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Three high-severity vulnerabilities in Hugging Face’s Diffusers library can allow malicious model repositories to execute arbitrary Python code even when users disable remote-code execution, exposing weaknesses in a key security control used across artificial intelligence development environments. The flaws affect Diffusers versions earlier than 0.38.0 and centre on the library’s trustremotecode safeguard. Developers rely on this setting to prevent unreviewed code bundled with models or pipelines from […]
A Linux kernel vulnerability capable of giving a local attacker root access has been publicly detailed after artificial intelligence helped a security researcher identify and weaponise a race condition in the operating system’s network traffic-control subsystem. The flaw, tracked as CVE-2026-53264, affects the kernel’s net/sched component and carries a severity score of 7.8. It is a use-after-free vulnerability that can allow an ordinary user with access to […]
Arabian Post Staff -Dubai Dubai Aerospace Enterprise has completed its acquisition of Macquarie AirFinance, lifting the value of the transaction to about US$9 billion and creating the world’s third-largest aircraft lessor by fleet value and the number of owned and managed aircraft. The Dubai-based aviation services group acquired 100% of Macquarie AirFinance’s outstanding share capital and its consolidated subsidiaries. The final enterprise value includes changes in the […]
Onsite solar installation to cut FCC Philippines’ energy costs by 30% compared to grid electricity prices, supporting the automotive supply chain manufacturer’s cost competitiveness and energy resilience in Laguna.
LAGUNA, PHILIPPINES – Media OutReach Newswire – 29 July 2026 – FCC (Philippines) Corp., a subsidiary of Japan’s FCC CO., LTD. and a key global supplier to leading automotive and motorcycle brands including Honda, Yamaha, Suzuki and Kawasaki, Ford, Harley-Davidson, BMW, among others, has signed a long-term solar agreement with Peak Energy to power its clutch systems facility in Laguna with onsite renewable energy.
Sandro Bruni (Peak Energy) and Tsuyoshi Nakada (FCC Philippines Corporation) at the Signing Ceremony held on 10th of July
The system is expected to generate approximately 1,500 MWh in its first year of operation from a 1 MWp onsite solar installation, delivering electricity to FCC Philippines at a price approximately 30% lower than grid tariffs. This is expected to avoid approximately 650 tons of CO₂annually, equivalent to avoiding the consumption of almost 252,000 liters of gasoline.
Under the 15-year agreement, Peak Energy will design, finance, construct, own and operate the solar system, with FCC Philippines purchasing the electricity generated at no upfront capital cost. The structure allows FCC Philippines to access clean, competitively priced power while Peak Energy manages construction and ongoing operations and maintenance.
FCC CO., LTD. is the undisputed global leader in the motorcycle clutch market, with more than 50% global market share, and a leading supplier of automotive clutch components worldwide. The company and has manufactured in the Philippines since 1993, supplying integrated clutch systems not only to the four of the world’s four largest motorcycle OEMs, but also to other established global brands across both the two-wheel and four-wheel industries. Global automotive supply chains are under growing pressure to reduce embedded emissions, and the agreement gives FCC Philippines a concrete way to strengthen its competitiveness within that supply chain.
The agreement builds on Peak Energy’s track record with Japanese-parented manufacturers across the region, including JTEKT (Toyota Group) in Japan, AICA in Thailand and Yokogawa in Singapore. FCC Philippines’ decision to choose Peak Energy reflects the same standard of engineering excellence and delivery experience that has earned these manufacturers’ trust, technical rigor, disciplined project execution and a track record of on-time, on-budget delivery that meets the exacting quality expectations Japanese corporates apply to their partners across Asia.
As industrial demand for lower-cost, predictable power grows, the Philippine market is naturally redirecting capacity toward developers with the financial strength, engineering capability and technology to execute and operate assets credibly at scale, supported by a Department of Energy target of 35% renewable energy share by 2030.
“Industrial buyers in the Philippines are increasingly looking for power that’s cheaper than the grid and shielded from imported fuel prices,” said Gavin Adda, CEO of Peak Energy. “This project delivers both, at a 30% discount to grid tariffs. We are glad to see FCC moving toward a developer with the financial strength and engineering capability to deliver at scale.”
“This solar project represents an important milestone in FCC’s journey toward a more sustainable future,” said Tsuyoshi Nakada, President of FCC (Philippines) Corp. “As part of the FCC CO., LTD., Group’s commitment to achieve carbon neutrality by 2050, with a 50% reduction in carbon emissions by 2030, we continue to invest in initiatives that reduce our environmental footprint while strengthening the resilience of our operations. We are pleased to partner with Peak Energy in advancing these shared sustainability goals.” Hashtag: #Japan #Automotive #Irarwar #Iran #Philippines #redalert #energy #energycosts #Scope2 #sustainability
The issuer is solely responsible for the content of this announcement.
About Peak Energy
Headquartered in Singapore, Peak Energy develops, owns, and operates renewable assets across Asia Pacific (APAC). With over 300 MW of operating assets and 2 GW worth of projects in development, Peak Energy is the fastest growing renewable energy developer with a portfolio spanning Japan, Korea, Australia, Taiwan, the Philippines, Thailand, Singapore and Indonesia. With activities encompassing the full range of renewable energy business models – including utility-scale development, off-site PPAs, onsite PPAs, and energy storage applications – Peak Energy is a one-stop partner for corporates seeking to decarbonize their operations in APAC. We believe in establishing long-term partnerships with our corporate customers, to accompany them in their decarbonization journey, through cleaner, cheaper energy.
An experienced team handles the complete life cycle of our energy assets from origination and development through to operations and decommissioning, employing state-of-the art technology and the industry best practices, respectful of the environment and following world-class HSE standards.
Our business practices, technological and HSE standards are standardized across APAC, but we are implemented and operate locally, with teams in seven countries, and lasting partnerships with local customers, EPCs, vendors, channel partners.
Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximatively USD 88 billion of assets under management. Our financial and technical strength coupled with our relationships in local markets allows us to optimize our capital deployment in high quality assets.
Established in 1993 at Laguna Technopark in Biñan City, Laguna, FCC (Philippines) Corp. is a subsidiary of Japan’s FCC CO., LTD., a global leader in automotive and motorcycle clutch systems. The company manufactures and assembles clutch engine components for leading global automotive and motorcycle brands and has a workforce of more than 600 personnel at its Laguna facility. As part of its commitment to sustainable growth, FCC CO., LTD., continues to strengthen its core clutch business while expanding into electrification-related technologies by leveraging its core expertise in die casting, press, and joining technologies to support the evolving mobility industry.
The US goods trade deficit narrowed in June as imports fell more sharply than exports, with a notable drop in capital goods purchases reversing part of the surge linked to business investment and inventory building earlier in the quarter. The merchandise trade gap decreased 4.2% to $101.5 billion from a revised $105.9 billion in May. Imports dropped $8.2 billion to $306.2 billion, while exports declined $3.8 billion […]
The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.
DFI RETAIL GROUP HOLDINGS LIMITED
HALF-YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026
Highlights
Underlying profit from continuing businesses1 grew 44% to US$117 million
Reported profit was US$118 million, compared to a US$38 million loss in the prior year period
Like-for-like (LFL) subsidiary sales growth from continuing businesses2 improved to 3%
Health & Beauty sustained strong LFL sales; Convenience and Home Furnishings returned to growth
E-commerce and DFIQ Media contributed to approximately 35% of sales growth
Return on capital employed improved to 12%, up from 9% as of December 2025
Interim dividend of US¢6.20 per share, up 77% year-on-year. Maintain full-year dividend payout of 70%
Raised full-year organic revenue3 growth guidance to be between 3.0% and 4.0%, and underlying profit to be between US$285 million and US$305 million
Announced 100% interest acquisition of Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong
HONG KONG SAR – Media OutReach Newswire – 28 July 2026 – “Our first-half performance, with underlying profit1 growth of 44% and a consistently improving LFL subsidiary sales trend, reflects the strength of our strategy in action – a sharper value for customers, a strong focus on returns and execution with discipline. This was supported by sustained momentum in Health & Beauty, as well as strong recovery in Convenience and Home Furnishings segments. Our acquisition of Cody HK’s extensive outdoor media portfolio, together with its experienced leadership team, strengthens our capability to deliver full-funnel, omnichannel advertising solutions while accelerating the growth of DFIQ Media. As we continue to deepen customer engagement and build new profit pools through the DFI Omni Platform, we are well-positioned to deliver sustainable long-term value with greater earnings resilience.”
Scott Price
Group Chief Executive
DFI RETAIL GROUP HOLDINGS LIMITED
HALF-YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026
OVERVIEW
The Group delivered strong performance in an evolving macroeconomic climate, underpinned by disciplined execution and a focus on driving higher returns. A portfolio built on everyday essentials, combined with a strong value proposition with convenience, continues to resonate with customers against the backdrop of oil price volatility. For the first half of 2026, subsidiary LFL sales growth from continuing businesses4 further improved to 3%. This was driven by sustained strong momentum in the Health & Beauty segment, as well as a return to growth in both the Convenience and Home Furnishings businesses. Price reinvestment, supported by a reset in sourcing strategy, drove Food volume growth with Wellcome’s basket price now trading at a discount relative to the Greater Bay Area5, compared to a premium in the prior year.
The Group’s commitment to retail excellence, a lean overhead structure and expanded omnichannel touchpoints enables us to serve our customers with better pricing and better experience. The DFI Omni Platform further strengthens this by seamlessly integrating our extensive store network with digital capabilities, delivering greater convenience and personalisation while unlocking new value pools through rich, cross-format data insights. Developing and scaling high-margin revenue streams, including retail media (DFIQ Media) and insights monetisation (DFIQ Insights), will diversify our profit base and support long-term value creation.
To enhance operational efficiency and improve productivity of team members, the Group introduced GenAI-powered tools in the first half of 2026, with plans to scale deployment across operating markets in the coming months. In parallel, AI capabilities are increasingly embedded across core retail functions, including assortment optimisation, promotion planning and demand forecasting, to drive better, more data-driven decisions.
The Group undertook a thorough review of the cost structure with the aim of driving sustainable savings and improving long-term cost efficiency. This has led to a reallocation of resources and costs toward format-level operations, driving greater agility and responsiveness to evolving market conditions, while continuing to reduce central selling, general and administrative (SG&A) costs through overhead optimisation. Combined with improving digital economics, underlying operating profit from continuing businesses6 grew 14% year-on-year in the first half of 2026. Improved operating performance and lower financing costs contributed to an 11% increase in underlying profit attributable to shareholders, or 44% from continuing businesses7 only.
The Group maintained a healthy balance sheet with a net debt position of US$22 million as of 30 June 2026. Return on capital employed further improved to 12%, up from 9% as of December 2025.
The Group declared an interim dividend of US¢6.20 per share, representing a significant increase of 77% compared to the same period last year. This enhanced interim dividend distribution underscored the Board’s confidence in the Group’s underlying business momentum and strong cash flow generation, while ensuring sufficient capital for future growth in line with our 70% payout policy.
OPERATING PERFORMANCE
Overall For the first half of 2026, underlying subsidiary revenue from continuing businesses6 was US$4.1 billion, up 4% year-on-year and 3% on a LFL basis. The growth was driven by strong performance in the Health & Beauty division, as well as a return to growth in the Convenience and Home Furnishings segments. Total revenue, including Maxim’s, was US$5.6 billion. Excluding divestments7, total revenue increased by approximately 4%.
Overall underlying profit attributable to shareholders from continuing businesses7 grew 44% year-on-year to US$117 million, primarily driven by improved operating profit and lower financing costs.
Underlying subsidiary profit from continuing businesses6 was US$101 million, reflecting a 49% year-on-year increase, primarily driven by earnings recovery in the Home Furnishings and Food segment with lower SG&A expenses as a result of overhead reduction.
Underlying profit from associates was US$16 million, down from US$30 million in the prior comparable period, which included share of profits from Robinsons Retail ahead of its disposal. Excluding this, profit contribution from associates was up 22% year-on-year due to robust sales growth and effective cost optimisation at Maxim’s.
The Group reported operating cash flow after lease payments of US$178 million, 16% higher than the prior year period, driven by underlying operating profit growth. Free cash flow for the period was a net inflow of US$85 million, down 5% year-on-year, due to increased capex investment in priorities that will further strengthen the Group’s competitive position while driving long-term value for shareholders.
Digital Capturing a significant share of daily essential customer missions in Hong Kong, the DFI Omni Platform – powered by yuu – enables deeper customer engagement across offline and online touchpoints, maximises data capture and unlocks incremental margin opportunities beyond core retail through DFIQ Media and DFIQ Insights. Overall digital turned profitable, with e-commerce and DFIQ Media contributing to approximately 35% of total revenue growth in the first half of 2026. This was supported by improved underlying e-commerce economics, a rising online sales penetration8 to 6.9% and 3 times in DFIQ Media revenue compared to first half of 2025. As of June 2026, more than 10,000 digital media-ready screens were available across DFI outlets.
Subsidiaries Sales for the Health & Beauty division were US$1.4 billion, up 8% year-on-year from continuing businesses9, 7% in constant currency, or 6% on a LFL basis, with continued market share gains across key operating markets. Mannings and Guardian deepened their leadership as the trusted advisors for wellness through an enhanced, wellness-focused assortment and continued roll-out of skin and scalp assessment services across a wider store network. The recently announced exclusive distribution partnership with Holland & Barrett, a leading UK health and wellness retailer, will further expand customer access to trusted wellness solutions in Hong Kong and Singapore, followed by a broader rollout across selected Asia markets in the coming years. In Hong Kong and Macau, Mannings delivered 5% LFL sales growth, driven by increased basket size and robust tourist store sales amid higher visitor arrivals. In Southeast Asia, Guardian achieved strong LFL sales growth of 9%, supported by higher basket sizes and improved promotional efficiency, with Indonesia and Vietnam delivering close to 20% LFL growth. Excluding the impact of cost reallocation and closure of Mannings China offline stores, divisional profit increased moderately by 2% to US$109 million. Margin declined primarily due to increased strategic promotions to drive stronger sales and market share in Southeast Asia, particularly in Malaysia where health & beauty retailers did not benefit from the SARA Cash Aid Programme.
Total Convenience sales were US$1.2 billion, up 4% year-on-year or 2% on a LFL basis, as continued growth in higher-margin categories, including ready-to-eat (RTE) and exclusive collectibles, more than offset the decline in lower-margin cigarette volumes. Hong Kong LFL sales returned to growth in the second quarter following ten consecutive quarters of decline, supported by RTE and an expanded non-food assortment, including limited-edition collectibles and K-pop merchandise. Excluding cigarettes, LFL sales were up 3% for the period. In Singapore, effective promotional campaigns and collectible product launches drove strong LFL sales growth of 8%. In South China, continued store network expansion through a capex-light franchise model – including a net addition of 112 stores since June 2025 to nearly 1,980 locations – contributed to 12% sales growth year-on-year or 6% on constant currency basis. LFL sales were 1% higher compared to the prior year period, driven by the successful launch of Own Brand in key categories of frozen products and packaged drinks. The team remains focused on driving footfall and sales through further expansion of the RTE offering across both offline and online channels. This includes a broader rollout of the Food Bar to 453 stores as of June 2026, up from 325 at year-end 2025, and strong overall online sales growth of more than 35%. Excluding cost reallocation impact, profit for the division increased by 2% to reach US$37 million.
Reported sales for the Food division from continuing businesses10 were US$1.1 billion, up 1% year-on-year. LFL sales returned to positive growth of 0.5% in the second quarter of 2026. In Hong Kong, investment in reduced pricing on core basket items, a stronger fresh proposition, and Own Brand offering drove 2% increase in total volume and 0.5% LFL sales growth in the first half of 2026. As of June 2026, Wellcome’s “Everyday Value” range has expanded to nearly 500 items, offering savings of up to 40%, bringing its basket price down from a premium to a discount relative to the Greater Bay Area. The team also accelerated omnichannel growth with more than 35% growth in online order volume. In Cambodia, Lucky reported strong double-digit sales growth, with profit more than doubling year-on-year. The plan to open 50 new stores over the next few years remains on track. Macau Food sales remained challenging as a result of cross-border grocery shopping. Excluding the impact of cost reallocation and the divestment of Singapore Food, overall divisional profit increased by 27% year-on-year to US$17 million.
The Home Furnishings division delivered strong recovery in performance during the first half of 2026, with LFL sales growth of 4%, compared to a decline of 6% in the prior year period. Price reinvestment in core value SKUs, a stronger focus on locally relevant ranges and IKEA Food innovation drove increased footfall and items per baskets, resulting in a 3% LFL sales growth in Hong Kong and 5% in Taiwan. IKEA Food remains a critical traffic and revenue driver, accounting for 15% of total sales. In Indonesia, while offline sales momentum remained soft, LFL sales trend improved on a strengthening IKEA’s omnichannel proposition with online sales penetration reaching 24%. Sales recovery and effective cost optimisation measures contributed to 85% growth in overall divisional profit, excluding cost reallocation impact.
Associates The Group’s share of Maxim’s underlying profits was US$16 million for the first half of 2026, up 15% year-on-year, underpinned by continued cost optimisation and operational efficiency measures. Sales for the period increased by 4%, driven by strong restaurant performance in Southeast Asia and a return to growth in the Chinese mainland, partially offset by weaker sales in Hong Kong.
RECENT BUSINESS DEVELOPMENTS
On 30 June 2026, the Group announced the acquisition of 100% interest in Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong, for a cash consideration of HK$30.2 million (approximately US$3.8 million) from ARN Media Network Limited (ASX: A1N), subject to customary adjustments.
The acquisition advances DFI’s strategy to build a full-funnel advertising solution in Hong Kong through DFIQ Media. By integrating Cody HK’s strategic assets – including multi-year exclusive advertising rights with Kowloon Motor Bus (KMB) and Hong Kong Tramways (HKT) – with DFI’s extensive store network, growing online user base, and closed-loop measurement capabilities, DFIQ Media strengthens its ability to deliver high-impact advertising solutions to a broader advertiser base across online, in-store, and outdoor channels.
Subject to satisfaction of third-party consents, the transaction is expected to complete in the second half of 2026.
PEOPLE
On 6 July 2026, the Group announced four senior leadership appointments effective from 1 August 2026. These moves reflect the Group’s continued focus on strengthening its leadership pipeline and driving the next phase of growth with experienced, proven leaders.
Andrew Wong will be appointed Chief Executive Officer, DFI IKEA. Formerly CEO of Health & Beauty, Andrew brings extensive experience in driving customer-led growth, operational discipline and in-store digitalisation across multiple markets. His earlier leadership of franchise operations at Jardine Restaurant Group positions him well to lead the IKEA business into its next phase of development.
Curtis Liu, having most recently served as Chief Executive Officer of Food, will be appointed Chief Executive Officer, Health & Beauty. His proven leadership in driving customer value repositioning in Hong Kong, combined with deep operational retail knowledge and digital experience at JD.com, positions him well to drive continued momentum and omnichannel growth in Health & Beauty.
Tom van der Lee will be appointed Chief Executive Officer, Food. Tom has played an instrumental role as Group Chief Financial Officer, driving financial discipline and supporting key strategic decisions across the Group. His prior experience at FrieslandCampina, a global food company, and his broad financial leadership across DFI banners in Southeast Asia supported his strong commercial grounding to lead the Food business.
Kaizhi Wu will succeed Tom as Group Chief Financial Officer. Kaizhi currently serves as Group Finance Director, Planning & Reporting, based in Hong Kong. Prior to joining DFI, he served as Executive Vice President and Chief Financial Officer of Yonghui Superstores Co., and earlier held senior roles at Jardine Matheson, Fosun Group and PwC in London. Kaizhi will join the Group’s Management Committee upon assuming his new role.
OUTLOOK
The Group remains confident in our ability to navigate the evolving trading environment, supported by sharpened business priorities, a strong balance sheet and low-cost operating model. Financial outlook outlined at the Investor Day in December 2025 remains intact as DFI continues to execute our multi-year strategic initiatives that are critical to driving sustainable revenue and earnings growth. These initiatives include strengthening our value proposition, strategically expanding store network, enhancing omnichannel capabilities and accelerating digital asset monetisation through data-driven insights. In particular, the growing DFI Omni Platform will deepen our customer engagement, further reinforce our core retail strength and enhance overall earnings resilience in the long term.
Despite an elevated oil price outlook for the remainder of the year, the Group expects to deliver stronger profitability supported by enhanced operational efficiency. As a result, the Group revises up its full-year organic revenue growth11 outlook to be between 3.0% and 4.0% (up from previously 2.0% to 3.0%), and underlying profit attributable to shareholders to be between US$285 million and US$305 million (up from previously US$270 million and US$300 million).
Scott Price Group Chief Executive
—————– 1 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail 2 Excluding impacts of divestment of Singapore Food business and closure of Mannings China 3 Excluding Singapore Food and Mannings China 4 Excluding impacts of divestment of Singapore Food business and closure of Mannings China 5 Based on a third-party assured price comparison of a 200-item comparable basket between DFI and Shenzhen 6 Excluding impacts of divestment of Singapore Food business and closure of Mannings China 7 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail 8 Excluding cigarettes under Convenience and IKEA Food 9 Excluding Mannings China 10 Excluding Singapore Food business 11 Excluding Singapore Food and Mannings China Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #IKEA #yuu #Maxim’s
The issuer is solely responsible for the content of this announcement.
DFI Retail Group
DFI Retail Group (the Group) is a leading Asian retailer, driven by its purpose to ‘Sustainably Serve Asia for Generations with Everyday Moments’.
At 30 June 2026, the Group and its associates operated 7,659 outlets across 12 markets, of which 5,593 stores were operated by subsidiaries. The Group, together with its associates, employed over 81,000 people, with more than 43,000 people employed by subsidiaries. The Group had reported revenue of US$8.9 billion in 2025.
The Group is committed to delivering quality, value and service to consumers across the region through trusted brands, strong local market positions, and a broad retail ecosystem supported by extensive store networks, digital capabilities and efficient supply chains.
The Group and its associates operate a portfolio of well-known brands across five key divisions. The principal brands are:
Health and Beauty
Mannings in Hong Kong and Macau S.A.R.; Guardian in Brunei, Indonesia, Malaysia, Singapore and Vietnam.
Convenience
7-Eleven in Hong Kong and Macau S.A.R., Singapore and Southern China.
Food
Wellcome and Market Place in Hong Kong S.A.R.; San Miu in Macau S.A.R.; Lucky in Cambodia.
Home Furnishings
IKEA in Hong Kong and Macau S.A.R., Indonesia and Taiwan.
Restaurants
Hong Kong Maxim’s group on the Chinese mainland, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam.
The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.
Arabian Post Staff -Dubai A claim that the United States and the UAE have launched their first joint military artificial intelligence initiative under the name Task Force Talon Synapse has circulated online, but no official announcement confirming the programme could be identified. The assertion, promoted by the social media account BRICS News, described the purported project as a new bilateral defence effort. However, neither the US Department […]
Singapore’s central bank has warned that any sharp pullback in artificial intelligence investment could weaken global growth, disrupt semiconductor demand and trigger turbulence across financial markets.
The Monetary Authority of Singapore said uncertainty over whether companies can sustain vast spending on data centres, advanced chips and computing infrastructure has become a significant risk to the economic outlook. The warning reflects growing scrutiny of whether revenue generated by AI services can justify the scale of capital committed by technology groups.
MAS Managing Director Chia Der Jiun said the global economy should continue to benefit from AI-related expenditure in the near term, but the longer-term impact remains difficult to assess. A sudden reduction in investment could affect manufacturing, trade and financial asset prices, particularly in economies closely linked to electronics supply chains.
The assessment carries particular significance for Singapore, where technology-related production has driven much of the economic expansion this year. The economy grew by about 6 per cent during the first half of 2026, while AI-linked electronics accounted for more than 70 per cent of export growth. Semiconductor production, data-centre equipment and related services have helped offset pressure from trade restrictions, higher energy costs and geopolitical instability.
MAS expects economic activity to remain firm during the second half of the year, supported by technology, construction and financial services. However, it cautioned that tighter global financing conditions or a reversal in AI expenditure could undermine the durability of that growth and ease inflation more rapidly than expected.
The warning comes as the world’s largest technology companies raise spending on processors, servers, power systems and data centres. Capital expenditure by major AI-linked companies is projected to rise by more than 75 per cent to around $700 billion in 2026. Large technology groups are also turning increasingly to debt markets to finance the buildout, strengthening the connection between AI investment, credit conditions and the wider economy.
Fitch Ratings has identified an AI market correction as an emerging global credit risk, citing elevated valuations, concentrated investment and uncertainty over future returns. Amazon and Alphabet are among companies whose combined bond issuance has reached about $182 billion, underlining the growing role of borrowed funds in supporting infrastructure spending.
Supporters of the investment surge argue that generative AI could raise productivity, reduce costs and create new markets comparable to earlier technological transformations. Demand for advanced chips and cloud capacity remains strong, while business investment data continue to show momentum. US orders for core capital goods rose 0.9 per cent in June, and shipments increased 1.9 per cent, their strongest gain in four and a half years, helped by spending on computers and electronic equipment.
Questions persist over how quickly that spending will generate sustainable profits. Data centres require large quantities of electricity, specialised chips and cooling infrastructure, while rapid improvements in computing equipment can shorten replacement cycles. Companies may face pressure to keep investing even before earlier projects achieve their expected returns.
Academic research indicates that the AI boom combines strong technological foundations with pockets of speculative vulnerability. Enterprise adoption, revenue growth and productivity improvements support parts of the valuation expansion, but investment has outpaced monetisation in some segments. Private-market valuations are also concentrated among a limited number of companies, increasing the risk that a reassessment of growth expectations could spread rapidly.
Global equity markets are already showing greater sensitivity to concerns about returns from AI spending. Semiconductor shares have faced selling pressure, while technology indices have retreated from earlier peaks. Investors are closely examining earnings from leading cloud and chip companies for evidence that demand remains strong enough to support infrastructure budgets.
Singapore is vulnerable to such shifts because of its position in global electronics, finance and trade networks. A decline in chip orders could affect factory output and exports, while a fall in technology valuations could weaken investment sentiment and household wealth. Financial institutions could also face losses through corporate lending, bond holdings and market exposure.
MAS has separately highlighted cybersecurity threats arising from AI and quantum-computing advances. AI tools can improve fraud detection and network monitoring, but they can also make phishing, impersonation and hacking attempts more convincing. The authority has established an industry task force to help financial institutions strengthen their defences as technology-driven risks become more sophisticated.
Hyperliquid’s HYPE token has emerged as one of the strongest-performing major crypto assets of 2026, outpacing Bitcoin, Ether and Solana as expanding derivatives activity, rising protocol income and large staking transactions draw greater investor attention. A large holder transferred 557,902 HYPE tokens from institutional trading firm FalconX and deposited the entire holding into Hyperliquid’s staking system on July 25. The tokens were valued at about $32.87 million […]
Nvidia has assembled nearly 40 technology companies to develop open tools for artificial intelligence security, but the absence of OpenAI, Google, Anthropic and Amazon has highlighted widening divisions over how the industry should protect increasingly autonomous systems. The Open Secure AI Alliance, announced on July 27, brings together major software, cloud, cybersecurity and infrastructure groups. Its inaugural partners include Microsoft, IBM, Adobe, Cisco, CrowdStrike, Cloudflare, Dell Technologies, […]
A magnitude-7.1 earthquake struck Kumamoto prefecture in southern Japan on Tuesday, injuring at least 50 people, damaging buildings and roads, and cutting electricity to tens of thousands of homes. The earthquake hit at about 4.27 pm local time and registered the highest level of seven on Japan’s seismic intensity scale in parts of Kumamoto. Violent shaking was reported across Kyushu, with residents describing collapsing roof tiles, broken […]
Anthropic chief executive Dario Amodei has rejected calls for a sweeping ban on open-weight artificial intelligence models, while urging governments to impose stronger safety testing and targeted controls on systems capable of causing serious harm. Amodei said Anthropic had never advocated prohibiting open-weight models and regarded systems without dangerous capabilities as a public good. His intervention followed criticism of the company for declining to join a technology […]
Tech Mahindra has launched an Engineering Experience Centre in Hyderabad to help enterprises move more quickly from product concepts to commercial deployment, strengthening its push into artificial intelligence-led engineering services.
The company also unveiled a new engineering proposition, “Accelerating Breakthroughs”, designed to address growing product complexity, shorter innovation cycles, supply-chain pressures and geopolitical disruption. The initiative aims to give customers a working environment in which designs can be tested, refined and prepared for the market.
The centre will bring together Tech Mahindra engineers, clients, technology partners and other industry participants to develop and validate products and systems. It combines engineering expertise with artificial intelligence, digital twins, model-based engineering and collaborative product-development processes.
Unlike a conventional demonstration facility, the centre has been structured as an operational engineering environment. Visitors will be able to examine how ideas pass through product development, teardown analysis, validation, testing, supply-chain assessment and other stages before reaching commercial readiness.
The facility will also demonstrate how engineering information can be connected throughout a product’s lifecycle. Digital-thread technology will link design, manufacturing, testing, maintenance and performance data, while digital twins will allow companies to simulate physical products or systems before making costly changes in real-world environments.
Artificial intelligence will be used across engineering workflows to accelerate analysis, detect design problems, assist decision-making and improve the use of product data. The approach reflects a wider shift among technology services companies from primarily supplying skilled personnel towards delivering integrated engineering platforms, laboratories and measurable business outcomes.
Rohit Madhok, global head of engineering services at Tech Mahindra, said engineering had always involved solving constraints and that the centre would provide a living environment where ideas could be developed, stress-tested, dismantled, reimagined and validated.
“The next generation of breakthroughs will come from simplifying complexity, orchestrating ecosystems, and augmenting human ingenuity with technology,” Madhok said.
Clients and partners will be able to work directly with the company’s engineering teams on structured experiments. The centre is intended to reduce the distance between an early-stage concept and a product that can be manufactured, deployed or scaled.
The initiative targets industries facing rapid technological change and increasingly connected products, including automotive, aerospace, industrial equipment, energy, consumer goods, transportation and communications. Manufacturers in these sectors are investing in software-defined products, predictive maintenance, automation and digitally connected supply chains.
Tech Mahindra’s engineering portfolio covers product design and development, software-defined vehicles, embedded systems, product lifecycle management, testing, manufacturing systems and after-market support. Its capabilities also extend to aerospace structures and avionics, rail signalling, industrial asset management and connected consumer products.
The company operates more than 50 engineering centres and has developed over 50 technology platforms and solutions, along with more than 25 proprietary tools and frameworks. It says the centres have helped customers lower capital expenditure and improve the use of engineering resources.
The Hyderabad launch comes as global technology providers increase investments in physical experience centres that allow customers to evaluate artificial intelligence and digital engineering applications before committing to large transformation programmes. Such facilities are becoming important sales and delivery assets because enterprises increasingly demand evidence of operational value rather than isolated technology demonstrations.
Engineering research and development has also become a major growth area for technology service providers as manufacturers seek outside expertise in connected products, cloud platforms, chip design, autonomous systems and industrial artificial intelligence. Shorter product cycles have placed pressure on companies to conduct design, simulation, validation and manufacturing preparation simultaneously rather than sequentially.
Model-based engineering is central to that transition. It replaces fragmented documents and manual handovers with digital models that can be shared across engineering functions. When combined with a digital thread, the method can improve traceability and allow teams to understand how a design alteration affects manufacturing, compliance, costs and product performance.
The new centre will support Tech Mahindra’s effort to position itself as a strategic engineering partner rather than only an information technology outsourcing provider. The company offers consulting, enterprise applications, business process services, network services, customer-experience design, artificial intelligence, analytics, cloud infrastructure and engineering services.
Arabian Post Staff -Dubai Emirates has launched Crypto. com Pay across its website and mobile application, allowing eligible UAE residents to purchase flight tickets using cryptocurrency while the airline receives settlement in UAE dirhams. The new payment option is available for bookings priced and settled in dirhams. Customers must hold a verified Crypto. com account and complete the transaction through the platform’s application. The rollout turns a […]
We.R.Wira Season 4 Equips Youth with Industry Ready Skills Aligned with UN SDGs
SELANGOR, MALAYSIA – Media OutReach Newswire – 28 July 2026 – Centriq PR, independent Malaysian public relations consultancy, marked another milestone in its commitment to purposeful communication as Season 4 of its social impact initiative, We.R.Wira, culminated in the Golden Wira Awards Ceremony at Tan Yew Sing Auditorium, INTI International College Subang.
We.R.Wira Season 4 recorded its strongest participation to date, receiving 41 submissions from four institutions. (Below stage, from left): Director of Strategic Communications, Malaysia Digital Economy Corporation, Mr. Frank Chan, Managing Director, EVD Berhad, Mr. Norhizam Abdul Kadir, Head of Community Outreach & Collaborations, United Nations Association Malaysia, Ms. Loke Pak-Yen, Managing Director, Centriq PR, Ms. Jacqueline Arnold, Head of Programme, Mass Communications, Centre for University of Hertfordshire Programmes, INTI International College Subang, Mr. Roberto Calleja Fernandez, Dean, Centre of University of Hertfordshire Programmes, INTI International College Subang, Mr. Lai Mun Loon.
At its core, We.R.Wira reflects Centriq PR’s belief that heroism lives in ordinary individuals—the everyday heroes (“Wira” ) who choose to act with passion and purpose for causes they believe in. By empowering youth to uncover and tell these stories, Centriq PR aims to nurture purposeful storytellers and future changemakers.
Equipping Youth with Industry‑Ready Skills As the communication industry evolves, Centriq PR recognises that practitioners need more than creativity. They must develop a deeper understanding of the United Nations’ 17 Sustainable Development Goals (UN SDGs), communicate their relevance to different audiences and connect with collaborators across sectors. We.R.Wira equips students with these industry‑relevant skills by combining real‑world storytelling, SDG alignment and academia‑industry partnerships.
In her opening remarks, Managing Director of Centriq PR, Jacqueline Arnold, shared, “At Centriq PR, we believe storytelling has the power to educate, inspire and bring people together. Storytelling is more than creative expression; it is practice for life. Beyond learning to craft authentic narratives, students gain the ability to identify stakeholders with shared values, build meaningful collaborations and amplify stories across multiple platforms to inspire real impact. This is what PR is all about. Through We.R.Wira, we encourage young communicators to listen with empathy and give voice to everyday heroes who create positive change in their communities.”
Season 4 recorded its strongest participation to date, receiving 41 submissions from four institutions: UOW Malaysia Glenmarie, UTAR Kampar, UiTM Shah Alam, and newcomer INTI International College Subang, which proudly hosted the ceremony. Collectively, participants explored 12 of the 17 UN SDGs, with SDG 11 (Sustainable Cities and Communities), SDG 15 (Life on Land), and SDG 10 (Reduced Inequalities) most represented.
Building Skills Through Workshops and Resources Centriq PR also led a workshop at INTI International College Subang, supported by a video series and workshop deck, to introduce strategic communications, SDG alignment and ESG‑focused narratives. These resources gave students practical skills to connect their stories to sustainability goals and prepare to collaborate with stakeholders as future communicators.
Celebrating Storytelling as a Catalyst for Change Entries were evaluated by a panel comprising Loke Pak‑Yen (United Nations Association Malaysia), Frank Chan (MDEC), Norhizam Abdul Kadir (EVD Berhad), and Arnold.
The event brought together students, educators and industry leaders to celebrate storytelling as a catalyst for positive change, demonstrating how strategic communications can help advance the UN SDGs.
Academic Dean of INTI International College Subang, Mr. Eric Lee, noted, “This semester, INTI International College Subang aligned its Mass Communication module assessments with the We.R.Wira campaign, encouraging students to submit their coursework to the national competition.”
Honouring Champions and Outstanding Stories For its compelling storytelling and lasting community impact, the submission titled Anak Pulau: Below the Surface by UiTM Shah Alam emerged champion. Another submission by UiTM Shah Alam, Where Heart Meets: The Story of Tender Hearts Cafe secured the first runner‑up spot, while Beyond the Sirens by UOW Glenmarie took second runner‑up position.
For demonstrating exceptional merit and strong performance, four Honourable Mentions were presented to Colouring Lives (UOW Glenmarie) and Keep Wildlife Wild: Animal Neighbours Project, Sixteen Pillars, One Heritage, and Invisible Citizens: The Fight For A Name, all submitted by UiTM Shah Alam.
In the new Outstanding SDG Alignment category, the submissions titled Invisible Citizens: The Fight For a Name (SDG 10: Reduced Inequalities) and The Lost Food Project: More Than Leftovers (SDG 12: Responsible Consumption and Production; SDG 2: Zero Hunger), UiTM Shah Alam emerged as winners for their powerful alignment with selected SDGs and ability to inspire awareness and action.
Looking Ahead to Season 5 Through We.R.Wira, Centriq PR is cultivating the next generation of communicators by equipping students with practical experience in strategic storytelling, SDG alignment, stakeholder engagement, and industry collaboration—skills essential in today’s PR profession.
Season 4 leaves a resounding message: Change begins when those who care enough, dare to act. Looking ahead, We.R.Wira will return for Season 5, reaffirming Centriq PR’s long‑term commitment to nurturing future communicators through meaningful storytelling, collaboration and social impact initiatives.
The issuer is solely responsible for the content of this announcement.
About Centriq PR
Centriq PR is a Malaysian independent public relations consultancy, recognised for its expertise in strategic content development, corporate communications, media relations, reputation management, ESG communications, and crisis response.
The consultancy focuses on human intelligence, ethical guidance, and trust-building to provide strategic communications counsel, partnering with organisations across industries to build trust, strengthen stakeholder relationships, and deliver measurable outcomes.
Beyond client work, Centriq PR champions communications as a force for social impact. Its flagship youth initiative, We.R.Wira, equips students with practical storytelling skills and amplifies inspiring stories aligned with the United Nations Sustainable Development Goals (UN SDGs), showing how communication can drive lasting positive change.
The Video Game History Foundation has released several major digital collections chronicling E3, giving researchers and fans free access to thousands of pages, rare recordings and promotional material from the industry’s defining trade show. The newly published archive documents the Electronic Entertainment Expo from its launch in 1995 through its final years, bringing together material donated by organisers, exhibitors and attendees. It includes nearly 24 hours of […]
Arabian Post Staff -Dubai Dubai International Financial Centre has surpassed 10,000 active registered companies for the first time, sustaining rapid growth despite war-related disruption, weaker regional confidence and pressure on several parts of Dubai’s economy. The number of active companies operating from DIFC reached 10,018 at the end of June, up 30 per cent from a year earlier. The centre attracted 2,318 additional active businesses over the […]
Attackers are exploiting a critical vulnerability in Alibaba’s Fastjson library that can allow unauthenticated remote code execution on Java servers, raising urgent concerns for organisations running older versions of the widely deployed software component. The flaw, tracked as CVE-2026-16723, affects Fastjson 1. x installations under specific configurations and carries a severity score of 9.0 out of 10. Successful exploitation can give an attacker control of a vulnerable […]
Damaged fat cells may help drive diabetes by losing their capacity to store lipids safely, becoming inflamed and eventually disappearing, research into a rare inherited disorder has found. The findings challenge the idea that metabolic disease is caused only by having too much body fat. They show that losing healthy adipose tissue can also destabilise blood sugar regulation by forcing fat into organs that are poorly equipped […]
A powerful tornado tore across north-eastern Wisconsin on Monday, damaging homes, businesses and vehicles while cutting electricity to tens of thousands of customers. The National Weather Service confirmed that the tornado struck parts of Winnebago and Outagamie counties during a severe thunderstorm outbreak driven by intense heat, high humidity and unstable atmospheric conditions. Preliminary surveys identified damage consistent with at least an EF2 tornado in Menasha, where […]
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A malvertising operation targeting traders and cryptocurrency users is assembling malicious Windows software inside victims’ browsers, allowing each downloaded file to evade conventional fingerprint-based security checks. The campaign, known as SourTrade, uses sponsored advertisements and imitation websites resembling TradingView, Solana and Luno. Rather than transmitting a complete malicious program, the sites send instructions and separate components that the browser combines into an executable file on the user’s […]
Multiple high-severity vulnerabilities in FFmpeg have exposed media-processing systems to memory corruption, information leakage and service disruption when they handle malicious video, audio, image or subtitle files. The newly catalogued flaws affect FFmpeg 8.1.2 and, depending on the vulnerability, several older branches. They are especially significant for cloud transcoding services, streaming platforms, social networks, content-management systems and artificial intelligence applications that automatically process files supplied by users. […]
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