Media OutReach

SINGAPORE – Media OutReach Newswire – 14 January 2025 – INTERFEL (the Interbranch Association for Fresh French Fruit and Vegetables) is back in Singapore with great success presenting its latest range of sustainable French apples for fruit lovers in Singapore to enjoy. (Top) Interfel Singapore Roadshow, (Bottom) Interfel Singapore Kombucha Workshop France has over 100 different apple varieties thanks to its unique climate and fertile soil. Recently, climate change has significantly impacted global agriculture, particularly affecting fruit cultivation. Following a challenging harvest in 2023, Europe’s apple production is anticipated to drop to its second-lowest level of the century, primarily due to severe frost conditions in Eastern Europe, which will result in a total yield of just 10.2 million tons—a decline of 1.3 million tons compared to the previous year. In contrast, France’s total apple production in 2024 remains relatively stable, projected at 1.463 million tons. This reflects a slight decrease from 2023 but represents a 2.5% increase compared to the three-year average, showcasing the resilience of French apple cultivation. The outlook for specific apple varieties varies widely. While the yield of certain international varieties, such as Granny Smith and Fuji, declines by 26-27%, the production of club varieties and local selections remains relatively steady. For instance, Pink Lady, France’s third-largest variety, is projected to yield 164,000 tons, indicating a modest decline of 5%. Meanwhile, the crop of Jazz is expected to increase by 16%, and both Chantecler and newly introduced varieties are also continuing to grow. For more than 25 years, French apple growers have proactively embraced innovative and adaptive measures. They are implementing sustainable agricultural practices such as precision irrigation, soil management, and environmentally friendly pest control to ensure the healthy growth of the trees and enhance their resilience. These methods not only protect the environment but also secure a sustainable supply of high-quality apples. Each apple not only tastes delicious but also embodies this commitment. To introduce the authenticity of its produce and its process of responsible farming, INTERFEL hosted a series of annual activities in Singapore. The series of activities include French Apple Kombucha Workshop for influencers, consumer roadshow, and in-store samplings at major retail stores such as Fairprice, Giant, and Cold Storage. The activities happened from November 2024 until the end of January 2025 with great success. With emphasis on sustainability, Interfel aims to expand their initiative by promoting diverse methods of consuming French Apples and supporting sustainability through various activities that offer versatile uses for French Apples, promoting health, and minimizing the environmental footprint—all while celebrating the varied culinary possibilities of this nutritious fruit. These activities were a resounding success, drawing the participation of 25 local influencers in the French Apple Kombucha Workshop and reaching over thousands of consumers through in-store samplings. Consumers also enjoyed lively roadshow events featuring fun games and exciting prizes, making the experience both memorable and interactive. French apples are still in season and available at major Singapore supermarkets until April 2025. Today, almost 1,300 French apple growers are committed to producing high-quality apples that are both environmentally friendly and rich in taste. Want to discover more delicious recipes and updates about French apples? Follow us on social media @FruitVegFromFR for the latest news and event information, letting you get up close and personal with this delightful and healthy offering from France! Hashtag: #interfel #enjoyitsfromeurope #frenchapples #fruitvegfromfrance #argiculture #retail https://x.com/fruitvegfromfrhttps://www.instagram.com/fruitvegfromfr/ The issuer is solely responsible for the content of this announcement. Interfel, the Fresh Fruits and Vegetables Interprofession from France. Interfel, the Fresh Fruits and Vegetables Interprofession, was established in 1976 and represents all aspects of the fresh fruit and vegetable sector, including production, cooperation, shipping, import, export, wholesale trade, distribution, and collective catering. As a private law organization, Interfel has been recognized as a national agricultural interprofessional association by French rural law and the European Union since November 21, 1996, within the framework of the Single Common Market Organization (OCM). The 15 members of Interfel are the national representative associations of the various professions in the sector. An interprofessional advocates for the interests of the professionals it represents and provides advice to its members. With 75,000 companies and 450,000 direct jobs, including 250,000 seasonal workers, all trades in the sector are represented. (Source: Interfel, Sept. 2015). Interfel is a platform for interprofessional dialogue, aiming to promote the sector and its professions and encourage the consumption of fresh fruit and vegetables. Its missions include understanding consumers and markets and adapting the supply of fresh fruits and vegetables to demand, discussing interprofessional agreements with public authorities, defining the sector’s strategic orientations in research and experimentation, promoting and defending the sector on the national and international market, and implementing communication actions, including information and advertising. #enjoyitsfromeurope #frenchapples

SINGAPORE – Media OutReach Newswire – 14 January 2025 – INTERFEL (the Interbranch Association for Fresh French Fruit and Vegetables) is back in Singapore with great success presenting its latest range of sustainable French apples for fruit lovers in Singapore to enjoy. (Top) Interfel Singapore Roadshow, (Bottom) Interfel Singapore Kombucha Workshop France has over 100 different apple varieties thanks to its unique climate and fertile soil. Recently, climate change has significantly impacted global agriculture, particularly affecting fruit cultivation. Following a challenging harvest in 2023, Europe’s apple production is anticipated to drop to its second-lowest level of the century, primarily due to severe frost conditions in Eastern Europe, which will result in a total yield of just 10.2 million tons—a decline of 1.3 million tons compared to the previous year. In contrast, France’s total apple production in 2024 remains relatively stable, projected at 1.463 million tons. This reflects a slight decrease from 2023 but represents a 2.5% increase compared to the three-year average, showcasing the resilience of French apple cultivation. The outlook for specific apple varieties varies widely. While the yield of certain international varieties, such as Granny Smith and Fuji, declines by 26-27%, the production of club varieties and local selections remains relatively steady. For instance, Pink Lady, France’s third-largest variety, is projected to yield 164,000 tons, indicating a modest decline of 5%. Meanwhile, the crop of Jazz is expected to increase by 16%, and both Chantecler and newly introduced varieties are also continuing to grow. For more than 25 years, French apple growers have proactively embraced innovative and adaptive measures. They are implementing sustainable agricultural practices such as precision irrigation, soil management, and environmentally friendly pest control to ensure the healthy growth of the trees and enhance their resilience. These methods not only protect the environment but also secure a sustainable supply of high-quality apples. Each apple not only tastes delicious but also embodies this commitment. To introduce the authenticity of its produce and its process of responsible farming, INTERFEL hosted a series of annual activities in Singapore. The series of activities include French Apple Kombucha Workshop for influencers, consumer roadshow, and in-store samplings at major retail stores such as Fairprice, Giant, and Cold Storage. The activities happened from November 2024 until the end of January 2025 with great success. With emphasis on sustainability, Interfel aims to expand their initiative by promoting diverse methods of consuming French Apples and supporting sustainability through various activities that offer versatile uses for French Apples, promoting health, and minimizing the environmental footprint—all while celebrating the varied culinary possibilities of this nutritious fruit. These activities were a resounding success, drawing the participation of 25 local influencers in the French Apple Kombucha Workshop and reaching over thousands of consumers through in-store samplings. Consumers also enjoyed lively roadshow events featuring fun games and exciting prizes, making the experience both memorable and interactive. French apples are still in season and available at major Singapore supermarkets until April 2025. Today, almost 1,300 French apple growers are committed to producing high-quality apples that are both environmentally friendly and rich in taste. Want to discover more delicious recipes and updates about French apples? Follow us on social media @FruitVegFromFR for the latest news and event information, letting you get up close and personal with this delightful and healthy offering from France! Hashtag: #interfel #enjoyitsfromeurope #frenchapples #fruitvegfromfrance #argiculture #retail https://x.com/fruitvegfromfrhttps://www.instagram.com/fruitvegfromfr/ The issuer is solely responsible for the content of this announcement. Interfel, the Fresh Fruits and Vegetables Interprofession from France. Interfel, the Fresh Fruits and Vegetables Interprofession, was established in 1976 and represents all aspects of the fresh fruit and vegetable sector, including production, cooperation, shipping, import, export, wholesale trade, distribution, and collective catering. As a private law organization, Interfel has been recognized as a national agricultural interprofessional association by French rural law and the European Union since November 21, 1996, within the framework of the Single Common Market Organization (OCM). The 15 members of Interfel are the national representative associations of the various professions in the sector. An interprofessional advocates for the interests of the professionals it represents and provides advice to its members. With 75,000 companies and 450,000 direct jobs, including 250,000 seasonal workers, all trades in the sector are represented. (Source: Interfel, Sept. 2015). Interfel is a platform for interprofessional dialogue, aiming to promote the sector and its professions and encourage the consumption of fresh fruit and vegetables. Its missions include understanding consumers and markets and adapting the supply of fresh fruits and vegetables to demand, discussing interprofessional agreements with public authorities, defining the sector’s strategic orientations in research and experimentation, promoting and defending the sector on the national and international market, and implementing communication actions, including information and advertising. #enjoyitsfromeurope #frenchapples

Dusit Princess Moena and Dusit Princess Firenze to open in 4Q 2029. BANGKOK, THAILAND – Media OutReach Newswire – 14 January 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, represented in the Philippines by Dusit Thani Philippines Inc., has signed hotel management agreements with IDC Prime, a wholly owned subsidiary of Italpinas Development Corp, a design-driven developer of sustainable properties in emerging cities in the Philippines, to manage two new hotels in Northern Mindanao under Dusit’s upper-midscale Dusit Princess brand. Under the agreement, Dusit will manage two hotels: Dusit Princess Firenze and Dusit Princess Moena. Pictured here, Dusit Princess Moena will be a highlight of the sustainability-focused Moena Mountain Estate, nestled in the lush, forested mountains of Manolo Fortich, Bukidnon. Slated to open in late 2029, Dusit Princess Moena will be a standout feature of Moena Mountain Estate, a sustainability-focused mixed-use development located in the lush, forested mountains of Manolo Fortich, Bukidnon, on the outskirts of the Mount Kitanglad Range Natural Park. Thoughtfully designed to blend seamlessly with its natural surroundings, the 184-key hotel will cater to both business and leisure travellers, offering a wide range of premium facilities, including a lobby lounge, business centre, all-day dining restaurant, outdoor pool, fully equipped gym, yoga room, and a versatile multipurpose area. Known as the ‘Baguio of Mindanao,’ Dahilayan is already a popular destination for nature enthusiasts thanks to its stunning mountain scenery, striking landscapes, cool climate, and a variety of outdoor adventures. With its contemporary accommodation and extensive range of services, Dusit Princess Moena will further enhance the area’s appeal, complementing existing attractions such as Dahilayan Adventure Park and the expansive Del Monte Pineapple plantations. Further north, and also slated to open in late 2029, Dusit Princess Firenze will be a key highlight of IDC’s Firenze Green Tower project in the Limketkai area of Cagayan de Oro, near the city’s commercial and business districts. Leveraging the city’s reputation as the “Adventure Capital of the Philippines” and its fast-growing business and leisure markets, this 14-storey mixed-use green development will seamlessly combine commercial, residential, and hotel spaces. Dusit will manage 180 rooms on the tower’s upper floors, providing guests with exceptional views and Dusit’s signature high standards of service. Designed to provide unparalleled convenience, memorable experiences, and exceptional value for guests and residents alike, the project will also feature an array of premium facilities, including a gym, spa, multipurpose areas, commercial spaces, and a swimming pool. “We are delighted and honoured to collaborate with IDC Prime to further expand our presence in the Philippines through these remarkable projects,” said Gilles Cretallaz, Chief Operating Officer, Dusit International. “The Philippine’s dynamic economic growth and thriving tourism sector offer unparalleled opportunities for innovation and advancement. With IDC Prime’s shared commitment to sustainability and positive impact, we are excited to bring our distinctive Thai-inspired gracious hospitality to these vibrant Mindanao destinations, delivering meaningful and memorable guest experiences while creating lasting value for the broader community.” The Firenze Green Tower and Moena Mountain Estate projects are pre-existing real estate joint ventures between IDC, as the property developer, and the Go family, the original site owners. Adding hotel components to these developments is set to elevate their appeal, positioning Dusit Princess Moena and Dusit Princess Firenze as destinations in their own right. “IDC was founded on our belief in the Philippine’s growth story, particularly in areas such as these, which are full of potential for transformative development” said Arch. Romolo Nati, CEO and Chairman, IDC Prime. “Our projects are recognised for their sustainability and architectural innovation, consistently delivering a ‘level-up’ in elegance and quality. Partnering with Dusit to bring world-class hotels to Cagayan de Oro and Bukidnon is a natural extension of this vision, and we look forward to welcoming these exceptional properties to our portfolio.” Dusit’s portfolio currently includes 302 properties operating across 19 countries, including 58 properties under Dusit Hotels and Resorts and 244 luxury villas under Elite Havens, the leading provider of luxury villa rentals in Asia. Dusit-branded hotels currently operating in the Philippines include Dusit Thani Manila, Dusit Thani Mactan Cebu Resort, Dusit Thani Residence Davao, dusitD2 Davao, and Dusit Thani Lubi Plantation Resort. Hashtag: #DusitInternational #DusitPrincessMoena #DusitPrincessFirenze The issuer is solely responsible for the content of this announcement. About Dusit Hotels and Resorts Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide. For more information, please visit dusit.com About Dusit International Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services. Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification. For more information, please visit dusit-international.com

Dusit Princess Moena and Dusit Princess Firenze to open in 4Q 2029. BANGKOK, THAILAND – Media OutReach Newswire – 14 January 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, represented in the Philippines by Dusit Thani Philippines Inc., has signed hotel management agreements with IDC Prime, a wholly owned subsidiary of Italpinas Development Corp, a design-driven developer of sustainable properties in emerging cities in the Philippines, to manage two new hotels in Northern Mindanao under Dusit’s upper-midscale Dusit Princess brand. Under the agreement, Dusit will manage two hotels: Dusit Princess Firenze and Dusit Princess Moena. Pictured here, Dusit Princess Moena will be a highlight of the sustainability-focused Moena Mountain Estate, nestled in the lush, forested mountains of Manolo Fortich, Bukidnon. Slated to open in late 2029, Dusit Princess Moena will be a standout feature of Moena Mountain Estate, a sustainability-focused mixed-use development located in the lush, forested mountains of Manolo Fortich, Bukidnon, on the outskirts of the Mount Kitanglad Range Natural Park. Thoughtfully designed to blend seamlessly with its natural surroundings, the 184-key hotel will cater to both business and leisure travellers, offering a wide range of premium facilities, including a lobby lounge, business centre, all-day dining restaurant, outdoor pool, fully equipped gym, yoga room, and a versatile multipurpose area. Known as the ‘Baguio of Mindanao,’ Dahilayan is already a popular destination for nature enthusiasts thanks to its stunning mountain scenery, striking landscapes, cool climate, and a variety of outdoor adventures. With its contemporary accommodation and extensive range of services, Dusit Princess Moena will further enhance the area’s appeal, complementing existing attractions such as Dahilayan Adventure Park and the expansive Del Monte Pineapple plantations. Further north, and also slated to open in late 2029, Dusit Princess Firenze will be a key highlight of IDC’s Firenze Green Tower project in the Limketkai area of Cagayan de Oro, near the city’s commercial and business districts. Leveraging the city’s reputation as the “Adventure Capital of the Philippines” and its fast-growing business and leisure markets, this 14-storey mixed-use green development will seamlessly combine commercial, residential, and hotel spaces. Dusit will manage 180 rooms on the tower’s upper floors, providing guests with exceptional views and Dusit’s signature high standards of service. Designed to provide unparalleled convenience, memorable experiences, and exceptional value for guests and residents alike, the project will also feature an array of premium facilities, including a gym, spa, multipurpose areas, commercial spaces, and a swimming pool. “We are delighted and honoured to collaborate with IDC Prime to further expand our presence in the Philippines through these remarkable projects,” said Gilles Cretallaz, Chief Operating Officer, Dusit International. “The Philippine’s dynamic economic growth and thriving tourism sector offer unparalleled opportunities for innovation and advancement. With IDC Prime’s shared commitment to sustainability and positive impact, we are excited to bring our distinctive Thai-inspired gracious hospitality to these vibrant Mindanao destinations, delivering meaningful and memorable guest experiences while creating lasting value for the broader community.” The Firenze Green Tower and Moena Mountain Estate projects are pre-existing real estate joint ventures between IDC, as the property developer, and the Go family, the original site owners. Adding hotel components to these developments is set to elevate their appeal, positioning Dusit Princess Moena and Dusit Princess Firenze as destinations in their own right. “IDC was founded on our belief in the Philippine’s growth story, particularly in areas such as these, which are full of potential for transformative development” said Arch. Romolo Nati, CEO and Chairman, IDC Prime. “Our projects are recognised for their sustainability and architectural innovation, consistently delivering a ‘level-up’ in elegance and quality. Partnering with Dusit to bring world-class hotels to Cagayan de Oro and Bukidnon is a natural extension of this vision, and we look forward to welcoming these exceptional properties to our portfolio.” Dusit’s portfolio currently includes 302 properties operating across 19 countries, including 58 properties under Dusit Hotels and Resorts and 244 luxury villas under Elite Havens, the leading provider of luxury villa rentals in Asia. Dusit-branded hotels currently operating in the Philippines include Dusit Thani Manila, Dusit Thani Mactan Cebu Resort, Dusit Thani Residence Davao, dusitD2 Davao, and Dusit Thani Lubi Plantation Resort. Hashtag: #DusitInternational #DusitPrincessMoena #DusitPrincessFirenze The issuer is solely responsible for the content of this announcement. About Dusit Hotels and Resorts Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide. For more information, please visit dusit.com About Dusit International Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services. Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification. For more information, please visit dusit-international.com

Dusit Princess Moena and Dusit Princess Firenze to open in 4Q 2029. BANGKOK, THAILAND – Media OutReach Newswire – 14 January 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, represented in the Philippines by Dusit Thani Philippines Inc., has signed hotel management agreements with IDC Prime, a wholly owned subsidiary of Italpinas Development Corp, a design-driven developer of sustainable properties in emerging cities in the Philippines, to manage two new hotels in Northern Mindanao under Dusit’s upper-midscale Dusit Princess brand. Under the agreement, Dusit will manage two hotels: Dusit Princess Firenze and Dusit Princess Moena. Pictured here, Dusit Princess Moena will be a highlight of the sustainability-focused Moena Mountain Estate, nestled in the lush, forested mountains of Manolo Fortich, Bukidnon. Slated to open in late 2029, Dusit Princess Moena will be a standout feature of Moena Mountain Estate, a sustainability-focused mixed-use development located in the lush, forested mountains of Manolo Fortich, Bukidnon, on the outskirts of the Mount Kitanglad Range Natural Park. Thoughtfully designed to blend seamlessly with its natural surroundings, the 184-key hotel will cater to both business and leisure travellers, offering a wide range of premium facilities, including a lobby lounge, business centre, all-day dining restaurant, outdoor pool, fully equipped gym, yoga room, and a versatile multipurpose area. Known as the ‘Baguio of Mindanao,’ Dahilayan is already a popular destination for nature enthusiasts thanks to its stunning mountain scenery, striking landscapes, cool climate, and a variety of outdoor adventures. With its contemporary accommodation and extensive range of services, Dusit Princess Moena will further enhance the area’s appeal, complementing existing attractions such as Dahilayan Adventure Park and the expansive Del Monte Pineapple plantations. Further north, and also slated to open in late 2029, Dusit Princess Firenze will be a key highlight of IDC’s Firenze Green Tower project in the Limketkai area of Cagayan de Oro, near the city’s commercial and business districts. Leveraging the city’s reputation as the “Adventure Capital of the Philippines” and its fast-growing business and leisure markets, this 14-storey mixed-use green development will seamlessly combine commercial, residential, and hotel spaces. Dusit will manage 180 rooms on the tower’s upper floors, providing guests with exceptional views and Dusit’s signature high standards of service. Designed to provide unparalleled convenience, memorable experiences, and exceptional value for guests and residents alike, the project will also feature an array of premium facilities, including a gym, spa, multipurpose areas, commercial spaces, and a swimming pool. “We are delighted and honoured to collaborate with IDC Prime to further expand our presence in the Philippines through these remarkable projects,” said Gilles Cretallaz, Chief Operating Officer, Dusit International. “The Philippine’s dynamic economic growth and thriving tourism sector offer unparalleled opportunities for innovation and advancement. With IDC Prime’s shared commitment to sustainability and positive impact, we are excited to bring our distinctive Thai-inspired gracious hospitality to these vibrant Mindanao destinations, delivering meaningful and memorable guest experiences while creating lasting value for the broader community.” The Firenze Green Tower and Moena Mountain Estate projects are pre-existing real estate joint ventures between IDC, as the property developer, and the Go family, the original site owners. Adding hotel components to these developments is set to elevate their appeal, positioning Dusit Princess Moena and Dusit Princess Firenze as destinations in their own right. “IDC was founded on our belief in the Philippine’s growth story, particularly in areas such as these, which are full of potential for transformative development” said Arch. Romolo Nati, CEO and Chairman, IDC Prime. “Our projects are recognised for their sustainability and architectural innovation, consistently delivering a ‘level-up’ in elegance and quality. Partnering with Dusit to bring world-class hotels to Cagayan de Oro and Bukidnon is a natural extension of this vision, and we look forward to welcoming these exceptional properties to our portfolio.” Dusit’s portfolio currently includes 302 properties operating across 19 countries, including 58 properties under Dusit Hotels and Resorts and 244 luxury villas under Elite Havens, the leading provider of luxury villa rentals in Asia. Dusit-branded hotels currently operating in the Philippines include Dusit Thani Manila, Dusit Thani Mactan Cebu Resort, Dusit Thani Residence Davao, dusitD2 Davao, and Dusit Thani Lubi Plantation Resort. Hashtag: #DusitInternational #DusitPrincessMoena #DusitPrincessFirenze The issuer is solely responsible for the content of this announcement. About Dusit Hotels and Resorts Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide. For more information, please visit dusit.com About Dusit International Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services. Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification. For more information, please visit dusit-international.com

Dusit Princess Moena and Dusit Princess Firenze to open in 4Q 2029. BANGKOK, THAILAND – Media OutReach Newswire – 14 January 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, represented in the Philippines by Dusit Thani Philippines Inc., has signed hotel management agreements with IDC Prime, a wholly owned subsidiary of Italpinas Development Corp, a design-driven developer of sustainable properties in emerging cities in the Philippines, to manage two new hotels in Northern Mindanao under Dusit’s upper-midscale Dusit Princess brand. Under the agreement, Dusit will manage two hotels: Dusit Princess Firenze and Dusit Princess Moena. Pictured here, Dusit Princess Moena will be a highlight of the sustainability-focused Moena Mountain Estate, nestled in the lush, forested mountains of Manolo Fortich, Bukidnon. Slated to open in late 2029, Dusit Princess Moena will be a standout feature of Moena Mountain Estate, a sustainability-focused mixed-use development located in the lush, forested mountains of Manolo Fortich, Bukidnon, on the outskirts of the Mount Kitanglad Range Natural Park. Thoughtfully designed to blend seamlessly with its natural surroundings, the 184-key hotel will cater to both business and leisure travellers, offering a wide range of premium facilities, including a lobby lounge, business centre, all-day dining restaurant, outdoor pool, fully equipped gym, yoga room, and a versatile multipurpose area. Known as the ‘Baguio of Mindanao,’ Dahilayan is already a popular destination for nature enthusiasts thanks to its stunning mountain scenery, striking landscapes, cool climate, and a variety of outdoor adventures. With its contemporary accommodation and extensive range of services, Dusit Princess Moena will further enhance the area’s appeal, complementing existing attractions such as Dahilayan Adventure Park and the expansive Del Monte Pineapple plantations. Further north, and also slated to open in late 2029, Dusit Princess Firenze will be a key highlight of IDC’s Firenze Green Tower project in the Limketkai area of Cagayan de Oro, near the city’s commercial and business districts. Leveraging the city’s reputation as the “Adventure Capital of the Philippines” and its fast-growing business and leisure markets, this 14-storey mixed-use green development will seamlessly combine commercial, residential, and hotel spaces. Dusit will manage 180 rooms on the tower’s upper floors, providing guests with exceptional views and Dusit’s signature high standards of service. Designed to provide unparalleled convenience, memorable experiences, and exceptional value for guests and residents alike, the project will also feature an array of premium facilities, including a gym, spa, multipurpose areas, commercial spaces, and a swimming pool. “We are delighted and honoured to collaborate with IDC Prime to further expand our presence in the Philippines through these remarkable projects,” said Gilles Cretallaz, Chief Operating Officer, Dusit International. “The Philippine’s dynamic economic growth and thriving tourism sector offer unparalleled opportunities for innovation and advancement. With IDC Prime’s shared commitment to sustainability and positive impact, we are excited to bring our distinctive Thai-inspired gracious hospitality to these vibrant Mindanao destinations, delivering meaningful and memorable guest experiences while creating lasting value for the broader community.” The Firenze Green Tower and Moena Mountain Estate projects are pre-existing real estate joint ventures between IDC, as the property developer, and the Go family, the original site owners. Adding hotel components to these developments is set to elevate their appeal, positioning Dusit Princess Moena and Dusit Princess Firenze as destinations in their own right. “IDC was founded on our belief in the Philippine’s growth story, particularly in areas such as these, which are full of potential for transformative development” said Arch. Romolo Nati, CEO and Chairman, IDC Prime. “Our projects are recognised for their sustainability and architectural innovation, consistently delivering a ‘level-up’ in elegance and quality. Partnering with Dusit to bring world-class hotels to Cagayan de Oro and Bukidnon is a natural extension of this vision, and we look forward to welcoming these exceptional properties to our portfolio.” Dusit’s portfolio currently includes 302 properties operating across 19 countries, including 58 properties under Dusit Hotels and Resorts and 244 luxury villas under Elite Havens, the leading provider of luxury villa rentals in Asia. Dusit-branded hotels currently operating in the Philippines include Dusit Thani Manila, Dusit Thani Mactan Cebu Resort, Dusit Thani Residence Davao, dusitD2 Davao, and Dusit Thani Lubi Plantation Resort. Hashtag: #DusitInternational #DusitPrincessMoena #DusitPrincessFirenze The issuer is solely responsible for the content of this announcement. About Dusit Hotels and Resorts Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide. For more information, please visit dusit.com About Dusit International Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services. Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification. For more information, please visit dusit-international.com

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 January 2025 – 2024, a year of geopolitical stress and major political changes, is drawing to a close. It is time to focus on the future and identify new trading opportunities. However, according to Octa broker, the outlook for the global economy is uneven and mixed, ‘rife with uncertainties and riddled with challenges’, so traders are advised to take a cautious stance. In this material, Octa broker looks at key economic and political developments that will shape the next year and offers exclusive guidance into their potential impact on various asset classes. ‘If you were to ask me what will be the key driving theme of 2025, I would say it will be the after-effects of the U.S. presidential elections’, says Kar Yong Ang, a financial market analyst at Octa broker, adding that Donald Trump’s proposed policies provide more uncertainties than opportunities. Indeed, it is the risk of rising inflation induced by new trade tariffs and immigration policies that separates an optimistic 2025 scenario from a pessimistic one. Before we start analysing the likely scenarios for 2025, let’s first look at the current economic conditions. Current situation Interest rates in most industrialised economies are currently 75-100 basis points (bps) below their recent peaks. However, real interest rates (adjusted for inflation) are still positive. As Kar Yong Ang explains: ‘If history is any guidance, interest rates are still relatively high. In fact, I think they are more restrictive than stimulative and will most likely continue to go down in 2025’. In fact, at the time of writing, the fixed income market (interest rate swaps) was implying a further 50 bps of cuts from the Federal Reserve (Fed), 100 bps from the European Central Bank (ECB), 50 bps from the Bank of Canada (BoC) and 50 bps from the Bank of England (BoE). As a result, the monetary policy divergence between the Fed and the rest of the world has pulled the U.S. Dollar Index (DXY) to a multi-month high. U.S. stocks have performed very well over the past two years. However, the bullish trend in the S&P 500 and NASDAQ is beginning to show signs of exhaustion, especially after the Fed indicated that it intends to slow the pace of future rate cuts. Gold (XAU) was moving in a very well-defined bullish trend for most of 2024 and set a new all-time high at the end of October. However, the volatility in gold started to increase after the U.S. presidential election brought policy uncertainty. Currently, XAUUSD finds itself in a sideways market, trading range-bound between 2,550 and 2,720, indicating a lack of a clear trend. Bitcoin (BTC) made headlines in 2024 when its price jumped above $100,000 per coin. A major impulse came in November after Donald Trump’s victory in the U.S. presidential election fuelled hopes of crypto industry deregulation. However, these hopes have not yet been fulfilled, leaving Bitcoin and other crypto coins at risk of a sharp downward correction. 2025 outlook Macro and the U.S. dollar Declining interest rates mean that returns on cash (bank deposits) in most industrialised economies will continue to go down, prompting investors and traders to put their money into riskier assets like equities and cryptocurrencies. ‘Another important feature of the current monetary policy outlook is that the Fed’s easing cycle will slow relative to the rest of the world. It means that the U.S. Dollar Index [DXY] will likely remain well-supported in 2025’, argues Kar Yong Ang. However, a lot of bullish factors for the U.S. dollar are already priced in, and the greenback has actually started to look somewhat overvalued. ‘I’m sceptical about further dollar gains’, says Kar Yong Ang, adding that dollar bulls should be very cautious. If the U.S. plays hardball and implements blanket tariffs, inflation and even recession risks will rise. In this scenario, investors will rush into safe-haven assets like the U.S. dollar, the Japanese yen, and gold and sell stocks and crypto assets. Equities Betting on broad-based growth in U.S. equities is dangerous. Instead, traders should focus on specific industries and sectors. The main theme here is the adoption and commercialisation of Artificial Intelligence (AI). Companies that integrate AI into their core operations and invest in AI talent and infrastructure will gain a competitive edge. Therefore, tech companies are likely to perform well in 2025. By the same token, the increased use of AI and data centres is boosting energy demand, so energy companies and utilities are also likely to shine in 2025. Gold ‘I expect gold to set a new all-time high in 2025. $3,000 per ounce is not impossible. There are too many risks heading our way in 2025, so there will be plenty of demand for safe-haven assets’, says Kar Yong Ang, a financial market analyst at Octa broker. Indeed, gold will continue to remain an effective hedge against key political concerns, including government debt levels, inflation, and geopolitical tensions. Furthermore, central banks’ demand for gold has already supported gold prices in 2024, and there are no reasons to expect this trend to reverse. Crypto The latest rally in crypto looks overextended. It has been driven by sentiment and embedded in forward-looking hopes. ‘There is just too much optimism in Bitcoin right now. I think there is a risk of a significant pullback in 2025. But rather than betting on a bearish correction, I would advise using it as a buying opportunity’, says Kar Yong Ang. Wrap-up Overall, 2025 will be a year of reckoning as the impact of the U.S. presidential elections unfolds, determining the course of future policy. In the worst-case scenario of an all-out trade war, global supply chains would be severely disrupted, leading to significant price increases for consumers, decreased business investment, and a sharp contraction in international trade. Under this scenario, U.S. equities and most other commodity prices would drop. However, should we avoid the worst-case scenario, global central banks will likely continue to cut interest rates, pulling stocks and

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 January 2025 – 2024, a year of geopolitical stress and major political changes, is drawing to a close. It is time to focus on the future and identify new trading opportunities. However, according to Octa broker, the outlook for the global economy is uneven and mixed, ‘rife with uncertainties and riddled with challenges’, so traders are advised to take a cautious stance. In this material, Octa broker looks at key economic and political developments that will shape the next year and offers exclusive guidance into their potential impact on various asset classes. ‘If you were to ask me what will be the key driving theme of 2025, I would say it will be the after-effects of the U.S. presidential elections’, says Kar Yong Ang, a financial market analyst at Octa broker, adding that Donald Trump’s proposed policies provide more uncertainties than opportunities. Indeed, it is the risk of rising inflation induced by new trade tariffs and immigration policies that separates an optimistic 2025 scenario from a pessimistic one. Before we start analysing the likely scenarios for 2025, let’s first look at the current economic conditions. Current situation Interest rates in most industrialised economies are currently 75-100 basis points (bps) below their recent peaks. However, real interest rates (adjusted for inflation) are still positive. As Kar Yong Ang explains: ‘If history is any guidance, interest rates are still relatively high. In fact, I think they are more restrictive than stimulative and will most likely continue to go down in 2025’. In fact, at the time of writing, the fixed income market (interest rate swaps) was implying a further 50 bps of cuts from the Federal Reserve (Fed), 100 bps from the European Central Bank (ECB), 50 bps from the Bank of Canada (BoC) and 50 bps from the Bank of England (BoE). As a result, the monetary policy divergence between the Fed and the rest of the world has pulled the U.S. Dollar Index (DXY) to a multi-month high. U.S. stocks have performed very well over the past two years. However, the bullish trend in the S&P 500 and NASDAQ is beginning to show signs of exhaustion, especially after the Fed indicated that it intends to slow the pace of future rate cuts. Gold (XAU) was moving in a very well-defined bullish trend for most of 2024 and set a new all-time high at the end of October. However, the volatility in gold started to increase after the U.S. presidential election brought policy uncertainty. Currently, XAUUSD finds itself in a sideways market, trading range-bound between 2,550 and 2,720, indicating a lack of a clear trend. Bitcoin (BTC) made headlines in 2024 when its price jumped above $100,000 per coin. A major impulse came in November after Donald Trump’s victory in the U.S. presidential election fuelled hopes of crypto industry deregulation. However, these hopes have not yet been fulfilled, leaving Bitcoin and other crypto coins at risk of a sharp downward correction. 2025 outlook Macro and the U.S. dollar Declining interest rates mean that returns on cash (bank deposits) in most industrialised economies will continue to go down, prompting investors and traders to put their money into riskier assets like equities and cryptocurrencies. ‘Another important feature of the current monetary policy outlook is that the Fed’s easing cycle will slow relative to the rest of the world. It means that the U.S. Dollar Index [DXY] will likely remain well-supported in 2025’, argues Kar Yong Ang. However, a lot of bullish factors for the U.S. dollar are already priced in, and the greenback has actually started to look somewhat overvalued. ‘I’m sceptical about further dollar gains’, says Kar Yong Ang, adding that dollar bulls should be very cautious. If the U.S. plays hardball and implements blanket tariffs, inflation and even recession risks will rise. In this scenario, investors will rush into safe-haven assets like the U.S. dollar, the Japanese yen, and gold and sell stocks and crypto assets. Equities Betting on broad-based growth in U.S. equities is dangerous. Instead, traders should focus on specific industries and sectors. The main theme here is the adoption and commercialisation of Artificial Intelligence (AI). Companies that integrate AI into their core operations and invest in AI talent and infrastructure will gain a competitive edge. Therefore, tech companies are likely to perform well in 2025. By the same token, the increased use of AI and data centres is boosting energy demand, so energy companies and utilities are also likely to shine in 2025. Gold ‘I expect gold to set a new all-time high in 2025. $3,000 per ounce is not impossible. There are too many risks heading our way in 2025, so there will be plenty of demand for safe-haven assets’, says Kar Yong Ang, a financial market analyst at Octa broker. Indeed, gold will continue to remain an effective hedge against key political concerns, including government debt levels, inflation, and geopolitical tensions. Furthermore, central banks’ demand for gold has already supported gold prices in 2024, and there are no reasons to expect this trend to reverse. Crypto The latest rally in crypto looks overextended. It has been driven by sentiment and embedded in forward-looking hopes. ‘There is just too much optimism in Bitcoin right now. I think there is a risk of a significant pullback in 2025. But rather than betting on a bearish correction, I would advise using it as a buying opportunity’, says Kar Yong Ang. Wrap-up Overall, 2025 will be a year of reckoning as the impact of the U.S. presidential elections unfolds, determining the course of future policy. In the worst-case scenario of an all-out trade war, global supply chains would be severely disrupted, leading to significant price increases for consumers, decreased business investment, and a sharp contraction in international trade. Under this scenario, U.S. equities and most other commodity prices would drop. However, should we avoid the worst-case scenario, global central banks will likely continue to cut interest rates, pulling stocks and

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 January 2025 – 2024, a year of geopolitical stress and major political changes, is drawing to a close. It is time to focus on the future and identify new trading opportunities. However, according to Octa broker, the outlook for the global economy is uneven and mixed, ‘rife with uncertainties and riddled with challenges’, so traders are advised to take a cautious stance. In this material, Octa broker looks at key economic and political developments that will shape the next year and offers exclusive guidance into their potential impact on various asset classes. ‘If you were to ask me what will be the key driving theme of 2025, I would say it will be the after-effects of the U.S. presidential elections’, says Kar Yong Ang, a financial market analyst at Octa broker, adding that Donald Trump’s proposed policies provide more uncertainties than opportunities. Indeed, it is the risk of rising inflation induced by new trade tariffs and immigration policies that separates an optimistic 2025 scenario from a pessimistic one. Before we start analysing the likely scenarios for 2025, let’s first look at the current economic conditions. Current situation Interest rates in most industrialised economies are currently 75-100 basis points (bps) below their recent peaks. However, real interest rates (adjusted for inflation) are still positive. As Kar Yong Ang explains: ‘If history is any guidance, interest rates are still relatively high. In fact, I think they are more restrictive than stimulative and will most likely continue to go down in 2025’. In fact, at the time of writing, the fixed income market (interest rate swaps) was implying a further 50 bps of cuts from the Federal Reserve (Fed), 100 bps from the European Central Bank (ECB), 50 bps from the Bank of Canada (BoC) and 50 bps from the Bank of England (BoE). As a result, the monetary policy divergence between the Fed and the rest of the world has pulled the U.S. Dollar Index (DXY) to a multi-month high. U.S. stocks have performed very well over the past two years. However, the bullish trend in the S&P 500 and NASDAQ is beginning to show signs of exhaustion, especially after the Fed indicated that it intends to slow the pace of future rate cuts. Gold (XAU) was moving in a very well-defined bullish trend for most of 2024 and set a new all-time high at the end of October. However, the volatility in gold started to increase after the U.S. presidential election brought policy uncertainty. Currently, XAUUSD finds itself in a sideways market, trading range-bound between 2,550 and 2,720, indicating a lack of a clear trend. Bitcoin (BTC) made headlines in 2024 when its price jumped above $100,000 per coin. A major impulse came in November after Donald Trump’s victory in the U.S. presidential election fuelled hopes of crypto industry deregulation. However, these hopes have not yet been fulfilled, leaving Bitcoin and other crypto coins at risk of a sharp downward correction. 2025 outlook Macro and the U.S. dollar Declining interest rates mean that returns on cash (bank deposits) in most industrialised economies will continue to go down, prompting investors and traders to put their money into riskier assets like equities and cryptocurrencies. ‘Another important feature of the current monetary policy outlook is that the Fed’s easing cycle will slow relative to the rest of the world. It means that the U.S. Dollar Index [DXY] will likely remain well-supported in 2025’, argues Kar Yong Ang. However, a lot of bullish factors for the U.S. dollar are already priced in, and the greenback has actually started to look somewhat overvalued. ‘I’m sceptical about further dollar gains’, says Kar Yong Ang, adding that dollar bulls should be very cautious. If the U.S. plays hardball and implements blanket tariffs, inflation and even recession risks will rise. In this scenario, investors will rush into safe-haven assets like the U.S. dollar, the Japanese yen, and gold and sell stocks and crypto assets. Equities Betting on broad-based growth in U.S. equities is dangerous. Instead, traders should focus on specific industries and sectors. The main theme here is the adoption and commercialisation of Artificial Intelligence (AI). Companies that integrate AI into their core operations and invest in AI talent and infrastructure will gain a competitive edge. Therefore, tech companies are likely to perform well in 2025. By the same token, the increased use of AI and data centres is boosting energy demand, so energy companies and utilities are also likely to shine in 2025. Gold ‘I expect gold to set a new all-time high in 2025. $3,000 per ounce is not impossible. There are too many risks heading our way in 2025, so there will be plenty of demand for safe-haven assets’, says Kar Yong Ang, a financial market analyst at Octa broker. Indeed, gold will continue to remain an effective hedge against key political concerns, including government debt levels, inflation, and geopolitical tensions. Furthermore, central banks’ demand for gold has already supported gold prices in 2024, and there are no reasons to expect this trend to reverse. Crypto The latest rally in crypto looks overextended. It has been driven by sentiment and embedded in forward-looking hopes. ‘There is just too much optimism in Bitcoin right now. I think there is a risk of a significant pullback in 2025. But rather than betting on a bearish correction, I would advise using it as a buying opportunity’, says Kar Yong Ang. Wrap-up Overall, 2025 will be a year of reckoning as the impact of the U.S. presidential elections unfolds, determining the course of future policy. In the worst-case scenario of an all-out trade war, global supply chains would be severely disrupted, leading to significant price increases for consumers, decreased business investment, and a sharp contraction in international trade. Under this scenario, U.S. equities and most other commodity prices would drop. However, should we avoid the worst-case scenario, global central banks will likely continue to cut interest rates, pulling stocks and

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 January 2025 – 2024, a year of geopolitical stress and major political changes, is drawing to a close. It is time to focus on the future and identify new trading opportunities. However, according to Octa broker, the outlook for the global economy is uneven and mixed, ‘rife with uncertainties and riddled with challenges’, so traders are advised to take a cautious stance. In this material, Octa broker looks at key economic and political developments that will shape the next year and offers exclusive guidance into their potential impact on various asset classes. ‘If you were to ask me what will be the key driving theme of 2025, I would say it will be the after-effects of the U.S. presidential elections’, says Kar Yong Ang, a financial market analyst at Octa broker, adding that Donald Trump’s proposed policies provide more uncertainties than opportunities. Indeed, it is the risk of rising inflation induced by new trade tariffs and immigration policies that separates an optimistic 2025 scenario from a pessimistic one. Before we start analysing the likely scenarios for 2025, let’s first look at the current economic conditions. Current situation Interest rates in most industrialised economies are currently 75-100 basis points (bps) below their recent peaks. However, real interest rates (adjusted for inflation) are still positive. As Kar Yong Ang explains: ‘If history is any guidance, interest rates are still relatively high. In fact, I think they are more restrictive than stimulative and will most likely continue to go down in 2025’. In fact, at the time of writing, the fixed income market (interest rate swaps) was implying a further 50 bps of cuts from the Federal Reserve (Fed), 100 bps from the European Central Bank (ECB), 50 bps from the Bank of Canada (BoC) and 50 bps from the Bank of England (BoE). As a result, the monetary policy divergence between the Fed and the rest of the world has pulled the U.S. Dollar Index (DXY) to a multi-month high. U.S. stocks have performed very well over the past two years. However, the bullish trend in the S&P 500 and NASDAQ is beginning to show signs of exhaustion, especially after the Fed indicated that it intends to slow the pace of future rate cuts. Gold (XAU) was moving in a very well-defined bullish trend for most of 2024 and set a new all-time high at the end of October. However, the volatility in gold started to increase after the U.S. presidential election brought policy uncertainty. Currently, XAUUSD finds itself in a sideways market, trading range-bound between 2,550 and 2,720, indicating a lack of a clear trend. Bitcoin (BTC) made headlines in 2024 when its price jumped above $100,000 per coin. A major impulse came in November after Donald Trump’s victory in the U.S. presidential election fuelled hopes of crypto industry deregulation. However, these hopes have not yet been fulfilled, leaving Bitcoin and other crypto coins at risk of a sharp downward correction. 2025 outlook Macro and the U.S. dollar Declining interest rates mean that returns on cash (bank deposits) in most industrialised economies will continue to go down, prompting investors and traders to put their money into riskier assets like equities and cryptocurrencies. ‘Another important feature of the current monetary policy outlook is that the Fed’s easing cycle will slow relative to the rest of the world. It means that the U.S. Dollar Index [DXY] will likely remain well-supported in 2025’, argues Kar Yong Ang. However, a lot of bullish factors for the U.S. dollar are already priced in, and the greenback has actually started to look somewhat overvalued. ‘I’m sceptical about further dollar gains’, says Kar Yong Ang, adding that dollar bulls should be very cautious. If the U.S. plays hardball and implements blanket tariffs, inflation and even recession risks will rise. In this scenario, investors will rush into safe-haven assets like the U.S. dollar, the Japanese yen, and gold and sell stocks and crypto assets. Equities Betting on broad-based growth in U.S. equities is dangerous. Instead, traders should focus on specific industries and sectors. The main theme here is the adoption and commercialisation of Artificial Intelligence (AI). Companies that integrate AI into their core operations and invest in AI talent and infrastructure will gain a competitive edge. Therefore, tech companies are likely to perform well in 2025. By the same token, the increased use of AI and data centres is boosting energy demand, so energy companies and utilities are also likely to shine in 2025. Gold ‘I expect gold to set a new all-time high in 2025. $3,000 per ounce is not impossible. There are too many risks heading our way in 2025, so there will be plenty of demand for safe-haven assets’, says Kar Yong Ang, a financial market analyst at Octa broker. Indeed, gold will continue to remain an effective hedge against key political concerns, including government debt levels, inflation, and geopolitical tensions. Furthermore, central banks’ demand for gold has already supported gold prices in 2024, and there are no reasons to expect this trend to reverse. Crypto The latest rally in crypto looks overextended. It has been driven by sentiment and embedded in forward-looking hopes. ‘There is just too much optimism in Bitcoin right now. I think there is a risk of a significant pullback in 2025. But rather than betting on a bearish correction, I would advise using it as a buying opportunity’, says Kar Yong Ang. Wrap-up Overall, 2025 will be a year of reckoning as the impact of the U.S. presidential elections unfolds, determining the course of future policy. In the worst-case scenario of an all-out trade war, global supply chains would be severely disrupted, leading to significant price increases for consumers, decreased business investment, and a sharp contraction in international trade. Under this scenario, U.S. equities and most other commodity prices would drop. However, should we avoid the worst-case scenario, global central banks will likely continue to cut interest rates, pulling stocks and