News related to
business

Anchored by the TIGER framework, CUHK leaps toward new heights of academic excellence and global impact

HONG KONG SAR – Media OutReach Newswire – 6 August 2026 – The Chinese University of Hong Kong (CUHK) today (6 August) unveiled its new five-year strategic plan, titled “CUHK 2026–2030: Leaping to Greatness” (the “CUHK 2026-2030“), outlining the University’s development priorities and strategic direction for the next five years. With the ambition to create greater impact on humanity and global communities, CUHK adheres to its vision of becoming a first-class comprehensive research university whose scholarly output, bilingual and multicultural education, and community contributions consistently meet global standards of excellence. As a publicly funded university, CUHK will leverage its strengths in talent cultivation, knowledge innovation and global engagement to contribute to the development of China and the Hong Kong SAR in alignment with priorities in the national 15^th Five-Year Plan and the city’s first five-year planning.

The “TIGER” action framework of CUHK 2026–2030 forms five interconnected strategic directions. It reflects a united, well-coordinated and actionable commitment from the entire University to progressively realise our vision of “Leaping to Greatness” that symbolises CUHK’s continued evolution to pursue purpose-driven excellence, impact-oriented outcomes and lasting societal contributions with innovation, rigour and responsibility.

The five interconnected strategic pillars in CUHK 2026–2030 include:

• T – Talent Attraction and Development
• I – Institutional Development
• G – Global and Alumni Engagement
• E – Education and Student Experience
• R – Research and Innovation

Embracing the new vision with agility characterised in the spirit of a tiger

In his remarks, Professor Dennis Lo Yuk-ming, Vice-Chancellor and President of CUHK, said: “The five key areas of the Strategic Plan form the ‘TIGER’ action framework that embodies courage, agility and drive, underscoring CUHK’s development vision which will be realised through precise planning and rigorous execution. CUHK will continue to drive breakthroughs in life and health sciences, artificial intelligence (AI), quantum science and other frontier fields, and participate in national scientific research initiatives, leveraging Hong Kong’s unique advantages and position as China’s most international city, with an aim of cultivating world-class talent and new knowledge that benefit the world.”

Aligning with the strategic planning of China and the Hong Kong SAR

Professor Lo said: “CUHK 2026–2030is the first five-year strategic plan formulated since I assumed office in 2025. It marks a major milestone in the University’s development in timely alignment with the five-year planning of China and the Hong Kong SAR. At a time of profound global transformation, technological advances are reshaping the world and redefining the role of universities in society. CUHK has joined the world’s top 20 for the first time in the latest Quacquarelli Symonds (QS) World University Rankings, rising to the 18^th place. This is a testament to the University’s progress in the past 63 years signifying our global academic influence.”

Professor John Chai Yat-chiu, Chairman of the CUHK Council; Professor Dennis Lo Yuk-ming, Vice-Chancellor and President of CUHK, Professor Isabella Poon Wai-yin, Provost of CUHK, Professor Anthony Chan Tak-cheung, Pro-Vice-Chancellor (Alumni / Community Engagement & Institutional Advancement), Professor Jiang Liwen, Pro-Vice-Chancellor (Research & External Affairs) and Mr Albert Chow Hing-pong, Vice-President (Administration), together with other members of the University’s senior management, attended the media luncheon today to mark the official launch.

Creating value to benefit humanity

Professor Isabella Poon Wai-yin, Provost of CUHK, introduced the University’s priority areas and said: “In face of global challenges such as the AI revolution, sustainable development and climate change, universities carry an unprecedentedly vital mission. A truly impactful university does not merely respond to the present needs of the era, but will also actively shape the direction of our future. Through interdisciplinary, cross-regional and cross-sector collaborations, we aim to translate CUHK’s deep academic foundation, unique collegiate system and global network into a driving force for social progress and innovation.”

Team spirit of CUHK leadership in co-creating the development blueprint

The formulation of CUHK 2026–2030 was a year-long collaborative effort overseen by the Strategic Plan Steering Committee chaired by Professor Lo with support from the senior management team and consultation from the broad CUHK community, from conceptualisation, drafting to visual design. This multi-faceted collaboration fully demonstrates the team spirit of the CUHK community in propelling the University toward a new chapter. The visual design of the Strategic Plan agenda features circular lines and patterns representing the letters “C” and “U” for CUHK. The concentric-circle motif also symbolises CUHK members coming together like concentric circles, uniting their strengths to work towards common goals. The visual palette centres on the university colours of purple and gold, representing passion and loyalty (purple), alongside perseverance and resolve (gold). For details of the Strategic Plan, please refer to https://www.cuhk2030.cuhk.edu.hk.

Key Initiatives

Establishing the 10th College for postgraduates

CUHK will establish a postgraduate college as its 10th college. This initiative will extend the University’s long-standing collegiate system to the postgraduate community, creating a vibrant, international environment for cross-disciplinary dialogue, holistic development and lifelong networking.

In addition, CUHK will develop flagship international undergraduate programmes and signature schemes embedding innovation, entrepreneurship and concepts of sustainability into the curriculum. It will also strengthen industry-academia collaboration and knowledge transfer to attract and nurture outstanding local and international innovative talents. CUHK will also revitalise its General Education curriculum with national and global perspectives. Moreover, the University will strengthen collaboration with CUHK-Shenzhen and other institutions in the GBA and expand opportunities for exchange and internships abroad to support students’ holistic development and lifelong learning.

Attracting global talent and expanding international impact

CUHK will leverage its strengths as an international research university to attract outstanding students, scholars and researchers from around the world, fostering a diverse and inclusive academic community. Currently, approximately 56% of CUHK’s professors come from outside Hong Kong while the University achieved a perfect score in the QS international faculty ratio indicator, demonstrating its success in attracting top academic talent globally.

This year, applications from non-local students increased by about 20% compared with last year. Applications from regions outside the Chinese Mainland rose even more significantly, by 75%, with most applicants coming from Southeast Asia and the Middle East, reflecting CUHK’s growing international appeal. To attract exceptional students, CUHK launched the Fenghuang Scholarship this year. The scholarship offers outstanding students who achieve excellent results in local and overseas public examinations financial support, together with overseas exchange opportunities. Through this initiative, the University aims to attract high-calibre young talent and nurture future leaders with a global vision, innovative capabilities and a strong sense of social responsibility.

Driving interdisciplinary research to address global challenges

CUHK will seize opportunities arising from the Northern Metropolis, the Hetao Cooperation Zone and the Guangdong-Hong Kong-Macao Greater Bay Area, while focusing on frontier fields including life and health technologies, AI, quantum science and green technology. The University will further integrate into the national research and innovation ecosystem and actively participate in major scientific initiatives spanning space, polar research and deep-sea studies, fostering comprehensive development from Antarctic expeditions and space missions to the translation of world-class innovations.

In recent years, CUHK has been actively demonstrating its research excellence. Notable achievements include the successful launch of CUHK Sat-1, the world’s first AI satellite dedicated to urban sustainable development, and leading the development of the laser heterodyne spectrometer selected for the nation’s Tianwen-3 Mars exploration mission. These accomplishments underscore the University’s pivotal role in supporting national strategic science and technology development. Furthermore, the Hong Kong Centre for Logistics Robotics, an InnoHK centre established by CUHK, founded Hong Kong’s first full-stack embodied intelligence laboratory in 2026 to drive frontier technologies in embodied AI and robotics, further consolidating Hong Kong’s position as an international innovation and technology hub.

Hashtag: #CUHK #2026-2030 #five-year #strategicplan

https://www.cuhk.edu.hk/
https://www.linkedin.com/school/13045
https://x.com/cuhkofficial
https://www.facebook.com/CUHKofficial
https://www.instagram.com/thechineseuniversityofhongkong/
https://www.youtube.com/user/CUHKchannel

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

About The Chinese University of Hong Kong

Founded in 1963, The Chinese University of Hong Kong (CUHK) is a leading comprehensive research university with a global reputation and world-leading rankings. Located in the heart of Asia, CUHK has a vision and a mission to combine tradition with modernity, and to bring together China and the West. Under the University’s unique collegiate system, the programmes and activities offered by its nine colleges complement the formal curricula by delivering whole-person education and pastoral care. The University has eight faculties: Arts, Business Administration, Education, Engineering, Law, Medicine, Science, and Social Science. Together with the Graduate School, the University offers over 300 undergraduate and postgraduate programmes. All faculties are actively engaged in research in a wide range of disciplines, with an array of research institutes and research centres specialising in interdisciplinary research of the highest quality.

Every day, millions of people around the world use Speedtest® to evaluate the performance of their internet connections. Through its award and verification programmes, Ookla® recognises network operators for outstanding network achievements using its established methodologies.

The recognition marks another milestone for MyRepublic and reinforces our ongoing commitment to delivering quality broadband connectivity to customers across the country.

The Ookla® Speedtest Award™ for Fastest Broadband recognises MyRepublic’s achievement in fixed network performance, while the Speedtest Verified™ Claim for Fastest Upload Speed further highlights the company’s broadband capabilities. Together, these recognitions underscore MyRepublic’s continued efforts to deliver reliable connectivity and an exceptional broadband experience for residential and business customers in Singapore.

These latest recognitions add to MyRepublic’s growing list of industry accolades and reflect the company’s continued focus on providing customers with quality broadband services. MyRepublic remains committed to enhancing its connectivity offerings while delivering an experience that meets the evolving needs of homes and businesses in Singapore.

Hashtag: #MyRepublicBroadband

https://myrepublic.net/sg/
https://www.linkedin.com/company/myrepublic
https://x.com/myrepublic
https://www.facebook.com/MyRepublicSG/
https://www.instagram.com/myrepublicsg/

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

MyRepublic Broadband Pte Ltd

MyRepublic is an award-winning telecom operator whose values lie in the future of connectivity, the next opportunity to disrupt, and innovations that will make a real difference. The provider’s priority is to redefine broadband and mobile connectivity in the markets it operates and empower customers to understand what a true modern connectivity experience can be.

Ookla®

Ookla, an Accenture company, is a global leader in connectivity intelligence that brings together the trusted expertise of Speedtest®, Downdetector®, Ekahau® , and RootMetrics® to deliver unmatched network and connectivity insights. By combining multi-source data with industry-leading expertise, we transform network performance metrics into strategic, actionable insights.

Our solutions empower service providers, enterprises, and governments with the critical data and insights needed to optimize networks, enhance digital experiences, and help close the digital divide. At the same time, we amplify the real-world experiences of individuals and businesses that rely on connectivity to work, learn, and communicate. From measuring and analyzing connectivity to driving industry innovation, Ookla helps the world stay connected.

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:

1. Share a Meal. Through the Pay It Forward app, a Giver purchases a prepaid meal from a participating Merchant and can include a Ripple Card with a positive message to pass on.
2. Experience the Gesture. A community member redeems the meal in-store and can share the moment back by sending a Ripple Card of appreciation to the Giver.
3. Pay It Forward. Receivers may later choose to share a meal through the platform for someone else, setting a ripple in motion.
4. Grow the Community. Over time, Givers, Receivers, and Merchants form a wider community supporting one another, one shared meal at a time.

“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-my
https://www.linkedin.com/company/pif-fintech-sdn-bhd/
https://www.facebook.com/profile.php?id=61577508893886
https://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.

About Pay It Forward

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.

Eleven shares changed hands at 1.168 million won each at 8 am Seoul time on August 6, about 30% below the previous Korea Exchange closing price. The stock quickly recovered most of the loss and ended Nextrade’s 50-minute pre-market session down roughly 2%, indicating that the extreme opening price was not driven by a change in the company’s business outlook.

The episode echoed a July 28 disruption when a single SK Hynix share traded at 1.272 million won, nearly 30% below the preceding close. That transaction triggered a volatility interruption on Nextrade and transmitted the distorted price into cryptocurrency derivatives linked to the chipmaker.

A perpetual futures contract tracking SK Hynix fell about 19% during the first event. Almost $60 million of leveraged long positions were liquidated within minutes, leaving more than 900 traders with estimated realised losses of $17.4 million. The platform operating the contract later offered to compensate eligible customers and said it would reassess the way external prices were incorporated into its valuation mechanism.

Thursday’s plunge again occurred at the start of Nextrade’s pre-market window, when order books are typically shallower than during the main session. The exchange allows stocks to move as much as 30% above or below the previous Korea Exchange closing price, meaning a small order can reach the limit when few competing bids are available.

The trade underscored the distinction between a price that is technically valid and one that accurately reflects the market’s consensus. Electronic systems can treat an executed transaction as authoritative even when only a handful of shares are involved. Prices may then spread through data feeds, trading algorithms, structured products and blockchain-based markets before human dealers can assess whether the move is credible.

Nextrade launched in March 2025 as the first serious challenger to the Korea Exchange’s long-standing dominance. It attracted investors with lower fees and trading hours stretching from 8 am to 8 pm, compared with the shorter core session on the main exchange. Retail traders account for most activity on the platform, which has at times handled a substantial share of the country’s equity turnover.

Its expanded trading day has improved access and competition, but the two SK Hynix incidents highlight risks when extended hours are combined with fragmented liquidity. Order books can be especially vulnerable at the opening instant, when market makers have not fully populated bids and offers and overseas price signals may still be feeding into domestic systems.

Regulators and exchange operators now face pressure to consider safeguards based on trade size, available depth and deviation from a volume-weighted reference price. Measures could include auction-style openings, minimum order-value requirements, stronger market-maker obligations or delayed dissemination of extreme prices produced by very small transactions.

The disruption comes during an unusually volatile period for SK Hynix and South Korean technology shares. The chipmaker has been at the centre of investor enthusiasm over high-bandwidth memory used in artificial-intelligence accelerators, but its shares have also recorded repeated double-digit moves as traders reassess valuations and future demand.

SK Hynix reported a sharp year-on-year increase in quarterly profit, supported by high-bandwidth memory sales, yet the results fell short of elevated market expectations. The disappointment contributed to a broad sell-off that erased trillions of dollars from South Korean equities at its peak and pushed measures of expected volatility to exceptional levels.

Leveraged exchange-traded funds linked to SK Hynix and Samsung Electronics have amplified those movements. Authorities have halted new sales of some single-stock leveraged products and proposed tighter investment limits, larger minimum deposits and higher transaction costs after retail investors suffered heavy losses.

Research into the market turbulence has also raised concerns that predictable rebalancing by leveraged funds can encourage traders to buy or sell ahead of compulsory end-of-day transactions. Such feedback loops may magnify price changes even when there is little new information about a company’s operations.

Emerging economies are becoming the EV industry’s fastest-growing markets, creating new opportunities for automakers with an international footprint. VinFast’s latest expansion reflects that shift.

DUBAI, UNITED ARAB EMIRATES – Media OutReach Newswire – 5 August 2026 – For much of the past decade, the global electric vehicle conversation has revolved around three markets: China, the United States, and Europe. But recent industry data suggests the next chapter may be written elsewhere.

According to the International Energy Agency (IEA), global car sales fell about 5% in the first half of 2026 as economic pressures, fuel price volatility and policy changes weighed on demand in China and the US. Yet electric vehicle sales rebounded strongly in the second quarter, reaching record levels in 50 countries. Markets including Vietnam, India, Australia and South Korea roughly doubled EV sales compared with a year earlier, while more than 90 countries posted year-on-year growth during the first half of the year.

The shift reflects a broader change in where future industry growth is likely to come from. While China remains the world’s largest EV market, the IEA expects sales there to stagnate this year for the first time this decade, even as electric vehicles account for more than 60% of new car sales. Meanwhile, emerging markets are becoming increasingly important, supported by expanding policy incentives, growing charging infrastructure and rising consumer interest.

The agency also notes that China and other emerging economies are expected to account for around 60% of global car demand over the next decade, making success in these markets an increasingly important determinant of future automotive leadership.

VinFast’s latest performance reflects this changing landscape.

The Vietnamese automaker delivered 70,085 electric vehicles globally in the second quarter of 2026, up 96% year-on-year, bringing first-half deliveries to 128,662 vehicles, a 78% increase from the same period last year. The company’s two-wheel business also continued to expand rapidly, with 286,039 electric scooters and e-bikes delivered during the quarter, up 311% year-on-year.

The delivery mix also highlights the importance of products designed for diverse market needs. Models ranging from the compact VF 3 and VF 5 to the Limo Green MPV and the newly introduced VF MPV 7 all contributed meaningfully to second-quarter volumes, suggesting demand is spread across both personal mobility and commercial transportation segments.

Just as significant is where those vehicles are going.

In July, VinFast exported more than 5,000 electric vehicles aboard two dedicated vessels. One shipment, consisting of approximately 1,500 VF 6 SUVs, was designated for partner Green SM’s planned expansion in Europe, while another transported more than 3,500 vehicles to the Philippines and Indonesia. The voyages marked VinFast’s 37th and 38th international export shipments in fewer than four years, underscoring the increasing operational scale behind its global expansion.

VinFast’s effort in international market, including in the Middle East, shows that as growth becomes more geographically diversified, automakers can no longer rely on a handful of mature markets to drive expansion. Instead, success will increasingly depend on building products, distribution networks and operations that can compete across a wide range of emerging economies.

For the global EV industry, the center of gravity is not disappearing from established markets. It is becoming far more distributed. VinFast’s recent momentum suggests that companies positioned across multiple high-growth regions may be among the best placed to benefit from that shift.

Hashtag: #VinFast

https://me.vinfast.com/en

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

The certification recognizes the substantial progress Vinhomes Green Paradise has made in advancing its smart city development in alignment with international standards. WCCD acknowledged that the project has achieved remarkable progress in its design, planning, and development strategy. This WCCD Certification serves as an important foundation for the project as it advances toward Full Certification upon commencement of operations.

The award of the WCCD Interim Custom ISO 37122 Smart City Certification follows a comprehensive assessment conducted by the WCCD and based upon the customized indicators framework WCCD specifically developed for greenfield development projects. The framework incorporates the core principles of ISO 37122, one of the world’s most respected international standards for measuring and evaluating smart city performance.

Dr. Patricia McCarney, President & CEO of the World Council on City Data (WCCD) and Director of Standardized Urban Metrics (SUM), stated: “This WCCD InterimCustom ISO 37122 Smart City Certification recognizes Vinhomes’ long-term vision and commitment to developing a smart, sustainable, and future-ready urban model. The Vinhomes Green Paradise – Can Gio urban development project is now equipped with a powerful baseline of data designed to propel success, providing a strong foundation for year-over-year monitoring of development goals in smart urban governance, infrastructure development, technology adoption and sustainability, ensuring Full ISO 37122 Certification once operations commence. We congratulate Vinhomes on this important certification milestone, a global first, setting a new precedent for greenfield developments in cities worldwide.“

Mr. Chulse Oh, Head of AX Group at Korea Management Association Consultants (KMAC), commented: “The award of the WCCD Interim Custom ISO 37122 Smart City Certification marks an important milestone in realizing the vision of a world-class smart city in Vietnam. KMAC will continue to support the project in developing smart city solutions and implementation strategies and refining the criteria for a comprehensive smart city model during the operational phase.”

In March 2026, Vinhomes Green Paradise officially launched its Smart City Certification Project in partnership with WCCD, SUM, and KMAC. Under the agreed roadmap, the Interim Custom Certification represents the first major milestone in the process of assessing and refining the criteria for a comprehensive smart city model aligned with international standards.

Vinhomes Green Paradise benefits from a unique geographical setting, overlooking the Can Gio Sea and adjacent to the UNESCO-recognized Can Gio Mangrove Biosphere Reserve, which spans over 75,000 hectares. The development features a total area of 2,870 hectares, and a construction density of only 16%. Vinhomes is pioneering the project under its enhanced ESG++ model, structured around five pillars: Environment, Social, Governance, Regeneration, and Climate Adaptation.

Upon full operation, the entire urban management system will be greened, with the goal of utilizing 100% clean electricity generated from renewable energy sources and achieving 100% net-zero emission transportation. In addition to strict compliance with environmental protection standards, the project places a strong emphasis on biodiversity conservation and ecosystem regeneration, aligned with Ho Chi Minh City’s climate adaptation strategy.

To support these efforts, a Forest Regeneration and Climate Adaptation Fund will be established to finance research, restoration, and long-term resilience initiatives. A key focus of the fund is the regeneration of the Can Gio mangrove ecosystem, helping to create a protective green belt for the entire development.

With its pioneering ESG++ vision, Vinhomes Green Paradise has become the first Official Participant in the “7 Wonders of the Future Cities” campaign initiated by New7Wonders.

The award of the WCCD Interim Custom ISO 37122 Smart City Certification further reinforces Vinhomes Green Paradise’s pioneering vision in advancing a smart and sustainable urban model that meets international standards, while progressing toward becoming a benchmark future city for the region and the world.

Hashtag: #Vinhomes

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

About Vinhomes

Vinhomes is Vietnam’s leading real estate investment, development, and management company. It currently operates 32 urban developments while expanding its portfolio of flagship projects across strategically important provinces and cities nationwide. By integrating Environmental, Social, and Governance (ESG) principles with modern, highly connected infrastructure, Vinhomes is creating world-class integrated townships and megacities that are redefining Vietnam’s real estate market, driving sustainable development, and elevating the country’s urban landscape to international standards.

About the World Council on City Data (WCCD):

Established in Canada in 2014, the World Council on City Data (WCCD) is committed to helping cities and communities of all sizes globally embrace ISO standardized, independently verified, and globally comparable city data. The organization facilitates data-driven decision-making processes in management, planning, and investment, enabling cities to become more sustainable, safe, resilient, prosperous, inclusive, and smart.

The WCCD team of professionals spearheaded the development and implementation of three international standards on city data, which have been published by the International Organization for Standardization (ISO) in Geneva. These standards, referred to as the WCCD ISO 37120 Series on City Data, encompass ISO 37120 (Indicators for Sustainable Cities), ISO 37122 (Indicators for Smart Cities), and ISO 37123 (Indicators for Resilient Cities).

Since its inception, the WCCD has been expanding its global network of cities dedicated to high-caliber data. The WCCD collaborates with more than 125 cities across 40 different countries.

About Standardized Urban Metrics (SUM):

Cities worldwide are taking centre stage in the drive toward sustainable development and the prosperity of nations. Standardized Urban Metrics (SUM) is designed to build on the strengths of its rapidly expanding global network of city leaders, senior levels of government officials, private capital market professionals and key international organizations and industry innovators dedicated to securing a better future for cities.

SUM’s service provision spans services connected to the ISO 37120 Series (ISO 37120 – Indicators for City Services and Quality of Life, ISO 37122 – Indicators for Smart Cities and ISO 37123 – Indicators for Resilient Cities) in partnership with the World Council on City Data (WCCD). The SUM team work with city leaders and private developers to customize these ISO certifications for new greenfield developments – new cities, new business districts and new communities.

SUM houses a new global first – the ISO 37125 International Standard on Environmental, Social and Governance (ESG) Indicators for Cities and Regions. The SUM ISO 37125 certification protocol supports cities to report ESG city level data in conformity with the ISO globally standardized definitions and methodologies. SUM’s third-party verification process ensures the highest calibre data for cities across the globe. This Standard provides city leaders, governments, and the private sector with a robust, data-driven framework to guide ESG initiatives, drive infrastructure investment, attract investment, create and implement strategic planning decisions, propel innovation, and ensure socially inclusive planning and management. SUM is welcoming cities to join an exciting global cohort of World Premiere Cities – the first ISO 37125-certified cities.

SUM establishes a global hub for innovative learning partnerships among leaders of cities and private capital markets. Together, SUM and its partners foster innovation, imagine alternative futures, and create more livable cities. Certification by SUM underscores a collective commitment to a sustainable and prosperous future for cities and regions.

For more information, please contact:

Dr. Patricia McCarney
President & CEO, World Council on City Data (WCCD) and
Director, Standardized Urban Metrics (SUM)
[email protected]

About KMAC

Korea Management Association Consultants (KMAC) is one of Asia’s leading management consulting firms, delivering end-to-end capabilities from strategy formulation and transformation design to operational implementation and performance improvement. For decades, KMAC has served as a trusted innovation partner to the Korean government, public institutions, and leading private-sector enterprises, helping shape and execute initiatives that strengthen national competitiveness, modernize industries, and advance digital and AI transformation, sustainability, and organizational excellence. By combining deep sector expertise, rigorous strategic insight, and proven execution capabilities with an extensive regional network, KMAC enables clients to convert ambitious visions into actionable roadmaps, measurable operational outcomes, and sustainable growth across Asia and global markets.

For more information, please contact:

Mr. Young Hwan Park
Team Lead of Asia Business Center,
Korea Management Association Consultants (KMAC)
[email protected]

Singapore Turns 61. Woh Hup Turns 90.

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.

About Woh Hup

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.

www.wohhupfood.com