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Overnight AI challenge saw 60 participants tackle a series of challenges using OpenAI Codex, with Kay Hng Quek taking the top prize

SINGAPORE – Media OutReach Newswire – 26 October 2026 – Coupang, a Seattle-based technology company that serves customers in 190 countries and territories, co-hosted an overnight AI hackathon, AI Grand Prix Singapore 2026 (“AI Grand Prix“) with OpenAI. It was presented by Elev8, with Carousell Group as venue partner.

Held from 24 to 25 October 2026 at Carousell Campus, the overnight AI Grand Prix brought together 60 participants, selected from a pool of 150 applicants, to tackle a series of challenges that tested their technical skills, creativity and ability to solve problems under pressure. All participants competed in individual challenges and formed 14 teams for the group challenge. Engagement remained strong through the night, with participants continuing to work on their solutions into the early hours.

From Challenge to Working Solution

Unlike a traditional hackathon centred on a single problem statement, the AI Grand Prix was a multi-challenge competition, requiring them to adapt their approach as the competition progressed. Using OpenAI Codex, participants were tasked with three distinct challenges: Game Hack, which focused on developing creative AI-powered games; Spot the Mismatch, a technical challenge to identify discrepancies in AI-generated product descriptions, images and prices; and Group Hack, in which 14 teams developed AI-powered shopping experiences and solutions. Performance across the challenges was assessed collectively to determine the overall rankings.

Taking the top spot was Kay Hng Quek, who demonstrated strong, consistent problem-solving skills across different technical challenges. He received the Champion’s Builder Kit, a special first-place award comprising a Mac mini, DJI Mic 3 and Elgato Stream Deck Plus, designed to support continued experimentation and creation as an AI builder.

A total of US$13,000 in OpenAI API credits was shared among the winners and OpenAI subscription benefits were also provided to all participants, alongside unlimited Codex usage resets during the event to encourage experimentation with different ideas and approaches. The top 10 participants are scheduled to attend an exclusive networking dinner on 26 October with leadership and technical representatives from Coupang and OpenAI, offering an opportunity to exchange ideas and experiences in building with AI.

“AI Grand Prix was an incredible opportunity to push myself beyond my comfort zone and explore what’s possible with AI. The variety of challenges encouraged us to think creatively, adapt quickly and approach problems from different perspectives. What made the experience even more rewarding was being surrounded by talented, passionate builders who shared ideas and inspired one another. I’m grateful to have been part of such an exciting community, and especially for Jerel, my cofounder, who brings out the best in me,” said Kay Hng Quek, overall champion of AI Grand Prix Singapore 2026.

“Technology and innovation are at the heart of how we create better experiences for our customers, and we see tremendous potential for AI to further transform the future of commerce. Singapore is home to an exciting community of engineers and researchers, and we are thrilled to co-host this event with OpenAI to provide a platform for them to come together, experiment and innovate with AI,” said Xin Fu, VP of Engineering at Coupang.

Derrick Choi, Head of Applied AI, Codex (APAC) at OpenAI, said, “AI is changing how software is built, giving developers new ways to accelerate the journey from concept to product. The AI Grand Prix highlighted the breadth of Singapore’s developer community. It was a great opportunity to give builders a chance to try different approaches with Codex and explore how they could use it to tackle real-world problems.”

The AI Grand Prix marks Coupang’s first event with OpenAI and underscores its continued investment in building the future of commerce with AI, while leveraging Singapore’s position at the heart of Southeast Asia’s technology ecosystem.

Hashtag: #Coupang

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

About Coupang

Coupang is a technology and Fortune 150 company listed on the New York Stock Exchange (NYSE: CPNG) that provides retail, restaurant delivery, video streaming and fintech services to customers around the world under brands that include Coupang, Eats, Play, Rocket Now and Farfetch. It operates in over 190 countries and territories around the world.

For more information, visit aboutcoupang.com.

In Singapore, the Enabling Masterplan 2030 (EMP2030) sets out the national vision of becoming a more inclusive society by 2030. Its 29 recommendations span three strategic themes, including strengthening support for lifelong learning. One of its stated aspirations is for persons with disabilities to have greater access to lifelong learning opportunities and resources by 2030. Against this backdrop, SIM Global Education (SIM GE) is highlighting why accessibility should form part of the conversation when students and families evaluate their higher education choices.

Accessibility considerations can begin before classes start

Students who anticipate requiring accessibility support may benefit from raising their needs before beginning their studies, rather than waiting until an issue emerges during the semester. SIM GE encourages students with disabilities to contact its Student Development team early to explore accessibility services, including where formal documentation or a diagnosis may not yet be available. The institution works with its partners to reduce barriers in academic and non-academic areas.

Early discussion does not mean that every requested arrangement will automatically apply. SIM GE notes that available access arrangements depend on the university associated with the student’s programme. This is particularly relevant when comparing programmes delivered in collaboration with different university partners. Students may therefore need to understand how accessibility arrangements apply to the specific qualification they are considering, rather than assuming that the same provisions apply across all programmes.

Physical accessibility forms one part of the student experience

The physical environment remains an important consideration, particularly for students with mobility or other access requirements. SIM’s current campus accessibility provisions include ramps for building access, automatic sliding doors at the main entrances to Blocks A and B, stair lifts, accessible toilets and parking spaces, Braille on lift buttons and lift service at the overhead bridge opposite the campus. SIM also acknowledges on its accessibility information page that gaps in physical accessibility may still exist and provides a channel for students to raise barriers they encounter while navigating the campus.

For prospective students, this suggests that a campus visit can serve a purpose beyond viewing lecture theatres and recreational facilities. Students with particular accessibility requirements may also use the opportunity to understand how they would move between classrooms, student services, study spaces and other frequently used parts of the campus.

Inclusive learning extends beyond campus infrastructure

An accessible campus alone does not necessarily make the overall learning experience accessible. UNESCO has highlighted that students with disabilities can face barriers to higher education that extend beyond physical access, including barriers associated with learning environments and participation. It has called for broader collaboration to strengthen inclusion and equity within higher education.

For institutions, this places attention not only on facilities but also on how teaching and learning respond to different student needs. In 2026, SIM’s Centre for Teaching & Learning introduced a training series aimed at helping lecturers better understand and respond to students with special needs and diverse learning profiles. The initiative forms part of SIM Academic Division’s professional development efforts around more inclusive classroom practices.

Such efforts reflect a wider consideration for students choosing where to study: whether accessibility is addressed only through physical facilities or is also considered in the learning environment.

Programme-specific arrangements need to be understood early

Accessibility requirements can differ considerably between students. They can also be affected by programme structures, assessment requirements and the policies of the relevant awarding institution. SIM GE therefore advises early contact so that students can explore what accessibility services may be relevant to their individual circumstances. Its published guidance makes clear that available access arrangements are dependent on the university for the programme concerned.

For students and families comparing higher education options, practical considerations may include identifying who coordinates accessibility support, how early requirements should be raised, whether arrangements involve the institution, the awarding university or both, and what process applies if a student’s needs change during the course of study. Establishing these details before enrolment can provide greater clarity about what support may be available and what steps a student may need to take.

Accessibility is becoming part of the broader inclusion agenda

Singapore’s approach under EMP2030 places lifelong learning within the broader national effort to enable persons with disabilities to participate more fully in society. The Government’s 2025 updates to the Masterplan also included work to increase the availability of accessible training courses, alongside initiatives to create more inclusive physical and social environments.

Higher education institutions form one part of that wider learning ecosystem.

For prospective students, choosing a university will continue to involve considerations such as academic quality, programme fit, cost and future opportunities. For those who require accessibility support, understanding the learning environment and available support arrangements can provide another important piece of information before making that decision.

SIM GE’s position is that these conversations are better started early. By understanding what support is available, how it applies to a particular programme and where potential barriers may exist, students can make a more informed assessment of whether a learning environment meets their needs before their university journey begins.

References:

1. Ministry of Social and Family Development — Enabling Masterplan 2030 – https://www.msf.gov.sg/what-we-do/enabling-masterplans/emp2030
2. Ministry of Social and Family Development — EMP2030 Strategic Themes. – https://www.msf.gov.sg/what-we-do/enabling-masterplans/strategic-themes
3. SIM Global Education — Student Accessibility – https://www.sim.edu.sg/degrees-diplomas/life-at-sim/student-care
4. SIM Global Education — Student Care – https://www.sim.edu.sg/degrees-diplomas/life-at-sim/student-care
5. SIM — Academic Development – https://www.sim.edu.sg/academics/teach
6. UNESCO — Breaking Barriers in Higher Education for Students with Disabilities. Discusses accessibility and inclusion challenges faced by students with disabilities in higher education – https://www.unesco.org/en/articles/breaking-barriers-higher-education-and-students-disabilities

Hashtag: #SIMGlobalEducation #SIMGE

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

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

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 170 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 17,000 full- and part-time students and adult learners, of which approximately 41% 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 www.sim.edu.sg

These awards celebrate the most inspirational initiatives and developments in land, real estate, construction and infrastructure, recognising outstanding achievement, teamwork and corporate excellence. This year’s entrants have contributed to some of Hong Kong’s largest projects, including driving investment into the commercial sector, delivering essential infrastructure and leading sustainable practices.

Guest of Honour, Mr. TAI Sheung Shing, Victor, JP, Under Secretary for Housing, Housing Bureau, The Government of the Hong Kong Special Administrative Region, kicked off the ceremony with a speech recognising chartered surveyors for their significant contributions to the built environment. Additionally, the event welcomed Mr. David Lam, JP, Under Secretary for Development, Development Bureau, The Government of the Hong Kong Special Administrative Region, as a Presentation Guest at the Gala Dinner, to jointly witness this important occasion.

“These awards are about excellence. Excellence in our profession is about much more than a successful transaction, a well-delivered project or an impressive building. It is about the judgement behind a difficult decision. The integrity to give the right advice, even when it is not the easiest advice to give. And the commitment to leave a place, a business or a community better than we found it. ” said Ms. Ada Fung FRICS, Judging Chair of RICS Hong Kong Awards 2026. “For those of us working in Hong Kong, these qualities matter enormously. Our city never stands still, and neither can our profession. We must help clients navigate uncertainty, make better use of our built environment, and turn long-term ambitions into practical results.”

The RICS Annual Lifetime Achievement Award was presented to Mr. Philip Lo FRICS, a Steward of the Hong Kong Jockey Club. Mr. Lo is a former Chairman of Rider Levett Bucknall China and Hong Kong. He is a fellow of RICS and served on the RICS UK Management Board from 2011 to 2016, alongside his extensive leadership roles within RICS Hong Kong. He remains deeply committed to public service, currently holding key roles with the Hong Kong Housing Authority and the Hong Kong Housing Society, as well serving as an Adjunct Professor at The University of Hong Kong.

“Our profession is unique. We may not always have our names on the buildings, but we know every building carries our fingerprints. More importantly, through the built environment, we have the opportunity not only to create buildings and infrastructure, but also to shape communities, improve lives and contribute to the long-term development of society. That sense of purpose has always been one of the most rewarding aspects of my career.” said Mr. Philip Lo FRICS.

Results of RICS Hong Kong Awards 2026:

Project award categories
1. Commercial Property Project of the Year

• Jones Lang LaSalle Management Services Limited – The Bay Hub

2. Corporate Social Responsibility Project of the Year

• Hong Kong Housing Authority – Diamond Hill Water Feature Park

Team award categories
3. Agency Team of the Year

• JLL – Office Leasing Advisory Team

4. Construction Project Management Team of the Year

• Architectural Services Department & China State Construction Engineering (Hong Kong) Limited – Design and Construction of Chinese Medicine Hospital and Government Chinese Medicines Testing Institute in Hong Kong

5. Facilities Management Team of the Year

• Hang Seng Bank Limited & JLL
• Swire Properties Management Limited – Citygate – Driving Excellence in Facilities Management through Exemplary Sustainability Strategy

6. Property Management Team of the Year

• Nan Fung Property Management – AIRSIDE

7. Quantity Surveying Team of the Year

• Housing Department, HKSAR (Quantity Surveying Section) – SmartCOST+ (Construction Cost Data Management Platform)

8. Refurbishment / Revitalisation Team of the Year

• Architectural Services Department & Yau Lee Construction Company Limited – The Light Public Housing at Vacant School Premises (St. Joseph / Holm Glad / Ma Kam Chan)

9. Research Team of the Year

• Rider Levett Bucknall + Arup – Whole Life Carbon Assessment – Embodied Carbon Intensity Framework in Hong Kong and Mainland China

10. Valuation Team of the Year

• Cushman & Wakefield – Masterminds Behind Development: Shaping Hong Kong’s Future With Valuation Expertise

Special category awards

11. Best Deal of the Year

• Alibaba Group Holding Limited, Cushman & Wakefield – Anchoring the Global Digital Hub: Alibaba & Ant Group’s Overseas Headquarters at One Causeway Bay, facilitated by Cushman & Wakefield
• Jones Lang LaSalle Limited – JLL Capital Markets: Brookfield Asset Management and Uni-China Group Strategic Acquisition of Tsing Yi Industrial Site

12. Environmental Impact Award

• Architectural Services Department – Advancing Net Zero – Toilet Blocks at Pet Garden of Central and Western District Promenade
• Savills Property Management Limited – Kingston International Centre

13. Proptech Innovation of the Year

• Savills Property Management Limited – Smart Control Hub

Individual awards

14. Emerging Achiever of the Year

• Jason Leung MRICS, Assistant Research Director, Head of Land and Housing Research, Our Hong Kong Foundation

15. Lee Ming Kiu, Owen MRICS, Resident Engineer, AECOM

• Woman of the Built Environment Award
• Kathy Lee, Head of Research and Retail Consultancy, Colliers

The full RICS Hong Kong Awards Winners list is available at: https://www.rics.org/training-events/rics-awards/hong-kong-awards

High resolution photos are available at: https://drive.google.com/drive/folders/1c2FnfB9S-IXgcfj8SGXAFe6RP16oQFlA?usp=sharing

Notes for editors:

RICS Hong Kong Awards 2026 is sponsored by:

• Headline Sponsor: Hongkong Land Limited
• Premium Sponsor: Swire Properties Limited
• Cocktail Partner: Colliers
• Agency Partner: CBRE Advisory Hong Kong Limited
• Silver Sponsors: Link Asset Management; MOORE
• Supported by: Construction Industry Council

Hashtag: #RICS

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

About RICS Hong Kong Awards

The RICS Awards Hong Kong showcases outstanding achievements and developments in Hong Kong’s land, property and construction industries and across the built environment. The awards are open to everyone working within the property profession. The jury panel of the RICS Awards 2026 Hong Kong is formed by fourteen outstanding local industry leaders. Nominated projects have all displayed outstanding performance in professionalism, outcome & achievement, teamwork & collaboration and thought innovation.

About RICS
We are RICS. As a member-led chartered professional body working in the public interest, we uphold the highest technical and ethical standards.

We inspire professionalism, advance knowledge and support our members across global markets to make an effective contribution for the benefit of society. We independently regulate our members in the management of land, real estate, construction and infrastructure. Our work with others supports their professional practice and pioneers a natural and built environment that is sustainable, resilient and inclusive for all.

Winner — Best Deal of the Year

Cushman & Wakefield’s Capital Markets team has been recognized for delivering Hong Kong’s largest office asset transaction since 2021. Facilitating Alibaba Group and Ant Group’s acquisition of their new regional headquarters premises at One Causeway Bay, this landmark HK$7.2 billion deal marks a significant milestone for the city’s commercial real estate market and underscores Hong Kong’s enduring appeal to global technology companies seeking regional headquarters opportunities. It highlights Cushman & Wakefield’s pivotal role as a key link between enterprises of different regions, further solidifying its leading position in complex cross-border transactions. This iconic deal has been widely reported and headlined by more than 100 media outlets globally.

Francis Li, International Director, Vice President and Head of Capital Markets, Greater China, Cushman & Wakefield, said, “This award reflects our team’s market expertise, integrity, and commitment to client outcomes, while adhering to the stringent RICS standards. It also reflects our deep market relationships and dedication to clients, the industry, and contributing to Hong Kong’s continued growth.”

Winner — Valuation Team of the Year

Committed to building a future-ready Hong Kong defined by sustainability, innovation, and lasting value, Cushman & Wakefield’s Valuation & Advisory Services team draws on more than 30 years of hands-on experience across Greater China. It partners with the Hong Kong government and private-sector visionaries to shape the infrastructure and public services that matter — spanning transport, utilities, healthcare facilities, and urban renewal. As a total solution hub, the team connects end-to-end expertise across valuation, advisory, ESG, financing and feasibility to turn ambition into action.

Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, Cushman & Wakefield, said, “We are deeply honored be named Valuation Team of the Year at the RICS Hong Kong awards for the third consecutive year, marking our fourth “Valuation Team” award in six years. This accolade reflects the unwavering dedication, professionalism, and innovation of our valuation team. Serving major development initiatives, our team is proud to help shape Hong Kong’s future with our valuation expertise. Since 1993, we have continually evolved our capabilities — integrating ESG, sustainability, and emerging asset classes to deliver best-in-class solutions while nurturing the next generation of industry leaders.”

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, added, “Congratulations to our outstanding teams for demonstrating our progressive spirit and client-first mindset once again. These prestigious accolades reinforce Cushman & Wakefield’s market leadership and brand strength. Moving forward, we will continue to elevate industry standards and deliver unparalleled value to our clients.”

Photos:
Winner – Best Deal of the Year: Hong Kong & China Capital Markets team
Winner – Valuation Team of the Year: Hong Kong Valuation & Advisory Services team

Please click HERE to download high-resolution photos.

Hashtag: #CushmanWakefield

http://www.cushmanwakefield.com.hk
http://www.linkedin.com/company/cushman-&-wakefield-greater-china

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 53,000 employees in nearly 350 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

Co-created by China Cosmetics Review, Cosmetic Valley of France and other partners, the 2026 INPD Awards center on the theme “REGENERATIONS”. The event brings together leading research institutions, enterprises across the value chain and industry experts from the global beauty sector, showcasing cutting-edge innovations in raw material research, formulation technology, sustainable development and more.

The 2026 INPD Awards maintain an international, professional and diverse judging panel, comprising specialists from industry, scientific research, brands, marketing, design and sustainable development. They evaluate innovations across multiple dimensions, including technical value, product performance, brand innovation and industrial significance. This international professional judging system, covering the entire value chain, has further elevated the prestige and industry influence of this year’s awards.

For the first time, this edition of the INPD Awards introduced the Leading Grand Prize, accompanied by a special prize fund of RMB 1 million, to recognize benchmark enterprises leading China’s beauty industry. OSM, with nearly 60 years of expertise in pearl skincare, claimed the 2026 INPD Leading Grand Prize.

Competing alongside top global innovators, the Chinese beauty sector delivered outstanding results with a string of victories. Drawing on a solid scientific research foundation, differentiated innovation strategies and rich cultural expression, Chinese beauty brands and enterprises emerged among the most notable winners, securing major awards across multiple categories and delivering an inspiring performance.

Congratulations to these Chinese beauty players who continue to break new ground on the global innovation stage and whose achievements have earned recognition and acclaim from an international panel of industry judges!

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

The Thailand Board of Investment (BOI) said on Saturday that applications submitted between 2023 and the first half of 2026 totalled 23.5 billion baht. The proposed projects cover specialised components and industrial materials used in electronics, batteries, electric motors and hydrogen technologies.

The figures represent investment applications rather than completed expenditure. The agency did not provide a breakdown of project approvals, construction schedules or the amount already invested, leaving the pace at which the proposed capacity will become operational unclear.

Narit Therdsteerasukdi, secretary-general of the BOI, said domestic production of sophisticated materials could reduce dependence on imports and allow Thai suppliers to participate in higher-value international manufacturing networks. The agency wants to develop industries supplying essential inputs rather than relying principally on assembly operations.

The applications include multilayer ceramic capacitors, graphite films used for heat management, engineered ceramics, neodymium magnets, materials for batteries and fuel cells, and specialised glass and quartz fabrics used in printed circuit boards. Nanomaterials for precision manufacturing are also represented.

Such products are important to increasingly powerful computing equipment. Multilayer ceramic capacitors help regulate electrical power in electronic circuits, while graphite films dissipate heat generated by densely packed components. The BOI said a high-end AI server can contain as many as 30,000 ceramic capacitors, illustrating the scale of demand associated with advanced computing infrastructure.

Among the companies identified by the agency, Taiwan’s Fultech Fiber Glass produces glass fabrics for circuit boards, including higher-performance varieties suitable for AI servers. Jones Tech manufactures synthetic and natural graphite films designed to transfer heat away from electronic devices.

Other projects target electric transport and energy storage. BGN Thai produces coated foils for lithium-ion batteries, while Phinis Well manufactures neodymium magnets used in electric motors. Xinyuan Graphite supplies bipolar plates for hydrogen fuel cells, extending the range of technologies covered by the investment pipeline.

CoorsTek Advanced Materials, part of the US-based ceramics group CoorsTek, has invested in engineered ceramics used in automotive pressure sensors and silicon nitride balls for hybrid bearings. Those bearings have applications in electric vehicles and wind turbines. Golden Egret Cemented Carbide produces tungsten carbide powders for precision cutting tools.

Thailand already hosts established electronic component manufacturers, including Japan’s Murata Electronics and Kyocera AVX Components. The BOI cited these operations as part of the industrial base supporting the proposed expansion into more specialised upstream production.

The announcement follows broader growth in investment applications for technology-intensive industries. BOI figures released for the first half of 2026 showed total applications rising 37 per cent from a year earlier to approximately 1.47 trillion baht across 1,299 projects. Digital infrastructure, including data centres, accounted for a substantial share of the total.

Those economy-wide figures are separate from the 23.5 billion baht advanced materials pipeline, which covers applications accumulated over a longer period. Comparing the two as if they represented the same reporting window would overstate the scale of the materials industry’s immediate expansion.

The government’s electronics strategy has also focused on printed circuit boards, a manufacturing segment closely linked to AI servers and communications equipment. Authorities announced approvals for further expansion by three circuit-board manufacturers involving more than $668 million in investment, with over 5,000 additional jobs expected from those projects.

Electric vehicle manufacturing provides another source of potential demand. BOI data published in September placed cumulative approved investment across Thailand’s electric vehicle supply chain at approximately $4.59 billion through August, covering vehicle assembly, batteries and key components. That total concerns a different investment category and should not be added to the newly disclosed applications without checking for overlap.

Narit said the agency would continue supporting research, technology development and workforce training alongside investment promotion. Its stated objective is to increase the share of advanced materials and components manufactured domestically for regional and international customers.

The investment drive also reflects Thailand’s efforts to attract suppliers serving multiple industries, rather than individual product categories. Manufacturers of specialised materials can potentially supply electronics, automotive and renewable-energy customers through overlapping production capabilities and established distribution networks.

The BOI calculated the dollar equivalent of the latest proposals using an exchange rate of approximately 33.76 baht to the US dollar. The agency, established in 1966, administers investment promotion for both domestic and foreign businesses.

By T N Ashok NEW YORK: The latest diplomatic signals from Washington and New Delhi suggest that a prolonged India–US trade confrontation may finally be approaching a settlement. US President Donald Trump says a deal is close. Secretary of State Marco Rubio, after meeting External Affairs Minister S. Jaishankar in Mumbai on October 20, has […]

The article India-U.S. Trade Deal Draft Is Ready, But Still There Are Few Gaps appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Agoda has received investment promotion from the Thailand Board of Investment (BOI) for International Business Center activity. Agoda’s Bangkok base underscores Thailand’s potential to become a tech talent hub.

Mr. Narit Therdsteerasukdi, Secretary General of the BOI, visited the office at the One Bangkok complex and met Agoda Chief Executive Omri Morgenshtern and senior management. The Bangkok site serves as Agoda’s Global Tech & Operations Hub, with systems developed in Thailand deployed across a platform that lists more than 6 million properties in 39 languages. The company employs more than 8,000 people in 25 markets.

More than half of the Bangkok staff are Thai, while about 2,000 foreign specialists come from more than 80 countries. Roles range from software engineering, data science and AI to product management, marketing and international business management.

“Thailand has a deep pool of skilled people in data analytics, IT and communications, engineering and business management, and an open work culture where people of many nationalities collaborate well,” Mr. Narit said. “Combining Thai and foreign expertise allows the company to place complex, high value-added activities in Thailand while creating opportunities to transfer knowledge, upgrade skills, and build the country’s tech ecosystem over the long term.”

Agoda’s foreign experts get help with visas and work permits in one place. The BOI, the Immigration Bureau, and the Department of Employment facilitate both through the Thailand Investment and Expat Service Center, a one-stop service at One Bangkok, where Agoda’s office is also based. That helps experts from around the world join Thai teams quickly and conveniently. It suits a business that constantly trains, coordinates, and travels internationally.

Agoda also runs a talent pipeline with Thai universities. Its Tech Camp Day, held three times a year, brings in more than 100 students per session, and its internship program takes more than 500 students a year from over 10 universities. More than 20 percent of interns have gone on to join the company.

“Working at a global technology company gives Thai professionals exposure to the standards, tools, and working methods of international teams,” Morgenshtern said. “That experience can be carried into new businesses, startups, and the upgrading of companies across industries, spreading knowledge and supporting Thailand’s long-term economic growth.”

“A global company like Agoda choosing Thailand as its main base for high-skilled technology work is an example of success in attracting investment driven by people and knowledge,” Mr. Narit said. “These investments create high-value jobs and give Thais the chance to work with experts from around the world. The skills they gain today will help them build new businesses and develop the country in the years ahead.”

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

https://www.boi.go.th/en/index/

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

Thailand Board of Investment (BOI)

Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.

Investment Services Center – PR Section, Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax +66 (0) 2553 8222

The two-day summit, inaugurated on Friday at the Brilliant Convention Centre, attracted investment proposals worth approximately ₹5,800 crore, potentially generating more than 10,000 jobs. Separately, five companies received letters of intent for land allocation covering projects valued at ₹9,625 crore.

The proposed semiconductor facility, involving Paras Semiconductors, a subsidiary of Paras Defence and Space Technologies, represents one of the state’s largest identified investments in advanced chip packaging. The company signed a memorandum of understanding with the state government on July 22 for a greenfield outsourced semiconductor assembly and testing plant.

The project is planned for the Indore-Ujjain corridor, where the government has identified approximately 50 acres for development. Its proposed capabilities include advanced packaging technologies associated with increasingly complex semiconductor devices, although commercial production schedules and confirmed manufacturing capacities remain undisclosed.

Advanced packaging allows multiple semiconductor components to be integrated within compact assemblies, improving communication between chips and potentially reducing power consumption. Technologies involving three-dimensional integration are particularly relevant to artificial intelligence accelerators, high-performance computing and specialised processors.

The proposed plant has been described as incorporating sophisticated packaging and testing capabilities. However, claims that it will become India’s first operational 3D artificial intelligence chip packaging facility remain dependent on implementation, technical specifications and the commissioning of competing projects.

Yadav said the summit demonstrated growing interest among technology companies in establishing manufacturing, research and engineering operations in Madhya Pradesh. More than 1,000 delegates participated, including representatives from Japan, South Korea, Taiwan and Sweden.

The investment proposals announced during discussions included ₹1,800 crore from Spintronics AI Semiconductors for phased development and ₹1,200 crore from Lalwala Industries for semiconductor manufacturing and chip design activities.

Other prospective investors included companies operating in electronics manufacturing, semiconductor design, healthcare technology and associated services. The government indicated that the proposals would require further approvals and implementation agreements before their anticipated employment benefits could materialise.

Among the five companies receiving land allocation letters, Cytech RE proposed a ₹6,415 crore hyperscale data centre with a capacity of 50 megawatts at Ganga Malanpur in Gwalior. The project represents the largest individual investment covered by those letters.

Una Ecosystems proposed a ₹2,000 crore lithium-cell manufacturing facility in Bhopal, while Auriga IT Solutions outlined a ₹500 crore global capability centre in Indore. Meena Circuits and Kaynes Electronics proposed electronics manufacturing investments of ₹400 crore and ₹310 crore respectively.

These investments extend beyond semiconductor fabrication and packaging, reflecting the government’s broader effort to attract data infrastructure, electronics manufacturing and technology services. The distinction is significant because the aggregate investment figures announced at the summit encompass several industrial categories rather than semiconductor production alone.

Yadav also announced plans for a Semiconductor Centre of Excellence and a separate Centre of Excellence for Photonics and Quantum Technologies. Both institutions are intended to support research, chip design, innovation and specialised workforce development.

The Madhya Pradesh State Electronics Development Corporation exchanged memoranda of understanding with five institutions, including SEMI India, Semiconductor Laboratory in Mohali and the Electronics Sector Skills Council of India.

The agreements cover technical collaboration, training, research and industry engagement. Their implementation is expected to involve cooperation between government agencies, academic institutions and private companies seeking access to specialised semiconductor expertise.

The state’s Semiconductor Policy 2025 offers financial incentives for eligible projects, including capital assistance and subsidised electricity. Officials have presented these measures as instruments for attracting investment into a sector requiring substantial initial expenditure and dependable infrastructure.

Yadav assured participating companies of administrative assistance, including streamlined approvals, single-window clearances and access to electricity supplies. He also identified the Indore-Ujjain Economic Corridor as a priority location for semiconductor packaging, electronics manufacturing and chip design.

Seven additional companies received letters of intent for office accommodation at the Electronics Complex in Pardesipura, Indore. Their proposed activities include semiconductor design, engineering services, research, artificial intelligence applications and electronics development.

The allocations cover approximately 44,816 square feet and carry projections of 1,280 employment opportunities. Among the beneficiaries are ADT Semiconductors, Spintronics AI Semiconductors, H-Semi Products and Truechip Solutions.

The summit’s programme includes technical discussions on semiconductor supply chains, advanced packaging, fabless chip design, photonics, quantum technologies and workforce requirements, alongside exhibitions involving more than 50 participating companies.

The projects, filed through the first half of 2026, cover multilayer ceramic capacitors (MLCCs), thermal graphite films, high-performance ceramics, battery and fuel-cell materials, neodymium magnets, glass and quartz fabrics for printed circuit boards, and nanomaterials for precision manufacturing. Together they mark a shift for one of Southeast Asia’s largest economies from downstream assembly toward the high-value materials on which future industries are built.

In AI computing and clean energy, lighter, more heat-resistant and more conductive materials determine how well devices perform. MLCCs are essential components in products from smartphones to AI servers, and a single high-end server can use up to 30,000 of them.

“The world is moving toward products that are smaller and lighter, yet stronger and more efficient,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “Producing advanced materials in Thailand is key to building sustainable industrial capacity, reducing reliance on imports, and opening the door for Thai companies to join higher-value supply chains.”

Thailand is already a production base for leading component makers, including Japan’s Murata Electronics, which holds more than 35 percent of the global MLCC market, and Kyocera AVX Components, the world’s top tantalum capacitor maker. Among the new projects, Taiwan’s Fultech Fiber Glass makes glass fabric for printed circuit boards, including high-performance grades for AI servers. Jones Tech produces synthetic and natural graphite films that carry heat away from electronic devices.

Beyond electronics, the projects strengthen supply chains for electric vehicles, batteries, and clean energy, from BGN Thai’s coated foils for lithium-ion batteries and Phinis Well’s neodymium magnets for EV motors to Xinyuan Graphite’s bipolar plates for hydrogen fuel cells.

CoorsTek Advanced Materials, a subsidiary of US-based CoorsTek — a global leader in engineered ceramics for the semiconductor and aerospace industries — has invested in producing ceramics for automotive pressure sensors and silicon nitride balls for hybrid bearings in EVs and wind turbines. Golden Egret Cemented Carbide is making tungsten carbide powders for precision cutting tools, reinforcing Thailand’s base for high-precision manufacturing.

“The advanced materials industry taking root in Thailand today is the foundation of tomorrow’s supply chains in electronics, EVs, batteries, and clean energy,” Mr. Narit said. “The BOI will keep building this investment base, strengthening upstream materials and components, and supporting R&D, technology, and workforce development, to move Thailand from downstream to upstream production and make it the region’s advanced materials hub.”

Note: USD conversions are based on the Bank of Thailand’s average selling rate of approximately 33.76 baht per USD.

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

https://www.boi.go.th/en/index/

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Thailand Board of Investment (BOI)

Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.

Investment Services Center — PR Section, Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax +66 (0) 2553 8222

Exploring Emerging Opportunities in AI, Smart Supply Chain Management, ESG and Sustainability

Free Admission Open for Public Registration Now

HONG KONG SAR – Media OutReach Newswire – 24 October 2026 – Amid the reshaping of global supply chains, the rapid advancement of artificial intelligence (AI) technologies, and the rise of emerging industries such as the low-altitude economy, the logistics industry is entering a new wave of smart transformation. Organised by the Hong Kong Productivity Council (HKPC) and funded by the Logistics Promotion Funding Scheme (LPFS) under the Maritime and Aviation Training Fund of the Transport and Logistics Bureau of the HKSAR Government, LogTech Expo 2026 will take place on 29 October (Thursday) at the InnoCentre in Kowloon Tong. Under the theme “Smart-Driven Transformation, Leading the Future of Logistics”, the Expo will bring together more than 50 logistics, supply chain and innovation and technology enterprises, alongside logistics industry leaders and experts, to share insights through a series of forums and discussions. The event will provide a one-stop platform for the industry to stay abreast of the latest logistics technology trends and developments. Admission is free, and online registration is now open.

As one of the major annual events in Hong Kong’s logistics technology sector, the Expo will feature the latest applications and achievements in smart logistics. From AI and big data analytics, smart warehousing and robotics, and automated supply chain management systems, to cross-border e-commerce logistics, green logistics, new energy transportation and drone delivery solutions, visitors will be able to experience first-hand how technology is reshaping logistics operations and helping enterprises enhance efficiency and competitiveness.

Renowned Enterprises and Organisations Showcase the Entire Smart Logistics Value Chain
This year’s Expo will bring together renowned brands and organisations from the logistics and technology sectors, including SF Supply Chain, Hong Kong Customs and Excise Department, Hongkong Post, Auto-ID Technology, HSM Industrial Solution, Tradelink, GS1 Hong Kong, ShipAny and Axis Communications, showcasing innovative solutions that support digital transformation and intelligent operations across the logistics industry. Visitors can explore the following technology zones:

• AI and Data Applications Zone: Leveraging AI, big data and automation technologies to enhance logistics planning and operational efficiency;
• Smart Warehousing and Robotics Zone: Showcasing intelligent sorting systems, automated warehousing and robotics solutions;
• Smart Supply Chain and Digital Platform Zone: Featuring WMS, TMS and digital supply chain management systems;
• Cross-border E-commerce and Delivery Zone: Showcasing innovative models in global fulfilment and smart delivery;
• ESG and Green Logistics Zone: Focusing on new energy transportation, carbon reduction technologies and sustainable logistics development;
• Low-Altitude Economy Zone: Exploring emerging applications such as drones and last-mile delivery solutions.

Visitors will not only be able to learn how innovative technologies are applied in real-world business scenarios but also engage directly with solution providers and industry experts to explore opportunities for collaboration and transformation.

10 Thematic Seminars and Sharing Sessions Focus on the Future of Logistics
In addition to the exhibition, the Expo will feature 10 thematic forums and technical sharing sessions covering key industry topics including AI, supply chain digitalisation, cross-border e-commerce, the low-altitude economy and logistics innovation.

The opening seminar, “Smart Tools for Logistics: Practical AI Applications and Insights”, will be moderated by Ryan IP, Vice President and Executive Director of the Public Policy Institute of Our Hong Kong Foundation, and feature a panel comprising Professor Kee-hung LAI, Head of the Department of Logistics and Maritime Studies and Chair Professor of Shipping and Logistics at The Hong Kong Polytechnic University; Sunny HO, MH, JP, FCILT, Executive Director of the Hong Kong Shippers’ Council; Keno Tai-yip CHEUNG, President of The Chartered Institute of Logistics and Transport in Hong Kong; and Suki CHEUNG Shuk-ming, Chief Executive Officer of MG Ship. Together, they will discuss how AI can enhance logistics operational efficiency, drive supply chain digitalisation, and support Hong Kong’s development as a smart logistics hub.

In addition, experts from organisations including Profit Sky International Industrial, ShipAny, Tradelink, Axis Communications and GS1 Hong Kong will share real-life business cases, enabling visitors to gain deeper insights into digital twins, cross-border e-commerce, supply chain visibility and AI applications in logistics.

Promoting Cross-sector Collaboration to Shape the Future of Logistics
The Expo is supported by more than 20 industry organisations, including the Airport Authority Hong Kong, Cathay Cargo, Hong Kong Shippers’ Council, Hong Kong Logistics Association, Chartered Institute of Logistics and Transport in Hong Kong, Cyberport and the Logistics and Supply Chain MultiTech R&D Centre. It serves as an effective platform for industry exchange and business matching, fostering innovative collaboration and industry upgrading.

Admission is free. Logistics practitioners, supply chain professionals, manufacturers, e-commerce businesses, technology solution providers, academics, and members of the public interested in the development of logistics technology are welcome to attend.

Event Details
LogTech Expo 2026
Date: 29 October 2026 (Thursday)
Time: 10:00 am – 5:30 pm
Venue: InnoCentre, 72 Tat Chee Avenue, Kowloon Tong
Admission Fee: Free (Advance registration required)
Register Now: https://campaigns.hkpc.org/zh-hk/tc-rsvp-logtech_expo_2026
Exhibitor List: View Exhibitor List

Hashtag: #HKPC

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About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.