Issac John The Silk Road Finance & Technology Forum concluded in Tashkent with a proposition that carries important implications for the UAE: Central Asia wants its historic trade routes transformed into new corridors for money, payments, technology and investment. For a country whose prosperity has been built partly on functioning as the commercial and financial crossroads between East and West, that raises an intriguing question. Does the […]
Kuwait and Pakistan have signed a new defence co-operation agreement expanding military training, operational co-ordination and security assistance as Gulf states reassess their strategic relationships during the prolonged Iran war. The Protocol Agreement-2026 was signed on Thursday, August 27, during Kuwaiti Defence Minister Sheikh Abdullah Ali Abdullah Al-Saleem Al-Sabah’s visit to Pakistan. Defence Minister Khawaja Muhammad Asif signed for Pakistan after talks focused on bilateral security ties […]
Arabian Post Staff -Dubai The UAE has granted Starlink Satellite Communications a 10-year licence to establish and operate a public satellite communications network, strengthening the country’s push to integrate space-based connectivity with its advanced terrestrial telecom infrastructure. The General Space Services Licence issued by the Telecommunications and Digital Government Regulatory Authority authorises Starlink to operate and manage its satellite network and provide broadband satellite internet services across […]
HONG KONG SAR – Media OutReach Newswire – 28 August 2026 – For many aspiring business leaders in Southeast Asia, Hong Kong represents more than a study destination; it is a gateway to global markets. For Clarrence Mae, a first-year student from Jakarta, that vision is already taking shape at The Chinese University of Hong Kong (CUHK).
Indonesian Student Clarrence Mae Charts Her Future at CUHK Integrated BBA
Hong Kong: A Strategic Choice for Global Ambitions
A recipient of two prestigious entrance scholarships, Clarrence is currently enrolled in CUHK’s Integrated Bachelor of Business Administration (IBBA) programme. A graduate of SMAK 1 BPK Penabur Jakarta, she saw the city as a gateway to global opportunity. “I think of Hong Kong as a financial hub, a bridge between countries. For someone who wants to study international business or finance, Hong Kong is the answer.”
She first encountered CUHK at her secondary school’s education fair and was drawn to itsworld-class standing (ranked second in Hong Kong and 18th globally). “I fell in love with CUHK’s environment, the buildings, the nature and all the diversity. The various organisations and events sealed it. For me, CUHK is just right.” On top of her University Admission Scholarship and top-up scholarship by the CUHK Business School, her commitment was further recognised with two scholarships upon admission: the Shum Wai Yau and Kong Fook To Belt and Road First-in-the-Family Tertiary Education Admission Scholarship and the United College CUHK Golden Jubilee First-in-the-Family Tertiary Education Admission Scholarship.
Building Belonging in the CUHK Community
Since arriving on campus, the transition was not without challenges. Language barriers initially meant she missed updates and campus events, but CUHK’s support network for international students helped her find her footing. The atmosphere, she says, is family-like, giving students space to stay connected to home while building friendships across borders. A mentorship programme also gave her early exposure to Hong Kong’s professional landscape. “It really opened my eyes to the real job market here,” she said.
From Classroom to the Global Stage
Clarrence’s ambitions are clearly defined: a Big Four internship, an exchange semester, and a career in Hong Kong before returning to make her mark in Indonesia. “For business, Hong Kong is the answer, and CUHK’s reputation as one of the top universities in the world says it all. With the scholarship opportunities on top of that, it’s truly a win-win.”
CUHK’s Integrated BBA Programme
Offered by the region’s first business school, CUHK’s Integrated BBA programme gives students the freedom to shape a curriculum around their ambitions. Key highlights include:
Unmatched Flexibility: Nine concentration areas with no intake limits, plus options for double majors, dual degrees and minors.
A Truly Global Community: Students from over 19 nationalities, fostering cross-cultural exchange and an international outlook.
Real-World Readiness: 89% of students complete at least one internship before graduating, and 93% access global experiential learning opportunities.
Comprehensive Support: A dedicated mentorship programme, partnership courses and internship placements prepare students for an ever-changing business landscape.
Graduates leave with analytical, communication and ethical decision-making skills, and access to a network of over 45,000 Business School alumni worldwide.
IFPHK x YF Life: Hong Kong–Macau Retirement Expense Indexrises to 131.6 — Monthly Spending Reaches HK$15,090
Retiree Living Costs Have Risen Nearly 3 Times Faster Than General Inflation Since 2020
HONG KONG SAR – Media OutReach Newswire – 27 August 2026 – The Institute of Financial Planners of Hong Kong (IFPHK), in collaboration with YF Life Trustees Ltd. (YF Life Trustees), today launched the “IFPHK x YF Life: Hong Kong–Macau Retirement Expense Index” (Index). While the Index has been tracking retiree living expenses since its inception in 2020, this year marks the first time IFPHK and YF Life Trustees have partnered to expand the study to cover both Hong Kong and Macau, providing a broader regional benchmark.
The findings show that retiree inflation in Hong Kong has continued to outpace general inflation. The Index rose to 131.6 in 2026, up from 127.0 in 2023 and 100 in 2020, while average monthly spending increased to about HK$15,090 in 2026. On an annualised basis, the Hong Kong Retirement Expense Index grew by more than 5% per annumfrom November 2020 to May 2026, compared with about 1.8% per annum for Hong Kong’s Composite CPI over the same period, showing that retiree living costs have effectively appreciated close to three times faster than Hong Kong’s general Composite CPI over the same period, underscoring how retirement-specific inflation — driven by travel and dining — is materially outpacing headline price trends.
Furthermore, the study reveals that more than 72% of retirees carry at least one regret regarding their retirement preparation. Most commonly, respondents feel they should have started saving or investing earlier and learned about financial planning sooner, while many continue to express concerns about medical costs, inflation, longevity risk and the risk of outliving their savings.
Dr. Paris Yeung, Chief Executive Officer of IFPHK, stated: “The findings show that satisfaction alone does not mean retirees are fully prepared. More than 72% say they have regrets, and the most common regrets point clearly to the need to start saving, investing and planning earlier. At the same time, retiree inflation has been rising faster than headline inflation, which means future retirees need more robust and flexible plans to protect their purchasing power over time. Through this expanded collaboration with YF Life, we aim to provide deeper regional insights to help future retirees plan with greater confidence.”
He added: “Turning regret into action requires starting earlier, integrating healthcare protection into retirement planning, viewing MPF as a steady retirement paycheck, and engaging qualified financial planners to address estate planning gaps. More importantly, retirement planning should shift from a rigid, set-and-forget approach to a flexible plan that adapts to each retiree’s evolving needs—what we call moving from a ‘fixed plan’ to a ‘flexible, evolving strategy’. Our goal is to help future retirees achieve sustainable and wellplanned golden years.”
Mr. Alvin Tse, Chief Executive Officer of YF Life Trustees, stated: “As the exclusive Project Sponsor of this expanded regional study, YF Life is proud to collaborate with IFPHK on this critical benchmark for Hong Kong and Macau. The 2026 data clearly shows that while retirees desire active lifestyles, they are heavily squeezed by medical inflation and the fear of outliving their wealth. To bridge this gap, retirees must shift away from viewing retirement savings as a static lump sum. By maximizing the flexibility of the MPF through phased withdrawals and mixed-asset strategies, alongside pairing them with lifetime annuity-style income streams and robust medical protection, individuals can effectively convert accumulated assets into a predictable, lifelong paycheck. True financial peace of mind comes from building an integrated fortress that safeguards against both market volatility and longevity risk.”
Key Highlights of the Study:
Retiree Inflation Has Outpaced General Inflation: The Index rose from 100 in 2020 to 131.6 in 2026, with average monthly retiree expenses increasing to about HK$15,090 and the Index growing at more than 5% per annum versus about 1.8% for Hong Kong’s Composite CPI for the same period. This escalation is driven partly by travelling and cross‑boundary transport—with roughly four out of five retirees visiting GBA Mainland cities and spending about RMB 1,100 per trip. This suggests that general inflation figures may understate retirees’ actual cash‑flow needs, highlighting the importance of planning for inflation‑protected retirement income and periodically rebasing budgets using a retiree‑specific living expense index rather than general CPI so they can maintain their intended post‑retirement lifestyle.
Retirees’ Satisfaction Masks Ongoing Financial Anxiety and Planning Gaps: Although many retirees report being satisfied with their current retirement life, concerns remain widespread, with 51% worrying about unexpected medical expenses, 41% about inflation and 77% still lacking any form of estate or asset planning. This suggests that retirees should turn present satisfaction into future resilience by building healthcare and contingency reserves, setting clear drawdown rules to manage longevity risk, and putting in place basic estate and incapacity documents such as wills, enduring powers of attorney and advance directives well before potential health or family crises arise.
Conservative Spending but Widespread Regret—Especially Among Asset‑Rich Retirees Actual retirement spending remains conservative, with average retirement expenses in 2026 equal to about 49% of pre‑retirement income. Yet more than 72% of retirees say they would have done something differently in preparing for retirement, most notably saving or investing earlier, learning financial planning earlier and communicating more openly with family about money and care needs. This pattern emphasizes that future retirees should start disciplined saving, investing and family financial discussions much earlier, even when their asset position appears comfortable.
MPF Transitioning Toward Income Support: While most eligible retirees still treat MPF as a lump sum, with about 76% having fully withdrawn their benefits in 2026, the scheme is gradually shifting toward an income‑support role, as 22% now use MPF to fund monthly expenses, up from 12% in 2023. Retirees are encouraged to treat MPF as part of a structured retirement income strategy, considering phased withdrawals, annuity‑style income solutions, and planned drawdowns rather than a single cash‑out, converting accumulated MPF assets into a more predictable and sustainable retirement paycheck.
Hashtag: #IFPHK #YFLife #RetirementPlanning
The issuer is solely responsible for the content of this announcement.
About “IFPHK x YF Life: Hong Kong–Macau Retirement Expense Index”
The “IFPHK x YF Life: Hong Kong–Macau Retirement Expense Index” was jointly launched in 2026 by the Institute of Financial Planners of Hong Kong (IFPHK) and YF Life Insurance International Limited. Since 2020, the Index has been the only long-term, retirement-specific benchmark tracking retirees’ actual living expenses. As the first study of its kind by IFPHK, the Index tracks and measures long-term changes in retirees’ actual living expenses with reference to the Composite Consumer Price Index (CPI) and the expenditure weightings published by the Government.
In the Hong Kong survey conducted in June 2026, NielsenIQ (NIQ) interviewed 304 retirees aged 55 to 74 with monthly personal income of at least HK$20,000 before retirement and not receiving means-tested social security or charitable support.
About IFPHK
IFPHK was established in June 2000 as a non-profit organization for the fast–growing financial industry. The Institute is the sole licensing body in Hong Kong authorized by Financial Planning Standards Board Limited to grant the much-coveted and internationally recognized CFP® certification and AFP® certification to qualified financial planning professionals in Hong Kong and Macau. Currently there are more than 236,000 CFP certificants in 29 regions; the majority of these professionals are in the U.S., China, Japan, Canada and Brazil. As at 28 February 2026, Hong Kong had approximately 3,238 CFP certificants.
At present, IFPHK has 5,298 members in Hong Kong including 956 Qualified Retirement Adviser (QRA) holders; and represents financial planning practitioners in diverse professional backgrounds such as banking, insurance, independent financial advisory, stock broking, accounting, and legal services.
About YF Life Trustees Ltd. & YF Life
YF Life Trustees is a member of YF Life Insurance International Limited (YF Life), and was among the first group of institutions approved as a Mandatory Provident Fund (MPF) scheme trustee. The company specializes in providing MPF services and is committed to creating long-term value for its scheme members.
The major indirect shareholders* of YF Life Insurance International Limited (“YF Life”) include Massachusetts Mutual Life Insurance Company (“MassMutual”), which itself has over 170 years of experience and is one of the Five Largest US Life Insurance Companies**, as well as Yunfeng Financial Holdings Limited, among others. YF Life is a long-term strategic partner of Barings. We stay at the forefront of Hong Kong’s insurance industry with our superior global investment capabilities, extensive partnership network, and fintech innovation.
* MassMutual and Yunfeng Financial Holdings Limited have indirect shareholdings in YF Life. ** The “Five Largest US Life Insurance Companies” are ranked according to the results of “Insurance: Life, Health (Mutual)” and “Insurance: Life, Health (Stock)”on total revenues for 2025, and based on the FORTUNE 500 as published on June 3, 2026.
Arabian Post Staff -Dubai Qatar Investment Authority has backed autonomous trucking company Gatik in a $200 million funding round aimed at expanding driverless freight operations across major North American supply chains. The Series D financing was co-led by QIA and Koch Disruptive Technologies, with Millennium Management, ARK Invest, Intact Private Capital and Arca Continental among the other participants. Gatik plans to use the capital to expand its […]
SINGAPORE – Media OutReach Newswire – 27 August 2026 – Corporate buyers in Singapore are increasingly asking for gifting and packaging to come from the same supplier, and for that supplier to hold sourcing presence in the region rather than in a single procurement market. The Gift Empire Pte Ltd, a Singapore supplier of promotional gifts and customised corporate gifts, has responded to both within the same quarter, opening a Vietnam office supported by a local platform at giftempire.com.vn and launching Packaging Empire as a dedicated division for customised packaging solutions. Singapore remains the company’s primary market and the base from which it serves corporate gifting accounts across Singapore, Malaysia, and Vietnam.
Packaging Empire was established in response to demand from businesses seeking one partner for both requirements. The Gift Empire has supplied customised corporate gifts and promotional gifts since 1999 to organisations including Amazon, Citibank, Maybank, Shopee, and Microsoft, and receives orders through GeBIZ, Ariba, and Coupa, the procurement systems used by Singapore government agencies and large corporate buyers. Accounts of that size have traditionally run separate vendors for promotional gifts and presentation packaging, which adds cost and complicates delivery schedules when both elements are tied to the same campaign date.
The division produces gift boxes, mailer boxes, retail packaging, product sleeves, and event packaging, covering product launches, corporate events, gift-with-purchase campaigns, festive gifting, roadshows, retail applications, and brand activations. Demand for everyday corporate gift items such as custom canvas tote bags and custom water bottles in Singapore has grown alongside the shift, and these are frequently ordered with matching boxes or sleeves timed to the same launch. Clients ordering both now work to a single production timeline under one supplier.
For buyers, consolidating the two functions changes how a project is run. A client briefs one team and works to a single production timeline, so the gift item and the packaging it ships in are scheduled against the same delivery date instead of being tracked as two jobs. Colour matching and print finishing are handled within one production process, which keeps branding consistent between the item and the box it arrives in. Quality control covers both components at the same stage, and any delay sits with a single point of accountability. Volumes across gifts and packaging can be quoted together instead of being priced by two vendors working to separate minimum order quantities. For procurement teams, a single supplier also means one vendor record to maintain and one invoice per campaign, which is a practical consideration for government agencies and large corporations buying through GeBIZ, Ariba, or Coupa.
The Vietnam operation serves a dual function. Alongside supplying Vietnamese businesses through its local platform, the office gives The Gift Empire direct presence in one of the region’s largest manufacturing bases, where a significant share of the product it already sources is made. Vietnam’s electronics sector contributed over 35 per cent of the country’s total exports in 2025, reaching a record US$165 billion, according to Vietnam Briefing. Working on the ground allows closer collaboration with manufacturing partners and tighter oversight of production and quality control. The company expects this to shorten lead times for its Singapore and Malaysia clients and reduce its exposure to disruption in any single supply market.
Vincent Lau, Sales Manager at The Gift Empire, said the changes came out of client requests and not a shift in the company’s focus.
“Most of our work is still corporate gifting for clients here in Singapore, and that has not changed. What has changed is that more of them want one team handling the gifting and the packaging instead of coordinating two suppliers against the same deadline, because when the packaging runs late, the whole campaign moves with it. Vietnam happened at the same time for a practical reason, which is that a lot of the manufacturing we already source from is there, and being on the ground changes how quickly we can sort things out.” – Vincent Lau, Sales Manager, The Gift Empire Pte Ltd
The two developments give The Gift Empire a broader service range and a wider sourcing base within the same quarter, with Singapore continuing as the primary market for its corporate gifting and packaging work. The direction Lau has set out for the company is to operate as a single-source provider for corporate gifting and packaging across Southeast Asia, where a client in any of its markets briefs one team and works to one production timeline supported by a regional sourcing network.
The issuer is solely responsible for the content of this announcement.
About The Gift Empire
Founded in 1999, The Gift Empire Pte Ltd is a Singapore-based one-stop provider of customised corporate gifts, promotional gifts, and branded packaging. With more than 25 years of industry experience, the company supplies SMEs, multinational corporations, government agencies, educational institutions, banks, hotels, and event agencies, and is registered on GeBIZ, Ariba, and Coupa. Its services span sourcing, design, quality control, logistics, and fulfilment, with a catalogue of over 400 branded products available with custom logo application. The Gift Empire operates in Singapore, Malaysia, and Vietnam, and its packaging division, Packaging Empire, delivers bespoke packaging for corporate and retail applications.
The United States has disrupted a China-linked cyber operation blamed for intrusions into some of the country’s most sensitive government networks, including the Justice Department, NASA, the Federal Reserve and the US Senate. Federal authorities on Wednesday seized internet domains supporting two hacking platforms, QScan and QTRouter, which investigators say were used to penetrate government agencies, critical infrastructure and corporate networks. The action effectively disabled key parts […]
JPMorgan Chase has evaluated launching its own stablecoin as major banks reconsider their approach to blockchain-based money amid growing demand for digital payments and clearer US regulation. The deliberations mark a potential shift for the world’s largest bank by market capitalisation, which has so far concentrated on tokenised bank deposits rather than issuing a conventional stablecoin. JPMorgan already operates JPM Coin, a dollar-denominated deposit token designed for […]
Singapore is preparing to provide almost S$70,000, or nearly Dh200,000, in direct financial support for every citizen child as it confronts a record collapse in fertility and mounting pressure from an ageing population.
The new SG Child Support Package will extend government assistance from birth through age 17, replacing a system that concentrates much of its financial help around a child’s early years. Payments under the redesigned framework are scheduled to begin in April 2027.
Prime Minister Lawrence Wong unveiled the package at the National Day Rally on August 23, describing a broader shift towards supporting parents throughout the years of raising a family rather than relying mainly on incentives linked to childbirth.
Every Singapore citizen newborn covered by the new arrangements will receive a S$10,000 Baby Gift and a S$5,000 MediSave grant. A Child Development Account will receive an initial S$5,000 grant, with the government matching parental savings dollar for dollar up to another S$5,000.
Children will then receive S$2,000 in annual Child Credits from age one through 16. Government support will also include annual Edusave top-ups during primary and secondary education and a S$10,000 payment into the Post-Secondary Education Account at age 17.
Taken together, the measures will provide almost S$70,000 in direct financial assistance for each citizen child. Unlike the existing Baby Bonus and Large Families schemes, the basic level of support will no longer depend on birth order.
The overhaul comes after Singapore’s resident total fertility rate dropped to 0.87 births per woman in 2025, its lowest level on record and down sharply from 0.97 in 2024. The replacement rate required to maintain a population without migration is about 2.1.
Only 30,004 live births were recorded in 2025, an 11 per cent decline from 33,703 a year earlier. Resident births fell 10.6 per cent to 27,529, while citizen births declined 10.4 per cent to 26,201.
The figures have intensified concerns about the size of Singapore’s future workforce and the ability of a smaller working-age population to support growing numbers of elderly citizens. More than one-fifth of citizens are already aged 65 or above, placing Singapore among societies experiencing particularly rapid demographic ageing.
Financial incentives are only one part of the policy response. Wong acknowledged that decisions about having children are deeply personal and cannot be determined by government payments alone. The package therefore combines cash assistance with measures targeting childcare costs, parental leave, housing and workplace pressures.
Childcare leave will be expanded according to family size. Working parents will receive eight days each if they have one child aged 12 or below, 10 days with two children and 12 days with three or more children.
A working couple with three primary-school children would consequently have 24 days of childcare leave between them, compared with four days under the existing arrangements for parents whose youngest child is above six.
The government will also cover the financial cost of all statutory child-related leave up to the applicable reimbursement limit, reducing the expense borne by employers and seeking to limit any employment disadvantage associated with parenthood.
Preschool costs are another major target. Government-supported centres currently provide places for about 80 per cent of preschoolers, but full-day childcare can cost close to S$600 a month for some families, while infant care can exceed S$1,000.
Authorities aim eventually to bring full-day childcare fees at government-supported preschools down to S$150 a month and infant care fees to S$300. The lower fee structure is intended to apply regardless of household income, while lower-income households will continue to qualify for additional subsidies. Implementation will take several years as the network of supported operators expands.
Housing policy is being adjusted alongside the family package. The monthly household income ceiling for Build-To-Order public housing will rise from S$14,000 to S$16,000, while the ceiling for Executive Condominiums will increase from S$16,000 to S$18,000.
First-time families applying for a new flat will receive an additional ballot chance for every child they have or are expecting, giving larger households greater priority in securing subsidised housing. Further healthcare, transport and housing assistance for larger families is also under consideration.
Claims that outgoing White House press secretary Karoline Leavitt confirmed a Donald Trump-branded “Golden Token” can be exchanged at Bank of America for $3 million have no substantiated basis, with official government information and the bank’s published material showing no such redemption programme exists. The allegation has circulated through social-media and messaging accounts promoting purported Trump Golden Tokens as an extraordinary wealth opportunity. Some posts claim holders […]
Ukrainian President Volodymyr Zelenskyy has awarded Elon Musk the Order of Freedom as Kyiv intensifies efforts to secure broader access to SpaceX’s Starlink network for military operations against Russia. The honour, announced by presidential decree on Wednesday, recognises Musk for his contribution to protecting human life and freedom and for strengthening relations between Ukraine and the United States. Musk, the head of SpaceX and Tesla, has emerged […]
Arabian Post Staff -Dubai Dubai International Airport’s passenger recovery accelerated through the second quarter, with traffic climbing month by month as airlines restored capacity and international connections began returning after severe disruption to Gulf aviation earlier this year. DXB handled 13 million passengers between April and June. Monthly volumes increased from 3.5 million in April to 4.5 million in May and 5 million in June, a rise […]
SpaceX has unveiled plans to invest $100 billion in a vast Louisiana spaceport designed to become its largest launch complex and support thousands of Starship missions each year. The project, named Starbase Louisiana, will occupy about 125,000 acres in Vermilion Parish near Pecan Island on the Gulf Coast. Construction is expected to begin in 2027, while SpaceX is targeting its first Starship launch from the site in […]
Alibaba Group Holding’s powerful insiders have stepped in to buy shares after its $10.2 billion equity placement, but their show of confidence has done little to settle investor unease over dilution and the rising cost of the company’s artificial intelligence ambitions.
Founder Jack Ma bought more than HK$600 million worth of Alibaba’s Hong Kong-listed shares over consecutive trading days, while chairman Joe Tsai and chief executive Eddie Wu together purchased more than HK$200 million of stock. The buying helped shares recover modestly after the placement triggered their sharpest setback in months, but the stock remained well below levels preceding the deal.
Alibaba priced 710 million new shares at HK$112.70 each, raising HK$80 billion, or about $10.2 billion. The price represented an 8.4% discount to the August 21 Hong Kong close of HK$123 and increased the company’s outstanding share count by roughly 3.7%.
Hong Kong-listed shares slumped 8.5% on August 24, closing at HK$112.50 after trading as low as HK$110.10. They recovered 1.5% to HK$114.20 on Tuesday as purchases by senior executives became known, leaving them still more than 7% below the price immediately before the placement was announced.
The transaction has become a test of whether investors will continue financing increasingly expensive AI expansion despite the near-term pressure it places on earnings and cash generation. Alibaba has earmarked all net proceeds for its full-stack AI capabilities, covering computing infrastructure, chips, models and other technologies required to expand its cloud and generative AI businesses.
Demand for the offering itself was strong. Investor orders reached roughly $28 billion, making the placement almost three times subscribed. Sovereign wealth funds and long-only institutional investors accounted for a sizeable portion of allocations. The deal ranks as the largest primary follow-on share offering by a Hong Kong-listed company.
The discomfort instead centres on the scale and timing of Alibaba’s capital requirements. The company spent close to $10 billion on capital expenditure during the three months through June, an increase of about 75% from a year earlier. Net profit dropped about 75%, while free cash flow turned into an outflow of roughly $6.6 billion.
Alibaba has already deployed almost half of the 380 billion yuan it pledged last year to spend on AI and cloud infrastructure over three years. Management has argued that rapidly growing demand justifies accelerating investment and has shortened its expected payback period for AI expenditure to about two-and-a-half years from three years.
That argument is supported by Alibaba Cloud’s accelerating expansion. Revenue from the cloud business has been growing strongly, helped by demand for AI-related products, while the company continues to build computing capacity overseas. Alibaba Cloud this month opened a third data centre in South Korea, taking its network to 104 availability zones across 30 regions.
Its Qwen family of large language models has also strengthened Alibaba’s position among leading Chinese AI developers. New iterations have improved performance in coding, reasoning and agent-based tasks, helping the company compete with models from domestic rivals and leading US technology groups.
Investors nevertheless face a difficult balance between the longer-term AI opportunity and the immediate financial cost. Expensive processors, servers, data centres and networking equipment require large upfront commitments, while competition is pushing model providers towards lower prices. Alibaba is simultaneously spending heavily on quick commerce and other consumer businesses, adding pressure to margins.
The share sale has also revived scrutiny of capital allocation. Alibaba spent years repurchasing billions of dollars of its own shares, only to issue new equity at a sizeable discount as AI spending accelerated. Although the company still has substantial cash resources, investors have questioned why such a large equity raising was preferable to greater use of its balance sheet or debt financing.
Arabian Post Staff -Dubai WETEX 2026 will give greater prominence to advanced water technologies as Dubai seeks to strengthen water security, expand efficient desalination and accelerate the use of artificial intelligence in utility networks. The 28th Water, Energy, Technology and Environment Exhibition, organised by Dubai Electricity and Water Authority, will run from 20 to 22 October at the Dubai World Trade Centre. The exhibition is being held […]
SHANGHAI, CHINA – Media OutReach Newswire – 26 August 2026 – From tapping into the metro and paying at local shops to claiming tax refunds, booking family stays and unlocking dining benefits, Shanghai Summer 2026 is introducing visitor-focused products designed to make exploring the city easier for international travellers.
Running from July to October under the theme “Shanghai Summer, Join the Family Fun,” the international consumption season brings together payment networks, banks, hospitality groups and mobility providers to improve the visitor journey.
As a global strategic partner of Shanghai Summer, Visa is expanding its payment-friendly network across the city. Visa’s contactless “Tap to Pay” experience covers dining, accommodation, transport, tourism, shopping and entertainment. Visa data shows that in the first quarter of 2026, offline card spending by international visitors in Shanghai increased by more than 50% year-on-year, while transaction volumes rose by more than 60%.
China UnionPay is expanding its support for international visitors through the Nihao China App, an all-in-one digital platform combining payments, transportation, travel information and multilingual services. Available in more than 160 countries and regions, the app allows users to top up with international Visa or Mastercard cards and pay via UnionPay QR codes at more than 100,000 merchant locations. It also supports metro and bus travel in Shanghai, real-time translation, navigation and instant tax-refund services.
Bank of China Shanghai Branch has launched an upgraded Tax Refund 2.0 programme during Shanghai Summer. The initiative expands tax-refund services into hotels, supermarkets, restaurants, attractions and international talent service centres, supported by integrated POS refund functions and self-service tax-refund machines.
For travellers navigating the city, Shanghai Pass combines transportation, sightseeing and merchant benefits in one product. The card can be used across Shanghai’s metro, buses, ferries, suburban railways, Maglev services and taxis, while cardholders can access privileges at nearly 150 merchants.
Jin Jiang International is taking a similar integrated approach through its “2026 Jin Jiang ∞ Journey, Shanghai Summer” programme, combining hotels with cultural attractions, dining, guided city experiences and family entertainment. Its Shanghai Gourmet Passport 2.0 also connects dining, hotels and cultural experiences for international travellers.
Together, these products are making payment, transport, tax refunds, hotels, dining and attractions more connected — helping international visitors move more freely, pay more simply and experience more of Shanghai.
Hashtag: #ShanghaiSummer
The issuer is solely responsible for the content of this announcement.
By TN Ashok The much-awaited political reunion between the Bharatiya Janata Party and the Shiromani Akali Dal appears to have hit the rocks even before the two former allies could formally sit down to negotiate a seat-sharing formula for the 2027 Punjab Assembly election. The problem is not ideology. Nor is it the bitter history […]
OpenAI has disclosed performance results for its first custom artificial intelligence chip, saying the processor beat Nvidia’s leading systems on key measures of inference speed and energy efficiency. The chip, called Jalapeño, was developed with Broadcom as part of OpenAI’s push to gain greater control over the computing infrastructure powering ChatGPT and its other artificial intelligence services. Tests released on Tuesday showed the processor delivering between 1.5 […]
India’s data centre real estate footprint is projected to exceed 101 million square feet by 2030, nearly four times the 27 million square feet recorded in the first half of 2026, as artificial intelligence, cloud computing and hyperscale investments accelerate demand for digital infrastructure.
The expansion is being backed by more than $300 billion in announced investment commitments across data centres and associated digital infrastructure, putting the sector among the country’s fastest-growing infrastructure segments. The development pipeline could lift installed data centre capacity beyond 6.7 gigawatts by the end of the decade from more than 1.8 GW in the first half of 2026.
The scale of investment reflects a fundamental shift in the market as generative AI dramatically increases computing requirements. Cloud migration, digital payments, video streaming, 5G networks, enterprise digitisation and growing demand for local processing capacity are adding to workloads that require high-density computing facilities operating around the clock.
Forecasts differ considerably because industry studies use different definitions of operational capacity, committed projects and IT load. A separate assessment released in July projects operational data centre capacity at 12 GW by 2030, compared with 2.2 GW in 2025, as AI-focused capacity expands sharply. AI-dedicated capacity alone could rise from about 275 MW in 2025 to more than 6.5 GW by the end of the decade.
Power availability is emerging as one of the biggest constraints on that growth. Electricity demand from data centres is estimated to reach 13.56 GW by 2031-32, requiring major additions to generation, transmission and renewable-energy infrastructure. Developers are also adopting direct-to-chip liquid cooling, immersion cooling and other technologies designed to reduce the electricity and water requirements of increasingly dense AI computing installations.
Mumbai Metropolitan Region and Chennai remain the largest established data centre markets, benefiting from submarine cable connectivity, fibre infrastructure and concentrations of enterprise customers. Their position at international cable routes connecting Europe, West Asia and Southeast Asia has helped establish both regions as major gateways for hyperscale capacity.
Hyderabad, Delhi-NCR and Bengaluru are now attracting a larger share of planned development as operators seek new land, power and connectivity options. Hyderabad could add 600-700 MW by 2030 to its existing capacity of about 178 MW, while Delhi-NCR is expected to receive another 500-600 MW against a current base of roughly 179 MW.
Global technology companies and large domestic groups are driving the investment cycle. Google has begun construction of an AI hub in Visakhapatnam as part of an approximately $15 billion investment planned between 2026 and 2030. The project combines gigawatt-scale computing infrastructure with subsea connectivity and new energy capacity, making Visakhapatnam an emerging data centre location on the east coast.
Reliance Industries is developing a 168 MW AI-enabled data centre in Jamnagar that Meta will lease, with an option to expand capacity. The facility, expected to be delivered within two years of the June 2026 announcement, will use renewable electricity and desalinated seawater for cooling. It will become Meta’s first built-to-suit data centre capacity in the country.
Real estate groups are also moving into infrastructure traditionally dominated by specialised data centre operators. Lodha Developers has earmarked about 400 acres at Palava near Mumbai for a data centre park and plans roughly 1 GW of powered-shell capacity, with Amazon Web Services and STT Global Data Centres identified as anchor operators. The powered-shell development alone is expected to require roughly ₹10,000 crore to ₹11,000 crore.
Other projects are expanding the competitive field. Yotta Infrastructure is developing additional capacity in Greater Noida, Anant Raj is targeting 357 MW of IT load across locations in Haryana by FY2032, while Prestige Group and NTT Data have agreed to develop a Bengaluru facility with 100 MW of overall capacity and 67.2 MW of critical IT load. NTT is also among the companies pursuing substantial additions in Hyderabad.
HONG KONG SAR– Media OutReach Newswire – 25 August 2026 – The Hong Kong Designers Association (HKDA) hosted the Hong Kong Design Summit cum BDA Brand Award 2026 Presentation Ceremony Gala Dinner at The Fullerton Ocean Park Hotel Hong Kong, bringing together an elite audience of 180 leading professional designers, creative industry pioneers, and corporate executives, this year’s flagship event serves as an authoritative platform celebrating excellence in design application, cross-sector matching, and strategic design-tech partnerships.
The Summit was honored to have Miss Yvonne Ip, Acting Commissioner for Cultural and Creative Industries, as the Guest of Honour. In her address, Miss Ip highlighted the power of design to drive business growth and emphasized that the Hong Kong Design Summit, now in its third year, has become a key platform for industry exchange and collaboration, bringing design talent and enterprises together through flagship initiatives like DesignMatch, to turn creative ideas into commercial results. The Hong Kong Designers Association has been a pioneering force in the local design ecosystem for half a century, and CCIDA is proud to partner with HKDA to nurture design professionals, accelerate industrialization, and help local enterprises expand into international markets — advancing Hong Kong’s creative economy together.
Chairman’s Welcome: Driving Real Impact Through Strategic Focus
Opening the evening gala, Ms. Mui Kinoshita, Chairman of HKDA, delivered a heartfelt welcoming address reflecting on the Association’s post-pandemic transformation and strategic vision.
Reflecting on the Association’s post-pandemic vision, Ms. Kinoshita highlighted HKDA’s core strategy—”Two Awards, One Summit, One Platform“—designed to deliver tangible benefits by recognising individual design excellence, honoring corporate design investment, and driving commercial partnerships through DesignMatch. She celebrated HKDA’s expansion from 900 to over 1,300 members, calling it a testament to industry trust. Honoring the Association’s 50-year legacy, she paid tribute to founding pioneers whose dedication laid the foundation for Hong Kong’s creative sector. She concluded with a passionate call for open dialogue and unified collaboration to build a stronger, more caring design industry for the next generation.
Star-Studded Gathering of Design Icons and Industry Leaders
The Gala Dinner was anchored by an extraordinary gathering of creative heavyweights, founding pioneers, and distinguished guests across the design, creative sectors, and corporate leaders. Joining Guest of Honour Miss Yvonne Ip and Officiating Guests, including Dr. Kan Tai-Keung, SBS, BBS, Former Chairman of HKDA (Tenure: 1986, 1987, 1988), Mr. Steve Leung, BBS, Chairman of Hong Kong Design Centre, Mr. Alan Cheung, MH, Chairman of Hong Kong Design Council, Federation of Hong Kong Industries, Mr. Kevin Yeung, Chairman of Hong Kong Fashion Designers Association, were celebrated global design icons and industry leaders who attended in strong support of the Summit, including Ms. Vivienne Tam, Designer and Founder, Vivienne Tam Fashion House, Mr. Tino Kwan, Founder and Principal Consultant of the Tino Kwan Lighting Consultants Limited, and Mr. Gu Wei, Head of AIGC Design Business, Alibaba International Digital Commerce Group. The evening was further graced by prominent design masters, industry executives, and organisational representatives. Their presence, alongside premier corporate partners and judging leaders, underscored the unified strength and collective vision of Hong Kong’s creative community.
The annual event unfolds in two key segments: the Hong Kong Design Summit, featuring the Kick-off Ceremony, DesignMatch business matching, and a landmark MOU signing; followed by the BDA Brand Award 2026 Presentation Ceremony.
Hong Kong Design Summit 2026
The opening segment convenes industry leaders and creative professionals to foster commercial growth and educational innovation:
1. DesignMatch Business Matching Sessions: An exclusive, high-impact B2B networking initiative designed to bridge corporations and design professionals, driving immediate business opportunities and accelerating the translation of creative capital into commercial success.
2. Award-Winning Brands Showcase: A curated, high-visibility showcase where outstanding design firms and corporate awardees demonstrate successful project outcomes and share strategic market insights.
3. Strategic Tripartite MOU Signing: A milestone collaboration between School of Design, The Hong Kong Polytechnic University, Alibaba International Design, and Hong Kong Designers Association. The parties intend to explore opportunities for collaborative initiatives in design and AI-related education in the creative industry, as well as strategic collaboration for industry development across Hong Kong and the Greater Bay Area (GBA). Key potential areas of collaboration include: A) Joint development and delivery of academic and professional training courses (with AI courses as the initial program collaboration); B) Industry–academia partnerships to foster design-tech innovation and applied research; C) Co-organisation of training courses, flagship events, forums, and summits to promote design excellence and cross-sector collaboration.
BDA Brand Award 2026 Presentation Ceremony
The second part of the event highlights design leadership and commercial results through an elite evening program, the BDA Brand Award 2026 Presentation Ceremony. An elite gathering celebrating outstanding brand design applications and recognizing excellence across diverse industries. This year’s competition attracted 150 brand entries from diverse industries, further solidifying BDA’s authoritative position as one of Hong Kong’s top brand awards. The BDA Brand Award invites nominations from professional designers or organizations, with submissions evaluated by a panel of experts based on three aspects: brand story, development, and achievements. Additionally, five assessment criteria are considered: 1) Environmental & Social Impact, 2) Cultural Impact, 3) Innovation & Technology, 4) Brand Image, Identity & User Experience and 5) Market Performance & Value.
The awards celebrated winners across multiple categories, including 1) Best Branding Image Award, 2) Best Cultural & Heritage Award, 3) Best ESG Award, 4) Best Innovation & Technology Award, 5) Best Media & Communication Award, as well as Best Award, Grand Award, and the prestigious Best of the Best Award.
A professional jury panel comprised of esteemed first-round judges—Prof Anthony Kong (Assistant Professor, School of Design, The Hong Kong Polytechnic University), Mr. Kirin Leung (Founder, Kirin+lab), Mr. Joe Wong (Founder, Joe Wong Design), Mr. Kenny Li (Founder, FM+ Concepts & FAVEbyKennyLi), and Mr. Jay Leung (Founder, Starz Group) as well as final-round judges—Ms. Mui Kinoshita (Chairman, HKDA), Prof. Viveca Chan (Founder and Chairman, WE Marketing Group), Ms. Hilda Chan (Chief Marketing Officer, HKSTP), Mr. Bosco Leung (Social Responsibility Lead, MTR Corporation Limited), and Mr. Jimmy Li (Head of Brand Partnership, Harvey Nichols Hong Kong). The judges meticulously assessed submissions through a rigorous process, including an initial online evaluation and live presentations.
From a pool of 150 exceptional brand entries, the jury evaluated each brand’s overall excellence, market impact, and alignment with the selection criteria in their respective fields. It is with great pleasure that we announce Sino Group「GoCircular」as the winner of the Best of the Best Award and fwah! as the winner of the Best of the Best Award (Startups). These brands have demonstrated unparalleled excellence, and their selection as winners is a testament to their outstanding achievements.
Additionally, 14 outstanding brands have been recognized with the Grand Award, including (in alphabetical order)
1. a²CIRCLE x TENKA TAIHEI
2. Bone Studio骨子裡
3. BrainX
4. Cohere Design柏納遨天
5. DCH Living 大昌行生活
6. Gridword Communications Ltd
7. HKUST International Summer Campus
8. ISABELLE.C 伊裳
9. Leo Paper Group 利奧紙品集團
10. LOUDER
11. Mini Greeny Heroes
12. Jumbo Kingdom – Tai Pak Floating Restaurant 珍寶王國 – 太白海鮮舫
13. The Living Art
14. Tiger Circle
The full winner list of BDA Brand Award 2026 is listed on Appendix A.
Fostering Strategic Synergies and Future Growth
The 2026 Summit reinforces HKDA’s commitment to elevating design as a core commercial driver while empowering the next generation of designers through AI-driven education and regional integration. Through structured business matching, strategic academia-industry partnerships, and award recognition, the event continues to solidify Hong Kong’s position as a premier global hub for commercial design innovation.
For more details on the event and program updates, please visit the official website at https://www.hkda.hk/
Appendix A – BDA Brand Award 2026 Winners (*in Alphabetical order)
3. ESG VISA – The Global Passport for Sustainable Business
4. PARTYDAY
5. Silver Innovation
6. Starry Learning
7. Xinera by FoodTrack
Startups – Best ESG Award
1. ESG Visa
Startups – Best Cultural & Heritage Award
1. Tu by Tu
Startups – Best Branding Image Award
1. Excelsior interior design limited
2. EyeComfi
3. LegalOne Global Limited
4. 非遺美食 INTANGIBLE CULTURAL HERITAGE FOOD
5. Renovation Guide Consultant Limited
6. Ripple & Co.
Hashtag: #HKDA #BDABrandAward #BDA品牌大獎
The issuer is solely responsible for the content of this announcement.
About Hong Kong Designers Association (HKDA)
Established in 1972, the Hong Kong Designers Association (HKDA) was the first of its kind in Hong Kong and is a founding member of the Hong Kong Design Centre. Its core mission is to promote design’s public interest, cultivate young designers, and elevate the professional status of practising designers across sectors.
HKDA’s flagship programmes include the Global Design Award (GDA) (formerly known as Asia Design Awards), which has been celebrating outstanding global designs biennially since 1975; the Hong Kong International Poster Triennial (HKIPT), which has been documented the development of local and international poster design through competition, exhibition and symposium since 2000; the Sponsorship for International Design Awards (SIDA), a distinguished funding scheme for local designers and design-applying enterprises who are winners of international design awards, which has been running since 2011; Design X Technology (DXT), a progressive programme that integrates design and technology as core components in business strategy to drive innovation and competitive advantage since 2020; and BDA Brand Award (BDA) (formerly known as BDA Brand Design Awards), this award evaluates outstanding brand performance through a professional design lens, honoring long-term strategic commitment to design excellence, and was debuted in 2023, also other strategic initiatives including the Hong Kong Design Summit and the DesignMatch business matching programme connect design professionals directly with market demand across government, commercial, and industrial sectors.
With over 1,300 individuals and corporations in its diverse membership base, HKDA offers a wide range of membership options for professionals, associates, affiliates, students, and corporations that cover six design disciplines: Graphics, Spatial, Product, Digital, Fashion, and Education. Prioritising design excellence, education, technology integration, sustainability, business support, diversity, and inclusivity, HKDA has established itself as a vital platform for its members, as well as designers, businesses, and organisations throughout the Asia-Pacific region. Through its commitment to advancing these key areas, HKDA provides valuable resources, networking opportunities, and expert guidance to its members while also serving as a hub for innovation and collaboration in the design industry.
HKDA is committed to raising public awareness of the value and importance of design in society. It partners and collaborates with other design organisations and institutions worldwide, such as the World Design Organization (WDO) and International Council of Design (ico-D), to promote global design excellence, cultural diversity, and international design exchanges. By working with other design organisations on a global scale, HKDA aims to contribute to the development and advancement of the design industry, both locally and internationally.
Flipkart has emerged as a serious challenger to India’s established quick-commerce platforms two years after launching Minutes, with daily orders surging past one million and its fulfilment network expanding rapidly across large and smaller cities.
The Walmart-owned company’s rapid-delivery service is handling an estimated 1.1 million to 1.2 million orders a day, compared with roughly 390,000 to 400,000 in November. That has brought Flipkart Minutes within striking distance of Swiggy Instamart, which is processing about 1.4 million daily orders.
Blinkit remains well ahead, with estimated daily volumes of roughly 3.4 million to 3.6 million orders, while Zepto handles about 2.4 million to 2.6 million. The gap nevertheless underlines the speed with which Flipkart has transformed itself from a late entrant into a major force in one of the country’s fastest-growing retail segments.
Flipkart Minutes was launched in August 2024, several years after Swiggy introduced Instamart and after Zepto established itself around ultra-fast grocery delivery. Blinkit’s origins stretch further back to Grofers, which began as an online grocery service before moving towards the dark-store model.
Flipkart has compensated for that late start with an aggressive infrastructure build-out. Minutes crossed 1,000 micro-fulfilment centres in June and now covers more than 130 cities and 8,000 pin codes. The company plans to expand its network to about 1,500 centres by the end of 2026. Orders have increased fivefold year on year.
The expansion is increasingly focused beyond the largest metropolitan markets. Around 90 cities added to the Minutes network over the past year are in smaller urban centres, where demand is growing from a relatively low base. Flipkart says its tier-two and tier-three business has expanded 42-fold compared with a year earlier.
That strategy distinguishes Flipkart from competitors that built much of their quick-commerce scale in affluent metropolitan neighbourhoods. The company can draw on an established e-commerce customer base, logistics infrastructure and merchant relationships while extending instant delivery to places where dark-store penetration remains lower.
Average baskets also offer Flipkart another competitive lever. Its average order value has been estimated at about ₹700, reflecting efforts to broaden rapid delivery beyond groceries into electronics, beauty products, wellness items and lifestyle merchandise. Fruits and vegetables remain important, but the average order value within that category has risen about 30% as customers become more comfortable buying larger baskets through Minutes.
The market itself continues to expand sharply. The six largest quick-commerce platforms together are now processing more than nine million orders a day. Blinkit, Zepto and Instamart still account for nearly four-fifths of that volume, but the accelerating expansion of Flipkart and Amazon is changing a market once dominated almost entirely by venture-backed start-ups.
Amazon is scaling its Now service while Reliance and other retailers are also seeking a larger share of instant commerce. Competition is increasingly shifting from simply entering new cities to placing additional fulfilment centres inside already-served pin codes, shortening delivery distances and expanding product selection.
For Swiggy, the pressure comes as Instamart concentrates increasingly on economics rather than network growth alone. The platform operates more than 1,200 dark stores across over 130 cities and serves more than 14 million monthly transacting users. Its gross order value reached ₹7,907 crore in the first quarter of fiscal 2027, rising 40% year on year, while its contribution-margin loss narrowed to 0.2% of gross order value. More than 45% of its dark-store network is contribution-margin positive.
Swiggy is also moving Instamart towards an inventory-led structure after changes to its foreign ownership arrangements, a model designed to improve purchasing efficiency, reduce wastage and give the company greater control over assortment and margins.
Walmart’s financial strength gives Flipkart considerable capacity to sustain investment while the quick-commerce business scales. Walmart International reported a 19% increase in e-commerce sales in its fiscal second quarter, while its operating income benefited partly from lower e-commerce losses. Flipkart’s advertising operations also remained a growth driver for the international division.
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