Arabian Post Staff -Dubai Abu Dhabi Global Market has reported a 36 per cent rise in assets under management for 2025, capping a year in which the international financial centre also expanded its workforce by 51 per cent and lifted active licences to 12,671. The figures, released as ADGM marked its 10th year of operations, underline how strongly Abu Dhabi has been drawing global fund managers, banks […]
Blackstone has opened talks with investment banks over a possible Mumbai listing of AGS Health that could raise as much as $500 million, according to reports on Tuesday, putting another sizeable healthcare-linked offering on the radar even as the primary market remains more selective than it was a year ago. The discussions are at an early stage, and the proposed float has yet to move into formal filing territory, but people familiar with the matter have said the firm is considering a mix of fresh shares and secondary sales and is seeking a valuation of as much as $3 billion.
AGS Health sits in a part of the healthcare economy that has drawn strong financial interest: revenue cycle management, the business of helping hospitals, physician groups and health systems handle billing, coding, claims, collections and data-led workflow improvement. The company describes itself as a technology-enabled operator serving major healthcare providers in the United States, with intelligent automation and AI woven into those services. On its website, AGS says it processes tens of billions of dollars in accounts receivable annually and supports clients through a large coding and back-office workforce spread across multiple geographies.
The mooted flotation would fit a broader pattern in which buyout firms are trying to crystallise gains from businesses built around outsourced healthcare administration and software-supported services. AGS had already been seen as a prized asset before Blackstone took control, with deal reporting last year and in 2025 pointing to intense interest from private equity groups in the company as well as in peers serving the same market. That activity underlined how investors view healthcare operations platforms as steadier, more scalable assets than many consumer-facing businesses, especially when they are tied to recurring work for hospitals and insurers.
Blackstone’s interest in AGS also reflects the continuing attraction of cross-border healthcare services models anchored in delivery centres in South Asia and the Philippines while selling into the US healthcare system. AGS says it operates globally and markets itself as a strategic growth partner for provider organisations facing rising administrative costs, denial management pressures and a growing need for automation. Its own recent company material has placed heavy emphasis on AI-powered coding, denial management and compliance support, showing how the pitch to clients has shifted from labour arbitrage alone to a combination of software, analytics and domain expertise.
Whether the listing proceeds on the terms being discussed will depend not only on AGS’s financial profile but also on market mood. Reuters has reported that the domestic IPO pipeline remains active, with large names such as Zetwerk and INOX Air Products advancing plans, yet it has also noted that sentiment has been weaker in 2026 after underperformance in some new-age and technology listings and amid heavy foreign outflows from equities linked to geopolitical tensions and oil-price shocks. That makes valuation discipline more important for sponsors seeking exits through public markets.
Healthcare, however, is one of the areas where issuers still believe they can command investor attention. Reuters reported last week that Manipal Health Enterprises filed for an IPO of up to $1.17 billion, betting on demand for specialised care, consolidation and higher insurance coverage. Against that backdrop, AGS would offer investors a different healthcare angle: not hospitals or pharmaceuticals, but the infrastructure of billing, coding and claims management that sits behind care delivery. For fund managers looking for healthcare exposure without direct clinical risk, that model may prove easier to value, though the dependence on US reimbursement systems and hospital spending cycles will remain a point of scrutiny.
Another factor in AGS’s favour is that revenue cycle management has stayed a live consolidation theme. Reuters reported in 2024 that EQT agreed to acquire GeBBS Healthcare Solutions for more than $850 million, while other reports have highlighted interest from major investors in comparable healthcare outsourcing assets. Those transactions suggest that buyers are still willing to pay for scale, client retention and workflow technology in a sector where providers are under constant pressure to improve cash collection and reduce administrative leakage. If Blackstone can pitch AGS as a business with strong client stickiness and growing automation capability, the company may find a receptive audience despite choppier equity conditions.
Google has moved a set of anti-ransomware tools for Drive from beta into full global release, adding a stronger layer of detection and bulk file restoration for organisations using Drive for desktop. The rollout, announced on 31 March, turns ransomware detection on by default for Workspace users, sends alerts to administrators when suspicious encryption activity is detected, and enables file restoration by default to help recover from […]
BANGKOK, THAILAND – Media OutReach Newswire – 31 March 2026 – The European Broadcasting Union (EBU) and Voxovation together with Thailand’s S2O Productions and Channel 3 today announced the debut of Eurovision Song Contest Asia in 2026, with Bangkok selected as the Host City for its inaugural edition, bringing together ten countries across Asia.
South Korea, Thailand, the Philippines and Vietnam are confirmed alongside Malaysia, Cambodia and Laos, as well as Bangladesh, Nepal and Bhutan, with more countries expected to join as the competition expands.
Bringing the world’s largest live TV event to Asia, Eurovision Song Contest is now opening a new chapter shaped by the region’s diversity, creativity and cultural identity, and grounded in the same spirit that has always defined the contest: United by Music.
ZOOP is the revolutionary new social media platform launching globally on 9th of April with a dedicated channel covering the new Eurovision Song Contest Asia. ZOOP will place the audience at the centre of the action, driving participation, community and interaction, with cutting-edge technology behind the experience.
Evolving Eurovision Song Contest with Asia
For seven decades, the Eurovision Song Contest has brought countries together through music, storytelling and live television, reaching audiences of hundreds of millions every year.
Now, in collaboration with leading broadcasters and production companies across Asia, Eurovision Song Contest Asia will build on that legacy, creating a new shared stage where cultures meet, voices are amplified, and creative communities connect across borders.
Rooted in the same spirit that has defined Eurovision Song Contest for generations, the contest carries forward a simple but powerful idea, connecting people through music and shared experiences. In Asia, that idea will take on new meaning, shaped by the region’s extraordinary diversity and creative energy.
Martin Green, Director of the Eurovision Song Contest, said:
“As we mark the 70th anniversary of the Eurovision Song Contest, it feels especially meaningful to open this next chapter with Asia, a region rich in culture, creativity and talent.
This is about evolving the show together with Asia, building something that reflects the voices, identities and ambitions of the region, while staying true to what has always made the Contest special.
Eurovision Song Contest Asia will be shaped by the artists, broadcasters and audiences who make it their own, continuing our shared journey of being United by Music.”
Shaping the Future of Eurovision Song Contest in Asia
Designed to grow with the region, the format brings together countries representing more than 600 million people. With no comparable pan-Asian platform today, it is set to become one of the region’s most talked-about entertainment events.
Powered by exclusive social partner ZOOP, the contest will introduce a fan participation platform where audiences do more than watch. ZOOP gives fans new ways to engage with artists, join communities, and be recognised and rewarded for real participation, while helping create a more direct and meaningful connection between talent and audience.
Peter Settman, CEO & Co-Founder of Voxovation, the exclusive licensee of Eurovision Song Contest Asia said:
“From day one, our ambition has been to build the Eurovision Song Contest Asia together with the region’s best creative talent, creating a show that truly reflects Asia’s identity and creative energy.
Together with S2O Productions, we are shaping a show where artists and fans connect across borders in new ways, through participation, community and deeper engagement beyond the stage, with ZOOP helping bring that fan experience to life.
To bring this incredible show to a new continent is something very special. I look forward to millions of people in Asia watching the competition and singing in front of the TV, dancing to the performances and predicting the outcome.”
Bangkok: Where Tradition Meets Tomorrow
Bangkok is a city where tradition and modern expression coexist seamlessly, it offers a natural home for a contest built on diversity and exchange, connecting artists and audiences from across the region and beyond.
The Contest will be broadcasted in partnership with Thailand’s Channel 3, alongside broadcasters from at least 10 countries across Asia, each bringing their own voice, identity and storytelling to the stage.
Hosting Eurovision Song Contest Asia is expected to generate strong international visibility for Bangkok, while supporting tourism, job creation and the continued growth of Thailand’s creative industries.
Thailand Welcomes The Region And The World
Eurovision Song Contest Asia will provide a powerful platform for artists to share their music, stories and identities with audiences across the region and globally, strengthening cultural exchange between Asia and Europe.
The event further reinforces Thailand’s position as a destination for world-class cultural and entertainment experiences.
Chuwit Sirivajjakul, Deputy Governor for Policy and Planning, at the Tourism Authority said:
“When I heard that the European Broadcasting Union and Voxovation were considering Bangkok as the home for the Eurovision Song Contest Asia, I thought, of course, it should be Bangkok, because this city has always been a place where cultures come together, where music fills the air, and where celebration is part of everyday life.
It is a place where tradition and innovation do not compete. They collaborate. That is the spirit of Eurovision, which celebrates the unity of diverse musical voices from across Asia and beyond.
We believe travel is in the moments that restore you, inspire you, and connect you to something larger than yourself. Eurovision Song Contest Asia embodies exactly that, and we are proud to welcome it home, marking a new chapter for Thailand’s global presence.”
Participating Countries
The inaugural Eurovision Song Contest Asia will bring together broadcasters from across the region, each representing their country with original music and national talent.
Confirmed participating broadcasters include:
Thailand — Channel 3 produced by S2O productions
South Korea
Philippines — ABS-CBN Corporation
Vietnam — Vietnam Television (VTV3) produced by Dao Music Entertainment
Malaysia — Media Prima (TV3)
Cambodia — TV5 Cambodia produced by GIGIL Cambodia
Laos — Vientiane Capital Television (VTE9) produced by 3SD Group & SG Music
Bangladesh — NTV produced by Bongo Holdings
Nepal — Himalaya TV produced by Saujanya Media
Bhutan — Bhutan Broadcasting Service (BBS)
Additional countries and broadcasters are expected to be announced in the coming weeks as the line-up continues to expand.
Journey to the Grand Final
The Grand Final of Eurovision Song Contest Asia 2026 is scheduled to take place in Bangkok on 14 November 2026.
Be part of the journey and follow Eurovision Song Contest Asia at www.eurovisionasia.com
Hashtag: #Voxovation
The issuer is solely responsible for the content of this announcement.
The European Broadcasting Union (EBU) is the world’s leading alliance of public service media, representing over 110 member organizations in more than 50 countries, with an additional 30+ associates worldwide. The EBU operates Eurovision, the premier global media exchange network, and produces the Eurovision Song Contest, one of the world’s most watched live entertainment events, reaching hundreds of millions of viewers annually. Through its work, the EBU supports collaboration, innovation and the sharing of high-quality content across borders.
Voxovation is a global entertainment company focused on developing, producing and scaling large-format television and live events. Founded by industry leaders with extensive experience in international entertainment formats, Voxovation specializes in bringing globally recognized IP to new markets and building original formats that connect audiences across cultures. The company is the exclusive licensee of Eurovision Song Contest Asia and is leading its development, production and commercialization across the region.
S2O, one of Asia’s most iconic live entertainment and production companies known for delivering large-scale events and premium experiences across Asia. Renowned for its world-class production, immersive water elements, and high-energy experiences, S2O will bring its creative and technical expertise to reimagine the Eurovision format for audiences across the Asian region and beyond. As a production partner for Eurovision Song Contest Asia, S2O will support the delivery of world-class live experiences in Bangkok.
ZOOP is a next-generation social platform designed to connect creators, fans and communities through interactive digital experiences. As the exclusive social partner of Eurovision Song Contest Asia, ZOOP powers fan engagement across the platform, enabling participation, content interaction and community-driven experiences at scale. Built on Hedera technology, ZOOP delivers secure, transparent and scalable infrastructure for digital engagement, bringing audiences closer to the action than ever before.
For media enquiries on ZOOP, contact: 
[email protected]
Claude, Anthropic’s large language model, has been thrust into the centre of a fresh debate over software security after researchers at Calif said it helped uncover code-execution flaws affecting Vim and GNU Emacs, two of the most widely used text editors in development and research circles. The disclosure, published on March 30, said a malicious file could trigger arbitrary commands when opened, turning a routine act into […]
CareCloud, a US healthcare technology company, has disclosed that hackers gained unauthorised access to part of its electronic health record infrastructure, triggering fresh scrutiny of cyber resilience across a sector already under pressure from mounting digital attacks and tighter regulatory expectations. The company said the incident was detected on March 16, 2026, after a network disruption in its CareCloud Health division affected one of its six electronic […]
AD Ports Group has used its 2025 Annual Report to make a broader point than a set of earnings figures: Abu Dhabi’s state-backed ports and logistics champion is seeking to prove that scale, corridor strategy and selective overseas expansion can keep lifting returns even as conflict, tariff friction and supply-chain disruption continue to unsettle global trade. The company said revenue for 2025 reached AED 20.77 billion and […]
Arabian Post Staff -Dubai Dubai authorities were battling a fire aboard a Kuwaiti oil tanker on Tuesday after a drone struck the vessel in waters near Anchorage “E”, with officials saying no injuries had been reported and emergency teams were working under established maritime safety protocols. The incident unfolded off Dubai’s coast as maritime firefighting units moved to secure the tanker, contain the blaze and prevent any […]
In 2025, Phancy reported total revenue of RMB7.135 billion, representing a strong year-on-year increase of 35.6%. Adjusted net profit attributable to the parent company reached RMB17.84 million, a milestone reflecting significant advance in operational efficiency, business model strength, and resilience. During the reporting period, the three core business segments — AI Platform, API, and Agentic AI — delivered synergistic growth, with revenues of RMB6.552 billion, RMB79.9 million, and RMB503 million respectively, representing year-on-year increases of 32.0%, 129.2%, and 93.2%. The company has a total of over 1,000 contracted clients with deep penetration across more than 20 high-value industries, including energy, manufacturing, finance, retail, and telecommunications. Order on hand amounted to over RMB8.9 billion, surpassing the Company’s total revenue in 2025.
Dr. Dai Wenyuan, Founder, Chairman of the Board, and Chief Executive Officer of Phancy Group Co., Ltd. said, “2025 was a landmark year for Phancy. We completed a comprehensive strategic upgrade from ‘Fourth Paradigm’ to ‘Phancy Group’, signifying our transformation from an enterprise AI platform to a full-stack AI ecosystem and officially entering the AI 2.0 era. This performance breakthrough validates the development philosophy and strategic vision we have long pursued, demonstrating our forward-looking industry insight and long-term value creation capabilities. As we embrace the next wave of AI, we will continue to focus on ‘AI Agent + World Model’ as our core technology path, strengthen computing power and foundational capabilities, drive deeper value realization of AI, and work with ecosystem partners to build a sustainable intelligent future.”
Performance Highlights:
Business Highlights:
In 2025, Phancy’s three core business segments — AI Platform, API, and Agentic AI — established a multi-engine growth model, creating a cycle of synergy and mutual reinforcement.
AI Platform: Sustained Growth Driver
Driven by strong domestic demand for localization and the national “AI+” initiative, the AI Platform remained the Company’s core growth engine. With its full-stack product portfolio and leading market position, the segment delivered deep integration between computing power and platform services, lowering barriers to AI adoption. Supported by a comprehensive technology framework and a strong customer base, the AI Platform effectively boosted performance and contributed to the Company’s profitability breakthrough.
The Company continued to drive technological iteration, with a strategic focus on three core offerings: PhanthyCloud, HAMi vGPU, and ModelHub XC.
API Business: Fastest Growth Engine
With the rapid adoption of AI Agents, token consumption has grown exponentially. Phancy’s API business, built on a flexible pay-as-you-go model and a comprehensive ecosystem, achieved leapfrog growth, and became the Company’s fastest growing segment. Token revenue for the first quarter of 2026 alone has already surpassed the full-year total for 2025.
The API business is anchored by the Phanthy platform, complemented by PhanRouter and PhanClaw, creating a comprehensive token ecosystem in synergy with the Sage Platform:
Agentic AI: Long-Term Sustainable Growth
Agentic AI serves as the Company’s revenue cornerstone and a “value multiplier” for empowering a wide range of industries. Operating under a Result-as-a-service model and aligned with national “AI+” energy development policies, this segment expanded rapidly across high-value industries, achieving economies of scale and strong growth momentum. Working in synergy with the AI Platform and API businesses, Agentic AI provides long-term support for revenue and contributes to the high-quality development of the Company’s operations.
In terms of business expansion, the Company is focusing on core scenarios in spot electricity trading and medium- to long-term electricity trading. It has developed a full-chain AI solution encompassing forecasting, decision-making, risk control, and post-trading review. This solution has already been deployed in multiple pilot provinces and recognized by key customers, effectively improving efficiency and profitability in wind power, photovoltaics, and energy storage. This model is now being rapidly extended to other industries, including manufacturing and finance.
Future Outlook:
Looking ahead to 2026, Phancy will continue to advance its four strategic priorities: deepening its AI 2.0 roadmap, accelerating the deployment of industrial-grade AI Agents, driving international expansion, and further extending into the consumer market.
In terms of the AI 2.0 roadmap, the Company will continue to pursue its core philosophy of “AI for Everyone”, focusing on foundational technology R&D and real-world deployment. By refining its end-to-end technology system, Phancy aims to lower barriers to AI adoption and enable more enterprises and users to benefit from AI. For industrial-grade AI Agents, the Company will accelerate deployment under a Result-as-a-service model, deepening its presence in key sectors such as energy and finance, and developing replicable, scalable industry solutions, to expand business scale and profitability. On international expansion, Phancy will strengthen partnerships with overseas brands and channels, building a robust global operations framework to support worldwide growth. In the consumer market, the Company will focus on core consumer needs by launching high-experience smart terminal products, further expanding its customer base and establishing a dual-driven growth model powered by both technology and market reach.
Hashtag: #PHANCY
The issuer is solely responsible for the content of this announcement.
Phancy Group (Stock Code: 6682.HK) is a leading artificial general intelligence technology company. Guided by its mission of “AI for Everyone”, the Company is committed to empowering industries across the board through its “AI Agent + World Model” technology approach. Founded in 2014, the Company underwent a comprehensive restructuring in 2025, establishing multiple business divisions including Enterprise Services (Fourth Paradigm), Large Models & AGI (Pantheon), Consumer Electronics (Paradigm Pilot), Smart Energy (PhancyArc), and Smart Sports (Phancy Wonder). To date, the Company has successfully deployed over 10,000 AI applications across sectors such as finance, retail, and healthcare, consistently striving to advance the democratization of AI and help enterprises achieve sustainable growth.
Lloyds Banking Group has disclosed that an IT defect exposed the personal data of up to 447,936 customers after a faulty overnight software update allowed some mobile app users to see other people’s current-account transactions. The incident, which affected the Lloyds, Halifax and Bank of Scotland apps on 12 March, has intensified scrutiny of operational resilience at major lenders as more banking activity shifts to digital channels. […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 March 2026 – PERSOL, Asia Pacific’s leading HR solutions provider, today announced the official launch of PERSOL Outsourcing. This strategic rebranding brings together the collective strengths of P-Serv and EVO, creating a unified, future-ready outsourcing brand designed to help Malaysia businesses navigate an increasingly complex and tech-driven market.
The rebranding of P-Serv and EVO as PERSOL Outsourcing marks a significant milestone in PERSOL APAC’s regional growth strategy. By combining three decades of operational stability with digital capabilities, PERSOL Outsourcing is positioned to deliver tailored end-to-end solutions that integrate People, Process, and Technology.
“The transition to PERSOL Outsourcing is a natural evolution of our deep-rooted presence in Malaysia and the wider region,” said Brian Sim, Managing Director and Country Head of PERSOL Malaysia. “By unifying the specialised domain expertise of P-Serv and EVO, we are better positioned to help our clients navigate the evolving business and workforce landscape. Our clients will continue to work with the same expert teams they trust, but with the added benefit of unified regional scale and enhanced digital capabilities that drive long-term resilience and efficiency.”
Tailored Solutions for an Increasingly Complex Landscape
PERSOL Outsourcing addresses the rising demand for agile delivery models in a regional Business Process Outsourcing (BPO) market that is expected to reach US$147.06 billion by 2032. In Malaysia, Customer Experience BPO market generated US$1.43 billion in 2024 and is projected to grow at a CAGR of 12.5% by 2030. As local and regional enterprises increasingly seek partners who can navigate this rapid growth through specialised domain expertise, PERSOL Outsourcing will focus on delivering solutions across three core pillars:
Effective immediately, P-Serv and EVO will operate under the PERSOL Outsourcing brand. The integration will allow clients to tap into an expanded suite of regional resources and digital innovations designed to drive greater operational efficiency.
For more information, please visit https://www.persoloutsourcing.com/.
Hashtag: #PERSOLOutsourcing
The issuer is solely responsible for the content of this announcement.
PERSOL Outsourcing is a regional strategic partner delivering comprehensive outsourcing solutions that seamlessly integrates people, process, and technology. As a newly integrated brand following the rebranding of P-Serv and EVO, PERSOL Outsourcing unites three decades of operational excellence with deep domain expertise to drive agility and resilience for enterprises across Asia-Pacific.
PERSOL is Asia-Pacific’s leading Staffing and HR solutions partner, operating across 13 markets with deep local insight and regional scale. With more than 140 offices and decades of experience, we deliver integrated workforce solutions that are tailored, tech-enabled, and designed for the dynamic world of work.
We combine human expertise with smart technology to help organisations solve workforce challenges, unlock potential, and stay ahead of change. From recruitment and talent management to workforce strategy and advisory, our collaborative approach puts your goals at the centre.
In 2025, we came together under the PERSOL name – reflecting our bold vision for the future of work and our Group’s Vision: ‘Work and Smile’. Whether you’re building teams, growing careers, or transforming how work gets done, we’re here.
By Nantoo Banerjee The central excise duty cut on petrol and diesel oil to help petro-fuel producers and marketeers partly cover their losses on account of the rising crude oil import prices is an internal government matter. It is not meant to have any impact on retail prices which continue to be very high and […]
The article Petrol, Diesel Levies Need Drastic Cuts For Inflation Control, Economic Growth appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Nasdaq is accelerating the route into its flagship Nasdaq-100 index for large newly listed companies, a rule change that could materially benefit future market debuts such as SpaceX by shortening what has often been a wait of many months. The exchange said the revised methodology will take effect on May 1, allowing certain newly public companies to be assessed by their seventh trading day and, if they […]
Oil is repricing fast. Markets aren’t pricing the consequences. Brent crude has surged more than 55% in March to around $115 a barrel, one of the sharpest monthly moves on record, as conflict involving the US, Israel and Iran intensifies and threats to energy infrastructure escalate. Yet across equities, bonds and currencies, positioning still reflects the belief that this is temporary and reversible. Markets are underestimating what […]
South Africa’s Western Cape High Court has authorised life-saving surgery for a six-year-old girl after her parents withheld consent on cultural and religious grounds, in a ruling that is likely to sharpen debate over the limits of parental authority when a child’s survival is at stake. The case centred on Red Cross War Memorial Children’s Hospital in Cape Town, where doctors said urgent amputations were the only […]
SINGAPORE & MALAYSIA – Media OutReach Newswire – 30 March 2026 – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced a partnership with the Malaysia Forest Fund (MFF), an agency under the Ministry of Natural Resources and Environmental Sustainability of Malaysia (NRES), to strengthen the efforts to protect and conserve Malaysia’s forests while delivering tangible benefits to local communities in Selangor. Through this collaboration, Vantage will contribute to the Penjaga Gunung (Mountain Guardian) project, one of the key initiatives under the Forest Conservation Certificate (FCC) protocol managed by the Malaysia Forest Fund.
His Highness Crown Prince of Selangor Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj and YB Dato’ Sri Arthur Joseph Kurup, Minister of Natural Resources and Environmental Sustainability, witnessed the conservation agreement exchange between Vantage Data Centers, Malaysia Forest Fund and Your Idea Maker for the implementation of the Penjaga Gunung project in Selangor. The initiative covers approximately 108,000 hectares of the Selangor Royal Heritage Forest area and engages villages from the Orang Asli community.
The Penjaga Gunung project aims to foster environmental stewardship among the youth of the Orang Asli, the Indigenous peoples of Peninsular Malaysia, while preserving their cultural heritage and creating sustainable livelihoods for the community. Through structured program and certified skills development, participants will be trained to become nature guides and community rangers, enabling them to develop village-based eco-tourism and conservation services that generate long-term income streams. This new generation of forest guardians will be equipped with essential knowledge to enhance protection of Selangor’s forest reserves and biodiversity while supporting habitat restoration to strengthen ecosystem resilience.
“Our support for Penjaga Gunung turns conservation into high-caliber, meaningful career opportunities. We are shaping a future where sustainable livelihoods and professional skills development go hand in hand with protecting the planet, ensuring that environmental sustainability is guided by the wisdom of protecting indigenous cultural heritage”, said Fitri Abdullah, country managing director, Malaysia of Vantage Data Centers. “Vantage is committed to building and operating our hyperscale digital infrastructure responsibly. We will continue to strengthen the community by investing in workforce development programs and aligning our efforts with local priorities and the Malaysian government’s digital vision.”
Vantage has established a strong presence in Malaysia with two hyperscale campuses in Cyberjaya, Selangor, in addition to one of the region’s largest campuses in Johor, all of which support cloud and AI transformation across the Southeast Asia region. For more information on Vantage’s APAC platform, please visit https://vantage-dc.com/data-center-locations/apac/.
Hashtag: #VantageDataCentre #VDC #MalaysiaForestFund #MFF
The issuer is solely responsible for the content of this announcement.
Vantage Data Centers is a global leader in digital infrastructure serving the world’s most influential AI and cloud providers. With operations spanning North America, EMEA and Asia Pacific, Vantage delivers capacity at unrivaled speed and scale, driven by a relentless commitment to operational excellence and customer success. Vantage is empowering transformative companies to shape the future.
For more information, visit
http://www.vantage-dc.com.
HONG KONG SAR – Media OutReach Newswire – 30 March 2026 – Samsung ‘Solve for Tomorrow,’ a global inter-school technology competition operating in 68 countries, has been held in Hong Kong since 2013, empowering youth to address social and global challenges through innovation. This year, two core themes guided participants: Topic 1: Environmental Sustainability via Technology — Create sustainable solutions to protect our planet via AI, and Topic 2: Social Change through Sport & Tech: For Better Futures — Harness the power of AI technology and sports to open new opportunities. Both themes rigorously challenged students to innovate beyond traditional boundaries, leveraging AI and cutting-edge technologies to develop creative, practical solutions to complex societal issues and actively shape a better future.
Running from September 2025 to March 2026, the competition, co-organized by AiTLE and fully backed by the HKSAR Education Bureau’s ‘Business-School Partnership Programme’ and Hong Kong Education City, attracted over 250 teams from 100 tertiary, secondary and primary schools. Each team demonstrated unique technological approaches to tackle pressing social issues.
Yiyin Zhao, Managing Director, Samsung Electronics H.K. Company, Limited, stated: ‘Samsung has always believed technology is not merely a tool for changing lives, but a vital force driving social progress. ‘Solve for Tomorrow’ empowers young people to leverage creative thinking and technology to address real-world needs and challenges. It’s more than a competition; it’s a journey of innovative exploration that nurtures and empowers the younger generation. The widespread adoption of AI, in particular, presents unprecedented opportunities for innovation. This year, we were delighted to see students actively using AI and diverse technological solutions across the community, environment, sports, and sustainability, submitting outstanding, inspiring, and practical work. This truly demonstrates the remarkable creativity, keen observation, and effective problem-solving skills of Hong Kong’s youth.”
Samsung Nurtures Tomorrow’s Tech & Innovation Leaders
She also hopes the competition will encourage more students to step out of their comfort zones: “Beyond stimulating creativity and developing innovative solutions, we aim to cultivate critical skills: problem-solving, critical thinking, teamwork, and communication. This equips students to navigate the challenges of our rapidly evolving intelligent era confidently. We believe this competition will discover and cultivate the next generation of innovation and technology talent, contributing significantly to both Hong Kong’s and global innovation.
Samsung Solve for Tomorrow extends beyond monetary rewards, actively aligning with the Education Bureau’s ‘Business-School Partnership Programme’ to provide invaluable hands-on experience. Tertiary champions secure corporate internships, while secondary champions and first runners-up gain critical work experience, preparing them for future careers. The competition ignites students’ passion for technology and STEM, building a robust foundation for their innovation journeys and continually inspiring alumni to pursue pioneering solutions.
Final Awards Reveal Extraordinary Creativity
After the initial judging round, 95 outstanding projects advanced. They then refined their innovative solutions in Design Thinking workshops and through expert guidance. The judging panel then selected the nine finalists—the top three teams from each category, who will present their detailed project concepts and results, vying for the ultimate recognition.
Tertiary Category Champion “AquaPulse” – Developed by the Hong Kong Institute of Vocational Education (Shatin), AquaPulse is an AI coastal protection system powered by continuous 24/7 tidal and solar energy with integrated storage. It reliably detects abnormalities such as falling into the sea, even at night or in adverse weather, using millimeter-wave radar and AI vision. Upon detection, it instantly notifies rescue teams via lamppost positioning, significantly shortening response times. AquaPulse also monitors environmental data, aiming to create safer, more sustainable waterfronts for Hong Kong.
Secondary Category Champion “Plastine” – Developed by St. Paul’s College, Plastine is a solar-powered microplastic removal system for freshwater environments. It utilizes advanced electrocoagulation with aluminum electrodes to aggregate microplastics for efficient filtration and collection. Combining IoT sensors and AI algorithms, Plastine intelligently identifies optimal deployment locations. Focused on Hong Kong’s microplastic-rich rivers, it purifies water, safeguards public health, and restores aquatic ecosystems.
Primary Category Champion “Yoga 24 Go!” Wellness Exercise App – Developed by Tai Po Old Market Public School, “Yoga 24 Go!” is an innovative wellness application. It intelligently integrates the health wisdom of Traditional Chinese Medicine’s 24 solar terms with the body’s 12 meridians. Guiding users through specific yoga poses for each solar term, the app promotes “seasonal wellness” by targeting health goals such as nourishing the liver in spring, the heart in summer, the lungs in autumn, and the kidneys in winter
Award List (for details, please refer to the appendix):
| Tertiary Category | Champion |
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| 1st Runner-up |
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| 2nd Runner-up |
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| Merit Award (3 teams) |
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| Secondary Category | Champion |
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| 1st Runner-up |
|
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| 2nd Runner-up |
|
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| Merit Award (3 teams) |
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| Primary Category | Champion |
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| 1st Runner-up |
|
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| 2nd Runner-up |
|
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| Merit Award (3 teams) |
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| The Most Active Participating School Award |
|
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Hashtag: #Samsung #SolveforTomorrow
The issuer is solely responsible for the content of this announcement.
Samsung Solve for Tomorrow is an annual competition that brings together the creativity and passion for new technologies of young people around the world to solve social problems in local communities. In 2013, Samsung introduced this meaningful event to Hong Kong, inspiring tens of thousands of students to develop innovative solutions to address social issues in the City. Samsung is promoting the new educational philosophy of STEM. Besides encouraging Hong Kong students to deepen their knowledge of STEM – Science, Technology, Engineering and Mathematics – Samsung hopes that they can develop empathy and a sense of responsibility and apply their STEM knowledge to contribute to society. Through the competition, Samsung hopes to cultivate tomorrow’s thought leaders, equipping them with both technological knowledge and a sense of responsibility as global citizens. To learn more about Samsung Solve for Tomorrow, please visit: https://hkclubs.samsung.com/hk/offer/solvefortomorrow2025/
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, memory, system LSI, foundry and LED solutions, consistently elevating their performance and innovation to new heights. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com/.
Omniyat Holdings has said it has enough liquidity to handle its debt obligations after Fitch placed the Dubai ultra-luxury developer on Rating Watch Negative, citing geopolitical risk linked to the Iran war and the potential for weaker buyer demand in Dubai and across the Gulf. The company said it held more than AED 5.3 billion in cash, cash equivalents and other financial assets at the end of […]
North Korea has carried out a ground test of a newly upgraded high-thrust solid-fuel engine, with leader Kim Jong-un saying the development would strengthen the country’s strategic strike capability and advance its military modernisation drive. State media said Kim observed the test and described it as an important step in the ruling party’s five-year defence plan, a programme that has centred on building faster-launching missiles and a […]
Mubadala Energy has tightened its grip on one of Southeast Asia’s most closely watched offshore gas provinces after winning the Southwest Andaman exploration Production Sharing Contract in Indonesia, a move that extends the Abu Dhabi-based company’s push to build scale in the country’s Andaman basin. The block was awarded by Indonesia’s oil and gas regulator, Direktorat Jenderal Minyak dan Gas Bumi, under the second bid round for […]
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India’s rupee surged on Monday after the Reserve Bank of India tightened banks’ foreign-exchange position limits, forcing lenders to cut dollar holdings and unwind arbitrage trades that had built up as the currency slid to a record low at the end of last week. The rupee rose as much as 1.4% in early trade and was quoted around 93.48 to 93.85 per US dollar, marking its sharpest one-day gain since February.
The immediate trigger was the RBI’s March 27 directive capping banks’ net open rupee positions in the onshore deliverable market at $100 million by the close of each business day from April 10. That replaced a looser framework under which banks’ boards could set limits up to 25% of total capital. Traders said the order prompted a burst of dollar selling as banks moved to reduce exposures that had become profitable while the rupee was weakening.
The rebound followed a bruising stretch for the currency. On Friday, the rupee hit a record low of about 94.84 to the dollar after heavy pressure from higher crude prices, risk aversion and foreign outflows. Reuters reported the rupee had fallen more than 4% in March, putting it on course for its worst monthly performance in more than seven years, while broader anxiety over the Middle East conflict and its implications for energy markets deepened concern over India’s import bill and external balance.
At the centre of the RBI’s move is the gap between the domestic market and the offshore non-deliverable forward, or NDF, market. Banks had been exploiting pricing differences between the two venues, building large arbitrage books that were profitable during the rupee’s slide. Estimates for those positions vary, but Reuters and other market reports put them broadly in the $25 billion to $50 billion range. By suddenly tightening the rules, the central bank appears to have targeted not only volatility in the spot market but also the speculative mechanics that were amplifying pressure on the currency.
That has given the rupee breathing room, but it has also shifted the strain onto banks. Lenders have warned that rapid compliance could force a disorderly unwinding of positions and crystallise losses in treasury books. Several banks have asked the RBI for three months to comply, arguing that a phased adjustment or permission to hold existing trades to maturity would reduce the risk of market disruption. Equity investors appeared to register that concern, with banking shares falling amid estimates that mark-to-market losses could run into thousands of crores if the unwind is abrupt.
The central bank’s intervention is being read in dealing rooms as one of its strongest attempts in years to reassert control over rupee pricing. Market participants said the RBI has already been active in local and offshore markets, using reserves and liquidity tools to keep the currency from sliding too quickly. The new cap adds a regulatory weapon to that defence. It also sends a signal that the central bank is prepared to curb trading strategies it sees as destabilising, even at the cost of squeezing bank profitability in the short term.
Whether the rupee can hold on to these gains will depend less on technical unwinding and more on the backdrop that pushed it down in the first place. Brent crude has climbed sharply, with Reuters reporting a move above $115 a barrel on Monday and a monthly gain of nearly 60%. For an economy that imports the bulk of its oil, that raises the risk of a wider current account deficit, imported inflation and renewed pressure on the currency. Bond yields also edged higher, indicating that traders remain alert to the wider macroeconomic fallout even as the rupee recovers ground.
