By Prosenjit Biswas, Head of Marketing at Masdar EOR How can a foreign company hire employees in the UAE without setting up its own local entity? This is a common situation for international companies entering the UAE. You may want to hire one employee, build a small team, mobilise people for a project, or simply test the UAE market before committing to establishing your own company. The […]
U. S. forces struck three Iranian crude oil tankers on Saturday after Iran’s Islamic Revolutionary Guard Corps fired ballistic missiles towards two American Navy warships, escalating a renewed exchange of attacks around the Gulf and Strait of Hormuz. U. S. Central Command said an American aircraft carrier and a guided-missile destroyer evaded multiple Iranian attacks while patrolling regional waters. No American personnel were harmed, it said. The […]
The Gulf’s events and hospitality sectors are expanding at a pace few regions can match, and much of that growth is being carried on the backs of a workforce that barely existed in its current form a decade ago: flexible, on-demand talent. From five-star product launches in Dubai to sprawling exhibitions in Riyadh, the ability to scale a team up or down within days has become just […]
The launch ceremony was officiated by key guests including Professor Sun Dong, Secretary for Innovation, Technology and Industry; Ms Cordelia Chung, Chairman of HKSTP; Mr Kelvin Choi, Permanent Secretary for Innovation, Technology and Industry; Mr Lyu Feng, Deputy Director-General of the Economic and Financial Department II of the Liaison Office of the Central People’s Government in the HKSAR; Mr Ivan Lee, Commissioner for Innovation and Technology; and Mr Terry Wong, Chief Executive Officer of HKSTP. They were joined by representatives and scholars from local and overseas universities, international research organizations, R&D centres, and industry partners to witness the launch of SEAM@InnoHK and explore its R&D roadmap and industrial application prospects.
Building a Flourishing Ecosystem to Empower R&D Commercialisation
As the largest I&T ecosystem in Hong Kong, HKSTP provides comprehensive professional support and resources to the R&D centres under SEAM@InnoHK. This encompasses world-class R&D infrastructure, seamless connections with academic institutions, talent pools, and investor networks, as well as matchmaking with funding and industry partners—empowering teams to transform breakthrough research into scalable, high-impact commercial solutions.
Ms Cordelia Chung, Chairman of HKSTP, said: “InnoHK has been with the Science Park for 5 years and this is the start of the second 5-year period. What we can see is that InnoHK has demonstrated the power of collaboration amongst world eminent scholars, researchers, and global partners. The first two clusters, Health@InnoHK and AIR@InnoHK have delivered world-class achievements. We commit to provide all the support we can to the InnoHK teams, as your success will add to the heartbeat of the ecosystem—not only for HKSTP, but for Hong Kong’s entire innovation landscape.”
Gathering Global Scientific Excellence to Drive Breakthroughs
The eight R&D centres under SEAM@InnoHK have brought together over 30 top global universities and research institutions, including the University of Cambridge, École Polytechnique Fédérale de Lausanne (EPFL), Nagoya University, National University of Singapore, Tsinghua University, and Peking University.
Notably, three R&D centres feature collaborations with Nobel Laureates: Professor Ben L. Feringa from the University of Groningen (2016 Nobel Laureate in Chemistry), who participates in the research at the InnoHK Centre of Functional Materials for Energy and Sustainability (CFMES); Sir Konstantin Novoselov, renowned as the “Father of Graphene” from the National University of Singapore (2010 Nobel Laureate in Physics), who serves as principle investigator for the Inno Centre for Heterogeneous Integration and Production (CHIP); and Professor Hiroshi Amano from Nagoya University (2014 Nobel Laureate in Physics), who participates in research at InnoHK Power Semiconductors and Applications Center (PowerSAC). This stellar international scientific lineup highlights Hong Kong’s unique advantages in assembling world-class research talent, fostering cross-border collaboration, and driving technological innovation, further consolidating its status as a global hub for research cooperation.
InnoHK is a flagship I&T initiative of the HKSAR Government aimed at developing Hong Kong into a global hub for scientific research cooperation. It encourages world-leading universities and research institutes to conduct collaborative research with local institutions by establishing R&D centres in Hong Kong. Together with “Health@InnoHK”, focusing on healthcare technologies and “AIR@InnoHK”, focusing on AI and robotics technologies, the three InnoHK research clusters will further enrich Hong Kong’s world-class scientific landscape, accelerating technology transfer, startup incubation, and the growth of the I&T industry.
Introduction to the Eight SEAM@InnoHK R&D Centres (For details, please refer to the Appendix):
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 and has built a proven foundation as Hong Kong’s leading innovation and technology (I&T) ecosystem. Established for 25 years, HKSTP is supporting 14 unicorns, has nurtured more than 17,000 research professionals and built a community of over 2,400 technology companies from 26 countries and regions across four strategic technology clusters: Life and Health Technology, AI and Data Science, Micro-electronics, and New Energy and Green Technology.
As an ecosystem orchestrator, HKSTP provides end-to-end support to attract and nurture talent, accelerate commercialisation and help technology ventures scale. Its innovation infrastructure spans over 240 hectares covering Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long, advancing Hong Kong’s vision for new industrialisation and smart manufacturing.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, strengthens cross-border collaboration by connecting Hong Kong, the Chinese Mainland and global innovation networks and propels Chinese innovators onto the world stage, while also delivering comprehensive GBA landing support to accelerate cross-border success for local and international ventures.
As HKSTP enters its next chapter with strong foundations, it continues to deepen impact, elevate quality and create value for innovators. As an ecosystem built to lead change, HKSTP is empowering Hong Kong to define what comes next in innovation, growth and opportunity.
More information about HKSTP is available at 
www.hkstp.org.
DUBAI, UAE – Media OutReach Newswire – 27 August 2026 – The Middle East’s EV market is growing quickly, but it remains far from saturated. Electric car sales in the region reached about 75,000 units in 2025, up more than 40% year on year, according to the International Energy Agency[1]. The UAE alone accounted for almost half of regional EV sales, while Saudi Arabia and Qatar together represented nearly 45% of regional demand.
SUV performance that means business
The Middle East has a long-standing appetite for SUVs, and the VF 8 speaks that language in electric form. Its dual-motor all-wheel-drive system produces up to 402 horsepower and 620 Nm of torque in the Plus version, while the Eco delivers 349 horsepower and 500 Nm.
The numbers translate into brisk performance, with the VF 8 Plus targeting 0-100 km/h in less than 5.5 seconds and the Eco at 5.9 seconds. Both versions use an 87.7-kWh usable battery, with claimed NEDC ranges of up to 476 km for the Plus and 493 km for the Eco. DC fast charging from 10% to 70% takes a listed 31 minutes.
Going electric does not require giving up the urge to put your foot down. Actual range and performance will vary with driving style, passengers, load, tires, weather and road conditions.
A cabin that takes comfort seriously
Performance may get attention, but the cabin is where drivers spend most of their time. The VF 8 comes with a 15.6-inch infotainment display, two-zone automatic climate control, air-quality control and cabin filtration with an air ionizer.
The Plus adds 12-way powered driver’s seat adjustment with heating, ventilation and memory, alongside a heated and ventilated front passenger seat and heated, ventilated and reclining rear seats. A panoramic sunroof, heated power-adjustable steering wheel and 10-speaker audio system with a subwoofer round out the package.
The technology continues through the companion app, which supports remote vehicle controls, driver profiles, driving statistics and vehicle diagnostics. Over-the-air updates can also deliver software improvements without a workshop visit.
Ownership support that lasts beyond the test drive
A fast-growing EV market also means buyers are asking practical questions surrounding ownership: charging, servicing, repairs and battery longevity.
The VF 8 addresses those concerns with a 10-year or 200,000-km vehicle warranty and a 10-year unlimited-kilometer battery warranty. The package also includes five years or 100,000 km of free service, 24/7 mobile services and roadside assistance, access to DC fast charging and a parts supply target of 24 hours in key markets.
VinFast is also expanding the infrastructure behind that promise. At its 2026 Global Business Conference, the company signed MOUs with 29 aftersales partners, including partners serving the Middle East, and set a target of more than 1,100 service workshops globally in 2026.
For a region where EV adoption is accelerating, the VF 8 arrives with a familiar formula: SUV proportions, plenty of power and a cabin designed for comfort. The electric bit is new; the reasons to want the car are rather more familiar.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
The Finalists’ collections showcase innovative approaches to tackling textile waste, transforming discarded leather offcuts, secondhand hardware and industrial waste through reconstruction and upcycling techniques, while exploring next-generation materials such as biodegradable fruit leather and ethical non-livestock wool to reimagine raw materials for circular fashion.
Organised by Redress and supported by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region as Lead Sponsor, the Redress Design Award invites the public to discover the tactile beauty of circular fashion through its latest photoshoot and cast their votes to champion sustainable fashion while empowering the next generation of circular design talents.
The photoshoot: sensory storytelling
Photographed by acclaimed Hong Kong creative Paul Sunga with hair by Davines and makeup by MakeupBees, the photoshoot celebrates the creative decisions behind each Finalist’s collection, highlighting the unique textures, craftsmanship and natural imperfections of their materials while underscoring why design matters: 80% of a garment’s environmental impact is determined at the design stage[1].
“The Finalists of the Redress Design Award are proving that thoughtful design can transform textile waste into something beautiful. Getting up close to these garments, you see how every material choice, texture and technique tells a story, reminding us that the biggest opportunity to reduce fashion’s environmental impact begins at the design stage. I can’t wait for people to discover these collections through the photoshoot and vote for their favourite,” says photoshoot photographer Paul Sunga.
The Finalists’ collections are transported from overseas to Hong Kong for the photoshoot and upcoming Grand Final using DHL Express’ GoGreen Plus service. This service helps reduce greenhouse gas emissions through a Book & Claim mechanism, where the environmental attributes of Sustainable Aviation Fuel (SAF) are allocated to participating shipments. Made from alternative raw materials with a lower-emission energy profile, such as used cooking oil, waste and hydrogen, SAF can reduce the air transport shipments’ lifecycle greenhouse gas emissions by around 80 percent compared with conventional jet fuel.
Find out who wins at the grand final show
The People’s Choice Award winner will be announced at the Redress Design Award 2026 Grand Final Fashion Show, along with the coveted first prize including a week-long trip to the UK to connect with leading voices in sustainable fashion through a visit to Simple Approach’s Manchester operations to gain insight into responsible fashion design, development, and manufacturing, and an intensive experience with the team at luxury womenswear brand Roksanda to work on an upcycling design project.
The Redress Design Award 2026 Grand Final Fashion Show is open to an exclusive in-person audience and will be livestreamed globally on 2 September 2026 (Wednesday), at 5pm HKT / 11am CET via Facebook and WeChat. Save the date here.
Alumni showcase at centrestage open to public
Redress will also present a total of six Redress Alumni brands as part of both the Grand Final Fashion Show, and at a showcase of Alumni brands at CENTRESTAGE in Hong Kong from 2–5 September 2026 (Wednesday–Saturday, 11am–7pm) supported by DHL. Industry professionals and the public alike are all welcome to come, meet designers, and see up close their sustainable, waste-reducing collections.
The Redress Design Award 2026 Photoshoot Credits
Hashtag: #Redress
The issuer is solely responsible for the content of this announcement.
Redress (www.redress.com.hk) is a Hong Kong-based, Asia-focused environmental NGO with a mission to accelerate the change to a circular fashion industry by educating and empowering designers and consumers so as to reduce clothing’s negative environmental impacts.
www.redressdesignaward.com) is the world’s leading sustainable fashion design competition that educates and empowers emerging fashion designers about circular design techniques to reduce fashion’s negative environmental impacts. Organised by Hong Kong-based, Asia-focused environmental NGO Redress since 2011, the competition partners with academic institutions globally and attracts designer applicants from over 50 countries and regions to win prizes that connect them with global-leading fashion businesses to accelerate the change to a circular fashion industry. www.ccida.gov.hk), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA’s strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia’s creative capital and our positioning as the East-meets-West centre for international cultural exchange.
Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.
The London-headquartered banking group said it will help qualifying customers integrate HKDAP into financial and commercial operations. Planned applications include money-market fund subscriptions, settlements with asset managers, transfers between entities within the bank’s international network and cross-border payments.
The move gives HKDAP a major banking distribution channel less than two weeks after Anchorpoint began its limited institutional rollout on August 12. The stablecoin, whose name stands for HKD At Par, is designed to maintain a one-to-one value with the Hong Kong dollar and is currently available through a controlled beta programme.
Standard Chartered is the majority shareholder in Anchorpoint, which was established with HKT and Animoca Brands. The venture received one of Hong Kong’s first stablecoin issuer licences in April, alongside HSBC, following the introduction of the territory’s Stablecoins Ordinance in August 2025.
Standard Chartered’s role as distributor is distinct from Anchorpoint’s function as issuer. Under Anchorpoint’s business-to-business-to-consumer model, authorised distributors provide access to the token after conducting customer onboarding and know-your-customer checks. That structure is intended to connect regulated tokenised money with banks, exchanges, asset managers, companies and, eventually, individual users.
Access remains restricted during the beta stage to corporates and professional investors. Anchorpoint aims to broaden availability to retail users as early as the end of 2026, subject to operational and market readiness.
HKDAP currently operates on the Ethereum mainnet. Its reserves are held under a trust arrangement for token holders, with Standard Chartered Trustee acting as trustee. The token does not pay interest and is not positioned as an investment product. Instead, it is designed as digital cash for payments, settlement and movement of funds.
Early activity remains deliberately limited. Anchorpoint disclosed circulation of HK$522,000 and transaction volume of HK$658,160 as of August 19, with reserve assets of about HK$1.62 million. Issuance over the preceding 30 days totalled HK$524,130, while HK$4,170 had been redeemed. The small amounts reflect the controlled institutional testing phase rather than a mass-market launch.
The distribution agreement nevertheless represents an important step towards commercial use. Standard Chartered plans to introduce additional HKDAP applications over the coming month, expanding beyond experiments into transactions that could demonstrate whether regulated stablecoins can reduce settlement times and connect conventional banking infrastructure with blockchain-based markets.
The bank has been accelerating its digital-asset strategy across several areas. It already provides institutional trading in deliverable spot Bitcoin and Ether, has expanded digital-asset custody services and has developed blockchain-based settlement and collateral arrangements. In July, it also launched integrated institutional access to Circle’s USDC minting and redemption infrastructure.
Standard Chartered’s scale could give HKDAP a distribution advantage. The group operates across 55 markets and reported total assets of about $993.4 billion at the end of June 2026, up from roughly $920 billion at the end of 2025. First-half operating income reached a record $11.6 billion, while pre-tax profit rose to $4.8 billion.
Hong Kong’s regulated stablecoin experiment is taking shape cautiously. The monetary authority has imposed capital, reserve-management, redemption, governance, anti-money-laundering and risk-management requirements on licensed issuers, seeking to distinguish supervised fiat-backed tokens from the less regulated stablecoins that dominate global cryptocurrency trading.
HSBC, the other initial licensed issuer, is preparing its own Hong Kong dollar stablecoin for launch during the second half of 2026. The entrance of two globally significant banks places Hong Kong among the jurisdictions attempting to develop regulated alternatives to dollar-denominated tokens such as USDT and USDC, which account for the overwhelming majority of global stablecoin activity.
HKDAP’s first commercial targets centre on areas where settlement speed can offer measurable benefits. Tokenised investment products can potentially be subscribed to and redeemed using programmable money without waiting for traditional banking hours. Cross-border corporate transactions and intragroup treasury transfers could similarly move continuously while maintaining a direct link to regulated fiat reserves.
xAI’s Grok chatbot has begun producing nonsensical strings of words for some users, exposing a reliability problem at a time when the company is rapidly expanding the capabilities and reach of its artificial intelligence models. The malfunction has affected a subset of people using Grok Lite through Grok. com, with complaints emerging from Wednesday, August 19. Instead of answering prompts normally, the chatbot has returned paragraphs consisting […]
Mr Munafò joined Allianz Trade in 2015 as part of the Multinationals team and has spent over a decade shaping the company’s commercial strategy across four regions. Rising through key account management roles spanning MMEA, APAC, and Northern Europe – including his appointment as Regional Account Director for Northern Europe in 2021 – he was named Group Head of Broker Management and Partnerships in 2025, where he was responsible for defining and executing Allianz Trade’s global commercial and distribution strategy and strengthening broker partnerships across multiple regions. Mr Munafò holds an MBA from POLIMI Graduate School of Management (Politecnico di Milano) and a degree in Law from Università Bocconi with a major in Public Sector and Law.
On this appointment, Rodrigo Jimenez, Regional CEO at Allianz Trade in Asia Pacific, says: “Over the past decade, Scott has built extensive experience across various regions, demonstrating a strong track record in growing commercial portfolios, building strategic partnerships, and maintaining exceptional customer retention. His international experience, commercial leadership, and deep understanding of our business make him exceptionally well positioned to lead our China operations. I am confident that, together with the local management team, Scott will successfully drive our growth ambitions and deliver continued success in this important and fast-growing market.”
Mr Munafò remarks: “Allianz Trade has been part of China’s trade story for nearly two decades – built on the strength of our team, our partners, and our customers who have trusted us through every cycle. I am honoured to be entrusted with what so many have built together. My commitment is simple: to keep listening, to keep creating lasting value and to ensure the next chapter sets a new standard.”
Hashtag: #allianztrade #tradecreditinsurance
https://www.allianz-trade.com/en_HK.html
https://www.linkedin.com/company/allianz-trade-apac/
The issuer is solely responsible for the content of this announcement.
Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,900 employees. In 2025, our consolidated turnover was EUR4 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit allianz-trade.com.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 19 August 2026 – As chronic conditions such as diabetes, cardiovascular disease and chronic kidney disease continue to affect Malaysians, early detection is becoming increasingly important in reducing complications and improving long-term health outcomes.
These conditions are closely interconnected across the Cardio-Kidney-Metabolic spectrum, meaning that a problem affecting one area of health may also increase the risks to other parts of the body. However, many individuals may not recognise these risks until their condition has progressed or complications have developed.
One such complication is hyperkalemia, a condition characterised by elevated potassium levels in the blood. Hyperkalemia is more common among people living with chronic kidney disease because impaired kidneys may have lower ability to remove excess potassium from the body. As the condition may not always present noticeable warning signs, it remains under-recognised by the public and may lead to serious complications affecting the heart’s rhythm if not appropriately identified and managed.
Recognising the need to strengthen early detection and public awareness across the Cardio-Kidney-Metabolic (CKM) spectrum, Alpro Group, in collaboration with AstraZeneca Malaysia, announced the launch of #AreYourKidneysOK+?, a nationwide awareness campaign dedicated to encourage early detection, promoting kidney health, and raising awareness of hyperkalemia.
This nationwide initiative aims to empower Malaysians to better understand the connection between their heart, kidney and metabolic health, while bringing greater attention to hyperkalemia as an often-overlooked complication associated with chronic kidney disease.
At the heart of the campaign is a subsidised blood screening programme aimed at encouraging more Malaysians to take an earlier and more proactive approach to their health. Eligible individuals will receive subsidy on selected blood test packages, to reduce financial barriers in screening and to support the earlier identification of potential Cardio-Kidney-Metabolic and health risks.
The campaign aims to reach 12,550 individuals across Malaysia, a shared commitment by Alpro Group and AstraZeneca Malaysia to turn public health awareness into meaningful action.
Beyond providing financial support for screening, the campaign creates a more accessible pathway for Malaysians to learn about their potential health risks, undergo appropriate screening and speak to their healthcare professionals about the next steps they may need to undertake.
To extend the campaign’s reach beyond physical pharmacy locations, the initiative is supported by a dedicated digital health education platform containing trusted and easy-to-understand information about hyperkalemia, including its causes, risk factors, possible warning signs and relationship with chronic kidney disease.
The platform serves as a public health resource that Malaysians can access at any time, helping individuals and caregivers better understand hyperkalemia and prepare for more informed conversations with pharmacists, doctors and other healthcare professionals.
Through Alpro Group’s community healthcare network, members of the public will also have greater access to pharmacist support and guidance. Alpro pharmacists can help individuals better understand the importance of screening, recognise relevant risk factors and seek appropriate medical assessment or follow-up when necessary.
“Many chronic health risks develop quietly and may only be discovered after complications have occurred. Through this campaign, we want to make preventive healthcare more accessible by connecting public education, affordable screening and professional healthcare support. By targeting 12,550 Malaysians, we hope to encourage more people to take an earlier and more proactive step towards understanding their heart, kidney and metabolic health,” said Dr. Ng Ming Lee, Medical Director of Alpro Clinic.
“As chronic kidney disease remains a significant public health challenge in Malaysia, this collaboration reflects a shared commitment across the healthcare ecosystem to strengthen public awareness of kidney health and bring health education closer to the public. Through Alpro Group’s nationwide network, we aim to help more Malaysians learn about relevant risk factors and have informed conversations with healthcare professionals to support appropriate assessment and follow-up,” said Dr. Svetlana Yanchuk, Country President, AstraZeneca Malaysia.
Through this collaboration, Alpro Group and AstraZeneca Malaysia reaffirm their shared commitment to advancing preventive healthcare by combining greater public awareness, accessible screening and professional healthcare support.
The campaign also demonstrates the important role that community pharmacies can play in supporting wider public health efforts by providing Malaysians with convenient access to health education, early screening opportunities and trusted professional guidance within their communities.
Members of the public are encouraged to learn more about hyperkalemia by visiting www.alpropharmacy.com/pages/hyperkalemia or by speaking to an Alpro pharmacist.
References
1. KDIGO Controversies Conference. Potassium Homeostasis and Management of Dyskalemia in Kidney Diseases. Kidney International (2020). [kdigo.org]
2. National Kidney Foundation. High Potassium (Hyperkalemia): Causes, Symptoms, and Treatment (updated 2025).
Hashtag: #AlproPharmacy #AlproGroup #AreYourKidneysOK+?
The issuer is solely responsible for the content of this announcement.
Founded in 2002, Alpro Group’s ecosystem has grown to include Alpro Pharmacy, Apotek Alpro, Alpro スギ (Sugi) Pharmacy, Alpro Physio, Alpro Clinic, Alpro Baby, Alpro OptiSaver, Alpro Audiology, Alpro Health, and Alpro Foundation. Supported by a team of more than 1,000 healthcare professionals, including doctors, pharmacists, nutritionists, dietitians, physiotherapists, optometrist and many others, Alpro serves over 5 million families in Malaysia and Indonesia through its extensive network of 500 physical outlets.
Alpro Pharmacy is the first and only community pharmacy in the region to offer product liability insurance of MYR 1 million in Malaysia and IDR 3 billion in Indonesia, ensuring the supply of genuine medications and enhancing consumer trust.
With the vision of a healthy and vibrant world, Alpro Group aims to become the No. 1 prescription pharmacy chain in Southeast Asia.
AstraZeneca is a global, science led biopharmaceutical company focused on the discovery, development, and commercialisation of innovative medicines that transform patient outcomes. Headquartered in Cambridge, United Kingdom, the company operates in more than 100 countries and plays a significant role in advancing modern healthcare through research driven innovation and strategic partnerships worldwide.
Guided by its purpose to push the boundaries of science to deliver life changing medicines, AstraZeneca prioritises long term investment in research and development. The company’s global strategy is built on deep scientific expertise, advanced technology platforms, and precision medicine approaches, including biologics, antibody drug conjugates, and data driven drug discovery. These capabilities enable AstraZeneca to address complex diseases and unmet medical needs with increasing accuracy and effectiveness.
SINGAPORE – Media OutReach Newswire – 19 August 2026 – tridorian today announced the launch of its Gemini Enterprise Experience Center in Singapore, a new physical space designed to help enterprise leaders explore how AI can support measurable business outcomes across functions such as operations, customer service, sales, finance, and internal knowledge work.
Located in tridorian’s Singapore office, the Gemini Enterprise Experience Center is intended to move the conversation beyond one-off AI experiments and feature-led demos. Instead, the center is designed around the practical questions that many organizations are now asking: which business problems should we solve first, how can AI fit securely into our existing systems and data, and what would an enterprise-ready path from idea to implementation look like.
Powered by Gemini Enterprise, including the Gemini Enterprise App and Gemini Enterprise Agent Platform, the center showcases how enterprises can securely connect business data, support multi-step workflows, and apply governance and oversight as AI use matures across the organization. Google Cloud describes Gemini Enterprise as an end-to-end system that combines secure connectors, workflow automation, governance, and identity controls, while the Agent Platform provides the foundation to build, scale, govern, and optimize enterprise-grade agents grounded in enterprise data.
Visitors to the center are guided through business-outcome narratives tailored to their role and priorities. A customer service leader might explore how AI can help reduce handling time while improving consistency. An operations leader might examine how multi-step workflows can reduce manual overhead. A CIO or risk leader might focus on governance, visibility, data controls, and the appropriate level of human involvement required for a production setting.
The center currently includes a live demo environment, which serves as a working example of how complex orchestration can be presented as a business workflow rather than a standalone chatbot interaction. In Google’s current product language, that shift reflects a broader move from isolated AI tasks towards governed systems that can support complex, multi-step work processes.
Jimmy Jigmo, CEO of tridorian said, “Most AI demos look impressive. Very few connect to the work that actually matters. The Experience Center exists because enterprise leaders don’t need more features. They need clarity on where AI fits, what governance looks like, and how to move from experiment to outcome.”
The center also offers structured workshops that guide teams from mapping business priorities and exploring role-based use cases to planning next steps like a pilot or MVP. This practical format aligns with Google Cloud’s Singapore agenda, focusing on immediate, real-world business results.
“Organizations today are moving beyond the initial excitement of AI and are now seeking solutions that are secure, governed, and fundamentally aligned with their operational realities,” said Giri Babu Madathala, Head of SMB Partnerships, JAPAC, Google Cloud. “Security and governance are no longer optional; they are the foundation upon which effective AI must be built. tridorian’s Gemini Enterprise Experience Center addresses this by providing customers with a sophisticated, hands-on environment to move from high-level experimentation to tangible results. It allows them to experience firsthand exactly how Gemini Enterprise can be integrated into their specific, real-world business workflows to drive meaningful operational efficiency”
For Singapore enterprises, this matters because AI adoption is increasingly judged not by novelty alone but by whether it can support productivity, decision quality, operational efficiency, and governance simultaneously. Singapore’s own responsible AI guidance stresses explainability, transparency, fairness, and appropriate human oversight, while enterprise examples such as DBS show that measurable value comes from disciplined implementation rather than hype.
Evan Febrianto, CTO, tridorian added “This is a place for leadership teams to explore where AI can make a difference in their business, what the right controls look like, and how to move from experimentation to enterprise implementation with greater clarity.”
Hashtag: #tridorian #technology #business #google #AI #cloud
https://tridorian.com/https://www.linkedin.com/company/tridorian/
The issuer is solely responsible for the content of this announcement.
tridorian is a Google Cloud-focused services and solutions company helping organizations modernize platforms, AI, data, and applications. As a people-centric and an outcome-focused Google Cloud Premier Partner, tridorian specializes in building secure, governed AI systems designed for production. With operations spanning eight countries and customers across 14, tridorian ensures that technology only succeeds when the people using it do.
Reach out at tridorian.com/contact to discuss your business challenges and schedule a visit to tridorian’s Gemini Enterprise Experience Center.
Matein Khalid I feel as if I am no longer skating on thin ice with the AI bubble on Nasdaq but now tiptoeing on a minefield that could well explode at any moment under my feet. Why this premonition of imminent disaster? It is clear that Iran is going to humiliate President Trump and not do any kind of a deal to open the Strait of Hormuz […]
BANGKOK, THAILAND – Media OutReach Newswire – 18 August 2026 – The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB), comprising the Thai Bankers’ Association, the Board of Trade of Thailand, and the Federation of Thai Industries, in collaboration with the Ministry of Finance, the Bank of Thailand, the National Economic and Social Development Council (NESDC), and the World Bank, has announced its readiness to convene a high-level leadership conference, ‘The Bangkok Business Summit 2026,’ under the theme ‘Reinvent Thailand, Resilient ASEAN.’
To be held at the Queen Sirikit National Convention Center (QSNCC), the summit will showcase the vision of public-private sector collaboration aimed at restructuring Thailand’s economy. This event serves as a milestone paving the way toward the IMF-World Bank Group Annual Meetings 2026, which Thailand will proudly host in Bangkok in October 2026, as well as Thailand’s upcoming ASEAN Chairmanship in 2028.
A key highlight of The Bangkok Business Summit 2026 includes a keynote address entitled ‘Thailand’s Offer to the World’ by Mr. Anutin Charnvirakul, Prime Minister of Thailand. The address will declare Thailand’s readiness as a global investment hub, shifting the nation from cost-based competition to enhancing capabilities, innovation, and digital infrastructure. Furthermore, Dr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, will deliver a policy address on ‘Unlocking the Next Growth Engines for Thailand & ASEAN,’ revealing policy reform steps designed to unlock private sector investment and drive the country’s new economic engines. Professor Dr. Yodchanan Wongsawat, Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation, will address positioning Thailand as a regional investment platform for high-tech industries.
Mr. Payong Srivanich, Chairman of the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB), stated that this event aims to answer a critical question: How can Thailand transform global shifts and its central location in ASEAN into new opportunities for investment, job creation, and sustainable growth?
“The Bangkok Business Summit 2026 is not merely a platform for exchanging perspectives, but a venue where Thailand presents its concrete strengths, opportunities, and development directions to the global business community—bridging the government’s vision, recommendations from international organizations, and the practical expertise of the private sector,” Mr. Payong stated.”Thailand’s challenge today is not just growth, but building competitive growth in a rapidly changing world. We need a platform for collaborative efforts to ‘Reinvent Thailand’ by creating new economic engines and elevating our competitiveness so Thailand can capture new opportunities and become an integral part of a ‘Resilient ASEAN’ capable of adapting to global dynamics.”
Key Highlights & Session Overview
Afternoon Tracks
Additionally, the Bangkok Business Summit 2026 will feature a panel discussion titled ‘The Future of Agrifood Business.’ Under the concept of Elevating to a Regional Strategic Asset, leaders from top companies including Sea Value PCL and Olam Agri (Singapore) will share their perspectives on how Thailand’s agrifood industry is evolving beyond its traditional role as the ‘Kitchen of the World’ to become a vital strategic asset for regional food security, and another discussion on ‘The Future of the Human-Centric Economy,’ integrating health, wellness, tourism, and the creative economy centered around people rather than isolated sectors. Panelists include Minor International, Bangkok Dusit Medical Services (BDMS), and Cerecin.
Closing & Actions
To conclude the summit, leaders from the three JSCCIB member organizations will summarize actionable proposals to transform insights into concrete practices. These encompass enhancing competitiveness, building investment ecosystems, and developing future industries. The event will culminate in the signing of a Letter of Intent for Cooperation on the Digital & AI Compact between Thailand’s economic agencies and the World Bank.
Note: Speakers and the event program are subject to change without prior notice due to unforeseen circumstances. We apologize for any inconvenience and appreciate your understanding.
Hashtag: #JSCCIB
The issuer is solely responsible for the content of this announcement.
Seasonal Highlights & Product Features:
1. Indoor Organization & Aesthetics for “La Rentrée”
2. Late-Summer Garden Relaxation & Early-Autumn Prep
3. End-of-Summer Outdoor Adventures for Kids
Hashtag: #Garvee
The issuer is solely responsible for the content of this announcement.
GARVEE is a lifestyle brand dedicated to enhancing everyday life through a diverse catalog of home, garden, and outdoor products. We are committed to providing durable, affordable, and family-friendly solutions that turn every corner of your home into a space where you can truly relax and thrive, making every day feel just a little more effortless.
Arabian Post Staff -Dubai President Donald Trump has urged Americans to tolerate higher gasoline prices as the economic cost of stopping Iran from acquiring a nuclear weapon, while escalating tensions by saying he would soon declare the Strait of Hormuz US territory. Speaking in Garden City, New York, on Friday, Trump acknowledged the pressure that rising fuel costs were placing on households but argued that preventing Tehran […]
2Q26 Business and Financial Highlights
Mr. Bobby Sheng, Chairman of Bora Group, stated, “We are pleased to announce Bora Group’s return to strong operating profits and double to triple-digit growth on all key margins sequentially, as well as demonstrate that our soft 1Q26 performance was anomalous rather than structural. Our impressive sequential improvement was driven entirely by strong demand from both our CDMO and Pharma Sales businesses, with 2Q26 manufactured batches reaching 0.38 billion doses, led by increased commercial production in Maple Grove and Zhunan sites and a full quarter of operations in the Maryland injectable facility, while our flagship products DLS and VIGAFYDE® in Pharma Sales continues to secure leading market share.
Our focus right now is execution. CAPEX investments in our mature sites, including facilities in Taiwan and in Canada, continue to deliver operational leverage driven by gross margin expansion, and our recently acquired oral solid dose facility in Maple Grove continues to show stellar and impactful demand as we sign more projects. Our 12-month rolling backlog is at historic high in almost all our sites, despite projected manufacturing delays at our Maryland injectable facility as we diligently respond to FDA audit observations from a recent audit. Bora Group’s commitment to the fast-growing Biologics manufacturing industry took another big step as we look to integrate 12,000 liters of capacity, and 3 commercial products from our Rockville facility, as well as see revenue recognition from this acquisition starting Q3. As Bora’s CDMO footprint expands in the US, we continue to capture durable, high-value demand as customers increasingly prioritize supply security and onshore capacity.
In addition, we are seeing sustained growth and improved gross margins in the Vigabatrin franchise, our most important, rare disease franchise, thanks to renegotiations with our partner vendors. Accelerated state and government orders for generics products increased 2Q26 revenues and 6 new generics launches have also supported a more diversified generics portfolio. Together, the advancement in rare disease franchise and generics business has positioned Bora’s Pharma Sales business, operating under the name Upsher-Smith, in a far stronger state than it was just a quarter ago.
As announced in July, we are excited to be developing a group-wide AI in Manufacturing program, BORA AIM, aimed at improving process efficiency across sites, spanning engineering, quality and production. We also announced a partnership with Insilico Medicine to enhance our understanding of AI drug discovery and create more customized AI manufacturing platforms for AIDD small molecules. In the next 12 months, Bora Group will be ready to showcase some exciting AI-enabled CDMO platforms that will truly add value to our partners and sharpen the overall competitive advantages of Bora Group.
As our momentum carries Bora into the second half of the year, we expect margins of our flagship products in Pharma Sales and CHC businesses to hold steady on continuous revenue growth, and improved efficiencies in the CDMO business in addition to consolidation of new revenues from the Rockville facility.”
2Q26 Operational Achievements & 2026 Outlook
Global CDMO Operations
Revenues increased 30.3% year-over-year and 29.0% quarter-over-quarter including internal orders, and 33.0% and 40.2% external orders only, or NT$2,116.4 million. The growth was primarily driven by a strong rebound in injectables following the semi-annual maintenance in 1Q26 and same period last year, and demand acceleration overall as we continue to meet the increasing backlog.
CDMO business also signed a record high US$378.2 million in total external wins. Highlighted by a 10+2-year, multi product commercial contract in our Maple Grove facility with a new top-20 pharma company, and 14 new molecules from pre-commercial programs from multiple new customers. Bora is confident in its mid- to long-term growth trajectory as pharma and biotech companies continue to look for US based CDMOs as a part of their efforts to onshore US production and improve supply chain resilience.
During the quarter, 0.38 billion doses, or 109 molecules, were developed and manufactured. Contribution from the top 20 global pharmaceutical companies stood at roughly 30% and should increase drastically in the next 8 quarters.
Looking at 3Q26, the Company is highly optimistic, with our backlog having climbed to an unprecedented level even after a strong quarter of manufacturing output. We do anticipate some timing shifts in revenue recognition related to scheduled semi-annual maintenance at our Maryland injectable site, alongside targeted quality-enhancement activities in connection with observations on passive RABS (Restricted Access Barrier System) line received from an FDA audit that took place 2Q26. However, there has been no reduction in total commercial batch productions in 2026 as we speak and several existing clients have initiated transfers to the FlexPro isolator filling lines. RFP activity has risen, with the first GMP PPQ campaign starting in August. On the newest, isolator-based AST lines, factory acceptance testing (FAT) is planned for Q326, with qualification to follow in 2027, expanding our ability to onboard small-scale isolator programs, including tech transfers.
On biologics, Rockville facility revenue recognition started in the first month of 3Q26 and the site has confirmed that it is on track to deliver batch production volumes ahead of last year’s run rate of around 13 batches for the remainder of 2026. We anticipate one-time transaction costs from this acquisition of approximately 3% of the purchase price including legal and FA fee and transition related expenses as stated in the Transition Service Agreement. The Rockville acquisition expands biologics capacity and brings integrated drug substance (DS) and drug product (DP) capabilities under one roof, strengthening our end-to-end service offering and attracting more inbound opportunities and higher value conversion with cross selling opportunities for our injectable business.
For our strategic investment in Tanvex Biopharma, the main Bora Biologics platform company, although the business still operates at a loss, Tanvex has built a strong presence in international conferences, especially Bio International in the US in June. We have seen a positive uptick in pipeline from leading biotechs and heavy weight biopharmas, and stable demand for early-stage PD programs in Zhubei. The Rockville acquisition is expected to orchestrate and accelerate opportunities for Tanvex in the coming quarters.
Pharma Sales Operations
Revenues decreased 2.7% year-over-year and increased 30.4% quarter-over-quarter, arriving at NT$2,934.04 million in 2Q26. The year-over-year decrease was mainly due to a product rationalization program in 2025 that lead to the withdrawal of a basket of legacy generics products.
During the quarter, specialty and brand came in strongly, up 58.8% for the quarter QoQ and displayed almost 50% growth against 2025 run rate. The rare-disease Vigabatrin franchise demand is robust, and our continuous investment in the segment has resulted in much broader patient access compared to when we acquired Upsher-Smith 28 months ago. On coverage, we are on track to achieve year-end formulary goal of >50%, supported by more regional plans and strong physician adoption as they gain experience with VIGAFYDE®. The Company has also renegotiated contracts with suppliers, leading to improved gross margins for the franchise during the quarter and expects full economic contribution starting 3Q26. Simultaneously, the Company out-licensed its non-core assets, Stiripentol generics and 505(b)(2), during the quarter, fully capturing the economic value of these drug assets to enable fueled and renewed focus on core specialty and brand business.
The generics business returned to stability as Upsher-Smith successfully defended flagship product DLS. High value generics advanced 20.6% sequentially from downstream restocking, narrowing the year-to-date YoY decline against 2025 run rate to high teens.
Having executed our way through specialty and brand business growth and generics portfolio optimization, we have returned to the 2023–2024 peaks of Pharma Sales performance but with healthier and more resilient operating profits. As of now, Upsher-Smith sees 6 ANDA pending approval.
CHC Operations
Bora Group has increased holdings of Sunway Biotech to 42.27% through a private placement at $NT 596 million. Subsequently, Sunway completed the acquisition of Weider Global Nutrition (WGN), a global nutritional supplements company with offices in the US, Spain, and Germany and products sold in over 60 countries. Benefitting from the consolidation of WGN that started in May, Consumer Health business totaled NT$824.76 million in 2Q26, a 354.4% increase QoQ and 234.3% YoY. Focusing on longevity and sports nutrition, WGN’s distribution strength is expected to meaningfully contribute to the CHC business in 2026 and beyond and shall deliver vertical-integration synergies to Sunway’s existing ingredients’ manufacturing operations. Together, the WGN acquisition is expected to catapult Sunway Biotech into a leading global nutritional supplements company and substantially accelerate top and bottom-line improvements in the future.
Recent Investor Conference
Bora will host English online earnings call at 8:00 a.m. Taiwan time on Aug. 14th, 2026. The event will cover the Company’s 2Q26 financial and business results and 2H26 outlook.
English Online Earnings Presentation Link: https://teams.microsoft.com/meet/225504163505748?p=UyyncWl1CnOzjBCNKD
Bora will participate in Goldman Sachs 2026 CDMO day in Singapore in Sept. For 1:1 meetings with management, please contact your GS representative.
Bora 2026 Earnings Schedule
Q3 2026: Expected in the 2nd week of Nov 2026
Q4 2026: Expected in the 2nd week of Mar 2027
Hashtag: #BoraGroup
The issuer is solely responsible for the content of this announcement.
Founded in 2007, Bora Pharmaceuticals (“Bora” or “the Company”, 6472.TW and BORAY.OTCQX) is a leading pharmaceutical services company with a vision and goal of “Contributing to Better Health All Over the World”. Operating under a “Dual Engine” model that integrates CDMO and commercial expertise, we empower pharmaceutical and biotech partners to optimize product development, accelerate launches, and scale supply to meet global patient needs. At the same time, we actively broaden R&D and sales infrastructure, focusing on niche and rare disease markets to improve patients’ quality of life.
By investing in talent, infrastructure, and biologics expansion, Bora continues to transform operations and achieve sustainable growth. Committed to making success “certain,” Bora sets new standards in the pharmaceutical and CDMO industries.
For more, please visit:
https://www.bora-corp.com
https://www.boracdmo.com
Disclaimer:
This document and the accompanying information may contain forward-looking statements. All statements regarding the company’s future business operations, potential events, and prospects (including but not limited to forecasts, targets, estimates, and operational plans) are considered forward-looking statements unless they refer to factual occurrences. Forward-looking statements are subject to various factors and uncertainties that may cause significant differences from actual results, including but not limited to price fluctuations, actual demand, exchange rate variations, market share, competitive conditions, changes in the legal, financial, and regulatory framework, international economic and financial market conditions, political risks, cost estimates, and other risks and variables beyond the company’s control. These forward-looking statements are based on current predictions and assessments, and the company disclaims any responsibility for future updates.
BALI, INDONESIA – Media OutReach Newswire – 12 August 2026 – For many travelers, exploring local culinary traditions is the trip itself. New Airbnb data highlights the popularity of culinary Experiences across Indonesia, with both domestic and international travelers seeking out food-led activities for a more authentic taste of the culture.
Since its launch, Food & Drink has become Airbnb Experiences’ third-most-popular category in Indonesia, behind only Nature & Outdoors and History & Culture[1]. Bali sits at the heart of this culinary interest, with over 90% of all culinary Experience bookings in Indonesia taking place on the island1.
Guest feedback backs this up. Indonesia’s culinary Experiences carry a 4.94 average rating, with reviewers most often reaching for words like “authentic,” “traditional,” “hands-on,” “local,” and “family”[2].
The appetite extends beyond Experiences, too: searches for Airbnb homes with kitchen amenities in Indonesia are up over 20% year-on-year[3], suggesting that more guests are choosing stays where they can cook together and recreate the local flavours they discover during their trip.
Amanpreet Bajaj, Airbnb’s Country Head for Southeast Asia & India, said, “Today’s travelers are increasingly looking for experiences that help them connect more deeply with the places they visit, and food has become one of the most meaningful ways to do that. Whether it’s shopping at a neighbourhood market, learning a family recipe, or cooking together in an Airbnb, these moments create lasting memories while supporting local communities. Through Airbnb Experiences, we’re proud to help travelers discover Indonesia in a way that feels more personal, immersive, and connected to local culture.“
To spotlight this growing appetite for culinary travel, Airbnb recently hosted a one-off Culture & Culinary Trail luncheon in Bali with renowned chefs Arnold and Reynold Poernomo — a chef-curated dining moment celebrating Bali’s culinary heritage through local ingredients and stories. The luncheon offered a preview of what travelers can already find on Airbnb Experiences: intimate sessions on local food culture, interactive dining sessions, and meals hosted by local chefs in Bali and beyond.
Arnold Poernomo said, “As chefs, we’ve always believed that some of the most memorable travel memories happen around the dining table. Food has a unique way of bringing people together and telling the story of a place through its ingredients, traditions, and the people behind them. By hosting this luncheon with Airbnb, we wanted to celebrate Bali’s rich culinary heritage and inspire travelers to look beyond the plate, to discover the culture, communities, and local stories.“
For Reynold Poernomo, the most memorable travel experiences often begin with discovering the people behind the food.
“For the more adventurous, go to the markets, and you’ll discover some unique produce that you’ll most likely not find in any other part of the world. That’s part of why we love what Airbnb Experiences does – it connects you directly with local hosts who can take you to those markets and show you ingredients you’d never find wandering on your own.”
The Poernomo brothers recommend three Airbnb Experiences worth booking on a Bali trip:
As travelers continue seeking slower, more meaningful ways to explore destinations, Airbnb Experiences inspire visitors to discover a different side of Bali — through the people, ingredients, and stories shared around the table.
Disclaimer: All Experiences referenced are intended purely to inspire and illustrate. Airbnb does not recommend or endorse specific listings on the Airbnb platform.
Hashtag: #Airbnb #AirbnbExperiences #Travel #TravelTrends
https://www.airbnb.com/
https://www.instagram.com/airbnb/
The issuer is solely responsible for the content of this announcement.
About Airbnb
Airbnb was born in 2007 when two hosts welcomed three guests to their San Francisco home, and has since grown to over 5.5 million hosts who have welcomed 2.5 billion guest arrivals in almost every country across the globe. Every day, hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way. https://news.airbnb.com
For more information, please contact:
Nicolette Koh, Airbnb – nicolette.koh
@ext.airbnb.com
Maverick Indonesia – [email protected]
Resilience must be central to data center operations
The sector’s biggest constraints are increasingly physical rather than financial. Competitive advantage is increasingly determined by access to electricity, grid connections, permitting, specialized equipment and skilled labor. In the US alone, the construction industry faces a shortage of around 439,000 skilled workers, while an estimated 349,000 additional workers may be needed in 2026. Climate resilience is increasingly a strategic consideration rather than an operational afterthought. Around 79% of global data center capacity is already located in areas exposed to heightened natural catastrophe risk, while 54% is exposed to chronic heat and drought stress. Some of the fastest-growing AI infrastructure markets are also among the most climate-exposed, including Northern Virginia, US, Johor in Malaysia, and Marseille, France. Acute flood, wildfire and wind exposure is highest in the Americas, affecting 86% of capacity, while chronic heat and drought stress is greatest in Asia Pacific, where 89% of capacity is exposed.
Global data center insurance market will more than double by 2030
Insurance is evolving alongside the sector. As data centers assume a more critical role in infrastructure, comprehensive insurance cover has become a prerequisite for financing many large-scale AI infrastructure projects. Construction costs for a single AI campus can exceed US$20bn, with insured values rising substantially once high-performance computing equipment is installed. The global data center insurance market is projected to grow from around US$11bn today to more than US$24bn by 2030, reflecting rapid capacity expansion, rising insured values and increasing operational complexity. Demand is expected to extend beyond traditional property cover towards integrated solutions spanning construction, engineering, property, business interruption, cyber and liability, while also creating new opportunities in areas such as energy resilience, operational continuity, and technology risk.
Risk and claims trends: fire drives severity; water damage frequency
Allianz Commercial analysis of insurance industry data center-related claims shows that fire is the leading driver of loss severity, accounting for well over 50% of around €700mn (US$800mn) worth of losses. Natural catastrophe activity ranks second, followed by willful acts, which include crime and cyber incidents, followed by power failure. Water damage is the most frequent cause of data center claims, followed by willful acts, fire, and equipment breakdown. Business interruption is the primary driver of claims severity by line of insurance, highlighting the significant financial impact of operational downtime.
The data center risk profile is changing as facilities become larger, more complex, and more increasingly interdependent. Hyperscale and colocation of campuses can bring together multiple tenants, construction works, servers, supporting utilities and on-site infrastructure in one physical or operational space. A single event can therefore trigger claims across property, construction, business interruption, liability, cyber, and financial lines. Real-life claims case studies show that in hyperscale facilities, damage to external cooling systems, hot works-related fire damage, and a delay in start-up caused by power disturbances have each resulted in losses in the US$50mn to US$100mn range.
“For insurers, the key question is not only the value of the building, but the concentration of value and dependency inside and around it. Power, cooling, batteries, fiber routes, testing and commissioning, and business continuity planning are all part of the same risk picture. Effective risk mitigation must begin early and continue throughout the data center lifecycle. Resilience must be designed in from the earliest planning stage,” explains Christian Kolbe, Global Head of Construction Claims at Allianz Commercial.
Clarity between policies essential to avoid ambiguity
Data center projects encompass different project phases with several stakeholders and interests involved, which can create complications. During the construction phase, stakeholders include the owner, developer, contractor, and subcontractors, whereas in the operational phase, the stakeholders include the owner-operator, and potentially multiple tenants or end users. For example, different policies could respond to a hot works-related fire resulting in damage to a data center nearing completion, and this would impact different stakeholders.
“Clarity is critical with an insurance claim,” says Charlotte Field, Regional Head of Short-tail Claims, Asia, at Allianz Commercial. “Clearly documented handovers are essential between your construction all-risk policy and operational policy. There must be no ambiguity about practical completion, in order to avoid disputes over which policy responds to a particular event and the extent of cover.”
Hashtag: #AllianzCommercial
https://commercial.allianz.com/https://www.linkedin.com/company/allianz-commercial/
The issuer is solely responsible for the content of this announcement.
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around €17.3 billion in gross premium globally. https://commercial.allianz.com/
ONTARIO, CANADA – Media OutReach Newswire – 11 August 2026 – GARVEE, a lifestyle brand offering home, garden and outdoor products, has launched a 10% OFF seasonal promotion while highlighting three key living trends for late summer and early autumn 2026 in Germany. Customers can use the discount code GARVEEDE10 at checkout through December 31, 2026.
Trend 1: The Outdoor Living Room – Relaxation and Family Time in the Garden
Late summer keeps the garden at the heart of family life. Families enjoy sunlight reasonably by using parasols with 360° rotation and stepless tilt adjustments. Paired with ergonomic outdoor furniture, such as rattan egg swing chairs or rocking chairs—patios transform into peaceful sanctuaries.
For young kids, the action stays outdoors as well: rugged kids’ electric ride-ons—ranging from adventurous off-road vehicles to sleek electric sports cars—bring playful driving excitement to lawns and pathways, while parents maintain full control via wireless remote controls.
Trend 2: Cozy Indoor Aesthetics and Hospitable Social Spaces
As autumn brings coolness, life shifts indoors. Compact coffee machines bring an authentic café experience into your kitchen while saving space.
At the same time, flexibility for spontaneous guests takes center stage. 360° swivel bar stools create conversation spots, while space-saving folding chairs offer instant seating that stores away discreetly.
Trend 3: Structuring the Space: Garage, Gardening, and Barrier-Free Mobility
Early autumn is ideal for maintenance and organization. Modular trolley toolboxes with off-road wheels bring order to garages, while heavy-duty, weather-resistant aluminum storage boxes provide thief-resistant security outdoors.
Thoughtful solutions are also emerging in farming and accessibility: 10-compartment galvanized steel chicken nesting boxes with automatic roll-away egg protection simplify poultry care. Meanwhile, non-slip aluminum loading ramps with reflective strips safely bridge steps and trunks for wheelchairs, strollers, and garden carts.
Hashtag: #GARVEE
The issuer is solely responsible for the content of this announcement.
GARVEE is a lifestyle brand dedicated to enhancing everyday life through a diverse catalog of home, garden, and outdoor products. It is committed to providing durable, affordable, and family-friendly solutions that turn every corner of your home into a space where you can truly relax and thrive, making every day feel just a little more effortless.
Believing that the best journeys are those shared with the people who matter most, ONYX Hospitality Group, a leading hospitality management company in the Asia-Pacific region specialising in hotels, resorts, serviced apartments, luxury residences, restaurants and spas, encourages families to reconnect and create meaningful moments together this holiday. Through thoughtfully curated experiences designed to bring generations together, each property offers a wide range of on-site activities alongside the unique attractions of its surrounding destination, creating opportunities for families to make every moment together even more meaningful.
Guided by its More of What You Love philosophy, ONYX Hospitality Group’s portfolio of hotels is committed to creating holiday experiences that extend far beyond the guest room. From memorable dining experiences and rejuvenating spa treatments to quality time spent together in the hotel’s shared spaces and opportunities to discover the charm of local communities and cultural heritage surrounding each destination, every journey is thoughtfully designed to be richer and more rewarding. Complemented by the benefits of ONYX Rewards and exceptional dining experiences through ONYX Dining, every stay is made more seamless, more rewarding and more memorable, from the moment guests arrive until they return home.
For families planning a short getaway within Thailand, with the turquoise sea as the backdrop to their ideal holiday, Amari offers meaningful moments of relaxation, creating opportunities to spend quality time with mothers and loved ones alike, whether on the Gulf of Thailand or along the Andaman coast.
Amari Pattaya offers everything families need for a memorable holiday, with accommodation options ranging from one-bedroom rooms to spacious three-bedroom suites accommodating up to six guests, allowing everyone to spend quality time together throughout their stay. At the same time, every generation can enjoy activities tailored to their own interests, whether relaxing at Club Napa, the exclusive lounge on the 19th floor overlooking panoramic views of Pattaya Bay, or letting younger guests enjoy the water park and Tree House Kids Club before coming together again to share memorable dining experiences. From authentic Thai cuisine and international favourites to homemade pasta and poolside bites, dining experience adds another special moment to the family getaway. The day concludes with a rejuvenating treatment at maai spa, where holistic wellness therapies inspired by the beautiful transformation of the silkworm create a deeply restorative experience for both body and mind.
Meanwhile, Amari Hua Hin offers another ideal destination for families wishing to create meaningful moments with their mothers during the holiday. Set within a relaxed seaside atmosphere, the hotel features comfortable accommodation suitable for guests of all ages, a swimming pool, Breeze Spa, and dedicated children’s facilities. Beyond the hotel, families can stroll along the beach, discover local cafés and restaurants, or explore the unique charm of Hua Hin together.
For families seeking a relaxing escape amid the beauty of the Andaman Sea, Amari Phuket is set on a secluded private headland, offering panoramic views across Patong Bay from its guestrooms and suites. The resort’s interiors thoughtfully blend contemporary Thai craftsmanship with a distinctive sense of place, creating a warm and inviting atmosphere throughout the stay. Families can enjoy memorable moments together over authentic Italian cuisine at La Gritta, the resort’s renowned seafront Italian restaurant, or unwind while taking in spectacular ocean views from La Gritta Bar, The Jetty, The TreePod, and Samutr Bar, each offering its own unique ambience. The resort also features two swimming pools, Breeze Spa, and a Kids Club, allowing guests of all ages to enjoy their preferred way of spending time before heading out to experience the vibrant atmosphere of Patong Beach, along with its restaurants and shopping destinations, all just minutes away.
Another excellent choice for a seaside family holiday is Amari Koh Samui, located on Chaweng Beach. Surrounded by natural beauty, the resort offers a range of accommodation options, including spacious two-bedroom suites, along with three swimming pools, Breeze Spa, and activities for children. Families can also enjoy exploring Bophut Fisherman’s Village or discovering the unique charm of Koh Samui together. The resort’s diverse collection of restaurants and bars further enhances every family dining experience, including Amaya Food Gallery, serving Thai and international cuisine through interactive live cooking stations; Amaya Café for coffee, tea and light refreshments; Amaya Bar by the beach; Prego Koh Samui, offering authentic Italian cuisine and pizzas; and Aqua Eatery & Bar, serving beverages and light meals in a relaxed poolside setting.
For families seeking greater tranquillity and a closer connection with nature, Amari Vogue Krabi is located on Tubkaek Beach, one of Krabi’s most peaceful stretches of coastline. Nestled amidst nature at the foot of Dragon’s Crest (Khao Ngon Nak), one of the province’s most renowned scenic viewpoints, the resort enjoys a setting that continues to attract travellers from around the world. Surrounded by the breathtaking Andaman Sea, picturesque offshore islands and lush green mountains, the resort provides an idyllic environment for families to spend quality time together, unwind completely and immerse themselves in the beauty of nature. Beyond the resort, guests can discover Krabi’s natural attractions through island-hopping excursions, kayaking adventures, visits to its famous beaches and viewpoints, or explore the local way of life in Krabi Town, with its restaurants, markets and vibrant evening attractions.
Whether it is taking your parents away for a well-deserved change of scenery, spending the holidays with children and grandchildren, gathering with siblings for a special occasion, or reconnecting with friends after a long time apart, ONYX Hospitality Group’s hotels and serviced residences are ready to be part of every meaningful moment. With a diverse portfolio that caters to different destinations, lifestyles and travel preferences, ONYX Hospitality Group believes that the true meaning of travel lies not simply in the places we visit, but in the people we share the journey with and the moments we create together. Bringing More of What You Love to every stay, the Group continues to create memorable travel experiences that matter.
For more information and reservations, please visit www.onyx-hospitality.com
Hashtag: #ONYXHospitalityGroup
https://www.onyx-hospitality.comhttps://www.linkedin.com/company/onyx-hospitality-group/
https://www.facebook.com/ONYXHospitalityGrouphttps://www.instagram.com/onyxhospitalitygroup/
The issuer is solely responsible for the content of this announcement.
ONYX Hospitality Group, a reputable force in the Asia-Pacific hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers across the region where it has deep expertise. In addition to its brand portfolio, ONYX Hospitality Group also operates additional hospitality services across spa and food & beverage. With six decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.
More information: www.onyx-hospitality.com
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Tether is expanding its asset-tokenisation business into Saudi Arabia, beginning with institutional real estate as the stablecoin group deepens its move into blockchain-based financial infrastructure beyond its core USDT franchise. The company’s Hadron platform will provide the technology needed to issue and manage tokenised property assets for institutional investors. Riyadh-based First Data will serve as issuer and market operator, while fintech company BKN301 will connect the system […]
Hyperliquid-linked exchange-traded funds have lost their early momentum, with inflows slowing sharply in July and early August as competition intensifies across cryptocurrency derivatives and prediction markets. JPMorgan analysts said the pullback follows unusually strong demand in May and June, when Hyperliquid ETFs led non-bitcoin cryptocurrency funds in inflows relative to assets under management. The reversal has raised questions about whether the fast-growing decentralised trading platform can maintain […]
One Meal, One Ripple, One Community
Pay It Forward allows any participant to buy a prepaid meal at a participating local restaurant, café, or food outlet for someone else in their community. More than a one-way gesture, how Pay It Forward works is designed to create a ripple effect where kindness spreads, anyone can be both a Giver and a Receiver, and one small act sets off a wider movement of community connection.
How a Ripple Starts:
“We built Pay It Forward because we believe technology should help people reconnect, not just transact,” said Amelia Tang, Co-Founder and CEO. “A shared meal is one of the simplest ways to show someone in your community that you thought of them.”
From Pilot to Public Growth
Malaysia was chosen as the first launch market for Pay It Forward’s revolution due to the country’s rich food culture and strong sense of community. The nationwide rollout follows an extended period of product development, merchant onboarding, and community testing. A soft launch in November 2025 brought more than 100 participating Merchants and thousands of users onto the platform, providing the feedback needed to fine-tune the experience before scaling.
Beyond merchants and users, a recent memorandum of agreement signed with Universiti Tunku Abdul Rahman (UTAR) introduced the PIF x UTAR Social Impact Project and Campus Ambassador Programme, giving students real exposure to social entrepreneurship and community work.
Kindness is Much Closer Than You Think
Pay It Forward is that platform, a simple way to take the small kind thought you have and pass it on, one meal at a time. Because kindness only truly begins when someone takes the first step.
To share a meal, redeem a meal, or sign up your business, visit payitforward.io/en-my.
Hashtag: #PayItForward
https://www.payitforward.io/en-myhttps://www.linkedin.com/company/pif-fintech-sdn-bhd/https://www.facebook.com/profile.php?id=61577508893886https://www.instagram.com/pif_payitforward/
Tiktok: 
https://www.tiktok.com/@pif_payitforward
Rednote: https://www.xiaohongshu.com/user/profile/6892efa7000000002900b4aa
Youtube: 
https://www.youtube.com/@Payitforward-t6n
The issuer is solely responsible for the content of this announcement.
Pay It Forward was founded by Amelia Tang, Ng Jiunn Jye, and Yvonne Guo on a simple belief: that technology should not only automate our lives, but also help people reconnect with each other. Drawing inspiration from the traditional Italian “Caffè Sospeso”, where one cup of coffee is paid for and left behind for a stranger, the platform brings that same spirit of sharing into the digital age.
Today, Pay It Forward connects Givers, Receivers, and Merchants in one transparent ecosystem, where anyone can purchase a prepaid meal at a participating local restaurant, café, or food outlet and gift it to someone nearby. As the first platform in Malaysia’s social-dining space to combine meal-sharing with community altruism, Pay It Forward is on a mission to build a kinder, more connected society, one shared meal at a time, because sharing is caring.
SINGAPORE – Media OutReach Newswire – 5 August 2026 – Every August, Singapore celebrates more than another year of nationhood. It celebrates the people, businesses and traditions that have quietly grown alongside the nation, becoming part of its shared identity and everyday life.
This National Day, as Singapore marks its 61st birthday, one of its oldest homegrown food brands reaches a remarkable milestone of its own.
For 90 years, Woh Hup has flavoured family dinners, festive reunions, neighbourhood barbecues and everyday meals that have become cherished memories across generations of Singaporeans. From humble beginnings in 1936 in Chinatown, Woh Hup has become a trusted name in kitchens both locally and internationally. By the 1980s, Woh Hup had established itself as the leading producer of oyster sauce in Singapore, a testament to its dedication and expertise.
Woh Hup sauces are now enjoyed, not just in Asian kitchens, but tables worldwide.
This August, as Singaporeans look forward to celebrating National Day with family, friends and neighbours, Woh Hup marks its 90th anniversary by unveiling four exciting additions to its chilli sauce family—bringing fresh inspiration to the tables where memories continue to be made.
More than a product launch, the new range reflects a heritage brand confidently looking ahead— combining nine decades of craftsmanship with the bold, adventurous flavours embraced by today‘s global consumers.
“For 90 years, families have welcomed Woh Hup into their kitchens and celebrations. That trust is our greatest honour – and our reason to keep evolving. These four new sauces honour where we came from, while embracing the bold flavours of modern Asian dining,” said Leong Chee Kang, Chief Executive Officer of Woh Hup.
The launch introduces four new sauces, each designed to bring versatility, convenience and vibrant flavour to today’s kitchens.
Mala Sriracha Chilli Sauce combines the unmistakable tang of sriracha with a tingling, numbing mala warmth, delivering a bold, layered heat that pairs naturally with fried chicken, dumplings, ramen and hotpot favourites.
For seafood lovers, the new Green Chilli Sauce for Seafood blends lively green chillies with refreshing notes to complement grilled fish, oysters, calamari and Singapore’s iconic seafood feasts.
Smoky Sriracha Chilli Sauce layers rich smokiness over classic sriracha — an ideal companion for burgers, barbecue skewers, grilled meats and hearty comfort food.
Rounding out the launch is Mala Seasoning Sauce, which delivers the signature tingling, numbing heat of Sichuan-inspired mala balanced with rich savoury notes. In an easy-to-use liquid form that mixes evenly for consistent colour and flavour, just a few drops transform stir-fries, soups and noodles into a multi-layered sensory experience — bringing bold mala excitement to everyday cooking.
Packaged in convenient new squeeze bottles, the three chilli sauces make everyday cooking and entertaining easier than ever — no spoons, no mess, just great flavour at a squeeze. The seasoning sauce comes in a classic glass bottle, ready to drizzle straight onto your meal or into the wok — bold Asian flavours to elevate every dish.
The new Woh Hup range — Mala Sriracha Chilli Sauce, Green Chilli Sauce for Seafood, Smoky Sriracha Chilli Sauce and Mala Seasoning Sauce — will be available at leading supermarkets and retail outlets across Singapore from August 2026.
As Singapore celebrates another year of nationhood, Woh Hup celebrates something equally meaningful—the millions of meals, conversations and family moments its products have quietly accompanied over the past nine decades.
Ninety years on, the recipe hasn‘t changed: bring people together, one meal at a time.
Hashtag: #WohHup
The issuer is solely responsible for the content of this announcement.
Founded in 1936, Woh Hup is one of Singapore‘s longest-established homegrown food brands and a trusted name in Asian sauces. For 90 years, the company has remained dedicated to crafting high-quality flavours that inspire home cooks and professional chefs around the globe.
Today, Woh Hup‘s growing portfolio of sauces, cooking pastes and convenience products is enjoyed by consumers in Singapore and international markets, reflecting the brand‘s enduring commitment to heritage, innovation and culinary excellence.
