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Cheras LeisureMall marks 30 years as a community landmark, rewarding 30 shoppers with grand prizes

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 July 2025 – Cheras LeisureMall marks its latest milestone with its 30 th Anniversary celebrations, highlighting its rich legacy of cherished moments in serving the local community of Cheras. In conjunction with its 30th Anniversary, the mall rewarded 30 shoppers with prizes worth more than RM200,000 during The Grand 30 Giveaway live draw and prize presentation on 27 April 2025. Cheras LeisureMall celebrates over 30 years of cherished moments as an iconic neighbourhood mall in Cheras. A Legacy of Connection and Community For three decades, it has stood as an enduring landmark in Klang Valley, a pioneer among shopping malls that has grown alongside generations of Malaysians. As it marks its 30th Anniversary this year, the mall celebrates its rich legacy and looks ahead to a vibrant, revitalised future. Since its grand opening in 1995, Cheras LeisureMall has been more than just a shopping destination—it has been a cherished part of the community. As one of the first malls in the region, Cheras LeisureMall introduced a new era of retail and entertainment, providing a space where families, friends, and businesses could gather. Over the years, it has evolved into a beloved neighbourhood hub, fostering relationships and shared experiences that transcend generations. The mall’s unique charm, nostalgia and character ensure its lasting relevance to the surrounding communities. Despite its smaller size compared to the newer mega-malls, with approximately 280,000 square feet of net lettable area (NLA), Cheras LeisureMall has consistently remained one of the most popular malls in Cheras. Its wide variety of shops, F&B outlets, and leisure activities make it a favourite destination for the entire family. Part of its lasting appeal is the mall’s ability to adapt to meet changing market trends and customer expectations amidst a rapidly evolving retail landscape and economic fluctuations. Another feature that makes Cheras LeisureMall unique is its lasting bond with tenants, consistently maintaining a 90% occupancy rate over the decades. Several long-standing tenants that have been a part of the mall since its inception include Eu Yan Sang, Poh Kong, Popular, McDonald’s, Guardian, Baskin-Robbins, Cheinhoong Florist, Minit Cobbler, Sox World and AsterSpring. Other long-standing tenants such as Watsons, Wah Chan, Ogawa, Bata, Dalun and many more remain among the community’s favourites. This long-standing relationship with tenants has drawn its own set of loyal customers, many of whom grew up with and continue to frequent the same outlets with their children and grandchildren. In many ways, the tenants have helped create many lasting memories for shoppers that transcends generations. While the occupancy rate was affected during the COVID19 pandemic, the occupancy rate quickly rose to pre-pandemic levels of 96% occupancy within less than two years. This rapid growth in occupancy stands as a testament to Cheras LeisureMall’s key presence as a central neighbourhood hub in the community of Taman Segar, Cheras. F&B outlets saw a spike in demand post-pandemic, with shoppers more willing to spend on dining out and enjoying new experience. This surge saw the rapid opening of several F&B tenants such as a food court – Food City, Old Nanyang Café, one of the largest ZUS Coffee outlets in Malaysia and many more. The mall also saw continuous demand for technology and digital products, which led to several new tech brands opening at Cheras LeisureMall, such as Huawei, HONOR, Realme and many more. As the mall progresses with time, it evolves and attract changes in providing new shopping and dining experiences. Cheras Plaza, an ever-evolving commercial building The adjacent building, Cheras Plaza, has also enjoyed a storied history since its opening in 1987, growing and complementing Cheras LeisureMall’s offerings. Cheras Plaza housed the first Japanese department store, Chujitsu, outside of Japan, which strongly attracted many surrounding residents. The building became a centre of education when Sedaya College took over the entire premises. Eventually in 2002, the building was converted into an office tower, thus renamed as Cheras Plaza. In 2023, the entire building saw a major facelift, with a modern new aluminium façade and a transformed lobby. Air conditioning, new lifts and an upgraded cashless parking system provide all the conveniences of modern design with its charming past. Presently, the building has two main tenants on its ground and mezzanine floors: Hua Yuan Seafood and Sing V Karaoke, while offices occupy the upper floors. These two new establishments position Cheras Plaza as not just a premier office location but a dining and entertainment hub in the bustling Taman Segar neighbourhood. Growing with the times For many, Cheras LeisureMall was one of the very first malls in the Klang Valley that offered an indoor amusement park, bowling alley or cinema, making it a must-visit destination for visitors. It has undergone several rounds of refurbishments over the years to continue staying relevant to the evolving needs of consumers. The indoor theme park and bowling alley made way in the early 2000s to a plethora of dining options and expanded net lettable area, offering cuisines from different parts of the world. Both blocks have seen continuous upgrades and improvements, both in its building renovations and diverse tenancy mix, ensuring it stays up to date with the needs of its shoppers and tenants. The introduction of key tenants such as Fitness First in 2005, Village Grocer and Grand senQ in 2022, which was one of the first exclusive concept senQ outlets in Malaysia, continue shaping its unique offerings to its customers. The mall took a pioneering step towards sustainability by installing 360 solar panels on its rooftop back in 2009, with a peak capacity of 64.8 kWp. In 2009, the initial food court was renovated into what stands as Cravings Lane on Level 1, offering a wide range of new F&B options available. This area saw another facelift with a dedicated pedestrian link to the adjacent Taman Mutiara MRT station was unveiled in 2018, further enhancing its connectivity and drawing a wider audience to Cheras LeisureMall, such as students, working adults and tourists. Despite the changes,

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VinFast joins the Association of Indonesia Automotive Industries

JAKARTA, INDONESIA – Media OutReach Newswire – 25 July 2025 – VinFast officially announced its membership in the Association of Indonesia Automotive Industries (GAIKINDO), marking a significant milestone in its journey to strengthen its position in the local market and demonstrate its long-term commitment to accompanying Indonesia on its path toward greener mobility. GAIKINDO membership provides VinFast with the opportunity to accelerate electric vehicle (EV) adoption, get closer to local consumers, and contribute to the sustainable growth of Indonesia’s automotive industry. VinFast unveils the VF 7 at the GAIKINDO Indonesia International Auto Show 2025, attracting significant attention from the media and visitors alike. Founded in 1969, GAIKINDO has served as an important bridge between automotive businesses and the Indonesian government. Amid the global shift toward environmentally friendly transportation, GAIKINDO is actively promoting the development of the “green vehicle” manufacturing sector. Becoming a member offers VinFast a valuable opportunity to take part in shaping policies and contribute to the long-term growth of the automotive industry. Since entering the Indonesian market, VinFast has been accelerating the development of its “For a Green Future” EV ecosystem through its modern assembly plant project in Subang, strategic partnerships with Green SM, Indonesia’s pioneering all-electric taxi service, and V-GREEN, a global EV charging infrastructure developer, supporting the growth of Indonesia’s EV industry. In just over a year, VinFast has launched a diverse lineup of five electric vehicles, from the mini-SUV VF 3 to the C-SUV VF 7, meeting a wide range of consumer needs. The company continues to expand its business network, now with 24 showrooms across Jakarta, Bandung, Surabaya, and Bali, alongside an authorized service network operated by Otoklix and BOS, expected to grow to hundreds of locations nationwide this year. VinFast also offers attractive sales programs, including free charging via V-GREEN’s network, 0% interest financing, and a guaranteed buyback value of up to 90%, making its EVs more accessible to customers. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: “Becoming a GAIKINDO member is a milestone of special significance for us. This not only represents recognition of VinFast but also reaffirms our long-term commitment to building a sustainable electric mobility ecosystem here. As a GAIKINDO member, VinFast will actively collaborate with industry partners, regulators, and stakeholders to drive the green transition and support Indonesia in realizing its sustainable transportation goals.” Mr. Yohanes Nangoi – Chairman of GAIKINDO, stated: “GAIKINDO warmly welcomes VinFast – a pioneering EV brand from Vietnam – as the newest member of the association. VinFast’s participation will bring fresh energy to Indonesia’s automotive industry, accelerating the transition to cleaner and more sustainable mobility solutions. We look forward to VinFast’s positive contributions to expanding EV infrastructure and promoting wider EV adoption in Indonesia.”./. Hashtag: #VinFast https://vinfastauto.id/ The issuer is solely responsible for the content of this announcement.

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Citi Renews Coverage of Fosun International with a “Buy” Rating

HONG KONG SAR – Media OutReach Newswire – 25 July 2025 – Citi issued its latest report on 23 July, announcing the renewing coverage on Fosun International (00656.HK) with a “Buy” rating and a target price of HKD5.86. Citi has made material changes to its financial estimates on Fosun International, expecting core profit for financial year 2025 to grow by 197% year on year to RMB2.2 billion (excluding the one-off non-cash loss of RMB5.1 billion from Cainiao in financial year 2024). It also expects an 81% year-on-year profit growth in financial year 2026, primarily driven by the earnings recovery at the “Happiness” segment and lowered finance costs from the Group’s proactive deleveraging efforts. Citi also highlights that Fosun is accelerating its “strategic advancements and exits” strategy, targeting to divest over RMB80 billion in heavy assets and non-core assets. By end of June 2025, Fosun completed the sale of all its 99.743% stake in the German private bank HAL, while retaining the asset servicing business HAFS. Citi believes that the capital recycling from asset divestments will enhance shareholders’ returns and narrow the net asset value discount. The report points out that Fosun’s current share price trades at a 71% discount to its net asset value. Despite its stock performance outperforming the Hang Seng Index over the past 30 days (+14% vs. +7%), its valuation still has significant room for recovery. Citi is optimistic about Fosun International’s future earnings improvement and the re-rating potential brought by its deleveraging strategy, thus assigning a “Buy” rating to Fosun International. Hashtag: #Fosun #復星國際 The issuer is solely responsible for the content of this announcement.

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Unlocking trading flexibility: the power of Octa Broker’s swap-free accounts

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 July 2025 – In a dynamic and somewhat dangerous world of currency trading, it is critical to understand every element that impacts your potential profitability. While market spreads and brokers’ commissions form an integral component of trading costs, Forex swap points also play a major role in everyday operations, and yet they are often overlooked and misunderstood by traders. Although sometimes, swap points can be positive and generate a stable income for a trader, most of the time, they represent a recurring cost and can be a serious drag on profitability, especially for traders who prefer to hold positions overnight. This is why Octa, a globally regulated and trusted broker since 2011, provides a significant convenience by offering swap-free accounts for traders. Swap points explained When opening a Forex trade, a trader essentially borrows one currency to buy another. However, each currency has an associated interest rate, set by the respective central bank. The difference between these two interest rates in a Forex pair is what makes a ‘swap point’. In essence, a Forex swap point (also known as a ‘rollover fee’, ‘overnight interest’ or ‘holding cost’) is the interest rate differential between the two currencies. It is applied to positions held open overnight and is credited or debited automatically while being reflected in the final profitability of a trade. Let’s consider an example with a transaction involving two currencies with significantly different interest rates: the Australian dollar (AUD) and the Japanese yen (JPY). The Reserve Bank of Australia (RBA) has set its policy rate at 3.85%, and the Bank of Japan (BoJ) at 0.5%. Suppose you want to short (sell) AUDJPY at a 97.00 exchange rate and you initiate a full 1.0 lot position. A short one lot position means you sell 100,000 Australian dollars (AUD) against the Japanese yen (JPY). In order to sell something that you do not own, you need to borrow it first. So, you borrow 100,000 AUD and pay interest (cost). Then, you place the Japanese yen (that you bought) in a bank deposit for one day (overnight) and receive interest (income). If the interest rate on the Australian dollar loan is 3.85%, then you pay 10.55 Australian dollars per day (100,000 x 3.85% / 365). If the interest rate on the yen deposit is 0.5%, you will receive 132.9 yen per day (100,000 x 97 x 0.5% / 365), or just 1.37 Australian dollars at an exchange rate of 97.00. Thus, at the end of the day, the trader will incur a swap loss of 9.18 Australian dollars. And this will be a recurring cost every 24 hours. Not a very comfortable situation to be in, is it? Furthermore, even if a trader decides to trade currencies with relatively similar rates of interest and buy a higher-yielding currency against a lower-yielding currency, the swap rate may still be negative as brokers often add their markup or discount to the interbank swap rates. Why the absence of swap points at Octa Broker is so convenient For many Forex traders, particularly those employing mid-term to long-term strategies, the accumulation of swap points can significantly eat into potential profits or exacerbate losses. This is where Octa Broker’s ‘0% swaps’ policy becomes a game-changer. Indeed, Octa Broker has been trusted by millions of traders around the world precisely for its transparent trading conditions, no hidden tricks, and honest and convenient trading without swap points. Here are the benefits of having a 0% swap rate: Reduced trading costs The most obvious benefit is the elimination of recurring overnight fees. For traders who hold positions for days, weeks, or even months, these small daily charges can quickly add up to a substantial amount, impacting overall profitability. By removing swaps, Octa Broker helps traders keep more of their earnings. Flexibility in trading strategies Traders aiming to capitalise on longer-term market trends no longer have to worry about the mounting cost of holding positions overnight. 0% swap rate frees them and allows them to focus solely on market analysis and price action without the added pressure of daily swap calculations. Simpler profit/loss calculation Without swap points, calculating your net profit or loss on a trade becomes much more straightforward. You only need to consider the entry price, exit price, and any commissions or spreads, removing a variable that can complicate financial planning and risk management. No unpleasant surprises Swap rates can fluctuate based on central bank decisions and even market liquidity. Octa Broker’s swap-free offering removes this element of uncertainty, providing a more predictable trading environment. Accessibility for all traders For new traders, understanding and factoring in swap points can be an additional layer of complexity. Swap-free accounts simplify the learning curve, allowing them to focus on core trading principles. Furthermore, for traders whose religious beliefs prohibit earning or paying interest, swap-free accounts offer an ethical and compliant way to participate in the Forex market. Octa Broker’s commitment to offering 0% swaps on its trading instruments aligns with a trader-centric approach. This transparency is a cornerstone of how Octa builds trust with clients, empowering them with greater control over their trading costs and fostering more flexible strategy implementation. Ultimately, this contributes to a more transparent and convenient trading experience where traders can trust their broker to prioritise their success. For anyone considering holding forex positions for more than a day, the absence of swap points is a compelling advantage worth serious consideration. Along with other conditions benefiting traders, the zero-swap policy is one of the crucial tools that reliable brokers offer their clients to help them successfully navigate the markets. ___ Disclaimer: This press release does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences. Hashtag: #Octa The issuer is solely responsible for the content of

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MITEC Goes Mega For 5 Days With 2.5 Million People

Mega Karnival 3 Dimensi promises an unforgettable experience, featuring 130 seamless travel options for attendees to arrive in style. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 July 2025 – Prepare for an immersive experience as the highly anticipated Mega Karnival 3 Dimensi descends upon the Malaysia International Trade and Exhibition Centre (MITEC) for five days, from 30 July to 3 August 2025. Poised to attract 2.5 million visitors, this mega-event is a national showcase of entrepreneurship, innovation, culture and community empowerment, organised by FELDA, Kementerian Kemajuan Desa dan Wilayah (KKDW), and Kementerian Pembangunan Usahawan dan Koperasi (KUSKOP). JK Logistics and Transport committee, under the coordination of FELDA, KKDW and KUSKOP, in collaboration with MITEC and relevant authorities, has established a comprehensive transport and logistic arrangement to accommodate the massive influx of attendees and ensure a safe and efficient experience: Free Shuttle Bus Services (20 Rapid KL and 10 MARA Liner) A dedicated fleet of 30 shuttle buses will operate continuously from four strategic locations including KL Sentral, MRT Titiwangsa, Sunway Putra, and FELDA Tower. These shuttle services are frequent every 15 minutes, from 8:00 am to 10:20 pm daily with routes entering from MITEC South, drop off at South Entrance. 100 Over Chartered Coaches for Delegates Over 100 chartered buses per day are designated to transport delegates arriving from outside Kuala Lumpur directly to MITEC. To ensure smooth traffic flow, designated parking areas have been secured at the National Science Centre and Hockey Stadium. Drop-offs are routed separately from the shuttle bus line. Coordinated Logistics Scheduling MITEC, in close coordination with the main secretariat and the Logistics and Transport committee, has implemented a detailed scheduling plan. This plan meticulously covers move-in, show days, and teardown operations, ensuring seamless traffic control and operational efficiency throughout the entire event. Parking Facilities Specific parking zones for both visitors and exhibitors will be actively managed by traffic marshals and volunteers on duty throughout the event. Incentivised E-Hailing & Shuttle Use To enhance the visitor experience and support seamless arrivals, MITEC and the main secretariat are actively promoting the use of e-hailing services and encouraging visitors to utilize the provided shuttle services by offering lucky draincentives . MITEC is also offering RM5 Grab vouchers to encourage shared rides, cut traffic congestion and support a more sustainable, low-carbon transportation. Traffic Coordination with Local Authorities MITEC and the Logistics and Transport Committee are working with local authorities including DBKL, Traffic Police, Sentul Police, residents’ associations and developers around the KL Metropolis area. This close collaboration ensures pre-alerting, coordinated traffic management measures, roadside restrictions, and effective crowd control, prioritizing public safety and a smooth experience for all attendees and surrounding communities. Alternative Transport Facilities Beyond the main shuttle pickup points, MITEC has activated several alternative public transport options and supporting services in the vicinity for guests arriving from various directions. These include: Rapid KL services connecting to Semantan MRT Station, providing a direct link for those using the city’s rail network. GoKL buses servicing the Kepong, Menjalara, and Jinjang zones, extending reach to more residential areas. Trek ride services offering convenient pick-up and drop-off support for attendees staying in nearby hotels and Airbnb accommodations around the MITEC area. “We are incredibly excited to host the Mega Karnival 3 Dimensi, an event designed to bring joy, happiness and engagement to millions,” said Puan Norafizah Abd. Rahman, Deputy CEO of MITEC. “Our paramount concern is the comfort and safety of our visitors. The extensive transport and logistics plan put in place by Logistics and Transport Secretariat, alongside our partners, ensures that every aspect of their journey to and from the event will be as smooth and enjoyable as the event itself.” Visitors are strongly encouraged to plan their journey in advance and utilize the array of public transport and shuttle services available to ensure a hassle-free experience at Mega Karnival 3 Dimensi.Hashtag: #MITEC #Qube #VenueOfChoice #JustDifferent #GatewayToSoutheastAsia #KualaLumpur https://mitec.com.my/https://www.linkedin.com/company/mitec-myhttps://www.facebook.com/MITEC.MYhttps://www.instagram.com/mitec_my/https://www.youtube.com/channel/UCK7-gW7lGDB6Ajrl8fkxDRw The issuer is solely responsible for the content of this announcement. About the Malaysia International Trade & Exhibition Centre (MITEC) Situated within the expansive 75.5-acre KL Metropolis, MITEC is a key economic hub and gateway to Southeast Asia, nestled in Kuala Lumpur’s International Trade and Exhibition District. As one of the region’s largest MICE venues and Malaysia’s premier trade and exhibition Centre, MITEC offers an extensive range of facilities across 52,000 sqm. Distinguished by its grand features, MITEC houses Malaysia’s largest pillar-less exhibition hall, providing 12,960 sqm of column-free space on a single level. Complementing this are 11 spacious exhibition halls, equivalent in size to eight football fields combined, along with a ballroom, mini ballroom, multi-purpose hall, meeting rooms, VIP suites, lounges, offices, boardrooms, a café, an outdoor garden, and two amphitheaters. Notably, MITEC’s Level 1 exhibition halls feature heavy-duty loading capabilities with a maximum floor loading of 50kN/sqm, enabling the accommodation of heavy machinery—a pioneering feature in the country. Furthermore, MITEC ensures smooth accessibility and operational efficiency with direct 24-hour service ramp access to all floors and designated loading bays on each level to prevent congestion. The venue boasts centrally located 15m-long escalators, among Malaysia’s tallest and longest, equipped with energy-saving features and motion sensors to enhance sustainability initiatives. About Qube Integrated Malaysia Sdn. Bhd. Qube, based in Kuala Lumpur since 2005, excels as a B2B and B2C exhibition and event organiser with a global presence. Known for its venue management, World Expo pavilion creation, and comprehensive event services, Qube leverages its extensive experience to provide end-to-end solutions. Qube specialises in creating impactful event experiences, excelling in design, planning, and management for various events. Qube’s award-winning services extend to exhibition management, interior design, and venue management, making it a leader in the events sector.

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Bitcoin’s surge & beyond: An Octa broker forecast

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 24 July 2025 – Bitcoin (BTC) has been rising almost uninterruptedly over the past three months, setting new all-time highs (ATH) essentially every week since mid-May. According to Coinbase, BTCUSD surpassed the crucial $112,000 mark on 10 July and went on to touch the $123,200 level on 14 July. Since then, the market seems to have entered a period of consolidation, with prices fluctuating in the $116,000–120,000 range. The critical question now facing investors is whether this represents a prelude to a significant downward correction or if the current consolidation will merely serve as a springboard for the rally to continue its upward trajectory. Kar Yong Ang, a financial market analyst at Octa Broker, explains the reasons for the rally and examines potential scenarios. Following the spring pullback, when the price of the world’s major crypto currency dipped below $75,000 in early April, BTC rallied 65% and was trading slightly above the $123,000 level by mid-July. The major drivers for such an impressive rally include renewed investor optimism, rising institutional flows, a favourable regulatory environment, and skewed BTC supply. Kar Yong Ang, a financial market analyst at Octa broker comments: ‘In many ways, the stars have aligned for Bitcoin holders, with significant improvements in risk sentiment and supportive regulatory news truly propelling its ascent’. Indeed, the rally kicked off on 22 April, sparked by U.S. Treasury Secretary Scott Bessent’s suggestion of a potential de-escalation in U.S.-China trade tensions. The following day, President Donald Trump further boosted sentiment by hinting at lower tariffs for China and retracting threats to dismiss Federal Reserve (Fed) Chair Jerome Powell. This news improved risk appetite and sent BTCUSD up by 6.82% on 22 April alone. Optimism for global trade was further fueled on 8 May, when Donald Trump unveiled a new trade deal with the United Kingdom (UK)—the first since the ‘reciprocal’ tariff pause—propelling BTCUSD higher by an additional 6.38%. Apart from positive headlines, deeper structural transformations—notably, a mismatch between supply and demand—have also played a key role. It is no secret that Bitcoin’s total final emission is limited to 21 million coins. Additionally, bitcoin undergoes a “halving” event approximately every four years, which cuts the reward for mining new blocks in half, thus limiting the daily average supply of new bitcoins. Following the most recent halving, a new Bitcoin block is now mined roughly every 10 minutes, and the reward per block is 3.125 BTC. Therefore, the daily issuance of new Bitcoin currently stands at just around 450 coins per day. This is how it is calculated: (6 blocks/hour×24 hours/day)×3.125 BTC/block = 144 blocks/day×3.125 BTC/block = 450 BTC/day. This daily issuance has been vastly outpaced by demand from exchange-traded funds (ETFs), which have been absorbing up to 10,000 BTC per day. A mismatch between natural supply and ETF-driven demand has created a severe shortage in available coins, fueling aggressive upward price momentum. The imbalance has been exacerbated by continued investor preference for bitcoin vs other, less liquid, and less developed coins. Institutional flows into crypto investment vehicles have further amplified the rally, signalling growing mainstream adoption. BlackRock reported a 366% quarter-over-quarter surge in crypto ETF inflows in Q2 2025, with allocations rising to $14 billion, now comprising 16.5% of its total ETF flows. Similarly, U.S.-listed Bitcoin ETFs posted their second consecutive $2 billion inflow week in mid-July. This growing supply-demand imbalance has coincided with significant regulatory milestones in the U.S. Specifically, the Republicans have pushed forward three pieces of legislation (the Genius Act, the Clarity Act and the Anti-CBDC Surveillance State Act) aimed at creating a regulatory framework for the growing cryptocurrency market. The Genius Act, which focuses on stablecoins, creating a comprehensive regulatory framework for their issuance and oversight, has already been signed into law by President Trump, while the Clarity Act and the Anti-CBDC Surveillance State Act are yet to be passed by the Senate. Overall, the increasing crypto interest and adoption drove the crypto market capitalization to hit $4 trillion on 18 July, reflecting its strength and maturity with bitcoin in particular becoming a central part of the global investment landscape. BTC Rally Outlook: A Burning Topic With so many factors working in Bitcoin’s favour, it seems reasonable to infer that its price will likely continue to go higher in the long term. And while this may be true, it is still important to highlight major risks that lie ahead. Kar Yong Ang, comments: ‘Technically, Bitcoin looks like it is preparing for a major downward correction. BTCUSD failed to hold above the 0.618 extension level of the bullish trend, which commenced in early April. The price has formed a long wick on the daily chart, signalling an exhaustion of the bullish trend. A decline towards the 112,000 level is now highly likely. A break below 112,000 would open the way towards the 105,000 level.’ BTCUSD DAILY CHART Source: TradingView Indeed, the failure to hold the 121,500 level on 14 July and the subsequent correction on 15 July occurred on very strong volume, meaning that traders are uncertain about the next big move and doubt that a rally can be sustained in the short term. Furthermore, fundamentals have turned sour lately. After a 0.1% increase in May, U.S. consumer prices rose 0.3% in June, a roughly 3.5% annual rate, which is uncomfortably above the Fed’s target rate. This renewed inflationary pressure diminishes the likelihood of a September interest rate cut by the Fed and may exert bearish pressure on equity and crypto valuations. A similar scenario is evident in other major economies. For example, UK CPI rose to 3.6% in June from 3.4% in May and also undermined the widespread anticipation of a rate cut by the Bank of England (BoE). In other words, the global monetary policy may not be as accommodative as investors had hoped for previously, making them reluctant to purchase in risky assets Three BTC price action scenarios Kar Yong Ang of Octa Broker has come up with three

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BlueLink International CZ certified as one of the Best Places to Work in the Czech Republic for 2024: A testament to exemplary human capital practices

PRAGUE, CZECH REPUBLIC – Media OutReach Newswire – 24 July 2025 – BlueLink, a prominent provider of customer relationship management solutions, has been formally recognized as a “Best Place to Work” in the Czech Republic for 2024. This prestigious certification acknowledges BlueLink’s commitment to fostering an outstanding workplace culture, high employee engagement, and a people-centric approach to human resource management. The “Best Places to Work” certification program rigorously evaluates organizations based on their adherence to best practices in human resources management and their substantive commitment to establishing an inclusive, intellectually stimulating, and high-performing work environment. This recognition signifies BlueLink’s successful alignment with established benchmarks for organizational effectiveness and employee well-being. Commenting on this significant achievement, Vincent Leonardi, General Manager of BlueLink Czech Republic, stated: “Being recognized as a Best Place to Work is proof of our commitment to creating an environment where every employee can succeed. Our culture of inclusivity, continuous learning, and internal growth opportunities ensures that our team members feel supported and valued. I’m proud to be part of a company where personal development is not just encouraged but actively facilitated.” Hashtag: #BestPlaceToWork #BlueLink The issuer is solely responsible for the content of this announcement. About BlueLink: BlueLink is a global provider of customer experience services, supporting high-end brands in travel, luxury and lifestyle. As part of the Air France–KLM Group, BlueLink combines operational excellence with a strong people culture. With 550 employees in Prague representing 73 nationalities, the company values inclusivity, innovation, and long-term growth — both for its clients and its people. For more information, visit www.bluelinkservices.com For more information about the certification program, please visit www.bestplacestoworkfor.org. LinkedIn: https://www.linkedin.com/company/best-places-to-work-program/ Twitter: http://www.twitter/bptw4 Facebook: https://www.facebook.com/bptw4all/

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DBS Launches Gen AI-Powered Coaching Tool to Future Proof Its Workforce

HONG KONG SAR – Media OutReach Newswire – 24 July 2025 – DBS announced today that it is democratising coaching for its workforce with the launch of iCoach, a Generative AI-powered (Gen AI) platform developed in collaboration with Marshall Goldsmith, one of the world’s top executive coaches. While most corporations reserve coaching[1] for their top executives or high potential talent, DBS believes that employees at all levels would benefit from coaching by receiving expert advice on career development as well as topical issues such as work-life balance, personal and small team leadership, or mental wellness. However, the main challenge has always been scaling coaching in an efficient and cost-effective manner – coaching is usually done on a one-to-one basis and can be costly. With the advent of Gen AI, DBS saw an opportunity to leverage the technology to overcome these challenges, enabling the bank to avail coaching to employees across its network. Lee Yan Hong, Head of Group Human Resources, DBS, said, “As the world of work continues to evolve, building career resilience has become more important than ever. At DBS, we are committed to helping our people thrive by equipping them with future-ready capabilities through our comprehensive Triple E framework – Education, Exposure and Experience. iCoach is a powerful new addition that complements these efforts, leveraging Gen AI to offer personalised, on-demand career guidance to help every employee confidently navigate and grow in the future of work.” Betty Lam, Head of Human Resources, DBS Hong Kong, said, “DBS continues to entrench our standing as a Responsible AI leader and bring our employees along this responsible AI journey where AI is used ethically and effectively. iCoach is a powerful tool that allows our employees to focus on personal and career growth. At the same time, we also encourage our employees to equip themselves with the necessary AI skills, which will be crucial for our collective success.” iCoach’s knowledge base was developed in partnership with Marshall Goldsmith, a leading coaching expert with over four decades of experience working with top CEOs and executives, including those from Fortune 500 companies. Dr Goldsmith was inducted by Thinkers50[2] into its Hall of Fame in 2018 and is the only two-time Thinkers50 #1 Leadership Thinker in the World. He was also the inaugural winner of the Lifetime Award for Leadership by the Harvard Institute of Coaching. iCoach is always-on and available 24/7 to provide employees with just-in-time personalised career guidance. It is tailored to each employee, drawing on the context of the bank’s roles, functions and internal mobility pathways to deliver relevant and actionable career advice. Data from International Coaching Federation and Better Up Career Coaching showed 70% of people in organisations who underwent coaching benefitted from improved work performance, relationships and more effective communication skills. 80% of people who received coaching reported increased self-confidence. iCoach further reinforces the bank’s commitment to upskilling its employees and building career resilience, and complements other DBS initiatives including: iGrow, an AI / machine learning-powered platform that offers personalised career advice by matching employees to tailored learning and job opportunities based on their career and training history. DBS Mentoring Programme, which connects employees with leaders and peers, enabling them to gain practical guidance, career insights and support at critical points in their professional growth. DBS Learning Hub, which provides employees with more than 10,000 curated courses, to learn and pick up new skills. Be My Guest Programme, where employees have the opportunity to participate in job shadowing, workshops and projects across departments. Last year, over 4,000 such opportunities were taken up by employees. The bank’s commitment to supporting employees with career development has contributed to its recognition as an employer of choice. In 2025, DBS was ranked first in TIME’s 500 Best Companies in Asia Pacific, while in 2024, the bank was named among Forbes World’s Best Employers. In Hong Kong, DBS Hong Kong was also recognised at the “Bloomberg Businessweek – Financial Institutions 2025 Awards”, winning the “Training Academy – Excellence Performance” and “Training Program of the Year – Outstanding Performance” awards. Additionally, DBS Hong Kong was honoured with the “Employer of the Year”, “HR Team of the Year”, and the “Grand Award of Recruitment” at the Jobsdb Hong Kong HR Awards 2024/25. [1] Coaching focuses on achieving specific, short-term goals through structured guidance, while mentoring emphasises long-term personal and professional growth through a supportive relationship. For more info here. [2] Thinkers50 is the world’s pre-eminent global ranking of management thinkers and has been described by The Financial Times as “the Oscars of management thinking”. Hashtag: #DBS The issuer is solely responsible for the content of this announcement. About DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities

Energy & Technology

Hyundai Unveils World’s Most Aerodynamic EV With Ultra-Low Drag Coefficient Of 0.144

HWASEONG, In the heart of Hyundai Motor’s Namyang R&D Center, a sleek white sedan sits motionless as six high-speed wind streams blast across its surface at 140 kilometers per hour. It’s not just any test vehicle—this is Hyundai’s Aero Challenge concept car, now officially the world’s most aerodynamic electric vehicle with a record-breaking drag coefficient of 0.144. Hyundai’s Aero Challenge concept car achieved a drag coefficient of 0.144, the lowest in the world. The drag coefficient is a crucial factor in the era of EV competition as it is a direct contributor to how far an EV can go on a single charge.  Though drag coefficients may seem like a niche metric, they play a vital role in electric vehicle (EV) performance, particularly in range efficiency. The lower the drag, the farther an EV can travel on a single charge—making aerodynamic innovation a central focus at Namyang, the global research hub of the world’s third-largest automaker. “With the Aero Challenge, we’ve achieved a world-first drag coefficient of 0.144, surpassing previous benchmarks set by Mercedes-Benz (0.19) and Chery (0.16),” said Park Sang-hyun, Head of Hyundai’s Aerodynamics Development Team, during a press tour of the center on Wednesday. A wind tunnel fan 8.4 meters (27 feet, 7 inches) in diameter, capable of generating winds equivalent to speeds of up to 200 kilometers per hour (124 miles per hour) and powered by a 3,400-horsepower motor, at Hyundai Motor Group’s Namyang R&D Center in Hwaseong, Gyeonggi. The milestone is the result of years of meticulous testing in Hyundai’s advanced wind tunnel, powered by a 3,400-horsepower motor and equipped with an 8.4-meter-diameter fan capable of simulating wind speeds of up to 200 kilometers per hour. Park noted that even a slight reduction in drag—by as little as 0.01—can improve driving range by an estimated 6.4 kilometers. Namyang’s 3.3-million-square-meter campus, established in 1996, serves as the nerve center for Hyundai’s innovation pipeline. From conceptual design to engineering and testing, it handles all stages of vehicle development across passenger, commercial, and electric models. Inside the environmental test lab, the contrast was stark. While the outdoor heat soared past 40 degrees Celsius, an Ioniq 9 endured a simulated snowstorm within a cold chamber chilled to minus 30 degrees. Bundled researchers inspected the vehicle’s frunk—where an engine would traditionally sit—to ensure critical EV components like the battery, charging port, and electronics are sealed from moisture intrusion. An Ioniq 9 EV sits blanketed in snow inside the environmental testing facility, where vehicles are tested under simulated snowfall at Hyundai Motor Group’s Namyang R&D Center in Hwaseong, Gyeonggi. Researchers inspect the frunk of an Ioniq 9 EV, which sits blanketed in snow inside the environmental testing facility, where vehicles are tested under simulated snowfall at Hyundai Motor Group’s Namyang R&D Center in Hwaseong, Gyeonggi,. “Even a small amount of snow reaching the charging port or battery system could lead to serious malfunctions,” said Hong Hwan-ui from Hyundai’s Thermal Energy Vehicle Testing Team. “Since 2003, every Hyundai and Kia model must go through this chamber before hitting the market.” A Genesis GV70 is tested on its road noise level at Hyundai Motor Group’s Namyang R&D Center in Hwaseong, Gyeonggi. Another major area of competition in the EV space is comfort—particularly a smooth and quiet ride. Hyundai’s Road Noise Testing Lab is dedicated to this, where vehicles like the Genesis GV70 are tested on a dynamic floor simulating various road textures. Engineers monitor real-time frequency graphs to identify and analyze noise spikes caused by road interactions. Nearby, a high-speed tire uniformity tester spins wheels up to 320 kilometers per hour across simulated bumps to evaluate ride quality and reduce vibration-related discomfort—a growing concern with heavier battery-powered vehicles. A researcher inspects tires to detect even the slightest vibrations at Hyundai Motor Group’s Namyang R&D Center in Hwaseong, Gyeonggi. Hyundai’s continued investment in R&D has played a key role in its ascent in the global auto industry. The Hyundai Motor Group has held its position as the world’s third-largest automaker since 2022, delivering 7.23 million vehicles worldwide in 2024. A large part of this success has come from its expanding EV lineup, particularly in North America, where Hyundai and Kia’s combined EV sales recently climbed to the No. 2 spot behind Tesla, overtaking General Motors. However, future growth may be at risk. A recent U.S. policy shift—President Donald Trump’s “One Big Beautiful Bill Act,” effective July 4—has rolled back EV tax credits of up to $7,500 for vehicles not assembled in North America, a reversal of the Biden-era incentives that were slated to run through 2032. The impact has been immediate. Exports of Hyundai and Kia EVs to the U.S. fell 88 percent year-on-year to just 7,156 units between January and May 2025, according to data from the Korea Automobile & Mobility Association. As Hyundai continues to push the boundaries of EV design, technology, and efficiency, the company’s ability to navigate shifting global policies will be just as critical as its innovations on the test track.

Investment & Market Trends

Evergreen Cahaya Secures RM40 Million Through Share Subscription Agreement With DPK Private Equity

KUALA LUMPUR, Evergreen Max Cash Capital Bhd (EMCC) has secured RM40 million in funding through a share subscription agreement aimed at expanding its Ar-Rahnu Tawarruq (Islamic pawnbroking) services. The funding will be raised via the issuance of 40 million Islamic Redeemable Convertible Preference Shares (RCPS-i) at RM1 each by EMCC’s wholly owned subsidiary, Evergreen Cahaya Holdings Sdn Bhd, to DPK Private Equity Sdn Bhd (DPKPE). According to the agreement signed on Wednesday, the RCPS-i will carry a preferential dividend rate of 8.5% per annum, payable cumulatively from distributable profits, though non-compounding. DPKPE will have the option to convert the RCPS-i into ordinary shares or redeem them at 1.6 times the total subscription amount, minus any dividends received, upon maturity or in the event of a default. The agreement also includes a put option that allows DPKPE to require EMCC to repurchase the RCPS-i or conversion shares within 90 days of certain trigger events, under agreed conditions. EMCC noted that the issuance will not dilute its share capital or impact earnings per share, but it will raise the company’s total borrowings from RM112.84 million to RM152.84 million as of December 2024, increasing its gearing ratio from 0.48 times to 0.64 times. On Wednesday, EMCC shares closed half a sen lower at 29.5 sen, down 1.7%, bringing its market capitalisation to RM328.9 million.

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