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Aspire Announces Return of Founders Night, Singapore’s Largest Event for Startup Founders

Back this September with a bold new theme — The Champions Arena — and over 200 founders, investors, and ecosystem leaders. SINGAPORE – Media OutReach Newswire – 5 August 2025 – Aspire, leading all in one finance platform for modern businesses, today announced the return of Founders Night, its annual flagship event and Singapore’s largest gathering for startup founders. Happening on September 4, 2025, the invite-only event will bring together over 200+ funded founders, investors, and ecosystem leaders. Founders Night: The champions arena This year’s theme, The Champions Arena, draws inspiration from elite athletes — a nod to the stamina, resilience, and sharp execution required to build something from scratch. Held in central Singapore, the experience is designed to take founders out of the boardroom and into an arena of connection, storytelling, and recognition. Visa joins this year as the event’s platinum sponsor, underscoring its shared mission to back the next generation of business leaders. In previous years, Founders Night has been proudly supported by leading ecosystem partners including Amazon Web Services, Remote, Carta, Singapore Global Network and many more. “Founders Night was born as a tribute to the builders behind the most innovative companies,” said Andrea Baronchelli, Co-founder and CEO of Aspire. “It’s not a typical networking event or a panel. It’s a moment for founders to come together, celebrate each other, and acknowledge the challenges and triumphs that come with building something from the ground up.” The event is an extension of FoundersXchange, Aspire’s growing global community of 700+ startup founders. Through curated events, startup perks, and direct VC connections, FoundersXchange continues to support entrepreneurs from day one through scale. Founders Night has grown to become a key fixture on the region’s startup calendar, known for its founder-first ethos, immersive themes, and high-calibre attendee base. Event Details Date: September 4, 2025 Location: Central Singapore Registration: https://lu.ma/uupsajtv?utm_source=Media Hashtag: #Aspire https://aspireapp.com/ The issuer is solely responsible for the content of this announcement. Aspire Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions – accessible via a single, user-friendly account. Headquartered in Singapore, Aspire has 600+ employees across nine countries, clients in 30+ markets and is backed by global top tier VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal. In 2023, Aspire closed an oversubscribed US$100M Series C round and announced that it has achieved profitability.

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AsiaInfo Technologies Expects to Achieve Accelerated Growth from the Three Core Growth Engines in 2025H2, with Full Year Profit Exceeding Last Year[1]

In 2025H1, AI large model application and delivery business achieves explosive growth with revenue and order amount up 76 times and 78 times yoy respectively, demonstrating strong market demand Future prospects in 2025H2: The results for 2025H2 is expected to improve significantly compared to the 2025H1, and the Group is determined to achieve its full-year targets. The annual performance is expected to remain stable. In 2025H2, the three core growth engines are projected to achieve accelerated growth, while the revenue decline in the ICT support business is anticipated to narrow significantly. Profit for the year is expected to exceed that of the previous year (excluding the impact of one-off severance compensation due to personnel restructuring optimisation). The Group will adhere to a steady and progressive development strategy, continue to consolidate the foundation of its core telecommunications business to promote a steady recovery of its fundamental operations in ICT support business, and continue to focus on cultivating three core growth engines, including AI large model application and delivery, 5G private network and application, and digital intelligence-driven operation. The Group will also accelerate the pace of signing contracts, to maintain a stable and healthy annual performance. The Board has attached great importance to the shareholders’ interests and returns, and after giving due consideration to the Group’s business development, profitability, and cash flow level, the Board has recommended the guideline of the final dividend for the year 2025 is 40% of the annual net profit attributable to shareholders. Results highlights & business review: In 2025H1, the Group’s overall revenue and profit declined due to the effects brought by the ongoing cost-reduction and efficiency-enhancement within the telecommunications sector. The Group managed to effectively control costs through its mature cost control mechanism and optimised personnel restructuring optimisation. – Revenue[2] amounted to approximately RMB2,598 million. – Gross profit was approximately RMB783 million, representing a year-on-year increase of 6.1%, with a gross profit margin of 30.1%, representing a year-on-year increase of 5.4 percentage points. Net operating cash outflow improved by 35.3% year-on-year. – Net loss was approximately RMB202 million compared to a loss of approximately RMB70 million in the same period of the previous year. Excluding the impact of one-off severance compensation due to personnel restructuring optimisation, net loss was approximately RMB48 million. AI large model application and delivery business achieved explosive growth, with revenue of approximately RMB 26 million, representing a year-on-year increase of 76 times; the order amount for 2025H1 was approximately RMB 70 million, representing a year-on-year increase of 78 times, demonstrating strong market demand. Through collaborations with Alibaba Cloud, Baidu Intelligent Cloud, NVIDIA, AsiaInfo Security and others, the Group has constructed end-to-end industrial large model solutions. Revenue from the 5G private network and application business was approximately RMB47 million; the order amount for 2025H1 was approximately RMB82 million, representing a year-on-year increase of 51.7%, which reflects growth potential in the market. Revenue from the ICT support business was approximately RMB2,118 million, representing a year-on-year decrease of 14.7%. Revenue from the digital intelligence-driven operation business was approximately RMB408 million, representing a year-on-year decrease of 8.8% which was mainly driven by cost reductions from operators, but with continued growth in the non-telecommunications industry. HONG KONG SAR – Media OutReach Newswire – 5 August 2025 – AsiaInfo Technologies Limited (“AsiaInfo Technologies” or the “Company”, which together with its subsidiaries, is referred to as the “Group”; HKEX stock code: 01675), is pleased to announce its interim results for the six months ended 30 June 2025 (the “Period”). In the first half of 2025 (“2025H1”), the Group’s current overall operating scale is under pressure due to the ongoing cost-reduction and efficiency-enhancement in the telecommunications sector. Revenue was approximately RMB2,598 million, representing a decrease of 13.2% year-on-year. However, amid the wave of new AI technologies, the Group’s AI large model application and delivery business has achieved explosive growth, while the 5G private network and application business has continued to gain momentum, and it has kept optimising the business structure of digital intelligence-driven operation. Meanwhile, the Group has strengthened internal cost management to support sustainable development, and its business fundamentals will continue to be sound in the long term. To cope with challenges of the ICT support business transformation, the Group implemented a series of cost-reduction and efficiency-enhancing measures proactively, such as personnel restructuring optimisation, applying AI tools to enhance efficiency, strengthening centralised procurement, and the one-stop official consumption platforms, which have achieved significant results in cost control. In 2025H1, gross profit was approximately RMB783 million, representing a year-on-year increase of 6.1%, with a gross profit margin of 30.1%, representing a year-on-year increase of 5.4 percentage points. Net operating cash outflow improved by 35.3% year-on-year. Excluding the impact of one-off severance compensation due to personnel restructuring optimisation, net loss for the period was approximately RMB48 million, and the Group expected that net profit will continue to rebound in the second half of the year (“2025H2”), with full-year profit better than last year. The Board has attached great importance to the shareholders’ interests and returns, and after giving due consideration to the Group’s business development, profitability, and cash flow level, the Board has recommended the guideline of the final dividend for the year 2025 is 40% of the annual net profit attributable to shareholders. AI Large Model Application and Delivery Business Achieves Explosive Growth In 2025, the industrial application of AI large models witnessed explosive growth. In 2025H1, the Group secured orders worth approximately RMB70 million, representing a year-on-year increase of 78 times. In addition, the Company entered into a framework agreement that accounted for more than RMB40 million with a company. Revenue from the AI large model application and delivery business reached approximately RMB26 million, representing a year-on-year increase of 76 times. Through collaborations with Alibaba Cloud, Baidu Intelligent Cloud, NVIDIA, AsiaInfo Security and others, the Group has constructed end-to-end industrial large model solutions covering energy and power, industrial manufacturing, transportation, smart retail, and other large enterprises. The Group has become a partner in Alibaba Cloud’s AI Large Model

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Atlas Lithium’s Neves Project Completes Definitive Feasibility Study Estimating 145% IRR and 11-Month Payback

Boca Raton, Florida – Newsfile Corp. – August 4, 2025 – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium development company, is pleased to announce that SGS Canada Inc. (“SGS”) has completed the Definitive Feasibility Study (“DFS”) for the Company’s 100%-owned Neves Lithium Project (“Project”), a technical report prepared under the U.S. guidelines of Item 1300 of Regulation S-K (“Regulation S-K 1300”). This hard-rock Project is well-suited to being a low-cost open-pit mining operation, as its spodumene deposits are located relatively close to the surface. Located in the state of Minas Gerais, Brazil, the Project encompasses 4 of the 98 mineral rights for lithium owned by Atlas Lithium. As detailed in the DFS, the Neves Project is expected to deliver strong financial metrics with an internal rate of return (“IRR”) of 145%, payback in 11 months from the start of operations, and an after-tax net present value (“NPV”) of $539 million. Importantly, the DFS estimates the Neves Project to have operational production costs of only $489 per tonne of lithium concentrate, positioning Atlas Lithium among the world’s lowest-cost producers. Complete details of these metrics can be found in the DFS, filed with the Securities and Exchange Commission as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Marc-Antoine Laporte from SGS serves as the Qualified Person for the DFS under Regulation S-K 1300. SGS is well-known as a global leader in testing, inspection, and certification services for mineral properties and projects. Industry-Leading Capital Efficiency and Low Operating Costs The DFS supports that expected direct capital expenditures of $57.6 million will be needed for the implementation of the Project, by far the lowest such capital costs among other announced projects in Brazil. Notably, Atlas Lithium has already invested approximately $30 million in acquiring and transporting the Project’s newly fabricated dense media separation (“DMS”) plant to Brazil, as previously reported. The Company has secured two non-dilutive pre-payment agreements for its lithium concentrate totaling $40 million and has received additional funding interest from other parties, including 10-year debt financing options, any of which could support the Project’s capital requirements. The Company believes that the DFS validates the Project’s strong economics, positioning it among the most capital-efficient and lowest-cost hard-rock lithium developments globally. The Project will employ proven DMS technology, with comprehensive metallurgical testing demonstrating an expected robust lithium recovery rate of 61.7% to produce high-quality, low-impurity lithium concentrate. This relatively straightforward, low-risk DMS processing methodology minimizes technical complexity and operational risk while enabling a low environmental footprint. Atlas Lithium’s mineral right to be mined, as detailed in the DFS, received its “Portaria de Lavra” (mining concession) status from Brazil’s Ministry of Mines and Energy on May 27, 2025 — the highest level of titleship in Brazil and one that allows continuous mining operations. Multiple deposit areas within the Project remain open for resource expansion along strike and at depth and are thus expected to extend the life of mine. Additionally, numerous high-potential geological targets remain within the Project’s mineral rights, providing compelling opportunities for future exploration. Located in the established Araçuaí Pegmatite District in the Vale do Jequitinhonha, often called Lithium Valley, the Project benefits from favorable infrastructure, including proximity to transportation networks, water resources, and skilled labor. The Project qualifies for tax incentives from the Superintendency for the Development of the Northeast (SUDENE), as promulgated by Brazil’s Ministry of Integration and Regional Development, reducing the corporate tax rate from 34% to 15.25% and further enhancing profitability. “The DFS indicates potentially outstanding returns for our initial vision of developing a focused, near-term, profitable lithium production asset with minimal capital requirements,” said Marc Fogassa, Chairman and CEO of Atlas Lithium. “The combination of our low capital intensity and rapid payback period is expected to create exceptional value for our shareholders while positioning Atlas Lithium to benefit from future organic expansion opportunities at Neves and other high-potential lithium areas that we own. Importantly, we are creating many quality employment opportunities in the Vale do Jequitinhonha region, representing a significant societal contribution of our Project.” Experienced Leadership Driving Project Implementation Following his leadership role in collaborating with SGS on the DFS, project implementation activities are being supervised by Eduardo Queiroz, Atlas Lithium’s Project Management Officer (PMO) and Vice President of Engineering. Mr. Queiroz has more than two decades of hands-on experience managing complex, large-scale mining projects. “The DFS demonstrates the technical robustness of the Project, with proven DMS technology and comprehensive metallurgical test work validated by SGS, a premier firm in the lithium space,” said Mr. Queiroz. “With our processing plant fully fabricated and paid for, and now with the DFS in hand, we have systematically de-risked the Project. I am excited to lead the implementation phase of Atlas Lithium’s journey to becoming a lithium producer.” Salinas and Clear: The Next Expansion Frontier Atlas Lithium is strategically positioned to capitalize on its extensive regional lithium exploration portfolio in Brazil, particularly through advancement of its Salinas Project and Clear Project, both 100% owned by the Company. Atlas Lithium’s Salinas Project is just 5 miles east of the Colina lithium asset previously owned by Latin Resources — a major factor in Pilbara Minerals’s acquisition of that company in 2024 for approximately $370 million. At the Salinas Project, Atlas Lithium has already achieved promising initial results, including the discovery of spodumene-rich pegmatites very close to the surface, and highly positive results from soil geochemistry and from LIDAR geological mapping. Atlas Lithium’s Clear Project is located less than 4 miles from Sigma Lithium’s operating lithium mine, and represents significant untapped potential with highly positive results from soil geochemistry and from LIDAR geological mapping. Diversification in Critical Minerals Atlas Lithium also owns approximately 30% of Atlas Critical Minerals Corporation (OTCQB: JUPGF), a separate company with exploration programs in uranium, rare earths, titanium, and graphite. About Atlas Lithium Corporation Atlas Lithium Corporation (NASDAQ: ATLX) is a lithium development company focused on advancing its Neves Project to production. The Neves

Energy & Technology

Malaysia to Launch AI-Powered Parking System in Selangor

SHAH ALAM, The Shah Alam City Council (MBSA) will roll out its AI-powered Smart Integrated Parking (SIP) system on August 1, aligning with Selangor’s broader digitalisation efforts aimed at modernising public services and improving municipal revenue collection. The SIP system uses artificial intelligence to manage parking more efficiently, securely, and transparently. It is designed to reduce manual enforcement, minimise revenue leakages, and address inefficiencies in current parking operations. In 2023, MBSA collected RM21.9 million in parking fees and RM8.9 million in compounds. However, only around 30% of the potential revenue was captured due to limitations in the manual system. With the new SIP system, MBSA aims to recover lost revenue while maintaining existing parking rates. Besides MBSA, three other councils—Petaling Jaya (MBPJ), Subang Jaya (MBSJ), and Selayang (MPS)—are part of the pilot phase. However, MBPJ has raised objections, prompting ongoing talks with the state government. Despite differing views, Selangor’s state administration sees SIP as a critical step in its smart city agenda. The system allows real-time monitoring, automated enforcement, and better data collection, which can support future urban planning and infrastructure upgrades. It also aims to improve safety through surveillance integration and data analytics. Authorities have assured that parking rates will remain unchanged. The focus is on increasing compliance and maximising the use of existing infrastructure through smart technologies. MBSA is expected to lead the rollout, setting the tone for future implementations in Selangor. The state government remains committed to working with all councils to ensure smooth adoption and greater efficiency in public service delivery.

News

Sabah Electricity Appoints Saadiah Aziz As New Chairperson

KOTA KINABALU, Sabah Electricity Sdn Bhd (SESB) has named Saadiah Aziz as its new chairperson, effective July 31, 2025. She succeeds Datuk Seri Wilfred Madius Tangau. Saadiah, 49, brings over 24 years of experience in project management, stakeholder engagement, and capital markets. She previously served as Senior Vice President at Khazanah Nasional Berhad, where she played a key role in the Government Linked Companies Transformation Programme (2005–2015) and various national initiatives. Her earlier career included roles at the Labuan Offshore Financial Services Authority and Malaysian Rating Corporation Berhad. Saadiah holds Master’s degrees in Strategic Project Management (University College London) and Financial Management (Glasgow Caledonian University), a Bachelor’s in Accounting, and has completed an executive programme at London Business School. SESB’s board and management welcomed her appointment, with CEO Datuk Mohd Yaakob Jaafar expressing confidence in her leadership to steer the company into its next chapter.

Media OutReach

Xsolla, In Collaboration With KRAFTON, Releases The “Abyss Of Dungeons” Web Shop To Fuel Direct-To-Player Growth

Abyss Of Dungeons Combines Medieval Dark Fantasy With Extraction-Style RPG Gameplay, Now Bolstered By A Global Web Shop Built In Partnership With Xsolla LOS ANGELES, USA – Media OutReach Newswire – 4 August 2025 – Xsolla, a leading global video game commerce company, announces its latest collaboration with KRAFTON: a dedicated Web Shop for Abyss of Dungeons, the newest dark fantasy extraction Role-Playing Game (RPG) from Bluehole Studio. Abyss of Dungeon In a treacherous medieval underworld, Abyss of Dungeons fuses high-stakes survival with immersive dungeon-crawling combat and player-driven progression. Currently available across select markets, including the US, Canada, Indonesia, Thailand, Brazil, and Mexico, the game has attracted a loyal community drawn to its blend of PvP and PvE gameplay, strategic class-based combat, and ever-present risk-reward mechanics. To support KRAFTON’s community-first strategy, Xsolla delivered a custom-built Web Shop experience that enables players to purchase exclusive in-game content directly through a branded store outside traditional app stores. Key features of Abyss of Dungeons include: Medieval Fantasy Extraction RPG: Brave dungeon mazes filled with lethal monsters and rival adventurers while escaping the tightening grip of the Dark Swarm. PvP and PvE Combat: Fight enemies and players alike for treasure, choose to hunt or risk being hunted. Diverse Class System: Six unique classes, Fighter, Barbarian, Rogue, Ranger, Cleric, and Wizard, each with distinct skills and tactical roles. Strategic Party Play: Form parties, battle through the darkness together, and pursue legendary loot. Progressive Power Growth: Escape dungeons to level up, master new weapons, and become a dungeon legend. “KRAFTON’s Abyss of Dungeons exemplifies what’s possible when you blend premium gameplay with a smart, phased launch strategy,” said Chris Hewish, President of Xsolla. “We’re proud to power their direct-to-player approach with our Web Shop and Partner Network solutions, helping them deliver exclusive content and activate influencers worldwide.” To support KRAFTON’s strategic goals of community growth and marketing efficiency, Xsolla collaborated closely with the development team to build and deploy the Abyss of Dungeons Web Shop, which launched in select markets on June 11, 2025. This shop offers exclusive bundles and in-game currency while integrating seamlessly with KRAFTON’s existing systems without requiring months of additional engineering effort. Highlights of the collaboration: Fast Time-to-Market: Launched with Xsolla’s Web Shop template and support, minimizing development overhead. Exclusive Storefront Content: Offers unique bundles to incentivize direct purchases. Global Reach: Provides access to 1,000+ payment methods through Xsolla’s infrastructure. Influencer Integration: Leverages the Xsolla Partner Network (XPN) to onboard local creators and amplify reach. “Working with Xsolla allowed us to move quickly and strategically,” said KS Lee | VP, Head of Publishing Div. 4. “This Web Shop solution helped us create a scalable direct-to-player foundation, while the XPN creators brought authentic engagement from key markets. This partnership allowed us to grow while keeping control over our vision.” Explore the Abyss of Dungeons Web Shop here: https://abyssofdungeons.krafton.com/en Hashtag: #Xsolla The issuer is solely responsible for the content of this announcement. About Xsolla Xsolla is a leading global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Seoul, Beijing, Kuala Lumpur, Raleigh, Tokyo, Montreal, and cities around the world.

Media OutReach

Open for Business: Samsung Electronics Singapore Unveils Business Experience Studio

State-of-the-art studio designed to help customers envision how cutting-edge technology from Samsung can help address next wave digitisation SINGAPORE – Media OutReach Newswire – 4 August 2025 – Samsung Electronics Singapore has unveiled its new Business Experience Studio, designed to help businesses unlock the potential of innovative technology solutions from Samsung. The 2,150 square feet studio is designed to help customers envision how they can adopt cutting-edge Samsung solutions to address their specific verticals and business digitalisation needs. Timothy Tan, Head of Integrated Business, Samsung Electronics Singapore and Jeffrey Hahn, President, Samsung Electronics Singapore at the Business Experience Studio The studio houses built–for-business solutions from Samsung, including its professional display range, enterprise-ready Galaxy devices, as well as business solutions such as Samsung Knox, Samsung VXT and SmartThings Pro. It also features a wide variety of solutions, designed with various local solutions partners, for specific business and vertical use cases built on Samsung’s hardware and platforms. “Business rules are being rewritten today as companies need to be agile to respond to a fast-moving market that is highly influenced by evolving market conditions and technology advancements. The Business Experience Studio aims to demonstrate and inspire our customers on how they can design and deploy purposeful solutions from Samsung within their organisations,” said Timothy Tan, Head of Integrated Business, Samsung Electronics Singapore. Helping Singapore businesses ride the next wave of digitisation Today, more than nine in ten businesses in Singapore are operating with some level of digitalisation, but not all of them are unlocking optimal value from their technology investments. The Business Experience Studio serves to demonstrate the breadth and depth of Samsung’s solutions for different verticals and business needs, and how it can unlock the value of a right technology partner for organisations. Command and Control Centre features high-resolution commercial displays, integrated with Samsung’s VXT and SmartThings Pro solutions to help organisations achieve workflow optimisation and efficient energy management The studio showcases an integrated deployment of Samsung hardware and solutions across ten different zones. It is powered by Samsung’s suite of business solutions, including Samsung Visual eXperience Transformation (VXT), SmartThings Pro, and Samsung Knox. Together, these proprietary business solutions from Samsung enable seamless integration and management of devices, solutions and services across enterprise environments. For example: Samsung Visual eXperience Transformation (VXT) is a cloud-based digital signage solution that enables seamless content creation and management across all Samsung displays. SmartThings Pro offers organisations a comprehensive platform to help in automation and monitoring through its intuitive dashboard facilitating effective device management, optimised for operations across residential, commercial, and public spaces such as schools. Visitors can monitor the status of smart connected devices with the studio including brand’s HVAC solutions, consumer and commercial displays. Cybersecurity is a business-critical issue that calls for integration across all functions and levels within an organisation. At Samsung, security is always top-of-mind, and never an afterthought. Samsung Knox is the brand’s commitment in delivering a security platform that works in real-time to protect and defend connected devices against evolving digital threats. The studio also features the use of Samsung’s products for specific verticals and business scenarios: Creating immersive guest experiences with highly customisable commercial displays, including The Wall, digital and LED signages, and commercials TVs. For example, LED screens that can be configured into curved, L-shaped and for ceiling installation that are commonly seen in mixed-use developments, malls, and more. Custom solutions for hospitality and healthcare sectors, where Samsung display and mobile solutions can be personalised to enhance end-customer experience from point of stay to departure. Galaxy wearables are also introduced as step-down care solutions, to offer more holistic after-care experiences. Transforming retail with Samsung and partner solutions aimed at improving operational efficiencies and staff productivity, including Samsung Kiosk, Colour E-Paper EMDX, Knox Capture and other partner solutions. Improved frontline communication and workflow with Samsung Rugged devices that are built to withstand harsh outdoor environments with IP68 & MIL-STD-810H ratings. With push-to-talk (PTT) capabilities on these rugged devices, end-users can stay connected and continue their workflows without interruption, even when they face unexpected incidents, or are operating in unpredictable environments Smart classrooms where educators can better engage learners using managed and interactive solutions via 5K UHD supersized displays, E-Boards, Galaxy Tablets and Knox suite of solutions. In addition, the team also conducts workshops for local educators and students to introduce generative AI skills, including Galaxy AI features, to equip customers with relevant AI know-how. Command and Control Centre setup, powered by Samsung’s business solutions and high-resolution business displays and the seamless video wall with narrow bezel measuring just 0.44 mm to enhance the overall productivity and decision-making abilities of backend teams. The Business Experience Studio also showcases hardware solutions from Samsung designed to improve staff productivity and efficiencies, as well as to enhance overall guest experiences Customers visiting the studio can also see a wide ecosystem of partner solutions in action, designed to demonstrate how Samsung’s solutions can be personalised and customised for specific business needs. For example, a “Tap on Glass” contactless payment solution on a Galaxy tablet shows how the payment journey can be automated while eliminating the use of a separate POS or card terminals, hence improving operational efficiencies. The Business Experience Studio will complement the efforts of Samsung Singapore’s Integrated Business Team, comprising over 20 sectoral leads, solution architects and consultants, who will work closely with customers to deliver innovative, relevant and practical solutions for their business operations. A multi-disciplinary team with deep B2B, consumer and vertical experience, the group will work closely with public and private sector customers and partners to design and deploy Samsung and partner solutions aimed at transforming user and employee experiences, as well as improving overall efficiencies and business outputs. As a leading technology and OEM partner with a vast product portfolio, Samsung will offer end-to-end support to address customers’ evolving business needs with its innovative and sustainable product and partner ecosystem. “The Integrated Business Team and Business Experience Studio will demonstrate to customers our innovative and openness approach. We

Media OutReach

Men in the UAE quicker to address tech troubles than a mental health concern, new AXA Global Healthcare study finds

DUBAI, UAE – Media OutReach Newswire – 4 August 2025 – Men in the UAE are more likely to take immediate action over a broken laptop, a social media hack, or a car warning light than seek support for ongoing low mood or mental health concerns, according to new research from AXA Global Healthcare. The study, which explores how men approach preventative health, paints a concerning picture of low urgency around mental wellbeing. While 89% of UAE men said they would act within a week if they lost their bank card, just 56% would seek advice in the same timeframe if they experienced persistent low mood or a lack of motivation – known as early indicators of a deeper mental health issue. The data suggests a pattern in how men prioritise their responsibilities, with external and practical issues often outweighing personal health. Most men said they would take swift action if they noticed an unexpected dip in their bank balance or discovered a leak at home, with both scenarios prompting urgency from almost 90% of respondents. Conversely, fewer than six in ten would act as quickly on a potential physical or emotional health concern. Other issues also ranked ahead of wellbeing. Eighty-four percent said they would respond to a vehicle warning light within a week, while 80% would act quickly to care for a sick pet. A broken laptop would prompt action from 79% of men, and 86% would respond quickly if their social media account were hacked. Karim Idilby, Chief Growth Officer for AXA Global Healthcare, says: “It’s clear that for many men in the UAE, technology, finances and practical matters seem to be prioritised before their physical and emotional health. We urgently need to normalise a more proactive approach to wellbeing – not just wait for something to go wrong.” The study echoes global findings that men tend to under-prioritise their own health, particularly when symptoms are unclear or linked to emotional stress. Yet there are signs that digital tools may help shift this behaviour. Over two thirds (70%) of men in UAE said they would feel more confident taking action if a wearable device, health app or tracker flagged something unusual suggesting a clear opportunity for earlier intervention through technology. To support this shift, AXA Global Healthcare, in partnership with its local partner Daman, offers two preventative tools for its UAE based members that can be used anytime, anywhere: Virtual Care Services, providing unlimited access to qualified doctors via phone or video. Members can speak to a healthcare professional quickly and confidentially about physical or mental health concerns, without needing to visit a clinic – making it easier to act early, from anywhere in the world. For the Mind Health service, members can speak with a team of locally Dubai Health Authority licensed Psychologists for up to six sessions per medical condition. The Mind Health self-check, an online tool open to everyone (not just customers) that allows users to assess their emotional wellbeing through a short series of questions such as “Have you been feeling low lately?” or “Are you finding it hard to stay motivated?” Based on their responses, users receive guidance on whether further support could be helpful -encouraging action before symptoms worsen. Idilby continues: “Preventative health shouldn’t feel like an afterthought. Just as you’d regularly check your car or technology to keep things running smoothly, building habits around your health can lead to better outcomes and greater peace of mind. For UAE residents who travel frequently for business or may relocate internationally, having quick, easy access to trusted healthcare – wherever you are in the world – can make all the difference.” Hashtag: #AXA https://www.axaglobalhealthcare.com/en/https://www.linkedin.com/company/axaglobalhealthcare/?originalSubdomain=uk The issuer is solely responsible for the content of this announcement.

Media OutReach

Atradius survey reveals cautious optimism among UAE businesses despite rising bad debts and increased geopolitical uncertainty

DUBAI, UAE – Media OutReach Newswire – 4 August 2025 – The latest Atradius Payment Practices Barometer survey for the United Arab Emirates (UAE) reveals a divided B2B payment landscape, with companies facing increasing financial pressure as bad debts grow to an average rate of 8% of overdue invoices amid a tightening in liquidity conditions, and points to a rise in debt collection challenges across the market. The comprehensive survey, conducted during the second half of Q2 2025, shows that while 43% of businesses report no recent change in how B2B customers pay, the remaining companies are almost evenly split between those experiencing quicker payments and those facing delays. Half of all B2B sales in the UAE are made on credit, with payment terms averaging 47 days. Worryingly, 58% of these credit-based sales are paid late, primarily due to administrative bottlenecks or financial distress within customer organisations. This trend is directly squeezing working capital and forcing companies to re-evaluate their risk management strategies. “The findings highlight a dual reality in the UAE market,” said Roeland Punt, Regional Director for Atradius in the Middle East. “While some businesses continue to experience stable payment behaviour, others are facing growing financial strain. The increase in bad debts and overdue invoices is a clear signal that companies need to reinforce their credit risk frameworks. Many are already responding by diversifying their risk management strategies, combining internal controls with external tools such as trade credit insurance. This adaptability is a positive sign amid ongoing economic uncertainty. Diversity in risk management strategies Companies are adopting diverse approaches to manage B2B customer payment risks, with 42% favouring a combination of internal provisioning and outsourced credit insurance with the rest choosing a single method. Inventory management practices are also found to be mixed with some companies experiencing stock build-ups that could impact working capital and liquidity. Trade credit remains the primary source of financing at 58%, followed by bank loans at 52% and internal funds at 49%. The respondents’ financial challenges are further reflected in supplier payment trends, where some companies maintain regular payment schedules while others delay payments to suppliers to ease their own liquidity constraints. Industry-specific insights Pharmaceuticals: Around 50% of B2B sales are on credit, with average payment terms of nearly 50 days. Overdue payments affect 60% of invoices, and 61% of companies expect an increase in customer insolvencies. Along with late payments and bad debt, companies in the sector also listed balancing customer terms with financial health protection as one of the main challenges in offering credit to customers. Steel and Metals: Credit-based sales account for 60% of transactions, with 55% of invoices overdue. Despite this, 69% of companies do not anticipate a rise in insolvencies. FMCG: The industry demonstrates a more careful approach, with just over 50% of B2B sales conducted on credit and shorter payment terms of around 40 days. However, 56% of companies anticipate rising customer insolvencies, reflecting heightened concerns regarding late payments in this sector. Cautious optimism despite challenges Looking ahead, companies remain divided on insolvency projections, with 50% expecting customer insolvencies to increase while the rest foresee no change. Businesses also maintain strong sales and profitability outlooks, though concerns persist around geopolitical developments and their impact on trade patterns and supply chains, ongoing regulatory changes and the growing focus on environmental considerations. Overall, the survey’s findings underscore the importance of being nimble and adaptable in the face of challenges and having a well-honed credit risk management strategy, as UAE businesses navigate an increasingly complex economic environment in one of the world’s leading regional trade and business hubs. Download the full report here. Hashtag: #PaymentPracticesBarometer #B2BPayments #CreditRisk https://atradius.com.hk/en_HK/https://www.linkedin.com/company/atradiusasia The issuer is solely responsible for the content of this announcement. 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://group.atradius.com

Energy & Technology

Cypark Subsidiary Secures Approval To Develop 1.5MW Biogas Plant In Johor

KUALA LUMPUR, Cypark Resources Bhd’s 51%-owned indirect subsidiary, Reviva BACRE (Ulu Remis) Sdn Bhd, has received approval from the Sustainable Energy Development Authority (SEDA) to develop a 1.5-megawatt (MW) biogas plant in Layang-Layang, Johor. The approval was granted under SEDA’s 2025 Feed-in Tariff (FiT) e-bidding programme. According to Cypark, the project will have a net export capacity of 1.3MW and is expected to be completed by July 25, 2028. Once operational, it will supply renewable electricity to the national grid for 21 years under the FiT scheme. “This project reflects our strong capability in delivering a range of renewable energy solutions, reinforcing Cypark’s role in Malaysia’s clean energy transition,” the group said in a filing with Bursa Malaysia. While the project is not expected to significantly impact earnings for the financial year ending April 30, 2026, Cypark said it will provide steady, long-term revenue once it begins operations.

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