News related to
growth

Dubai’s Roads and Transport Authority has opened an eight-kilometre alternative road that gives direct access to tourist camps in the Al Awir area, easing movement for visitors and service providers and diverting heavy seasonal traffic away from internal desert tracks. The new corridor connects Al Awir Road with clusters of licensed camps, reducing travel time and improving safety during peak desert activity periods. Officials said the alignment […]

TECOM Group has launched Phase 4 of its Innovation Hub at Dubai Internet City, marking a significant expansion aimed at meeting growing demand for Grade-A office space from multinational companies operating across technology, digital media, telecommunications and other future-focused sectors. Valued at Dhs615 million, the new phase will add 263,000 square feet of gross leasable area, reinforcing Dubai Internet City’s role as a regional centre for global […]

Saudi Arabia is preparing to lift crude oil shipments at the start of 2026, a move that underscores mounting concerns about excess supply as global demand growth remains uneven. Allocations to buyers across Asia, Europe and North America are set to rise, according to trade and shipping data reviewed by market participants, pointing to a more assertive sales posture by the world’s largest exporter after months of […]

Abu Dhabi-based developer Modon Holding has awarded a Dh5 billion main construction contract for two large residential communities on Hudayriyat Island, underlining the pace of high-end housing development in the capital’s waterfront corridor. The award covers Nawayef East and Nawayef West and involves the delivery of 735 luxury villas, the company disclosed in a filing to the market. The projects sit within the Nawayef master plan on […]

Hong Kong and Macau Organisations Honoured for Outstanding Achievements ESG-led Business for a Sustainable Future

HONG KONG SAR – Media OutReach Newswire – 19 December 2025 – With global acceleration towards sustainable development and rising expectations from investors and stakeholders for responsible business practices, Hong Kong and Macau enterprises in recent years have been actively integrating Environmental, Social and Governance (ESG) vision into their business strategies to drive green transformation and high-quality growth. Organised by Television Broadcasts Limited (TVB) and co-organised by the Hong Kong Productivity Council, the TVB ESG Awards 2025 (the Awards) aim to recognise and commend enterprises and organisations that have demonstrated outstanding performance in ESG and sustainable development. Now in its fourth edition, this annual flagship event recognise outstanding organisations and their achievements in ESG practices over the past year.

The ceremony was officiated by Mr. Michael WONG, GBS, JP, Deputy Financial Secretary (2nd left); Dr. LAM Ching-choi, GBS, JP, Non-official Member of the Executive Council & Chairman of the Council for Carbon Neutrality & Sustainable Development (1st right); Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited (2nd right); and Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council (1st left).
The ceremony was officiated by Mr. Michael WONG, GBS, JP, Deputy Financial Secretary (2nd left); Dr. LAM Ching-choi, GBS, JP, Non-official Member of the Executive Council & Chairman of the Council for Carbon Neutrality & Sustainable Development (1st right); Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited (2nd right); and Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council (1st left).

The ceremony was officiated by Mr. Michael WONG, GBS, JP, Deputy Financial Secretary; Dr. LAM Ching-choi, GBS, JP, Non-official Member of the Executive Council & Chairman of the Council for Carbon Neutrality & Sustainable Development; Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited; and Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council. Following the Green Summit held in July this year, the presentation ceremony also featured sharing sessions, inviting industry leaders and experts to exchange the latest trends and practical experience. In addition, the enhanced matching sessions enabled enterprises to connect with numerous attendees through exhibition booths to promote cross-sector collaboration and knowledge sharing.

Diverse Award Categories Recognise ESG Efforts of Hong Kong and Macau Industries

This year’s Awards include the “Outstanding ESG Award”, “Best in ESG Practices”, “Best in ESG Report”, “ESG Environmental Innovative Technology Award” and “ESG Social Innovative Technology Award”. Entries were open to five groups, namely large, medium, small market capitalisation/ GEM listed companies, as well as non-listed companies and non-profit organisations, to recognise the achievements of enterprises of different scales in ESG practices, reporting and innovation. To identify outstanding performers, a cross-sector professional judging panel appointed by TVB were responsible for assessing entries, using clear and diversified selection criteria that mainly cover five areas: environment, social, corporate governance, sustainability strategy, corporate information disclosure and communication.​​

Additionally, a new “Greater Bay Area ESG Excellence Enterprise Award (Macau SAR)” has been introduced this year to recognise Macau enterprises and organisations with outstanding ESG performance that actively promote sustainable development in the Macau community. Furthermore, to enhance and recognise the excellent performance of small and medium-sized enterprises (SMEs) in ESG practices and innovation, TVB has collaborated with the “ESG One” platform of the Hong Kong Productivity Council to launch the “SME ESG Excellence Award” this year. The award covers five areas: “Business Decarbonisation”, “Employee Care”, “Supply Chain Partnership”, “Sustainable Governance” and “ESG Technology Enhancement”, helping SMEs to progressively enhance their ESG performance. Organisations that did not receive the above ESG category awards but have actively performed and implemented ESG initiatives in various aspects will be eligible for nomination of “ESG Special Recognition Award – with Merit” or “ESG Special Recognition Award” in acknowledgement of their contributions.

Mr. Michael WONG, GBS, JP, Deputy Financial Secretary, said in his keynote speech, “Hong Kong possesses significant advantages in green economy transformation. As the city’s two major innovation and technology flagships, Hong Kong Science Park and Cyberport have now brought together over 270 green technology companies, representing growth of more than 80% compared to 2023, reflecting remarkably rapid development in recent years. Hong Kong can provide diversified investment and financing channels, enabling international capital to match with quality green projects. As of the end of September this year, there are over 200 SFC-authorised ESG funds with assets under management exceeding HKD1.1 trillion, demonstrating that investors are increasingly prioritising investment in sustainable development. The Government looks forward to continued collaboration with all of you to jointly build our sustainable future and make outstanding contributions to Hong Kong’s green economic development.”

Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited, said, “The TVB ESG Awards 2025 received over 250 corporate entries this year, reflecting the growing importance of ESG for enterprises. We are grateful to all award-winning organisations and partners for their continued support of this flagship award. This year’s awardees excelled in ESG performance and set forward-looking models for the industry. TVB is actively supporting enterprises to devote resources to ESG development, incorporate sustainability into business decision-making and operations, and strengthen their sense of social responsibility. The Awards also provide a professional exchange platform for enterprises of different industries and scales to share their ESG strategies and tangible outcomes with a wider range of stakeholders.”

To help the public gain a more comprehensive understanding of the vision, mission and innovative strategies of various enterprises, the presentation ceremony featured sharing sessions. The judge Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council, together with representatives from enterprises receiving the Outstanding ESG Award, exchanged practical insights. As the highest honour of this year’s Awards, the Outstanding ESG Award is conferred upon top-tier organisations in each category that have achieved the best performance in both “ESG Practices” and “ESG Report”. The award-winning enterprises shared their insights in the session titled “Partnering Across Sectors to Co-create a Low-carbon Future”:

  • Ms. Jessica CHAN, Head of Sustainability of MTR Corporation, shared how MTR leverages its diversified business portfolio to drive carbon reduction and social inclusion in daily operations, thus encouraging business partners to enhance their ESG performance.
  • Ms. Angel SZE, Company Secretary and Head of ESG Management Committee, Fosun International Limited, who shared how Fosun is driving innovation and global development to create value, while highlighting effective ESG practices for cross‑industry and cross‑regional enterprises.
  • Ms. Connie LAU, Assistant General Manager, Legal Department, China State Construction Development Holdings Limited, who used examples of innovative applications to demonstrate the company’s breakthroughs and decarbonisation goals.
  • Mr. Jonathan CHIU, President, Schneider Electric Hong Kong, who highlighted the company’s commitment as a global energy technology leader to driving efficiency and sustainability by electrifying, automating and digitalising industries, businesses and homes, contributing to Hong Kong’s low-carbon transition.
  • Mr. Peter LEE, Chief Sustainability Officer, Airport Authority Hong Kong, elaborated on how the authority collaborates with business partners and extends the sustainability concept to the society and education sector.
  • Mr. Oswald AU, Managing Director, Riskory Consultancy Limited, shared how SMEs can drive ESG through innovative solutions and practical actions, while leveraging mega event economy development to create greater impact.

The judge Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council (1st left), together with representatives from enterprises receiving the Outstanding ESG Award, Ms. Jessica CHAN, Head of Sustainability of MTR Corporation (2nd left); Ms. Angel SZE, Company Secretary and Head of ESG Management Committee, Fosun International Limited (3rd left); Ms. Connie LAU, Assistant General Manager, Legal Department, China State Construction Development Holdings Limited (4th left); Mr. Jonathan CHIU, President, Schneider Electric Hong Kong (3rd right) ; Mr. Peter LEE, Chief Sustainability Officer, Airport Authority Hong Kong (2nd right); Mr. Oswald AU, Managing Director, Riskory Consultancy Limited (1st right), exchanged practical insights in the session titled “Partnering Across Sectors to Co-create a Low-carbon Future”.
The judge Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council (1st left), together with representatives from enterprises receiving the Outstanding ESG Award, Ms. Jessica CHAN, Head of Sustainability of MTR Corporation (2nd left); Ms. Angel SZE, Company Secretary and Head of ESG Management Committee, Fosun International Limited (3rd left); Ms. Connie LAU, Assistant General Manager, Legal Department, China State Construction Development Holdings Limited (4th left); Mr. Jonathan CHIU, President, Schneider Electric Hong Kong (3rd right) ; Mr. Peter LEE, Chief Sustainability Officer, Airport Authority Hong Kong (2nd right); Mr. Oswald AU, Managing Director, Riskory Consultancy Limited (1st right), exchanged practical insights in the session titled “Partnering Across Sectors to Co-create a Low-carbon Future”.

Building on these insights, another sharing session titled “Building a Green and Sustainable Pathway: Advancing Liveable, Inclusive Smart Cities” invited Mr. Andy WONG, Senior Manager, Advocacy, Our Hong Kong Foundation, as moderator. He was joined by Ir. Franco CHEUNG, Director (Projects), Hong Kong Housing Society, Mr. Samuel KWONG, Senior Associate Director – ESG, Chinachem Group and Mr. Jeffery LOK, Managing Director, Kwan On Chemical Enterprise Co. Ltd., for in-depth discussions on topics such as decarbonisation planning, the application of green building technologies including Modular Integrated Construction (MiC), kitchen and grease trap waste oil recycling, exploring the roadmap for Hong Kong and Macau’s sustainable urban development and environmental benefits.

The sharing session titled “Building a Green and Sustainable Pathway: Advancing Liveable, Inclusive Smart Cities” invited Mr. Andy WONG, Senior Manager, Advocacy, Our Hong Kong Foundation (1st left), as moderator. He was joined by Ir. Franco CHEUNG, Director (Projects), Hong Kong Housing Society (2nd left); Mr. Samuel KWONG, Senior Associate Director – ESG, Chinachem Group (2nd right); Mr. Jeffery LOK, Managing Director, Kwan On Chemical Enterprise Co. Ltd. (1st right) for in-depth discussions.
The sharing session titled “Building a Green and Sustainable Pathway: Advancing Liveable, Inclusive Smart Cities” invited Mr. Andy WONG, Senior Manager, Advocacy, Our Hong Kong Foundation (1st left), as moderator. He was joined by Ir. Franco CHEUNG, Director (Projects), Hong Kong Housing Society (2nd left); Mr. Samuel KWONG, Senior Associate Director – ESG, Chinachem Group (2nd right); Mr. Jeffery LOK, Managing Director, Kwan On Chemical Enterprise Co. Ltd. (1st right) for in-depth discussions.

Strong Corporate Involvement Fosters Cross-Sector Connections

This year’s ceremony attracted enthusiastic participation from numerous enterprises and organisations, including listed companies, non-listed companies and non-profit organisations, signalling the local market’s increasing commitment to ESG. Enhanced matching sessions with exhibition booths were arranged before and after the ceremony, allowing participants to engage in in-depth exchanges on green technology solutions, sustainable development and eco-friendly materials, and to explore collaboration opportunities.

For the full list of award winners, please visit: https://www.tvbesg.com.hk/past-awards/esg-awards-2025

High resolution photos HERE

Hashtag: #TVBESGAwards #TVB #ESG #Corporate

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

About TVB ESG

Since 2022, TVB ESG has been committed to building a professional exchange platform for local sustainable development, promoting a deeper understanding, implementation, and strategic development of Environmental, Social and Governance (ESG) issues among businesses and different sectors of society. TVB ESG works closely with various organisations to foster cross-sector collaboration, help enterprises expand their professional networks and strengthen industry connections, while enhancing their visibility in the market and industry through diverse channels, thereby amplifying their impact in the ESG field.

To enhance industry exchange and promote a culture of sustainability, TVB ESG organises three core events every year, the Green Forum, the Green Summit and the “TVB ESG Awards”. These events aim to focus on key environmental issues and emerging trends, bringing together industry leaders and experts to provide forward-looking insights for enterprises, promote knowledge sharing, and facilitate the exchange of best practices. Through the “TVB ESG Awards”, TVB ESG also recognises enterprises and organisations with outstanding achievements in sustainable development, encouraging the industry to continuously implement and elevate ESG standards.

Sony has agreed to acquire an 80 per cent stake in Peanuts Holdings for $457 million, securing control of one of the world’s most recognisable entertainment brands and deepening its push into character-driven film, television, music and consumer products. The transaction sees Sony buy out the stake held by Canada-based WildBrain, while the family of Peanuts creator Charles M Schulz retains the remaining 20 per cent.

The deal hands Sony majority ownership of the Peanuts intellectual property, which includes Charlie Brown, Snoopy and the wider cast that has defined the franchise since its debut in newspapers in 1950. Peanuts Holdings oversees global licensing, publishing and brand management, and its assets include more than 17,000 comic strips as well as extensive animation and merchandising rights.

Executives involved in the transaction said the agreement reflects a shared focus on preserving the spirit of the characters while positioning the brand for new audiences across platforms. Sony has built a broad entertainment ecosystem spanning film studios, music labels, games and consumer electronics, giving it multiple avenues to deploy the Peanuts characters without fragmenting creative control.

Sony deepens its grip on Peanuts

Sony’s leadership described the acquisition as a strategic step rather than a short-term content play. The company already distributes Peanuts animation through Sony Pictures Television and has worked closely with the Schulz family for years on brand stewardship. By consolidating ownership, Sony gains the ability to align long-term creative planning with distribution and merchandising strategies.

The Peanuts franchise continues to generate significant revenue through licensing deals covering toys, apparel, publishing and themed experiences. Industry analysts estimate that global character merchandising remains one of the most resilient segments of the entertainment economy, supported by multigenerational appeal and predictable demand. Peanuts, with its minimalist humour and emotional resonance, is often cited as one of the few properties that can cross age groups and cultures with limited localisation.

WildBrain’s exit reflects a strategic refocus on its own core animation and family content operations. The company had acquired its Peanuts stake through earlier transactions linked to rights management and production, and has since monetised the asset while maintaining creative partnerships. Executives at WildBrain said the sale strengthens its balance sheet and allows greater investment in owned brands and production pipelines.

For the Schulz family, retaining a 20 per cent stake preserves direct influence over creative decisions and brand values. Family representatives have repeatedly stressed the importance of protecting the philosophical tone of the strip, which blends humour with themes of loneliness, perseverance and childhood reflection. Their continued involvement is expected to reassure long-time fans wary of over-commercialisation.

Sony’s broader strategy has increasingly emphasised intellectual property with long shelf lives rather than single-release blockbusters. The company has expanded its catalogue through acquisitions and partnerships that allow stories and characters to move fluidly between cinema, streaming, music, games and live events. Peanuts fits that model, offering episodic storytelling, short-form content and strong visual branding.

The entertainment group also sees opportunities to integrate Peanuts more deeply into its music and gaming divisions. Snoopy and Charlie Brown have already appeared in music collaborations, seasonal broadcasts and digital content, and Sony’s ownership of major music labels and gaming platforms provides scope for cross-promotional projects without reliance on third-party licensing negotiations.

Market observers note that the valuation implies confidence in stable, long-term cash flows rather than explosive growth. Character-driven brands such as Peanuts tend to perform consistently across economic cycles, supported by evergreen demand for family-friendly content and nostalgia-driven consumption. This predictability contrasts with the volatility seen in theatrical box office revenues and subscription-based streaming models.

The acquisition also comes as global media companies reassess how to manage legacy brands in an era dominated by short-form video and algorithm-driven discovery. Sony has indicated it will invest in formats that respect the franchise’s roots while experimenting with new distribution channels, including digital shorts and educational programming.

Expo City Dubai has rolled out a structured graduate development initiative aimed at preparing UAE nationals for long-term careers in real estate, urban development and city management, as the post-Expo district accelerates its transition into a permanent business, residential and innovation hub. The programme, branded Exposure, sits within Expo City Dubai’s Real Estate and Development division and targets fresh Emirati graduates at the start of their professional […]

Advertisements

A federal appeals court in the United States has breathed new life into a class-action lawsuit accusing Apple of running the App Store as an unlawful monopoly, a ruling that sharpens pressure on one of the world’s most valuable companies and adds momentum to antitrust scrutiny facing Big Tech across several jurisdictions. The Ninth U. S. Circuit Court of Appeals overturned a lower court decision that had […]

Host Arabia has closed its first edition in Riyadh, positioning the Saudi capital as an emerging focal point for the hospitality and foodservice supply chain at a time when the kingdom is accelerating investment in tourism, leisure and urban development. The three-day event brought together hotel operators, restaurant groups, suppliers and policymakers, underlining the scale of demand being created by new resorts, giga-projects and a fast-expanding domestic dining market.

Held at the Riyadh Front Exhibition and Conference Centre, the inaugural edition drew exhibitors and visitors from across the Middle East, Europe and Asia, reflecting Saudi Arabia’s growing pull as a commercial hub for hospitality equipment, food and beverage solutions, technology and design services. Organisers said the turnout exceeded initial expectations, with strong participation from both international brands seeking market entry and local firms aiming to scale alongside national development plans.

The exhibition opened against the backdrop of an ambitious tourism strategy that targets a sharp rise in annual visitors by the end of the decade, supported by large-scale projects such as Diriyah, Qiddiya, NEOM and the Red Sea destination. These developments are reshaping procurement needs for hotels, resorts, serviced apartments and entertainment venues, driving demand for kitchen equipment, sustainable packaging, digital ordering systems and energy-efficient infrastructure. Host Arabia sought to position itself as a platform where these needs could be matched with suppliers and service providers in a single marketplace.

Industry executives attending the event highlighted Riyadh’s transformation into a year-round destination for conferences, sports and entertainment as a key factor behind the exhibition’s timing. International hotel groups are expanding their presence in the capital, while domestic restaurant concepts are scaling rapidly, supported by a young population and rising disposable incomes. This combination has intensified competition and raised standards, placing greater emphasis on quality, efficiency and sustainability across the hospitality value chain.

The programme featured live culinary demonstrations, equipment showcases and panel discussions focused on workforce development, localisation of supply chains and the adoption of smart technologies. Speakers addressed challenges such as staff training, cost pressures and the integration of sustainability targets into daily operations, themes that resonate strongly with operators navigating rapid expansion. Discussions also touched on regulatory alignment and the role of public-private partnerships in supporting sector growth.

Exhibitors ranged from global manufacturers of commercial kitchen equipment and refrigeration systems to regional producers of food ingredients, tableware and interior solutions. Technology providers showcased point-of-sale platforms, inventory management tools and data analytics designed to help operators manage margins and customer experience more effectively. Several participants noted growing interest in solutions that reduce water and energy consumption, reflecting both regulatory expectations and cost considerations in a desert climate.

Government and industry representatives used the gathering to underline the hospitality sector’s contribution to economic diversification and job creation. Training institutions and recruitment firms reported strong engagement from operators seeking to build local talent pipelines, an area seen as critical to sustaining long-term growth. The emphasis on skills development aligned with broader national objectives to increase private-sector employment and reduce reliance on imported labour over time.

Organisers described the Riyadh edition as a strategic step in establishing Host Arabia as an annual fixture, with plans to expand floor space and content in future editions. Feedback from exhibitors pointed to strong deal-making potential, with several reporting on-site negotiations and follow-up meetings scheduled with hotel developers and restaurant groups. The presence of decision-makers from major projects was cited as a key differentiator compared with more mature regional trade shows.

South Korea’s central bank has unveiled temporary measures to increase the supply of US dollars in the onshore foreign exchange market, responding to renewed pressure on the won and heightened volatility driven by global monetary conditions and capital flows. The steps, announced in Seoul, are designed to stabilise market functioning rather than signal a shift in the broader policy stance, according to officials familiar with the decision.

The Bank of Korea said it would expand and fine-tune existing mechanisms that channel dollar liquidity to domestic banks, including adjustments to foreign exchange swap operations and closer coordination with financial institutions that rely on short-term dollar funding. The announcement followed sharp movements in the won that reflected a stronger dollar globally, shifting expectations over US interest rates and risk-averse sentiment among international investors.

Authorities stressed that the measures are temporary and targeted. Central bank officials indicated that the aim is to smooth excessive fluctuations and ensure that firms and banks can access foreign currency at reasonable costs, rather than to defend a specific exchange rate level. Market participants have long viewed this distinction as important, particularly after past episodes when heavy-handed intervention drew criticism from trading partners.

South Korea’s economy is deeply integrated into global trade and finance, making its currency sensitive to swings in the dollar. Exporters and importers alike depend on predictable access to foreign currency, while domestic banks hold sizeable short-term foreign liabilities that can become vulnerable during periods of stress. Episodes of dollar scarcity can amplify volatility, as companies rush to hedge exposures and banks scramble to secure funding.

The central bank’s move builds on a toolkit refined over the past decade. FX swap facilities allow banks to exchange won for dollars with the central bank for a set period, easing immediate shortages without depleting official reserves. By adjusting maturities, volumes and pricing, policymakers can influence conditions in the onshore market while signalling readiness to act if dislocations worsen.

Government officials, speaking separately, said fiscal and regulatory authorities were aligned with the central bank’s approach. The finance ministry has held regular consultations with the Bank of Korea and financial regulators to monitor cross-border capital movements, particularly as global investors rebalance portfolios in response to shifting yield differentials. Officials noted that South Korea’s foreign exchange reserves remain ample by international standards, offering a buffer against disorderly market moves.

Economists said the measures reflect a broader trend among Asian central banks grappling with a strong dollar environment. While many economies in the region maintain flexible exchange rates, policymakers have shown a willingness to step in when liquidity dries up or price action becomes detached from fundamentals. In South Korea’s case, analysts pointed to stable external balances and a manageable current account position as factors that give authorities room to act calmly.

Banks welcomed the announcement, saying predictable access to dollar liquidity helps reduce funding costs and limits the risk of knock-on effects to credit markets. A senior treasury executive at a major commercial bank said the adjustments would “help smooth day-to-day operations” at a time when global markets remain sensitive to policy signals from Washington and other major capitals.

Currency strategists cautioned, however, that temporary measures alone cannot offset sustained external pressures if global conditions remain unfavourable. They noted that the won’s performance will continue to be influenced by US monetary policy expectations, geopolitical developments and investor appetite for emerging market assets. Any prolonged mismatch between dollar demand and supply could require further action, though officials have signalled a preference for gradual, market-friendly steps.

The Bank of Korea has repeatedly emphasised that foreign exchange policy operates alongside, not in place of, its primary mandate of price stability. With inflation dynamics evolving and domestic growth facing headwinds from weaker external demand, policymakers are balancing multiple objectives. The central bank has avoided linking the FX measures directly to interest rate decisions, underscoring that liquidity management in currency markets serves a different purpose.

Abu Dhabi Global Market has entered its second decade with a sharp acceleration in global financial activity, announcing the addition of 11 major international financial institutions whose combined assets under management exceed $9 trillion, a move that underscores the centre’s rapid ascent as a leading global hub for asset management. The influx lifts total assets managed within ADGM to about $1.27 trillion, a steep rise from $635 […]

Arabian Post Staff -Dubai Kuwait is set to sign a contract next week with China Communications Construction Company to advance the long-delayed Mubarak Al-Kabeer Port, signalling renewed momentum behind a project seen as pivotal to the country’s trade ambitions and its role in regional logistics. Public Works Minister Noura Al-Mashaan confirmed the timeline on Thursday, following formal approval by the Central Agency for Public Tenders for the […]

JOHOR BAHRU, MALAYSIA – Media OutReach Newswire – 10 December 2025 – Novotel, the brand dedicated to creating meaningful moments of balance for business and leisure travellers, proudly announces the opening of Novotel Johor Bahru City Centre, a new addition to the city’s growing hospitality scene. Ideally located in the heart of Johor Bahru, the hotel offers a harmonious blend of contemporary comfort, warm Malaysian hospitality, and thoughtful touches for guests of all ages.

Above: Family Room
Above: Family Room

The hotel’s interiors subtly weave elements of Malaysia’s cultural identity into a modern, stylish setting, creating inviting spaces that reflect local character while embracing Novotel’s signature contemporary flair.

The hotel features 304 thoughtfully designed rooms and suites with floor-to-ceiling windows, Smart TVs, Deep Nature amenities, and flexible layouts. Suites include espresso machines, while family room configurations ensure an enjoyable stay for all.

Guests can dine at Food Exchange, offering local favourites, international cuisine, and festive menus. The Gourmet Bar in the lobby serves light bites, crafted drinks, and grab-and-go options, while the Pool Bar offers refreshments beside the open-air infinity pool.

For meetings and events, the hotel presents The Grand Chamber, a pillarless 520 square metre ballroom equipped with three LED screens, accommodating up to 300 guests. Six additional meeting rooms and a VIP waiting room make the hotel an ideal venue for weddings, conferences, and corporate gatherings.

“The opening of Novotel Johor Bahru City Centre reflects our continued commitment to growing Accor’s presence across Asia,” said Garth Simmons, Chief Operating Officer, Premium, Midscale & Economy Division, Accor Asia. “Johor Bahru is a dynamic gateway city, and this hotel embodies the balance of comfort and modernity that Novotel is known for. We are proud to introduce a property that elevates the city’s hospitality offering and supports Malaysia’s wider tourism growth.”

“We are thrilled to open Novotel Johor Bahru City Centre as a vibrant new destination for travellers and the local community,” said Brendan Chong, General Manager. “Our goal is to create meaningful stays where business meets comfort in the heart of Johor Bahru.”

The hotel’s debut beautifully complements the excitement surrounding Visit Malaysia 2026 and Visit Johor 2026, inviting travellers to discover Johor Bahru through the lens of comfort, culture, and contemporary hospitality.

As part of Novotel’s long-term commitment to ocean longevity, the hotel reflects the brand’s belief that human wellbeing and planetary wellbeing go hand in hand. In 2024, Novotel launched a Positive Impact Plan, grounded in UN ocean-related actions, to reduce plastic, water, and carbon impacts; and promote sustainable food choices through plant-forward menus. At Novotel Johor Bahru City Centre, this commitment comes to life with filtered water taps in every room, providing unlimited purified drinking water while eliminating single-use plastic bottles and contributing to healthier oceans.

To celebrate the opening, guests can enjoy an Exclusive Opening Offer starting from MYR 345++ per night , valid for stays from today until 6 March 2026.

Members of ALL Accor, the all-in-one booking platform and award-winning loyalty program can enjoy exclusive benefits and earn reward points during their stay at Novotel Johor Bahru City Centre. Points can be redeemed for future stays, dining, and unique experiences across Accor’s global network. Enrolment is free at all.com.

For more information or to make a reservation, please visit https://all.accor.com/hotel/B585/index.en.shtml or email [email protected].

Hashtag: #Novotel #NovotelHotels #NovotelJBCC #JBStaycation #CityGetaway #JohorAccommodation #BusinessTravel



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

About Novotel

Novotel Hotels, Suites & Resorts offers high-quality hotels designed as comforting and energising places where guests can achieve balance in their busy lives, whether they are traveling for work, leisure or a blend of both. The brand’s wide array of hotels, suites and resorts offer a multitude of services, including spacious, modular rooms with natural and intuitive design; relaxed restaurants with nutritious choices; flexible workspaces; attentive and proactive staff; family zones for the youngest guests; multi-purpose lobbies; and accessible fitness centres. Novotel, which has over 600 locations in more than 60 countries is part of Accor, a world leading hospitality group counting over 5,700 properties throughout more than 110 countries, and a participating brand in ALL Accor, a booking platform and loyalty program providing access to a wide variety of rewards, services and experiences.

.com | |

Dubai has built its reputation as one of the most business-friendly cities in the Middle East. With a strong regulatory framework, world-class infrastructure, and a steady influx of international professionals, the emirate continues to attract entrepreneurs, executives, and investors from around the globe. In such a dynamic environment, efficiency is not a luxury—it is a necessity. Business travelers arriving in Dubai often face tight schedules, multiple meetings […]

Matein Khalid I was sure the Medline IPO would be a winner since I have tracked this business since it was acquired in a $30 billion leveraged buyout by Blackstone, Carlyle and the San Fran private equity house Hellman & Friedman after the bankers priced the deal at 29, I even wrote a post several hours before the New York open, reiterating that the largest private equity […]

Abu Dhabi Future Energy Company, known as Masdar, has withdrawn from a consortium seeking to take ReNew Energy Global private, bringing the proposed buyout of the Nasdaq-listed renewable power producer to an abrupt end and sending a fresh signal about the challenges facing large-scale clean energy transactions. ReNew disclosed the development in a filing to the US Securities and Exchange Commission, confirming that the investor group will […]

Greenlogue/AP AMEA Power has commissioned a 120 megawatts-peak solar photovoltaic plant in Tunisia’s Kairouan Governorate, adding one of the country’s largest utility-scale renewable assets to the national grid and strengthening North Africa’s push to diversify power generation. The project operates under a 20-year power purchase agreement with Société Tunisienne de l’Electricité et du Gaz, providing long-term offtake certainty for the state utility and stable revenues for the […]

Mubadala Investment Company and Bain Capital have completed the acquisition of Service Logic, a major provider of commercial heating, ventilation and air-conditioning services, marking a significant private equity investment into North America’s building services sector. The transaction, announced on Wednesday, transfers ownership from Leonard Green & Partners and positions the company for an accelerated expansion phase under joint sponsorship by the Abu Dhabi-based sovereign investor and the […]

Mall of the Emirates has embarked on a $1.36bn expansion programme that will add 20,000 square metres of retail space, introduce about 100 new stores, and significantly broaden its dining and entertainment offering, reinforcing Dubai’s position as a global retail and lifestyle hub. The project, announced by owner and operator Majid Al Futtaim, represents one of the most substantial investments in the mall since it opened in […]

A rare exhibition tracing an eight-year cross-cultural art journey between rural Yunnan and Singapore, showing how long-term youth art education can transform confidence, community and connection.

SINGAPORE – Media OutReach Newswire – 18 December 2025 – MOCA Singapore presents 3001 KM: Eight Years Between Us, in partnership with PureView Art Foundation, one of the region’s few long-term cross-cultural youth art practices. The exhibition brings together drawings, letters, photographs and archival materials documenting an eight-year journey between rural Yunnan and Singapore, showing how sustained art education can transform confidence, community and connection.

The title references the straight-line distance between Dagaji Village in Yunnan, China, and Singapore. It also reflects the time, trust and relationships nurtured through PureView’s long-term engagement with children in rural and underserved communities.

“PureView does not aim to change every child’s destiny. Instead, we hope to open a small but real window at a moment in their growth so they know that someone in the world sees them, listens to them and believes in them,” said Dr. Jie Li-Elbrächter, Founder and Curator of PureView Art Foundation.

Long-term engagement across five rural regions

The project began in 2018 when PureView volunteers first arrived in Dagaji Village, a rural community where children shyly offered their earliest drawings. This moment shaped the initiative’s commitment to long-term engagement rather than short-term projects.

Over eight years, PureView’s team worked with approximately 15 to 20 children each year through a one-to-one exchange model with youth volunteers. To date, the initiative has involved around 400 youth and adult volunteers across five rural regions, adapting formats including online exchanges during the pandemic to maintain continuity.

The exhibition features hundreds of artworks and archival materials, including artworks created by participating children.

It also documents visible change within Dagaji Village, where water systems have been installed, new shops have opened and children from the earliest years of the project have reached new milestones, including university enrollment. Younger siblings now continue their journey with the project, taking up the brush in the same classrooms where their older siblings once began.

A timely exhibition for Singapore

This exhibition arrives at a moment when Singapore is placing greater focus on youth development, community arts and cross-cultural understanding. As regional inequalities widen and post-pandemic recovery continues, initiatives like PureView highlight the role of long-term arts engagement in building empathy, resilience and connection across diverse communities.

A social practice shaped by continuity, not funding cycles

While often compared to art NGOs, PureView operates as a long-term cultural and educational practice rooted in field research and repeat return visits. PureView is grounded in Dr. Jie Li-Elbrächter’s long-term research in art anthropology and rural development. The work prioritises children’s agency, ethical observation and relationships built over many years rather than seasonal programming.

PureView was co-initiated by Dr. Jie Li, an art anthropologist specialising in rural development, together with three children from the project, Letian, Luan and Luna. The children have grown alongside the initiative and now take on significant roles, helping shape the project’s direction and ensuring that the stories of participating communities remain their own.

Opening programme and community collaboration

The exhibition opening featured guided tours led by youth volunteers in both Chinese and English, reflecting the project’s practice of “children drawing children”. A Peking Opera presentation introduced by volunteers in earlier field visits was also part of the programme, demonstrating how cultural traditions travel and evolve through education.

ANTA Group supported the initiative by providing apparel for volunteers and children over two consecutive years. Through repeated workshops and field visits, the apparel brand supported a sense of equality and belonging for children.

This support fosters a shared identity and stable experience during workshops and field activities. ANTA’s involvement reflects its belief that physical education and aesthetic education work together to strengthen confidence, resilience and self-expression.

Introducing the International Youth Art Biennale

At the opening, PureView announced the launch of the International Youth Art Biennale in 2026. The biennale will begin with participation from China, Southeast Asia and selected international partners, focusing on children and youth aged 8 to 18.

The biennale will emphasise long-term engagement, care and continuity rather than competition. Schools and youth groups will be able to join through open calls, curated partnerships and online collaborative programmes designed for accessibility to underserved communities.

Scaling impact while maintaining depth

From 2026 onward, PureView will adopt a dual-track model that continues in-depth field visits while offering expanded online courses. This model is expected to reach approximately 3000 to 5000 rural children each year while preserving the ethics and depth of the project’s long-term practice.

The exhibition is a quiet reminder that when time, care and creativity travel together, even the smallest gestures can illuminate an entire community.

Exhibition and programme details

3001 KM: Eight Years Between Us
Location: MOCA Singapore
14 December 2025 to 11 January 2026
Daily 10:00 to 18:30
Admission ticketed
Venue: 39 Keppel Road, #01-01, Singapore 089065

Extended Programme: Art as Care | Panel Discussion
Location: XMuseum
12 January to 31 January 2026
Daily 11:00 to 20:00
Free admission
Includes a panel discussion on arts support for vulnerable communities
Venue: Kitchener Complex Level 3, French Road 200809

For more information, visit www.pureviewartfoundation.org
Hashtag: #MOCASingapore #PureViewArtFoundation #YouthArt #3001KM #ArtExhibition #ArtAsCare

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

About PureView Art Foundation

PureView Art Foundation is a long-term cultural and educational initiative focused on youth art practice, rural development and cross-cultural exchange across Asia. Founded by art anthropologist Dr. Jie Li-Elbrächter together with three children who grew up with the project, PureView operates as a sustained social practice rather than a traditional NGO.

Its work centres on continuity, ethical observation and repeated return visits to rural communities, allowing children to retain ownership of their stories while building confidence through artistic expression. Over the past eight years, PureView has worked with hundreds of volunteers and children across multiple regions, combining field research, community engagement and arts-based education to support both individual growth and broader social connection.

The United Arab Emirates has consolidated its standing in 2025 as one of the world’s fastest-growing economies, underpinned by a surge in non-oil activity, sustained investment inflows and a regulatory framework designed to attract capital and talent. Data released through the year point to broad-based expansion across trade, manufacturing, logistics, tourism, finance and technology, reinforcing a shift away from hydrocarbons as the primary engine of growth.

Non-oil foreign trade climbed 24.5 per cent in the first half of 2025 to AED1.7 trillion, a pace that far exceeds the prevailing global trade growth rate. The increase reflects rising re-exports, stronger demand from Asia, Europe and Africa, and the UAE’s role as a commercial bridge linking major markets. Officials have highlighted gains in machinery, electronics, precious metals, food products and pharmaceuticals, supported by expanded port capacity, faster customs procedures and new trade agreements.

Investment indicators have moved in tandem with trade. The UN Conference on Trade and Development’s World Investment Report 2025 ranked the UAE 10th globally for inbound foreign direct investment in 2024, with inflows of AED167.6 billion. That placing keeps the country among the world’s most attractive destinations for capital, alongside much larger economies, and underscores confidence in the policy environment, infrastructure and legal protections available to investors.

Economic planners attribute the momentum to a combination of structural reforms and targeted incentives. Liberalised ownership rules, long-term residency options for professionals and entrepreneurs, and streamlined licensing have lowered barriers for international firms. Specialised free zones continue to draw companies in logistics, clean energy, advanced manufacturing, fintech and digital services, while onshore jurisdictions have simplified company formation and compliance.

Non-oil GDP growth has been supported by strong domestic demand and an expanding population of skilled workers. Tourism has posted record levels of hotel occupancy and visitor spending, aided by expanded air connectivity and major events that have kept demand resilient across seasons. Retail and hospitality have benefited from rising consumer confidence, while real estate transactions have remained active across residential, commercial and industrial segments.

Manufacturing has emerged as a key contributor, with investments flowing into metals, food processing, pharmaceuticals and building materials. The push to localise supply chains and boost exports has been reinforced by incentives for advanced manufacturing and the adoption of automation and artificial intelligence. Renewable energy and clean technology projects have also attracted capital, aligning economic growth with climate commitments.

The financial sector has played a central role in channelling investment. Banks have reported healthy credit growth to businesses, while capital markets have seen new listings and debt issuance that broaden funding options. Asset managers and private equity firms have expanded regional operations, using the UAE as a base for Middle East, Africa and South Asia strategies. Regulatory clarity in digital assets and fintech has further widened the investor base.

Trade policy has complemented domestic reforms. Comprehensive economic partnership agreements have reduced tariffs and opened access to fast-growing markets, supporting exporters and logistics providers. Improved customs digitisation has shortened clearance times, enhancing the country’s competitiveness as a trans-shipment hub. The scale of non-oil trade growth indicates that these measures are translating into higher volumes rather than merely price effects.

Arabian Post Staff -Dubai Hotel occupancy across the UAE climbed to 79.3 per cent during the first ten months of 2025, underlining the sector’s sustained momentum as visitor flows, air connectivity and investment continue to reinforce the country’s position as a global tourism hub. The figure marks an increase from 78 per cent a year earlier and places the UAE among the strongest performers both regionally and […]

  • Chee Choong Ng is appointed as Senior Vice President, Human Resources for Asia Pacific
  • Samuel Lee is named Managing Director for Taiwan

SINGAPORE – Media OutReach Newswire – 18 December 2025 – DHL Express has made two key leadership appointments in Asia Pacific: Chee Choong Ng as Senior Vice President of Human Resources (HR) for Asia Pacific, and Samuel Lee as Managing Director for Taiwan. These appointments, which take effect on January 1, 2026, underscore DHL’s commitment to strengthening its people strategy and accelerating growth in one of the region’s most dynamic markets.

From L to R: Chee Choong Ng and Samuel Lee
From L to R: Chee Choong Ng and Samuel Lee

Ken Lee, CEO for Asia Pacific, DHL Express, said, “Finding the right talent is more critical than ever, particularly in today’s volatile environment, where we need to balance the demands of a changing workforce with business priorities. Offering our people pathways to growth also makes us a Great Place to Work, which is why I am proud to see two crucial roles within the region taken up by Chee Choong and Samuel, both with extensive experience in the business.

Chee Choong’s experience in operations and country leadership, combined with his strong focus on people development, makes him the ideal choice to lead our HR strategy. At the same time, Samuel’s track record proves that he will further strengthen our position in Taiwan, a market that is vital to our regional network and global trade.”

Chee Choong Ng is Asia Pacific’s new HR head

Previously the Managing Director for Taiwan, Chee Choong, takes over the Asia Pacific region’s HR portfolio from Mateen Thiruselvaam, who has retired after many years of dedication at DHL Express. Chee Choong brings over two decades of experience within DHL Group and the logistics industry. He first joined DHL in 2004, holding various operational roles before becoming Hong Kong’s Vice President for Operations in 2017. In the last few years, he was tasked to lead Hong Kong and Taiwan, respectively, in 2020 and 2024, where he achieved a record employee engagement rate, and improvements in customer satisfaction and operational excellence levels.

In his new role, Chee Choong will lead strategic initiatives to position DHL Express as the employer of choice in a rapidly evolving workplace landscape. With emerging technologies, changing labor patterns and segment sizes shaping the future of work, Chee Choong’s achievements in people development and engagement will be instrumental in driving HR transformation across the region.

Chee Choong Ng said, “I am honored to take on this role at such a pivotal time. The workplace is undergoing profound changes. We need to remain close to our employees to ensure their needs are met. I look forward to aligning our people strategy and creating an environment where our people can thrive, innovate, and feel valued so that we can better support business goals.”

Samuel Lee as new leader for DHL Express Taiwan

Following Chee Choong’s move, Samuel Lee will take over the role of Managing Director for DHL Express in Taiwan. He has been a seasoned DHL Express leader since 1998. He has an impressive career spanning Singapore, Thailand, Hong Kong, and Shanghai, where he played a key role in building and expanding DHL’s strategic hubs in those territories. He was most recently the General Manager of the Central Asia Hub in Hong Kong, achieving record-breaking performance, exceptional employee engagement scores, and the seamless completion of a EUR376 million expansion project in 2023.

Taiwan’s robust technology sector, thriving e-commerce industry, and strong export-oriented economy make it a critical market for DHL Express. Samuel’s deep operational expertise and years of leadership will ensure DHL continues to deliver world-class service and support the growth of businesses in this dynamic market.

Samuel Lee said, “Taiwan is a vibrant market with immense potential, and it holds a unique position in global trade, particularly as a hub for technology and innovation. The team has established a remarkable reputation in Taiwan, and I am proud to be working alongside them. Our focus remains on delivering exceptional service and creating new opportunities for growth to better enhance Taiwan’s role in global supply chains.”

Asia Pacific continues to grow as a powerhouse in global trade, driven by strong manufacturing bases, booming e-commerce, and rapid digitalization. These leadership appointments reaffirm DHL Express’s commitment to delivering excellence and enabling businesses to connect seamlessly across borders.
Hashtag: #DHL

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

HONG KONG SAR – Media OutReach Newswire – 18 December 2025 – IX Asia Indexes today announced the 2nd Half 2025 Review of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed Tokens (ABTs) in a 3-tier system for each category. For Cryptocurrencies: Tier 1-Industry/ Tier 2-Sector/ Tier 3-Sub-sector; and for ABTs: Tier 1-Asset Type/ Tier 2-Branch/ Tier 3-Sub-branch. The results are as follows:

  • DAICS® coin coverage: As of 3rd December, the top 50 coins by average market capitalization across the past 90 days
  • DAICS® market capitalization coverage: 96.98%*
  • The % coverage of market capitalization of the 50th ranked coin: 0.048%**
  • Member changes within the Top 50 Coins in DAICS®: eight coins added and nine coins deleted
  • Additions: Zcash (ZEC), World Liberty Financial USD (WUSD), PayPalUSD (PYUSD), Memecore (M), Worldcoin (WLD), Story (IP), Arbitrum (ARB), KuCoin (KCS)
  • Deletions: Mantra (OM), GateToken (GT), Official Trump (TRUMP), VeChain (VET), Render (RENDER), First Digital USD (FDUSD), Filecoin (FIL), Cosmos (ATOM), Algorand (ALGO)
  • 9 Green Coins labelled: Cronos (CRO), Pi (PI), Internet Computer (ICP), Hedera, Sui (SUI), Toncoin (TON), Arbitrum (ARB), Mantle (MNT), Tron (TRX)

Note:
*Special currency treatment of DAICS® applies, where any wrapped or second-level cryptocurrency is not considered in the calculation for the market capitalization of DAICS®

**Based on 3rd December 2025
G: Green Coin

The rankings of additions and deletions for the DAICS® top 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 23rd January 2026, with market capitalization, rankings, and weightings available at www.ix-index.com.

1. Cryptocurrencies

1.1. Structure and Definitions

Tier 1: Industry Changes
The industry groups remain unchanged, with 5 industries and the respective weightings as follows:

Industry Weighting (%)
Payment (110) 73.87%
Infrastructure (120) 19.89%
Financial Services (130) 4.82%
Tech & Data (140) 0.22%
Media & Entertainment (150) 1.20%

Tier 2: Sector Changes
The number of sectors has increased from 17 to 18. There is one new sector added under the industry group “Tech & Data (140)”:

Identification (14040)
Definition: Cryptocurrencies that facilitate decentralized identity authentication and/or blockchain-based validation of digital intellectual property rights. The classification emphasizes trust, data consent, and privacy as core architectural features while the crypto by itself is not an identity token.

1.2. Reclassification Changes
This review doesn’t have any reclassification of the existing coins. The DAICS® 2H 2025 cryptocurrencies classification is available in Appendix 2.

1.3. Green Coin Label
This review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. The coins selected rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICS® constituents. The top 20 percentile’s threshold in this review is ≤ 0.150 Wh. The table below lists these low-energy coins.

Industry Low Energy-per-transaction (≤ 0.150 Wh)
Payment (110) CROG
PIG
Infrastructure (120) ICPG
SUIG
ARBG
TRXG
HBARG
TONG
MNTG
Financial Services (130) NIL
Tech & Data (140) NIL
Media & Entertainment (150) NIL


Note: G as ‘Green Coin‘ labelling for cryptocurrencies that adhere to the principles of sustainability

2. Asset Backed Tokens (ABT)

2.1. Structure and Definitions

Tier 1: Asset Type Changes
The asset types remain unchanged at 6 as follows:
1) Culture (205),
2) Real Estate (215),
3) Financials (235),
4) Entertainment (255),
5) Natural Resources (265), and
6) Green Economy (275)

Tier 2: Branch Changes
The number of branches has increased from 31 to 32, with a new branch added under Financials (235): Tokenized funds (23540).

2.2. Classification Changes
This review doesn’t have any reclassification of the existing assets.

2.3. Coverage of DAICS®
A classification summary and definition table of both cryptocurrencies and ABTs are available in Appendices 3 and 4. For further information regarding the methodology of the DAICS®, please refer to the “IX Digital Asset Industry Classification System”- principle and guiding methodology on the company website https://ix-index.com/daics.html.

For more details on DAICS® qualification criteria, please email [email protected].

Appendix 1

Additions and Deletions in DAICS® Top 50 Cryptocurrencies

Additions
Current Rank Cryptocurrencies
28 Zcash (ZEC)
31 World Liberty Financial USD (WUSD)
41 PayPal USD (PYUSD)
45 MemeCore (M)
46 Worldcoin (WLD)
49 Story (IP)
50 Arbitrum (ARBG)
51 KuCoin (KCS)

Deletions

Prev. Rank Cryptocurrencies Current Rank
34 Mantra (OM) 300+
41 GateToken (GT) 67
43 OFFICIAL TRUMP 56
45 VeChain (VET) 55
46 Render (RNDR) 58
47 First Digital USD (FDUSDG) 71
48 Filecoin (FIL) 61
50 Cosmos (ATOM) 54
51 Algorand (ALGO) 52

G: Green Coin

Appendix 2

Classification of the Top 50 Coins by Industry and Sector
Category

Industry Sector Cryptocurrencies
Cryptocurrencies (1) Payment:

Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.

Transaction & Payment BTC
XRP
BCH
XLM
LTC
XMR
CROG
ZEC
PIG
KAS
Stablecoin USDT
USDC
USDe
DAI
WUSD
PYUSD
Infrastructure:

Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc

Application Development Protocol & Smart Contract ETH
SOL
TRXG
ADA
HYPE
SUIG
AVAX
HBARG
TONG
NEAR
ETC
APT
ICPG
Interoperability LINK
DOT
ATOM
Scaling & Sharding MNTG
ARBG
POL
Supporting System NIL
Financial services:

Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending and other capital markets related services

Exchange Tokens BNB
LEO
BGB
UNI
OKB
KCS
Lending & Borrowing AAVE
Staking ENA
Financial Asset Tokenization ONDO
Tech & Data:

Provision of data management and storage, and development of innovative crypto technology

Storage & Sharing NIL
Data Management NIL
Artificial Intelligence TAO
Identification
(NEW)
WLD IP
Media & Entertainment:

Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Social Media & Community DOGE
SHIB
PEPE
M
Streaming NIL
Gaming NIL
Metaverse NIL

Note:
G as ‘Green Coin‘ for cryptocurrencies that adhere to the principles of sustainability

NEW for newly added sector

Appendix 3

DAICS® Industry and Sector Definition

Category Industry Sector Sector definition
Cryptocurrencies (1) Payment: (110)

Definition
Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.

Transaction & Payment
(11010)
Cryptocurrencies that are used for store of value, unit of account, medium of exchange
Stablecoin
(11020)
Cryptocurrencies where price is pegged to a / a basket of, reference asset
Infrastructure: (120)

Definition
Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc.

Application Development Protocol & Smart Contract
(12010)
layer-1 blockchain network that facilitates DApp creation and smart contract execution and smart contract
Interoperability
(12020)
Network that increases inter-connectivity and integration of the fragmented cryptocurrency ecosystem
Scaling & Sharding
(12030)
Networks that increase the ability to cope with the influx of many transactions at a time and blockchain network that can be split into smaller partitions, to improve scalability and process transactions quicker
Supporting System
(12040)
Networks/sidechains that improve functionality of layer-1 network
Financial services: (130)

Definition
Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending, and other capital markets related services

Exchange Tokens
(13010)
Cryptocurrencies that represent the stable coin in the exchange ecosystem and allow users to covert from digital asset on decentralised or centralised system int fiat currencies
Lending & Borrowing
(13020)
Borrowing and lending crypto assets with interest in return and other secondary financial tools derived from primary underlying asset, such as crypto futures and options
Staking
(13030)
Holding and “staking” of certain amount of cryptocurrency in a wallet to facilitate network operations
Financial Asset Tokenization (13040)

Cryptocurrencies/protocols that focus on the tokenized issuance and management of financial assets
Tech & Data: (140)

Definition
Provision of data management and storage, and development of innovative crypto technology

Storage & Sharing
(14010)
Crypto protocols that provide decentralized storage and/or sharing of data filing and resources.
Data Management
(14020)
Networks/Protocols that facilitate the indexing and querying of data from blockchain(s), enabling efficient data retrieval and management for decentralized applications
Artificial Intelligence
(14030)
Cryptos/Protocols that facilitate the use of AI powered apps or projects directly using blockchain platform.
Identification
(14040) (NEW)
Cryptocurrencies that facilitate decentralized identity authentication and/or blockchain-based validation of digital intellectual property rights. The classification emphasizes trust, data consent, and privacy as core architectural features while the crypto by itself is not an identity token.
Media & Entertainment: (150)

Definition
Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Social Media & Community
(15010)
Cryptos that provides mast social community and followers without a close secondary industry sector
Streaming
(15020)
Cryptos that provides rights to access decentralised video-streaming sites
Gaming
(15030)
Cryptos which mainly used in gaming or gaming supporting industry
Metaverse
(15040)
Cryptos that is commonly used in collective virtual open space, created by the convergence of virtually enhanced physical and digital reality. This includes the use of VR and/or AR and/or 3D.

Note: NEW for newly added sector

Appendix 4

DAICS® Asset Type and Branch Definition
Category

Asset Type Branch Sub -branch
Asset-Backed Tokens (2) Culture: (205)

Definition
Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc.

Art
(20510)

This shall be further developed in the future with more digital assets available in the market

Sports
(20520)
Festive Collectibles
(20530)
Design IPs
(20540)
Drama and Play IPs
(20550)
Real Estate:(215)

Definition
Assets that mainly derived its valuation from property, real estate, and land

Commercial Property
(21510)
Residential Property
(21520)
Governmental Property
(21530)
Residential and Commercial Land
(21540)
Financials: (235)

Definition
Real financial asset including listed company shareholdings on regulated centralised exchanges and private company shareholdings; debt instruments; property trusts and derivatives that settled on regulated exchange (CeFi and DeFi).

Tokenised Securities (Company Securities, ETF)
(23510)
Tokenised Debts
(23520)
Tokenised REITs
(23530)
Tokenised Funds(NEW)
(23540)
Entertainment: (255)

Definition
Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, games, events and programs, and souvenir collectibles that is derived from the above areas.

Movies
(25510)

This shall be further developed in the future with more digital assets available in the market

Songs
(25520)
Concerts
(25530)
Gaming
(25540)
All Other Entertainment Events and Collectibles
(25550)
Natural Resources: (265)

Definition
Natural resources asset that derived directly from sea, sky, atmosphere and underground and can be classified as a commodity with standardisation such as precious metals, agricultural, energy and metals.

Precious Metals
(26510)
Agricultural
(26520)
Energy
(26530)
Metals
(26540)
Green Economy (275)

Definition
Ownership of Projects Asset that falls under the definition of the UN 17SDG²s, with over 80% of the income or jobs provided on these 17 initiatives.

No Poverty & Zero Hunger
(27510)

Following definition of the United Nations
17 sustainable development goals²

Good Health and Well-Being
(27520)
Quality Education
(27530)
Gender Equality
(27540)
Clean Water and Sanitation/Affordable and Clean Energy
(27550)
Decent Work and Economic Growth/ Industry, Innovation, and Infrastructure/ Partnerships for the Goals
(27560)
Reduced inequalities/ Peace, Justice and Strong Institutions
(27570)
Sustainable Cities and Communities/Responsible Consumption and Production
(27580)
Climate Action
(27590)
Life Below Water & Life on Land
(27500)

Note: NEW for newly added branch

² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals

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

About DAICS®

DAICS® covers both cryptocurrencies and asset-backed tokens (“ABTs”), to be reviewed semi-annually at the end of June and December. On the cryptocurrency side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data, and 5) Media & Entertainment. These industries are further divided into sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into branches and sub-branches to be introduced in the future.

About the IX Asia Tokenization Advisory Committee and Working Group

The establishment of the IX Asia Tokenization Advisory Committee (“Advisory Committee”) is to pursue the goal and vision of formulating a standard for a global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guidelines and references for tokenization in terms of infrastructure, business, financial stability, sustainability, internal control, and classification. The Advisory Committee is comprised of industry-recognised leaders from blockchain consultancy, sustainable projects, and the field of the Art industry.

The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects.

For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit .

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA