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Signs of strain have emerged across the United States labour market after employers cut 92,000 jobs in February, pushing the unemployment rate to 4.4% and extending a decline in employment within the information sector that includes technology, media and telecommunications. Data released by the Bureau of Labor Statistics show the unexpected contraction followed a downward revision to earlier employment estimates and contradicted forecasts that had anticipated modest […]

Ethereum has drawn a significant influx of stablecoin liquidity, with about $523 million flowing into the network over a short period, strengthening expectations that the digital asset could test a key resistance zone near $2,142 as trading momentum gathers pace across the broader cryptocurrency market. Blockchain data indicates that large transfers of dollar-pegged stablecoins into the Ethereum ecosystem have accelerated trading activity and boosted liquidity conditions on […]

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Movement of nearly 9,600 ether valued at about $19.5 million from digital asset firm Bitmine to wallets associated with Coinbase Prime has drawn attention across cryptocurrency markets, highlighting the growing influence of companies building large corporate treasuries around ether. Blockchain data shows two transactions executed on Tuesday moving the assets to Coinbase’s institutional platform, a development that market observers say reflects internal treasury management rather than clear […]

Bhutan has continued reducing its national bitcoin stockpile after transferring another tranche of digital assets valued at millions of dollars, extending a year-long drawdown that has cut the country’s sovereign holdings by more than half. Blockchain monitoring data shows that the Himalayan kingdom moved about 175 bitcoin in early March, worth roughly $11.8 million at prevailing market prices. The transaction forms part of a broader liquidation pattern […]

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HONG KONG SAR – Media OutReach Newswire – 10 March 2026 – Hong Kong Design Centre (HKDC) welcomes the 2026-27 Budget announced by the Financial Secretary which sets out, inter alia, the Government’s commitment to drive the development of Hong Kong’s cultural and creative industries, reinforcing the city’s position as a global creative hub.

HKDC Chairman, Mr Joseph Lo, remarked, ‘HKDC has long been committed to supporting local designers and enterprises, driving design to create business value for Hong Kong, and reinforcing the city’s position as a global creative hub. In alignment with Hong Kong’s integration into the national development agenda and the advancement of Guangdong-Hong Kong-Macao Greater Bay Area (GBA) collaboration under the 15th Five-Year Plan, we will continue to strengthen partnerships between Hong Kong’s design sector, the Chinese Mainland, and the international community, leveraging Hong Kong’s unique role as a “super connector” and “super value-adder”. Through flagship programmes, we foster cross-sectoral collaboration and design innovation, and are dedicated to transforming the DX design hub into a cultural landmark for visitors to Hong Kong, further enhancing the competitiveness and influence of the city’s design industry.’

HKDC believes that Hong Kong’s diverse cultural background, world-class cultural infrastructure, and global creative industry network will further reinforce the city’s leadership in the creative industries. Its annual flagship event, Business of Design Week (BODW), will continue to convene world-class designers, brand leaders, and entrepreneurs to foster cross-cultural and cross-disciplinary exchange and business collaboration. The project ‘DX GRAVITY’, developed with the GBA design industry, will promote cross-sectoral creative and commercial synergies.

Meanwhile, ‘Fashion Asia Hong Kong’ will strengthen ties among local, Chinese Mainland, and international fashion communities through strategic showcases, offering valuable opportunities for business growth and global exposure. Together, these initiatives highlight HKDC’s role as the premier platform enabling design brands to go global while attracting international talent and investment.

HKDC will continue to fully support government policy initiatives, working closely with industry stakeholders to advance Hong Kong’s cultural and creative industries, enhance global competitiveness, and position the city as a world‑class creative capital.

Hashtag: #HKDC

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

About Hong Kong Design Centre (www.hkdesigncentre.org)

Hong Kong Design Centre is a strategic partner of the HKSAR Government in leveraging the city’s East-meets-West advantage to create value from design.

The major programmes include Business of Design Week, DFA Awards, Fashion Asia Hong Kong and BODW In the City. Since 2024, we have also been operating the DX design hub in Sham Shui Po, dedicated to fostering emerging design talents and facilitating collaborations and exchanges in the design industry, as well as providing visitors an immersive experience through innovative exhibitions, fashion showcases and cultural events.

To achieve our goals, we:

  • Cultivate a culture of design
  • Bridge stakeholders to opportunities that unleash the power of design
  • Promote excellence in various design disciplines

About Cultural and Creative Industries Development Agency (www.ccidahk.gov.hk)

The Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA’s strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia’s creative capital and our positioning as the East-meets-West centre for international cultural exchange.

Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to some of HKDC’s activities/projects only, and does not otherwise take part in such funded activities/projects. Any opinions, findings, conclusions or recommendations expressed in this publication and relevant materials/events (or by members of the project teams) are those of HKDC only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

Saudi Aramco reported a decline in full-year net profit for 2025, reflecting the impact of lower crude oil and petrochemical prices on the world’s largest energy producer. The company posted net profit of $93.38 billion for the year, an 11.6 per cent fall compared with the previous year. The drop was driven primarily by weaker revenues linked to softer global energy prices and lower returns from chemical […]

Arabian Post Staff -Dubai Abu Dhabi’s financial services ambitions expanded into the United States after Judan Financial, a subsidiary of International Holding Company, agreed to acquire a 50.1 per cent stake in Miami-based investment manager Alpha Wave Global, a firm overseeing about $29 billion in assets across multiple investment strategies. Announcement of the deal marks the first strategic investment by Judan Financial since its establishment as a […]

HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – In response to the national 15th Five-Year Plan’s emphasis on developing new productive forces and positioning Hong Kong as an international hub for high-caliber talent, and in alignment with the talent development initiatives outlined in the 2026–27 Budget, the “New Productive Forces” Job Fair 2026 organised by the Hong Kong Productivity Council (HKPC) was successfully held on 7 March.

As one of HKPC’s key annual initiatives promoting Artificial Intelligence (AI) and talent development, the job fair attracted over 2,000 tertiary students, fresh graduates and job seekers from across the Guangdong-Hong Kong-Macao Greater Bay Area. The event brought together more than 50 leading enterprises, organizations and government departments, offering over 10,000 quality job opportunities in key areas of new productive forces such as AI and STEAM. The event successfully established an efficient two-way talent matching platform and demonstrated HKPC’s commitment to implementing a talent-driven development strategy through concrete action.

The Job Fair also served as a core event funded by the Innovation and Technology Commission’s “New Productive Forces Talent Programme”. The event received strong support from more than 30 organisations, including the Hong Kong Talent Engage, the Labour Department, the Federation of Hong Kong Industries, the Hong Kong Quality and Talent Migrants, as well as various tertiary institutions. The opening ceremony was held in the morning, with officiating guests including Dr Lawrence CHEUNG, Chief Technology Officer of HKPC; Miss Rosalind CHEUNG, Assistant Commissioner for Innovation and Technology (Funding Schemes) and Ms. Karen FUNG, Chief Marketing Officer of HKPC.

At the opening ceremony, Dr Lawrence CHEUNG emphasised: “This year marks the beginning of the 15th Five-Year Plan and represents a golden opportunity for Hong Kong to leverage its strengths and align with national strategies. We must seize this opportunity to attract talent from around the world and develop new productive forces with Hong Kong characteristics. This Job Fair not only serves as a bridge connecting job seekers and enterprises but also provides an important platform to showcase how new productive forces can lead Hong Kong’s future development. Over the past two years, the “New Productive Forces Talent Programme” has organised a series of courses and technology study tours, and trained more than 1,000 participants.”

In a subsequent sharing session, Mr. Brian WONG, Chief People and Culture Officer of HKPC, delivered a presentation titled “HR as the AI Change Agent: Driving Enterprise-wide AI Transformation.” He pointed out that the success of corporate transformation in the AI era hinges on whether human resources (HR) can effectively play the role of change drivers. He shared several practical strategies, including how to cultivate AI engineers and talent in related fields. He emphasised that a company’s talent strategy should not be limited to technical skills training but should also focus on nurturing high-level thinking and innovative capabilities in talent, driving the company to adapt to rapidly changing markets and achieve robust transformation.

HR Leaders Praise Platform Value; Strong On-site Talent Matching

This year’s Job Fair featured a strong lineup of exhibitors, including Huawei International Hong Kong, Alibaba Hong Kong, Cathay Pacific Services Limited, The Bank of East Asia, EY and PwC, as well as government departments such as the Labour Department. Job opportunities covered key roles such as AI Consultant, Digital Transformation Specialist, Solutions Engineer and Digital Marketing Officer. Dedicated graduate programmes and internship opportunities were also offered, meeting the employment needs of a wide range of talent while providing companies with an important platform to recruit high-quality professionals in emerging technology sectors.

The atmosphere at the venue was vibrant, with many companies arranging on-site interviews, enabling job seekers to enjoy a seamless “one-stop interview” experience. HR representatives from participating companies highly praised the effectiveness of the event. Mr. Ryan Tang, Head of Personal Banking & Wealth Management Technology, Bank of East Asia, said: “The Job Fair attracted many professionals with experience in AI and technological transformation. I was very pleased to interact with them on site. Some candidates possess skills that match the bank’s needs, effectively strengthening our core talent pool.” Ms. Erica Kwan, Head of Business Development and Marketing, HSM Industrial Solution Company, said: “This Job Fair has improved our efficiency in recruiting digital and technical talent, enabling job seekers to connect more precisely with professional pathways in new industrialisation and become an important driving force for Hong Kong’s new productive forces.”Ms. Natalie Yuan, Co-Founder and Chief Operating Officer of First Resume, remarked: “Job seekers on site showed a strong desire to enhance their job-hunting skills in the era of new productive forces. We look forward to deepening our collaboration with HKPC in the future to help talent strengthen their competitiveness.” Job seekers also widely noted that the event not only brought together a large number of quality job opportunities but also allowed them to communicate directly with company representatives and receive free career support, helping them better understand the talent requirements of emerging technology sectors and plan their future career development paths.

AI-Powered Services Enhance the Job-Seeking Experience

To help job seekers stand out in the competitive job market, the Job Fair continued to provide a wide range of free and comprehensive career support services. Among them, complimentary professional headshot photography remained one of the most popular services, helping many participants obtain professional photos suitable for job applications. At the same time, AI-powered CV optimisation, AI mock interviews, and one-on-one CV consultation services were also highly welcomed by participants. Multiple industry seminars and practical workshops were fully booked, covering topics such as “Applications of AI in Recruitment”, “AI Career Opportunities in the Finance and Technology Sectors”, and “100 Days of AI Transformation: Entering the Finance and Technology Industries”. Industry experts shared valuable job-hunting skills and insights into industry trends. In addition, the Job Fair introduced a new “Start–up Zone“, allowing job seekers to engage directly with local startup entrepreneurs and broaden their innovative thinking. The founder of the startup CanTone said, “This event allowed more people to learn about our entrepreneurial vision, and it also helped us recruit student interns, enhancing our startup’s competitiveness.” The “Maker Workshop“ also attracted many participants, who operated equipment such as 3D printers and laser engraving and cutting machines under the guidance of professional instructors, experiencing the appeal of innovation and technology manufacturing and further stimulating their interest in exploring the field of new productive forces.

HKPC has long been committed to cultivating talent with strong competitiveness for the Greater Bay Area. Through the integrated model of “job matching + career support + industry exchange”, the Job Fair not only helps enterprises address their talent needs but also enables job seekers to seize the opportunities presented by the development of new productive forces and achieve high-quality employment.

In the future, HKPC will continue to build diversified talent exchange and matching platforms while further enhancing the talent development ecosystem in the field of new productive forces.

Photo Captions:

  1. Dr Lawrence CHEUNG, Chief Technology Officer of HKPC, delivered welcome remarks at the opening ceremony of the “New Productive Forces” Job Fair 2026, noting that the Job Fair not only connects job seekers and enterprises but also showcases how new productive forces can lead Hong Kong’s future development.
  2. Dr Lawrence CHEUNG, Chief Technology Officer of HKPC (Middle) and Miss Rosalind CHEUNG, Assistant Commissioner for Innovation and Technology (Funding Schemes) (Right) and Ms. Karen FUNG, Chief Marketing Officer of HKPC (Left), officiate the opening ceremony of the “New Productive Forces” Job Fair 2026.
  3. Guests of honour, supporting organisations, representatives from institutions and associations witnessed the grand opening of the “New Productive Forces” Job Fair 2026.
  4. The Job Fair attracted a large crowd and brought together more than 50 leading enterprises, organisations and government departments, offering over 10,000 quality positions in key areas of new productive forces such as AI and STEAM.

Hashtag: #HKPC

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

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: .

Driving R&D Translation and Sector Collaboration; Elevating Hong Kong as a Global Life & Health Innovation Hub

HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – The Hong Kong Productivity Council (HKPC) today officially launched its new “Future Life & Health Tech Centre”, unveiling a suite of R&D achievements and application technologies across life sciences, medical technology, future food, biotechnology and modernisation of Chinese medicine. With a clear focus on accelerating R&D, pilot-scale development, smart manufacturing and commercialisation, the Centre aims to serve as an industry accelerator for life and health technology in Hong Kong, supporting the commercialisation of research outcomes from lab to market and driving the development of new productive forces.

Mr Edmond LAI, Chief Digital Officer of HKPC, said, “Life and health technology is a fast-rising focus for Hong Kong’s innovation and technology development. The Government’s 2026–27 Budget also outlines several initiatives to accelerate I&T development, with a primary focus on life and health technology. HKPC is committed to supporting the Government’s strategic development in this field by delivering forward-looking innovative technologies and services. Through the ‘Future Life & Health Tech Centre’, we will leverage AI, smart manufacturing, pilot platforms and cross-border collaboration to speed up the commercialisation of research outcomes, fostering Hong Kong as an international life and health innovation hub.”

An integrated platform from R&D to market adoption

Positioned as an end-to-end enabler across the full value chain, the “Future Life & Health Tech Centre” provides systematic support from research and pilot production through to scaleup and market adoption. It includes platforms for active ingredient efficacy validation, microencapsulation and controlled release, AI health monitoring model development, dosage form optimisation for Chinese medicine, future food technologies, medical device pilot capabilities and smart microfactory demonstration. The Centre serves as a bridge between universities and research institutes, healthcare providers, local enterprises and Greater Bay Area resources, facilitating upstream, midstream and downstream collaboration for life and health technology.

Exhibition Highlights Showcasing Diverse Applications in Life and Health Technology

According to HKPC’s “Hong Kong Life and Health Industry Development Study”, the sector’s long-term success hinges on technology-driven innovation and efficient industrialisation. The Centre showcases the following innovations:

1. Medical Technology and Diagnostics

  • Veterinary recombinant plasmid DNA vaccine injection technology: Enhances plasmid DNA uptake to boost antibody production and immune response while improving safety; supports animal vaccine R&D.
  • Innovative Porous Silica Capsule Technology: Delivers precise, sustained release of drugs or antibacterial agents; tested to eliminate over 95% of harmful microorganisms. HKPC co‑developed a customised hybrid process and smart production equipment for APEL to establish a “Smart Micro‑factory”, translating research into industrial application.
  • Modernisation of Traditional Chinese Medicine: Combines modern dosage form development with zebrafish model validation. A TCM-based hydrogel patch is undergoing drug registration, with approval targeted for Q3 2026.
  • AI Scalp Health Diagnosis System: Built on HKPC’s open AI platform “HKPC Picasso,” it utilises high-resolution imaging and multimodal data to detect scalp conditions and instantly generate personalised health reports.

2. Future Food and Functional Nutrition

  • Bioprotective Coating Technology for Preservation on Fresh Produces: A food-grade coating that reduces moisture loss, oxygen exposure and microbial growth to extend shelf life and enhance supply chain efficiency.
  • Microencapsulation and Controlled Release Technology for Functional Food: Embeds active ingredients within a carrier system to protect sensitive substances, enhance bioavailability and enable precise release control.
  • AI-enabled Liquid Chilling Tunnel System: A two-stage chilling solution that reduces cooling time by over 60% and boosts efficiency by 90%. An AI vision system automatically identifies products and optimises chilling cycles, ensuring food safety, process stability and full data traceability. The technology has received multiple international honours, including the Gold Medal at the 2017 International Exhibition of Inventions Geneva.

HKPC emphasised that the “Future Life & Health Tech Centre” will act as a key platform for innovative research, pilot-scale development and industrial-scale commercialisation. Moving forward, HKPC will work closely with the Government, academia, healthcare organisations and industry partners in Hong Kong and other cities of the Greater Bay Area to strengthen the innovation ecosystem for life and health technology—supporting Hong Kong’s development as an international life and health innovation hub and advancing new industrialisation.

Photo Captions:

  1. Mr Edmond LAI, Chief Digital Officer of the Hong Kong Productivity Council, outlines the vision and strategy of the “Future Life & Health Tech Centre” and introduces a range of cutting-edge R&D outcomes in life and health technology.
  2. The “Future Life & Health Tech Centre” showcases medical technology and diagnostic innovations, including the “Veterinary recombinant plasmid DNA vaccine injection technology” and the “Modernisation of Traditional Chinese Medicine”.
  3. The “Future Life & Health Tech Centre” features future food technologies, including the “Bioprotective Coating Technology for Preservation on Fresh Produces” and “Microencapsulation and Controlled Release Technology for Functional Food”.

Hashtag: #HKPC

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

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: .

By Nantoo Banerjee The all-out war in West Asia, involving the US-Israel combine and Iran and covering 10 countries in the region, is expected to have a big economic backlash on India. At stake are India’s $120-billion trade in this region, huge oil imports, overall balance of payments, inflow of external investments, foreign repatriation and […]

The article Iran War Is Likely To Hit Indian Economy Hard appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Arabian Post Staff -Dubai   Rising geopolitical tensions linked to the Iran conflict could place Gulf banking systems under growing strain, with the potential to weaken asset quality and squeeze profitability if hostilities deepen, according to a fresh assessment by ratings analysts. Financial institutions across the Gulf Cooperation Council may face a deteriorating operating environment should the conflict expand or persist for a prolonged period, a development […]

Al-Futtaim BYD KSA has expanded its retail network in Saudi Arabia with the launch of three fully integrated showrooms in Abha, Khurais and Mall of Dhahran, signalling a broader push to strengthen the presence of electric and hybrid vehicles across the Kingdom. The openings form part of the company’s expansion programme for the first quarter of 2026 and underline a strategy aimed at widening access to new-energy […]

Huawei has presented a new blueprint for transforming broadband infrastructure with artificial intelligence, unveiling an upgraded fibre access architecture aimed at helping internet service providers manage surging data demand and increasingly complex digital services. The proposal, introduced during Mobile World Congress Barcelona 2026, centres on Huawei’s Next Generation Fiber Access Network, or FAN, which integrates AI tools with all-optical broadband systems. Company executives said the architecture is […]

Scorching temperatures across Southeast Asia are expected to intensify electricity demand just as geopolitical turmoil in the Middle East disrupts global fuel supply, raising concern among policymakers and utilities about potential power shortages and higher costs across the region.

Meteorological agencies across several ASEAN countries warn that the coming early-summer period is likely to be warmer than the seasonal average, a pattern linked to persistent climate warming and regional weather anomalies. Rising temperatures typically trigger sharp increases in electricity use as households and businesses rely heavily on air-conditioning and cooling systems, placing additional strain on national power networks.

Energy markets are simultaneously grappling with the fallout from escalating conflict in the Persian Gulf. Fighting involving Iran has disrupted shipments of crude oil and liquefied natural gas through the Strait of Hormuz, a narrow maritime passage that handles a significant share of the world’s energy trade. Roughly one-fifth of global oil shipments and a substantial portion of LNG exports move through the corridor, making any disruption particularly significant for Asian import-dependent economies.

Oil prices surged above $100 a barrel as the conflict intensified, while supply interruptions and fears of a prolonged disruption triggered volatility across energy markets and financial exchanges. Governments across Asia have begun implementing emergency measures aimed at cushioning the economic shock and preventing shortages.

Countries in Southeast Asia are especially vulnerable because many rely heavily on imported fuels to power electricity generation. Natural gas and coal dominate power production across the region, with LNG imports playing a critical role in balancing demand during peak consumption periods. Any disruption to shipping routes or supply chains therefore has immediate implications for electricity prices and grid stability.

Power demand across the region has been rising steadily for years due to economic expansion, population growth and increasing use of cooling appliances. Analysts estimate electricity demand in Southeast Asia is growing by about 4 per cent annually, largely driven by air-conditioning use during hotter weather and expanding industrial activity.

Energy planners warn that the convergence of extreme heat and constrained fuel supply creates a difficult balancing act. Utilities must maintain adequate generation capacity while managing the rising cost of imported fuels, particularly LNG, which is often purchased on volatile spot markets.

Several governments have already moved to conserve energy. Bangladesh advanced the closure of universities during the Ramadan period as part of a plan to reduce electricity consumption, while authorities redirected natural gas supplies to power plants to maintain generation. The country depends heavily on imported fuel and has turned to expensive spot LNG cargoes to stabilise supply.

Other Asian economies have taken similar steps. South Korea has capped domestic fuel prices and warned against panic buying, while Japan is examining options including strategic reserve releases to offset the shock from rising crude prices.

Energy traders say the situation is already tightening fuel availability across the region. With several producers in the Gulf facing infrastructure disruptions or export constraints, cargoes are being diverted and prices for both crude and LNG have climbed sharply. Countries with weaker purchasing power risk being outbid by larger economies competing for limited supply.

Electricity demand is expected to climb even further in the coming years. Global consumption is forecast to keep expanding as economies electrify transport, digital infrastructure and industry. Data centres, artificial intelligence systems and urbanisation are adding new layers of demand across emerging markets.

Within Southeast Asia, the growth of digital infrastructure is becoming an additional pressure point. Rapid expansion of data-centre capacity is expected to multiply electricity requirements over the next decade, creating a new base load for national grids even before accounting for seasonal surges in cooling demand.

Energy experts say the current supply disruption illustrates the strategic vulnerability created by dependence on imported fossil fuels. A large share of oil and LNG used across Asia originates in the Gulf region, making the area’s geopolitical stability central to electricity security thousands of kilometres away.

The pressure has revived debate over the pace of renewable-energy deployment across ASEAN economies. Governments have pledged to expand solar, wind and hydropower capacity to cut carbon emissions and reduce fuel imports. Yet analysts warn that when supply shocks hit, authorities often prioritise short-term reliability over long-term climate targets, sometimes extending reliance on coal or other conventional fuels.

Utilities across the region are therefore preparing contingency plans for the peak summer period. Grid operators are examining reserve margins, arranging additional fuel cargoes where possible and urging consumers to moderate electricity use during peak hours.

Energy ministers across Asia have also intensified regional consultations on energy security, discussing coordinated responses such as shared fuel storage, joint procurement arrangements and accelerated development of cross-border power connections.

Oil’s sharp rise above the $100-a-barrel threshold has shaken global markets, yet digital asset markets have shown unexpected resilience, with bitcoin stabilising alongside segments of Wall Street as investors weigh the limited direct exposure of the United States economy to energy supply shocks. Crude prices surged after escalating tensions in the Middle East disrupted shipping routes and threatened flows through the Strait of Hormuz, a passage responsible […]

Global networks faced more than eight million distributed denial-of-service attacks during the second half of 2025, underscoring a sharp escalation in the scale and coordination of cyber disruption campaigns as attackers deploy increasingly sophisticated techniques to overwhelm digital infrastructure. Findings released by cyber-security firm NETSCOUT Systems indicate that attackers are exploiting automation, botnets and artificial intelligence-assisted tactics to launch large volumes of disruptive traffic against businesses, governments […]

Ripple is repositioning XRP as a core collateral asset for institutional decentralised finance, signalling a strategic shift beyond its long-standing role in cross-border payments and liquidity services. Senior executives at the company say the plan centres on transforming the token into a foundational layer supporting tokenised financial markets, where banks, asset managers and financial institutions can use blockchain infrastructure for lending, trading and settlement. Ross Edwards, a […]

Arabian Post Staff -Dubai Dubai has approved a comprehensive public safety law aimed at strengthening community protection, regulating behaviour in public spaces and expanding the legal tools available to authorities to respond to emergencies and security threats. The legislation, announced by the government of Dubai, forms part of a broader effort to modernise policing powers while reinforcing the emirate’s reputation as one of the world’s safest cities. […]

Ethereum’s market price has shown muted momentum across parts of the digital-asset market, yet underlying indicators suggest a steady expansion in the network’s financial infrastructure as tokenised real-world assets and Layer-2 platforms gather pace. Data tracking blockchain-based financial products indicates that tokenised real-world assets—commonly known as RWAs—have climbed to roughly $20.4 billion in value across decentralised networks, reflecting growing institutional participation and experimentation with blockchain settlement systems. […]

Arabian Post Staff -Dubai Network usage across the two holy mosques in Saudi Arabia has surged during the mid-Ramadan peak, highlighting the scale of digital demand generated by millions of worshippers and visitors converging on Makkah and Madinah. Telecommunications operator stc Group reported significant increases in data traffic and communication services at both sites, underscoring the growing role of advanced connectivity infrastructure in supporting large-scale religious gatherings. […]

BEIJING, CHINA – Media OutReach Newswire – 7 March 2026 – CGTN published an article on the opening meeting of the fourth session of the 14th CPPCC National Committee. Reviewing the work of the CPPCC National Committee in 2025 in areas like its consultative and deliberative work and assisting in the formulation of the 15th Five-Year Plan, the article highlights the CPPCC’s role as a dedicated consultative body through which people’s democracy is practiced.

CGTN

Committed to addressing the difficulties regarding people’s livelihood through the rule of law, Pi Jianlong, a lawyer and a national political advisor, has spent years going deep into factories, workshops, law firms and juvenile probation and rehabilitation centers, making sure that his proposals, grounded in rigorous field research, are precise, practical and responsive to real needs.

Noting the predicament faced by food delivery riders, including the lack of contracts, social security and basic protection, he proposed targeted suggestions such as innovating social security models and strengthening platform responsibilities. In 2025, platforms such as JD.com and Meituan successively introduced social security plans, providing full social insurance coverage for full-time riders and accident and medical insurance for part-time riders.

Awarded for his outstanding performance in 2025 by the Chinese People’s Political Consultative Conference (CPPCC) National Committee recently, Pi exemplifies the commitment of thousands of CPPCC members to serving the people through high-quality duty fulfillment, underscoring the CPPCC’s role as a major vehicle through which people’s democracy is practiced.

On Wednesday afternoon, China’s top political advisory body, the CPPCC National Committee, kicked off its annual session in Beijing. Chinese President Xi Jinping, together with other leaders, attended the opening meeting of the fourth session of the 14th CPPCC National Committee.

99.9% proposals handled

Acting as a dedicated consultative body, the CPPCC has pooled extensive consensus and strength to support the successful conclusion of the 14th Five-Year Plan and a solid start to the 15th Five-Year Plan over the past year, injecting strong vitality into the practice of whole-process people’s democracy – a key concept put forward by Xi himself to advance China’s political landscape.

Over the years, China has made all-around progress in improving the institutions, standards and procedures of socialist democracy and advanced socialist consultative democracy by way of extensive participation.

According to a work report delivered at the opening meeting, in 2025, the CPPCC National Committee received 5,992 proposals from its members, of which 5,061 were accepted for processing. The response rate for the accepted proposals stood at 99.9%.

The CPPCC National Committee members carried out 6,778 activities to serve the people, along with 11,115 outreach activities engaging people from relevant sectors. These efforts benefited more than 4 million people.

By innovating consultative and deliberative methods, improving consultative democracy institutions, and fostering a culture of consultation, the CPPCC has further strengthened its role in promoting democracy and offering policy advice while building consensus.

Over the past year, the CPPCC National Committee held 98 consultative and deliberative events, ranging from promoting the country’s green and low-carbon transition for the 15th Five-Year Plan and developing the silver economy to improving and innovating social governance. These efforts demonstrate that consultative democracy is grounded in reality and responsive to public needs, pooling support, consensus, wisdom and strength to advance Chinese modernization.

Securing a strong start to the 15th Five-Year Plan

Supporting the formulation of the 15th Five-Year Plan serves as a key task of the CPPCC in 2025, representing a vivid practice of whole-process people’s democracy.

From May 20 to June 20 last year, China launched an online public consultation to gather opinions for its next five-year plan. The initiative drew over 3.11 million valid submissions, yielding more than 1,500 constructive suggestions across 27 topics.

A summary of these findings was submitted to the Party leadership, ensuring that the people’s voices were heard at the highest level. By September, a total of 2,112 suggestions had been collected from various regions, departments and sectors, resulting in 218 revisions to the document.

To contribute to the 15th Five-Year Plan, the CPPCC, over the past year, held a special standing committee meeting and carried out 54 special studies, yielding a series of high-quality outcomes. Meanwhile, it launched a special research column, publishing 55 issues to provide evidence-based references for policy-making.

This broad-based participation highlights that national development strategies are rooted in public will, gathering strong momentum for Chinese modernization.

According to the work report, in 2026, the CPPCC will conduct in-depth research and thorough consultations on major tasks and strategic measures of the 15th Five-Year Plan and carry out cross-committee, cross-sector and cross-disciplinary studies, aiming to put forward forward-looking, targeted and operable policy suggestions, according to the report.

Focusing on key issues in areas such as economic development, technological innovation, reform and opening up, social development, and people’s livelihood, the CPPCC will truthfully reflect public opinions based on facts and implement the CPPCC National Committee’s democratic oversight work plan during the 15th Five-Year Plan period.

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VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
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