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Media OutReach

BJAK Launches 9.9 Campaign to Reward Users with Exclusive Prizes

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 August 2025 – BJAK, Malaysia’s leading insurance comparison platform, has launched its 9.9 Mega Giveaway. Running from 25 August to 9 September 2025, the campaign invites Malaysians to sign up with BJAK for a free vehicle insurance quote and stand a chance to win exclusive lifestyle and tech prizes, while reinforcing the importance of timely protection. BJAK 9.9 Mega Giveaway Participants can expect coveted rewards, including the Kawasaki Ninja ZX-25R, Sony BRAVIA 8 65” Mini LED TV, Samsung Galaxy Z Flip7, Nintendo Switch 2, Marshall Stanmore III Bluetooth Speaker, and more. Winners will be announced on 10 September 2025. How to Join BJAK 9.9 Mega Giveaway: Visit BJAK.com Get a free insurance quote Select your preferred giveaway prize As an exclusive reward, customers who renew specifically on 9 September 2025 will also receive a FREE BJAK VIP Rescue Plan, which includes unlimited towing and an extended engine & gear warranty. The campaign is further amplified with BJAK’s new jingle MV “BJAK BJAK Hei”, featuring Shaheizy Sam, Mekyun, and Arwind Kumar, adding a fun, relatable twist to insurance renewal. The BJAK 9.9 Mega Giveaway is part of the ‘Ini Baru BJAK’ campaign, showcasing BJAK’s mission to provide Malaysians with VIP protection, great savings, and exciting rewards. It’s an initiative to help Malaysians make informed decisions and enjoy the perks of staying insured. For more information and participation, visit BJAK.com. Hashtag: #BJAK99Mega #BJAKVIP #IniBaruBJAK http://BJAK.comhttps://www.facebook.com/bjak.bm/https://www.instagram.com/bjak.my/ The issuer is solely responsible for the content of this announcement. About BJAK BJAK is Malaysia’s #1 insurance comparison and renewal platform, helping millions of drivers secure the best coverage in minutes. Partnering with leading insurers, BJAK offers transparent pricing, flexible payments, and exclusive perks like VIP roadside assistance and unlimited towing – delivering convenience, value, and peace of mind to every driver.

Media OutReach

Grade A Offices: Tenant Advantages Deepen with Greater Flexibility and Choice Greater China Top Office Supply/Demand Trends

HONG KONG SAR – Media OutReach Newswire – 28 August 2025 – Cushman & Wakefield, a leading global real estate services firm, today released its annual Greater China Top Office Supply/Demand Trends report. According to the report, at the end of Q2 2025, the total Grade A office inventory in the core markets of the 20 major cities in Greater China we track totaled 72.1 million sq m. In the meantime, total premium core city office net absorption across the Greater China market for the H1 2025 period reached 0.76 million, a 5.5% y-o-y increase. Of the six major cities in the region — comprising the tier-1 city group, Hong Kong, and Taipei — Taipei registered the lowest vacancy rate at 7.9%. As for the tier-2 city group, Qingdao recorded the lowest vacancy rate at 24.7%. The supply/demand rundown for 20 city core area-level markets in Greater China (Q2 2025) Source: Cushman & Wakefield Research Shaun Brodie, Head of Research Content, Greater China, Cushman & Wakefield said, “For tenants, the Grade A office market continues to present opportunities, with vacancy rates and rental levels remaining favorable. With landlords adopting a more flexible approach amid the gradual economic recovery, occupiers can continue to benefit from attractive leasing terms and greater choice in the market.” Jonathan Wei, President, Project and Occupier Services, China, Cushman & Wakefield, commented: “In the next two or three years, there will be a peak in supply in most of the major cities in the Chinese mainland region. Landlords will need to continue to strengthen their market competitiveness to attract tenants.” Beijing New Grade A office supply in Beijing in 2024 reached 273,000 sq m, a 55% decrease compared with the full-year 2023, making it the lowest new supply level of the past decade. No new supply entered the Beijing office market in H1 2025, with total Grade A office stock unchanged at 13.68 million sq m for the first half of 2025. From 2024 to H1 2025, softening rental levels, large leasing deals, and pre-leasing at new entrants boosted citywide net absorption to surpass the previous period performance, reaching 511,967 sq m, up 51.9% y-o-y. The overall office market vacancy rate trended down 1.8 percentage points from the Q4 2023 level to 16.87%. No new supply is scheduled to enter the Grade A office market in H2 2025. We expect the market to continue to digest existing stock, in turn further pulling down the overall vacancy rate. Landlords’ room for rent concessions is approaching a limit, and the overall market is now in a bottoming-out phase. We expect overall office rents to stabilize by the end of 2025. Shanghai From 2024 to H1 2025, approximately 1.34 million sq m of high-quality office space launched in the Shanghai Grade A office market, with 56% of the area located in emerging districts. Over the past six quarters, the Shanghai Grade A office market recorded average quarterly net absorption of 132,266 sq m. The professional services, retail & trade, and TMT sectors were active in leasing, accounting for the top three sectors for leased area. As at Q2 2025, the vacancy rate rose to 23.6%. In turn, the average monthly rental level fell 8.2% y-o-y to RMB 212.6 per sq m. From H2 2025 to 2027, Shanghai will see 2.58 million sq m of new supply enter the market, representing 14.6% of current stock, with emerging business districts becoming the main supply hubs. Additionally, favorable policy measures for both demand and supply are being implemented, accelerating innovation in strategic emerging industry fields such as integrated circuits, biomedicine, and AI, optimizing spatial layouts, and injecting new momentum into the office market. Shenzhen Shenzhen’s Grade A office market welcomed 516,000 sq m of new supply from Q1 2024 through to Q2 2025, bringing citywide total stock to 8.60 million sq m. The new supply was distributed in Qianhai, Luohu and Futian. Citywide net absorption for 2024 contracted 57.9% y-o-y to record 165,000 sq m. Citywide net absorption in H1 2025 expanded y-o-y but remained at the similarly low level for the same period in the past decade. The citywide overall vacancy rate has risen 1.7 percentage points since the end of 2023 to reach 27.8%. The Q2 2025 monthly average rental level dropped 14.1% from Q4 2023 to record RMB160.1 sq m. Approximately 1.2 million sq m of new supply is scheduled to enter the market in the H2 2025 period. The overall vacancy rate is expected to continue to rise, and rents will face downwards pressure in the short- term. With the ongoing development of AI, we anticipate that the Grade A office market will see incremental demand growth driven by the further emergence of high-quality technology sector firms. Guangzhou From the beginning of 2024 to the second quarter of 2025, new office projects totaling 441,713 sq m of space were completed. Citywide total stock then expanded to 6.94 million sq m. Delayed deliveries have reduced supply in 2024 compared to 2023, although accelerated construction in the Financial City district led to a resurgence of supply in the first half of 2025. Compared to the end of 2023, the market has experienced a rise in lease inquiries. Occupiers continue to view renovation and fit-out expense incentives as key factors when looking to sign a new lease. Domestic enterprises remain the key drivers of transaction activity, with TMT, professional services, and finance firms, the top three sectors for leased area citywide. Ahead, 2.39 million sq m of new space is expected to enter the market by 2027. Headquarter-type properties will account for more than half of the new supply. Market demand continues to evolve, with vacancy rates and rental levels remaining under pressure amid fierce competition. Chengdu From 2024 through to H1 2025, Chengdu saw 287,554 sq m of new Grade A office space enter the market, expanding citywide total stock to 3.38 million sq m. Grade A office net absorption reached 67,468 sq m for the 2024 to H1 2025

News

Shell Indonesia’s Fuel Supply Dries Up Amid Retail Business Exit

JAKARTA, Shell Indonesia said on Wednesday that several of its gasoline products are currently unavailable at stations nationwide due to limited supply, just months after the company announced plans to exit its fuel retail business in the country. President Director Ingrid Siburian confirmed that Shell Super, Shell V-Power, and Shell V-Power Nitro+ are out of stock at multiple outlets, with no date set for restocking. She added that Shell stations remain open, continuing to sell Shell V-Power Diesel as well as providing lubricant sales and workshop services. “We are working to ensure stable fuel distribution in coordination with the Ministry of Energy and Mineral Resources,” Ingrid said in a statement. Energy Minister Bahlil Lahadalia noted that the government has already raised fuel import quotas for private firms. “All private companies received the same quota as in 2024, with an additional 10 percent,” he said, stressing that national energy security remains safeguarded by Pertamina. The shortages come as Shell advances its planned divestment from Indonesia’s fuel retail sector. On May 23, parent company Shell plc agreed to sell its network of around 200 gas stations—including 160 company-owned outlets—to a joint venture between Citadel Pacific Limited and Indonesia’s Sefas Group. The deal, expected to close next year, will not affect Shell’s other businesses in Indonesia, such as its lubricant operations, a grease production facility under development in Marunda, its Gresik fuel terminal, and its 300-million-liter-per-year blending plant. The Shell brand will continue under licensing agreements, with the company supplying fuel to business partners and consumers. The divestment is part of Shell’s global strategy to streamline its downstream portfolio and focus on higher-return assets.

Energy & Technology

Danantara, GEM To Develop $1.4 Billion HPAL Nickel Facility

JAKARTA, Indonesia’s sovereign wealth fund Danantara announced Wednesday that it has signed a Head of Agreement with Shenzhen-based GEM Limited to jointly develop a High-Pressure Acid Leach (HPAL) smelter with an annual production capacity of 66,000 tons of nickel. The project is valued at around $1.42 billion. GEM, a global leader in green metallurgy and circular economy solutions, is well known for large-scale recycling of electric vehicle (EV) batteries and electronic waste. Danantara CEO Rosan Roeslani said the partnership represents a major step in supporting Indonesia’s socio-economic transformation. “By working with a global pioneer in green metallurgy, we can help advance the government’s agenda for sustainable downstream mineral industrialization,” he said. The project is also expected to involve Vale Indonesia and other international partners. Each year, GEM processes more than 10% of China’s used EV batteries and e-waste, with a workforce of over 11,000 employees across China, South Africa, South Korea, and Indonesia. In Indonesia, the company has already invested in nickel-based new energy materials, industrial parks, research labs, and scholarship programs to develop metallurgical talent. GEM has also contributed $30 million to a joint research laboratory with the Bandung Institute of Technology (ITB), aimed at strengthening Indonesia’s role as a regional hub for green metallurgy innovation and R&D.

Investment & Market Trends

JD.com Unit, Partners Plan Over $1 Billion Singapore

SINGAPORE/HONG KONG, The property arm of Chinese e-commerce giant JD.com, together with two investment partners, is planning to launch a Singapore-based real estate investment trust (REIT) that could be valued at more than $1 billion, according to two people familiar with the matter. JD Property, JD.com’s unlisted infrastructure investment and asset management arm, is working with Swiss private equity firm Partners Group and EZA Hill Property, which is backed by Asian investment firm Hillhouse, the sources said. The REIT could be listed on the Singapore Exchange as early as next year, making it one of the largest new listings in the city’s REIT sector in over a year. If completed, it would also highlight the growing role of Chinese capital in Southeast Asia. The move follows JD Property, Partners Group, and EZA Hill’s recent purchase of four logistics assets from CapitaLand Ascendas REIT for S$306 million ($239 million). The properties are expected to form part of the REIT’s portfolio, which will mainly focus on industrial and logistics assets in Singapore and across Southeast Asia. The three firms are finalising the REIT’s asset mix, with plans to complete the structure by October. The eventual valuation will depend on the portfolio size, the sources added. EZA Hill, one of the partners, is backed by Rava Partners, the real assets investment arm of Hillhouse, which has been actively acquiring logistics and industrial properties in the region. JD Property, majority-owned by JD.com, has been expanding internationally over the past three years and now operates more than 50 projects across nine countries, including Japan, Indonesia, and the United Arab Emirates. The company has also raised funds alongside global investors such as Singapore’s GIC and Abu Dhabi’s Mubadala. Meanwhile, JD Property is still pursuing a separate Hong Kong IPO, first filed in March 2023, though approval has yet to be granted. The Singapore REIT market has seen few new listings in recent years due to higher interest rates and economic uncertainty. But signs of recovery have emerged, including the recent IPO of NTT DC REIT, the largest since 2021, and a rally in Singapore’s benchmark stock index.

Lifestyle

Sukoshi To Launch New York’s Largest Asian Beauty Store

NEW YORK, North America’s leading Asian beauty retailer, SUKOSHI, is set to make waves in New York City with the opening of its newest location this September. Situated at 1542 Third Avenue on the Upper East Side, between 86th and 87th Streets, the store will be the largest Asian beauty destination in the city, redefining the retail experience for skincare and cosmetics enthusiasts. Founded in 2018, SUKOSHI has played a pivotal role in driving the K-beauty and Asian beauty movement across North America. The upcoming New York store will be its 15th outlet, with the company on pace to surpass 20 locations by the end of 2025. Its rapid expansion is anchored by a focus on cutting-edge skincare consultations, exclusive launches, and immersive in-store experiences. Upcoming openings at Lenox Square, Aventura Mall, King of Prussia, and Bellevue Square further demonstrate SUKOSHI’s momentum in capturing prime U.S. retail markets. Looking ahead, the brand plans to open 40 additional stores by 2026, cementing its position as a major player shaping the future of Asian beauty in the West. Unlike mainstream retailers where K-beauty shelves remain limited, SUKOSHI offers a curated and extensive collection of over 200 Asian beauty brands. Its assortment goes beyond fleeting trends, emphasizing high-performance products and time-tested skincare solutions that deliver lasting results. By blending discovery with authenticity, SUKOSHI has established itself as the go-to destination for both new innovations and cult classics. In addition to retail, SUKOSHI is evolving into a brand accelerator, providing a launchpad for emerging Asian beauty labels to scale across North America. Through its community-driven approach, SUKOSHI offers partner brands premium retail space, influencer collaborations, pop-up activations, and distribution opportunities. This has made the retailer a trusted bridge between niche discoveries and mainstream recognition. SUKOSHI has already secured exclusive North American debuts for two highly anticipated beauty labels — RED CHAMBER and Girlcult, both of which will roll out in 2025 across SUKOSHI locations. This move underscores the retailer’s role as a trendsetter and market leader, introducing breakthrough Asian beauty concepts to U.S. consumers. “Asian beauty isn’t just a passing wave; it’s reshaping the global beauty landscape,” said Linda Dang, CEO of SUKOSHI. “Our mission is to champion the visionary brands behind this movement while creating spaces where discovery, education, and community make beauty more meaningful for everyone.” With its largest store yet, SUKOSHI is not only elevating the Asian beauty retail experience in New York but also cementing its influence as a cultural and commercial force across North America.

Media OutReach

VinFast delivers Lạc Hồng fleet for international leaders at Vietnam’s 80th National Day celebration

HANOI, VIETNAM – Media OutReach Newswire – 28 August 2025 – VinFast has officially handed over a special fleet of Lạc Hồng 900 LX vehicles, built to serve international heads of state, to Vietnam’s Ministry of Foreign Affairs at the celebration of the 80th anniversary of Vietnam’s National Day (September 2, 1945 – September 2, 2025). The Lạc Hồng 900 LX is a limited-edition flagship model that embodies Vietnam’s cultural heritage and national pride, symbolizing the “Fierce Vietnamese Spirit.” The vehicle is offered in two variants, including an armored edition certified to the VPAM VR7 standard – the world’s most stringent protection levels for state leaders’ vehicles. Inspired by the Vietnamese legend of the “Descendants of the Dragon and Fairy” (Con Lạc cháu Hồng), the Lạc Hồng 900 LX reflects the capability, intelligence, and aspirations of the Vietnamese people in the new era. Every design detail blends cultural legacy with global standards. Both variants, Standard and Armored, feature a commanding and luxury presence with a 3,349 mm wheelbase and exterior details celebrating Vietnam’s heritage: a gold-plated logo shaped like the mythical Lạc bird, a grille reminiscent of Đông Sơn bronze drums, and parallel grille bars symbolizing Vietnam’s iconic bamboo groves. The cabin is crafted with premium materials such as Golden Nanmu wood, Nappa leather, and genuine gold detailing. Every gold-plated element inside and outside the vehicle is handcrafted with meticulous precision. The interior offers world-class comfort with extra-wide executive seating, premium footrests, a soundproof glass partition, electric curtains, and an advanced intercom system between the front and rear cabins. The Armored Edition is developed in partnership with INKAS Armored Vehicle Manufacturing (Canada), a leading global name in armored car, features reinforced and fully-armored bodywork, bullet-resistant glass, and an armored rear partition. The vehicle underwent rigorous testing at Beschussamt Ulm (Germany), enduring 440 live rounds and 11 explosive blasts from beneath and above the vehicle. Certified to VPAM VR7, it can withstand NATO Ball M80 rifle ammunition and DM51 grenades. Additional safety and emergency features include run-flat tires capable of driving 80-100 km after puncture, optional onboard oxygen supply, integrated fire suppression system, satellite phone, warning lights, and sirens, etc… depending on mission requirements. The first fleet of Lạc Hồng 900 LX delivered to Vietnam’s Ministry of Foreign Affairs includes two Armored units and ten Standard units, affirming the vehicles’ quality, safety, and craftsmanship at the highest international level. Mr. Nguyễn Việt Quang, Vice Chairman and CEO of Vingroup, stated: “After eight years in the automotive industry, VinFast is proud to have become a pioneering brand that brings Vietnamese excellence, intelligence, and technology to the world, earning the trust and recognition of customers in many countries. With the launch of the Lạc Hồng 900 LX, we reaffirm our role as a national brand that elevates Vietnam’s position on the global stage. Through this model, we hope the world will see a modern and developed Vietnam that has had a remarkable journey during the past 80 years.” The debut of this special vehicle line, rich in national identity, at the historic celebration of the 80th anniversary of Vietnam’s National Day, is a powerful declaration of Vietnamese spirit, intelligence, and class. Every movement of the Lac Hong 900 LX serves not only as proof of the country’s industrial and technological achievements after 80 years of independence, but also as a national symbol, helping to shape a new position for Vietnam on the international stage./. Experience the Lạc Hồng 900 LX: The Lạc Hồng 900 LX will be on display at the exhibition “80 Years of Independence – Freedom – Happiness” from August 28 to September 5, 2025 at the National Exhibition Fair Center (Đông Anh, Hanoi). Visitors can view the tested Armored Edition at Vingroup’s outdoor pavilion (West Square) and the Standard Edition at the indoor exhibition hall H3, Kim Quy Pavilion. https://vinfastauto.com/vn_en Hashtag: #VinFast The issuer is solely responsible for the content of this announcement.

Energy & Technology

Taihan Cable Secures 220 Bln Won Contracts In Qatar

SEOUL, Taihan Cable & Solution Co., South Korea’s second-largest cable manufacturer, announced that it has secured major contracts in Qatar with a combined value of 220 billion won (US$158 million), further strengthening its foothold in the Middle East power infrastructure market. Right side photo – provided by Taihan Cable & Solution Co. on Aug. 26, 2025, shows one of the company’s construction sites in the Middle East. In an official statement, the company confirmed that it has received a letter of award from Kahramaa, Qatar’s state-owned electricity and water authority, for a large-scale turnkey project worth 180 billion won. The contract involves expanding the Gulf nation’s transmission network to enhance power stability and support its long-term infrastructure plans. Additionally, Taihan revealed that earlier this month, it was awarded another project worth 40 billion won, also in Qatar, to build a high-voltage power grid designed to accommodate the country’s rising electricity demand, driven by economic growth and rapid urban development. These latest wins reflect Taihan’s growing partnership with Kahramaa, which dates back to 2008. Over the years, the company has consistently participated in numerous projects commissioned by the Qatari utility provider, showcasing its ability to compete effectively against leading global cable makers in one of the world’s most competitive energy markets. A Taihan spokesperson highlighted the significance of the contracts, noting that the Middle East continues to see a sharp rise in demand for power transmission and distribution infrastructure as governments invest heavily in energy diversification and urban expansion. “As demand for power infrastructure continues to grow throughout the Middle East, including Qatar, we will continue to strengthen our portfolio and expand into next-generation solutions such as high-voltage direct current (HVDC) cable systems and submarine cable projects,” the company said. The new projects not only reinforce Taihan’s position in the Middle East but also align with its global strategy to expand its market presence beyond traditional cable supply into advanced energy infrastructure solutions.

Media OutReach

XTransfer Hosts “2025 TradeVision Summit”

Announces “Export Purchasing Manager Index” of China B2B Export Outlook Remains Positive in July 2025 HONG KONG SAR – Media OutReach Newswire – 28 August 2025 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, successfully held “XTransfer TradeVision Summit 2025” in Guangzhou, an annual grand event of the Chinese foreign trade industry. Organised by XTransfer and supported on-site by multiple international financial institutions, including ICBC, Bank of China, Deutsche Bank, and OCBC Bank. More than 3,000 representatives from foreign trade enterprises, factories, and trading companies across the country gathered to discuss global trade trends and new opportunities in emerging markets. XTransfer Founder & CEO, Bill Deng, speaks at “XTransfer TradeVision Summit 2025”. During the event, XTransfer Founder & CEO Bill Deng stated, “Trade disputes between China and the US have evolved into global trade disputes, yet China’s SMEs in foreign trade have shown great resilience and innovation, actively exploring non-European and non-U.S. markets. Emerging markets, such as those in Africa, have become new blue oceans for exports, offering vast business opportunities due to demographic dividends and infrastructure needs. XTransfer is also actively expanding in emerging markets, providing fast, secure, and affordable cross-border payment services to both Chinese and local foreign trade enterprises. XTransfer now serves over 700,000 clients worldwide and is leading a mobile payment revolution in cross-border B2B trade. In the next five years, we aim for tenfold growth, at which point the mobile payment revolution will be largely complete.” XTransfer Releases July 2025 “Small and Medium Enterprises (B2B) Merchandise Export PMI Index” of China At the summit, XTransfer released the July 2025 “Small and Medium Enterprises (B2B) Merchandise Export Purchasing Manager Index” of China (referred to as the XTransfer PMI), the first index initiated by the private sector to focus on export trends in China’s foreign trade industry. Data shows that the XTransfer PMI for July 2025 recorded 52.4%, above the 50% threshold, reflecting continued positive export momentum and strong resilience among SMEs. The survey found that African countries posted the highest export PMI, making them the new blue ocean for SME overseas market expansion, with “New Three” export categories showing outstanding performance. The XTransfer PMI is derived from a sample survey of over 2,500 foreign trade SMEs drawn from a pool of more than 700,000 on the XTransfer platform. This survey encompasses 28 major export provinces and 148 cities across China, providing an authoritative reference for the industry. The index analyses various aspects of the export process, including procurement, sales, logistics, personnel, and capital. It aims to assist SMEs in forecasting trends and optimising their business strategies. SMEs Showcase Resilience Amid Positive Export Environment Looking at the sub-indices of the XTransfer PMI, the three key indicators reflecting overall SME export performance, namely the Export Orders Index, Export Price Index, and Capital Turnover Index, all remain well above the 50% threshold. This indicates a strong and stable export environment for SMEs. African Countries Record Highest Export PMI; Emerging Markets in Asia, Africa, and Latin America Show Strong Performance Among different export destination countries/regions, the Export PMI for African countries reached the highest (53.7%). Especially in the Export Orders Index, African countries far outperformed other areas, with Ghana and Nigeria standing out. As demand from the U.S. market declines, Africa, with its demographic advantages, significant infrastructure needs, and evolving consumer markets, has emerged as a promising opportunity for SMEs seeking to expand overseas. In addition, the Export Orders and Price Index for SMEs in ASEAN, Africa, and Latin America demonstrated a strong performance, reflecting the continued efforts of SMEs to develop in emerging markets. XTransfer helps foreign trade companies efficiently expand into emerging markets in Asia, Africa, and Latin America by providing localised cross-border payment solutions. Working with local banks and financial institutions in Nigeria, Ghana, Brazil, South Africa, and other countries, XTransfer has launched Local Currency Accounts, supporting settlements in over 30 currencies, including the Nigerian Naira, Ghanaian Cedi, Brazilian Real, and South African Rand. This enables buyers to pay directly via local payment systems, reducing intermediaries and FX losses. The “New Three” Categories Lead Export Growth The export product structure is further optimised, with mechanical and electrical products, base metals, and textiles remaining the backbone. The “New Three” products, represented by lithium batteries, new energy vehicles, and solar cells, have performed exceptionally well, with the Export Price Index significantly higher than the overall market. Lithium batteries and new energy vehicles have seen both volume and price increases, and export destinations are becoming increasingly diversified. Southeast Asia has become a major export destination for the “New Three” products, with significant growth in exports of electric vehicles and batteries to Vietnam, Thailand, Malaysia, and other ASEAN countries. European policies promoting reduced carbon emissions and renewable energy have also driven demand for related products. Meanwhile, infrastructure demand in Latin America and Africa presents significant market potential for these categories. Customer interviews reveal that SMEs remain highly resilient amid global uncertainty and increasing competition, responding to challenges through product innovation, service upgrades, and diversified market layouts, and actively expanding into emerging markets beyond traditional markets in Europe and the US. Hashtag: #XTransfer #PMI #TradeVisionSummit #Crossborder #Payment #SMEs https://www.xtransfer.comhttps://www.linkedin.com/company/xtransfer.cnhttps://x.com/xtransferglobalhttps://www.facebook.com/XTransferGlobal/https://www.instagram.com/xtransfer.global The issuer is solely responsible for the content of this announcement. About XTransfer XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide. By cooperating with well-known multinational banks and financial institutions, XTransfer

News

Ranju Alex Named CEO Of Accor South Asia To Lead Regional Expansion

Ranju Alex has been appointed Chief Executive Officer for South Asia at Accor, bringing with her over three decades of hospitality leadership experience. She most recently served as Regional Vice President for South Asia at Marriott International, where she oversaw 170 hotels. Alex began her career with The Oberoi Group in 1993 before moving to Marriott, where she held several senior roles over the years. Her industry achievements have also been recognized with the prestigious Bharat Gaurav award. “We are delighted to welcome Ranju to the Accor and InterGlobe family. She brings extensive experience, proven leadership skills, and a strong professional network. We are confident she will help us build a leading hospitality platform in South Asia,” said Gaurav Bhushan, Chairman of the proposed Accor–InterGlobe joint venture. Commenting on her new role, Alex said: “I am excited to join Accor, which has one of the most diverse and dynamic portfolios of brands in the region. It is an honor to take on this role and drive the Group’s vision in South Asia.” Her appointment comes as Accor deepens its collaboration with InterGlobe, announced earlier this year. The joint venture, subject to regulatory approvals, will consolidate their hospitality businesses into a single structure and accelerate the Group’s expansion in the region.

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