HONG KONG SAR – Media OutReach Newswire – 9 April 2026 – Jardine Matheson Holdings Limited (Jardines) has released its 2025 Sustainability Report, which outlines the Group’s approach to sustainability, progress towards its objectives and 2025 performance. The report can be found at sustainability.jardines.com/2025/.
Jardines embeds sustainability within its value creation strategy and applies a rigorous lens to investment and capital allocation decisions. There are clear sustainability expectations for our diverse portfolio of market‑leading businesses with the aim to build resilience and mitigate emerging risks.
Earlier, Jardines announced its strategic repositioning from owner-operator to an investment company with a focus on sustainable, top-quartile Total Shareholder Return. Jardines is also committed to active portfolio value creation, talent development, world-class governance and sustainability improvements across its portfolio.
In 2025, Jardine Matheson delivered strong progress on its ‘Building Towards 2030’ sustainability strategy:
Climate action – Decarbonisation remains top priority. 8% decline in scope 1 and 2 emissions from companies on the Decarbonisation and Transition pathway
Responsible consumption – Improvements in waste reduction, resource efficiency and circularity initiatives. 29% decrease in total waste generated and 95% total waste diverted from landfill
Social inclusion – Ongoing investments in education, health and livelihoods. US$59m in community investments made
Governance and transparency – Enhanced sustainability governance and disclosure as Jardines maintains portfolio oversight of sustainability across its portfolio. ESG ratings improvement reflect positive response on sustainability performance (S&P: 82nd percentile, ISS ESG: Prime)
Ben Keswick, Executive Chairman of Jardine Matheson said, “Sustainability is foundational to how we protect and enhance economic value and build long-term resilience across Jardine Matheson – it is an essential value that every business in our portfolio must commit to and that guides the investment decisions we make. We will continue to embed sustainability in our strategy and portfolio management decisions, with a clear focus on decarbonisation, by setting clear commitments, measuring progress against our roadmaps, and applying disciplined governance across our portfolio.”
Decarbonisation is top priority Contributing to a sustainable, low-carbon future is a strategic priority for Jardines. In 2025, the Group delivered an 8% reduction in total scope 1 and 2 emissions, reflecting steady progress across its diversified portfolio. This was supported by a continued shift away from fossil-fuel energy, with renewable energy accounting for 45% of total energy consumption, alongside an overall reduction in energy use.
Jardines’ decarbonisation approach is structured around two pathways: a Decarbonisation Pathway, and a Transition Pathway for mining and energy businesses.
In 2025, Jardines’ portfolio companies began formal reporting on climate risks and opportunities to their audit committees, following the integration of climate risks into existing ERM processes the prior year. Alongside, Jardines is also integrating sustainability factors into investment due diligence and decision-making, ensuring material sustainability-related aspects of an investment are considered as Jardines continues to unlock value creation for its stakeholders.
Looking forward Looking ahead, Jardines will continue to embed sustainability as a core value driver across its portfolio by setting clear commitments and prioritising decarbonisation. The Group will continue to strengthen governance and incentives to drive accountability and deliver on scope 1 and 2 emissions reduction pathways.
To access the Sustainability Report 2025, please visit sustainability.jardines.com/2025/ or click here to download the PDF. Hashtag: #JardineMatheson
The issuer is solely responsible for the content of this announcement.
Jardine Matheson
Jardine Matheson (Jardines) is a diversified, Asia-focused investment company. Founded in China in 1832, Jardines creates value for our stakeholders by building lasting, scalable businesses in Asia that produce sustainable returns and market leading services and products.
We ensure highly-qualified boards and leadership teams are in place across the Group, with incentives aligned to driving shareholder value. At the holding company level, we aim for decisive portfolio management built on disciplined capital allocation and strong investment expertise.
At Jardines, we value integrity and long-term partnerships. We ensure global best practice in risk management and governance is embedded across our portfolio, and coupled a strong balance sheet with excellent access to low-cost funding from banks and the capital markets.
Since our founding, Jardines has benefitted from the role of family shareholders who act as long term stewards of our values and commitments – which includes embedding sustainability across our portfolio companies and doing right by our communities for the long term. We are proud to build value for shareholders while also making a positive contribution to the communities we serve.
Jardine Matheson holds interests in Hongkong Land (54.7%), DFI Retail Group (77.5%), Mandarin Oriental (100%), Jardine Pacific (100%), Jardine Cycle & Carriage (JC&C) (85.7%), and Zhongsheng (21.4%). JC&C in turn has a 50.1% shareholding in Astra.
Jardine Matheson Holdings Limited is a listed company with a primary listing on the London Stock Exchange and a secondary listing in Singapore.
By Asad Mirza It seems that President Trump’s Tuesday morning Truth Social post, which threatened “a whole civilisation will die tonight” and raised the spectre of nuclear war, has jolted the American lawmakers, and it has begun a chorus of calls either for Trump’s impeachment or for his removal via the invocation of the 25th […]
Arabian Post Staff -Dubai Abu Dhabi University said an associate professor and a former student have been granted a patent for an artificial-intelligence application designed to translate between sign language and spoken or written language in real time, marking a push by the institution into assistive technology with a clear accessibility focus. The university identified the inventors as Dr Modafar Ati, associate professor of computer science and […]
Targets Over 30% Profit from Non-Residential Businesses by 2030 Strong Backlog Supports 2026 Revenue Target of THB 25.5 Billion
BANGKOK, THAILAND – Media OutReach Newswire – 8 April 2026 – SC has announced its first major rebrand in 20 years, repositioning the brand as “Beyond Residential”. The company is moving forward with the strategy “Reform to Perform” to rebalance its business portfolio through three business engines, diversifying revenue sources, increasing recurring income, and building new S-curves for future growth. SC has set a total revenue target of THB 25.5 billion for 2026 and aims to achieve a new profit high by 2030.
Mr. Nuttaphong Kunakornwong, Chief Executive Officer of SC Asset Corporation Public Company Limited or SC, said that the fragile global economic environment has prompted the company to proactively adapt over the past two to three years. These efforts include organizational restructuring, financial discipline, expanding joint investment partnerships, and initiating new businesses in line with its risk diversification strategy. The company has gradually reshaped its business structure into a portfolio built around three business engines. These include Engine 1 Residential Property, Engine 2 Recurring Income Property, and Engine 3 New Businesses for a Better Future.
SC is also targeting to increase the profit contribution from Engine 2 and Engine 3 to more than 30 percent in order to drive the company’s overall profit to reach a new high again by 2030, while ensuring that all businesses continue to create value for people and the planet.
In 2026, the company will implement a comprehensive rebrand, including a new logo and refreshed corporate identity, marking its first such transformation in 20 years. The move reinforces SC’s position as “Beyond Residential,” supported by a more flexible and diversified portfolio, enabling the company to engage more effectively with customers, employees, partners, investors, and stakeholders.
2026 Business Targets and Plans
SC targets total revenue of THB 25.5 billion in 2026, representing 21% growth year-on-year, with a capital expenditure budget of THB 8 billion to drive all three business engines. The Interest-Bearing Debt to Equity ratio (IBD/E) is expected to decline to below 1.2 times.
Engine 1: Residential Property, targeting sales of THB 27 billion, up approximately 33% from 2025, and transfers of THB 23 billion, with backlog of more than THB 18.5 billion as of end-2025, of which around 40% is expected to be recognized in 2026.
– Low-rise housing: Revitalizing of eight single-detached home series across 17 projects under a concept focused on deeply understanding life needs. – Condominium: Launch of a new ultra-luxury branded residence and a new riverside project, with a combined value of THB 25.5 billion across two projects.
– Introduction of “GenSCription” (Living Subscription Program by SC), responding to the growing shift toward renting instead of homeownership among younger generations, increasing accessibility and flexibility in housing.
Engine 2: Recurring Income Property, covering operations across hotels, warehouses, office buildings, and rental apartments in the U.S. The business targets revenue growth of around 70 percent to THB 2 billion.
– Expansion of hospitality portfolio by 450 rooms in key seaside destinations such as Pattaya and Phuket. – Development of an additional 170,000 square meters of warehouse space in the Bangna–EEC zone. – Investment in alternative energy businesses to support data center growth under SCX 360.
Engine 3: New Businesses for a Better Future, covering after-sales services, digital platforms, and health related businesses. The company targets revenue of THB 400 million this year, representing growth of around 60 percent from 2025.
– After-sales services will expand from 150 projects to 260 projects, alongside the launch of LINTON, a concierge service designed for ultra luxury residents. – SC has allocated an investment budget of THB 1 billion over the next three years to support the growth of this business segment.
SC also introduced “SC Green Mark,” a green building development standard encompassing environmental performance and residents’ quality of life. The standard will be applied across all engines and projects to ensure sustainable growth aligned with long-term environmental responsibility.
Sustainable business operations
– The company continues to operate in accordance with international sustainability assessment standards of FTSE Russell. – SC is advancing its greenhouse gas reduction efforts in line with its five-year target of reducing 100,000 tons of carbon emissions from 2025 to 2030. – The company is also introducing SC Green Mark, a green building development standard covering environmental performance and residents’ quality of life, which will be applied across all engines and projects.
“Brands are like living things. They survive through evolution, and brands that fail to adapt will eventually become extinct. SC therefore continues to evolve. Rebranding and organizational reform are part of that evolution. A more flexible and diversified business portfolio will enable SC not only to survive but to grow sustainably in the highly volatile and challenging real estate industry, while creating greater value for people more broadly,” Nuttaphong said. Hashtag: #SC #SCisQuality #SCBusinessDirection2026 #ReformtoPerform
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai Dubai shares posted their strongest one-day rise in more than a decade on Wednesday after a two-week ceasefire between the United States and Iran eased fears over a wider regional conflict, soothed concern over energy shipping routes and triggered a broad relief rally across Gulf markets. Dubai’s benchmark index jumped as much as 8.5% intraday, while Abu Dhabi’s main market also recorded its […]
BEIJING, CHINA – Media OutReach Newswire – 8 April 2026 – On March 31, 2026, China Mobile hosted the 2026 China Mobile Digital Empowerment Cooperation Conference for Chinese Enterprises Going Global in Beijing. The conference focused on the needs for digital and intelligent development of Chinese enterprises going global, jointly exploring new trends in digital and intelligent empowerment for the global development of Chinese enterprises, and it was broadcast live simultaneously around the world. Zhang Feng, Secretary of the CPC Chinese Institute of Electronics Committee, and Guo Hao, President of the China Association of Communications Enterprises, attended the event, among others. Li Huidi, Executive Vice President of China Mobile attended the conference and delivered a speech.
Li Huidi pointed out that artificial intelligence is currently reshaping the ways of production and life with unprecedented speed and breadth, deeply restructuring the competitive landscape of global industries. AI is already the core engine driving the leap in social productivity and leading the transformation of the global industrial system. The overseas development of Chinese enterprises is undergoing a comprehensive upgrade from the traditional export of products and production capacity to the synergistic development of digital capabilities and industrial chains driven by AI.
Li Huidi stated that, in the face of a new round of technological revolution and industrial transformation, China Mobile is accelerating the transition from a “telecommunications operator” to a “technology services enterprise.” With the vision of building a world-class technology services enterprise, it comprehensively promotes the integrated innovation of communication technologies, information technologies, and AI technologies, in order to strengthen, optimize, and expand the three major businesses of “communications services, computing services, and AI services.” China Mobile will deeply integrate its AI capabilities into the entire chain of its three core businesses, paving a digital and intelligent highway for globalization, featuring the integration of networks and intelligence, safety and reliability, and universal access across all domains for Chinese enterprises going global:
First, China Mobile will strengthen communications services and empower “AI connectivity”, weaving a dense network of global intelligent interconnection. The scale of China Mobile’s international information infrastructure continues to grow. China Mobile have expanded the capacity of submarine and terrestrial cables, bringing total international transmission bandwidth to 406T and Points of Presence (PoPs) to 446. Notably, the eastern section of 2Africa, the largest submarine cable system in the world circling Africa, has been activated. The sections are expected to be completed and put into operation in the first half of this year. Spanning a total length of approximately 45,000 kilometers, this submarine cable is laid along the coastline of the African continent. It connects 33 countries and regions across the Middle East, Asia, and Europe, providing high-quality, low-latency international communication services for a population of roughly 3 billion along its route. This major information artery, which connects six continents and four oceans, provides safe and reliable guarantees for end-to-end connections. It supports the scheduling of transnational AI applications and the integration of global business for enterprises going global. Global roaming is now available in 268 destinations, and the total number of users for the JegoTrip app has exceeded 90 million. China Mobile’s international ecological cooperation continues to expand, and the “Hand-in-Hand Program” covers over 3 billion users worldwide. China Mobile have consecutively hosted events such as the Southeast Asia Cooperation Conference and the China Mobile Digital Empowerment Cooperation Conferences for Chinese Enterprises Going Global. These events have been widely praised and have strengthened China Mobile’s influence within the global ecosystem. In recent years, China Mobile’s revenue from international business has consistently maintained a trend of high-speed, double-digit growth.
Second, China Mobile will optimize computing services and drive “AI Computing”, building a globally integrated computing network across the world.As a builder of computing infrastructure, China Mobile will comprehensively increase its investment in Artificial Intelligence Data Centers (AIDC), accelerate the supply of computing, and enhance its operational capabilities for Tokens. China Mobile’s 100-megawatt-level Global Intelligent Center (GIC) in Hong Kong has officially opened, and China Mobile will deploy more nodes for AI computing along the “Belt and Road” initiative in the future. China Mobile have already established a cluster for AI computing with a capacity of 92.5 EFLOPS in China. By linking this with over 1,300 resources from self-owned and cooperative data centers overseas, China Mobile are constructing a global network for computing. China Mobile will promote Mobile Cloud to integrate high-quality global models and streamline the service chain where “Agents use Tokens, Tokens drive Computing, and Computing consumes Electricity.” This will forge a solid foundation of computing for Chinese enterprises going global.
Third, China Mobile will expand AI services and reshape digital services, stimulating new momentum across all domains for enterprises going global.As a promoter of applications for artificial intelligence, China Mobile continuously iterates the capabilities of its “Jiutian” large model. China Mobile have accumulated industrial data exceeding 20 trillion Tokens and independently developed more than 50 industrial large models. This promotes the deep integration of AI agents into the entire process of production and operations for enterprises. Overseas, China Mobile translate its leading domestic AI capabilities into a “smart engine” for Chinese enterprises expanding abroad. Targeting the pain points of enterprises going global, China Mobile have tailored a “1+8” system of products and solutions for all scenarios, which has already served tens of thousands of Chinese enterprises in their global layout. By combining the advantages of Chinese manufacturing and 5G solutions, China Mobile achieve deep integration with local ecosystems overseas. In regions including Europe, Latin America, and the Asia-Pacific, and have successfully established over a thousand benchmark cases of “AI+” digital and intelligent transformation, such as smart factories, smart ports, and smart IoV. This makes the fruits of China’s innovation in AI benefit the global market.
Looking toward the vast blue ocean of the AI era, Li Huidi proposed four initiatives: First, China Mobile will jointly build AI infrastructure to forge a solid “new foundation” for AI+ global development. China Mobile will join hands with global industry partners to accelerate the construction of global communication networks, computing networks, and intelligent networks. China Mobile will jointly optimize the layout of global submarine and terrestrial cables as well as hubs for computing, achieving mutually beneficial cooperation along the “Belt and Road” initiative and around the world. By building more high-standard Artificial Intelligence Data Centers, China Mobile will provide low-latency, highly reliable, high-performance, and widely covered infrastructure of computing networks for Chinese enterprises marching into the world. Second, China Mobile will jointly establish AI standards to build a “new consensus” on intelligence within the industry. China Mobile will continue to promote China’s full-stack AI technologies and standards to the world, covering the entire chain of computing foundations, large models, and industrial applications. This will contribute Chinese wisdom, Chinese solutions, and Chinese standards to the construction of an open, inclusive, and interoperable system of global rules for AI technology. Third, China Mobile will jointly expand AI scenarios to release “new quality productive forces” across thousands of industries. China Mobile will continuously open up China Mobile’s technological foundation and experience in various scenarios, collaborating with enterprises going global to unearth high-value industrial scenarios. By providing exclusive resources for AI computing and support for Tokens, China Mobile will empower the accelerated release of new quality productive forces through AI innovation. In key regions along the “Belt and Road” initiative, China Mobile will create more replicable and promotable benchmark projects of “AI+” digital and intelligent transformation for overseas development. Fourth, China Mobile will jointly cultivate a win-win AI ecosystem to expand the “new circle of friends” for global cooperation. China Mobile will continuously upgrade the cooperative ecological system of the “iSTAR Program. Relying on the three core pillars of “AI+ applications, cloud and AI computing, and connectivity,” China Mobile will unite the strengths of global industries, academia, research, and application. This will help build a more open, inclusive, and mutually beneficial globalized digital and intelligent ecosystem. China Mobile will jointly incubate “AI+” solutions for overseas development across more than 150 scenarios, providing intelligent escorts across the entire chain and full life cycle for Chinese enterprises going global.
At the conference, using full-stack digital and intelligent capabilities to escort Chinese enterprises going global, China Mobile released a series of “AI+” full-stack digital and intelligent infrastructure, products, and services. Together with its ecological partners, China Mobile jointly released the “White Paper on the Digital and Intelligent Ecosystem of the China Mobile International ‘iSTAR Program’ for Chinese Enterprises Going-Global,” collaboratively building a new ecosystem for AI services.
Hashtag: #ChinaMobile
The issuer is solely responsible for the content of this announcement.
Fresh Laundry Ranked #37 Among the Fastest Growing Companies in Singapore by The Straits Times 2026
Compiled by The Straits Times and global research firm Statista, the annual Singapore business growth ranking evaluates companies based on revenue growth performance across a defined assessment period. Fresh Laundry’s placement among the high-growth companies in Singapore underscores its strong performance and growing influence in the laundromat sector.
Recognition in The Straits Times Singapore’s Fastest Growing Companies 2026
The Straits Times ranking identifies businesses that have achieved significant growth while demonstrating resilience and adaptability in Singapore’s competitive business environment. Companies included in the list represent diverse industries ranging from technology and logistics to consumer services.
Fresh Laundry’s position within this business growth ranking reflects its consistent expansion and operational development within the laundromat sector in Singapore. The company’s growth trajectory highlights increasing demand for modern, convenient laundry services as lifestyles evolve and urban living spaces prioritise efficiency and accessibility.
Being recognised as one of the fastest-growing companies in Singapore also signals the increasing relevance of service-driven businesses that address everyday needs through scalable models and operational innovation.
Growth of the Laundromat Industry in Singapore
The rise of the coin-operated laundry sector in Singapore has been shaped by changing urban lifestyles and the growing demand for convenient household services. Many households today value time-saving solutions that allow them to complete daily tasks efficiently.
Self-service laundry outlets provide a practical option for individuals and families seeking accessible washing and drying facilities without the need for large household appliances. This has contributed to steady growth in the sector, positioning laundromats as an essential service in densely populated cities.
Fresh Laundry’s inclusion among high-growth companies reflects how the industry continues to evolve to meet modern consumer expectations. By combining reliable machines, accessible locations, and streamlined operations, laundromats have become a key part of the neighbourhood service ecosystem.
Fresh Laundry’s Growth Journey
Fresh Laundry’s expansion over the years reflects a strategic focus on building a scalable and sustainable business model. From establishing reliable laundromat outlets to strengthening operational efficiency, the company has steadily developed its footprint across Singapore.
The brand’s progress within the urban self-service laundry segment in Singapore has been supported by careful planning, operational consistency, and an understanding of changing consumer needs. As demand for convenient laundry solutions continues to grow, Fresh Laundry has focused on maintaining quality while expanding its presence.
Being recognised as one of the fastest growing company in Singapore highlights the scalability of service-based businesses like Fresh Laundry, especially when driven by strong operational discipline, a focus on customer convenience, and carefully planned strategic expansion.
A Growing Interest in the Coin Laundry Industry
The growing popularity of laundromats has also sparked increasing interest in entrepreneurship within the sector. Many aspiring business owners are exploring opportunities in the coin laundry industry, recognising its potential as a service-oriented venture that caters to everyday needs.
As more individuals research starting a laundromat, industry visibility continues to grow. The sector’s accessibility and practical service offering have made it an attractive option for entrepreneurs looking to enter a stable consumer services market.
Fresh Laundry’s presence among fast-expanding companies demonstrates how the laundromat sector has matured into a recognised segment of the local service economy.
Looking Ahead
Fresh Laundry’s inclusion in The Straits Times Singapore’s Fastest Growing Companies 2026 marks an important milestone in the company’s journey. As a recognised fastest-growing company in Singapore, the brand continues to strengthen its position within the laundromat sector in Singapore while supporting the broader development of the industry.
The recognition highlights not only Fresh Laundry’s growth, but also the continued evolution of neighbourhood services that support modern lifestyles. As the industry progresses, laundromats remain a vital part of urban living by providing accessible, convenient solutions for everyday needs.
For individuals interested in the sector, understanding the fundamentals of the coin laundry business and the considerations involved in getting started can provide valuable insights into how this everyday service has developed into a scalable and growing industry.
The issuer is solely responsible for the content of this announcement.
About Fresh Laundry
Fresh Laundry is a Singapore-based laundromat operator focused on providing modern, convenient self-service laundry solutions for local communities. Operating within the growing laundromat sector, the company has built a network of coin-operated laundry outlets designed to support busy urban lifestyles with accessible washing and drying facilities.
Through a scalable and service-driven model, Fresh Laundry continues to expand its presence across neighbourhoods, supporting the increasing demand for reliable laundry services. The company also shares industry insights for individuals exploring opportunities in the coin laundry business or considering entering the laundromat market, reflecting its broader involvement in Singapore’s evolving self-service laundry ecosystem.
Fresh Laundry’s recent recognition in The Straits Times Singapore’s Fastest Growing Companies 2026 further highlights its progress as a fastest-growing company in Singapore, reinforcing its role within the country’s developing laundry services sector.
UBS and five other banks in Switzerland have joined Swiss Stablecoin AG to test potential uses for a Swiss franc stablecoin, marking one of the clearest signs yet that established lenders in the country want a bigger role in tokenised finance. The initiative, announced on Wednesday, creates a live sandbox rather than a full public launch, meaning the project remains in a controlled testing phase through 2026. […]
SINGAPORE – Media OutReach Newswire – 8 April 2026 – A new documentary Building Icons: The Global Oneexplores the complexities of architecture and engineering, with the team behind The Global One – showcasing how one of Taiwan’s most earthquake-resistant residential complexes came to life. The documentary is set to premiere in Southeast Asia on the Discovery Channel on Friday, April 10 2026 at 7:10 PM SGT and on Discovery Asia on Sunday, April 12 at 9:00 PM SGT.
Set in the Nangang district in Taipei, the new documentary features a residential development designed to withstand major earthquakes, typhoons and extreme weather conditions. The project faced extraordinary engineering challenges due to its location on soft ground and vulnerability to earthquakes, conditions rarely encountered in urban environments.
The Global One is the realization of the vision of Nankang Rubber Tire Corporation’s late Chairman, Lin Hsueh‑Pu, and redefines the standards of safety in residential developments, with a goal to last a century and provide peace of mind to its residents. The documentary follows teams on the ground as they combine advanced engineering and rigorous testing, to enhance the building’s safety specifications, beyond other critical buildings in Taiwan.
Audiences will get insight into engineering practices and hear how The Global One is built for extreme disaster resilience and long‑term durability, with a structure that incorporates special shock absorbers into the walls to dampen the violent tremors, as well as specific electrical wiring and pipes, which were carefully selected to reduce fire risk and function during emergencies.
Catch Building Icons: The Global One in Southeast Asia on Discovery Channel, Friday, April 10 2026 at 7:10 PM SGT and on Discovery Asia on Sunday, April 12 at 9:00 PM SGT.
The issuer is solely responsible for the content of this announcement.
About Discovery Channel
Across every platform, Discovery Channel is dedicated to connecting audiences who have a passion for adventure and crave a connection to the world around them. Popular series including Deadliest Catch, Expedition Unknown and Gold Rush, along with Shark Week, the annual tentpole programming event, serve as trusted portals that transport viewers directly into thrilling, real, high stakes moments. Through smart, authentic characters whose stories inform and inspire, Discovery celebrates the men and women who will stop at nothing to explore new spaces and achieve their dreams. For more information, please visit www.discovery.com.
Greenlogue/AP VinFast has rolled out a vehicle rental programme for commercial drivers in Indonesia and the Philippines, expanding beyond outright sales as it tries to deepen its position in two fast-developing Southeast Asian electric vehicle markets. The company said the scheme will let service drivers lease Green-series vehicles through authorised dealers in Greater Jakarta and Metro Manila, with daily rates starting at 312,500 rupiah in Indonesia and […]
Afreximbank has been confirmed as a partner for African Energy Week 2026, due to run from October 12 to 16 in Cape Town, in a move that places one of the continent’s most active trade financiers at the centre of discussions over how African-led capital can support oil, gas, power and infrastructure projects. The partnership also signals how the event is seeking to position itself less as […]
Arabian Post Staff -Dubai Physical crude prices for immediate delivery have surged to levels close to $150 a barrel for some grades, leaving paper benchmarks lagging and exposing the depth of the supply strain caused by the Hormuz crisis. European and Asian refiners have been forced to pay sharply higher premiums for cargoes that can be processed now, as the disruption to flows through the Strait of […]
Arabian Post Staff -Dubai Airlines and energy traders are bracing for a prolonged squeeze in aviation fuel supplies even after the Strait of Hormuz reopened under a two-week ceasefire arrangement announced by US President Donald Trump, with the head of the International Air Transport Association warning that disruption to jet fuel availability could take months to unwind. Oil prices dropped sharply below $100 a barrel after the […]
Kuka is stepping up its push into the United States and Asia as its leadership warns that too many manufacturers in Europe are moving too slowly on artificial intelligence, creating an opening for competitors in markets where automation spending and industrial policy are advancing at a quicker pace. The shift, outlined by chief executive Christoph Schell, comes as the Augsburg-based robotics group tries to reposition itself around […]
Arabian Post Staff -Dubai Oil prices fell sharply on Tuesday after US President Donald Trump said he had agreed to a two-week ceasefire with Iran, tied to the immediate and safe reopening of the Strait of Hormuz, easing fears of a prolonged supply shock through one of the world’s most important energy chokepoints. Reuters reported Brent crude was down 13.3 per cent at $94.76 a barrel in […]
Take-Two Interactive has reportedly cut its artificial intelligence team in a move that jars with the company’s own public language on generative AI and raises fresh questions about how one of the world’s biggest games publishers plans to use the technology ahead of a packed release slate. Reports over the past few days said the publisher removed its head of AI, Luke Dicken, along with other members […]
Russian military-linked hackers have hijacked vulnerable internet routers to steal passwords, authentication tokens and other sensitive data, according to a new warning from the UK’s National Cyber Security Centre, which said the activity was tied to APT28, a group long associated with Moscow’s GRU military intelligence unit 26165. British officials said the campaign worked by altering router settings so internet traffic could be redirected through malicious Domain […]
HONG KONG, CHINA – Media OutReach Newswire – 8 April 2026 – Lee Kum Kee Sauce (“Lee Kum Kee”), the global leader in Asian sauces and condiments, organised a three-week culinary programme for eight young Bhutanese chefs from the De-suung Skilling Programme (DSP) from 1-19 March 2026. Supported by the Chinese Culinary Institute (CCI) in Hong Kong, the programme empowers youth career development through vocational training and international exposure.
Dasho Tashi Wangyal, an Eminent Member of the National Council of Bhutan and a member of the De-suung Skilling Programme (DSP) Steering Committee (front row, sixth from left), Dasho Zimpon Wom Sonam Thinley, Deputy Chamberlain to His Majesty the King, the Executive Director, Skilling Programme, DSP and a member of the DSP Steering Committee (front row, seventh from left), James HP Yap, Principal of Hotel and Tourism Institute, Chinese Culinary Institute, and International Culinary Institute (front row, eighth from left), and Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee Sauce (front row, fifth from left), celebrate with the young Bhutanese chefs upon completion of their culinary exchange
The cohort of eight Desuup chefs, currently working in hotels and DSP initiatives, participated in an intensive, hands-on upskilling programme. Participants completed 10 days of professional training at CCI, with focused modules on the Eight Major Cuisines of China, selected Western cooking techniques, and signature Cantonese dishes. Additional sessions covered Hong Kong local specialties and pastry techniques as well as food presentation and plating — all led by instructors from CCI, International Culinary Institute (ICI), Star Chef Management School and Lee Kum Kee.
Beyond classroom learning and cooking, the young chefs explored Hong Kong’s food culture and heritage. Activities included visits to local eateries such as a traditional Cha Chaan Teng, and guided culinary tours across the city. The group also travelled to Xinhui and Zhuhai in mainland China to learn more about sauce production and Guangdong’s culinary culture. The experiences further inspired their culinary perspectives and creativity.
The young chefs also showcased their skills at an exclusive VIP lunch and the Bhutan Flavour Fair, attended by DSP officials and Lee Kum Kee Sauce representatives.
Young chefs are inspired through systematic hands-on learning and exploration, discovering local delicacies, and experiencing Hong Kong’s heritage and contemporary landscape
Young chefs showcase their skills at an exclusive VIP lunch and a Bhutan Flavour Fair
Dasho Tashi Wangyal, an Eminent Member of the National Council of Bhutan and a member of the DSP Steering Committee, said, “Our young chefs are receiving valuable exposure at the Chinese Culinary Institute through immersion in professional Asian cuisine, modern culinary techniques and global kitchen standards. I would like to extend our heartfelt appreciation to Lee Kum Kee for the vision, partnership and commitment to nurturing the next generation of culinary professionals.”
Dasho Zimpon Wom Sonam Thinley, Deputy Chamberlain to His Majesty the King, the Executive Director, Skilling Programme, DSP and a member of the DSP Steering Committee, said, “I’m proud of the Desuup chefs’ aspirations, and I hope they will build on the prestige of Lee Kum Kee and the Chinese Culinary Institute – their mentors – to further develop their careers in the culinary world.”
James HP Yap, Principal of Hotel and Tourism Institute, Chinese Culinary Institute, and International Culinary Institute, said, “Hong Kong is a vital platform that brings together global culinary cultures. Through this exchange, I’m confident the young Bhutanese chefs have not only deepened their understanding of the essence of Chinese and Western culinary flavours, but also have acquired valuable cooking techniques, plating skills, as well as developed a deeper appreciation of the richness of Chinese culinary culture.”
Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee Sauce, said, “At Lee Kum Kee, we believe in the power of culinary culture to connect people and create lasting opportunities. It has been a joy to see the passion and growth of these chefs throughout this programme. We look forward to continuing our collaboration with CCI and DSP to nurture the next generation of culinary talent and strengthen the ties between our communities through the art of food.”
Since 2025, Lee Kum Kee has engaged in a strategic partnership with DSP to support culinary training in Bhutan, bringing international standards, signature flavours and professional expertise into DSP’s training programmes.
Lee Kum Kee is dedicated to promoting Chinese culinary culture worldwide. Through its Global Youth Culinary Immersion initiative, the company has provided culinary education, scholarships and exchange opportunities for aspiring young chefs in China, Malaysia, South Korea, Vietnam, UK, Canada and USA.
Hashtag: #LeeKumKee #LKK
The issuer is solely responsible for the content of this announcement.
About Lee Kum Kee
Lee Kum Kee 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’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’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.
About De-suung Skilling Programme
The De-suung Skilling Programme (DSP) is a Royal Project initiated by His Majesty The King of Bhutan in 2021. As envisioned by His Majesty, DSP imparts a series of short-term high-quality trainings to unemployed Bhutanese youths who have mostly completed high school and are in their early or mid-20s. These youths have all undergone the De-suung training, which is a valued-based personal development programme intended to encourage active citizenry in the process of nation-building. DSP provides short-term training in various fields to Bhutanese youths entering the job market with varying degrees of educational qualification. For more information, please visit www.dsp.org.bt.
About Chinese Culinary Institute
The Chinese Culinary Institute (CCI) is one of the 14 member institutions of Vocational Training Council (VTC). It was established in 2000 as one of the Millennium Projects of the HKSAR Government. CCI endeavours to provide systematic training in Chinese cuisine for beginners and practicing chefs who wish to obtain or upgrade their professional qualifications. It also aims to elevate the professional standard and status of Chinese Chefs in order to strengthen Hong Kong’s reputation as the “Culinary Capital of Asia”. Furthermore, CCI strives to establish Hong Kong as a regional training and accreditation centre in Chinese cuisine by introducing “One Trade Test Two Certificates” system. To promote the deep-rooted heritage of the Chinese culinary art, CCI offers culinary interest courses for locals and tourists alike. For more information, please visit cci.edu.hk/en.
The head of the International Monetary Fund on Monday defined the direction of glbal economic travel with unusual clarity. “All roads now lead to higher prices and slower growth,” said managing director Kristalina Georgieva in an interview. The IMF had expected global growth of 3.3% in 2026. Six weeks of war centred on Iran and the disruption of the Strait of Hormuz have already forced a rethink. […]
Complementing an orchard-themed dreamy tea set by two master pâtissiers, a series of fascinating delicacies is presented by Galaxy Macau in April
MACAU SAR – Media OutReach Newswire – 7 April 2026 -In celebration of its ascent to One Diamond status in China’s prestigious Black Pearl Restaurant Guide, Galaxy Macau’s Japanese fine‑dining destination Yamazato proudly unveils the Black Pearl Tasting Kaiseki — a refined and contemplative culinary expression that honours seasonality, precision and the quiet elegance intrinsic to Japanese haute cuisine. Framed by sweeping panoramic views across Galaxy Macau landscape, the experience captures the fleeting beauty of nature through an artful and disciplined gastronomic lens.
Yamazato celebrates its Black Pearl One Diamond distinction with a contemplative kaiseki by Executive Chef Hideaki Hayashi, where seasonal purity, meticulous craftsmanship, and serene vistas converge to distil the quiet poetry of Japanese haute cuisine.
At the helm, Executive Chef Hideaki Hayashi and his culinary team invite guests on a pristine gastronomic journey shaped by meticulous craftsmanship and profound reverence for ingredients. Each kaiseki course is composed with thoughtful intentions, drawing upon the season’s finest offerings, be it produce from the sky, the sea and the land. Every detail — subtle aroma, layered texture, nuanced flavours, and elegant presentation — is harmoniously orchestrated to awaken the senses and express the restrained poetry at the heart of Japanese culinary artistry.
The Black Pearl Tasting Kaiseki is priced at MOP 1,980+ per guest and is available Tuesday to Sunday, from 5:30 pm to 10:00 pm.
Floral Tea Set in the Orchard Setting of CHA BEI
This spring and summer, Galaxy Macau unveils an enchanting new afternoon tea experience at CHA BEI, co‑created by Executive Pastry Chef Yam Lok Hin and internationally revered Meilleur Ouvrier de France Pâtissier 2023 Pierre‑Henri Roullard. Inspired by a radiant garden in full bloom, the Orchard in Bloom afternoon tea invites guests on a refined journey through delicately balanced savoury and sweet creations, infused with flowers, fruits and tea leaves. Within the serene surroundings of CHA BEI, the brilliance of the spring and summer season is reimagined as a tranquil, storybook orchard, where flavour and artistry flourish in harmony.
Galaxy Macau’s Orchard in Bloom at CHA BEI is a poetic afternoon tea by Lok Hin Yam and Pierre‑Henri Roullard, where florals, fruits and tea leaves coalesce in refined seasonal harmony.
The experience opens with Lavender Breeze, a graceful floral welcome that sets the tone for a series of garden‑inspired delights, where seasonal ingredients are transformed into elegant edible jewels. Bright citrus notes, sun‑ripened fruits and fragrant botanicals come together across exquisite pastries and artfully crafted savouries, each reflecting meticulous craftsmanship and creative imagination. Available throughout spring and summer, this inspired collaboration blossoms as a celebration of colour, texture and taste — where two distinct pastry visions unite in a symphony of refined indulgence.
Priced at MOP598+ for two, “Orchard in Bloom” afternoon tea will be available between 2:30pm and 5:30pm every day, from now until August 31.
Alongside these sumptuous delicacies, Galaxy Macau has prepared a series of fascinating dining promotions this April and beyond:
• April 9
Blossom Palaces –
“Huaiyang Spring Feast: A Symphony of Two Masters” Four-hands Gala
The refined artistry of Huaiyang cuisine takes centre stage as Blossom Palaces Founder Bobby Lo and Macau Chef de Cuisine Ricky Wu unite for an elegant spring dinner. From tea‑infused starters to signature wood‑fired Peking duck, the evening is elevated by a live tea‑frying performance celebrating tradition, aroma and seasonal finesse.
Time: 6pm – 9pm
Price: MOP1,088/person
Huaiyang cuisine takes the spotlight as Blossom Palaces Founder Bobby Lo joins Macau Chef de Cuisine Ricky Wu for a refined spring dinner, featuring tea‑infused starters, signature wood‑fired Peking duck and a live tea‑frying performance celebrating tradition and seasonal grace.
• April 10 & 11
Saffron –
“A Royal Symphony of Thai Cuisine”
Saffron marks Songkran Festival with an elegant celebration of Thai New Year, featuring a rare collaboration between Executive Chef Jan Ruangnukulkit and Chef Chumpol Jangpra, the brain behind Bangkok’s two-Michelin-starred R‑HAAN. The immersive experience blends ceremonial rituals, cultural performances and a masterfully curated tasting menu honouring tradition, artistry and renewal.
Price: MOP1,688/person (additional MOP300 for wine pairing)
Saffron marks Songkran Festival with an elegant celebration that seamlessly blends ceremonial rituals, cultural performances and a masterfully curated tasting menu – honouring Thai tradition, culinary artistry and the spirit of renewal.
• April 18 & 19
8½ Otto e Mezzo BOMBANA –
The Grand Bombana Feast
In celebration of Italian cuisine’s recognition as UNESCO Intangible Cultural Heritage, Chef Umberto Bombana unites his protégés from Michelin‑starred kitchens across Asia for an unprecedented gastronomic gathering. Each chef presents a personal interpretation shaped by heritage and mentorship, creating an elegant dialogue between timeless Italian tradition and contemporary global expression—an exceptional feast and a living culinary legacy.
Date: April 18, 2026 (dinner)│ April 19, 2026 (lunch and dinner)
Price: Lunch Tasting Menu MOP1,680/person (additional MOP980 for wine pairing)
Dinner Tasting Menu MOP3,280/person (wine-pairing for an additional MOP1,880)
In celebration of Italian cuisine’s recognition as UNESCO Intangible Cultural Heritage, Chef Umberto Bombana unites his protégés from Michelin‑starred kitchens across Asia for an unprecedented gastronomic gathering at 8½ Otto e Mezzo BOMBANA at Galaxy Macau.
• April 25 & 26
Andaz Kitchen –
Chinese-Portuguese Master Chefs Four-Hands Dinner Series · Chapter 2
Andaz Macau’s Executive Chef André Lai joins hands with Chef Larry Liu of Shenzhen’s Black Pearl One-Diamond restaurant, CHINA LODGE, for a refined culinary exchange celebrating the dialogue between Chinese tradition and Portuguese heritage. Guided by the Cantonese principles of seasonality and purity of flavours, Chef Liu brings his thoughtful craftsmanship and contemporary interpretation of Cantonese cuisine – deeply rooted in respect for ingredients and culinary legacy – resulting in an inspired collaboration that bridges cultures through taste.
Price: MOP1,088/person (wine pairing included)
• Daily
Kyo Watami –
Triple Don Indulgence
Kyo Watami’s seafood don trio invites diners to savour three bowls of Japanese favourites, each layered with seasonal seafood over steamed rice. From luxurious sea urchin and tuna, to salmon roe with sashimi, and sweet soy‑glazed grilled eel with omelette, the set is completed with a light salad and comforting soup.
Price: MOP128/set
Date: Daily during lunch hours
A Month of Global Mixology Encounters at Galaxy Macau
International symphonies of mixology continue at Galaxy Macau’s three acclaimed venues – Pony & Plume, Long Bar and Ritz-Carlton Bar & Lounge.
On April 9, Capella at Galaxy Macau’s Pony & Plume will welcome star mixologist KT Lam for the second chapter of “The Finest Pour” series. Leader of the bars at Rosewood Bangkok and having led DarkSide at Rosewood Hong Kong to No. 9 on Asia’s 50 Best Bars in 2023, KT will present four cocktails at Macau’s newest must-visit bar—each a distillation of his decade-long journey in mixology, inspired by the cities that have shaped him, capturing their energy, harmony, and contrasts.
On April 9, Capella at Galaxy Macau’s Pony & Plume will welcome star mixologist KT Lam who will shine with the distillation of his decade-long journey in mixology.
On April 11, the Ritz-Carlton Bar and Lounge at The Ritz-Carlton, Macau anticipates guests to savour an evening of “The Alchemist Flair: A Global Mixology Experience with Chase White”, as founder of Bar Blanc in Shanghai, and botanical spirits label OFBT, mixologist Chase White instils his passion and adventurous spirit into his creations, which champion a philosophy of “restrained creativity” and celebrate balance, quality, and simplicity—without sacrificing intrigue.
Long Bar at Raffles at Galaxy Macau welcomes Jo Lo and Birstacla Wong, co‑owners of Hong Kong’s acclaimed cocktail bar Bar Mind, for the April edition of Adventures in the Cavern. The award‑winning mixology duo—both past recipients of Diageo World Class Hong Kong & Macau Bartender of the Year—will present an evening of innovative cocktails that blend heritage flavours with contemporary techniques. The guest shift takes place on April 25, offering guests an inspired journey into modern mixology.
The issuer is solely responsible for the content of this announcement.
ABOUT GALAXY MACAU INTEGRATED RESORT
Galaxy Macau, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.
As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.
Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.
Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.
Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.
Strong earnings, expanding EV infrastructure and a growing digital user base reflect OR’s ongoing transformation from traditional fuel retail to integrated mobility and lifestyle services — with OR positioning itself as a scalable platform for regional partnership across Asia.
BANGKOK, THAILAND – Media OutReach Newswire – 7 April 2026 – PTT Oil and Retail Business Public Company Limited (OR), Thailand’s largest energy and lifestyle retail operator, reported 2025 EBITDA of 20,357million baht (approximately USD 645 million), a 15.2% increase year-on-year, as net profit rose 47.8% to 11,304 million baht (approximately USD 357 million) despite a 9.0% decline in total revenue. The results reflect stronger cost management and a continued shift in the company’s growth strategy toward ecosystem-led expansion across mobility, retail and digital services.
To support that expansion, OR has committed 58,000 million baht (approximately USD 1.84 billion) under a five-year investment plan running from 2026 to 2030. The plan prioritizes mobility infrastructure development, lifestyle platform enhancement, EV charging network expansion, and innovation investment — with the aim of consolidating OR’s position as an integrated mobility and consumer ecosystem operator across the region.
OR’s existing infrastructure provides a significant base from which to execute that strategy. The company’s nationwide service station network currently serves 3.9 million users per day, one of the consumer touchpoint frequencies in Thailand, with a target to reach 5 million daily users by 2030. The network integrates fuel retail, EV charging under the EV Station PluZ brand, food and beverage, health and wellness, and lifestyle services. Café Amazon, OR’s coffee chain, operates more than 4,600 outlets in Thailand and international markets, contributing to sustained consumer traffic across the network. Most recently, OR announced a joint venture with Centara to develop budget hotels at PTT Stations, targeting 70 to 80 rooms per site alongside existing amenities — a move that extends the network’s role from daily convenience into overnight hospitality.
OR is expanding EV Station PluZ further in step with its existing fuel network as electric vehicle uptake accelerates across Southeast Asia. The move reflects both the region’s shifting policy landscape and growing infrastructure demand, with OR positioning the mobility transition as a long-term growth opportunity and a gateway for partnership-driven market entry across the region.
OR’s digital platform reinforces the physical network’s reach. The blueplus+ loyalty application has accumulated 9.3 million registered members, with a target of 14 million by 2030. Beyond driving repeat visits, the platform gives OR granular visibility into consumer behavior across its entire ecosystem — enabling personalized engagement, cross-selling across business lines, and new revenue streams that a purely physical network could not unlock. With membership scale still growing, OR sees the model as a strong foundation for data-led consumer engagement as it pursues regional expansion across Asia.
OR is also in discussions regarding cross-border expansion models that would allow regional dealers, investors and operators to access its ecosystem infrastructure. OR is positioning itself to potential partners not as a conventional energy retailer but as an integrated lifestyle and mobility platform with the operational scale and digital capabilities to support localized deployment across diverse Asian markets.
“Our strategy is simple: to integrate and create synergy through a scalable and sizable model. We’ve built a profitable digital-physical ecosystem and are now seeking strategic partners to unlock growth in Asia’s fast-moving mobility and consumer sectors.,” said M.L. Peekthong Thongyai, Chief Executive Officer of PTT Oil and Retail Business Public Company Limited.
The issuer is solely responsible for the content of this announcement.
About OR
PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Station, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia’s largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 400 PTT Stations and over 300 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation.
Arabian Post Staff -Dubai BNW Developments, which describes itself as Ras Al Khaimah’s largest private developer, has entered Dubai’s off-plan market with Orvessa Residences by Michel Adam, a branded residential scheme in Al Furjan that marks the company’s latest push beyond its fast-growing base in the northern emirate. The move extends BNW’s branded-homes strategy at a time when Dubai continues to draw both end-users and investors […]
Arabian Post Staff -Dubai UAE businesses are sharply increasing their use of artificial intelligence to cut costs, raise output and strengthen resilience, with AI-related spending rising 521 per cent over the past 13 months, according to a new market snapshot based on corporate payment data. The findings point to a shift from trial use to operational deployment, particularly among smaller businesses seeking quicker productivity gains in a […]
China’s electric-arc furnace steelmakers are lifting output at the fastest pace in more than two years, helped by improving margins and a seasonal pickup in construction demand, giving the lower-carbon segment a rare competitive opening in a market still burdened by oversupply and weak property-linked consumption. Industry data showed average capacity utilisation among 94 independent EAF mills rose to 61.2% in the week of March 27 to April 2, the highest level since January 2024 and the fifth straight weekly increase.
The rebound matters because EAF steel has long struggled to gain ground in China despite official support for cleaner production. The route relies mainly on scrap rather than iron ore and coking coal, making it structurally less carbon intensive than the blast furnace-basic oxygen furnace model that still dominates the country’s steel industry. World Steel Association figures show the global production mix is far more tilted towards EAF than China’s, with electric-arc furnaces accounting for 28.6% of world crude steel output, while average carbon intensity for scrap-based EAF steelmaking is markedly below that of the conventional blast furnace route.
For Chinese mills, the immediate story is not only about decarbonisation but about economics. Higher finished-steel prices and steadier demand for construction steel have made it easier for some EAF operators to restart or raise run-rates after a prolonged spell in which many were squeezed by electricity bills, uneven scrap supply and patchy orders. Reuters reported in late February that warmer weather and the resumption of building activity typically support steel demand in March, while temporary production curbs in northern blast-furnace regions also helped firm futures prices. That backdrop has narrowed the gap between scrap-fed mills and traditional producers, even if the advantage remains fragile.
Yet the broader steel market in China remains difficult. Official and consultancy data cited by Reuters show crude steel output in 2025 fell to 960.1 million tonnes, down 4.4% from 2024 and below one billion tonnes for the first time since 2019. That decline reflected a managed effort by Beijing to address overcapacity, but it also underscored softer domestic demand and the long shadow cast by the property downturn. State-backed forecasts cited by Reuters indicate steel demand is expected to slip again in 2026 after contracting sharply in 2025, suggesting that EAF mills are recovering within a shrinking overall market rather than riding a broad-based industrial boom.
That tension helps explain why Beijing continues to press for structural change. The National Development and Reform Commission said in March that China would curb excess capacity in steel and other heavy industries in an orderly way, renewing a campaign that has featured repeatedly in official policy language. The cleaner EAF route fits that policy direction because it uses recycled feedstock and can reduce reliance on imported iron ore, but steelmakers still take their cues from margins first. When profits weaken, producers often retreat to whichever process best matches raw material costs, local power tariffs and available supply chains.
The environmental case for EAF expansion remains strong. Reuters reported last year that China had aimed to raise EAF steel’s share of crude steel production to 15% by 2025 and 20% by the end of the decade, but the actual share had been stuck around 10%. A 2025 review by the Centre for Research on Energy and Clean Air said missing the 15% milestone would add more than 160 million tonnes of carbon dioxide emissions compared with a stronger shift towards cleaner steelmaking, while high electricity costs, unreliable scrap flows and financial strain had kept many EAF operators on the back foot.
China’s steel industry also faces an external pressure point: trade. Even as domestic demand softened, exports climbed to a record 119.02 million tonnes in 2025, up 7.5% from a year earlier, according to Reuters. That export surge helped keep mills running, but it also intensified complaints abroad over cheap supply and raised the risk of more trade barriers. For EAF producers, this creates a mixed picture. Strong export channels can support domestic steel prices and improve mill economics, yet any escalation in trade restrictions would feed back into the entire sector, including the greener producers now regaining confidence.
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