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The seed round scales mamun’s capital infrastructure for trade finance along the Greater Bay Area – Oman – UAE corridor — anchored in Muscat, Abu Dhabi and Hong Kong SAR.

MUSCAT, ABU DHABI/HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – mamun, the Sharia-compliant platform building capital infrastructure for trade finance, has raised a US$3 million seed round led by Phaze Ventures through its Oman Fund, with participation from Jasoor Ventures.

An exporter in Muscat ships today and gets paid in 60 to 90 days. Banks rarely bridge that gap, as they usually rely on a long financial track record that many small exporters find hard to provide. The Asian Development Bank puts the global trade finance gap at US$2.5 trillion, and 41% of SME trade finance applications are turned down.

mamun’s AI-native underwriting assesses the company behind the trade, alongside the shipment itself: the contract, the buyer, the trade documents and the trading history between them. Its origination engine finds and screens that trade as it forms. Then investors on the platform finance the gap.

The hard part is the border. A cross-border transaction spans two regulators, two banking systems and two legal regimes, with settlement that has to land in another jurisdiction on time, and the collateral is in motion, travelling with the goods along the route.

That complexity is why most of the region’s financing platforms have stayed domestic, and it is mamun’s moat. The platform was built across the corridor: an FSA-regulated home and origination base in Muscat; Abu Dhabi for Gulf capital and UAE flows; and Hong Kong SAR, the financing gateway of the Belt and Road Initiative, for the Greater Bay Area and the Gulf–Asia trade routes.

Roughly 40% of the platform’s trade finance settlements already clear through Hong Kong-based financial institutions and businesses.

mamun’s licence sits within the FSA’s crowdfunding framework, which allows the platform to bring in investors from inside and outside the Sultanate, and to finance companies inside and outside the Sultanate, subject to the platform’s eligibility criteria and the laws applicable in each investor’s country.

The corridor is growing. Oman’s non-oil exports ran about 10% higher year-on-year through the first seven months of 2026 and re-exports 13.6% higher, with the UAE its largest non-oil trading partner. New corridors bring new counterparties: businesses trading together for the first time, with no shared history for a lender to underwrite against.

The round brings together capital from Oman and the UAE: Phaze Ventures invests through its Oman Fund, dedicated to homegrown, AI-enabled Omani businesses, and Jasoor Ventures is an early-stage venture capital firm backing technology founders across the Middle East, North Africa, and Turkey.

The US$3 million will scale that AI-native origination and underwriting, growing the volume of trade the platform can originate, assess and finance along the Greater Bay Area – Oman – UAE corridor. It is where the industry is heading: 84% of banks in the Asian Development Bank’s January 2026 survey already apply AI to trade finance risk. mamun was built that way from origination onward.

mamun was founded by Saleh Al Tamami, Co-Founder & CEO, Mohammed Al Tamami, Co-Founder & Chief Commercial Officer, and Ahmed Al-Issaei, Co-Founder & CTO, and was named a Rising Star on the Deloitte Technology Fast 50 Middle East 2025, ranking 26th.

This announcement is for information only and does not constitute an offer or invitation to invest. mamun is not licensed by the Securities and Futures Commission of Hong Kong (SFC).

Hashtag: #mamun

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

ABOUT mamun

mamun builds capital infrastructure for trade finance. The platform is Sharia-compliant, licensed and regulated by the Financial Services Authority of Oman (FSA Licence CMI051). This licence covers the Omani entity only. The group also has entities in Abu Dhabi and Hong Kong SAR. It connects businesses and investors to finance cross-border trade — exports, imports and the working capital that moves goods between markets.

ABOUT PHAZE VENTURES

Founded in 2018, Phaze Ventures is Oman’s oldest private venture capital firm. Headquartered in Oman, with a presence in Saudi Arabia and the UAE, it backs early-stage AI and deeptech companies globally and homegrown technology businesses through the Oman Fund.

ABOUT JASOOR VENTURES

Jasoor Ventures, meaning “courageous” in Arabic, is an ADGM-based venture capital firm, investing across the Middle East, North Africa, and Turkey.

Building on the firm’s deep-rooted expertise in semiconductors and deep technology, Ondine Capital Fund III will invest across the full AI value chain—spanning AI foundation models, next-generation semiconductors, AI infrastructure, AI-native software, and physical AI applications.

Ondine Capital Fund III’s early portfolio highlights include:

• Recursive Superintelligence: Founded by former Salesforce Chief Scientist Richard Socher and built by veteran researchers from OpenAI, Google, and Meta, the startup focuses on recursive self-improving AI systems. It recently raised $650 million at a $4 billion pre-money valuation led by Google Ventures, with participation from Nvidia and AMD.
• Bot Auto: Founded by Xiaodi Hou (former co-founder and CTO of TuSimple), this Houston-based physical AI startup specializes in autonomous freight transportation. Bot Auto recently partnered with Ryan Transportation to launch driverless freight operations along the Houston-Dallas corridor.
• Salience Labs: Founded by Vaysh Kewada and Johannes Feldmann, the company develops silicon-photonics optical switching technology for AI data centers. Partnering with Tower Semiconductor, Salience Labs recently closed a $125 million financing round led by Bullhound Capital, with strategic backing from AMD Ventures and Intel Capital.

Partner Appointment to Boost Global Ecosystem

Coinciding with the first close, Ondine Capital announced the appointment of Brian Yen as Partner, reinforcing the firm’s global sourcing and founder network.

Prior to joining Ondine Capital, Brian Yen served as Principal and Head of the Taipei Office at Headline Asia, where he cultivated an extensive network across Japan, Taiwan, and Southeast Asia. His investment track record spans consumer technologies, agentic services, and physical AI, with notable investments including respond.io, forest inc., Braid, and iMotorbike. At Ondine Capital, Brian Yen will focus on backing early-stage founders building intelligent software and physical AI platforms.

“The convergence of AI and semiconductors is unleashing unprecedented opportunities across global tech,” said Brian Yen. “As these technologies mature, we anticipate monumental value creation throughout the entire stack. Through Fund III, we look forward to empowering visionary founders who are shaping the future of computing and industry applications.”

Ondine Capital continues to actively deploy capital and evaluate global investment opportunities in breakthrough, category-defining companies across the AI and semiconductor landscape.

Hashtag: #OndineCapital #RSI #BotAuto #SalienceLabs

https://www.ondinecap.com/

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

About Ondine Capital

Ondine Capital is a premier venture capital firm focused on frontier technologies, including semiconductors, artificial intelligence, enterprise software, clean energy, and emerging technology platforms. The firm backs visionary founders from inception, providing strategic support and access to a robust global network of industrial partners, investors, and entrepreneurs.

Now in its 12th edition, the TripZilla Excellence Awards honours outstanding travel brands, destinations and organisations for their achievements and contributions to the travel industry. The awards celebrate those who continue to raise the bar and create meaningful experiences for travellers.

As a public-voted award, this recognition speaks to the trust that travellers in Singapore have placed in Allianz to protect their journeys. Designed for frequent travellers, Allianz Travel Protect’s Annual Multi-Trip plan provides coverage for unlimited trips throughout the year, with up to 90 days of protection per journey. Alongside comprehensive medical and trip disruption benefits, the plan also includes features such as rental car excess protection, frequent flyer miles protection, TCM treatment and sports coverage. Available in Silver, Gold and Platinum tiers, with Individual and Family options, Allianz Travel Protect is designed to give travellers greater confidence and peace of mind wherever their journeys take them.

“Being chosen by travellers themselves makes this award especially meaningful to us. Every vote represents someone who has placed their trust in Allianz, and that is something we never take for granted. As travel continues to evolve, we remain focused on delivering protection that is comprehensive, reliable and designed around the needs of today’s travellers,” said Ong Bi Ying, Chief Executive Officer of Allianz Insurance Singapore.

For more information about Allianz Travel Protect, visit https://www.allianz.sg/individual-solutions/allianz-travel-protect.html.

Coverage is subject to the terms, conditions, and exclusions of the Allianz Travel Protect policy. Please refer to the Policy Wording for full details. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). This advertisement has not been reviewed by the Monetary Authority of Singapore.
Hashtag: #Allianz #AllianzInsuranceSingapore

https://www.allianz.sg/
https://www.linkedin.com/company/allianzinsuressg/
https://www.facebook.com/allianzsg
https://www.instagram.com/allianz.sg/

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

About Allianz Insurance Singapore Pte. Ltd.

At Allianz Insurance Singapore, we aim to secure the future and create a positive impact on society and the environment by leveraging our expertise in risk management. As we work toward strengthening our position as one of Singapore’s leading risk solutions providers, we deliver innovative and customer‑focused protection solutions for individuals, SMEs, and mid‑corporate clients – spanning Motor, Home Content, Travel, Personal Accident, Cancer, Hospital Income, and a comprehensive suite of commercial insurance offerings.

The latest partnership introduces limited-edition designs and curated experiences this festive season, bringing a new spirit of celebration to the region

HONG KONG SAR – Media OutReach Newswire – 2 November 2026 – Carlsberg Asia today announced the next chapter of 1664’spartnership with CLOT, launching the festive campaign “Make Celebrations Extraordinary” across the Chinese Mainland, Singapore, Malaysia and Vietnam from November 2026 through February 2027.

Building on the partnership’s successful debut Hong Kong last year, 1664, the world’s No. 1* French beer brand, and CLOT, the pioneering fashion label founded by Edison Chen, are expanding the East-Meets-French story to a wider audience. The partnership introduces limited-edition 1664 x CLOT beer cans and exclusive merchandise, alongside a series of curated experiences that bring Asia a new way to celebrate across cultures and occasions.

Arindam Varanasi, Commercial Vice President, Carlsberg Asia, said: “The success of our first collaboration with CLOT proved that when 1664 shows up in culture, consumers respond. This year, we are expanding the partnership into the Chinese Mainland which is our largest market — a further step in strengthening our premium portfolio in Asia. By fusing CLOT’s dynamic energy with 1664’s French heritage, we are bringing our ‘unquestionably good taste’ spirit to life and redefining celebration across the region.”

Make Celebrations Extraordinary: From Design to Moments

At the heart of the campaign is CLOT’s signature Silk Royale pattern, a motif inspired by the elegance of Chinese silk, its intricate geometric lines referencing luxurious jacquard with a modern edge. For this collaboration, the pattern is reimagined in vibrant festive hues, flowing across 1664’s iconic blue-and-white design in a visual dialogue between Asian tradition and French audacity.

Anchored by 1664’s signature cocarde, a nod to the brand’s French heritage and brewing craftsmanship, the 1664 x CLOT design motifs commemorate this special time of year. Exclusively for this collaboration, the CLOT’s iconic Silk Royale pattern is reimagined in a vibrant, multi-coloured treatment. Illuminated by neon-inspired outlines, the design evokes the glow and vibrant energy of Asia in blues, reds and yellows accented by firework patterns, capturing the uplifting moment when celebrations come alive with 1664.

The interplay between CLOT’s richly coloured patterns and 1664’s clean red, white and blue palette creates a contemporary elegance that captures the spirit of celebration in style, where East meets French and tradition meets modernity.

Beyond the beer cans, the 1664 x CLOT design motifs extend to a range of exclusive merchandise. The key highlight is a bespoke apparel collection curated by CLOT for the campaign, including T-shirts, socks and caps, each piece infused with festive vibrancy and the collaboration’s East-meets-French spirit, bringing the partnership to life beyond the taste and into the moments people share.

The 1664 x CLOT limited-edition products are available from November 2026 through February 2027 in selected supermarkets, bars, restaurants and online across Chinese Mainland, Singapore, Malaysia and Vietnam. A series of on-the-ground activations and market-exclusive premiums will also be rolled out throughout the season, inviting consumers to immerse themselves in festive experiences that make their celebrations extraordinary. For more information, please visit https://www.1664blanc.com/.

*GlobalData 2025 research for 2023, based on actual volume sales data in The Hectolitres.

Hashtag: #CarlsbergAsia

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

About Carlsberg

Established in 1847 by brewer J.C. Jacobsen, the Carlsberg Group is one of the leading brewery groups in the world, with an attractive portfolio of beer and other beverage brands. With over 37.000 employees, and with a presence in more than 150 markets, the Group has a purpose of brewing for a better today and tomorrow. Doing business responsibly and sustainably supports that purpose – and drives the efforts to deliver value for shareholders and society.

Carlsberg Asia is a dynamic and diverse region comprising of 8 operating markets: Cambodia, China, Hong Kong S.A.R. (Macau and Taiwan), Laos, Malaysia, Myanmar, Singapore and Vietnam. Altogether we have 35 breweries in operation and some 13,000 employees spreading across the Asian markets. The Asia Regional Office is based in Hong Kong.

About 1664

1664, the world’s No.1 French beer brand with a rich heritage spanning over 350 years, epitomizes timeless yet playful elegance. Our brew is distinguished by its lively and refreshing taste profile, with signature citrus notes that deliver impeccable taste in every sip. Inspired by art, design and the French appreciation of life, 1664 elevates everyday moments, turning the ordinary into the extraordinary.​

About CLOT^®
First established in 2003, CLOT is a pioneering streetwear label and the brainchild of Edison Chen. Conceived from the desire to bridge East and West through thoughtfully-designed apparel and goods, the brand takes its Chinese roots to a worldwide stage, modernizing, reinterpreting, and splices motifs from traditional Chinese culture with bold graphics, exaggerated silhouettes, and a dynamic energy reflective of the new youth of Asia. CLOT has since partnered with the likes of adidas, Bang & Olufsen, Coca-Cola, fragment design, Medicom Toy, Nike, Rimowa, Supreme, Stüssy, sacai and visvim to create sold-out collaborations, solidifying its international presence in the process.

CLOT’s vision for a borderless culture of streetwear is further manifested in JUICE, a fashion and lifestyle retailer that expresses an all-encompassing aesthetic through its curation of apparel, home goods, and more. Located in major cities around the world, JUICE can be found in Hong Kong, Shanghai, Taipei, Taichung, and online.

By Tirthankar Mitra KOLKATA: Except during at poll rallies leaders from West Bengal and away from it do not voice what was said about it when it led the rest of the country -What Bengal thinks today, India thinks tomorrow. But it is the other way around if the spirit of chief minister Suvendu Adhikari […]

The article BJP Govt In Bengal Bars New Recruits In State Aided Schools From Direct Politics appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Introduced at Hong Kong FinTech Week, KY-AI™ brings a structured approach to AI oversight, aligned with the accountability, resilience and trust principles of the HKMA’s ART Framework.

HONG KONG SAR – Media OutReach Newswire – 2 November 2026 – iCOMPASS, the developer of ULTRA™, an AI-powered Compliance Operating System, today introduced KY-AI™ (Know Your Artificial Intelligence) to the Hong Kong market at Hong Kong FinTech Week 2026. The announcement follows the Hong Kong Monetary Authority’s (HKMA) introduction of its ART Framework on 15 October, sharpening attention on how banks establish accountability, operational resilience and trust as artificial intelligence becomes more autonomous.

Financial institutions are moving beyond AI experiments towards tools that analyse sensitive data, recommend decisions and increasingly act across connected systems. Yet a basic governance question remains: can an institution identify where AI is operating, what it is permitted to do, who is accountable and whether its behaviour remains acceptable over time?

KY-AI™ turns these questions into a continuous, evidence-based governance process. Built around its Know–Approve–Test–Watch lifecycle, the solution enables financial institutions to identify and understand the AI systems they use, including third-party tools, assess their risks and potential impact, establish clear ownership and accountability, and ensure appropriate approvals and ongoing monitoring are in place.

As AI systems evolve, KY-AI™ enables institutions to track material changes, detect emerging risks and intervene when necessary. This transforms AI oversight from a one-time assessment into a continuous, evidence–based governance process that strengthens accountability and builds lasting trust in AI outcomes.

“The question is no longer simply whether a financial institution uses AI, but whether management truly understands what each AI system does, the risks involved, who is accountable and when intervention is needed,” said Raymond Moh, CEO of iCOMPASS. “With KY-AI™, we are applying the same discipline of knowing your customer to knowing your artificial intelligence. By making AI oversight an ongoing, documented process rather than a one-off exercise, we help financial institutions build greater confidence and trust in how AI is used and the outcomes it delivers.”

The introduction builds on iCOMPASS’ 6-in-1 ULTRA KYC™ solution, which brings onboarding & identity verification, screening, customer due diligence, risk assessment, ongoing monitoring and change management into a connected, evidence-linked AML/KYC workflow. Having focused on making customer-risk decisions traceable, iCOMPASS is extending the same emphasis on clear ownership, documented decisions and lifecycle monitoring to AI governance.

Alongside the KY-AI™ introduction, iCOMPASS is collaborating with Cambridge Advisers Hong Kong under a Memorandum of Understanding to deliver digital compliance training through UltraLearn™. Cambridge Advisers Hong Kong provides regulatory training content while iCOMPASS supplies the learning platform powered by AI, including training records, assessments, reminders and CPT tracking. Courses cover areas including AML, cybersecurity, data protection and professional conduct.

iCOMPASS serves more than 100 financial institutions across the region and holds ISO/IEC 27001:2022 certification and a SOC 2 Type II attestation covering all five Trust Services Criteria.

Meet iCOMPASS at Hong Kong FinTech Week 2026, 2–3 November, Hall 5BC, Hong Kong Convention and Exhibition Centre.

Hashtag: #iCOMPASS

https://www.icompass.ai/
https://www.linkedin.com/company/i-compass/

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

About iCOMPASS Limited

iCOMPASS Limited is an award-winning RegTech company transforming how financial institutions manage regulatory compliance through artificial intelligence. With ISO/IEC 27001 certification and SOC 2 Type II attestation, iCOMPASS combines technological innovation with rigorous security standards to deliver intelligent, secure and scalable compliance solutions.

At the heart of its innovation is ULTRA™, an AI-powered Compliance Operating System that brings together regulatory intelligence, policy governance, end-to-end 6-in-1 AML/KYC lifecycle management, compliance training and AI risk management. By connecting traditionally fragmented processes into a unified, intelligent platform, ULTRA™ helps institutions reduce manual work, strengthen accountability and turn regulatory obligations into demonstrable compliance outcomes.

The 2026 REACH Reggio Emilia Conference will position Singapore as a regional hub for early childhood excellence, bringing together global thinking, regional best practice and leaders from across the education ecosystem.

SINGAPORE – Media OutReach Newswire – 2 November 2026 – EtonHouse and E-Bridge will deepen their ongoing collaboration with Reggio Children through a new partnership focused on professional learning in infant care and early childhood education. The partnership will deepen this work through regular professional dialogue, research projects and professional learning, connected with Reggio Children and the experience of the infant-toddler centres and pre-schools of Reggio Emilia.

Dates: 30–31 October 2026
Venue: METT Singapore, 11 Canning Walk, Singapore 178881
Guest of Honour: Senior Minister of State Goh Pei Ming, Ministry of Home Affairs and Ministry of Social and Family Development
Languages: English, Italian and Mandarin
Conference information: https://info.reach.edu.sg/2026-reach-conference
Hashtag: #REACH #ReggioEmilia #EarlyChildhoodEducation

https://www.reach.edu.sg

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

About REACH-Reggio Emilia in Asia for Children

Founded in 2013 by EtonHouse International Education Group, REACH is a proud member of the Reggio Children International Network and represents Reggio Children in Singapore and China. REACH is committed to innovation, collaboration, and dialogue among educators across Asia while protecting and advocating the Reggio Emilia Approach to Education. Through international conferences, professional development programmes, publications, webinars, study groups etc, REACH advocates for children’s rights and potential, celebrating their ‘100 languages’ of expression.

As a beacon of the Reggio Emilia philosophy in Asia, REACH is committed to transformative education practices that value lifelong learning, reflective practice, and contextual change. It invites educators to join in its journey of growth, innovation, and advocacy for children’s rights in early childhood education.

www.reach.edu.sg

About EtonHouse International Education Group

Founded in 1995 in Singapore, EtonHouse has grown into a global education group with more than 100 schools across eight countries. The Group offers a highly recognised international education pathway from infant care to high school, including the International Baccalaureate, Cambridge, and the Reggio Emilia-inspired approach, all designed to nurture inquiry, creativity, and intercultural understanding. In Singapore, EtonHouse also operates E-Bridge Pre-School, providing high-quality and affordable early childhood education to support local communities. Beyond schools, EtonHouse is deeply committed to community impact through teacher training, philanthropy, and purpose-driven educational initiatives.

www.etonhouse.com.sg

About the Embassy of Italy in Singapore

The Embassy of Italy in Singapore represents Italy in Singapore and Brunei and supports relations across government, business, culture, education, science and innovation. It promotes Italian excellence while facilitating dialogue and collaboration between Italian and Singaporean institutions, companies and communities.

Italy and Singapore enjoy longstanding diplomatic relations, established shortly after Singapore’s independence in 1965. The Embassy continues to support exchanges that strengthen mutual understanding and deepen cooperation between the two countries.

About Reggio Children

Reggio Children – International Center for the Defence and Promotion of the Rights and Potential of All Children – starting from 1994, promotes and disseminates through professional development initiatives, research projects, consulting work in the educational field, ateliers, exhibitions and publishing the pedagogical and cultural heritage of Reggio Emilia’s Municipal Infant-Toddler Centres and Preschools, known in Italy and throughout the world as the Reggio Emilia Approach®.

The Reggio Children International Network was established in 2006 and is made up of references in the countries which have collaborated longest and in stable ways with Reggio Children on the realisation of initiatives and activities.

www.reggiochildren.it

Ridger Delivers MUX Private AI Deployment to Shum Wong & Co., Solicitors in Hong Kong

SINGAPORE – Media OutReach Newswire – 30 October 2026 – Ridger, an AI infrastructure company, today announced the official delivery of its MUX private AI solution to Shum Wong & Co., Solicitors in Hong Kong. The solution features MIMO, the world’s first AI-native storage system, making Shum Wong & Co., Solicitors the first law firm in Hong Kong Northern Metropolis to deploy it.

Representatives from Ridger, Shum Wong & Co., Solicitors, xFusion, and Fadada’s RicheeAI team attended the delivery ceremony. During the event, Ridger presented the firm with the “Global AI Pioneer Law Firm” certificate in recognition of its forward-looking investment in private AI infrastructure.

The solution brings together AI-native storage and compute infrastructure, a dedicated large language model (LLM) environment, and AI applications tailored to legal workflows. Operating entirely within the firm’s own security perimeter, it marks a significant step toward enabling Hong Kong’s legal profession to harness the productivity of generative AI while safeguarding client data and meeting compliance requirements.

About the Deployment

In space-constrained Hong Kong, Ms. Careen H.Y. Wong, Founding Partner of Shum Wong & Co., Solicitors and Vice President of The Law Society of Hong Kong, set aside room in the Firm’s latest office in the Northern Metropolis for a standard equipment rack, ready for on-premise AI. It is more than a space decision: it reflects her view of the future of legal services—that while harnessing AI to improve efficiency, a firm must retain control of its data and technology boundaries, so that sensitive materials are always properly protected.

Under the engagement, Ridger built a privately owned, independently operable AI foundation for Shum Wong & Co., Solicitors, comprising high-performance storage and data infrastructure optimized for AI workloads, together with a dedicated LLM platform over which the client retains full control of model weights and the inference environment. The platform supports use cases including contract review and risk flagging, legal research and case-law retrieval, large-scale document review in due diligence, drafting and multilingual translation of legal documents, and internal Knowledge Base question answering. It also provides role-based access control, tiered permissions, comprehensive audit trails and content provenance to meet enterprise-grade governance requirements.

Called MUX, the private solution lets the firm begin with no barrier and without capital-intensive build-out or a dedicated server room, scaling on demand; it natively supports Hong Kong’s common law system and integrates seamlessly with existing systems such as email, document management and calendar, embedding AI into lawyers’ daily work. MUX can be ordered directly through Ridger’s website (https://ridger.tech), out of the box.

The delivery reflects the collaboration of legal expertise, AI infrastructure, compute platforms and industry applications: Shum Wong & Co., Solicitors defined the requirements for data confidentiality and on-premise deployment from its actual practice; Ridger provided the end-to-end MUX solution and led its design and integration; xFusion supplied the FusionXpark local AI compute platform and technical support; and Fadada provided the Richee Legal AI Agent Platform, leveraging specialized AI agents and skills to support lawyers in their daily work and improve workflow efficiency. Ridger notes that while an AI model determines capability for a moment, AI infrastructure determines long-term competitiveness.

Why Private AI Matters for the Legal Sector

1. Safeguarding client confidentiality and legal professional privilege

Client materials, transaction documents and dispute information handled by law firms are protected by legal professional privilege (LPP) and strict professional duties of confidentiality. Disclosure to third parties—including public cloud services—may be treated as a waiver of privilege, causing it to be lost and the materials to become disclosable in subsequent proceedings. Private deployment keeps storage, processing and inference entirely within the firm’s own environment, with no disclosure to external providers, preserving privilege and confidentiality at source.

2. Embedding data sovereignty and regulatory compliance

The solution aligns with Hong Kong’s Personal Data (Privacy) Ordinance (Cap. 486) and is designed with reference to the Privacy Commissioner’s “Checklist on Guidelines for the Use of Generative AI by Employees” and the “Model Framework on AI: Personal Data Protection,” as well as The Law Society of Hong Kong’s 2024 position paper on the impact of AI on the legal profession and the Manifesto on “Legal Ethical Code of Conduct Regarding the Deployment of AI.” It embeds the principles of lawfulness, transparency, traceability, interpretability, security and appropriate human oversight into a unified AI governance framework.

For a firm handling cross-border work, the same private environment also addresses the requirements of the major jurisdictions: for Mainland China, it aligns with the Personal Information Protection Law, the Data Security Law and data-export mechanisms such as security assessments and standard contracts; for Europe, it maps to the EU General Data Protection Regulation (GDPR) and standard contractual clauses; for the United States, it meets the confidentiality and competence duties under the ABA Model Rules of Professional Conduct and Formal Opinion 512 on generative AI. Because data always remains within the firm’s own perimeter, the firm can confidently meet local data-confidentiality and regulatory expectations wherever its clients are based.

3. Eliminating the hidden risk of “shadow AI”

Where a firm offers no convenient, approved AI tool, individual lawyers may turn to consumer-grade public chatbots for work, creating “shadow AI” that sits outside IT and compliance visibility—unapproved, unlogged and unaudited, with unknown data flows and no clear accountability. MUX channels that demand into a single, visible, auditable controlled environment, giving lawyers the efficiency they want while bringing every use under the institution’s governance and oversight.

4. Keeping institutional knowledge within the firm

The case law, templates and practical know-how accumulated by a firm are core competitive assets. A private platform continuously refined on the firm’s own corpus keeps these assets within the institution and compounds their value over time, rather than depositing them with an external vendor.

5. Ensuring control and business continuity

Private deployment insulates the firm from external API changes, model versioning, service outages or shifts in vendor strategy, giving it full control over capabilities, upgrade timing, cost and availability — a foundation for durable, long-term AI adoption.

Executive Quotes

“For industries built on trust and confidentiality, such as the law, the value of AI should never come at the price of data sovereignty,” said Ray Hu, General Manager Asia-Pacific Region of Ridger. “Private deployment lets a firm turn generative AI into auditable, governable and sustainable productivity without crossing confidentiality lines. We are proud to set this benchmark with Shum Wong & Co., Solicitors”

Ray Hu, General Manager Asia-Pacific Region, Ridger

“In Hong Kong, office space is scarce and precious, but data sovereignty is worth setting aside a place for. Building our own AI infrastructure lets us embrace AI while always safeguarding our clients’ trust and the boundaries of our profession.”

Careen H.Y. Wong, Founding Partner, Shum Wong & Co., Solicitors, Solicitors

Hashtag: #Ridger #MIMO #MUX #PrivateAI #LegalAI #AIInfrastructure #HongKong

https://ridger.tech
https://www.linkedin.com/company/ridger/

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

Ridger Company Limited

Ridger is a technology company focused on data and storage infrastructure for the AI era. The company provides private, high-performance AI infrastructure and solutions that enable enterprises to deploy and run large models and AI applications within their own security perimeter. Through its proprietary storage and data management technologies, Ridger helps clients safeguard data sovereignty, security and compliance while fully realizing the business value of artificial intelligence.

Unveiling Three Innovative Products Integrating Local Hong Kong Culture and Consumption Scenarios, Demonstrating Deep Synergy Between Chinese Baijiu and Modern Leisure Lifestyles

HONG KONG SAR – Media OutReach Newswire – 29 October 2026 – The “Hong Kong Wine & Dine Festival 2026,” a premier global culinary extravaganza organized by the Hong Kong Tourism Board, officially opened today, 29 October. Kweichow Zhen (also known as Zhenjiu), the flagship brand of ZJLD Group Inc. (6979.HK), a leading Chinese baijiu enterprise listed on the Hong Kong Stock Exchange, makes a powerful return to the event. Against the backdrop of accelerating its global expansion and developing innovative products following its IPO, Kweichow Zhen centres its participation on the core theme of “Zhenjiu Encounters Hong Kong“. By seamlessly blending rich sauce-aroma baijiu with Hong Kong’s vibrant contemporary urban culture, the brand creates an immersive tasting experience that highlights its latest breakthroughs in product innovation and integration with lifestyle scenarios.

As a pioneer championing Chinese baijiu culture on the global stage, ZJLD Group is dedicated to breaking traditional stereotypes and continuously expanding the horizons of baijiu within modern casual living. Catering to the preferences of young urbanites and international consumers for versatile and rich flavor profiles, the Group presents three flagship innovative products. These offerings fully showcase an innovative interpretation of time-honoured craftsmanship and a profound resonance with modern Hong Kong aesthetics.

Three Highlighted Innovative Products: Local Flavors, Cross-Industry Collaboration, and Multi-Category Breakthroughs

Local Flavor Inspiration: ZESS（Zhenjiu Cocktail with Local Ginger and Lemon）

To broaden the daily appeal of traditional baijiu and capture younger demographics, Kweichow Zhen introduces an innovative low-ABV, light-sip concept. Crafted with Zhenjiu’s premium sauce-aroma baijiu as its base, the cocktail is specially infused with carefully selected local Hong Kong ginger and fresh lemon. Featuring a light 5% ABV sparkling profile, it harmoniously balances spicy nuances with crisp citrus notes, offering an approachable, low-alcohol alternative that revitalizes traditional sauce-aroma baijiu with a distinctly local Hong Kong touch.

Cross-Brand Innovation: Exclusive Launch of Chocolate Baijiu Ice Cream with The Ice Cream & Cookie Co.

Building on the enthusiastic response to past collaborations, Zhenjiu deepens its partnership with The Ice Cream & Cookie Co., an artisanal dessert brand from Singapore that has gained widespread popularity in Hong Kong. Making its exclusive debut at the festival, the “Chocolate-Flavored Baijiu Ice Cream” features a rich 60% dark chocolate base infused with premium apricots deeply soaked in Zhenjiu. The bright acidity and fermented complexity of the apricots blend perfectly with the smooth cocoa notes, delivering a luxurious triple-layered flavor experience of fruit, baijiu, and dark chocolate.

Major Category Expansion: “NEWS Oak-Aged Craft Beer” Makes Its Wine & Dine Debut

Marking a significant milestone in ZJLD’s multi-category beverage ecosystem, “NEWS Oak-Aged Craft Beer“, hailed as a “Super Beer”, makes its premiere at this year’s Wine & Dine. Developed over three years by Kweichow Zhen’s R&D team, it is crafted from imported Canadian and Australian two-row barley malt, top-grade German and Belgian yeast, Yakima Valley aroma hops from the US, and pristine water from Mount Mogan. Brewed using top-fermented Ale techniques with an ABV of 5.9%, it delivers elegant fruity, malty, and subtle woody notes. The brand incorporates the Eastern cultural ethos of “good fortune and prosperity” into its marketing narrative, accompanied by a sleek, modern, minimalist packaging design that embodies continuous progress and infinite possibilities.

Deepening the Baijiu Globalization Strategy: Partnering with Hong Kong to Enhance Its Charm as a Global Culinary Capital

Mr. Paul Ng, Vice President of International Operations at ZJLD Group Inc., stated:

“The Hong Kong Wine & Dine Festival is a world-class event of immense global influence. Kweichow Zhen has participated for consecutive years, and this year, we are placing even greater emphasis on the deep integration and scenario innovation between baijiu and local Hong Kong culture. From ZESS, our local flavor-inspired cocktail, to our co-created baijiu ice cream with a renowned artisanal dessert brand, and the premiere of NEWS Oak-Aged Craft Beer, we aim to present a fresh international calling card for Chinese baijiu. We want to demonstrate that baijiu is not only a traditional cultural symbol, but a dynamic, stylish lifestyle choice that seamlessly fits into modern urban leisure and daily living.”

Hashtag: #ZJLDGroup

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

About ZJLD Group Inc.

Zhenjiu was established in 1975 in Zunyi, Guizhou, China’s primary production area for sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. In the same year, it was selected by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets. It is also recognized as one of the “Three RepresentativeBaijiu Brands in Guizhou“.

ZJLD Group Inc. is a leading baijiu group in China devoted to offering premium baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma varieties. The Company operates four renowned baijiu brands in China, including two national baijiu brands (Zhenjiu and Li Du) and two regional brands (Xiangjiao and Kaikouxiao). ZJLD prides itself on inheriting the time-honored baijiu-distilling techniques and reinvigorating them to develop iconic products, striving to create a diverse portfolio that meets modern consumer preferences, captures broader market opportunities, and promotes traditional Chinese baijiu culture worldwide.

Led by Blockchain Capital, the funding will accelerate the expansion of PhotonPay’s stablecoin-centric Financial OS, connecting stablecoin liquidity with global fiat networks to unlock digital assets for everyday corporate operations and cross-border settlement.

HONG KONG SAR – Media OutReach Newswire – 29 October 2026 – PhotonPay today announced the closing of a $40 million Series C funding round led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from existing investors IDG Capital, GL Ventures, and Lightspeed Faction. Blacksheep Technology acted as exclusive financial advisor to PhotonPay on the transaction.

The new capital will support the expansion of PhotonPay’s stablecoin-centric Financial Operating System (Financial OS), with investment focused on enhancing multi-asset wallet capabilities, expanding global card issuing, strengthening local clearing infrastructure in key markets, and developing an agent-ready financial execution layer.

As of August 2026, PhotonPay’s annualized transaction volume reached US$65 billion. The company has secured 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia, and serves over 200,000 business customers across more than 200 countries and territories.

As stablecoins move beyond crypto-native use cases into corporate treasury, settlement and commercial spending, PhotonPay sees the next phase of global finance not as a choice between stablecoins and fiat currencies, but as the convergence of both. Its Financial OS connects on-chain liquidity with the banking, clearing and card networks businesses rely on for everyday operations.

“Moving money across borders in seconds means little if it still takes days to put that capital to work,” said Lewison Chen, Founder and CEO of PhotonPay. “Stablecoins are accelerating global money movement, while local clearing and global card issuing connect that liquidity to local settlement and everyday business spending. Our Financial OS brings these capabilities together, making the underlying infrastructure far less visible to businesses, even as it becomes more essential than ever.”

“At the same time, business software is becoming increasingly autonomous,” Chen added. “AI is shifting financial workflows from people manually operating fragmented tools toward systems that understand business intent and coordinate execution across assets, accounts and financial rails. That creates the foundation for agentic commerce. Stablecoins change how money moves. AI changes how it gets put to work. But commerce is still what money is for.”

Moving Money Across Assets and Markets

PhotonPay’s Financial OS brings together multi-asset wallets, global money movement, foreign exchange, local clearing, and global card issuing through an integrated API-first architecture. This unified system gives businesses access to the financial capabilities they need to manage and deploy funds across markets.

Stablecoins sit at the core of this architecture. PhotonPay’s multi-asset wallet connects stablecoin liquidity with fiat balances, integrating asset conversion, foreign exchange, and local clearing into a single connected workflow. This enables businesses to move funds across supported on-chain and traditional financial networks, turning digital asset liquidity into purchasing power for local payments and everyday corporate spending.

Supporting this dual-rail infrastructure is PhotonPay’s established global financial network. Businesses can open local collection accounts in 17 key markets and receive funds in more than 60 currencies. On the payout side, the network supports over 100 payment routes across local clearing systems, bank transfers, and digital wallets, including payouts to 74 major local e-wallets. Approximately 97% of payout transactions reach recipients within hours or on the same day, with 68% arriving in real time.

Global card issuing extends these capabilities into programmable business spending. Through PhotonPay’s APIs, businesses and platforms can issue virtual and physical cards, configure granular spending controls, and embed card payments directly into their software and automated workflows. Over the past 12 months, PhotonPay issued 4.4 million cards, up 275% YoY.

Beyond its first-party payment solutions, PhotonPay makes its infrastructure available through embedded finance, enabling technology platforms to natively integrate global accounts, payments, and card issuing into their own products. The company now serves more than 100 enterprise and platform partners, extending the reach of its Financial OS into industry-specific workflows.

From Financial Intent to Agentic Commerce

As AI agents assume active operational roles, financial infrastructure must evolve beyond API access to enable programmable, policy-governed execution. It requires systems capable of translating high-level instructions into coordinated financial actions, with deterministic controls governing how those actions are executed.

In May 2026, PhotonPay and Mastercard completed a live agentic payment demonstration using a tokenized PhotonPay card, validating AI-initiated transactions across existing global card networks.

Building on this milestone, PhotonPay is developing standardized financial interfaces designed for developers and AI agents. With planned support for the Model Context Protocol (MCP), PhotonPay aims to make account information, balances, card functions, and payments accessible as composable financial primitives, allowing AI agents to securely retrieve context and initiate financial workflows within defined authorization boundaries.

To govern this agent-ready layer, PhotonPay is developing a policy-based execution framework designed to enforce programmable authorization rules, spending limits, and transaction-level controls. The framework is intended to enable AI agents to coordinate financial tasks across supported accounts and assets, while ensuring that execution remains subject to explicit, enforceable policies set by businesses.

PhotonPay is also advancing its AI-assisted risk review capabilities, designed to identify complex cases for human assessment. Together, these initiatives reflect a foundational principle of autonomous finance: AI may interpret intent and coordinate tasks, but financial execution must remain governed by verifiable authorization, deterministic controls, and auditable records.

“Connecting financial networks is only the beginning. The real breakthrough is abstracting that complexity behind a unified, programmable financial layer, so businesses and AI agents can move from intent to execution within clearly defined boundaries,” said Chen.

Simple on the Surface, Deep by Design

The promise of a Financial OS is simplicity: enabling businesses to manage assets, route money, and execute payments through a unified financial operating layer. Yet delivering that simplicity requires deep financial infrastructure beneath the surface.

While stablecoins accelerate borderless value transfer, turning that liquidity into local settlement, supplier payments, and corporate spending still depends on established banking relationships, domestic clearing rails, foreign exchange infrastructure, and global card networks. Each market brings its own regulatory and operational requirements.

For PhotonPay, building a Financial OS means abstracting these fragmented global networks into a programmable, interconnected financial system. The objective is not to eliminate financial complexity, but to manage it within the underlying infrastructure, so businesses can operate without having to navigate these systems themselves.

“AI can simplify how businesses interact with financial services, but it cannot replace the infrastructure required to deliver them,” said JP Pi, Chief Compliance Officer at PhotonPay. “Establishing local financial capabilities takes years of investment, institutional partnerships, and regulatory engagement. Software or AI models alone cannot replicate that depth. The simplicity businesses experience is the result of that heavy lifting, not a substitute for it.”

PhotonPay has engineered a financial foundation spanning both stablecoin and fiat rails, connecting multi-asset conversion with local clearing networks. Institutional partnerships with J.P. Morgan, Standard Chartered, and DBS, alongside connections to domestic payment systems such as Brazil’s Pix and Mexico’s SPEI, form the backbone of this network.

The new capital will enable PhotonPay to strengthen its local clearing and compliance infrastructure in existing markets while expanding into new jurisdictions, scaling the reach of its Financial OS across corporate spending, embedded finance, and agentic commerce.

“Businesses want one provider that can handle their payments across currencies and markets, whether they’re using bank transfers, stablecoins or cards. Lewison and his team have spent a decade building the banking relationships, licenses and local payment infrastructure to deliver that. We believe PhotonPay’s ability to bring these capabilities together gives it a strong advantage as businesses adopt stablecoins for everyday payments.” – BCAP，Yuanhan Li，Partner

“As stablecoins become increasingly integrated into global payment systems, bridging digital assets with traditional financial infrastructure will be essential to unlocking their real-world potential. PhotonPay’s established global payment network and its vision for a stablecoin-centric Financial OS align closely with SBI Group’s strategy to advance digital financial infrastructure and expand the practical adoption of digital assets. We look forward to supporting PhotonPay’s continued growth and exploring opportunities for strategic collaboration across the SBI Group ecosystem.” – Eiichiro So, CEO & Managing Director of SBI Ven Capital

Hashtag: #PhotonPay #SeriesC #Stablecoin

https://www.photonpay.com

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

About PhotonPay

Founded in Hong Kong in 2015, PhotonPay is a global fintech company building a next-generation, stablecoin-centric Financial Operating System (Financial OS). Its API-first architecture brings together multi-asset wallets supporting stablecoins and fiat currencies, global money movement, foreign exchange, global card issuing, embedded finance, and local clearing infrastructure, connecting digital and traditional financial rails within an integrated financial system.

PhotonPay operates 16 offices worldwide, employs nearly 600 people, and holds 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia. The company serves businesses across more than 200 countries and territories.

For more information, visit www.photonpay.com.

Bill Deng, Founder and CEO of XTransfer, will join the management team at showcases and closed-door sessions in both cities, sharing views on AI risk control and operations, local-currency settlement in emerging markets and practical inclusive finance for SMEs. During the events, XTransfer will hold signing ceremonies for strategic cooperation with several international financial institutions, further extending its global clearing network.

A central focus will be XTransfer’s financial institution partnership model, which enables banks and payment institutions to participate as both co-builders and users. Partners can contribute local collection, payout and FX capabilities, while accessing services such as Pay-to-China, Local-Currency Collection and Local-Currency Payout through the XTransfer API.

Another focus will be XTransfer’s end-to-end local-currency settlement. In emerging markets, restricted access to foreign exchange can delay the settlement of legitimate trade payments. To address this, XTransfer has built an end-to-end B2B trade settlement network comparable to Visa and Mastercard, directly connecting paying and receiving banks. Paired with its pioneering local collection account service, it enables end-to-end local-currency settlement, a 24/7, fast, low-cost, and compliant option that lets buyers and sellers worldwide pay and receive trade funds in their respective local currencies. The service now covers nearly 60 countries and regions across Africa, Asia, Latin America, the Middle East, Europe, and North America, etc.

Today, XTransfer serves more than one million SMEs globally, with over US$60 billion in total payment volume in 2025, and is trusted by more than 170 global financial partners. Through its participation in Hong Kong and Singapore, XTransfer aims to deepen collaboration across the financial ecosystem and make cross-border payments more secure, efficient and accessible for trade businesses worldwide.
Hashtag: #XTransfer #SFF #HKFW #HongKong #Singapore #Crossborder #Payment #SMEs #ASEAN

https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn

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

The Summit explored the trends reshaping customer expectations and the future of financial services. Discussions focused on rising wealth, increasing cross-border mobility, and the growing convergence of data, artificial intelligence and human expertise. Participants exchanged perspectives on how deeper partnerships can enhance customer outcomes and unlock new opportunities for the next phase of growth.

Chengdu’s history provided a fitting backdrop for the Summit. More than a thousand years ago, the city pioneered “jiaozi”, widely regarded as the world’s first paper money. Its success depended on trust in the promise behind it, a principle that remains equally important in successful partnerships today.

Dennis Tan, Regional CEO, Thailand, Vietnam, Cambodia, Myanmar; Group Partnership Distribution, Prudential plc, said: “Keeping promises sits at the heart of every partnership for Prudential. Founded on trust and strengthened through collaboration, these relationships help us meet customers’ increasingly interconnected health, protection and wealth needs.

“The Summit demonstrated the strength of Prudential’s partnership ecosystem and the opportunities ahead. By bringing together distribution expertise, digital capabilities and market insights, we are working to create better customer experiences and drive long-term, sustainable growth with our partners.”

The programme also featured guest speaker Pierluigi Collina, FIFA’s Chief Refereeing Officer and referee of the 2002 FIFA World Cup Final. Drawing on his experience at the highest level of international football, he shared perspectives on leadership, accountability and sound decision-making in complex and rapidly changing environments.

Partnership distribution at Prudential

Prudential harnesses the strength of its partnership ecosystem to translate shared priorities into action, helping more customers achieve greater financial security and confidence for the future.

Partnership distribution has long been central to Prudential’s growth strategy. Since establishing its first strategic bancassurance partnership in 1998, Prudential has built one of Asia’s largest bancassurance franchises, comprising more than 180 banking partnerships across markets. In the first half of 2026, the bancassurance channel delivered US$586 million in new business profit, up 13 per cent on a constant exchange rate basis from US$505 million in the same period last year.

Hashtag: #Prudentialplc

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

About Prudential plc

Prudential provides life and health insurance and asset management in Greater China, ASEAN, India and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (HKEX: 2378) and the London Stock Exchange (LSE: PRU). It also has a secondary listing on the Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock Exchange (NYSE: PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

www.prudentialplc.com

New Merck Hong Kong Centre to Connect Global Expertise with Local Innovators and Accelerate R&D Commercialisation

HONG KONG SAR – Media OutReach Newswire – 26 October 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) and Merck, a leading science and technology company in life science, healthcare and electronics, signed a collaboration agreement today to establish their strategic partnership. Under the agreement, Merck will establish the “Merck Hong Kong Centre” at Hong Kong Science Park, dedicated to bringing in advanced scientific products, showcasing live technological demonstrations, and providing expert consultation services. Through technical training and clinical advisory sessions, an innovation scouting programme, and the co-hosting of an annual flagship event, the partnership will connect HKSTP’s I&T ecosystem with Merck’s domain expertise and global networks, supporting local startups and I&T talent, accelerating the translation of R&D outcomes into real-world applications, and jointly capturing opportunities across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and international markets.

The HKSAR Government’s recently announced First Five-Year Plan places a strong focus on strategic industries, including life and health technology, artificial intelligence (AI), and new industrialisation, while the latest Policy Address sets out Hong Kong’s ambition to accelerate its development into an international health and medical innovation hub, progressively expanding access to the GBA, international markets, and capital markets. Arriving at a pivotal moment as Hong Kong I&T development enters a new phase, the partnership will bring together top-tier global scientific resources and inject fresh momentum into the city’s I&T sector.

Witnessed by Dr. Annika Bolten-Drutschmann, Consul General of Germany, Ms Cordelia Chung, Chairman of HKSTPand Mr. Peter Yan, Director-General of the Office for Attracting Strategic Enterprises (OASES), Mr. Terry Wong, Chief Executive Officer of HKSTP, and Mr. Rogier Janssens, President of Merck China, signed the partnership agreement. The signing was followed by the “Merck x HKSTP Groundbreaking Ceremony”, marking the official commencement of the Merck Hong Kong Centre and turning the partnership to a new chapter.

Mr. Terry Wong, Chief Executive Officer of HKSTP, said, “We are delighted to welcome Merck, a leading science and technology company, in establishing a strategic partnership with HKSTP and Hong Kong’s I&T ecosystem. As Hong Kong enters an exciting new phase of I&T development, collaboration with global leaders like Merck is crucial to foster the growth of the life and health tech sector. Our shared vision goes beyond offering physical space: we are bringing Merck’s advanced technologies, scientific expertise and global networks closer to our startups and researchers, helping them turn discoveries into practical solutions and explore opportunities for pilot projects, commercial partnerships and investment. Powered by the city’s unique positioning as the super connector between the Chinese Mainland and global markets, this partnership will catalyse collaboration between Merck’s global excellence in life sciences and HKSTP’s thriving ecosystem — taking the discovery and commercialisation of R&D results in the life and health sector to the next level, creating global impact and benefiting humankind.”

Mr. Rogier Janssens, President of Merck China, said, “Hong Kong’s first Five-Year Plan places innovation and technology at the heart of the city’s future, giving science and technology companies like Merck a clear direction for lasting engagement. For 358 years, Merck has advanced science and technology with a patient, generational outlook, and we are now deepening our presence in the Greater Bay Area’s innovation landscape. Merck Hong Kong Centre is the first step of that commitment in Hong Kong. Located next to HKSTP’s shared biomedical laboratory, it places our products and experts alongside the scientists and startups driving the research. We can help them build reliable, reproducible workflows from early experimentation to scale-up, and we can understand earlier what their science needs. Together with HKSTP, we aim to prove this approach in Hong Kong and replicate it elsewhere in China and beyond.”

Under the agreement, the collaboration will focus on four key initiatives:

• Merck Hong Kong Centre: The dedicated physical facility at Hong Kong Science Park will provide Park startups and researchers with advanced scientific product supply, live demonstrations of cutting-edge technologies and expert consultation services. The Centre will serve as a physical hub connecting local innovators with Merck’s technology resources.
• Training and Consultation Initiative: Connecting Merck’s industry experts with HKSTP’s startups and researchers through technical training, clinical advisory and professional consultation services to promote knowledge exchange and strengthen research and application capabilities.
• Innovation Scouting Program: Establishing a structured mechanism to identify, evaluate and connect high-potential startups directly with Merck’s global innovation network, exploring collaboration opportunities including commercial partnerships, proof-of-concept pilot projects and strategic venture investment opportunities.
• Merck Innovation Day: An annual flagship event held at Hong Kong Science Park focusing on life science, healthcare and electronics, bringing together startups, academia and industry leaders to showcase innovations and foster cross-sector exchange and co-development.

HKSTP is committed to building a vibrant I&T ecosystem and is currently home to around 400 life and health technology companies, supported by comprehensive R&D infrastructure and one-stop support services that help turn ideas into real-world applications. The partnership will further connect Park companies with Merck’s global resources, while providing Merck with a platform to access emerging technologies, research talent and high-potential companies in Hong Kong and the GBA, fostering two-way innovation exchange and opening up long-term collaboration opportunities.

Hashtag: #HKSTP

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

HKSTP

More information about HKSTP is available at www.hkstp.org.

Joint study shows emerging markets will generate 60% of new online spending over the next decade — most of it from consumers without a credit card

SINGAPORE – Media OutReach Newswire – 21 October 2026 – Asia is projected to add 702 million middle-class adults between 2026 and 2036, three-quarters of all middle-class growth in emerging markets, according to a new study from World Data Lab (WDL) and EBANX, a global technology company specializing in payment services for emerging markets.

But this new consumer class will not shop the same way developed-market consumers do: by 2036, only 20% of adults in emerging markets will hold a credit card, against 66% in developed markets.

Global online spending is projected to grow from USD 11 trillion in 2026 to USD 25.6 trillion in 2036. Emerging markets add USD 8.7 trillion of that increase (60% of all new online spending), with China (USD +4.7 trillion) and India (USD +1.3 trillion) leading this growth. Indonesia (USD +243 billion), Brazil (USD +249 billion) and Mexico (USD +191 billion) form the next tier.

The categories matter as much as the markets. Online gaming spending in emerging markets grows 14% a year over the decade, the fastest of any category, and SaaS nearly 10%. Emerging markets will generate 76% of global growth in social media spending and 64% in SaaS.

The demographic picture challenges a common assumption. Consumers aged 45 and over account for 51% of emerging markets’ online spending growth through 2036, and spending by those aged 65 and over grows 12% a year, faster than any other age group.

The outlook was discussed during “Navigating Payments: How innovation and fragmentation are changing the game for e-commerce,” a webinar co-hosted by World Data Lab (WDL) and EBANX.

“Over the next ten years, people aged 45 and over will add USD 4.4 trillion in online spending in emerging markets, half of all the growth. Some of them already shop on their phones and will keep doing so as they get older. Others will buy online for the first time in their fifties or sixties. Merchants who build their checkout only for a 25-year-old will miss both groups,” explained Wolfgang Fengler, CEO of WDL.

The study models consumer spending, demographics, and financial access across 184 countries to 2036, drawing on the World Bank’s Global Findex and WDL’s consumer models, combined with EBANX’s experience processing payments for global merchants in emerging markets since 2012.

“If your checkout only takes credit cards, you are competing for one in five adults in emerging markets and conceding the other four”, said Marie-Elise Droga, Chief Revenue Officer of EBANX. “The merchants growing fastest with us didn’t wait for cards to arrive: they added the payment rails their customers already use, and they’re taking new buyers, bigger baskets and recurring revenue that card-only competitors can’t even see.”

834 million new online buyers, 281 million new credit cards

Between 2026 and 2036, the global economy will add 834 million online buyers but only 281 million credit card holders—a ratio of nearly three to one. In emerging markets, two in three new online buyers (67%) will arrive without a credit card. Adults without it already account for 55% of online spending in emerging markets, a share that rises to 90% in India and 93% in Sub-Saharan Africa. Credit cardless adults also represent 52% to 59% of spending in every digital category, from gaming and SaaS to streaming and travel.

Digital payment use is also running ahead of online shopping. Of the 2.6 billion emerging-market adults spending between USD 6 and USD 25 a day, 70% already pay merchants digitally while only 33% buy online, leaving at least 957 million digitally active consumers who are not yet online buyers. Many hold a bank account or mobile wallet but no card that works at an international checkout.

“This is closely tied to the innovation that came out of the financial industry in emerging markets, which developed solutions for an increasingly mobile economy and for the habits of local consumers. Today, we call them local payment methods, or LPMs, and they allowed e-commerce growth to decouple from the credit card, which still has very low penetration in these countries,” said Estelita Hass, head of Market Intelligence at EBANX.

Subscriptions are the next frontier — and India shows why

Recurring categories such as streaming, SaaS and online education will reach USD 2.1 trillion a year in emerging markets by 2036, with USD 1.1 trillion coming from adults without a credit card. In India, 82% of recurring online spending will be cardless. Account-based recurring rails are beginning to close that gap: a global SaaS company saw a 20% uplift in new subscribers after adding UPI at checkout in India, and cybersecurity company Nord Security now generates 28% of its revenue in Brazil through Pix Automático, Brazil’s recurring instant payment, six months after launching it with EBANX.

The webinar presentation is available at [LINK].

Hashtag: #EBANX #WorldDataLab #Fintech #Payments #EmergingMarkets #Consumers

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

ABOUT EBANX

EBANX is the leading technology platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, the platform enables global businesses to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. With a global footprint, it established a technology and regulatory headquarters in Singapore in 2026. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end users alike.

For further information, please visit:

Website: https://ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx/

By Dr. Gyan Pathak India is set to further ‘improve’ employment and unemployment data by revamping the Periodic Labour Force Survey (PLFS) and bringing out the data accordingly from January 2027. The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has proposed to introduce modification in the sampling design of the PLFS […]

The article India Set To Further ‘Improve’ Employment Data From January 2027 appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Agoda has received investment promotion from the Thailand Board of Investment (BOI) for International Business Center activity. Agoda’s Bangkok base underscores Thailand’s potential to become a tech talent hub.

Mr. Narit Therdsteerasukdi, Secretary General of the BOI, visited the office at the One Bangkok complex and met Agoda Chief Executive Omri Morgenshtern and senior management. The Bangkok site serves as Agoda’s Global Tech & Operations Hub, with systems developed in Thailand deployed across a platform that lists more than 6 million properties in 39 languages. The company employs more than 8,000 people in 25 markets.

More than half of the Bangkok staff are Thai, while about 2,000 foreign specialists come from more than 80 countries. Roles range from software engineering, data science and AI to product management, marketing and international business management.

“Thailand has a deep pool of skilled people in data analytics, IT and communications, engineering and business management, and an open work culture where people of many nationalities collaborate well,” Mr. Narit said. “Combining Thai and foreign expertise allows the company to place complex, high value-added activities in Thailand while creating opportunities to transfer knowledge, upgrade skills, and build the country’s tech ecosystem over the long term.”

Agoda’s foreign experts get help with visas and work permits in one place. The BOI, the Immigration Bureau, and the Department of Employment facilitate both through the Thailand Investment and Expat Service Center, a one-stop service at One Bangkok, where Agoda’s office is also based. That helps experts from around the world join Thai teams quickly and conveniently. It suits a business that constantly trains, coordinates, and travels internationally.

Agoda also runs a talent pipeline with Thai universities. Its Tech Camp Day, held three times a year, brings in more than 100 students per session, and its internship program takes more than 500 students a year from over 10 universities. More than 20 percent of interns have gone on to join the company.

“Working at a global technology company gives Thai professionals exposure to the standards, tools, and working methods of international teams,” Morgenshtern said. “That experience can be carried into new businesses, startups, and the upgrading of companies across industries, spreading knowledge and supporting Thailand’s long-term economic growth.”

“A global company like Agoda choosing Thailand as its main base for high-skilled technology work is an example of success in attracting investment driven by people and knowledge,” Mr. Narit said. “These investments create high-value jobs and give Thais the chance to work with experts from around the world. The skills they gain today will help them build new businesses and develop the country in the years ahead.”

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

https://www.boi.go.th/en/index/

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

Thailand Board of Investment (BOI)

Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.

Investment Services Center – PR Section, Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax +66 (0) 2553 8222

The projects, filed through the first half of 2026, cover multilayer ceramic capacitors (MLCCs), thermal graphite films, high-performance ceramics, battery and fuel-cell materials, neodymium magnets, glass and quartz fabrics for printed circuit boards, and nanomaterials for precision manufacturing. Together they mark a shift for one of Southeast Asia’s largest economies from downstream assembly toward the high-value materials on which future industries are built.

In AI computing and clean energy, lighter, more heat-resistant and more conductive materials determine how well devices perform. MLCCs are essential components in products from smartphones to AI servers, and a single high-end server can use up to 30,000 of them.

“The world is moving toward products that are smaller and lighter, yet stronger and more efficient,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “Producing advanced materials in Thailand is key to building sustainable industrial capacity, reducing reliance on imports, and opening the door for Thai companies to join higher-value supply chains.”

Thailand is already a production base for leading component makers, including Japan’s Murata Electronics, which holds more than 35 percent of the global MLCC market, and Kyocera AVX Components, the world’s top tantalum capacitor maker. Among the new projects, Taiwan’s Fultech Fiber Glass makes glass fabric for printed circuit boards, including high-performance grades for AI servers. Jones Tech produces synthetic and natural graphite films that carry heat away from electronic devices.

Beyond electronics, the projects strengthen supply chains for electric vehicles, batteries, and clean energy, from BGN Thai’s coated foils for lithium-ion batteries and Phinis Well’s neodymium magnets for EV motors to Xinyuan Graphite’s bipolar plates for hydrogen fuel cells.

CoorsTek Advanced Materials, a subsidiary of US-based CoorsTek — a global leader in engineered ceramics for the semiconductor and aerospace industries — has invested in producing ceramics for automotive pressure sensors and silicon nitride balls for hybrid bearings in EVs and wind turbines. Golden Egret Cemented Carbide is making tungsten carbide powders for precision cutting tools, reinforcing Thailand’s base for high-precision manufacturing.

“The advanced materials industry taking root in Thailand today is the foundation of tomorrow’s supply chains in electronics, EVs, batteries, and clean energy,” Mr. Narit said. “The BOI will keep building this investment base, strengthening upstream materials and components, and supporting R&D, technology, and workforce development, to move Thailand from downstream to upstream production and make it the region’s advanced materials hub.”

Note: USD conversions are based on the Bank of Thailand’s average selling rate of approximately 33.76 baht per USD.

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

https://www.boi.go.th/en/index/

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

Thailand Board of Investment (BOI)

Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.

Investment Services Center — PR Section, Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax +66 (0) 2553 8222

HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – Hongkong Land Holdings Limited (“Hongkong Land”) today published Building Value That Lasts: Quantifying the Return on Climate Resilience in Real Estate. The report developed with Marsh puts a financial value on designing buildings for a changing climate. Its case study is Westbund Central, Hongkong Land’s mixed-use waterfront development of approximately 1.7 million sq. m. on Shanghai’s Huangpu River.

The report finds that the development’s resilience measures cut expected storm-surge losses by 84% and rainfall-flood losses by 88% under today’s conditions. Westbund Central’s resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today.

Closing the resilience valuation gap

Climate risk now shapes how real estate is assessed, financed and insured. Almost every climate related disclosure acknowledges the need for adaptation, yet fewer than one in ten puts a number on it. Hongkong Land and Marsh set out to close that gap together by treating resilience as an investment with a measurable return, not a cost to be absorbed.

Resilience pays, and the reductions are large

Working with global leading insurance broker and risk advisor Marsh, Hongkong Land modelled the average annual loss (AAL) at Westbund Central from storm surge, rainfall flooding and wind. AAL is the expected yearly cost of physical damage. The modelling compared climate risks today and in 2050 for buildings with and without resilience measures beyond those required by building codes. It assumed a future in which global greenhouse-gas emissions remain high.

Without the development’s enhanced resilience measures, expected storm-surge losses would more than double and wind losses would more than triple by 2050. The measures reduce expected losses as follows:

• storm-surge losses fall by 84%, both today and in 2050
• rainfall-flood losses fall by 88% today and 79% in 2050
• wind losses fall by 36% today and 31% in 2050

Built for the climate of 2050

Westbund Central was engineered for projected climate conditions in 2050, rather than historical conditions. These measures significantly reduce the impact of increasing climate risk:

• Storm surge: with Westbund Central’s resilience measures in place, average annual losses in 2050 are projected at 0.12%, compared with 0.38% for a building without these measures today.
• Rainfall flooding: with the resilience measures in place, average annual losses in 2050 are projected at 0.05%, compared with 0.19% for a building without these measures today.

Insurers are raising premiums, tightening terms and withdrawing cover from exposed locations. In that market, a lower and more stable loss profile matters.

Westbund Centrals resilience features include:

• 23% more drainage capacity, protecting against a 1-in-100-year rainfall event
• Grade 1 waterproofed basements and the elevation of critical equipment
• A “Sponge City” network of more than 12 features designed to capture and store stormwater, with capacity exceeding 2,000 m³

The figures are conservative. They count physical damage only and exclude extreme heat, the fastest-growing hazard at the site, which the development manages through design and operations.

Michael T. Smith, Group Chief Executive of Hongkong Land, said: “Climate change is a significant force reshaping real estate. At Westbund Central, climate resilience is core to all that we do because we believe resilience and commercial performance reinforce each other. This report shows the return on that investment can be measured today, with tools that already exist. The industry no longer has any excuse not to.”

Stuart Grant, Chief Executive of Westbund Central, said: “A premium destination is a seamless one. Much of the resilience work at Westbund Central is deliberately invisible to the tenants and visitors who use it every day. Its value shows in the disruption that never reaches them. Keeping the precinct open, comfortable and trading regardless of weather conditions is how resilience facilitates commercial performance.”

Michael Li, Chairman and President of Marsh Risk China, said: “Climate risk is now a balance-sheet risk. Westbund Central shows that adaptation pays back through lower loss exposure and stronger access to capital. As a risk orchestrator, Marsh matches protection needs to capital flows, helping clients quantify resilience and close the valuation gap.”

A method for the industry

The report is offered as a method others can apply, not just as an account of one development. It traces how climate risk can be assessed from site selection through to operations and linked to financial outcomes. It calls on the industry to:

• quantify early, at site selection and design, when action is most cost-effective
• bring insurers and lenders in from the start
• build a shared standard so resilience can be benchmarked across assets, as carbon already is

For further details, please see the full report which is available for download [here].

Hashtag: #HongkongLand

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

Westbund Central

Hongkong Land’s Westbund Central is the Group’s largest-ever single investment. Scheduled to complete in phases up until 2028, it is an US$8 billion development encompassing approximately more than 1.7 million sq. m. of prime mixed-use property strategically located at Shanghai’s Xuhui Waterfront. It is a flagship development of Hongkong Land’s prime commercial properties’ CENTRAL Series. The ultra-premium integrated commercial property includes 240,000 sq. m of retail space, 650,000 sq. m. of premium Grade A offices, 160,000 sq. m. of high-end waterfront luxury residences, two hotels (55,000 sq. m.) and over 50,000 sq. m. of cultural and art venues.

Hongkong Land

Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing premium and ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. With over US$50 billion in assets under management, Hongkong Land’s ultra-premium mixed-use real estate footprint spans over 1.97 million sq. m. lettable area in operation and 1.43 million sq. m. lettable area under development, with flagship mixed-use projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. Established in 1889, Hongkong Land takes a long-term view, investing significantly alongside its capital partners and concentrating its portfolio where it can create the most value for tenants, customers and investors. Hongkong Land Holdings Limited has a primary listing on the London Stock Exchange, with secondary listings in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.

Marsh
Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Louis Vuitton unveils in October 2026 a spectacular hoarding inspired by one of the House’s most emblematic themes: the Art of Travel. Throughout the refurbishment, the façade is transformed into a grand train station, evoking the romance and golden age of travel. In celebration of the 130^rh anniversary of the Monogram, this reimagined station will also be decorated with the House’s distinctive Monogram motif. Conceived as a tribute to the House’s enduring fascination with travel, and as a nod to Hong Kong’s comprehensive transportation history, the installation brings together heritage, imagination and architectural presence. In keeping with Louis Vuitton’s commitment to more mindful creation, all materials used in the construction of the façade will later be reused or recycled. Designed to capture the city’s vibrant energy, this striking installation will be established as a new monument for all.

Hashtag: #LouisVuitton

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

About Louis Vuitton

Since 1854, Louis Vuitton has brought unique designs to the world, combining innovation with style, always aiming the finest quality. Today, the House remains faithful to the spirit of its founder, Louis Vuitton, who invented a genuine “Art of Travel” through luggage, bags and accessories which were as creative as they were elegant and practical. Since then, audacity has shaped the story of Louis Vuitton. Faithful to its heritage, Louis Vuitton has opened its doors to architects, artists and designers across the years, all the while developing disciplines such as ready-to-wear, shoes, accessories, watches, jewellery, beauty, and fragrance. These carefully created products are testament to Louis Vuitton’s commitment to fine craftsmanship.

For further information: www.louisvuitton.com

By Dr. Gyan Pathak Prime Minister is entitled to criticise the Leader of the Opposition forcefully, but the dignity of the office calls for a distinction between robust political criticism and personal ridicule. Nevertheless, PM Narendra Modi ridiculed his rival LoP Rahul Gandhi on 22 October 2026 at a World Summit organised by NDTV, where […]

The article Prime Minister Ridiculing Leader Of Opposition At World Summit Is Ridiculous appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Bhasha Singh New defence partnerships are emerging across the world. Their purpose is not merely to strengthen military capabilities but also to reduce dependence on other countries for weapons production and technology. On October 21, Türkiye, Pakistan, Indonesia and Qatar signed the Badr Memorandum of Understanding in Doha, the capital of Qatar. Under this […]

The article From Mecca To Badr: New Defence Alliances And The Questions Facing India appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The partnership pairs LeapThought’s own AI with Google Cloud’s Gemini models and sovereign Cloud offering, giving infrastructure owners control of their data and connected intelligence across the full project and asset lifecycle.

SINGAPORE – Media OutReach Newswire – 23 October 2026 – LeapThought and Google Cloud today announced a strategic partnership to bring sovereign, domain-native AI to the owners and operators of critical building infrastructure, giving them control of their data and sharper decision-making across the full value chain, from delivery through operations.

The partnership has two priorities. The first is value chain integration, which connects everyone involved in delivering and running an asset — owners, operators, developers, consultants, contractors, and suppliers — on one governed platform. The second is security and sovereignty: owners can keep control of their data, within compliant, standardized frameworks that can be repeated from one program to the next.

FULCRUMHQ, LeapThought’s globally recognized Integrated Digital Delivery (IDD) platform, gives infrastructure owners the option to run on Google Cloud, including Google’s sovereign, air-gapped solutions for defense, public sector, and private sector environments requiring high security. At its core is GENIEHQ, LeapThought’s own Industrial AI, embedded directly into the platform and built to reason over the structured and unstructured data that defines a capital program — BIM models, GIS and geospatial data, ERP financials, schedules, contracts, reality capture, telemetry, and data from field robotics and sensors. The partnership pairs GENIEHQ with Google Cloud’s Gemini models, giving owners and their delivery teams natural-language access to that data across a project and a portfolio.

The partnership delivers on these two priorities as follows:

1. Value Chain Integration: One Governed Record, Natural-Language Insight

Major capital and building infrastructure programs span owners, operators, developers, consultants, contractors, and suppliers — each typically working in separate systems, with design, construction, and operational data fragmented across handovers. LeapThought’s FULCRUMHQ platform brings this information together into a single governed record that follows an asset from design through operation, giving owners a consistent view across their portfolio, not just a single project.

By running FULCRUMHQ — and the GENIEHQ Industrial AI embedded within it — on Google Cloud, and integrating LeapThought’s proprietary data architecture with Google’s Gemini models, the partnership enables:

• Interactive Model and Portfolio Querying: Combining GENIEHQ’s deep understanding of project and portfolio data with the multimodal capabilities of Gemini, owners, engineers, project managers, and field teams can ask complex, plain-language questions directly against BIM models and portfolio data — instead of manually clicking through complex 3D CAD/BIM model trees or running predefined filter scripts — such as identifying clash detections, extracting exact material quantities, verifying regulatory code compliance, or surfacing risk trends across a program (e.g., “Show me all fire-rated doors on Level 3 that don’t match the latest spec,” or “Which contractors across our portfolio have the highest rate of non- conforming work this quarter”).
• Global Scale and Reliability: Google Cloud provides the high-performance compute and elastic scalability needed to process compute-intense multi-gigabyte 3D models and point-cloud datasets, across a single project or an entire portfolio, in real time.

2. Security and Sovereignty: Full Control on Google Cloud’s Sovereign Solutions

For critical civil assets, defense installations, public sector agencies, and private sector owners where data cannot traverse the public cloud, LeapThought gives owners the choice to deploy on Google Cloud’s data residency solutions, including Google Cloud Data Boundary, Google Cloud Dedicated, and Google Distributed Cloud. In these environments, GENIEHQ, LeapThought’s Industrial AI embedded within FULCRUMHQ, runs alongside Gemini locally, within the owner’s chosen security boundary, ensuring zero cross-boundary exposure or unauthorized external telemetry.

“The value of an asset now lies as much in the intelligence around it as in its physical form. That intelligence belongs to the owner, and it must be secure, sovereign, and shared across the whole value chain. Demand for this is growing quickly, in Asia and around the world, and that is what brought us and Google Cloud together. We’re starting from Singapore and building toward a standard for critical infrastructure everywhere,” said Ratnakar Garikipati, Founder, Chairman, and CEO of LeapThought.

“Public sector and critical infrastructure agencies manage some of the most intricate engineering and regulatory datasets in the world. The partnership between Google Cloud and LeapThought enables project teams and portfolio owners to quickly surface actionable insights directly from complex BIM models and program data using everyday language. Combined with Google’s sovereign, air-gapped solutions, we’re providing agencies with the option to modernize project workflows while maintaining strict data governance, residency, and operational sovereignty,” said Rahul Sharma, Managing Director, APAC Public Sector, Google Cloud.

Hashtag: #LeapThought

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

About LeapThought

LeapThought is a US technology company that builds software connecting people, data, and AI across the infrastructure lifecycle. It is headquartered in Bellevue, Washington, has its Asia headquarters in Singapore, and operates across the United States, Brazil, Singapore, and New Zealand. Its FULCRUMHQ platform and embedded GENIEHQ Industrial AI serve public agencies, developers, consultants, contractors, and universities and institutes of higher learning. Clients include Singapore’s Land Transport Authority, Building and Construction Authority, and JTC. The company was founded and led by Ratnakar Garikipati.

QashierGM works from each merchant’s own sales, payouts and menu, and gets routine work done with the owner’s approval. With Crew, Qashier’s new team chat, anyone on the team can tag @GM to get things done, and QashierGM acts only within each person’s role.

SINGAPORE – Media OutReach Newswire – 23 October 2026 – Qashier, the unified merchant operating system serving more than 25,000 businesses across Southeast Asia, today launched QashierGM, an AI general manager that works with a merchant’s whole team. Available at no additional cost to all Qashier merchants in Singapore, QashierGM lives in QashierHQ, the web and mobile app (Android and iOS) merchants use to manage their sales, payouts, products and staff. Owners can ask it about sales, payouts and products in plain language. Merchants on the Qashier plan also get Crew, a new team chat where staff can bring QashierGM into any conversation by tagging @GM. Malaysia, Thailand and the Philippines follow in November.

Because QashierGM works directly from each merchant’s own transactions and settlements, it can do what a general-purpose chatbot cannot: explain, line by line, why a payout is lower than the day’s sales, or show which outlet is underperforming this week. Owners get answers grounded in their actual operations, without piecing together reports.

“Most small business owners can’t afford a general manager, so they become one after closing, going through reports at midnight,” said Christopher Choo, Co-Founder and CEO of Qashier. “QashierGM is the manager they never had. It already knows the business, takes on the routine work and never makes a change without asking. With Crew, it now works alongside the whole team, not just the owner.”

The launch follows an open beta that began in September with merchants ranging from single-outlet cafés and shops to multi-outlet chains, with F&B operators the most active. Their most common questions were about sales trends, best sellers and payouts, and with the year-end festive season approaching, many are asking QashierGM to suggest festive promotions built around their most popular items.

Jun Rong, Operations Manager of Coexist Coffee Co., likens using QashierGM to talking to his store managers, only faster. “Running a café means wearing every hat, and the numbers usually wait until after closing. QashierGM already knows our sales, payouts and menu, so I just ask. When we plan a promotion, it suggests ideas based on what our customers actually buy, and nothing changes until I confirm. It feels like having a general manager who’s been with us from day one.”

QashierGM also takes routine admin off the owner’s plate. An owner can ask it to update a price, mark an item as sold out or add a new product, and QashierGM shows a card with exactly what will change and where. Nothing goes live until the owner taps confirm. Multi-outlet operators can compare stores, spot the one underperforming and push a change to every store in one request. Store managers see and change only their own store. Owners can also set alerts in their own words, such as “alert me on any unusual refunds” or “tell me when the first staff clocks in”, and QashierGM tells them when it matters.

Crew: the whole team, with QashierGM in the conversation

Crew, included in the Qashier plan and Enterprise plans, gives a merchant’s team a work chat of its own, separate from personal messaging groups where messages get lost and former staff keep the history. Owners, managers, kitchen and floor staff get private direct messages, group chats by team or department, and announcements with read receipts. Anyone can tag @GM to check a number, update an item or send a customer an invoice with a payment link. QashierGM acts only with the permissions of the person who tagged it, sends bigger changes to whoever can approve them right in the chat, and posts an update when an invoice is paid. It only sees the conversations it is tagged into.

On a typical day, a floor staff member can mark a dish sold out, a manager can approve a price change from her phone, and an owner can send an event deposit invoice and see it paid, all in the same app. Crew and QashierGM work in all major languages used across the region, including English, Mandarin Chinese, Malay and Thai.

Connectors to third party apps such as Gmail and Google Business Profile arrive in November, extending QashierGM beyond Qashier to supplier emails, customer enquiries and Google reviews. “A good general manager handles the work wherever it lands, not just inside one system,” added Choo. “This is the first step.”

Qashier processes more than US$1 billion in annualised payment volume for over 25,000 merchants across Singapore, Malaysia, Thailand and the Philippines. The company has been profitable since December 2025 and raised US$6.125 million in Series A+ financing in June 2026. QashierGM is available now to all Qashier merchants in Singapore through QashierHQ on web, Android and iOS, at no additional cost. Crew is included in the Qashier plan and Enterprise plans. Both launch in Malaysia, Thailand and the Philippines in November. To learn more, visit https://qashier.com/sg/.

Hashtag: #Qashier #QashierGM

https://qashier.com/sg/
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https://www.facebook.com/Qashier
https://www.instagram.com/qashier.sg/
Tiktok: https://www.tiktok.com/@qashier.sg

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

Qashier Pte. Ltd.

Qashier is a unified merchant operating system that brings together payments, business software, embedded financial services and customer engagement tools on one platform. Operating across Singapore, Malaysia, Thailand and the Philippines, Qashier supports more than 25,000 SMEs with an integrated ecosystem built for Southeast Asia’s digital economy. Qashier is licensed by the Monetary Authority of Singapore as a Major Payment Institution. Founded in Singapore in 2019, Qashier gives merchants an AI general manager, QashierGM, and a team chat, Crew, through QashierHQ.