SHENZHEN, CHINA – Media OutReach Newswire – 3 July 2026 – The automotive aftermarket faces a technician shortage: only one candidate exists for every four open roles. Today, THINKCAR unveiled Tyler, the industry’s first AI Diagnostic Agent, at its 2026 Global Distributors Conference in Shenzhen, with hundreds of distributors from 30+ countries gathered under the theme “Igniting the Era of AI Diagnostic Agents — AI That Knows. AI That Acts.”
Tyler is an AI Diagnostic Agent that perceives, reasons, acts, and learns with every session. It runs a full diagnostic workflow — from fault capture to repair plan — and predicts future failures before warning lights turn on. The technician keeps working. Tyler handles the rest. Related Tyler videos:
Built on THINKCAR’s proprietary ThinkLLM, Tyler delivers answers in seconds, backed by 2.4M users, 400K+ daily sessions, and 140+ AI patents.
“Empowering every vehicle, that is the promise of a whole life. The independent repair shop deserves the best tools in the world,” said Ben Tan, Chairman of THINKCAR.
“Tyler does not replace your technicians. It replaces the tools that waste their time,” said Peter, VP of THINKCAR’s Diagnosis Business Center.
Tyler Ships Today. More Products Announced.
The THINKTOOL 394 AI ships with Tyler onboard. Dedicated AI Agent series will follow.
Alongside Tyler, THINKCAR announced:
T394 IMMO — Immobilizer diagnostics
T391 & T391 EV — Next-gen platform with EV capabilities
TPMS Tools — Tire pressure monitoring
Garage Equipment — Expanded maintenance line
Partnership with Solera AutoData THINKCAR integrated 375,000+ Solera AutoData repair procedures covering 99% of models into Tyler’s workflow.
Conference by the Numbers Hundreds of distributors from 30+ countries 30 awards across 4 categories: Diamond, Excellent, Outstanding, THINKCAR Star
day program (June 24-27)
Availability Tyler is available today on THINKTOOL 394 AI. 10-inch series (399, 394 IMMO, T391, T391 EV) expands late 2026. You wrench. Tyler handles the rest. Diagnostics. Assessment. Parts. Prediction. The End-to-end Expert.
The issuer is solely responsible for the content of this announcement.
About THINKCAR
THINKCAR is a leading AI-powered automotive diagnostic provider serving 2.4 million users across 215 countries, with products spanning 8 categories including diagnostic tools, TPMS, ADAS calibration, EV diagnostics, and remote service platforms.
Arabian Post Staff -Dubai Reports that Washington may scale back its troop presence in Saudi Arabia have sharpened scrutiny of a defence relationship that has long underpinned Gulf security, after Riyadh resisted the use of its bases and airspace for operations tied to the Strait of Hormuz during heightened confrontation with Iran. The episode has exposed a difficult shift in one of the region’s most consequential partnerships. […]
Transaction Valued at $122.5M Establishes 20,000-Liter US Biologics Drug Substance Manufacturing Platform, Covering Development through Commercial Supply
TAIPEI, TAIWAN – Media OutReach Newswire – 2 July 2026 – Bora Pharmaceuticals Co., Ltd. (“Bora” or “Bora Group”; TWSE: 6472; OTCQX: BORAY) today announced the completion of its acquisition of the GMP manufacturing operations of MacroGenics, Inc. (NASDAQ: MGNX) including its biologics drug substance facility in Rockville, Maryland and an associated warehousing center in Frederick, Maryland, for total consideration of US $122.5 million through its wholly owned subsidiary Bora Biologics USA, LLC.. Upon closing, Bora signed a long-term CDMO Service Agreement with MacroGenics.
With the close of the transaction, Bora Group’s biologics CDMO franchise, Bora Biologics, now operates 20,000 liters of single-use bioreactor (SUB) drug substance manufacturing capacity across two active US sites: Rockville, Maryland and San Diego, California, and one development facility in Zhubei, Taiwan.
“This acquisition establishes a US biologics manufacturing platform that sponsors can depend on, from development through licensed commercial supply,” said Bobby Sheng, Chairman and CEO of Bora Group. “As regulatory and supply chain dynamics continue to evolve, we expect biotech and pharmaceutical companies to increasingly seek manufacturing partners with US-based, inspection-proven infrastructure. Bora Biologics is designed to meet that need, offering a fully integrated, end-to-end biologics platform spanning drug substance and drug product capabilities.”
With the addition of the Rockville facility, Bora Biologics supports more than 4 active commercial programs, with more than 120 completed GMP batches and supply into multiple global markets including the US, EU, Japan, Canada and the UK with fully integrated QC and analytical capabilities.
Across its US network, Bora Biologics has completed five FDA inspections, including two at Rockville and one PMDA review in 2025, with clean results at both sites. The combined platform has supported more than 33 biologics and 15 biosimilars, establishing a manufacturing base for biotech and pharmaceutical companies with reduced offshore dependency and domestically anchored infrastructure.
Bora Group intends to integrate its US drug substance (DS) capabilities with its existing sterile drug product (DP) capabilities over the next 12 to 18 months, offering a seamless, fully integrated development-through-commercial biologics solution.
Hashtag: #BoraPharmaceuticals
The issuer is solely responsible for the content of this announcement.
About Bora
Founded in 2007, Bora Pharmaceuticals (“Bora” or “the Company”, 6472.TW and BORAY.OTCQX) is a leading pharmaceutical services company with a vision and goal of “Contributing to Better Health All Over the World”. Operating under a “Dual Engine” model that integrates CDMO and commercial expertise, we empower pharmaceutical and biotech partners to optimize product development, accelerate launches, and scale supply to meet global patient needs. At the same time, we actively broaden R&D and sales infrastructure, focusing on niche and rare disease markets to improve patients’ quality of life.
By investing in talent, infrastructure, and biologics expansion, Bora continues to transform operations and achieve sustainable growth. Committed to making success “certain,” Bora sets new standards in the pharmaceutical and CDMO industries.
Disclaimer: This document and the accompanying information may contain forward-looking statements. All statements regarding the company’s future business operations, potential events, and prospects (including but not limited to forecasts, targets, estimates, and operational plans) are considered forward-looking statements unless they refer to factual occurrences. Forward-looking statements are subject to various factors and uncertainties that may cause significant differences from actual results, including but not limited to price fluctuations, actual demand, exchange rate variations, market share, competitive conditions, changes in the legal, financial, and regulatory framework, international economic and financial market conditions, political risks, cost estimates, and other risks and variables beyond the company’s control. These forward-looking statements are based on current predictions and assessments, and the company disclaims any responsibility for future updates.
Singapore-based companies have committed more than S$5.5 billion in Johor since the JS-SEZ memorandum of understanding, while IMFC-J reported 1,000 enquiries linked to RM73 billion in potential investment in March 2026.
JOHOR, MALAYSIA – Media OutReach Newswire – 2 July 2026 – Forest City Special Financial Zone (Forest City SFZ) today issued a progress update on the Johor-Singapore Special Economic Zone (JS-SEZ), pointing to early implementation milestones in investment facilitation, financial-services incentives and cross-border connectivity.
Forest City, Johor
The JS-SEZ agreement, signed on 7 January 2025, covers approximately 3,588 square kilometres across southern Johor. It comprises nine flagship areas and targets investment in 11 sectors, including manufacturing, logistics, financial services, the digital economy, tourism, education, healthcare and the green economy. Forest City is the designated financial-services flagship within the framework.
“The JS-SEZ has moved beyond framework design and into early-stage execution. Forest City has a defined role in financial services and family-office activity, while the wider zone is building a pipeline across multiple industries,” a Forest City SFZ spokesperson said.
Investment pipeline builds across the JS-SEZ
Singapore’s Ministry of Trade and Industry said Singapore-based companies had committed more than S$5.5 billion in investments into Johor since the JS-SEZ memorandum of understanding was signed in January 2024. The figure was highlighted at the second JS-SEZ Joint Investment Forum in Singapore in October 2025.
On the Malaysian side, the Invest Malaysia Facilitation Centre Johor (IMFC-J) reported in March 2026 that it had received 1,000 investor enquiries and was facilitating RM73 billion in potential investment.
IMFC-J is a joint federal-state one-stop centre led by the Iskandar Regional Development Authority, Invest Johor and the Malaysian Investment Development Authority.
The figures represent investment commitments and potential project value rather than fully realised capital expenditure, but provide an early measure of the commercial pipeline forming around the economic corridor.
Forest City builds financial-services proposition
Malaysia announced the Forest City SFZ incentive package in September 2024, followed by the gazettement of the Single Family Office (SFO) tax rules in October 2025. Under the scheme, a qualifying SFO vehicle may receive a 0% tax rate on eligible investment income for an initial 10-year period, with a possible extension for a further 10 years, subject to asset, local investment, staffing and operating-expenditure requirements.
The initial phase requires at least RM30 million in assets under management. The wider Forest City incentive framework also includes a 5% corporate tax rate for qualifying global-services and selected relocation activities, while eligible knowledge workers in the JS-SEZ may qualify for a 15% personal income tax rate, subject to prevailing rules and approvals.
According to Forest City data, nine family offices had received approvals under the scheme by June 2026. The Securities Commission Malaysia had previously reported more than 30 expressions of interest and has set a target of RM2 billion in SFO assets under management by the end of 2026.
Separately, Forest City said 593 applicants were approved for the SFZ category of the Malaysia My Second Home programme between 1 October 2024 and 31 March 2026, indicating demand from investors, professionals and long-stay residents alongside the financial-services push.
Cross-border measures support the dual-market model
The JS-SEZ framework is intended to combine Johor’s land, industrial capacity and cost base with Singapore’s capital, connectivity and business ecosystem. Measures under the bilateral framework include investor facilitation, automated immigration channels, paperless goods clearance and improved transport links.
Singapore has rolled out QR-code immigration clearance across travel modes at the Woodlands and Tuas checkpoints. Travellers should continue to carry their passports, which may still be required for verification and for clearance at the Malaysian border.
The Johor Bahru-Singapore Rapid Transit System Link is targeted to begin passenger service by the end of 2026. The four-kilometre line will connect Bukit Chagar and Woodlands North in about five minutes and is designed to carry up to 10,000 passengers per hour in each direction during peak periods.
Execution and conversion remain the next test
The World Bank projects Malaysia’s economy to expand by 4.4% in 2026, supported by domestic demand, while warning that trade restrictions, global policy uncertainty and weaker external demand remain downside risks.
For the JS-SEZ, the next phase will be measured by the conversion of enquiries and commitments into approved projects, realised investment, skilled employment and operating businesses. Delivery of transport, utilities, talent development and regulatory coordination will also determine the pace at which companies adopt a cross-border operating model.
“The early indicators are encouraging, but the economic impact should be assessed over a multi-year horizon. The priority now is to convert the pipeline into sustainable business activity, jobs and a deeper professional-services ecosystem,” the spokesperson said.
Forest City SFZ said it will continue working with public agencies, financial institutions and professional-service providers to support family offices, international investors and companies evaluating Johor as part of their regional growth strategy.
Key figures
Indicator
Latest stated figure
JS-SEZ coverage
Approximately 3,588 km²; nine flagship areas; 11 priority sectors
Singapore-linked commitments
More than S$5.5 billion committed into Johor since January 2024
IMFC-J pipeline
1,000 enquiries; RM73 billion in potential investment as at March 2026
SFO incentive
0% on eligible investment income for 10 years, with a possible further 10 years
RTS Link
Targeted passenger service by end-2026; up to 10,000 passengers per hour per direction
Malaysia 2026 GDP outlook
4.4% growth forecast by the World Bank
Hashtag: #ForestCity
The issuer is solely responsible for the content of this announcement.
About Forest City Special Financial Zone
Located in Iskandar Puteri, Johor, Forest City Special Financial Zone (FCSFZ) is Malaysia’s pioneering special financial zone and the financial-services flagship within the Johor–Singapore Special Economic Zone. It is positioned to attract financial institutions, multinational corporations, high-net-worth individuals and businesses operating in wealth management, financial technology and global business services.
Its incentive framework includes a 0% income tax rate for qualifying Single Family Office Vehicles for up to 20 years, a preferential 5% corporate tax rate for approved qualifying activities, and a special 15% personal income tax rate for eligible knowledge workers, subject to the applicable conditions, regulatory approvals and prevailing legislation. Forest City also holds duty-free island status, further strengthening its appeal as a regional investment, business and wealth-management destination near Singapore.
Scientists have identified a possible route by which Alzheimer’s disease advances through the brain, after finding that a protein normally involved in neuron-to-neuron communication may also carry toxic Tau from damaged cells into healthy ones. The discovery centres on Arc, a brain protein known to support learning, memory and synaptic plasticity. New laboratory research in mice indicates that Arc can package Tau into tiny extracellular vesicles, allowing […]
HONG KONG SAR – Media OutReach Newswire – 2 July 2026 – Natixis Corporate & Investment Banking (Natixis CIB) is pleased to announce the appointment of Luc Bernard as Chief Executive Officer, Natixis Services in India.
Luc reports to Cécile de Sousa, Chief Operating Officer, Asia Pacific & Middle East, Natixis CIB and Etienne Huret, Head of Portugal and India Hubs, Natixis.
Luc Bernard – Natixis
He brings to the role nearly two decades of experience in Global Capability Center management and offshoring strategies, entrepreneurship, delivery, software engineering, financial markets, architecture, data, digital transformation and innovation.
Luc was instrumental in establishing Natixis Services in India, Natixis CIB’s technology and innovation hub in Bangalore. He previously held the position of Executive Director and Head of CIB Operations and IT and served on the Board of Directors at Natixis Services in India from 2021 until 2025. He then transitioned to Natixis Investment Managers in Paris, where he has been serving as Head of IT Production until his current appointment. Prior to joining the IT team at Natixis CIB in 2014, Luc gained experience as a Software Developer at Société Générale and Partners Advisers SA. He holds a Master’s degree in Electronic Engineering from Ecole Nationale d’Ingénieurs de Brest and an Executive MBA from HEC Paris.
In his new role as Chief Executive Officer, Luc will support the growth of Natixis Services in India and strengthen its integration within Natixis’s global processes.
Cécile de Sousa said, “It is with great pleasure that we welcome Luc back to Bangalore to lead our India center of expertise as it celebrates its five-year anniversary. He has been pivotal in setting up this crucial operation, and spearheading technology-driven transformation and process optimization. Luc’s extensive knowledge of our internal processes, coupled with his proven track record in India, positions him perfectly to assume the leadership responsibilities of Natixis Services in India.”
Etienne Huret said, “Luc’s appointment is a key milestone in our commitment to further developing Bangalore as a critical hub for the Groupe BPCE and Natixis businesses. I look forward to working with him closely as we continue to grow synergies between our Portugal and India hubs and collaborate closely with the Group on strategic initiatives.”
The issuer is solely responsible for the content of this announcement.
Natixis Corporate & Investment Banking
Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
Our teams of experts in close to 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.
As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor’s: A+, Moody’s: A2, Fitch Ratings: A+, R&I: A+).
About Natixis Services in India
Natixis Services in India is a Center of Expertise for Groupe BPCE, a banking group of French origin, and its subsidiary, Natixis. Natixis Services in India delivers operational excellence and agile solutions by leveraging advanced technologies to address challenges in the banking industry. Natixis Services in India’s focus is on enhancing the client experience, mitigating risks, and strengthening competitive positioning. The team is committed to enriching career development opportunities within an inclusive and dynamic work environment.
Metaplanet has added 2,823 Bitcoin to its corporate treasury, taking its total holdings to 43,000 BTC and deepening its position among the world’s largest listed corporate holders of the digital asset. The Tokyo-listed company’s latest acquisition is valued at about $170 million at current market prices, while its total Bitcoin reserve is worth roughly $2.58 billion. The purchase extends a rapid accumulation strategy that has transformed the […]
BitAuto Malaysia Automotive Forum 2026 has ended in Kuala Lumpur with automakers, dealers, digital platforms and content creators positioning online engagement, localisation and electrification as the next drivers of Malaysia’s automotive growth.
The forum, held on June 30 at Sheraton Imperial Kuala Lumpur, marked BitAuto Malaysia’s first large-scale industry showcase. Hosted by BitAuto Tengyi Malaysia Sdn Bhd, the event brought together GWM Malaysia, Chery Corporate Malaysia, Proton New Energy, SGMW, JoyStar Dealer Group, TQ Wuling Manufacturing, Beritarian and representatives from Zeekr, Leapmotor, BMW, Toyota and 212 Motors.
The central theme, integration and symbiosis, reflected a market in transition. Malaysia’s automotive sector is moving from a phase led largely by model launches and pricing competition towards a broader contest over digital visibility, dealer conversion, charging access, after-sales confidence and community-led trust.
Li Wei, vice-president of Tengyi Technology and director of BitAuto Malaysia, said the company had chosen Malaysia as its flagship overseas hub because of the country’s steady vehicle demand, faster electrification, low but expanding EV penetration and policy support. BitAuto has built a 26-year presence in China’s automotive internet market through vertical auto media, mobility advertising, new media operations and AI technology.
BitAuto Malaysia is promoting Bitauto. my as a full-funnel automotive platform covering awareness, content nurturing and conversion. The platform lists more than 85 marques, 550 vehicle models and 1,300 variants, offering high-definition galleries, 360-degree VR viewing, multi-model comparison tools, pricing information and promotional data from authorised dealers.
The company is also building a trilingual content operation in Bahasa Malaysia, Mandarin and English, supported by more than 30 creators across automotive, technology, lifestyle and travel segments. Its dealer tools include membership services, livestream customer acquisition, WhatsApp lead distribution, merchant back-end management and performance advertising workflows.
The forum’s commercial importance is underscored by Malaysia’s shifting vehicle market. Total industry volume reached a record 820,752 units in 2025, the second straight year above 800,000 units, but 2026 sales are expected to soften to around 790,000 units as affordability pressures, higher operating costs and the end of tax exemptions for fully imported EVs weigh on demand.
Electrification remains the clearest growth pocket. Battery electric vehicle registrations more than doubled to 30,848 units in 2025, while combined EV and hybrid sales rose to 69,363 units. Fully imported EVs have been subject to import duty, excise duty and sales tax from January 2026, though locally assembled EV incentives remain in place until the end of 2027.
Proton’s EV assembly plant in Perak has added weight to Malaysia’s ambitions as a regional electric mobility hub. The facility has an initial annual capacity of 20,000 cars, with scope to rise to 45,000 units. Prime Minister Anwar Ibrahim has urged Geely to use the auto hub not only for vehicle production but also as a centre for training and education.
Chinese automakers are also deepening their regional strategies. Xpeng has been in negotiations with EP Manufacturing Bhd to begin EV production in Malaysia in 2026, while BYD has announced plans for an assembly plant in Perak and Leapmotor is preparing local assembly at Stellantis’ plant in Gurun, Kedah. These moves point to Malaysia’s growing role in right-hand-drive markets across ASEAN.
Panel discussions at the forum focused heavily on localisation. Michael Chew of Chery Malaysia said long-term market presence required a full local ecosystem covering manufacturing, supply chains and talent, rather than a reliance on imported vehicles. Oscar Wang of JoyStar Dealer Group described Malaysia as a mature replacement market where trade-in buyers increasingly seek differentiated driving experiences.
Fuel subsidy changes and concerns over petrol costs were cited as factors lifting interest in plug-in hybrids and hybrids. Speakers also said charging infrastructure remained a “chicken-and-egg” issue requiring coordination among automakers, dealers and public authorities.
The second major discussion turned to content and community. Speakers said buyers were responding less to technical claims alone and more to authenticity, ownership experience and creator credibility. Short videos were described as useful for initial discovery, while long-form reviews and offline car communities were seen as stronger tools for building brand loyalty.
Textile exporters have emerged as some of the strongest performers on Dalal Street this year, as investors price in improved access to the US and UK markets for suppliers of garments, towels, bed linen and home furnishings to global retailers including Walmart, Gap and JCPenney.
The rally has been led by export-heavy names such as Gokaldas Exports, KPR Mill, Welspun Living, Trident, Indo Count Industries and Pearl Global Industries, whose earnings prospects have brightened after tariff relief in key overseas markets. The sector has drawn renewed attention at a time when broader equities have faced bouts of volatility linked to global rates, trade uncertainty and uneven consumption trends.
The immediate trigger has been a series of trade developments that have altered expectations for the industry. A trade understanding with the US reduced tariffs on a range of goods, easing pressure on apparel exporters that had been absorbing costs to protect long-standing customer relationships. The India-UK Comprehensive Economic and Trade Agreement, due to take effect on July 15, is expected to remove tariffs of up to 12 per cent on textiles and clothing shipped to Britain.
That change is significant for companies competing against Bangladesh, Vietnam, Cambodia and China in price-sensitive categories. Apparel and home textile exports operate on thin margins, and even a modest tariff difference can influence sourcing decisions by large retailers. Zero-duty access to the UK strengthens the case for shifting more orders to factories with scale, compliance records and established relationships with global buyers.
Gokaldas Exports has become a focal point for the trade. The Bengaluru-based apparel exporter manufactures about 90 million garments a year and earns a large share of revenue from the US, while also serving markets such as Canada, the UK and France. Its customer base includes major retailers, making it one of the more direct beneficiaries of improved tariff conditions. The company’s fiscal 2025 revenue stood at about ₹38.64 billion, and management has indicated scope for margins to move into double digits as the benefit of lower duties flows through.
Welspun Living, one of the world’s largest home textile manufacturers, is another major beneficiary of the shift. Its presence in towels, sheets, rugs and other home products gives it exposure to large-format retail demand in North America and Europe. The company has also invested in traceability, sustainable cotton sourcing and branded offerings, areas increasingly monitored by overseas buyers under stricter compliance and environmental standards.
KPR Mill, with its integrated operations across yarn, fabric, garments and sugar, has attracted investor interest because of its operating scale and relatively strong balance sheet. Pearl Global Industries and Indo Count Industries have also gained attention as investors look beyond the most visible exporters to companies with capacity expansion plans, customer diversification and scope to improve utilisation.
The rally has not been confined to a single trade event. Textile counters moved sharply in February after the US tariff relief, again after clarity on the UK agreement, and then attracted further institutional interest as brokerages initiated coverage on several sector names. Some reports have projected potential upside of more than 40 per cent in select stocks, though the bullish view is not uniform. More conservative calls on parts of the sector reflect concerns over valuations, cotton prices, wage inflation and execution risks.
The optimism also comes after a difficult period. Higher US tariffs had squeezed exporters, forcing some companies to absorb costs or offer discounts. Global retailers delayed shipments in parts of fiscal 2025 as tariff uncertainty disrupted ordering cycles. Demand in discretionary categories such as home textiles has been uneven, especially in the US, where retailers worked through excess inventory after the pandemic-era surge.
That makes the latest rally a test of whether tariff gains can translate into sustained earnings growth. Investors are looking for evidence of higher order books, improved realisations and better plant utilisation over the next two to four quarters. Margin expansion will depend not only on lower duties but also on raw material prices, currency movement, freight costs and the ability of exporters to negotiate better terms with buyers.
The rupee’s movement will also be important. A weaker rupee generally supports exporters, but higher imported input costs can dilute the advantage. Cotton price volatility remains another risk, particularly for companies that cannot pass on cost increases quickly. Compliance spending, labour availability and delivery timelines will influence whether larger buyers shift orders at scale.
Bengaluru-based Mohalla Tech is preparing to raise as much as $400 million through an initial public offering next year, putting the operator of ShareChat, Moj and QuickTV on course for one of the most closely watched consumer internet listings after years of heavy losses, restructuring and valuation pressure.
The company, led by co-founder and chief executive Ankush Sachdeva, is expected to seek public market capital after tightening costs, narrowing operating losses and pushing harder into advertising, live-streaming and subscription-driven entertainment. The proposed listing would test investor appetite for a local-language social media business that has repositioned itself from a high-burn growth platform into a more disciplined digital entertainment group.
Mohalla Tech’s IPO plans come at a point when technology companies are being judged less on user growth alone and more on cash flow, margins and the durability of revenue. ShareChat was valued at about $5 billion during the venture funding boom of 2022, when large investors including Google, Temasek, Lightspeed and Times Group backed the company. Its valuation came under pressure as the start-up funding environment tightened, forcing the firm to raise convertible debt and cut costs.
ShareChat operates as a social network focused on users in non-English language markets, while Moj competes in the short-video segment. QuickTV, a subscription-led micro-drama app, is part of the company’s attempt to build paid entertainment formats alongside advertising-led services. The group is seeking to show that a platform built around regional content can generate more predictable income from a mix of brands, creators and paying users.
The company’s turnaround has been built around a sharp reduction in losses. Its adjusted Ebitda loss for FY25 fell to about ₹219 crore from ₹793 crore a year earlier, helped by lower marketing spend, headcount reductions and tighter control over creator and technology costs. Revenue is expected to rise further in FY26, with management targeting stronger contributions from advertising, live services and short-form drama subscriptions.
Mohalla Tech’s challenge is that scale has not yet translated into the kind of profitability public investors typically demand. Social media and short-video businesses need sustained spending on content moderation, creator incentives, product development and cloud infrastructure. Advertising demand can also shift quickly, especially when large platforms such as Meta, Google and YouTube continue to dominate brand budgets.
The company has sought to distinguish itself by focusing on language diversity and community-led engagement. ShareChat is available across more than 15 languages and has built a large audience outside the metro-focused English internet market. Its Google Play listing shows more than 500 million downloads for the ShareChat app, while Moj has emerged as a major short-video platform after the 2020 ban on TikTok created room for local alternatives.
That opportunity also brought intense competition. Moj, Josh, YouTube Shorts and Instagram Reels all chased the same creator and viewer base, triggering high spending on influencers, content discovery and user acquisition. Mohalla Tech expanded through acquisition, including the purchase of MX TakaTak, but later shifted to consolidation as the funding environment changed and investors pressed for cleaner unit economics.
The company’s management has already gone through a period of transition. Sachdeva remains the public face of the business, while co-founders Bhanu Pratap Singh and Farid Ahsan stepped back from operating roles in 2023. The firm also implemented multiple rounds of layoffs, including deep reductions in 2023, as it moved away from expansion at any cost.
An IPO would give early backers a potential path to liquidity, though the final size, timing and valuation will depend on market conditions, revenue momentum and profitability milestones. A $400 million issue would be significant for a consumer internet company whose fortunes have mirrored the wider cycle in start-up funding: rapid capital inflows, aggressive expansion, a valuation reset and a pivot towards financial discipline.
The listing plan also comes as equity markets have shown selective support for digital businesses that can demonstrate clear paths to profit. Investors have rewarded companies that cut burn and improved governance, while punishing firms with weak disclosure, unclear revenue models or stretched valuations. Mohalla Tech will have to convince public shareholders that its audience base can support sustainable revenue without a return to heavy promotional spending.
Private foreign investment in Saudi Arabia’s private markets reached SR20 billion in 2025, making overseas capital a dominant force in the Kingdom’s fast-expanding private investment landscape as reforms, larger deal pipelines and stronger exit prospects draw more global fund managers to Riyadh. The Saudi Venture Capital Company said foreign inflows accounted for about 60 per cent of total private investments last year, putting the overall market near […]
Arabian Post Staff -Dubai SolitAir has launched its first flight to Sofia, Bulgaria, opening the Dubai-based cargo carrier’s first operational route into Europe and extending its network beyond the Global South as it seeks a larger role in time-sensitive regional freight. The service marks a new phase for the airport-to-airport cargo airline, which is based at Dubai World Central and has built its early network around underserved […]
Aflac Life Insurance Japan has disclosed a major cyber incident affecting about 4.38 million customers, with personal, policy and some banking information exposed after unauthorised access to its customer portal and related systems. The breach, announced on June 30 and updated on July 1, involved systems including Aflac Yorisou Net, a policyholder website used for checking contract details and carrying out account changes. The company said the […]
A Brazil-linked banking trojan has shifted its focus to Spain and Portugal, using fake PDF files, hidden code and location checks to reach banking customers while keeping analysts and automated security tools away from its payload. The malware, known as Ousaban or Javali, has long been associated with attacks on financial users in Brazil. Its latest campaign shows a more selective and evasive operation aimed at Windows […]
A fileless malware framework is abusing Google’s Blogspot platform to deliver PureLog Stealer directly into computer memory, sharpening concerns that trusted web services are being turned into staging grounds for credential theft. The campaign, tracked as Veil#Drop, begins with a JavaScript file disguised as a document, such as “transcript. pdf. js”. Once opened on a Windows system, the file runs through Windows Script Host and launches PowerShell […]
SINGAPORE – Media OutReach Newswire – 2 July 2026 – JustCo Holdings Limited (“JustCo“), a Singapore-grown flexible workspace operator with an extensive Asia Pacific network, announced pay-per-use access via the JustCo App, allowing professionals to find, book, and access hot desks and meeting rooms on demand across its network, without membership or upfront commitment.
JUSTCO APP ENABLES ON-DEMAND BOOKING OF WORKSPACES – NO MONTHLY MEMBERSHIP REQUIRED
Professionals increasingly need reliable workspaces that can be accessed as needed, whether for a few hours, a day, or specific meetings. JustCo App’s pay-per-use access caters to the demand for increased flexibility and short-term access.
New users can simply download the app, create an account, and immediately browse available JustCo workspaces. There are no upfront membership fees, making it ideal for freelancers, business travellers, remote workers, and visiting team members to access JustCo locations when and where they need it.
Users can purchase Hot Desk (Day) passes or make Meeting Room bookings directly in the app. Multiple passes can be purchased and shared with colleagues or partners. This supports common scenarios such as hosting meetings, working between locations, or enabling visiting teammates to use a workspace immediately.
Pay-per-use features are currently available in Australia, Singapore, Thailand, and Malaysia, and will subsequently roll out across other locations.
This builds on JustCo’s broader strategy to integrate workspace discovery, access, and usage into a unified digital platform across markets. The JustCo Store, available on web and powering the app, provides real-time visibility of workspace availability across locations.
Concurrently, since the start of the year, JustCo has successfully opened new locations across Bengaluru, Gurugram, Kuala Lumpur, Manila, Singapore and Taipei, reflecting a steady pipeline growth. Additional openings have also been confirmed across Singapore, Kuala Lumpur, Mumbai, Seoul, Tokyo and Yokohama, providing clear visibility for the second half of the year.
Together, these openings underscore JustCo’s commitment to executing the expansion strategy presented to investors at the time of its IPO and further strengthening its footprint across Asia Pacific’s leading commercial hubs.
Visit the JustCo Store at www.justcoglobal.com to browse available offices and membership plans, with selected spaces available for move-in as early as the next business day. Or download the JustCo App on iOS and Android. Hashtag: #JUSTCO
The issuer is solely responsible for the content of this announcement.
About JustCo Holdings Limited
JustCo is a platform building the future of work across Asia Pacific. Our vision is to be the global benchmark for flexible workspace by creating connected ecosystems where people, businesses and communities can thrive.
Through our portfolio of brands, including The Collective, JustCo and the boring office, we support organisations of all sizes, from startups and SMEs to multinational corporations, with flexible workspace solutions across multiple cities and markets.
Beyond workspace, JustCo helps businesses scale faster through flexibility, operational simplicity and access to a regional network. For landlords, we transform buildings into vibrant business destinations that attract demand, enhance asset performance and create long-term value.
Together with our members, partners and landlords, we are building an ecosystem that connects work, business, learning, wellness and community, enabling people and organisations to grow and succeed.
SINGAPORE – Media OutReach Newswire – 1 July 2026 – Global beauty brand LUX, in collaboration with VML Singapore, has launched #LUXMyWill — an initiative that transforms one of social media’s most talked-about beauty trends into a formal, lasting declaration of personal style.
Over the past year, women across TikTok and Instagram have embraced hashtags such as #BuryMeInThis – a viral expression of ultimate obsession, where users name the look they would want to be remembered in. What began as playful, dramatic content quickly evolved into a cultural signal: a new generation of women declaring that they are not dressing for occasions – they are the occasion.
LUX recognised the deeper meaning behind the trend and partnered with legal experts to give it permanence. #LUXMyWill enables women to turn a fleeting social post into a formally recognised personal style wish – one that can be witnessed, documented and preserved.
The initiative invites women to declare their chosen look on camera and tag someone they trust to honour it. Legal specialists worked alongside the brand to define what gives such a declaration standing, and to create simple, accessible content explaining the process. Selected participants also received a LUX My Will box, designed to preserve their chosen outfit alongside their recorded declaration.
“Beauty has always been a powerful form of self-expression. Today, women are taking that further – not waiting for occasions, but becoming them,” said Judy Zu, Global Brand Director, LUX. “This trend showed us that when a woman chooses how she wants to be remembered, it’s not frivolous – it’s a statement of identity. We wanted to give that statement the recognition it deserves.”
The movement built organically. Creators who had previously posted under #BuryMeInThis revisited their content to make it official, tagging friends who, in turn, created declarations of their own. Each tag became a new participant. Each declaration, a witnessed moment. Each video, a permanent expression of personal style.
Through this chain of participation, #LUXMyWill expanded rapidly – creator by creator, tag by tag – turning individual expressions of glamour into a collective cultural movement.
At its core, #LUXMyWill reinforces LUX’s enduring belief: beauty is not just something you wear for a moment. It is something you embody, define, and leave behind – because you are the occasion.
Hashtag: #LUXMyWill ##BuryMeInThis
The issuer is solely responsible for the content of this announcement.
About LUX
LUX has been celebrating beauty and femininity since 1925. We stand for beauty that does not blend in: bold, sassy and maximalist. We will continue to support efforts that help women express their Main Character Beauty.
About VML
VML is a leading creative company that combines brand experience, customer experience, and commerce, to create connected brands that drive growth. The agency is a leading global marketing and systems integration partner, specializing in creating innovative solutions for business transformation. VML is celebrated for its award-winning work with blue chip client partners including AstraZeneca, Colgate-Palmolive, Dell, Ford, Intel, Microsoft, Nestlé, The Coca-Cola Company, and Wendy’s. The agency is recognized by the Forrester Wave™ Reports, which name WPP a “Leader” in Commerce Services, Global Digital Experience Services, Global Marketing Services and, most recently, Marketing Measurement & Optimization. VML’s global network is powered by 28,000 talented people across 60-plus markets, with principal offices in Kansas City, New York, Detroit, London, São Paulo, Shanghai, Singapore, and Sydney.
ZHONGSHAN, CHINA – Media OutReach Newswire – 1 July 2026 – As 2026 marks the 160th anniversary of the birth of Dr. Sun Yat-sen, the 6th Cross-Strait Sun Yat-sen Forum was held in Zhongshan, Guangdong Province—the hometown of the great pioneer—from June 27 to 29 under the theme “Carrying Forward Dr. Sun Yat-sen’s Spirit of Endeavor and Working Together for the Great Rejuvenation of the Chinese Nation”. This year’s forum was the largest in its history, attracting the broadest participation from Taiwan compatriots and the highest proportion of young participants to date. Around 2,000 representatives from across the Chinese mainland, Taiwan, Hong Kong, and Macao attended the event. Centered on cultural heritage and driven by economic and trade cooperation, the forum established a multi-level platform for cross-strait exchanges and collaboration while fostering broader consensus on integrated cross-strait development.
At the 6th Cross-Strait Sun Yat-sen Forum open ceremony
Distinguished guests from both sides of the Taiwan Strait attended the opening ceremony and noted in their remarks that Dr. Sun Yat-sen is a revered national pioneer shared by compatriots on both sides of the Strait. His vision of rejuvenating China remains a common spiritual legacy, and people across the Strait should carry forward his ideals and work hand in hand toward national rejuvenation. During the opening ceremony, Zhongshan Municipal People’s Government and the Association of Taiwan Investment Enterprises on the Mainland signed the Strategic Framework Agreement on Deepening Zhongshan–Taiwan Economic and Trade Cooperation to Promote Integrated Development, laying a solid institutional foundation for long-term industrial cooperation across the Strait.
A series of cultural exchange activities also took place throughout the forum. Participants enjoyed an evening tour of the century-old Sunwen West Road Arcade Pedestrian Street, immersing themselves in Zhongshan’s rich historical heritage and the vibrant cultural and tourism scene of the Guangdong-Hong Kong-Macao Greater Bay Area. They also visited the Museum of Dr. Sun Yat-sen, where they studied revolutionary historical archives, bowed before Dr. Sun’s bronze statue to pay homage, and gained a deeper appreciation of his enduring ideals of “All Under Heaven Belong to the People” and “Revitalize China”. Many participants remarked that these activities provided an excellent platform for sustained exchanges among young people across the Strait and that their shared cultural roots and common heritage form a solid foundation for advancing cross-strait spiritual integration.
To further strengthen cross-strait economic cooperation and advance industrial integration between Shenzhen and Zhongshan, the forum also featured the “Taiwan Businesses Gather in Zhongshan, Industries Glow in the Greater Bay Area” 2026 Guangdong-Taiwan Economic and Trade Exchange Conference and Investment Promotion Event Celebrating the Second Anniversary of the Shenzhen-Zhongshan Link. A total of 19 industrial projects were signed during the event. The first group comprised seven Taiwan-invested projects spanning semiconductor supporting industries, electronic components, smart home products, high-end fitness equipment, and medical devices. The second and third groups included 12 Shenzhen-Zhongshan collaborative projects covering new energy vehicle components, industrial robotics, memory chip packaging, advanced specialty materials, and integrated cultural, tourism, and commercial developments.
During the investment promotion event, Taiwan business representatives spoke highly of Zhongshan’s business environment. Zhang Congyuan, Chairman of Huali Industrial Group, which has operated in Zhongshan for more than two decades, praised the city’s enterprise service philosophy of “staying out of businesses’ way when everything runs smoothly while providing prompt support whenever needed”. He noted that this business-friendly environment has helped the company grow into one of the world’s leading manufacturers of athletic footwear.
Guo Wenhai, secretary of the CPC Zhongshan Municipal Committee, extended a sincere invitation to Taiwan businesses and entrepreneurs to invest and establish operations in Zhongshan. He emphasized that the city offers not only strong industrial infrastructure but also high-quality government services. Zhongshan will continue to provide proactive, efficient, and dedicated support for businesses while continuously improving both its hard and soft investment environment. Leveraging the opportunities created by the Shenzhen-Zhongshan Link, the city aims to create broader prospects for cooperation and shared growth for enterprises from both sides of the Taiwan Strait.
Participants and Taiwan business representatives agreed that, taking the 160th anniversary of Dr. Sun Yat-sen’s birth as an important milestone, this year’s forum created new channels for both cultural exchanges and industrial cooperation across the Strait. Looking ahead, Zhongshan will continue to organize regular initiatives, including entrepreneurship support programs for young people from Taiwan, youth exchange activities, and Guangdong-Taiwan industrial matchmaking events. By carrying forward Dr. Sun Yat-sen’s spirit, embracing the opportunities of the Greater Bay Area, and strengthening both economic cooperation and people-to-people ties, the city will continue to contribute to a new chapter of integrated cross-strait development.
By K Raveendran The arithmetic of India’s fuel market has long been sold as market-driven, but the latest price movements expose a more selective discipline. When crude oil rises, the pass-through to consumers and businesses is quick, stern and explained as unavoidable. When the same crude oil retreats, the adjustment becomes cautious, partial and wrapped […]
Investors heading into the second half of 2026 face an uncomfortable reality: the global economy is changing faster than many portfolios are adapting to it. The forces reshaping markets today are structural. AI is triggering one of the largest capital investment booms in modern history. Digital assets have crossed into mainstream finance. Meanwhile, geopolitical conflict, sovereign debt and valuation risk continue to create significant uncertainty. As the […]
Kuwait has opened a $4.25 billion three-year term loan to a wider group of lenders, using the Kuwait Investment Authority as borrower on behalf of the Ministry of Finance in a transaction that underlines the Gulf state’s broader return to international financing markets. The facility has moved into general syndication after a group of major international banks was appointed to lead the deal. Mizuho Bank, HSBC, Standard […]
ZURICH, SWITZERLAND – Media OutReach Newswire – 1 July 2026 – An iconic Swiss chocolate brand meets one of the world’s most celebrated names in crystal artistry to bring ‘Never Square’ to life. Creating something unexpected, something beautiful, and something that gives back: Toblerone today announces The Ultimate Gift.
The Making of – Toblerone Crystal Bar crafted by Swarovski
The centrepiece is the Toblerone Crystal Bar crafted by Swarovski: an exceptionally rare series of hand-made crystal replicas of the original Toblerone chocolate bar – the gift many associate with travel. Familiar in form. Remarkable in execution. Individually numbered, certified, and utterly one-of-a-kind.
The Ultimate Gift: A Global Auction for Good
From 1st July to 31st July 2026, travellers passing through some of the world’s most iconic airports (Athens, Delhi, Doha, Dubai, Frankfurt, Madrid, New York JFK, Singapore and Zurich) will encounter a mesmerising pop-up experience celebrating both brands and, above all, will have the chance to bid in person on the Toblerone Crystal Bar crafted by Swarovski.
Toblerone Crystal Bar crafted by Swarovski
Each auction is linked to the airport’s own established charity partner – organisations already embedded in their local communities and chosen by the airports themselves. 100% of winning bids will be donated to the designated charity at each location.
However, the auction is open to everyone globally. No need to be travelling to take part. Bidding is available online (terms and conditions apply), click here to visit the auction site and here for more information on the charities.
Toblerone Crystal Bar crafted by Swarovski unveiled in the Crystal Dome at Swarovski Kristallwelten
The Story Behind the Crystal Bar
Toblerone was born in Switzerland in 1908. Its triangular shape has made it one of the most recognised silhouettes in the world. For generations of travellers, it has been the gift you bring home: a small but indulgent, reliable piece of Switzerland.
To bring the Toblerone Crystal Bar to life, Toblerone turned to Swarovski. Swarovski delivers a diverse portfolio of unmatched quality, craftsmanship, and creativity. Founded in 1895 in Austria, the company designs, manufactures and markets high-quality crystals and created stones as well as finished products such as jewelry.
The two share more than Alpine geography. They share a belief that quality is not a detail but it is the point. That the things worth making are worth making properly. And that some of the most enduring objects in the world are the ones that manage to be both beautiful and, somehow, completely unpretentious about it.
The result is the Toblerone Crystal Bar crafted by Swarovski: Toblerone’s unmistakable triangular form, unapologetically rich on the inside, reimagined as a luxury artefact through Swarovski’s crystal craftsmanship.
Iain Livingston, President Toblerone & World Travel Retail, says: “Toblerone has always been more than a chocolate bar. It’s a ritual, a symbol of travel, and one of the world’s most recognised gifts. Creating the Toblerone Crystal Bar crafted by Swarovski feels like a natural expression of who we are: a brand that takes quality seriously but never takes itself too seriously. The Ultimate Gift is exactly that and will raise funds to support brilliant causes that help make the world a better place.”
The Craft Behind the Crystal
Each Toblerone Crystal Bar crafted by Swarovski is exclusively designed and developed using Swarovski’s rich savoir-faire:
Modelled on the original Toblerone chocolate bar & manufactured in Austria
Each weighs 851g and measures 305mm in length
546 individually cut facets per bar
140 hours of development and 65 hours of production – 100% handmade
Crafted with high-precision cutting technology, characterised by unmatched brilliance
The Ultimate Gift Box: Available to All
For those who prefer to take something home immediately, Toblerone is also launching a limited-edition Ultimate Gift Box adorned with Swarovski crystals, available exclusively in World Travel Retail throughout the campaign period across airports globally.
Inside: a Milk Toblerone bar.
Crystals on the outside. Unapologetically rich on the inside. The answer, as ever, to the question every traveller eventually asks themselves at the airport: “Where is my Toblerone?”
The issuer is solely responsible for the content of this announcement.
About Toblerone
In 1908, Theodor Tobler and Emil Baumann invented a unique chocolate: Toblerone. “Toblerone” is a portmanteau of “Tobler” and “Torrone,” the Italian term for honey-almond nougat. Its distinctive triangular shape has been recognised around the world ever since. Today, production remains based in Bern Brünnen, where employees work with great passion every day — producing up to 4 million Toblerone products daily, with around 90 percent of all Toblerone sold worldwide manufactured right there in Bern.
Toblerone has never been square. Not in shape. Not in spirit. And not in ambition. Never Square is the belief that the best things in life refuse to conform — and that the most interesting gifts are rarely the obvious ones.
About Swarovski
Masters of Light Since 1895.
Swarovski creates beautiful products of impeccable quality and craftsmanship, celebrating joyful extravagance and self-expression.
Founded in 1895 in Austria by Daniel Swarovski, Swarovski creates the world’s finest crystals, Swarovski Created Diamonds, Swarovski Crystal Pearls and Swarovski Zirconia, jewelry, and accessories, as well as home décor and crystals for the automotive industry.
Swarovski Crystal Business operates in more than 140 countries worldwide, with 2,200 boutiques complemented by a network of selected multibrand partners and employs approximately 18,300 people globally. Together with its sister companies, Swarovski Optik and Tyrolit, it forms the Swarovski Group. Rooted in the company’s heritage, Swarovski strives to make a positive impact on people, society, and the planet. Today, sustainability measures are implemented throughout the value chain, with a focus on circular innovation, championing diversity and inclusion, and encouraging self-expression. This includes the philanthropic work of the Swarovski Foundation, which supports charitable organizations bringing positive environmental and social impact.
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Arabian Post Staff -Dubai US negotiators Jared Kushner and Steve Witkoff held what Washington described as positive discussions with regional leaders in Qatar, while technical contacts with Iran moved ahead through mediators as both sides sought to preserve a fragile ceasefire and turn a temporary truce into a wider settlement. The Doha meetings form part of an indirect negotiating track designed to reduce the risk of renewed […]
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