Author name: admin

News

Sime UMW Allocates Up To RM375mil For FY26 Spending

PETALING JAYA, Sime Darby Bhd’s subsidiary Sime UMW, formerly known as UMW Holdings Bhd, plans to increase its capital expenditure (capex) to RM375mil for the financial year ending June 30, 2026 (FY26), up from about RM300mil in FY25. Although the group has a diversified portfolio spanning automotive, equipment, manufacturing, engineering and aerospace, around 85% of Sime UMW’s earnings are derived from its automotive division. Sime UMW managing director Datuk Mustamir Mohamad. Sime UMW holds a 38% stake in Perusahaan Otomobil Kedua Sdn Bhd (Perodua), alongside Daihatsu Motor Co Ltd (25%), MBM Resources Bhd (20%), Permodalan Nasional Bhd (10%) and Mitsui & Co Ltd (7%). Daihatsu is wholly owned by Toyota Motor Corp. The group also owns 51% of UMW Toyota Motor Sdn Bhd, which manufactures and sells Toyota vehicles in Malaysia, with the remaining 49% held by Toyota and its affiliate. According to managing director Datuk Mustamir Mohamad, most of the additional capex will be channelled into launching new Toyota models and facelifts. Perodua’s development pipeline includes a B-segment sport utility vehicle, similar to Thailand’s Yaris Cross, targeted for 2026, and a full model change for the Myvi in 2027. Perodua’s first electric vehicle (EV) is set to debut by year-end with an estimated price of around RM80,000. Mustamir noted that battery costs remain high at about 50% of total vehicle cost, and the company is working with an overseas engineering partner (separate from Daihatsu) to address this. Further details will be revealed in October. Initial EV production is projected at 6,000 units annually. On the government’s planned rationalisation of the RON95 fuel subsidy, Mustamir said the move is unlikely to affect Perodua significantly as about 85% of its customers fall within the B40 and M40 income groups, who will remain eligible for subsidies. He added that some T15 consumers may shift to smaller cars for fuel savings, which could benefit Perodua, while others may opt for Toyota’s hybrid offerings. Currently, incentives for fully imported (CBU) EVs are scheduled to end by late 2025. While Perodua exports CBU units to markets including Brunei, Sri Lanka and Indonesia, export volumes are less than 1% of domestic sales due to persistent local demand. The company’s order backlog has eased from over 100,000 units to around 80,000, but Perodua continues to prioritise Malaysian buyers. The Malaysian Automotive Association forecasts total industry volume (TIV) to normalise to about 780,000 units in 2025 from a record 817,000 units in 2024. However, Mustamir expects 2025 sales to be closer to 800,000 units, with sustained demand of between 800,000 and 850,000 units in subsequent years. On exports, Mustamir said margins are thinner due to higher logistics and set-up costs, as well as local content requirements for completely knocked down (CKD) units. Nonetheless, Perodua has long-term plans to expand its overseas presence. Sime completed its RM5.84bil acquisition of Sime UMW in 2024, after buying a 61.2% stake from Permodalan Nasional Bhd for RM3.57bil in 2023, followed by a mandatory general offer for the remaining 38.8% at approximately RM2.27bil.

Media OutReach

DHL Express Tops the List in the Best Workplaces™ in Hong Kong for the Second Time

DHL Express has received “The Legends” recognition, awarded to companies maintaining their position on the Best Workplaces list for ten consecutive years HONG KONG SAR – Media OutReach Newswire – 11 August 2025 – DHL Express, the world’s leading international express service provider, is proud that it has been ranked number one on the list of Best Workplaces in Hong Kong by the Great Place to Work Institute for the second consecutive time. Additionally, DHL Express Hong Kong has received “The Legends” recognition, awarded to companies that have been listed for 10 consecutive years, making it the only company to earn this distinction this year. This achievement underscores the company’s commitment to fostering a dynamic, supportive, and inclusive workplace culture where every employee feels valued and empowered. “DHL Express is deeply honored to be recognized as the top company on the Best Workplaces List in Hong Kong for the second time,” said Andy Chiang, Senior Vice President and Managing Director for Hong Kong and Macau, DHL Express. “Creating the best workplace for all is our priority. By creating a supportive, motivating work environment, we foster a sense of belonging that allows each person to thrive. Their unique perspectives and contributions fuel our success and help us stand apart in the industry.” Commitment to a great workplace for all DHL Express is dedicated to creating a workplace where every individual feels valued and respected. The company organizes various “Diversity, Equity, Inclusion, and Belonging” activities throughout the year to cultivate an inclusive culture that embraces diverse perspectives. Additionally, new joiners benefit from streamlined and digitized onboarding experiences, allowing them to access essential information and resources before starting. The Career Marketplace serves as DHL’s internal one-stop shop for career development, providing personalized job and learning recommendations based on employees’ skills and aspirations, ensuring they have tailored growth opportunities. To enhance employee health and wellness, DHL Express Hong Kong has offered on-site health screening and health talks on different topics to the employees to enhance their health awareness. Also, employees’ healthcare benefits are enhanced to fit employees’ needs. Transparent communication is a cornerstone of DHL’s workplace culture. Employees participate in the annual “Employee Opinion Survey,” offering a platform for anonymous feedback, while regular small group meetings facilitate direct communication and engagement to address specific concerns effectively. With this deeper level of employee engagement, DHL Express is well-positioned to continue its legacy of excellence, ensuring high standards of service for both employees and customers. DHL Express’s Great Place to Work® achievement in Hong Kong repeatedly reinforces its position as a leading employer and sets a benchmark for workplace excellence in the region. The company will continue its efforts to create an attractive working environment for employees, where outstanding performance is met with appreciation and respect. Great Place To Work® (GPTW) is the global authority on workplace culture. Its Great Place To Work For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming certified or receiving recognition on a coveted Best Workplaces™ List. This year, employees of DHL Group in 128 countries had the opportunity to participate in the survey. The external survey captures employees’ workplace-related experiences and evaluates them based on the Trust Index across five dimensions: credibility, respect, fairness, pride, and camaraderie. Only those companies with the best results make it onto the World’s Best Workplaces™ list. This year, 21 companies in Hong Kong were honored, achieving an impressive average score of 91.18 percent, a testament to the hard work and commitment of all employees. Starting in 2026, the logistics company will no longer be evaluated by individual business units globally but will be certified as DHL. As part of the company’s commitment to becoming an Employer of Choice, DHL Group emphasizes creating a safe and positive work environment, competitive benefits, and fostering employee development and inclusion. Dr. Thomas Ogilvie, Chief Human Resources Officer of DHL Group, stated: “We want to be a great company to work for all. Participating in the GPTW survey provides us with detailed insights about our strengths and our areas of improvements also by comparing our results with those of other leading companies. This recognition is important for employer branding and significantly contributes to our perception as an attractive employer.” Hashtag: #DHLExpress https://www.dhl.com/hk-en/home/press.htmlhttps://www.linkedin.com/company/dhl-express-hong-kong/https://www.facebook.com/DHLExpressHongKonghttps://www.instagram.com/dhlhk/ The issuer is solely responsible for the content of this announcement. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”. DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

Media OutReach

Ascott Expands Resort Portfolio with Multi-Typology Brand Strategy to Tap on Rising Leisure Travel Demand

11 new signings across high-demand travel markets in Asia and the Middle East bring portfolio to about 50 properties in sought-after resort destinations globally New additions span multiple brands across Phuket (Thailand); Bali and Labuan Bajo (Indonesia); Phu Quoc, Nha Trang, Cam Ranh and Sam Son (Vietnam); Gangneung (South Korea); and Marjan Island, Ras Al Khaimah (UAE) SINGAPORE – Media OutReach Newswire – 11 August 2025 – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is scaling its global resort footprint through asset-light expansion. Riding on growing demand for experiential stays, Ascott now has around 50 properties in resort destinations in operation and under development worldwide, supported by 11 new signings in the past 10 months secured via management and franchise agreements. These represent about 5% of its global portfolio of over 1,000 properties, reflecting a strategic focus on the fast-growing leisure segment[1]. This momentum is driven by Ascott’s multi-typology brand strategy, which adapts well-loved brands such as Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection and The Unlimited Collection for resort settings. This approach enables efficient scaling in high-potential destinations while fulfilling lifestyle aspirations of its growing Ascott Star Rewards membership and delivering brand-led solutions that drive long-term value for property owners. Capitalising on growing demand for experiential stays, Ascott now has around 50 properties in resort destinations in operation and under development worldwide, supported by 12 new signings in the past 10 months secured via management and franchise agreements. Among these is the upcoming Ascott Abov Patong Phuket Resort (pictured), which marks Ascott’s debut in Phuket. Just 150 metres from the iconic Patong Beach, it features 254 rooms, comprehensive leisure facilities and event venues. Also part of the development is a 227-unit branded residence, Residences at Ascott Abov Patong Phuket. Recent signings across Asia and the Middle East reflect Ascott’s strategic expansion into key leisure hotspots. These include iconic beach destinations such as Patong Beach in Phuket and Jimbaran Beach in Bali. Ascott is also entering Marjan Island, Ras Al Khaimah’s premier man-made coral island known for its pristine beaches. In Vietnam, Ascott is growing its presence in Phu Quoc, voted the world’s second-best island[2], and Nha Trang, an established coastal city often dubbed the “Riviera of the South China Sea”. The company is also capitalising on emerging opportunities in fast-growing destinations such as Cam Ranh, an up-and-coming aviation and leisure hub, and Sam Son, a rising domestic and regional tourism hotspot. Additionally, Ascott is entering Labuan Bajo, Indonesia — the gateway to Komodo National Park, a UNESCO World Heritage site. In South Korea, it is tapping demand in Gangneung, the leading east coast destination and host of the 2018 Winter Olympics. Ascott’s push into resort destinations capitalises on robust industry tailwinds. Global leisure travel spend is projected to triple to US$15 trillion by 2040, fuelled by increasing demand from the burgeoning middle class in emerging markets such as China, India and Saudi Arabia, the rise of experience-led younger travellers, and surging domestic and regional tourism1. Notably, over 70% of travellers from emerging markets now combine business and leisure trips, highlighting the growing importance of bleisure travel1. Within this broader trend, the global resort segment – valued at US$300.03 billion in 2023 – is forecast to reach US$945.38 billion by 2030, growing at 18.2% CAGR, driven by rising disposable incomes, increased international travel, and preference for destination-led, experience-rich stays [3]. Ms Serena Lim, Chief Growth Officer, Ascott, said: “As leisure travel continues to outpace global tourism growth[4], we are seeing strong momentum from property owners eager to grow with us in the resort space. Owners are drawn to our flex-hybrid model, which optimises returns and mitigates risk in dynamic leisure markets by serving both short and extended stays within a single operational framework. Complemented by our multi-typology brand strategy, we align the right brand and format to each resort setting, enabling differentiated, locally attuned guest experiences while staying responsive to evolving travel trends. Backed by a loyal and expanding member base seeking elevated leisure experiences, Ascott is well-positioned to deliver long-term value through exceptional resort stays, creating results for owners, delight for guests and impact across the markets we serve.” Ms Tan Bee Leng, Chief Commercial Officer, Ascott, said: “Resorts represent a powerful extension of Ascott’s brand promise to let guests ‘Stay Your Way’, unlocking a world of leisure-led experiences that elevate our Ascott Star Rewards (ASR) programme to new heights. From sun-drenched beachfront villas and serene mountain retreats to château stays and immersive wellness escapes, each resort adds lifestyle richness to the loyalty journey, deepening member engagement and incentivising cross-destination travel. At the same time, a growing base of loyal ASR members fuels demand for these differentiated resort offerings globally — accelerating our resort expansion strategy with data-backed insights and a ready community of experience-driven travellers. Ascott’s flex-hybrid model and multi-typology brand approach allow us to scale trusted urban brands into resort destinations with local authenticity and operational excellence, creating a virtuous cycle that benefits guests, members and property owners alike.” Expanding Reach Across Leisure Hotspots Ascott is expanding into sought-after resort destinations with new property signings that deliver diverse, experiential stays. In Thailand, Ascott Abov Patong Phuket Resort will feature 254 rooms and comprehensive leisure facilities including all-day dining, a swimming pool, rooftop bar, pool bar, spa, gym, kids’ club and event spaces. Located just 150 metres from iconic Patong Beach and surrounded by tourist attractions, the resort enjoys a prime position in Thailand’s leading leisure destination, known for its strong year-round demand and diverse visitor base. Guided by the brand’s understated luxury philosophy, Ascott Abov Patong Phuket Resort will showcase its “Fine Arts Inspired by Nature” concept, blending luxury, tranquility and local artistry in perfect harmony. The project also includes Residences at Ascott Abov Patong Phuket, a 227-unit branded residence, with completion targeted for 2027. Vietnam is a key focus of Ascott’s resort portfolio expansion. Lasong Hotel & Villas Sam Son by The Unlimited Collection (pictured) in Thanh

Media OutReach

Hong Kong Fabric Innovator Comfiknit Supports The Unified Diversity Fashion Show – SOROYURU in Osaka・Kansai Expo

Showcasing its Disruptive Textile Technology on a Global Stage & Celebrating Diversity and Interconnection HONG KONG SAR – Media OutReach Newswire – 11 August 2025 – Hong Kong fabric innovator Comfiknit is proud to support the Unified Diversity Fashion Show – SOROYURU, which was held on August 8, 2025 at Expo2025 Osaka, Kansai, Japan. Adults and children from around the world gathered to showcase their respective cultures and -promoting textile technology in celebration of cultural diversity, sustainability, and inclusiveness. The Unified Diversity Fashion Show at Expo2025 Osaka-Kansai “SOROYURU” – Transforming the Future of Fashion The Unified Diversity Fashion Show – SOROYURU took place at the Wasse Exhibition Hall, Expo 2025 Osaka. Models from Japan, Indonesia, Australia, Brazil, Italy, France, Jordan, Canada, and Liberia were dressed in fashionable ethnic costumes made of Comfiknit’s fabrics, showcasing the beauty of SOROYURU. The pieces designed for the nine nations are diverse when some of the elements on one piece are partially matched with those on another, creating a subtle sense of interconnection. The collection channels the “SOROYURU” concept, which extends beyond colours and patterns to encompass the resonance of thoughts, ideas, and directions, fostering a harmonious balance and showcasing the linkage/unity of diversity and empathy beyond race, gender, and culture from different parts of the world. The Japanese word “soro” (soroeru) means “gentle coordination” while “yuru” refers to “something loosened, relaxed, laid-back, or unpretentious”. Comfiknit has engaged in a collaboration with Japan’s innovative SteAm Design House to promote the “SOROYURU” concept, which is envisioned to lead the development of a future-proof sustainable fashion business. SteAm was founded by Sachiko Nakajima, the curator of the Jellyfish Pavilion. A SOROYURU Executive Committee has been formed to advance the mission, with the Unified Diversity Fashion Show as the kick-off event. Comfiknit: Clothing as A Means to Enhancing Wellbeing Hiroyuki Akahori ( 赤堀宏之), Co-founder of Comfiknit, said the fabric innovator is very proud to take part in the Expo2025 as a Hong Kong company, and sponsor the meaningful fashion show, which aligns with the company’s endeavor to redefine the standards of well fashion for the next generation and beyond. “Comfiknit takes a future-proof approach to clothing in response to the growing concern for wellbeing and sustainability. The patented proprietary technology of the Comfiknit multi-layer fabrics provides wearers with the ability to manage the micro-climate on their skin, offering supreme comfort and protection without compromising style. ” Comfiknit has been working with top-notch institutions, including the Massachusetts Institute of Technology (MIT) in the US and Nagasaki University, Japan, to research the cooling properties of activewear fabrics and eczema-friendly fabrics. The event producer Sachiko Nakajima ( 中島幸子)remarked, “The event is about co-creation with shared values, visions, and joint efforts in the selection and combination process. The process itself is a great experience in promoting empathy and connections. ” Official Uniform Supplier of Jellyfish Pavilion Comfiknit is the official apparel supplier of the Jellyfish Pavilion of the Expo 2025 Osaka. The colorful uniform with varying, vibrant graphics is designed by a renowned Japanese fashion designer, Shinshiro Mizuno (水野 信四郎), and made of Comfiknit’s sweat management fabric. Shinshiro Mizuno and Indonesian designer Thresia Mareta are the fashion show designers. Mizuno has worked with Givenchy, Hanaemori, Yuki Tori, John Galliano and Alexander McQueen, and owner of his brand[fuse] and a Givenchy-licensed wedding gown brand. Mareta, an architect-turned-fashion designer, is the founder of sustainable design brand LAKON, with a mission to cultivate an ecosystem for craftspeople to transform and sustain their craftsmanship. Special Offering to Expo2025 Kansai Visitors A limited-edition SOROYURU T-shirt collection is featured at the pavilion. Visitors to Osaka can buy Comfiknit’s Activewear and Daily wear, including the SOROYURU collection at: E Salon, 5/F Lucua Osaka ( 7-26 Aug ) 〒530-8558 Osaka, Kita Ward, Umeda, 3 Chome−1−3 https://www.instagram.com/comfiknit Hashtag: #Comfiknit #SteAM #OsakaKansaiExpo #farbicinnovation #Soroyuru #fashion #diveristy #SDG https://www.comfiknit.comhttps://www.facebook.com/comfiknitglobalhttps://www.instagram.com/comfiknit/ The issuer is solely responsible for the content of this announcement. About Comfiknit Comfiknit is a fabric innovator and spearhead of well fashion, dedicated to developing fabrics intelligence for skin microclimate management that makes our fabrics work in sync with the human body for optimal performance of evaporative cooling, moisturizing, protection and healing. Based in Hong Kong Science & Technology Parks, Comfiknit presents a range of wellness-focused products: Active wear, Moisturizing Travel wear, Daily wear and Eczema-friendly clothing (Eczewear) www.comfiknit.com About Jellyfish Pavilion, Expo 2025 Osaka The Jellyfish Pavilion of Expo 2025 Osaka is curated by musician, mathematician, and STEAM educator Sachiko Nakajima as a co-creation space that brings science, technology, and art together to work towards the goals of the Expo2025. Activities and performances promoting sustainable development and the enhancement of well-being from different parts of the world are broadcast on the 360-degree screen in the pavilion. Thematic talks are held there every day. Comfiknit is showcasing its health-promoting fabric innovation in collaboration with MIT and Nagasaki University, Japan, in the Jellyfish Pavilion.

Media OutReach

Schneider Electric reports significant sustainability milestones in Q2 2025

HONG KONG SAR – Media OutReach Newswire – 11 August 2025 – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its Q2 2025 extra-financial results, marking a pivotal moment as the company enters the final stretch of its 2021–2025 Schneider Sustainability Impact (SSI) program. With six months remaining, Schneider Electric continues to demonstrate its commitment to measurable, inclusive, and transformative progress across its Environmental, Social, and Governance (ESG) goals. The company’s SSI score reached 8.06 out of 10 this quarter, reflecting sustained momentum across key sustainability pillars. A quarter marked by global recognition and ground-level impact This quarter, Schneider Electric was honored as the World’s Most Sustainable Company by TIME and Statista for the second consecutive year. This recognition follows its recent distinction as Europe’s Most Sustainable Corporation by Corporate Knights, reinforcing the company’s leadership in sustainability. Beyond accolades, Q2 2025 delivered tangible results. Schneider Electric surpassed its goal of training 1 million people in energy management, a cornerstone of its commitment to inclusive energy transition and youth empowerment. This milestone, aligned with World Youth Skills Day 2025, is driven by the Youth Education & Entrepreneurship Program, active in over 60 countries. The program equips underserved communities with technical and entrepreneurial skills to participate in the energy transition. Recent initiatives highlight the program’s global reach and impact: In Cox’s Bazar, Bangladesh, digital twin technology is used to train displaced communities in solar repair and e-waste recycling. The Conserve My Planet program engages students in India, Kenya, Vietnam, and Thailand through hands-on sustainability projects. In Brazil, mobile training benches bring renewable energy education to incarcerated youth, supporting reintegration and reducing recidivism. These initiatives share a common thread: when education meets technology and purpose, systemic change becomes possible. Sustained progress across key sustainability pillars Schneider Electric also reported continued progress across several core sustainability indicators: 734 million tonnes of CO₂ emissions saved and avoided for customers since 2018, crossing the 700-million-tonne milestone. Supply chain decarbonization efforts continue to gain momentum, as operational CO₂ emissions from Schneider Electric’s top 1,000 suppliers were reduced now by 48%, just two points away from the year-end target. This reflects the growing impact of the Zero Carbon Project, which combines local solutions, on-site support, renewable energy insights, and targeted training. The Decent Work Program reached 79% coverage in Q2 2025, up 39 points year-over-year, reflecting improved working conditions and compliance, particularly in the Middle East and East Asia & Japan. “As an impact company and the World’s Most Sustainable Company, we believe that education is one of the most powerful drivers of long-term transformation. Surpassing 1 million people trained in energy management is a proud moment, and a reminder of what’s possible when purpose meets action,” said Esther Finidori, Chief Sustainability Officer. “With six months left in our 2021-2025 Schneider Sustainability Impact program, our priority is clear: accelerate with determination and deliver lasting impact.” For a detailed view of all indicators and progress, please refer to the full Q2 2025 Schneider Sustainability Impact report, including the latest progress dashboard. Recent recognitions: Schneider Electric ranked #1 in the prestigious Gartner Top 25 Supply Chain 2025 after 10 consecutive years on the list Schneider Electric is recognized in the “Impact for Sustainability” category of the inaugural TIME100 Companies Impact awards Schneider Electric is awarded “Best ESG Information” by the Labrador Transparency Awards Schneider Electric received the “Corporate Social Excellence” award from the Rutgers Institute, recognizing 16 years of impact investing Schneider Electric is named one of Europe’s Best Employers by the Financial Times Hashtag: #ImpactCompany #Sustainability #ESG The issuer is solely responsible for the content of this announcement. About Schneider Electric Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all. www.se.com/hk

Media OutReach

Asian Firms Divided on Insolvency Outlook Amid Ongoing Trade Challenges

Amid a fragmented B2B customer payment risk landscape, Asia’s corporate sector is concerned about cash flow and profitability HONG KONG SAR – Media OutReach Newswire – 11 August 2025 – The 2025 edition of the Atradius Payment Practices Barometer survey for Asia reveals a nearly even split between businesses expecting stable payment behaviour from their customers and those foreseeing a deterioration in payment risk in the coming months. The survey, conducted in the second half of Q2 2025 across China, Hong Kong, India, Indonesia, Japan, Singapore, Taiwan, and Vietnam, highlights regional resilience amid rising financial vulnerabilities driven by global trade policy uncertainty, liquidity constraints, and worsening B2B payment behavior. Late payments affect 44% of B2B credit sales, with bad debts averaging 5%—a seemingly modest figure that nonetheless significantly impacts profitability. Businesses cite customer liquidity issues, delays in customers’ payment processes, invoice disputes and supply chain disruptions as the top reasons for late payments. The survey also found that three in five Asian companies (60%) have expanded trade credit offerings but kept payment terms steady to limit exposure to payment risks while maintaining customer loyalty and encouraging sales. Furthermore, the survey shows, 54% of all B2B sales are transacted on credit with 48-day average payment terms, highlighting the central role credit plays in financing trade across Asia. Bank loans, invoice financing and internal funds have served as the other key sources of funding over the past 12 months. Looking ahead, the survey’s findings depict a region also divided on considerations such as inventory turnover and days sales outstanding (DSO) – the time taken to collect payments – but united in acknowledging and anticipating macro challenges, such as the influence of increased trade uncertainties, growing regulatory compliance burdens and the pressures to adopt sustainable practices to address environmental concerns. At the same time, projections of sales and profitability across Asia remain cautiously optimistic as indicated by companies’ plans to manage payment risk. In this scenario, balancing the dual needs of liquidity and risk management will be pivotal for success in the months ahead, the survey concludes. “The latest findings from our Payment Practices Barometer for Asia reveal critical insights into the operational challenges faced by businesses. Issues like increasing bad debts, trade policy uncertainties, compliance pressures, and sustainability initiatives are prominent. However, there is also cautious optimism as companies acknowledge these challenges and explore solutions,” stated Eric den Boogert, Managing Director of Atradius in Asia. “This includes adapting to market changes and ensuring optimal liquidity while effectively managing risk through strategies like outsourcing credit risk management to enhance traditional internal measures.” The 2025 Atradius Payment Practices Barometer for Asia report can be found here. Hashtag: #AtradiusAsia #PaymentPracticesBarometer #PaymentPractices #B2BFinance https://atradius.com.hkhttps://www.linkedin.com/company/atradiusasia The issuer is solely responsible for the content of this announcement. About Atradius Atradius is a global provider of credit insurance, bond and surety, collections and information services, with a strategic presence in over 50 countries. The products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of GCO, one of the leading companies in the Spanish insurance sector and one of the largest credit insurers in the world. You can find more information online at https://atradius.com.hk/

Media OutReach

Energea reveals modernized travel tech collection with elevated design details

SINGAPORE – Media OutReach Newswire – 11 August 2025 – Energea has debuted its highly anticipated tech collection, perfect for travel and everyday use, now available in Gunmetal, Cobalt, and Champagne. Leading the charge is the MagDuo Arc, which recently clinched the Best Product award in the Mobile Products category at Channel Summit META. Power meets versatility. The full range of Energea tech gear in Gunmetal, Cobalt and Champagne. For the curious, driven, and constantly on the move, these offerings are as versatile and nimble as the journeys they’re made for, combining function with style. Refined, bold, and elegant finishes guarantee each product looks as sleek as it performs. Whether in transit or touching down, they fit the modern nomad’s life in motion. At the forefront is MagDuo Arc, a 2-in-1 wireless charger with an 85cm retractable cable and zinc alloy housing. It delivers fast wireless charging of up to 15W (Android), 7.5W (iPhone), and 2.5W (Apple Watch), and includes a built-in kickstand for hands-free use. MagDuo Arc sets the tone for Energea’s renewed push into travel-friendly tech, ushering in a fresh wave of thoughtful and innovative offerings. Complementing it is TravelWorld Edge 65, a slimline wall charger sporting a 90˚ flat profile that plugs flush against surfaces and fits easily into tight corners. Measuring 13mm thick, it’s small but mighty, delivering up to 65W output to power laptops and phones in 150 countries. GaNSmart technology makes it 40% smaller than most chargers in its class. Next up is TravelGo Adapter 45: a pocket-friendly, powerful travel adapter designed to charge power-intensive devices like MacBook Air and tablets. Its secure pin-lock system prevents pins from sliding back, improving electrical contact and safety, while dual USB-C ports (25W and 20W) enable dual devices to be charged simultaneously. Intelligent power identification adjusts the charging current for each device to ensure safe, synchronous charging. Meanwhile, wireless charger AluMag Trio powers three devices concurrently (iPhone, Apple Watch, AirPods) using Qi2 technology. Its sleek aluminum chassis offers premium durability and enhanced heat dissipation for optimal temperature control. Unfolding instantly, it supports iPhone’s StandBy mode and Apple Watch’s Nightstand mode for overnight or bedside charging as a smart display. Lastly, the ComPac Arc 45 power bank takes on travel demands as a 10,000mAh charger featuring a 70cm retractable cable, informative digital display, and durable braided lanyard. Empowering hands-free convenience, it easily clips to backpacks and carry-ons. Its PD45W max output is able to power MacBook Air, tablets, and phones, all packed into a rounded-edge module smaller than a soda can. Energea redefines the charging experience with tech gear that not only solves everyday hassles while on the go or during travels, but also complements the user’s style. The brand believes that great products balance functionality and aesthetics, providing solutions that work seamlessly and impress with stylish appeal. From slim wall chargers to versatile wireless chargers and compact power banks, Energea’s Travel Series is built for life on the move. In Gunmetal, Cobalt, and Champagne, the collection reflects Energea’s bold new design direction and delivers power and polish for the traveler of today. Discover the full range on Energea now. Follow Energea on Instagram, Facebook and YouTube for the latest updates and travel tech innovations today. Hashtag: #Energea #WirelessCharging #Technology The issuer is solely responsible for the content of this announcement. Energea Dedicated to designing products of enhanced functionality, refined aesthetics, and versatility, Energea defies the perception that tech accessories are purely practical and uninspired. With an established presence across Asia, Middle East, Europe and South Africa, Energea advances in delivering not only top-tier power solutions but also streamlined electronics on a global scale.

News

Sources: Singapore’s Carro Eyes US IPO at Valuation Exceeding $3 Billion

SINGAPORE, Carro, Southeast Asia’s largest online used-car marketplace, is reportedly gearing up for a U.S. initial public offering (IPO) as early as 2026, aiming to raise up to US$500 million and secure a valuation exceeding US$3 billion, according to sources familiar with the matter. If realised, the listing would mark the biggest U.S. IPO by a Southeast Asian company since SEA Ltd’s US$989.3 million debut in 2017, and the third-largest high-tech IPO from the region in the American market, based on LSEG data. It would also be the first major automotive technology and AI-driven commerce startup from Singapore to go public in the U.S. Carro is on track to achieve US$100 million in annual earnings before interest, taxes, depreciation, and amortisation (EBITDA) by its fiscal year ending March 2026, one source said. The IPO size, however, remains subject to change depending on market conditions. Founded in 2015, Carro runs a digital platform that connects consumers and dealers for vehicle sales, while also offering insurance, financing, and after-sales services. Beyond its home base in Singapore, the company operates in Malaysia, Indonesia, Thailand, Japan, Taiwan, and Hong Kong. With a workforce of over 4,500 across the Asia-Pacific, Carro has secured more than US$1 billion in debt and equity funding from investors such as Temasek, SoftBank, and several sovereign wealth funds. A successful debut could set the stage for other Southeast Asian unicorns — including Carsome, Traveloka, and Xendit — to explore similar moves. Globally, the trend is mirrored by a growing number of Chinese companies pursuing U.S. listings, lured by the potential for higher valuations despite ongoing geopolitical tensions.

Investment & Market Trends

Hong Seng Sells 32.6% Stake In Classita To NexG For RM60.3mil

KUALA LUMPUR, Hong Seng Consolidated Bhd has announced the sale of its 32.6% equity stake in lingerie and apparel manufacturer Classita Holdings Bhd to NexG Sdn Bhd for RM60.3 million. In a filing with Bursa Malaysia, Hong Seng said the disposal aligns with its strategy to streamline its investment portfolio and unlock value from non-core assets. The divestment is expected to provide the group with additional working capital to support its core business operations and future growth initiatives. The transaction involves the sale of 256.3 million ordinary shares in Classita, formerly known as Caely Holdings Bhd, at a price of 23.5 sen per share. The disposal consideration will be satisfied entirely in cash. Hong Seng noted that the stake sale is not expected to have a material impact on the group’s earnings for the financial year ending Sept 30, 2025, but will strengthen its liquidity position. Classita, listed on the ACE Market, is involved in the design, manufacture, and retail of women’s lingerie, undergarments, and apparel, with an expanding presence in both local and overseas markets. The deal is expected to be completed in the third quarter of 2025, subject to the fulfilment of customary conditions and regulatory approvals.

Lifestyle

Pocky’s Distinctive Shape Officially Trademarked In Japan

TOKYO – After nearly six decades as one of Japan’s most beloved snacks, Pocky’s unmistakable shape has now been officially granted trademark protection by the Japanese government. The move comes after a 2023 survey by manufacturer Ezaki Glico, which found that over 90% of 1,036 respondents aged 16 to 79 could recognize Pocky solely by its appearance — even without packaging or branding. Encouraged by the results, Glico applied for a 3D trademark, a rare form of protection typically reserved for unique product packaging or character designs such as Coca-Cola’s contour bottle or Disney’s Mickey Mouse silhouette. Securing a 3D trademark for a food product is notoriously challenging, as many shapes naturally result from the cooking process rather than deliberate design. However, Glico successfully convinced trademark authorities that Pocky’s long, slender, chocolate-coated biscuit stick was distinctive enough to stand on its own as a brand identifier. The trademark was officially approved on July 25, with Glico announcing the news in early August. This protection gives Glico the right to block the sale of snacks in Japan that mimic Pocky’s precise form, although it has little influence over copycat products overseas. While Japan’s domestic market doesn’t have identical replicas, the closest alternative is Lotte’s “Toppo” — a chocolate-filled, rather than chocolate-coated, biscuit stick with a noticeably different shape. Interestingly, the ruling may not even extend to some of Pocky’s own variations, such as the coconut flavor, whose textured coating deviates from the classic silhouette. A Glico spokesperson stated, “We will continue to protect and utilize our trademarks appropriately to develop and nurture a brand that has been loved for so long.” With this legal recognition, Pocky joins the ranks of uniquely shaped products in Japan that are instantly identifiable — and now, officially protected.

Scroll to Top

Subscribe
FREE Newsletter