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Growth Sectors Driving Singapore’s Economy

According to the Ministry of Manpower’s Labour Market Report (Q2 2025), resident employment continues to expand in Health & Social Services, while demand for roles in Information & Communications Technology (ICT) and sustainability-related fields remains robust despite global uncertainties. Job vacancies reached 76,900 in June 2025, surpassing the number of jobseekers, with a ratio of 1.35 vacancies per unemployed person—underscoring sustained demand for skilled talent.

Singapore’s Smart Nation and Green Plan strategies highlight key growth sectors including the digital economy (AI, data analytics, cybersecurity, cloud computing), finance and fintech (green finance, blockchain, digital banking), healthcare and life sciences (driven by aging demographics and biomedical innovation), and sustainability (ESG consulting and renewable energy)

SIM’s Industry-Aligned Programmes

SIM addresses the needs of Singapore’s fastest-growing sectors through two key business units: SIM Global Education (SIM GE) and SIM Academy (SIMA).

SIM GE collaborates with leading universities to deliver degree programmes in high-demand areas, such as:

• Bachelor of Science (Honours) in Data Science and Business Analytics (University of London) – preparing graduates for careers in data analytics and machine learning
• Bachelor in Computer Science (Big Data and Artificial Intelligence) (University of Wollongong) – developing expertise in cybersecurity and generative AI
• Bachelor of Business, Majors in Economics, Finance etc (RMIT University) – enabling roles in finance

SIM Academy complements these academic pathways with professional development courses for upskilling and reskilling, including the Starting and Managing Corporate Sustainability, designed to empower professionals to lead ESG initiatives aligned with Singapore’s Green Plan 2030. These offerings combine academic rigor with practical certifications, internships, and industry-aligned projects, ensuring competitiveness in Singapore’s evolving job market.

Alumni Success Pathways

Graduates from SIM’s cybersecurity-related programmes come from a wide range of educational and professional backgrounds, reflecting the diversity of talent entering Singapore’s growing digital sector. Many begin their learning journeys with different motivations, whether to upskill for emerging roles, pivot from adjacent fields or pursue deeper specialisation in cybersecurity.

Some learners are inspired to pursue formal training after encountering real world risks, such as online fraud or data breaches. Others choose to build on existing technical foundations to take on more specialised responsibilities in national and enterprise cybersecurity functions. Through industry-aligned curricula, practical exposure and professional networks, SIM enables these learners to strengthen their competencies in areas such as threat intelligence, AI-enabled defence and cloud security.

These varied pathways highlight how SIM programmes support both early-career and mid-career professionals in progressing to roles within high-demand sectors, as well as further studies at reputable institutions. The outcomes reflect the value of accessible, skills focused education in developing the cybersecurity workforce needed to support Singapore’s transformation into a resilient and digitally driven economy.

Looking Ahead

Singapore’s economic future depends on a workforce that is agile, skilled, and prepared for change. SIM remains a catalyst in this transformation, offering programmes and professional courses aligned with national growth sectors and global trends. By combining academic excellence with practical industry exposure and showcasing alumni who have successfully transitioned into high-demand fields, SIM demonstrates how education drives employability and innovation.

References:

1. Labour Market Report 2Q 2025 – https://www.mom.gov.sg/newsroom/press-releases/2025/0917-labour-market-report-2q-2025
2. Smart Nation Vision – https://www.smartnation.gov.sg/about/our-vision/smart-nation-vision/
3. A city of Green Possibility – https://www.greenplan.gov.sg/
4. Green Fintech – https://www.mas.gov.sg/development/fintech/Green-FinTech?
5. Bachelor of Science (Honours) in Data Science and Business Analytics – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing/bachelor-of-science-honours-data-science-and-business-analytics
6. Bachelor of Computer Science (Artificial Intelligence and Big Data) – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing/bachelor-of-computer-science-artificial-intelligence-and-big-data
7. Bachelor of Business – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing/bachelor-of-business
8. Starting and Managing Corporate Sustainability – https://www.sim.edu.sg/professional-development/courses/course-listing/starting-and-managing-corporate-sustainability

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

https://www.sim.edu.sg/

The issuer is solely responsible for the content of this announcement.

About the Singapore Institute of Management

The Singapore Institute of Management (SIM) is an International Institute of Higher Learning (IIHL) that empowers, uplifts and strengthens employability, at all seasons of life and starting points. Seeded by the Singapore Economic Development Board in 1964, SIM nurtures leaders with industry focused skills, knowledge and values to create impact in Singapore and Asia through globally recognised education and learning pathways.

SIM harnesses new knowledge, skills, and technology to provide skills-based learning experiences that enable students, professionals, and enterprises to Learn for Life and Thrive for Life. Through SIM Global Education (SIM GE) and SIM Academy, SIM supports diverse learning needs—offering higher education pathways and tailored learning journeys for working professionals and enterprises to adapt and grow in an ever-changing world.

With a steadfast commitment to transforming lives, SIM continues to be a catalyst for change across communities, inspiring learners to contribute meaningfully to society, and fostering progress in society.

For more information on the Singapore Institute of Management, visit sim.edu.sg.

UAE businesses used the Ambiente exhibition in Germany to project the country’s ambition to become a central hub in the global consumer goods trade, as officials and exporters sought to convert visibility into long-term commercial partnerships across Europe, Asia and the Middle East.

The country’s pavilion at the Ambiente fair in Frankfurt brought together manufacturers, designers and trading firms spanning homeware, lifestyle products, gifting and sustainable consumer goods. Organisers said the collective presence was designed to showcase both scale and diversity, with an emphasis on export readiness and cross-border collaboration rather than one-off transactions. The participation formed part of a wider strategy to deepen the UAE’s role in global supply chains at a time when buyers are reassessing sourcing models and regional diversification.

Ambiente is regarded as one of the world’s largest platforms for consumer goods, drawing tens of thousands of buyers, retailers and distributors each year. For UAE exhibitors, the event offered access to European retail networks and international wholesalers seeking alternatives to traditional manufacturing centres. Trade officials accompanying the delegation said meetings during the fair focused on long-term contracts, private-label manufacturing and co-branding arrangements, reflecting a shift towards higher-value engagement.

UAE Ministry of Economy representatives described the fair as a strategic opportunity to align the country’s manufacturing and re-export capabilities with evolving global demand. Officials highlighted the UAE’s logistics infrastructure, trade finance ecosystem and network of comprehensive economic partnership agreements as key advantages in attracting buyers looking for reliability and speed to market. The country has expanded its non-oil exports steadily, with consumer goods playing a growing role alongside metals, plastics and food products.

Exhibitors at the pavilion reported interest from buyers in sustainable materials, contemporary design and flexible production runs. Several companies said European retailers were exploring joint development of products that could be produced in the UAE and distributed across the Gulf, Africa and South Asia. This approach reflects a broader trend among global brands to shorten supply chains while retaining access to multiple consumer markets from a single base.

Frankfurt has become an important meeting point for this recalibration, as trade fairs increasingly serve as venues for strategic sourcing discussions rather than simple product showcases. Industry analysts note that manufacturers from emerging hubs are gaining attention as buyers weigh cost pressures, geopolitical risk and sustainability commitments. The UAE’s pitch at Ambiente centred on stability, regulatory clarity and the ability to integrate manufacturing, warehousing and distribution within a single jurisdiction.

Design-led firms from the UAE also used the exhibition to challenge perceptions that the country’s consumer goods sector is limited to trading and re-export. Several brands showcased original collections developed in collaboration with regional designers, blending Middle Eastern aesthetics with international trends. This creative emphasis was aimed at differentiating UAE products in a crowded marketplace and appealing to premium and mid-market retailers.

Sustainability featured prominently in discussions at the pavilion. Companies highlighted the use of recycled materials, energy-efficient production processes and compliance with European environmental standards. Officials said this focus was essential for competitiveness, as regulatory and consumer scrutiny in Europe continues to intensify. The UAE has invested in sustainability frameworks and industrial policies intended to support greener manufacturing, which exhibitors said helped build confidence among buyers.

The fair also underscored the role of small and medium-sized enterprises in the UAE’s export strategy. Many participating firms were SMEs seeking first-time entry into European markets. Trade support bodies facilitated introductions and provided guidance on certification, packaging requirements and logistics, reflecting an effort to reduce barriers for smaller exporters. Business owners said the ability to present as part of a national pavilion enhanced credibility and opened doors that would be difficult to access independently.

IBM has set out an ambitious plan to equip five million people across India with skills in artificial intelligence, cybersecurity and quantum computing by 2030, deepening its long-running SkillsBuild programme and expanding partnerships with governments, universities and employers to address widening technology talent gaps.

The initiative, led by IBM, centres on scaling IBM SkillsBuild, a free digital learning platform that blends online courses, project-based learning and industry-recognised credentials. The company said the expansion will prioritise job-ready capabilities aligned with fast-evolving enterprise demand, including generative AI applications, cloud security and the foundations of quantum information science.

IBM executives framed the move as a response to structural shifts in the labour market, where automation and AI adoption are reshaping roles faster than traditional education systems can adapt. India’s large and youthful workforce, combined with rapid digitalisation across banking, healthcare, manufacturing and public services, has made skills development a policy and business imperative. Government estimates show millions of new digital roles emerging this decade even as legacy jobs are redefined.

The company plans to deepen curriculum integration with higher education institutions, vocational colleges and secondary schools, embedding SkillsBuild content into coursework while expanding teacher training so faculty can deliver updated material. IBM also intends to widen collaborations with state governments and industry bodies to tailor programmes for local employment needs, particularly in tier-two and tier-three cities where access to advanced training has lagged.

SkillsBuild offers modular pathways that range from introductory digital literacy to advanced certifications, with content developed by IBM practitioners and academic partners. Learners can earn digital badges in areas such as data analysis, AI ethics, cybersecurity fundamentals and cloud computing, alongside exposure to quantum concepts through simulations and guided labs. IBM said it will add more experiential components, including hackathons, internships and employer-linked projects, to strengthen transitions from learning to work.

Cybersecurity has been highlighted as a priority track, reflecting persistent shortages of security professionals and rising risks to critical infrastructure and enterprises. Courses will cover threat analysis, incident response and secure system design, with an emphasis on practical skills that align with global frameworks. In AI, the focus extends beyond coding to include responsible deployment, model governance and sector-specific use cases, areas that employers increasingly cite as gaps among graduates.

Quantum computing, still an emerging field, forms the third pillar of the programme. IBM operates one of the world’s largest fleets of quantum systems accessible via the cloud, and the curriculum introduces learners to quantum mechanics, algorithms and programming tools. While near-term job creation in quantum remains limited, IBM argues that early exposure will build a pipeline of talent capable of supporting research, hardware development and future commercial applications.

The scale of the target reflects IBM’s broader workforce strategy, which has shifted towards skills-based hiring and continuous learning. The company has previously said that formal degrees are no longer the sole proxy for capability, particularly in fast-moving technology domains. By expanding free access to training and credentials, IBM aims to widen participation among women, underrepresented communities and learners from non-traditional backgrounds.

Industry analysts view the plan as part of a competitive race among global technology firms to cultivate ecosystems of skilled users and developers. Cloud providers, software companies and chipmakers have all launched large-scale training commitments, seeking both social impact and long-term commercial benefits as trained professionals tend to adopt familiar platforms. For India, such programmes complement national efforts to boost digital skills and attract high-value investment, though experts caution that quality, relevance and job linkage will determine outcomes.

Veteran Malayalam actor, screenwriter, director and producer Sreenivasan died on Saturday morning at the age of 69, leaving the Indian film industry mourning the loss of one of its most versatile and influential creative voices. He passed away at the Government Taluk Hospital in Thrippunithura, Kochi, after developing severe health complications while being taken for dialysis, hospital officials confirmed. His body has been kept at the facility, and funeral arrangements are expected to follow at his Kandanad home, where his family will receive condolences from peers and admirers.

Sreenivasan was born on 6 April 1956 in the village of Patyam near Thalassery in Kerala’s Kannur district and trained at the Film and Television Institute of Tamil Nadu, Chennai, before embarking on a career that spanned nearly five decades. Over the course of his prolific life in cinema, he appeared in more than 225 films and established himself as a defining presence in Malayalam cinema through his nuanced performances, incisive screenwriting, and sensitive direction.

His death has resonated across the film fraternity, with leading figures paying tribute to a practitioner whose work combined humour, social insight and humanity. Actor–director Prithviraj Sukumaran described Sreenivasan as a “legend whose work touched the core of everyday life,” while Basil Joseph recalled the late actor’s influence on subsequent generations of storytellers. Other industry figures, including Tovino Thomas and Indrajith Sukumaran, have underscored his role in elevating Malayalam cinema through performances that reflected the aspirations and anxieties of ordinary people.

Sreenivasan’s contributions extended beyond acting; he was widely recognised as a gifted screenwriter whose scripts articulated the complexity of Kerala’s social and political landscape. His screenplays for films such as Odaruthammava Aalariyam, Sanmanassullavarkku Samadhanam, Gandhinagar 2nd Street, Nadodikkattu and Sandesam blended sharp satire with accessibility, contributing to the evolution of the comedy genre in Malayalam cinema. Sandesam, in particular, remains a touchstone political satire for its unflinching portrayal of ideological rivalry and everyday life.

As a director, he helmed projects that showcased his range and sensibility, including Vadakkunokkiyanthram and Chinthavishtayaya Shyamala. The former earned the Kerala State Film Award for Best Film, while the latter received the National Film Award for Best Film on Other Social Issues, underscoring his ability to intertwine entertaining narratives with social commentary.

Industry observers noted that Sreenivasan’s work was characterised by an acute understanding of the everyday person’s struggles, often using humour as a vehicle to examine serious themes such as bureaucracy, societal pressures and personal identity. His characters, whether comedic or dramatic, were lauded for their authenticity and depth, resonating with audiences across generations and contributing to his enduring legacy.

Sreenivasan is survived by his wife, Vimala, and their two sons, Vineeth Sreenivasan and Dhyan Sreenivasan, both of whom have carved their own paths in the film industry as actors, directors and producers. His passing prompted an outpouring of respect from colleagues and collaborators, who highlighted his mentorship, sharp wit and unwavering commitment to his craft.

While details of his funeral and memorial services are expected to be finalised by his family, the loss has already sparked tributes from across cultural and political spheres, reflecting the breadth of his influence. Kerala’s film community, as well as admirers nationwide, continue to honour a figure whose work not only entertained but also provided insight into the social and cultural fabric of the region.

Netskope has unveiled a new data centre in Malaysia, sharpening its expansion across Southeast Asia as governments and enterprises tighten rules on data residency and demand greater control over cloud security. The move places the US-based cybersecurity firm closer to customers in regulated industries that are accelerating cloud adoption while seeking assurances on where sensitive information is processed and stored.

The Malaysia facility, located to serve customers across the country and neighbouring markets, extends Netskope’s NewEdge network, the company’s global security infrastructure that underpins its secure access service edge offerings. By processing traffic locally, the firm says it can reduce latency, improve performance for cloud applications, and help organisations meet domestic compliance obligations without fragmenting their security architecture.

This expansion reflects a broader shift in Southeast Asia, where data protection regimes have become more explicit and enforcement has intensified. Malaysia’s Personal Data Protection Act, alongside sector-specific requirements for finance, healthcare and telecommunications, has pushed multinational firms to re-evaluate cross-border data flows. Similar pressures are evident in Singapore, Indonesia and Thailand, creating demand for security platforms that combine global reach with local presence.

Netskope’s regional strategy has focused on building infrastructure rather than relying solely on partner facilities. The Malaysia data centre complements existing points of presence across Asia Pacific and is designed to support services such as cloud access security brokerage, secure web gateways and zero trust network access. Company executives have said that proximity is increasingly critical as enterprises migrate mission-critical workloads to software-as-a-service platforms and public clouds.

Industry analysts note that the competitive landscape in cloud security has intensified as vendors race to offer compliant, low-latency services. Global rivals including Zscaler, Palo Alto Networks and Cisco have all invested in regional infrastructure to address sovereignty concerns. What differentiates players, analysts argue, is the ability to deliver consistent policy enforcement across geographies while adapting to local legal frameworks.

Malaysia has emerged as an attractive hub for such investments due to its growing digital economy, improving connectivity and government incentives aimed at data centre development. The country has positioned itself as a neutral base for regional operations, with policymakers encouraging foreign technology firms to establish infrastructure that supports domestic innovation and cross-border trade.

For enterprises, the presence of a local Netskope facility may ease long-standing concerns about routing traffic through distant jurisdictions. Financial institutions, in particular, have faced scrutiny over outsourcing arrangements and third-party risk management. Local processing can simplify audits and reporting while maintaining alignment with global security standards.

The expansion also speaks to changing threat dynamics. Cyber risk in Southeast Asia has risen alongside digitalisation, with ransomware, phishing and cloud misconfigurations posing persistent challenges. Security teams are under pressure to gain visibility across hybrid environments that span on-premise systems, multiple cloud providers and a distributed workforce. Vendors that can aggregate telemetry and enforce zero-trust principles close to the user are gaining traction.

Netskope has invested heavily in research and development to support this approach, including machine learning models that analyse cloud usage patterns and detect anomalous behaviour. The Malaysia data centre will feed into these capabilities, enabling faster inspection and response times for regional customers.

Beyond compliance and security, performance considerations are becoming a board-level issue. Latency can directly affect user productivity and customer experience, particularly for real-time collaboration tools and data-intensive applications. By shortening network paths, local infrastructure can deliver measurable gains, strengthening the business case for in-country deployments.

The move is expected to bolster Netskope’s channel ecosystem in Southeast Asia, where managed security service providers and systems integrators play a central role in enterprise adoption. Local infrastructure allows partners to offer services tailored to national requirements while leveraging a globally recognised platform.

Ministry of Finance has announced Cabinet Decision No. 153 of 2025, setting out the application of the reverse charge mechanism on the trading of metal scrap between VAT-registered businesses in the UAE, with the framework scheduled to take effect on 14 January 2026. The move is positioned as a targeted adjustment to the country’s value-added tax regime, aimed at strengthening compliance and reducing tax leakage in a sector long regarded by authorities as vulnerable to misreporting and cash-based transactions.

The decision has been issued under the provisions of Federal Decree Law No. 8 of 2017 on Value Added Tax, along with its subsequent amendments, and Cabinet Resolution No. 52 of 2017 covering the Executive Regulations of the VAT law. Together, these instruments provide the legal basis for shifting VAT liability from the supplier to the recipient in specified transactions, a mechanism already familiar to many businesses operating in regulated or high-risk supply chains.

Under the reverse charge mechanism, the obligation to account for VAT on a transaction moves from the seller to the buyer, provided both parties are registered for VAT. In the context of metal scrap trading, this means suppliers will issue tax invoices without charging VAT, while purchasers will self-account for the tax in their VAT returns, subject to the normal rules on input tax recovery. Officials say the approach is designed to curb evasion practices that can arise where VAT is charged but not remitted to the tax authority.

The Ministry of Finance has framed the decision as part of a broader effort to fine-tune the VAT system since its introduction in 2018, responding to sector-specific risks identified through audits and market monitoring. Metal scrap trading, which often involves multiple intermediaries and fluctuating commodity prices, has been highlighted in several jurisdictions worldwide as an area where reverse charge measures can enhance transparency and simplify enforcement.

The cabinet decision on scrap VAT treatment reflects a policy choice already adopted in parts of Europe and Asia, where tax authorities have used reverse charge rules to counter carousel fraud and other forms of abuse linked to recyclable materials and metals. By aligning with these international practices, the UAE is seeking to balance ease of doing business with the need for robust revenue protection.

Industry participants are now assessing how the change will affect cash flow and contractual arrangements. For suppliers, the removal of VAT charging on eligible scrap transactions may reduce administrative burdens and the need to finance VAT amounts pending recovery. Buyers, on the other hand, will need to ensure their accounting systems can correctly self-assess VAT and reflect the entries accurately in periodic returns. Tax advisers note that while the mechanism is neutral in theory for fully compliant, fully taxable businesses, errors in classification or documentation could lead to penalties.

The decision applies specifically to transactions between registrants, underscoring the importance of verifying counterparties’ VAT registration status. Businesses involved in mixed supplies, or dealing with unregistered parties, will need to distinguish carefully between transactions subject to the reverse charge and those that remain under the standard VAT rules. This distinction is expected to be a focal point of guidance and compliance reviews ahead of the January 2026 effective date.

Officials have indicated that further clarification will be issued through administrative guidance to define the scope of “metal scrap” covered by the decision, drawing on existing definitions used in customs and commercial practice. Market participants expect this to include waste and scrap from metals such as iron, steel, aluminium and copper, though the final interpretation will determine how widely the measure applies across recycling and manufacturing chains.

The timing of the announcement gives businesses more than a year to prepare, adjust contracts and update systems. Tax specialists view this lead time as significant, allowing companies to conduct impact assessments and staff training without disrupting ongoing operations. It also provides an opportunity for the authorities to engage with industry bodies and address practical concerns before enforcement begins.

Hong Kong and Macau Organisations Honoured for Outstanding Achievements ESG-led Business for a Sustainable Future

HONG KONG SAR – Media OutReach Newswire – 19 December 2025 – With global acceleration towards sustainable development and rising expectations from investors and stakeholders for responsible business practices, Hong Kong and Macau enterprises in recent years have been actively integrating Environmental, Social and Governance (ESG) vision into their business strategies to drive green transformation and high-quality growth. Organised by Television Broadcasts Limited (TVB) and co-organised by the Hong Kong Productivity Council, the TVB ESG Awards 2025 (the Awards) aim to recognise and commend enterprises and organisations that have demonstrated outstanding performance in ESG and sustainable development. Now in its fourth edition, this annual flagship event recognise outstanding organisations and their achievements in ESG practices over the past year.

The ceremony was officiated by Mr. Michael WONG, GBS, JP, Deputy Financial Secretary; Dr. LAM Ching-choi, GBS, JP, Non-official Member of the Executive Council & Chairman of the Council for Carbon Neutrality & Sustainable Development; Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited; and Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council. Following the Green Summit held in July this year, the presentation ceremony also featured sharing sessions, inviting industry leaders and experts to exchange the latest trends and practical experience. In addition, the enhanced matching sessions enabled enterprises to connect with numerous attendees through exhibition booths to promote cross-sector collaboration and knowledge sharing.

Diverse Award Categories Recognise ESG Efforts of Hong Kong and Macau Industries

This year’s Awards include the “Outstanding ESG Award”, “Best in ESG Practices”, “Best in ESG Report”, “ESG Environmental Innovative Technology Award” and “ESG Social Innovative Technology Award”. Entries were open to five groups, namely large, medium, small market capitalisation/ GEM listed companies, as well as non-listed companies and non-profit organisations, to recognise the achievements of enterprises of different scales in ESG practices, reporting and innovation. To identify outstanding performers, a cross-sector professional judging panel appointed by TVB were responsible for assessing entries, using clear and diversified selection criteria that mainly cover five areas: environment, social, corporate governance, sustainability strategy, corporate information disclosure and communication.​​

Additionally, a new “Greater Bay Area ESG Excellence Enterprise Award (Macau SAR)” has been introduced this year to recognise Macau enterprises and organisations with outstanding ESG performance that actively promote sustainable development in the Macau community. Furthermore, to enhance and recognise the excellent performance of small and medium-sized enterprises (SMEs) in ESG practices and innovation, TVB has collaborated with the “ESG One” platform of the Hong Kong Productivity Council to launch the “SME ESG Excellence Award” this year. The award covers five areas: “Business Decarbonisation”, “Employee Care”, “Supply Chain Partnership”, “Sustainable Governance” and “ESG Technology Enhancement”, helping SMEs to progressively enhance their ESG performance. Organisations that did not receive the above ESG category awards but have actively performed and implemented ESG initiatives in various aspects will be eligible for nomination of “ESG Special Recognition Award – with Merit” or “ESG Special Recognition Award” in acknowledgement of their contributions.

Mr. Michael WONG, GBS, JP, Deputy Financial Secretary, said in his keynote speech, “Hong Kong possesses significant advantages in green economy transformation. As the city’s two major innovation and technology flagships, Hong Kong Science Park and Cyberport have now brought together over 270 green technology companies, representing growth of more than 80% compared to 2023, reflecting remarkably rapid development in recent years. Hong Kong can provide diversified investment and financing channels, enabling international capital to match with quality green projects. As of the end of September this year, there are over 200 SFC-authorised ESG funds with assets under management exceeding HKD1.1 trillion, demonstrating that investors are increasingly prioritising investment in sustainable development. The Government looks forward to continued collaboration with all of you to jointly build our sustainable future and make outstanding contributions to Hong Kong’s green economic development.”

Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited, said, “The TVB ESG Awards 2025 received over 250 corporate entries this year, reflecting the growing importance of ESG for enterprises. We are grateful to all award-winning organisations and partners for their continued support of this flagship award. This year’s awardees excelled in ESG performance and set forward-looking models for the industry. TVB is actively supporting enterprises to devote resources to ESG development, incorporate sustainability into business decision-making and operations, and strengthen their sense of social responsibility. The Awards also provide a professional exchange platform for enterprises of different industries and scales to share their ESG strategies and tangible outcomes with a wider range of stakeholders.”

To help the public gain a more comprehensive understanding of the vision, mission and innovative strategies of various enterprises, the presentation ceremony featured sharing sessions. The judge Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council, together with representatives from enterprises receiving the Outstanding ESG Award, exchanged practical insights. As the highest honour of this year’s Awards, the Outstanding ESG Award is conferred upon top-tier organisations in each category that have achieved the best performance in both “ESG Practices” and “ESG Report”. The award-winning enterprises shared their insights in the session titled “Partnering Across Sectors to Co-create a Low-carbon Future”:

• Ms. Jessica CHAN, Head of Sustainability of MTR Corporation, shared how MTR leverages its diversified business portfolio to drive carbon reduction and social inclusion in daily operations, thus encouraging business partners to enhance their ESG performance.
• Ms. Angel SZE, Company Secretary and Head of ESG Management Committee, Fosun International Limited, who shared how Fosun is driving innovation and global development to create value, while highlighting effective ESG practices for cross‑industry and cross‑regional enterprises.
• Ms. Connie LAU, Assistant General Manager, Legal Department, China State Construction Development Holdings Limited, who used examples of innovative applications to demonstrate the company’s breakthroughs and decarbonisation goals.
• Mr. Jonathan CHIU, President, Schneider Electric Hong Kong, who highlighted the company’s commitment as a global energy technology leader to driving efficiency and sustainability by electrifying, automating and digitalising industries, businesses and homes, contributing to Hong Kong’s low-carbon transition.
• Mr. Peter LEE, Chief Sustainability Officer, Airport Authority Hong Kong, elaborated on how the authority collaborates with business partners and extends the sustainability concept to the society and education sector.
• Mr. Oswald AU, Managing Director, Riskory Consultancy Limited, shared how SMEs can drive ESG through innovative solutions and practical actions, while leveraging mega event economy development to create greater impact.

Building on these insights, another sharing session titled “Building a Green and Sustainable Pathway: Advancing Liveable, Inclusive Smart Cities” invited Mr. Andy WONG, Senior Manager, Advocacy, Our Hong Kong Foundation, as moderator. He was joined by Ir. Franco CHEUNG, Director (Projects), Hong Kong Housing Society, Mr. Samuel KWONG, Senior Associate Director – ESG, Chinachem Group and Mr. Jeffery LOK, Managing Director, Kwan On Chemical Enterprise Co. Ltd., for in-depth discussions on topics such as decarbonisation planning, the application of green building technologies including Modular Integrated Construction (MiC), kitchen and grease trap waste oil recycling, exploring the roadmap for Hong Kong and Macau’s sustainable urban development and environmental benefits.

Strong Corporate Involvement Fosters Cross-Sector Connections

This year’s ceremony attracted enthusiastic participation from numerous enterprises and organisations, including listed companies, non-listed companies and non-profit organisations, signalling the local market’s increasing commitment to ESG. Enhanced matching sessions with exhibition booths were arranged before and after the ceremony, allowing participants to engage in in-depth exchanges on green technology solutions, sustainable development and eco-friendly materials, and to explore collaboration opportunities.

For the full list of award winners, please visit: https://www.tvbesg.com.hk/past-awards/esg-awards-2025

High resolution photos HERE

Hashtag: #TVBESGAwards #TVB #ESG #Corporate

The issuer is solely responsible for the content of this announcement.

About TVB ESG

Since 2022, TVB ESG has been committed to building a professional exchange platform for local sustainable development, promoting a deeper understanding, implementation, and strategic development of Environmental, Social and Governance (ESG) issues among businesses and different sectors of society. TVB ESG works closely with various organisations to foster cross-sector collaboration, help enterprises expand their professional networks and strengthen industry connections, while enhancing their visibility in the market and industry through diverse channels, thereby amplifying their impact in the ESG field.

To enhance industry exchange and promote a culture of sustainability, TVB ESG organises three core events every year, the Green Forum, the Green Summit and the “TVB ESG Awards”. These events aim to focus on key environmental issues and emerging trends, bringing together industry leaders and experts to provide forward-looking insights for enterprises, promote knowledge sharing, and facilitate the exchange of best practices. Through the “TVB ESG Awards”, TVB ESG also recognises enterprises and organisations with outstanding achievements in sustainable development, encouraging the industry to continuously implement and elevate ESG standards.

Host Arabia has closed its first edition in Riyadh, positioning the Saudi capital as an emerging focal point for the hospitality and foodservice supply chain at a time when the kingdom is accelerating investment in tourism, leisure and urban development. The three-day event brought together hotel operators, restaurant groups, suppliers and policymakers, underlining the scale of demand being created by new resorts, giga-projects and a fast-expanding domestic dining market.

Held at the Riyadh Front Exhibition and Conference Centre, the inaugural edition drew exhibitors and visitors from across the Middle East, Europe and Asia, reflecting Saudi Arabia’s growing pull as a commercial hub for hospitality equipment, food and beverage solutions, technology and design services. Organisers said the turnout exceeded initial expectations, with strong participation from both international brands seeking market entry and local firms aiming to scale alongside national development plans.

The exhibition opened against the backdrop of an ambitious tourism strategy that targets a sharp rise in annual visitors by the end of the decade, supported by large-scale projects such as Diriyah, Qiddiya, NEOM and the Red Sea destination. These developments are reshaping procurement needs for hotels, resorts, serviced apartments and entertainment venues, driving demand for kitchen equipment, sustainable packaging, digital ordering systems and energy-efficient infrastructure. Host Arabia sought to position itself as a platform where these needs could be matched with suppliers and service providers in a single marketplace.

Industry executives attending the event highlighted Riyadh’s transformation into a year-round destination for conferences, sports and entertainment as a key factor behind the exhibition’s timing. International hotel groups are expanding their presence in the capital, while domestic restaurant concepts are scaling rapidly, supported by a young population and rising disposable incomes. This combination has intensified competition and raised standards, placing greater emphasis on quality, efficiency and sustainability across the hospitality value chain.

The programme featured live culinary demonstrations, equipment showcases and panel discussions focused on workforce development, localisation of supply chains and the adoption of smart technologies. Speakers addressed challenges such as staff training, cost pressures and the integration of sustainability targets into daily operations, themes that resonate strongly with operators navigating rapid expansion. Discussions also touched on regulatory alignment and the role of public-private partnerships in supporting sector growth.

Exhibitors ranged from global manufacturers of commercial kitchen equipment and refrigeration systems to regional producers of food ingredients, tableware and interior solutions. Technology providers showcased point-of-sale platforms, inventory management tools and data analytics designed to help operators manage margins and customer experience more effectively. Several participants noted growing interest in solutions that reduce water and energy consumption, reflecting both regulatory expectations and cost considerations in a desert climate.

Government and industry representatives used the gathering to underline the hospitality sector’s contribution to economic diversification and job creation. Training institutions and recruitment firms reported strong engagement from operators seeking to build local talent pipelines, an area seen as critical to sustaining long-term growth. The emphasis on skills development aligned with broader national objectives to increase private-sector employment and reduce reliance on imported labour over time.

Organisers described the Riyadh edition as a strategic step in establishing Host Arabia as an annual fixture, with plans to expand floor space and content in future editions. Feedback from exhibitors pointed to strong deal-making potential, with several reporting on-site negotiations and follow-up meetings scheduled with hotel developers and restaurant groups. The presence of decision-makers from major projects was cited as a key differentiator compared with more mature regional trade shows.

At the Singapore Institute of Management (SIM), internships are integrated into the broader approach to career preparation, supporting students as they transition from education to employment through structured exposure to industry environments.

The Role of Internships in Graduate Readiness

Internships enable students to develop practical skills while gaining insight into professional expectations and workplace culture. Through hands-on experience, students strengthen competencies such as problem-solving, communication and adaptability—attributes that remain highly valued across industries.

For SIM students, internship opportunities are positioned as part of a wider employability framework, designed to support informed career decisions and broaden access to diverse professional pathways.

An Integrated Internship Ecosystem

SIM collaborates with a wide range of organisations, including Small and Medium Enterprises (SMEs) and Multinational Corporations (MNCs), across sectors such as technology, professional services, logistics and business operations. These partnerships provide students with exposure to roles aligned with evolving industry needs.

Students may secure internships independently or apply through SIM’s Talent Development Programme, an in-house internship initiative administered by the Career Connect Office. This structure allows flexibility while ensuring alignment with academic requirements and career development objectives.

Access to Global Opportunities Through Alumni Networks

SIM’s alumni network further supports student employability by facilitating access to overseas internships and international work exposure. Alumni-led initiatives and professional connections create opportunities for students to gain insight into different business environments and cultural contexts, contributing to broader professional perspectives in an increasingly interconnected global economy.

Experiential Learning and Career Progression

Students are able to explore different industries through internships, refine their career interests and build both technical and interpersonal skills. Some students undertake multiple placements across sectors, gaining exposure to varied organisational settings and work functions. These experiences support clearer career direction and stronger preparedness for full-time employment upon graduation.

The outcomes reflect how experiential learning, when embedded within academic programmes and supported by structured career guidance, can contribute meaningfully to graduate employability and longer-term career progression.

Embedding Sustainable Employment and Employability

The principles of Sustainable Employment and Employability are central to SIM’s approach. Sustainable employment focuses on creating fair adaptable and long-term job opportunities while employability emphasizes continuous learning transferable skills and resilience in the face of change.

At SIM, these principles are embedded into every internship experience. Programmes are designed not only to prepare students for their first job but to equip them with lifelong skills for a dynamic and evolving workforce. Internships at SIM are not mere stepping stones they are accelerators for success. By combining academic rigor with practical experience SIM empowers students to graduate with confidence and competence. Whether aspiring to work locally or globally SIM internships prepare students for the challenges and opportunities ahead.

References:

1. Career Service – https://www.sim.edu.sg/degrees-diplomas/life-at-sim/career-services
2. Internship & Employment Opportunities – https://www.sim.edu.sg/alumni/internship-and-employment-opportunities
3. How 6 internships, 4 hackathons, and CCAs paved the way for Ashley – https://www.sim.edu.sg/articles-inspirations/how-6-internships-4-hackathons-and-ccas-paved-the-way-for-ashley

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

https://www.sim.edu.sg/

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About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit sim.edu.sg

Heavy rainfall across Dubai prompted authorities to urge residents to remain indoors as flooding alerts were activated across several neighbourhoods, disrupting transport, schooling and daily life while emergency teams moved to manage water accumulation on key roads.

Police and civil defence units said weather conditions had deteriorated rapidly overnight, with intense downpours leading to waterlogging in low-lying areas and reduced visibility on major arteries. Motorists were advised to avoid unnecessary travel, particularly near underpasses, tunnels and wadis, where runoff posed heightened risks. Schools in parts of the emirate shifted to remote learning, while several private institutions announced temporary closures after campus access became difficult.

The advisory underscored how Dubai urges residents indoors amid heavy rainfall, reflecting a coordinated response involving municipal services, transport authorities and utilities. Drainage pumps were deployed in multiple districts as crews worked to clear debris from stormwater grates. Electricity and water providers said services remained largely stable, though teams were on standby to address any outages caused by flooding or lightning strikes.

Meteorological officials attributed the rainfall to an active weather system drawing moist air across the region, producing prolonged showers and occasional thunderstorms. Forecasts indicated intermittent rain could persist through the day, with gusty winds and hail reported in isolated pockets. Authorities cautioned residents against venturing into flooded streets, stressing that even shallow water can conceal hazards and compromise vehicle control.

Public transport services adjusted schedules as a precaution. Portions of the road network experienced slow-moving traffic during peak hours, while ride-hailing operators reported higher demand as residents avoided driving. At the city’s airports, airlines warned of possible delays and advised passengers to check flight status before travelling. Ground handlers said operations were continuing with additional safety measures to manage wet runways and reduced visibility.

Dubai Municipality said its crisis management protocols had been activated, with field teams monitoring drainage performance and responding to citizen reports. The Roads and Transport Authority urged commuters to follow official updates and avoid sharing unverified information, noting that real-time advisories would be issued as conditions evolved. Health officials reminded residents to keep children indoors and to secure loose items on balconies and rooftops to prevent accidents during strong winds.

Urban planners and climate researchers note that extreme rainfall episodes are testing the resilience of cities built in arid environments. While Dubai has invested heavily in drainage infrastructure, the intensity and duration of storms can overwhelm systems designed for historically lower precipitation levels. Experts emphasise the importance of adaptive planning, including enhanced runoff capacity, permeable surfaces and improved forecasting integration to reduce disruption during severe weather.

Businesses across retail and hospitality sectors adjusted operations as footfall dipped in affected areas. Some malls delayed opening hours, while restaurants shifted to delivery-only service. Employers were encouraged to offer flexible work arrangements, particularly for staff commuting from flood-prone districts. Insurance providers reported an uptick in inquiries related to vehicle and property coverage, advising policyholders to document any damage once conditions allow safe inspection.

The General Assembly of the Italy-based International Institute for the Unification of Private Law (UNIDROIT) decided (December 11) on the establishment of its UNIDROIT Asia-Pacific Liaison Office (the Office) in the HKSAR, further strengthening the city’s positioning as a centre for international legal and dispute resolution services.

It will be UNIDROIT’s first regional presence outside Rome in the 100-year history of the independent intergovernmental organisation, which works to modernise and harmonise private international law, especially commercial law.

China has been a member of UNIDROIT since 1986, while the HKSAR has participated in the work of UNIDROIT as part of the Chinese delegation.

The Office is expected to open at the Hong Kong Legal Hub in the second half of 2026, coinciding with UNIDROIT’s centenary celebrations next year. Its presence in Hong Kong could also contribute to facilitating coordination and creating synergies among the “three sisters of private international law”, namely UNIDROIT, the Hague Conference on Private International Law (HCCH) and United Nations Commission on International Trade Law (UNCITRAL).

The Legal Hub, located in the city’s central business district, already houses a number of international law-related organisations and institutions, including HCCH Regional Office for Asia and the Pacific (ROAP) and the DoJ (Department of Justice) Project Office for Collaboration with UNCITRAL.

In recent years, the DoJ has been collaborating very closely with UNIDROIT, including co-organising biennial Asia-Pacific International Private Law Summit in the HKSAR since 2022 and joint seminars in Rome in 2023 and 2025. Legal professionals in both the private and public sectors from the HKSAR are seconded to the secretariat of UNIDROIT annually, pursuant to the Memoranda of Understanding signed between DoJ and UNIDROIT in 2021 and 2022.

The ROAP of HCCH was set up in the HKSAR in 2012. Since its establishment, ROAP has played a significant role in increasing awareness and understanding of the importance of the HCCH and its instruments among states and stakeholders, as well as contributing to the smooth implementation and operation of the HCCH’s instruments in the Asia-Pacific region.

A new collaborative landmark was achieved earlier this month (December 3) with the staging of the Symposium of the HCCH Regional Office for Asia and the Pacific on Private International Law. The symposium was co-organised by the HCCH and the Hong Kong International Legal Talents Training Academy of the DoJ, as part of the Hong Kong Legal Week 2025. It marked the first time that the DoJ has co-organised an event with the HCCH during Hong Kong Legal Week.

With the staunch support of the Central People’s Government, the HKSAR has been actively participating in the working groups, meetings and activities of the HCCH as part of the Chinese delegation since 1997. Through a standing arrangement with the HCCH, Hong Kong legal talent from both the private and public sectors have the opportunity to be seconded to the Permanent Bureau of the HCCH at the Hague, gaining valuable insights into the work of the HCCH in the field of private international law.

Earlier this year, the headquarters of the International Organization for Mediation (IOMed) officially opened in Hong Kong (October 20), further cementing the city’s prominent role as an international legal services hub.

The IOMed is the world’s first intergovernmental international legal organisation dedicated to resolving international disputes through mediation, and providing an important mechanism for upholding the principles of the Charter of the United Nations.

It fills an institutional gap in international mediation and serves as an important public good in the field of the rule of law for better global governance.

The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding.

Other international intergovernmental organisations such as the Bank for International Settlements, International Monetary Fund, the International Bank for Reconstruction and Development and the International Finance Corporation have set up offices in Hong Kong. Together with the soon-to-be-established office by the Asian Infrastructure Investment Bank, these establishments will further complement the city’s strategic position as a centre for international legal and dispute resolution services.



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