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Signing of strategic collaboration agreement deepens collaboration on PCIM Asia Shanghai, opening international opportunities for microelectronics companies

HONG KONG SAR – Media OutReach Newswire – 19 October 2026 – From efficient power supply for artificial intelligence (AI) data centres to precision control in smart robotics, power electronics is enabling the next wave of industrial innovation. Hong Kong Science and Technology Parks Corporation (HKSTP) and PCM Asia Shanghai signed a strategic collaboration agreement at Hong Kong Science Park to strengthen their collaboration on PCIM Asia Shanghai, Asia’s premier exhibition for power electronics exhibition.

Together, the two organisations also co-hosted the “Power Electronics Innovation Across Asia” seminar, bringing together international technology companies, academics from local universities, innovators and investors to explore advances in power electronics and power semiconductors, as well as trends and opportunities shaping Asia’s industrial future.

Deepening Cross-Boundary Collaboration to Expand International Market Access

The partnership aims to extend professional exchange into sustained collaboration across the innovation and technology (I&T) ecosystem. By combining the corporate networks, industry platforms, and regional strengths of HKSTP and PCIM Asia Shanghai, the partnership will foster knowledge exchange and industry collaboration across power electronics, semiconductors, electrification and renewable energy.

Through annual cross-boundary exchange activities, coordination meetings, and showcasing opportunities for start-ups, innovative solutions and ecosystem participants, the two parties plan to raise the international profile of emerging technologies and ventures, and help companies to build vital market connections.

The collaboration will also strengthen Hong Kong’s role as a hub for strategic partnerships and bring together international research institutions, integrated circuit (IC) design houses, technology developers and investors, while providing access to the manufacturing capabilities in the Greater Bay Area (GBA) and the Chinese Mainland, driving technologies from R&D, device design and prototyping, and pilot production to market adoption.

Mr Terry Wong, Chief Executive Officer of HKSTP, said: “We are entering an era where AI is ubiquitous, embedded in vehicles, factories, power grids, communications networks and smart devices. None of these systems can function without efficient power conversion, power control and power management. That is why power electronics is becoming one of the most important enabling technologies of the next industrial era. With Hong Kong’s strengths in design-led electronics and the manufacturing capabilities of the Greater Bay Area, HKSTP provides an end-to-end pathway from research and prototyping to pilot production, manufacturing and market adoption. Through our partnership with Messe Frankfurt on PCIM Asia, we can help innovators raise their international profile, connect with new partners and expand into global markets. Together, we aim to build Hong Kong into a leading centre for research, design and system integration in power semiconductors, and strengthen its role as a regional gateway for global power microelectronics collaboration.”

Mr. Richard Li, Executive Director of Messe Frankfurt (HK) Ltd cum Chairperson of the Board of Management, Guangzhou Guangya Messe Frankfurt Co Ltd, said, ‘With 25 years of history, the PCIM Asia series of events has consistently brought together power electronics companies, engineers, and researchers from Asia and around the world. After having held in Shanghai and Shenzhen, PCIM Asia has built a professional exchange platform focusing on power semiconductors, intelligent motion control, renewable energy, and energy management. Meanwhile, Hong Kong possesses outstanding R&D capabilities and global business network, backed by the robust manufacturing base of the Guangdong-Hong Kong-Macao Greater Bay Area. HKSTP has attracted over 300 micro-e companies and has been equipped with comprehensive infrastructure for R&D, prototyping and pilot production. Leveraging Messe Frankfurt’s global exhibition resources as well as the local industrial ecosystem of HKSTP, this strategic collaboration aims to connect Hong Kong’s research capabilities with the Asian power electronics industry. It will elevate the industry exposure of the city’s innovative technologies, and promote long-term sustainable partnerships among industry partners in the Chinese mainland, Hong Kong, and the world”

Connecting Research with Industry Needs in AI and Advanced Energy Applications

The event attracted representatives from industry, academia and the wider I&T ecosystem. Through keynote presentations, expert discussions, technology demonstrations, company pitches and talent networking session, the event explored opportunities to bring power electronics innovations to market.

Experts from international technology leaders, including Mitsubishi Electric, Infineon Technologies, Bosch, STMicroelectronics, Murata, SMC and Vtech, as well as scholars from four local universities discussed AI data centre power supply, smart robotics and advanced energy applications. Discussions focused on translating power semiconductor and intelligent control technologies into integrated, market-ready solutions.

On-site showcases featured gallium nitride (GaN) motor drives, silicon carbide (SiC) chips and power modules, and advanced packaging solutions for AI data centres, intelligent robots and energy systems. The exhibits highlighted how microelectronics can improve energy efficiency and support emerging industries, while creating opportunities for researchers, technology companies and industry partners to collaborate.

Strengthening the Pathway from Research to Pilot Production

HKSTP is home to more than 300 microelectronics companies. Its facilities—including the Hardware Lab, Sensor Packaging and Integration Lab, Heterogeneous Integration Lab and Pilot-Scale Manufacturing Lab—support companies across design, prototyping, and trial production.

Located at the Microelectronics Centre in Yuen Long InnoPark within the Northern Metropolis, the Hong Kong Microelectronics Research and Development Institute (MRDI) supports semiconductor product development and trial production through its pilot lines, helping accelerate the translation of research into practical applications.

HKSTP is also advancing the Microelectronics Centre expansion project (MECX), which will provide approximately 7,500 square metres of additional floor space to attract and support companies across the semiconductor value chain, fostering industry clustering and collaboration.

Hashtag: #HKSTP #PCM

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Under the theme “A Season of World-Class Landscapes,” the new season focuses on the development of the Greater Zhangjiajie International Tourism Area. Host Wang Han leads the program’s food exploration team through Zhangjiajie, Cili, Jishou, Fenghuang, Changde, Shaoyang and Huaihua, presenting a cultural tourism journey that connects local cuisine with spectacular landscapes and the stories of the people who call these places home.

Connecting Landscapes Through Food

The opening episode takes viewers to Zhangjiajie, beginning with the towering Bailong Elevator before following the hiking trails along Golden Whip Stream. International tourists encountered along the way share that Zhangjiajie was their planned first stop in China. Zhangjiajie welcomes more than one million international visitors annually from over 190 countries.

Yet the destination’s international appeal extends beyond its extraordinary scenery. It also lies in the flavors nurtured by the land and the people whose lives are rooted in it.

In Longweiba Village, young entrepreneurs who have returned to their hometowns are rediscovering local ingredients such as kudzu root and vine tea, incorporating them into coffee and bingfen, a traditional chilled jelly dessert. Their creations bring new life to familiar mountain flavors and introduce them to younger generations.

In Cili, local cuisine reveals stories passed down through generations. The dish known as Yanghe Dumi carries a history of mutual support dating back to 1935. After receiving help from their neighbors during difficult times, local residents cut pork tripe into rice-sized pieces to prepare a dish that could be shared among more people. The recipe became a lasting reminder of community solidarity.

The team also visits a centuries-old tree associated with the Red Army and samples Xikou beef. Revolutionary commanders He Long and Xiao Ke once held a pre-battle mobilization meeting at the site. The ancient tree, which survived a lightning strike, embodies the resilience of the local community, a quality echoed in the firm, chewy texture of Xikou beef. Together, the stories and flavors reveal the enduring spirit of the mountains.

Discovering the People Behind the Flavors

At Jixiang Rice Noodle Shop in Jishou, owner Wang Jixiang has been running her business for 35 years. The shop serves four varieties of rice noodles with a selection of toppings. Among them, rice noodles topped with stir-fried pork and fermented chili offer a distinctive combination of sour and spicy flavors characteristic of western Hunan.

The journey continues along the Wanrong River and across Xinnü Bridge, adorned with wish plaques, before reaching the creative home of the Miao folk band Miao Ren San Man.

The band members moved from their mountain village to town to support their children’s education and earn a living by running a business, but they never abandoned their musical aspirations. Performing their original song Calling to the Mountains in a Miao village, they express a longing to reach a mountaintop together and release their deepest frustrations through a collective shout.

In Fenghuang, restaurant owner Xiao Yang offers another example of how local culinary traditions are finding new audiences. After leaving military service, he worked as a tour guide and discovered that many visitors knew little about Fenghuang’s distinctive local cuisine.

He subsequently introduced Miao-style smoked pork trotters in sour soup, a specialty of the La’ershan area, to a wider market, making modest adjustments to suit broader tastes while preserving its traditional character.

Wang Han also shares the history of Miao sour soup, which he learned about when first tasting the dish. During the migrations of their ancestors, the Miao people often faced shortages of supplies, including salt. They fermented green vegetables and relied on sour flavors for seasoning. Over time, sour soup became a culinary reminder of those journeys.

Today, the distinctive fermented flavor continues to evolve as it is paired with an increasingly diverse range of ingredients. Rather than remaining unchanged, traditional recipes continue to thrive through new interpretations, connecting generations of people to the land and its history.

Connecting Local Journeys with the World

One distinctive feature of the fourth season is the introduction of a food-tasting panel at each destination, bringing together local residents, visitors from other regions and international guests.

After sampling the dishes, panel members vote to select the “Hunan Flavor Signature Dishes.”

Among the selected specialties are claypot rice with farm-raised Chinese giant salamander and Tujia-style Sangun Wawa from Zhangjiajie; Xikou beef and Lao Sizhong rice noodles from Cili; and Fangyuan rice noodles and smoked pork trotters in sour soup from Fenghuang.

This interactive format demonstrates how people from different cultural backgrounds can experience and interpret the same dish in their own ways.

The towering sandstone peaks of Zhangjiajie, the Loushui River in Cili, the Wanrong River in Jishou, and the Tuojiang River, Hongqiao Bridge and traditional stilt houses of Fenghuang together form the scenic landscape of the Greater Zhangjiajie International Tourism Area.

Meanwhile, rice noodles, cured meats, sour soup and distinctive local delicacies bring warmth, flavor and everyday life to these natural and cultural landscapes.

About Season 4 of Go Where Flavors of Hunan Abound

Under the theme “A Season of World-Class Landscapes,” Season 4 of Go Where Flavors of Hunan Abound focuses on the Greater Zhangjiajie International Tourism Area and adopts a two-episode format for each destination.

The first episode, focusing on rural and mountain flavors, takes viewers hiking, exploring lesser-known destinations and participating in local challenges while visiting ordinary households to discover traditional home-cooked dishes.

The second episode explores the culinary life of urban neighborhoods, visiting long-established restaurants, discovering local food traditions and featuring signature dishes prepared by experienced chefs.

Landscapes provide the setting, while local flavors bring the stories to life. By bringing together China’s distinctive natural scenery and authentic regional cuisine, Go Where Flavors of Hunan Abound presents the Greater Zhangjiajie International Tourism Area to international audiences as a vibrant destination rich in culture, character and culinary heritage.

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In China, AITO has earned the trust of over 1.2 million customers. Globally, in Brand Finance’s Automobiles 100 2026 ranking, AITO ranked among the world’s top 10 luxury automotive brands and was the No.1 Chinese luxury automotive brand by brand value, making it the only Chinese automotive brand.

Driven by its philosophy of “Intelligence Redefining Luxury”, AITO is committed to bringing together traditional luxury and technological luxury to create an elevated intelligent mobility experience.

“AITO stands for ‘Adding Intelligence to Auto’. We believe a vehicle should be a mobile intelligent agent that understands you and responds to your needs. That is why we introduced our brand philosophy, Intelligence Redefining Luxury. It is our interpretation of what New Luxury means for AITO,” said Clifford Kang, Board Member and Vice President of SERES Group. “We come with deep respect for Europe’s automotive heritage. We come to collaborate and grow with partners around the world. And we come with our philosophy: Intelligence Redefining Luxury.”

As AITO strengthens its global presence, it looks forward to working with partners across the value chain to build a healthy automotive ecosystem, foster mutual growth and bring intelligent luxury mobility to more customers around the world.

Hashtag: #AITO

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For consumers across Southeast Asia and beyond, Victoria is widely recognized as an influential Asian artist boasting immense popularity and public affinity. Having debuted early in her career as the leader of the top-tier girl group f(x), she established a profound fan base and widespread public recognition throughout Southeast Asia, backed by her solid performance skills, refreshing yet sophisticated personal image, and distinct style identity. Throughout her career, Victoria has consistently approached her artistic endeavors with a rigorous and professional attitude, expanding her footprint into diverse fields including acting, music, and fashion. By continually pushing her own boundaries across Asia, she has cemented her status as a powerhouse of both substance and aesthetic style through her exceptional fashion expression and steady delivery of high-caliber work. Whether effortlessly pulling off sharp, sophisticated professional looks or interpreting dynamic, trendy styles, her daring spirit to break boundaries and pursue meticulous detail perfectly aligns with ISYUN’s brand DNA of “Professionalism, Fashion, and Texture,” while echoing the brand’s dedicated craftsmanship in the hair-coloring sector. As Global Brand Ambassador, Victoria will join hands with ISYUN to champion the brand philosophy of “One Step Closer to Hair Color Freedom,” enabling more consumers—including those in Southeast Asia—to experience the convenience and joy of salon-quality hair care at home.

A Decade of Professional Excellence and Omni-Channel Growth
Since its inception in 2013, ISYUN has consistently focused on addressing the core pain points of consumers’ at-home hair coloring experiences, deeply cultivating the niche sector of trendy hair dyes while dedicating itself to creating professional, cutting-edge hair-coloring products tailored to Asian skin tones. Over the past decade, the brand has maintained deep insights into the personalized hair color demands of diverse consumer groups, keeping pace with global beauty trends to continuously expand its trendy color matrix. Currently encompassing six major color families with over twenty distinct shades—ranging from versatile everyday brown tones to highly personalized trendy hues—the brand fully satisfies expression needs across varying scenarios and styles.

Driven by stable product quality and an exceptional user experience, ISYUN has earned widespread recognition and affection from millions of young consumers in the Chinese market. In terms of channel layout, the brand has built an integrated omni-channel sales network: its offline footprint has successfully entered over 10,000 mainstream trendy retail stores nationwide, covering core consumer touchpoints, while its online presence maintains a leading position within the hair-dye category across major e-commerce platforms, backed by sustained sales leadership and stellar user reputation. Furthermore, ISYUN serves as the exclusive official designated professional hair care brand for the China Fashion Week, a testament to its industry-wide product acclaim.

Get Victoria’s Look: Catching the Trend with the All-New “Oxygen Cool Brown”
In tandem with the global ambassador announcement, ISYUN is concurrently launching the exact hair color worn by Global Brand Ambassador Victoria: the “Oxygen Cool Brown.” Addressing the industry-wide pain point where traditional hair dyes cause damage during coloring, ISYUN’s product development has always centered on the core concept of “Hair Dyeing and Care in One.” Utilizing the brand’s proprietary essential oil special blending technology, plant-derived extracts such as argan oil, jojoba seed extract, and camellia seed oil are packaged in independent capsules, ready to be poured and mixed directly into the color cream during application. This delivers a simultaneous dyeing and conditioning experience that leaves hair smooth and lustrous post-application, effectively taming frizz and ameliorating post-dye dryness.

The newly introduced “Oxygen Cool Brown” shade—matching Victoria’s stunning hair look—is crafted precisely around the product’s superior color-rendering advantages. The translucent cool brown base blended with natural misty undertones flatters all skin tones while brightening overall complexion, seamlessly adapting to both daily commuting and leisure gatherings as a versatile, high-end, yet practical trendy color. Accompanied by an elegant floral fragrance, the product comprehensively optimizes the at-home coloring sensory experience, breaking public stereotypes regarding pungent chemical odors associated with hair dyes.

Tapping into the Booming Southeast Asian Beauty Market
In recent years, Southeast Asia’s beauty and personal care market has experienced continuous expansion, with the rise of younger consumer cohorts driving rapid growth in personalized cosmetic demands. Among these segments, at-home hair care products have emerged as a prominent growth driver in the Southeast Asian market, favored for their operational flexibility, high cost-performance ratio, and diverse stylistic expressions. Simultaneously, Southeast Asian consumers are raising their expectations for hair-dye formulations: demanding both precise color rendering optimized for Asian skin tones and integrated nourishing properties to minimize hair damage. ISYUN’s launch of its global ambassador strategy—exporting mature hair-dye and care portfolios to international markets—precisely meets the soaring demand for professional at-home hair solutions across Southeast Asia.

A senior spokesperson for ISYUN stated, “Signing Victoria as our Global Brand Ambassador marks a vital milestone in our journey toward broader international markets. Victoria’s professional attitude and fashion influence enable us to precisely connect with our core consumer demographic, infusing fresh, trendy vitality into the brand. Leveraging her cross-cultural influence across Southeast Asia, ISYUN will more efficiently engage local youth demographics and communicate our core professional ethos and product value.”

Looking Ahead: Expanding Global Horizons
Looking ahead, ISYUN will continue to collaborate with Global Brand Ambassador Victoria to uphold its brand DNA of “Professionalism, Fashion, and Texture,” continually sharpening its product competitiveness and color innovation. The brand remains committed to delivering diverse hair-coloring solutions that integrate trendiness with deep nourishment, bringing the founding vision of “One Step Closer to Hair Color Freedom” to life. As its global footprint steadily expands, ISYUN will continue monitoring the hair characteristics and aesthetic demands of consumers across different global regions, continuously optimizing its offerings to bring professional, convenient, and healthy at-home hair care experiences to more consumers worldwide, collectively exploring new frontiers in home hair-styling aesthetics.

Hashtag: #ISYUN

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Vishnu Vardhan Reddy, Consul General of India in Dubai and the Northern Emirates, said innovation, renewable energy, defence and space technology could contribute to the next phase of economic expansion. He was addressing the Innovators and Investors Series organised by the Indian People’s Forum on October 16.

The proposal comes as both governments pursue a target of $200 billion in bilateral trade by 2032. Trade reached $101.25 billion during India’s 2025-26 financial year, exceeding $100 billion for a second consecutive year, according to official figures.

Reddy urged businesses and investors to establish partnerships capable of taking emerging enterprises into international markets. Investment in technology businesses, he argued, could create additional commercial activity while linking the UAE’s capital providers with enterprises developing products and services in India.

His remarks were an assessment, not a new government commitment or forecast backed by contracts. Achieving the target would require substantial expansion across multiple sectors, including those already accounting for the largest share of bilateral commerce. The $200 billion figure is a bilateral merchandise trade ambition, not a valuation of technology investments or start-up fundraising.

India’s exports to the UAE totalled approximately $37.36 billion in 2025-26, while imports were about $63.89 billion. The UAE remained India’s third-largest trading partner and second-largest export destination. India was the UAE’s second-largest trading partner, according to diplomatic trade data.

The technology emphasis follows a September meeting of the UAE-India High Level Joint Task Force on Investments, where officials agreed to advance work on local-currency settlement, payment-system integration and central-bank digital currencies. Those initiatives are intended to make financial transactions and cross-border commerce more efficient. Officials also discussed cooperation in financial infrastructure, an area where payment interoperability could lower friction for businesses operating in both markets.

The task force also examined investment proposals involving manufacturing, food processing and logistics. Projects discussed included an integrated aluminium complex proposed for Odisha, a food park in Gujarat and opportunities for aviation and logistics development at Dholera.

At the Dubai forum, speakers called for greater participation by UAE investors in start-ups seeking financing, commercial partnerships and access to international customers. The gathering connected entrepreneurs with businesses and potential financial backers.

Two enterprises, JE Plus Healthcare and University Living, presented their business models. JE Plus Healthcare focuses on distribution and logistics for healthcare products, while University Living provides accommodation services for students studying away from home. Both were seeking investment to expand their operations. Their presentations illustrated the range of businesses seeking support, from physical supply chains to digital services for international customers.

Actor and investor Vivek Oberoi told participants that unsuccessful investments were part of entrepreneurship and that investors needed to recognise the lessons associated with business failures. He said he had invested in 35 companies, with mixed results across his portfolio.

Jitendra Vaidya, national president of the Indian People’s Forum, said stronger two-way investment could support commercial ties between the countries. The organisation’s business representatives encouraged investors to examine opportunities in technology, artificial intelligence, machine learning and robotics.

Mahesh Advani, convenor of the forum’s business council, urged UAE investors to consider start-up financing. Piyush Jhunjhunwala, co-convenor of its business and professional council, identified technology-led businesses as a potential destination for private capital.

Figures circulated at the event described a substantial start-up and venture investment ecosystem in India, including companies operating in financial services and advanced technology. However, the figures covered different categories of businesses and financing activity, making direct comparisons difficult without consistent definitions and reporting periods.

The bilateral trade framework rests on the Comprehensive Economic Partnership Agreement, which entered into force in May 2022. It reduced trade barriers across numerous product categories and provided a platform for wider business cooperation. Trade volumes nevertheless remain sensitive to energy prices, demand conditions and changes in the composition of imports and exports.

Government initiatives now include Bharat Mart, intended to support access to markets, and a Virtual Trade Corridor designed to simplify trade processes. Both form part of efforts to improve the movement of goods and information between the two economies.

The Dubai forum was organised by the Indian People’s Forum, a community organisation that also conducts business and professional networking activities in the UAE.

With chronic pain at midlife in focus this World Menopause Day, Singapore TCM clinic highlights joint and muscle discomfort as an often-overlooked midlife concern.

SINGAPORE – Media OutReach Newswire – 17 October 2026 – Ahead of World Menopause Day on 18 October 2026, the Singapore-based Traditional Chinese Medicine clinic Yi TCM is introducing its Women’s Wellness Starter Session to support women seeking to better understand physical and well-being changes experienced during midlife.

This year’s World Menopause Day theme, “Chronic Pain At Midlife”, draws attention to an issue that is particularly relevant in Singapore. Studies conducted by the Integrated Women’s Health Programme at the National University Hospital and NUS Medicine found joint and muscle discomfort to be among the most commonly reported menopausal symptoms among Singapore women.

Muscle and joint pain during the menopausal transition may be associated with hormonal changes, including declining oestrogen levels. As oestrogen receptors are also found in the joints, ligaments, and muscles, a drop in this hormone’s levels may be associated with changes in joint and muscle health and increased pain perception.

Hashtag: #YiTCM #tcmclinicsingapore #menopause

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Yi TCM

Yi TCM is a TCM clinic in Singapore where care is provided by TCMPB-registered bilingual physicians. Across the clinics in Raffles Place, Novena and Somerset, Yi TCM provides personalised TCM care for fertility, women’s and men’s health, pain management and general wellness.

Five SUVs unveiled together, with product positioning covering multiple scenarios

More than a car unveiling, a brand experience journey

Hashtag: #FAWCAR #SUV #Milan

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By K Raveendran The Bharatiya Janata Party’s increasingly aggressive response to the agitation against Chief Election Commissioner Gyanesh Kumar reveals a political anxiety that its leaders are struggling to conceal. Behind the familiar display of confidence, accusations of opposition conspiracies and warnings about attempts to destabilise the government lies an uncomfortable reality: a movement that […]

The article BJP’s Bravado Betrays Its Fear Of Uprising Against Voter Disenfranchisement appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Addressing the National Assembly in Hanoi on Saturday, Hung presented the government’s economic objectives for next year, including inflation of approximately 4.5%, gross domestic product per capita of $6,100 and labour productivity growth of 8.6%.

The proposed targets form part of 45 socioeconomic indicators submitted to lawmakers as the government seeks to sustain rapid expansion while addressing structural weaknesses, administrative bottlenecks and pressures on public finances.

Hung said achieving double-digit growth would require stronger coordination between fiscal and monetary policies, more effective mobilisation of investment resources and substantial improvements in the business environment.

The government intends to make science, technology, innovation and digital transformation central drivers of economic expansion, alongside institutional reforms designed to improve productivity and encourage private investment.

The announcement follows an earlier parliamentary resolution establishing average annual GDP growth of at least 10% as the national objective for 2026-2030. The 2027 proposal translates that broader ambition into specific annual targets and policy priorities.

Vietnam’s economy expanded by an estimated 9.01% during the first nine months of 2026, according to figures cited in a government resolution issued this month. The performance provides a foundation for next year’s target but also underlines the additional acceleration required.

The government has identified infrastructure development, industrial modernisation and improvements in investment procedures as essential to sustaining expansion. Hung emphasised that economic growth must be accompanied by inflation control and stability in the country’s principal financial balances.

Authorities plan to accelerate public investment disbursement, particularly for strategic infrastructure projects, while addressing delays in project approvals and implementation. Greater efficiency in allocating public resources is expected to support the government’s development priorities.

Private enterprise is also expected to assume a larger role. The administration wants to remove regulatory obstacles, improve access to productive resources and create more favourable conditions for businesses operating across different sectors.

The policy programme places considerable emphasis on improving the quality of growth rather than relying exclusively on expanding investment. Productivity gains are expected to become increasingly important as Vietnam pursues higher economic output and stronger competitiveness.

Hung’s presentation identified institutional reform as a central requirement for implementing the government’s objectives. Ministries and provincial administrations will be expected to translate national targets into specific responsibilities, implementation schedules and measurable outcomes.

The government also intends to strengthen coordination across administrative levels, improve public-sector accountability and address persistent obstacles affecting investment and business operations.

Maintaining price stability represents another important element of the programme. The proposed consumer price inflation target of approximately 4.5% reflects the administration’s intention to balance expansionary economic measures against the need to protect purchasing power.

Fiscal policy will consequently face competing demands from infrastructure investment, public services and social welfare commitments. Monetary authorities will also need to support productive activity without undermining financial stability.

The government’s economic programme includes measures to strengthen domestic production, improve supply chains and encourage technological adoption. These priorities are intended to support industrial competitiveness and reduce constraints on productivity.

Digital transformation features prominently in the development strategy, with authorities seeking broader application of technology across public administration and economic activity. The approach links improvements in government efficiency with efforts to modernise businesses.

The prime minister also stressed the importance of mobilising resources more effectively, including investment capital, land and other productive assets. Better allocation of these resources is expected to help overcome barriers to growth.

Social development remains part of the proposed framework. The government aims to reduce the multidimensional poverty rate by between one and 1.5 percentage points during 2027, while improving living standards and maintaining essential public services.

The targets were presented during the opening of the second session of the 16th National Assembly, which is examining the government’s assessment of economic performance in 2026 and its proposed development programme for the following year.

The broader policy framework also covers environmental protection, national security and international economic integration, alongside measures to strengthen the country’s administrative institutions.

A Communist Party Central Committee decision governing the 2027 budget framework calls for state budget revenue to increase by approximately 9.1% compared with the estimated 2026 outcome.

It also provides for savings of 5% from public investment allocations and 10% from specified recurrent expenditure categories, directing additional resources towards priority projects and social welfare programmes.

Recognition highlights SPEED’s commitment to advancing digital procurement through innovation, stronger governance and technology-driven solutions.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 17 October 2026 – SPEED (Sistem Perolehan Elektronik Dinamik), operated by CDC International Sdn Bhd (CDCi), has been recognised in the Innovative Tech Companies of the Year category at the Asia Corporate Excellence & Sustainability (ACES) Awards 2026, marking another milestone in the company’s efforts to advance digital procurement through technology-driven solutions.

The recognition reflects SPEED’s continued development as an integrated digital procurement ecosystem designed to help organisations modernise procurement processes, strengthen governance and improve operational efficiency.

At the centre of this achievement is SPEED, a digital procurement solution designed to modernise procurement practices by integrating advanced technology, streamlined workflows and data-driven capabilities to enhance efficiency, transparency and accountability.

Beyond process automation, SPEED incorporates capabilities such as real-time analytics, electronic bidding and intelligent procurement tools to support informed decision-making, strengthen procurement oversight and improve supplier engagement. Through its centralised platform, SPEED integrates supplier management, sourcing, procurement administration and reporting, enabling organisations to streamline end-to-end procurement activities while enhancing visibility, compliance and governance.

She added that the award provides further encouragement for CDCi to continue strengthening SPEED’s capabilities, particularly in intelligent procurement, system integration and data-driven solutions. Beyond technological advancements, SPEED also supports wider supplier participation through structured onboarding and management processes, enabling businesses of different sizes to access procurement opportunities within a more transparent and inclusive environment.

Hashtag: #SPEED #CDCi #ACESAwards2026 #DigitalProcurement #TechnologyInnovation #DigitalTransformation #ProcurementExcellence

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CDC International Sdn Bhd

SPEED (Sistem Perolehan Elektronik Dinamik) is a governance-driven digital procurement platform designed to support the full procurement lifecycle within a secure and scalable environment. Deployed across statutory bodies and institutional organisations in Malaysia, it enables structured procurement execution, policy compliance and audit readiness, while connecting procuring entities to a nationwide supplier ecosystem. SPEED is developed, implemented and operated by CDC International Sdn Bhd, a Malaysian enterprise solutions provider specialising in system-led procurement governance.

By Ashok Nilakantan Ayers NEW YORK: New York’s recurring airport chaos is not simply a problem of bad weather or overcrowded terminals. It is the result of several vulnerabilities converging in one of the world’s most consequential aviation regions: limited airspace, enormous passenger demand, aging and complex infrastructure, construction risks, and a highly interconnected air-traffic-control […]

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The meeting brought together the Supreme Council Member and the visiting minister as both countries seek to expand commercial partnerships, investment opportunities and diplomatic engagement. Discussions also covered bilateral relations and developments affecting the Gulf region.

Jaishankar described the meeting as an opportunity to exchange views on strengthening relations between the two countries and expanding engagement across the region. He acknowledged Sheikh Saud’s perspectives on bilateral cooperation and confirmed that the situation in the Gulf featured in their discussions.

The talks took place during the final day of Jaishankar’s three-day official visit to the UAE, which began on October 14. The visit was intended to review progress under the Comprehensive Strategic Partnership and identify opportunities for further cooperation across economic and diplomatic sectors.

Neither side announced a new investment agreement, trade target or commercial project following Friday’s meeting. The discussions nevertheless provided another channel for engagement between India’s government and the leadership of individual UAE emirates, alongside established federal diplomatic arrangements.

Economic cooperation remains central to relations between the two countries. Their Comprehensive Economic Partnership Agreement, which entered into force in May 2022, provides preferential market access for eligible goods and establishes mechanisms to facilitate trade and investment.

The agreement has supported efforts to diversify commercial exchanges beyond traditional energy transactions, with businesses exploring opportunities in manufacturing, logistics, infrastructure, technology and services. Its implementation also provides a framework for addressing commercial barriers and encouraging greater participation by companies operating in both markets.

Ras Al Khaimah has pursued investment partnerships involving manufacturing, industrial production, construction materials and logistics. Its industrial infrastructure and connections to regional shipping networks provide opportunities for businesses seeking production facilities and access to markets across the Gulf.

The emirate’s commercial engagement with India was also discussed during a July meeting between Sheikh Saud and India’s Ambassador to the UAE, Deepak Mittal, who was accompanied by business representatives.

That meeting examined opportunities for cooperation across several sectors and ways to utilise Ras Al Khaimah’s economic advantages. The discussions reflected continuing engagement between the emirate’s leadership and businesses interested in developing commercial operations within its jurisdiction.

Friday’s meeting followed talks on Wednesday between Jaishankar and UAE Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi.

The two ministers reviewed cooperation under the Comprehensive Strategic Partnership and Comprehensive Economic Partnership, with particular attention to trade, investment and economic development. They also exchanged views on international issues and developments affecting regional stability.

Sheikh Abdullah reaffirmed the UAE’s commitment to strengthening bilateral relations and identifying opportunities that support the development priorities of both countries. Their discussions covered existing cooperation and possibilities for expanding engagement in sectors considered important to their respective economies.

The diplomatic exchanges come as governments and businesses assess the implications of uncertainty across the Gulf for investment, shipping and energy supplies. Regional stability remains an important consideration for commercial activity involving the UAE and India, particularly given their extensive trade and transport connections.

Jaishankar also participated in the Raisina Middle East Dialogue in Abu Dhabi on Thursday, joining discussions about international connectivity, strategic partnerships and the changing economic geography of global trade.

Speaking during a session examining continental corridors, he highlighted growing competition, emerging transport constraints and the importance of building reliable partnerships. His remarks addressed the challenges facing countries seeking secure commercial connections amid shifting geopolitical and economic conditions.

The dialogue, held on October 14 and 15, brought together participants to examine regional and international developments, including connectivity initiatives and cooperation between governments.

India’s relationship with the UAE also encompasses energy supplies, defence cooperation and investment, alongside extensive people-to-people connections. These established links provide an additional foundation for discussions involving the federal government and individual emirates.

The Embassy of India in Abu Dhabi estimated that approximately 4.3 million nationals from India were living in the UAE in 2024, representing roughly 35 per cent of the country’s population.

Ras Al Khaimah’s geographical position near the Strait of Hormuz adds a regional dimension to discussions about trade and connectivity. The emirate borders Oman and maintains industrial and maritime facilities serving businesses involved in manufacturing, construction materials and international commerce.