Dubai Holding is weighing an investment in Hscale, the Bain Capital-backed data centre builder, as the Dubai investment group looks to expand its European portfolio at a time when artificial intelligence and cloud computing are reshaping demand for digital infrastructure. The group is working with a financial adviser on a possible transaction, while Bain Capital seeks additional capital to accelerate Hscale’s build-out across Europe, the Middle East […]
DUBAI – The Gulf region continues to rank among the world’s most dynamic destinations for tourism and hospitality investment. Against this backdrop, Christopher Aleo, Chief Executive Officer of iSwiss Hedge Fund, has announced a significant new project in the Sultanate of Oman. The New York-headquartered investment fund, active in real estate, infrastructure and international tourism, has confirmed a major investment in Salalah, located in Oman’s Dhofar Governorate. […]
Varenne Capital Partners has opened a Dubai International Financial Centre office, giving the Paris-based investment manager a regulated foothold in the Emirates as global asset managers deepen their presence in the Gulf’s expanding financial hub. The new entity, Varenne Capital Ltd, is a wholly owned UAE subsidiary regulated by the Dubai Financial Services Authority. The move marks the firm’s first regional base after building its business across […]
HANOI, VIETNAM – Media OutReach Newswire – 26 June 2026 – VinEnergo, a member of Vingroup’s green ecosystem, and SunAsia Energy Inc., a pioneer in the Philippine solar energy sector, have announced a strategic partnership to develop a portfolio of large-scale renewable energy projects utilizing the Solar on Stilts model. With expected lifetime revenues exceeding USD 1.5B, the projects will drive job creation, catalyze infrastructure investment, and strengthen the Philippines’ energy security.
Ms. Tetchi Capellan, Chief Executive Officer and Chairperson of SunAsia Energy (second from left), and Mr. Nguyen Anh Khoa, CEO of VinEnergo (second from right), sign the agreement between the two companies in the presence of Ms. Sharon Garin, Secretary of Energy of the Philippines, and Mr. Lai Thai Binh, Ambassador of Vietnam to the Philippines.
Between 2027 and 2028, VinEnergo and SunAsia Energy plan to bring three flagship projects into operation, with a combined installed capacity of 422MWp. These are projects located in Macabebe, Pampanga (181 MWp), Sagay (126 MWp) and Silay (115MWp), both in Negros Occidental Province.
The partnership aims to deliver reliable renewable energy to the national grid, while supporting the Philippines’ goals of strengthening energy security, reducing carbon emissions, and promoting local economic development. Once operational, the projects are expected to supply electricity to approximately 278,000 households and reduce carbon emissions by more than 460,000 tons annually, equivalent to planting around 21 million trees.
Over the next 18 months, VinEnergo will work closely with SunAsia Energy on engineering design and project implementation. This phase will include the selection of engineers, technology providers, and contractors to install nearly 700,000 solar panels mounted on pile structures, as well as approximately 62 kilometers of new transmission lines across Negros and Pampanga.
The project portfolio will utilize the Solar on Stilts technology, in which solar panels are mounted on pile-supported structures above the water surface, enabling the integration of clean power generation with aquaculture activities. This approach effectively leverages the Philippines’ strong potential for combining renewable energy development with agriculture and fisheries, while serving as a model for future sustainable energy projects. It also aligns with VinEnergo’s strategy of advancing the Food-Energy-Water Nexus to optimize resource use and create long-term value for communities.
ING and SGV & Co. acted as exclusive M&A advisors to VinEnergo and SunAsia, respectively.
Mr. Nguyen Anh Khoa, Chief Executive Officer of VinEnergo, said: “Our partnership with SunAsia Energy on this strategic project portfolio is a clear demonstration of VinEnergo’s regional growth ambitions. We are proud to bring forward solutions that combine sustainable energy development with responsible resource utilization. Floating solar not only contributes to addressing energy security challenges, but also provides a valuable opportunity to share Vietnam’s development experience in protecting local livelihoods and fostering the parallel growth of the energy and agricultural sectors.”
Ms. Tetchi Capellan, Chief Executive Officer and Chairperson of SunAsia Energy Inc., said: “This partnership is driven by the shared commitment of SunAsia Energy and VinEnergo to strengthen energy security, support economic growth, improve people’s lives, and help protect the planet. Through the Floating Solar model, we are not only developing renewable energy infrastructure but also creating a framework where food production and clean energy generation can thrive together.”
The announcement of this strategic partnership comes as the Philippines hosts the ASEAN Summit, underscoring VinEnergo’s role in advancing cross-border collaboration to address energy and climate challenges. It also marks an important milestone in VinEnergo’s international expansion strategy, while highlighting the capabilities of Vietnamese enterprises in developing pioneering renewable energy models that contribute to ASEAN’s and the world’s sustainable energy transition goals.
Hashtag: #VinEnergo #SunAsiaEnergy #SolarOnWater
The issuer is solely responsible for the content of this announcement.
About VinEnergo
VinEnergo is a leading Vietnamese energy developer focused on investing in and developing large-scale energy projects to accelerate the sustainable energy transition in Vietnam and across the region. With innovation at the core of its strategy, VinEnergo develops projects that deliver positive socio-economic impact while leading the deployment of integrated solutions that combine renewable energy, baseload power, and battery energy storage systems (BESS) to build a greener, more stable, and more reliable energy system.
About SunAsia Energy Inc.
SunAsia Energy Inc. is a Philippine renewable energy developer focused on innovative clean energy and solar solutions, including floating solar, Solar on Water, and other renewable energy projects that support the country’s clean energy transition.
Cybersecurity researchers have shown that popular AI-powered browsers can be manipulated into leaking credentials after being drawn into a fabricated game scenario, raising fresh concerns over the security of agentic web tools that operate inside authenticated user sessions. The technique, named BioShocking by LayerX Security, was tested against five agentic browsers and one browser-based AI plugin: ChatGPT Atlas, Perplexity Comet, Fellou, Genspark Browser, Sigma Browser and Anthropic’s […]
Dubai will host the second edition of the World Sports Summit on 28 and 29 December 2026, bringing together leading athletes, administrators, investors and decision-makers for a two-day forum aimed at shaping the next phase of the global sports industry. The event will be held under the patronage of H. H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister […]
Arabian Post Staff -Dubai ADNOC Drilling has delivered AD-300, its first AI-enabled automated walking island rig, nearly three months ahead of schedule, advancing Abu Dhabi’s push to use robotics, data systems and lower-emission power options in offshore oilfield development. The rig is the first of six next-generation island units covered by a $1.54 billion drilling services programme awarded by ADNOC Offshore across 2024 and 2025. Its early […]
As the first authorized reseller of Amazon Leo that has an APAC headquarters in Hong Kong, Pulsar will offer low Earth orbit satellite connectivity powered by Amazon Leo to commercial maritime customers to support vessel communications, crew welfare, digital solutions, and onboard operations.
HONG KONG SAR – Media OutReach Newswire – 25 June 2026 – Pulsar, a leading global mobile satellite service provider, announced an agreement with Amazon Leo, Amazon’s low Earth orbit satellite network. Under the agreement, Pulsar will serve as an authorized reseller, bringing high-performance satellite internet to maritime customers. As the first authorized reseller that has an office in Hong Kong, Pulsar will provide prompt customer support with regional expertise.
The agreement combines Amazon’s next-generation satellite technology, powered by a constellation of thousands of satellites with Pulsar’s global experience in providing mobile satellite services, enabling reliable connectivity for maritime customers operating globally in the commercial maritime industries. Amazon Leo is Amazon’s low Earth orbit satellite network, designed to provide fast, reliable satellite connectivity to customers beyond the reach of traditional networks.
“Amazon Leo will power the adoption of connected ship operations for fleet managers, the adoption of digital solutions such as optimized routing and navigation for lower cost and safer voyages, and aid crew retention through enhanced crew welfare applications,” said Robert Sakker, President & CEO of Pulsar. “High bandwidth, low latency communication solution from Amazon Leo, used together with AWS global infrastructure, will enable Pulsar to not only drive the adoption of the digital ship, but also to ensure cyber-security, giving fleet managers the confidence to move from connectivity to fully remote operations.”
Amazon Leo is designed to meet the demanding performance, reliability, and security requirements of business customers worldwide. The system provides lower latency, higher bandwidth, and broader coverage than traditional satellite solutions, enabling real-time applications, remote operations, and hybrid network architectures.
Customers will connect to the network using one of several compact, high-performance antennas: Leo Pro and Leo Ultra. Leo Ultra is the most powerful model in the line, capable of delivering download speeds of up to 1 Gbps and upload speeds of up to 400 Mbps—capacity that supports demanding enterprise applications.
Serving key industries across the globe, Pulsar will offer Amazon Leo as part of its portfolio of communications, digital solutions, cyber-security, and crew welfare applications, tailored to the needs of the industries it supports, including various maritime customers operating in remote waters.
“We are very excited to be partnering with Amazon Leo to strengthen Pulsar’s portfolio of maritime focused products, services and solutions,” added Sakker. “Amazon Leo will accelerate Pulsar’s expansion of the fleets it services, helping Pulsar’s continued growth as a leader in the global maritime sector.” Hashtag: #AmazonLeo #PulsarInternational #PulsarBeyond #SatelliteConnectivity #SatelliteNetwork #LEOSatellite
The issuer is solely responsible for the content of this announcement.
About Pulsar
Pulsar International (“Pulsar”) is a leading provider of satellite communications products and services, offering voice, data, and IoT solutions to customers in commercial maritime, Agri-tech, enterprise, and government markets. Pulsar operates across the globe, with offices located in North America, Latin America, Europe, Middle East, and Asia Pacific. Its global headquarters is in Hollywood, FL, USA. For more information about Pulsar and how we can transform your connectivity and end-to-end solutions beyond the ordinary, visit www.pulsarbeyond.com.
GEMS Education has recorded a modest slowdown in registrations at its UAE schools as families reconsider overseas moves amid uncertainty linked to the Iran war, though the Dubai-based operator says its expansion plans remain unchanged. Chief executive Dino Varkey said the private education group had secured about 90 per cent of its targeted new sales for the next academic year, including fresh admissions and re-enrolments. The level […]
BANGKOK, THAILAND – Media OutReach Newswire – 25 June 2026 – SCG, ASEAN’s leading low-carbon cement manufacturer, co-hosted Cemtech ASIA 2026, a world-class conference and exhibition for the global cement sector held from June 14 to 17, 2026. Driven by a shared commitment to accelerating low-carbon transition and achieving Net Zero goals, industry executives and experts from across the world gathered to explore breakthrough innovations, expand business networks amidst global challenges, and navigate sustainable business transformations in response to tightening environmental regulations and resource conservation demands.
Mr. Surachai Nimlaor, President of SCG Cement and Green Solutions
At Cemtech Asia 2026, SCG demonstrated its commitment to advancing the cement industry through tangible low-carbon cement innovations. Mr. Surachai Nimlaor, President of SCG Cement and Green Solutions, stated:
“As the region’s leader in the low-carbon cement industry, SCG is dedicated to developing breakthrough innovations that minimize resource consumption and maximize eco-friendliness. By steadily reducing carbon dioxide emissions, we directly address the evolving demands and adaptation challenges of the construction industry across ASEAN and global markets.”
Alongside showcasing its cutting-edge LC3 low-carbon cement prototype at the exhibition, SCG hosted an exclusive site visit to its Ta Luang Cement Plant in Saraburi Province for global delegates. Key highlights of the showcase and tour included:
SCG LC3 Structural Cement: Developed from limestone, calcined clay, and specialized additives, this next-generation low-carbon cement reduces CO2 emissions by up to 30–40%. Its production process incorporates up to 40% biomass alternative fuels (such as rice husks and straw) and over 35% renewable energy. This is achieved without compromising any product performance or structural integrity, with its environmental performance independently verified through an Environmental Product Declaration (EPD).
Rondo Heat Battery: SCG has pioneered ASEAN’s first installation of the Rondo Heat Battery at the Ta Luang Cement Plant. Developed in collaboration with Rondo Energy, this breakthrough thermal energy storage solution converts intermittent renewable power into high-temperature thermal energy, storing it at up to 1,500°C in thermal media. With an exceptional energy recovery efficiency of up to 97% and a lifespan exceeding 40 years, the system provides a continuous 24/7 supply of clean heat, supporting the decarbonization of industrial manufacturing processes.
Refractory Solutions by The Siam Refractory Industry Co., Ltd. (SRIC): As a leading global refractory solutions provider, SRIC showcased its advanced technologies and innovative solutions designed to enhance operational efficiency, reliability, and sustainability, including:
Anti-Hydration Brick: The world’s first Anti-Hydration brick, extending shelf life from 6 to 24 months. This breakthrough innovation helps minimize material degradation, reduce production downtime, and improve overall operational efficiency.
Thermal Media for Heat Battery: Co-developed with Rondo Energy, these high-performance heat storage blocks deliver up to 97% thermal efficiency, enabling reliable 24-hour energy availability and supporting the transition toward cleaner industrial energy solutions.
Solar Floating: Installed at the Ta Luang Cement Plant, this floating solar array generates 16.6 million kWh of clean electricity annually, cutting greenhouse gas emissions by over 8,000 tons of CO₂ equivalent per year. By repurposing the plant’s industrial reservoirs, the system optimizes resource efficiency and highlights SCG’s integration of green energy into heavy industry.
As co-host of Cemtech ASIA 2026, SCG reaffirmed its role as a trusted industry leader on the global stage. The event served as a major catalyst for expanding business networks and facilitating high-level technology and knowledge exchanges with world-class industry players. Moving forward, SCG is dedicated to cultivating global alliances to propel Thailand’s cement industry toward a Net Zero pathway, solidifying its position as ASEAN’s cement leader.
Watch the video:
CEMTECH ASIA 2026 | SCG Driving ASEAN’s Cement Industry Towards Net Zero
Cornell University undergraduates have won the grand prize at The Farm Robotics Challenge with an autonomous robot that kills weeds using targeted electric shocks, strengthening investor interest in farm automation as growers look for alternatives to herbicides, fuel-heavy machinery and costly manual labour. The winning project, developed by Rootline Robotics, beat 95 other teams in the 2026 competition, which drew entries from 13 countries and spanned schools, […]
My Wallet has moved to a broader multichain identity after MyTonWallet rebranded following its expansion from a TON-native product into an 11-blockchain self-custodial wallet serving more than 9 million users. The change marks a strategic shift for a wallet launched on The Open Network in 2022, as its developers seek to position the platform beyond a single blockchain ecosystem. The product now supports TON, TRON, Solana, Ethereum, […]
41 local tech firms, institutes and university spin-offs head to San Diego to forge global partnerships, reinforcing the city’s status as international healthcare innovation hub
HONG KONG SAR/SAN DIEGO, UNITED STATES – Media OutReach Newswire – 24 June 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP), in collaboration with InvestHK as co-organiser, the Hong Kong Trade Development Council (HKTDC) as supporting organisation, and five renowned local universities – The University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University and City University of Hong Kong – to form the city’s largest-ever delegation of life and health technology innovators to the BIO International Convention 2026 (BIO 2026) in San Diego, from June 22 to 25.
In collaboration with InvestHK and HKTDC, HKSTP led a delegation of 41 park companies, institutes and spin-offs from five renowned local universities to showcase the Hong Kong’s life and health technology innovations at BIO 2026 in San Diego.
Building on last year’s momentum, the 2026 Hong Kong delegation doubled the size of the Hong Kong Pavilion, expanding to a record of 41 organisations from HKSTP, including partner companies, research institutes, and for the first time with top five universities spin-offs. This landmark presence showcased Hong Kong’s deep strength across AI-enabled biotech, therapeutics, diagnostics, and pharma innovation, with potential outstanding “First-in-Class” and “Best-in-Class” assets. The delegation underscores the city’s leading role as Asia’s largest and the world’s second largest fundraising hub for the biotechnology sector.
Mr. Terry Wong, CEO of HKSTP, said, “BIO 2026 is a premier platform to showcase Hong Kong’s groundbreaking innovation, deepen partnerships, and open new pathways into global healthcare markets. As a super-connector, Hong Kong is uniquely positioned to bridge global innovators with opportunities across Asia and beyond. With strong R&D capabilities backed by world-class universities—five ranked among the QS Top 100, including two with medical schools now placed in the global top 20—Hong Kong’s biotech and medical research excellence is increasingly recognised worldwide. As the city’s innovation ecosystem orchestrator, HKSTP brings together talent, capital, research institutions, clinical partners, and industry leaders to accelerate the journey from discovery to impact. We will continue to empower life and health technology ventures, translating innovation breakthroughs into life-changing solutions that benefit communities around the world.”
HKSTP and Park Companies Advanced in Cross-border Innovation and Market Expansion
A key highlight of BIO 2026 is witnessing the signing of three major strategic partnerships:
LabCentral — HKSTP signed an MOU with one of the largest global non–profit biotech incubators, supporting life sciences startups with high-impact lab infrastructure and scientific community programmes. The collaboration will deepen ties between the U.S. and Hong Kong life sciences ecosystems through startup support, ecosystem engagement, and co-developed programmes, events and strategic initiatives. It will also help connect startups, investors, corporate partners and research institutions, creating stronger pathways for cross-border innovation and commercialisation.
Immuno Cure – the developer of the first-in-human novel therapeutic HIV vaccine ICVAX – announced its collaboration with OPIS, an international Contract Research Organization (CRO), at BIO 2026. Leveraging OPIS’s full-service, multi-country clinical trial expertise and regulatory knowledge, the partnership will support overseas clinical trial execution and establish a global framework to prepare for international expansion.
Zhaoke Ophthalmology signed an MOU with Laboratório Teuto, the first company to produce generic medicines and OTCs (Over the Counter – Prescription Exempt Medicines) in Brazil, to explore cross-border cooperation in ophthalmology. This is Zhaoke’s first strategic MOU in Brazil market. Leveraging its innovative pipeline and Teuto’s commercial network in Brazil, the partnership aims to bring advanced eye care treatments to Latin American patients while demonstrating the globalisation of Hong Kong-born biotech innovation.
Beyond the BIO 2026 Hong Kong Pavilion, HKSTP CEO Mr Terry Wong attended the “Translating Innovation Across Borders: Creating Global Gateways for Biotech Startups” panel sharing session. Mr. Wong shared his insights on cutting-edge biotech trends, Hong Kong’s strengths on life and health tech development, and HKSTP’s role in building a global bridge for nurturing global startup expansion, sustainable innovation and collaboration.
Furthermore, HKSTP and five Hong Kong university delegates visited the Salk Institute, home to six Nobel Laureates during BIO 2026 to explore partnerships and shape global biotech momentum through collaborative platforms. HKSTP, in collaboration with InvestHK as co-organiser, HKTDC as the supporting organisation, and powered by the Hong Kong Economic and Trade Office in San Francisco, hosted a Global Mixer during the exhibition. Industry leaders, incubators, and venture capital firms – including Bayer Pharmaceuticals, Johnson & Johnson Innovation, LabCentral, Roche, Simcere Pharmaceutical, and T.Rx Capital – were invited to join the judging panel for startup pitching sessions. The Pavilion also featured executive sharing and curated networking events for commercialisation, licensing, partnerships, investment and international market expansion.
Global recognition at Biomedical Pitch Competition
In the lead-up to BIO 2026, HKSTP actively drove engagement across the biotech sector and co-organised the 2026 Biomedical Pitch Competition with the Boston Capital Investment Club in Boston on May 23 and 24. Competing against around 170 biotechnology companies worldwide, HKSTP park company Meta Pharmaceuticals (HK) Limited won Third Place for its next-generation autoimmune therapeutics. The recognition underscores the strength of Hong Kong’s biotech pipeline and HKSTP’s commitment to translational medicine, commercialisation and globally scalable healthcare solutions.
HK’s biotech ecosystem rises to another level
Hong Kong continues to expand its global healthcare footprint as the world’s second-largest biotech fundraising hub. As Hong Kong’s flagship innovation and technology ecosystem, HKSTP is home to more than 300 life and health technology companies and helps innovators turn pioneering ideas into real-world impact. Its ecosystem connects capital, talent, infrastructure and market access across the biotech innovation journey.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 17,000 research professionals and over 2,500 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.
Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
HONG KONG SAR – Media OutReach Newswire – 24 June 2026 – Paris VivaTech 2026, Europe’s largest startup and technology event, has successfully concluded. The Hong Kong Productivity Council (HKPC) led four top Hong Kong innovation and technology (I&T) enterprises in a strong showing, presenting Hong Kong’s cutting-edge technologies in emerging and future industries, including smart mobility, green technology, advanced manufacturing and the low-altitude economy, to global industry leaders, technology experts and investors from around the world. This year, the Hong Kong Trade Development Council (HKTDC), in partnership with the Hong Kong Economic and Trade Office in Brussels as a Strategic Partner, has set up the “Hong Kong Tech Pavilion”. As one of the supporting organisations, HKPC collaborated with various partners to collectively advance the growth of Hong Kong’s vibrant I&T ecosystem.
Through “The Cradle – Go Global Service Centre”, HKPC actively empowers Chinese Mainland and Hong Kong enterprises to expand into global markets.
As one of the members of the Hong Kong Special Administrative Region (HKSAR) Government’s GoGlobal Task Force, HKPC provides enterprises with “Six Tactics to Go Global” through “The Cradle – Go Global Service Centre” (The Cradle), delivering comprehensive going-global services spanning smart manufacturing, international standards and testing services, as well as technology R&D and evaluation. HKPC actively empowers both Chinese Mainland and Hong Kong enterprises to expand into global markets. Simultaneously, HKPC is actively enabling European and international enterprises to access the Chinese Mainland market through Hong Kong, fully building a seamless, two-way bridge that highlights Hong Kong’s unique strategic advantage as an indispensable “two-way springboard”.
Mr Yonghai DU, Chief Innovation Officer of HKPC, attended the Hong Kong Seminar-cum-Networking Reception, themed “Building Resilient Tech Ecosystems: Powering the Next Wave of International Tech Leadership from Hong Kong,” organised by the HKTDC, engaging in in-depth exchanges with global industry leaders to advance Hong Kong’s position as an international I&T centre connected to the global innovation ecosystem.
Empowering Local I&T Enterprises to Seize Global Business Opportunities, Deepening Two-way Collaboration Between the Chinese Mainland and Europe
Mr Yonghai DU, Chief Innovation Officer of HKPC, said: “As one of the world’s leading technology events, VivaTech serves as an exceptional gateway for Hong Kong’s I&T enterprises to step onto the international stage. HKPC continues to lead the industry in participating in prestigious exhibitions at home and abroad, showcasing Hong Kong’s R&D strengths in full. Hong Kong’s unique advantage in integrating with the world allows it to provide high-quality strategic support that helps Chinese Mainland and Hong Kong enterprises to ‘go global’, while also serving as a key ‘two-way springboard’ that helps outstanding European and international enterprises entre the Chinese Mainland market through Hong Kong. HKPC will continue its unique position as a bridge, driving complementary strengths and fostering mutually beneficial collaboration across regions.”
He added that since its establishment, “The Cradle” has received more than 500 expressions of interest and has provided over 300 projects with go global services, including preliminary assessments, smart manufacturing technologies, testing and certification, as well as on-site visits. Drawing on HKPC’s extensive experience in leading enterprises to go global, HKPC will continue to empower more I&T enterprises successfully expand overseas and tap into global markets.
Top-tier and Diverse I&T Achievements Make Their Debut, Shining on the European Tech Stage
The four participating Hong Kong I&T enterprises showcased a range of cutting-edge technology fields to the European market at the “Hong Kong Tech Pavilion”, including Asgard Group Limited, specialising in smart energy and EV charging solutions; Laputa Eco-Construction Material Company Ltd, which develops sustainable construction technology, specialising in carbon capture and utilisation technologies; Oriental Materials Hong Kong Limited, which focuses on advanced manufacturing and manufacturing of semiconductor equipment; and Harmony SkyTech Limited, which specialises in the low-altitude economy and unmanned systems.
Representatives from all four I&T enterprises agreed that their participation helped them tap into cross-regional business opportunities, making a significant landmark for Hong Kong’s I&T sector, while HKPC’s “The Cradle” provided indispensable professional team support, helping them align precisely with international technical standards and localise their products, serving as a solid backing for their cross-regional expansion and rapid entry onto the international stage. Hashtag: #HKPC
The issuer is solely responsible for the content of this announcement.
About Hong Kong Productivity Council
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.
HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.
To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.
HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.
Japan’s ITOCHU Corporation has taken a strategic stake in Abu Dhabi-based Sirius Aviation Capital Holdings, strengthening the emirate’s position as a base for aircraft investment at a time when airlines are extending the use of mid-life jets to offset delivery delays and capacity constraints. The transaction brings one of Japan’s largest trading and investment groups into the shareholder base of Sirius, an aviation investment manager headquartered in […]
By Nitya Chakraborty The opposition INDIA bloc which completed its three years on June 23 is passing through a critical period when the very foundation of this alliance, the strong regional parties, are shattered by defections and splits backed by the ruling party BJP. Mamata Banerjee who gave the name of the alliance at the […]
SpaceX’s market value has fallen by more than $600 billion in three trading sessions, a reversal that has tested investor confidence in one of the year’s biggest public listings and drawn a sharp contrast with bitcoin’s steadier performance under the same market pressure. Shares of the Elon Musk-led space and technology group extended their decline after the company moved into the bond market for the first time […]
BANGKOK, THAILAND – Media OutReach Newswire – 23 June 2026 – Prime Minister Anutin Charnvirakul formally launched Thailand FastPass at Government House, mobilizing over USD 21 billion (approximately 700 billion baht) in strategic high-tech investment. The program integrates eight government agencies to cut regulatory approval timelines by up to 50 percent, accelerating approved investments from license to operating factory.
FastPass targets high-value sectors including advanced electronics, aerospace technology, precision machinery and automation systems, and recycled plastics.
By coordinating eight key government agencies—including Thailand’s Board of Investment (BOI), the Department of Industrial Works, the Customs Department, the Office of Natural Resources and Environmental Policy and Planning (ONEP), the Industrial Estate Authority of Thailand (IEAT), the Energy Regulatory Commission, the Metropolitan Electricity Authority, and the Provincial Electricity Authority—the initiative removes historical friction in permitting, environmental approvals, and infrastructure connectivity.
At the ceremony, the eight agencies formalized their coordination by signing a memorandum of understanding (MOU) committing to reduce approval and licensing timelines by 20 to 50 percent across key investment milestones, including factory permits, free-zone processing, environmental impact assessments, and power grid connections.
The ceremony drew more than 300 attendees, including foreign diplomats, international chambers of commerce, and multinational executives.
“In today’s global economy, speed is the ultimate competitive differentiator,” said Mr. Anutin Charnvirakul, Prime Minister of Thailand. “The Thai government is shifting from regulator to active business facilitator. By removing regulatory hurdles, increasing speed, and ensuring policy transparency, we are driving physical investments that will generate next-generation employment and secure Thailand’s long-term regional competitiveness.”
The push to turn approved projects into physical factories follows a historic surge in investment applications. BOI received a record USD 54.5 billion (approximately 1.8 trillion baht) in investment applications in 2025. Momentum has carried into 2026, with first-quarter applications already exceeding USD 30.3 billion (approximately 1 trillion baht).
The USD 21 billion total spans two FastPass cohorts. In the first phase, FastPass resolved regulatory bottlenecks for 76 previously approved projects valued at over USD 14.4 billion (approximately 474 billion baht). Today’s ceremony launched the second cohort: 25 projects from 23 companies worth USD 6.7 billion (approximately 223 billion baht), each receiving a formal Thailand FastPass certificate.
“We are focusing heavily on ‘realized investment’ entering the actual economy,” said Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance. “The FastPass mechanism is designed to deliver immediate, concrete economic results in the short term, while laying down long-term structural benefits that will distribute wealth across our broader economy. These 25 pilot projects from 23 companies are projected to generate over 13,000 high-skilled jobs. Combined with the 76 projects cleared under FastPass in the preceding phase, total investment mobilized by the program exceeds 700 billion baht.”
This mechanism converts corporate capital into domestic benefits across five key dimensions: driving investment-led GDP growth, generating high-skilled careers, transferring technical know-how, integrating local SMEs, and creating localized economic multipliers within regional communities.
“The FastPass program fundamentally changes how Thailand works with global investors,” said Mr. Narit Therdsteerasukdi, Secretary-General of the BOI. “We put eight agencies into one pipeline. Permit timelines that once stretched for months can now be cut by up to half. That gets factories built, creates high-skilled jobs, and pulls Thai suppliers into global supply chains.”
Global corporations participating in the FastPass program cited Thailand’s strategic location, modern infrastructure, robust supply chains, skilled workforce, and favorable investment policies as the key drivers for their expansion.
“Thailand possesses the talent, infrastructure, and policy support necessary for next-generation industries,” said Mr. Simon Gwozdz, CEO of Equatorial Space (Thailand) Co., Ltd., a developer of low-Earth orbit space launch vehicles. “The BOI’s one-stop coordination significantly reduces regulatory complexity.”
“The availability of raw materials, infrastructure, and proactive government support were critical in our decision to anchor our regional operations here,” said Mr. Donald Carpenter, CFO of U.S.-based PureCycle Technologies, Inc. “The FastPass mechanism directly improves our operational efficiency.”
“The speed of obtaining factory licenses under the scheme has accelerated our operational readiness, creating a smoother path to scale,” said Mr. Larry Foo of SAM Precision (Thailand), a Malaysia-based manufacturer of precision components for the semiconductor industry.
“The depth of Thailand’s electronics supply chain and supportive state policies were critical to our investment decision,” said Mr. Kris Leetavorn, Director of Advanced Connection Technology, a high-density printed circuit board (PCB) manufacturer. “The FastPass program drastically simplifies state coordination, allowing us to hit aggressive deployment timelines.”
To demonstrate Thailand’s readiness for advanced industries, the government showcased technologies currently being deployed or manufactured in Thailand, including humanoid robotics, LiDAR sensor systems, aerospace technology, and advanced electronics.
“Thailand FastPass proves what is possible when all agencies move in the same direction—approved investments actually get built,” Mr. Narit concluded. “The world is reshuffling supply chains. Investors need clarity and speed. Thailand is ready to deliver both. We will keep expanding FastPass to cover more permits and more strategic industries, creating quality jobs, strengthening supply chains, and raising Thailand’s long-term competitiveness.”
USD conversion based on a reference exchange rate of approximately 33 baht per USD (Bank of Thailand, June 2026).
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Thailand Board of Investment
Established in 1966, the Office of the Board of Investment (BOI) has continuously played an essential role for over 60 years in promoting value-adding investment for the country, from both foreign and Thai investors, to enhance national competitiveness and drive sustained economic growth and long-term national competitiveness.
Investment Services Center, PR Section, The Office of the Board of Investment (BOI)
Brussels is preparing to intensify its child-safety case against Meta Platforms, widening pressure on Facebook and Instagram over allegations that their design and recommendation systems keep children engaged in potentially harmful ways. The European Commission’s investigation is focused on whether Meta has done enough under the Digital Services Act to assess and reduce risks to minors, including so-called rabbit-hole effects, addictive design features and weak age controls. […]
Emaar Properties has pushed back the tendering process for Dubai Creek Tower by about three to four months, delaying the next major step in one of Dubai’s most closely watched landmark projects as port closures disrupt construction-material costs and pricing assumptions. The postponement affects the main tender for the redesigned tower at Dubai Creek Harbour, a project that has been on the market’s radar since its original […]
Part of the wider ATOMS Group, NAMAA steps out of stealth to share the scale of its food infrastructure portfolio and outline its long-term commitment to building the systems that power F&B across the region
DUBAI, UNITED ARAB EMIRATES – Media OutReach Newswire – 23 June 2026 – NAMAA, a real estate technology group that builds infrastructure to scale food delivery and production and a part of the wider ATOMS Group, has publicly introduced its Middle East food infrastructure portfolio. Since 2019, the company has quietly acquired and developed 150 facilities across the region, each designed to serve a distinct function within the food and beverage (F&B) ecosystem. With a clear sense of where the market is heading, NAMAA is now ready to share what has been built and where it is going next.
A Deliberate Approach to Foundation-Building From the outset, NAMAA chose to focus its energy on fundamentals: understanding the regional landscape, forging meaningful partnerships, and putting physical infrastructure in place. That groundwork has since translated into a portfolio of facilities spanning Saudi Arabia, the UAE, Kuwait, and Bahrain. The portfolio currently comprises three core offerings:
KitchenPark facilities – Ready-to-use CloudKitchens® commercial kitchens and Central Processing Units (CPUs) for F&B brands looking to scale without the capital burden of traditional premises
ProFood Bespoke builds — Tailored culinary infrastructure designed around specific operational requirements
CloudRetail – Purpose-built to close the gap between production and the end consumer
HungerHub – The region’s #1 chain of digital food courts
Picnic & Future Foods – Two new brands soon to be launched in the region
Significant and Sustained Investment In 2025, NAMAA deployed close to $100 million across the Middle East, directed entirely towards expanding its footprint, supporting existing operators, and responding to the sustained demand it continues to see across markets. That investment is not slowing.
Dubai, in particular, has become a focal point. In 2026, NAMAA plans to invest approximately $40 million into the emirate alone, a marked increase from the $28 million committed there in 2025. It is a market NAMAA has come to regard as one of the most dynamic in the region: fast-moving, receptive to new models in food and logistics, and broadly supportive of the kind of infrastructure-led approach the company brings.
A Region at an Inflexion Point The Middle East’s food landscape is shifting. Consumer demand is rising, supply chains are being rethought, and resilience has become a genuine priority for operators and governments alike. Against that backdrop, NAMAA sees a clear and enduring role for dedicated infrastructure not as a complement to the broader ecosystem, but as its foundation.
For NAMAA, the region is not just a deployment target. It is a long-term commitment that is built around empowering operators, supporting businesses of all sizes, and ultimately serving the communities these food systems exist to feed. Hashtag: #NAMAA
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About NAMAA
NAMAA is a leader in driving the growth of digital food solutions, quick commerce, and the underlying real estate foundations. The founding members have been laying the groundwork in the region since 2019, guided by a philosophy centred on developing infrastructures that give consumers fast and dependable access to meals, groceries, and essentials. Part of the wider ATOMS Group, the company has since grown into a multi-sector network with operations spanning the Middle East. Among its portfolio is KitchenPark, a commercial kitchen network providing CloudKitchens® facilities and CPUs across Saudi Arabia, the UAE, Kuwait, and Bahrain, as well as bespoke culinary infrastructure builds and quick-commerce-ready facilities.
Keir Starmer has said he will resign as prime minister, triggering a Labour leadership contest and setting Britain on course for its seventh head of government since the 2016 Brexit referendum. Starmer announced on Monday, June 22, that he would oversee an orderly transfer of power and remain in Downing Street until Labour chooses a successor, expected by September. His decision ends a premiership that began with […]
Investcorp has agreed to acquire a majority stake in Smart Managed Solutions, a London-based mechanical and electrical facilities management specialist, in a deal that deepens the Bahrain-based alternative investment firm’s exposure to resilient business services in the UK. The financial terms of the transaction were not disclosed. Smart’s co-founders, Lee Bainbridge and Alex Wilkin, will retain a meaningful minority holding, keeping the founders aligned with the company […]
18% of Hong Kong workers using AI are the most advanced group known as Frontier Professionals, higher than the global average at 16%
Just 19% Hong Kong AI users say leadership is clearly and consistently aligned on AI, and only 10% say they’re rewarded for reinvention even when results aren’t immediate
Organizational factors such as culture, manager support, and talent practices drive 2x more AI impact than individual factors alone
Microsoft is also announcing the launch of Copilot Cowork, bringing multi-model capabilities to help organizations close the gap between AI adoption and how work is designed by enabling end-to-end, multi-step workflows
HONG KONG SAR – Media OutReach Newswire – 22 June 2026 – Hong Kong employees are moving faster than their organizations when it comes to using AI, creating a growing gap between AI adoption and how work is actually designed, according to Microsoft’s 2026 Work Trend Index. The research warns of a “Transformation Paradox”: while AI use is accelerating across the workforce—with more Frontier Professionals using agents for multi-step workflows and building multi-agent systems, leadership alignment, culture, and operating models are not evolving at the same pace, limiting impact and increasing pressure on employees.
The 2026 Work Trend Index draws on analysis of trillions of anonymized Microsoft 365 productivity signals, combined with survey insights from AI users and perspectives from experts in AI, work, and organizational psychology. The conclusion is consistent: the constraint is no longer what people can do, but how work is structured around them.
AI is lifting output but not yet transforming organizations. The data shows that AI is already raising the ceiling on individual performance in Hong Kong. A privacy-preserving analysis of more than 100,000 chats in Microsoft 365 Copilot shows that 49% of all conversations support cognitive work—helping workers analyze information, solve problems, evaluate and think creatively. This shift is visible in outcomes: 57% of AI users in Hong Kong say they are producing work they could not have a year ago, rising to 73% among Frontier Professionals, the most advanced AI users in the research.
The Transformation Paradox reflects the need for systemic change, with the gap more pronounced in Hong Kong than globally. 75% of Hong Kong AI users fear falling behind if they do not adapt quickly, yet 57% say it feels safer to focus on current goals than to redesign work with AI. [i] At the same time, only 19% say their leadership is clearly and consistently aligned on AI, and just 10% say they are rewarded for reinventing work with AI even when results are not immediate, revealing a widening gap between individual adoption and organizational change. [ii]
As AI and agents take on more execution, human value is shifting rather than diminishing. When asked which skills matter most as AI becomes more embedded in work, Hong Kong AI users ranked quality control of AI output (48%) and critical thinking (42%) at the top, underscoring that AI is redesigning work, not replacing people.
From Using AI to Being Frontier Professionals Who Refuse to Outsource Thinking The Work Trend Index identifies the rise of Frontier Firms—organizations that deliberately rebuild their operating models around human‑agent collaboration, rather than layering AI onto existing ways of working.
Realizing this shift requires transformation at both the individual and organizational level. The research outlines four modes of human-AI collaboration to help employees take the first step toward becoming Frontier Professionals, before progressing to designing agentic workflows:
Delegate execution—Employees hand off routine or repeatable tasks to AI to gain speed and scale, while retaining responsibility for the outcome.
Ask for information—Employees turn to AI for context, clarification, or insight when they need to quickly get up to speed.
Collaborate on reasoning—People work alongside AI to analyze information, test ideas, and solve problems, using AI as a thought partner rather than a shortcut.
Explore new possibilities—AI is used to explore open‑ended questions, reframe problems, and surface options when the path forward is not yet clear.
These patterns matter because Frontier Firms do not aim to maximize AI use everywhere. Instead, they intentionally match the right level of human involvement to the outcome, enabling speed without sacrificing quality or accountability.
Leadership and Culture Are the Real Multipliers The research makes clear that technology alone is not the differentiator, but by how organizations lead, operate, and evolve. Organizational factors, including culture, manager support, and talent practices, account for more than twice the AI impact of individual mindset and behavior. In Hong Kong, Frontier Professionals are significantly more likely to say their managers set clear quality standards for AI work[iii], create space for experimentation[iv], and encourage more ambitious redesign of work[v].
“This is the Transformation Paradox facing Hong Kong today,” said Leo Liu, General Manager of Microsoft Hong Kong and Macau. “AI adoption is moving fast on the ground, but many organizations are still trying to fit it into old operating models. To unlock real value, leaders must move beyond pilots and productivity gains, and intentionally redesign how work gets done—how teams collaborate, how managers lead, and how success is measured.”
Microsoft is also announcing the launch of Copilot Cowork, designed to support this shift toward workflow redesign. Built on Microsoft’s multi-model approach, this agentic system enables long-running tasks across multiple tools, with usage-based pricing, cost management, and governance capabilities to balance quality, performance, and cost, and helps organizations run complex workflows more efficiently at scale.
Microsoft brings this perspective as Customer Zero, applying the same principles internally to redesign workflows, build human‑agent teams, and embed continuous learning into everyday work. Using Copilot Studio and Microsoft Foundry, Microsoft transformed its “Ask Microsoft” web agent from a standalone chatbot into a multi‑agent system that routes conversations more effectively and supports more dynamic, context‑aware interactions. This shift improves how customer intent is understood and addressed, while steering queries to the right resources or teams and allowing sales to focus on higher‑value, high‑intent engagement.
The solution delivered measurable business impact across customer engagement and operational efficiency, achieving up to 61% lower response latency and 70% fewer human escalations. Users who engaged with the agent were 10 times more likely to sign up for services and drove a 16% increase in product trial initiations.
“Inside Microsoft, we’ve learned that AI transformation is not a tooling exercise. It’s an operating model shift,” said Lorraine Bardeen, Corporate Vice President, MCAPS AI Transformation, Microsoft. “When leaders clarify how humans and agents work together, set standards for quality and judgment, and create room to experiment, organizations move faster and learn faster. That’s what separates Frontier Firms from everyone else.”
“We are entering a new era of work, where the traditional value formula is being rewritten,” said Nancy Wang, Head of LinkedIn Greater China. “We call it the ‘new math of work’—a concept introduced in LinkedIn’s new book, Open to Work. The people and organizations that emerge strongest will be those who use the time freed up by AI to build work around what’s actually harder to automate—the specific, contextual, human judgment that no tool can fully replicate, because no tool has lived what you’ve lived or knows what you know.”
The message of the 2026 Work Trend Index is clear: access to AI will soon be table stakes. How work is designed around it will define the next generation of competitive advantage for Hong Kong organizations. For more insights, read the 2026 Work Trend Index Report.
[i] A higher share of AI users in Hong Kong are Frontier Professionals (18% vs. 16% globally), reflecting talent readiness. However, despite greater pressure to adapt to AI (75% vs. 65% globally), day-to-day demands often take precedence, with more in Hong Kong choosing to prioritize current goals over redesigning work with AI (57% vs. 45% globally).
[ii] This pattern is closely linked to limited organizational support. Only 19% of Hong Kong AI users say their leadership is clearly and consistently aligned on AI (vs. 26% globally), and just 10% say they are rewarded for reinventing work with AI even without immediate results (vs. 13% globally). Without stronger top-down direction, support, and recognition, employees naturally default to the safer path.
[iii] 79% Frontier Professionals say their manager sets quality standards for AI work, compared with 59% of Non-Frontier Professionals.
[iv] 80% Frontier Professionals say their manager creates space for experimentation, compared with 61% of Non-Frontier Professionals.
[v] 81% Frontier Professionals say their manager encourages more ambitious work redesign, compared with 63% of Non-Frontier Professionals.
Hashtag: #Microsoft
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About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.
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