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Adobe has expanded its partnership with Saudi Arabia’s Ministry of Communications and Information Technology and state-backed AI company HUMAIN, offering more than 27 million eligible citizens and residents a year of free access to its AI-powered creative tools. The US software company said the programme, announced at LEAP 2026 in Riyadh on Monday, is valued at more than $4 billion and will provide eligible people aged 13 […]
Highlights of the Interim Results for theSix Months Ended June 30, 2026:
Benefiting from sustained strong chip demand across the AI data center (“AIDC”), storage and robotics sectors, the Group’s revenue increased by approximately 98.4% year-on-year to approximately RMB13,249.2 million;
The Group recorded gross profit of approximately RMB799.7 million and net profit of approximately RMB373.0 million. Profit attributable to equity shareholders of the Company amounted to approximately RMB278.9 million, representing a year-on-year increase of approximately 111.1%;
The Group has strategically upgraded from an “AI hardware distributor” into a “Token computing power operator”, opening up a second growth curve; and
The Group has formally entered into Token computing power services contracts worth more than US$1 billion, with delivery expected to commence in the fourth quarter of 2026.
HONG KONG SAR – Media OutReach Newswire – 31 August 2026 – Ingdan, Inc. (“Ingdan” or the “Company”; Stock Code: 400.HK, together with its subsidiaries, the “Group”), an ecosystem services platform anchored in artificial intelligence (“AI”) chips and principally engaged in the businesses of “Comtech” and “Ingdan” today announced its unaudited interim results for the six months ended June 30, 2026 (the “First Half of 2026” or the “Period”).
Financial Highlights for the First Half of 2026
During the Period, benefiting from sustained strong chip demand across the AIDC, storage and robotics sectors, the Group recorded revenue of approximately RMB13,249.2 million, representing an increase of approximately 98.4% from approximately RMB6,676.5 million for the corresponding period in 2025.
The Group’s gross profit amounted to approximately RMB799.7 million, representing a year-on-year increase of approximately 36.5%. Operating profit was approximately RMB517.2 million, representing a year-on-year increase of approximately 87.7%. Net profit after tax amounted to approximately RMB373.0 million, representing a year-on-year increase of approximately 96.3%.
Business Review
Strategic Upgrade Milestone: Token Factory Order Formally Secured, Opening Up a Second Growth Curve
During the First Half of 2026, the Group achieved a landmark breakthrough in its AI-driven strategic upgrade. The previously disclosed intent service orders exceeding US$1 billion have now been formalized into services contracts. Delivery is expected to commence in the fourth quarter of 2026, with the contracts expected to generate aggregate service revenue of more than US$1 billion over the next five years. This milestone signifies a fundamental evolution in the Group’s growth model—from “selling chips” to “selling computing power”—and its formal upgrade into an “Token computing power operator”, presenting a compelling new value proposition to the capital markets.
Three Growth Drivers for Rapid Expansion
The Group’s performance growth is supported by three core drivers:
AI computing power: The accelerating development of global data centers continues to drive strong demand for GPUs and CPUs. The Group provides full-stack computing power support, from chips to application solutions, and is deeply involved in the development of cloud-based intelligent computing centers;
Storage cycle: Surging demand for AI foundation model training and inference is driving expansion in the memory chip market. Leveraging the resources of leading global suppliers, the Group ensures a reliable supply of memory chips and complementary solutions; and
Embodied intelligence and robotics: As humanoid robots enter the mass-production stage, the Group is strengthening its full-stack deployment, from edge AI computing solutions built around platforms such as NVIDIA Jetson to enterprise-level computing clusters.
Full-Chain Technology Services Platform
As a technology services platform based on AI chips, the Group connects upstream AI chip technologies with the needs of downstream innovative enterprises. Leveraging the resources of leading global chip manufacturers, including NVIDIA, Intel, AMD and SanDisk, the Group has established a comprehensive product portfolio covering GPUs, CPUs, FPGAs, ASICs, memory chips and software ecosystems. With chip distribution serving as its entry point, the Group provides customers with integrated, full-chain services encompassing technology solutions, supply chain management, technical training, and after-sales operation and maintenance. Its services cover a broad range of application scenarios, including cloud-based intelligent computing centers, edge AI, robotics, drones and enterprise-level computing power services.
Global Computing Power Network Deployment
To support the large-scale delivery of its Token factory business, the Group is accelerating the development of a global computing power network. In the near term, it plans to expand its computing centers footprint into multiple Asian countries, with total planned computing capacity exceeding 100 megawatts. Through its proprietary Token computing power scheduling platform, the Group provides one-stop services encompassing computing power scheduling, cluster operation and maintenance, and Token computing power services. Its customers include leading internet cloud service providers and market-leading enterprises in vertical robotics segments, demonstrating the commercial viability of the Group’s business model.
Outlook
Mr. Jeffrey Kang, Chairmanand CEO of Ingdan, Inc., commented: “As demand across AIDC, storage, robotics and AI Token services continue to grow, the Group’s strategic positioning as a ‘Token computing power operator’ has been further strengthened. We expect robust customer demand in the second half of the year, while the AI Token factory business is expected to become the Group’s second growth curve. This will further enhance the capital market’s recognition of the visibility of the Company’s growth and its long-term development potential.”
Cautionary Statement
The information contained in this document has not been independently verified. Neither the Company nor any of its affiliates, advisers or representatives makes any express or implied representation, undertaking or warranty as to the fairness, accuracy, completeness or correctness of the information or opinions presented or contained herein. No person should rely on this document as a basis for any decision.
The information contained in this document should be considered in the context of the circumstances prevailing at the relevant time and is subject to change without notice. The Company undertakes no obligation to update the information contained herein to reflect any developments occurring after the date of this document. This document is not intended to provide, and should not be relied upon as providing, a complete or comprehensive analysis of the Company or its financial or operating condition or prospects. Neither the Company nor any of its affiliates, advisers or representatives shall have any obligation or accept any liability, whether in negligence or otherwise, for any loss arising from any use of this document or its contents or otherwise arising in connection with this document.
This document may contain statements reflecting the Company’s current intentions, beliefs and expectations regarding the future as of the relevant dates indicated herein. Such forward-looking statements do not constitute guarantees of future performance. They are based on certain assumptions concerning the Company’s operations and on factors beyond the Company’s control, and are subject to significant risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation or undertakes to update any forward-looking statement to reflect events or unforeseen circumstances arising after the relevant date.
The issuer is solely responsible for the content of this announcement.
Ingdan, Inc.
Ingdan, Inc. (Stock Code: 400.HK) is an ecosystem services platform anchored in artificial intelligence (“AI”) chips. The Group captures the rapidly growing demand across numerous industries, from AI computing centers to AI-powered intelligent terminals, by converting AI chip resources into a broad range of rapidly deployable application solutions that provide the core driving force for customers’ intelligent upgrade. Through its proprietary AI technologies, large models and specialized industry knowledge bases, the Group provides customers with advanced chip application technology solutions and efficient supply chain management services.
Headquartered in Shenzhen, the Group operates offices and branches across major cities in China, including Hong Kong, Beijing, Shanghai, Guangzhou, Hangzhou , Suzhou, Wuhan and Chengdu, as well as operations in Singapore and Japan. The Group’s core businesses are Comtech — a technology services platform for the chip industry; and Ingdan — a platform providing Artificial Intelligence of Things (“AIoT”) technology and services.
For further information, please refer to the Company’s website at www.ingdangroup.com
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Canonical has issued Ubuntu Server 26.04.1 LTS, the first point release of Resolute Raccoon, folding months of security patches, high-severity bug fixes and package updates into refreshed installation images. The August 27 release is designed to cut the volume of updates required after a new deployment while preserving compatibility with Ubuntu 26.04 LTS, which launched on April 23. Canonical said the new media includes security updates issued […]
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Mistral AI and Saudi Arabia’s HUMAIN have agreed a strategic collaboration worth hundreds of millions of euros, linking local computing infrastructure with model development and enterprise deployments across the kingdom and the wider Middle East. The agreement, announced on August 24, will see Paris-based Mistral explore using HUMAIN’s data centre infrastructure to meet growing local computing demand while the companies jointly develop and localise advanced artificial intelligence […]
Google DeepMind has completed what it describes as the world’s first double-blind evaluation of a proprietary frontier-class artificial intelligence model, testing Gemini 2.5 Flash-Lite while preventing both the developer and external evaluators from accessing each other’s confidential material. The pilot represents a significant attempt to address benchmark contamination, one of the most persistent weaknesses in measuring advanced AI systems. Under conventional testing arrangements, model developers may gain […]
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Forest City Special Financial Zone has clarified that its incentive for qualifying fintech and technology-enabled financial services is a 5% corporate tax rate rather than a blanket tax exemption, drawing a distinction between the Johor-based programme and Malaysia’s separate national digital incentives.
The clarification sets out the eligibility framework for companies considering operations in Pulau 1 of Forest City, where qualifying fintech businesses, Financial Global Business Services operations and foreign-owned payment system operators can apply for the special rate. The incentive runs for 10 consecutive years of assessment and may be extended for another 10 years if the company continues to meet the stipulated conditions.
Malaysia Digital Economy Corporation, or MDEC, is the government agency appointed to process applications, while approvals are subject to the national investment assessment framework. Eligibility does not arise simply from locating a technology business within Forest City.
Qualifying activities must incorporate at least one designated technology enabler. These include artificial intelligence or big data analytics, the Internet of Things, cybersecurity, cloud computing, blockchain, creative media technology, robotics or automation, and advanced network connectivity or telecommunications technology.
The framework therefore covers AI where the technology supports an eligible financial or business-service activity. A general AI developer or technology company does not automatically qualify for the Forest City incentive merely because it uses artificial intelligence.
Applicants must be companies incorporated under Malaysia’s Companies Act and resident in the country, with minimum paid-up capital of RM50,000. The qualifying business must be conducted in Pulau 1, Forest City. Companies must also comply with requirements covering employment, knowledge workers, operating expenditure, economic substance, environmental, social and governance commitments and any regulatory approvals applicable to their activities.
The Forest City incentive is separate from Malaysia Digital Status and the Malaysia Digital tax incentive administered by MDEC. Companies do not need Malaysia Digital Status to apply for the Forest City programme, and an applicant generally cannot receive another tax incentive for the same qualifying activity.
That distinction has become important because the national Malaysia Digital scheme includes figures of up to 100%, potentially creating confusion over whether technology and AI businesses can obtain complete corporate tax exemption in Forest City.
Under the Malaysia Digital tax incentive, companies making new investments can apply for a zero per cent reduced tax rate on qualifying intellectual-property income, subject to the applicable intellectual-property nexus rules. Qualifying non-IP income may receive a 5% or 10% reduced rate for up to 10 years, depending on whether the relevant conditions are met.
Alternatively, eligible new investments can choose an investment tax allowance of 60% or 100% of qualifying capital expenditure, which can be set against up to 100% of statutory income for a period of up to five years. The 100% figure refers to the investment tax allowance and does not constitute a general declaration that all income earned by an eligible company is tax-free.
Companies undertaking qualifying expansion investments face a different structure. The national digital programme provides a 15% reduced tax rate on qualifying IP and non-IP income for up to five years, or an investment tax allowance of 30% or 60% of qualifying capital expenditure, subject to the conditions attached to the scheme.
Applications for the Malaysia Digital tax incentive remain open until December 31, 2027. Applicants for that programme must first secure Malaysia Digital Status. Forest City’s programme has a longer application window, running to December 31, 2034 under the existing guidelines.
Forest City’s financial-zone incentives were formally unveiled by the government in September 2024 as part of an effort to establish Johor as a competitive financial and services hub close to Singapore. The package also includes separate arrangements for single family offices and knowledge workers.
Qualifying single family office vehicles operating under the Forest City framework can obtain a zero per cent tax rate on chargeable income from approved holding and investment activities, subject to Securities Commission Malaysia requirements. That concession is distinct from the 5% regime covering fintech, Financial Global Business Services and foreign payment system operators.
Forest City also sits within the wider Johor-Singapore Special Economic Zone, strengthening its role in Malaysia’s strategy to attract cross-border investment, advanced financial services and digital businesses. Johor has emerged as a major destination for digital infrastructure and technology investment, supported by its proximity to Singapore, expanding data-centre capacity and improving regional connectivity.
More than 100 technology, financial and security organisations have warned that the world has only months to strengthen digital defences before increasingly capable artificial intelligence systems make sophisticated cyberattacks cheaper, faster and far easier to scale. OpenAI, Anthropic, Google, Microsoft, Amazon Web Services, Oracle and IBM are among the companies backing a global call for governments and businesses to treat cyber defence as an immediate priority. The […]
Nvidia has agreed to acquire Hugging Face for a reported $12.9 billion, moving to take control of one of the artificial intelligence industry’s most important open-model platforms after the startup explored a sale at valuations above $13 billion. The transaction, which has not been publicly detailed by either company, would rank among Nvidia’s largest acquisitions and deepen its expansion beyond the graphics processors that underpin much of […]
Forest City SFZ sets out who may qualify for its 5% special corporate tax rate, how the separate Malaysia Digital tax incentive works, and which activities and conditions apply to each scheme.
JOHOR, MALAYSIA – Media OutReach Newswire – 29 August 2026 – Forest City has, over the past decade, built a recognised track record in green-building and sustainability credentials. Since the Malaysian Government announced the Forest City Special Financial Zone (“SFZ”) incentive package on 20 September 2024, the development has added a financial-services and digital-economy dimension. The Forest City Special Financial Zone (“FC-SFZ”) Tax Incentive offers a 5% special corporate tax rate for 10 consecutive years of assessment, extendable for a second 10-year period, to eligible companies undertaking qualifying fintech, Financial Global Business Services (“FGBS”) or Foreign Payment System Operator (“FPSO”) activities in Pulau 1, Forest City. Malaysia Digital Economy Corporation (“MDEC”) is the appointed government agency to process applications, which are assessed by the National Committee on Investment (“NCI”).
Forest City at night, looking across the Strait of Johor towards Singapore. Forest City lies approximately 2 km from Singapore at its nearest point.
The FC-SFZ Tax Incentive is separate from Malaysia Digital (“MD”) Status and the MD Tax Incentive. A company does not need MD Status to qualify for the FC-SFZ Tax Incentive. Under MDEC’s current rules, an FC-SFZ applicant must also not have been granted another tax incentive for the same qualifying activity. Eligible MD Status companies may separately apply for the MD Tax Incentive, subject to the applicable criteria and approval process.
Key Incentives at a Glance
Forest City’s first decade was defined in part by its green-building and sustainability record. Forest City reports nearly 40 international awards and certifications as at August 2026, including LEED for Core and Shell (“LEED-CS”) Gold pre-certification and GreenRE Gold ratings. On 20 September 2024, the Malaysian Government announced the Forest City SFZ incentive package, adding a financial-services and digital-economy dimension to the development.
The current incentive landscape has four main components:
Forest City SFZ corporate tax rate: Eligible companies undertaking qualifying fintech, FGBS or FPSO activities in Pulau 1 may receive a 5% special corporate tax rate for 10 consecutive years of assessment, extendable for a second 10-year period, subject to approval and continued compliance. The qualifying activity must use at least one promoted technology enabler specified by MDEC.
Single Family Office (“SFO”) Scheme: A qualifying Single Family Office Vehicle (“SFOV”) may receive a 0% tax rate on chargeable income from its qualifying holding and investment activities for an initial 10 years, with a possible extension for a further 10 years, subject to the Securities Commission Malaysia (“SC”) requirements.
Knowledge workers: Eligible knowledge workers working within the Johor-Singapore Special Economic Zone (“JS-SEZ”), which includes Forest City as a designated flagship area, may qualify for a special 15% personal income tax rate for 10 years, subject to the applicable conditions.
Malaysia Digital tax incentive: This is a separate national incentive administered by MDEC. For New Investment, eligible companies may choose between a reduced tax rate — 0% on qualifying intellectual-property (“IP”) income, subject to the modified nexus approach, and 5% or 10% on qualifying non-IP income for up to 10 years — or an Investment Tax Allowance (“ITA”) of 60% or 100% of qualifying capital expenditure for up to five years. Different rates apply to the Expansion Incentive. Applications are open until 31 December 2027.
Taken together, these measures position Forest City SFZ as a potential regional base for qualifying financial-services and technology-enabled businesses assessing Malaysia’s tax framework, proximity to Singapore and access to ASEAN markets. However, the schemes are separate and should not be treated as automatically cumulative.
Forest City Tax Framework for Fintech and Technology-Enabled Financial Services
The FC-SFZ Tax Incentive is not a blanket 100% tax exemption for fintech, AI or technology companies. It is a 5% special corporate tax rate for qualifying activities under the FC-SFZ framework. MDEC is the appointed agency to process applications, while applications are assessed by the NCI.
The 5% rate applies to qualifying fintech activities, FGBS and FPSO activities carried out in Pulau 1, Forest City. The qualifying activity must utilise at least one promoted technology enabler: artificial intelligence (“AI”) or big data analytics (“BDA”); Internet of Things (“IoT”); cybersecurity; cloud; blockchain; creative media technology, including extended reality (“XR”) or mixed reality (“MR”); robotics or automation; or advanced network connectivity or telecommunications technology. Eligibility is not automatic based on location alone; companies must also satisfy the applicable corporate, activity, substance, regulatory and compliance conditions.
The “up to 100%” figure sometimes cited in relation to Malaysia Digital refers to the ITA available under the MD New Investment Incentive. It is an allowance on qualifying capital expenditure, not a 100% income tax holiday. The MD Tax Incentive is also separate from the FC-SFZ Tax Incentive and should not be assumed to stack with it for the same qualifying activity.
Comparison table:
Scheme
What it covers
Headline rate / benefit
Authority & key note
Forest City SFZ — fintech / FGBS / FPSO incentive
Qualifying fintech, FGBS and FPSO activities in Pulau 1 using at least one promoted technology enabler
5% special corporate tax rate for 10 consecutive years of assessment; extendable for a second 10-year period
MDEC processes applications; NCI assessment. Applications open 1 Sep 2024–31 Dec 2034.
Forest City SFZ — Single Family Office
Qualifying SFOV holding and investment activities
0% tax rate for an initial 10 years; possible extension for a further 10 years
Securities Commission Malaysia; SFO tax rules gazetted on 3 Oct 2025.
JS-SEZ — eligible knowledge workers
Eligible knowledge workers working within the JS-SEZ, including qualifying roles in Forest City
15% personal income tax rate for 10 years
Ministry of Finance / JS-SEZ incentive package; subject to eligibility conditions.
Malaysia Digital Tax Incentive — New Investment
Eligible MD Status companies undertaking qualifying Malaysia Digital Activities
0% on qualifying IP income and 5% or 10% on qualifying non-IP income for up to 10 years; OR 60% or 100% ITA for up to 5 years
MDEC; MD Status required before tax-incentive application. Applications open until 31 Dec 2027.
Malaysia Digital Tax Incentive — Expansion
Eligible MD/MSC Malaysia Status companies undertaking qualifying new or expansion activities
15% reduced tax rate for up to 5 years; OR 30% or 60% ITA for up to 5 years
MDEC; subject to the Expansion Incentive criteria. Applications open until 31 Dec 2027.
Malaysia standard corporate rate
Companies not qualifying for a lower or special rate
24% headline corporate income tax rate
Inland Revenue Board of Malaysia (LHDN); lower tiered rates may apply to qualifying SMEs.
For accurate and current policy information, companies should refer directly to official sources, including:
Malaysia Digital Status and Tax Incentive: A Separate National Framework
MD Status is granted nationally by MDEC. An MD Status company may then be eligible to apply separately for the MD Tax Incentive, subject to the relevant criteria. Under MDEC’s current framework, qualifying Malaysia Digital Activities comprise the research, development or commercialisation of solutions, or the provision of services, using promoted technology enablers such as AI or BDA, IoT, cybersecurity, cloud, blockchain, drone technology, creative media technology, integrated-circuit design with embedded software, robotics or automation, and advanced network connectivity or telecommunications technology.
Under the current MD Tax Incentive, the available options differ between New Investment and Expansion:
New Investment: A 0% reduced tax rate on qualifying IP income, subject to the modified nexus approach, and a 5% or 10% reduced tax rate on qualifying non-IP income, for up to 10 years; or an ITA of 60% or 100% of qualifying capital expenditure against up to 100% of statutory income, for up to five years.
Expansion: A 15% reduced tax rate on qualifying IP income, subject to the modified nexus approach, and non-IP income, for up to five years; or an ITA of 30% or 60% of qualifying capital expenditure against up to 100% of statutory income, for up to five years.
The “100%” figure therefore refers to the ITA rate under the New Investment Incentive. It does not mean that all company income is tax-free.
The MD Tax Incentive is open for applications until 31 December 2027. A company must first obtain MD Status before submitting an application for the MD Tax Incentive.
MD Status also provides access to non-tax benefits under the MD Bill of Guarantees, including the ability to apply for foreign knowledge-worker quotas and passes, subject to the relevant immigration requirements. MDEC’s Expats Service Centre administers the related Foreign Knowledge Worker processes for eligible companies.
Eligibility Summary: Entities, Sectors and Permitted Activities
Forest City SFZ 5% rate
Activity-based: Qualifying services are limited to fintech-related activities, FGBS and FPSO activities.
Technology condition: The qualifying activity must utilise at least one promoted technology enabler specified by MDEC, including AI or BDA, IoT, cybersecurity, cloud, blockchain, creative media technology, robotics or automation, or advanced network connectivity or telecommunications technology.
Location condition: The qualifying activity must be carried out in Pulau 1, Forest City.
Substance and compliance conditions: Approved companies must meet the conditions set out in their approval letter, including commitments relating to full-time employees, knowledge workers, annual operating expenditure, ESG requirements, relevant regulatory approvals or licences, and annual compliance reporting verified by an independent auditor.
Malaysia Digital (MD) Status and MD Tax Incentive
Activity-based: MD eligibility is tied to Malaysia Digital Activities that use the promoted technology enablers specified by MDEC. Merely operating an AI, cloud, fintech or digital business does not automatically confer tax-incentive eligibility.
Status and tax-incentive process: MD Status is granted by MDEC. The MD Tax Incentive is a separate application available to eligible MD or MSC Malaysia Status companies, depending on the relevant incentive category.
Geographic scope: MD Status is a national programme and does not require a company to be located in Forest City.
No automatic stacking: MDEC states that an FC-SFZ Tax Incentive applicant must not already have been granted a tax incentive for the same qualifying activity. MDEC also confirms that MD Status is not required to apply for the FC-SFZ Tax Incentive.
Accordingly, companies should assess the FC-SFZ and MD frameworks separately. Any proposed structure involving different activities, income streams or incentive programmes should be verified with MDEC and qualified tax advisers before any combined tax outcome is assumed.
Strategic Rationale: Proximity, Talent Incentives and Regional Access
Forest City’s location proposition is based on three interlocking factors: proximity to Singapore, targeted talent incentives and early investor interest.
Proximity as operational leverage: Forest City lies approximately 2 km from Singapore at its nearest point, placing qualifying operations close to one of Asia’s major financial and technology hubs. The Johor Bahru-Singapore RTS Link will connect Bukit Chagar in central Johor Bahru with Woodlands North in Singapore. MRT Corp has stated that service is targeted to commence on 31 December 2026. The RTS Link does not serve Forest City directly, so onward road transport between Forest City and central Johor Bahru will still be required.
Talent as a bundled enabler: Eligible knowledge workers in the JS-SEZ may qualify for a special 15% personal income tax rate for 10 years, while eligible MD Status companies may apply for foreign knowledge-worker quotas and passes through MDEC’s expatriate facilitation framework. These are separate benefits with their own eligibility and approval requirements.
Decision Framework: Two Pathways and a Diligence Caveat
The incentive structure is best assessed through two distinct pathways, with a separate due-diligence lens for investors and advisers.
Pathway A – FC-SFZ presence on Pulau 1: This is relevant to eligible fintech companies, FGBS providers and FPSO businesses that can satisfy the physical-location, activity, substance and compliance requirements. The 5% special corporate tax rate is available for 10 consecutive years of assessment and may be extended for a second 10-year period, subject to continued compliance and approval.
This route may suit businesses that value proximity to Singapore while maintaining qualifying operations in Pulau 1. The RTS Link is expected to improve connectivity between central Johor Bahru and Singapore, but it does not remove the requirement for companies to maintain the approved substance and qualifying activities in Forest City.
Pathway B – MD Status and MD Tax Incentive nationwide: This pathway may be relevant to eligible digital companies operating elsewhere in Malaysia. MD Status is granted nationally by MDEC, and eligible companies may subsequently apply for the MD Tax Incentive. The applicable reduced tax rate or ITA depends on whether the company applies under the New Investment or Expansion category and on the conditions it meets.
Investors and advisers should note that headline rates are not the same as effective tax rates. The outcome for any entity depends on qualifying activities and income, approved commitments, substance conditions and the specific incentive secured. Groups with annual consolidated revenue of EUR750 million or more may also be subject to Malaysia’s domestic top-up tax rules where the relevant effective tax rate falls below 15%. Tax outcomes should therefore be modelled only after verification against current primary sources and professional advice.
The Verdict
Forest City’s proposition to fintech and technology-enabled financial-services companies is specific and condition-based: a 5% special corporate tax rate for qualifying fintech, FGBS and FPSO activities carried out in Pulau 1 using promoted technology enablers. The incentive runs for 10 consecutive years of assessment and may be extended for a second 10-year period, subject to compliance and approval. It is neither a blanket 5% rate for all AI or technology companies nor a 100% income tax exemption.
Alongside this are the separate SFO Incentive Scheme, which may provide a 0% tax rate for up to 20 years subject to SC requirements; the JS-SEZ’s special 15% personal income tax rate for eligible knowledge workers for 10 years; and the national MD Tax Incentive, which offers different reduced tax rates or ITA options depending on whether an applicant qualifies under the New Investment or Expansion category. Applications for the MD Tax Incentive are open until 31 December 2027.
Reported traction includes 260 cumulative investor enquiries recorded by Invest Johor by June 2026 and six families granted conditional approval under the SFO Incentive Scheme, with indicative assets under management close to RM400 million as reported by the SC in October 2025. Forest City also benefits from proximity to Singapore, while the RTS Link is targeted to commence service on 31 December 2026 between central Johor Bahru and Woodlands North.
For companies and investors, the key question is not simply whether these incentives exist, but whether their exact activities, income streams, location, substance commitments and corporate structure satisfy the conditions required to access them in practice. Current official guidance and qualified tax advice should be obtained before any investment or structuringHashtag: #ForestCity
The issuer is solely responsible for the content of this announcement.
Anthropic has agreed to spend about $45 billion over six years to secure artificial intelligence computing capacity from British infrastructure company Nscale, deepening the Claude developer’s push to lock in scarce power and advanced chips ahead of an anticipated stock market listing. The agreement covers roughly 460 megawatts of computing capacity at Nscale’s Monarch Compute Campus in Mason County, West Virginia. Nvidia’s next-generation Vera Rubin systems are […]
HONG KONG SAR – Media OutReach Newswire – 28 August 2026 – Cyberport’s flagship annual event, the Digital Entertainment Leadership Forum 2026 (DELF 2026), opened today at Cyberport. The opening ceremony was officiated by Prof Sun Dong, Secretary for Innovation, Technology and Industry, and Mr Simon Chan, Chairman of Cyberport.
Under the theme “The Dreamatic Circus”, DELF 2026 explores how artificial intelligence (AI), immersive technologies, and other innovations are transforming the cultural and creative industries while creating new opportunities for digital entertainment and smart living. Running for three days, the event features four themed experience zones: Digital Entertainment, Culture and Arts, Smart Living and Business, and Robotics and Drones, showcasing more than 35 technology exhibits and interactive experiences.
Highlights include the immersive art exhibition of Hong Kong animation IP Another World, AI-powered fashion innovations, combat robots, drone performances, screenings, workshops, and competitions, offering visitors first-hand experience of emerging technologies.
DELF 2026 brings together more than 60 industry leaders, creators, academics, experts, and investors from Hong Kong, the Mainland, and overseas. The programme includes keynote speeches and panel discussions on AI collaboration, intellectual property development, the creative economy, smart living, film, gaming, animation, and immersive technologies.
On the first day, Cyberport signed memoranda of understanding respectively with Alibaba Cloud, The Hong Kong Academy for Performing Arts, and Hong Kong Shue Yan University. The partnerships will promote AI innovation, art-tech development, entrepreneurship, skills training, and talent cultivation, further strengthening collaboration among industry, academia, and research sectors.
Over the next two days, DELF 2026 will continue with eVTOL flight demonstrations, esports experiences, AI creative learning programmes, and showcases of AI-assisted animation and film projects. A special “Play to Earn” campaign will also allow visitors to complete missions, collect rewards, and win exclusive Another World merchandise.
SINGAPORE – Media OutReach Newswire – 28 August 2026 – Aolani, a Singapore-founded neocloud powering AI growth, today announced the launch of the Aolani Token Factory, a managed inference platform that enables organisations to deploy and scale AI models on a pay-per-token basis without provisioning or managing the underlying GPU infrastructure. The launch of the token factory will make Aolani the first Singapore-founded neocloud to offer production-grade, managed inference at scale.
As global AI companies expand their operations in Singapore, and companies around the world invest in AI to drive real business outcomes, the demand for production-grade inference infrastructure is quickly accelerating. Aolani Token Factory is designed to close the accessibility gap, giving AI-native companies and companies a highly compliant and high-performance path from AI experimentation to production-scale deployment.
The Aolani Token Factory will be offered as a per-token metering, where customers can pre-purchase credits and pay based on token consumption, rather than investing in capital-intensive GPU infrastructure. Aolani manages the full inference stack, including GPU capacity allocation, model serving, orchestration, scheduling, and workload optimisation, which allows customers to scale consumption without continuously provisioning additional infrastructure.
The platform supports leading open-source models at launch, including DeepSeek, GLM, Kimi, and Qwen. Aolani plans to further expand the model catalogue over time based on customer demand and availability. Customers can also deploy their own models through OpenAI-compatible APIs. Dedicated capacity and data isolation options are available for enterprise customers with strict compliance and data residency requirements.
The Aolani Token Factory will support three core production use cases:
AI agents for high-volume inference and workflow automation
Enterprise AI applications including internal copilots, knowledge assistants, and document intelligence
Coding agents for code generation, completion, testing, and review
Sea Xu, Applied AI Research Lead at Aolani said: “The Aolani Token Factory is built on a high-performance inference stack that supports the most in-demand open-source model families. We designed the platform for fast model adaptation and deployment, so our customers can get access quickly as new models emerge. As Southeast Asia’s AI ecosystem evolves and grows rapidly, it is our goal to ensure that the infrastructure serving it keeps pace.”
Nicholas Chia, Chief Executive Officer at Aolani said: “Fast-moving AI natives want to build and ship products flexibly and on-demand, without the need to manage GPU fleets. With our competitive per-token pricing and a fully managed stack, companies can go from model selection to production deployment without the capital outlay or operational complexity of self-managed infrastructure. This is a significant milestone for us and our customers as the Aolani Token Factory will fundamentally change how customers access AI compute.”
The issuer is solely responsible for the content of this announcement.
Aolani
Where AI gets built in Asia. Headquartered in Singapore and founded in 2023, Aolani is backed by compliant and purpose-built infrastructure to deliver the performance capabilities for next-generation AI. Aolani’s AI factories enable organisations to build with confidence, scale ambitiously, and move at hyper-speed in the world’s fastest-growing AI market.