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Arabian Post Staff -Dubai Dubai’s toll gate operator Salik reported a net profit of Dhs1.045bn for the first nine months of 2026, down 8.6 per cent from a year earlier, as lower traffic volumes weighed on revenue. The Dubai Financial Market-listed company said on Friday that total revenue declined 6.9 per cent to Dhs2.117bn during the nine months ended September 30. Earnings before interest, taxes, depreciation and […]

By Nitya Chakraborty The resignation of Nvidia CEO Jensen Huang on Thursday over his multiple extra-marital affairs including one with an alleged spy of China and the possibility of investigations into the allegations by the new Democratic Party dominated Congress, have sent shockwaves to the Chinese political leadership, especially to the President Xi Jinping. The […]

The article China Reconciled To U.S. Curbs On Chips Exports, Woos South Korea For Supply appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Dr. Gyan Pathak The Consumer Price Index (CPI) released on November 12, 2026, has just quantified the level of shock people of India had to undergo during festive season in October. Retail inflation year on year basis breached the tolerance level and reached 6.09 per cent, first time in the last two years. Food […]

The article October Food Price Shock Has Far Reaching Consequences appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Dr. Nilanjan Banik The most lurid version of this scandal is the one most likely to mislead. A Silicon Valley titan, a mysterious executive, an affair and a spy agency make a tidy morality tale. The harder truth is that the bedroom drama may matter less than the loophole it exposed. The story goes […]

The article The Honey Trap Is The Headline, The Chip Pipeline Is The Story appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The launch programme includes a one-day trade exhibition, Master of Wine masterclass and Michelin-starred pairing dinner, highlighting Xinjiang terroir.

SINGAPORE – Media OutReach Newswire – 14 November 2026 – Eleven boutique wineries from China’s Xinjiang Uygur Autonomous Region will make their collective Singapore debut on Nov. 19 & 20. This campaign, titled “Xinjiang Wine: A World of Chinese Terroir”, will introduce Southeast Asian sommeliers, importers and fine wine collectors to 68 labels spanning four distinct Xinjiang viticultural subregions.

博格达峰

Organized by the Forestry and Grassland Administration of Xinjiang Uygur Autonomous Region alongside campaign lead Up-Chinese Wine (UCW) and strategic partners Vinexpo Asia and Jin Ting Wan Chinese Restaurant, the tripartite initiative aims to establish an international trade platform bridging production with distribution, expand on-trade dining channels and elevate the regional identity of Xinjiang wine across Southeast Asia.

The showcase features 68 core labels—including 60 domestic and international award winners—presented across three invitation-only trade and gastronomic sessions:

  • Nov. 19 — Gala Pairing Dinner: Hosted at Singapore’s Michelin-starred Jin Ting Wan Chinese Restaurant overlooking Marina Bay, the opening dinner pairs one flagship vintage from each of the 11 participating wineries with bespoke Cantonese fine dining. Jin Ting Wan head sommelier Joe Yang, recipient of the 2026 Michelin Guide Singapore Sommelier Award, will spearhead an ongoing initiative to integrate Xinjiang vintages into the restaurant’s wine program.
  • Nov. 20 — Regional Masterclass: Master of Wine Xing Wei, who curated the lineup for both the gala dinner and educational programming, will lead an analytical masterclass examining the viticultural evolution, macroclimates, soil compositions and varietal profiles of Xinjiang’s four primary wine-producing subregions.
  • Nov. 20 — Trade Exhibition and Walk-Around Tasting: Open by invitation to certified sommeliers, wine importers, distributors, high-end restaurateurs, trade media and collectors, the exhibition enables side-by-side comparative tastings across all 68 labels and 60 award winning wines.

Government Backing and Market Expansion The Singapore debut follows seven policy measures issued by the General Office of the People’s Government of Xinjiang Uygur Autonomous Region to modernize the regional wine sector. The directives focus on upgrading vineyard grape bases, expanding corporate vinification and processing infrastructure, strengthening regional brand equity, advancing wine tourism and industry integration, reinforcing viticultural research and expanding financial guarantees for overseas market entry.

Concurrently, an official delegation from the Forestry and Grassland Administration of Xinjiang Uygur Autonomous Region will conduct market research in Singapore—evaluating local consumption patterns, import regulations and distribution networks—while meeting with major importers, restaurant groups and trade associations to build long-term commercial partnerships.

Four Distinct Terroirs of the Tianshan Mountains Fed by glacial snowmelt from the Tianshan Mountains, Xinjiang’s vineyards span vast geographic distances north and south of the range, producing contrasting mesoclimates and varietal expressions:

  • Turpan-Hami (Tu-Ha) Basin: Characterized by an arid, high-heat continental climate suited to ripe, concentrated styles.
  • Yanqi Basin: Naturally moderated by surrounding mountains and nearby lake systems that temper seasonal extremes.
  • Northern Slopes of the Tianshan Mountains: Home to Xinjiang’s largest wine-producing cluster and a center for modern, large-scale experimental viticulture.
  • Ili Valley: Uniquely tempered by warm, humid Atlantic airflows that create a markedly distinct growing environment.

Participating Wineries The 11 exhibiting producers representing all four subregions are:

Turpan-Hami Basin

  • Puchang Vineyard

Yanqi Basin

  • Château Aroma
  • Tiansai Vineyards
  • Bainian Manor
  • Château Zhong Fei

Northern Foothills of Tianshan Mountains

  • Château Xianghai
  • Château Lixuan
  • Yaochixiye Winery
  • Tangting Xialu Winery

Ili River Valley

  • Silk Road Vineyards
  • Château Crescent

Notes to Editors: Two Millennia of Silk Road Viticulture
Modern Xinjiang producers combine contemporary vineyard management, clonal selection, terroir mapping and international winemaking technology with a viticultural history spanning more than 2,000 years. Historically known as the Western Regions (Xiyu), Xinjiang served as a primary conduit for the east-west exchange of Vitis vinifera and winemaking craft along the overland Silk Road.

Between the third and second centuries B.C., winemaking techniques crossed the Pamir Plateau into oasis kingdoms north and south of the Tianshan Mountains, including Niya, Kucha (Qiuci), Karasahr (Yanqi) and Gaochang. Archaeological discoveries—such as a 2,300-year-old grapevine unearthed at the Yanghai Tombs in Shanshan County, Turpan, and painted pottery bearing grape motifs in Hejing County—date local viticulture prior to imperial envoy Zhang Qian’s 138 B.C. diplomatic expedition, which introduced Vitis vinifera varieties from Dayuan to the Han court. Subsequent artifacts, including Loulan and Astana tomb murals depicting vineyard cultivation and wine pressing, Gaochang tax ledgers recording vineyard acreage and wine levies, and Tang dynasty records of Gaochang tribute wines sent to Chang’an, document an unbroken regional winemaking lineage.

Hashtag: #XinjiangWine

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

Nvidia has placed finance chief Colette Kress in temporary charge following Jensen Huang’s resignation, entrusting a longtime senior executive with managing the artificial intelligence chipmaker through an abrupt leadership change. The company announced on Thursday that Kress, 59, would serve as interim chief executive while retaining her responsibilities as chief financial officer and executive vice-president. Its board has begun searching for a permanent replacement, considering candidates both […]

Featuring a creative collaboration with artist Caroline Romain-Desfossés, the Maison marks its golden milestone with a festive collection inspired by the art of gifting.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 13 November 2026 – Marking 50 years since its founding in 1976, L’OCCITANE en Provence celebrates five decades of Provençal craftsmanship, nature-inspired beauty, and creative expression with its Holiday 2026 collection, Craft the Surprise.
Commemorating this golden milestone, the Maison brings together its heritage and contemporary artistic perspectives through creative collaborations with French artist Caroline Romain-Desfossés and renowned photographer Koto Bolofo. Together, their artistic contributions bring a distinctive visual identity to the holiday season, capturing the spirit of Provence and the artistry behind the Maison’s longstanding traditions.
Centred on the theme of Craft the Surprise, the Holiday 2026 collection explores the meaning of thoughtful gifting through a selection of iconic beauty collections, seasonal fragrances, curated gift sets, and limited-edition creations. From everyday body care to indulgent skincare and home-fragrance rituals, the collection reflects L’OCCITANE’s approach to creating meaningful experiences through products inspired by nature.

50 Years of Craft, Nature and Creativity
Since 1976, L’OCCITANE has drawn inspiration from the landscapes, ingredients and traditions of Provence. Over the past five decades, the Maison has built its identity around the relationship between nature, craftsmanship and sensory experiences, bringing the character of southern France into its beauty and lifestyle collections.
The 50th Anniversary celebration offers an opportunity to revisit these foundations while looking towards the future. For Holiday 2026, this heritage is expressed through the artistic interpretation of Caroline Romain-Desfossés, whose creative contribution adds a contemporary perspective to the Maison’s festive storytelling.
Her collaboration brings an artistic dimension to the Holiday 2026 Advent Calendar, translating the spirit of Provençal festivities into a distinctive design. The collection combines artistic expression with the Maison’s established identity, reinforcing its continued appreciation for creativity and craftsmanship.

Craft the Surprise: A Holiday Collection Inspired by the Art of Gifting
For Holiday 2026, L’OCCITANE brings together its established product collections and seasonal creations, offering a range of gifting options across skincare, body care, hair care, fragrance and home.
The selection features several of the Maison’s signature collections:

Shea Butter – Everyday Nourishment
Recognised for its nourishing properties, the Shea Butter collection features everyday hand and body care essentials. The iconic Shea Butter Hand Cream remains a key gifting option, complemented by smaller formats and curated sets.

Almond – Sensory Body Care
Inspired by the almond groves of Provence, the Almond collection combines distinctive fragrance with sensorial textures. Its range includes shower, body and moisturising products, offering complementary options for a complete body-care routine.

Immortelle – Advanced Skincare
Featuring the Maison’s signature Immortelle ingredient from Corsica, the skincare collection includes targeted formulas designed to support skin radiance and a comprehensive skincare routine. The Immortelle Power Duo brings together complementary products for those seeking a more dedicated skincare ritual.

Hair Care – Everyday Care Rituals
The hair-care selection features complementary cleansing and treatment products, including shampoo and Hair Treatment Serum pairings designed to support stronger, healthier-looking hair.

Home Fragrance – Nuit en Pinède
Extending the gifting selection beyond personal care, the limited-edition Nuit en Pinède collection introduces an aromatic home-fragrance experience inspired by the pine forests of Haute-Provence. Combining peppermint, Scots pine and woody musk, the collection includes a scented candle, diffuser, hand cream, soap and foaming hand wash.

Limited-Edition Fragrances for Holiday 2026
Alongside its signature collections, L’OCCITANE introduces two seasonal fragrance expressions for the holiday period.
Veillée Pralinée captures the warmth of festive gatherings through notes of golden praline, sandalwood and comforting vanilla, creating a rich and inviting fragrance experience.
Nuit en Pinède offers a fresher aromatic interpretation, inspired by the pine groves of Haute-Provence. Its combination of invigorating peppermint, resinous Scots pine and woody musk brings the atmosphere of the Provençal landscape into the home.
Together, these seasonal collections reflect two distinct interpretations of the holiday season, from the warmth of festive gatherings to the freshness of nature.

The Art of Gifting: Personalisation and Discovery in Malaysia
In Malaysia, the Craft the Surprise campaign extends beyond the collection through an in-store gifting experience at KL Midtown, running from 5 November to 31 December 2026.
The activation invites visitors to explore the Holiday 2026 collection, discover curated gifting recommendations and personalise selected gifts. The experience reflects L’OCCITANE’s emphasis on the personal nature of gifting, allowing customers to create thoughtful selections for different relationships and occasions.
The collection is available across a range of price points, from smaller gifting options below RM100 to premium beauty sets and the Maison’s seasonal Advent Calendars.
The Advent Calendar is available in Classic and Prestige editions, each featuring a curated selection of L’OCCITANE products behind its doors. Created in collaboration with artist Caroline Romain-Desfossés, the calendars combine artistic design with the experience of discovering the Maison’s beauty collections throughout the festive season.
A Message from L’OCCITANE Malaysia

Our approach to retail continues to focus on creating meaningful experiences that bring our brand and products closer to our customers. As we celebrate our 50th Anniversary, Holiday 2026 gives us an opportunity to bring together our heritage, creative collaborations, and intentional gifting experiences. Through Craft the Surprise, we hope to encourage customers to discover the collection, explore our signature products, and create more personal gifting moments – whether for themselves or the people who matter to them.”

— Elida, General Manager, SEA

As L’OCCITANE marks five decades of Provençal craftsmanship, Craft the Surprise reflects the Maison’s belief that gifting is an expression of thoughtfulness and connection. The Holiday 2026 collection brings this sentiment to life through the meeting of heritage, creativity and the enduring art of giving.

EDITORIAL REFERENCE & MEDIA INFORMATION
Holiday 2026: Selected Gift Sets and Recommended Retail Prices
Price range
Selected collections
RRP
Below RM100
Hand of Provence Trio
RM70
Orchard Embrace
RM85
Limited Edition 30ml Hand Creams
RM50
RM100–RM199
Provence Travel Essential
RM110
Holiday Crackers Kit
RM150
Nuit en Pinède Scented Candle 180g
RM195
RM200–RM299
Happy Hands Collection
RM240
Nutty Nourishment Almond Set
RM250
Gentle Softness Shea Set
RM275
RM300–RM499
Lasting Body Bliss
RM440
Almond Indulgence
RM455
Cleanse & Reset Skincare Duo
RM480
RM500 and above
Classic Advent Calendar
RM550
Prestige Advent Calendar
RM850
The Classic Advent Calendar has a stated value of RM1,058, while the Prestige Advent Calendar has a stated value of RM1,516 and is limited to 200 pieces nationwide.

Holiday 2026 Retail Activation
Craft the Surprise in Malaysia – Gifting Pop-Up Experience
  • Venue: KL Midtown
  • Campaign period: 5 November – 31 December 2026
  • Experience: Holiday collection discovery, gifting recommendations and personalisation of selected gifts.
Holiday 2026 E-Catalogue

Hashtag: #LOccitaneMY #LOccitaneHoliday #CraftTheSurprise #Gifted


TikTok :

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

L’Occitane Malaysia Sdn Bhd

A Beauty Maison revealing the living force of flora since 1976, L’OCCITANE en Provence draws inspiration from the vibrant nature and cultures of Haute-Provence. The Maison creates skincare, body care, fragrance and home collections formulated in France with botanical ingredients and enhanced by advanced science and an environmentally conscious approach.

Today, L’OCCITANE en Provence shares its philosophy through more than 3,000 boutiques worldwide, 100 spas, 2,500 partner hotels and its own destination hotel, Le Couvent des Minimes, un Hôtel & Spa L’OCCITANE en Provence.

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With Pix, Nequi, and Mercado Pago among the most used payment methods by Eneba’s customers, the operation now covers eight countries in the region

CURITIBA, BRAZIL – Media OutReach Newswire – 13 November 2026 – EBANX, a global technology company specializing in payment services for emerging markets, and Eneba, a Global digital marketplace for video games, have expanded their partnership across eight Latin American countries, building a payment portfolio around the local methods consumers use in each market.

How local payments are driving growth for Eneba in LatAm
How local payments are driving growth for Eneba in LatAm

The partnership began in 2023 across Brazil, Mexico, Colombia, Chile, Peru, Ecuador and Bolivia, with Argentina added the following year. In 2026, the collaboration reached a new milestone: through October, Eneba’s processed volume through EBANX in Latin America grew 138% compared with the same period in 2025, more than doubling year over year.

Since 2023, Eneba has expanded its payment offering in these markets by combining credit and debit cards with alternative payment methods (APMs), including digital wallets such as Mercado Pago and Colombia’s Nequi; instant payment systems such as Pix in Brazil and SPEI in Mexico; and cash-based methods such as Brazil’s Boleto Bancário, Mexico’s OXXO Pay, and Peru’s PagoEfectivo.

“EBANX has been a strong partner in supporting our growth across Latin America. Their consistent performance and extensive coverage of local payment methods have helped us reflect consumer preferences in each market,” said Mantas Eitutis, Head of Payments and Fraud at Eneba.

Local payments as a growth engine

The growth comes as digital payments continue to expand in Latin America. Across the region, about 25% of adults own a credit card, while 51% have already made a digital payment, according to the World Bank. That figure has risen from 34% in ten years, underscoring the growing role of instant payments and digital wallets in online commerce.

Eneba’s results in Latin America reflect that relevance. Throughout 2026, the company recorded consistent growth in transaction volumes across key local payment methods, including Pix in Brazil, Nequi in Colombia, and SPEI in Mexico.

“There is no single payment playbook for Latin America. For global merchants, scaling across the region means understanding the differences and adapting the checkout to how consumers already pay,” said James Booth, VP Commercial at EBANX.
Hashtag: #EBANX #Eneba #Gaming #LatAm #Payments

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

ABOUT EBANX

EBANX is the leading payments platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, EBANX enables global companies to offer hundreds of local payment methods across Latin America, Africa, and Asia. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end-users alike.

For further information, please visit:

Website:
LinkedIn:

ABOUT ENEBA

Eneba is a digital marketplace for video games that has served over 15 million buyers. Founded in 2018, Eneba has rapidly grown into a trusted ecosystem for gamers with game keys, gift cards, and mobile top-ups at the best prices, backed by robust customer support and fraud prevention measures.

For further information, please visit:

Website:
LinkedIn:

The Kerala High Court on Thursday called for medical scrutiny of former Director General of Police Tomin J Thachankary’s hospitalisation during custody, even as he moved to withdraw his application for permission to work abroad. Justice A Badharudeen questioned the circumstances in which Thachankary, convicted in a di…

The cost of obtaining U.S. permanent residency through investment is expected to rise from January 1, 2027, adding urgency for investors who want to file under the current $800,000 EB-5 threshold. The EB-5 Immigrant Investor Program allows qualifying foreign investors, along with their spouses and eligible children, to pursue U.S. permanent residency by investing in a U.S. business that meets job-creation requirements. From January 1, 2027, the […]

By Nitya Chakraborty After the resounding victory of the progressive bloc of the Democratic Party in the November 3 U.S. midterm elections, the centrist dominated Democratic Party establishment has initiated talks with the democratic socialist group mainly led by the senator Bernie Sanders to draw up a joint strategy to fight the beleaguered Republicans led […]

The article U.S. Democratic Leadership Starts Dialogue With Progressive Bloc For Joint Strategy appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Arabian Post Staff -Dubai DP World has transported more than one million container units across the UAE by road and rail since March, while bringing forward the opening of two Fujairah terminals as disruption in the Strait of Hormuz continues to divert shipping. The Dubai-based ports operator said the cargo moved from east coast gateways to Jebel Ali and domestic markets between the first week of March […]

Spain’s first general strike in 14 years disrupted factories, transport and businesses on Wednesday as workers protested soaring housing costs, with demonstrations ending in clashes with police in Madrid and Barcelona. The 24-hour stoppage, organised by major trade unions and supported by tenants’ groups, brought large crowds into city centres ahead of a snap general election on 29 November. Police reported at least 73 arrests nationwide by […]

Trusted Partner for Cross-Border Trade Enterprises Empowering SMEs to Stay One Step Ahead in Global Expansion

HONG KONG SAR – Media OutReach Newswire – 12 November 2026 – Ping An Digital Bank (International) Limited (“Ping An Digital Bank” / “PingAnDB”), a trusted partner for trade enterprises and cross-border e-commerce merchants, is committed to becoming the preferred bank for trade SMEs. By leveraging alternative data and financial technology to optimise credit assessment and loan workflows, Ping An Digital Bank empowers SMEs to take a critical step toward global expansion. Building upon the recent launch of its Purchase Order Financing product, tailored for cross-border e-commerce, Ping An Digital Bank is expanding the product’s application scenarios beyond traditional goods trade into service trade financing. Requiring no physical collateral, eligible enterprises can secure financing simply by presenting valid invoices, directly addresses the need for fast-moving, high-frequency working capital in today’s digital economy.

Mr. Thomas Tung, Chief Business Officer of Ping An Digital Bank, said, “Demand for service trade has grown exponentially in recent years. As more enterprises scale globally, we see surging market demand across logistics service, advertising campaigns, and AI solutions, making service trade financing a new strategic focus for Ping An Digital Bank. Serving as a dedicated partner to trade enterprises and cross-border e-commerce merchants, PingAnDB has consistently applied financial technology to empower SMEs. By deepening our Purchase Order Financing product, we have established a dual-track model of ‘Goods Trade + Service Trade’ that supports the working capital needs of diverse trade formats. This creates a more robust cross-border trade financing ecosystem. Combining our proprietary technology with deep industry expertise, we stand ready to lead cross-border trading SMEs onto the international stage.”

Designed to address the surging demand for service trade driven by the booming digital economy, Ping An Digital Bank’s “Purchase Order Financing – Service Trade Solution” is specifically designed for service providers to obtain working capital quickly and capture dynamic market opportunities. Applicants can secure financing simply by providing eligible invoices and proof of service delivery. Financing of up to USD 5 million is available per buyer, with flexible repayment terms of up to 90 days, and disbursements as fast as the same business day.

Looking ahead, Ping An Digital Bank will continue to uphold its mission, “Always with You. Always Ahead.” PingAnDB will continue to harness fintech capabilities to empower SMEs, enhance the trade financing experience through data intelligence, and roll out innovative solutions to dismantle traditional borrowing barriers. By providing powerful financial backing at every key point across the trade lifecycle – serving as a solid pillar for trade enterprises and cross-border e-commerce merchants alike – Ping An Digital Bank remains dedicated to leading SMEs onto the international stage.

Hashtag: #PingAnDB #PurchaseOrderFinancing #ServiceTradeFinancing

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

Ping An Digital Bank

Ping An Digital Bank (International) Limited (“Ping An Digital Bank,” “PingAnDB”) is a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318). Ping An Digital Bank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer retail banking and business banking services. Backed by Ping An’s advanced technology, Ping An Digital Bank is elevating banking experience, serving customers in Hong Kong and the Greater Bay Area, establishing itself as Ping An Group’s integrated financial platform in Hong Kong.

Renewal provides long-term certainty for ATI to advance investment in port modernisation, innovation and sustainable infrastructure

MANILA, PHILIPPINES – Media OutReach Newswire – 12 November 2026 – Asian Terminals, Inc. (ATI), DP World’s strategic partner in the Philippines, has secured a 25-year renewal of its concession to operate and develop Manila South Harbour, reinforcing its long-term commitment to supporting Philippine trade and economic growth.

A view of Manila South Harbour, operated by DP World's strategic partner Asian Terminals Inc.
A view of Manila South Harbour, operated by DP World’s strategic partner Asian Terminals Inc.

The renewed concession agreement, signed with the Philippine Ports Authority (PPA), will run from May 2038 up to May 2063, providing long-term certainty for the continued development and modernisation of one of the Philippines’ key international trade gateways.

The agreement marks a significant milestone as ATI celebrates its 40th anniversary this year, reflecting four decades of investment in port infrastructure, operational capability and trade connectivity.

Essa Kazim, Executive Chairman, DP World, said:

“The Philippines has significant long-term growth potential and an important role to play in regional and global trade. Realising that potential requires sustained investment in world-class infrastructure that strengthens competitiveness and connects businesses to international markets. This concession renewal provides the certainty needed to plan and invest for decades ahead. It reflects DP World’s belief in the Philippines’ economic future and our commitment to building enduring partnerships that enable trade and support sustainable growth.”

Jason Varsamidis, CEO and Managing Director of DP World Asia Pacific, said:

“The renewal of the Manila South Harbour concession is a strong endorsement of ATI’s track record and the long-term partnership it has built with the Philippine Port Authority. Over four decades, ATI has played an important role in developing the infrastructure that supports Philippine trade, and this agreement provides the foundation to build on that legacy. As ATI’s partner, our focus is now on the next phase of ATI’s development, including investment in capacity, technology and more sustainable operations to ensure Manila South Harbour remains competitive, efficient and responsive to the evolving needs of customers.”

Central to this commitment is future-proofing Manila South Harbour to respond proactively to changing trade patterns, increasing cargo volumes, and the evolving needs of shipping lines, importers, exporters, and the broader logistics community.

This includes capacity expansion, the deployment of greener and more energy-efficient cargo-handling equipment, increased automation, and the adoption of advanced digital technologies to deliver safer, smarter, and more sustainable end-to-end ports and logistics solutions to customers.

Over the past 40 years, ATI has invested more than Php42 billion in developing and modernizing its Philippine port facilities, contributing to the movement of approximately 30 million twenty-foot equivalent units (TEUs) of containers, 57 million metric tons of non-containerized cargo, and 70 million passengers across its operations.
Hashtag: #DPWORLD



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

About Asian Terminals, Inc.

Asian Terminals, Inc. (ATI) is a leading Philippine ports and logistics operator, developer and investor, enabling trade and supporting economic growth through its strategic network of modern trade gateways in Manila, Batangas, Cavite, Laguna and South Cotabato.

Built on four decades of industry experience and powered by a 2,000-strong workforce, ATI combines proven cargo-handling expertise with the global capabilities and world-class standards of DP World, its strategic foreign equity partner, to deliver safe, reliable and efficient services for Philippine industries. Through sustained investment, innovation and responsible business practices, ATI continues to build future-ready port infrastructure that connects industries and communities, grows economies and changes what’s possible for Philippine trade.

DP World

DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 125,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer’s door.

In Asia Pacific, DP World employs over 12,000 people across 22 geographies. We operate 16 ports and terminals, complemented by a comprehensive suite of end-to-end supply chain solutions – to connect the region to the rest of the world.

WE MAKE TRADE FLOW

Hong Kong Daily Mood Index Stands at 54.5; Over 80% of Respondents Report a Positive Impact of Fragrance on Mood

HONG KONG SAR – Media OutReach Newswire – 11 November 2026 – Eternal Beauty Holdings Limited (the “Group”; Stock Code: 6883.HK) today released “Scent, Emotion and Lifestyle: 2026 Hong Kong Daily Mood Index and Fragrance Trends White Paper” (the “White Paper”) at the 29th edition of Cosmoprof Asia. An online survey conducted by Eternal Beauty Holdings in September recorded a Hong Kong Daily Mood Index of 54.5, with respondents scoring relatively higher on positive mood and lower on energy and rest. Over 80% of respondents reported that fragrance had a positive impact on their everyday mood. Alongside the launch, the Group presented its “Scent of Happiness” campaign, exploring the connections between fragrance, self-care and emotional well-being through the Scent & Mood Relax Hub and a panel discussion. Through initiatives delivered in partnership with its collaborators, the Group also supports emotional well-being and extends its commitment to care into the community.

2026 Hong Kong Daily Mood Index & Fragrance Trend White Paper Launch.jpg

The panel featured speakers from diverse fields, including Ms. Laurinda Ho, Founder of Smile With Us HK; Mr. William Lam, Clinical Advisor to the Mind HK Tai Po Mental Health Support Programme; and Mr. Chris Chu, CRM & Partnership Manager at Eternal Group. Moderated by Mr. Matt Chung, Curator and Cultural Commentator, the discussion explored different perspectives on fragrance’s role in daily life and offered practical self-care advice. The report also provides practical guidance for local retailers and fragrance brand owners on integrating scent and technology into retail spaces to enhance the customer experience, reflecting Eternal Group’s commitment to building and leading the fragrance industry ecosystem.

Community initiatives under the “Scent of Happiness” campaign include three community events co-organised with Smile With Us HK for children, families and older adults; sponsorship of 80 sessions of iACT mental health support provided by Mind HK; and three relaxation and sensory sessions featuring neuroVIZR’s synchronised light-and-sound experience. Through these initiatives, the Group supports emotional well-being in the community, demonstrating its commitment to corporate social responsibility.

Ms. Wendy Lau, Executive Director of Eternal Beauty Holdings Limited, said in her opening remarks: “Fragrance is more than a sensory experience—it expresses how we choose to live. Three years of White Paper research have shown that fragrance has become part of Hong Kong consumers’ daily routines. As a leader in the fragrance industry, we combine consumer insights, innovative technology and community partnerships through our ‘Scent of Happiness’ campaign, translating our commitment to self-care and emotional well-being into concrete action and creating long-term value for the industry and society.”

Positive Mood Scores Highest, While Rest and Vitality Are Relatively Lower
The survey explored respondents’ positive feelings and experiences over the preceding two weeks using five indicators, each scored out of 100. “Cheerful and in good spirits” scored highest at 58.4, followed by “Calm and relaxed” at 55.9 and “Everyday life is interesting or fulfilling” at 55.2. Scores for “Active and energetic” and “Refreshed and well rested” were relatively lower, at 52.7 and 50.4 respectively.

The eight-point gap between “Cheerful and in good spirits” and “Refreshed and well rested” was the largest among the five indicators, suggesting stronger positive emotional experiences relative to rest and energy levels.

Over 80% Report a Positive Impact of Fragrance on Mood; Usage Frequency Is Associated with the Daily Mood Index
The survey found that 81.3% of respondents reported a positive impact of fragrance on their everyday mood: 28.4% reported a very positive influence and 52.9% a slightly positive influence.

In terms of usage frequency, 71.7% of respondents used fragrance several times a week or more, while 46.5% used it almost every day. Frequent users recorded a Daily Mood Index of 55.8, compared with 51.1 among other respondents—a 4.7-point difference indicating an association between fragrance usage frequency and the Daily Mood Index.

By demographic group, frequent-use rates were 73.9% among women and 62.5% among men. Rates exceeded 70% across all age groups from 25 to 54, reaching 76.1% among those aged 45–54. Among respondents with a personal monthly income of HK$30,001–40,000, the frequent-use rate reached 83.6%.
Note: “Frequent use” refers to using fragrance several times a week or more.

“Scent, Emotion and Lifestyle: 2026 Hong Kong Daily Mood Index and Fragrance Trends White Paper” is based on an online survey of 433 Hong Kong consumers conducted in September 2026. Its six key findings are outlined below. The full White Paper is available here.

1. Fragrance is part of daily life, with over seven in ten using it several times a week or more
94.2% of respondents reported using fragrance products. Among those who answered the usage-frequency question, 71.7% used fragrance several times a week or more, classified as frequent users; 46.5% used it almost every day.

2. The Daily Mood Index stands at 54.5
The 2026 Hong Kong Daily Mood Index recorded 54.5 out of 100. “Feeling cheerful and in good spirits” scored 58.4, compared with 50.4 for “feeling fresh and rested”—an eight-point gap reflecting generally insufficient rest among respondents despite positive emotional experiences.

3. Over 80% Report a Positive Impact of Fragrance on Mood
81.3% of respondents felt that fragrance positively influenced their everyday mood, including 28.4% who reported a very positive influence.

4. Frequent fragrance users record a higher Daily Mood Index
Frequent fragrance users recorded a Daily Mood Index of 55.8, compared with 51.1 among other respondents—a 4.7-point difference indicating an association between frequent fragrance use and a higher Daily Mood Index.

5. Frequent fragrance use extends beyond younger generations
Frequent-use rates exceeded 70% across all age groups from 25 to 54, reaching 76.1% among those aged 45–54, indicating that regular fragrance use spans different adult age groups.

6. Fragrance use goes beyond enjoying a pleasant scent
55.0% of respondents cited “helping them relax” as a reason for using fragrance, while 52.5% selected “lifting their mood”, highlighting fragrance’s emotional value beyond scent preferences.

Panel Discussion Explores Scent, Self-Care and Emotional Wellness
Following the White Paper launch, the Group hosted “Scent, Self-Care and Emotional Wellness”, a panel discussion at CosmoTalks at the Hong Kong Convention and Exhibition Centre. Building on the White Paper’s exploration of fragrance and everyday mood, the discussion moved from survey findings to practical approaches to supporting emotional well-being in daily life. Laurinda Ho, Founder of Smile With Us HK, said, “At Smile With Us HK, we hope to bring positive energy to the wider community through activities organised in partnership with Eternal Group.” Mr. William Lam, Clinical Advisor for the Tai Po Mental Health Support Project at Mind HK, said, “Self-care is an important part of maintaining good mental health. Enjoying a fragrance that brings you pleasure and evokes happy memories can be a simple starting point for self-care.”

Scent & Mood Relax Hub: A Sensory Experience Bringing Together Fragrance and Technology (Booth: 5G-G3G)

The Group also introduced the Scent & Mood Relax Hub, featuring perfumes and home fragrances from its portfolio of international and niche brands. Combining fragrance with neuroVIZR’s synchronised light and sound experiences, the Hub offers an immersive sensory journey centred on four themes: “Relax”, “Focus”, “Better Sleep” and “Creativity”.

Looking ahead, Eternal Group will remain committed to the art of living, drawing on consumer insights and the strengths of its international and niche brand portfolio. Through a diverse range of products, including perfumes and home fragrances, the Group will respond to consumers’ fragrance and everyday self-care needs. It will also integrate innovative technology to enhance fragrance experiences, broaden fragrance use across lifestyle settings and capitalise on market opportunities. Through its ongoing “Scent of Happiness” campaign, the Group will deepen cross-sector partnerships and bring the art of living into community care, creating long-term value for consumers, partners and the community.

Hashtag: #EternalGroup

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

About Eternal Beauty Holdings Limited (Stock Code: 6883.HK)

Eternal Beauty Holdings Limited is the largest perfume group (apart from brand-owner perfume groups) in China (including Hong Kong and Macao) in terms of retail sales in 2023*. It primarily sells and distributes products procured from third-party brand licensors, and deploys market for these brand licensors, offering such services as brand management, and designing and implementing customized market entry and expansion plans for their brands. The Group boasts large and diversified brand portfolios that include not only perfumes, but also color cosmetics, skincare products, personal care products, eyewear and home fragrances. As at 30 September 2026, it conducted product distribution and market deployment for a total of 82 external brands, including Hermès, Van Cleef & Arpels, Chopard, Albion and Laura Mercier, with products in different pricing tiers and of versatile features that meet the differentiated demands of consumers in Chinese Mainland, Hong Kong and/or Macao. (*Data source: Frost & Sullivan)

Leading 10 Park Companies to Expand Overseas and Deepen Collaboration with Singapore

HONG KONG SAR– Media OutReach Newswire – 11 November 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) has successfully concluded its inaugural participation at Singapore Urban Mobility Week 2026 (SUMW 2026), organised by the Land Transport Authority (LTA) of Singapore from 4-6 November 2026. This mission also marked HKSTP’s first dedicated overseas pavilion focused on the theme of “Smart Mobility”.

HKSTP leads 10 park companies to participate in "Singapore Urban Mobility Week 2026" for the first time, establishing its inaugural overseas pavilion themed around "Smart Mobility" to empower Hong Kong tech ventures in expanding across Southeast Asia.
HKSTP leads 10 park companies to participate in “Singapore Urban Mobility Week 2026” for the first time, establishing its inaugural overseas pavilion themed around “Smart Mobility” to empower Hong Kong tech ventures in expanding across Southeast Asia.

Leading a delegation of 10 outstanding park tech ventures, HKSTP showcased Hong Kong’s cutting-edge R&D capabilities in smart transit, autonomous driving, passenger experience, and intelligent transport solutions. The initiative actively unlocked international partnerships and commercial opportunities, reinforcing Hong Kong’s firm positioning as an international innovation and technology hub.

Through this delegation, HKSTP further solidified its strategic partnership with Singapore government authorities while expanding multifaceted collaborations with local commercial partners across land transport operators, urban rail networks, and major transport hubs.

Notably, Mr. Ng Lang, Chief Executive of the Land Transport Authority (LTA) of Singapore, visited the HKSTP Pavilion, acknowledging the immense potential of park ventures to integrate into Singapore’s smart mobility ecosystem. Additionally, HKSTP hosted the “HKSTP Global Mixer – Mobility & Logistics in Singapore” networking event, gathering over 100 representatives from the Hong Kong Economic and Trade Office in Singapore, InvestHK, HKTDC, park ventures, and Singaporean industry leaders to foster multi-party dialogue and cross-border exchange.

Mr Terry Wong, Chief Executive Officer of HKSTP, said: ” HKSTP is committed to empowering tech ventures to scale globally. Debuting our first overseas smart mobility pavilion provides a targeted strategy that opens doors for park companies to connect directly with local authorities, industry leaders, academia, and investors. This initiative highlights Hong Kong’s unique role as a gateway for cross-border collaboration and a ‘super-connector’ and ‘super value-adder’. HKSTP will continue to expand its network across Southeast Asia and deepen long-term collaboration between Hong Kong and Singapore in smart city and transport technologies, reinforcing Hong Kong’s position as an international innovation and technology hub.”

HKSTP has been actively driving cross-regional collaborations in recent years to provide comprehensive support for park ventures expanding into Southeast Asia and international markets, delivering remarkable results. Moving forward, HKSTP will continue to leverage its strength as a “two-way gateway” to lead more outstanding tech ventures beyond Hong Kong, deepen global commercial and technical matchmaking, and empower them to achieve tangible business breakthroughs in overseas markets.

Click here to download high-res photos

Hashtag: #HKSTP #HongKongScienceandTechnologyParksCorporation

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

By Satyaki Chakraborty Taking into account the continuing severe air pollution in Delhi and other parts of North India, China has offered India collaboration in clean technologies linked with the expansion of manufacturing base in the country. Global Times, the official organ of the Chinese Communist Party has analysed the nature of the air pollution […]

The article China Offers Clean Technologies To India To Deal With Severe Air Pollution In Delhi appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Astronomers have identified a giant exoplanet whose passages across its star disappeared from telescope observations after seven years, apparently because the gravitational pull of an unseen neighbouring planet shifted its orbit out of Earth’s line of sight. The finding, announced by the University of California, Los Angeles, on 9 November, concerns TOI-2535 b, a gas giant approximately 1,000 light-years away. Researchers describe it as the first confirmed […]

WellEra’s vision for wellness-led residential living takes form through the Capella-branded residences, where BDMS’ expertise in preventive healthcare and scientific wellness meets Capella’s design sensibility and personalised hospitality.

BANGKOK, THAILAND – Media OutReach Newswire – 11 November 2026 – WellEra, a THB 29 billion Wellness-Integrated Ecosystem developed by BDMS Wellness Clinic under Bangkok Dusit Medical Services Public Company Limited (BDMS), is bringing its vision for wellness-led residential living to life through its collaboration with Capella Hotel Group, with Capella Residences Bangkok at WellEra as Thailand’s first Capella-branded residences.

Infographic WellEra and Capella Bring Together (EN - Newswire)

WellEra approaches residential living differently by bringing Scientific Wellness into the environment where everyday life happens. Drawing on more than five decades of medical experience and more than 20 years of preventive medicine expertise through BDMS Wellness Clinic, it connects medical science and preventive healthcare with the spaces and routines that shape daily life.

Building on BDMS Wellness Clinic’s 6S Strategy, WellEra extends the framework into “6S+ Surrounding”, adding physical-environment factors including air, water, light, sound and thermal comfort. Rather than treating wellness as a collection of amenities, these principles are embedded into everyday living through features such as MERV-14 air filtration, circadian-friendly lighting and STC-60 sound insulation.

“BDMS has decades of expertise in healthcare and Scientific Wellness, but creating a residence requires a different kind of expertise — in hospitality and service excellence. That is why finding the right partner with genuine expertise was so important,” said Dr. Tanupol Virunhagarun, Chief Executive Officer – Group 8 (BDMS Wellness Clinic, BDMS Wellness Resort, BDMS Silver), Bangkok Dusit Medical Services Public Company Limited (BDMS).

BDMS Wellness Clinic provides the medical and scientific wellness foundation, while Capella brings Precision in Living through three complementary strengths: design intelligence, personalised hospitality and bespoke service. At Capella Residences Bangkok, this philosophy translates an understanding of each resident into intuitive, discreet experiences shaped around their routines, preferences and privacy.

Yet this vision extends beyond the expertise of two brands. As Thailand’s first Capella-branded residences, the development also draws upon five defining strengths of Thailand: rich natural landscapes, celebrated cuisine, gracious hospitality and cultural heritage, time-honoured traditional medicine, and world-class medical excellence. Within WellEra, these strengths come together through health-supportive design and systems (Hardware), integrated wellness and lifestyle services (Software), and dedicated medical expertise complemented by personalised hospitality (Humanware). Together, they shape a residential experience in which wellness is seamlessly woven into everyday life.

“The science, the ecosystem, the idea that wellness isn’t something you visit but something you live, is exactly what drew us to this partnership with BDMS. What Capella brings is the ability to take a vision of this scale and make it felt,” said Mr. Roland Fasel, President of Capella Hotel Group.

What makes WellEra distinctive is not BDMS or Capella alone, but how Scientific Wellness, preventive healthcare, personalised hospitality, Thailand’s strength in care and hospitality, residential living and the wider ecosystem are brought together to work as one. Here, these disciplines meet in the same place, creating a more connected approach to well-living centred on the individual.

By bringing together BDMS’ expertise in Scientific Wellness and preventive healthcare with Capella’s thoughtful design and personalised hospitality, WellEra gives shape to a vision of home that cares for the individual. Rooted in Thailand’s spirit of care, this vision comes to life in the moments that matter: the ease of feeling understood, the comfort of restful sleep, and the freedom to live each day well. WellEra is scheduled to fully open in 2030.

Hashtag: #WellEra #BDMSWellnessClinic #Wellnessrealestate #TheDNAofWorldWellLiving #Living

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

India is examining ways to replace ageing wind turbines with larger machines, seeking more electricity from established wind farms while avoiding some of the land acquisition difficulties slowing new renewable energy projects.

The proposal has gained fresh attention following an assessment published on Tuesday by Climate Policy Initiative, which identifies opportunities to upgrade older installations across major wind-producing states. The research ranks Maharashtra, Gujarat and Tamil Nadu as the strongest candidates for early repowering efforts, although commercial and regulatory obstacles remain.

Repowering involves removing smaller turbines and installing modern equipment with taller towers, wider rotor diameters and greater generating capacity. The approach can increase electricity production at established locations, where wind resources, access roads and connections to the electricity network may already be available.

The National Institute of Wind Energy estimates that turbines rated below two megawatts represent approximately 25.4 gigawatts of potential repowering capacity across eight states. That figure describes existing capacity eligible for assessment, rather than additional electricity generation already secured or projects approved for replacement.

Climate Policy Initiative said Maharashtra ranked highest in its readiness assessment, followed by Gujarat and Tamil Nadu. Andhra Pradesh, Rajasthan and Karnataka occupied subsequent positions, while Madhya Pradesh ranked lowest among the states evaluated. Its methodology considered wind resources at 150 metres, the scale of existing repowering opportunities, terrain suitability and the financial health of electricity distribution companies.

The assessment comes as the government seeks to expand wind capacity substantially. Installed wind capacity reached approximately 58 gigawatts by July 2026, according to figures cited by the researchers, while planning projections envisage around 155 gigawatts by 2035. Achieving that expansion will require new projects alongside more productive use of existing sites.

Land availability has become an important constraint, particularly where promising wind locations overlap with agricultural activity, settlements or infrastructure. Developers also face delays securing access routes and transmission connections. Upgrading operational wind farms could reduce the need for entirely new sites, although larger machines may still require revised land agreements, stronger foundations and additional grid investment.

The Ministry of New and Renewable Energy established a national repowering and life-extension policy in December 2023. It permits replacement of turbines below two megawatts, equipment reaching the end of its design life and machines that fail applicable quality requirements. Projects may also qualify on commercial grounds after 15 years of operation.

Under the policy, repowering should increase annual electricity generation by at least 50 per cent compared with the existing installation. Refurbishment, an alternative to replacement, allows operators to extend equipment life through component upgrades, subject to safety and performance assessments.

Renewable Energy Minister Pralhad Joshi asked industry associations in June to assess the country’s ageing turbine fleet and identify replacement opportunities. He called on the Wind Independent Power Producers Association and the Indian Wind Turbine Manufacturers Association to submit their findings within 30 days. No comprehensive results of that exercise were established in the material available publicly.

A separate assessment issued on 2 November by The Energy and Resources Institute identified repowering as one of several pathways for expanding wind generation. Its recommendations include preparing an inventory of existing turbines, identifying priority sites and developing coordinated replacement projects linked to transmission planning.

The institute estimated theoretical onshore wind resources of approximately 1,210 gigawatts at a height of 150 metres and 2,934 gigawatts at 200 metres. Those resource estimates are not forecasts of economically viable installations and depend on subsequent site assessments, infrastructure and commercial conditions.

Industry participants face practical difficulties in combining neighbouring turbine plots, negotiating with multiple owners and arranging electricity purchase contracts for upgraded projects. Existing supply agreements may offer prices that complicate investment decisions, while distribution companies must determine how additional generation will be purchased and settled. Financing must also account for dismantling costs, construction interruptions and whether older transmission equipment can accommodate substantially higher output from fewer turbines.

The Global Wind Energy Council has identified land acquisition, right-of-way permissions, grid access and power purchase agreements among barriers to development. Its market assessment also anticipates continued interest in replacing older installations in Tamil Nadu, Maharashtra and Gujarat.

Gujarat’s renewable energy policy already contains provisions addressing replacement of older turbines, including requirements tied to the operating life of projects. Implementation ultimately depends on site-specific approvals, ownership arrangements and the capacity of local electricity networks to absorb increased output.

South Korea’s Fair Trade Commission has imposed a record 1.63 trillion won ($1.2 billion) in penalties on 15 banks and securities firms for colluding in government bond auctions over three and a half years.

The competition watchdog announced on Wednesday that the institutions exchanged confidential bidding information across 150 Treasury bond auctions between January 2020 and June 2023. It found that participants went beyond sharing information to coordinate specific bids in 145 auctions, undermining competition in a market central to government borrowing.

The penalties, totalling precisely 1.626575 trillion won, are the largest imposed by the commission in a single case. The regulator also issued corrective orders and decided to refer seven of the institutions for criminal investigation over their involvement in the arrangements.

Those facing referral are Mirae Asset Securities, NH Investment & Securities, Industrial Bank of Korea, KB Securities, Kiwoom Securities, Korea Development Bank and Korea Investment & Securities. The referrals are separate from the financial penalties and do not themselves constitute criminal convictions.

KB Securities received the largest individual penalty, approximately 332.18 billion won, followed by NH Investment & Securities at about 242.79 billion won and Mirae Asset Securities at roughly 214.83 billion won. Seven institutions were each assessed penalties exceeding 100 billion won.

The commission said traders at competing institutions contacted one another by telephone and messaging applications shortly before auction deadlines, exchanging intended yields and bidding quantities. Some discussions occurred just one or two minutes before bids closed, leaving little time between the coordination and submission of offers.

Investigators found that information sharing had become an established practice among participating dealers. Contact details for counterparts at rival institutions were passed to replacement staff during handovers, while internal operating instructions documented arrangements for comparing prospective bidding yields.

Kim Geun-seong, a standing commissioner at the Fair Trade Commission, said the institutions had restricted competition through agreements or exchanges involving bidding yields and quantities. The watchdog determined that the conduct artificially increased successful auction yields, reducing bond prices and raising the government’s financing costs.

A higher yield means the state must offer investors a greater return to borrow money. The commission considers competitive price formation particularly important because government bond yields influence the pricing of other debt instruments and wider financial market interest rates.

The regulator did not disclose a definitive monetary estimate of the additional borrowing costs attributable to the conduct. Its findings therefore establish the direction of the alleged market distortion without assigning a precise fiscal loss to the auctions examined.

The sanctioned group comprises 10 securities companies and five banks. Alongside the seven institutions referred for investigation, the securities firms include Kyobo Securities, Daishin Securities, Meritz Securities, Samsung Securities and Shinhan Securities. The other banks are KB Kookmin Bank, NongHyup Bank and Hana Bank.

All 15 were primary dealers, institutions authorised to participate directly in competitive Treasury bond auctions. Their status gives them a significant role in distributing government securities and establishing prices in the primary market. The investigation covered 15 of the 18 primary dealers operating during the period concerned.

The commission’s decision follows an extended examination of conduct under South Korea’s competition legislation. Its assessment distinguished the exchange of sensitive bidding information from explicit agreements on the terms submitted, while treating both as restrictions on independent competition.

Financial institutions have questioned whether the penalties adequately reflect the structure of the government bond market, where primary dealers purchase securities at auction before distributing them to investors. One representative of a sanctioned institution indicated that the company would consider its response after receiving the regulator’s written decision.

The final penalties were substantially below amounts considered at an earlier stage of the proceedings. The commission took account of the dealers’ intermediary role and the margins available from transactions, rather than treating the entire value of bonds handled as profit from the conduct.

The commission said agreements could be reached within seconds, illustrating how routinely the traders communicated. Its examination also identified one auction involving an agreement on bidding quantities, alongside the broader pattern of directly coordinated yields that affected the competitive process.

The regulator said it would maintain strict enforcement against collusion affecting public-sector transactions. Separately, the finance ministry’s November issuance plan provides for approximately 12 trillion won in Treasury bond sales through competitive bidding, underscoring the continuing importance of the auction mechanism.

Arabian Post Staff -Dubai Dubai has emerged as the preferred city for long-term investment among UAE residents, with 84 per cent selecting it ahead of London, New York and Singapore in a survey released on Monday. The Ipsos research, commissioned by Dubai-based property technology company PRYPCO, found that New York and Singapore each attracted 5 per cent of respondents, while London received 3 per cent. The findings […]

Arabian Post Staff -Dubai Sukuk issued in Saudi Arabia, Qatar and Kuwait were the most liquid among Gulf Cooperation Council markets in early November, Fitch Ratings said, despite a temporary disruption linked to Houthi attacks in late October. The three countries recorded an average liquidity score of about 57 on a 100-point scale, placing them ahead of other GCC issuers covered by the ratings agency. Trading conditions […]

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