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Media OutReach

Woh Hup Reaffirms Its Heritage and Culinary Legacy with Modern Innovations

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Honouring Tradition: The Noodle Craft That Started It All SINGAPORE – Media OutReach Newswire – 25 August 2025 – From humble Chinatown beginnings to global recognition, Woh Hup has been a cornerstone of Singapore’s culinary heritage for nearly nine decades. Established in 1936, the brand’s journey began with a dedication to crafting quality noodles before expanding into sauces—most notably the iconic Oyster Sauce—that continue to shape family kitchens across Singapore and beyond. Discover delicious meals with Woh Hup’s exciting flavours today. Continuing this 89-year journey of taste and tradition, Woh Hup’s accolades include being featured in the National Heritage Board’s “50 Made in Singapore Products” (2015) and named Top Influential Brand in Sauces (2018, 2023). Building on this proud legacy, Woh Hup introduces China Flavour Instant Noodles series—a modern innovation inspired by time-honoured regional tastes. The series features three distinct variants that bring authentic Chinese flavours to your table: Dried Shanghai Scallion Oil Noodles (rich and savoury), Dried Sichuan Pepper Noodles (hot and flavourful), and Dried Shanxi Spicy Oil Noodles (aromatic and spicy). Developed for today’s health-conscious consumers, these noodles are non-fried, cholesterol-free, and trans fat-free, offering a guilt-free yet flavourful dining experience. Ready in minutes, the series adapts perfectly to Singapore’s fast-paced lifestyle without compromising on taste. Now available at major retail outlets across Singapore, the new China Flavour series reaffirms Woh Hup’s position as a trusted homegrown brand—one that continues to honour tradition while inspiring modern tastes. Discover these exciting new flavours and explore our full range at wohhupfood.com. Hashtag: #WohHup #HeritageFoods The issuer is solely responsible for the content of this announcement. About Woh Hup Since 1936, Woh Hup has pioneered the crafting of high-quality Asian sauces, bringing the classic flavours of Asian cuisine to kitchens worldwide. With a legacy of dedication and a passion for delicious food, Woh Hup remains a trusted name in culinary excellence. Specializing in Asian classic sauces, Woh Hup Food offers a signature range that includes traditional Southeast Asian favourites such as Shiitake Mushroom Vegetarian Oyster Flavoured Sauce, Oyster Sauce, Hainanese Chicken Rice Paste and Dried Chilli Shrimp Instant Noodles. These localized products empower both home cooks and professional chefs to prepare familiar classics or explore new culinary creations with ease. www.wohhupfood.com Winning Over The World On Heritage As a global corporate citizen, Heritage Foods Group shares the responsibility to identify and respect what the world demands in terms of taste and flavour. Our products have gone beyond their home shores and are now used in kitchens around the world from the UK to Australia and from Singapore to Scandinavia.

News

New E-commerce Law To Distinguish Affiliates From Online Sellers

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KUCHING, A new bill to regulate e-commerce will introduce clearer definitions for all parties involved, including online marketing affiliates, to ensure fairer and more comprehensive rules, said Deputy Minister of Domestic Trade and Cost of Living Fuziah Salleh. She said talks with industry players highlighted the need to separate affiliates from sellers, as current laws treat them the same. The e-commerce bill, expected to be tabled in March, will close gaps in existing laws and better protect the rights of all involved, said Fuziah Salleh. “Affiliates don’t own the products — they only promote them. So, consumers shouldn’t hold affiliates accountable like sellers. The new framework will ensure fairness for all,” Fuziah said after a legal review session on e-commerce. The bill, expected to be tabled in the Dewan Rakyat in March, will officially recognise affiliates as a separate category. This move will close gaps in existing laws, strengthen consumer protection, and ensure clearer responsibilities in the e-commerce space. She added that defining each party’s role will boost transparency, accountability, and create a fairer marketplace. E-commerce has also seen a surge in complaints — 14,211 in 2023, 10,486 in 2024, and 4,809 recorded up to July 31 this year. Most involved undelivered goods, misleading ads, counterfeit products, and sellers using fake identities. Fuziah stressed these figures highlight the urgent need for stronger, updated legislation to protect both consumers and businesses.

News

Wipro Shares In Spotlight After $375m Purchase Of HARMAN’s Digital Unit

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BENGALURU, Shares of Wipro Ltd came into focus after the Indian IT services giant announced it will acquire the digital engineering business of HARMAN International for $375 million in an all-cash deal. The acquisition, Wipro said, is aimed at strengthening its capabilities in digital engineering, cloud, and connected products, further positioning the company as a strategic partner to global enterprises undergoing large-scale digital transformation. HARMAN, a wholly owned subsidiary of South Korea’s Samsung Electronics Co Ltd, is known for its expertise in automotive technology, consumer audio, and connected services. Its digital engineering division provides product design and development services to clients across industries, including consumer technology, healthcare, and communications. By integrating HARMAN’s digital engineering team, Wipro will gain access to deep domain knowledge, talent, and client relationships, significantly enhancing its ability to compete in high-value digital engineering projects. “This acquisition will bolster Wipro’s capabilities in building intelligent connected experiences and accelerate our growth in the digital engineering space,” the company said in a statement. Analysts noted that the move reflects a broader trend of Indian IT majors deepening their presence in the digital engineering market, which is projected to grow rapidly amid rising demand for cloud-native, AI-driven, and connected product solutions. Wipro’s stock reacted positively in early trade following the announcement, with market participants closely watching how the integration of HARMAN’s digital unit will impact its revenue trajectory in the coming quarters. The deal is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.

Investment & Market Trends

Bank Negara’s International Reserves Rise 0.6% To US$122bil As Of Aug 15

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KUALA LUMPUR, Bank Negara Malaysia’s international reserves rose to US$122 billion as of Aug 15, up from US$121.3 billion on July 31. According to the central bank, the reserves are sufficient to cover 4.8 months of imports of goods and services and equal to 0.9 times the country’s short-term external debt. The international reserves of Bank Negara Malaysia rose to US$122.0 billion as at Aug 15, from US$121.3 billion on July 31.  Of the total, US$108.4 billion is held in foreign currency assets, while the rest comprises US$5.9 billion in special drawing rights, US$4.1 billion in gold, US$1.3 billion with the International Monetary Fund, and US$2.3 billion in other reserve assets. Bank Negara explained that the short-term external debt mainly involves borrowings by resident banks for foreign currency liquidity operations, as well as loans taken by multinational companies and foreign banks from their parent firms abroad. “These obligations are usually settled through external asset holdings and do not create claims on Bank Negara’s reserves,” the central bank said.

News

Hibiscus Petroleum Inks Deal With PetroVietnam For Block 46/13 Output

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PETALING JAYA, Hibiscus Petroleum Bhd, through its wholly-owned unit Hibiscus Oil & Gas Malaysia Ltd, has entered into an agreement with PetroVietnam Exploration Production Corp Ltd (PVEP), the operator of Block 46/13 PSC offshore Vietnam. The agreement will allow production from Block 46/13 to be tied into and processed via the existing facilities under the PM3 Commercial Arrangement Area (CAA) Production Sharing Contract, which are operated by Hibiscus. In its Bursa Malaysia filing, Hibiscus said the deal will make better use of available capacity at the PM3 CAA PSC facilities, while setting out a commercial framework for managing production handling and cost allocation related to Block 46/13. The company added that the arrangement is expected to enhance operational efficiency and strengthen collaboration between the two parties, although no financial terms of the agreement were revealed.

Energy & Technology

Ricoh Hong Kong Launches InnoAI Program And Opens AI Center At Cyberport

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HONG KONG, Ricoh Hong Kong has launched the Ricoh InnoAI Program and set up the Ricoh InnoAI Center at Cyberport to support the growth of AI startups. The program will start with over HK$50 million in funding and provide local companies with access to advanced AI technology, business development support, and funding opportunities through the Ricoh Innovation Fund. Ricoh Hong Kong Announces Launch of Ricoh InnoAI Program. The new InnoAI Center will serve as Ricoh’s international AI hub, offering office space, technical resources, and collaboration opportunities for startups. The center will also connect Hong Kong enterprises with global markets, helping them expand internationally. Ricoh will support around 50 startups each year, providing mentorship, marketing, and sales resources to help commercialize their AI products. The program will also use Ricoh’s own AI technology, including enterprise large language models (LLMs) and AI-powered tools, to help businesses develop safer and more efficient AI solutions. Cyberport, home to more than 350 AI and data-focused startups, will work with Ricoh to strengthen Hong Kong’s AI ecosystem. This includes access to Cyberport’s AI Supercomputing Centre, which offers high-performance computing to support AI research and development. Ricoh said the initiative will not only accelerate the growth of local startups but also enhance Hong Kong’s position as a global hub for AI and innovation.

Property

SkyWorld Banks On RM483mil Unbilled Sales For FY26

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KUALA LUMPUR, SkyWorld Development Bhd is banking on RM483.1mil in unbilled sales as at June 30, 2025, to drive its performance in FY26, supported by progressive revenue recognition from ongoing projects and sales of completed units. The property developer also plans to roll out new projects with a combined gross development value (GDV) of over RM2bil in Kuala Lumpur and Penang during the financial year ending March 31, 2026. SkyWorld Development Bhd chief executive officer Lee Chee Seng. “We are confident these upcoming launches will strengthen sales performance and keep us on track to achieve our RM4.6bil project launch target by end-2026,” said CEO Lee Chee Seng in a statement. For the first quarter ended June 30, SkyWorld’s net profit plunged 71.5% to RM2.8mil, or 0.29 sen per share, while revenue fell 24.5% to RM74.6mil. As of June 30, the group maintained a healthy financial position, with gross gearing at 0.57 times, net gearing at 0.12 times, and cash reserves exceeding RM300mil. “Despite economic headwinds locally and globally, the board remains cautiously optimistic of delivering stable financial and operational results in FY26,” it said.

Energy & Technology

Amazon To Pour More Than $5 Billion Into New AWS Cloud Region In Taiwan

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TAIPEI, Amazon Web Services (AWS), the cloud computing arm of Amazon.com Inc, has announced plans to invest more than US$5 billion (RM23.5 billion) over the next 15 years to establish a new cloud region in Taiwan. The investment underscores Taiwan’s growing importance as a digital hub in Asia, with AWS aiming to support the island’s innovation-driven economy, technology ecosystem and data sovereignty needs. The new AWS Asia Pacific (Taipei) Region will comprise three Availability Zones, each with independent power, cooling and physical security, enabling customers to build highly reliable and resilient applications. Amazon said the development will empower local businesses, start-ups, public sector agencies, and educational institutions to run workloads and securely store data within Taiwan, meeting growing demand for cloud services in areas such as artificial intelligence, big data analytics, e-commerce, and financial services. “The new AWS Region in Taiwan will bring world-class cloud infrastructure closer to our customers, offering them greater choice and flexibility,” said Prasad Kalyanaraman, Vice President of Infrastructure Services at AWS. Taiwan’s Ministry of Digital Affairs welcomed the announcement, noting that the move is aligned with the country’s push towards digital transformation, cybersecurity enhancement, and fostering innovation in its semiconductor-driven economy. Industry analysts said the investment could further solidify Taiwan’s position as a strategic hub in the Asia-Pacific technology landscape, while also creating opportunities for talent development and local supply chain growth. AWS currently operates 105 Availability Zones across 33 geographic regions globally, with several more under development in countries including Malaysia, Thailand, and Israel. The Taiwan expansion comes at a time of intensifying competition among global cloud providers, as Microsoft, Google, and Alibaba Cloud also expand their footprints across Asia to tap into surging demand from enterprises and governments embracing digitalisation.

Investment & Market Trends

Kim Hin Chairman’s Bid To Privatise Company Falls Through Despite Extended Deadline

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KUALA LUMPUR, Kim Hin Industry Bhd’s chairman, Chua Seng Huat, and his family have failed in their attempt to privatise the ceramic tile maker after their takeover bid closed without meeting the required threshold. The offer to buy out minority shareholders at 85 sen per share closed with the family holding a total of 68.34% or 95.84 million shares, including 8.1 million shares (5.78%) gained through valid acceptances. Another 0.11% is pending verification, according to UOB Kay Hian (M) Sdn Bhd on behalf of the offerors. However, this fell short of the 90% ownership level needed to trigger a compulsory acquisition of the remaining shares. Before the offer, the family already controlled 62.25% or 87.3 million shares. The deadline for the voluntary takeover offer had already been extended by a week, from Aug 15 to Aug 22. Independent adviser New Paradigm Securities Bhd had earlier urged minority shareholders to reject the bid, calling it “not fair and not reasonable.” It noted that the 85 sen offer significantly undervalued Kim Hin, being RM2.25 or 72.58% below its estimated value of RM3.10 per share, and also below its net asset value of RM1.88 per share. Despite Chua’s stake increasing to 67.87% by Aug 15, Kim Hin’s public shareholding spread dropped to 24.22%, below the minimum 25% required under Bursa Malaysia’s Main Market Listing rules. The company stated it would address the shortfall if necessary after the offer’s closure. Kim Hin’s shares closed at 83 sen on Friday, down 1.5 sen or 1.78%, giving the company a market value of RM128.4 million.

Energy & Technology

Vena Group Broadens Real Estate Presence Across Asia-Pacific

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Singapore-based Vena Global Group Pte Ltd is ramping up its renewable energy presence across Asia-Pacific, securing 1.1 gigawatts (GW) of new offtake contracts and construction capacity so far in 2025. This pushes its overall contracted and construction (OCC) portfolio to 9.7 GW. The OCC portfolio is spread across key markets: 2.4 GW in Japan, 2.4 GW in North Asia-Pacific (South Korea, Taiwan, and Australia), 3.8 GW in Southeast Asia (Philippines, Singapore, Malaysia, Indonesia, and Thailand), and 1.1 GW in India. Vena said it will fast-track its construction program this year, with 2.4 GW of new projects kicking off in addition to 1.2 GW already underway, bringing its active construction portfolio to 3.6 GW—nearly four times its average over the past three years and its largest to date. To fuel this expansion, the company plans to grow its Green Fund partnerships, widening both their scale and regional coverage. Originally launched in 2019 with Japan’s Hikari LPS, the platform has since attracted institutional investors into Vena’s high-performing renewable assets while allowing the group to retain equity ownership and operational control. Beyond renewables, Vena also recently launched Vena Nexus, its green digital infrastructure platform focused on integrated power and AI-ready data centers, which now has a pipeline of 3 GW IT capacity in Japan and Southeast Asia. “We are excited to accelerate our green portfolio and strengthen Asia’s energy independence and decarbonization goals,” said Nitin Apte, CEO of Vena Group. “This growth reflects our long-term commitment to sustainability and innovation.”

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