News related to
demand

Reaffirming Thailand’s status as a world destination for the luxury residences market

BANGKOK, THAILAND – Media OutReach Newswire – 30 June 2026 – CG Capital Advisory Limited (CG Capital), Thailand’s leading investment manager from Central Group specializing in real estate and hospitality investment, today announced a major strategic investment milestone under the leadership of Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital. The company unveiled its forward-looking vision for the luxury residential and hospitality markets in Thailand, alongside the official launch of the sales gallery for InterContinental Residences Bangkok Asoke. The project carries a total development value of THB 5.5 billion, with two-bedroom units starting from THB 44.8 million. Reservations have already surpassed 60% ahead of the project’s official public launch, a clear sign of confidence in CG Capital’s strategy and its world-class standards.CG Capital’s Vision: Reading Global Volatility, Positioning Thailand as a World Destination.

Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, said that despite a difficult global economic backdrop, marked by slowing markets, geopolitical conflict, and volatility in traditional capital markets, CG Capital sees Thailand’s luxury real estate market moving in the opposite direction. Driving this is a major shift in the behaviour of the world’s wealthiest individuals: a wave of global wealth migration. Data from Henley & Partners shows the number of high-net-worth individuals (HNWIs) relocating globally has surged from 51,000 in 2013 to 142,000 in 2025, a 178% increase over 12 years.

“Global markets are slowing down, but Thailand is holding its position as a world destination. Demand from HNWI buyers, both Thai and international, hasn’t dropped off. If anything, these buyers have become more selective about the assets they choose. That tracks with what we’re seeing from Thailand’s Board of Investment, which has approved Long-Term Resident visas for more than 6,000 wealthy global citizens since 2022. Thailand isn’t just a tourism destination anymore. It’s become a place HNWIs choose for long-term residence and investment,” said Mr. Phoom.

Claiming the Asian Crown: The “Right Brand, Right Partners, Right Product” Strategy

Rising demand for high-end residences has pushed CG Capital’s investment strategy toward branded residences, the fastest-growing segment of the market. Thailand currently holds the largest market share of branded residences in Asia at 23.3% of the region’s USD 26.6 billion total market value, ahead of the Philippines (17.3%) and South Korea (11.6%). CBRE’s Global Branded Residences report ranks Thailand 4th in the world by number of projects, with Bangkok and Phuket sitting among the world’s top 10.

Mr. Phoom Chirathivat added:”The success of InterContinental Residences Bangkok Asoke comes down to understanding global trends. What sets us apart is ‘Right Brand, Right Partners, Right Product,’ paired with Bangkok’s best location, Sukhumvit. We’re not chasing a trend. We’re reading the market and building on the long-term confidence we have in this country.”

From Private Equity DNA to World-Class Product Development

What sets CG Capital apart, as the largest private equity fund manager in Thailand’s real estate and hospitality sector, is the way it applies institutional investment thinking to every part of development. Long-term asset value gets weighed through two lenses at once: capital appreciation and living experience.

CG Capital’s Next Steps and the Official Sales Gallery Launch

Looking ahead, Mr. Phoom said CG Capital will keep pursuing new investment opportunities in the hospitality segment, setting new standards for Thailand’s real estate industry. “Reservations above 60% so far are a clear vote of confidence in CG Capital. Now that the sales gallery is open to the public, we’re confident the design and craftsmanship on display will help the project move quickly toward its sales target, further cementing CG Capital’s position as Thailand’s leading branded residences developer,” he said.

InterContinental Residences Bangkok Asoke welcomes visitors to view show units at the sales gallery from 4–5 July onward. Interested parties may schedule an exclusive private appointment via https://residencesasoke.com/
or Tel: 092-989-2616

Expanding the Reach: Bringing the Project to International Buyers

Alongside the sales gallery opening in Bangkok, CG Capital continues to take InterContinental Residences Bangkok Asoke directly to international buyers. The project will next be featured at “Thailand: A New Chapter Begins,” an exclusive showcase hosted by CBRE Thailand in collaboration with Taiwan Sotheby’s International Realty in Taipei on 3 – 4 July 2026, from 1:30 p.m. – 5:00 p.m. at W Taipei (Strategy Room 1).

Taiwan is a market CG Capital sees as a promising source of long-term residence demand. According to CBRE Thailand and Real Estate Information Center (REIC), Taiwanese buyers now rank as the fourth-largest group of foreign buyers in Thai property market, with transaction value growing an average of 27% a year between 2023 and 2025. Thailand’s appeal to this group comes down to geographic proximity, competitive entry pricing, and a lifestyle suited to long-stay living.

For CG Capital, the event is also a chance to read first-hand how Taiwanese HNWIs are thinking about long-term residence and investment in Thailand. Interested parties in Taiwan may get in touch, please contact Taiwan Sotheby’s International Realty 0800.887.288 (Taiwan) or CBRE Thailand +66(0) 81 742 6624 (Thailand).

Hashtag: #CGCapital #InterContinentalResidencesBangkokAsoke

https://centralgroupcapital.com/
https://www.facebook.com/Centralgroupcapital/

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

About CG Capital

CG Capital Advisory Limited manages private equity investments for blue-chip domestic and international institutional and UHNW investors with an inaugural fund size of THB 10 billion, investing primarily in Thailand’s hospitality, tourism, and real estate sectors through greenfield, brownfield, and turnaround strategies. Its diversified portfolio includes hotels, branded residences, condominiums, amusement and water parks, and mixed-use developments, focusing on Thailand’s leading travel destinations such as Bangkok, Phuket, Koh Samui, and Pattaya.

Led by Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, the firm combines deep expertise in investment and hospitality with a strong conviction in Thailand’s tourism potential—particularly within the luxury and lifestyle segments.

Legal disclaimer
Sixteen Residences Limited, being the current owner and developer of InterContinental Residences Bangkok Asoke, is solely responsible for the development, marketing, and sale of the Units. The Units are not owned, developed or sold by InterContinental Hotels Group PLC or its affiliates (collectively “IHG”). There exists no joint venture, partnership, ownership or similar relationship between Sixteen Residences Limited and IHG. IHG is not responsible for the content presented in this press release.

The ranking places Alibaba Cloud among the region’s most advanced providers of agentic AI infrastructure and development platforms. The company achieved the highest scores across six of nine evaluation dimensions, with its full-stack agentic AI approach highlighted as a key differentiator. That framework spans infrastructure, foundation models, model services, enterprise development tools and deployment systems designed to help companies build AI agents capable of planning, reasoning and executing tasks across business workflows.

The recognition comes as agentic AI shifts from experimental pilots to enterprise adoption. The Asia and Oceania market for agentic AI software is projected to grow from $782 million in 2025 to $11.2 billion by 2030, implying a compound annual growth rate of about 94 per cent. The surge reflects demand from banks, retailers, logistics companies, manufacturers and public-sector organisations seeking systems that can automate multi-step work rather than merely generate text, code or images.

Alibaba Cloud’s pitch rests on a vertically integrated stack. Its Qwen foundation models underpin a growing range of cloud services, while Model Studio gives developers access to Qwen-Max, Qwen-Plus, Qwen-Turbo, Qwen-VL, Wan and other model families. The company has also been expanding Platform for AI, Lingjun infrastructure and agent-building toolkits intended to make AI deployment easier for enterprises that lack large in-house research teams.

The company’s Singapore push has become central to its international AI strategy. At its first international Qwen Conference in Singapore in May, Alibaba Cloud introduced Qwen3.7-Max through Model Studio in the Singapore region, unveiled Qwen Cloud as an AI-native platform, and launched agent products aimed at helping companies build and manage autonomous systems. The Skills portal converts capabilities across more than 60 cloud products into agent-callable functions, allowing AI agents to interact with databases, security tools, big-data services and operations systems.

Alibaba Cloud’s commercial momentum has also improved. Cloud Intelligence Group revenue rose 38 per cent year on year to RMB41.63 billion in the January-March quarter, while external cloud revenue grew 40 per cent. AI-related products accounted for about 30 per cent of external cloud revenue and delivered triple-digit growth for the eleventh consecutive quarter. Annualised AI-related product revenue surpassed RMB35.8 billion, indicating that enterprise demand has moved beyond proof-of-concept budgets.

The company is investing heavily to defend that position. Alibaba has indicated that spending on AI and cloud infrastructure will exceed its earlier three-year plan of up to RMB380 billion, as executives prioritise market share and capacity expansion over near-term margins. That strategy carries risks. The group’s earnings have been pressured by high capital expenditure, competition in commerce and infrastructure costs linked to advanced computing demand.

The broader market remains intensely contested. Regional and global cloud providers are building agentic AI platforms that combine foundation models, orchestration layers, retrieval systems, governance tools and specialised compute. Amazon Web Services, Microsoft Azure, Google Cloud, Huawei Cloud, Tencent Cloud and Baidu AI Cloud are all competing for enterprise workloads tied to automation, coding agents, customer-service agents and industry-specific decision systems.

Alibaba Cloud’s advantage in Asia rests partly on its ability to link AI models with commerce, logistics, finance, cloud and developer ecosystems. Its Qwen family has gained traction among developers because of open-source releases and multilingual capabilities, while its enterprise services are being positioned for customers that need lower latency, data-residency options and region-specific compliance controls. The company also benefits from its leadership in Asia-Pacific infrastructure-as-a-service revenue, where it held a 22.5 per cent regional share in 2025.

The agentic AI market, however, faces unresolved issues around reliability, accountability and security. Autonomous agents can call tools, access corporate data and act across software systems, raising concerns over permission controls, audit trails, hallucinated actions and exposure of sensitive information. Enterprise buyers are increasingly looking for guardrails, monitoring, role-based access and human approval mechanisms before allowing agents to handle financial, legal or operational decisions.

By Nantoo Banerjee West Bengal’s first ever Bharatiya Janata Party (BJP) government’s resolve to rebuild the state to its “old glory” sounds good though reversing decades of economic stagnation and industrial decline remains an incredibly difficult challenge. Economically, West Bengal’s rank among Indian states has dropped from No.1 till the mid-1960s to below 10 now. […]

The article Bid To Rebuild Bengal To Its Old Glory Is Welcome, Though Difficult appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Building Performance Modelling as a Strategic Tool
Integrated modelling uses computer-based simulations to predict how a building will perform even before it is constructed. By analysing factors such as energy consumption, indoor comfort, daylight access, airflow, and operational efficiency, it helps project teams understand how design decisions may affect a building’s long-term performance.

Traditionally, this approach has been used to support compliance with building regulations and sustainability certification frameworks. However, its role is expanding as project teams increasingly seek data-driven insights during the design process.

One factor contributing to this trend is the growing focus on measurable operational outcomes. Frameworks such as NABERS Commitment Agreements and Section J Performance Solutions require project teams to demonstrate expected building performance before construction begins. As a result, modelling is becoming an increasingly valuable tool for evaluating whether design targets can realistically be achieved.

The approach is already widely adopted across Australia’s construction sector. Research indicates that approximately 90% of new residential developments and 85% of non-office commercial projects now incorporate building performance modelling. At the same time, around 53% of standard projects and 49% of premium projects are using modelling primarily for compliance-based assessments.

“Modelling is increasingly viewed not just as a compliance requirement, but as a practical tool for evaluating whether design targets can realistically be achieved,” shared Erika Yuniarti, Managing Director of Afogreen Build.

Integrated Modelling Provides a Broader View of Building Performance
Many project teams are also moving beyond assessments that focus on a single performance metric.

Integrated modelling evaluates multiple aspects of building performance together, including:

• Energy use
• Thermal comfort
• Daylight access
• Ventilation
• Occupant experience

This approach allows stakeholders to better understand how different building systems and design decisions interact with one another.

By identifying potential issues earlier in the design process, project teams can make more informed decisions before significant design resources are committed. This can help reduce design revisions, improve overall efficiency, and provide greater confidence that performance objectives can be achieved once the building is operational.

Applications Across Multiple Sectors
The growing adoption of building performance modelling can be seen across a variety of project types. Recent projects undertaken by Afogreen Build highlight how simulation-based assessments are helping project teams evaluate performance, improve design outcomes, and support sustainability objectives.

a. Large-Scale Hotel Development
One project involved the transformation of a former police station site into a two-tower hotel complex with a gross floor area of approximately 25,000 sqm. The development combines a 131-room boutique luxury lifestyle hotel with a 451-room budget-friendly hotel, creating a diverse hospitality offering designed to serve different traveller segments.

To support both guest comfort and sustainability objectives, Afogreen Build conducted integrated daylight, glare, and energy modelling throughout the project. Daylight simulations showed that approximately 94% of guest rooms met daylight performance requirements, while glare assessments helped optimise visual comfort within occupied spaces.

Energy modelling indicated an overall reduction in energy consumption of 30.2% compared to baseline building performance. The analysis also identified key areas of energy use, providing valuable insights that can support future operational and system optimisation efforts.

b. Train Station Project
For a train station project, Afogreen Build adopted an integrated modelling approach to evaluate factors such as daylight access, thermal comfort, glare, and natural ventilation across key passenger areas, including the concourse and platforms.

The simulations helped project stakeholders better understand how environmental conditions would affect the passenger experience throughout the day. Findings from the study informed façade design strategies, balancing natural daylight with measures to reduce excessive glare and solar heat gain in occupied spaces.

The assessments also identified opportunities to improve thermal comfort and air movement within the station, supporting a more comfortable environment for commuters while maintaining energy-efficient design principles.

c. High-Performance Data Centre
Afogreen Build also applied building performance modelling to a 50 MW data centre project, where energy efficiency was a key design consideration.

The study evaluated the interaction between IT equipment, cooling systems, power distribution infrastructure, and other supporting building systems. By analysing how these components work together under operational conditions, the project team was able to gain a clearer understanding of the facility’s overall energy performance and identify opportunities for optimisation.

The modelling contributed to an optimised Category 2 Power Usage Effectiveness (PUE) range of 1.19 to 1.31, reflecting a highly efficient approach to managing energy consumption within a large-scale, energy-intensive facility.

Together, these projects demonstrate how building performance modelling can be applied across diverse sectors, each with its own operational requirements and performance priorities.

The Future of Performance-Driven Design
As sustainability frameworks and performance expectations continue to evolve, Afogreen Build expects modelling to become an increasingly important part of project planning and design across a wide range of sectors.

“There is increasing emphasis on understanding how buildings are likely to perform before they are built, rather than waiting until they are operational to identify challenges,” said Ms. Erika. “The ability to evaluate performance early in the design process is becoming increasingly valuable as projects face more complex sustainability and operational requirements. The team should work closely with project stakeholders to establish realistic assumptions and evaluate likely performance outcomes from the outset. This process helps reduce unnecessary design iterations, improve modelling efficiency, and increase the likelihood of achieving targeted performance objectives. By integrating performance considerations earlier in the design process, project teams are better positioned to deliver buildings that meet both compliance requirements and long-term operational goals.”

For more information about building performance modelling and sustainability consulting services, visit Afogreen Build’s website.
Hashtag: #AfogreenBuild

https://www.afogreenbuild.com/au/

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

Afogreen Build

Afogreen Build is a building sustainability consultant in Australia specialising in sustainability advisory, environmental simulations, and performance modelling. Its services include building energy simulation, daylight analysis, thermal comfort assessments, CFD modelling, and green building certification consulting for projects across the Asia-Pacific region. The company supports project teams in designing buildings that prioritise energy efficiency, occupant comfort, and long-term.

The event, staged on 27 June under the theme “Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy”, brought together senior government officials, banking executives, fund specialists and business figures at a time when Hong Kong is sharpening its role as an international asset and wealth management centre. The programme focused on three closely linked priorities: helping companies expand overseas, strengthening Hong Kong’s position as a global offshore renminbi hub, and turning demographic change into investable opportunities across healthcare, insurance, lifestyle and retirement planning.

Michael Wong, Acting Financial Secretary of the HKSAR Government, Christopher Hui, Secretary for Financial Services and the Treasury, and Stephen Chan, Deputy Chief Executive of BOCHK, officiated at the event. Other participants included Ko Wing-man, Standing Committee member of the National Committee of the CPPCC; Siu Sai-wo, General Manager for Business Operations at TVB; Pauline Ngan, Deputy Chairman and Managing Director of Mainland Headwear Holdings; Sam Yu, Chairman of the Hong Kong Investment Funds Association; Jack Yang, RMB Business Executive Director of BOCHK; Terry Wong, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation; Angus Chan of Chinachem Group; and Wilson Tang, Chief Executive of BOC Group Life Assurance.

The expo’s opening forum examined how wider use of the renminbi could support enterprises expanding beyond their home markets. Speakers discussed changing global investment conditions, cross-border settlement, capital-market access and Hong Kong’s role as a bridge between the mainland and international investors. The focus reflected a policy push to deepen offshore renminbi activity while helping companies manage foreign exchange, financing and liquidity risks during overseas expansion.

Stephen Chan said Hong Kong was positioned to benefit from the 15th Five-Year Plan’s support for the city as an international asset and wealth management centre. BOCHK would align with government policy by deepening regional business development and promoting wider use of the renminbi, while contributing to Hong Kong’s standing as an international financial centre.

The event also gave prominence to the silver economy, a fast-expanding theme in Asian wealth and business strategy as ageing populations reshape demand for health services, insurance, property, retirement products and lifestyle consumption. The summit forum explored how traditional industries could adjust supply chains and develop services for older consumers, with particular attention to healthcare, elderly care, insurance and technology-enabled services.

Hong Kong’s wealth industry has entered the year with strong structural tailwinds. The city’s asset and wealth management business stood at more than HK$35 trillion at the end of 2024, with more than half of assets sourced from outside the mainland and Hong Kong. The number of single-family offices exceeded 3,380 by the end of 2025, up by about 680 from the end of 2023. Hong Kong has also overtaken Switzerland as the world’s largest cross-boundary wealth management centre, with cross-border wealth booked in the city reaching about $2.9 trillion in 2025.

That momentum is being matched by more intense competition and tighter compliance expectations. Banks and wealth managers are expanding advisory services, digital platforms and family-office offerings, but cross-border flows are facing closer scrutiny as authorities seek to ensure funds move through proper channels. The challenge for the city is to preserve its appeal to private clients while remaining aligned with broader policy priorities, including corporate treasury management, offshore renminbi use and regulated investment connectivity.

The expo’s workshops covered global fund and equity-market conditions, retirement wealth planning, emerging-market investment and multi-asset income strategies. One session examined renminbi assets and China’s equity and bond markets in the context of deeper economic links with ASEAN, the Global South and Belt and Road partner countries. Another looked at income opportunities across Asia-Pacific and emerging markets as investors reassess portfolios amid volatile global equity and bond markets.

Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy

HONG KONG SAR – Media OutReach Newswire – 27 June 2026 – The “Wealth Management Expo 2026”, powered by Bank of China (Hong Kong) (“BOCHK”) and organised by TVB under the theme of “Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy”, was successfully held today. The Expo featured top-tier financial experts and prominent figures for market pulse insights and visionary perspectives on the international landscape, the international use of RMB, enterprises going global, silver economy and wealth management.

The Expo was officiated by Mr. Michael WONG, GBS, JP, Acting Financial Secretary of the HKSAR Government; Mr. Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury of the HKSAR Government; and Mr. Stephen CHAN, Deputy Chief Executive of BOCHK. Mr. Christopher HUI also shared at the opening forum on how Hong Kong as a global offshore RMB hub supports enterprises in going global. Other attending guests included Dr. KO Wing Man, GBS, JP, Standing Committee of the National Committee of the CPPCC; Mr. SIU Sai Wo, General Manager (Business Operations) of TVB; and representatives from BOCHK.

Mr. Stephen CHAN, Deputy Chief Executive of BOCHK, said in his opening remarks, “This year marks the inaugural year of the nation’s 15th Five-Year Plan, which clearly supports Hong Kong in strengthening its role as an international asset and wealth management centre. Against this backdrop, Hong Kong, as a vital bridge between the Chinese Mainland and the rest of the world, is set to tap into an unprecedented opportunity for growth. Bank of China (Hong Kong) will actively align with national policies and the HKSAR Government’s direction by deepening its regional business development and promoting the international use of RMB, while continuing to fulfil its corporate social responsibilities, contributing to the consolidation of Hong Kong’s position as an international financial centre.”

Opening Forum: Experts Shared Insights on RMB Empowering Enterprises to Go Global

The opening forum of the Expo “New Opportunities in Global Wealth Investment: RMB Empowering Enterprises to Go Global” featured Mr. Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury, HKSAR Government; Mrs. Pauline NGAN, BBS, JP, Deputy Chairman and Managing Director of Mainland Headwear Holdings Limited, Member of the National Committee of the CPPCC; Mr. Sam YU, Chairman of Hong Kong Investment Funds Association; and Mr. Jack YANG, RMB Business Executive Director of BOCHK. They engaged in an in-depth discussion on the international market trends, enterprises going global and the international use of RMB, elaborating new investment opportunities.

Summit Forum: Decoding Silver Economy Opportunities and Industry Integration

The growing silver-haired population is driving demand across a range of areas, including health, lifestyle and wealth management. Held under the theme “Redefining Value in the Silver Age: Uncovering Blue Ocean Market Opportunities”, the summit forum featured Dr. KO Wing Man, GBS, JP, Standing Committee of the National Committee of the CPPCC; Mr. Angus CHAN, Director of Elderly Care Services of Chinachem Group; Mr. Terry WONG, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation; and Mr. Wilson TANG, Chief Executive of BOC Group Life Assurance Company Limited. Drawing on a macro perspective on industry structure, the speakers analysed the business opportunities within the silver economy and explored how to drive supply chain transformation and integration across traditional industries such as healthcare and insurance, while offering a forward-looking view of the immense potential of this emerging market.

Thematic Workshops and Immersive Digital Experience Zone, Showcasing Comprehensive Wealth Growth Strategies

The Expo also held several thematic workshops, in which experts analysed prevailing topics, including global fund and equity market conditions, retirement wealth planning, and emerging markets, equipping clients with insights into wealth growth strategies. Two fund workshops focused respectively on emerging markets and global income opportunities. The first workshop, “Focusing on Emerging Value in Asia: Embarking on a New Chapter for RMB Assets and China’s Equity and Bond Markets”, examined how the Chinese Mainland’s deepening cooperation with ASEAN, the Global South, and Belt and Road Initiative partner countries is generating new investment opportunities in emerging markets. The workshop also offered an investment outlook of the implications of the National 15th Five-Year Plan and the shifting global landscape for RMB assets and the Chinese Mainland’s equity and bond markets. The second fund workshop, “Harnessing Multi-Asset Strategies to Capture Asia-Pacific Income Opportunities,” explored how investors should diversify asset portfolio amid heightened volatility in global equity and bond markets, while capturing income opportunities from Asia-Pacific and emerging markets.

The retirement planning workshop, “Forward-Looking Wealth Planning: Charting Your Own Path to a Premium Retirement”, addressed the retirement pain points commonly faced by Hong Kong residents, offering financial advice for the silver generation to build a solid safety net for themselves and their families. The equities workshop, “Navigating 2026: Decoding Stock Market Strategies”, dissected global equity market performance and explored how different financial products can be used to balance aggressive and defensive positioning to capture markets with growth potential. The wealth management workshop, “AI-led Future: Blue Ocean Opportunities in Southeast Asia and New Horizons for Enterprises Going Global”, examined the AI investment boom and analysed the unique edge of Hong Kong as a “super value-adder” for enterprises going global.

A 3D immersive digital experience zone highlighted BOCHK’s capabilities across its expansive network reach, anti-fraud education, professional services, digital innovation leadership and award-winning credentials.

BOCHK Private Wealth also officially unveiled its new Wealth+ service proposition at the event, expanding its scope beyond wealth management to encompass multi-dimension of clients’ lives, including lifestyle experiences, family financial planning and holistic well-being, with a commitment to addressing client’s unique and individual needs.

The “Wealth Management Expo 2026” concluded successfully with fruitful outcomes. Through a full day of engaging forums, workshops, digital experience zone and sponsored booths, industry professionals, investors and the public can gain insights into global opportunities, keep abreast of the latest development in the international use of RMB and the strategic advantages of enterprises going global, while capitalising on the diverse opportunities presented by the silver economy, and mastering financial management and wealth growth.

Hashtag: #WealthManagementExpo2026

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

By K Raveendran India’s decision to initiate an anti-dumping investigation into cheap steel imports marks more than another defensive trade action. It is a reminder that globalisation, which New Delhi has often invoked when Indian exports face barriers abroad, becomes far more complicated when the pressure arrives at home. The steel case has exposed the […]

The article Steel Exposes Hard Limits Of Much-Vaunted Free Trade Piety appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Global Industry Leaders Convene, Charting a New Chapter for the Intelligent Era

Liu Ying, Executive Vice President of China Telecom, stated in her speech that China Telecom closely align with the high-quality joint construction of the Belt and Road Initiative, promoting the deep integration of mature domestic technological capabilities with global cloud and network resources, and steadily enhancing its international operational strength. Through continuous cultivation, China Telecom has built an AI Token international operation capability system, consolidating the foundation for expanding the global market and deepening ecosystem cooperation. Based on the new stage of the AI Token era, China Telecom is committed to leveraging Token operations as a bond to share the new global computing network, co-create a new paradigm of AI services, jointly govern the new cross-border compliance order, and collectively embrace the new value of the digital intelligence wave.

Hashtag: #ChinaTelecom

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

The consensus emerged during the 12th CEIBS Europe Forum, a flagship dialogue held across Paris (22 June) and Brussels (24 June) bringing together policymakers, industry executives, and academics.

Addressing the forums, former President of the European Council Charles Michel stressed that AI is no longer merely a technological issue, but a matter of “sovereignty, leadership, and power.” He identified semiconductors, data infrastructure, and regulatory policy as the core variables shaping future international relations. While acknowledging intensifying global competition, Michel called for “responsible collaboration,” noting that Europe’s mature approach to corporate governance and data security could confer distinct long-term resilience.

The events highlighted a clear strategic divergence in global AI: the US leads in frontier investment, China excels in large-scale application and open-source models, while Europe dominates in regulatory frameworks. “The more intense the competition becomes, the more important dialogue and cooperation are,” noted CEIBS President Wang Hong, highlighting the need to balance global AI governance.

Other speakers included Chinese Ambassador to the EU Cai Run and Chinese Minister to France Chen Li.

Industry panels featuring executives from Siemens, EDF, and leading robotics firms reinforced this pragmatic approach. Across sectors like energy, healthcare, and advanced manufacturing, experts agreed that AI acts as an enabler rather than a replacement for human expertise. However, they cautioned that AI’s massive energy demands present a critical challenge—and a prime opportunity for joint Sino-European innovation in grid technology and renewables.

Concluding the Brussels summit, CEIBS Co-President (European) Frank Bournois encapsulated the sentiment of both cities: “Competition is natural, but insufficient. The real formula we need is unity and trust.”

For more information, please visit the official website:
https://www.ceibs.edu/

Hashtag: #CEIBS

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

At MWC IoT Summit 2026, Kigen made the case that the EU Cyber Resilience Act is not a compliance burden — it is a once-in-a-generation opportunity. For manufacturers who move now, the competitive advantage is structural.

SHANGHAI, CHINA – Media OutReach Newswire – 26 June 2026 – 5.5 trillion dollars. That is the annual cost of cybercrime to the global economy — a figure larger than the GDP of every nation except the United States and China. Behind it lies a single, solvable problem: billions of connected devices shipped without robust security baked in.

At MWC IoT Summit 2026 in Shanghai, Jean-Louis Carrara, SVP Global Sales at Kigen, delivered a keynote that reframed this challenge as an inflection point. The message was clear: the era of voluntary security is over, and the manufacturers who recognise this first will define the competitive landscape for the decade ahead.

The Regulation That Changes Everything

The EU Cyber Resilience Act (CRA) is the most significant cybersecurity legislation ever enacted. It covers more than 90% of all IoT products containing digital elements — sensors, gateways, industrial equipment, consumer devices. If it connects, it is covered.

Manufacturers must now provide security updates across a five-year product lifecycle, report confirmed security incidents within 72 hours, and demonstrate security by design from the earliest stages of product development. Non-compliance carries penalties of up to €15 million, or 2.5% of global annual turnover.

Documentation requirements and vulnerability management obligations are already in force from September 2026. For any product in development today — any product planned for market entry in 2027 — compliance is not a future consideration. It is a present one.

“Security is no longer a cost to be minimised. It is an investment in market access, competitive standing, and long-term resilience.”

Market Access as Competitive Advantage

Independent analysis puts the average cost of CRA compliance at approximately €100,000 per product line. Against a potential penalty exposure of €15 million, the arithmetic is straightforward. But Carrara pressed further: as the compliance threshold rises, EU market access becomes selectively available — a structural advantage for those who are ready.

This is the reframe that matters. Security is not a constraint on speed to market. It is the enabler of access to the world’s most demanding — and most rewarding — markets.

Proof at Scale — and Under Pressure

Kigen’s eSIM technology operates across more than 250 terrestrial and satellite networks worldwide. Hundreds of millions of devices. Decades of real-world hardening. But scale, Carrara argued, is not the same as trust.

Trust is demonstrated when the stakes are highest. When significant vulnerabilities were identified in eSIM frameworks used across the industry, Kigen responded within 72 hours — developing and sharing a patch openly, without paywalls, in full coordination with the GSMA and in alignment with ENISA disclosure guidelines.

“We did not wait for regulation to demand it,” Carrara said. “We acted because it was right — and because the industry’s security is only as strong as its weakest point. Our actions supported the coordinated response to develop countermeasures and mitigate the risks and we continue to collaborate on furthering these by contributing back through GSMA and other standards bodies. With certified eSIMs now carrying capabilities to patch, the tools are available for the mandates OEMs must meet on cybersecurity – readily, with our expertise.”

The Platform Already Built

Kigen’s platform delivers autonomous over-the-air security updates — deployable across an entire installed fleet without physical intervention. Native IoT profile management enables secure provisioning at manufacturing scale. Proven interoperability across the global operator ecosystem ensures devices function wherever customers need them.

Kigen also chairs the GSMA eSIM Working Group, actively advancing standards that raise the security floor for the entire industry — not to hold competitive advantage, but to make the ecosystem stronger for everyone.

The Convergence Moment

AI is transforming manufacturing. Advanced connectivity is extending that transformation to every point on the globe. And regulatory-grade security is the condition that makes all of it trustworthy. These forces are converging — and the window for first-mover advantage is open.

The imperative to build every capability in-house belongs to a previous era. The manufacturers who will define this decade are those who identify where deep, specialised expertise already exists — and accelerate their path to market by partnering with it.

The regulatory framework is clear. The technical capability is proven. Trust, at scale, is a durable advantage.

Hashtag: #Kigen #eSIM #MWC #CRA

https://www.kigen.com
https://www.linkedin.com/company/kigen
https://x.com/Kigen_Ltd
Wechat: KigenChina

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

Kigen (UK) Limited

Kigen is the forerunner in secure eSIM and RSP solutions, enabling manufacturers to adopt and scale cellular IoT with ease. Our award-winning solutions are certified to GSMA eSA (eUICC Security Assurance) and SAS (Security Accreditation Scheme) standards—the highest levels of security assurance in the industry. Our technology delivers freedom to choose from 200+ terrestrial and satellite networks, compliant to EU and China cybersecurity and data regulations for export products, with proven interoperability on leading chipsets and modules.

Backed by Arm, SoftBank Vision Fund 2, SBI Group and Salica Investments, Kigen is trusted by leading global brands in consumer electronics, energy, automotive, logistics, and industrial automation.

Learn more at https://kigen.com/ or follow @kigen for #FutureofSIM matters on LinkedIn.