Category: Asia Pacific Region

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Seoul Restaurant San Named One To Watch By Asia’s 50 Best Restaurants 2026

Source: Media Outreach

The new French-influenced, modern Korean fine-dining spot in Gangnam demonstrates exceptional culinary talent and potential for future glory

HONG KONG SAR – Media OutReach Newswire – 12 March 2026 – Restaurant San, Seoul’s most outstanding new fine-dining restaurant, has been named the winner of the One To Watch Award 2026 by Asia’s 50 Best Restaurants, sponsored by S.Pellegrino and Acqua Panna. The award singles out a restaurant which has recently started making a big impact and has the potential to secure a spot in the Asia’s 50 Best Restaurants list in the coming years.

San’s nomination comes just over a year since opening in 2024 to widespread admiration in the South Korean capital. Located in the fashionable Gangnam district, San is acclaimed for its refined, French-influenced, modern Korean tasting menu conceived by chef Jo Seung-Hyun.

Chef Jo brings exceptional credentials to the venture, having honed his culinary skills at three distinguished restaurants – starting under the tutelage of Thomas Keller at The French Laundry in Napa Valley and La Maison Troisgros in France, before going on to helm the kitchen at Korean-American celebrity chef Corey Lee’s fine-dining restaurant Benu in San Francisco. After eight years as chef de cuisine at Benu, he finally returned home to Seoul to realise his dream of opening San. The sophisticated tasting menu explores a vibrant range of seasonal dishes presenting his creative interpretation of classical French cuisine with a Korean twist.

A spokesperson for Asia’s 50 Best Restaurants says: “San has quickly become one of the most talked-about fine-dining restaurants in Seoul. With richly deserved recognition as the winner of One To Watch Award, the team is raising the bar for culinary excellence, complexity and respect for national tradition – following an inspiring trend of innovative restaurants to emerge from the capital in recent years.”

On winning the One To Watch Award 2026, Chef Jo says, “I’m incredibly grateful and honoured for San to receive the One To Watch Award. San is still a young restaurant and to be recognised in this way so soon after opening means a great deal to us. Thank you to Asia’s 50 Best Restaurants for this encouragement.”

Showcasing Korean flavours through refined technique, Chef Jo’s cuisine focuses on familiar dishes reimagined with depth and precision. Signature creations include a prawn dish paired with a shrimp-gochujang crafted from a deeply concentrated broth extracted from shrimp heads, delivering intense umami, and a reinterpretation of ojingeo sukhoe, a classic Korean poached squid, using delicately prepared spear squid accompanied by squid-ink chojang. Drawing from his childhood memories growing up in Busan, Chef Jo also presents a refined interpretation of dwaeji-gukbap, traditionally enjoyed with salted shrimp but finished with caviar, offering a sense of familiarity while introducing an unexpected modern expression of Korean cuisine.

Beyond these innovations, signature dishes paying homage to iconic tradition include chamoe dongchimi, a water kimchi twist on Korea’s national dish. The wine pairing, led by Ju Jaemin, meanwhile enhances the dining experience at San. Guests can choose between a five or eight-glass pairing, with each wine meticulously selected to complement the multi-layered dishes.

San is the first restaurant from Seoul to win the award since 2017. Recent winners include Farmlore in Bengaluru (2025), a celebration of hyper‑local Indian ingredients; Lamdre in Beijing (2024), a sustainability focused restaurant inspired by Tibetan philosophy; and August in Jakarta (2023), which reinterprets Indonesian flavours through modern fine‑dining techniques.

The One To Watch Award is the final of three pre-announced awards ahead of the Asia’s 50 Best Restaurants 2026 awards ceremony, which will announce the region’s premier restaurants. The ceremony is being held for the first time in Hong Kong at the Kerry Hotel on 25 March 2026. The awards ceremony will also be streamed live on the 50 Best YouTube channel via the link here, beginning at 20:00 Hong Kong time.

50 Best works with professional services consultancy Deloitte as its official independent adjudication partner to help protect the integrity and authenticity of the voting process and the resulting list of Asia’s 50 Best Restaurants 2026. See more details on Asia’s 50 Best Restaurants voting process here.

How the voting works

The list is compiled by votes from the Asia’s 50 Best Restaurants Academy, an influential group of more than 350 leaders in the restaurant industry across Asia, each selected for their expert opinion of Asia’s restaurant scene. The Academy is divided into seven regions: India & Subcontinent; South-East Asia – South; South-East Asia – North; Hong Kong, Taiwan & Macau; Mainland China; Korea; and Japan. Each voter casts ten votes based on their best restaurant experiences of the previous 18 months, with at least four of these from outside their home country/SAR. Voters are required to remain anonymous and voting is confidential, secure and independently adjudicated by professional services consultancy Deloitte.

About the host destination partner: Hong Kong Tourism Board

The Hong Kong Tourism Board (HKTB) is a government-subvented body tasked with maximizing the contribution of tourism to Hong Kong’s economy and upholding Hong Kong as a world-class travel destination. The HKTB works in partnership with relevant government departments and organisations, the travel-related sectors, and other entities related to tourism, to market and promote Hong Kong worldwide, while enhancing visitors’ experiences through providing diverse and high-quality tourism products and services. The HKTB has a worldwide network of 15 offices and has representatives in seven different markets.

About the main partner: S.Pellegrino & Acqua Panna

S.Pellegrino & Acqua Panna are the main sponsors of Asia’s 50 Best Restaurants. S.Pellegrino & Acqua Panna are the leading natural mineral waters in the fine dining world. Together they interpret Italian style worldwide as a synthesis of excellence, pleasure and well-being.

Our Partners:

  • Hong Kong Tourism Board – Official Host Destination Partner
  • S.Pellegrino & Acqua Panna – Main Partner & Official Water Partner; sponsor of The Best Restaurant in Asia
  • Inedit Damm – Official Beer Partner; sponsor of the Inedit Damm Chefs’ Choice Award
  • SevenRooms – Official Booking Platform Partner; sponsor of the SevenRooms Icon Award
  • Doordash – Official Delivery Partner
  • Aspire Lifestyles – Official Concierge Partner
  • Lee Kum Kee – Official Sauces & Condiments Partner; sponsor of Highest Climber Award
  • Valrhona – Official Chocolate Partner; sponsor of Asia’s Best Pastry Chef Award
  • Vik – Official Wine Partner; sponsor of Asia’s Best Sommelier Award
  • Nongshim Shinramyun – Official Partner; sponsor of The Best Restaurant in South Korea
  • Maison Kaviari – Official Caviar Partner
  • Dassai – Official Sake Partner
  • Langjiu – Official Baijiu Partner
  • Woodford Reserve – Official American Whiskey Partner
  • Cinco Jotas – Official Iberico Ham Partner
  • Kerry Hotel, Hong Kong – Official Hotel Venue Partner
  • The Murray, Hong Kong, a Niccolo Hotel – Official Hotel Venue Partner
  • Grand Hyatt Hong Kong – Official Hotel Venue Partner
  • The Peninsula Hong Kong – Official Hotel Venue Partner
  • Pier 1929 – Official Venue Partner

https://www.theworlds50best.com/asia/en/
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https://www.facebook.com/Asias50BestRestaurants
https://www.instagram.com/theworlds50best/?hl=en
https://bit.ly/50BestYouTubePR

Hashtag: #Asia’s50BestRestaurants

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/seoul-restaurant-san-named-one-to-watch-by-asias-50-best-restaurants-2026/

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HKFYG presents Hong Kong International a cappella Festival 2026: Voices Unbound

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 12 March 2026 – This March, voices from around the world enthral the city with the return of the Hong Kong International a cappella Festival 2026. A celebration of vocal virtuosity and a confluence of global artistry, the annual flagship event of The Hong Kong Federation of Youth Groups (HKFYG) will take the theme of “Voices Unbound” this year.

Over 20 local and international vocal bands will take audiences on a journey across musical worlds at HKFYG’s Hong Kong International a cappella Festival 2026.

Taking place from 21 to 29 March, more than 20 local and international vocal bands will transform the city into a living soundscape, one where creativity and expression transcend borders. Across nine days, over a dozen stage performances and community showcases will invite audiences on a world-class journey of pure vocal harmony.

As Hong Kong’s only and most celebrated a cappella event, the Festival has brought together globally renowned and locally acclaimed talent since its inception in 2008. Every year, the vocal bands fill the city with rhythms and harmonies of a cappella, from stages to streets.

Spotlight Programmes – Uniting World-class Talents

On Friday 27 March, the highlight of the Festival, the International a cappella Extravaganza, will take centre stage at the Queen Elizabeth Stadium. Featuring the jazz-folk of Spectrum Vocal Band from Bulgaria, the folk and R&B of City Singers from Xiamen and the collegiate vivacity of Pitch, Please! from the United States, the event promises a sonic splendour. These headliners will be joined by Hong Kong’s award-winning Saliva Music, known for their EDM style, and rising young stars, Little by Little Kids, loved for their creative flair. Tickets are now on sale on urbtix.hk and at all URBTIX outlets.

On Sunday 22 March, the a cappella Gala will unfold at the Hong Kong Cultural Centre Piazza, where audiences can revel in grand performances against the dusk-lit backdrop of Victoria Harbour. On Saturday 28 March, the International a cappella Marathon will take audiences on a four-hour soul-stirring journey at apm, Kwun Tong. Both events are free and open to the public.

Community Resonance – From Streets to Campus

The Festival offers a citywide immersive experience that extends beyond halls and stages. The a cappella Prologue at the Mall and the a cappella Resonance at the Mall will bring a cappella music to the community, treating shoppers and visitors to unexpected musical encounters. The two events will be held at apm, Kwun Tong on Saturday 21 March and wwwtc mall, Causeway Bay on Sunday 29 March, respectively.

From Monday 23 to Thursday 26 March, a cappella On The GO will reel around Hong Kong, taking vocal bands to streets and schools across the city for spontaneous performances. On campuses, performers will engage with students, sharing their love of a cappella, the joy of music-making and the art of vocal mastery. Through interaction and exchange, the series hopes to ignite a passion for a cappella music among the younger generation.

For full programme details, visit the HKFYG Cultural Services Unit website at csu.hkfyg.org.hk.

Hashtag: #ACappella #HKFYG #無伴奏合唱

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/hkfyg-presents-hong-kong-international-a-cappella-festival-2026-voices-unbound/

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The Art Basel and UBS Global Art Market Report 2026: Global art sales rose 4% to USD 59.6 billion in 2025

Source: Media Outreach

The global art market returned to growth in 2025, led by renewed confidence at the high end, with dealer sales up 2% year‑on‑year and public auction sales rising 9% by value.

HONG KONG SAR – Media OutReach Newswire – 12 March 2026 – The Art Basel and UBS Global Art Market Report 2026, authored by Dr. Clare McAndrew, Founder of Arts Economics, provides a comprehensive benchmark analysis of the global art market in 2025. Co‑published by Art Basel and UBS, the tenth edition of the report examines the performance of key market segments, including galleries and dealers, auction houses, and art fairs, against the backdrop of shifting economic conditions, evolving buyer behavior, and changes in global wealth. The publication is the most comprehensive data-driven overview of the forces shaping today’s art market.

Clare McAndrew, Founder, Arts Economics, said: “The market welcomed a shift in direction in 2025, from the contraction of previous years to modest growth. However, it continued to operate in a volatile geopolitical environment, particularly regarding cross-border trade, the full implications of which are still unfolding in 2026. While some categories of art were relatively insulated from the direct effects of tariffs, broader policy uncertainty and trade fragmentation created challenges for businesses, affecting pricing and supply. A wider shift toward protectionism and more domestically focused sales also poses longer-term risks, as the art trade relies heavily on international circulation and access to global audiences. Early indicators suggest cross-border trade in art remained broadly stable in 2025, but how these flows evolve will be critical to the market’s future growth.“

Adrian Zuercher, Co‑Head Global Asset Allocation and Co‑Head Global Investment Management APAC, UBS Global Wealth Management CIO, said: “The Art Basel and UBS Global Art Market Report 2026 highlights a nuanced picture across Asia Pacific. China maintained its position as one of the world’s leading art markets while Hong Kong continues to play a central role in the Asia art ecosystem with several high‑value sales and early signs of macroeconomic stabilization this year. Singapore sustained its trajectory as a growing regional hub. Against a backdrop of moderating inflation and improving regional fundamentals, these dynamics reinforce Asia Pacific’s growing importance on the global art market stage.”

Noah Horowitz, CEO, Art Basel, said: “2025 marked a return to growth for the art business and a strategic inflection point in its continued evolution. Over the year, dealers refined their programs and client engagement strategies with clear intentionality, while art fair-related sales strengthened. Although elevated costs, geopolitical uncertainty, and tariff concerns are still affecting business, buyer confidence improved as the year progressed and the year closed with a succession of dynamic sales moments. As the market recalibrates within a more disciplined range, sustained growth will depend on bringing exceptional works to market, deepening client relationships, and broadening participation across the global ecosystem – priorities that are guiding our focus in 2026.”

The key findings include:

  • Global sales: The global art market returned to growth in 2025, with sales increasing by 4% year-on-year to an estimated USD 59.6 billion. Aggregate sales in the dealer sector rose to USD 34.8 billion (up 2%) and public auction sales increased to USD 20.7 billion (up 9%), while reported auction house private sales declined to just under USD 4.2 billion (down 4%). The volume of transactions reached an estimated 41.5 million in 2025 (up 2%).
  • Leading art markets: The United States, the United Kingdom, and China accounted for 76% of global art sales by value, in line with last year. The US remained the largest market with a 44% share, followed by the UK at 18% and China at 14%. France increased its global share by one percentage point to 8%, consolidating its position as the fourth‑largest market and the largest within the EU.
  • Mixed regional market performance:
    • Sales in the United States reached USD 26 billion (up 5% year-on-year), with a strong rebound at the high-end of the auction market and despite trade unpredictability.
    • UK sales increased to USD 10.5 billion (up 2% year-on-year), driven by growth in public auctions.
    • In China, sales increased to USD 8.5 billion (up just over 1% year-on-year). The market stabilized despite the real estate downturn and other economic concerns that weighed on consumer confidence.
    • France saw sales rising to USD 4.5 billion (up 9% year-on-year), driven by strong performance in both the auction and dealer sectors. That performance lifted the market above its 2019 level.
    • Across Europe and Asia, performance year-on-year was mixed, with growth in markets such as Switzerland (up 13%), Austria (up 13%), Spain (up 6%), and South Korea (up 6%), and slower conditions in Germany (down 10%), Italy (down 2%), and Japan (down 1%).
  • Dealer market recovery: Global dealer sales reached USD 34.8 billion (up 2% year-on-year). While 42% of dealers reported higher sales, rising operating costs (up an average5%) continued to weigh on profitability. Lower‑end dealers (turning over less than USD 500,000) recorded the strongest growth, while sales among mid‑market dealers (turnover between USD 1 million and USD 10 million) softened slightly. At the top end, dealers with turnover above USD 10 million returned to growth.
  • Dealer resilience and business longevity: A review of published gallery activity based on media announcements showed despite high‑profile gallery closures in 2025, there was no evidence that closures outpaced openings overall. Gallery launches represented 42% of reported activity, compared with 25% closures, underscoring continued adaptation and resilience within the dealer sector.
  • Gender representation: Female artist representation strengthened further in 2025, reaching 50% of total artists among primary market galleries and 45% across all dealers. Works by female artists accounted for 37% of sales by value (up from 28% in 2018), although disparities persist at the highest revenue levels.
  • Growing importance of art fairs: Art fair sales increased to 35% of dealer turnover (up 4% year-on-year), their highest level since 2022. Overseas fairs accounted for the majority of sales, though growth was recorded at both international and local events, particularly among mid‑sized dealers.
  • Auction market dynamics: Combined public and private auction sales reached USD 24.8 billion. Public auction sales increased to USD 20.7 billion (up 9% year-on-year), driven by the ultra-high‑end sales above USD 10 million (up 30%) and record prices in the second half of the year, while private sales declined to just under USD 4.2 billion (down 5%).
  • Online sales moderation: Online art sales declined to USD 9.2 billion (down 11% year-on-year), their lowest level since 2019, as high‑value transactions shifted back to in‑person channels. Online‑only sales accounted for 15% of total market value, down 3% in share year-on-year, remaining an important channel for engaging new buyers.
  • Improving outlook: Confidence strengthened heading into 2026, with 43% of dealers expecting sales to improve and 38% anticipating stable performance. Sentiment also improved among mid-tier auction houses, reflecting greater optimism despite ongoing economic and geopolitical uncertainty.

Links
The full report is free to download at ubs.com/artmarket.
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The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/the-art-basel-and-ubs-global-art-market-report-2026-global-art-sales-rose-4-to-usd-59-6-billion-in-2025/

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The British Council announces new support for Southeast Asian artisan communities with a 48,000 GBP in funding across the region

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 March 2026 – The British Council has announced a new phase of support for craft artisans and creative entrepreneurs across Southeast Asia, launching a train-the-trainer programme to support the strengthening local creative economies in Indonesia, Malaysia, Myanmar, the Philippines, Thailand, and Viet Nam.

Participants take part in a British Council Craft Toolkit training session, designed to equip local trainers with practical business skills to support artisan communities and strengthen sustainable creative livelihoods across Southeast Asia, including Malaysia.

The series of online ‘Craft Toolkit’ trainer programmes were held in early 2026, focused on delivering practical business and skills training to artisan communities. This training was held online and in person with the aim to enhance the sustainability of their practice by teaching business skills.

In new funding support announced, 48,000 GBP will be provided to the Southeast Asian artisan communities to deliver Craft Toolkit training to more artisans across the region. This funding is looking to create lasting local impact in the region to build skills.

Craft Toolkit in Action

Originally developed by the British Council in collaboration with Applied Arts Scotland, the Craft Toolkit is a digital learning platform designed to help craft artisans and entrepreneurs build sustainable businesses. The Toolkit includes five modules covering business planning, product development, sales and marketing, financial management, and sustainability, alongside downloadable resources and train-the-trainer materials.

Between 2019 and 2022, Craft Toolkit training reached artisans in 22 countries worldwide and is available in 12 languages. Ninety-three per cent of participants said the programme helped them find new inspiration, while more than a third reported direct changes in how they design and develop craft products—leading to improved incomes, stronger leadership, and more resilient craft businesses.

Manami Yuasa, Regional Arts Director, East Asia, British Council, said:
 “Across Southeast Asia, craft is both a vital source of livelihood and a powerful expression of cultural identity. By investing in local trainers and providing access to practical, digital learning through the Craft Toolkit, we are supporting artisan communities to strengthen their businesses, preserve their cultural heritage, and build more sustainable futures. This programme is about long-term impact—ensuring skills and knowledge remain rooted in the communities that need them most.”

Training in Southeast Asia

In January and February, the British Council delivered a five-week online train-the-trainer programme. The trainers were selected through British Council partner organisations and craft networks. The trainees who are part of the local craft communities, are committed to delivering Craft Toolkit training within their networks over the following 12 months.

Training was conducted in English, with simultaneous interpretation available in Thai, Vietnamese, Burmese, and Bahasa Indonesia.

The Craft Toolkit modules are currently available in English, Thai, Indonesian, and Malaysian.

By investing in local trainers and digital learning, the British Council aims to support skills development, preserve cultural heritage, empower under-represented communities, and strengthen the creative industries across Southeast Asia.

https://www.britishcouncil.org
https://www.linkedin.com/company/british-council/
https://www.facebook.com/BritishCouncilMalaysia
https://www.instagram.com/my_british/

Hashtag: #BritishCouncil #Malaysia #CraftToolkit #CreativeEconomy #CulturalHeritage #SoutheastAsia

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– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/the-british-council-announces-new-support-for-southeast-asian-artisan-communities-with-a-48000-gbp-in-funding-across-the-region/

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Daikin’s new head office building in Vietnam conceptualized and designed by Nikken Sekkei, has achieved the world’s first three Platinum certifications for environmental and health standards

Source: Media Outreach

Achieving the highest rating for LEED, WELL, and LOTUS; Bringing into society architecture that integrates environmental performance and human wellbeing in response to Vietnam’s growing air quality consciousness

HCMC, VIETNAM – Media OutReach Newswire – 12 March 2026 – Nikken Sekkei Ltd announces that Daikin Air Tower, Daikin’s new head office building in Ho Chi Minh City, Vietnam conceptualized and designed by Nikken Sekkei, achieved the highest Platinum rating for LEED, the global environmental certification, and WELL, the global health certification, as well as LOTUS, Vietnam’s national environmental certification. This is the world’s first building to attain Platinum across all three certification systems.

Daikin Air Tower, Daikin’s new head office building in Vietnam (Photo provided by Shimizu Corporation)

As Ho Chi Minh City undergoes rapid economic growth, awareness is rising around air quality challenges driven by particulate matter (PM) including PM2.5 generated by increasing traffic and construction projects. In such a situation, protecting the health of people working in urban areas and delivering a safe, comfortable indoor environment has become one of the most critical themes in architectural design in Vietnam.

To address these challenges, this project has achieved the goal of “responding to Vietnam’s air quality with Daikin’s technology.” Adopting Daikin’s advanced air conditioning technology throughout the building, the project achieves both enhanced indoor quality and significant energy savings, realized through purposeful architectural approaches such as heat-insulating glass facades and reuse of rainwater, as well as naturally lit workspaces and clean indoor air systems. The building also incorporates a real-time monitoring system for tracking both energy consumption and indoor environmental quality. By pursuing a sustainable and comfortable office environment through both hardware and software solutions, the project achieved the highest Platinum rating across three certifications: LEED (v4 BD+C – Building Design and Construction), an international environmental certification for buildings and cities; WELL (v2 pilot), an international certification focused on human health and wellbeing; and LOTUS (New Construction v3), an environmental certification by the Vietnam Green Building Council.

For details, please visit:
https://www.nikken.jp/en/news/press_release/2026_03_12.html

Hashtag: #NikkenSekkei

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/daikins-new-head-office-building-in-vietnam-conceptualized-and-designed-by-nikken-sekkei-has-achieved-the-worlds-first-three-platinum-certifications-for-environmental-and-health-sta/

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Peak Energy adds 10MW of operating solar capacity amid growing Singapore demand for greener and more stable energy

Source: Media Outreach

Following Singapore’s upgraded 2030 solar target, the multi-million acquisition boosts capacity for corporates seeking fixed-price locally-sourced renewable energy, strengthenening Peak Energy as one of the leading C&I rooftop solar platforms in the region.

SINGAPORE – Media OutReach Newswire – 12 March 2026 – Peak Energy has acquired a nearly 10MW portfolio in Singapore from Maiora Renewable Energy Pte Ltd.

Boon Lay Street Solar Rooftop

This improves Singapore’s energy security – increasing the locally-generated power capacity in an uncertain geopolitical environment. The acquisition also expands Peak Energy’s ability to provide immediate renewable energy to leading regional corporates looking to cut costs and carbon as fossil fuel prices spike.

With utility-scale renewable energy not a realistic option in Singapore’s land-constrained environment, corporate decarbonization demand increasingly relies on distributed generation. Delivering meaningful volumes to large buyers therefore depends on the ability to aggregate volumes and offer standardised contracting and performance reporting.

“Singapore’s rooftop market still has headroom to meet the country’s 2030 solar ambition. Turning that potential into capacity corporates can rely on requires a strong operating platform and financial strength, not development alone,” said Gavin Adda, CEO of Peak Energy. “With Stonepeak’s backing, we combine operating assets with newly developed ones to offer corporates off-site PPAs on consistent terms, from a bankable counterparty, thereby supporting the city-state’s dynamic industry in the long term” he continued.

“Singapore has been an important market for Maiora for more than a decade and continues to serve as a strategic hub for our regional activities. As we expand our renewable energy platform across Asia, we are focusing our development efforts in Taiwan and the Philippines, where we see the strongest potential to significantly grow a high-quality portfolio at scale” said Marzio Keiling, Managing Partner, Maiora Renewable Energy. “When transitioning our Singapore assets, it was essential to identify a platform with the financial strength and long‑term commitment to steward and grow them.
In Peak Energy, we found the ideal partner.”

What the acquisition enables for corporate buyers

The acquisition increases the volume of operating domestic rooftop capacity that Peak Energy can aggregate for Singapore-based corporate and industrial buyers.

Peak Energy is currently in advanced discussions with Singapore-based industrial and commercial players on long-term virtual power purchase agreements (VPPAs) for locally sourced renewable energy, providing a strong basis for price stability for Singaporean corporates.

Why corporates are prioritizing domestic renewables

Corporate renewable procurement in Singapore is being shaped by a range of factors. Among the most significant is geopolitical uncertainty, which plays a crucial role due to Singapore’s continued reliance on imported fossil fuels, especially LNG. This dependence exposes large energy consumers to fluctuations in power prices, complicating efforts to secure stable, long-term energy supply.

Cross-border low-carbon electricity imports remain strategically important, but they stem from complex multi-jurisdiction infrastructure projects. Many are still progressing through Conditional Approvals, Conditional Licences and other regulatory processes in different countries. While supply is expected to ramp up over time, corporate buyers are increasingly factoring in the risk that the imported electricity may not be priced at the low levels many had hoped for.

In parallel, proposed changes to the GHG Protocol Scope 2 Guidance, while still in technical consultation, could potentially require renewable energy certificates (RECs) to be matched to the same grid location as electricity consumption, thereby reducing the validity of certificates sourced from external countries.

In this context, many corporates are prioritising local renewable energy procurement options.

“When Scope 2 Guidance starts asking ‘when and where was the clean power actually delivered?’, leading corporates in Singapore will naturally gravitate to solutions they can defend. Imports are part of the long-term picture, but domestic operating capacity is what you can contract against now” Gavin Adda added.

Peak Energy’s domestic portfolios and long-term procurement offerings provide a simple, immediate and scalable solution for companies that want to purchase large quantities of affordable, low-carbon electricity with clear delivery timelines.

https://www.peakenergy.asia
https://www.linkedin.com/company/peak-energyasia

Hashtag: #EnergyTransition #RenewableEnergy #SolarEnergy #CleanPower #SingaporeEnergy #Singapore #ASEANEnergy #AsiaEnergy

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/peak-energy-adds-10mw-of-operating-solar-capacity-amid-growing-singapore-demand-for-greener-and-more-stable-energy/

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Binastra Land Marks Two Decades of Excellence and Recognition in Malaysia’s Property Industry

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 March 2026 – Binastra Land, a multi-award-winning property developer with more than 20 years of experience in property development since 2005, continues to strengthen its position as a trusted name in Malaysia’s real estate landscape.

CyberSquare @ Cyberjaya developed by Binastra Land

With over RM4.5 billion worth of completed projects to date, internationally recognised ISO certifications, and a portfolio of landmark developments across the Klang Valley, the company stands as a benchmark for quality, innovation, and sustainable growth.

Two Decades of Proven Expertise

Founded with a vision to redefine modern urban living, Binastra Land has consistently delivered developments that combine functionality, aesthetic appeal, and long-term value.

Over the past two decades, the company has navigated market cycles, evolving consumer demands, and industry challenges while maintaining a steady track record of successful project completions.

Its experience since 2005 reflects not only longevity but resilience and adaptability. From residential communities to integrated mixed-use developments, Binastra Land has demonstrated a deep understanding of Malaysia’s property landscape, positioning itself as a developer that prioritises both investor confidence and homeowner satisfaction.

RM4.5 Billion in Completed Developments

To date, Binastra Land has completed projects valued at over RM4.5 billion, a significant milestone that underscores its operational strength and financial credibility.

This achievement reflects the company’s ability to deliver projects on schedule while maintaining construction quality and design excellence.

Among its key milestone and completed projects are:

  • Trion @ KL & Mercure Kuala Lumpur Trion – An integrated lifestyle development that combines residential, retail, and hospitality components, enhancing connectivity and vibrancy within Kuala Lumpur.
  • Sinaran Wangsa Maju – A thoughtfully designed residential development offering modern living solutions within a well-established neighbourhood.
  • Suria Garden @ Puchong – A community-focused development catering to growing demand in the Puchong area.
  • CyberSquare @ Cyberjaya – A mixed-use project supporting Cyberjaya’s vision as a dynamic technology and commercial hub.
  • Citizen2 @ Old Klang Road – A contemporary residential development strategically located along one of Kuala Lumpur’s key corridors.

Binastra Land Upcoming Projects: Binastra Cochrane & Binastra Cochrane 2

  • Walking distance to MRT Cochrane – Excellent connectivity to Kuala Lumpur city centre and major business districts.
  • Minutes from Tun Razak Exchange (TRX) and Sunway Velocity Mall – Easy access to financial institutions, retail outlets, dining, and lifestyle amenities.
  • Strong investment appeal – Located within a high-growth corridor with solid rental demand and promising capital appreciation potential.
  • Close to Monash University Malaysia – Attractive for students and academic professionals seeking well-connected urban residences.

Each of these projects reflects Binastra Land’s commitment to delivering developments that are strategically located, well-planned, and aligned with market needs.

Multi-Award-Winning Developer in Malaysia

Binastra Land’s dedication to excellence has been consistently recognised by respected industry bodies. The company has earned multiple accolades that highlight its expertise in lifestyle-centric development and design innovation.

Among its notable awards:

  • Golden Bull Award 2021 – Super Golden Bull Winner
  • PropertyGuru Asia Property Awards Malaysia 2021 – Best Lifestyle Developer
  • Asia Pacific Property Awards 2020-2021 – Mixed-use Architecture Malaysia & Mixed-use Development Malaysia
  • Property Insight Prestigious Developer Awards 2019 – Best Boutique Lifestyle Development for Trion @ KL
  • StarProperty.my Awards 2019 – The Art of Life Award (Best Lifestyle Development) for Trion @ KL

These recognitions affirm the company’s focus on creating developments that enhance lifestyle quality while delivering strong investment potential.

Shaping Lifestyle-Driven Communities

Binastra Land’s development philosophy goes beyond constructing buildings; it is centred on shaping vibrant, lifestyle-driven communities that enhance the way people live, work, and connect.

Every project is carefully conceptualised with strong emphasis on spatial planning, connectivity, accessibility, and evolving modern living requirements.

Thoughtful layouts, integrated amenities, and strategic locations are combined to create environments that support convenience, comfort, and long-term value.

Developments such as Trion @ KL exemplify the company’s integrated approach—seamlessly blending residential spaces with lifestyle facilities and hospitality components to form dynamic, self-sustaining urban ecosystems.

By prioritising design excellence, functionality, and liveability, Binastra Land consistently delivers developments that appeal to urban professionals, growing families, and investors seeking quality assets within Malaysia’s increasingly competitive property market.

Strengthening Malaysia’s Urban Landscape

With a strong presence across Kuala Lumpur and growth corridors such as Cyberjaya and Puchong, Binastra Land actively supports Malaysia’s urban development and long-term city planning goals.

By focusing on high-growth locations with strong infrastructure potential, the company aligns its projects with economic expansion and demographic trends within the Klang Valley.

Its strategically positioned developments transform emerging townships into vibrant, self-sustaining communities integrating residential, commercial, and lifestyle elements.

Beyond construction, the company stimulates economic activity, creates employment opportunities, and enhances connectivity.

The RM4.5 billion milestone reflects market confidence and underscores Binastra Land’s credibility, delivery strength, and long-term commitment to nation-building.

Looking Ahead

As Malaysia’s property sector continues to evolve, Binastra Land remains committed to innovation, sustainable practices, and quality-driven delivery.

Building on over 20 years of experience, the company aims to further expand its portfolio with developments that respond to market trends while upholding its core values of integrity, excellence, and responsibility.

With a proven track record, industry accolades, internationally recognised certifications, and billions in successfully delivered projects, Binastra Land stands poised to continue shaping Malaysia’s property landscape for years to come.

https://binastra.com.my/

Hashtag: #Binastraland #Binastracochrane #Property #Business #Lifestyle

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/binastra-land-marks-two-decades-of-excellence-and-recognition-in-malaysias-property-industry/

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MCKL rolls out Open Day, inviting students and parents to discover Future-Ready Education Pathways

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 March 2026 – Choosing the right college is one of the most important decisions a student will make. For those exploring quality pre-university and diploma pathways, Methodist College Kuala Lumpur (MCKL) invites students and parents to its upcoming MCKL Open Day happening on 13 and 14 March 2026, from 9am to 5pm at both its Kuala Lumpur and Penang campuses.

With a long-standing reputation for academic excellence and holistic education, MCKL continues to empower students with programmes that open doors to universities worldwide while nurturing character and purpose.

During the two-day Open Day, visitors will have the opportunity to explore MCKL’s range of top-tier Pre-U and Diploma programmes, speak directly with experienced lecturers, and receive personalised academic guidance to help them choose the pathway that best suits their ambitions.

Students can also take advantage of exclusive Open Day rebates, including RM500 rebates on selected programmes and RM2,000 rebates for Diploma programmes, available only during the Open Day period.

What to Expect at MCKL Open Day

Visitors to the campus can look forward to a variety of engaging and informative activities, including:

  • Discovering MCKL’s Pre-University and Diploma programmes
  • Learning about MCKL as a Qualifications Scotland (QS) Approved Centre
  • Taking a Career Guidance Test
  • Meeting academic advisors for personalised consultations
  • Exploring available scholarships, financial aid and PTPTN loan options

Conveniently located in the heart of Kuala Lumpur, the campus is next to Tun Sambanthan Monorail Station and only 10 minutes from KL Sentral, making it easily accessible for visitors. Meanwhile, the Penang campus is situated in the heart of Georgetown, providing students in the northern region with access to the same quality education.

Meet MCKL Beyond Campus

For students who may not be able to attend the Open Day, MCKL will also be participating in several upcoming education fairs, providing another opportunity to meet the college’s academic advisors and learn more about its programmes.

Visitors can meet the MCKL team at the following fairs:

  • Coursemap Education Fair at Pavilion Bukit Jalil, Kuala Lumpur – 14 & 15 March 2026
  • Sure Expo Education Fair at Midvalley Exhibition Centre, Kuala Lumpur – 28 & 29 March 2026
  • MEF Penang at Setia SPICE Convention Centre, Penang – 28 & 29 March 2026
  • Sure Expo Education Fair at Midvalley Exhibition Centre, Kuala Lumpur – 4 & 5 April 2026
  • Sure Expo Education Fair Midvalley Exhibition Centre, Johor Bahru – 11 & 12 April 2026

These fairs provide students with the chance to explore their study options, receive course counselling, and discover how MCKL can support their academic journey.

Start Your Journey with Confidence

For over four decades, MCKL has built a strong reputation for nurturing students who excel academically while developing the values, character, and critical thinking skills needed to thrive in an ever-changing world.

Whether through its Open Day or education fairs, MCKL welcomes students and parents to discover how the college can be the launchpad for their future success.

To learn more, visit mckl.edu.my or speak to the MCKL team at the upcoming events.

https://mckl.edu.my/
https://www.linkedin.com/school/methodist-college-kuala-lumpur/
https://www.facebook.com/share/19qkXtd7P7/?mibextid=wwXIfr
https://www.instagram.com/methodistcollegekl?igsh=MTJzYzFkM203NGlzbg==

Hashtag: #MCKL #openday #educationfair #penang #kualalumpur

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/mckl-rolls-out-open-day-inviting-students-and-parents-to-discover-future-ready-education-pathways/

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Zuellig Pharma Acquires Cialis® (Tadalafil) from Lilly in three additional markets in Asia

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 12 March 2026 – Zuellig Pharma, a leading healthcare solutions company in Asia, today announced that it has acquired all rights, title, and interest in and to Cialis® (Tadalafil), a leading men’s health product from Eli Lilly and Company (“Lilly”) in Hong Kong, Macau and South Korea.

Following the acquisition, Zuellig Pharma will now own the trademarks, marketing authorizations and license manufacturing know-how for Cialis®, a treatment for erectile dysfunction (ED) and benign prostatic hyperplasia (BPH), in 11 markets in Asia, with the expansion of its ownership into three additional markets beyond the original eight. Zuellig Pharma will also continue to promote and distribute the brand in these markets.

The expanded ownership of Cialis® will widen accessibility of the drug to a significant population of men in Asia who are affected by ED and BPH. The acquisition also aligns with Zuellig Pharma’s strategic priority of building a strong portfolio of owned prescription healthcare products as an integrated healthcare solutions company.

“Our acquisition of Cialis® in three additional markets builds on the strong foundation we established two years ago and highlights our proven success in scaling trusted brands effectively through our commercial capabilities and deep expertise. As we broaden our footprint, we remain focused on delivering sustainable growth and advancing our purpose of making in-demand healthcare solutions more accessible to communities in Asia,” said John Graham, CEO of Zuellig Pharma.

https://www.zuelligpharma.com/
https://www.linkedin.com/company/zuellig-pharma

Hashtag: #ZuelligPharma #EliLillyandCompany #Cialis #MensHealth #Healthcare #Pharmaceuticals

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/zuellig-pharma-acquires-cialis-tadalafil-from-lilly-in-three-additional-markets-in-asia/

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Ingdan Powers Embodied AI with Humanoid-Style Brain-Cerebellum Chipset to Boost Robotics Ecosystem

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 12 March 2026 – Ingdan, Inc. (“Ingdan” or the “Company”, stock code: 400.HK; with its subsidiaries (the ”Group”)), a core supplier in the AI computing power supply chain and a leading application technology solutions provider, announces continued progress in strengthening its humanoid robotics ecosystem through an integrated embodied intelligence IC product matrix, supporting the industry’s transition toward large‑scale commercialization.

2026 is widely regarded as a milestone year for humanoid robotics, in which humanoid robots transition from laboratory prototypes and demonstration performances to large‑scale mass production. At CES in January, NVIDIA announced the commercial launch of its physical‑AI core platform Jetson Thor. Tesla is scheduled to officially release the mass‑production engineering version of its Optimus (V3) humanoid robot by the end of March, with plans to initiate million‑unit‑level production lines by the end of 2026—an inflection point widely regarded as the “Model 3 moment” of the humanoid robotics industry. At the same time, Chinese robotics companies such as AGIBOT, Unitree, and Fourier Intelligence have already deployed products at scale in warehousing and logistics scenarios.

Against this backdrop, the upstream hardware focus of the humanoid robotics industry is increasingly converging on “Brain-Cerebellum” collaboration and low‑latency, multi‑joint real‑time control, which are essential to achieving coordinated, smooth, and human‑like robotic motion. During the CMG Spring Festival Gala, robots from multiple companies demonstrated complex coordinated movements and dexterous hand operations, further highlighting the value of this technical direction.

D‑Robotics, originating from the AIoT and robotics division of Horizon Robotics, focuses on edge‑side embodied intelligence solutions characterized by high computing power, integrated computation and control, and low latency. Leveraging its parent company’s long‑term experience in intelligent driving, D‑Robotics has established a precise position in humanoid robot “Brain-Cerebellum” coordination and real‑time joint control.

In November 2025, D‑Robotics unveiled its flagship robotics computing platform S600, with an official release planned for the end of the first quarter of 2026. The S600 platform features a highly integrated humanoid‑style “Brain-Cerebellum” chipset architecture. Its “Brain” configuration combines an 18‑core A78AE CPU with a proprietary Nash‑architecture BPU, delivering 560 TOPS (INT8) edge computing power and supporting efficient deployment of VLA, VLM, LLM, and locomotion models. Its “Cerebellum” configuration integrates a 6‑core R52+ MCU, providing high‑reliability, real‑time motion control.

By integrating CPU, BPU, and real‑time MCU capabilities into a single SoC, S600 enables a closed‑loop architecture encompassing perception, decision‑making, and real‑time action control. This design addresses a key industry challenge in which many edge AI processors lack embedded real‑time MCUs and rely on external controllers, resulting in excessive latency. The integrated MCU supports high‑frequency, high‑precision PWM signal generation based on FOC algorithms, enabling precise motor control and contributing to stable rhythm and natural gait.

The S600 platform has been adopted by multiple robotics companies such as Fourier Intelligence, Booster Robotics, X Square Robot, and ROBOTERA, supporting applications that require stable multi‑joint coordination and smooth motion performance.

Ingdan, Inc. (00400.HK) is a core supplier in the AI computing power supply chain and an application technology solutions provider covering both AI infrastructure and AI intelligent terminals. The Company represents a broad portfolio of international semiconductor manufacturers, including NVIDIA, Xilinx, Intel, AMD, and SanDisk, as well as numerous domestic chip vendors. It serves hundreds of robotics manufacturers and Tier‑1 customers and has formed a comprehensive embodied intelligence ecosystem.

D‑Robotics is a core product line Ingdan distributes . Building on D‑Robotics’ products and combined with its own technical services—such as multi‑sensor fusion development, real‑time closed‑loop tuning, Quantization‑Aware Training (QAT) support, simulation testing, and modular SOM customization—the Group has supported sophisticated customers including Galbot and ROBOTERA, continuously enriching the robotics industry ecosystem.

Looking ahead, Ingdan will continue to focus on the humanoid robotics sector. Leveraging an IC product matrix centered on NVIDIA Jetson and D‑Robotics platforms, the Company aims to further strengthen its AI intelligent terminal capabilities and continue supporting the iterative development of embodied intelligence products.

For investor and media enquiries
Please email to ir@ingdan.com

Hashtag: #Ingdan #Chips #humanoid #D‑Robotics #NVIDIA #Tech

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/ingdan-powers-embodied-ai-with-humanoid-style-brain-cerebellum-chipset-to-boost-robotics-ecosystem/

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Snow, Ice, and Performance: 2026 Changan Global Testing Season Arrives in Europe with Back-to-Back Winter Events

Source: Media Outreach

  • European dealers and journalists experienced the CHANGAN DEEPAL S05 AWD at 2026 Changan Global Testing Season this February.
  • With intelligent AWD and advanced ADAS, the CHANGAN DEEPAL S05 AWD offered uncompromising safety and control on winter roads.

Saalfelden, Austria – Media OutReach Newswire – 12 March 2026 – Following extreme cold tests in Yakeshi, China, the 2026 Changan Global Testing Season made its European debut this February with the Changan Winter Experience in Courmayeur and the Winter Test Drives in Saalfelden. The all-electric CHANGAN DEEPAL S05 AWD was tested on snow and ice—familiar conditions for European drivers—offering dealers and journalists an immersive introduction to Changan’s electric mobility vision through dynamic drives.

Three-time Olympic gold medalist and Milano Cortina 2026 Ambassador Deborah Compagnoni joined the event in Courmayeur, testing the CHANGAN DEEPAL S05 AWD. Her career—defined by determination, control, and reliability—reflects Changan’s core values. “I felt that the principles of trajectory and speed in skiing apply to driving. With this model, you gain confidence on challenging terrain,” she said.

Snow-Validated Performance: The CHANGAN DEEPAL S05 AWD

Tested in Europe, the CHANGAN DEEPAL S05 AWD demonstrated controllable dynamics, reliable traction, and enhanced safety—highlighting its cutting-edge AWD and ADAS. The system adapts seamlessly: ECO/COMFORT modes prioritize RWD efficiency, while AWD will engage automatically when sensors detect slip, high torque demand, or extreme cold below -25°C. SPORT mode delivers permanent 50:50 torque for sharper response. SNOW mode maintains balanced torque with optimized slip control for confident driving on low-grip surfaces.

The intelligent AWD system delivers up to 320 kW power, 502 Nm torque, and 0–100 km/h acceleration in 5.5 seconds. It also improves hill climbing with a 40% gradient capability, ensures stability by actively balancing power to prevent skidding, and enables safer cornering at higher speeds through optimized grip and vehicle dynamics.

Changan Standard: Proven in the Alps, Bound for the World

Changan Standard is defined by a principle: forged in extremes, built for every day. From Yakeshi to the Alps, the test environments are selected to verify specific performance attributes—safety technologies, chassis response, all-wheel-drive calibration, and ADAS in low-grip scenarios. The objective of 2026 Global Testing Season is not to demonstrate extremes, but to confirm consistency: that the same level of safety, control, and stability demonstrated will be replicated in Mexico, Thailand, and Saudi Arabia.

Hashtag: #Changan

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/snow-ice-and-performance-2026-changan-global-testing-season-arrives-in-europe-with-back-to-back-winter-events/

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Indonesia Highlights Forest Governance and Traceability System in Dialogue with Japanese Energy Companies

Source: Media Outreach

JAKARTA, INDONESIA – Media OutReach Newswire – 11 March 2026 – The Ministry of Forestry of the Republic of Indonesia reaffirmed the country‘s commitment to sustainable forest governance and transparent supply chains during a meeting with representatives from Tokyo Gas Co., Ltd. and Hanwa Co., Ltd. at the Ministry‘s office on Wednesday (March 4).

Official Meeting on Sustainable Forestry The Indonesian Ministry of Forestry receives representatives from Tokyo Gas Co., Ltd. and Hanwa Co., Ltd.—key buyers of wood pellets from PT Biomasa Jaya Abadi

The meeting was part of Indonesia‘s ongoing engagement with international partners to strengthen mutual understanding of sustainable forest management and the governance framework underpinning Indonesia‘s forest-based industries, including the emerging biomass sector.

Ade Mukadi, Director of Forest Product Processing and Marketing Development at the Ministry of Forestry, emphasized that Indonesia continues to strengthen its forest governance architecture to ensure that forest utilization is conducted responsibly and in accordance with national regulations and sustainability principles.

“Indonesia has established a comprehensive forest governance framework that integrates legality assurance, sustainability standards, and independent verification. We continue to enhance this system to ensure transparency, accountability, and supply chain integrity,” Ade stated.

Official Dialogue with Ministry of Forestry’s Ade Mukadi (second left), Director of Forest Product Processing and Market, and Tony Rianto (second right), Head of the Sub-Directorate, meet with Tokyo Gas and Hanwa representatives

Tokyo Gas and Hanwa are buyers of wood pellets produced by PT Biomasa Jaya Abadi (PT BJA), which operates in Pohuwato Regency, Gorontalo Province. Tony Rianto, Head of the Sub-Directorate for Forest Product Certification and Marketing, explained that Indonesia‘s forest governance system is guided by four key pillars: sustainable forest management that balances ecological, social, and economic functions; transparency and accountability; regulatory compliance; and respect for indigenous peoples and local communities.

Central to this framework is Indonesia‘s Timber Legality and Sustainability Verification System (SVLK), a national assurance system ensuring that forest products originate from legal and sustainably managed sources. The system covers the entire supply chain—from harvesting and transportation to processing and export—and is implemented through independent verification bodies accredited to audit forest operators, industries, and exporters.

Furthermore, Indonesia continues to enhance the system in line with evolving global market expectations, including the development of geolocation-based monitoring at harvesting sites and the digitalization of transport and export documentation.

These measures are designed to strengthen traceability and support compliance with emerging international due diligence requirements, such as the European Union Deforestation Regulation (EUDR).

During the meeting, discussions also covered Indonesia‘s forest utilization planning framework, including the Annual Work Plan (RKT), which regulates harvesting activities under approved long-term forest management plans and incorporates biodiversity safeguards and conservation measures.

The Ministry reaffirmed that forest utilization activities are subject to rigorous regulatory oversight and monitoring mechanisms to ensure compliance with environmental safeguards and sustainable forest management practices.

The meeting followed an earlier discussion between Tokyo Gas and Hanwa and the Pohuwato Regency Government on Monday (March 2). Regent Syaiful A.

Mbuinga confirmed that PT BJA has fulfilled all licensing requirements, operates legally, and contributes to the local economy by employing more than 1,500 workers.

Investment in Pohuwato, including from PT BJA, has contributed to regional economic growth of around 9%, with the local government maintaining strict oversight of investment activities in the region.

Hashtag: #TirtoIndonesia

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/indonesia-highlights-forest-governance-and-traceability-system-in-dialogue-with-japanese-energy-companies/

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Mobility Trends to Watch in 2026: The Expanding Role of Ride-Hailing Platforms

Source: Media Outreach

Industry insights indicate that ride-hailing platforms are gradually expanding beyond core passenger transport, with increased focus on predictive safety capabilities, AI-enabled customer support, embedded payment systems, and more structured regulatory engagement.

MANILA, PHILIPPINES – Media OutReach Newswire – 11 March 2026 – 2026 may be the year that more ride-hailing apps will expand their operations to become mobility superapps, according to industry experts who have analyzed the movements of multiple apps across the board. The analysis suggests that this shift will be driven by multi-service bundling, predictive safety features, boosted AI integration, cashless payment options, and coordination with regulators.

“Our global market review found that the way forward for ride-hailing platforms is to evolve into mobility superapps,” Evgenia Matrosova, inDrive Chief Ride-Hailing Officer, said. “Users want convenience more than anything, where diverse mobility solutions, proactive safety functions, and seamless digital payments can all be found in one platform. Integrated services won’t just push innovation forward; they signify reliability and flexibility on the road and beyond.”

#1 Ride-hailing apps may begin venturing into adjacent services.

More ride-hailing apps may begin expanding into adjacent mobility services this year due to an increase in global demand for integrated transport services. For instance, market intelligence firm Sensor Tower listed inDrive and other ride-hailing platforms among the most downloaded travel apps in 2025—revealing global demand for their expansion into adjacent travel services.

Zooming into the platforms’ service expansion, industry experts are optimistic about the potential in food delivery. Data shows that restaurants worldwide are considering working with delivery platforms that offer them more control over their profit margins.

A separate Ken Research study also revealed that online travel booking has also enjoyed similar local growth, with a projected revenue of Php 50 billion. This could boost pre-booked airport pickups’ popularity, with travelers viewing this as a much-needed convenience.

These all reveal one thing: the lines between passenger transport and adjacent mobility services are beginning to blur. Thus, ride-hailing apps may begin venturing into adjacent mobility services to create an all-in-one experience for users.

#2 Safety systems are slowly shifting from protection to prediction

At present, in-app safety features are often limited to real-time monitoring, emergency hotline buttons, and a speed dial to the platform’s 24/7 support. However, industry experts forecast that ride-hailing apps may begin using AI-powered analytics and risk modeling for predictive road safety measures.

For instance, the Forum of European National Highway Research Laboratories says that AI can collect traffic data, weather feeds, and other key information to predict collisions and recommend alternate routes. Predictive safety features like this can help ride-hailing apps move past interventionary measures and proactively protect their drivers and passengers.

#3 AI to enhance the in-app customer experience

Industry experts also say that mobility services may continue leveraging AI to improve customer experience. There are also early indicators that ride-hailing apps may experiment with using human-like AI voices in their customer support systems. AI may also be used in developing personal mobility agents that manage drivers’ schedules and earnings and intervene during emergencies.

With ride-hailing platforms considering venturing into food delivery, they may use AI to simulate customer interactions. Large language models can simulate dialogue-based ordering, allowing users to verbally dictate their orders or send them via chat platforms like WhatsApp. Not only would this speed up the delivery process, but it would also cater to users who prefer personal interactions.

#4 Ride-hailing apps eyeing seamless in-app payment systems

Cashless payment options, such as e-wallets and online bank transfers, are gaining popularity among Filipino consumers. A Bangko Sentral ng Pilipinas report found that 57.4% of Filipinos’ retail transactions were paid online. This creates an opportunity for ride-hailing companies to make their payment schemes more seamless. They may consider embedding cashless payment options in their apps, which can automatically deduct their transaction from their attached online banking and e-wallet accounts.

inDrive’s internal research shows that Filipino commuters are also price-sensitive, often allocating tight budgets to their transportation expenses. This consumer attitude could pave the way for ride-hailing companies to install in-app wallets. These facilitate better online budgeting and accommodate users who prefer cash.

#5 Ride-hailing apps expected to continue to uphold price fairness

Strict regulatory compliance has always influenced the dynamics of the ride-hailing industry. In particular, the Land Transportation Franchising and Regulatory Board has been staunch in implementing its fare matrix. Just last December, the regulator imposed surge caps to maintain affordable holiday fares—underscoring its commitment to keeping prices affordable for passengers.

With this in mind, industry dynamics suggest a growing emphasis on collaborative regulatory models. Experts advise ride-hailing companies to continue collaborating with government regulators to promote pricing fairness. They also recommended continuing to implement lower commission rates to increase drivers’ income and strengthen passenger loyalty. This year, platforms may also take it a step further by rolling out promotions, capped surge policies, and loyalty models.

These trends paint a picture of what could come next for the ride-hailing industry this year. With these in mind, inDrive will continue to uphold transparency, safety, and inclusivity for drivers and passengers alike. For more updates on inDrive’s initiatives this year, visit www.inDrive.com or follow @inDrive.ph on social media.

https://indrive.com/en-my

Hashtag: #inDrivetrends #MobilityPhilippines

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/mobility-trends-to-watch-in-2026-the-expanding-role-of-ride-hailing-platforms/

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Sunlight Real Estate Investment Trust (“Sunlight REIT”) Final Results for the Year Ended 31 December 2025

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 March 2026 – Henderson Sunlight Asset Management Limited (the “Manager“) announces the final results of Sunlight REIT for the year ended 31 December 2025 (the “Year“).

Sunlight REIT recorded total revenue and net property income for the Year of HK$778.1 million and HK$601.0 million respectively, down 4.8% and 5.3% as compared to their corresponding calendarized figures in 2024. Distributable income for the Year exhibited a milder drop of 2.1% to HK$330.2 million, mainly attributable to a 16.1% saving in interest expense.

The key performance indicators on a calendarized basis are summarized as follows:

in HK$’ million 12 months ended

31 December 2025

 12 months ended

31 December 2024*
Revenue 778.1 817.1
Net property income 601.0 634.5
Distributable income 330.2 337.3

* unaudited figures derived from the audited financial statements for the 18 months ended 31 December 2024.

The Board has resolved to declare a final distribution of HK 9.1 cents per unit, bringing distribution per unit for the Year to HK 18.2 cents, which represents a payout ratio of 96.1% and a yield of 7.7% based on the closing unit price of HK$2.35 on the last trading day of the Year.

The appraised value of Sunlight REIT’s portfolio was HK$17,403.0 million at 31 December 2025, while its net asset value stood at HK$12,402.6 million, or HK$7.09 per unit.

Operating Highlights

At 31 December 2025, the occupancy rate of Sunlight REIT’s overall portfolio was 90.6%. The corresponding figures of the office and retail portfolios were 91.2% and 89.6%, with average passing rents of HK$31.0 per sq. ft. and HK$63.9 per sq. ft. respectively.

In respect of capital management, Sunlight REIT successfully completed the refinancing of borrowings in the amount of HK$2,980 million on favourable interest margin during the Year, demonstrating the staunch support from key bankers and the solid fundamentals of Sunlight REIT. All term loans of Sunlight REIT are currently being structured as sustainability-linked loans.

During the year under review, Sunlight REIT attained the five-star Global Real Estate Sustainability Benchmark (GRESB) rating, a testament to its commitment to sustainability.

Mr. Au Siu Kee, Alexander, Chairman of the Manager, said, “Given the prevailing operating environment, it is imperative to stay vigilant and adaptable, focusing on strategic cost management and portfolio optimization while leveraging technology to navigate the evolving landscape. We take pride in having established a firm foundation for Sunlight REIT, being strengthened by numerous initiatives amidst the ebbs and flows of the market. Unitholders are assured of this defensive and proactive culture in the years to come.”

Remarks: Attached financial highlights of FY2025 final results of Sunlight REIT.

Financial Highlights of FY2025 Final Results
(in HK$’ million, unless otherwise specified)

Year ended

31 December 2025

 18 months ended

31 December 2024
Revenue 778.1 1,236.3
Net property income 601.0 957.7
Cost-to-income ratio (%) 22.8 22.5
Loss after taxation (275.4) (173.0)
Distributable income 330.2 499.7
Distribution per unit (HK cents) 18.2 27.4
Payout ratio (%) 96.1 94.0
At 31 December

2025

 At 31 December

2024
Portfolio valuation 17,403.0 17,933.6
Net asset value 12,402.6 13,010.1
Net asset value per unit (HK$) 7.09 7.53
Gearing ratio (%) 27.8 27.0

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.

Hashtag: #SunlightREIT #REIT

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/12/sunlight-real-estate-investment-trust-sunlight-reit-final-results-for-the-year-ended-31-december-2025/

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Esaote launches the new MyLab™ E85 GTS ultrasound system in Vienna

Source: Media Outreach

VIENNA, AUSTRIA – Media OutReach Newswire – 11 March 2026 – Easy to transport, featuring compact size and high-quality images, developed to revolutionise and facilitate the work of interventional radiologists all around the world. Esaote launched the new MyLab E85 GTS, the new cart-based ultrasound system that Esaote, a leading Italian company in medical imaging innovation, presented at the European Congress of Radiology (ECR), held in Vienna from 4th to 8th March.

The machine is based on two new technologies, combined for the first time: Virtual Navigator and Ablation Confirmation. The former enables real-time multimodality image fusion for accurate navigation, reinforcing the role of ultrasound as a valuable aid to computed tomography (CT)-guided interventional procedures. The second analyses and combines pre- and post-treatment CT and multiparametric MRI data with real-time ultrasound imaging automatically to assess the technical success of thermal ablation procedures. The combination of both technologies aims at providing interventional radiologists with accurate diagnosis, excellent needle visualisation and improved interventional procedures.

Equipped with a touch-sensitive keyboard that is easy to clean, MyLab E85 GTS represents a further evolution in the devices now available to specialists, offering their patients even greater precision in minimally invasive therapeutic and diagnostic procedures. The combination of Virtual Navigator and Ablation Confirmation guarantees extremely high performance in biopsies, aspirations and drainages. The visualization of the needle is excellent and contributes to the confidence of the physician and the precision of the operation performed.

“Interventional procedures can be done under CT guidance, but allying them with ultrasound systems, characterized by non-radiation procedures and real time-imaging, offers invaluable advantages: with a single click, the fusion between CT and US images is operational”, explained Marta Daniel, Guided Therapy Product and Clinical Solutions Manager at Esaote, on the sidelines of the launch of the new ultrasound scanner at the European Congress of Radiology in Vienna. “By maximising the workflow of focal ablation, MyLab E85 GTS offers the first “integrated” Ablation Confirmation Software in addition to fusion imaging. The software analyses pre- and post-ablation CT scans and provides feedback on the effectiveness of the procedure, maintaining real-time fused images to navigate the target area, both to confirm treatment and to further ablate any residual areas identified. This is a revolutionary breakthrough that ensures confidence and precision”, she concluded.

Esaote developed the new MyLab E85 GTS with today’s interventional radiology needs in mind. “Working with young physicians all around the world, we identified their challenges and understood their specific requests, pushing us to go beyond the conventional functions of an ultrasound system”, said Laurent Rapon, Global Business Development Manager GTS US. “The E85 GTS is our first response to this commitment, proposing a sealed keyboard design and integrating tailor-made software to further ease complex interventional procedures”.

Hashtag: #Esaote

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/esaote-launches-the-new-mylab-e85-gts-ultrasound-system-in-vienna/

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Bora Delivers Highest Operating Cash Flow Margin Since 2020, Enabling 2026 Bolt-On Investments from a Larger, Stronger Platform

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 March 2026 – Bora Pharmaceuticals (“Bora”; TWSE: 6472; OTCQX: BORAY) today announced its financial results and operational highlights for full year 2025 and provides 2026 outlook.

FY25 Business and Financial Highlights

  • Company reported full year revenues, with discontinued operations reported separately, of NT$19,014 million, up 9.11% from the prior year and basic EPS of NT$23.90, or NT$2.63 for the fourth quarter. Full year EPS represents a 24.22% year-over-year decline, mostly due to a net loss per share of NT$11.24 from discontinued operations.
  • In the fourth quarter, following the completion of tech transfer of production transitions out of the Plymouth area in Minnesota, the COGS of those originally Plymouth-made inventories have been reconsolidated to COGS line. Hence on a like-for-like basis when compared with other quarters in 2025, fourth quarter gross margin would have been approximately 38-39%. The reported high single-digit percentage sequential decline in gross margin, which also led to softened operational leverage, was primarily attributable to a temporary slowdown in DLS orders from following the entry of a new competitor in Nov. with limited launch visibility during the quarter. Higher effective tax rates during the quarter were a direct result of less sell-through downstream from related party transactions of the internally manufactured generic products. In addition, heightened generics competition of Topiramate ER, a leading generics product of Upsher-Smith, was also a negative gross margin mover.
  • Management believes the 4Q25 OPEX profile more accurately reflects the expanded operating platform and our strategic repositioning into new focus areas. Sales and marketing expenses increased seasonally in line with market share cadence and channel expansion initiatives, while R&D spending sat on the disciplined side. Gross margin expansion serves as the key lever for operating leverage as scale improves fixed-cost absorption.
  • Pharma sales revenue remained volatile in the fourth quarter as legacy inventory phased out and new product approvals remain pending. Generics portfolio competitiveness remains a key focus area in the near term for both top line and gross margin. Nevertheless, led by vigabatrin franchise, Bora’s rare disease portfolio continued to gain impressive market share across dosage forms. The Company aims to actively refill pipelines in 2026 to regain profitable growth.
  • The Group’s CDMO business delivered another strong quarter in both revenues and gross margin. Supported by expanded capacity and the addition of new dosage forms, CDMO revenues grew 53.8% year-over-year in 2025 to NT$10.64 billion, including internal orders. Excluding internal orders, revenues reached NT$7.50 billion, representing a 19.53% increase compared to 2024.
  • As 2025 marked a year of post-merger integration and strategic consolidation, Bora achieved its highest operating cash flow margin in recent years at 34.74% in the fourth quarter, compared with -4.00% in the same period last year. This improvement reflects the transformation of the Bora Group into a more efficient organization operating on a larger and stronger platform. The Board has proposed a NT$10 cash dividend per share, demonstrating confidence in the Group’s strengthened cash generation and commitment to delivering sustainable returns to shareholders, reaching the highest yield rate proposed.
  • Share capital increased 3.18% during the quarter from employee stock option exercise and convertible bond conversions.

Mr. Bobby Sheng, Chairman of Bora Group, stated, “2025 represented a pivotal year for Bora Group. Beyond post-acquisition integration, it was a year of disciplined capital allocation and balance sheet stewardship. Having stepped onto a larger growth platform, we deliberately reassessed optimal cash deployment, portfolio mix of both CDMO and Pharma Sales businesses and forthcoming return metrics under a stable equity structure. One year after closing the 2024 acquisitions, we achieved our highest operating cash flow margin, marking a complete turnaround from the same period last year when the Group first transitioned to its current scale.

The external environment was marked by significant shifts. We operated against a backdrop of renewed U.S. trade and industrial policy shifts, triggering supply chain realignment and foreign exchange fluctuations. At the same time, rapid AI adoption began reshaping manufacturing competitive dynamics, if not capital market funding flow. Concurrently, the Group faced competition in a handful core generic products that remain meaningful contributors to revenue and EBITDA. Discontinued operations aside, based on the reclassified financial statements for 2025 and 2024, EBITDA for continued operations declined 19.0% compared to 2024, but remains 12.5% higher than 2023, underscoring the structurally higher revenues and earnings base established over the past 2 years.

Despite these headwinds, the Group remained profitable and has preserved financial flexibility. Notably, we funded Bora’s largest CDMO CAPEX program in our history and executed the business transformation of Upsher-Smith entirely within existing credit facilities, without incremental equity dilution. While value expansion of this new Bora Group platform took longer than the Company expected, we believe the year demonstrates the resilience of our operating model, disciplined financial management, and our ability to execute strategic investments while maintaining earnings and balance sheet integrity.

We are especially delighted to share the contract renewal with GSK earlier this year. From day one, this partnership was built on mutual trust and a shared commitment to quality. With the latest developments, we are looking at a decade of collaboration with GSK and committing through 2030 speaks to our shared focus on value and reliability. We have also established new partnerships with several high-growth pharmaceuticals over the past few months, further expanding our client base across our North American network. These partners share our belief in an integrated and orchestrated supply chain model, leveraging our multi-site platform to support development, manufacturing, and commercialization needs.

To sum up, the CDMO rolling 12-month external order backlog, after a good quarter of digestion and less working days, arrived at US$264 million. Total external wins in 2025 reached a phenomenal US$482 million, of which 89% were commercial-stage orders and 16 molecules in pre-commercial stage, providing solid visibility into 2026 and beyond especially for Canada and Baltimore sites. At the same time, Bora continues to leverage a unified CDMO network to enhance cost competitiveness for our very own Upsher-Smith generics portfolio.

On the pharma sales side, Upsher-Smith today represents a structurally repositioned platform. Performance has been increasingly driven by lifecycle management, including continued maximization of the infantile spasm franchise, alongside active pipeline replenishment with a heightened focus on differentiated assets, particularly NCEs in rare diseases. Within Generics, we have confirmed 7 launches in 2026, including the recently approved Cyclosporine and an in-licensed product indicated for hyponatremia. We are also observing a more constructive environment for DLS than initially anticipated, with 2026 year-to-date market share maintained. Last but not least, based on our current knowledge of the relevant U.S. patent rulings, if TWi receives approval for Cladribine (gMavenclad), Upsher-Smith, as the exclusive distributor, would be positioned to launch the product in the U.S., subject to customary regulatory and commercial considerations.

Beyond our base expectation of launching more than 10 generic products annually, we have identified revenue and EBITDA accretive, bolt-on investment opportunities to further strengthen this business in 2026. These include progressively expanding our injectable and 505(b)(2) portfolios to enhance differentiation and economics, as well as deepening penetration across proprietary and specialty distribution channels. When we exit this year with a more diversified and better-calibrated product mix, we expect improved earnings resilience and more stable growth trajectory going forward.”

FY25 Operational Achievements & 2026 Outlook

Global CDMO Operations

Global CDMO operations revenue reached record highs for both the quarter and the full year, accounting for approximately 45.78% of reported revenues in the quarter and 39.43% for FY2025. In total, 2.5 billion doses were developed and manufactured. Revenue contribution from the top 20 global pharmaceutical companies declined slightly to 29% from the low-30% range previously, primarily reflecting the addition of several fast-growing pharmaceutical clients to the Company’s portfolio in recent years, with increasing contributions from their successful product launches.

As the Company continues to expand its CDMO capacity and capabilities, including approximately 10% additional aseptic fill/finish capacity and a net ~3% expansion in solid and liquid dosage capacity, Bora Group monitors utilization rate carefully across facilities. While the Company remains confident that investing in U.S. manufacturing capacity is strategically sound, given the importance of the U.S. pharmaceutical market and supply chain resilience, capital allocation must also align with prevailing industry investment cycles. Against this backdrop, a structural supply gap in single-use drug substance (DS) bioreactor capacity, projected to grow at an estimated 8–10% CAGR, reinforces the rationale for continued investment in Tanvex Biopharma (branded as Bora Biologics) as Bora Group expands its CDMO platform. Supported by a more favorable funding environment for early-stage biotech companies in the US, rapidly growing biologics pipeline, increasing FDA approvals, long product lifecycles, and Tanvex’s integrated access to Bora’ Group’s drug product (DP) fill/finish capabilities, the strategic platform presents a compelling long-term value creation opportunity. While this represents a near-term drag on reported earnings, the Company believes these investments are necessary to position Bora Group for long-term participation in the CDMO market that values quality and OTIF (On Time, In Full) delivery.

Pharma Sales Operations

Pharma Sales operations generated revenue of NT$2.64 billion in the fourth quarter, marking one of slowest quarters since the Upsher-Smith merger. For the full year, Pharma Sales declined 11.30% compared to 2024, excluding the impact of discontinued operations related to delisted products, and accounted for 60.48% of total revenues.

A key leading indicator in specialty pharma is the number of new patients, and across the Vigabatrin franchise, Upsher-Smith continues to demonstrate positive momentum on this front. Upsher-Smith intends to pursue enhanced customer segmentation to further increase salesforce effectiveness in 2026 with investments in key commercial functions and patient access to increase salesforce effectiveness.

Recent Investor Conference

Bora will host an English online earnings call at 9:30 p.m. Taiwan time on Mar. 12th, 2026, followed by an investor conference hosted by Taishin Securities at the Regent Taipei at 2:00 p.m. on Mar. 19th, 2026. Both events will cover the Company’s 2025 financial and business results and 2026 outlook.

English Online Earnings Presentation Link: https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5255333/bora-pharmaceuticals-otcqx-boray-twse-6472

Bora will participate in 2026 Jefferies Asia Forum in March in Hong Kong and an East coast NDR in NYC and Boston. For 1:1 meetings with management, please contact your Jefferies and Sinopac representative.

Bora 2026 Earnings Schedule

Q1 2026: Expected in the 2nd week of May 2026
Q2 2026: Expected in the 2nd week of Aug 2026
Q3 2026: Expected in the 2nd week of Nov 2026
Q4 2026: Expected in the 2nd week of Mar 2027

Hashtag: #Bora

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/bora-delivers-highest-operating-cash-flow-margin-since-2020-enabling-2026-bolt-on-investments-from-a-larger-stronger-platform/

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VinEnergo Hai Phong LNG Power Plant to Use GE Vernova Gas Turbines and Generators

Source: Media Outreach

HANOI, VIETNAM – Media OutReach Newswire – 11 March 2026 – VinEnergo Energy Joint Stock Company, a subsidiary of Vingroup, and GE Vernova in the United States have officially signed a technology selection agreement to supply some of the world’s most advanced gas turbines and generators for VinEnergo’s LNG power plant project in Hai Phong. The event marks an important milestone in realizing the goal of developing VinEnergo Hai Phong into the largest gas-fired power plant in Vietnam, contributing to national energy security and promoting the transition toward a green economy.

Mr. Nguyen Anh Khoa, CEO of VinEnergo (left), and Mr. Eric Gray, CEO of Power segment, GE Vernova, announced the agreement under the witness of Mr. Le Manh Hung, Acting Minister of Industry and Trade and Mr. Scott Strazik, CEO of GE Vernova.

The signing ceremony between VinEnergo and GE Vernova took place during The Energy of Change Summit 2026 in Hanoi, attended by Acting Minister of Industry and Trade Le Manh Hung and more than 400 reputable organizations from the global energy sector. The agreement represents a significant step toward ensuring construction progress and bringing the Hai Phong LNG power plant into operation by the end of 2030.

As a global leader in energy technology with more than 100 years of experience and a strong track record in meeting stringent environmental and operational standards, GE Vernova has been selected by VinEnergo as the core equipment supplier for the Hai Phong LNG power plant. Under the agreement, GE Vernova shall supply two 9HA.02 gas turbines and two H78 generators in phase I, with a capacity of 1600 MW, to ensure the plant can begin operations by the end of 2030.

Nguyen Anh Khoa, Chief Executive Officer of VinEnergo, stated: “Partnering with GE Vernova, a leading global supplier, to deploy the most advanced technologies will not only ensure optimal operational efficiency for the Hai Phong LNG power plant, but also reaffirm our strong commitment to pioneering emissions reduction and building a sustainable green industrial and energy ecosystem.”

Ramesh Singaram, President & CEO, Gas Power, Asia, GE Vernova stated: “We are honoured that VinEnergo and Vingroup have entrusted GE Vernova with a central role in this important project. Through the deployment of the 9HA.02 gas turbine and H78 generator, we are delivering advanced technology that supports lower emissions, industry‑leading efficiency, and reliable large‑scale power generation. This collaboration underscores our commitment to sustainable energy solutions and to supporting Vietnam’s accelerated transition to more sustainable energy.”

The GE Vernova 9HA.02 gas turbine technology is highly efficient, featuring fast startup capabilities and flexible load adjustment, allowing it to respond effectively to continuously fluctuating power demand. With combustion temperatures exceeding 1,400 degrees Celsius, the system significantly enhances power generation efficiency. Notably, the 9HA.02 turbine offers flexible fuel options, capable of burning hydrogen at up to 50% by volume, with a roadmap toward 100% hydrogen in the future, clearly demonstrating its alignment with sustainable energy development goals.

With the official signing of the cooperation agreement between VinEnergo and GE Vernova, the Hai Phong LNG power plant project, developed by a consortium of Vingroup and VinEnergo Energy Joint Stock Company, is expected to begin operations by the end of 2030 as planned and become one of the world’s leading LNG-fueled power plants.

Hashtag: #VinEnergo

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/vinenergo-hai-phong-lng-power-plant-to-use-ge-vernova-gas-turbines-and-generators/

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Mitsubishi Logisnext Asia Pacific Rebrands as Logisnext Asia Pacific, to Strengthen Leadership in Logistics Solutions

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 11 March 2026 – Mitsubishi Logisnext Asia Pacific (MLAP) announced today it will be rebranded to Logisnext Asia Pacific in the future, aligning with the strategic direction set by Mitsubishi Logisnext Co. Ltd. (ML) for its group companies.

This global change will mark a significant step in ML’s ongoing transformation, guided by the “Logisnext Vision 2035”. As part of this process, ML has formed a partnership with Japan Industrial Partners (JIP) as the new strategic partner to support sustainable growth and long-term value creation. Consequently, all group companies will adopt the new company name from 30th of April.

Commitment to Customers
“While our name is changing, our commitment to customers and dealer partners remains unchanged,” said Yasumitsu Baba, Managing Director of Mitsubishi Logisnext Asia Pacific. “We will continue to provide reliable equipment, trusted services, and solutions that drive customer success, while further strengthening our global alignment.”

Global and Regional Strategy
Logisnext operates globally through four regional hubs: Japan, EAME (Europe, Africa, CIS, and Middle East), Americas, and APAC/C/SA (Asia Pacific, China and South Africa). This structure enables the group to reinforce its position as a leading solutions provider in the logistics industry answering to the local customers’ needs.

In line with the rebrand, the global Logisnext group will implement strategic changes to its brand portfolio in the coming years. These are tailored to the specific needs of each region, ensuring the best fit to serve regional markets. Starting with Japan, “Mitsubishi Forklift Trucks” product lines will rebrand to “Logisnext”.

APAC/C/SA Region Update
In the APAC/C/SA region, the “Mitsubishi Forklift Trucks” will transit to “Logisnext Forklifts” in the coming years as part of the rebranding initiative. During this period and beyond, we are committed to continue offering customers the same dependable engineering, innovative equipment and comprehensive solutions, delivered through our dealer partners. Mitsubishi Forklift Trucks is best known for its Reliability, Quality and Value for Money will continue to be with the “Logisnext Forklifts” brand, customers can expect same ownership experience and satisfaction.

Transition and Support
Throughout this transition, MLAP is prioritising stability and consistency for dealer partners and customers. All current support teams and service structures will remain in place, ensuring a seamless process for all stakeholders.

Hashtag: #MitsubishiLogisnextAsiaPacific #LogisnextAsiaPacific #MitsubishiForkliftTrucks #MitsubishiForklifts #LogisnextForklifts

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/mitsubishi-logisnext-asia-pacific-rebrands-as-logisnext-asia-pacific-to-strengthen-leadership-in-logistics-solutions/

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Nelipak Announces Opening of Asia-Pacific Technical Development Center

Source: Media Outreach

New Singapore facility integrates flexible and rigid sterile barrier packaging systems development under one roof to simplify and accelerate package design and speed to market

SINGAPORE – Media OutReach Newswire – 11 March 2026 – Nelipak® Corporation (“Nelipak”), a leading global provider of healthcare packaging solutions, today announced the opening of its new Asia-Pacific Technical Development Center located in Singapore. This new facility establishes an integrated technical development capability in the Asia-Pacific region combining Nelipak’s flexible and rigid sterile barrier packaging design and innovation capabilities under one roof.

(L-R) Roger Prevot, Chairman, Nelipak, Aldin Velic, Vice President and General Manager, Asia-Pacific, Nelipak, Soo Haw Yun, Vice President, Global Enterprises, Singapore Economic Development Board, Pat Chambliss, Chief Executive Officer, Nelipak, Sean Patel, Vice President, Commercial Development, Nelipak

This investment marks a major milestone in Nelipak’s global growth strategy and establishes a permanent technical and innovation presence in one of the world’s fastest-growing medical device innovation and manufacturing hubs. Its strategic location in Singapore offers a launchpad to Asia-Pacific’s medtech and biomedical industries, owing to the country’s strong global connectivity and growing healthcare manufacturing and research capabilities.

The center will enable Nelipak to support customers across Southeast Asia, China, Japan, Korea, India, Australia, and New Zealand. It combines personalized real-time collaboration with Nelipak’s global manufacturing and innovation network to ensure that packaging solutions developed in Asia-Pacific are globally scalable and production-ready.

Designed to enhance how medical device and pharmaceutical companies develop and validate sterile packaging systems, the Asia-Pacific Technical Development Center enables customers to arrive with a medical device concept and leave with a validation ready packaging design and physical samples. For device manufacturers, the benefit is immediate and tangible. Customers can engage directly with Nelipak’s technical experts to co-develop and validate bespoke sterile barrier solutions, streamline iteration cycles and regulatory processes, and accelerate time to market.

The center supports the development of Nelipak’s comprehensive range of custom designed sterile-barrier packaging solutions which integrate both flexible and rigid formats. Its capabilities are also designed to support ISO 11607-compliant development, risk mitigation, and accelerated commercialization for Class I through Class III medical and pharmaceutical devices.

“Asia-Pacific is an important and growing region for global medical device innovation, manufacturing, and consumption,” said Pat Chambliss, Chief Executive Officer of Nelipak. “Our new Asia-Pacific Technical Development Center located in Singapore represents a foundational investment that supports our global customer base while anchoring Nelipak firmly in the Asia-Pacific region. It reflects our ongoing commitment to ensuring customer access to our broad range of flexible and rigid sterile barrier packaging solutions which are widely used globally and have been used extensively in the region for over 30 years.”

“Medical device customers are under enormous pressure to move faster without compromising safety, compliance, or performance,” said Aldin Velic, Vice President and General Manager, Asia-Pacific, Nelipak. “Our goal with this center is simple. Customers walk in with a device and a packaging challenge, and they leave with an engineered packaging solution, prototype samples in hand, and a clear path to development, validation and commercialization. We are replacing distance, delay, and fragmentation with expertise, speed, and collaboration.”

The Asia-Pacific Technical Development Center is equipped to support early-stage concept development, line extensions, material transitions, and risk mitigation projects, including changes driven by sterilization modality, regulatory requirements, or supply chain resilience. By unifying rigid and flexible packaging development in a single location, Nelipak enables holistic and optimized sterile barrier system design rather than isolated and fragmented component development.

“We congratulate Nelipak on the opening of its first Technical Development Center in Asia-Pacific. The new center will enable Nelipak to work closely with pharmaceutical and medical device companies in the region to accelerate product development and launches. The investment is a welcome addition to Singapore’s growing biomedical sciences ecosystem and strengthens our role as a regional hub for medtech innovation,” said Soo Haw Yun, Vice President, Global Enterprises, Singapore Economic Development Board.

This investment builds on Nelipak’s long-standing commitment to innovation, quality, and customer collaboration and reinforces the company’s broader expansion across Asia-Pacific. It also reflects growing demand from global medical device manufacturers for regionally based technical support that meets the same standards of rigor, speed, and expertise available in established Western markets.

https://www.nelipak.com/
https://www.linkedin.com/company/nelipak
https://x.com/nelipak1953

Hashtag: #Nelipak #Healthcare #HealthcarePackaging #MedicalDevices #Pharma

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

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/nelipak-announces-opening-of-asia-pacific-technical-development-center/

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Prudential Singapore launches protection plan to help families navigate their health gap years

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 11 March 2026 – Prudential Singapore (“Prudential”) announced the launch of PRUActive Life V, a comprehensive and customisable whole-of-life protection plan to support Singapore families in preparing for their health gap years – the period when an individual diagnosed with critical illness takes time away from work to focus on recovery. The plan offers multiplied coverage and lifelong protection with critical illness add-ons. It provides one of the widest ranges of coverage at 182 conditions including mental illness conditions.

As Singaporeans see higher incidences of critical illness (e.g. almost 58 per cent increase in stroke patients from 2011 to 2021[1]), many families will experience a serious health episode and the affected family member may be unable to work during their recovery. During this ‘health gap’ period, the resulting income loss creates a strain on household finances, along with additional costs to care for the patient at home.

Many Singaporean households remain unprepared to deal with such a scenario. According to the 2022 Protection Gap Study by the Life Insurance Association of Singapore, there is a 74 per cent protection gap[2] against critical illnesses such as cancer[3], stroke[1], and heart disease[4]. This gap is especially challenging for young families raising children and the sandwich generation caring for both children and ageing parents.

Insurance plans play different roles in supporting families during a serious health event. While hospitalisation insurance covers eligible hospital and treatment bills, critical illness plans pay a lump sum upon diagnosis and families have the flexibility to decide how they want to use the payout.

Ms Toni Fung, Chief Customer and Marketing Officer, Prudential Singapore, said: “Many families think that hospitalisation coverage is sufficient when a serious illness strikes and may overlook the wider financial impact on the household. For young families and the sandwich generation, a critical illness can disrupt income and add caregiving responsibilities that impact household finances. Critical illness coverage is therefore not just personal protection, but family protection, as it provides a lump-sum payout to take care of these additional costs.

“Families should consider critical illness protection early to ensure they have a safety net in place and the peace of mind to focus on recovery during their health gap years. With PRUActive Life V, families have access to a comprehensive protection plan that stands firmly behind them for life, even when the unexpected happens.”

Protection for families during their health gap years

PRUActive Life V, alongside its critical illness add-ons, provides whole life coverage for death, terminal illness, total and permanent disability and critical illnesses. It covers a wide range of 182 conditions ranging from cancer to accidental fracture of spinal column and includes additional payouts for 27 medical conditions e.g. mental illness and juvenile conditions[5].

Families may enhance their coverage up to five times (Multiplier Benefit[6]) up until age 80, to scale protection in tandem with their growing household income and caregiving commitments. There is also Kinship Booster[7], a 10 per cent boost in basic coverage for free when an immediate family member takes up PRUActive Life V.

Besides young families, critical illness protection is also important for singles with caregiving responsibilities for other family members such as elderly parents or siblings. A serious illness can disrupt their ability to work and continue supporting those who depend on them financially or for care.

Added Ms Fung: “Singles may face added pressure on their personal finances and family obligations during a prolonged period of rest as they do not have a spouse to share the burden. Critical illness coverage becomes an important safeguard to help them stay financially resilient while managing their caregiving responsibilities.”

Understanding the hidden costs of health gap years

Families can face significant financial strain when they take time off to recover from a critical illness. In Singapore, a family with young children has an average monthly household income and expenditure of $21,435 and $8,577 respectively.

Consider a 35-year-old father with two young children who contributes $15,000 to the monthly household income. When he suffers a stroke, the father pauses work and that results in a loss in income. Table A outlines additional ‘hidden’ costs[8] that he may face during his health break.

Ms Fung highlighted: “Many families underestimate the significant financial cost of recovery during their health gap years, which can be as much as 3.9 times[9] of one’s annual income based on the assumption of a five-year recovery period. Apart from the disruption to income, families may face ‘hidden’ costs such as caregiving arrangements, home modifications and therapies, as well as the longer-term reality that their insurance options may become limited after a serious illness. These hidden expenses will continue to accumulate and place added pressure to household finances.”

# Examples of ‘hidden’ costs[7] during health gap years
1. Caregiving support e.g. salary of a foreign domestic worker or day nurse, or enrolment in a day care centre
2. Caregiver impact e.g. caregivers/family having to take no-pay leave, paying for convenience services such as meal delivery or childcare help, and mental load
3. Home modifications to support changes in patient’s mobility and motor skills
4. Therapy e.g. physiotherapy, occupational therapy, speech therapy, emotional counselling, Traditional Chinese Medicine etc.
5. Costly drugs and alternative treatments
6. Unforeseen expenses which might come up due to complications arising from the diagnosed critical illness

Table A: Hidden costs of health gap years

PRUActive Life V provides families with comprehensive protection against critical illness to manage financial uncertainties during their health gap years.

Other key features include:

For more information on PRUActive Life V, please refer to: https://www.prudential.com.sg/pal-v

[1] Source: https://www.nuh.com.sg/health-resources/newsletter/envisioninghealth—changing-lives-one-idea-at-a-time/delivering-world-class-stroke-care-and-outcomes

[2] Source: https://www.lia.org.sg/news-room/media-releases/2023/singapore-s-critical-illness-protection-gap-narrows-while-mortality-protection-gap-remains-relatively-unchanged-protection-gap-study-2022/

[3] Source: https://www.healthhub.sg/well-being-and-lifestyle/personal-care/cancer-facts-you-cannot-ignore

[4] Source: https://medicine.nus.edu.sg/wp-content/uploads/2023/05/Press-release_Obesity-will-become-the-most-important-risk-factor-for-heart-attacks-within-3-decades_For-dissemination.pdf

[5] Includes Antley Bixler Syndrome, Sanfillipo Syndrome, Bile acid synthesis disorder, and Pyruvate Dehydrogenase Complex Deficiency

[6] Multiplier Benefit is applicable only if you chose to have this benefit when you purchase the plan. You may choose from Multiplier Benefit factors of 2x, 3x, 4x or 5x and Multiplier Benefit ages of 65, 70, 75 or 80. The Multiplier Benefit factor and the Multiplier Benefit age will apply to PRUActive Life V and its attached Early Crisis Care and Crisis Care supplementary benefits.

[7] Only applies if the life assured is below age 55 when the immediate family bought the policy. It adds an extra 10% of the death and terminal illness sum assured of the life assured’s policy, up to S$100,000.

[8] References: https://www.snsa.org.sg/post/helpful-information-for-stroke-survivors-and-caregivers; https://edge.sitecorecloud.io/agencyforinb6cc-agencyforin73f5-production08ac-d178/media/agency-for-integrated-care/Files/Caregiving-Support/General-Caregiving-Resources/AIC_AB_Senior-MobilityAids_web.pdf

[9] Source: https://www.lia.org.sg/media/3974/lia-pgs-2022-report_final_8-sep-2023.pdf

[10] The income payout option allows you to receive yearly payouts from the surrender value of the policy over a period of 10 years. As such, this option is like partial surrender. Please note that once you begin receiving the yearly payouts, the sum assured and the long-term value of your policy will be reduced.

[11] Subject to a maximum of 1 claim per policy

[12] This benefit is only available when your policy has acquired a surrender value that is equal to at least two years’ of premiums paid. This interest-free loan amount needs to be paid back at the end of the premium deferment period. If the loan amount is not paid back at the end of the premium deferment period, interest will be charged. The Premium Defer Benefit can only be used once per policy.

[13] The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund.

https://www.prudential.com.sg/
https://www.linkedin.com/company/prudential-assurance-company-singapore?originalSubdomain=sg
https://www.facebook.com/PrudentialSingapore/
https://www.instagram.com/prudentialsingapore/

Hashtag: #PrudentialSingapore #CriticalIllness #HealthGapYears

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LiveNews: https://livenews.co.nz/2026/03/11/prudential-singapore-launches-protection-plan-to-help-families-navigate-their-health-gap-years/