PARIS, FRANCE – Media OutReach Newswire – 24 October 2026 – The 2026 INPD Awards concluded successfully on October 15 at the Carrousel du Louvre in Paris, France. The winners of these highly anticipated annual international innovation awards for the global beauty industry were unveiled at a grand ceremony.
Co-created by China Cosmetics Review, Cosmetic Valley of France and other partners, the 2026 INPD Awards center on the theme “REGENERATIONS”. The event brings together leading research institutions, enterprises across the value chain and industry experts from the global beauty sector, showcasing cutting-edge innovations in raw material research, formulation technology, sustainable development and more.
The 2026 INPD Awards maintain an international, professional and diverse judging panel, comprising specialists from industry, scientific research, brands, marketing, design and sustainable development. They evaluate innovations across multiple dimensions, including technical value, product performance, brand innovation and industrial significance. This international professional judging system, covering the entire value chain, has further elevated the prestige and industry influence of this year’s awards.
For the first time, this edition of the INPD Awards introduced the Leading Grand Prize, accompanied by a special prize fund of RMB 1 million, to recognize benchmark enterprises leading China’s beauty industry. OSM, with nearly 60 years of expertise in pearl skincare, claimed the 2026 INPD Leading Grand Prize.
Competing alongside top global innovators, the Chinese beauty sector delivered outstanding results with a string of victories. Drawing on a solid scientific research foundation, differentiated innovation strategies and rich cultural expression, Chinese beauty brands and enterprises emerged among the most notable winners, securing major awards across multiple categories and delivering an inspiring performance.
Congratulations to these Chinese beauty players who continue to break new ground on the global innovation stage and whose achievements have earned recognition and acclaim from an international panel of industry judges!
The issuer is solely responsible for the content of this announcement.
BANGKOK, THAILAND – Media OutReach Newswire – 24 October 2026 – Agoda, an online travel platform that is part of Booking Holdings, has its largest office worldwide in Bangkok, with more than 4,500 staff — over half its global workforce. The Bangkok team develops software algorithms, artificial intelligence, and data analytics that help drive the platform, which offers accommodations in more than 200 countries and territories.
Agoda has received investment promotion from the Thailand Board of Investment (BOI) for International Business Center activity. Agoda’s Bangkok base underscores Thailand’s potential to become a tech talent hub.
Mr. Narit Therdsteerasukdi, Secretary General of the BOI, visited the office at the One Bangkok complex and met Agoda Chief ExecutiveOmri Morgenshtern and senior management. The Bangkok site serves as Agoda’s Global Tech & Operations Hub, with systems developed in Thailand deployed across a platform that lists more than 6 million properties in 39 languages. The company employs more than 8,000 people in 25 markets.
More than half of the Bangkok staff are Thai, while about 2,000 foreign specialists come from more than 80 countries. Roles range from software engineering, data science and AI to product management, marketing and international business management.
“Thailand has a deep pool of skilled people in data analytics, IT and communications, engineering and business management, and an open work culture where people of many nationalities collaborate well,” Mr. Narit said. “Combining Thai and foreign expertise allows the company to place complex, high value-added activities in Thailand while creating opportunities to transfer knowledge, upgrade skills, and build the country’s tech ecosystem over the long term.”
Agoda’s foreign experts get help with visas and work permits in one place. The BOI, the Immigration Bureau, and the Department of Employment facilitate both through the Thailand Investment and Expat Service Center, a one-stop service at One Bangkok, where Agoda’s office is also based. That helps experts from around the world join Thai teams quickly and conveniently. It suits a business that constantly trains, coordinates, and travels internationally.
Agoda also runs a talent pipeline with Thai universities. Its Tech Camp Day, held three times a year, brings in more than 100 students per session, and its internship program takes more than 500 students a year from over 10 universities. More than 20 percent of interns have gone on to join the company.
“Working at a global technology company gives Thai professionals exposure to the standards, tools, and working methods of international teams,” Morgenshtern said. “That experience can be carried into new businesses, startups, and the upgrading of companies across industries, spreading knowledge and supporting Thailand’s long-term economic growth.”
“A global company like Agoda choosing Thailand as its main base for high-skilled technology work is an example of success in attracting investment driven by people and knowledge,” Mr. Narit said. “These investments create high-value jobs and give Thais the chance to work with experts from around the world. The skills they gain today will help them build new businesses and develop the country in the years ahead.”
The issuer is solely responsible for the content of this announcement.
Thailand Board of Investment (BOI)
Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.
Investment Services Center – PR Section, Office of the Board of Investment (BOI)
BANGKOK, THAILAND – Media OutReach Newswire – 24 October 2026 – Makers of the capacitors, magnets and battery materials inside AI servers and electric vehicles (EVs) are lining up to invest in Thailand. Since 2023, they have filed 35 advanced materials projects worth about $690 million (23.5 billion baht) with the Thailand Board of Investment (BOI), the government’s investment promotion agency. Surging demand for AI, EVs, and clean energy is pushing global suppliers to build upstream capacity in the country.
Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI)
The projects, filed through the first half of 2026, cover multilayer ceramic capacitors (MLCCs), thermal graphite films, high-performance ceramics, battery and fuel-cell materials, neodymium magnets, glass and quartz fabrics for printed circuit boards, and nanomaterials for precision manufacturing. Together they mark a shift for one of Southeast Asia’s largest economies from downstream assembly toward the high-value materials on which future industries are built.
In AI computing and clean energy, lighter, more heat-resistant and more conductive materials determine how well devices perform. MLCCs are essential components in products from smartphones to AI servers, and a single high-end server can use up to 30,000 of them.
“The world is moving toward products that are smaller and lighter, yet stronger and more efficient,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “Producing advanced materials in Thailand is key to building sustainable industrial capacity, reducing reliance on imports, and opening the door for Thai companies to join higher-value supply chains.”
Thailand is already a production base for leading component makers, including Japan’s Murata Electronics, which holds more than 35 percent of the global MLCC market, and Kyocera AVX Components, the world’s top tantalum capacitor maker. Among the new projects, Taiwan’s Fultech Fiber Glass makes glass fabric for printed circuit boards, including high-performance grades for AI servers. Jones Tech produces synthetic and natural graphite films that carry heat away from electronic devices.
Beyond electronics, the projects strengthen supply chains for electric vehicles, batteries, and clean energy, from BGN Thai’s coated foils for lithium-ion batteries and Phinis Well’s neodymium magnets for EV motors to Xinyuan Graphite’s bipolar plates for hydrogen fuel cells.
CoorsTek Advanced Materials, a subsidiary of US-based CoorsTek — a global leader in engineered ceramics for the semiconductor and aerospace industries — has invested in producing ceramics for automotive pressure sensors and silicon nitride balls for hybrid bearings in EVs and wind turbines. Golden Egret Cemented Carbide is making tungsten carbide powders for precision cutting tools, reinforcing Thailand’s base for high-precision manufacturing.
“The advanced materials industry taking root in Thailand today is the foundation of tomorrow’s supply chains in electronics, EVs, batteries, and clean energy,” Mr. Narit said. “The BOI will keep building this investment base, strengthening upstream materials and components, and supporting R&D, technology, and workforce development, to move Thailand from downstream to upstream production and make it the region’s advanced materials hub.”
Note: USD conversions are based on the Bank of Thailand’s average selling rate of approximately 33.76 baht per USD.
The issuer is solely responsible for the content of this announcement.
Thailand Board of Investment (BOI)
Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.
Investment Services Center — PR Section, Office of the Board of Investment (BOI)
Group presents Phu Quoc for MICE ahead of APEC 2027 alongside its AI travel app
SINGAPORE – Media OutReach Newswire – 24 October 2026 – Vietnam’s Sun Group took part in ITB Asia for the first time this year, using the Oct. 21-23 trade show at Singapore’s Sands Expo and Convention Centre to connect with international partners, expand distribution channels and promote Vietnam’s tourism offering. The group presented Phu Quoc as a destination for meetings, incentives, conferences and exhibitions (MICE) ahead of APEC 2027, and introduced its Visit Vietnam digital travel platform to international markets.
Trade visitors at the Sun Group booth during ITB Asia 2026 in Singapore.
Phu Quoc and a connected travel ecosystem
Phu Quoc was the focus of Sun Group’s presence, as the island prepares to host APEC 2027. Its combination of resorts, entertainment and conference facilities allows organizers to pair business events with leisure programs. Infrastructure, accommodation and conference projects developed for APEC are expected to retain long-term value, strengthening the island’s capacity to host international meetings.
Sun Group also presented a chain of services spanning aviation, accommodation, resorts and entertainment, enabling travel companies to design programs for families, couples and corporate groups. Sun PhuQuoc Airways serves as the transport link bringing visitors to Vietnam, while representatives of hotels in the group’s portfolio in Phu Quoc, Da Nang, Quang Ninh and Hanoi held partnership talks at the booth.
Visit Vietnam’s international debut with Visa
Visa partnered with Sun Group to showcase Visit Vietnam at ITB Asia 2026. Part of the national digital tourism ecosystem, Visit Vietnam is developed and operated by Sun Group and uses artificial intelligence to bring destination information, products and services into one app. Its Travel Feed suggests destinations, dining and activities based on each user’s activity in the app. Its AI Trip Planner lets travelers build personalized itineraries through natural-language conversation and book services within the same chat.
Visit Vietnam is expected to hold its official launch in Phu Quoc in late 2026, with South Korea as its priority international market in the initial phase.
Janice Yeo, Vice President of Consumer Solutions at Visa Asia Pacific, said combining Sun Group’s travel ecosystem with Visa’s payment, technology and data capabilities could help attract international visitors, and that Visit Vietnam has the potential to give them a seamless digital journey from inspiration to payment.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 23 October 2026 – Xing Yu Group and VYBE will introduce the VYBE Ai SHOW Talent Competition at a launch and media gathering in Kluang, Johor, on 13 November 2026. The programme forms part of the group’s development of creator training, digital entertainment and film production activities, with opportunities spanning livestreaming, music, short videos and screen content.
Dr Kervis giving speech on 916 event Malaysia
The launch will coincide with an invitation-only appreciation dinner at Kluang De Jiao Hui Zi Luan Ge, bringing together creative teams, business partners and community guests. The event will present the group’s film projects, creator platforms and collaborations, including The Day We Start Again, a film jointly presented by Xing Yu Group and VYBE and produced by Lomo Pictures.
VYBE Ai SHOW Opens Six Categories for Emerging Creators
According to the organising team’s schedule, the competition officially starts on 11 November 2026, followed by the Kluang launch on 13 November. Entries close on 11 January 2027, with the champion and final results planned for 22 February 2027. The six categories are singing, dance, musical instruments, rap, variety talent and creative short videos.
The programme aims to connect entrants with training, content production and commercial partnerships. Promotional materials list a fully paid electric vehicle valued by the organiser at RM99,800, Maldives travel opportunities for 15 winners, VYBE GOLD rewards and partner gifts. Rewards, travel arrangements and eligibility are subject to the official competition and platform rules.
Dr Kervis Soo, founder of Xing Yu Group and VYBE, said the programme is intended to create pathways beyond a single performance, including opportunities in personal IP development, music, publishing and business collaboration. The Ai SHOW name draws on a talent contest he participated in at Kluang Chong Hwa High School in 2009.
From ZOCCO to VYBE Developing an MCN and AI Creator Ecosystem
According to the group’s business history, 2026 marks its seventh year of business and brand development. Xing Yu Group Berhad serves as the headquarters and business-coordination entity for activities spanning multi-channel networks (MCNs), AI technology, entertainment platforms, media communications, education and film and video content.
Within the group’s ecosystem, Zocco Group Sdn. Bhd. runs ZOCCO’s MCN and livestreaming activities, including creator recruitment, training, talent representation and livestream operations. ECA Global (M) Sdn. Bhd. operates the VYBE application and website. VSTAR Media Sdn. Bhd. participates in the platform’s co-founding and development, while AIMCN Sdn. Bhd. focuses on AI, MCN and creator training.
XY Code provides IT and AI development support, while PRISM MEDIA works in media, public relations, SEO and brand communications. Prism Media Hub is a partner of BrandThirty Sdn Bhd and is managed by Desmond Chen and Chali Tew.
ZOCCO’s creator operations provide equipment, studios, training and operational support for newcomers. Building on this experience, AIMCN combines creator development and content production with AI applications across short dramas, films, music and digital platforms. VYBE is intended to connect these activities with talent development and commercial partnerships.
VYBE Malaysia officially launched on 16 September 2026 at the XingYu Grand Honours × The Shining Award 2026 event. The platform has collaborated with Lincoln Professional Academy (LPA) on education, creator training and AI applications. Event materials also outlined education-related cooperation directions involving UM-Wales and named partners including Yayasan Dato’ Malaysia, TNCSEA, Media Prism, AI Robo, V-STAR, WaveMind, Monochrome and QR Fashion.
Film Projects Connect the Group with Production Partners
The Day We Start Again began filming on 6 October 2026 and is targeting a 2027 release. Filming is planned in Kuala Lumpur and Kluang, with additional filming proposed for Luang Prabang, Laos. Presented by Xing Yu Group and VYBE, the production draws on themes of business setbacks, fresh starts and personal relationships, with Dr Kervis contributing to overall planning and script co-creation.
According to project records supplied by the team, Dr Kervis and associated companies have participated since 2023 in six titles: Indera, The Missing Child, Blooms of Happiness, Kungfu Juniors, Mad Mad World and The Day We Start Again. Their roles differ by project and include investment, presentation, producing, co-production, distribution support and story development.
The group’s collaboration with Lomo Pictures has also extended into short-form content. At the third Malaysia-China Film Exchange Festival in June 2026, Lomo co-founder Ryon Lee signed an MOU with Dr Kervis for a strategic collaboration involving 100 Malaysia-China short dramas, combining live-action performers, creators and AI technology. The proposed collaboration links professional production resources with the group’s creator and technology operations.
At Hong Kong FILMART in March 2026, the team presented film concepts, music, AI imagery and original IP. A China Daily website report credited to Eastday recorded a strategic partnership between AIMOTION and Xing Yu Group’s VSTAR platform at the AIMOTION Global Strategy Launch on 19 March.
Group Leadership and Creative Development
According to the group, Dato’ Kamil Othman serves as chairman of Xing Yu Group and VYBE. His experience includes leadership roles at the National Film Development Corporation Malaysia (FINAS) and the Malaysia Digital Economy Corporation (MDEC). The group aims to strengthen project management and coordination across filmmaking, digital content and talent development.
Alongside screen productions, the team has developed original songs, including The Day We Start Again and After Waking Up, and visual IP such as Xiao Shi and the ZOCCO mascot. Dr Kervis’s first book, The Day We Start Again, was printed on 5 October 2026, with POPULAR bookstore arrangements under preparation according to the supplied publication schedule.
Kluang Gathering Brings Together Partners and Community Guests
The 13 November appreciation dinner will showcase film projects, creator initiatives, music, publishing and community activities. Invited guests include industry partners, family members, teachers and former classmates. Dr Kervis, who grew up in Kluang, intends the gathering to acknowledge those who supported his work while introducing the group’s next phase of creative projects.
The invitation-only dinner takes place at Kluang De Jiao Hui Zi Luan Ge, Jalan Lambak, 86000 Kluang, Johor. Seating begins at 7 p.m., followed by appreciation speeches, networking and performances from 7:30 p.m. to 9:30 p.m., with vegetarian hospitality. The VYBE Ai SHOW launch and media gathering are scheduled for the same day, with interview arrangements subject to organiser confirmation.
The issuer is solely responsible for the content of this announcement.
Zocco Group
Xing Yu Group is a Malaysia-based group founded by Dr Kervis Soo, with activities spanning creator management, digital entertainment, AI technology, education and film development. Its ecosystem connects content creators, production teams, technology providers and business partners to support content production, talent development and commercial collaboration.
Exploring Emerging Opportunities in AI, Smart Supply Chain Management, ESG and Sustainability
Free Admission Open for Public Registration Now
HONG KONG SAR – Media OutReach Newswire – 24 October 2026 – Amid the reshaping of global supply chains, the rapid advancement of artificial intelligence (AI) technologies, and the rise of emerging industries such as the low-altitude economy, the logistics industry is entering a new wave of smart transformation. Organised by the Hong Kong Productivity Council (HKPC) and funded by the Logistics Promotion Funding Scheme (LPFS) under the Maritime and Aviation Training Fund of the Transport and Logistics Bureau of the HKSAR Government, LogTech Expo 2026 will take place on 29 October(Thursday) at the InnoCentre in Kowloon Tong. Under the theme “Smart-Driven Transformation, Leading the Future of Logistics”, the Expo will bring together more than 50 logistics, supply chain and innovation and technology enterprises, alongside logistics industry leaders and experts, to share insights through a series of forums and discussions. The event will provide a one-stop platform for the industry to stay abreast of the latest logistics technology trends and developments. Admission is free, and online registration is now open.
As one of the major annual events in Hong Kong’s logistics technology sector, the Expo will feature the latest applications and achievements in smart logistics. From AI and big data analytics, smart warehousing and robotics, and automated supply chain management systems, to cross-border e-commerce logistics, green logistics, new energy transportation and drone delivery solutions, visitors will be able to experience first-hand how technology is reshaping logistics operations and helping enterprises enhance efficiency and competitiveness.
Renowned Enterprises and Organisations Showcase the Entire Smart Logistics Value Chain This year’s Expo will bring together renowned brands and organisations from the logistics and technology sectors, including SF Supply Chain, Hong Kong Customs and Excise Department, Hongkong Post, Auto-ID Technology, HSM Industrial Solution, Tradelink, GS1 Hong Kong, ShipAny and Axis Communications, showcasing innovative solutions that support digital transformation and intelligent operations across the logistics industry. Visitors can explore the following technology zones:
AI and Data Applications Zone: Leveraging AI, big data and automation technologies to enhance logistics planning and operational efficiency;
Smart Warehousing and Robotics Zone: Showcasing intelligent sorting systems, automated warehousing and robotics solutions;
Smart Supply Chain and Digital Platform Zone: Featuring WMS, TMS and digital supply chain management systems;
Cross-border E-commerce and Delivery Zone: Showcasing innovative models in global fulfilment and smart delivery;
ESG and Green Logistics Zone: Focusing on new energy transportation, carbon reduction technologies and sustainable logistics development;
Low-Altitude Economy Zone: Exploring emerging applications such as drones and last-mile delivery solutions.
Visitors will not only be able to learn how innovative technologies are applied in real-world business scenarios but also engage directly with solution providers and industry experts to explore opportunities for collaboration and transformation.
10 Thematic Seminars and Sharing Sessions Focus on the Future of Logistics In addition to the exhibition, the Expo will feature 10 thematic forums and technical sharing sessions covering key industry topics including AI, supply chain digitalisation, cross-border e-commerce, the low-altitude economy and logistics innovation.
The opening seminar, “Smart Tools for Logistics: Practical AI Applications and Insights”, will be moderated by Ryan IP, Vice President and Executive Director of the Public Policy Institute of Our Hong Kong Foundation, and feature a panel comprising Professor Kee-hung LAI, Head of the Department of Logistics and Maritime Studies and Chair Professor of Shipping and Logistics at The Hong Kong Polytechnic University; Sunny HO, MH, JP, FCILT, Executive Director of the Hong Kong Shippers’ Council; Keno Tai-yip CHEUNG, President of The Chartered Institute of Logistics and Transport in Hong Kong; and Suki CHEUNG Shuk-ming, Chief Executive Officer of MG Ship. Together, they will discuss how AI can enhance logistics operational efficiency, drive supply chain digitalisation, and support Hong Kong’s development as a smart logistics hub.
In addition, experts from organisations including Profit Sky International Industrial, ShipAny, Tradelink, Axis Communications and GS1 Hong Kong will share real-life business cases, enabling visitors to gain deeper insights into digital twins, cross-border e-commerce, supply chain visibility and AI applications in logistics.
Promoting Cross-sector Collaboration to Shape the Future of Logistics The Expo is supported by more than 20 industry organisations, including the Airport Authority Hong Kong, Cathay Cargo, Hong Kong Shippers’ Council, Hong Kong Logistics Association, Chartered Institute of Logistics and Transport in Hong Kong, Cyberport and the Logistics and Supply Chain MultiTech R&D Centre. It serves as an effective platform for industry exchange and business matching, fostering innovative collaboration and industry upgrading.
Admission is free. Logistics practitioners, supply chain professionals, manufacturers, e-commerce businesses, technology solution providers, academics, and members of the public interested in the development of logistics technology are welcome to attend.
The issuer is solely responsible for the content of this announcement.
About the Hong Kong Productivity Council
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.
HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.
To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.
HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.
For more information, please visit HKPC’s website: www.hkpc.org/en.
New report sets out a method the industry can use to put a financial value on climate resilience
The Westbund Central case study shows that its resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today
HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – Hongkong Land Holdings Limited (“Hongkong Land”) today published Building Value That Lasts: Quantifying the Return on Climate Resilience in Real Estate. The report developed with Marsh puts a financial value on designing buildings for a changing climate. Its case study is Westbund Central, Hongkong Land’s mixed-use waterfront development of approximately 1.7 million sq. m. on Shanghai’s Huangpu River.
(From left to right) From left: Michael Long, Head of Group Sustainability, Hongkong Land; Stuart Grant, Chief Executive of Westbund Central, Hongkong Land; Swenja Surminski, Managing Director of Climate and Sustainability, Marsh; and Michael Li, Chairman and President, Marsh Risk China.
The report finds that the development’s resilience measures cut expected storm-surge losses by 84% and rainfall-flood losses by 88% under today’s conditions. Westbund Central’s resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today.
Closing the resilience valuation gap
Climate risk now shapes how real estate is assessed, financed and insured. Almost every climate related disclosure acknowledges the need for adaptation, yet fewer than one in ten puts a number on it. Hongkong Land and Marsh set out to close that gap together by treating resilience as an investment with a measurable return, not a cost to be absorbed.
Resilience pays, and the reductions are large
Working with global leading insurance broker and risk advisor Marsh, Hongkong Land modelled the average annual loss (AAL) at Westbund Central from storm surge, rainfall flooding and wind. AAL is the expected yearly cost of physical damage. The modelling compared climate risks today and in 2050 for buildings with and without resilience measures beyond those required by building codes. It assumed a future in which global greenhouse-gas emissions remain high.
Without the development’s enhanced resilience measures, expected storm-surge losses would more than double and wind losses would more than triple by 2050. The measures reduce expected losses as follows:
storm-surge losses fall by 84%, both today and in 2050
rainfall-flood losses fall by 88% today and 79% in 2050
wind losses fall by 36% today and 31% in 2050
Built for the climate of 2050
Westbund Central was engineered for projected climate conditions in 2050, rather than historical conditions. These measures significantly reduce the impact of increasing climate risk:
Storm surge: with Westbund Central’s resilience measures in place, average annual losses in 2050 are projected at 0.12%, compared with 0.38% for a building without these measures today.
Rainfall flooding: with the resilience measures in place, average annual losses in 2050 are projected at 0.05%, compared with 0.19% for a building without these measures today.
Insurers are raising premiums, tightening terms and withdrawing cover from exposed locations. In that market, a lower and more stable loss profile matters.
Westbund Centrals resilience features include:
23% more drainage capacity, protecting against a 1-in-100-year rainfall event
Grade 1 waterproofed basements and the elevation of critical equipment
A “Sponge City” network of more than 12 features designed to capture and store stormwater, with capacity exceeding 2,000 m³
The figures are conservative. They count physical damage only and exclude extreme heat, the fastest-growing hazard at the site, which the development manages through design and operations.
Michael T. Smith, Group Chief Executive of Hongkong Land, said: “Climate change is a significant force reshaping real estate. At Westbund Central, climate resilience is core to all that we do because we believe resilience and commercial performance reinforce each other. This report shows the return on that investment can be measured today, with tools that already exist. The industry no longer has any excuse not to.”
Stuart Grant, Chief Executive of Westbund Central, said: “A premium destination is a seamless one. Much of the resilience work at Westbund Central is deliberately invisible to the tenants and visitors who use it every day. Its value shows in the disruption that never reaches them. Keeping the precinct open, comfortable and trading regardless of weather conditions is how resilience facilitates commercial performance.”
Michael Li, Chairman and President of Marsh Risk China, said: “Climate risk is now a balance-sheet risk. Westbund Central shows that adaptation pays back through lower loss exposure and stronger access to capital. As a risk orchestrator, Marsh matches protection needs to capital flows, helping clients quantify resilience and close the valuation gap.”
A method for the industry
The report is offered as a method others can apply, not just as an account of one development. It traces how climate risk can be assessed from site selection through to operations and linked to financial outcomes. It calls on the industry to:
quantify early, at site selection and design, when action is most cost-effective
bring insurers and lenders in from the start
build a shared standard so resilience can be benchmarked across assets, as carbon already is
For further details, please see the full report which is available for download [here].
Hashtag: #HongkongLand
The issuer is solely responsible for the content of this announcement.
Westbund Central
Hongkong Land’s Westbund Central is the Group’s largest-ever single investment. Scheduled to complete in phases up until 2028, it is an US$8 billion development encompassing approximately more than 1.7 million sq. m. of prime mixed-use property strategically located at Shanghai’s Xuhui Waterfront. It is a flagship development of Hongkong Land’s prime commercial properties’ CENTRAL Series. The ultra-premium integrated commercial property includes 240,000 sq. m of retail space, 650,000 sq. m. of premium Grade A offices, 160,000 sq. m. of high-end waterfront luxury residences, two hotels (55,000 sq. m.) and over 50,000 sq. m. of cultural and art venues.
Hongkong Land
Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing premium and ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. With over US$50 billion in assets under management, Hongkong Land’s ultra-premium mixed-use real estate footprint spans over 1.97 million sq. m. lettable area in operation and 1.43 million sq. m. lettable area under development, with flagship mixed-use projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. Established in 1889, Hongkong Land takes a long-term view, investing significantly alongside its capital partners and concentrating its portfolio where it can create the most value for tenants, customers and investors. Hongkong Land Holdings Limited has a primary listing on the London Stock Exchange, with secondary listings in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.
Marsh Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.
Named “Best Universal Life Insurance”, “Best Wealth Legacy Product” and “Most Popular Critical Illness Insurance Product”
HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – YF Life Insurance International Limited (“YF Life”) has once again achieved outstanding results at the HKET Wealth Management Awards, winning three accolades in recognition of its innovative product design and comprehensive protection solutions: “Best Universal Life Insurance”, “Best Wealth Legacy Product” and “Most Popular Critical Illness Insurance Product”. The honors reaffirm YF Life’s product strengths in wealth management and health protection, as well as the strong recognition its products have received from the market and customers.
Jason Cheng, Chief Product Officer of YF Life, receiving the award on behalf of the company.
YF Life Chief Product Officer Jason Cheng said, “These honors not only reflect the market’s recognition of YF Life’s product strengths, but also encourage us to continue putting customers’ needs at the heart of everything we do. Through innovative thinking and a forward-looking perspective, we strive to develop solutions that combine flexibility, protection and legacy planning, further strengthening YF Life’s market position as a universal life insurance specialist. “As wealth management needs become increasingly diverse and public awareness of health protection continues to grow, YF Life will remain committed to its ‘customer-first, people-centric’ philosophy. Building on our extensive expertise in annuities and universal life insurance, and guided by our Invesurance insurance investment philosophy, we seek to create long-term growth potential for customers’ insurance assets through professional investment and risk management. By integrating the concept of ‘investing in both wealth and health’ into our products and services, we aim to provide comprehensive wealth management and health protection solutions, helping customers plan for a more prosperous and secure future.”
The WealthPulse Universal Life Insurance Saver, winner of the “Best Universal Life Insurance” award, combines wealth accumulation, asset allocation, institutional-grade investment management and legacy planning to provide customers with a flexible and comprehensive solution. The plan offers opportunities to capture potential market returns through its crediting interest rate, while the base crediting interest rate is guaranteed to be no less than 0% per annum¹. It also provides a guaranteed minimum account value crediting interest rate of up to 3% per annum2, helping customers navigate market fluctuations, alongside welcome bonus, special bonus and loyalty bonus features designed to balance wealth growth and asset protection. The plan also offers flexible premium payment terms, withdrawal arrangements and a range of wealth legacy planning options. Together with 12 lifetime annuity options with guaranteed lifetime payouts, described as unique in the market3, it enables customers to address their wealth management, retirement and legacy planning needs flexibly through a one-stop solution.
The Beyond Infinity Savings Insurance Plan, winner of the “Best Wealth Legacy Product” award, addresses both medium- to long-term wealth accumulation and intergenerational wealth transfer. It offers up to 10 policy currency options4, including the Swiss Franc, which is rarely available in the market5, together with flexible wealth management arrangements that enable customers to capture potential wealth growth opportunities according to their individual needs and market conditions. The plan also provides flexible withdrawal arrangements and a unique in the market 3 lifetime annuity option to accommodate customers’ financial and retirement needs at different stages of life, and along with a comprehensive suite of legacy planning features including the prior arrangement for up to 3contingent policy owners and 3 contingent insureds6, change of insured and policy owner, policy-split option, and up to 11 death benefit settlement options etc. These features enable customers to plan their family wealth with greater flexibility, allowing wealth to continue accumulating across generations and passing both wealth and their wishes on to the next generation.
The YF PrimeHealth Pro Insurance Plan (Ease), which received the “Most Popular Critical Illness Insurance Product” award, is designed for younger customers taking out critical illness protection for the first time and seeking a cost-effective solution, while also providing an upgrade option for customers who already have critical illness coverage. The plan covers 101 critical illnesses and features a guaranteed coverage booster7, with an automatic increase equals to 5% of the basic sum insured every 5-policy anniversary on or before age 65 of the insured, at no additional premium required. This enables protection to grow progressively alongside the insured’s changing life stages and future protection needs, helping customers build a stronger health safety net for themselves and their loved ones.
Organized by HKET, the HKET Wealth Management Awards aim to recognize financial and insurance institutions for excellence in product innovation, professional service and market performance. Winners are selected by a professional judging panel based on multiple criteria and undergo a rigorous assessment process, recognizing their outstanding achievements in advancing the wealth management industry.
Notes:
The base crediting interest rate is declared by us and is subject to change from time to time at our discretion but will be no less than 0% per annum.
The guaranteed minimum account value is applicable in the event of an application of the full annuity, a full surrender of the policy or when the death benefit is payable and accumulates with a guaranteed minimum account value crediting interest rate at 3% per annum during the first 20 policy years and 2% per annum thereafter.
The above description of “unique in the market” is based on our understanding and interpretation of the current market information, by comparing Lifetime Annuity Option with other publicly available universal life insurance plans issued by major Hong Kong and Macau life insurance companies for individual customers as of October 1, 2025.
Macau Pataca (MOP) is included and is applicable to policies issued in Macau only.
The above description is based on our understanding and interpretation of the current market information, by comparing the currency options with other publicly available multi-currency savings insurance plans issued by major Hong Kong and Macau life insurance companies for individual customers as of September 1, 2026.
In the event of the death of the policy owner or the insured, one of the persons nominated in advance will become the new policy owner or the new insured according to the pre-set sequence of succession, subject to the relevant requirements. For details of the policy ownership and change to contingent insured, please refer to the terms and conditions of the policy.
The Guaranteed Coverage Booster is only applicable to an insured whose issue age is 60 or below. The cumulative increase is capped at 45% of the basic sum insured.
General Notes:
The information contained in this press release is intended as a general summary of information for reference only. For more details, please refer to relevant product brochures, promotion leaflets, and policy documents. The terms and conditions of the policy shall prevail. The product information in this press release does not contain the complete terms of the product, which are set out in the policy documents. Please refer to the main product brochure and policy terms and conditions, as well as the explanatory documents provided by your licensed insurance intermediary, to fully understand the details and complete terms and conditions related to the plan. For inquiries, please contact our customer service hotline: (852) 2533 5555/ (853) 2832 2622.
This press release is intended for distribution in Hong Kong and Macau only and should not be construed as an offer or solicitation to sell or promote any YF Life products outside Hong Kong and Macau. YF Life hereby declares that it has no intention of offering, selling or soliciting the purchase of such product in any jurisdiction outside Hong Kong and Macau.
The Information contained in this press release is not sufficient to form the basis of any decisions to purchase any insurance products. You should carry out your own research and/or seek independent advice from licensed intermediaries before purchasing any insurance products or making any insurance decisions.
Hashtag: #YFLife #Invesurance #萬通保險
The issuer is solely responsible for the content of this announcement.
Deputy Financial Secretary and Hong Kong Tourism Board Chairman join leaders from the financial, tourism, retail, cultural and F&B sectors to celebrate the Destination CENTRAL campaign
Destination CENTRAL supports the HKSAR Government’s priorities for the renewal of Central
HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – Hongkong Land Holdings Limited (“Hongkong Land” or “the Group”) today brought together financial, tourism, retail, cultural and F&B sector leaders to celebrate the new DestinationCENTRAL campaign. The Honourable Michael Wong, GBS, JP, Deputy Financial Secretary, was Guest of Honour, and Dr the Hon Peter Lam, GBM, GBS, Chairman of the Hong Kong Tourism Board, attended as a Distinguished Guest Speaker.
Front row (from left to right) Ms Jeanne Cheng, District Officer (Central and Western); Hon Grace Chan Man-yee, Legislative Council Member and Chief Executive of The Hong Kong Council of Social Service; Hon Michael Wong Wai-lun, Deputy Financial Secretary of the HKSAR Government; Mr Michael Smith, Group Chief Executive of Hongkong Land; Dr the Hon Peter Lam Kin-ngok, Chairman of the Hong Kong Tourism Board; Hon Vivian Kong Man-wai, Legislative Council Member; and Hon Carmen Kan Wai-mun, Legislative Council Member. Back row (front left to right) Mr Alexander Li, Head of Asset Management, Hong Kong Central of Hongkong Land; Mr Craig Beattie, Chief Financial Officer of Hongkong Land; Hon Jonathan Stuart Lamport, Legislative Council Member; Mr Anthony Lau, Executive Director of the Hong Kong Tourism Board; Mr Elton Chan, Chief Operations Officer of Hongkong Land; and Mr Graeme Torre, Chief Executive, Hong Kong Central, Hongkong Land.
This new initiative aligns with the priorities set out in Hong Kong’s first Five-Year Plan, and responds to the Chief Executive’s 2026 Policy Address, which recognises Central’s role as a major engine of the city’s development. As the heart of Hong Kong’s financial district, Central is key to Hong Kong’s position as a leading international financial centre.
Central has been home to Hongkong Land since 1889 and the Group has continually supported the district’s development. Today, the Group’s ambition is to
combine long-term investment, place innovation and exceptional hospitality to strengthen Hong Kong’s defining district for finance, luxury retail, art, culture and heritage, seven days a week.
This ambition has been brought to life through the Tomorrow’s CENTRAL programme, which is delivering more than US$1 billion of investment by Hongkong Land and its tenants to transform LANDMARK. The programme is Hongkong Land’s largest investment in Hong Kong for the last two decades and a clear statement of its confidence in the city’s future.
Over the last year, Hongkong Land has also worked alongside the Government and the Hong Kong Tourism Board on Halloween in Central, Winter Wonderland and now Destination CENTRAL. These initiatives invite people to discover more of the district, support local businesses and strengthen Hong Kong’s appeal as a destination thereby supporting Hong Kong’s mega-event economy and its positioning as the events capital of Asia.
Hongkong Land’s Destination CENTRAL campaign uses a Central Passport to connect the district’s heritage, culture, and dining offerings into a cohesive visitor journey.In partnership with Hong Kong Tramways, Hongkong Land has recreated a first-generation tram and a heritage route tracing Central’s transport history.
Michael T. Smith, Group Chief Executive of Hongkong Land, said: “Hongkong Land has helped shape Central for 137 years and our commitment to this district has never been stronger. We are proud to play our part in strengthening Central as a destination where commerce and culture come together, helping sustain this powerful engine for Hong Kong’s economic growth and international connectivity.”
Graeme Torre, Chief Executive, Hong Kong Central, said: “Central is the ecosystem that underpins Hong Kong as an international financial centre. It is also a district where people shop, dine and spend time, whether they work here, live nearby or are visiting the city. Our Destination CENTRAL campaign is one of the many ways Hongkong Land is continuing to deliver on the renewal of Central.”
The issuer is solely responsible for the content of this announcement.
Hongkong Land
Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. With over US$50 billion in assets under management, Hongkong Land’s premium and ultra-premium mixed-use real estate footprint spans over 1.82 million sq. m. lettable area in operation and 1.57 million sq. m. lettable area under development, with flagship mixed-use projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. Established in 1889, Hongkong Land takes a long-term view, investing significantly alongside its capital partners and concentrating its portfolio where it can create the most value for tenants, customers and investors. Hongkong Land Holdings Limited has a primary listing on the London Stock Exchange, with secondary listings in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.
HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – Louis Vuitton unveils a new hoarding in Hong Kong following the iconic ones on the Champs-Élysées in Paris in September 2023, in New York in November 2024, and in Shanghai in June 2025 .
Louis Vuitton unveils in October 2026 a spectacular hoarding inspired by one of the House’s most emblematic themes: the Art of Travel. Throughout the refurbishment, the façade is transformed into a grand train station, evoking the romance and golden age of travel. In celebration of the 130rh anniversary of the Monogram, this reimagined station will also be decorated with the House’s distinctive Monogram motif. Conceived as a tribute to the House’s enduring fascination with travel, and as a nod to Hong Kong’s comprehensive transportation history, the installation brings together heritage, imagination and architectural presence. In keeping with Louis Vuitton’s commitment to more mindful creation, all materials used in the construction of the façade will later be reused or recycled. Designed to capture the city’s vibrant energy, this striking installation will be established as a new monument for all.
Hashtag: #LouisVuitton
The issuer is solely responsible for the content of this announcement.
About Louis Vuitton
Since 1854, Louis Vuitton has brought unique designs to the world, combining innovation with style, always aiming the finest quality. Today, the House remains faithful to the spirit of its founder, Louis Vuitton, who invented a genuine “Art of Travel” through luggage, bags and accessories which were as creative as they were elegant and practical. Since then, audacity has shaped the story of Louis Vuitton. Faithful to its heritage, Louis Vuitton has opened its doors to architects, artists and designers across the years, all the while developing disciplines such as ready-to-wear, shoes, accessories, watches, jewellery, beauty, and fragrance. These carefully created products are testament to Louis Vuitton’s commitment to fine craftsmanship.
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