Veteran Malayalam actor, screenwriter, director and producer Sreenivasan died on Saturday morning at the age of 69, leaving the Indian film industry mourning the loss of one of its most versatile and influential creative voices. He passed away at the Government Taluk Hospital in Thrippunithura, Kochi, after developing severe health complications while being taken for dialysis, hospital officials confirmed. His body has been kept at the facility, and funeral arrangements are expected to follow at his Kandanad home, where his family will receive condolences from peers and admirers.
Sreenivasan was born on 6 April 1956 in the village of Patyam near Thalassery in Kerala’s Kannur district and trained at the Film and Television Institute of Tamil Nadu, Chennai, before embarking on a career that spanned nearly five decades. Over the course of his prolific life in cinema, he appeared in more than 225 films and established himself as a defining presence in Malayalam cinema through his nuanced performances, incisive screenwriting, and sensitive direction.
His death has resonated across the film fraternity, with leading figures paying tribute to a practitioner whose work combined humour, social insight and humanity. Actor–director Prithviraj Sukumaran described Sreenivasan as a “legend whose work touched the core of everyday life,” while Basil Joseph recalled the late actor’s influence on subsequent generations of storytellers. Other industry figures, including Tovino Thomas and Indrajith Sukumaran, have underscored his role in elevating Malayalam cinema through performances that reflected the aspirations and anxieties of ordinary people.
Sreenivasan’s contributions extended beyond acting; he was widely recognised as a gifted screenwriter whose scripts articulated the complexity of Kerala’s social and political landscape. His screenplays for films such as Odaruthammava Aalariyam, Sanmanassullavarkku Samadhanam, Gandhinagar 2nd Street, Nadodikkattu and Sandesam blended sharp satire with accessibility, contributing to the evolution of the comedy genre in Malayalam cinema. Sandesam, in particular, remains a touchstone political satire for its unflinching portrayal of ideological rivalry and everyday life.
As a director, he helmed projects that showcased his range and sensibility, including Vadakkunokkiyanthram and Chinthavishtayaya Shyamala. The former earned the Kerala State Film Award for Best Film, while the latter received the National Film Award for Best Film on Other Social Issues, underscoring his ability to intertwine entertaining narratives with social commentary.
Industry observers noted that Sreenivasan’s work was characterised by an acute understanding of the everyday person’s struggles, often using humour as a vehicle to examine serious themes such as bureaucracy, societal pressures and personal identity. His characters, whether comedic or dramatic, were lauded for their authenticity and depth, resonating with audiences across generations and contributing to his enduring legacy.
Sreenivasan is survived by his wife, Vimala, and their two sons, Vineeth Sreenivasan and Dhyan Sreenivasan, both of whom have carved their own paths in the film industry as actors, directors and producers. His passing prompted an outpouring of respect from colleagues and collaborators, who highlighted his mentorship, sharp wit and unwavering commitment to his craft.
While details of his funeral and memorial services are expected to be finalised by his family, the loss has already sparked tributes from across cultural and political spheres, reflecting the breadth of his influence. Kerala’s film community, as well as admirers nationwide, continue to honour a figure whose work not only entertained but also provided insight into the social and cultural fabric of the region.
Dubai’s Roads and Transport Authority has opened an eight-kilometre alternative road that gives direct access to tourist camps in the Al Awir area, easing movement for visitors and service providers and diverting heavy seasonal traffic away from internal desert tracks. The new corridor connects Al Awir Road with clusters of licensed camps, reducing travel time and improving safety during peak desert activity periods. Officials said the alignment […]
SK hynix has secured a significant validation for its enterprise memory portfolio after completing Intel’s Data Center Certified process for a 256GB DDR5 RDIMM designed for the Xeon 6 server platform, marking a first for a module built on 32-gigabit die technology. The certification positions the South Korean chipmaker at the forefront of high-capacity memory deployment for data centres facing sharp increases in workload density driven by […]
Netskope has unveiled a new data centre in Malaysia, sharpening its expansion across Southeast Asia as governments and enterprises tighten rules on data residency and demand greater control over cloud security. The move places the US-based cybersecurity firm closer to customers in regulated industries that are accelerating cloud adoption while seeking assurances on where sensitive information is processed and stored.
The Malaysia facility, located to serve customers across the country and neighbouring markets, extends Netskope’s NewEdge network, the company’s global security infrastructure that underpins its secure access service edge offerings. By processing traffic locally, the firm says it can reduce latency, improve performance for cloud applications, and help organisations meet domestic compliance obligations without fragmenting their security architecture.
This expansion reflects a broader shift in Southeast Asia, where data protection regimes have become more explicit and enforcement has intensified. Malaysia’s Personal Data Protection Act, alongside sector-specific requirements for finance, healthcare and telecommunications, has pushed multinational firms to re-evaluate cross-border data flows. Similar pressures are evident in Singapore, Indonesia and Thailand, creating demand for security platforms that combine global reach with local presence.
Netskope’s regional strategy has focused on building infrastructure rather than relying solely on partner facilities. The Malaysia data centre complements existing points of presence across Asia Pacific and is designed to support services such as cloud access security brokerage, secure web gateways and zero trust network access. Company executives have said that proximity is increasingly critical as enterprises migrate mission-critical workloads to software-as-a-service platforms and public clouds.
Industry analysts note that the competitive landscape in cloud security has intensified as vendors race to offer compliant, low-latency services. Global rivals including Zscaler, Palo Alto Networks and Cisco have all invested in regional infrastructure to address sovereignty concerns. What differentiates players, analysts argue, is the ability to deliver consistent policy enforcement across geographies while adapting to local legal frameworks.
Malaysia has emerged as an attractive hub for such investments due to its growing digital economy, improving connectivity and government incentives aimed at data centre development. The country has positioned itself as a neutral base for regional operations, with policymakers encouraging foreign technology firms to establish infrastructure that supports domestic innovation and cross-border trade.
For enterprises, the presence of a local Netskope facility may ease long-standing concerns about routing traffic through distant jurisdictions. Financial institutions, in particular, have faced scrutiny over outsourcing arrangements and third-party risk management. Local processing can simplify audits and reporting while maintaining alignment with global security standards.
The expansion also speaks to changing threat dynamics. Cyber risk in Southeast Asia has risen alongside digitalisation, with ransomware, phishing and cloud misconfigurations posing persistent challenges. Security teams are under pressure to gain visibility across hybrid environments that span on-premise systems, multiple cloud providers and a distributed workforce. Vendors that can aggregate telemetry and enforce zero-trust principles close to the user are gaining traction.
Netskope has invested heavily in research and development to support this approach, including machine learning models that analyse cloud usage patterns and detect anomalous behaviour. The Malaysia data centre will feed into these capabilities, enabling faster inspection and response times for regional customers.
Beyond compliance and security, performance considerations are becoming a board-level issue. Latency can directly affect user productivity and customer experience, particularly for real-time collaboration tools and data-intensive applications. By shortening network paths, local infrastructure can deliver measurable gains, strengthening the business case for in-country deployments.
The move is expected to bolster Netskope’s channel ecosystem in Southeast Asia, where managed security service providers and systems integrators play a central role in enterprise adoption. Local infrastructure allows partners to offer services tailored to national requirements while leveraging a globally recognised platform.
Ras Al Khaimah has faced one of the most intense rainfall episodes in its recorded history, with official gauges measuring up to 127 millimetres across two days as a powerful storm system swept the northern emirates. The deluge exceeded the emirate’s typical annual average, overwhelming drainage networks and triggering flash flooding in low-lying and mountainous areas.
Authorities said the heaviest downpours were concentrated around Mina Saqr, Jebel Al Rahibah and the upper reaches of Jebel Jais, where steep terrain funnelled runoff into wadis and access roads. Several residential districts reported water entering homes and ground floors, while industrial zones near the coast saw yards and warehouses inundated. Emergency crews were deployed through the night to clear debris, pump water and assist stranded motorists.
Meteorological data show that the system delivered short bursts of exceptionally intense rainfall, a pattern that hydrologists say increases flood risk even where total volumes might otherwise be manageable. In the mountains, rainfall totals were uneven but locally extreme, with gauges registering more than a year’s worth of rain over 48 hours. The combination of saturated ground and rapid runoff led to temporary road closures and landslides on feeder routes to higher elevations.
Officials from civil defence and municipal services said no fatalities had been reported, though injuries were treated at local hospitals and several families were temporarily relocated as a precaution. Schools in affected zones shifted to remote learning for a day while assessments were carried out. Power and water supplies were largely maintained, though brief outages were recorded in pockets where substations were flooded.
The storm formed as moist air from the Arabian Sea collided with a slow-moving upper-level trough, creating prolonged convective activity over the UAE’s north. Weather specialists noted that while heavy rain events are not unprecedented, the persistence and concentration over Ras Al Khaimah set this episode apart. Satellite imagery showed successive storm cells tracking along the same corridor, repeatedly dumping rain over the same catchments.
Urban planners and climate scientists say the episode underlines growing exposure to extreme weather in arid regions. Studies of the Gulf’s climate indicate a tendency towards more erratic rainfall, with longer dry spells punctuated by intense storms. Such shifts challenge infrastructure designed around historical averages, particularly drainage systems sized for shorter, lighter showers.
Ras Al Khaimah’s leadership said post-storm reviews would examine drainage capacity, early-warning protocols and land-use planning in flood-prone areas. Investment in wadis management and retention basins has increased in recent years, but officials acknowledged that rapid development and changing rainfall patterns require constant reassessment. Work crews were already clearing silt from channels and inspecting culverts to restore full flow capacity.
Residents described scenes of fast-moving water sweeping through streets and wadis within minutes of the heaviest rain. In mountain communities, drivers abandoned vehicles as torrents crossed roads, while hikers on Jebel Jais were escorted to safety by rescue teams once conditions allowed. Authorities reiterated advisories against entering wadis during storms, warning that flows can rise without notice far downstream from where rain is falling.
Insurance providers said claims assessments were under way, with early indications pointing to damage to vehicles, ground-floor properties and small businesses. Analysts noted that insurance penetration for flood damage remains uneven, leaving some households reliant on emergency assistance and community support. Local charities and volunteer groups organised relief supplies, including pumps and cleaning equipment, to help affected families return to their homes.
The episode has also prompted renewed discussion about data sharing and public communication. Meteorologists said advances in radar and nowcasting allow for more precise warnings, but effective response depends on rapid dissemination and public trust. Authorities credited social media alerts and mobile notifications with reducing exposure, though they acknowledged that compliance varies, particularly among motorists accustomed to short-lived showers.
Eight CryptoPunks non-fungible tokens have been accepted into the permanent collection of New York’s Museum of Modern Art, a move that places one of the most influential crypto-native projects alongside canonical works of modern and contemporary art. The acquisition underscores the growing institutional recognition of blockchain-based art forms, even as debate continues over their cultural and market value. The works were added through a donation organised by […]
Bitcoin’s slide below the closely watched $86,000 threshold has unsettled digital-asset markets, breaking a price floor that traders had treated as a key line of defence since the sharp sell-off in October. The move has triggered renewed volatility across major tokens and prompted a reassessment of risk as investors weigh whether the decline reflects temporary dislocation or a deeper shift in market structure. The breach occurred amid […]
By Nitya Chakraborty The political developments in Bangladesh including violence against any one opposing the fundamentalists are having dangerous consequences for India involving the security and geopolitical stability in the sub continent. According to this writer who has been following the churnings in the newly liberated nation since 1971, the outlook for India in terms […]
TECOM Group has launched Phase 4 of its Innovation Hub at Dubai Internet City, marking a significant expansion aimed at meeting growing demand for Grade-A office space from multinational companies operating across technology, digital media, telecommunications and other future-focused sectors. Valued at Dhs615 million, the new phase will add 263,000 square feet of gross leasable area, reinforcing Dubai Internet City’s role as a regional centre for global […]
Abu Dhabi-based developer Modon Holding has awarded a Dh5 billion main construction contract for two large residential communities on Hudayriyat Island, underlining the pace of high-end housing development in the capital’s waterfront corridor. The award covers Nawayef East and Nawayef West and involves the delivery of 735 luxury villas, the company disclosed in a filing to the market. The projects sit within the Nawayef master plan on […]
SINGAPORE – Media OutReach Newswire – 20 December 2025 – The Singapore Institute of Management (SIM) reinforces its commitment to student success through flagship career fairs that connect graduates with leading employers across diverse industries. These initiatives form part of SIM’s comprehensive employability ecosystem, Career Connect, which integrates coaching, mentorship, internships, and high-visibility recruitment events. Supported by the CareerSense app, students enjoy centralized access to job listings and event registrations, ensuring a seamless career planning experience.
Two Opportunities to Engage Annually
SIM organizes two major career fairs each year, strategically aligned with industry hiring cycles. This biannual format provides flexibility for students seeking internships during their studies or full-time positions upon graduation.
DREAMS Career Fair – Flagship Event
DREAMS is SIM’s premier career fair, featuring over 100 leading companies from sectors such as finance, technology, logistics, and consulting. Participating employers include Big Four accounting firms, major banks, and multinational corporations. The event offers extensive networking opportunities, interactive employer booths, and on-the-spot interviews for internships and graduate roles. This serves as a powerful launchpad for students to secure meaningful career opportunities.
IGNITE Career & Internship Fair – Industry-Specific Networking
IGNITE is SIM’s targeted networking event focused on sectors such as accounting, banking, technology, and logistics. Unlike large-scale fairs, IGNITE facilitates smaller, more personalized interactions with recruiters, enabling students to engage in substantive conversations and build deeper connections. The event includes company talks offering insider insights into niche roles and career pathways, complemented by mentorship and personalized guidance.
From Campus to Corporate
Students at SIM leverage career fairs and employer engagement events to build clearer pathways into the workforce. Many approach these opportunities by researching participating organisations, strengthening their resumes and practising how to communicate their strengths effectively, steps that help them gain direct exposure to recruiters and better understand evolving industry expectations.
While early interaction at career fairs may not immediately result in internships or job offers, they have provided meaningful insights and networking opportunities that later contribute to successful applications. Through repeated engagement and improved preparation, students have been able to secure internships and full-time roles at major firms across different sectors.
These outcomes reflect how structured career development activities at SIM support students in strengthening both their technical and interpersonal competencies, expanding their professional networks and transitioning more confidently into competitive industries.
Beyond Recruitment: A Holistic Employability Ecosystem
SIM’s Career Connect integrates career fairs with sustained employability programming, skills workshops, mentorship initiatives such as Project Protégé, and internship matching via the CareerSense app. This holistic approach ensures students have repeated engagement with employers throughout the year and supports recognition through awards like the SIM EDGE awards, which celebrates the well-rounded development of students.
More than recruitment channels, these fairs exemplify SIM’s commitment to bridging talent, industry needs and employment opportunity. External coverage of DREAMS and IGNITE further validates SIM’s commitment in equipping graduates to thrive in an evolving job market.
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
Ministry of Finance has announced Cabinet Decision No. 153 of 2025, setting out the application of the reverse charge mechanism on the trading of metal scrap between VAT-registered businesses in the UAE, with the framework scheduled to take effect on 14 January 2026. The move is positioned as a targeted adjustment to the country’s value-added tax regime, aimed at strengthening compliance and reducing tax leakage in a sector long regarded by authorities as vulnerable to misreporting and cash-based transactions.
The decision has been issued under the provisions of Federal Decree Law No. 8 of 2017 on Value Added Tax, along with its subsequent amendments, and Cabinet Resolution No. 52 of 2017 covering the Executive Regulations of the VAT law. Together, these instruments provide the legal basis for shifting VAT liability from the supplier to the recipient in specified transactions, a mechanism already familiar to many businesses operating in regulated or high-risk supply chains.
Under the reverse charge mechanism, the obligation to account for VAT on a transaction moves from the seller to the buyer, provided both parties are registered for VAT. In the context of metal scrap trading, this means suppliers will issue tax invoices without charging VAT, while purchasers will self-account for the tax in their VAT returns, subject to the normal rules on input tax recovery. Officials say the approach is designed to curb evasion practices that can arise where VAT is charged but not remitted to the tax authority.
The Ministry of Finance has framed the decision as part of a broader effort to fine-tune the VAT system since its introduction in 2018, responding to sector-specific risks identified through audits and market monitoring. Metal scrap trading, which often involves multiple intermediaries and fluctuating commodity prices, has been highlighted in several jurisdictions worldwide as an area where reverse charge measures can enhance transparency and simplify enforcement.
The cabinet decision on scrap VAT treatment reflects a policy choice already adopted in parts of Europe and Asia, where tax authorities have used reverse charge rules to counter carousel fraud and other forms of abuse linked to recyclable materials and metals. By aligning with these international practices, the UAE is seeking to balance ease of doing business with the need for robust revenue protection.
Industry participants are now assessing how the change will affect cash flow and contractual arrangements. For suppliers, the removal of VAT charging on eligible scrap transactions may reduce administrative burdens and the need to finance VAT amounts pending recovery. Buyers, on the other hand, will need to ensure their accounting systems can correctly self-assess VAT and reflect the entries accurately in periodic returns. Tax advisers note that while the mechanism is neutral in theory for fully compliant, fully taxable businesses, errors in classification or documentation could lead to penalties.
The decision applies specifically to transactions between registrants, underscoring the importance of verifying counterparties’ VAT registration status. Businesses involved in mixed supplies, or dealing with unregistered parties, will need to distinguish carefully between transactions subject to the reverse charge and those that remain under the standard VAT rules. This distinction is expected to be a focal point of guidance and compliance reviews ahead of the January 2026 effective date.
Officials have indicated that further clarification will be issued through administrative guidance to define the scope of “metal scrap” covered by the decision, drawing on existing definitions used in customs and commercial practice. Market participants expect this to include waste and scrap from metals such as iron, steel, aluminium and copper, though the final interpretation will determine how widely the measure applies across recycling and manufacturing chains.
The timing of the announcement gives businesses more than a year to prepare, adjust contracts and update systems. Tax specialists view this lead time as significant, allowing companies to conduct impact assessments and staff training without disrupting ongoing operations. It also provides an opportunity for the authorities to engage with industry bodies and address practical concerns before enforcement begins.
Arabian Post Staff -Dubai Abu Dhabi National Oil Company has finalised a $2 billion green financing facility backed by the Korea Trade Insurance Corporation, strengthening its funding base for lower-carbon projects as it seeks to align hydrocarbon operations with long-term energy transition goals. The facility, structured under ADNOC’s Sustainable Finance Framework, is earmarked for eligible investments across the company’s upstream, downstream and chemicals businesses, including emissions-reduction technologies, […]
SINGAPORE – Media OutReach Newswire – 20 December 2025 – Singapore Institute of Management (SIM) introduces CareerSense, an AI-powered career guidance application designed to transform how students plan, prepare, and pursue their careers. This initiative reinforces SIM’s commitment to preparing learners for the future of work in an era where technology is reshaping industries and job roles at unprecedented speed.
CareerSense Matters in Today’s Job Market
The global workforce is evolving rapidly. Automation, digitalisation, and emerging technologies are creating new opportunities while presenting new challenges. Navigating this landscape requires more than academic credentials; it demands self-awareness, adaptability, and strategic planning.
CareerSense addresses these needs by combining artificial intelligence with career development expertise, offering a personalised, data-driven approach to job readiness. It functions as a comprehensive career coach, accessible anytime and anywhere.
Key Features That Set CareerSense Apart
CareerSense offers a comprehensive suite of features designed to empower students throughout their career journey. Its AI-driven VIPS profiling evaluates Values, Interests, Personality, and Skills to deliver personalised career recommendations aligned with individual strengths and aspirations. The smart resume builder provides real-time scoring and improvement tips, while the job-matching algorithm connects students to roles that fit their unique profiles. Through integrated access, students can RSVP for events, schedule advisory sessions, and apply for internships and job listings seamlessly. Additionally, the Employability Index measures job readiness and works alongside skill gap analysis and tailored course recommendations to help students stay competitive in today’s dynamic job market.
The Bigger Picture: Empowering Future-Ready Graduates
The future of work is shaped by constant change, technological disruption, and global connectivity. Employers seek individuals who are adaptable, self-aware, and equipped with relevant skills. CareerSense empowers students to take ownership of their career journey, understand their strengths, identify gaps, and build competencies that matter in the real world.
This initiative reflects SIM’s commitment to lifelong learning and employability, ensuring graduates are not only job-ready but future-ready. In a competitive market, CareerSense positions SIM learners as confident, agile professionals prepared to lead in the digital economy.
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
Washington moved to reset the direction of its civil and military space ambitions after President Donald Trump signed a sweeping executive order in December 2025 committing the United States to a crewed moon landing by 2028 and the establishment of a sustained lunar outpost by 2030. The order places the Artemis programme at the centre of national strategy, couples it with an expanded role for nuclear power […]
Hong Kong and Macau Organisations Honoured for Outstanding Achievements ESG-led Business for a Sustainable Future
HONG KONG SAR – Media OutReach Newswire – 19 December 2025 – With global acceleration towards sustainable development and rising expectations from investors and stakeholders for responsible business practices, Hong Kong and Macau enterprises in recent years have been actively integrating Environmental, Social and Governance (ESG) vision into their business strategies to drive green transformation and high-quality growth. Organised by Television Broadcasts Limited (TVB) and co-organised by the Hong Kong Productivity Council, the TVB ESG Awards 2025 (the Awards) aim to recognise and commend enterprises and organisations that have demonstrated outstanding performance in ESG and sustainable development. Now in its fourth edition, this annual flagship event recognise outstanding organisations and their achievements in ESG practices over the past year.
The ceremony was officiated by Mr. Michael WONG, GBS, JP, Deputy Financial Secretary (2nd left); Dr. LAM Ching-choi, GBS, JP, Non-official Member of the Executive Council & Chairman of the Council for Carbon Neutrality & Sustainable Development (1st right); Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited (2nd right); and Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council (1st left).
The ceremony was officiated by Mr. Michael WONG, GBS, JP, Deputy Financial Secretary; Dr. LAM Ching-choi, GBS, JP, Non-official Member of the Executive Council & Chairman of the Council for Carbon Neutrality & Sustainable Development; Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited; and Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council. Following the Green Summit held in July this year, the presentation ceremony also featured sharing sessions, inviting industry leaders and experts to exchange the latest trends and practical experience. In addition, the enhanced matching sessions enabled enterprises to connect with numerous attendees through exhibition booths to promote cross-sector collaboration and knowledge sharing.
Diverse Award Categories Recognise ESG Efforts of Hong Kong and Macau Industries
This year’s Awards include the “Outstanding ESG Award”, “Best in ESG Practices”, “Best in ESG Report”, “ESG Environmental Innovative Technology Award” and “ESG Social Innovative Technology Award”. Entries were open to five groups, namely large, medium, small market capitalisation/ GEM listed companies, as well as non-listed companies and non-profit organisations, to recognise the achievements of enterprises of different scales in ESG practices, reporting and innovation. To identify outstanding performers, a cross-sector professional judging panel appointed by TVB were responsible for assessing entries, using clear and diversified selection criteria that mainly cover five areas: environment, social, corporate governance, sustainability strategy, corporate information disclosure and communication.
Additionally, a new “Greater Bay Area ESG Excellence Enterprise Award (Macau SAR)” has been introduced this year to recognise Macau enterprises and organisations with outstanding ESG performance that actively promote sustainable development in the Macau community. Furthermore, to enhance and recognise the excellent performance of small and medium-sized enterprises (SMEs) in ESG practices and innovation, TVB has collaborated with the “ESG One” platform of the Hong Kong Productivity Council to launch the “SME ESG Excellence Award” this year. The award covers five areas: “Business Decarbonisation”, “Employee Care”, “Supply Chain Partnership”, “Sustainable Governance” and “ESG Technology Enhancement”, helping SMEs to progressively enhance their ESG performance. Organisations that did not receive the above ESG category awards but have actively performed and implemented ESG initiatives in various aspects will be eligible for nomination of “ESG Special Recognition Award – with Merit” or “ESG Special Recognition Award” in acknowledgement of their contributions.
Mr. Michael WONG, GBS, JP, Deputy Financial Secretary, said in his keynote speech, “Hong Kong possesses significant advantages in green economy transformation. As the city’s two major innovation and technology flagships, Hong Kong Science Park and Cyberport have now brought together over 270 green technology companies, representing growth of more than 80% compared to 2023, reflecting remarkably rapid development in recent years. Hong Kong can provide diversified investment and financing channels, enabling international capital to match with quality green projects. As of the end of September this year, there are over 200 SFC-authorised ESG funds with assets under management exceeding HKD1.1 trillion, demonstrating that investors are increasingly prioritising investment in sustainable development. The Government looks forward to continued collaboration with all of you to jointly build our sustainable future and make outstanding contributions to Hong Kong’s green economic development.”
Mr. SIU Sai Wo, General Manager (Business Operations), Television Broadcasts Limited, said, “The TVB ESG Awards 2025 received over 250 corporate entries this year, reflecting the growing importance of ESG for enterprises. We are grateful to all award-winning organisations and partners for their continued support of this flagship award. This year’s awardees excelled in ESG performance and set forward-looking models for the industry. TVB is actively supporting enterprises to devote resources to ESG development, incorporate sustainability into business decision-making and operations, and strengthen their sense of social responsibility. The Awards also provide a professional exchange platform for enterprises of different industries and scales to share their ESG strategies and tangible outcomes with a wider range of stakeholders.”
To help the public gain a more comprehensive understanding of the vision, mission and innovative strategies of various enterprises, the presentation ceremony featured sharing sessions. The judge Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council, together with representatives from enterprises receiving the Outstanding ESG Award, exchanged practical insights. As the highest honour of this year’s Awards, the Outstanding ESG Award is conferred upon top-tier organisations in each category that have achieved the best performance in both “ESG Practices” and “ESG Report”. The award-winning enterprises shared their insights in the session titled “Partnering Across Sectors to Co-create a Low-carbon Future”:
Ms. Jessica CHAN, Head of Sustainability of MTR Corporation, shared how MTR leverages its diversified business portfolio to drive carbon reduction and social inclusion in daily operations, thus encouraging business partners to enhance their ESG performance.
Ms. Angel SZE, Company Secretary and Head of ESG Management Committee, Fosun International Limited, who shared how Fosun is driving innovation and global development to create value, while highlighting effective ESG practices for cross‑industry and cross‑regional enterprises.
Ms. Connie LAU, Assistant General Manager, Legal Department, China State Construction Development Holdings Limited, who used examples of innovative applications to demonstrate the company’s breakthroughs and decarbonisation goals.
Mr. Jonathan CHIU, President, Schneider Electric Hong Kong, who highlighted the company’s commitment as a global energy technology leader to driving efficiency and sustainability by electrifying, automating and digitalising industries, businesses and homes, contributing to Hong Kong’s low-carbon transition.
Mr. Peter LEE, Chief Sustainability Officer, Airport Authority Hong Kong, elaborated on how the authority collaborates with business partners and extends the sustainability concept to the society and education sector.
Mr. Oswald AU, Managing Director, Riskory Consultancy Limited, shared how SMEs can drive ESG through innovative solutions and practical actions, while leveraging mega event economy development to create greater impact.
The judge Dr. Lawrence CHEUNG Chi-chong, Chief Technology Officer, Hong Kong Productivity Council (1st left), together with representatives from enterprises receiving the Outstanding ESG Award, Ms. Jessica CHAN, Head of Sustainability of MTR Corporation (2nd left); Ms. Angel SZE, Company Secretary and Head of ESG Management Committee, Fosun International Limited (3rd left); Ms. Connie LAU, Assistant General Manager, Legal Department, China State Construction Development Holdings Limited (4th left); Mr. Jonathan CHIU, President, Schneider Electric Hong Kong (3rd right) ; Mr. Peter LEE, Chief Sustainability Officer, Airport Authority Hong Kong (2nd right); Mr. Oswald AU, Managing Director, Riskory Consultancy Limited (1st right), exchanged practical insights in the session titled “Partnering Across Sectors to Co-create a Low-carbon Future”.
Building on these insights, another sharing session titled “Building a Green and Sustainable Pathway: Advancing Liveable, Inclusive Smart Cities” invited Mr. Andy WONG, Senior Manager, Advocacy, Our Hong Kong Foundation, as moderator. He was joined by Ir. Franco CHEUNG, Director (Projects), Hong Kong Housing Society, Mr. Samuel KWONG, Senior Associate Director – ESG, Chinachem Group and Mr. Jeffery LOK, Managing Director, Kwan On Chemical Enterprise Co. Ltd., for in-depth discussions on topics such as decarbonisation planning, the application of green building technologies including Modular Integrated Construction (MiC), kitchen and grease trap waste oil recycling, exploring the roadmap for Hong Kong and Macau’s sustainable urban development and environmental benefits.
The sharing session titled “Building a Green and Sustainable Pathway: Advancing Liveable, Inclusive Smart Cities” invited Mr. Andy WONG, Senior Manager, Advocacy, Our Hong Kong Foundation (1st left), as moderator. He was joined by Ir. Franco CHEUNG, Director (Projects), Hong Kong Housing Society (2nd left); Mr. Samuel KWONG, Senior Associate Director – ESG, Chinachem Group (2nd right); Mr. Jeffery LOK, Managing Director, Kwan On Chemical Enterprise Co. Ltd. (1st right) for in-depth discussions.
This year’s ceremony attracted enthusiastic participation from numerous enterprises and organisations, including listed companies, non-listed companies and non-profit organisations, signalling the local market’s increasing commitment to ESG. Enhanced matching sessions with exhibition booths were arranged before and after the ceremony, allowing participants to engage in in-depth exchanges on green technology solutions, sustainable development and eco-friendly materials, and to explore collaboration opportunities.
The issuer is solely responsible for the content of this announcement.
About TVB ESG
Since 2022, TVB ESG has been committed to building a professional exchange platform for local sustainable development, promoting a deeper understanding, implementation, and strategic development of Environmental, Social and Governance (ESG) issues among businesses and different sectors of society. TVB ESG works closely with various organisations to foster cross-sector collaboration, help enterprises expand their professional networks and strengthen industry connections, while enhancing their visibility in the market and industry through diverse channels, thereby amplifying their impact in the ESG field.
To enhance industry exchange and promote a culture of sustainability, TVB ESG organises three core events every year, the Green Forum, the Green Summit and the “TVB ESG Awards”. These events aim to focus on key environmental issues and emerging trends, bringing together industry leaders and experts to provide forward-looking insights for enterprises, promote knowledge sharing, and facilitate the exchange of best practices. Through the “TVB ESG Awards”, TVB ESG also recognises enterprises and organisations with outstanding achievements in sustainable development, encouraging the industry to continuously implement and elevate ESG standards.
Sony has agreed to acquire an 80 per cent stake in Peanuts Holdings for $457 million, securing control of one of the world’s most recognisable entertainment brands and deepening its push into character-driven film, television, music and consumer products. The transaction sees Sony buy out the stake held by Canada-based WildBrain, while the family of Peanuts creator Charles M Schulz retains the remaining 20 per cent.
The deal hands Sony majority ownership of the Peanuts intellectual property, which includes Charlie Brown, Snoopy and the wider cast that has defined the franchise since its debut in newspapers in 1950. Peanuts Holdings oversees global licensing, publishing and brand management, and its assets include more than 17,000 comic strips as well as extensive animation and merchandising rights.
Executives involved in the transaction said the agreement reflects a shared focus on preserving the spirit of the characters while positioning the brand for new audiences across platforms. Sony has built a broad entertainment ecosystem spanning film studios, music labels, games and consumer electronics, giving it multiple avenues to deploy the Peanuts characters without fragmenting creative control.
Sony deepens its grip on Peanuts
Sony’s leadership described the acquisition as a strategic step rather than a short-term content play. The company already distributes Peanuts animation through Sony Pictures Television and has worked closely with the Schulz family for years on brand stewardship. By consolidating ownership, Sony gains the ability to align long-term creative planning with distribution and merchandising strategies.
The Peanuts franchise continues to generate significant revenue through licensing deals covering toys, apparel, publishing and themed experiences. Industry analysts estimate that global character merchandising remains one of the most resilient segments of the entertainment economy, supported by multigenerational appeal and predictable demand. Peanuts, with its minimalist humour and emotional resonance, is often cited as one of the few properties that can cross age groups and cultures with limited localisation.
WildBrain’s exit reflects a strategic refocus on its own core animation and family content operations. The company had acquired its Peanuts stake through earlier transactions linked to rights management and production, and has since monetised the asset while maintaining creative partnerships. Executives at WildBrain said the sale strengthens its balance sheet and allows greater investment in owned brands and production pipelines.
For the Schulz family, retaining a 20 per cent stake preserves direct influence over creative decisions and brand values. Family representatives have repeatedly stressed the importance of protecting the philosophical tone of the strip, which blends humour with themes of loneliness, perseverance and childhood reflection. Their continued involvement is expected to reassure long-time fans wary of over-commercialisation.
Sony’s broader strategy has increasingly emphasised intellectual property with long shelf lives rather than single-release blockbusters. The company has expanded its catalogue through acquisitions and partnerships that allow stories and characters to move fluidly between cinema, streaming, music, games and live events. Peanuts fits that model, offering episodic storytelling, short-form content and strong visual branding.
The entertainment group also sees opportunities to integrate Peanuts more deeply into its music and gaming divisions. Snoopy and Charlie Brown have already appeared in music collaborations, seasonal broadcasts and digital content, and Sony’s ownership of major music labels and gaming platforms provides scope for cross-promotional projects without reliance on third-party licensing negotiations.
Market observers note that the valuation implies confidence in stable, long-term cash flows rather than explosive growth. Character-driven brands such as Peanuts tend to perform consistently across economic cycles, supported by evergreen demand for family-friendly content and nostalgia-driven consumption. This predictability contrasts with the volatility seen in theatrical box office revenues and subscription-based streaming models.
The acquisition also comes as global media companies reassess how to manage legacy brands in an era dominated by short-form video and algorithm-driven discovery. Sony has indicated it will invest in formats that respect the franchise’s roots while experimenting with new distribution channels, including digital shorts and educational programming.
Expo City Dubai has rolled out a structured graduate development initiative aimed at preparing UAE nationals for long-term careers in real estate, urban development and city management, as the post-Expo district accelerates its transition into a permanent business, residential and innovation hub. The programme, branded Exposure, sits within Expo City Dubai’s Real Estate and Development division and targets fresh Emirati graduates at the start of their professional […]
By Dr. Gyan Pathak Two decades old Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) 2005 is finally replaced by Viksit Bharat – Guarantee For Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Bill 2025 on the last day of the Winter Session of the Parliament on December 19. Lok Sabha passed the Bill in […]
HONG KONG SAR – Media OutReach Newswire -19 December 2025 – HKAccidentLawyers.com and the HKCivilClaim.com today released the 2025 Annual Claims Data Report, providing summaries for each key data point to enhance legal literacy among accident victims.
1. Work Injury Claims Data (Total: 1,032 Cases) Sick Leave Distribution:
0 – 30 Days: 279 cases
31 – 100 Days: 323 cases
101 – 300 Days: 261 cases
301 – 700 Days: 145 cases
701 – 1,000 Days: 18 cases
1,001 – 2,000 Days: 3 cases
Over 2,000 Days: 3 cases
Summary: Over 58% of cases involve fewer than 100 days of sick leave, indicating that minor injuries remain the norm. However, extreme cases exceeding 2,000 days highlight the dire need for long-term legal and financial support for severely injured workers.
Assessment of Earning Capacity:
0% – 4%: 745 cases
5% – 14%: 188 cases
15% – 34%: 52 cases
35% – 64%: 11 cases
65% – 94%: 10 cases
95% – 100%: 26 cases
Summary: A “pyramid” distribution is observed, with 72% involving minor impairments. Yet, the 26 cases of near-total disability (95-100%) underscore the catastrophic impact of high-risk workplace accidents on families.
Estimated Results:
HK$0 – $50,000: 381 cases
HK$50,001 – $100,000: 226 cases
HK$100,001 – $200,000: 147 cases
HK$200,001 – $500,000: 109 cases
HK$500,001 – $1,000,000: 125 cases
HK$1,000,001 – $2,000,000: 31 cases
HK$2,000,001 – $5,000,000: 13 cases
Summary: 16% of inquiries yield estimates above HK$500,000. These cases often involve complex future loss of earnings, signaling a high demand for specialized legal advocacy in high-value claims.
2. Traffic Accident Claims Data (Total: 868 Cases) Injured Body Parts:
Back / Spine: 176 cases
Lower Back / Hips: 118 cases
Head: 112 cases
Shoulder: 111 cases
Neck: 105 cases
Leg: 104 cases
Knee: 74 cases
Arm: 68 cases
Summary: Back and spine injuries are the most frequent, often resulting from whiplash in rear-end collisions. These injuries are critical for PSLA (Pain, Suffering, and Loss of Amenities) evaluations in civil court.
Nature of Injuries:
Sprain: 241 cases
Fracture: 180 cases
Contusion: 169 cases
Nerve / Brain: 139 cases
Internal: 74 cases
Dislocation: 65 cases
Summary: While sprains are most common, the high number of nerve and brain injuries (139 cases) is concerning, as these often lead to permanent functional impairment.
Estimated Results:
HK$0 – $100,000: 422 cases
HK$100,001 – $200,000: 162 cases
HK$200,001 – $500,000: 179 cases
HK$500,001 – $1,000,000: 98 cases
HK$1,000,001 – $2,000,000: 5 cases
HK$2,000,001 – $10,000,000: 0 cases
Over HK$10,000,000: 2 cases
Summary: Traffic claims show extreme polarization. While most stay below HK $100k, two cases exceeded HK$ 10 million, reflecting the massive social cost of life-altering road collisions.
Mandatory Disclaimer
IMPORTANT: All compensation figures are generated by the “AI Compensation Calculator” based on user input. These are preliminary estimates only and not final actual compensation amounts. Final payouts depend on court rulings, liability apportionment, and medical evidence. Victims must seek formal legal advice from practicing lawyers.
Denmark has begun a phased retreat from Microsoft software across parts of its public administration, signalling a broader reassessment of how governments manage dependence on dominant technology suppliers and safeguard digital sovereignty. The shift, confirmed by officials overseeing state IT procurement, starts with the transport and traffic administration but is framed as a test case for wider adoption across ministries and agencies. At the centre of the […]
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Red Hat has acquired Chatterbox Labs, a specialist in artificial intelligence safety and security tooling, aiming to embed advanced risk-testing and guardrails into its enterprise AI platform to help organisations deploy trustworthy, production-grade AI at scale. The deal, announced this month by the hybrid cloud and open source software provider, expands Red Hat’s AI portfolio, which now includes bespoke safety capabilities designed to address vulnerabilities inherent in […]
Host Arabia has closed its first edition in Riyadh, positioning the Saudi capital as an emerging focal point for the hospitality and foodservice supply chain at a time when the kingdom is accelerating investment in tourism, leisure and urban development. The three-day event brought together hotel operators, restaurant groups, suppliers and policymakers, underlining the scale of demand being created by new resorts, giga-projects and a fast-expanding domestic dining market.
Held at the Riyadh Front Exhibition and Conference Centre, the inaugural edition drew exhibitors and visitors from across the Middle East, Europe and Asia, reflecting Saudi Arabia’s growing pull as a commercial hub for hospitality equipment, food and beverage solutions, technology and design services. Organisers said the turnout exceeded initial expectations, with strong participation from both international brands seeking market entry and local firms aiming to scale alongside national development plans.
The exhibition opened against the backdrop of an ambitious tourism strategy that targets a sharp rise in annual visitors by the end of the decade, supported by large-scale projects such as Diriyah, Qiddiya, NEOM and the Red Sea destination. These developments are reshaping procurement needs for hotels, resorts, serviced apartments and entertainment venues, driving demand for kitchen equipment, sustainable packaging, digital ordering systems and energy-efficient infrastructure. Host Arabia sought to position itself as a platform where these needs could be matched with suppliers and service providers in a single marketplace.
Industry executives attending the event highlighted Riyadh’s transformation into a year-round destination for conferences, sports and entertainment as a key factor behind the exhibition’s timing. International hotel groups are expanding their presence in the capital, while domestic restaurant concepts are scaling rapidly, supported by a young population and rising disposable incomes. This combination has intensified competition and raised standards, placing greater emphasis on quality, efficiency and sustainability across the hospitality value chain.
The programme featured live culinary demonstrations, equipment showcases and panel discussions focused on workforce development, localisation of supply chains and the adoption of smart technologies. Speakers addressed challenges such as staff training, cost pressures and the integration of sustainability targets into daily operations, themes that resonate strongly with operators navigating rapid expansion. Discussions also touched on regulatory alignment and the role of public-private partnerships in supporting sector growth.
Exhibitors ranged from global manufacturers of commercial kitchen equipment and refrigeration systems to regional producers of food ingredients, tableware and interior solutions. Technology providers showcased point-of-sale platforms, inventory management tools and data analytics designed to help operators manage margins and customer experience more effectively. Several participants noted growing interest in solutions that reduce water and energy consumption, reflecting both regulatory expectations and cost considerations in a desert climate.
Government and industry representatives used the gathering to underline the hospitality sector’s contribution to economic diversification and job creation. Training institutions and recruitment firms reported strong engagement from operators seeking to build local talent pipelines, an area seen as critical to sustaining long-term growth. The emphasis on skills development aligned with broader national objectives to increase private-sector employment and reduce reliance on imported labour over time.
Organisers described the Riyadh edition as a strategic step in establishing Host Arabia as an annual fixture, with plans to expand floor space and content in future editions. Feedback from exhibitors pointed to strong deal-making potential, with several reporting on-site negotiations and follow-up meetings scheduled with hotel developers and restaurant groups. The presence of decision-makers from major projects was cited as a key differentiator compared with more mature regional trade shows.
By Nitya Chakraborty The political developments in Bangladesh including violence against any one opposing the fundamentalists are having dangerous consequences for India involving the security and geopolitical stability in the sub continent. According to this writer who has been following the churnings in the newly liberated nation since 1971, the outlook for India in terms […]
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