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Media OutReach

Alliance Française and Tramplus Join Forces to Celebrate French Culture on Hong Kong’s Iconic Trams

HONG KONG SAR – Media OutReach Newswire – 27 August 2025 – In celebration of French creativity and cultural exchange, the Alliance Française de Hong Kong (AFHK) and Tramplus, a sister company of Hong Kong Tramways, have partnered to launch the Tram Design Competition, transforming one of the city’s most iconic modes of transport into a moving canvas of French-inspired imagination. This initiative marks a new chapter in a long-standing partnership between AFHK and Hong Kong Tramways, who have collaborated for years to bring French cultural events to the streets of Hong Kong—most notably the Hong Kong French Film Festival, which has become a beloved annual tradition of many cinephiles. The Tram Design Competition builds on this legacy, inviting secondary school students to engage with French aesthetics through art and design. The collaboration between AFHK and Tramplus reflects a shared commitment to enriching the learning experience of Hong Kong’s youth through creativity, language, and cultural immersion. By combining AFHK’s 70+ years of expertise in French education and cultural promotion with Tramplus’s innovative approach to community placemaking, the project offers students a unique opportunity to explore French culture in a dynamic and creative format. The competition, themed “Découverte de la Beauté Française” (Discovering French Beauty), invited secondary school students to design tram exteriors inspired by French art, fashion, innovation, and heritage. The winning design, created by Li Pui Hiu from St. Mark’s School, will be unveiled on September 8 at 10:00 am at the Whitty Street Tram Depot, in the presence of Ms. Christile Drulhe, Consul General of France in Hong Kong and Macau. The tram will circulate through the city for four weeks, showcasing the student’s creative artwork to the public. Tramcar Launch Ceremony: Date: September 8, 2025, Time: 10:00 am Venue: Whitty Street Tram Depot Guest of honour: Mrs. Christile Drulhe, Consul General of France in Hong Kong and Macau Forty finalists were selected for their originality and insight, and were invited to participate in AFHK’s French Taster Program on August 14. This initiative complements AFHK’s broader mission to promote French language learning in Hong Kong, especially as the DELF Junior exam becomes the stipulated assessment for French under HKDSE Category C subjects starting in 2025. As the only DELF DALF accredited examination center in Hong Kong, AFHK plays a pivotal role in preparing students for internationally recognized qualifications. This September, AFHK is introducing an exclusive Yearly Beginner Adults Membership offer designed for beginner learners. Students can now access all four sub-levels of the A1 French curriculum for only HK$7,000—less than half the regular price of HK$14,000. The initiative underscores AFHK’s dedication to making French language education more affordable and inclusive for the broader community. Registration is now open, register to enjoy up to 50% off with the Yearly Beginner Adults Membership! Website: https://www.afhongkong.org/en/learn-french/adults-french-classes/regular-group-classes/adults-beginners-a1-enroll/ Hashtag: #AllianceFrançaise The issuer is solely responsible for the content of this announcement. About Alliance Française de Hong Kong Established in 1953, Alliance Française de Hong Kong (AFHK) is the Official and largest language and cultural institution for French in Hong Kong and in Asia with over 6,000 students annually. With our team of 60 qualified native French-speaking teachers, we offer a large range of courses, including workshops, specialized courses, private tuition, workshops, immersion in France etc. The AFHK is the only accredited and official examination centre to conduct all the diplomas issued by the French Ministry of Education such as DELF and DALF, TCF and TCF Canada. (operated by France Education International). Since its establishment, Alliance Française has been dedicated to promotion of French culture by curating and organizing different cultural events with long-term supportive partners including Consulate of France in Hong Kong and Macao, Leisure and Cultural Services Department, UniFrance, Insitut Francais, local theatres, film distributors, sponsors and many others. It organizes major cultural events each year, such as the French Film Festival in November and takes part in numerous programs of Le French May (an initiative co-created by AFHK in 1993), Make Music Hong Kong (from 2018) and the French-Speaking Festival (Francophonie).

Energy & Technology

Malaysia Debt Ventures Okays RM122.65 Million For National Energy Transition Facility

KUALA LUMPUR, Malaysia Debt Ventures Bhd (MDV) has approved RM122.65 million in financing for six technology-driven companies carrying out energy transition projects under the National Energy Transition Facility (NETF). Minister of Science, Technology and Innovation Chang Lih Kang. MDV, operating under the Ministry of Science, Technology and Innovation (Mosti), said part of the financing—RM40.09 million—is earmarked for targeted incentives such as rebates and credit enhancements to lower project costs and improve bankability, subject to MDV’s assessment. Of the six approved companies, five focus on renewable energy solutions like solar and biogas, while one is dedicated to energy efficiency initiatives. Minister of Science, Technology and Innovation Chang Lih Kang emphasized that MDV is strategically positioned to channel funding into impactful energy transition projects. “Mosti will continue to support NETF’s implementation, reflecting the Madani government’s commitment to sustainable development, industry collaboration, and positioning Malaysia as a regional leader in low-carbon innovation,” he said. MDV chairman Wong Chen added that the agency aims to accelerate renewable energy adoption by funding key energy transition projects, contributing to socio-economic progress. “Our priority is delivering tangible results aligned with the National Energy Transition Roadmap’s vision for a low-carbon future and addressing urgent climate challenges,” he noted. MDV plans to finance around 20 to 30 technology projects under the NETF, depending on individual project requirements. These initiatives are expected to cut carbon emissions, create new economic opportunities, and drive sustainable growth in Malaysia.

News

Bolt’s Malaysian HQ: Real or Mirage?

Kuala Lumpur, Malaysia – Controversy is brewing around Bolt Malaysia Sdn Bhd, the company that recently announced the launch of its e-hailing business in the Malaysia. While headlines celebrated another global ride-hailing player entering Malaysia’s competitive mobility scene, questions are now being raised about the legitimacy of its corporate presence here. According to sources, individuals who attempted to visit Bolt Malaysia’s office—listed on its official website as located at the South Tower, Gardens, Mid Valley City—were met with an unexpected response. Upon arrival, the registration desk allegedly informed them that Bolt does not have an office at that location. More worryingly, the same desk staff reportedly said they have had “several” similar encounters, where others—both with and without appointments—had come seeking Bolt Malaysia, only to be told the same: no such office exists here. “We were told straight up that it was a scam, and that this was not the first time people came looking for them,” one visitor told us, speaking on condition of anonymity. The revelation has fueled skepticism about Bolt’s operations, especially given its high-profile announcement just weeks ago. On August 14, 2025, Tech in Asia reported that Bolt had officially launched its business ride-hailing service in Malaysia, positioning itself as a challenger in an already crowded market that includes Grab, AirAsia Ride, and inDrive. The contradiction between its public announcement and the alleged absence of a physical presence at its declared headquarters has sparked questions in the industry: Is Bolt Malaysia a paper company with no real operations on the ground? Why is its official address listed at South Tower if the management there denies its tenancy? Could this be a case of misrepresentation—or a sign of internal disarray in setting up local operations? Bolt, headquartered in Estonia, has been aggressively expanding across markets with its ride-hailing, food delivery, and micro-mobility services. However, its expansion track record has not been without turbulence. In several countries, Bolt has faced regulatory hurdles and pushback from competitors and local authorities. For now, the lack of clarity over Bolt Malaysia’s office raises more questions than answers. While some industry insiders speculate that this could simply be a case of “premature listing” of an intended address not yet finalized, others fear that it signals a deeper problem in how the company is handling its Malaysian rollout. As Malaysia’s e-hailing sector continues to grow—supported by increasing urban demand and post-pandemic mobility recovery—the arrival of new players like Bolt was expected to fuel healthy competition. But with doubts over its local presence, Bolt risks losing credibility before its wheels have even hit the ground. Image source: SME Asia, Hype Malaysia and Malay Mail

Media OutReach

DHL Global Forwarding Adds to Its Asia Pacific’s Life Science and Healthcare Capabilities with Dual-Certified Cold Chain Facility in Malaysia

First forwarder with dual-certified facility within Kuala Lumpur International Airport Free Commercial Zone for 15–25°C and 2–8°C storage, with Good Distribution Practice qualifications Sets new benchmark in pharmaceutical logistics with reefer truck transfers, secure cages, and eco-friendly infrastructure. Strengthens DHL’s network of 37 Air GxP and 12 IATA CEIV Pharma-certified stations across Asia-Pacific, reinforcing its leadership in providing compliant and sustainable healthcare logistics. SINGAPORE – Media OutReach Newswire – 27 August 2025 – To meet the growing demand for temperature-sensitive pharmaceutical logistics, DHL Global Forwarding continues to enhance its cold chain capabilities in Malaysia, being the first forwarder to offer a cold chain facility certified for both 15–25°C and 2–8°C storage within the Kuala Lumpur International Airport (KLIA) Free Commercial Zone. Spanning over 38,000 square feet, the state-of-the-art facility is accorded both the DHL Air GxP certification and the IATA CEIV Pharma certification, delivering unmatched flexibility and regulatory compliance for Life Science and Healthcare customers. DHL Global Forwarding Malaysia Facility Based on the World Health Organization’s Good Distribution and Storage Practices, the DHL Air GxP certification is a baseline requirement across all DHL pharma stations to ensure upholding of stringent quality and compliance standards. Complementing this is the IATA CEIV Pharma certification, a globally recognized standard that validates DHL’s capabilities in handling high-value, time- and temperature-sensitive pharmaceutical shipments. “Malaysia is strategically located to serve as a regional hub for global medical technology companies, and the fast-growing market is expected to increase at a CAGR of 8.5 per cent from 2023 to 2028, reaching a market volume of US$4.5 billion by 2028,” said Praveen Gregory, Managing Director, Singapore, Malaysia and Brunei, DHL Global Forwarding. “Our cold chain infrastructure in KLIA has consistently delivered high standards in pharmaceutical logistics since its launch in 2023, and as demand across Asia Pacific accelerates, we are ready to lead with best-in-class facilities and expertise to support our customers.” Comprehensive solutions to cater to diverse needs and maintain cold chain integrity The facility comprises: Dedicated cold rooms: 1,040 square feet for 15–25°C storage and 504 square feet for 2–8°C storage, supporting up to 105 EU pallets Dual secure cages: Over 2,400 square feet of high-security storage with 24/7 CCTV surveillance and restricted access. Advanced Environment Monitoring System (EMS): 100% automated real-time storage temperature monitoring via a dual system (Testo Saveris and UniBot), with data stored for one year. Eco-friendly infrastructure: R448A refrigerant, food-grade epoxy flooring, airtight doors, and energy-efficient compressors. Operational excellence: 24/7 operations with dedicated customs brokerage and value-added services such as buyer consolidation, cross-docking, and LD3 container charging. Fully temperature-mapped carve-out site: Designated area that has undergone a thorough temperature mapping process, specifically designed to store or handle temperature-sensitive products Dehumidification system: Tailored for pharmaceutical application between the range of 55% to 70%Rh DHL is also the only forwarder in KLIA offering reefer truck transfers from pick-up to terminal arrival and delivery. This service ensures cold chain integrity is maintained throughout the journey and minimizes third-party handling, which in turn reduces turnaround time. It also enhances cargo security and ensures compliance with Good Distribution Practice (GDP) standards. To ensure all shipments are handled with utmost care and in compliance with the highest industry standards, all cold-chain shipments are handled by a dedicated team of Life Sciences Specialists who have completed the training and are certified. These staff undergo annual training to stay ahead of evolving industry requirements, armed with vital tools and knowledge needed to understand and meet both customer and regulatory expectations. In addition to implementing a specialized training program aligned with IATA regulatory standards across its key GxP facilities, DHL’s CIF Certified Life Sciences Specialist (CLSS) program equally provides a comprehensive curriculum of mandatory training sessions, functional courses, and material to build deep expertise in this highly specialized industry. DHL’s commitment to green logistics is also evident in the KLIA facility’s design. The facility is built using CFC- and HCFC-free materials and is fitted with energy-saving compressors and low-noise, low-emission generators. The company is also exploring mobile freezer units capable of operating at -20°C, as well as expanding its service portfolio to include frozen commodities such as vaccines, meat, and industrial chemicals. Asia Pacific: Fast-Growing Strategic Hub for Healthcare Logistics Asia Pacific is rapidly emerging as a global center for pharmaceutical innovation, manufacturing, and distribution. According to an industry trend report by Data Bridge Market Research, the region’s healthcare logistics market is forecasted to grow from USD 17.6 billion in 2022 to USD 29.5 billion by 2030, at a CAGR of 7.1%. This growth is driven by aging populations, rising chronic disease prevalence, and increasing demand for biologics, vaccines, and clinical trials. DHL is uniquely positioned to support this growth, with a robust and strategically distributed cold chain network across Asia Pacific. As part of its Strategy 2030: Accelerating Sustainable Growth, DHL Group has identified Life Sciences and Healthcare (LSH) as a key growth sector and introduced a new “DHL Health Logistics“ sector brand to drive cross-divisional growth. This reflects a broader global trend in which logistics is increasingly recognized as a critical enabler of healthcare access and patient outcomes. Earlier this year, DHL Group also announced a €500 million investment in Life Sciences infrastructure across Asia Pacific, including 300,000 square meters of fully compliant storage in 15 countries – a move that reinforces its regional logistics leadership. Currently, DHL operates 37 Air GxP-certified stations and 12 IATA CEIV Pharma-certified stations in the region, including key hubs in Kuala Lumpur, Singapore, Tokyo, Seoul, Sydney, and Shanghai. These facilities are meticulously set up to meet the highest standards of pharmaceutical logistics, ensuring temperature integrity, regulatory compliance, and operational excellence. Each certified station is staffed by trained Life Sciences Specialists and supported by integrated supply chain capabilities, including temperature-controlled transportation, customs brokerage, real-time shipment monitoring, and post-shipment investigations. As the healthcare industry continues to evolve, DHL remains steadfast in its mission to deliver resilient, compliant, and future-ready logistics solutions. With its expanding footprint, certified expertise, and commitment to innovation, it is well-positioned to

Media OutReach

SY Holdings Launches Asia-Pacific’s First Supply Chain RWA Tokenization on HashKey Chain

SHENZHEN, CHINA – EQS Newswire – 27 August 2025 – SY Holdings Group Limited (“SY Holdings”, stock code: 6069.HK), a leading digital technology firm specializing in AI-driven industrial supply chains, has launched the Asia-Pacific’s first[1] supply chain asset-backed Real World Asset (RWA) tokenization on HashKey Chain, an Ethereum Layer-2 blockchain operated by HashKey Group, Asia’s leading digital asset financial services group. The inaugural tranche has established a shelf quota equivalent to USD100 million, to be issued in multiple instalments under an innovative structure featuring multi-currency offerings and stablecoins subscription. The products are backed by the genuine income streams of high-quality supply chain assets across multiple sectors, including e-commerce, within SY Holdings’ Supply Chain Technology Platform, and have received subscription from international investors. This pioneering RWA tokenization aligns with SY Holdings’ global expansion strategy and its vision to build an AI-powered international supply chain platform, transforming real-world asset certainty into on-chain configurable value. Real World Assets (RWAs) tokenization involves tokenizing physical assets via blockchain, creating standardized, divisible, and traceable digital assets that represent rights or interests in underlying assets. This innovative financial tool leverages blockchain’s decentralization, transparency, immutability, and traceability, combined with global network interconnectivity, to enhance transaction security and transparency. Through structured design, RWA tokenization integrates seamlessly with stablecoin innovations, addressing traditional challenges like unclear ownership, limited liquidity, high transaction costs, and elevated investment barriers. Stablecoins, with their price stability and efficient settlement, serve as a critical bridge between real-world assets and on-chain value flows. They provide a reliable pricing unit, facilitate on-chain transactions, settlements, and profit distribution, and reduce transaction friction and currency risks. By combining supply chain asset-backed RWA tokenization with stablecoin applications, SY Holdings will enhances capital efficiency and lowers financing costs for SMEs while offering global investors compliant, efficient, and credible digital asset investment channels. According to Boston Consulting, driven by demand for stable returns and diversified assets alongside maturing blockchain technology, the RWA market could reach $16 trillion by 2030, becoming a vital link between traditional and digital economies. As a Singapore capital-backed international enterprise, SY Holdings began its global expansion in August 2025, aiming to develop an AI-driven “International Supply Chain Technology Platform.” This platform empowers small and medium-sized enterprises (SMEs) across global supply chains with integrated solutions, including flexible supply chain services, financing, foreign exchange management, and digital enablement. These tools help SMEs scale efficiently into global markets, advancing SY Holdings’ mission to “reshape global supply chains alongside SMEs” and drive a new era of synchronized global growth. The innovative application of RWA tokenization and stablecoins is a cornerstone of SY Holdings’ globalization strategy, significantly enhancing its platform’s light-asset operations and efficiency. By transforming high-quality supply chain assets into standardized, divisible, and traceable digital assets on-chain, SY Holdings will unlock efficient financing channels for SMEs and creates transparent, credible value carriers for assets previously inaccessible to international capital markets. This boosts their appeal to global institutional and Web3.0 investors, revitalizing low-liquidity assets for seamless capital turnover. HashKey Group, Asia’s leading digital asset financial services group with licenses for Exchange, Custody, and Asset Management, provides comprehensive solutions for RWA projects, spanning asset issuance, liquidity provision, and cross-border settlement. User funds are managed throughout by a regulated custodian, ensuring asset independence and security. HashKey Chain, its core blockchain platform, drives compliant and scalable Onchain Finance for financial institutions and RWA tokenization. In this project, HashKey Chain offers SY Holdings a secure, stable, and interoperable blockchain infrastructure, leveraging advanced smart contract standards and modular deployment to enable seamless registration, integration, reconciliation, and circulation of supply chain assets on-chain, ensuring efficient and traceable flows between off-chain and on-chain environments. Additionally, HashKey Group’s HashKey NexaToken provides critical on-chain technical support for this project. Specializing in secure and efficient tokenization of traditional financial assets, HashKey NexaToken delivers an optimized user experience, high-performance and cost-effective design, rapid deployment, and robust security, flexibly addressing the diverse needs of SY Holdings’ supply chain assets to enable swift project execution and efficient on-chain asset circulation. The core objective of this project extends beyond SY Holdings’ successful initial RWA tokenization effort, aiming to validate the compliance and scalability of the entire supply chain asset tokenization process. This lays the foundation for scaling more high-quality international supply chain assets onto SY Holdings’ technology platform and forging deeper connections with Web3.0 capital ecosystems. As strategic partners, SY Holdings and HashKey Group will actively explore pathways to link supply chain assets with global capital, promoting standardized and scalable on-chain asset flows to provide global investors with secure, transparent, and innovative digital asset investment opportunities. “We are excited to partner with HashKey Chain to launch the Asia-Pacific’s first supply chain RWA tokenization project, driving the global tokenization of supply chain assets and accelerating their integration with Web3.0 technologies. Moving forward, SY Holdings will harness its deep expertise in digitalizing and intelligently managing supply chain assets to expand into the Web3.0 space, reducing reliance on traditional issuer credit enhancements and bridging gaps in transactional transparency within the Web3.0 ecosystem. By fully mapping authentic, sustainable, and verifiable supply chain assets onto the blockchain and leveraging stablecoins’ ‘payment-as-settlement’ efficiency, we can better empower SMEs in global industrial supply chains. This opens new avenues for global investors to access credible supply chain asset investments. SY Holdings is committed to collaborating with ecosystem partners to build an open, compliant, and mutually beneficial Web3.0 ecosystem, strengthening real-world industries through digital innovation and delivering sustainable value for SMEs and global investors,” SY Holdings stated. Note[1]: Reference data from the RWA.xyz platform as of August 27, 2025 Hashtag: #SYHoldings The issuer is solely responsible for the content of this announcement. About HashKey Chain HashKey Chain is the preferred blockchain for financial institutions and RWA tokenization, dedicated to promoting compliant and scalable Onchain Finance. As a compliance-friendly blockchain infrastructure, HashKey Chain provides a secure and transparent on-chain environment for institutions. HashKey Chain inherits Ethereum’s decentralized security while enhancing transaction efficiency through high-performance optimization, ensuring on-chain asset stability and traceability. Its low-cost solution offers minimal Gas fees

Energy & Technology

CelcomDigi Allocates RM4.6bil In Capital Expenditure For 1H25

PETALING JAYA: CelcomDigi Bhd has invested a total of RM4.6bil capital expenditure (capex) out of its RM10bil investment commitment during the first five years post-merger as of the first half of this year (1H25), says chief executive officer Datuk Idham Nawawi. He said the total capex investment includes undergoing integration exercises to modernise the network for the past two and a half years since the merger of Celcom and Digi. CelcomDigi Bhd chief executive officer Datuk Idham Nawawi. Idham noted the results of this investment have created more job opportunities in the country’s digital and telecommunications ecosystem, through the construction of 18,000 network sites, 10,000 resellers and nearly 400 branded stores nationwide. “We are going to integrate all our IT systems. We have modernised 84% of our network and are in the middle of our IT consolidation and integration exercise,” he told the media after the launch of CelcomDigi’s CD:NXT flagship initiative at the CelcomDigi hub here yesterday. Earlier in his opening remarks, Idham said CD:NXT is the company’s long-term initiative over a period of eight to 10 years to produce over 5,000 young digital talents with the aim of providing a platform for young Malaysians to become capable digital leaders. “What we offer is not just ordinary artificial intelligence training, or something that can be learned from books or in a classroom – but practical experience and exposure in a very dynamic industry. “We estimate this initiative to be worth more than RM100mil, with a much larger and more meaningful economic multiplier effect on the country’s digital economy,” he said.

Investment & Market Trends

Malaysian Heir Targets US$200mil Fundraising For Private Market Ventures

PETALING JAYA, Iris Capital Partners, an investment firm backed by the heir to a prominent Malaysian fortune, is looking to raise US$200 million from institutional investors as it broadens its scope in private markets. Managing partner Rachel Lau, daughter of the late Lau Boon Ann — a real estate magnate and early investor in Top Glove Corp — said the new fund will focus on private credit and private equity opportunities. Rachel Lau is the daughter of the late Lau Boon Ann, who built his fortune in real estate and was an early investor in Top Glove Corp. “Relying solely on family money is not sustainable in the long run,” Lau said. “You need more permanent capital from insurance companies, pension funds, and sovereign wealth funds.” Founded in 2020, Iris currently manages assets supported by a mix of family capital, which makes up about 25%, and third-party institutional investors for the remainder. Anchor backers include Kim Dong-won of South Korea’s Hanwha Group family and Malaysia’s sovereign wealth fund. For Lau, the push into private credit marks a strategic shift from her earlier venture capital bets through RHL Ventures, which she co-founded in 2016 with Raja Hamzah Abidin — son of former Malaysian politician Raja Nong Chik — and Jojo Kong, whose family founded Nirvana Asia Ltd. Now leading a 15-member team, Lau plans to acquire majority stakes of 50% to 80% in international companies and support their expansion into Southeast Asia, particularly Malaysia and Indonesia. A recent example includes an investment in biotech company Mirxes Holding Co, which listed in Hong Kong in May. Compared with family offices, Lau said institutional investors are more straightforward to deal with. “They’re focused on financial returns without the emotional element,” she noted, while declining to disclose Iris’s overall assets or her family wealth. Her earlier venture capital firm, RHL, began with US$50 million from several influential Southeast Asian families before attracting sovereign funds, banks, and insurance companies. Past investments include Singapore-based rewards app Perx and Los Angeles merchandise startup Sidestep, which had Beyoncé among its reported backers. Lau, who holds a Master of Law from the University of Sydney and was previously a vice-president at Heitman Investment Management managing US$4 billion in equity strategies, also represented Malaysia in rhythmic gymnastics. She now sees Iris as a vehicle to move away from the volatility of venture capital. “Venture in Asia has been rough. For us, private credit and private equity offer clearer rules and stability, and we intend to gradually reduce our venture exposure,” Lau said.

Investment & Market Trends

PNB Unit Plans RM6b Sukuk Issuance To Fund Merdeka 118 Development

KUALA LUMPUR, PNB Merdeka Ventures Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has unveiled plans for an Islamic medium-term notes programme worth up to RM6 billion, to be issued under the Merdeka Sukuk Wakalah. In a statement, the company said the funds raised will be utilised to refinance existing sukuk as well as to secure fresh capital for the continued development of the Merdeka 118 precinct. “As part of our commitment to sustainability, we have enhanced our sustainable finance framework to ensure alignment with the latest guidelines. The updated framework expands the range of eligible projects and gives us flexibility to issue diverse sustainable finance instruments,” PNB Merdeka said. The sukuk programme will be jointly arranged by CIMB Investment Bank Bhd and Maybank Investment Bank Bhd. PNB Merdeka CEO Tengku Ab Aziz Tengku Mahmud said the issuance will strengthen the financial foundation of the project while optimising funding costs. “We believe this programme will not only support the progress of Merdeka 118 but also reinforce its position as a landmark that embodies national pride and sustainable growth,” he said. The Merdeka 118 Tower, the centrepiece of the precinct, continues to establish itself as a premier business destination in Kuala Lumpur, with current office occupancy at around 70%. The tower has already attracted a mix of leading corporates, including financial institutions and multinational companies. Complementing the office space, the seven-storey 118 Mall is set to become a lifestyle destination with retail, dining, and entertainment offerings. Nearly 70% of its space has already been taken up ahead of its official opening. MARC Ratings Bhd has assigned a preliminary rating of AAAIS with a stable outlook to the Merdeka Sukuk Wakalah programme, underscoring the project’s strong credit standing and long-term potential.

Media OutReach

Tanoto Foundation Develops Impactful Future Leaders at Tanoto Scholars Gathering 2025

SINGAPORE – Media OutReach Newswire – 27 August 2025 – High unemployment among educated youth and a lack of leadership readiness are significant challenges on Indonesia’s path to its “Golden Indonesia 2045” vision. Data from Statistics Indonesia (BPS) in February 2025 indicated a national open unemployment rate of 4.76%, with 7.28 million people unemployed. Alarmingly, the unemployment rate for university graduates is even higher at 5.25%. This gap highlights that academic qualifications alone are insufficient for the demands of the modern workforce and future leadership roles. To address this, graduates need to have not only technical competence but also strong soft skills, leadership abilities, a collaborative spirit and robust social awareness, especially in today’s volatile, uncertain, complex and ambiguous (VUCA) world. Tanoto Foundation, an independent philanthropic organisation that catalyses systems change in education and healthcare founded by Sukanto Tanoto and Tinah Bingei Tanoto in 1981, is committed to nurturing university graduates to become impactful future leaders through its flagship TELADAN (Transforming Education to Produce Future Leaders) Programme. The TELADAN Programme provides scholarships to undergraduate students from 10 partner universities in Indonesia. What distinguishes the TELADAN Programme is its structured leadership training provided to its recipients, known as Tanoto Scholars, from their second to eighth semesters to enhance their leadership and soft skills. Tanoto Scholars Gathering 2025: To Learn and To Lead A key component of the TELADAN Programme is the Tanoto Scholars Gathering (TSG), an annual forum that brings together Tanoto Scholars from across Indonesia to learn, network and strengthen their leadership capabilities. This year’s TSG was held from July 24 – 26, 2025 at the RAPP Complex in Pangkalan Kerinci, Riau. The event was attended by 291 Tanoto Scholars from 10 partner universities: IPB University, Diponegoro University, Gadjah Mada University, Brawijaya University, Universitas Indonesia, University of North Sumatra, Bandung Institute of Technology, Hasanuddin University, Mulawarman University, Riau University, and Andalas University. Through the theme, “Learn & Lead: Becoming the Champion of Good”, Tanoto Scholars were encouraged to embody impactful and sustainable leadership. Benny Lee, CEO of Tanoto Foundation, stated that the TSG aims to shape scholars into role models. “The core value we instil is that every Tanoto Scholar must be a role model for doing good. This philosophy of creating a positive impact is a legacy from our founders, Mr. Sukanto Tanoto and Mrs. Tinah Bingei Tanoto,” he said at the opening ceremony. “As future leaders, Tanoto Scholars must not only be examples but also lead others to do good. They have a responsibility to bring progress to society.” Eduward Ginting, Chief Operating Officer of RAPP, who also opened the event, urged the scholars to become impactful leaders. “You are champions selected through a rigorous process. As chosen students, you must create an impact not only in your immediate surroundings but also on a broader scale for Indonesia,” said Eduward. During her session at the start of TSG 2025, Veronica Tan, Deputy Minister of Women Empowerment and Child Protection, emphasised the importance of a positive mindset. “You must feed yourselves with things that build you up. Surround yourselves with a positive environment and supportive people,” she advised. “Intellect is important, but conscience is even more so. A sharp mind without a good character is useless. Therefore, be leaders with a conscience who bring positive impact to others”. In his session, Professor Brian Yuliarto, Minister of Higher Education, Science, and Technology, called the university years a “golden time” for building networks, character and life vision. He shared 12 characters for success, including strong desire, self-belief, specialised knowledge, imagination and persistence. “We need smart people who produce breakthroughs that change the quality of life for society. They must be not just competent, but also relevant and contributive,” he concluded. Adding another perspective, Angkie Yudistia, CEO of Thisable Enterprise, shared her inspiring journey of creating opportunities amid challenges. She recounted how losing her hearing at a young age motivated her to rise up and become a sociopreneur. Angkie urged the scholars to become future leaders who possess empathy, self-awareness and a strong commitment to equality and collaboration. The TSG 2025 activities were designed to be immersive. Scholars participated in an industrial visit to a business group of the Royal Golden Eagle (RGE) – also founded by Sukanto Tanoto – to learn firsthand how a sustainable business is built and developed. They also engaged in an experiential leadership workshop and outbound activities to hone their teamwork, quick decision-making, and problem-solving skills. The overall goal is to equip Tanoto Scholars with relevant soft skills and a leadership mindset, preparing them to create a positive impact in any field they enter. A Model for Leadership Development: The TELADAN Programme Demonstrating its ongoing commitment, Tanoto Foundation’s TELADAN Programme offers a holistic leadership development model for students at its partner universities in Indonesia. This comprehensive scholarship goes beyond financial aid by providing structured training to build critical soft skills. The programme also provides support for its scholars to participate in international competitions, internships, and research projects. Upon graduation, scholars join the global Tanoto Foundation alumni network, which spans across Indonesia and the world. Since 2006, the foundation’s scholarship programmes have benefited 8,559 students as of 2024. Hashtag: #RGE #RoyalGoldenEagle #TanotoFoundation #TELADAN #Education #Leadership #GoldenIndonesia2045 #SocialImpact https://www.tanotofoundation.org The issuer is solely responsible for the content of this announcement. About Tanoto Foundation At Tanoto Foundation, we unlock human potential, help communities thrive, and create lasting impact. Founded in 1981 by Sukanto Tanoto and Tinah Bingei Tanoto, we are an independent family foundation that believes in providing every person with the opportunity to realise his or her full potential. To do so, we catalyse systems change in education and healthcare. Our approach is impact-first, collaborative and evidence-based. We invest for the long term and strive to develop leaders who can drive sustained, positive outcomes. More information is available at www.tanotofoundation.org.

Media OutReach

TCMA leads Thai cement industry to reaffirm climate action leadership towards Net Zero 2050 at 2025 TCMA Technical Conference and Exhibition

BANGKOK, THAILAND – Media OutReach Newswire – 27 August 2025 – Thai Cement Manufacturers Association (TCMA) successfully hosted its flagship event, the “2025 TCMA Technical Conference and Exhibition” from 21-22 August 2025 at Hotel La Casetta by Toscana Valley, Khao Yai. The event brought together key figures from the Thai cement industry, global organizations, and leading innovators/ technology providers to exchange insights and strengthen collaboration to accelerate decarbonization in cement industry towards net zero 2050. The two-day conference, with theme ‘Decarbonization Technology: Advancing the Cement Industry towards Net Zero 2050’ underscored the industry’s commitment to ‘determined collaboration’ on the path towards Net Zero 2050, its experience can inspire the region and beyond. The Power of Collaborative Action Dr. Chana Poomee, Chairman of TCMA emphasized that the 2025 TCMA Technical Conference and Exhibition reflected the continuing effort of cement industry in decarbonization path, including marked a significant collaborative action among all stakeholders in the country and global partnerships towards Net Zero 2050 and a sustainable future with leaving no one behind. The conference highlighted the latest technologies, innovations, products, and solutions to support the industry’s low-carbon transition, included: – 1) Alternative Fuel & Material Innovation 2) Digital & AI Strategic Transformation 3) Decarbonization & Green Technologies, and 4) Advancing Towards Net Zero 2050, as well as tangible global progress in Carbon Capture, Utilization, and Storage (CCUS). The transition to Net Zero represents more than carbon reduction, but also significant opportunities for job creation, income generation, innovation, industrial development, and strengthened country competitiveness, with vital to success is cross-sector cooperation. TCMA extended its gratitude to global partners who presented their perspectives, fostering collaboration across all levels, including representatives from 10 countries, innovators and technology developers across the world who showcased state-of-the-art carbon reduction technologies, innovations, products, and solutions. Leading Global Organizations Join Forces Mr. Zhao Jie, Chief of the Regional Bureau for Asia and the Pacific, United Nations Industrial Development Organization (UNIDO), delivered the opening keynote address, noting that “Achieving Net Zero is a formidable challenge. The key enablers can be highlighted: – clear, long-term policy signals and government commitment to provide a stable investment environment, technology collaboration to accelerate innovation, minimize costs and share knowledge, enabling market conditions to create sustained demand for low-carbon products, particularly through Green Public Procurement, and green financing mechanisms. UNIDO commends TCMA’s leadership in advancing the cement industry’s transition to Net Zero 2050 and stands ready to support its efforts.” A panel discussion ‘From Integration to Implementation’ followed, with contributions from Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH by Mrs. Insa Illgen, Programme Director, Thai-German Cooperation Energy Mobility Climate, World Business Council for Sustainable Development (WBCSD) by Mr. Joe Phelan, Executive Director Asia Pacific & Member of the Extended Leadership Group, ASEAN Federation of Cement Manufacturers (AFCM) by Dr. Chana Poomee, AFCM President, and Asian Development Bank (ADB) by Mr. Christopher J. Best. The representatives from GIZ, WBCSD, AFCM, and ADB agreed that TCMA’s leadership has been instrumental in driving the industry’s collective progress with continued support to all organizations in line with their respective mandates. With a clear framework in the Thailand 2050 Net Zero Cement and Concrete Roadmap and multilateral collaboration, domestically and internationally, Thailand is well-positioned to serve as a role model on industry decarbonization and inspire the regional and beyond. Bridging the Knowing–Doing Gap, Advancing to Net Zero 2050 In closing, Dr. Chana Poomee, Chairman of TCMA stressed that enabling the transition to Net Zero 2050 strongly require not only knowledge but also the continuing of collaborative meaningful action at all levels, including the importance of timely investment in advanced technologies that will help reduce long-term costs, leveraging the potential of each sector for co-creation value, establishing efficient capital allocation mechanisms to drive the entire system e.g. the energy transition from fossil to renewable or low-carbon energy by utilizing agricultural waste and maximizing domestic resources to strengthen the industrial sector. “The 2025 TCMA Technical Conference and Exhibition highlights the industry’s priorities: adopting advanced technologies, securing green financing, and leveraging collaborative action among all stakeholders in the country and global partnerships to meet shared goals. This will enable Thailand’s cement industry to achieve Thailand 2050 Net Zero Cement and Concrete Roadmap and inspire other industries in the regional and beyond on decarbonization.” Dr. Chana concluded. Hashtag: #TCMA #สมาคมอุตสาหกรรมปูนซีเมนต์ไทย #ThaiCementClimateAction #TCMAtoNetZero2050 The issuer is solely responsible for the content of this announcement.

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