Arabian Post Staff -Dubai Qatar’s prime minister has called for Gulf states to act together to restore regional stability and help secure a settlement between the United States and Iran, arguing that the war should force governments to rethink how security is organised across the Gulf. “We are hoping this war is a wake-up call for everyone,” Sheikh Mohammed bin Abdulrahman Al-Thani said on Sunday at the […]
The assessment evaluated multiple leading AI computing resource management platform providers in China and noted Phancy’s industry-leading technological maturity across heterogeneous accelerator compatibility and adaptation, large-scale cluster operations, and delivery in hybrid cloud environments. Drawing on its accumulated capabilities in heterogeneous computing resource management, fine-grained GPU virtualization and agent-oriented computing services, Phancy received full scores and outperformed the industry benchmark in four out of six evaluated dimensions[1].
According to the IDC report, as AI moves into large-scale deployment, the growing adoption of AI agents is reshaping cloud infrastructure. In the meantime, AI infrastructure is evolving beyond basic computing capacity to become a core part of the enterprise technology stack, supporting digital and intelligent transformation.
Dr. Dai Wenyuan, Founder and Chief Executive Officer of Phancy, said: “The AI industry is moving beyond the ‘model race’ and entering a new phase of large-scale deployment. For enterprises, the real challenge is no longer whether they can access large language models, but about how to translate agentic AI capabilities into sustained productivity while keeping costs under control and operations stable. IDC’s assessment reflects the growing importance of unified management, flexible scheduling and fine-grained operations for heterogeneous computing resources. Phancy will continue to advance its capabilities in heterogeneous computing resource scheduling and agent infrastructure, helping more enterprises unlock the value of AI with greater efficiency, cost-effectiveness and reliability.”
Five Core Capabilities Behind Phancy’s Vendor-Neutral Unified Management Platform
At the core of Phancy’s offering is vendor-neutral unified management software that supports large-scale training and high-concurrency inference for mainstream models across chips from over ten leading vendors[2]. Its core technological capabilities include:
The report highlighted a use case in which a Chinese policy bank significant improved resource utilization by using Phancy’s three-tier resource pool architecture to manage computing resources across three data centers in two locations, while also enabling a smooth business migration.
Looking ahead, Phancy will continue to advance its AI computing resource management platform as AI infrastructure shifts from traditional “cloud + AI” architectures toward greater cloud-native, agent-oriented integration. The Group will continue to help enterprises manage computing resources more efficiently, deploy AI across a wider range of production environments, and turn AI into sustainable business productivity at scale.
Hashtag: #Phancy
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Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”
Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.
European electricity prices for the coming winter have risen to their highest levels since the 2022 energy crisis, with German January contracts trading above €180 a megawatt-hour as gas supply concerns and geopolitical disruption tighten the market across the continent now. The German benchmark on the European Energy Exchange is more than 60 per cent higher than a year ago, signalling growing concern over the cost of […]
Green Limo is the third four-wheel service launched by Green SM in the market, following Green Car and Green Premium, providing a mobility option specifically designed for families, larger groups, business travelers, passengers carrying more luggage, and customers who value greater space, comfort and a smooth ride throughout their journeys.
Featuring a modern exterior design and a spacious three-row cabin, the Limo Green offers the “3 Nos” advantages of an electric vehicle: no emissions, no fuel odors and no engine noise. The vehicle is also equipped with features including a multi-purpose phone charging cable, automatic air conditioning, dedicated air vents for the two rear rows, and an air filtration and deodorizing system, helping maintain a fresh, clean and comfortable cabin environment.
From September 19 to 29, 2026, Green SM will officially hand over the first batch of 500 Limo Green vehicles in Jakarta to pioneering Green SM drivers at the Green SM Kemayoran Depot. In addition to vehicle handovers to pioneer driver partners, the event features test drives, program consultations and application intake, allowing prospective partners to experience VinFast’s modern electric vehicles firsthand, learn more about the new vehicle rental program and receive valuable gifts when placing a deposit.
To celebrate the launch of the new service, Green SM is offering a special promotion for customers using Green Limo for the first time, with 20% off the trip fare, up to IDR 50,000. The promotion is valid for 15 days from September 19 through October 3, 2026, giving customers an opportunity to experience the premium 6-seat electric taxi service at a special introductory fare.
On the same day, Green SM announces its new vehicle rental program, “Rent a VinFast. Become a Green SM Driver. Be Your Own Boss,” for driver partners. With an initial payment starting from just IDR 2 million and rental fees starting from IDR 254,000 per day, the program offers a range of VinFast vehicle options to suit individual needs, including Limo Green, VF e34/Nerio Green, VF 5/Herio Green and VF 6.
Notably, to give driver partners greater confidence as they get started with Green SM, the program provides guaranteed daily earnings of up to IDR 400,000 during the first two months, depending on the applicable conditions, along with revenue sharing of up to 92%. Driver partners can also benefit from a range of incentives, including a sign-up bonus of IDR 1,000,000 per month, a brand bonus of IDR 676,000 per month, and an operating bonus of up to IDR 1,340,000 per month. In addition, driver partners receive free charging at V-Green charging stations, helping reduce operating costs and improve business efficiency.
Mr. Pham Nhat Minh Hoang, Global CEO of Green SM, said: “Green Limo not only adds a new model to Green SM’s fleet, but also offers a suitable option for journeys where space and comfort are priorities. Alongside the Green Limo service, the new vehicle rental program with flexible options gives driver partners an easier way to earn stable income with modern, cost-efficient VinFast electric vehicles. We expect the combination of suitable products, practical policies and Green SM’s 5-star service standards to deliver meaningful value to both driver partners and customers, thereby helping raise the standard of transportation services in Indonesia.”
Throughout its global development journey, Green SM has completed approximately 850 million rides covering nearly 6 billion kilometers, helping reduce more than 800,000 tons of CO₂ emissions, equivalent to the amount of carbon absorbed by approximately 36 million trees. In Indonesia, Green SM continues to expand its all-electric mobility options, increase its coverage and enhance service quality, in line with its “5 Green Promises” commitment, contributing to greener transportation and creating positive value for local communities, the environment and the local economy./.
Hashtag: #GreenSM
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Coinciding with the historic milestone of the Pinglu Canal being completed and navigable, a canal opens up a physical trade corridor between China and ASEAN, opening a new chapter of digital economy collaboration. “Goods Flow Across Rivers and Seas, Digital Intelligence Connects ASEAN” has become the most distinctive symbol of the era at this forum. The forum closely follows the differentiated development path of “R&D in Beijing, Shanghai, and Guangzhou + Integration in Guangxi + Application in ASEAN”, solving problems through technological breakthroughs, gathering momentum through industry-finance linkage, and promoting effectiveness through scenario implementation, to deepen and solidify China-ASEAN AI cooperation.
Technology empowers the opening, creating a new paradigm of human-machine collaboration
The forum kicked off with Guangxi’s classic ethnic song “Folk Songs like the Spring River”, where human dancers, dancing robots, accompaniment robots, and a digital crowd performing the folk song collaborated across disciplines to perform group collaborations. Relying on millisecond-level cluster scheduling technology, ethnic culture and embodied intelligence were deeply integrated to create an immersive technological audiovisual feast. This forum innovatively adopted a three-party collaborative hosting model of “human host + digital human avatar + intelligent robot”. Yang Yanqing, Professor of ShanghaiTech University, coordinated with her digital human avatar and AGIBOT Lingxi X2 to jointly host the forum, empowering the forum scene through technology, which became a major highlight of the event.
Dr. Padapxay SAYAKHOT, Director-General, Institute of Information and Communication Technology, Ministry of Technology and Communications, Lao PDR, Sun Ruijun, Director-General, China-ASEAN Technology Transfer Center, Secretary of the Party Leadership Group and Director-General, Department of Science and Technology of Guangxi Zhuang Autonomous Region, Secretary of the Party Committee, Guangxi Institute of Industrial Technology, delivered speeches in succession. Both sides stated that they will use this forum as a link to deepen the connection of scientific research and innovation, the implementation of industrial scenarios, and the coordination of policies and mechanisms, gather synergy for digital and intelligent development, and serve the building of a closer China-ASEAN community with a shared future.
Industry authorities gather, anchoring regional AI development directions
The speakers at the forum combined international breadth and professional depth, bringing together industry experts, academic and cutting-edge research forces, industrial technology, and cross-border implementation capabilities from ASEAN countries, forming a core high ground for intellectual exchange and gathering top intellectuals for China-ASEAN AI innovation and development.
Industry experts from ASEAN countries: Dr. Wasan Pattara-atikom, Vice President, National Science and Technology Development Agency, Thailand; Li Haizhou, Fellow of the Academy of Engineering, Singapore (SAEng), Dean of the School of Artificial Intelligence, the Chinese University of Hong Kong, Shenzhen; YAP Hwa Jen, Professor of Universiti Malaya, Managing Director of the UPUM Sdn. Bhd.;
Academic and cutting-edge research forces: Yang Chao, Professor of Peking University, Founder and Chief Scientist of Beijing 1011 Technology Co., Ltd.; Cui Peng, Professor of Tsinghua University and Chief Scientist of Stable AI (Xiong’an) Technology Co., Ltd.; Wang Shisong, Professor of Guangzhou University, Co-founder of Abelian (a quantum-resistant blockchain infrastructure);
Industry technology and cross-border implementation forces: Li Nan, Founder, Chairman, and CEO of Maimai Technology Group; Yao Yuan, Vice President of the Middle East Asia-Pacific Region Division, AGIBOT Innovation (Shanghai) Technology Co., Ltd.; Lyu Jun, Chief Scientist of Shanghai Noematrix Technology Co., Ltd.; Liu Liqi, General Manager of Data Strategy Department, X Square Robot Technology (Shenzhen) Co., Ltd.
The guests focused on three major directions, namely embodied intelligence, AI finance, and data circulation, exploring feasible paths for technological breakthroughs, ecosystem co-construction, and joint innovation. They covered the key stages of artificial intelligence from source research and development and technology transfer to industrial implementation and cross-border cooperation, achieving a two-way dialogue between cutting-edge academic theories and practical industry needs, and providing diverse perspectives and action ideas to bridge the regional digital divide and unlock the inclusive value of AI.
Five achievements released, strengthening the solid foundation for digital intelligence cooperation
At the forum, five scientific and technological innovation achievements were released together, constructing an AI innovation supply system oriented toward ASEAN from multiple dimensions including technology products, platform carriers, talent systems, and decision-making support.
1. The China-ASEAN Cross-Border Industrial Large Language Model: It covers multilingual capabilities and industry knowledge graph for ASEAN, integrates six major agents to collaboratively analyze business scenarios, and serves as a professional intelligent partner for Chinese enterprises to expand into the ASEAN market.
2. Achievements in AI Talent Development for ASEAN: Relying on the Guangxi Academy of Artificial Intelligence, a talent training model of “a dual-mentor system, dual-integrated teaching, dual training tracks, and an integrated master-doctoral program” has been created, achieving an international education pattern of enrolling at one university, earning credits from multiple universities, gaining practical experience in multiple countries, and strengthening talent support for cross-border AI cooperation.
3. “Guikerong” Sci-Tech Finance Digital-Intelligent Foundation Platform: Developed under the guidance of the Department of Science and Technology of Guangxi Zhuang Autonomous Region, it uses data-driven technology credit evaluation to open the value transformation chain of “technology, industry, and finance”, supporting the innovative development of technology-based enterprises.
4. Lao-Language Large Language Model (LLM) for the Energy and Power Sector: China’s first AI overseas project in the power industry, implemented on Electricite du Laos, exploring a new model of “Retaining Computing Power in Guangxi, Exporting Services Globally” for compliant token going global, providing a practical example for cross-border services in the energy sector.
5. “2026 China-ASEAN Artificial Intelligence Industry Development Study Report”: A panoramic overview of regional industrial policy environment, market scale, and application patterns, analyzing core industry development trends, and providing decision-making references for China-ASEAN AI industry cooperation.
Exhibition and negotiation are working together to build a pragmatic platform for exchange and cooperation
The forum adheres to the principles of “promoting research through exhibitions, cooperation through meetings, and implementation through business matchmaking”, simultaneously hosting the Special Session on AI: Bank-Enterprise Matchmaking and the Industry Supply-Demand Matchmaking and Technology Achievement Exhibition, achieving precise coordination between exhibition displays and business negotiations, and building a cross-border cooperation ecosystem deeply integrating industry, academia, research, and application.
The Technology Achievement Exhibition showcased high-tech products such as the General Embodied Intelligent Robot, Fingertip 3D Force Sensors, Integrated Land-Sea-Air Inspection Equipment, Smart Wall-Climbing Industrial Robot, and AI + Embodied Intelligence Teaching and Experiment Platform, covering key tracks like humanoid robots, industrial intelligent equipment, and education and training, demonstrating the innovative strength of domestic AI technology adaptation to ASEAN scenarios.
The venue also set up an immersive AI experience zone, where interactive projects such as coffee-making robots, agile robotic arms, AI customized cultural products, and unmanned retail attracted attendees to stop and experience the vivid effects of AI empowering people’s services up close, highlighting the development philosophy of technology for good and digital intelligence benefiting the people.
Focusing on collaborative win-win cooperation to jointly build a new pattern of regional development
As an international platform for scientific and technological exchange aimed at ASEAN, the Forum on China-ASEAN Artificial Intelligence Cooperation has been held consecutively for four sessions, bringing together more than 4,300 guests from China, foreign government, industry, academia, and research, facilitating the connection of over a hundred industrial projects, and becoming an important platform for the exchange of ideas, interconnection of technologies, and mutual industrial support between China and ASEAN in the field of artificial intelligence.
Looking to the future, China and ASEAN will continue to deepen cross-border joint innovation, promote the orderly flow of AI innovation elements, cultivate a vibrant and inclusive regional digital innovation ecosystem, facilitate digital intelligence benefiting regional industrial upgrading and livelihood development, and jointly build a new mutually beneficial and win-win pattern of China-ASEAN digital economy.
This forum was supported by the Ministry of Technology and Communications of Laos and the ASEAN Secretariat, and co-hosted by Guangzhou University, Guangxi Beibu Gulf Bank, Guangxi Academy of Artificial Intelligence, and Computer Academy of Guangxi.
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The Asian Technology Excellence Awards recognise groundbreaking technological projects and innovations across Asia. Presented by Asian Business Review, the programme selects one winner per technology category and industry in each market, with entries judged on uniqueness and innovation, effectiveness and impact, and dynamism.
For ANGEL, the KFC Indonesia project demonstrates a capability that matters across the food and beverage sector. The company begins with on-site water quality testing and assessment, then designs the configuration around actual inlet conditions. That approach is backed by a commercial portfolio that includes microfiltration and UV sterilization, and by local delivery and service teams. It is this combination—not a standard product alone—that allows ANGEL to serve restaurant chains operating across diverse markets.
Sustainability is built into that model in practical ways. ANGEL integrates with existing pre-filtration systems, reducing the need for equipment replacement, water supply modifications and installation waste. Treatment is selected according to actual water quality, so sites receive the configuration they need. The modular design also limits maintenance complexity and supports long-term operating efficiency. For KFC Indonesia, this meant upgrading water quality without interrupting daily operations, while keeping existing infrastructure in service.
The deployment itself follows the same logic. Restaurants with more complex water conditions receive the C11 Microfiltration System together with UV sterilization, while sites with relatively stable inlet water can use UV sterilization alone. This scenario-based approach helps KFC Indonesia maintain consistent water quality across different cities and islands, and reflects how ANGEL works with food and beverage customers more broadly.
Accepting the award, ANGEL’s Assistant Vice President Annie Guo said, “This award recognizes the work of our teams and local partners in turning technology into practical value for customers. It reinforces our approach to international growth: understand local needs, deliver the right solution, and support it properly over time. For ANGEL, the responsibility continues after installation.”
The KFC project reflects ANGEL’s broader commercial strategy. For its global food and beverage business, the project shows that water purification can move beyond a functional utility to become a strategic asset for operators. ANGEL has built a commercial portfolio spanning microfiltration, ultrafiltration, and reverse osmosis, enabling tailored solutions for local conditions and customer needs. In markets where complex water conditions could otherwise constrain expansion, these capabilities support safer operations, greater resource efficiency, and more sustainable growth.
Hashtag: #ANGELGroup
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Founded in 1987, ANGEL has become a global leader in water purification. For nearly four decades, the company has dedicated itself to improving drinking water quality through innovation, delivering safe, healthy, and stylish water solutions. ANGEL has earned 11 internationally recognized certifications, including NSF, UL, TUV, SGS, CSA, and HALAL, ensuring compliance with high standards of quality, safety, and environmental responsibility.
By K Raveendran Donald Trump now possesses one of the most formidable economic weapons available to an American president against countries sustaining Russia’s energy revenues. Yet, the decision on how aggressively to wield it is complicated by a contradiction that Washington cannot easily escape: squeezing Russian oil out of the international market could also push […]
The article Sanctions Against Russian Oil Collide With Economics Of Affordable Oil appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Chief Executive John Lee’s 2026 Policy Address and the city’s first Five-Year Plan for Economic and Social Development set out measures covering finance, trade, shipping, aviation, innovation and technology, alongside efforts to attract capital, companies and skilled workers. The government said the programme is designed to reinforce Hong Kong’s international competitiveness and support longer-term economic development.
Gold will serve as the entry point for a broader commodity trading ecosystem. Hong Kong plans to formally launch its central clearing and settlement system for gold in the first quarter of 2027, following trial operations that began in July. The system is intended to support trading that meets international standards and strengthen links among clearing, settlement, storage and physical delivery.
Hong Kong Exchanges and Clearing will announce details this year of new renminbi-denominated, physically settled gold futures contracts. The government also plans to explore tax concessions for qualifying activities across the gold and commodity trading chain, with proposals expected to be put to the Legislative Council for consultation next year.
The Hong Kong Monetary Authority is studying whether the Exchange Fund should moderately increase its gold holdings and participate in local spot and futures markets. Existing physical gold inventories could gradually be transferred to designated vaults appointed by the Hong Kong Precious Metals Central Clearing Company.
Authorities also plan to expand storage and related infrastructure. Since the London Metal Exchange added Hong Kong to its global warehousing network in 2025, approved storage space has exceeded 60,000 square metres and inventories have risen above 20,000 tonnes of metal. More LME-approved warehouses are planned for the Northern Metropolis.
A half-rate tax concession for physical commodity trading is also being pursued to encourage traders to establish or enlarge operations in the city. A joint working group led by the Secretary for Financial Services and the Treasury will examine market opportunities and possible collaboration between exchanges.
The wider financial strategy seeks to strengthen Hong Kong’s role as an offshore renminbi business hub and an international centre for asset management and risk management. The government plans to deepen green and digital finance, widen financing channels for technology companies and strengthen trade finance, supply-chain finance, clearing, settlement and risk-management services.
A proposed Innovation and Technology Industry-Oriented Fund will receive HK$10 billion in government funding and is expected to reach at least HK$40 billion when market capital is included. Priority areas include life and health technology, artificial intelligence and robotics, semiconductors and smart devices, digitalisation, and sustainable development.
The five-year plan also calls for greater emphasis on high-value maritime services rather than relying mainly on traditional port logistics. Measures include reforms to ship registration, support for ship financing and marine insurance, and further development of maritime arbitration and other professional services.
Hong Kong also intends to build a broader aviation industry ecosystem. Plans include developing aircraft-parts processing and trading, participating in research and certification connected with domestically developed aircraft, and expanding sustainable aviation fuel supply chains across the Greater Bay Area. Authorities aim for sustainable aviation fuel to account for 1% to 3% of fuel used by departing flights at Hong Kong International Airport in 2030.
Trade policy will focus on digitalisation, diversification and higher-value supply-chain services. The government wants more companies to use Hong Kong for international orders, foreign-exchange transactions, treasury operations, trade finance and supply-chain management, while attracting regional and international headquarters.
The plan places innovation alongside the traditional pillars, with support directed towards artificial intelligence, robotics, life sciences, microelectronics and advanced manufacturing. It also identifies aerospace technology, marine technology, quantum technology and embodied intelligence as fields for longer-term development.
Under Hong Kong’s First Five-Year Plan, Hong Kong will focus on strengthening the four centres, developing the hub for high-calibre talent, consolidating and enhancing its competitive edge as an international city.
Hong Kong’s status as world-renowned international financial, maritime and trade centres as well as an international aviation hub underpin the city’s high-quality development and provide a firm foundation for the city’s long-term stability and prosperity.
“We will consolidate and enhance Hong Kong’s status as an international financial centre, and stay committed to our global positioning,” Mr Lee said. “Hong Kong will deepen the development of its global offshore Renminbi business and capital market, develop an international asset and wealth management centre and international risk management centre, enhance the securities market and expand fixed income and commodity trading.”
Hong Kong has become the world’s largest cross‑boundary wealth management centre this year, and the HKSAR Government will continue to develop a more attractive asset and wealth management ecosystem, Mr Lee said.
Hong Kong will develop a commodity trading ecosystem with gold as an entry point by driving the development of the clearing system, storage, supply, and infrastructure related to gold trading. The city’s central clearing and settlement system for gold will be officially launched in the first quarter of 2027.
“The significance of the First Five-Year Plan for Hong Kong lies in a mindset shift; we must plan Hong Kong’s financial development with a longer-term vision and broader perspective to adapt with flexibility and diversity,” said Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury. “Each of our initiatives centres around one objective, which is to elevate Hong Kong from a ‘corridor of capital’ to a ‘destination of choice’.”
Hong Kong was ranked the world’s fifth‑largest entity in merchandise trade in 2025. The HKSAR Government announced plans to consolidate and enhance Hong Kong’s status as an international trade centre, playing a greater role in the high‑level opening up of the Chinese Mainland.
Since the Task Force on Supporting Mainland Enterprises in Going Global was established last October, it has provided assistance, including listing and raising capital in Hong Kong, aligning with overseas standards, acquiring industry certifications and fulfilling compliance requirements for more than 340 Mainland enterprises.
The Task Force will strengthen collaboration with professional organisations to train talent for the GoGlobal initiative and enhance professional services, among other areas.
“In alignment with the National 15th Five-Year Plan’s call to advocate and practise true multilateralism, the First Five-Year Plan proposes to continue expanding international economic and trade network,” said Algernon Yau, Hong Kong’s Secretary for Commerce and Economic Development.
“We will actively forge free trade agreements and investment agreements with economies that are of development potential or strategic locations. Meanwhile, we will expand our network of overseas offices, and leverage the combined networks of our overseas Economic and Trade Offices, InvestHK, and the Hong Kong Trade Development Council offices globally to deepen overseas ties and step up trade and investment promotion.”
As an international maritime centre, Hong Kong has ranked fourth globally in maritime comprehensive strength for seven consecutive years. The Five-Year Plan will drive a “volume to value” transformation of the Hong Kong Port, capitalising on its strengths in high value‑added maritime services, to develop Hong Kong into a “Global Maritime Capital”.
To promote high value-added services, the industry will develop “Finance + Shipping”.
Taking advantage of the city’s well‑established maritime finance, insurance and maritime arbitration under common law, Hong Kong will build an integrated ecosystem under which Hong Kong‑invested enterprises adopt Hong Kong law, take out Hong Kong insurance and choose for arbitration to be seated in Hong Kong.
Regarding aviation, Hong Kong’s passenger throughput recorded a year‑on‑year increase of 15% last year, to 61 million, with flights to over 220 destinations. The city’s air cargo throughput reached 5.07 million tonnes, making its airport the world’s busiest cargo airport for the 15th year since 2010.
To strengthen development as international aviation hub, Hong Kong will expand its aviation network, and diversify business opportunities.
The HKSAR Government will continue to take the initiative to visit South America, Africa, Central Asia, the Middle East and the Caucasus to expedite the conclusion of new air services agreements and the expansion of traffic rights, thereby assisting the industry in exploring new passenger and cargo sources.
As for building Hong Kong as an international innovation and technology centre, the HKSAR Government will step up its efforts to promote artificial intelligence (AI) applications across various trades, and continue to strike a balance between encouraging innovation and protecting security, thereby enhancing Hong Kong’s international competitiveness in AI development.
In alignment with the national strategic technology areas, Hong Kong will focus on core technologies such as life and health, AI and robotics, microelectronics, new energy, advanced manufacturing and new materials. It will also continue to raise the ratio of Total Domestic Expenditure on Innovation Activities to Gross Domestic Product, striving to reach 3% after 2030.
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Arabian Post Staff -Dubai Cross-border investment in commercial property rose 56 per cent to $71.8 billion in the first half of 2026, with stronger activity in Asia and Europe helping international deals outpace the broader recovery in global real estate transactions. Data from property consultancy JLL showed overseas investment into Asian property quadrupled to $19.3 billion, while cross-border investment in Europe increased 31 per cent to $39.9 […]
Westinghouse Electric is seeking a valuation above $50 billion for a planned US initial public offering, people familiar with the preparations said, as the nuclear technology group moves towards a potential public filing as early as October. The proposed valuation has not been announced by Westinghouse or its owners and could change as preparations advance. The number of shares to be sold, the price range and the […]
Aldar has set Saadiyat Grove, its new luxury retail and fine-dining destination in Abu Dhabi’s Saadiyat Cultural District, for a fourth-quarter 2026 opening, with more than 100 global brands and 20 concepts entering the region for the first time. The development will sit between Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi, with Natural History Museum Abu Dhabi and teamLab Phenomena Abu Dhabi close by. […]
Russian President Vladimir Putin has placed Nestlé’s main Russian businesses and assets linked to three French groups under temporary management by L. E. V. Management, widening Moscow’s control over foreign-owned companies still operating in the country. The presidential decree, signed and published on Thursday, covers Nestlé Russia and Nestlé Kuban, as well as interests connected to retailer Auchan, logistics group FM Logistic and Groupe Adeo, the owner […]
Quizzed on various aspects of the HKSAR Government’s new blueprint for economic and social development, Mr Lee said the inaugural Five-Year Plan set out five main objectives for Hong Kong: better livelihoods for all; breakthroughs in economic development; expanding global competitiveness and influence; faster development of the Northern Metropolis; and to better serve the country.
On expanding global competitiveness, Mr Lee said the Government would make good use of its international networks.
“The strength of Hong Kong is its international status, and we have been emphasising on how we ensure the internationalism or the ‘internationalness’ of Hong Kong. We are expanding to cover every part of the world where we can reach,” Mr Lee said, noting that the Government had offices, including Economic and Trade Offices, and the offices of Invest Hong Kong and the Hong Kong Trade Development Council, in countries around the world. “I’m very serious about expanding our network.”
Since taking office four years ago, Mr Lee has led delegation visits to regions, including ASEAN Member States, the Middle East, and recently Central Asia. “And my colleagues really go more often to different parts of the world, so for South Africa, and also Kenya and these are the very popular African places that my colleagues go to visit,” he added.
To boost Hong Kong’s influence in overseas markets, Mr Lee highlighted the example of the International Organization for Mediation (IOMed).
“We are very proud to have the headquarters of IOMed set up in Hong Kong, because this is an organisation which is of United Nations status,” Mr Lee said. He added that an international office would be set up in Hong Kong under the global network of corruption prevention authorities. “Hong Kong is an international city, which not just is very good at doing business, but is exercising its responsibility as a global participator, and also, we really can contribute.”
“And this is also very important, because it just means how, in different areas, Hong Kong is doing very well, and also very connected to the world. And not just being a member, but being a contributor, being really a driver, and we want to share our good experiences, and also learn from other experiences.”
The First Five-Year Plan and the 2026 Policy Address placed strong focus on speeding up the development of the Northern Metropolis (NM) project, so as to boost long-term economic development, improve people’s livelihoods and help the city to further integrate into overall national development.
“The Northern Metropolis represents about one third of our geographical area. So it is a big piece of land that gives us new opportunities. An opportunity to upgrade ourselves, both from the accommodation angle as well as development angle,” Mr Lee said.
Beyond the city’s core economic strengths such as finance, shipping and trade, Mr Lee said the NM would provide room for diversifying local industries, creating new jobs and a brighter future as more development opportunities emerge from different kinds of industries as well as closer alignment with national development.
“The NM is actually mentioned in our country’s 15th Five-Year Plan. That means it is not just a Hong Kong development, it has been elevated as a state-driven project. And with the elevation of position, we will have to work hard. And I am sure that the Central Government will also help us to ensure that this will be a success story.
“And so, doing the Five-Year Plan has this advantage. We will capitalise on all the opportunities that the state can give us. At the same time, we will remain very fully connected to the international world. So we have the beauty of both worlds.”
Asked about Hong Kong’s approach to adopting artificial intelligence (AI), Mr Lee stressed the need to take advantage of the opportunities brought by AI, while also protecting against the risks of AI, in areas such as crime, fraud, sexual abuse and potential negative impacts on younger people.
“Last year, we talk very much about how we should benefit from the application of AI, how it will do things faster, and how it will also do things more correctly,” Mr Lee said.
“So while we develop and ensure people understand and use it, we also need to tell everybody the potential risks that it will bring.”
Mr Lee said the Government would create a post of Commissioner for AI, with a mandate that he is “the chief for the whole government, in terms of AI. It means setting the policy. It means coordinating resources, identify problems for them, setting the best practices, issuing guidelines. And also, very importantly, is developing AI for the whole of government with a view to, after we have developed our experience, let the world also learn from these experiences.”
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By T N Ashok The passage by the US Congress of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 has confronted India with a problem that is simultaneously diplomatic, economic and strategic. The immediate headline is stark: the legislation creates a statutory pathway allowing President Donald Trump to impose tariffs of up […]
The article India’s Graham Act Dilemma: Energy Security Meets US Tariff Weapon appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Matein Khalid I never thought a routine telegraphed 0.25% a rate hike at a FOMC conclave would make September 16, 2026 one of the scariest days in my investing career, right up there with September 15, 2008 (the Tuesday Lehman died), September 11, 2001 the day the WTC Feng Shui twin sentinels of Manhattan died or Black Wednesday September 15 1992, when my Magyar idol George Soros […]
Arabian Post Staff -Dubai Abu Dhabi Investment Authority has been allocated shares worth about 2 billion rupees in the National Stock Exchange of India’s anchor book, placing the sovereign wealth fund among the largest institutional investors in the exchange’s 67.46 billion-rupee pre-IPO placement. NSE allotted 37.79 million shares to 189 anchor investors at 1,785 rupees each, the top of its 1,700-1,785 rupee price band, according to the […]
South Korean President Lee Jae Myung has ruled out sending troops or military assets into the US-led war against Iran, drawing a firm line around Seoul’s involvement despite pressure from President Donald Trump. Lee said at a news conference on Friday that South Korea would not make any deployment that could pull the country into combat. “There will be no dispatch of troops that will lead to […]
BANGKOK, THAILAND – Media OutReach Newswire – 18 September 2026 – As Golden Week inspires millions of travelers across Asia to embark on international journeys, ICONSIAM, the global landmark on the Chao Phraya River, is inviting visitors to discover why Bangkok continues to rank among Asia’s most revisited destinations, offering an unrivaled blend of luxury shopping, cultural immersion, world-class gastronomy and distinctive riverside experiences in one destination.
As travel trends shift from traditional sightseeing toward more immersive and experience-led journeys, destinations that offer a strong sense of place and a diverse range of experiences are increasingly capturing the attention of global travelers. In this landscape, ICONSIAM embodies The Best of Thailand Meets the Best of the World, bringing together the country’s cultural heritage, creativity and craftsmanship with international luxury, gastronomy and lifestyle. Set along the historic Chao Phraya River, ICONSIAM offers visitors a distinctive perspective on contemporary Thailand, where the country’s traditions and global influences come together in one iconic waterfront destination.
“Today’s travelers are looking for destinations that offer a deeper connection to the places they visit—experiences that are authentic, memorable and meaningful,” said Mrs. Suma Wongphan, Executive Vice President and Division Head of Marketing at ICONSIAM Company Limited. “Bangkok has a unique ability to inspire repeat visits because there is always another side of the city to discover. As a Global Experiential Destination, ICONSIAM is proud to contribute to this appeal by creating a platform where visitors can experience the many facets of Thailand while enjoying the standards and diversity of a truly international destination. This Golden Week, we look forward to welcoming travelers from around the world and giving them even more reasons to make ICONSIAM a highlight of their Bangkok journey.”
A Culinary Journey Through Thailand and Beyond
Food remains one of the strongest motivations for travelers returning to Bangkok, and ICONSIAM offers a diverse culinary journey that reflects the city’s reputation as one of Asia’s leading gastronomic capitals. At SOOKSIAM on the G Floor, visitors can experience the atmosphere of Thailand’s floating market where visitors can explore the flavors of Thailand’s four regions through authentic cuisine. Beyond SOOKSIAM, ICONSIAM’s culinary offering extends from the acclaimed flavors of Nara Thai Cuisine and ThongSmith to beloved Thai favorites such as After You, Cha Tra Mue and Pang Cha, giving visitors the opportunity to discover the diverse tastes and culinary traditions that continue to make Bangkok a compelling destination for food lovers.
Complementing its retail and dining offerings are ICONSIAM’s signature riverside attractions along the legendary Chao Phraya River. Visitors can enjoy sweeping waterfront views, experience the spectacular ICONIC Multimedia Water Features Show (G Floor), marvel at the iconic Alangkarn Waterfall (6th Floor), and discover art exhibitions, cultural showcases and immersive attractions throughout ICONSIAM.
Discovering Thailand Through Creativity and Craftsmanship
For travelers looking to bring home a meaningful piece of Thailand, ICONCRAFT located on the 4th and 5th floors, offers a carefully curated showcase of contemporary Thai craftsmanship, artisan products and creative enterprises from across the country. The immersive retail concept celebrates local creativity while providing visitors with unique souvenirs and design-led products that reflect Thailand’s rich cultural heritage and evolving creative landscape.
Discover ICONLUXE, Home to Global Fashion Houses, Fine Jewelry and Prestigious Watchmakers
At the center of this offering is ICONLUXE, one of Southeast Asia’s premier luxury hubs, home to an extraordinary collection of internationally renowned luxury houses and flagship boutiques, including Bottega Veneta, Celine, Dior, Gucci, Hermès and Loewe, alongside prestigious jewelry and watchmakers such as Breguet, Bvlgari, Cartier, Chopard, Chaumet, Jaeger-LeCoultre, Omega and Patek Philippe. Complementing its luxury offering is an extensive selection of international lifestyle and fashion brands, including ALO, LOFT, MUJI, UNIQLO, ZARA as well as leading Thai wellness and fragrance brands such as Antidotes, PANPURI and THANN. Together, these offerings underscore ICONSIAM’s ability to curate an exceptional mix of international luxury, contemporary lifestyle and distinctive Thai brands, creating a destination that continues to elevate Bangkok’s position as a leading global shopping and lifestyle capital.
A destination of ‘firsts’ flagship store and ‘bests’ that brings immediate global attention to Bangkok
At the heart of Bangkok’s dynamic riverside lies ICONSIAM, a destination of “firsts” and “bests” that continues to attract global attention to Thailand. Recognized as Thailand’s Firstism Leader, ICONSIAM has introduced some of the world’s most sought-after first-to-Thailand brands and experiences, including the country’s first flagship Apple Store, Thailand’s first Blue by Alain Ducasse, a Michelin-starred restaurant by Alain Ducasse, and the POP MART BANGKOK ICONSIAM FLAGSHIP STORE, and HAUS NOWHERE Bangkok, the first HAUS NOWHERE destination in Southeast Asia, home to TAMBURINS’ first Southeast Asia store and Thailand’s largest Gentle Monster store. Together, these globally recognized brands and flagship experiences continue to reinforce ICONSIAM’s position as a leading destination where international culture, innovation, fashion and lifestyle converge on Bangkok’s iconic Chao Phraya River waterfront.
Exclusive Golden Week Privileges for Tourists visiting ICONSIAM
To make the Golden Week experience even more memorable, ICONSIAM is launching “Discover Thailand at ICONSIAM“, an interactive social media campaign taking place from 25 September to 7 October 2026 at the ONESIAM Global Visitor Lounge (1st Floor). International visitors are invited to share their favorite moments at ICONSIAM, from food and cultural discoveries to shopping finds, local craftsmanship and iconic riverside experiences, by posting at least 2 original photos or 1 video on social media. Participants who complete the challenge will have the opportunity to play a capsule machine and receive complimentary Thai-inspired souvenirs, including ICONSIAM’s exclusive scarf, ICONCRAFT’s Thai-Inspired Mini Bag, handheld electronic fan, bracelet and a Siam Gift Card voucher. The campaign is designed to encourage travelers to explore, experience and share the many dimensions of Thailand that come together at ICONSIAM.
As Bangkok continues to attract travelers seeking meaningful, experience-led journeys, ICONSIAM stands at the heart of the city’s appeal, offering an unparalleled blend of shopping, dining, culture and riverside experiences. This Golden Week, visitors are invited to discover why Bangkok remains one of Asia’s most beloved and revisited destinations, and to experience the very best of modern Thailand in one extraordinary destination.
For more information, please visit www.iconsiam.com.
Hashtag: #ICONSIAM
The issuer is solely responsible for the content of this announcement.
Hong Kong: A Gateway to Global Business
Aashni Rungta’s journey to The Chinese University of Hong Kong (CUHK) began with a clear vision: to study in the East’s most dynamic educational hubs. As a second-year Integrated BBA student from India, Aashni was drawn to Hong Kong’s unique position as a global financial centre. “I was always sure I wanted to study in the East—places like Hong Kong or Singapore,” she reflects. For Aashni, CUHK stood out not just for its academic reputation, but for its holistic approach to student development and its vibrant international community.
Balancing Academic Rigour with Personal Growth
Choosing CUHK meant embracing both comfort and challenge. Aashni found that the university’s environment pushed her beyond her comfort zone while providing the necessary support to thrive. Specialising in Finance and Data Analytics, she has quickly adapted to the rigorous curriculum. “CUHK has pushed me academically, but more than that, it has helped me grow as a person,” she notes. The transition from a close-knit family in India to independent life in Hong Kong was made easier by the supportive campus atmosphere, where every corner now carries a special memory of her first year.
Leading the International Student Community
Aashni’s impact extends far beyond the classroom. Recently elected as the President of the International Student Association (ISA), she has taken on a significant leadership role to give back to the community that welcomed her. “Being elected as the ISA President has been one of the most meaningful experiences,” Aashni shares. Through this role, she aims to foster a sense of belonging for international students, organizing events like BBQs and late-night campus walks that define the unique CUHK experience.
Building a Future in Finance and Analytics
Looking ahead, Aashni is eager to explore internship opportunities in Hong Kong’s thriving business and finance world. Her first year has already instilled a newfound sense of independence and confidence. “CUHK has made Hong Kong feel a little more like home,” she says. With a focus on finance and data analytics, she is well-positioned to contribute to the city’s tech-driven economy, carrying with her the friendships and challenges that have shaped her transformative first year.
Programme Details: CUHK’s Integrated BBA Programme
The Integrated BBA (IBBA) programme at CUHK is designed to equip students with a broad-based business education while allowing for deep specialisation. Key highlights include:
For more information about CUHK’s Integrated BBA programme, visit: https://www.bschool.cuhk.edu.hk/programs/ibba/
Hashtag: #CUHK
The issuer is solely responsible for the content of this announcement.
More than 2,000 African business leaders, heads of state, investors and policymakers are set to gather in New York on September 20 and 21 for Unstoppable Africa 2026, with investment, trade and ownership of African value chains at the centre of the agenda. The fifth edition of the Global Africa Business Initiative’s flagship forum will be held at the New York Marriott Marquis during the opening of […]
By Arun Srivastava It would be politically naive to look at the decision of Trinamool Congress chief Mamata Banerjee to stay out of the Nandigram by-poll purely as a calculated move to avoid a trap set by her opponents. Yet another significant move Mamata has made is of a tactical outreach by offering the Nandigram […]
The article Nandigram by-poll, Mamata Banerjee and West Bengal politics appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
GUANGZHOU, CHINA – Media OutReach Newswire – 17 September 2026 – Lee Kum Kee Sauce (“Lee Kum Kee”), the century-old sauce brand and the only sauce and condiments brand among this year’s Forum partners, actively participated in the 2026 Fortune Global 500 Forum, held on September 16 in Guangzhou, China. Julie Xing, Ph.D., Global Board Chairman and Chief Executive Officer of Lee Kum Kee Sauce, was invited to speak at a panel discussion and to attend the Most Powerful Women (MPW) Breakfast, joining other leading global business leaders to explore the key pathways for enterprises to achieve sustainable growth.
Under the theme “The New Growth Equation”, this year’s forum brought Dr. Xing and three other industry leaders, including Pingyi Huang, Senior Vice President of Shandong Weiqiao Pioneering Group Co., Ltd.; Weiming Xiang, Vice President, GE Aerospace and President, GE Aerospace Greater China; and John Qu, Senior Partner, McKinsey & Company, for a panel discussion titled “The Invisible Moat: Revaluing Soft Power and Sustainability”. Moderated by Wei Yue, Senior Editor at Fortune China, the discussion explored what truly constitutes long-term advantages that can withstand cycles amid rapid technological iteration and intensifying competition. Topics spanned brand trust and consumer mindshare in consumer goods, data insights and organizational transformation in the AI era, and the pathways and stages of globalization for Chinese enterprises.
During the Forum, Dr. Xing was invited to share her insights at the MPW Breakfast themed “Decision-Making Power in the Age of Efficiency”, where she joined leaders from across industries to discuss opportunities and challenges for businesses in the new era. She highlighted that while AI enhances operational efficiency, human judgment, leadership and long-termism remain more critical competitive advantages.
As a recipient of the 2026 Fortune China’s MPW list, Dr. Xing has earned this recognition for three consecutive years. Launched in 2010, the MPW list is regarded as one of the most representative rankings of women business leaders in China.
The Fortune Global 500 Forum this year brought together representatives from over 350 leading global companies, academic institutions, and business leaders worldwide. Discussions focused on topics including artificial intelligence, global supply chain transformation, sustainable development, and opportunities in emerging markets.
Looking ahead, Lee Kum Kee will continue to uphold its commitment to quality and innovation. Alongside driving business growth, the company will further deepen its sustainability practices, nurture talent, and enhance corporate governance, working with all stakeholders to forge new pathways to high-quality growth.
Hashtag: #LeeKumKee #LKK
The issuer is solely responsible for the content of this announcement.
Lee Kum Kee Sauce is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee Sauce’s range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee Sauce’s rich heritage, unwavering commitment to quality, sustainable practices and “Constant Entrepreneurship” combine to enable superior experiences through Asian cuisine for people worldwide. For more information, please visit www.LKK.com.
Fortune is the premier global media company for global business leaders, built on a 96-year-old legacy of trusted, award-winning journalism. Independently owned, Fortune tells the story of business, spanning legacy companies to the world’s new generation of innovators. Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Fortune Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.
The UAE Cyber Security Council and Fortinet have launched a cybersecurity internship programme aimed at developing Emirati talent through structured training, practical experience and industry mentorship. The programme is the first project of its kind under the council’s Cyberani Practical Training Initiative, which was created with the Ministry of Higher Education and Scientific Research to prepare university students for cybersecurity careers. Fortinet is participating as a technology […]
