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Portugal’s gambling regulator has instructed crypto-based prediction market Polymarket to cease offering its services in the country within 48 hours, intensifying scrutiny of online platforms that allow users to wager on political and real-world outcomes without national authorisation. The Serviço de Regulação e Inspeção de Jogos, which oversees gambling activity under Portugal’s Tourism Authority, said the platform was operating illegally by facilitating bets without a licence and […]

By Nitya Chakraborty 2025 was the year of the maverick U.S. President Donald Trump. The developments during the year beginning January 20 evolved around Trump. He was the key decision-maker, irrespective of what other countries leaders felt. He cared little for the United Nations, WTO, WHO and all other multilateral bodies. He openly said ‘I […]

The article 2025 Was Donald Trump’s Year But 2026 Is Going To Be The Year With Xi Jinping’s Domination appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

  MCP servers are emerging as a practical backbone for how advanced AI systems interact with real-world data and software, shifting the focus from monolithic models to modular, controllable services. Rather than embedding every capability inside a single model, MCP servers act as specialised microservices that expose clearly defined tools the AI can call on demand, allowing complex tasks to be broken into manageable, auditable steps. At […]

Vercel has unveiled a new product called Skills, positioning it as a shared marketplace of reusable capabilities for AI coding assistants and framing it internally as an “npm for AI agents”. The launch reflects growing pressure on developers and platform companies to bring consistency, security and best practices to the rapidly expanding use of autonomous and semi-autonomous coding tools across production environments. According to the company, Skills […]

BARCELONA, SPAIN – Media OutReach Newswire – 20 January 2026 – In 2025 alone, more than 10 major power outages disrupted electricity supplies worldwide, affecting over 1.2 billion people. Ensuring system stability has remained a top priority for global power companies.

Jason Li, President of Global Marketing & Solutions, Electric Power Digitalization BU, Huawei
Jason Li, President of Global Marketing & Solutions, Electric Power Digitalization BU, Huawei

Stability is not their only concern, however; the drive toward carbon neutrality is accelerating the adoption of renewable energy and electrification. Integrating large amounts of new energy sources and managing unpredictable new loads requires flexibility from power systems.

Jason Li, President of the Marketing & Solution Sales Dept of Huawei Electric Power Digitalization BU, explained that “In the past, we relied mostly on automation to address issues in power grids. In the future, however, power grids will transform from mere transmission systems into pivotal players in the energy transition. Digitalization and AI are shifting from optional upgrades to essential elements in core power generation. Together with automation, they form the key drivers for modernizing power grids.”

He added, “We believe that deeply integrating digital technologies into power scenarios and reshaping production and operations with telecommunications and AI will enable grids to achieve both ultimate stability and flexibility.”

Intelligent Electric Power Booth
Intelligent Electric Power Booth

The large-scale integration of distributed PV, energy storage, and charging piles into the grid, coupled with growing user interaction and potential load-side transactions, presents new challenges for maintaining the balance, stability, and security of distribution networks.

“The breakthrough for future power systems lies in the distribution network,” Jason noted. “And the key to addressing distribution challenges is transparency at the 400 V low-voltage level. To achieve this, Huawei and partners have jointly developed the intelligent distribution solution (IDS) for transparent low-voltage management.”

At Mobile World Congress 2026 in Barcelona, Huawei will showcase its latest AI applications in power digitalization, including innovative solutions for intelligent power distribution, substations, and power plant inspections. To explore successful digital transformation in the power sector, visit the Huawei booth at stand 1H50, Fira Gran Via Hall 1.

Hashtag: #Huawei

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

HONG KONG SAR – Media OutReach Newswire – 20 January 2026 – Shell Hong Kong Limited (Shell) and the Transport Office of The Chinese University of Hong Kong (CUHK) held the “CUHK x Shell Electric School Bus Charging Station Opening Ceremony” on 15 January 2026, marking a significant milestone in advancing sustainable campus transportation. With the dedicated support from Shell, CUHK has launched its first Shell Recharge electric school bus charging station on campus, equipped with two fast chargers delivering up to 120 kW of power to provide efficient charging support for the university’s phased introduction of new energy school buses. Together with this initiative, the Hong Kong Productivity Council (HKPC) has provided CUHK with the first hybrid school bus on a Hong Kong university campus, making the first adoption of a hybrid school bus as a low-carbon transportation solution in local university campuses.

Shell and CUHK held the "CUHK x Shell Electric School Bus Charging Station Opening Ceremony" (From left to right: Mr. Kenneth Chung, Network Development & E-Mobility Manager of Shell Hong Kong Limited,Mr. Donald Lee, Transport Manager, The Chinese University of Hong Kong, Mr. Simon Lee, Director of Security and Transport, The Chinese University of Hong Kong, Mr. Dick Chan, General Manager of Shell Commercial Fuels- Hong Kong and Macau, Mr Yonghai Du, Chief Innovation Officer, Hong Kong Productivity Council and General Manager, Centre of Advanced Power and Autonomous Systems (APAS), Mr Ralph Xu, Head of Green Transportation, Centre of Advanced Power and Autonomous Systems (APAS))
Shell and CUHK held the “CUHK x Shell Electric School Bus Charging Station Opening Ceremony” (From left to right: Mr. Kenneth Chung, Network Development & E-Mobility Manager of Shell Hong Kong Limited,Mr. Donald Lee, Transport Manager, The Chinese University of Hong Kong, Mr. Simon Lee, Director of Security and Transport, The Chinese University of Hong Kong, Mr. Dick Chan, General Manager of Shell Commercial Fuels- Hong Kong and Macau, Mr Yonghai Du, Chief Innovation Officer, Hong Kong Productivity Council and General Manager, Centre of Advanced Power and Autonomous Systems (APAS), Mr Ralph Xu, Head of Green Transportation, Centre of Advanced Power and Autonomous Systems (APAS))

First Shell Recharge Electric School Bus Charging Station installed in CUHK

As one of the leading global energy companies, Shell continues to focus on its strategy to deliver more value with less emissions while working to become a net-zero emissions business by 2050, contributing to global decarbonisation. This year, Shell installed CUHK’s first Shell Recharge electric school bus charging station, featuring two fast chargers with a power output of 120 kW, ensuring rapid and efficient energy replenishment for CUHK’s electric school buses. At the same time, Shell consistently upholds high safety standards, with stringent controls in the design, installation, and operation of the charging station to ensure a safe and reliable electric vehicle charging experience.

Since 2018, Shell has supported CUHK’s sustainability initiatives by supplying Shell FuelSave Diesel B5 for the university’s fleet, helping reduce emissions and enhancing operational efficiency. The collaboration has expanded with the introduction of fast-charging facilities further modernises CUHK’s transportation system and accelerates the adoption of innovative low-carbon technologies. Looking ahead, Shell will continue to work with CUHK to lead the development of advanced mobility solutions and demonstrate leadership in campus sustainability.

Mr. Yew Chong Tan, General Manager of Shell Commercial Fuels East, commented, “At Shell, we are committed to working with customers and partners to provide holistic energy solutions that power progress together. The installation of this electric school bus charging station at The Chinese University of Hong Kong exemplifies our dedication to such collaboration as we navigate the energy transition.”

First Shell Recharge Electric School Bus Charging Station installed in CUHK (From left to right: Mr. Donald Lee, Transport Manager, The Chinese University of Hong Kong, Mr. Simon Lee, Director of Security and Transport, The Chinese University of Hong Kong, Mr Yew Chong Tan, General Manager of Shell Commercial Fuels East, Mr. Dick Chan, General Manager of Shell Commercial Fuels- Hong Kong and Macau)
First Shell Recharge Electric School Bus Charging Station installed in CUHK (From left to right: Mr. Donald Lee, Transport Manager, The Chinese University of Hong Kong, Mr. Simon Lee, Director of Security and Transport, The Chinese University of Hong Kong, Mr Yew Chong Tan, General Manager of Shell Commercial Fuels East, Mr. Dick Chan, General Manager of Shell Commercial Fuels- Hong Kong and Macau)


First Hybrid School Bus to Begin Operates at CUHK

The Hong Kong Productivity Council (HKPC) has provided CUHK with the first hybrid school bus ever deployed on a Hong Kong campus, which helps reduce diesel consumption and lower exhaust emissions compared to regular diesel coaches. When utilizing fast charging directly, it can reach an 80% battery charge in as little as 25 minutes.

Mr. Yonghai Du, Chief Innovation Officer of HKPC and General Manager, Centre of Advanced Power and Autonomous Systems (APAS), added, “This 12-meter plug-in hybrid bus is the first green transport project designed, developed, and assembled in Hong Kong by APAS, funded by the Innovation and Technology Fund and supported by our industry partners. This collaboration exemplifies the shared commitment of academia and industry to social responsibility. HKPC will continue to pioneer diverse innovative solutions, foster collaboration among ‘Government, industry, academia, research, investment, and applications’, expand the application demonstration of new technologies, products, and scenarios, and drive the transition towards green transportation.”

CUHK Advances Low-Carbon Transportation

These two major initiatives not only highlight CUHK’s dedication to sustainable development but also set a new standard for environmentally conscious transformation in transportation across Hong Kong.

Mr. Simon Lee, Director of Security and Transport at The Chinese University of Hong Kong, stated, “CUHK is committed to promoting sustainable development and embedding environmental protection principles within daily campus operations. By installing the EV charging station and introducing the hybrid campus bus, we aim to offer convenient transportation for staff and students while reducing carbon emissions and achieving low-carbon mobility. I would like to express my heartfelt gratitude to Shell for its strong support of the charging station project and to the Hong Kong Productivity Council for its professional assistance in introducing the hybrid campus bus, enabling us to jointly drive campus transportation toward a new green milestone.”

Hashtag: #Shell #CUHK #ElectricBusChargingStation

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

Pressure is building on academic institutions across the United Kingdom to reassess their presence on X, as concerns over platform governance, content moderation and reputational risk sharpen following a series of controversies linked to the social media network owned by Elon Musk. Data tracking institutional behaviour suggests higher education may be nearing a decisive shift, with more universities poised to disengage than remain active. Debate over academic […]

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OpenAI is preparing to introduce its first dedicated device later this year, marking a shift from being solely a software-led artificial intelligence company to one that also delivers consumer hardware designed around its models and services. The plan, acknowledged by people familiar with the company’s roadmap and echoed in public remarks by senior executives, signals OpenAI’s ambition to embed its technology more directly into everyday use beyond […]

France has moved to convene a meeting of Group of Seven finance ministers this week as tensions escalate with the United States over proposed tariffs linked to a high-profile dispute about Greenland. Paris is spearheading coordinated Western efforts to address what it and other European capitals describe as coercive trade threats from Washington, and to explore collective avenues for diplomatic and economic response amidst deepening strain in […]

New York Stock Exchange plans to introduce continuous, 24-hour trading for United States equities through a newly designed on-chain, tokenised exchange, marking a structural shift in how shares could be issued, traded and settled across time zones. The proposal, disclosed by people familiar with the exchange’s roadmap and echoed in public briefings around digital market infrastructure, would extend trading beyond traditional hours while keeping securities within a […]

Linux gaming has crossed a symbolic threshold on Steam, with the platform’s hardware and software survey showing the operating system accounting for more than 3% of active users. That growth, driven by improvements in compatibility layers, better drivers and the popularity of handheld PCs, has prompted Opera to roll out native Linux support for its GX browser, a product long marketed directly at gamers on Windows and […]

SINGAPORE – Media OutReach Newswire – 19 January 2026 – Madame Tussauds Singapore hosted an exclusive fan meet event on 16 January 2026, featuring international music and entertainment icon AGNEZ MO, bringing fans up close with the superstar in an intimate and memorable setting.

AGNEZ MO Fan Meet

The special appearance marked a meaningful reunion between AGNEZ MO and her wax figure, which was first unveiled at Madame Tussauds Singapore in 2022. The fan meet offered a rare opportunity for fans to reconnect with the multi-talented artist while celebrating her continued global success.

AGNEZ MO Fan Meet

During the event, AGNEZ MO shared that the wax figure represents more than just a statue. To her, it symbolises her music, artistry, and global impact, as well as the connection she has built with fans around the world. She expressed her deep gratitude for the honour, emphasising the significance behind the tribute.

“It’s not just a wax figure, it’s what it represents,” said AGNEZ MO, reflecting on the meaning behind her wax figure and the impact she hopes to continue making through her work.

The event also highlighted an exciting milestone in AGNEZ MO’s career – her upcoming role in Prime Video’s Reacher Season 4. This follows the massive success of Reacher Season 3, which became the most-watched returning series on Prime Video, further cementing AGNEZ MO’s growing presence on the international screen.

This exclusive fan meet was proudly supported by the Singapore Tourism Board and W Singapore – Sentosa Cove, underscoring Singapore’s position as a vibrant destination for world-class entertainment and cultural experiences.

“We are delighted to partner with Madame Tussauds Singapore to welcome Indonesian global talent, AGNEZ MO, to Singapore. Through her lens, we aim to bring to life the spirit of energy and fun Destination Singapore has to offer across a diverse mix of iconic attractions, immersive experiences, and convenient accessibility. We hope to inspire AGNEZ MO’s global fans to visit and discover the many exciting possibilities that await,” said Lim Si Ting, Singapore Tourism Board, Area Director, Indonesia (Surabaya).

Held within the immersive attraction, the fan meet featured close interactions with AGNEZ MO, exclusive photo moments, and heartfelt exchanges with fans, making it a standout experience for attendees and a celebration of her journey across music, film, and television.

Madame Tussauds Singapore continues to be a platform where fans can connect with global icons through unique, real-life experiences, blending entertainment, storytelling, and celebrity culture.

For more information about Madame Tussauds Singapore, please visit https://www.madametussauds.com/singapore/

For media enquiries related to the Singapore Tourism Board and Destination Singapore, please contact:

Sisi Suhardjo, Head of Public Relations, Iris Worldwide
Tel: +62 818 754 229
For any other enquiries, please contact:
Denise Lim, Marketing Executive, Madame Tussauds Singapore

Hashtag: #MerlinEntertainments #MadameTussaudsSingapore

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

Madame Tussauds Singapore

Madame Tussauds has been inviting people to walk the red carpet and get closer to the revered – and feared – for over 250 years. With 22 attractions in the world’s top destination cities, we are dedicated to giving millions of visitors the opportunity to mingle with the mighty from A-listers to music legends, heroes of sport, to infamous world leaders. Today, we continue to partner with the global icons of a generation to create astonishing lifelike figures from sittings and offer exciting and interactive experiences to ensure guests have never felt closer to fame.

About Merlin Entertainments
Merlin Entertainments is a world leader in branded entertainment destinations, offering a diverse portfolio of resort theme parks, city-centre gateway attractions and LEGOLAND Resorts which span across UK, US, Western Europe, China and Asia Pacific. Dedicated to creating experiences that inspire joy and connection, Merlin welcomes more than 62 million guests annually to its growing estate, with over 140 sites across 23 countries. An expert in bringing world-famous entertainment brands to life, Merlin works with partners including the LEGO Group, Sony Pictures Entertainment, Peppa Pig, Dreamworks and Ferrari to create destinations where guests can immerse themselves in a wide array of brand-driven worlds, rides, and uplifting learning experiences. See for more information.

UAE President Sheikh Mohamed bin Zayed Al Nahyan arrived in New Delhi on a working visit, marking another step in the steady expansion of political, economic and strategic ties between Abu Dhabi and New Delhi. He was received at the Palam Air Base by Prime Minister of India Narendra Modi, accompanied by senior members of the Union Cabinet and officials from the external affairs establishment, underscoring the importance both sides attach to the engagement.

The visit places renewed focus on deepening UAE–India partnership at a time when bilateral cooperation spans trade, energy security, technology, defence and people-to-people exchanges. Officials said discussions during the visit would review progress under existing agreements while identifying new areas for collaboration aligned with long-term economic and geopolitical priorities.

The UAE and India have built a close relationship over the past decade, anchored by high-level political engagement and sustained institutional cooperation. The elevation of ties to a Comprehensive Strategic Partnership has provided a framework for collaboration across sectors, with regular leader-level interactions helping to maintain momentum. Sheikh Mohamed and Prime Minister Modi have met frequently on the margins of multilateral forums and through bilateral visits, creating a rapport that has translated into concrete outcomes.

Trade and investment remain central to the agenda. Bilateral non-oil trade has expanded significantly following the implementation of the Comprehensive Economic Partnership Agreement, which reduced tariffs, simplified customs procedures and opened services markets. Officials on both sides view the agreement as a catalyst for further growth, particularly in manufacturing, logistics, food security and digital services. The UAE has also emerged as a major investor, with sovereign and private capital flowing into infrastructure, renewable energy, ports and technology ventures.

Energy cooperation continues to be a pillar of the relationship. The UAE is a key supplier of crude oil and liquefied natural gas, while joint investments in strategic petroleum reserves and downstream assets have added depth to the partnership. As both countries pursue energy transition goals, collaboration has widened to include renewables, green hydrogen and climate technology, reflecting shared commitments to sustainability and diversification.

Defence and security cooperation has gained prominence amid evolving regional and global challenges. Regular joint exercises, intelligence exchanges and defence industrial cooperation have strengthened interoperability and trust. Counter-terrorism, maritime security and cyber resilience are areas where officials see scope for closer coordination, particularly given the shared interest in stable sea lanes and secure digital infrastructure.

Technology and innovation feature prominently in the discussions. The UAE’s push to position itself as a hub for advanced technologies aligns with New Delhi’s focus on digital public infrastructure, fintech and start-up ecosystems. Partnerships between research institutions, technology firms and start-ups have expanded, supported by policy initiatives and investment platforms designed to facilitate cross-border collaboration.

The large expatriate community also shapes the relationship. Millions of people from India live and work in the UAE, contributing to its economy and cultural diversity, while remittances and professional exchanges strengthen social and economic links. During past engagements, leaders have highlighted the role of this community as a bridge between the two nations, with initiatives aimed at skills development, worker welfare and cultural exchange.

On the multilateral front, both countries coordinate positions on regional stability, economic governance and climate action. Cooperation within forums such as the G20, where the UAE has participated as a guest under New Delhi’s presidency, has reinforced alignment on development priorities, debt relief for vulnerable economies and sustainable growth.

Officials familiar with the visit said meetings would assess progress on commitments made during earlier engagements and set timelines for new initiatives. Agreements and memoranda of understanding under consideration span sectors including education, healthcare, space cooperation and financial services, reflecting the breadth of the partnership.

Arabian Post Staff -Dubai Two students from Georgetown University in Qatar have secured places in the highly selective Schwartzman Scholars programme, marking a notable academic milestone for the Doha-based campus and underscoring the growing links between Middle East institutions and leading centres of study in China. Kingwell Ma and Zarrish Ahmed have been awarded fully funded, one-year master’s degrees in Global Affairs at Tsinghua University in Beijing, […]

Markets has begun offering around-the-clock, on-chain trading of a synthetic version of Tesla stock, a move that sharpens the debate over how far crypto platforms can go in replicating traditional equities without triggering the full weight of securities regulation. The product, described by Markets as a tokenised representation of Tesla, allows traders to take leveraged positions of up to 12 times and to buy or sell at […]

Bitcoin has pushed through a stubborn price ceiling near $95,000, reviving bullish sentiment after weeks of consolidation, yet underlying data points to a phase of heightened risk as participation from smaller wallet holders continues to thin. The advance, driven largely by institutional flows and derivatives positioning, has brought the market back to levels that previously triggered sharp corrections, prompting analysts to warn that price strength may be […]

China’s annual number of births has fallen to its lowest level since the founding of the People’s Republic in 1949, deepening demographic pressures on the world’s second-largest economy and intensifying debate over the limits of policy intervention to reverse long-term population decline. Official demographic data show that just over nine million babies were born nationwide during the last full calendar year reported, extending a downward trend that […]

ESET MDR delivers industry-leading real-time detection and a mean-time-to-respond (MTTR) of 6 minutes to keep businesses secure

SINGAPORE – Media OutReach Newswire – 19 January 2026 – ESET, a global leader in cybersecurity solutions, today announced the launch of two Managed Detection and Response (MDR) subscription tiers: ESET PROTECT MDR for small and medium businesses (SMBs) and ESET PROTECT MDR Ultimate for enterprises in Singapore.

Bridging the gap with MDR

ESET PROTECT MDR delivers a comprehensive cybersecurity package, offering 24/7/365 superior protection. This includes modern protection for endpoints, email, and cloud applications, vulnerability detection and patching, and managed threat monitoring, hunting, and response. For enterprises, ESET PROTECT MDR Ultimate offers continuous proactive protection and enhanced visibility, coupled with customised threat hunting and remote digital forensic incident response assistance.

ESET’s APAC SMB Cybersecurity Report 2024 revealed that 49% rate lacking a dedicated cybersecurity team and 52% rated keeping up with the latest threats as one of the top three cybersecurity challenges in Singapore. 31% also cited alert fatigue as the biggest challenge. Incidentally, APAC also faces the largest shortage of cybersecurity experts in the world. These highlight the urgent need for skilled cybersecurity professionals and managed services that can help bridge the country’s growing talent gap. ESET’s MDR services ensure organisations of all sizes and cybersecurity maturity to stay one step ahead of all known and emerging threats, effectively closing the cybersecurity talent gap, and facilitating expert consultations for incident management and containment in a fully managed experience.

ESET MDR delivers a remarkable 6-minute Mean Time to Respond (MTTR) — the fastest in the industry*. In comparison, the median time for organizations to detect a breach is 24 days**, leaving critical systems and data exposed for weeks. Every hour that a breach goes undetected dramatically increases the risk of data loss, operational disruption, and financial damage.

“Cyber threats are becoming more sophisticated and more time-critical, especially in highly connected digital economies like Singapore,” said Pamela Ong, Country Manager of Asia and Singapore at ESET. “Our AI-powered MDR services combine automation, human expertise, and global threat intelligence to help organisations move beyond reactive security. The ability to detect and respond within minutes can make the difference between a contained incident and a major breach.”

ESET’s MDR services Meet the Unique Challenges of MSPs

ESET recognises the growing pressures facing MSPs who must balance the critical task of securing clients’ complex IT environments with their own business growth and operations. With threat actors going heavy on supply-chain attacks and abusing MSP tooling, MSPs too find themselves fixed in the crosshairs of cybercriminals. Simply put, MSPs are not only potential victims, but also potential accessories to a crime. To help MSPs fulfill their security potential, ESET’s MDR is also designed to be deployed in an MSP environment with a single solitary security service, available 24/7 that help MSPs to secure themselves as well as their clients.

For more information, please visit www.eset.com/sg

*Based on publicly available information as of 1 October 2025.
**Verizon 2025 Data Breach Investigations Report

Hashtag: #ESET

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

About ESET

ESET® provides cutting-edge digital security to prevent attacks before they happen. By combining the power of AI and human expertise, ESET stays ahead of known and emerging cyberthreats — securing businesses, critical infrastructure, and individuals. Whether it’s endpoint, cloud, or mobile protection, our AI-native, cloud-first solutions and services remain highly effective and easy to use. ESET technology includes robust detection and response, ultra-secure encryption, and multifactor authentication. With 24/7 real-time defense and strong local support, we keep users safe and businesses running without interruption. An ever-evolving digital landscape demands a progressive approach to security: ESET is committed to world-class research and powerful threat intelligence, backed by R&D centers and a strong global partner network. For more information, visit or follow us on , , and .

Pioneering Logistics Data Connectivity to Empower SME Financing

HONG KONG SAR – Media OutReach Newswire – 19 January 2026 – In response to the evolving global trade landscape and accelerating digital transformation, Hong Kong is consolidating its strength and reinforcing its position as an International Trade Centre while driving industry digitalisation. PAO Bank Limited (“PAObank”) has actively support the HKSAR Government’s initiatives to promote data-sharing infrastructure and financial technology development. PAObank adopted data from “Port Community System” (“PCS”), serving as a pilot case to explore the potential of the PCS data in replacing traditional freight documentation. PAObank has been invited to join PCS Rollout Ceremony, sharing professional insights on leveraging cargo data to promote digital trade finance.

The PCS enables interoperability of logistics data across sea, land and air transport, establishing a comprehensive and reliable logistics footprint for cargo transiting through Hong Kong. PAObank, as the first digital bank to participate in the Commercial Data Interchange initiative, has become a leader in harnessing alternative data to streamline financing process. PAObank was invited to PCS Rollout Ceremony on 16 January to share its practical experience in utilising PCS for trade finance. The real-time import/export customs declaration and cargo data provided by PCS empower banks to better understand the trade and capital flows of SMEs, thereby reducing credit costs and enhancing the efficiency of trade finance.

Mr. Ambrose Wong, Alternate Chief Executive & Chief Risk Officer of PAObank, remarked in the panel discussion, “As one of the Ping An Group’s integrated financial platforms in Hong Kong, PAObank is driven by the vision of empowering finance through technology. We are at the forefront of utilising alternative data to simplify SME financing and establishing industry benchmarks. Traditional port information is often fragmented, and banks lack access to consolidated trade data, making it difficult to assess business operations and credit risks in a timely and accurate manner, which affects financing efficiency. PCS provides unified, reliable, and comprehensive logistics data, further breaking down industry data barriers. This enables banks to access real-time data, quickly and accurately evaluate SME business conditions, and conduct more precise credit approvals to meet SMEs’ funding needs and help them seize business opportunities.”

Mr Ambrose Wong continued, “PAObank is honoured to serve as one of the pilot cases for the PCS, contributing to system optimisation and the realisation of cross-sector data sharing. PAObank will continue to support the HKSAR Government in jointly promoting the digitalisation of trade finance, deepening application scenarios, and enabling more SMEs to benefit from robust data-sharing infrastructure, contributing to strengthening Hong Kong’s position as an international financial and trade centre.”

Looking ahead, as part of Ping An Group’s integrated financial platforms in Hong Kong, PAObank will continue to strengthen its commercial data utilisation, integrating diverse data from trade, logistics and finance to unlock data potential. The bank will continue to be the trade partner, offering banking services including foreign currency deposits, cross-border remittance, and foreign currency exchange to help SMEs unlock their business potential. In addition, PAObank is actively developing innovative financial technologies to provide more diversified services for SMEs and individual customers, working together to promote the sustainable and healthy development of Hong Kong’s economy.
Hashtag: #PAObank #PCS #TradeFinancing

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

PAO Bank Limited

PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking, serving customers in Hong Kong and the Greater Bay Area, establishing itself as one of the Ping An Group’s comprehensive financial platforms in Hong Kong.

Microsoft has released XAML Studio as open-source software, opening up a Windows app design tool that had remained proprietary since its launch eight years ago, in a move aimed at rebuilding trust and momentum among developers working on modern Windows interfaces. The company confirmed that the source code for XAML Studio has been published under a permissive licence, allowing developers to inspect, modify and contribute to the […]

President Donald Trump has moved to reshape how the United States pays for the explosive growth in electricity demand driven by artificial intelligence, backing a plan to use 2026 capacity auctions in the PJM Interconnection to force large technology companies to shoulder a greater share of grid expansion costs. The proposal, framed as a way to protect households and small businesses from higher power bills, places AI […]

Vertiv has widened the scope of its MegaMod HDX modular platform, adding new configurations designed to handle the surging power density and thermal demands of artificial intelligence workloads as data centre operators accelerate capacity builds across North America, Europe and parts of Asia. Vertiv said the expanded MegaMod HDX range integrates higher-capacity power distribution, advanced liquid cooling options and prefabricated deployment models aimed at facilities supporting racks […]

Arabian Post Staff -Dubai Sharjah’s cultural publishing push is being highlighted at one of the Arab world’s most prominent literary gatherings, with more than 1,000 publications showcased by the Sharjah Institute for Heritage at the 57th edition of the Cairo International Book Fair, opening on January 21 and running until February 3, 2026. Sharjah Institute for Heritage is presenting a wide-ranging catalogue that reflects decades of research […]

Allegations of labour exploitation have emerged at factories in China producing Labubu figurines, a globally popular designer toy line, prompting scrutiny of working conditions within a supply chain tied to one of the country’s fastest-growing collectibles businesses. Workers interviewed by labour rights groups and regional media describe shifts stretching well beyond legal limits, pay that barely meets local minimum standards, and employment practices that rely heavily on […]

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