Just in:
Forged court directives trigger probe into website blocking // Turkish Airlines adds Chengdu to mainland China services // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // MG Motor presents four electrified vehicles at Dubai exhibition // Uforce reaches $6 billion valuation with British backing // New Zealand bond bids reach thirteen-year auction peak // Nvidia appoints Colette Kress interim chief after Huang departure // How A Newly Elected Democratic Congress Could Reshape US–India Relations? // ONYX Hospitality Group Unveils Plans for Amari Samui Resort and Villas, Elevating Its Premium Resort Offering on Koh Samui // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // Yicura BioMed Advances Dual Capital and Industrial Strategy: Completes First Closing of Series B Financing Led by Gobi Partners // Fujairah highway pile-up leaves 14 dead and 30 injured // Ladakh Ban On Protests Ahead Of Election Is Uniquely Contentious // U.S. Democratic Leadership Starts Dialogue With Progressive Bloc For Joint Strategy // December Is the Last Window for $800,000 U.S. Residency Investment // High Court orders scrutiny of Thachankary hospitalisation // Crescent Enterprises venture arm funds Oyster Therapeutics development // Microsoft outage leaves Outlook and Teams users disconnected // Electric and hybrid interest rises at Sharjah car market // Spain housing strike disrupts transport and industry nationwide //

News related to
risk

Arabian Post Staff -Dubai Dubai Police has warned that increasingly convincing artificial intelligence deepfakes could undermine confidence in genuine photographs, videos and recordings, creating new obstacles for criminal investigations and digital security. A study prepared by the force’s Future Foresight Centre says the challenge is expanding beyond identifying fabricated material to establishing that authentic content has not been manipulated. It identifies potential consequences for public safety, information […]

Arabian Post Staff -Dubai A missile struck a passenger terminal at Riyadh’s King Khalid International Airport on Saturday, wounding numerous people and triggering evacuations as emergency crews rushed to the scene, regional officials said. Two officials confirmed the airport had come under attack, with one saying the missile hit an occupied passenger terminal. Both requested anonymity because they were not authorised to speak publicly. Saudi authorities had […]

By K Raveendran India’s electoral democracy has reached a critical juncture where judicial intervention can no longer remain confined to procedural scrutiny and expressions of concern. The mounting controversy surrounding Chief Election Commissioner Gyanesh Kumar, the unprecedented scale of voter deletions under the Special Intensive Revision (SIR), and the government’s increasingly coercive response to public […]

The article Supreme Court Must Act Decisively To Restore Electoral Democracy appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Delhi police detained more than 1,500 people, including prominent youth movement leaders, on Saturday as authorities imposed extensive security restrictions across the capital to prevent a demonstration demanding the resignation of Chief Election Commissioner Gyanesh Kumar.

Cockroach Janta Party (CJP) founder Abhijeet Dipke and senior organisers Saurav Das and Ashutosh Ranka were detained at Indira Gandhi International Airport after arriving from Mumbai. Their detention followed overnight police operations targeting supporters preparing to assemble at Jantar Mantar.

Thousands of police and paramilitary personnel were deployed across New Delhi, with barricades, vehicle inspections, transport restrictions and mobile internet disruptions affecting movement through several districts. Security arrangements extended to railway stations, major intersections and roads leading towards the proposed demonstration.

Police maintained that the gathering had not received official permission and that preventive measures were necessary to protect public order. Organisers accused authorities of attempting to suppress peaceful dissent over disputed revisions to electoral rolls.

The protest, organised under a campaign to safeguard democracy, sought Kumar’s removal following allegations that the Election Commission’s Special Intensive Revision of voter lists had excluded substantial numbers of eligible voters.

The commission has rejected accusations of partisan manipulation, maintaining that electoral roll verification is intended to identify inaccuracies and ensure that voter registers remain accurate. It has also pointed to procedures allowing eligible citizens to challenge exclusions and seek reinstatement.

Police confirmed that detentions occurred across several districts, including areas near transport terminals and Delhi’s borders. The number of people detained increased throughout Saturday as officers intercepted groups attempting to reach central Delhi.

Dipke, Das and Ranka were subsequently taken to separate locations. Dipke was moved towards Gurugram, Ranka to Dwarka and Das to another location within Delhi, according to information emerging after their detention.

The CJP condemned the action against its leadership and maintained that its supporters were exercising their constitutional right to protest. Videos circulated by the organisation showed its leaders confronting officers aboard an aircraft and raising slogans before being escorted away.

The Delhi Police had refused permission for the Jantar Mantar gathering, citing concerns about public safety, traffic disruption and compliance with regulations governing demonstrations. Authorities said previous conduct by organisers had contributed to their assessment of potential risks.

The Union Ministry of Home Affairs had alerted state governments and Union Territories to possible disturbances associated with the planned mobilisation. Its communication called for coordination with Delhi Police, intelligence sharing and preventive action under applicable laws.

Security personnel established checkpoints along major approaches to the capital, while restrictions at metro stations complicated journeys for commuters. Traffic diversions were introduced around sensitive government installations and routes associated with the proposed rally.

Mobile internet services were suspended in parts of central Delhi, adding to disruption caused by transport controls. Railway operations also faced restrictions, with some services delayed or cancelled amid the security arrangements.

Opposition politicians criticised the detentions, arguing that denying permission for the gathering and restricting movement undermined the right to peaceful assembly. Government supporters defended the precautions as necessary to prevent disorder and disruption to essential services.

The controversy centres on the Special Intensive Revision, an electoral verification exercise that opposition parties allege has resulted in the removal of legitimate voters from official lists.

Critics have cited figures suggesting that approximately 130 million electoral entries were affected by revisions, although the circumstances and validity of individual deletions remain contested. The figure does not establish that an equivalent number of eligible citizens were unlawfully disenfranchised.

Opposition parties contend that the exercise could disadvantage particular communities and alter electoral competition. The Election Commission denies political bias and maintains that verification procedures operate within the established electoral framework.

The dispute has sharpened scrutiny of election administration ahead of state assembly contests scheduled for 2027. Opposition representatives have demanded greater transparency concerning deletions, verification procedures and opportunities for affected voters to appeal.

The CJP has attracted support from students, activists and digital campaigners who have questioned the handling of electoral records. Its mobilisation has also drawn participation from opposition groups, although their political affiliations and demands are not identical.

Police deployments included specialised units assigned to crowd management and the protection of sensitive locations. Officers used loudspeakers to warn prospective demonstrators against entering restricted areas without authorisation.

Jantar Mantar, a designated venue for public demonstrations near Parliament, remained under heavy security throughout Saturday. Small groups nevertheless attempted to assemble at scattered locations, prompting further interventions by police personnel.

Authorities also monitored movement around accommodation facilities and transport hubs used by visitors arriving for the demonstration. Additional security checks remained in place at major entry points to central Delhi.

Hurricane Isaias struck Florida’s Gulf Coast with destructive winds and heavy rainfall, leaving hundreds of thousands of homes and businesses without electricity as emergency crews confronted flooding, fallen trees and damaged power lines across the southeastern United States. The hurricane made landfall near Destin in Florida’s Panhandle on Friday as a Category 2 storm, carrying maximum sustained winds of 105 miles per hour, according to the National […]

Arabian Post Staff -Dubai Wall Street is confronting a fresh source of pressure on US government bonds as the extra compensation investors demand for holding longer-term debt climbs to its highest level in more than a decade. The so-called term premium on 10-year Treasury securities has risen by roughly 40 basis points since mid-September to about 0.98%, according to a model maintained by the Federal Reserve Bank […]

China will introduce a new employment initiative to help workers adapt to artificial intelligence, officials announced on Saturday, as Beijing seeks to create jobs while managing technological changes across its economy.

The Ministry of Human Resources and Social Security outlined the initiative during a State Council Information Office briefing, placing workforce development and emerging employment opportunities at the centre of China’s economic priorities for the next five years.

The programme will focus on aligning workers’ skills with changing industrial requirements as artificial intelligence becomes increasingly integrated into manufacturing, services and other sectors. Officials identified technological transformation as an important consideration for employment policy during the 2026–2030 planning period.

The announcement comes as China reported creating 10.52 million urban jobs during the first nine months of 2026, equivalent to 87.7 per cent of its annual employment target. The ministry described overall employment conditions as generally stable despite continuing pressure on the labour market.

China’s surveyed urban unemployment rate averaged 5.2 per cent during the first eight months of the year. Authorities are seeking to maintain employment in labour-intensive industries while developing opportunities in emerging sectors and strengthening recruitment across services.

The government also plans additional measures to expand service-sector employment, coordinating policies across departments to support businesses and improve access to jobs. Services remain a major source of employment, making their continued expansion important for absorbing workers entering the labour market.

The artificial intelligence initiative forms part of a broader employment strategy that emphasises vocational training, occupational mobility and closer coordination between educational institutions and employers. Beijing has identified mismatches between available skills and business requirements as an obstacle to improving employment quality.

Under the government’s five-year employment framework, vocational training programmes will be expanded to help workers acquire competencies demanded by changing industries. Particular attention will be directed towards graduates, migrant workers and people experiencing difficulties securing employment.

The authorities have also committed to improving systems that match jobseekers with vacancies, including the use of artificial intelligence in recruitment services and occupational guidance. These measures are intended to make employment services more responsive to changing business demand.

Separate guidelines issued by four government agencies in June established a framework for applying artificial intelligence across human resources and social security administration. The agencies included the human resources ministry, the National Development and Reform Commission, the Ministry of Industry and Information Technology and the National Data Administration.

Those guidelines envisage using intelligent recruitment systems to identify employers’ requirements, assess applicants’ capabilities and provide personalised career guidance. They also call for improved monitoring of how artificial intelligence affects employment, including the development of assessment mechanisms to identify potential disruption.

The government wants employment services to connect information about vacancies with vocational training, skills assessment and recruitment assistance. Such integration could help workers identify qualifications required for positions emerging from technological transformation.

The initiative arrives alongside broader efforts to accelerate artificial intelligence deployment across China’s economy. Policy guidelines released this week call for stronger technological research, industrial applications and safeguards against risks associated with rapid investment in advanced technologies.

Beijing’s approach combines support for technological innovation with measures intended to prevent speculative investment and improve oversight. Authorities have called for artificial intelligence applications in established industries alongside development of intelligent products and advanced manufacturing capabilities.

Evidence of changing workplace requirements has emerged from research published by the International Labour Organization in September. Its examination of 21 Chinese enterprises across several industries found that every participating company was either deploying artificial intelligence or preparing to introduce it.

A complementary survey involving 1,591 professionals found that 56 per cent regarded artificial intelligence as an inevitable development, while 47 per cent believed the technology would create more jobs than it displaced. The findings also highlighted uncertainty surrounding employment effects.

The research identified productivity improvements in recruitment, customer services and manufacturing, although it noted limitations in measuring results consistently. These findings underline the importance of distinguishing potential employment opportunities from the displacement of existing tasks.

China’s employment authorities are also pursuing digital improvements to social insurance administration. Official figures showed that basic pension insurance covered more than 1.079 billion people at the end of September, while unemployment insurance covered 251 million.

Work-injury insurance covered 327 million people, according to the ministry. The combined balance of the country’s three principal social insurance funds stood at 11.2 trillion yuan at the end of September, providing a financial measure of the existing social protection system.

Advertisements

Arabian Post Staff -Dubai SoftBank Group chief executive Masayoshi Son is seeking up to $100 billion from Gulf investors for a proposed fund that would acquire businesses and transform their operations using artificial intelligence. The fundraising discussions are at an early stage, with senior figures in the United Arab Emirates among those approached. No commitments or final agreements have been announced, and there is no assurance that […]

Greenlogue/AP Khalifa University has completed the main conference programme of the Abu Dhabi Climate Solutions Summit 2026, recording more than 1,000 registrations and accepting over 100 research posters focused on practical responses to climate change. The university said the gathering brought together scientists, policymakers, investors, businesses and young innovators to examine how promising technologies could move beyond laboratories into affordable, commercially viable applications. Five dedicated youth sessions […]

The UAE will participate in the World Bank Group and International Monetary Fund Annual Meetings in Bangkok from 12 to 18 October, with senior financial officials pursuing discussions on global economic stability, development financing and international cooperation.

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, will lead the Ministry of Finance delegation, which is scheduled to attend ministerial discussions, multilateral consultations and bilateral meetings with representatives of participating countries.

The Ministry of Finance announced the participation on Friday, identifying financial resilience, sustainable development funding and stronger institutional partnerships as principal priorities. The meetings come amid mounting concerns over sovereign debt, borrowing costs, geopolitical tensions and uneven economic growth.

Khaled Mohamed Balama, Governor of the Central Bank of the UAE and the country’s governor to the IMF, will separately lead the central bank delegation. Assistant governors and senior officials will participate in discussions covering monetary policy, financial stability and emerging challenges affecting international markets.

Al Hussaini said the annual gathering offered an opportunity to coordinate economic positions and strengthen dialogue among governments and international financial institutions. The UAE would seek partnerships supporting inclusive development while examining financing mechanisms capable of improving economic resilience.

The Ministry of Finance delegation will attend the meeting of finance ministers and central bank governors from the Middle East, North Africa, Afghanistan and Pakistan with IMF Managing Director Kristalina Georgieva. Regional economic developments, financing requirements and financial stability are expected to feature in those discussions.

Its programme also includes the G20 Finance Ministers and Central Bank Governors Meeting, the annual plenary session and consultations involving the International Monetary and Financial Committee, which advises the IMF on the international monetary and financial system.

A separate meeting of Arab governors with World Bank Group President Ajay Banga will provide another forum for discussing development priorities and cooperation with multilateral lenders. UAE officials will also hold bilateral engagements with representatives of partner countries.

The central bank has identified digital transformation, artificial intelligence, financial inclusion and climate resilience among its priorities. Its delegation intends to examine how technological developments can support economic growth while strengthening financial systems against emerging risks.

These discussions will take place against a difficult international economic backdrop. IMF Managing Director Georgieva has warned governments about mounting public debt and the need for credible fiscal policies, particularly as higher borrowing costs constrain spending and investment.

Geopolitical disruptions and pressure on energy markets have added uncertainty to economic forecasts. Policymakers attending the Bangkok meetings will face questions about balancing inflation control, financial stability and growth while addressing the financing needs of developing economies.

The World Bank Group has placed employment, private investment and development opportunities among the central themes of its programme. Scheduled discussions include mobilising private capital for jobs and examining how artificial intelligence can support employment and economic development.

For the UAE, these subjects intersect with its stated priorities of expanding international financial cooperation and supporting development financing. The Ministry of Finance said its delegation would examine opportunities for practical collaboration with governments and international institutions.

Bangkok will also provide the setting for preparations linked to the UAE’s hosting of the institutions’ 2029 Annual Meetings in Abu Dhabi. The World Bank Group and IMF announced that decision in April following approval by their boards of governors.

An official signing ceremony associated with the 2029 hosting arrangements is scheduled during the Bangkok gathering. Abu Dhabi’s selection will bring the meetings back to the UAE after Dubai hosted them in 2003.

The annual meetings bring together finance and development ministers, central bankers, institutional leaders, private sector representatives and civil society organisations. Their principal forums address the world economic outlook, monetary cooperation, development challenges and the operations of the two institutions.

The main venue this year is Bangkok’s Queen Sirikit National Convention Center. The formal plenary session is scheduled for 16 October, while the International Monetary and Financial Committee plenary is scheduled for 17 October.

The UAE programme also includes a reception bringing together banks from the country and their regional and international counterparts. The Ministry of Finance said the gathering was intended to strengthen institutional relationships and create opportunities for financial cooperation.

Other scheduled engagements include discussions with partner governments on bilateral economic relations and possible areas of collaboration. The ministry has not announced individual bilateral agreements or financing commitments ahead of the meetings.

Public sessions will accompany the ministerial programme, including discussions on artificial intelligence, private investment and development. Selected events will be streamed internationally, with interpretation available in several languages, including Arabic.

Introducing Private Funds, Complementing End-to-End Digital Capabilities with Dedicated Offline Wealth Management Service, Creating a Digital Wealth Management Experience That Balances Flexibility with Professionalism

HONG KONG SAR – Media OutReach Newswire – 9 October 2026 – Ping An Digital Bank (International) Limited (“Ping An Digital Bank” / “PingAnDB”) announces its expansion into high-end wealth management, making it the first digital bank in Hong Kong to enter this sector. By introducing private fund products coupled with seamless end-to-end digital capabilities and dedicated offline services, PingAnDB aims to reshape high-end wealth management customer experience. This enables customers to achieve diversified asset allocation and capture global investment opportunities, while enjoying a digital wealth experience defined by flexibility and professionalism.

According to the Securities and Futures Commission’s Asset and Wealth Management Activities Survey 2025, Hong Kong’s asset and wealth management industry accelerated sharply in 2025 to reach a historic high. Total assets under management (AUM) surged 20% year-on-year to HK$42.2 trillion by the end of the year. Within this, the private banking and private wealth management business demonstrated robust momentum, with AUM reaching nearly HK$12.9 trillion—a record high. This strong trajectory underscores the accelerating demand for wealth management solutions in the region. However, traditional high-end wealth management services typically impose high entry thresholds, which may not fully satisfy the needs of all individuals who possess substantial assets and seek global asset allocation or alternative investment opportunities. Ping An Digital Bank precisely addresses this market gap by launching private fund services, combining its fully digital platform and dedicated offline wealth management services to address customers’ demands for global asset allocation and financial management.

Mr. Ronald Iu, Chief Executive of Ping An Digital Bank, said, “Ping An Digital Bank remains committed to being a user-centric digital bank. Since launching our wealth services in March 2026, we have observed strong demand among customers for diversified asset allocation and flexible wealth management solutions.

Furthermore, a recent report indicates that Hong Kong has overtaken Switzerland as the world’s leading cross-boundary wealth management center, which is another reason to expect increasing capital inflows to the city. Capitalising on this momentum, Ping An Digital Bank is introducing private fund products, marking our debut as the first digital bank to step into the high-end wealth management sector. Leveraging our agile digital platform and dedicated offline wealth management services, we are reinventing the high-end wealth management experience to empower customers in optimising their portfolios and achieving their global asset allocation goals.”

Ping An Digital Bank’s wealth management service is designed around user experience at its core, streamlining processes to make the investor journey simpler and more convenient. The Bank collaborates with leading global fund houses, including J.P. Morgan Asset Management and Aberdeen Investments, to offer semi-liquid fund products to customers. Going a step further, the Bank complements its end-to-end digital capabilities with dedicated offline wealth management services. In addition to offline support, the online platform offers analysis tools and trading experiences comparable to online brokerages, ensuring swift and efficient execution to deliver an all-around wealth management ecosystem.

Looking ahead, Ping An Digital Bank will continue to advance its brand vision, “Always with You, Always Ahead,” harnessing financial technology to expand its footprint in high-end wealth management. By combining personalized offline wealth services with the agility of its digital infrastructure, PingAnDB aims to provide customers with comprehensive, flexible asset management solutions, setting a new benchmark for digital wealth management in Hong Kong.

Important Notes
Investment involves risks. Investors should carefully read the offering documents of each product to understand the detailed risk disclosures applicable to the relevant products. The information contained herein is for general reference purposes only and does not constitute, nor should it be regarded as, any investment advice, recommendation, offer, solicitation, inducement, commitment, or guarantee. Private wealth management financial products, including private funds, are not regulated by the Securities and Futures Commission and are offered solely to customers who meet the professional investor requirements under the Securities and Futures (Professional Investor) Rules.

Hashtag: #平安數字銀行 #PingAnDB #財富管理 #WealthManagement

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

Ping An Digital Bank

Ping An Digital Bank (International) Limited (“Ping An Digital Bank,” “PingAnDB”) is a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318). Ping An Digital Bank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer retail banking and business banking services. Backed by Ping An’s advanced technology, Ping An Digital Bank is elevating banking experience, serving customers in Hong Kong and the Greater Bay Area, establishing itself as Ping An Group’s integrated financial platform in Hong Kong.

OpenAI has begun rolling out GPT-6 across ChatGPT subscription tiers, introducing an intelligent interface that combines conversational responses with interactive graphics, charts, calculators and other tools generated directly within conversations. The global expansion, announced on October 7, brings GPT-6 Sol to Plus, Pro, Business and Enterprise subscribers, while Free and Go users begin receiving GPT-6 Luna from October 8. Availability will depend on subscription arrangements, supported applications […]

  • Protection for ageing parents up to age 100 against conditions such as dementia, with maximum entry age at 80* and no medical underwriting required
  • Lifetime protection for the child, covering death, terminal illness, total and permanent disability, with optional crisis care add-ons

SINGAPORE – Media OutReach Newswire – 8 October 2026 – Prudential Singapore (“Prudential”) has launched PRUActive Family Care (PAFC), a whole-of-life protection plan designed for Singaporeans caring for multiple generations. The plan enables caregivers to provide protection for both their child and ageing parents under a single policy.

PAFC provides lifetime protection for the caregiver’s child, as the life assured, covering death, terminal illness, total and permanent disability (TPD). It also offers critical illness add-ons that cover 182 conditions including juvenile conditions and mental illness.

The plan also includes Parent Guard Benefit that provides protection for the caregiver’s ageing parents up to age 100, without the need for medical underwriting. It offers financial and income support when a parent is diagnosed with specified age-related conditions, including Alzheimer’s disease, Dementia, Parkinson’s disease and Progressive Supranuclear Palsy.

Often, older adults may find it challenging to get insurance coverage due to health-related underwriting requirements. By including protection for parents under the caregiver’s policy, PAFC helps families address the protection gap.

The launch of PAFC comes as Singapore has become a super-aged society as the proportion of citizens aged 65 and above was at 21.4 per cent in 2026, an increase from 13.7 per cent in 2016. By 2035, more than one in four citizens is expected to be aged 65 and above1. As such, there will be an increasing number of people taking on caregiving responsibilities.

Mr Manu Tandon, Chief Health & Protection Officer of Prudential Singapore, said: “As Singapore’s population ages and families become smaller, many caregivers in the “sandwiched generation” are caring for their ageing parents while raising their young children. These caregivers can face significant financial and emotional stress as they need to fund their children’s education, meet their parents’ healthcare needs – particularly when ongoing care is required – and save for their own retirement.”

Prudential’s recent research2 also highlights the financial challenges many caregivers face. Nearly three in four Singaporeans (72 per cent) cited financial support as the most important form of assistance for caregivers, yet only 13 per cent believed their household would have enough savings if a caregiver had to stop working to provide care.

Added Mr Tandon: “PRUActive Family Care helps families prepare for rising caregiving demands with protection for both parents and child under one plan, while safeguarding the caregiver’s financial future. Importantly, the Parent Guard Benefit extends protection to the caregiver’s ageing parents without underwriting required, who may otherwise find it difficult to obtain coverage.”

Supporting the Needs of the Multigenerational Families by Protecting Ageing Parents

Reflecting the diverse needs of caregivers, PRUActive Family Care offers flexibility for individuals with or without children. It allows the caregiver (the policyowner) or their child to be the life assured, with the option to enhance the life assured’s coverage by up to five times through the Multiplier Benefit. In addition, the Parent Guard Benefit provides coverage for both parents of the caregiver.

The Parent Guard Benefit offers the following financial and income support3:

  • Diagnosis Support: 20 per cent sum assured (SA) upon parent’s diagnosis of covered conditions (Alzheimer’s disease, Dementia, Parkinson’s disease and Progressive Supranuclear Palsy)
  • Income Support: Up to 5 years upon parent undergoing the first treatment due to the diagnosis of the covered condition
  • Accidental Fracture Hospital Income: Upon parent’s hospitalisation due to an Accidental Bone Fracture, a daily income of $150 will be paid for up to 10 days. This is an additional benefit that does not reduce the Parent Guard Sum Assured (SA).
  • Family Support: Up to 8 per cent of SA upon parent’s death

Up to two parents can be included in the plan, with entry up to age 80* and coverage to age 100. Benefits are payable for eligible diagnoses in any of 13 recognised countries**.

Supporting Recovery and Rehabilitation

Beyond financial protection, PAFC is a holistic plan that provides value-added service to support recovery long after treatment or hospitalisation. The caregiver (policyholder), his/her child and parents, can tap on the recovery and rehabilitation services including physiotherapy, chiropractic care, osteopathy and traditional Chinese medicine, and home care and medical services.

For more information on PRUActive Family Care, including full product terms, eligibility criteria and exclusions, please visit https://www.prudential.com.sg/pruactive-family-care

Additional notes:

  • With ageing, the risk of developing health conditions increases. In Singapore, an estimated 72,000 people were living with dementia in 2023, and the Ministry of Health projects this figure could rise to 135,000 by 2030 (Source: Ministry of Health Parliamentary QA, 4 November 2025)
  • This protection is especially relevant as about 90 to 100 new cases of childhood cancer are detected each year in Singapore among children under the age of 15 (Source: Singhealth website, 5 October 2026)
  • 1 in 3 adolescents aged 10–18 experience symptoms of anxiety, depression and loneliness (Source: Youth Epidemiology and Resilience (YEAR) Study, National University of Singapore, 2024)

* Based on age next birthday (ANB)

** Diagnosis must be provided by a registered medical practitioner in one of the following: Singapore, Australia, Brunei Darussalam, Canada, China (limited to class 3 hospitals in designated cities), Hong Kong, Macau, Malaysia, New Zealand, Taiwan, United Arab Emirates (Abu Dhabi and Dubai), United Kingdom, United States

Hashtag: #Prudential




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

About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)

Prudential Assurance Company Singapore (Pte) Ltd is one of the top life and health insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 95 years. As at 31 December 2025, it has S$66.3 billion funds under management. The company has an AA Financial Strength Rating from leading credit rating agency Standard & Poor’s and delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of 5,400 financial representatives.

Dubai’s residential property market has recorded a sharp decline in transactions as the Middle East war dampens demand, while moderate price corrections have emerged in several segments, S&P Global Ratings said. The credit ratings agency warned that continuing regional instability, combined with substantial housing deliveries scheduled for 2027 and 2028, could intensify downward pressure on prices, particularly apartments purchased primarily for investment. S&P Global Ratings credit analyst […]

The Netherlands’ Tax and Customs Administration has abandoned its planned migration to Microsoft 365 cloud services, opting instead for government-controlled servers and European open-source software following concerns over data security, digital sovereignty and dependence on foreign technology providers. State Secretary for Finance Eelco Eerenberg confirmed the policy reversal in a letter to parliament, outlining a phased replacement programme covering the tax authority, Dutch Customs and the Benefits […]

Microsoft has opened pre-orders for its Surface Laptop Ultra, pricing the Nvidia-powered Windows computer from $2,599.99 and positioning it as a premium device capable of running large artificial intelligence models without relying on cloud servers. The company confirmed the pricing and October 16 availability at its October 7 technology event in San Francisco, where Microsoft and Nvidia outlined their partnership to bring advanced AI processing into portable […]

Litmus chief executive Vatsal Shah has warned that efforts to connect artificial intelligence systems with industrial control networks could trigger a major cyber incident within two years, as manufacturers accelerate automation without adequately securing critical infrastructure. Shah described an internal one-dollar wager predicting a serious cybersecurity breach involving supervisory control and data acquisition systems within the next 12 to 24 months. His warning centres on network access, […]

Rated AAA on the China national scale by Lianhe and recently ranked 398th on Forbes Global 2000, up from 1007th in 2022 · Milestone marked by a gong ceremony at the Connect Hall, Hong Kong Stock Exchange, on 30 June 2026

BUDAPEST, HUNGARY and HONG KONG SAR – Media OutReach Newswire – 30 June 2026 – OTP Bank Plc. (“OTP Bank” or “OTP”), the leading banking group in Central and Eastern Europe (CEE), today marked the establishment of its EUR 7 billion Euro Medium Term Note (EMTN) programme on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange” or “HKEX”) with a commemorative gong ceremony at the Connect Hall, Hong Kong Stock Exchange. OTP is the first European Union financial institution to open an EMTN programme on the exchange.

Official OTP Bank Gong Ceremony
Official OTP Bank Gong Ceremony

The EUR 7 billion programme was established on the Hong Kong Stock Exchange on 28 May 2026, following approval of its base prospectus by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) on 27 May 2026, allowing the issuer to raise debt in multiple tranches, currencies, structures and maturities over time. For OTP – which holds an AAA issuer rating on the China national scale from Lianhe Ratings, the highest available – it establishes a permanent platform for trading with certain OTP bonds, and later for raising capital from Asian institutional investors.

On 16 June 2026, OTP priced the programme’s inaugural issuance: a EUR 1 billion Tier 2 note, listed in Hong Kong and Luxembourg. It is OTP’s largest-ever bond transaction and, as at the issue date, the largest euro-denominated Tier 2 note issued by a bank in the CEE and wider CEMEA region. The offering drew a peak order book of EUR 4.1 billion – the largest in OTP’s history – and priced at a coupon of 4.625%.

The listing builds on OTP’s growing presence in Asian capital markets. In 2025 OTP issued its first Dim Sum green bond, raising CNH 900 million and becoming the first Hungarian institution to issue a public offshore renminbi green bond, following a CNY 300 million bond in 2024. The Bank has operated a representative office in Beijing since 2017, became a full member of the Asian Financial Cooperation Association (AFCA) in 2024, and maintains a strategic partnership with the Industrial and Commercial Bank of China (ICBC).

Sándor Pataki, Director of Investor Relations and Capital Markets Operations of OTP Bank, said: “Listing our EMTN programme in Hong Kong is a clear demonstration of OTP Bank’s long-term vision and strategic commitment to international capital markets. Hong Kong excels itself as one of the world’s leading international financial centres, serving as a vital bridge between East and West. For OTP Bank, this is not only an opportunity to access liquidity, but also to deepen relationships and build lasting trust with investors in this dynamic region. The demand we have seen for OTP’s credit, including the record order book for our inaugural issue off the programme, reflects the growing interest in high-quality European issuers.”

As Asian investors increasingly look to Europe to diversify their portfolios, Central and Eastern Europe offers a distinctive proposition: emerging-market growth rates combined with the low-risk profile of the European Union. The region’s attractiveness is reinforced by its convergence towards the eurozone. Three of the five countries in which OTP is the market leader sit at the heart of Europe’s euro-convergence story – Bulgaria, which adopted the euro on 1 January 2026, Slovenia, which adopted the euro years ago, and Hungary, OTP’s flagship market, where the recently elected government aims to create the conditions for euro adoption around 2030.

OTP combines what rarely comes together in European banking: high growth, strong profitability and an ultraconservative balance sheet built for resilience. OTP Group is one of the largest and fastest-growing banking groups in the region, recently ranked 398th on the Forbes Global 2000 list, up from 1007th place in 2022. It pairs an annual organic loan growth of around 15% with a disciplined acquisition record and high profitability – a 2025 return on equity of 21.6% – and with an ultraconservative balance sheet: a leverage ratio well above its European peers, strong capital and liquidity, and one of the most resilient outcomes in the European Banking Authority’s latest stress test. In 2023, OTP became the first European bank to enter Uzbekistan, bringing the total population across OTP’s markets to 110 million.

Sándor Pataki, Director of Investor Relations and Capital Markets Operations of OTP Bank, added: “We believe the combination of growth, profitability and stability is what makes OTP an attractive name for fixed-income investors. This is also reflected in our recent ranking among the world’s top 500 companies by Forbes.These achievements are the result of a consistent strategy: prudent growth, diversified funding sources, and a strong focus on long-term partnerships. Over the decades, OTP Bank has built a solid track record in international debt capital markets, and today’s milestones further strengthen that foundation. Looking ahead, we see significant opportunities to deepen our engagement with Asian investors and institutions. We are confident that this listing will serve as a cornerstone for long-term cooperation, mutual growth, and shared success.”
Hashtag: #OTPBank #Banking #Finance #HongKong #Hungary




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

OTP Bank

OTP Group provides universal financial services to 17.5 million customers across 11 countries in Central and Eastern Europe and Central Asia, with 40,000 employees and total assets of USD 138 billion. OTP has ranked No. 1 in Central and Eastern Europe by Tier 1 capital in The Banker’s Top 100 CEE Banks for three consecutive years (2023-2025); it was named the second best-performing bank in Europe by S&P Global Market Intelligence and the Best Bank in Central and Eastern Europe by Global Finance. The Group has risen to 398th on the Forbes Global 2000 in 2026 (from 1007th in 2022). OTP Bank has been listed on the Budapest Stock Exchange since 1995. The Bank holds an AAA issuer rating on the China national scale from Lianhe and is rated BBB by S&P.

Nepal has formally ended its search and rescue operation for victims of the August 26 flash floods, leaving 5,285 people officially unaccounted for as authorities shift resources towards rehabilitation and reconstruction. The decision, taken this week after about 40 days of searching, has divided families still waiting for news of relatives swept away when floodwaters tore through the Bhotekoshi-Trishuli river system. At least 1,455 people have been […]

HeyPolo has expanded its family safety app with driving features that let parents view a teenager’s driving behaviour, receive crash alerts and track journeys while giving the driver control over what data is shared. The app now combines a Driving Safety Score with information on speeding, phone use, harsh braking, rapid acceleration and cornering. Trip playback, real-time location sharing and arrival alerts are also available within the […]

Ernst & Young has notified clients linked to Goldman Sachs’ wealth management business and hedge fund Man Group that personal and financial information was compromised through a technology platform used to support EY’s tax services. The disclosures broaden the known impact of a cyber incident first reported to US regulators in July. Affected information included names, addresses, tax identifiers, email addresses and financial details connected with investment […]

The Solana Foundation has introduced an open-source delivery-versus-payment program designed to let financial institutions settle tokenised assets and payments together in a single atomic transaction on the Solana blockchain. Solana DvP, announced on October 6, provides a standard escrow framework and application programming interface intended to replace bespoke smart contracts that institutions have needed for onchain settlements. The program is released under the MIT licence and has […]

BlockTower Capital founder Ari Paul has accused Coinbase of failing to return about $25 million belonging to his firm, while alleging that similar security breaches affected at least a dozen institutions and involved more than $1 billion. Paul, BlockTower’s founder and chief investment officer, made the claims in a social-media post on September 28, saying the loss occurred “a couple years ago”. He alleged that what initially […]

Cyber attackers are embedding concealed instructions for artificial intelligence assistants inside phishing emails, creating messages designed to deceive both human recipients and the AI systems that read, summarise or act on their inboxes. Barracuda Research said on Wednesday it had analysed a phishing campaign combining conventional social engineering with hidden prompt injections. The finding illustrates how attackers are adapting email fraud to workplaces where AI assistants increasingly […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA