – Media OutReach Newswire – 8 June 2026 – The Hong Kong Polytechnic University (PolyU) is set to make its debut at Paris-based Viva Technology 2026 (VivaTech), Europe’s flagship premier event dedicated to technological innovation and startup collaboration. PolyU’s first-ever participation at the prestigious tech summit which is composed of a startup exhibition and two insight-packed seminars, will be led by Prof. Christopher CHAO, PolyU’s Senior Vice President (Research and Innovation), and Prof. Zijian ZHENG, Vice President (Knowledge Transfer). This milestone underscores the University’s expanded global outreach and strengthened engagement with European markets.
The Hong Kong Polytechnic University will showcase five promising PolyU startups at Paris-based VivaTech 2026. Visitors are welcome to interact with these innovative ventures and join its insight-packed seminars.
During this year’s event scheduled from 17 to 20 June 2026 at Paris Expo Porte de Versailles, PolyU will showcase its achievements at the Hong Kong Tech Pavilion organised by the Hong Kong Trade Development Council (HKTDC). Located at Booth 1C11, Hall 7.1, the University will present five outstanding PolyU-nurtured startups across high-growth tech domains, including AI and Robotics, Health Tech, Sustainable and Climate Tech, and FinTech. For more information about these innovative ventures, please check out the event’s online leaflet.
As Europe’s most influential innovation gathering, VivaTech brings together global visionaries, startup founders, industry leaders, investors and corporate innovators, providing as a pivotal platform for cross-border collaboration and technological knowledge exchange. PolyU’s participation at VivaTech further extends its global innovation footprint into Europe, and connects the University and its startups with international investment and market resources.
In addition to the exhibition, PolyU will host an exclusive thematic session on-site and engage in high-level industry dialogues to deepen collaboration between Europe and Hong Kong. On 18 June, PolyU will stage a dedicated seminar titled “Breaking Barriers with Autonomous Systems: Transforming Industries with AI Innovation”, where Prof. Chao will deliver the opening remarks, and Prof. Zheng will share his insight on how Hong Kong is scaling innovation as a leading AI hub, driving technological advancement and fostering global collaboration. Meanwhile, the five PolyU startups will share about their journeys in innovation and entrepreneurial endeavours.
On 19 June, Prof. Chao will participate as a distinguished speaker in the Executive Dialogue during the HKTDC-hosted Hong Kong Seminar-cum-Networking Reception. Centred on the theme “Talent & Infrastructure Powering the Hong Kong Tech Leadership and Global Collaboration”, the high-level seminar also features distinguished leaders representing the forefront of Hong Kong’s innovation and technology ecosystem. Prof. Chao will engage in in-depth topics such as how to attract and nurture global talent, and how academia-driven initiatives can drive technological synergies between Hong Kong and Europe.
For full details of PolyU’s participation at VivaTech 2026, please visit the webpage of PolyU’s Knowledge Transfer and Entrepreneurship Office.
Hashtag: #PolyU
The issuer is solely responsible for the content of this announcement.
A powerful offshore earthquake struck the southern Philippines early Monday, killing at least 12 people, damaging buildings in General Santos City and sending coastal residents racing to higher ground after tsunami waves hit parts of Mindanao. The magnitude was placed at 7.8 by global monitors, while domestic bulletins initially listed the tremor at 7.4. The quake struck at 7.37am local time, with its centre at sea near […]
SAN MATEO/HANOI – Media OutReach Newswire – 8 June 2026 – VinDynamics, a robotics technology company within Vingroup, and Skild AI, a company developing foundation models for robotics, today announced the signing of a strategic Memorandum of Understanding (MOU) to collaborate on humanoid robotics and embodied AI. The move marks another step in VinDynamics’ strategy to accelerate humanoid robotics development through global collaboration and advanced technology partnerships.
Representatives of VinDynamics and Skild AI at the signing ceremony of a Memorandum of Understanding (MoU) in San Mateo, California, USA.
Under the MOU, the collaboration will focus on embodied AI research, robot manipulation, sim-to-real transfer, edge AI deployment, and validation of humanoid systems in real-world environments. Both companies will also explore opportunities to integrate The Skild Brain, Skild AI’s omnibodied AI software, into VinDynamics’ humanoid robots. The Skild Brain runs directly on robotic hardware and enhances the adaptability, efficiency, and reliability of humanoid systems in practical applications.
Additional areas under discussion may include knowledge exchange related to robot intelligence and real-world deployment, as well as potential cooperation in software, model, and hardware development, alongside the potential manufacturing of humanoid robots at scale.
The partnership brings together VinDynamics’ robotics engineering, manufacturing capabilities, and real-world deployment ecosystem with Skild AI’s foundation model technology. Together, the companies aim to accelerate the development and deployment of humanoid robots capable of operating in complex and dynamic environments, while supporting growing demand for intelligent robotic systems across industries including manufacturing, logistics, hospitality, and commercial services.
Prof. La Manh Hung, President, VinDynamics, said: “This partnership represents an important step for VinDynamics as we continue building scalable humanoid robotics platforms for real-world deployment. Skild AI brings the most exciting advances in embodied AI today. Combined with our robotics platform and manufacturing capabilities, we believe this partnership can accelerate the deployment of humanoid robots in complex environments.”
Mr. Deepak Pathak, Co-Founder and CEO of Skild AI, said: “The future of robotics depends on combining scalable physical systems with adaptable, general-purpose intelligence. VinDynamics brings strong engineering capabilities, manufacturing scale, and access to real-world deployment environments through the Vingroup ecosystem. We are excited to work together to advance embodied AI for practical applications.”
Established in September 2025, VinDynamics is a pioneering company in the field of humanoid robotics within Vingroup. The company is dedicated to developing versatile, human-centric robots capable of seamless integration into everyday life, with the scalability to support global deployment.
Hashtag: #VinDynamics
The issuer is solely responsible for the content of this announcement.
About VinDynamics
VinDynamics is a technology company under Vingroup, dedicated to the research, development, and manufacturing of advanced robotics and automation solutions, particularly in the field of humanoid robots. Leveraging cutting-edge technologies such as artificial intelligence, mechatronics, and motion control, VinDynamics aims to deliver intelligent, safe, and cost-effective robotic products that enhance productivity and improve quality of life.
Founded in 2023, Skild AI builds a general-purpose foundation model for robotics. Backed by SoftBank Group, NVIDIA Ventures, Jeff Bezos, Lightspeed, Coatue, Sequoia Capital, Felicis, and others, the company is valued at over $14 billion. Offices in Pittsburgh, the San Francisco Bay Area, and Bengaluru.
Israel launched airstrikes on military targets in western and central Iran early on Monday after Iran fired missiles and drones towards Israeli territory overnight, pushing the region into another dangerous phase of direct confrontation. The Israeli military said its air force hit military sites linked to Iran’s missile and drone capabilities. Explosions were reported in Tehran, Isfahan and Tabriz, while authorities in Iran suspended flights at Tehran’s […]
Chinese President Xi Jinping is due to travel to North Korea on June 8 for a two-day state visit aimed at reinforcing Beijing’s leverage over Kim Jong Un at a moment when Pyongyang has expanded its nuclear posture, tightened defence ties with Russia and shown less dependence on its long-standing patron. The trip, Xi’s first to North Korea in nearly seven years, places China at the centre […]
Iran’s World Cup players have been granted visas to enter the United States, easing a major logistical and diplomatic obstacle 10 days before their opening match against New Zealand in Los Angeles. A White House official said the players’ entry documents had been approved overnight after Iran’s ambassador to Mexico, Abolfazl Pasandideh, said the squad was still waiting for US visas. The clearance removes the most immediate […]
Mastercard is moving deeper into blockchain-based settlement by adding regulated stablecoins and the XRP Ledger to a wider upgrade of its global payments infrastructure, marking a significant step in the effort to make card settlement operate beyond conventional banking hours. The payments group has outlined plans to expand settlement options for issuers and acquirers, including intraday, weekend and holiday processing in fiat currencies and on-chain card settlement […]
HONG KONG SAR – Media OutReach Newswire – 5 June 2026 – A large high-level business delegation led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), today (June 5) wrapped up its five-day visit to Kazakhstan and Uzbekistan respectively, achieving fruitful results of strengthening bilateral relations and deepening ties with Central Asia.
The delegation of over 70 business and institutional leaders from Hong Kong and the Chinese Mainland is the largest and most diverse overseas mission led by the current term of the HKSAR Government so far.
Hong Kong SAR’s Chief Executive, John Lee (fifth right) and the Advisor to the President of Uzbekistan on Strategic Development, Sardor Umurzakov (fourth right) witness the exchange of memoranda of understanding and co-operation agreements between government departments, enterprises and organisations from Hong Kong and Uzbekistan.
Speaking to the media in Uzbekistan yesterday (June 4), Mr Lee set out the three main objectives of the visit: further explore emerging markets and lay the foundation for long-term economic and trade development; strengthen government-to-government (G2G) relationships and promote closer bilateral co-operation; and build a “hub-to-hub” model of co-operation.
He said the visit had been successful, yielding achievements in eight areas, including:
Establishing high-level contacts and ties between the HKSAR Government and the Governments of Kazakhstan and Uzbekistan, and reaching consensus on co-operation in multiple areas;
A total of 96 co-operation agreements and memoranda of understanding (MoUs) were reached during the visit (61 with Kazakhstan, 35 with Uzbekistan), involving specific amounts exceeding US$1.65 billion in total;
The governments agreed to commence bilateral discussions on agreements in various areas;
Deepening project matching and research collaboration between Hong Kong and Central Asian region in areas including finance, innovation and technology (I&T), and aviation;
Demonstrating Hong Kong’s effective role as a platform for going global and achieving substantial results, with Hong Kong and Mainland enterprises joining forces in tapping new markets and bringing synergistic advantages into full play;
Facilitating more convenient people-to-people exchanges by promoting direct flights, aviation and transport co-operation, and extensions to the mutual visa-free period;
Promoting exchanges in education, talent and culture to further deepen people-to-people bonds; and
Advancing a hub-to-hub co-operation model to open up broader room for co-operation between Hong Kong and the Central Asian region.
While in Tashkent (June 3-5), Mr Lee met with local leaders, government officials and business representatives to deepen co-operation between Hong Kong and Uzbekistan in areas including trade, investment, finance, I&T, and people-to-people exchanges.
Mr Lee held meetings with the President of Uzbekistan, Shavkat Miromonovich Mirziyoyev, his Advisor on Strategic Development, Sardor Umurzakov, the Prime Minister, Abdulla Nigmatovich Aripov, as well as the Deputy Prime Minister, Jamshid Khodjayev, to exchange views on furthering mutual co-operation.
Mr Lee highlighted that under the “one country, two systems” principle, Hong Kong enjoys both the China advantage and the global advantage. He said that Hong Kong would continue to play its roles as a “super connector” and a “super value-adder” to further deepen co-operation and exchanges with Uzbekistan on various fronts in line with Uzbekistan’s goal of achieving high-quality development.
Hong Kong SAR’s Chief Executive, John Lee (left) meets with the President of Uzbekistan, Shavkat Miromonovich Mirziyoyev.
Earlier (June 3), Mr Lee met with the Minister of Foreign Affairs of Uzbekistan, Bakhtiyor Saidov, after which they jointly witnessed an exchange of notes between the two places on a mutual visa-free arrangement, which would allow a visa-free period of 30 days for visitors from both sides.
“Moreover, we are glad to have initialed the Air Services Agreement with Uzbekistan, and look forward to launching direct passenger flights between the two places soon,” Mr Lee said, during a high-level business dinner (June 4). The Chief Executive pointed out that Hong Kong and Uzbekistan are important trade and investment gateways to their respective regions – the Asia-Pacific and Central Asia.
“It helps that we are all believers in the Belt and Road (B&R) Initiative, a modern expression of the ancient Silk Road spirit,” Mr Lee said. “Today, China is Uzbekistan’s largest trading partner, and the two countries work closely on major infrastructure and connectivity projects that are revitalising the Silk Road. Hong Kong is a pivotal player in the B&R Initiative, thanks to our world-class professional and financial services expertise.”
The delegation also toured the IT Park Uzbekistan and the Center for Islamic Civilization before concluding its visit in Tashkent.
By Dr. Gyan Pathak After a series of political setbacks since Lok Sabha Election 2024, the meet of the INDIA bloc scheduled to be held at the Constitution Club in New Delhi on June 8 is a significant development, especially when one of its allies DMK has announced to skip the meet, and the BJP […]
New Delhi scrapped capital gains tax on foreign institutional investment in government securities, using an ordinance to sharpen the appeal of its sovereign debt market and draw overseas capital as the rupee faces pressure from higher energy costs and equity outflows.
The exemption, effective from 1 April 2026, covers interest income and capital gains arising from the sale, exchange or transfer of specified government securities by eligible foreign institutional investors and the Bank for International Settlements. President Droupadi Murmu signed the Income-tax Ordinance, 2026 while Parliament was not in session, amending the new direct tax framework that took effect at the start of the financial year.
Foreign investors had been subject to long-term capital gains tax of 12.5% on listed bonds held for more than 12 months and withholding tax of 20% on interest from government securities. By removing the tax burden for eligible investors, the Centre is seeking to improve post-tax returns and make rupee debt more competitive at a time when global funds are weighing currency risk, oil-market volatility and geopolitical uncertainty.
The policy shift comes as the rupee has weakened by more than 5% this year, pressured by crude prices and sustained foreign selling in equities. The currency recovered after the announcement of measures aimed at attracting foreign currency inflows, but traders continued to watch oil prices, reserve levels and the central bank’s market operations for signs of durable support.
Reserve Bank of India kept the policy repo rate unchanged at 5.25% and announced steps to encourage dollar inflows, including support for foreign-currency borrowing by public sector entities, incentives for non-resident deposits and a longer window for exporters to repatriate proceeds. The central bank also revised its growth forecast to 6.6% and raised its inflation estimate to 5.1%, underlining the pressure created by imported energy costs.
The tax relief is aimed at deepening overseas participation in government securities after the inclusion of rupee bonds in major global debt benchmarks. Fully accessible route bonds have already been added to J. P. Morgan’s emerging market debt index and Bloomberg’s emerging market local currency index, widening the pool of passive and active investors that can allocate funds to sovereign debt. A separate decision on inclusion in broader global bond benchmarks is being watched by investors because it could influence medium-term flows.
Debt inflows have remained more resilient than equity flows, but the scale has not been sufficient to offset pressure from the current account and stock-market exits. Foreign investors have pulled large sums from equities this year, while government debt has continued to attract selective buying. Higher hedging costs and expectations of currency weakness have limited enthusiasm among some global investors despite the comparatively attractive yield on rupee bonds.
Market participants expect the tax exemption to help long-only funds, pension funds, sovereign investors and reserve managers that focus on net returns after tax. The measure could also support liquidity in benchmark government securities and reduce borrowing costs at the margin if foreign demand rises. For the Centre, a broader investor base would help absorb a large borrowing programme without placing excessive pressure on domestic banks and insurance companies.
The effect may still depend on factors beyond tax policy. Currency stability, inflation expectations, oil prices, fiscal credibility and the central bank’s approach to liquidity will shape overseas appetite. Investors that hedge currency exposure must still account for hedging costs, while those that remain unhedged face the risk of rupee depreciation wiping out yield gains.
Arabian Post Staff -Dubai Dubai’s Emirates has promoted Hanan Mohammed Jawad and Bakhita Al Mheiri to captain rank, making them the first UAE national women to reach the command position at the airline and placing both on its Boeing 777 flight deck. The promotion gives the two pilots their fourth stripes after years of training, line flying and command preparation within one of the world’s largest long-haul […]
Over five years, nearly 9,000 teachers and students have participated in the Fair to drive youth engagement in innovation and technology
HONG KONG SAR – Media OutReach Newswire – 4 June 2026 – Organised by the Hong Kong Innovation Foundation (‘HKIF’), the Fifth Hong Kong Science Fair (‘Science Fair’) will take place from 27 to 28 June 2026 at the Hong Kong Convention and Exhibition Centre. The event will showcase around 120 shortlisted teams from primary and secondary schools across Hong Kong, presenting creative inventions that integrate artificial intelligence with a diverse range of technology applications. With Sino Group as Principal Patron, the Innovation, Technology and Industry Bureau of the HKSAR Government (ITIB) as the Supporting Bureau, and the Hong Kong Council for Testing and Certification (HKCTC) as Strategic Partner, HKIF is also honoured to have, for the first time, invited the Foundation for the Development of Science and Technology in China as an Advisory Organisation. Representatives from the Foundation will attend the award ceremony to witness the announcement of this year’s winning teams. Consistently a major draw for the community, the Science Fair is now open for online registration with free admission, and the public is warmly invited to attend in person.
Since its launch in 2021, the Science Fair has attracted participation from over 400 local schools, engaging nearly 9,000 students and teachers from Primary 4 to Secondary 6. To date, more than 2,200 creative invention submissions have been received, and the event has established itself as a key platform for youth I&T exchange.
Following Hong Kong’s first astronaut, Dr Lai Ka-ying, into space, the local innovation and technology ecosystem has attracted even greater attention. This year’s Science Fair has specially incorporated aerospace engineering elements, enabling the public to learn about the daily work and challenges of payload specialists, gain insight into the reality of aerospace research and development, and spark greater interest among young people in space exploration. Dr Lai launched aboard the Shenzhou-23 manned spacecraft and is expected to remain in space for approximately six months to conduct space science experiments and maintenance tasks. Visitors can express their support and encouragement by creating message cards for her. In addition, UBTECH Robotics, a globally leading enterprise in embodied AI robotics, will participate in the exhibition, showcasing multiple humanoid robots and offering visitors the opportunity to experience the appeal of embodied intelligence up close.
Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, stated: ‘The Hong Kong SAR Government is fully committed to developing Hong Kong into an international innovation and technology (I&T) centre, with talent being a key driver of this growth. Now in its fifth edition, the Hong Kong Science Fair – organised by the Hong Kong Innovation Foundation – has become an annual flagship I&T education event. It offers students a valuable platform to turn their innovative ideas into practice, deepen their interest and confidence in I&T, and help bring I&T into schools and the wider community, thereby fostering a more innovation-friendly atmosphere. I look forward to seeing more young people unleash their potential through this platform, pursue careers in I&T, and contribute to the high-quality development of Hong Kong and our nation.’
Mr Daryl Ng, SBS, JP, Chairman of the Hong Kong Innovation Foundation and Chairman of Sino Group, said ‘Innovation and technology are key to Hong Kong’s long-term sustainable development and are integral to the country’s 15th Five-Year Plan. It is vital for Hong Kong to strengthen its I&T capabilities and actively contribute to national development, as underscored by the historic moment when Dr Lai Ka-ying became Hong Kong’s first astronaut. We are encouraged to see growing recognition of I&T opening up new opportunities for young people aspiring to pursue scientific research. As the Hong Kong Science Fair enters its fifth edition, its growth has been made possible by the support of the HKSAR Government, industry partners, tertiary institutions, research organisations, and our panels of judges. This year, we are grateful for the guidance and support of the Foundation for the Development of Science and Technology in China. Moving forward, the Science Fair will remain committed to nurturing talent from an early age, bringing together all sectors to promote I&T and inspire more young people to pursue careers in science and technology.’
Professor Anderson Shum, MH, Chairman of Judging Panel, Hong Kong Science Fair, President of The Hong Kong Young Academy of Sciences, said, ‘The Science Fair adopts the format of “integrating competition with exhibition,” enabling students to translate their learning into tangible and verifiable outcomes. This plays an important role in nurturing Hong Kong’s youth I&T ecosystem. I am delighted to have served as a judge for this major event over the years, witnessing students progressively enhance their presentation skills, build confidence, and broaden their horizons through exchanges with experts, participation in workshops and showcasing their work to the public. The standard of participating projects continues to improve each year, with increasing integration of artificial intelligence and diverse technological applications across different fields. Scientific research is a journey that demands passion and perseverance, and the growth of young scientists often begins with curiosity during their primary and secondary school years. Through these exchanges, we hope to leverage the role-model influence of young scientists, inspiring more students to pursue I&T as their lifelong career. I look forward to seeing our younger generation continue to grow and excel in scientific research and innovation, and officially join the community of scientists in the near future to jointly drive Hong Kong’s I&T development.’
Mr Michael Tam, Chief Brand Officer of UBTECH, said, ‘Humanoid robots are among the most promising real-world embodiments of artificial intelligence, reflecting a future in which intelligent systems are deeply integrated with the physical world. As a global pioneer in humanoid robotics, UBTECH has remained at the forefront of innovation for more than 14 years, with a long-standing commitment to I&T education. The company is dedicated to translating advanced technologies into practical, accessible educational resources. Through collaboration with like-minded partners such as the Hong Kong Innovation Foundation, we aim to inspire greater interest and engagement among both teachers and students in humanoid robotics and artificial intelligence. We are committed to supporting the development of Hong Kong’s I&T education ecosystem, helping to nurture future-ready talent and build a strong, sustainable foundation for long-term growth.’
Since its launch in 2021, the Science Fair has attracted participation from over 400 local schools, engaging nearly 9,000 Primary 4 to Secondary 6 students and their teachers. To date, more than 2,200 creative invention submissions have been received and total attendance has exceeded 120,000 visitors. The Science Fair has gradually established itself as a key platform for youth innovation and technology (‘I&T’) exchange and one of Hong Kong’s most representative I&T education initiatives. This year’s response has been enthusiastic, with over 500 project submissions received. Following preliminary judging, around 120 shortlisted teams took part in a series of workshops and mentorship sessions, and will present their projects at the exhibition in late June to compete for top awards. Gold award-winning teams from each category will have the opportunity to participate in the International Exhibition of Inventions Geneva in Switzerland, fostering idea exchange with global I&T talents.
The Hong Kong Science Fair draws tens of thousands of visitors each year. During the exhibition period, the venue will be transformed into a catalyst for city-wide I&T inspiration. In addition to student showcases, five interactive zones will offer hands-on experiences, including DIY bubble bath bomb workshops, freezer-free slushie making, themed games celebrating the Science Fair’s fifth anniversary, and modified remote-controlled cars made from upcycled household appliances, allowing visitors of all ages to explore science and innovation through engaging and enjoyable activities.
Bulu Bulu Bubble Factory: Blending science with sensory experiences, visitors can mix and mould from scratch to create a delightful ‘bathroom blind box’.
Shake Shake Ice Factory: Applying the principle of freezing point depression, participants will see how temperature can be rapidly lowered using only salt, ice and water to create personalised slushies — all without a freezer.
Scan2Play: Scan the QR Code on your phone to join the themed game celebrating the Hong Kong Science Fair’s Fifth Anniversary.
Racing Homey Kart 2.0: Showcasing the spirit of upcycling and upgrades, visitors can transform old, small household appliances into remote-controlled racing cars and compete on a dedicated track.
UBTECH Robotics Base: Featuring a wide range of robots, this zone provides a comprehensive showcase of the integration of artificial intelligence with mechanical engineering.
To celebrate the Science Fair’s fifth edition, various special experiences will be introduced. The venue will feature a hidden Science Fair character treasure hunt and check-in activity, through which visitors can redeem curated gifts upon completion. Limited-edition souvenirs, including the ‘HKSF-5 Metal Standee Collection’ and the ‘Special Edition Robo K’ blind boxes, will also be available in limited quantities. All proceeds from the HKSF Bazaar, with no deduction, will go directly to charity to support local community technology initiatives.
The Fifth Hong Kong Science Fair Details:
Date: 27 to 28 June 2026 (Saturday and Sunday)
Time: 10:00 am to 6:00 pm
Venue: Hong Kong Convention and Exhibition Centre, Hall 3FG
Admission: Free of Charge (Pre-registration online is required)
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Strategic alliance to drive headline concerts, sports events and premium travel experiences for international audiences, accelerating Macau’s push to become a global “City of Performing Arts.”
MACAU SAR – Media OutReach Newswire – 3 June 2026 – Galaxy Macau, the world-class luxury integrated resort, has entered into a landmark three-year strategic partnership with Trip.com Group, the global leading one-stop travel services platform, spanning 2026 to 2029. Anchored in the fast-growing convergence of live entertainment, sports and premium travel, the alliance signals an ambitious push to reshape Asia’s high-value tourism and events landscape.
Galaxy Macau and Trip.com Group formulate a three-year strategic partnership that focuses on scaling live events and unlocking value through integrated membership ecosystems. Pictured at the Galaxy Auditorium (trom right) Mr Jeffrey Jiang, Executive Vice President of Entertainment Services of Galaxy Entertainment Group, and Ms Echo He, Vice President of Trip.com Group, marking the collaboration.
At the core of the collaboration lies a shared commitment to scale world-class live experiences, leveraging Trip.com Group’s expansive global membership ecosystem alongside Galaxy Macau’s proven expertise in venue operations and large-scale event execution. This includes the flagship Galaxy Arena, a premier destination for international concerts, sporting spectacles and marquee entertainment programming.
Celebrating 15th Anniversary in 2026, Galaxy Macau cements its position as Asia’s market-leading leisure and entertainment hub.
Through this partnership, both parties will deepen integration across event curation, execution and distribution, while unlocking new layers of value through cross-platform membership privileges. The result is designed to deliver a more seamless, diversified and elevated experience for audiences — from ticket access and travel planning to on-ground entertainment delivery.
The agreement marks a pivotal step forward in advancing the integration of culture and tourism, a priority theme shaping the next phase of regional tourismdevelopment. By combining digital reach with physical destination excellence, Galaxy Macau and Trip.com Group are positioned to explore a broader spectrum of co-branded initiatives, immersive event formats and destination-led campaigns that extend beyond conventional travel offerings.
As the collaboration evolves, Galaxy Macau and Trip.com Group will jointly shape emerging trends at the intersection of luxury tourism and cultural entertainment, injecting fresh momentum into Macau’s ambition to strengthen its standing as a world centre of tourism and leisure.
The issuer is solely responsible for the content of this announcement.
ABOUT GALAXY MACAU INTEGRATED RESORT
Galaxy Macau, world-class luxury integrated resort, delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575 metres, the largest Skytop Wave Pool with waves up to 1.5-metre high and 150-metre pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.
As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theatres are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.
Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.
HONG KONG SAR – Media OutReach Newswire – 3 June 2026 – A large delegation, led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), is visiting Kazakhstan and Uzbekistan (June 1-6) to forge closer ties with Central Asia.
Comprising over 70 business and professional representatives from Hong Kong and the Chinese Mainland, the delegation has already yielded significant results at its first stop in Kazakhstan.
Speaking at a business luncheon in Astana yesterday (June 2), Mr Lee highlighted that 43 memoranda of understanding (MOU) and agreements have been concluded by the visiting delegation with companies and organisations from Kazakhstan, with more agreements to come.
“They span aviation, finance and trade, innovation and technology, the digital economy, green development, and more,” Mr Lee said, adding that a Hong Kong airline plans to launch direct flights to Almaty in the first quarter of 2027.
“I believe that Kazakhstan can serve as a hub for Hong Kong to connect with the Central Asian market. In turn, Hong Kong can be Central Asia’s hub in the east and southeast Asian region,” Mr Lee said.
“By strengthening co-operation between our two hubs, we can construct a hub-to-hub co-operation model.”
On his first day of visit in Astana (June 1), Mr Lee met with top government officials including the President of Kazakhstan, Kassym-Jomart Tokayev, Prime Minister Olzhas Bektenov, and Deputy Prime Minister and Minister of National Economy Serik Zhumangarin.
Hong Kong SAR’s Chief Executive John Lee (left) meets with the President of Kazakhstan Kassym-Jomart Tokayev to exchange views on deepening bilateral relations.
Mr Lee noted that Kazakhstan has been actively promoting reforms on various fronts to bring about rapid economic growth.
“As one of the world’s three major financial centres, and the world’s largest cross-boundary wealth management centre and offshore Renminbi business hub, Hong Kong can provide diversified and flexible support including capital and asset allocation for Kazakhstan’s economic reforms and infrastructure development,” Mr Lee said.
The Chief Executive also encouraged companies in Kazakhstan to leverage Hong Kong’s advantages under the “one country, two systems” principle.
“Under this unique principle, Hong Kong has its own economic, social, legal, legislative and judicial systems. We are the only common law jurisdiction in China. We have our own currency, with no capital or foreign exchange controls. We are, as well, a separate customs territory,” Mr Lee said.
“The ‘one country, two systems’ principle ensures Hong Kong’s unparalleled access to the markets of the Chinese Mainland. Capitalising on our global connectivity and world-class professional services, Hong Kong is your ideal, two-way springboard for business expansion.”
Mr Lee also visited the Astana International Financial Centre and the Astana Hub, a local technology and innovation park, to respectively learn about Kazakhstan’s experience in promoting the development of the non-bank financial sector and the latest developments of the country in the field of AI.
Hong Kong SAR’s Chief Executive John Lee (centre) witnesses the exchange of memoranda of understanding and co-operation agreements between organisations from both sides with the Governor of the Astana International Financial Centre Renat Bekturov (second right).
Before leaving Kazakhstan today (June 3), Mr Lee visited Nazarbayev University, underscoring the historic significance of the trip.
“It was here, at Astana’s Nazarbayev University in 2013, that President Xi Jinping first raised the visionary initiative of jointly building the Silk Road Economic Belt – today’s Belt and Road Initiative (BRI),” Mr Lee said.
Last year, at the 10th Belt and Road Summit in Hong Kong, the university signed a MOU with the Hong Kong University of Science and Technology, demonstrating a shared commitment to advancing higher education co-operation under the BRI. It further reached MOUs with Hong Kong’s Education University and Polytechnic University today.
“These agreements will deepen academic and research collaboration.
“Hong Kong is the only city in the world with five of the top 100 universities. This talent environment is reinforced by our global standing: last year, Hong Kong ranked first in Asia, and fourth globally, in the World Talent Ranking,” he added.
Mr Lee will continue to lead the delegation to Uzbekistan for the second leg of the mission to Central Asia.