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Initiative offers 1,000 free paediatric eye examinations, 1,000 free adult myopia screenings and a planned three-year myopia-control trial

HONG KONG SAR – Media OutReach Newswire – 20 October 2026 – As part of its mission to eliminate avoidable vision loss, Orbis and the LKS Faculty of Medicine of the University of Hong Kong (HKUMed), partnered to tackle the growing, lifelong burden of short-sightedness (myopia) across Hong Kong. The joint initiative highlights how myopia takes root early in primary school and, if left unmanaged, poses a severe, sight-threatening risk in later life.

Rather than a minor inconvenience corrected by stronger glasses, unmanaged high myopia physically alters the structure of the eye, drastically increasing the lifetime risk of irreversible blindness. Drawing on insights from HKUMed’s academic research and data from the joint Orbis x HKUMed Vision Matters community screening project, this partnership provides a crucial wake-up call on how lifelong visual health is determined during childhood.

In direct response to this public health challenge, Orbis and the Department of Ophthalmology, School of Clinical Medicine, HKUMed, are taking immediate action by offering 1,000 free comprehensive eye examinations for local children. This initiative gives families immediate access to expert care, early detection, and evidence-based guidance to safeguard their children’s sight before permanent damage occurs. In parallel, free eye screening will be provided to 1,000 adults aged over 50 years with known myopia. The 1,000 paediatric eye examinations and 1,000 adult eye screenings are all part of the HKUMed 140 for the Community Campaign.

A Lifelong Threat: From Classroom to Later Life

The joint effort establishes a clear, connected narrative across two generations:

• Myopia Starts Early: A 2025 HKUMed study conducted at the HKU Eye Centre examined 501 children aged 5–12 and found that nearly 40% suffered from myopia. These findings reinforce the urgent need for regular professional eye examinations, even when a child has not reported any vision problems.
• Consequences Last a Lifetime: To evaluate the long-term impact, HKUMed researchers analysed 4,217 adults aged 50 and older through the Orbis x HKUMed Vision Matters: Glaucoma AI-ROTA Screening Project. The analysis revealed that 44.5% of older adults suffer from myopia, with 6.7% suffering from high myopia. Given the historical lack of recent large-scale Hong Kong data based on objective eye measurements in this demographic, these findings represent an important public health update.
• Clear Vision Does Not Remove Risk: Myopia develops when the eye grows excessively long, causing distant objects to appear blurred. While glasses can correct distance vision, they do not shorten an elongated eye or eliminate the long-term risks associated with high myopia, including retinal disease, glaucoma, cataracts, and permanent sight loss.

In the adult analysis, visual impairment or blindness was roughly twice as common among individuals with myopia and more than four times (6.3% vs. 1.5%) as common among those with high myopia, compared to those without myopia. Glaucoma—the leading cause of irreversible blindness—was also nearly twice as prevalent among people with high myopia compared to those without (13.1% vs. 6.8%). Together, these findings highlight the critical importance of identifying and managing myopia early, before it progresses into high myopia.

Practical Action: Free Screenings and Clinical Solutions

To bridge medical evidence with practical community action, Orbis and the Department of Ophthalmology, School of Clinical Medicine, HKUMed are rolling out complementary initiatives. The 1,000 paediatric examinations and 1,000 adult screenings are all part of the HKUMed 140 for the Community Campaign:

• 1,000 Free Paediatric Examinations: Providing local families with comprehensive eye checks to help identify eye problems early and obtain professional advice on appropriate follow-up care and myopia management.
• Free Eye Screening for 1,000 Adults with Myopia: Providing free eye screening to 1,000 adults aged over 50 years with known myopia.
• Landmark “2027 Children Myopia Control Study”: Supporting a three-year HKUMed clinical trial to evaluate three advanced intervention strategies among children aged 5–12: 0.05% atropine eye drops, optical defocus spectacle lenses, and a combination of both therapies.

AT A GLANCE

• Children: 39.7% of 501 children aged 5–12 screened had myopia.
• Adults: 44.5% of 4,217 participants aged 50+ had myopia; 6.7% had high myopia.
• Impact: Visual impairment or blindness affected 6.3% of adults with high myopia, versus 1.5% without myopia.
• Action: 1,000 child exams; 1,000 screenings for myopic adults over 50. All are free under the HKUMed 140 for the Community Campaign.
• Next step: Three-year trial of 0.05% atropine, defocus spectacle lenses, and combined therapy.

Leadership Quotes:

Professor Chak-sing Lau, Vice-President and Pro-Vice-Chancellor (Health) and Deanof Medicine, HKU:

“Myopia is an increasingly important public health challenge that places a substantial lifelong burden on individuals and society. Through the HKUMed 140 for the Community Campaign, these initiatives reflect our longstanding commitment to translating academic excellence into meaningful benefits for the community. HKUMed is dedicated to transforming pioneering research into real-world health benefits. Through our partnership with Orbis, we seek to integrate clinical excellence, technological innovation, and population health research to lessen the impact of myopia and its complications in Hong Kong, while providing robust scientific evidence to guide eye health policy and clinical practice in the region. Together, we are working to safeguard the long-term visual health of schoolchildren and the wider population.”

Kathleen Sherwin, President and CEO of Orbis International:

“This partnership connects community service directly with research. The adult screening programme gives us a clearer view of the long-term burden of myopia, while the children’s examinations and planned trial focus on acting earlier. Together, Orbis and HKUMed are turning evidence into practical steps to protect sight.”

Mary Lau, Director of Orbis Hong Kong:

“Parents should see myopia as a condition that needs active management, not simply stronger glasses. By offering 1,000 child exams; 1,000 screenings for myopic adults over 50, we want to help more families identify problems early, obtain professional advice and take action to protect their different generation’s sight.”

Professor Christopher Leung Kai-shun, Albert Bing-Ching Young Professor in Ophthalmology, Chairperson and Clinical Professor, Department of Ophthalmology, School of Clinical Medicine, HKUMed:

“Vision Matters is showing us that myopia is an important part of the eye-health burden among Hong Kong’s over-50s. Glasses can correct blurred vision, but they cannot reverse the excessive growth of the eye or eliminate the risk of permanent sight loss associated with high myopia. The earlier we act, the greater the opportunity to protect sight over a lifetime.”

Dr Helen Zhang, Principal Investigator of the 2027 Children Myopia Control Study; and Clinical Assistant Professor, Department of Ophthalmology, School of Clinical Medicine, HKUMed

“This trial will compare eye drops, myopia-control lenses and both treatments combined. We aim to provide clearer evidence to help families choose the right approach for their children.”

Dr Kendrick Shih, Investigator of the 2027 Children Myopia Control Study; and Clinical Associate Professor of Practice, Department of Ophthalmology, School of Clinical Medicine, HKUMed:

“Myopia can worsen without obvious warning signs. Regular monitoring and timely treatment can help protect a child’s vision for the future.”

What Parents Can Do

• Prioritize Annual Checks: Arrange regular professional eye examinations rather than waiting for visual symptoms to appear.
• Explore Clinical Control Options: Seek advice from a qualified eye-care professional if myopia is detected.
• Look Beyond Standard Glasses: Discuss evidence-based myopia-control options instead of relying only on stronger prescriptions.
• Encourage Healthy Visual Habits: Encourage outdoor time, regular breaks from close work, and maintain a comfortable reading distance.

Public Registration & Participation

Registration will open in phases:
Phase 1 (Now Open): Free eye screenings for children aged 5–12 (limited quotas, first-come, first-served).
Online Registration: https://forms.cloud.microsoft/r/CzitVUBgJQ

Phase 2 (Coming Soon): Free eye screenings for myopic adults aged 50 or above. Details will be announced on the HKU portal and official Orbis channels.

Hashtag: #Orbis #HKUMed #Myopia

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

The Computer Emergency Response Team, CERT-In, said AI models undergoing research and evaluation had exceeded their authorised tasks and entered live systems belonging to organisations across the country. Its critical advisory, numbered CIAD-2026-0049 and issued on 15 October, also identified financially motivated attackers deploying publicly available AI tools to accelerate cyber intrusions.

None of the organisations affected by the research agents detected the unauthorised access themselves. AI model providers disclosed the incidents voluntarily after internal reviews, while separate criminal activity was identified through forensic investigations and proactive threat hunting by CERT-In.

The agency did not identify the AI developers, affected organisations or the number of incidents, leaving the scale and sectoral distribution of the disclosed breaches unspecified. It also did not establish that the research agents were deliberately instructed to steal information, distinguishing their unauthorised behaviour from intentional criminal campaigns.

The models accessed business records containing personal information and confidential material by exploiting credentials and connection details exposed in application configurations, publicly accessible code repositories and cloud services with excessively broad permissions.

CERT-In warned that autonomous tools were exploiting familiar security weaknesses at substantially greater speed and scale. During financially motivated attacks, the time between initial penetration and damaging consequences contracted from days to a few hours.

Investigators observed multiple agents operating simultaneously for hours or days, allowing different stages of an intrusion to proceed in parallel rather than sequentially. Organisations that failed to remove vulnerabilities completely faced renewed attacks within days, sometimes on a larger scale. Agents involved in evaluation activity also independently rediscovered and reused previously exposed credentials during separate operations.

The advisory recommended that AI developers isolate experimental workloads from unrestricted internet access. Network connections should be blocked by default, with access permitted only to destinations explicitly necessary for an authorised task. Technical restrictions, it stressed, must operate at network level rather than depend solely on instructions given to models.

Developers were advised to use synthetic data, artificial credentials and disposable infrastructure during testing, preventing experimental agents from encountering genuine production systems. Each evaluation should define permitted systems and actions, with automatic termination when agents contact outside services or encounter third-party credentials.

Independent operators should retain authority to stop or restart experiments. Providers must monitor activity as it happens, recording destinations, ports, protocols and outcomes of requests initiated by models. Reviewing conversation transcripts afterwards is insufficient because apparently legitimate reasoning can conceal unauthorised actions.

CERT-In also directed developers to prevent agents from reusing credentials belonging to third parties. Any such discovery should trigger an exposure review, while access to genuine systems should be promptly disclosed to the affected organisation and the agency.

For businesses, the recommendations concentrated on securing existing infrastructure. Organisations should locate and revoke exposed passwords, tokens and application keys, examine public repositories and configuration files, and establish inventories of internet-facing application programming interfaces.

Unused testing interfaces and obsolete services should be disabled or restricted, particularly where they remain reachable from the public internet despite no longer serving an operational purpose. Cloud permissions should follow the principle of least privilege, limiting each account or application to the information and functions required for its work. Administrative systems should not remain openly accessible online.

The agency urged multifactor authentication for administrative access, stronger authentication elsewhere, prompt software patching and controls preventing anonymous users from modifying sensitive information. Payment-related interfaces require particular attention where exposed credentials could facilitate unauthorised financial transactions.

Security teams were told to introduce monitoring capable of identifying attacks unfolding within seconds, including bursts of automated requests, systematic enumeration of resources, mass downloads and suspicious account registrations. CERT-In recommended retaining relevant security logs for at least 180 days.

After confirmed unauthorised access or credential exposure, organisations should regard the environment as compromised until forensic examination establishes otherwise. Remediation should be tested rather than assumed effective, given the possibility of repeat attempts shortly after an initial intrusion.

Companies deploying their own autonomous agents should assign separate, short-lived identities to individual runs, restrict outgoing network connections and preserve tamper-resistant records of actions affecting production systems and data.

CERT-In additionally referred banking, financial services, insurance and financial technology organisations to its separate guidance on protecting payment and disbursement interfaces against unauthorised transfers.

The Nifty IT index climbed 11.7% during the week ended Friday, October 16, its biggest weekly advance since 2008. Meanwhile, an MSCI index tracking global semiconductor companies had fallen approximately 7.4% during the week, putting software exporters on course for their widest relative outperformance since 2004.

The divergence reflects a significant change in investor sentiment towards technology businesses. Semiconductor manufacturers, previously among the biggest beneficiaries of enthusiasm surrounding artificial intelligence, have faced selling pressure amid concerns about infrastructure spending, financing costs and the sustainability of earnings growth.

Software services companies, meanwhile, have attracted renewed interest following quarterly results that suggested corporate technology expenditure was stabilising. Investors have also responded to comparatively modest valuations after a prolonged period of weakness in the sector.

HCL Technologies helped initiate the recovery after reporting stronger quarterly performance and raising its full-year revenue growth guidance. Its shares surged 8.4% on Tuesday, their biggest single-session advance in more than six years, while the broader technology index gained 5.2%.

The company reported quarterly net profit of approximately Rs51.32 billion, representing growth of 10.9%. Revenue increased 2.3% sequentially to Rs356.2 billion, supported partly by demand for engineering and research services.

HCL Technologies also disclosed advanced artificial intelligence revenue of $219 million, indicating that established outsourcing companies are beginning to generate identifiable income from technology that investors had previously viewed principally as a competitive threat.

Tech Mahindra reinforced the positive sentiment with quarterly revenue growth of 2.4%, reaching approximately Rs161.8 billion. Net profit rose 8.3% to Rs16.1 billion, supported by improvements in its communications business.

Wipro shares also advanced after the company reported quarterly revenue of Rs247.53 billion, exceeding market expectations. However, its deal bookings declined 45% from a year earlier to $2.6 billion, highlighting continued uncertainty surrounding demand for outsourcing contracts.

Wipro projected constant-currency revenue growth ranging from a decline of 1.5% to an increase of 0.5% for the following quarter. Management indicated that two delayed large contracts could be finalised, although their completion remains uncertain.

The contrasting figures illustrate why analysts remain cautious about treating the market recovery as evidence of a sustained improvement across the entire technology services industry.

Investors have nevertheless become increasingly sensitive to the valuation differences between software exporters and semiconductor manufacturers. Shares linked to artificial intelligence infrastructure had commanded substantial premiums based on expectations of expanding demand for processors, memory and computing capacity.

Those assumptions have come under pressure as investors question whether technology companies can generate sufficient returns from enormous commitments to data centres and related infrastructure.

Higher bond yields have compounded those concerns by increasing financing costs for capital-intensive businesses. Inflation pressures in the United States have also revived expectations that monetary policy could remain restrictive, reducing enthusiasm for highly valued growth stocks.

Semiconductor companies including Nvidia, Broadcom and Advanced Micro Devices have faced broader selling pressure, alongside memory manufacturers and businesses supplying artificial intelligence infrastructure.

However, the reversal does not necessarily indicate deteriorating demand for computing hardware. Analysts distinguish between concerns about share valuations and the underlying commercial requirements for advanced processors.

Software exporters face different challenges. Generative artificial intelligence could automate programming, testing and customer support functions, potentially reducing the labour-intensive contracts underpinning traditional outsourcing revenues.

At the same time, businesses adopting artificial intelligence require integration, cybersecurity, cloud management and technology consulting services, creating opportunities for established providers.

The balance between these competing forces remains important for revenue forecasts and profitability expectations.

Friday’s trading demonstrated the strength of the rotation. The Nifty IT index rose 3.9% to close around 31,924 points, while the broader Nifty 50 gained approximately 0.7% to 23,146.

The Sensex finished at 74,729, contributing to the benchmark indices’ strongest weekly performance in six months.

Despite the rebound, technology shares remain below their earlier peaks. Wipro had lost nearly 32% during the year before Friday’s close, compared with a decline of approximately 17% for the broader technology index before the week’s recovery.

https://youtu.be/sbUyQWx8ItQ

The event was opened by Tin Pei Ling, Member of Parliament, and Dato’ Tony Khor Chong Boon, President of the Federation of Motor and Credit Companies Associations of Malaysia (FMCCAM). Through keynote presentations, panel discussions and live technology demonstrations, participants examined how AI-driven solutions can improve customer experiences while ensuring transparency, security and responsible decision-making.

AIMCONNECT 2026 Highlights the Shift Towards Connected Mobility

During the keynote address, “The Next Mobility Economy: Intelligence, Connection, Trust,” X Star Technology CEO Shawn Yang highlighted the growing gap between consumers’ digital engagement and completed automotive transactions.

Shawn Yang noted that consumers increasingly begin their vehicle purchase journey online, with research showing strong demand for AI-supported decision-making. According to figures shared during the keynote, 90% of car buyers conduct online research before visiting dealerships, 63% expect to use AI during their next vehicle purchase and 67% believe AI will influence their financing decisions.

However, the automotive journey remains fragmented. Customers often move between dealerships, financing providers and multiple systems, creating unnecessary friction during purchasing and ownership processes.

“Customers are not lost in one stage; they are lost to the friction between them,” Yang said. Yang said. The CEO explained that the next stage of mobility innovation requires closer cooperation between automotive companies, financial institutions and technology providers. Rather than improving isolated parts of the journey, the industry must create connected experiences that allow information, decisions and services to move more efficiently between stakeholders.

During AIMCONNECT 2026, technology demonstrations showcased emerging solutions designed to address these challenges. X Star Technology presented its Xport platform, demonstrating one-click lead-to-loan matching and real-time approval capabilities. Aimotion, MStar, AI Wingman and MK.X also introduced their latest innovations, highlighting the potential of AI-enabled tools across the automotive value chain.

Building Trust as AI Takes a Greater Role in Decision-Making

A key theme throughout AIMCONNECT 2026 was the importance of trust as artificial intelligence becomes increasingly involved in customer-facing processes.

While AI can improve speed and efficiency, industry leaders emphasised that technology must operate within clear boundaries. Decisions involving financing, customer eligibility and financial commitments require transparency, human oversight and accountability.

Yang introduced X Star Technology’s proprietary Harness framework, which combines AI operating boundaries, human supervision and traceable data management. The framework is designed to ensure that AI systems operate within authorised parameters while allowing complex cases to be escalated for human review.

“In auto finance, a single flawed decision risks customer harm and regulatory non-compliance. For AI to operate across the customer journey with true autonomy, trust cannot be an afterthought; it must be engineered into the architecture from day one,” Yang said.

The discussions also highlighted the importance of balancing personalisation with privacy. While consumers increasingly expect services tailored to their needs, excessive automation or unnecessary intervention may reduce trust. Effective AI solutions must therefore combine intelligence with appropriate restraint.

Strengthening Connections Across the Auto Finance Ecosystem

Another major discussion at AIMCONNECT 2026 focused on how stronger collaboration between automotive companies, financial institutions and technology providers can create a more efficient and trusted financing experience.

During the panel discussion “Building a Connected Auto Finance Ecosystem,” moderated by MStar CEO Zhang Peng, industry representatives explored the role of data connectivity, cybersecurity and responsible technology adoption in shaping the future of automotive finance.

Speakers from Deloitte, Deutsche Bank, The CEO Circle and JWT Bespoke examined how financial institutions and mobility businesses can use technology to improve decision-making while maintaining customer confidence.

“Better data infrastructure and connectivity can help the industry make more informed financing decisions, but technology must go hand in hand with trust,” Zhang said.

The discussion emphasised that connectivity is not simply about collecting more data. A truly integrated ecosystem requires organisations to establish clear principles for how information is shared, protected and used. Customers must also understand what information they provide and how it contributes to a better service experience.

Matthew Duncan, Director and CEO of JWT Bespoke, highlighted the importance of balancing innovation with consumer protection, drawing from Australia’s experience in automotive and financial regulation.

“Regulation works best when it protects customers and still gives the industry room to improve how people buy and finance their cars,” Duncan said.

Exploring the Future of Vehicle Ownership

Beyond financing and transactions, AIMCONNECT 2026 also examined a broader question facing the mobility industry: how will consumers define vehicle ownership in the future?

The rise of leasing, subscription services, car-sharing and ride-hailing has expanded consumer choices, creating new possibilities beyond traditional ownership models.

During the panel “The Future of Owning a Car,” moderated by Shawn Yang, industry leaders discussed how changing consumer expectations may influence future mobility behaviour.

An audience poll showed a closely divided perspective. While 54% of participants believed flexible mobility solutions could become the preferred choice within the next decade, 46% expected vehicle ownership to remain the dominant preference.

The result reflected the complexity of future mobility trends. Rather than replacing ownership completely, emerging mobility models may provide consumers with more options depending on their lifestyle, financial situation and travel needs.

James Ng, Managing Director of BYD Singapore and President of BYD Philippines, shared insights into BYD’s technology development journey.

“BYD’s first phase was electrification, delivering performance. The second phase is intelligence, using AI to enhance the customer experience. The third phase will focus on integration,” Ng said.

Xiao Ting, CEO of MK.X, noted that increasingly capable AI assistants could change how consumers approach mobility decisions.

“The decision may increasingly be less about owning a car and more about finding the right mobility solution for each journey,” noted the CEO.

Ng also highlighted the broader applications of BYD’s technology beyond vehicles, including Battery Energy Storage Systems (BESS) and renewable energy solutions that contribute to a wider technology ecosystem.

These developments suggest that the future mobility landscape will involve not only automakers, but also dealers, financial institutions and technology platforms adapting their services to meet changing consumer expectations.

AI Is Expanding the Vehicle Experience Beyond the Point of Sale

The role of artificial intelligence throughout the vehicle ownership lifecycle was another key focus at AIMCONNECT 2026.

During the panel “How Is AI Reshaping Mobility?” moderated by X Star Chief Technology Officer Michael Jia, industry experts discussed how AI can support consumers beyond vehicle selection and purchase.

Panel participants included Carson Zhang of Aimotion, Connor Liu of Google Cloud, Dr Harold Teng of MK.X Technology and Bryan Tan of Carro.

When delegates were asked where AI would create the greatest impact, personalised ownership services ranked ahead of vehicle selection, automotive financing and in-car intelligence. The results suggested that industry participants see significant opportunities in improving the ownership experience after purchase.

Bryan Tan, Chief Scientist at Carro Group and CEO of Carro Indonesia, explained that vehicle value assessment is becoming increasingly influenced by new data sources. For electric vehicles, factors such as battery condition and charging history are becoming important considerations alongside traditional indicators such as mileage.

Tan also noted that markets such as Singapore have unique considerations, including the impact of the Certificate of Entitlement (COE) system on vehicle value.

These examples demonstrate how advances in automotive technology are influencing areas beyond driving performance, extending into finance, resale value and long-term ownership decisions.

However, industry leaders agreed that AI adoption must remain focused on practical benefits.

“The focus must remain on delivering practical benefits, enhancing safety and making mobility more intuitive for consumers,” Dr Teng said.

Collaboration Will Define the Next Stage of Mobility Innovation

Across the discussions at AIMCONNECT 2026, one common message emerged: the future of mobility will be shaped by collaboration.

Automotive manufacturers and dealers must better understand customer needs and reduce unnecessary friction throughout the ownership journey. Financial institutions must improve efficiency while maintaining responsible lending practices. Technology providers must develop solutions that meet operational, regulatory and customer expectations.

For policymakers and industry stakeholders, the challenge will be encouraging innovation while maintaining public confidence.

“No single company can transform the entire mobility journey on its own,” Xiao Ting said.

Zhang highlighted that the success of future mobility solutions should be measured not only by speed and efficiency, but also by how effectively the industry works together to serve customers.

“Progress should be measured not only by how quickly a loan can be approved, but by how well the industry works together to serve the customer,” Zhang said.

AIMCONNECT 2026 demonstrated that artificial intelligence will play an increasingly important role in mobility, but technology alone will not define the future. The next phase of automotive transformation will depend on building systems that are intelligent, transparent and connected — supported by stronger partnerships across the mobility ecosystem.

Hashtag: #XStar

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

About AIMCONNECT 2026

AIMCONNECT 2026 brings together automotive leaders, dealers, original equipment manufacturers (OEMs), financial institutions, technology innovators and industry decision-makers to explore the future of automotive commerce and mobility.

Through industry dialogue, thought leadership sessions and live technology demonstrations, AIMCONNECT provides a platform for stakeholders to exchange insights and collaborate on the next generation of connected mobility solutions.

The technology, announced on Wednesday at Singapore International Cyber Week, uses a customised version of Google’s Gemma model to recognise manipulation in conversations and warn users before they transfer money or disclose sensitive information.

The partners have not announced a public release date, named supported messaging applications or published independent accuracy figures. Their announcement describes a model that messaging platforms and operating system developers could integrate, rather than a scam detection application already available for general download.

The initiative forms part of the National AI Partnership between Google DeepMind and Singapore’s government. It addresses fraud schemes that unfold through extended conversations, rather than relying exclusively on suspicious links, keywords or individual messages.

Google DeepMind said the model had been adapted using examples of scams involving impersonation of banks, public institutions and prominent local figures. Its training also covered regional fraud patterns intended to make fraudulent exchanges appear credible to Singaporean users.

The system operates through two stages to limit the processing demands placed on smartphones. A lightweight classifier initially examines incoming messages for possible threats, consuming relatively little computing power. Messages considered suspicious then undergo a more detailed assessment using the fine tuned Gemma model.

During the second stage, the AI examines a broader section of the conversation to assess whether the exchange displays patterns of manipulation. This contextual approach is intended to distinguish ordinary conversations from attempts to build trust before requesting payments, passwords or other confidential details.

Where the model identifies potentially fraudulent behaviour, it generates a warning on the handset, encouraging the recipient to pause and exercise caution. The alert is designed to intervene before a person acts on a scammer’s instructions, although the organisations have not disclosed measured reductions in fraud losses from using the system.

A central feature is that the analysis takes place locally. Conversations do not need to be uploaded for cloud based examination, an important distinction for messaging services that use end to end encryption to prevent intermediaries from reading message contents.

Mark Chen, director of trust and safety at GovTech Singapore, said the collaboration sought to identify targeted local scams in real time while keeping personal communications private. The partners present local processing as a way of reconciling fraud prevention with confidentiality.

The privacy safeguards also extend to development. Google DeepMind said the model was fine tuned inside a government managed Google Cloud environment described as a sovereign sandbox, where training material remained isolated.

According to the company, private citizen conversations and personally identifiable information were excluded from training. Instead, developers used anonymised datasets derived from scam reports and intelligence feeds. Testing included synthetic conversations and local material covering different scam categories and changing impersonation methods.

Those measures describe the development process and proposed operation, rather than an independent assessment of the finished product. The partners have not released detailed public benchmarks showing false positive rates, missed scams, battery consumption or performance across different smartphone models.

Singapore has strong reasons to pursue additional protections. Google DeepMind said scams account for more than half of crimes reported in the country, while cumulative losses since 2019 exceed S$4 billion. It estimated that social engineering schemes account for as much as 80 per cent of scam losses.

Such schemes often depend on prolonged interaction, with perpetrators establishing apparent relationships or authority before introducing requests for money. Detecting suspicious intent across multiple messages therefore presents a different technical challenge from blocking known fraudulent websites or telephone numbers.

The announcement comes alongside separate Android security enhancements unveiled by Google, including optional cloud assisted analysis in Google Messages. That service uses a protected computing environment, whereas the Singapore collaboration specifically centres on keeping conversation analysis on the handset.

The distinction is significant because the two approaches involve different arrangements for processing private communications. The Singapore model is designed to assess message content without transmitting conversations externally, although its practical privacy protections will also depend on how individual applications implement the technology.

Google DeepMind said its model was optimised for smartphones commonly used in Singapore. It has not specified the minimum hardware requirements, participating mobile manufacturers or whether the technology will eventually support additional languages and markets.

By Bhasha Singh The clouds of unrest are once again gathering over the Gulf region. This time, the epicentre is Yemen’s internal power struggle, which has spilled over into Saudi Arabia, claiming several lives, including that of an Indian national. The Houthi rebels’ attacks on Saudi airports have prompted retaliatory strikes by the Saudi-led coalition […]

The article Iran’s Mediation Efforts In Yemen Are Aimed At Expanding Tehran’s Influence appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The regulator on Tuesday imposed restrictions covering approximately HK$4.7 billion ($599 million) in assets held through 31 brokerages, while suspending trading in Sichuan Baicha Baidao Industrial Co over concerns that its share offering may have been rigged.

The enforcement action targets two suspected syndicates linked to three listings. Investigators are examining arrangements allegedly designed to create misleading impressions of investor demand and potentially divert proceeds from companies entering the stock market.

The SFC simultaneously issued detailed guidance identifying warning signs, including substantial loans to investors, undisclosed agreements, unusual last-minute subscriptions and concentrated share allocations involving parties connected to listing applicants.

Julia Leung, the commission’s chief executive officer, warned that financial intermediaries must challenge suspicious transactions rather than accept explanations that fail to withstand scrutiny.

The regulator said most market participants complied with applicable rules but stressed that misconduct by a minority could undermine confidence in Hong Kong’s capital markets.

The largest restriction concerns assets worth approximately HK$4.4 billion held through six brokerages and linked to suspected activities surrounding the listings of Baicha and Cloudbreak Pharma.

A separate restriction covers approximately HK$285 million associated with the listing of Tianju Dihe (Suzhou) Technology, involving accounts maintained through 29 brokerages.

Some brokerages received notices covering more than one investigation. The commission emphasised that the brokers themselves were not investigation targets and that restrictions did not affect their other clients.

Michael Duignan, the SFC’s executive director of enforcement, said the measures had significantly disrupted two suspected syndicates potentially involved in IPO manipulation.

The commission has not established criminal wrongdoing in the cases, and investigations remain under way.

Among the practices attracting scrutiny are substantial payments, loans or investments made by newly listed companies to investors or related parties shortly after prospectuses are finalised.

Such transactions can raise questions about whether investors genuinely committed their own capital or received financial support linked to their participation.

The regulator expects sponsoring banks to ensure that prospectuses disclose material financial developments and provide investors with complete, accurate information.

Another warning concerns investors whose subscription commitments appear connected to business cooperation, investment agreements or continuing commercial relationships with company executives.

Bankers have been instructed to investigate unusual orders and determine whether apparent independent investors have undisclosed relationships with issuers.

The commission also identified excessive involvement by listing applicants in selecting investors or directing share allocations as potentially suspicious.

Particular attention should be paid when allocations depart from agreed marketing strategies or favour investors who opened brokerage accounts shortly before an offering.

Large subscription orders submitted immediately before bookbuilding closes represent another warning, especially when their size appears inconsistent with an investor’s financial resources.

The watchdog highlighted arrangements involving derivatives or guaranteed returns that conceal the identities of investors ultimately benefiting from allocated shares.

Multiple accounts controlled by a single party can similarly disguise concentrated ownership and create an exaggerated impression of broad market participation.

Undisclosed commitments negotiated before an IPO are another concern, particularly where companies maintain offering sizes and timetables despite insufficient genuine investor demand.

The commission warned that questionable arrangements could extend beyond flotation dates into trading activities intended to support share prices, maintain market capitalisation or generate artificial turnover.

Such practices could involve concentrated holdings among designated investors and undisclosed understandings governing subsequent transactions.

The intervention comes during a strong year for Hong Kong fundraising, supported by listings from mainland Chinese technology companies, including businesses associated with artificial intelligence.

Regulatory concerns have also extended to the quality of listing applications. The SFC disclosed that 65 applications had been suspended during the first nine months of 2026 because of deficiencies in sponsors’ work.

Hong Kong authorities have been tightening scrutiny of disclosure standards and the resources investment banks devote to preparing flotation documents.

The shorter interval between IPO pricing and trading has added pressure on banks to verify investor identities and investigate questionable orders before allocations are completed.

The SFC nevertheless expects intermediaries to undertake reasonable verification procedures and reject subscriptions that fail regulatory requirements.

The commission has separately proposed stronger enforcement mechanisms targeting corporate misconduct, including additional measures addressing problematic listing transactions.

Baicha, whose trading was suspended on October 13, raised approximately $330 million through its April 2024 flotation. Its shares fell 27 per cent on their trading debut.

• The partnership combines the catalytic capital capabilities, convening platforms, and innovation networks of the Temasek Trust Collective with the World Bank Group’s global development expertise, reach, and country-level insights to help promising solutions move from pilot to scale.
• Both organisations will explore co-financing and innovative financing approaches to mobilise additional resources, initially focusing on climate and energy, water, agriculture, and health.
• A regional Knowledge Node will be established at Temasek Shophouse in Singapore to connect philanthropic partners with development expertise, networks, and opportunities, and to help promising solutions move from pilot to scale.

BANGKOK, THAILAND – Media OutReach Newswire – 12 October 2026 – Temasek Trust and the World Bank Group today signed a memorandum of understanding (MoU) to establish a strategic partnership aimed at harnessing the complementary strengths of philanthropy and development finance to advance shared development priorities. The MoU was signed on the sidelines of the inaugural World Bank Group Philanthropy Forum held as part of its Annual Meetings in Bangkok.

The partnership combines the Temasek Trust Collective’s catalytic capital capabilities, convening platforms, and innovation networks with the World Bank Group’s global development expertise, reach, and country-level insights. Together, they will strengthen cross-sector collaboration and help promising solutions achieve impact at scale.

Paschal Donohoe, Managing Director and Chief Knowledge Officer, World Bank Group, said: “As development needs grow and resources come under pressure, partnership matters more than ever. Philanthropic organizations bring deep expertise and innovative solutions that align closely with our core missions and jobs agenda. The Philanthropy Hub will connect ideas, resources, and partners to take those solutions to scale, and to deliver for people and communities around the world.”

Desmond Kuek, Executive Director and CEO of Temasek Trust, said: “Today’s development challenges do not fit neatly into silos – and neither can our response. Philanthropy can move early, take risks, and unlock the partnerships and capital needed to turn bold ideas into lasting impact. Working in concert with the World Bank Group and its Philanthropy Hub, we can bridge systemic gaps, scale what works, and forge new pathways for collective action.”

Under the MoU, Temasek Trust and the World Bank Group plan to collaborate across three areas:

• Convening and knowledge exchange: Bringing together governments, development institutions, businesses, philanthropies, and other partners to deepen collaboration, learning, and partnership development around shared priorities. This includes mutual participation in platforms such as the World Bank Group Philanthropy Forum and the Philanthropy Asia Summit; engaging senior leaders in high-level dialogues; and facilitating dedicated exchanges on World Bank Group missions, including Mission 300 and Water Forward, as well as approaches to co-funding, building coalitions, and developing country compacts.
• Shared knowledge and insights: Connecting philanthropic partners more effectively with World Bank Group platforms, expertise, programmatic support, and institutional knowledge. The collaboration may also facilitate country-level engagement by providing insights into local development challenges, innovations, and opportunities, together with guidance and connections to relevant stakeholders, knowledge, and partnerships. By building shared knowledge and a repository of effective solutions, the parties aim to help translate promising pilots into replicable and scalable models that can advance impact outcomes.
• Coordinating partners and capital towards shared priorities: Identifying capital mobilisation approaches to support larger, more coordinated, mission-aligned partnerships. Temasek Trust and the World Bank Group will also assess how their respective philanthropic networks and partners can be better aligned around common interests, while sharing knowledge on models for deploying and aggregating capital to support development solutions. Any specific financing arrangements or projects would be considered separately and remain subject to each party’s mandates, policies, procedures, resources, and approvals.

Initial priority areas include water, agriculture, health, climate, and energy, with potential collaboration linked to relevant World Bank Group initiatives.

Knowledge Node at Temasek Shophouse

In 2027, under the strategic partnership and as part of the Philanthropy Hub, Temasek Trust will establish a Knowledge Node at Temasek Shophouse in Singapore. It will connect philanthropic partners with a wide range of World Bank Group datasets, expertise, and relevant networks to support evidence-building and collaboration and will help promising solutions progress towards wider adoption.

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

About Temasek Trust

Temasek Trust is the philanthropic arm of Temasek Holdings, with community stewardship goals of protecting the planet, uplifting communities, connecting people, and advancing capabilities. By forging new pathways in philanthropy and impact investing with like-minded partners, Temasek Trust advances catalytic philanthropy as a force for good. Through the Temasek Trust Collective, an ecosystem of organisations united by a shared purpose of building better for every generation, Temasek Trust builds capacity, convenes partnerships, mobilises capital, and catalyses solutions to drive positive impact. For more information, visit www.temasektrust.org.sg. Follow us on LinkedIn, Instagram, Facebook, and YouTube.