Donald Trump reported at least $1.4 billion in 2025 earnings from cryptocurrency and memecoin-linked ventures, a federal filing shows, putting digital assets at the centre of the president’s personal finances during his second term. The 927-page annual financial disclosure, released by the US Office of Government Ethics, details a sharp expansion of income from family-linked crypto businesses, licensing deals, token sales and related partnerships. The scale of […]
Arabian Post Staff -Dubai US negotiators Jared Kushner and Steve Witkoff held what Washington described as positive discussions with regional leaders in Qatar, while technical contacts with Iran moved ahead through mediators as both sides sought to preserve a fragile ceasefire and turn a temporary truce into a wider settlement. The Doha meetings form part of an indirect negotiating track designed to reduce the risk of renewed […]
The MoU appoints DOE-licensed MNA Metal Resources as preferred collector for used automotive batteries, strengthening traceability across BateriHub and Global Energy Battery’s nationwide battery ecosystem.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 1 July 2026 – BateriHub, operated by Battery4U Sdn. Bhd., together with Global Energy Battery Sdn. Bhd., has signed a Memorandum of Understanding with MNA Metal Resources to strengthen the responsible collection, documentation and recycling of used automotive batteries in Malaysia.
Under the MoU, MNA Metal Resources will serve as the preferred used battery collector, either directly or through transporters appointed by MNA, for scrap batteries collected through BateriHub and Global Energy Battery’s operations. The arrangement is designed to ensure that used batteries are channelled through proper, licensed and documented collection and recycling processes.
“This MoU matters because every battery replacement has an afterlife,” said Stanly Ng, General Manager of BateriHub. “When a customer replaces a car battery with us, the old battery should not disappear into an unknown chain. It should be collected, recorded and handled by the right people. For customers, the promise is simple: when you choose BateriHub, we take care of the replacement quickly, and we take care of the used battery responsibly.”
The partnership comes as Malaysia’s automotive sector continues to expand. According to the Malaysian Automotive Association, Malaysia recorded 820,752 new vehicle sales in 2025, its second consecutive record year. While this MoU focuses on used lead-acid automotive batteries, it also comes amid wider national attention on battery waste management, with The Star reporting growing attention on regulated recycling, safe disposal pathways and battery traceability as Malaysia’s vehicle ecosystem evolves.
As Malaysia’s largest direct-owned automotive battery retailer, BateriHub plays a critical role at the point of replacement, where old batteries are handed over by customers at branches or during on-demand battery delivery services. Global Energy Battery, which focuses on battery wholesale, supply and distribution, contributes additional collection volume through its wider business network.
Together, BateriHub and Global Energy Battery have channelled approximately 280,000 used batteries, equivalent to around 4,200 tonnes, through formal disposal and recycling channels over the past three years. MNA Metal Resources is a licensed lead-acid battery recycler and smelter under the Department of Environment, with operations covering the collection, movement and processing of scheduled waste.
“As a company involved in the supply and distribution of batteries, we recognise that responsibility does not end at the point of sale,” said Sandy Yap, Chief Operating Officer of Global Energy Battery. “A sustainable battery industry requires proper collection, proper documentation and proper recycling. This partnership allows us to support that responsibility across our business network.”
“We are pleased to partner with BateriHub and Global Energy Battery to support a more transparent and responsible battery recycling ecosystem in Malaysia,” said Genly Villa Olaguer, Fleet Manager of MNA Metal Resources. “Proper handling of used batteries is essential to protect the environment and ensure that valuable materials can be recovered safely through licensed facilities.”
Used lead-acid batteries require proper handling because they contain materials such as lead and sulfuric acid, which can harm soil, waterways and communities if leaked, dumped or processed irresponsibly. Through this partnership, the companies aim to improve accountability in the movement of scrap batteries from retail and supply channels to licensed recycling facilities.
BateriHub said the MoU reflects its broader effort to make responsible waste management part of its core retail promise, not just a back-end operational process. Hashtag: #BateriHub
The issuer is solely responsible for the content of this announcement.
About BateriHub
BateriHub is Malaysia’s largest direct-owned car battery retailer, operating a nationwide network of 200 branches supported by centralised training, service standards, and technician operations. Since 2011, the company has served over 1.0 million customers, received over 70,000 positive reviews across Google, Facebook, and e-commerce platforms, employs more than 5000 staff, and covers 500+ service areas across 11 states. Learn more at https://baterihub.com/
France and Oman have moved to reinforce free and safe navigation through the Strait of Hormuz, rejecting any mandatory transit fee or political condition on vessels using one of the world’s most critical energy corridors. The position emerged during Sultan Haitham bin Tarik’s official visit to Paris, where he held talks with President Emmanuel Macron on maritime security, mine-clearance operations and diplomatic efforts to stabilise the Gulf […]
Arabian Post Staff -Dubai Iran has rejected French involvement in clearing mines from the Strait of Hormuz, declaring that Tehran alone will manage security operations in the strategic waterway under its memorandum of understanding with the United States. The rejection, delivered by Deputy Foreign Minister Kazem Gharibabadi, followed President Emmanuel Macron’s offer for France to work with Oman and other partners on demining and safe passage through […]
China widened its export-control campaign against Japan by placing 40 more entities under restrictions, intensifying a political and security feud with Prime Minister Sanae Takaichi’s government over defence policy, Taiwan and the use of critical dual-use technologies. The measures announced on Monday add 20 entities to a restricted export list and place another 20 on a watch list, tightening Beijing’s scrutiny of Chinese-origin goods, software and technology […]
Alibaba Cloud has been named a Leader in Omdia’s Market Radar for Agentic AI Cloud Titans in Asia & Oceania, 2026, strengthening its position in a fast-expanding field where cloud providers are racing to turn generative AI into autonomous enterprise systems.
The ranking places Alibaba Cloud among the region’s most advanced providers of agentic AI infrastructure and development platforms. The company achieved the highest scores across six of nine evaluation dimensions, with its full-stack agentic AI approach highlighted as a key differentiator. That framework spans infrastructure, foundation models, model services, enterprise development tools and deployment systems designed to help companies build AI agents capable of planning, reasoning and executing tasks across business workflows.
The recognition comes as agentic AI shifts from experimental pilots to enterprise adoption. The Asia and Oceania market for agentic AI software is projected to grow from $782 million in 2025 to $11.2 billion by 2030, implying a compound annual growth rate of about 94 per cent. The surge reflects demand from banks, retailers, logistics companies, manufacturers and public-sector organisations seeking systems that can automate multi-step work rather than merely generate text, code or images.
Alibaba Cloud’s pitch rests on a vertically integrated stack. Its Qwen foundation models underpin a growing range of cloud services, while Model Studio gives developers access to Qwen-Max, Qwen-Plus, Qwen-Turbo, Qwen-VL, Wan and other model families. The company has also been expanding Platform for AI, Lingjun infrastructure and agent-building toolkits intended to make AI deployment easier for enterprises that lack large in-house research teams.
The company’s Singapore push has become central to its international AI strategy. At its first international Qwen Conference in Singapore in May, Alibaba Cloud introduced Qwen3.7-Max through Model Studio in the Singapore region, unveiled Qwen Cloud as an AI-native platform, and launched agent products aimed at helping companies build and manage autonomous systems. The Skills portal converts capabilities across more than 60 cloud products into agent-callable functions, allowing AI agents to interact with databases, security tools, big-data services and operations systems.
Alibaba Cloud’s commercial momentum has also improved. Cloud Intelligence Group revenue rose 38 per cent year on year to RMB41.63 billion in the January-March quarter, while external cloud revenue grew 40 per cent. AI-related products accounted for about 30 per cent of external cloud revenue and delivered triple-digit growth for the eleventh consecutive quarter. Annualised AI-related product revenue surpassed RMB35.8 billion, indicating that enterprise demand has moved beyond proof-of-concept budgets.
The company is investing heavily to defend that position. Alibaba has indicated that spending on AI and cloud infrastructure will exceed its earlier three-year plan of up to RMB380 billion, as executives prioritise market share and capacity expansion over near-term margins. That strategy carries risks. The group’s earnings have been pressured by high capital expenditure, competition in commerce and infrastructure costs linked to advanced computing demand.
The broader market remains intensely contested. Regional and global cloud providers are building agentic AI platforms that combine foundation models, orchestration layers, retrieval systems, governance tools and specialised compute. Amazon Web Services, Microsoft Azure, Google Cloud, Huawei Cloud, Tencent Cloud and Baidu AI Cloud are all competing for enterprise workloads tied to automation, coding agents, customer-service agents and industry-specific decision systems.
Alibaba Cloud’s advantage in Asia rests partly on its ability to link AI models with commerce, logistics, finance, cloud and developer ecosystems. Its Qwen family has gained traction among developers because of open-source releases and multilingual capabilities, while its enterprise services are being positioned for customers that need lower latency, data-residency options and region-specific compliance controls. The company also benefits from its leadership in Asia-Pacific infrastructure-as-a-service revenue, where it held a 22.5 per cent regional share in 2025.
The agentic AI market, however, faces unresolved issues around reliability, accountability and security. Autonomous agents can call tools, access corporate data and act across software systems, raising concerns over permission controls, audit trails, hallucinated actions and exposure of sensitive information. Enterprise buyers are increasingly looking for guardrails, monitoring, role-based access and human approval mechanisms before allowing agents to handle financial, legal or operational decisions.
XI’AN, CHINA – Media OutReach Newswire – 29 June 2026 – The world’s first commercial multimodal large language model (LLM) for cultural tourism, called BoGuan, has entered broad application in Xi’an, China. This model generates commercial returns by supporting the creation of digital IP for intangible cultural heritage, the development of cultural tourism applications, and the improvement of short drama production. This is injecting new momentum into both China’s heritage preservation initiatives and the cultural tourism industry.
A visitor tries out the BoGuan-powered AI photography app
Xi’an is one of China’s oldest cities and one of its most popular international tourist destinations. Shaanxi Culture Industry Investment Group (SCG) is working with partners like Huawei, China Telecom Shaanxi, and China West Airport Group (CWAG) to promote cultural tourism using digital technologies including AI and 5G-A.For example, BoGuan is used to support a new AI travel companion agent that had been made available to over 4 million users by March of this year.
In September 2025, SCG and Huawei unveiled the BoGuan Large Model, the world’s first commercial multimodal LLM for cultural tourism. It is also China’s first industry-specific model dedicated to the preservation of cultural heritage. This model is built on intelligent computing infrastructure and a high-quality dataset. The dataset has over 1.2 PB of data, including 31 million images, 4.4 million minutes of video footage, 2.18 million minutes of audio recordings, 510 3D models, and 960 million pieces of structured text.
BoGuan can generate highly-accurate multimodal content, such as museum-quality content about cultural relics. This allows it to support the creation of new digital relic presentations, the digitalization and preservation of traditional craftsmanship, and the creation of digital IP for intangible cultural heritage. Zhang Beiyuan, a dough sculpture artisan, said, “With this model, I can complete a dough sculpture that used to take two or three months in less than a week.” BoGuan is also used to create digital IP like the popular cartoon character Tang Biaobiao, which is designed by integrating local cultural heritage elements with the stone carvings of the Six Steeds of Zhao Mausoleum. The sales of related digital collectibles and creative products have exceeded CNY2 million.
In addition to supporting cultural heritage preservation, BoGuan has been used to develop a range of cultural tourism apps, such as AI photography and AI travel companion agent. Visitors can directly talk with this agent on the GO-SHAANXI app to create and adjust travel itineraries and get real-time performance recommendations at attractions. The Zhiying Camera mini program provides paid services that instantly integrate user photos with AI-generated scenes from history, allowing visitors to “travel back to ancient times.” These new consumption options unlock the business value of quality cultural tourism data. Furthermore, SCG is using BoGuan to integrate short drama production with cultural tourism and improve production efficiency and quality in Xi’an, a renowned short drama hub.
Additionally, China Telecom Shaanxi and Huawei have deployed a 5G-A network based on three component carrier aggregation (3CC) technology at Xi’an’s Grand Tang Mall, a popular tourist attraction. The network delivers peak uplink and downlink rates of 600 Mbps and 3.5 Gbps, respectively, about 10 times faster than common 5G networks. During the 2026 May Day holiday, this network supported concurrent access for 23,000 users, guaranteeing smooth video watching and social media experiences. Furthermore, 5G-A-powered HD live streaming at the Grand Tang Mall has become an important way for the attraction to bring in new visitors. According to public data, the average user dwell time of these live streams has nearly doubled and the average transaction value has increased by 62%.
Edric Chu, General Manager of Huawei’s Shaanxi Rep Office, giving a speech
Edric Chu, General Manager of Huawei’s Shaanxi Rep Office, said, “Artificial intelligence is not simply a stack of technologies. It has become a key enabler that can activate thousands of years of cultural heritage, reshape travel experiences, and inject new momentum into the industry. Moving forward, Huawei will continue working with our partners to enhance cultural heritage preservation with digital and intelligent technologies, and stimulate development within the cultural tourism industry.”
Hashtag: #Huawei
The issuer is solely responsible for the content of this announcement.
Cincinnati has long been recognized as one of Ohio’s most dynamic cities, blending a strong business community with historic neighborhoods, growing startups, major healthcare systems, and family-owned enterprises. As the city continues to evolve, legal needs have expanded in areas such as estate planning, family law, business formation, criminal defense, employment disputes, and personal injury. The city’s legal community includes firms that have spent decades serving local […]
Seven in 10 expatriates living in the UAE were found to have insufficient life insurance cover during comprehensive financial reviews conducted by deVere Acuma over the past 12 months, exposing a major financial protection gap among one of the world’s largest and most affluent expatriate populations. The findings emerged from financial planning assessments undertaken with prospective and newly onboarded clients across the UAE in the last year […]
Arabian Post Staff -Dubai Abu Dhabi has begun work on Dar al Funoon Abu Dhabi, a major performing arts centre on Saadiyat Island that is scheduled to open in 2030 and add more than 6,000 seats to the emirate’s cultural infrastructure. The project, whose name means House of the Arts, was launched near the Saadiyat Cultural District during a site visit by Sheikh Khaled bin Mohamed bin […]
By Nantoo Banerjee West Bengal’s first ever Bharatiya Janata Party (BJP) government’s resolve to rebuild the state to its “old glory” sounds good though reversing decades of economic stagnation and industrial decline remains an incredibly difficult challenge. Economically, West Bengal’s rank among Indian states has dropped from No.1 till the mid-1960s to below 10 now. […]
SYDNEY, AUSTRALIA – Media OutReach Newswire – 29 June 2026 – As sustainability requirements and operational performance expectations evolve, building performance modelling is becoming increasingly important across Australia’s construction sector. Afogreen Build, an Environmentally Sustainable Development (ESD) consultancy, has observed growing demand for integrated modelling approaches that help architects and building owners evaluate factors like energy efficiency, occupant comfort, and sustainability outcomes.
Building Performance Modelling as a Strategic Tool Integrated modelling uses computer-based simulations to predict how a building will perform even before it is constructed. By analysing factors such as energy consumption, indoor comfort, daylight access, airflow, and operational efficiency, it helps project teams understand how design decisions may affect a building’s long-term performance.
Traditionally, this approach has been used to support compliance with building regulations and sustainability certification frameworks. However, its role is expanding as project teams increasingly seek data-driven insights during the design process.
One factor contributing to this trend is the growing focus on measurable operational outcomes. Frameworks such as NABERS Commitment Agreements and Section J Performance Solutions require project teams to demonstrate expected building performance before construction begins. As a result, modelling is becoming an increasingly valuable tool for evaluating whether design targets can realistically be achieved.
The approach is already widely adopted across Australia’s construction sector. Research indicates that approximately 90% of new residential developments and 85% of non-office commercial projects now incorporate building performance modelling. At the same time, around 53% of standard projects and 49% of premium projects are using modelling primarily for compliance-based assessments.
“Modelling is increasingly viewed not just as a compliance requirement, but as a practical tool for evaluating whether design targets can realistically be achieved,” shared Erika Yuniarti, Managing Director of Afogreen Build.
Integrated Modelling Provides a Broader View of Building Performance Many project teams are also moving beyond assessments that focus on a single performance metric.
Integrated modelling evaluates multiple aspects of building performance together, including:
Energy use
Thermal comfort
Daylight access
Ventilation
Occupant experience
This approach allows stakeholders to better understand how different building systems and design decisions interact with one another.
By identifying potential issues earlier in the design process, project teams can make more informed decisions before significant design resources are committed. This can help reduce design revisions, improve overall efficiency, and provide greater confidence that performance objectives can be achieved once the building is operational.
Applications Across Multiple Sectors The growing adoption of building performance modelling can be seen across a variety of project types. Recent projects undertaken by Afogreen Build highlight how simulation-based assessments are helping project teams evaluate performance, improve design outcomes, and support sustainability objectives.
a. Large-Scale Hotel Development One project involved the transformation of a former police station site into a two-tower hotel complex with a gross floor area of approximately 25,000 sqm. The development combines a 131-room boutique luxury lifestyle hotel with a 451-room budget-friendly hotel, creating a diverse hospitality offering designed to serve different traveller segments.
To support both guest comfort and sustainability objectives, Afogreen Build conducted integrated daylight, glare, and energy modelling throughout the project. Daylight simulations showed that approximately 94% of guest rooms met daylight performance requirements, while glare assessments helped optimise visual comfort within occupied spaces.
Energy modelling indicated an overall reduction in energy consumption of 30.2% compared to baseline building performance. The analysis also identified key areas of energy use, providing valuable insights that can support future operational and system optimisation efforts.
b. Train Station Project For a train station project, Afogreen Build adopted an integrated modelling approach to evaluate factors such as daylight access, thermal comfort, glare, and natural ventilation across key passenger areas, including the concourse and platforms.
The simulations helped project stakeholders better understand how environmental conditions would affect the passenger experience throughout the day. Findings from the study informed façade design strategies, balancing natural daylight with measures to reduce excessive glare and solar heat gain in occupied spaces.
The assessments also identified opportunities to improve thermal comfort and air movement within the station, supporting a more comfortable environment for commuters while maintaining energy-efficient design principles.
c. High-Performance Data Centre Afogreen Build also applied building performance modelling to a 50 MW data centre project, where energy efficiency was a key design consideration.
The study evaluated the interaction between IT equipment, cooling systems, power distribution infrastructure, and other supporting building systems. By analysing how these components work together under operational conditions, the project team was able to gain a clearer understanding of the facility’s overall energy performance and identify opportunities for optimisation.
The modelling contributed to an optimised Category 2 Power Usage Effectiveness (PUE) range of 1.19 to 1.31, reflecting a highly efficient approach to managing energy consumption within a large-scale, energy-intensive facility.
Together, these projects demonstrate how building performance modelling can be applied across diverse sectors, each with its own operational requirements and performance priorities.
The Future of Performance-Driven Design As sustainability frameworks and performance expectations continue to evolve, Afogreen Build expects modelling to become an increasingly important part of project planning and design across a wide range of sectors.
“There is increasing emphasis on understanding how buildings are likely to perform before they are built, rather than waiting until they are operational to identify challenges,” said Ms. Erika. “The ability to evaluate performance early in the design process is becoming increasingly valuable as projects face more complex sustainability and operational requirements. The team should work closely with project stakeholders to establish realistic assumptions and evaluate likely performance outcomes from the outset. This process helps reduce unnecessary design iterations, improve modelling efficiency, and increase the likelihood of achieving targeted performance objectives. By integrating performance considerations earlier in the design process, project teams are better positioned to deliver buildings that meet both compliance requirements and long-term operational goals.”
For more information about building performance modelling and sustainability consulting services, visit Afogreen Build’s website. Hashtag: #AfogreenBuild
The issuer is solely responsible for the content of this announcement.
Afogreen Build
Afogreen Build is a building sustainability consultant in Australia specialising in sustainability advisory, environmental simulations, and performance modelling. Its services include building energy simulation, daylight analysis, thermal comfort assessments, CFD modelling, and green building certification consulting for projects across the Asia-Pacific region. The company supports project teams in designing buildings that prioritise energy efficiency, occupant comfort, and long-term.
Arabian Post Staff -Dubai Oil prices rose on Monday as renewed US-Iran military exchanges unsettled traders and slowed energy traffic through the Strait of Hormuz, reviving concerns that a fragile pause in hostilities may not hold long enough to restore normal crude flows. Brent crude futures climbed 58 cents, or 0.8 per cent, to $72.57 a barrel at 0207 GMT, while US West Texas Intermediate crude rose […]
Tether is moving to turn its multibillion-dollar bullion base into an active lending instrument, with holders of its gold-backed XAU₮ token set to borrow against their digital claims on physical gold without selling the underlying asset. The plan extends the company’s tokenised gold strategy into collateralised credit, a market structure already familiar to holders of bitcoin who use digital assets to obtain liquidity while keeping exposure to […]
Charleston, South Carolina, is known for its rich history, thriving business community, and welcoming neighborhoods. As one of the state’s fastest-growing cities, Charleston is also home to a diverse legal community serving individuals, families, entrepreneurs, and organizations across a wide range of legal matters. Whether you’re navigating a real estate transaction, planning your estate, resolving a family dispute, launching a business, or recovering after an accident, finding […]
HONG KONG SAR – Media OutReach Newswire – 28 June 2026 – TCL, as a Worldwide Olympic Partner, proudly supported the “2026 Olympic Day cum Aichi-Nagoya Asian Games Fun Run”, organised by the Sports Federation & Olympic Committee of Hong Kong, China, joining more than 2,500 members of the public and athletes in celebrating International Olympic Day and showing support for Hong Kong athletes competing in the Asian Games. TCL also provided smart TV prizes worth approximately HK$180,000.
TCL supports the 2026 Olympic Day cum Aichi-Nagoya Asian Games Fun Run, celebrating the Olympic spirit with more than 2,500 members of the public.
This year’s Olympic Day event was themed “Run with Hong Kong Athletes” and was held at Hong Kong Science Park. It featured three categories: the 4km Individual Run, the 2km Family Fun Run and the 2km Aichi-Nagoya Asian Games Fun Run. The venue also offered a variety of sports experiences and interactive zones. Among them, TCL set up the “SQD Advantage Challenge”, where participants experienced TCL’s SQD-Mini LED display technology through a fun ball-toss game and won Olympic-themed gifts. The lively atmosphere attracted many families and members of the public to take part and enjoy the energy and excitement of Olympic Day.
In addition to receiving commemorative gifts upon completing the event, runners could also enter a lucky draw using their bib numbers. TCL offered several smart TV prizes, with the highlight being the TCL flagship 75-inch X11L SQD-Mini LED TV, valued at HK$44,900. This model delivers peak brightness of up to 10,000 nits and features 20,736 precise local dimming zones for detailed reproduction of high dynamic range scenes. With Super QLED, WHVA 2.0 Ultra panel technology, and Ultra Colour Filter, it achieves 100% BT.2020 full-scenario wide colour gamut, ensuring vivid colour performance even in bright environments. Whether for watching the Olympics or everyday entertainment, the X11L recreates an immersive viewing experience at home, allowing the public to relive the excitement and emotion of sport.
Mr Roger Gao, General Manager of TCL Hong Kong Branch, said: “As a Worldwide Olympic Partner, TCL firmly believes that both technology and sport have the power to inspire and unite communities. By supporting the ‘2026 Olympic Day cum Aichi-Nagoya Asian Games Fun Run’, we are demonstrating TCL’s commitment to promoting sports culture through innovation. We hope to extend the Olympic spirit from the sporting arena into everyday life.”
TCL and the International Olympic Committee announced a global partnership in 2025, with the collaboration running through 2032. TCL became the official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category. Hashtag: #TCL
The issuer is solely responsible for the content of this announcement.
TCL
Founded in 1981, TCL is committed to delivering forward-looking technology experiences and smart, healthy living solutions. TCL stands for “The Creative Life”, reflecting the brand’s belief in using creativity to inspire life. TCL operates in more than 160 countries and regions worldwide.
Bahrain reported an Iranian drone attack and a tanker was hit in the Strait of Hormuz on Saturday, putting a fragile US-Iran ceasefire under its sharpest test since Washington and Tehran agreed to pause fighting and reopen the Gulf’s most important energy corridor. The incidents triggered new US strikes on Iranian military targets and prompted fresh accusations from both sides that the other had breached the interim […]
The UK’s Cyber Monitoring Centre has warned universities and colleges to reassess cyber resilience after a breach at Canvas exposed student and staff data across about 160 higher education institutions while causing less financial disruption than feared. The assessment found that the incident fell below the threshold for a formal Category 1 national cyber event, which requires losses of at least £10m or an impact on more […]
Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy
HONG KONG SAR – Media OutReach Newswire – 27 June 2026 – The “Wealth Management Expo 2026”, powered by Bank of China (Hong Kong) (“BOCHK”) and organised by TVB under the theme of “Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy”, was successfully held today. The Expo featured top-tier financial experts and prominent figures for market pulse insights and visionary perspectives on the international landscape, the international use of RMB, enterprises going global, silver economy and wealth management.
Officiating guests – Mr. Michael WONG, GBS, JP, Acting Financial Secretary of the HKSAR Government (6th left); Mr. Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury of the HKSAR Government (4th right); and Mr. Stephen CHAN, Deputy Chief Executive of BOCHK (5th right); together with other attending guests, including Mr. SIU Sai Wo, General Manager (Business Operations) of TVB (5th left); and representatives from BOCHK.
The Expo was officiated by Mr. Michael WONG, GBS, JP, Acting Financial Secretary of the HKSAR Government; Mr. Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury of the HKSAR Government; and Mr. Stephen CHAN, Deputy Chief Executive of BOCHK. Mr. Christopher HUI also shared at the opening forum on how Hong Kong as a global offshore RMB hub supports enterprises in going global. Other attending guests included Dr. KO Wing Man, GBS, JP, Standing Committee of the National Committee of the CPPCC; Mr. SIU Sai Wo, General Manager (Business Operations) of TVB; and representatives from BOCHK.
Mr. Stephen CHAN, Deputy Chief Executive of BOCHK, said in his opening remarks, “This year marks the inaugural year of the nation’s 15th Five-Year Plan, which clearly supports Hong Kong in strengthening its role as an international asset and wealth management centre. Against this backdrop, Hong Kong, as a vital bridge between the Chinese Mainland and the rest of the world, is set to tap into an unprecedented opportunity for growth. Bank of China (Hong Kong) will actively align with national policies and the HKSAR Government’s direction by deepening its regional business development and promoting the international use of RMB, while continuing to fulfil its corporate social responsibilities, contributing to the consolidation of Hong Kong’s position as an international financial centre.”
Opening Forum: Experts Shared Insights on RMB Empowering Enterprises to Go Global
The opening forum of the Expo “New Opportunities in Global Wealth Investment: RMB Empowering Enterprises to Go Global” featured Mr. Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury, HKSAR Government; Mrs. Pauline NGAN, BBS, JP, Deputy Chairman and Managing Director of Mainland Headwear Holdings Limited, Member of the National Committee of the CPPCC; Mr. Sam YU, Chairman of Hong Kong Investment Funds Association; and Mr. Jack YANG, RMB Business Executive Director of BOCHK. They engaged in an in-depth discussion on the international market trends, enterprises going global and the international use of RMB, elaborating new investment opportunities.
Summit Forum: Decoding Silver Economy Opportunities and Industry Integration
The growing silver-haired population is driving demand across a range of areas, including health, lifestyle and wealth management. Held under the theme “Redefining Value in the Silver Age: Uncovering Blue Ocean Market Opportunities”, the summit forum featured Dr. KO Wing Man, GBS, JP, Standing Committee of the National Committee of the CPPCC; Mr. Angus CHAN, Director of Elderly Care Services of Chinachem Group; Mr. Terry WONG, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation; and Mr. Wilson TANG, Chief Executive of BOC Group Life Assurance Company Limited. Drawing on a macro perspective on industry structure, the speakers analysed the business opportunities within the silver economy and explored how to drive supply chain transformation and integration across traditional industries such as healthcare and insurance, while offering a forward-looking view of the immense potential of this emerging market.
Thematic Workshops and Immersive Digital Experience Zone, Showcasing Comprehensive Wealth Growth Strategies
The Expo also held several thematic workshops, in which experts analysed prevailing topics, including global fund and equity market conditions, retirement wealth planning, and emerging markets, equipping clients with insights into wealth growth strategies. Two fund workshops focused respectively on emerging markets and global income opportunities. The first workshop, “Focusing on Emerging Value in Asia: Embarking on a New Chapter for RMB Assets and China’s Equity and Bond Markets”, examined how the Chinese Mainland’s deepening cooperation with ASEAN, the Global South, and Belt and Road Initiative partner countries is generating new investment opportunities in emerging markets. The workshop also offered an investment outlook of the implications of the National 15th Five-Year Plan and the shifting global landscape for RMB assets and the Chinese Mainland’s equity and bond markets. The second fund workshop, “Harnessing Multi-Asset Strategies to Capture Asia-Pacific Income Opportunities,” explored how investors should diversify asset portfolio amid heightened volatility in global equity and bond markets, while capturing income opportunities from Asia-Pacific and emerging markets.
The retirement planning workshop, “Forward-Looking Wealth Planning: Charting Your Own Path to a Premium Retirement”, addressed the retirement pain points commonly faced by Hong Kong residents, offering financial advice for the silver generation to build a solid safety net for themselves and their families. The equities workshop, “Navigating 2026: Decoding Stock Market Strategies”, dissected global equity market performance and explored how different financial products can be used to balance aggressive and defensive positioning to capture markets with growth potential. The wealth management workshop, “AI-led Future: Blue Ocean Opportunities in Southeast Asia and New Horizons for Enterprises Going Global”, examined the AI investment boom and analysed the unique edge of Hong Kong as a “super value-adder” for enterprises going global.
A 3D immersive digital experience zone highlighted BOCHK’s capabilities across its expansive network reach, anti-fraud education, professional services, digital innovation leadership and award-winning credentials.
BOCHK Private Wealth also officially unveiled its new Wealth+ service proposition at the event, expanding its scope beyond wealth management to encompass multi-dimension of clients’ lives, including lifestyle experiences, family financial planning and holistic well-being, with a commitment to addressing client’s unique and individual needs.
The “Wealth Management Expo 2026” concluded successfully with fruitful outcomes. Through a full day of engaging forums, workshops, digital experience zone and sponsored booths, industry professionals, investors and the public can gain insights into global opportunities, keep abreast of the latest development in the international use of RMB and the strategic advantages of enterprises going global, while capitalising on the diverse opportunities presented by the silver economy, and mastering financial management and wealth growth.
Hashtag: #WealthManagementExpo2026
The issuer is solely responsible for the content of this announcement.
UAE investors are moving into the second half of 2026 with stronger risk appetite as easing energy-market stress and lower geopolitical risk premiums reshape sentiment across the Middle East, Standard Chartered has said. The bank’s latest market outlook points to a more constructive backdrop for regional portfolios after the US-Iran interim deal helped cool fears of a prolonged disruption to Gulf energy flows. The retreat in oil […]
Throughout the quarter, OTC & Partners advised on a diverse portfolio of cross-border transactions and strategic initiatives, reinforcing its capability to manage intricate legal workstreams across multiple legal systems while maintaining a commercially focused approach. Among the highlights, the firm acted on a cross-border merger and acquisition involving leading cryptocurrency businesses. The mandate required coordination of multi-jurisdictional legal streams, alongside the alignment of transaction documentation with post-completion […]
Arabian Post Staff -Dubai US Secretary of State Marco Rubio has assured Gulf Arab partners that Washington will not pursue a deal with Tehran at the expense of their security, as the Trump administration tries to build regional support for a preliminary accord aimed at ending months of confrontation with Iran. Rubio delivered the message in Manama at a meeting with Gulf Cooperation Council foreign ministers and […]
HONG KONG SAR – Media OutReach Newswire – 25 June 2026 – The Hong Kong Research Institute of Textiles and Apparel (HKRITA) yesterday officially signed a landmark Memorandum of Understanding (MoU) with two key global partners, Jeanologia and Looptworks, to establish the Green Machine Circular Textile Ecosystem – a first-of-its-kind collaboration to accelerate the large-scale recycling of blended textiles.
Mr Jake Koh, CEO of HKRITA (middle), Ms Begoña García, Jeanologia Global Director of Sustainable Innovation, (left) and Mr Scott Hamlin, Founder and CEO of Looptworks, (right) have signed the MoU for this landmark tripartite initiative, advancing a complete and actionable circular textile ecosystem.
Bringing together cutting-edge innovation, industrial machinery expertise, and real-world adoption, this tripartite initiative unites HKRITA with Jeanologia as the first official machinery partner and Looptworks as a prospective adopter. The partnership signals a decisive shift from research-driven innovation to practical, scalable deployment with industry support, creating a complete and actionable pathway for circular transformation.
At the centre of this ecosystem is HKRITA’s latest Green Machine 4.0, the newest iteration of its pioneering hydrothermal recycling technology. This advanced version recovers polyester at 98% or higher purity from cotton-polyester textiles without harmful processes. Through this collaboration, Jeanologia contributes by delivering industry-ready machinery engineered to European standards that meets the CE high-pressure requirement, enabling seamless integration and streamlined logistics. Meanwhile, Looptworks, a Certified B-Corp recycling specialist, transforms diverse pre- and post-consumer textiles into high-quality GRS-certified fibres. This cross-industry collaboration supports expandable industrial implementation across diverse settings, enabling the industry to execute circular solutions at scale.
By integrating scientific innovation, engineering excellence, and operational deployment, the Green Machine ecosystem provides a viable pathway for circular transformation. This initiative empowers textile recyclers to process previously unrecyclable materials and unlock new revenue streams, while enabling fashion brands to incorporate recycled fibres into their supply chains in commercial volumes. It also supports manufacturers in adopting more sustainable production models, helping all stakeholders close the loop on textile waste and reduce dependence on virgin resources.
Mr Jake Koh, Chief Executive Officer of HKRITA, said, “The circular economy is no longer a distant goal—it is here. With the Green Machine 4.0 now proven adoption-ready and scalable, this partnership marks a decisive shift from research to commercialisation. True innovation is defined by real-world impact, and today we are making it a reality.”
Mr Enrique Silla, CEO and Founder of Jeanologia, said, “For the last 25 years, we have transformed the denim industry through technology, innovation and collaboration. Today, we are bringing that same experience to one of the industry’s greatest challenges: textile-to-textile recycling. At Jeanologia, we believe recycling must become part of the industry’s pre-competitive space, where companies work together to create solutions that no single organisation can achieve alone. By combining HKRITA’s innovation, Jeanologia’s industrial engineering and textile bleaching expertise, and Looptworks’ operational deployment, we are creating a model that can help make circularity a reality at industrial scale.”
Mr Scott Hamlin, Founder and CEO of Looptworks, said, “Looptworks has had a relationship with HKRITA for over a decade. We are proud to have worked together with the research and management teams at HKRITA to further develop textile circularity innovations at scale. The Green Machine represents a shining example of what is possible for textile recycling. Blended materials have long been a major barrier to circularity, and this technology enables us to effectively realise their value at scale. By reintroducing recovered fibres into the supply chain, we are proving that circular solutions are both environmentally practical and economically viable.”
Aiming to ensure ecologically sound circularity in the industry, HKRITA invites textile recyclers, fashion brands, and manufacturing partners to join the ecosystem and explore opportunities for collaboration, adoption, and expansion.
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About The Hong Kong Research Institute of Textiles and Apparel (HKRITA)
Established in 2006, HKRITA is funded by the Innovation and Technology Commission of the HKSAR Government and is hosted by The Hong Kong Polytechnic University. Celebrating its 20th anniversary in 2026, HKRITA continues to contribute to the competitiveness of the textile and apparel industry by providing one-stop services in applied research, technology transfer and commercialisation. HKRITA also plays a vital and expanding role in driving sustainable improvements in the industry and thus bringing benefits to society as a whole.
About Jeanologia
Jeanologia is a Spanish technology company with more than 30 years of experience transforming the textile industry through innovation. Today, more than 40% of the world’s jeans are produced using Jeanologia technologies.
The company pioneered technologies such as laser, G2 ozone and water recycling systems, helping brands and manufacturers eliminate harmful processes, reduce water and chemical consumption, and improve productivity.
As part of its Mission Zero vision, Jeanologia is now extending its expertise beyond garment finishing to accelerate textile circularity, developing industrial solutions for water reuse, textile recycling and the transition towards a waste-free industry.
About Looptworks
Looptworks is a Certified B-Corp textile-to-textile recycling specialist offering innovative, scalable solutions for brands and organisations world-wide. Based in Gresham, Oregon, Looptworks is the first and only GRS certified, recycling company in the United States equipped with a circular system capable of processing multiple types of materials into a range of finished spinning and nonwoven fibre products. The Looptworks facility is fully operational, and features a unique technology that transforms pre-and post-consumer textiles into high-quality recycled fibres.
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