Author: Media OutReach Newswire

  • Countdown to 2037: Strategic Public-Private Agenda Unleashes Blueprint to Double Thailand’s Economic Growth

    Countdown to 2037: Strategic Public-Private Agenda Unleashes Blueprint to Double Thailand’s Economic Growth

    BANGKOK, THAILAND – Media OutReach Newswire – 29 September 2026 – Aiming to attain high-income nation status by 2037, Thailand is deploying an ambitious action plan across state agencies, financial institutions, and industry leaders to transition from low-cost assembly to a high-value, investment-led economy.

    Bangkok Business Summit-ภาครัฐและเอกชน ผนึกกำลังเดินหน้า_ (1).JPG

    Building on discussions at the Bangkok Business Summit 2026, the agenda brings together government, private-sector and international perspectives around a common priority: translating structural reform into investment, productivity and long-term competitiveness, while strengthening Thailand’s readiness for a greater regional economic role ahead of its 2028 ASEAN Chairmanship.

    Highlights from the Bangkok Business Summit 2026 on Thailand's roadmap towards high-income status by 2037.
    Highlights from the Bangkok Business Summit 2026 on Thailand’s roadmap towards high-income status by 2037.

    Geopolitical Stability and Macro Benchmarks

    As global supply chains fracture and geopolitical tensions reshape risk profiles, Thailand is positioning itself as a neutral, secure haven for multinational capital.

    “Global investors are prioritizing economic security alongside operational efficiency,” said Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas. “Thailand presents a timely, stable haven where targeted capital can stimulate short-term activity while permanently upgrading our long-term productivity.”

    However, multilateral institutions emphasized that achieving high-income status demands aggressive economic acceleration.

    “Thailand must boost its GDP per capita growth from the post-COVID average of 2.2% to 5.4% annually over the next decade,” stated Carlos Felipe Jaramillo, World Bank Vice President for East Asia and Pacific. “Execution must be decisive. Capital must be funneled into seven key growth engines—including smart electronics, EVs, and digital services—while protecting critical infrastructure like the flood-prone Chao Phraya River basin.”

    From Dialogue to Delivery: Bangkok Business Summit White Paper
    Building on the Summit’s discussions, the forthcoming Bangkok Business Summit White Paper, developed in strategic partnership with PwC, will focus on translating Thailand’s economic ambitions into execution.

    The agenda identifies the next 24 months, from 2026 to 2028, as a critical window for strengthening Thailand’s longer-term economic trajectory. It focuses on directing resources towards higher-productivity sectors, reducing regulatory friction and introducing clearer mechanisms to measure progress and accountability.

    This execution-focused approach is reinforced by closer public-private coordination across seven target business sectors, supported by key enabling areas including infrastructure, digital technology and AI, energy and finance. The broader objective is to strengthen investment-led growth while ensuring that new investment creates opportunities for domestic enterprises and SMEs to participate in emerging supply chains.

    Inclusive Reform and Financial Restructuring

    To transition from low-cost assembly to an investment-led economy, domestic leaders are restructuring local financial mechanics and supply chains.

    “Assessing our structural reform progress today, we sit at roughly a five out of ten,” noted Payong Srivanich, Chairman of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). “We must urgently shift commercial banking liquidity away from stagnant legacy sectors and into future growth engines.”

    To prevent technological disruption from worsening structural inequality, Srivanich advocated a “brotherhood” model anchored in the Sufficiency Economy Philosophy. Under this approach, major corporate leaders are tasked with upskilling and reskilling upstream and downstream SME supply chains to ensure balanced growth across the entire value chain.

    This emphasis on inclusion extends to connecting new investment and global market opportunities with domestic businesses, enabling Thai SMEs and local enterprises to participate more fully in the new economy and supporting broader distribution of economic opportunities.

    Global Governance and Environmental Resilience

    Serving as a curtain-raiser for the 2026 IMF-World Bank Group Annual Meetings in Bangkok, hosted under the theme “Thailand’s New Horizons: Empowering People, Building Resilience,” the country is establishing forward-looking global standards. Key priorities include the “Bangkok Blueprint” to tackle cyber fraud and illegal financial flows.

    Simultaneously, long-term expansion depends on confronting severe environmental vulnerabilities. The World Bank urged immediate climate-resilient investments in the flood-prone Chao Phraya River basin, which generates 66% of national GDP, alongside scaling solar and clean energy capacity to curb fossil fuel import dependencies.

    By aligning domestic productivity and climate adaptation today, and showcasing these priorities at the upcoming IMF-World Bank Group Annual Meetings in Bangkok, Thailand is asserting the economic resilience needed to lead broader regional integration when it takes the helm as ASEAN Chair in 2028.

    Hashtag: #JSCCIBFoundation

    The issuer is solely responsible for the content of this announcement.

  • Over 1,000 Entrepreneurs Gather in Kunming for TOJOY 2026 "Jun’s Circle" Fireside Chat

    Over 1,000 Entrepreneurs Gather in Kunming for TOJOY 2026 "Jun’s Circle" Fireside Chat

    Spotlighting the AI Wave and Exploring Paths Forward for Private Enterprises

    HONG KONG SAR – Media OutReach Newswire – 29 September 2026 – The second “Jun’s Circle” Fireside Chat, initiated by Ge Jun, an Academician of the International Eurasian Academy of Sciences and Chairman and CEO of TOJOY Shared Smart Enterprise Services Co., Ltd. (“TOJOY”), was recently held on the shores of Dianchi Lake in Kunming. The event was livestreamed simultaneously on Xinhuanet, TOJOY Boss Cloud and other platforms, drawing more than 3.1 million cumulative views online. Online and in-person audiences together took part in an in-depth exchange of ideas, creating an experience in which they were “surrounded by ideas.”

    Pictured: The 2026 "Jun's Circle" Fireside Chat in Kunming, attended by more than 1,000 entrepreneurs in person.
    Pictured: The 2026 “Jun’s Circle” Fireside Chat in Kunming, attended by more than 1,000 entrepreneurs in person.

    In 2025, the inaugural “Jun’s Circle” Fireside Chat debuted in Hangzhou. Its core proposition — “With vision, break the impasse and build a new landscape” — resonated widely across China’s private sector. On 22 September, the 2026 event came to Kunming, a frontier hub for China’s opening-up to South and Southeast Asia. It directly addressed the central concerns of private enterprises amid AI-driven technological change, the reconfiguration of the overseas expansion landscape and economic-cycle adjustments, helping entrepreneurs clarify their direction and strengthen confidence.

    Blueprint for Private-Enterprise Transformation under AI Technological Disruption

    Addressing business development amid the AI wave, Ge Jun systematically presented the “Five-Layer Tree Theory” for enterprise AI transformation. Covering the accumulation of data assets, upgrades in entrepreneurs’ cognitive capabilities, workforce-wide capability building, forward-looking strategic planning and symbiosis across industry ecosystems, it provides private enterprises with a comprehensive implementation framework for AI transformation.

    Drawing on Kunming’s geographic advantages, the dialogue explored a long-term approach to expansion into ASEAN markets. Ge Jun proposed an “In ASEAN, With ASEAN, For ASEAN” development philosophy, stressing that sustainable overseas growth can only be achieved by establishing deeply rooted local operations, building symbiotic partnerships with local industries and creating social value for local communities. Manuel C. Menendez III, founder and CEO of MCM Group Holdings Ltd. and an expert on international economic and trade issues, drew on frontline experience to stress that managing compliance risk is a fundamental prerequisite for survival for companies expanding overseas. He noted that resource-constrained small and medium-sized private enterprises can leverage professional platforms to pool resources when expanding overseas, advance localization step by step and avoid the risks of going it alone.

    The Critical Role of Entrepreneurship and Long-Termism

    Turning to the question of how to navigate economic cycles, the dialogue returned to the fundamentals of entrepreneurship, exploring the underlying forces that enable businesses to weather volatility. Xue Jingxia, Chairwoman of the Henan-based investment and construction group, KONITA GROUP, and a deputy to the National People’s Congress for four consecutive terms, said, drawing on four decades of hands-on business experience, that there are no shortcuts to navigating cycles: it takes the creativity to build something from nothing and the resolve to hold firmly to one’s principles. Ge Jun added that entrepreneurs in the AI era need to strengthen their learning capabilities across four dimensions—questioning, command, staying power and transmission—to respond to a rapidly changing market environment, remain committed to doing what is difficult but right, and navigate cyclical ups and downs with a long-term mindset.

    As one of the flagship programs in Ge Jun’s four-part thought-leadership series for empowering private enterprises, this year’s “Jun’s Circle” Fireside Chat used a systematic framework of ideas to address the widespread concerns of today’s private entrepreneurs.

    Hashtag: #天九企服 #TOJOY

    The issuer is solely responsible for the content of this announcement.

  • Mambu and Mastercard join forces to simplify cross-border payments for banks

    Mambu and Mastercard join forces to simplify cross-border payments for banks

    ABU DHABI,UAE – Media OutReach Newswire – 29 September 2026 – Mambu and Mastercard have today announced a strategic collaboration that will make it easier for financial institutions using Mambu to offer fast, secure and transparent cross-border payments.

    Mambu and Mastercard join forces to simplify cross-border payments for banks
    Mambu and Mastercard join forces to simplify cross-border payments for banks

    Through this collaboration, Mambu will connect Mastercard Move, Mastercard’s portfolio of global money movement capabilities, with its Intelligent Core, a cloud-native core banking and payments platform built to process, orchestrate and extend financial services at scale. This will give Mambu customers a pre-built connection to integrate Mastercard Move’s cross-border payment capabilities, helping reduce implementation complexity and accelerate time to market.

    The integration will enable financial institutions to offer cross-border payment capabilities within digital banking journeys, creating a more seamless customer experience.

    The collaboration builds on Mambu’s expansion into payments following its acquisition of Numeral in 2024. It will provide a broad foundation for banks to develop cross-border payment services that meet the changing needs of SME and retail customers as demand continues to grow for transparent and frictionless international payments.

    “Adding cross-border payment capabilities shouldn’t require financial institutions to take on years of integration work or rethink their entire tech stack. By integrating Mambu’s Intelligent Core with Mastercard Move, we are giving our customers a simpler way to introduce these capabilities, accelerate time to market and continue building on the investments they’ve already made. That’s the value of a composable foundation: it lets the Intelligent Core keep extending what financial institutions already trust, rather than replacing it,” said Fernando Zandona, CEO at Mambu.

    “Despite advances in digital payments, moving money across borders remains complex and fragmented, with people and businesses expecting greater speed, transparency and certainty. Mastercard Move combines global reach with trusted money movement capabilities to help financial institutions meet those expectations,” said Pratik Khowala, Global Head of Transfer Solutions, Mastercard.

    Mastercard Move enables money to move within and across more than 200 countries and territories and in more than 150 currencies, reaching 17+ billion endpoints and 95% of the world’s banked population.
    Hashtag: #Mambu #Mastercard

    The issuer is solely responsible for the content of this announcement.

    About Mambu

    Mambu is the world’s only true SaaS cloud banking platform. Founded in 2011, it enables banks, lenders, credit unions, fintechs, retailers and other organisations to design and launch modern financial products with speed and flexibility. Our unique, composable approach allows independent components, systems and connectors to be assembled in any configuration to meet business goals and customer needs. The platform supports core banking, deposits, lending, payments and Islamic banking. Mambu offers a modular, future-ready and scalable product that grows with businesses. Whether launching a single product or transforming an entire banking stack, Mambu provides the agility and reliability needed to succeed in today’s financial landscape. More than 260 customers in over 65 countries rely on Mambu, including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO and Bank Islam.

  • iMotion Technology Establishes Japan Branch, systematically accelerating Overseas Expansion

    iMotion Technology Establishes Japan Branch, systematically accelerating Overseas Expansion

    TOKYO, JAPAN – EQS Newswire – 29 September 2026 – On September 28 2026, iMotion Technology (01274.HK) officially established its Japanese branch in Shinagawa, Tokyo. After the establishment of the Europe R&D Center (Munich, Germany) and the Malaysia Manufacturing Plant, this marks another key step in iMotion’s global expansion strategy and will help the company connect with and more deeply integrated into the global automotive supply chain.

    iMotion Technology Establishes Japan Branch, systematically accelerating Overseas Expansion

    iMotion will adhere to its overseas expansion strategy by serving Chinese OEMs’ overseas business on the one hand, and actively developing international customers on the other. Based on its established presence, iMotion’s products and solutions have followed its customers and been deployed across regions and countries including Europe, Southeast Asia, South Korea and Japan. This has enabled iMotion to accumulate extensive on-the-ground experience in overseas applications and develop strong localized service capabilities.

    In the first half of 2026, iMotion for the first time obtained nominated projects from a customer in the Taiwan region of China and an overseas direct-supply customer, marking significant breakthroughs in both customer coverage and overseas expansion. With the establishment in Tokyo, iMotion’s Japanese Branch will serve as a bridge between Japan and iMotion in relevant business, expanding long-term business cooperation with Japanese OEM and strengthen iMotion’s global brand presence.

    From product expansion to system globalization, iMotion is rapidly building an end-to-end global delivery system. iMotion’s joint venture in Malaysia has completed trial production and is currently undergoing the final customer audit process. It is expected to commence full-scale production and mass deliveries to customers in the third quarter of 2026.

    Looking ahead, iMotion plans to continue strengthening its global sales and service network. Through its overseas business units and production bases, technical adaptation, ecosystem collaboration, and data compliance capabilities, iMotion aims to accelerate its integration into the direct supply chains of international automakers. In addition, iMotion will leverage the resources provided by its strategic overseas shareholders to explore new international business opportunities and establish more international strategic alliances.

    Hashtag: #iMotionTechnology

    The issuer is solely responsible for the content of this announcement.

  • Ping An Digital Bank Celebrates 6th Anniversary, Total Assets and Customer Deposits Both Surge Over 130% YoY, Net Interest Income Rises 55% YoY

    Ping An Digital Bank Celebrates 6th Anniversary, Total Assets and Customer Deposits Both Surge Over 130% YoY, Net Interest Income Rises 55% YoY

    Demonstrated Full-Licence Advantages, Strengthened Fee Income Capabilities, Expanding into High-End Wealth Management Segment to Forge New Growth Engines, Deepening Trade Finance to Support Government Initiatives, Serving the Real Economy via Financial Services

    • As of 30 June 2026, Ping An Digital Bank’s total assets exceeded HK$15.6 billion, while total customer deposits reached nearly HK$13.7 billion, both surging over 130% year-on-year.
    • Capitalising on its full-licence advantage, investment commissions have emerged as a new driver for fee income, boosting core profitability with net interest income rising 55% year-on-year to HK$140 million.
    • PingAnDB will continue to uphold its “Customer Experience First” vision, providing all retail customers with a user-friendly digital banking service. Meanwhile, the Bank will continuously deepen its wealth services and expand into the high-end wealth management to meet customers’ diversified asset allocation needs.
    • Responding to the government’s initiative to “take forward ‘Finance+’ to serve the real economy,” Business Banking remains committed to serving trade SMEs. Leverages fintech and alternative data to strengthen trade finance, PingAnDB empowers trade SMEs and cross-border e-commerce in global expansion.

    HONG KONG SAR – Media OutReach Newswire – 29 September 2026 – Ping An Digital Bank (International) Limited (“Ping An Digital Bank” / “PingAnDB”) enters its 6th anniversary with strong upward momentum and standout operational performance across key indicators. Total assets and customer deposits both surged over 130% year-on-year, while net interest income rose approximately 55% year-on-year to over HK$140 million. Following the branding revamp and the launch of investment services, Ping An Digital Bank has fully leveraged its full-licence advantages, making investment commissions a new growth engine for service fee revenue. Moving forward, Ping An Digital Bank will continue to uphold its “Customer Experience First” vision, delivering a seamless and all-in-one digital banking solution through a single app. PingAnDB will also elevate its wealth platform by introducing a broader suite of investment offerings and high-end wealth management services, assisting them with diversified asset allocation and management.

    Since accelerating its retail banking expansion, Ping An Digital Bank has launched wealth and offline insurance services, driven business scale and strengthening core profitability. As of 30 June 2026, total assets surged 133% year-on-year to over HK$15.6 billion, while total customer deposits reached HK$13.7 billion, increased 131% year-on-year. Following the official launch of wealth services in March this year, PingAnDB has achieved initial success in opening new channels to boost fee and commission income. As of June 30, 2026, fee and commission income grew sevenfold year-on-year to HK$6.5 million, with service fee income expected to gradually become another growth engine of the PingAnDB’s revenue.

    Mr. Ronald Iu, Chief Executive of Ping An Digital Bank, said, “Ping An Digital Bank has accelerated the expansion of its retail banking arm recently. As a rising star in retail banking, we adhere to our brand vision of ‘Always with You. Always Ahead.’ By delivering precise product and service strategies, we comprehensively meet customers’ needs, driving significant leaps in asset and deposit scale, with fee income set to become another key revenue driver for us. Furthermore, Ping An Digital Bank is set to elevate its wealth services. Centered on the “Customer Experience First” vision, the Bank will continuously diversify the suite of investment offerings and introduce high-end wealth management services , creating a digital wealth management experience that balances flexibility with professional expertise.”

    Mr. Iu, added, “In Business Banking, we remain steadfast in our commitment to trade SMEs. By leveraging fintech and alternative data to strengthen trade finance, we actively respond to the government’s mandate to ‘leverage financial services to support the real economy.’ As of 30 June 2026, our loan assets grew steadily, with total loans reaching HK$4.14 billion. Moving forward, we will continue to navigate global expansion for trade SMEs and cross-border e-commerce, further deepening trade finance application scenarios to serve as a robust pillar for SMEs.”

    Ping An Digital Bank’s Retail Banking centers its design on usability with a “Customer Experience First” approach. Backed by Ping An Group’s strengths and its full-licence advantages, PingAnDB actively builds an exclusive financial ecosystem and integrated financial platform. Customers can enjoy a one-stop suite of financial services—including deposits, foreign exchange, cross-border remittances, wealth, and insurance—all via a single app. Additionally, Ping An Digital Bank offers a dual-strength wealth services feature enabling retail banking customers to seamlessly switch funds between investments and savings deposits. US stock trades carry a flat brokerage fee of USD0.881 per transaction regardless of transaction value or share count. Combined with a USD savings yield of up to 3.28% p.a.2, customers can park liquidity to earn interest and pivot instantly when market opportunities arise. Together with comprehensive online and offline insurance services, Ping An Digital Bank delivers smart financial experiences with a human touch.

    While deepening retail financial services, as the first digital bank tailored for SMEs, Ping An Digital Bank extends its financial capability into the business banking sector, comprehensively covering business banking account, cross-border remittance, currency exchange, and loan services. As a core supporter of trade enterprises, Ping An Digital Bank has unlocked the potential of commercial data over the years to revamp account opening and credit assessment process, solving previous pain points of SMEs to achieve fast and accurate evaluations. This fully empowers enterprises to capture global market opportunities and builds a robust digital financial ecosystem.

    For the interim report 2026 of Ping An Digital Bank, please visit https://www.pingandb.com/en/financial-report.html

    1 Brokerage fee excludes any custody fee, securities deposit charges, nominee services fee and any third-party transaction charges such as transaction levy, stamp duty and trading fee, handling fee, securities management fee, transfer fee, capital gain tax and SEC Fee, etc.

    2 Applicable only to USD savings deposits between USD 15,000 and USD 60,000 and subject to the “USD Savings Interest Rate Offer” terms and conditions. Interest on USD deposits will be calculated on a daily basis on a 360-day year and is determined at the Bank’s discretion from time to time.

    USD Savings Balance Interest Rate (p.a.)
    First US$14,999.99 0.50%
    US$15,000 to 60,000 3.28%
    Above US$60,000 2.00%

    Hashtag: #平安數字銀行 #PingAnDB #中期業績 #InterimResults

    The issuer is solely responsible for the content of this announcement.

    Ping An Digital Bank

    Ping An Digital Bank (International) Limited (“Ping An Digital Bank,” “PingAnDB”) is a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318). Ping An Digital Bank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer retail banking and business banking services. Backed by Ping An’s advanced technology, Ping An Digital Bank is elevating banking experience, serving customers in Hong Kong and the Greater Bay Area, establishing itself as Ping An Group’s integrated financial platform in Hong Kong.

  • Fewer than 1 in 3 Singaporeans have enough savings for prolonged critical illness recovery

    Fewer than 1 in 3 Singaporeans have enough savings for prolonged critical illness recovery

    2 in 3 Singaporeans expect recovery during their ‘health gap’ year to cost more than $200,000

    SINGAPORE – Media OutReach Newswire – 29 September 2026 – Recovering from a critical illness (CI) can take far longer than many Singaporeans expect, yet few are financially prepared for the journey. A poll by Prudential Singapore (“Prudential”) found that 67 per cent of Singaporeans expect recovery from a severe-stage critical illness to take more than a year. However, only 29 per cent say their savings could cover household expenses for that long if they had no income during recovery.

    The findings highlight the challenges of what Prudential terms “health gap years” – the period when individuals may be unable to work while recovering from a critical illness such as cancer, heart attack or stroke, even as ongoing household expenses, caregiving costs and financial commitments continue.

    Concerns over the cost of recovery are reflected in the poll as only one in five Singaporeans (20 per cent) are confident they could cover both medical bills and everyday expenses during recovery. More than three in five (64 per cent) estimate they would need more than S$200,000 to cope with the financial impact of a severe-stage critical illness.

    The findings are aligned with the Life Insurance Association (LIA) 2022 Protection Gap Study that reported a 74 per cent CI protection gap. This suggests that most people do not have sufficient protection coverage, which leaves them financially vulnerable in an unforeseen event.

    Mr Manu Tandon, Chief Health & Protection Officer, Prudential Singapore, said: “Many people recognise that recovery from a critical illness can take a long time, yet they may not be financially ready when it happens. Critical illness is not merely a medical episode. It can have far-reaching emotional, financial and physical implications for patients and their families, long after they leave the hospital. This may include the patient’s loss of income, the strain of additional expenses, and greater demands on caregivers.”

    These concerns are reflected in the poll where about half the respondents (46 per cent) cited medical expenses as their primary concern, while 34 per cent were worried about the loss of income and 31 per cent about burdening their family.

    Critical illness can impact long-term financial goals

    Beyond immediate healthcare expenses, respondents expect CI to affect their long-term financial security. If they run out of funds during recovery, they are most likely to draw on their emergency funds (53 per cent), retirement savings (40 per cent) or sell investments (33 per cent). Almost one in four (24 per cent) would even return to work earlier than planned.

    Families with children may face particularly difficult trade-offs. Among respondents with children, 35 per cent identified education fees as a key expense during recovery. If they were unable to work, 24 per cent were likely to pull their children out of enrichment classes and 19 per cent would dip into education funds.

    Caregiving costs represent a major blind spot

    The poll also found that many Singaporeans may be underestimating the financial impact of caregiving during recovery. For most families, the financial strain will deepen when caregivers leave work to provide care. Almost 3 in 4 (72 per cent) cited financial support as the most important form of support for caregivers, but only 13 per cent believed their household would have enough savings if a caregiver stopped working to care for them.

    Respondents also identified caregiving-related costs that could arise during recovery, including costly drugs and alternative treatments (71 per cent), ongoing daily living expenses linked to care needs (67 per cent) and rehabilitation and therapy (59 per cent).

    Mr Tandon added: “Ultimately, being prepared for potential health gap years can make a difference between a recovery journey overshadowed by financial stress and one focused on what matters most: recovery and getting life back on track. Building a strong financial safety net to weather a critical illness event is crucial not only for the individual, but the whole family.”

    Owning a critical illness (CI) plan does not mean adequate protection

    Although more than half (59 per cent) of respondents own a CI plan, only 20 per cent are confident that they have adequate coverage to sustain them through recovery.

    CI insurance is designed to provide a lump sum payout that will help policyholders manage income loss and additional expenses, and it supplements hospitalisation insurance that pays for medical bills incurred from hospital stays. Nearly nine in 10 respondents (88 per cent) said a lump-sum CI payout would be important in helping their families manage caregiving expenses and income loss during recovery.

    Said Mr Tandon: “This indicates that consumer awareness and ownership of a CI plan do not necessarily translate into a sense of financial security. Closing the protection gap would require consumers to assess if their coverage is enough to support them and their families throughout the health gap years. Besides the sum assured, understanding the breadth of coverage and types of illnesses covered under your plan is important as there are different types of plans available. This is why it is important to do regular reviews with your financial representative to ensure your coverage continues to meet your needs through the years.”

    The poll commissioned by Prudential surveyed 1,000 Singapore residents aged 18 to 55+ from June to July 2026. The study explored how prepared Singaporeans are for their potential “health gap years” and examined gaps in financial preparedness, caregiving support and understanding of CI protection.

    Hashtag: #PrudentialSingapore




    The issuer is solely responsible for the content of this announcement.

    About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)

    Prudential Assurance Company Singapore (Pte) Ltd is one of the top life and health insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 95 years. As at 31 December 2025, it has S$66.3 billion funds under management. The company has an AA Financial Strength Rating from leading credit rating agency Standard & Poor’s and delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of 5,400 financial representatives.

  • Allianz Global Wealth Report 2026: Markets Drive Record Wealth as AI Raises the Stakes

    Allianz Global Wealth Report 2026: Markets Drive Record Wealth as AI Raises the Stakes

    • Markets on Autopilot: Global financial assets rose 8.6% to a record EUR268.4trn, with markets generating 4 in 5 euros of additional wealth.
    • Portfolios set the tone: Securities grew 12.4%, more than twice as fast as deposits or insurance and pensions.
    • AI raises the stakes: AI could power the next wave of wealth creation, but high valuations and concentrated ownership raise both market and distributional risks
    • Singapore stays among the world’s wealthiest: Financial assets rose by 9.1% in 2025, and net financial assets per capita of EUR192,840 keep Singapore the world’s 4th-richest country
    MUNICH, GERMANY – Media OutReach Newswire – 29 September 2026 – The 17th edition of the Allianz “Global Wealth Report,” which puts the asset and debt situation of households in almost 60 countries under the microscope, shows that global household wealth hit a new record in 2025, while market gains and the rise of AI are making asset ownership increasingly important in determining who benefits from future wealth creation.
    Markets, not savings, powering the gain
    Global financial assets increased by 8.6% in 2025 to a record EUR268.4trn, despite a challenging geopolitical and economic backdrop. Markets did the heavy lifting in 2025, as rising asset prices accounted for roughly 4 out of every 5 euros of new household wealth. Fresh savings fell 5.4% to EUR4.1trn. “Global wealth set another record in 2025, but that only tells half of the story,” said Ludovic Subran, Chief Economist and Chief Investment Officer at Allianz. “Since 2019, nominal financial assets are up 50%, but in real terms, stripped of inflation, they only grew 23%. The situation is worse in Western Europe where financial assets in real terms are up 0.5% compared to 2019. It is 21% in North America and 70% in China.”
    Portfolios set the tone
    Portfolio composition increasingly determines who captures the gains from wealth creation. Securities increased by 12.4% in 2025, more than twice as fast as deposits (5.7%) or insurance and pensions (5.0%), pushing their share of global financial assets to a record 46.9%. North American households, with 60.7% of their portfolios invested in securities, benefited particularly strongly from rising markets; their region generated 51.4% of the global increase in financial assets. Over the past decade, valuation gains accounted for 71% of North American financial-asset growth, compared with only 36% in Western Europe, reflecting the importance of investing savings over holding them in low-earning accounts.
    2026-27: AI as a swing factor amid slowing GDP growth
    We estimate that global financial assets could grow by a solid 9% in 2026, but the medium-term backdrop is turning tougher as slower growth, persistent inflation, fragmentation and high public debt weigh on returns. Going forward, AI is therefore the key swing factor: stronger productivity and earnings could sustain asset returns, but the growing reliance on AI-powered markets to drive household wealth also creates vulnerability. With the S&P 500 up around 95% since end-2022, much of the recent wealth boost rests on elevated market valuations and AI expectations. We find that a 25% correction in the S&P 500 would erase around USD27trn of US household wealth in the year of the shock, equivalent to almost 14% of total net worth, weighing on confidence and consumption, and pushing the US economy into recession.
    But the AI wealth story is not only about how much wealth is created, it is also about who captures the gains. “AI could become the next great wealth engine, but the key question is who gets a stake in it,” said Katharina Utermöhl, Head of Thematic & Policy Research at Allianz Research. “As AI potentially shifts more value creation towards capital, broader participation in capital returns and policies that help workers adjust will be key to making the AI wealth dividend more widely shared.”
    Singapore: The world’s 4th-richest country by net wealth per capita
    Gross financial assets of Singapore’s private households increased by 9.1% in 2025 to EUR1.4trn, up from 8.5% growth in 2024, modestly above the global average (8.6%) though just below the average for the surveyed Asian countries excluding Japan and China (9.8%).
    Securities grew fastest among all asset classes, up 12.7%, ahead of insurance and pensions (9.3%) and deposits (6.8%). However, due to Singapore’s strong capital-funded pension system, insurance and pension remained the dominant asset class in the average private household’s portfolio, with a share of 47.2%, followed by deposits with 33.2%. Securities accounted for just 19.6% of Singaporean portfolios – well below both the regional average of 30.8% and the global figure of 46.9%.
    Adjusted for inflation, Singaporean financial assets grew by 8.1% in real terms in 2025, up from 6.0% in 2024. They have increased by a cumulative 33.3% since 2019 – below the regional average of 39.6%, though well above the global average of 22.9%.
    Private households’ liabilities rose by 7.4% to EUR269.9bn, growing more slowly than gross financial assets. As a result, net financial assets increased by 9.5% to EUR1.1trn. With net financial assets of EUR192,840 per capita, Singapore ranked 4th among the world’s richest countries in 2025.

    Net financial assets per capita in 2025

    In Euro Y/Y in % Rank 2005
    1 United States 296,950 9.8 2
    2 Switzerland 275,980 3.9 1
    3 Denmark 197,510 2.4 4
    4 Singapore 192,840 8.8 10
    5 Taiwan 164,470 9.6 12
    6 Sweden 155,980 6.2 13
    7 Canada 135,350 9.8 11
    8 New Zealand 127,550 2.4 9
    9 Netherlands 116,600 -6.2 7
    10 Belgium 114,590 4.2 3
    11 Australia 113,190 11.0 16
    12 Germany 91,780 6.4 17
    13 Italy 91,730 8.8 6
    14 Japan 89,420 7.9 5
    15 Ireland 83,590 5.0 18
    16 Austria 82,260 6.3 15
    17 France 77,940 4.1 14
    18 United Kingdom 72,200 2.0 8
    19 Malta 65,720 3.6 19
    20 Spain 55,300 11.2 21

    The interactive “Allianz Global Wealth Map” can be found here on our homepage:
    https://www.allianz.com/en/economic_research/research-data/interactive-wealth-map.html

    You can find the study here on our homepage:
    https://www.allianz.com/en/economic_research/insights/publications/global-wealth-report-2026.html
    Hashtag: #AllianzResearch

    The issuer is solely responsible for the content of this announcement.

    About Allianz

    The Allianz Group is one of the world’s leading insurers and asset managers, active in nearly 70 countries and serving around 97 million customers*. Our insurance customers benefit from a broad range of offerings, from property, life and health insurance, through assistance services and credit insurance, to corporate insurance. For the seventh consecutive time, Allianz has been recognised as the world’s leading insurance brand in the Interbrand ‘Best Global Brands 2025’ ranking. This success is based on a technology-enabled customer focus – with the aim of providing security, protection and prevention to our customers and strengthening the resilience of individuals, communities and societies. We are one of the world’s largest investors and manage an investment portfolio of around 770 billion euros** on behalf of our insurance customers. In addition, our asset managers PIMCO and Allianz Global Investors manage approximately 2.0 trillion euros** for third parties. Thanks to our systematic integration of environmental and social criteria into our business processes and investment decisions, we hold an ‘AAA’ ESG Rating from MSCI (as of March 2026). In 2025, our 156,000 dedicated employees generated revenues of 186.9 billion euros for the Group and achieved an operating profit of 17.4 billion euros.

    * As of 31 December 2025. The customer figure reflects only Allianz customers in consolidated companies within the scope of customer reporting.

    ** As of 31 March 2026.

    As always, the assessments are subject to the disclaimers set out below.

    Cautionary Note Regarding Forward-Looking Statements
    This document contains forward-looking statements such as forecasts or expectations that are based on management’s current views and assumptions and are subject to known and unknown risks and uncertainties. Actual results, performance figures or events may differ materially from those expressed or implied in such forward-looking statements.

    Such deviations may arise from changes in factors including, but not limited to: (i) the general economic and competitive situation in the Allianz Group’s core business areas and markets, (ii) the performance of financial markets (in particular market volatility, liquidity and credit events), (iii) adverse publicity, regulatory actions or litigation involving the Allianz Group, other financial services providers and the financial services industry in general, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and developments in loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency rates, (vii) the default rate of borrowers, (viii) changes in interest rate levels, (ix) currency exchange rates, particularly the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions, including related integration and restructuring measures, and (xii) general competitive factors, in each case at a local, regional, national and/or global level. Many of these changes may be exacerbated by terrorist attacks and their consequences.

    No Duty to Update
    Allianz assumes no obligation to update the information and forward-looking statements contained in this release, unless required to do so by law.

    Privacy Note
    Allianz SE is committed to protecting your personal data. Find out more in our

  • Investor Pointe Appoints Chief Innovation Officer as Agentic AI Drives Private Markets Forward

    Investor Pointe Appoints Chief Innovation Officer as Agentic AI Drives Private Markets Forward

    Technology entrepreneur will focus on translating client challenges into practical, scalable product innovation.

    London, United Kingdom – Newsfile Corp. – September 29, 2026 – Investor Pointe, a global technology and services firm powering how private markets firms operate, today announced the appointment of Juan Manrique as Chief Innovation Officer. Based in London, Manrique will work across clients, product, and technology to identify emerging challenges and opportunities.

    Manrique brings more than 20 years of experience across technology, data, product, and marketing, along with 17 years as an entrepreneur. He co-founded and served as CEO of Untap, Hydra Management, and e-Task.it, and held senior roles spanning product, marketing, business development, and data services at Tiscali, Kingston Communications, Cision, and PSINet. His appointment follows that of fellow Untap co-founder Manfredi Bargioni as Chief Client Officer, bringing complementary expertise in understanding client needs and translating them into product and technology innovation.

    “Innovation for innovation’s sake is useless. It needs to be tied to customer pain,” said Juan Manrique, Chief Innovation Officer at Investor Pointe. “Our role is to listen to the market, understand the problems our customers face, and turn those needs into tangible solutions. Technology is incredibly powerful, especially with AI, but the starting point must be understanding what the customer actually needs.”

    AI and the next phase of private markets

    Private markets are undergoing two related shifts: access is broadening to a wider investor base, while technology is evolving from providing firms with software to increasingly supporting the work itself. Private capital AUM has nearly tripled over the past decade, reaching $16.7 trillion at the end of 2025, according to PitchBook1. As the investor base expands, firms must handle more onboarding and servicing alongside growing reporting and data requirements, without a corresponding increase in headcount or operational complexity.

    “The industry has made significant progress in opening private markets to a wider group of investors. The question now is how we make that expansion work in practice,” said Manrique. “AI gives us the ability to develop new capabilities faster, with agents taking on more of the legwork involved in managing complexity and volume, while humans remain involved in the decisions that matter.”

    “Juan’s appointment reflects the role we want innovation to play at Investor Pointe,” said Scott Hofmann, Chief Executive Officer at Investor Pointe. “We need to stay close to the challenges our clients are facing, understand where the market is heading, and translate that insight into technology that can be adopted at scale. We are constantly exploring the art of the possible, and we apply real discipline to deciding which ideas should become reality for our clients. Juan brings a rare combination of entrepreneurial, product, data, and private markets experience. His role will sit at the intersection of clients, product, and technology, helping ensure we continue to develop our platform around what the market needs.”

    Agentic AI is an important part of that development, moving beyond answering questions to carrying out defined tasks and identifying where human attention is needed. Agents can handle routine work across areas such as investor onboarding and portfolio monitoring, flagging issues and bringing relevant information to the right person while keeping human judgement at the centre of decision-making.

    ENDS

    Press Contact:
    Margarita Kouklaki Ntourou
    Communications Manager, Investor Pointe
    margarita.kouklakintourou@investorpointe.com


    1 Source: PitchBook, a Morningstar company – https://pitchbook.com/news/reports/q2-2026-global-private-market-fundraising-report

    The issuer is solely responsible for the content of this announcement.

    About Investor Pointe:

    Investor Pointe is a global technology and services firm powering how private markets firms operate. It unites distribution, investor engagement, portfolio management, and the underlying data layers into a single, secure system. As a partner from initial product decisions to the final capital return, Investor Pointe’s agentic solution is supported by a team of human experts to provide clients with exactly the level of support they need, from self-serve to fully managed. Investor Pointe has over 2,500 funds managed on its system, working with leading investment managers, wealth managers, fund administrators, and advisors with over $400 billion in assets. Investor Pointe has offices in London, New York, Hong Kong, Hyderabad, and Bogotá. For more information, visit .

  • CBB 2026 Set for a Grand Opening | Leading Exhibitors Across the Entire Industry Chain to Gather in Shanghai This October

    CBB 2026 Set for a Grand Opening | Leading Exhibitors Across the Entire Industry Chain to Gather in Shanghai This October

    SHANGHAI, CHINA – Media OutReach Newswire – 29 September 2026 – From October 12 to 15, 2026, the 2026 International Brew & Beverage Processing Technology and Equipment Exhibition for China (CBB 2026) — the benchmark full-industry-chain exhibition for the liquid food sector in the Asia-Pacific region — will open at the Shanghai New International Expo Centre (SNIEC). With the final countdown underway, this biennial industry event is sending a rallying call to the global liquid food community on an unprecedented scale.

    The next decade of the liquid food industry is beginning here — ahead of time.
    The next decade of the liquid food industry is beginning here — ahead of time.

    Guided by the themes of innovation, intelligence, sustainability and high-end development, and committed to “building a new platform for upgrading the entire liquid food industry chain while writing a new chapter of high-quality development,” CBB 2026 will bring together leading enterprises from every segment: baijiu (Chinese spirits), beer, beverages, dairy, condiments and packaging equipment. More than 900 exhibitors from China and abroad will make a joint appearance, and over 60,000 professional visitors from around the world are expected to attend for business discussions, across an exhibition area exceeding 100,000 square meters.

    After more than three decades of development, CBB has long been more than a trade fair. It continuously connects the entire chain — from raw materials, brewing and filling to packaging and digital smart manufacturing — creating an integrated industry platform for business matching, technical exchange and innovation. Step into CBB and you will see an exhibition; look closer and you will read the present and the future of an entire industry chain.

    01 Leading Enterprises from Every Segment — One Show for the Entire Industry Chain

    This year’s exhibitor lineup can truly be described as a full mobilization of the industry chain.

    From upstream raw and auxiliary materials, brewing and processing, to midstream filling, packaging equipment and production line integration, and on to downstream labeling and coding, smart warehousing and digital solutions — leading enterprises from every segment, including baijiu, beer, beverages, dairy and condiments, will take the stage together, forming a complete map of the industry.

    Whether you are sourcing turnkey production lines or comparing individual machines, whether you focus on a single process or evaluate complete smart-manufacturing solutions, you will find your answer at this show.

    02 Four Highlights: Unlocking the 2026 Trends of the Liquid Food Industry

    Closely aligned with industry development trends, this edition focuses on four main themes — internationalization, localization, intelligentization and green development — bringing together cutting-edge technologies and innovations from around the world to present a clear picture of where the industry is heading.

    Highlight 1 | Global Giants Gather as Frontier Technologies Take the Stage

    The international zone boasts a stellar lineup: world-renowned brands including BarthHaas, Fermentis, Krones, HEUFT, CIMC Enric, SACMI, ifm, Endress+Hauser, SEW-Eurodrive, Alfa Laval and Grundfos will all be present, covering core supporting technologies that range from hops, raw and auxiliary materials and pre-treatment processes to filling and packaging equipment and integration, end-of-line packaging and conveying, smart factory solutions and water treatment — spanning the entire liquid food production and packaging chain. A number of brand-new machines and solutions will make their on-site debuts, showcasing the latest achievements in smart manufacturing and green sustainability for the liquid food industry.

    Highlight 2 | Chinese Smart Manufacturing Breaks Through as Homegrown Equipment Goes Global

    Leading Chinese liquid food equipment manufacturers — Tech-Long, Newamstar, Lehui, Zhongya, Zhongchen, SUNRISE, Hermann and Talos — will exhibit in force, showcasing independently developed core equipment and technologies such as high-speed filling, aseptic packaging, intelligent inspection and integrated smart production, covering the entire production process from raw material pre-treatment, brewing and processing to filling and sealing, labeling and coding, and smart warehousing. These achievements not only help small and medium-sized food producers cut costs, boost efficiency and optimize their production systems, but will also accelerate the expansion of Chinese high-end equipment into global markets.

    Highlight 3 | Smart Upgrading Across All Scenarios: Building a New Ecosystem of Digital Production

    Digital transformation is one of the defining features of this edition, addressing smart-upgrading needs across the entire liquid food industry chain. From automated and intelligent production scheduling, predictive maintenance and big-data quality control throughout the process, to complete digital-twin factory solutions, every scenario is covered. Core intelligent equipment — including smart sensors, automated control systems and unmanned sorting machines — will be on display, helping the industry move from traditional manual control toward fully digital, intelligent and unmanned production.

    Highlight 4 | Green and Low-Carbon Empowerment: Sustainable Production Solutions That Deliver

    Aligned with global dual-carbon strategies and the industry’s low-carbon transition, exhibitors will launch a range of low-carbon technologies and equipment, including energy-efficient filling machines, circulating water treatment technologies, equipment for biodegradable packaging, and waste heat recovery systems. While optimizing production costs and efficiency, these solutions comprehensively support energy conservation and emission reduction, offering practical, full-coverage green production solutions for producers of alcoholic drinks, beverages, water, dairy products, condiments and other liquid foods — and helping the industry build a sustainable future.

    03 More Than Ten High-Level Forums: Decoding the Trends Shaping the Industry

    More than ten high-quality concurrent events will be held during the show, bringing together authoritative industry experts, chief engineers of leading enterprises and industry leaders for in-depth discussions on segment trends, technological innovation and industrial transformation.

    04 Why Attend? Three Audiences, Three Answers

    • If you are a business owner or procurement decision-maker: compare leading solutions from across the industry chain in one place, connect with quality suppliers, and identify practical paths to lower costs, higher efficiency and transformation.
    • If you are an engineer or part of a production technology team: experience live demonstrations of cutting-edge equipment, meet manufacturers’ technical experts face to face, and be among the first to grasp the trends in smart manufacturing and green, low-carbon technologies.
    • If you are an industry observer or investor: read the next three to five years of the liquid food industry through the exhibitor lineup, technology directions and forum topics.

    05 See You in Shanghai This October

    A biennial rendezvous — and a shared point on the calendar for the entire industry.

    From October 12 to 15, 2026, CBB 2026 looks forward to welcoming you at the Shanghai New International Expo Centre. For more information, please visit www.chinabrew-beverage.com.

    Hashtag: #CBB2026

    The issuer is solely responsible for the content of this announcement.

  • Beijing Chaoyang: A Sleepless City, A Stage for the World

    Beijing Chaoyang: A Sleepless City, A Stage for the World

    BEIJING, CHINA – Media OutReach Newswire – 29 September 2026 – Light dances on the waterfront, art connects the world. The 2026 Beijing Chaoyang International Light Consumption Season & Liangma River International Arts Festival is now in full swing.

    A Panorama of the City's Nightscape
    A Panorama of the City’s Nightscape

    On the evening of September 24, the 2026 Beijing Chaoyang International Light Consumption Season & 2026 Liangma River International Arts Festival officially opened. This year’s annual theme is “AMAZING YOU.” The Light Consumption Season runs until October 11, spanning both the Mid-Autumn Festival and National Day holidays for the first time; the Liangma River International Arts Festival continues until November 20, featuring ten major themes and over a hundred performances.

    A Panorama of the City’s Nightscape
    As a vivid scroll of the city’s nighttime beauty, this year’s Light Consumption Season creates a vast space for nocturnal storytelling. With the Liangma River Cultural and Economic Belt and the Olympic Central Area as its two cores, the event links key districts such as CBD, Sanlitun, Chaowai UIC, Dawangjing, and Gaobeidian, unfolding a night-tour landscape where water and land intertwine. Visitors can board the Liangma River cruise “Light-Chasing” to watch light and shadow bloom in sequence upon the waves of Lotus Lake and North Lake; or stroll along the Chaoyang Park night-tour route, from the East Fifth Gate to the Shell Theatre, immersing themselves in the light-and-shadow night tour Romance of Light and Shadow.

    Romance of Light and Shadow is jointly created by the China Oriental Performing Arts Group Co., Ltd. and other professional teams. With the narrative thread of “journeying toward an unexpected romance,” it is divided into three acts and seven chapters, transforming the entire Chaoyang Park into a borderless, three-dimensional theatre of light and shadow. Seven themed theatres are scattered across diverse settings—mechanical installations, waterborne cruises, floating stages—creating a unique experience of “one river, seven realms; a journey shared by water and land.”

    A Stage for World Art
    Chaoyang’s night is also the world’s night. As an urban stage where Eastern and Western art converge, it uses the waterfront as its parlour, fostering encounters and dialogue among civilisations.

    Under the night sky, the elegance of Chinese tradition flows—ancient architectural aesthetics, ink-wash imagery, and traditional Chinese music gatherings speak of Eastern romance. Meanwhile, global artistic forces gather along the Liangma River. A French creative team presents a floating piano and double bass duet; balloon artists from the Netherlands and France offer whimsical interactive performances; and the giant light installation Arch Flower by a French artist blooms like a magnificent flower, becoming a new landmark for visitors. Inside the Shell Theatre, more than ten exquisite performances take the stage in succession, including the waterside exclusive edition of Yang Liping’s Dynamic Yunnan, a retro jazz night with ZaZaZsu, and a performance by the Beijing Music Festival Youth Orchestra.

    East and West, tradition and modernity, converge on this riverbank into an open and inclusive urban stage, vividly interpreting the city’s spirit of “Rising with the World.”

    An Invitation to “Rise with the World”
    The Beijing Chaoyang International Light Consumption Season has now been held for four editions. Today, “Sleepless Chaoyang” has become a calling card of Beijing’s nighttime economy and a window through which the world can understand the vitality of Chinese cities.

    Light is not only for viewing; it also weaves together the warmth of everyday life. During the event, Chaoyang District presents over a hundred integrated cultural, commercial, tourism, sports, and exhibition activities: during the 2026 China Open, the National Tennis Center creates an “immersive carnival”; the Olympic Forest Park hosts outdoor concerts, fluorescent night runs, and night rock climbing; the Olympic Park International Carbohydrate Festival brings together delicacies from across the country; and the Chaowai UIC Block launches the “READYGO City Playground,” featuring the nation’s exclusive “Batman Day,” the DC Merchandise Store, celebrity pop-ups, and the Stray Kids official pop-up SKZOO, appearing in turn.

    Light-and-shadow performances, trendy consumption, sports and leisure, and the warmth of daily life interweave. Every visitor who comes from afar can find their own wonderful experience.

    As the autumn breeze sweeps over the Liangma River, lights across the city come on one after another. Friends from all over the world are welcome to come to Chaoyang—to boat on the shimmering waterfront, stroll through dazzling streets, and feel the urban charm where past and present, China and the world, coexist. Sleepless Chaoyang awaits the brilliance of you.

    Hashtag: #Chaoyang

    The issuer is solely responsible for the content of this announcement.