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One Meal, One Ripple, One Community

Pay It Forward allows any participant to buy a prepaid meal at a participating local restaurant, café, or food outlet for someone else in their community. More than a one-way gesture, how Pay It Forward works is designed to create a ripple effect where kindness spreads, anyone can be both a Giver and a Receiver, and one small act sets off a wider movement of community connection.

How a Ripple Starts:

1. Share a Meal. Through the Pay It Forward app, a Giver purchases a prepaid meal from a participating Merchant and can include a Ripple Card with a positive message to pass on.
2. Experience the Gesture. A community member redeems the meal in-store and can share the moment back by sending a Ripple Card of appreciation to the Giver.
3. Pay It Forward. Receivers may later choose to share a meal through the platform for someone else, setting a ripple in motion.
4. Grow the Community. Over time, Givers, Receivers, and Merchants form a wider community supporting one another, one shared meal at a time.

“We built Pay It Forward because we believe technology should help people reconnect, not just transact,” said Amelia Tang, Co-Founder and CEO. “A shared meal is one of the simplest ways to show someone in your community that you thought of them.”

From Pilot to Public Growth

Malaysia was chosen as the first launch market for Pay It Forward’s revolution due to the country’s rich food culture and strong sense of community. The nationwide rollout follows an extended period of product development, merchant onboarding, and community testing. A soft launch in November 2025 brought more than 100 participating Merchants and thousands of users onto the platform, providing the feedback needed to fine-tune the experience before scaling.

Beyond merchants and users, a recent memorandum of agreement signed with Universiti Tunku Abdul Rahman (UTAR) introduced the PIF x UTAR Social Impact Project and Campus Ambassador Programme, giving students real exposure to social entrepreneurship and community work.

Kindness is Much Closer Than You Think

Pay It Forward is that platform, a simple way to take the small kind thought you have and pass it on, one meal at a time. Because kindness only truly begins when someone takes the first step.

To share a meal, redeem a meal, or sign up your business, visit payitforward.io/en-my.

Hashtag: #PayItForward

https://www.payitforward.io/en-my
https://www.linkedin.com/company/pif-fintech-sdn-bhd/
https://www.facebook.com/profile.php?id=61577508893886
https://www.instagram.com/pif_payitforward/
Tiktok: https://www.tiktok.com/@pif_payitforward
Rednote: https://www.xiaohongshu.com/user/profile/6892efa7000000002900b4aa
Youtube: https://www.youtube.com/@Payitforward-t6n

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

About Pay It Forward

Pay It Forward was founded by Amelia Tang, Ng Jiunn Jye, and Yvonne Guo on a simple belief: that technology should not only automate our lives, but also help people reconnect with each other. Drawing inspiration from the traditional Italian “Caffè Sospeso”, where one cup of coffee is paid for and left behind for a stranger, the platform brings that same spirit of sharing into the digital age.

Today, Pay It Forward connects Givers, Receivers, and Merchants in one transparent ecosystem, where anyone can purchase a prepaid meal at a participating local restaurant, café, or food outlet and gift it to someone nearby. As the first platform in Malaysia’s social-dining space to combine meal-sharing with community altruism, Pay It Forward is on a mission to build a kinder, more connected society, one shared meal at a time, because sharing is caring.

Eleven shares changed hands at 1.168 million won each at 8 am Seoul time on August 6, about 30% below the previous Korea Exchange closing price. The stock quickly recovered most of the loss and ended Nextrade’s 50-minute pre-market session down roughly 2%, indicating that the extreme opening price was not driven by a change in the company’s business outlook.

The episode echoed a July 28 disruption when a single SK Hynix share traded at 1.272 million won, nearly 30% below the preceding close. That transaction triggered a volatility interruption on Nextrade and transmitted the distorted price into cryptocurrency derivatives linked to the chipmaker.

A perpetual futures contract tracking SK Hynix fell about 19% during the first event. Almost $60 million of leveraged long positions were liquidated within minutes, leaving more than 900 traders with estimated realised losses of $17.4 million. The platform operating the contract later offered to compensate eligible customers and said it would reassess the way external prices were incorporated into its valuation mechanism.

Thursday’s plunge again occurred at the start of Nextrade’s pre-market window, when order books are typically shallower than during the main session. The exchange allows stocks to move as much as 30% above or below the previous Korea Exchange closing price, meaning a small order can reach the limit when few competing bids are available.

The trade underscored the distinction between a price that is technically valid and one that accurately reflects the market’s consensus. Electronic systems can treat an executed transaction as authoritative even when only a handful of shares are involved. Prices may then spread through data feeds, trading algorithms, structured products and blockchain-based markets before human dealers can assess whether the move is credible.

Nextrade launched in March 2025 as the first serious challenger to the Korea Exchange’s long-standing dominance. It attracted investors with lower fees and trading hours stretching from 8 am to 8 pm, compared with the shorter core session on the main exchange. Retail traders account for most activity on the platform, which has at times handled a substantial share of the country’s equity turnover.

Its expanded trading day has improved access and competition, but the two SK Hynix incidents highlight risks when extended hours are combined with fragmented liquidity. Order books can be especially vulnerable at the opening instant, when market makers have not fully populated bids and offers and overseas price signals may still be feeding into domestic systems.

Regulators and exchange operators now face pressure to consider safeguards based on trade size, available depth and deviation from a volume-weighted reference price. Measures could include auction-style openings, minimum order-value requirements, stronger market-maker obligations or delayed dissemination of extreme prices produced by very small transactions.

The disruption comes during an unusually volatile period for SK Hynix and South Korean technology shares. The chipmaker has been at the centre of investor enthusiasm over high-bandwidth memory used in artificial-intelligence accelerators, but its shares have also recorded repeated double-digit moves as traders reassess valuations and future demand.

SK Hynix reported a sharp year-on-year increase in quarterly profit, supported by high-bandwidth memory sales, yet the results fell short of elevated market expectations. The disappointment contributed to a broad sell-off that erased trillions of dollars from South Korean equities at its peak and pushed measures of expected volatility to exceptional levels.

Leveraged exchange-traded funds linked to SK Hynix and Samsung Electronics have amplified those movements. Authorities have halted new sales of some single-stock leveraged products and proposed tighter investment limits, larger minimum deposits and higher transaction costs after retail investors suffered heavy losses.

Research into the market turbulence has also raised concerns that predictable rebalancing by leveraged funds can encourage traders to buy or sell ahead of compulsory end-of-day transactions. Such feedback loops may magnify price changes even when there is little new information about a company’s operations.

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 4 August 2026 – The Church of Jesus Christ of Latter-day Saints is inviting the public to celebrate the completion of the Phnom Penh Cambodia Temple, and to tour the new temple. This sacred house of worship is the first Latter-day Saint temple in the Kingdom of Cambodia.

The First Presidency of the Church has announced that open house tours will run from Saturday, 15 August 2026, to Saturday, 22 August 2026, except on Sunday. The open house provides all people of all faiths the opportunity to tour the temple’s beautiful interior and grounds and learn about the purpose of this sacred structure.

Open house tours will be conducted:

• Saturdays, 15 & 22 August: 9:00 a.m.–7:00 p.m.
• Monday–Friday, 17–21 August: 4:00 p.m.–8:00 p.m.
• Sunday, 16 August: No tours available.

The temple is located on Russian Federation Boulevard Phnom Penh 12040, on a 1.3-hectare site. Tours are free, and no reservations are needed. More information is available at https://www.churchofjesuschrist.org/featured/phnom-penh-cambodia-open-house?lang=eng

Elder Eng Bunhuoch, an Area Seventy and senior leader of the Church in Cambodia, said, “The Phnom Penh Cambodia Temple is a testament to the enduring faith of our Cambodian members and will serve as a focal point of spiritual growth for many years to come. It is more than a building; it is a sacred space that symbolizes our commitment to the teachings of Jesus Christ and the eternal nature of families.

“We invite all to come, learn, and walk with us in our holy temple. You can experience our impression of heaven on earth and the special feelings that exist in the House of the Lord. In this temple, you will feel peace, receive inspiration, feel His love, and draw closer to Him. Our members open their arms to you and invite everyone to share the joy we feel in the temple.”

Following the public open house, the temple will be formally dedicated on Sunday, 30 August 2026. The open house presents a once-in-a-lifetime opportunity for all members of the public to enter and tour the temple prior to its dedication. After the dedication, the temple grounds will remain open to visitors; however, entry into the temple itself will be reserved for faithful members of the Church.

There are nearly 18,000 members of the Church in Cambodia. The temple will serve Church members in Cambodia and parts of Vietnam.

The architecture of the temple is inspired by traditional Khmer design elements and cultural heritage, with a central spire surrounded by four smaller spires.

The temple was announced by Church President Russell M. Nelson on 7 October 2018. Groundbreaking was held 18 September 2021, with the dedicatory prayer offered by Cambodia Phnom Penh Mission President Veasna Kuonno Neang.

Temples of The Church of Jesus Christ of Latter-day Saints differ from meetinghouses or chapels, where members gather for Sunday worship services. Each temple is considered a House of the Lord, where Jesus Christ’s teachings are reaffirmed through sacred ceremonies that unite families eternally.

In the temple, Church members learn more about the purpose of life. They learn where we came from before birth, why we are on this earth, and what will happen after we die. In the temple, members make promises to follow Jesus Christ and to serve others.

Hashtag: #PhnomPenhCambodiaTemple #CambodiaTemple #TempleOpenHouse #HouseOfTheLord #ComeAndSee #ChurchofJesusChrist #LatterDaySaints #JesusChrist #LDS

https://news-kh.churchofjesuschrist.org/
https://www.facebook.com/ChurchofJesusChrist.kh

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

The Church of Jesus Christ of Latter-day Saints

The Church of Jesus Christ of Latter-day Saints is a worldwide Christian faith of nearly 18 million members, centered on the belief that all people are children of a loving God and that Jesus Christ is the Savior of mankind. Its mission is to bring people to Christ through learning His gospel, making special promises, and practicing love and service.

Members help others by living Christ’s teachings, caring for those in need, inviting all to receive the gospel, and uniting families eternally through temple work. Members are encouraged to be law-abiding, patriotic citizens who love and support their families, creating strong communities and a peaceful society.

The Church has more than 30,000 congregations in more than 160 countries, led by volunteer local leaders.

The Church offers resources in more than 110 languages, operates universities, and has a large humanitarian aid program. It has completed more than 670 humanitarian projects in Cambodia. The Church was restored in 1830 by Joseph Smith after a divine visitation. The Book of Mormon, a sacred record, complements the Bible, testifying of Jesus Christ’s divinity.

The debate in Parliament on Tuesday followed public opposition to proposals that could involve clearing about 15 hectares of Maju Forest at Sunset Way and at least 10 hectares of forest around Gillman Barracks. Eighteen parliamentary questions were raised, with lawmakers pressing the government on alternative sites, ecological damage, public consultation and whether development could be abandoned.

Minister of State for National Development Alvin Tan said the two areas would proceed towards housing development because they had been designated for residential use and were needed to meet demand over the next decade. He said, however, that environmental and heritage studies were part of the process of shaping the projects rather than exercises designed to justify predetermined plans.

“The question before us is not whether housing, greenery or heritage matters. They all do,” Tan told Parliament. “The challenge is how we balance these needs responsibly within our limited space.”

The formal period for public comments on the environmental and heritage assessments closes on August 6, but government agencies will continue discussions with residents, nature groups and other stakeholders. Feedback could result in changes to construction footprints, development density, ecological corridors and the number of heritage structures retained.

Maju Forest covers about 23 hectares beside Sunset Way in Clementi. The land has largely been zoned for residential development since the 1980 Master Plan, although decades of natural regeneration have created secondary forest containing streams, native vegetation and threatened wildlife.

Housing authorities have proposed retaining about eight hectares, including a freshwater stream and surrounding buffer zone, as a refuge for wildlife and a corridor connecting neighbouring green areas. The remaining land would accommodate public housing, although the number and mix of flats have not been finalised.

Environmental surveys recorded several species of conservation importance, including the critically endangered straw-headed bulbul. Earlier studies connected with the Cross Island Line also identified the Sunda pangolin in the wider forest area.

Nature groups have argued that narrowing the habitat could displace animals, increase roadkill risks and weaken connections between Bukit Timah Nature Reserve, Clementi Forest, the Rail Corridor and the Southern Ridges. They have also warned that secondary forests cannot be quickly replaced because mature ecological systems take decades to regenerate.

Christopher de Souza, a lawmaker from Holland-Bukit Timah, urged the government to examine other land near Maju Forest, including a construction site being used for the Cross Island Line. He cited changes made to earlier plans for Dover Forest, where part of the forest was preserved after alternative housing arrangements were considered.

Tan said the Cross Island Line site could be assessed for homes once railway construction was completed, but it was not available to satisfy near-term demand. Authorities were already prioritising vacant and previously developed land where practical, he added.

Gillman Barracks presents a different planning challenge because the area contains both forest and buildings associated with Singapore’s military and cultural history. Established as a British garrison in 1935, it was converted into an arts precinct in 2012 and now accommodates galleries, restaurants and lifestyle businesses.

The environmental and heritage studies covered 47 hectares, including an estimated 40-hectare development zone and a seven-hectare green area north of Telok Blangah Heights. The wider study area contains about 21.8 hectares of forest and 10 hectares of urban vegetation, scrubland and grassland.

Authorities are considering retaining most of the native-dominated secondary forest and creating ecological routes linking Telok Blangah Hill Park, HortPark, Berlayer Creek and Labrador Nature Reserve. Proposed corridors would be at least 30 metres wide to support the movement of birds and other wildlife.

Gillman Barracks has 86 buildings, with preliminary plans indicating that 25 could be retained. Officials are studying the preservation of all structures assessed as having exceptional heritage value and most buildings considered highly significant.

Rachel Ong, who represents the area, questioned whether alternative housing sites had been evaluated and called for continued dialogue with residents, conservation groups and heritage specialists.

Workers’ Party representatives also challenged the government on whether cancelling the projects remained possible. Tan said the developments would proceed because of national housing requirements, but the design, scale and conservation measures remained under review.

The government’s position places the two projects within a broader effort to maintain an adequate housing supply while controlling prices and meeting demand from new households. Singapore has also been converting previously developed sites, including the former Old Police Academy at Mount Pleasant and land occupied by golf courses, into residential districts.

Flight AI2379 landed safely at Indira Gandhi International Airport after the disturbance during the cruise phase of its journey. Medical teams examined those affected after the aircraft reached the terminal, while airport personnel assisted passengers requiring wheelchairs or additional support.

Initial accounts indicated that about 12 to 14 people, including cabin crew, sustained injuries. Air India described the injuries as minor and said nobody was believed to be in a serious condition. A small number of passengers and employees were taken to the airport’s medical facility for precautionary assessment and care.

The airline said the aircraft experienced a brief turbulence-related event that caused a momentary change in altitude. It confirmed that everyone on board disembarked after the landing and that support was being provided to those affected.

Airport officials had ambulances and medical personnel ready when the flight arrived. Images from the terminal showed passengers receiving assistance, including people with bandages and others being moved in wheelchairs. The precise nature of all the injuries had not been disclosed.

Preliminary operational information suggested that the aircraft lost about 300 feet of altitude during the disturbance. The figure remained subject to confirmation through flight data and the formal examination of the event. The flight had been expected to arrive in Delhi at about 11.15am.

Some accounts placed the number of injured at 10 passengers and four crew members. Other reports cited a slightly lower total. The variation reflected early assessments made while passengers were still being examined and before a final medical count was available.

A passenger claimed that several people were thrown against cabin surfaces during the jolt and alleged that injuries included damage to an ear and a shoulder. Those claims had not been independently confirmed, while the airline maintained that no serious injuries had been identified.

The aircraft, identified in preliminary reports by the registration VT-EXO, was expected to undergo technical inspections following the incident. Such checks typically examine the airframe, cabin fittings and equipment after severe or unexpected turbulence, even when the aircraft lands normally and no structural damage is immediately visible.

Air India said it was cooperating with the relevant authorities. Aviation regulators are expected to review operational records, weather information, cockpit reports and data captured by the aircraft. Investigators may also examine whether seat-belt warnings were active and whether passengers and crew were secured when the turbulence struck.

Turbulence can develop when an aircraft passes through unstable air, thunderstorms, jet-stream boundaries or rapidly changing wind patterns. Clear-air turbulence is particularly difficult to detect because it can occur outside visible cloud formations and may not always be identified by conventional onboard weather radar.

The incident underlined the danger faced by passengers who remain unrestrained when an aircraft is cruising. Aviation safety guidance advises travellers to keep their seat belts fastened whenever seated, even when the warning sign is switched off, because sudden vertical movement can occur without enough time for the crew to issue an alert.

Cabin crew members face greater exposure because their duties require them to move through the aircraft during flight. Turbulence injuries frequently occur when employees are serving meals, securing equipment or helping passengers and cannot immediately reach their seats.

Airlines use forecasts, pilot reports and information shared between aircraft to avoid areas of known turbulence. Pilots may change altitude or alter course when conditions are detected ahead. However, rapidly developing air movements can still produce unexpected jolts, particularly during monsoon weather and near powerful convective systems.

Revenue for the financial year ended March 2026 rose from nearly $9 billion a year earlier, driven mainly by demand for iPhones, Mac computers and services. The increase came as Apple widened its company-owned retail network, expanded financing options and deepened distribution beyond the largest metropolitan centres.

The performance marks a sharp acceleration from the roughly $8 billion recorded in the year ended March 2024. It also underlines Apple’s ability to gain ground in a price-sensitive market where devices using Google’s Android operating system account for the overwhelming majority of smartphone sales.

The iPhone remained Apple’s largest source of revenue in the country. Sales were supported by premiumisation in the smartphone market, trade-in programmes and instalment plans that reduced the upfront cost of devices. Older iPhone models also continued to attract buyers after price reductions following new product launches.

Apple does not disclose country-level sales in its global financial statements. The India figure reflects sales booked through its local operation and may include products distributed through company stores, online channels, authorised resellers and large electronics chains.

The company now operates six physical stores across Mumbai, Delhi, Bengaluru, Pune and Noida. Its latest outlet opened in Borivali, Mumbai, in February, adding to Apple BKC, Apple Saket, Apple Hebbal, Apple Koregaon Park and Apple Noida.

Further retail expansion is being prepared, including another store in Bengaluru. Apple has also been recruiting specialists, technical staff and customer-support employees for multiple locations, indicating that its direct-sales presence will continue to grow.

Company-owned stores offer Apple greater control over pricing, product presentation and after-sales support. They also provide space for training sessions, product demonstrations and technical services, helping the group build customer loyalty in a market where many purchases have traditionally been made through third-party retailers.

The Apple Store online, launched in 2020, remains an important part of the company’s strategy. It allows customers across the country to access trade-ins, custom Mac configurations, education pricing and direct delivery, including in cities without a physical Apple outlet.

Apple’s sales expansion has coincided with a substantial increase in local manufacturing. Contract manufacturers Foxconn and Tata Electronics have raised iPhone assembly capacity, while suppliers are expanding component operations to support a broader production ecosystem.

The country is expected to account for about a quarter of global iPhone production during 2026. Apple has also been working to supply a larger share of devices sold in the United States from factories operated by its partners in the country, reducing dependence on China.

The manufacturing network includes operations in Tamil Nadu and Karnataka, with further investment planned in assembly, enclosures, display components and semiconductor-related infrastructure. The expansion is being supported by production incentives and proposed tax concessions for foreign companies supplying equipment to contract manufacturers.

Authorities have proposed extending exemptions covering machinery provided to electronics producers until 2041. The measures are designed to reduce tax uncertainty for global suppliers and encourage longer-term investment in mobile phones, laptops, tablets and wearable devices.

Local production has helped Apple avoid some import duties and improve product availability. However, the company still relies heavily on components sourced from abroad, and manufacturing costs can remain higher than in China because of logistics, tariffs and a less developed supplier base.

India delivered another record quarter for Apple during the three months ended June. Mac sales reached an all-time high in the country, while demand for iPhones and other devices continued to expand.

Globally, Apple reported revenue of $109.42 billion for its fiscal third quarter, up 16 per cent from a year earlier. iPhone revenue climbed 22 per cent to $54.25 billion, while Mac revenue advanced 29 per cent to $10.35 billion.

Despite its growth, Apple remains a relatively small player by unit volume in the country’s smartphone market. Its share is considerably stronger in the premium category, where consumers are showing greater willingness to spend on high-end devices, financing plans and connected services.