Category: What’s News Asia

Corporate News from Media OutReach Newswire

  • Media OutReach Newswire Founder & CEO Jennifer Kok Named Top Nominee in the Woman Entrepreneur Category for EY Entrepreneur Of The Year™ 2026 Malaysia

    Media OutReach Newswire Founder & CEO Jennifer Kok Named Top Nominee in the Woman Entrepreneur Category for EY Entrepreneur Of The Year™ 2026 Malaysia

    Recognition in the Woman Entrepreneur category honours a 17-year journey building Asia Pacific’s first global newswire – and the first founded by a woman – giving Asian brands a voice on the world stage

    KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 October 2026 – Jennifer Kok, Founder and CEO of Media OutReach Newswire, has been named one of 12 Top Nominees for EY Entrepreneur Of The Year™ 2026 Malaysia awards, in the Woman Entrepreneur category. This year’s programme, the 25th in Malaysia, drew a record number of nominations.

    Media OutReach Newswire Founder & CEO Jennifer Kok, Top Nominee for the EY Entrepreneur Of the Year 2026 Malaysia awards, in the Woman Entrepreneur category
    Media OutReach Newswire Founder & CEO Jennifer Kok, Top Nominee for the EY Entrepreneur Of the Year 2026 Malaysia awards, in the Woman Entrepreneur category

    Since its launch in 2002, EY Entrepreneur Of The Year Malaysia has recognised more than 350 entrepreneurs, as part of a global programme held in more than 60 countries and jurisdictions. An independent panel of judges assesses nominees against four pillars: entrepreneurial spirit, purpose, growth and impact. Winners will be announced at a gala dinner on 1 December 2026.

    A 17-year entrepreneurial journey

    Entrepreneurial spirit that built Asia’s first global newswire
    Jennifer founded Media OutReach Newswire in 2009 to build what the industry lacked – a global newswire born in Asia – becoming the first woman to found a global newswire, and has continued to redefine the PR industry through industry-first innovations, from the digital era to the age of AI.

    Purpose that turns business success into shared opportunity
    Her mission since day one has been to help Asian brands authentically build their reputation in global markets, leading with a social enterprise mindset that creates opportunity for clients, the PR community and her team. Giving back has always been close to her heart. She provides pro bono press release distribution to help NGOs and community initiatives amplify their impact, while supporting children, marginalised communities and animal welfare.

    Growth that promotes Asian excellence worldwide
    Today, Media OutReach Newswire connects brands with 200,000+ journalists and editors and 70,000+ media titles across 190+ countries and territories, with targeted distribution across 500+ trade categories, alongside 1,500+ media partnerships and offices in eight Asian markets, including Malaysia.

    Impact is redefining PR for the AI era
    Trusted by thousands of agencies, corporations, governments and SMEs, the company has repeatedly set industry standards – most recently becoming a fully AI-enabled newswire in 2026. Media OutReach Newswire connects clients’ news with journalists and enables the news to be cited by AI, helping build brand trust, increase AI visibility, and maximise PR impact.

    Media OutReach Newswire’s next phase of growth is anchored in three pillars: AI innovation, people and social impact. The company uses AI to innovate its services and workflows for clients and staff, invests in its team, and funds community projects for children and animals.

    “Seventeen years ago, I set out to build Asia Pacific’s first global newswire so that Asian brands could tell their stories to the world,” said Jennifer Kok, Founder and CEO of Media OutReach Newswire.

    “To be named a Top Nominee in the award’s 25th year in Malaysia is an honour I share with our team, media partners and clients. Entrepreneurship, to me, has never been just about business. It is about creating opportunities, empowering the PR industry, investing in people and using what you build to help others succeed. Our vision is to help Asian brands to achieve global communications success.”

    Minister of Entrepreneur and Cooperatives Development Steven Sim Chee Keong (eighth from right) with Top Nominees for the EY Entrepreneur Of the Year 2026 Malaysia awards
    Minister of Entrepreneur and Cooperatives Development Steven Sim Chee Keong (eighth from right) with Top Nominees for the EY Entrepreneur Of the Year 2026 Malaysia awards

    Hashtag: #EY #EOY #Entrepreneurship #WomenEntrepreneurs #Asia #AI #Malaysia #MediaOutReachNewswire

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

    About Media OutReach Newswire

    Media OutReach Newswire is Asia Pacific’s first global newswire, founded in 2009 by Jennifer Kok as a trusted partner to media, corporations, agencies and governments. As an AI-enabled global newswire, Media OutReach Newswire connects brands with 200,000+ journalists and editors and 70,000+ media titles across 190+ countries and territories. Through targeted press release distribution, direct journalist access and guaranteed posting on credible news sites with domain authority, it helps brands earn media coverage and build visibility and citations in AI search. Every distribution includes multi-format reports with data insights, and its PR Campaign Intelligence measures communications impact over time.

    Headquartered in Hong Kong SAR, with offices in the Chinese Mainland, Singapore, Japan, Malaysia, Thailand, Vietnam and Taiwan, Media OutReach Newswire’s distribution network spans Asia Pacific, North America, Latin America, the UK and Europe, the Middle East and Africa.

    For more information, please visit .

  • Win A Trip To Las Vegas As Audi Revolut F1 Team Reveals Singapore Special Livery And Exclusive Adidas Capsule Collection

    Win A Trip To Las Vegas As Audi Revolut F1 Team Reveals Singapore Special Livery And Exclusive Adidas Capsule Collection

    • Special Audi R26 livery combines a Singapore-specific interpretation of Titanium Silver Grey, inspired by the city’s changing light, with a Traditional Peranakan Pattern
    • Exclusive adidas collection brings the Singapore visual identity to fans around the world and is available at store.audif1.com
    • Fans can reveal the livery online, collect a digital team card and enter a prize draw for a VIP trip to the Las Vegas Grand Prix

    SINGAPORE – Media OutReach Newswire – 8 October 2026 – Audi Revolut F1 Team has unveiled a special livery designed by Audi and an exclusive limited-edition adidas capsule collection for the 2026 Singapore Grand Prix. The reveal builds on “The Art of Influence,” a 360-degree programme that brings Formula 1 closer to people through experiences across Singapore and online. From city activations and a digital hub for fans worldwide to the Audi R26 livery, specially designed driver race suits and fan wear, a shared Singapore-inspired identity runs throughout the programme. The livery and adidas collection bring this concept further to life on track and beyond the circuit.

    merged-images

    Created by Audi for the team’s first Formula 1 night race, the Audi R26 design combines a Singapore-specific interpretation of Titanium Silver Grey with a Traditional Peranakan Pattern. Fans can discover the livery through an online reveal on audif1.com while the collection is available now at store.audif1.com.

    Fans in Singapore and around the world can take part by revealing the special livery online and unlocking a digital team card through the team’s digital hub. Each unlocked card provides one entry into the prize draw for a trip for one winner and a companion to attend the Las Vegas Grand Prix as VIP guests of Audi Revolut F1 Team.

    Inspired by the city’s light, culture and communities, the activities are part of a broader programme for the race weekend including a community run by adidas and World of Hyatt, a pop up by Audi and adidas at Funan Mall and collaborations with gelato store Birds of Paradise and bakery Burnt Ends at the Audi House of Progress. The design work is the latest element of Audi Revolut F1 Team’s mission which started in Melbourne in March to work with our partners and bring Formula 1 closer to people beyond the circuit and into our everyday lives.

    A LIVERY SHAPED BY SINGAPORE

    Singapore’s transition from daylight to twilight and illuminated night provided the starting point for Audi’s livery design. Audi developed a distinct shade from its Titanium Silver Grey for the occasion, with a blue shimmer inspired by the city’s lights and reflections. Under the circuit’s floodlights, the colour gains depth and changes in appearance as the R26 moves through its surroundings.

    The Traditional Peranakan Pattern adds a cultural and graphic layer. Applied to the rear wing and sidepods, it brings a visible reference to Singapore’s heritage while retaining the straight geometric cuts of the team’s established race livery. Together, the colour and pattern translate influences from the host city into an Audi design for the night race. The same visual language extends to specially designed race suits worn by Nico Hulkenberg and Gabriel Bortoleto throughout the race weekend.

    The new Audi RS 5 will also make its Asian premiere in Singapore with a corresponding colour treatment. The related approaches create a visual connection between the R26 on the circuit and the RS 5 on the road.

    AN EXCLUSIVE COLLECTION WITH ADIDA

    Official Team Partner adidas has translated elements of the Singapore visual identity into an exclusive capsule collection. It features the official cap worn by Nico Hulkenberg and Gabriel Bortoleto during the Grand Prix weekend, alongside a graphic T-shirt, sweatshirt and special edition Adilette comfort slides.

    The collection gives fans wherever they are watching a way to share in the team’s first night race. It is available now at store.audif1.com with seamless checkout powered by Revolut Pay.

    Stefano Battiston, Chief Brand and Commercial Officer, Audi Revolut F1 Team: “Bringing Formula 1 to the people means giving fans more ways to feel part of the team, wherever they are. Singapore shows how we can do that through one connected idea. Audi’s special livery expresses our brand through a design shaped by the city, and fans around the world can discover it for themselves through the online reveal. With the adidas collection and experiences across Singapore, that story continues beyond the race car. ‘The Art of Influence’ invites people to engage with the team in ways that are meaningful to them, whether they are here in the city or following from home.”

    Shop the exclusive adidas Singapore collection: store.audif1.com

    Official imagery: Audi Revolut F1 Team content hub: https://contenthub.audif1.com/en

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

  • AIA Foundation celebrates 100 outstanding local university students as the sixth cohort of AIA Scholarships awardees

    AIA Foundation celebrates 100 outstanding local university students as the sixth cohort of AIA Scholarships awardees

    Hong Kong foil fencer Ryan Choi and AIA senior management shared insights to inspire young people to give back to Hong Kong through action

    HONG KONG SAR – Media OutReach Newswire – 8 October 2026 – AIA Foundation awarded scholarships to 100 outstanding undergraduate students at the AIA Scholarships ceremony, marking the sixth cohort of AIA Scholars#. The ceremony also celebrated the graduation of the third cohort of AIA Scholars and highlighted the first-year progress of the “AIA Purpose in Action” initiative.

    Mr Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer and Co-chairman of the AIA Scholarships Committee (fifth from left); Mr Stuart A. Spencer, AIA Group Chief Marketing Officer and Co-chairman of the AIA Scholarships Committee (fourth from left); Mr Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau and Director of AIA Foundation (fourth from right); and Ms Melissa Wong, Chief Customer & Marketing Officer, AIA Hong Kong & Macau and Director of AIA Foundation (third from left), together with Hong Kong foil fencer Mr Ryan Choi (fifth from right), representatives from partners including Microsoft Hong Kong and Macau, HandsOn Hong Kong, AIA Vitality Hub, Shared Value Initiative Hong Kong, as well as Hong Kong film director and screenwriter Mr James L.J. Hung, celebrated the first-year achievements of the "AIA Purpose in Action" initiative.
    Mr Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer and Co-chairman of the AIA Scholarships Committee (fifth from left); Mr Stuart A. Spencer, AIA Group Chief Marketing Officer and Co-chairman of the AIA Scholarships Committee (fourth from left); Mr Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau and Director of AIA Foundation (fourth from right); and Ms Melissa Wong, Chief Customer & Marketing Officer, AIA Hong Kong & Macau and Director of AIA Foundation (third from left), together with Hong Kong foil fencer Mr Ryan Choi (fifth from right), representatives from partners including Microsoft Hong Kong and Macau, HandsOn Hong Kong, AIA Vitality Hub, Shared Value Initiative Hong Kong, as well as Hong Kong film director and screenwriter Mr James L.J. Hung, celebrated the first-year achievements of the “AIA Purpose in Action” initiative.

    In 2020, AIA committed US$100 million to establish the AIA Scholarships to support 100 undergraduate students each year from 10 universities in Hong Kong. Administered by AIA Foundation in collaboration with the participating universities, the AIA Scholarships provide each recipient with an annual scholarship of HK$50,000 throughout their undergraduate studies. Since its establishment, the AIA Scholarships have supported nearly 600 university students, with more than 230 having completed their undergraduate studies.

    Mr Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer and Co-chairman of the AIA Scholarships Committee (seventh from left); Mr Stuart A. Spencer, AIA Group Chief Marketing Officer and Co-chairman of the AIA Scholarships Committee (sixth from right); Mr Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau and Director of AIA Foundation (sixth from left), together with representatives of the 10 partner universities, congratulated the sixth cohort of scholarship recipients as they officially became AIA Scholars at the AIA Scholarships Ceremony.
    Mr Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer and Co-chairman of the AIA Scholarships Committee (seventh from left); Mr Stuart A. Spencer, AIA Group Chief Marketing Officer and Co-chairman of the AIA Scholarships Committee (sixth from right); Mr Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau and Director of AIA Foundation (sixth from left), together with representatives of the 10 partner universities, congratulated the sixth cohort of scholarship recipients as they officially became AIA Scholars at the AIA Scholarships Ceremony.

    In addition to academic achievement and financial need, a demonstrated commitment to community service is a key selection criterion for AIA Scholars. Since 2020, AIA Scholars have contributed more than 50,000 hours* of volunteer service through AIA Foundation’s initiatives and other community projects.

    Hong Kong foil fencer Ryan Choi, AIA senior management and AIA Scholars shared insights on inspiring change through action

    At the ceremony, Mr Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer, and Mr Stuart A. Spencer, AIA Group Chief Marketing Officer, who serve as Co-chairmen of the AIA Scholarships Committee, shared their belief that building a healthier, more resilient and sustainable future requires collective effort. They highlighted how the AIA Scholarships equip young people with opportunities to broaden their horizons, realise their potential and explore new possibilities, with the aim of inspiring them to contribute meaningfully to their communities and help shape a better future.

    Group photo of representatives from AIA Foundation, partner universities, partner organisations and AIA Scholars.
    Group photo of representatives from AIA Foundation, partner universities, partner organisations and AIA Scholars.

    Mr Ryan Choi, Hong Kong foil fencer, joined Mr Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau and Director of AIA Foundation, and the AIA Scholar representatives for a dialogue on resilience and overcoming challenges. Through sharing their personal journeys, they inspired young people to pursue their dreams with confidence, realise their potential, create value for society and work together to help more people live Healthier, Longer, Better Lives.

    Mr Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau and Director of AIA Foundation (first from left), and Hong Kong foil fencer Mr Ryan Choi (third from left), together with AIA Scholar representatives, shared how they are taking action to create change.
    Mr Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau and Director of AIA Foundation (first from left), and Hong Kong foil fencer Mr Ryan Choi (third from left), together with AIA Scholar representatives, shared how they are taking action to create change.

    Ms Zara Chui, an AIA Scholar representative who graduated in 2024 and is currently a PhD candidate in Medicine at The University of Hong Kong, said: “The AIA Scholarships eased the financial burden of my undergraduate studies, allowing me to dedicate my summer breaks fully to scientific research. Through activities organised by AIA Foundation, I also had the opportunity to meet outstanding students from diverse academic disciplines. These interactions inspired me to think about the practical applications of research from different perspectives. As fatty liver disease is increasingly common among Asians yet often difficult to detect at an early stage, I hope my research can contribute to the development of innovative screening solutions that enable earlier detection and treatment, harnessing the power of scientific research to safeguard public health.”

    Mr Louis So, an AIA Scholar representative and active participant in the “AIA Purpose in Action” initiative, shared: “The ‘AIA Purpose in Action’ initiative has provided valuable opportunities for learning and personal growth. Through its activities, I have connected with like-minded AIA Scholars and people from different communities. These experiences have broadened my horizons and inspired me to contribute more actively to society. For me, the AIA Scholarships are not just financial assistance, but also an important recognition that has given me the confidence and courage to pursue my aspirations. I aspire to become an educator, fostering a culture of reading and connecting communities through literature.”

    Mr Ryan Choi and AIA Scholars.
    Mr Ryan Choi and AIA Scholars.

    “AIA Purpose in Action” initiative in collaboration with cross-sector partners advances education, health and community development

    The ceremony also highlighted “AIA Purpose in Action” initiative (“Initiative”) that launched last year to broaden AIA Foundation’s impact beyond financial support. Through collaboration with partners and contributors, the Initiative features a series of curated experiences for AIA Scholars, supporting education, health and community development.

    Over the past year, AIA Scholars have participated in a diverse range of activities under the Initiative, including:

    Partner / Contributor Focus Area Activities
    Microsoft Hong Kong and Macau Education Artificial intelligence (“AI”) and future career sharing session
    AIA Human Resources Team Career planning and interview skills session
    Tottenham Hotspur Football Club^ Health “AIA Purpose in Action: Physical and Mental Wellness Morning”, a high-intensity interval training (HIIT) session
    AIA Vitality Hub^
    HandsOn Hong Kong^ Community Development Wheelchair Care & Support Volunteering Workshop
    AIA Hong Kong Community volunteering activities at AIA Community Day

    Building on this strong momentum, the Initiative will continue to broaden its range of experiences, with more contributors supportingnew activities designed to empower AIA Scholars making social impact and fostering their creativity:

    Upcoming Contributor Focus Area Background Information
    Shared Value Initiative Hong Kong Community Development A registered charity advancing education on creating shared value, enabling non-governmental organisations and companies to address societal needs through sustainable business models.
    Mr James L.J. Hung Education – Creativity Development Hong Kong film director and screenwriter who integrates AI technology into a two-dimensional (2D) hand-drawn production process to showcase the synergy of creativity and technology.

    The AIA Scholarships will continue to uphold their mission of empowering students to pursue higher education, broaden their perspectives, and reach their full potential, while nurturing socially responsible future leaders to help create a more sustainable society.

    Notes to Editor

    The AIA Scholarships are dedicated to supporting local students pursuing their undergraduate studies in one of the following universities (in alphabetical order) in Hong Kong:

    1. City University of Hong Kong
    2. Hong Kong Baptist University
    3. Hong Kong Shue Yan University
    4. Lingnan University
    5. The Chinese University of Hong Kong
    6. The Education University of Hong Kong
    7. The Hang Seng University of Hong Kong
    8. The Hong Kong Polytechnic University
    9. The Hong Kong University of Science and Technology
    10. The University of Hong Kong

    # “AIA Scholars” herein refers to the awardees of the AIA Scholarships.

    * The volunteer hours are based on the annual declarations submitted by AIA Scholars, and include participation in AIA Foundation’s initiatives and other self-initiated community service activities.

    ^ “HandsOn Hong Kong” herein refers to “Handson Hong Kong Limited”. “Tottenham Hotspur Football Club” herein refers to “Tottenham Hotspur Limited”. AIA Vitality Hub is operated by The Entertainment Corporation Limited (TECL).

    Hashtag: #AIA

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

    About AIA Foundation

    AIA Foundation was established in 1995 with its commitment on the advancement of education and health, the relief of poverty, sickness and disability, and the advancement of environmental protection and community development through diverse charitable activities to create shared value. AIA Foundation focuses on nurturing children and youth with its long-term commitment to cultivate a healthier and more productive future human capital. AIA Foundation strives on the advancement of health helping people live Healthier, Longer, Better Lives, and actively supports the less privileged aiming to contribute to the community at large.

    For more information about AIA Foundation and the AIA Scholarships, please visit our .

  • Malaysia Secures 20 Recognitions, Including Eight Category Wins, At ASEAN Energy Awards 2026

    Malaysia Secures 20 Recognitions, Including Eight Category Wins, At ASEAN Energy Awards 2026

    MANILA, PHILIPPINES – Media OutReach Newswire – 8 October 2026 – The Ministry of Energy Transition and Water Transformation (PETRA) extend its warmest congratulations to the Malaysian organisations that excelled at the ASEAN Energy Awards (AEA) 2026. Malaysia secured twenty (20) regional recognitions, comprising eight (8) Winners, seven (7) First Runners-Up and five (5) Second Runners-Up.

    This represents an improvement over Malaysia’s performance in 2025, when the country received 16 recognitions, including six category wins. The stronger performance in 2026 demonstrates the growing capabilities of Malaysian organisations in implementing energy efficiency and renewable energy solutions.

    The recognitions were conferred under the ASEAN Energy Efficiency and Conservation Best Practices Awards and the ASEAN Renewable Energy Project Awards. The Malaysian recipients were recognised for projects involving energy-efficient and green buildings, biogas, solar and micro-hydro, as well as emerging technologies such as green hydrogen, waste-to-energy and battery energy storage systems (BESS).

    Prior to stepping onto the regional stage at AEA 2026, these organisations were first recognised for their achievement at the national level through National Energy Awards.

    The National Energy Awards (NEA) serves as Malaysia’s platform for identifying and recognising organisations with the potential to compete at the ASEAN level. Selected NEA 2026 winners represented Malaysia at AEA 2026 and presented the country’s sustainable energy achievements and best practices to the region.

    PETRA regards this regional recognition as evidence of the ability of Malaysian industries, businesses and institutions to translate the country’s energy transition objectives into practical solutions. It also demonstrates the value of cooperation among the Government, industry and other relevant stakeholders in strengthening Malaysia’s energy ecosystem.

    The ASEAN Energy Awards 2026 were presented in Manila, the Philippines, in conjunction with the 44th ASEAN Ministers on Energy Meeting (AMEM) and the ASEAN Energy Business Forum (AEBF).

    Malaysia’s performance at AEA 2026 supports the objectives of the National Energy Policy 2022–2040 and the National Energy Transition Roadmap (NETR) to develop a secure, sustainable and inclusive energy system while enhancing the country’s long-term economic competitiveness.

    These objectives will also be advanced through the National Energy Efficiency Action Plan 2.0 (NEEAP 2.0) for 2026–2035. The plan targets cumulative energy savings of 815,000 terajoule (TJ) over its 10-year implementation period and is expected to generate approximately RM85 billion in energy savings, attract RM36 billion in private investment and create around 29,000 employment opportunities.

    Together with the Energy Efficiency and Conservation Act 2024, NETR and NEEAP 2.0 provide the policy and regulatory foundation to accelerate energy efficiency, encourage investment and innovation, and enhance Malaysia’s energy security and economic competitiveness.

    PETRA, together with the Sustainable Energy Development Authority (SEDA) Malaysia and other relevant stakeholders, will continue to work with industry to increase the adoption of energy-efficient practices, expand renewable energy deployment, and facilitate innovation and investment in support of Malaysia’s energy transition objectives.

    PETRA once again congratulates all Malaysian recipients for their achievements and for representing the country with distinction at AEA 2026. Their success reflects the progress of Malaysia’s energy sector and reinforces the country’s contribution to a secure, resilient and sustainable energy future for Malaysia and the wider ASEAN region.

    ASEAN Energy Awards Winner List 2026

    SUB-CATEGORY NAME OF PROJECT RANK
    ASEAN Energy Efficiency & Conservation Best Practices Awards
    GREEN BUILDING AWARDS Category
    1 Retrofitted Building Susten Sdn. Bhd. – Gurney Paragon & Hunza Tower 1st Runner Up
    2 IEN Consultants Sdn. Bhd. – Menara Great Eastern & Great Eastern Mall 2nd Runner Up
    3 Tropical Building Gamuda Land – Wetlands Arboretum Centre Winner
    4 New & Existing Building Edgenta Mediserve Sdn. Bhd. – Hospital Cyberjaya 1st Runner Up
    5 Small Green Building Conevo Green Consultancy Sdn. Bhd. – Hwa Hin Office 2nd Runner Up
    6 Large Green Building Edgenta Mediserve Sdn. Bhd. – Hospital Cyberjaya 1st Runner Up
    7 Pantai Bayu Indah Sdn. Bhd. – One Shell Square Miri 2nd Runner Up
    8 Green Residential TKCA Architects Sdn. Bhd. – The Spectrum House Winner
    9 BGreen Associates Sdn. Bhd. – 42 Danau Villa 1st Runner Up
    10 Zero Energy Building Conevo Green Consultancy Sdn. Bhd. – Hwa Hin Office 2nd Runner Up
    ASEAN Renewable Energy Project Awards
    11 Off-Grid Power TNB GSparx Sdn.Bhd. – Lighting Lives Beyond the Grid: Stand Alone Solar PV-Battery Electrification Empowering Indigenous Community Resilience 2nd Runner Up
    12 Off-Grid Thermal SD Guthrie Renewable Energy Sdn. Bhd. – SDG’s Pioneering Co-Firing Biogas Plant Utilising Palm Oil Mill Effluent from Lavang Oil Mill to Improve Boiler Efficiency, Deliver Sustainable Thermal Energy and Enhance Biomass Fuel Usage 1st Runner Up
    13 On-Grid Utility Scale Cenergi FJP – Malaysia’s Biggest POME-Based Biogas Plant Integrating Sustainable Practices with Engineering Impact Winner
    14 On-Grid Small Scale TONIBUNG – Walou Micro: Hydro Solar Hybrid Small Scale, Community Based Renewable Energy Project Winner
    15 On-Grid Self Consumption IOI Bio-Energy Sdn. Bhd. – Maximising Green Energy Generation 1st Runner Up
    16 Biofuel Johor Plantation Group Berhad – Palm to Pipeline: Biomethane – Empowering the Nation with Green Gas 1st Runner Up
    17 Special Submission – Waste to Energy Indah Water Konsortium Sdn. Bhd. – Waste to Energy Integration at Langat RSTP: Advancing Carbon Reduction through Anaerobic Digestion and Biogas Recovery Winner
    18 Special Submission – Green Hydrogen Sarawak Energy Berhad – PowerCube Solar Hydrogen System – Containerised Solar Hydrogen Project, Rumah Bangau, Song Winner
    19 Special Submission – RE Enabler Technology N.U.R. Power Sdn. Bhd. – Accelerating the Net-Zero Transition: Advancing Renewable Penetration in Industrial Parks Through Smart Battery Energy Storage System (BESS) Microgrid Integration at NUR Power’s West Substation in Kulim Hi-Tech Park Winner
    20 National Strategic Excellence GLT BP Power Sdn. Bhd. – GLT BP Power Centralised Biogas Hub – Malaysia’s First Integrated Multi-Mill POME-to Power Facility Winner

    Hashtag: #PETRA

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

  • Tune Protect Expands Embedded Travel Protection Offering with Airpaz Across Indonesia, Thailand and the Philippines

    Tune Protect Expands Embedded Travel Protection Offering with Airpaz Across Indonesia, Thailand and the Philippines

    Building on its Malaysia launch last year, the expanded partnership makes travel insurance more accessible by embedding protection into the flight booking journey across four markets.

    KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 October 2026 – Tune Protect Group Berhad (“Tune Protect” or “the Group”), through its reinsurance arm Tune Protect Re (“TPR”), has expanded its partnership with online booking platform Airpaz to offer embedded travel insurance solutions across Indonesia, Thailand and the Philippines, following the successful launch of the offering in Malaysia last year. The regional expansion makes travel protection more accessible to customers by seamlessly integrating insurance into their flight booking journey.

    (Left to Right) Janet Chin, Chief Executive Officer of Tune Protect Re and Wesley, Chief Partnership Officer of Airpaz
    (Left to Right) Janet Chin, Chief Executive Officer of Tune Protect Re and Wesley, Chief Partnership Officer of Airpaz

    The partnership forms part of Tune Protect’s regional growth strategy to expand its travel insurance footprint across key digital travel ecosystems in Asia, leveraging its travel expertise and regional partnerships to reach a broader customer base.

    Through the Airpaz platform, travellers can conveniently purchase travel insurance as part of their flight booking experience. The offering is now available across Malaysia, Indonesia, Thailand and the Philippines, four key Southeast Asian travel markets with strong digital adoption and growing demand for accessible travel protection.

    The offering is supported by Tune Protect Re, working with Tune Protect Malaysia as its insurance partner in Malaysia, alongside regional insurance partners Oona Insurance Indonesia in Indonesia, Krungthai Panich Insurance in Thailand, and Pioneer Insurance & Surety Corporation in the Philippines. Together, these partnerships bring regional expertise and travel insurance capabilities to deliver seamless protection solutions to travellers across these markets.

    As travellers increasingly seek convenient and digital-first solutions, embedded insurance continues to gain traction as a seamless way to access protection. The integration allows customers to obtain coverage instantly during the booking process, with digital policy issuance, easy access to policy information, and convenient claims support, delivering a seamless digital first experience for travellers.

    “Following its activation in Malaysia, the offering has expanded into Indonesia, Thailand and the Philippines, strengthening Tune Protect’s regional presence and supporting our growth strategy. These markets are important to us given their larger and growing traveller populations, strong digital adoption and increasing demand for travel protection. Through collaborations with trusted partners across the travel ecosystem, we remain focused on broadening access to travel protection and delivering solutions that meet the evolving needs of travellers across Southeast Asia,” said Janet Chin, Chief Executive Officer of Tune Protect Re.

    Janet added, “At Tune Protect Re, we believe travel protection should be a natural extension of the travel booking journey. By integrating insurance directly into the Airpaz platform, we are making it easier for travellers to access protection when planning their trips, helping them travel with greater confidence and peace of mind. We also see opportunities to further strengthen this collaboration in other markets across the region as we continue to support a more connected and protected travel experience.”

    “Through this partnership, we are enhancing the overall travel booking experience by offering customers an easier and more convenient way to access the travel protection directly on our platform,” said Wesley, Chief Partnership Officer of Airpaz. “As travellers increasingly seek integrated solutions that offer both convenience and peace of mind, this partnership allows us to deliver greater value throughout the travel booking journey.”

    Customers can purchase travel insurance directly during the flight booking process on the Airpaz website or mobile application. Policies are issued instantly, with coverage details readily available in digital format. The offering is complemented by customer service, digital self-options, and claims support channels designed to assist travellers throughout their journey.

    For more information on the travel insurance products available through this partnership, customers may visit Airpaz Malaysia at https://www.airpaz.com/ms, Indonesia at https://www.airpaz.com/id, Thailand at https://www.airpaz.com/th or the Philippines at https://www.airpaz.com/tl during the booking process or refer to www.tuneprotect.com for coverage details and policy information.

    Hashtag: #TuneProtect

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

  • Dhaya Maju Infrastructure (Asia) Sdn. Berhad: 30 Years of Building the Infrastructure That Connects Malaysia

    Dhaya Maju Infrastructure (Asia) Sdn. Berhad: 30 Years of Building the Infrastructure That Connects Malaysia

    KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 October 2026 – Dhaya Maju Infrastructure (Asia) Sdn. Berhad (DMIA), a Malaysian infrastructure engineering and mobility company, marks more than three decades of delivering complex infrastructure projects across the country.

    Dhaya Maju Infrastructure (Asia) Sdn. Berhad Group Executive Director, Datuk Seri (Dr.) Subramaniam Pillai representing the Company at the ACES Awards 2026, where DMIA was recognised as a winner for Industry Champions of the Year, celebrating corporate leadership, excellence and sustainable business practices.
    Dhaya Maju Infrastructure (Asia) Sdn. Berhad Group Executive Director, Datuk Seri (Dr.) Subramaniam Pillai representing the Company at the ACES Awards 2026, where DMIA was recognised as a winner for Industry Champions of the Year, celebrating corporate leadership, excellence and sustainable business practices.

    DMIA’s journey began in property and high-rise development, spanning projects for roughly 2,000 households, before evolving into a company focused on infrastructure engineering and mobility. Today, its portfolio spans railways, highways, transport systems, power infrastructure and sustainable energy.

    DMIA has contributed to several nationally significant projects. On the Pan Borneo Highway in Sarawak, its work has strengthened connectivity between interior regions and urban centres, boosting mobility and economic activity across East Malaysia. On the Klang Valley Double Track (KVDT) railway programme, DMIA delivered track, signalling and telecommunications works across approximately 256 track kilometres and 110 route kilometres, helping bring the line to Electric Train Service readiness as part of the wider Peninsular Malaysia rail network stretching roughly 1,000 kilometres from Thailand to Singapore.

    The company has also taken on more technically complex work, including – as part of a consortium – the upgrading of Malaysia’s first Aerotrain system at Kuala Lumpur International Airport (KLIA), demonstrating its ability to manage demanding projects with intricate interfaces and diverse stakeholders.

    Looking ahead, DMIA is expanding into green and sustainable energy, including large-scale solar and smart battery storage, reflecting its ambition to support both connectivity and Malaysia’s transition to a more sustainable future.

    “Infrastructure is about people,” said a DMIA spokesperson. “Roads connect communities, railways connect cities, airports connect nations, and energy connects economies. As we enter our next chapter, we remain committed to bringing together infrastructure, mobility, technology and sustainability to create lasting impact for Malaysians.”

    DMIA is ready for the future – connecting places, opportunities and people, and aspiring to be a champion in building the infrastructure of tomorrow.

    Hashtag: #DMIA

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

  • AIA Alta Announces Exclusive Collaboration with Chi Longevity in Hong Kong

    AIA Alta Announces Exclusive Collaboration with Chi Longevity in Hong Kong

    Collaboration combines AIA Alta’s integrated health and wealth proposition with longevity science to empower customers to live Healthier, Longer, Better Lives

    HONG KONG SAR – Media OutReach Newswire – 8 October 2026 – AIA Alta, AIA Hong Kong & Macau’s proposition for high‑net‑worth (HNW) customers, announced an exclusive collaboration^ in Hong Kong with Chi Longevity Singapore Pte. Ltd. (“Chi Longevity”). Chi Longevity operates a healthy longevity medicine clinic in Singapore and was co-founded by Professor Andrea B. Maier, a global pioneer and world-renowned authority on healthy longevity. The collaboration^ with Chi Longevity includes the upcoming launch of AIA Alta’s longevity centre later this year. Eligible customers will enjoy privileged access to longevity science solutions developed by Chi Longevity and supported by its evidence-based approach to healthy ageing and precision geromedicine.

    AIA Alta announces an exclusive collaboration with Chi Longevity in Hong Kong. Pictured: Mr Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau (second from left); Ms Alice Liang, Chief Proposition & Healthcare Officer of AIA Hong Kong & Macau (first from left); Professor Andrea B. Maier, Co-Founder of Chi Longevity (second from right); and Mr Craig McGee, Co-Founder of Chi Longevity (first from right).
    AIA Alta announces an exclusive collaboration with Chi Longevity in Hong Kong. Pictured: Mr Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau (second from left); Ms Alice Liang, Chief Proposition & Healthcare Officer of AIA Hong Kong & Macau (first from left); Professor Andrea B. Maier, Co-Founder of Chi Longevity (second from right); and Mr Craig McGee, Co-Founder of Chi Longevity (first from right).

    Findings from the AIA Alta High-Net-Worth Optimal Longevity Index# revealed a meaningful gap between understanding longevity and taking action, with respondents demonstrating relatively strong awareness of longevity-related challenges (74 points) but significantly lower preparedness (54 points). It underscores a growing need among affluent individuals and families for practical, personalised solutions that support healthy ageing and long-term wellbeing. In response, AIA Alta is introducing^ Chi Longevity’s expertise in precision geromedicine into its integrated ecosystem of health, wealth and lifestyle solutions, helping customers translate longevity aspirations into meaningful action and prepare for longer lives.

    Mr Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau, said: “Hong Kong is one of the world’s longest-living societies. As longer lives become the norm, the question is no longer simply how long we live, but how well we live. As a leading insurer in Hong Kong, we see longevity not as a challenge, but as an opportunity to help people prepare for longer lives. That responsibility goes beyond protection. It is about empowering customers to maintain their health and wellbeing so they can enjoy longer, healthier and more fulfilling lives.

    “This belief led us to collaborate with Chi Longevity^. By bringing evidence-based longevity science solutions to Hong Kong, we aim to help customers take a more proactive approach to their long-term health, empowering them to live Healthier, Longer, Better Lives.”

    Ms Alice Liang, Chief Proposition and Healthcare Officer of AIA Hong Kong & Macau, said: “Our AIA Alta High-Net-Worth Optimal Longevity Index revealed a clear gap between longevity awareness and preparedness. While many high-net-worth individuals recognise the opportunities that come with longer lives, far fewer feel equipped to act on them.

    “Through AIA Alta’s collaboration with Chi Longevity^, we are making longevity science more accessible and actionable for customers. As we prepare to launch AIA Alta’s longevity centre later this year, we look forward to bringing together longevity science expertise with our integrated ecosystem of health, wealth and lifestyle solutions, helping customers approach longer lives with greater confidence, purpose and peace of mind.”

    Co-founded by Professor Andrea B. Maier, Chi Longevity applies an evidence-based approach to healthy longevity and precision geromedicine. Professor Maier is also the Co-Founder and Director of the NUS Academy for Healthy Longevity, Oon Chiew Seng Professor in Medicine at the National University of Singapore, and Professor of Gerontology at Vrije Universiteit Amsterdam.

    Professor Andrea B. Maier, Co-Founder of Chi Longevity, said: “We are honoured to collaborate with AIA^, one of Asia’s leading insurers. We were drawn to AIA’s commitment to helping people prepare proactively for longer lives while empowering customers to take greater ownership of their long-term health and wellbeing.

    “This collaboration^ brings together complementary strengths with a shared purpose: helping people not only live longer, but live better. Together, we aim to make evidence-based healthy longevity medicine more accessible through Chi Longevity’s proprietary programmes, combining diagnostics with scientifically supported interventions that help individuals better understand how they are ageing, identify opportunities for action, and monitor their health over time.”

    Guided by its vision of supporting customers to achieve an optimal balance of health and wealth, AIA Alta has continued to advance its proposition through the launch of the inaugural AIA Alta High-Net-Worth Optimal Longevity Index, the establishment of the AIA Alta Prestige Wealth Centre, and the introduction of innovative health management solutions designed to support customers’ long-term wellbeing. Together with its exclusive collaboration^ with Chi Longevity, these initiatives underscore AIA Alta’s commitment to helping customers pursue Healthier, Longer, Better Lives through a holistic approach to longevity.

    Remarks:

    ^ The collaboration will be carried out by a wholly-owned subsidiary of AIA Group Limited.
    # The survey covers 328 qualified respondents across Hong Kong and Chinese Mainland who participated in the survey and in‑depth interviews. Detailed analysis focuses on 201 high-net-worth and ultra-high-net-worth respondents with investible assets above US$1 million. High‑net‑worth means an individual with investable wealth of US$1 million to US$30 million. Ultra-high-net worth means an individual with investable wealth of more than US$30 million. Respondents were analysed by tier, geography, generation and gender.

    Important Information:

    • All information above is for reference only and does not constitute any offer and/or insurance product recommendation. The product information in this material does not contain the full terms of the policy, for the details of the product features, terms and conditions, exclusions and key product risks, please refer to the product brochure and policy contract of relevant products or visit the AIA Hong Kong’s website. In case you want to read policy contract sample before making an application, you can obtain a copy from AIA. Life insurance policies are long-term contracts of insurance. Should you surrender the policy early, you may receive an amount considerably less than the total amount of premiums paid. You may choose to purchase the above Plan(s) as a standalone plan without purchasing other type(s) of insurance products at the same time.
    • All related findings in the AIA Alta High-Net-Worth Optimal Longevity Index do not represent AIA standpoint and do not mean any recommendation to apply for any insurance plan.

    Hashtag: #AIA #AIAAlta

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

    About AIA Hong Kong & Macau

    AIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have more than 19,000 financial planners1, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. We serve over 3.7 million customers2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, pension, personal lines insurance to investment-linked assurance schemes with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high-net-worth customers.

    1 As at 30 June 2026
    2 Including AIA Hong Kong and AIA Macau’s individual life, group insurance and pension customers (as at 30 June 2026)

  • Asia’s No. 1 business school uses AI to sharpen judgement in leaders

    Asia’s No. 1 business school uses AI to sharpen judgement in leaders

    SINGAPORE – Media OutReach Newswire – 8 October 2026 – As businesses across Indonesia and Southeast Asia accelerate their use of artificial intelligence (AI), NUS Business School is exploring a different question: as AI gets better at providing answers, how can leaders get better at asking questions?

    Dr. Emir Hrnjić, Senior Lecturer in Finance, NUS Business School (fifth from left), at a media engagement with Indonesian media in Singapore.
    Dr. Emir Hrnjić, Senior Lecturer in Finance, NUS Business School (fifth from left), at a media engagement with Indonesian media in Singapore.

    For more than a century, case-based learning has put students in the shoes of business leaders by giving information they need to analyse a problem, and then ask them how they would solve it.

    Now, artificial intelligence (AI) is changing what it means to solve a case. Since January 2026, NUS Business School has been piloting an AI-enabled approach in which students are given an AI-simulated problem where they must determine what information they need, decide whom to ask, evaluate the answers they receive and make a recommendation under uncertainty.

    The simulation is built on ScholAIstic, a generative AI platform developed by the NUS AI Centre for Educational Technologies (AICET) to support roleplaying and simulation-based learning.

    Dr Emir Hrnjić, a Senior Lecturer in Finance at NUS Business School, has been working with AICET to adapt and refine these capabilities for management education, developing executive personas around the business case.

    To date, the tool has now been used by close to 100 MBA and Executive MBA students across Singapore and Jakarta, many of whom are senior executives.

    Sharpening the human instinct behind good decisions

    In the pilot, students interview AI-simulated executives, including a Chief Executive Officer, Chief Financial Officer and Chief Product and Technology Officer, each offering a different perspective to the same business situation. Students must navigate these perspectives, assess the information they gather and reach their own conclusions.

    After each interview, students receive personalised feedback on on their questioning, allowing them to reflect and adapt their approach in subsequent interviews.

    Dr Hrnjić said: “Students must decide what they need to know, ask the right questions, challenge what they hear and exercise judgement without having the complete picture. The aim is not to replace that human instinct with AI, but to sharpen in by helping students become more discerning about what to ask and trust. That is much closer to how leaders make decisions in the real world.”

    Early findings suggest that effective use of AI is not about asking more questions but about asking the right ones. Analysis of interview transcripts showed found that stronger interviews had more targeted questions, follow-ups and adaptation as new information emerged, rather than simply working through a prepared list.

    The findings point to a broader role for generative AI in management education. Rather than using AI primarily to search for information or generate answers, the technology can recreate the real-world scenarios, sharpening executives’ judgement to better navigate uncertainty and competing perspectives they face in real organisations.

    NUS Business School sees potential for similar AI-simulated tools to be applied to other areas of business education where students need to question stakeholders, negotiate competing interests and make decisions under uncertainty. The ambition is to move beyond the largely static information environment of the traditional case towards a dynamic one where students actively acquire information, pursue emerging lines of inquiry, challenge assumptions and exercise judgement as the problem unfolds.

    The simulation is one part of NUS Business School’s broader approach to integrating AI into education. The school is exploring how AI can enhance, rather than replace, meaningful learning, thereby helping students develop the judgement, critical thinking and adaptability needed to navigate an increasingly AI-enabled workplace.

    This becomes increasingly important as AI takes on a greater role in business. Companies across Asia, including Indonesia, are rapidly adopting AI across their operations, making the ability to question and assess AI-generated information an increasingly important leadership skill. For Indonesia, the economic stakes are significant. A 2020 study by Kearney and EDBI projected that AI could contribute US$366 billion to the country’s GDP by 2030, equivalent to 12 per cent of projected GDP.Hashtag: #NUSBusinessSchool





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

    About National University of Singapore (NUS)

    The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 15 colleges, faculties and schools across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established around 15 NUS Overseas Colleges entrepreneurial hubs around the world.

    Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, research centres of excellence, corporate labs and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.

    For more information on NUS, please visit nus.edu.sg.

    About NUS Business School

    With 50,000 alumni and 60 global chapters, the National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian insights.

    The school has consistently ranked first in Asia by independent publications and agencies, such as The Financial Times and Quacquarelli Symonds, in recognition of the quality of its programmes, faculty research and graduates.

    The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards for business education.

    For more information about NUS Business School, please visit .

    To discover our MBA, MSc or Executive Education courses, visit , or

  • 1exchange and Ondo Finance Partner to Expand Access to Tokenized Equities

    1exchange and Ondo Finance Partner to Expand Access to Tokenized Equities

    1exchange and Ondo Finance explore opportunities around tokenized equities and regulated secondary market access for eligible investors in Asia.

    SINGAPORE – Media OutReach Newswire – 8 October 2026 – 1exchange, a regulated real-world asset (RWA) exchange for the listing and trading of tokenized securities, today announced a collaboration with Ondo Finance to explore the potential availability of Ondo Stocks on 1exchange’s regulated marketplace, providing eligible investors in Asia with an additional venue to access tokenized equities through a MAS-regulated platform. Specific assets and availability remain subject to due diligence, applicable listing requirements and other relevant conditions.
    Tokenized public equities have emerged as a growing category within the RWA market, giving investors on-chain access to traditional financial assets. As the market develops, the next phase is increasingly focused not only on issuance and primary distribution, but also on the infrastructure required for secondary trading, settlement and broader market participation.
    A regulated secondary market provides a venue for tokenized assets beyond their primary distribution channels. Through 1exchange, eligible investors can trade listed RWA security tokens through an automated order-matching system, with transactions settled within the platform.
    As part of its broader RWA strategy, 1exchange continues to engage with partners across the RWA ecosystem, including Ondo Finance, as it explores opportunities to expand its marketplace. Ondo Finance is a leading participant in the tokenized asset ecosystem, developing blockchain-based financial products that provide investors with access to tokenized real-world assets, including tokenized equities.
    1exchange is building a diverse ecosystem of tokenized RWA securities, working with a range of issuers and market leaders to broaden the opportunities available through its platform. Powered by CapBridge, a Capital Markets Services licence holder supporting primary distribution, 1exchange provides an integrated infrastructure spanning the end-to-end RWA lifecycle — from tokenization and issuance to primary distribution and regulated secondary market trading.
    “Tokenization has demonstrated how traditional assets can be represented on-chain. The next step is developing the market infrastructure that allows those assets to be accessed and traded beyond their primary distribution channels,” said Sheena Lim, CEO of 1exchange. “We are continuing to explore opportunities across the RWA ecosystem, including with partners such as Ondo Finance, as we continue to develop 1exchange as a regulated secondary market for tokenized securities.”

    Hashtag: #RWA #Tokenization #TokenizedSecurities #TokenizedEquities #DigitalAssets #CapitalMarkets #FinTech #RealWorldAssets



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

    About 1exchange

    1exchange, a member of FOMO Group, is a Recognised Market Operator (RMO) licensed by the Monetary Authority of Singapore (MAS). 1exchange provides regulated market infrastructure for listing and secondary trading of tokenized securities and private market opportunities, supporting issuers and eligible investors across the evolving real-world asset ecosystem.
    Visit www.1x.exchange for more information. For media inquiries, please contact media@1x.exchange.
    Disclaimer
    This announcement is made by 1exchange. References to Ondo Finance are for informational purposes only and do not imply endorsement, approval, partnership or participation by Ondo Finance.

    The information contained in this article is provided strictly for general informational purposes only. It does not constitute financial advice, investment advice, an offer to sell, or a solicitation of an offer to purchase or subscribe for any securities or financial products listed or traded on 1exchange. Investments involve risks, including the possible loss of principal.

    Past performance is not necessarily indicative of future performance. Readers should carefully consider their investment objectives, financial circumstances and risk tolerance, and conduct their own independent research. Where appropriate, readers are encouraged to seek advice from a qualified financial professional before making any investment decisions.

    This advertisement has not been reviewed by the Monetary Authority of Singapore.

  • Allianz: Companies Experience Sharp Increase in Business Interruption Losses

    Allianz: Companies Experience Sharp Increase in Business Interruption Losses

    • Average business interruption claim exceeds €850,000, around 70% higher than the average associated property damage claim.
    • Fire and explosion accounts for more than 40% of the total value of claims analyzed.
    • Non-natural catastrophe activity generates 74% of claims and 66% of total claim value, while natural catastrophe claims are becoming increasingly long-tailed.


    SINGAPORE – Media OutReach Newswire – 8 October 2026 – Companies are increasingly at risk from surging business interruption losses due to concentrated production, fragile supply chains, geopolitical tensions, inflation, and growing technology dependencies.According to a new analysis from Allianz Commercial, the average total value of a business interruption claim now exceeds €850,000. This is around 70% higher than the corresponding average property damage claim of close to €500,000, demonstrating that the financial consequences of being unable to operate can substantially exceed the cost of repairing the damage that caused the disruption. The report analyzes 7,888 business interruption insurance industry claims with a total value of approximately €6.74bn, or US$7.82bn, from January 1, 2021, to December 31, 2025. Although claims frequency has remained relatively stable, the average value of claims increased by over 30% annually during the past two years.

    “Business interruption and supply chain risk remains elevated and volatile. The operating environment is challenging with geopolitical tensions, trade fragmentation, cyber-related incidents, and growing dependency on technology such as artificial intelligence (AI). The scale of physical damage alone no longer determines the ultimate cost of a business interruption. Even a relatively contained incident can have consequences across production networks, customers and markets. Businesses therefore need to identify and better understand not only their own critical assets, but also those of the suppliers, technologies and infrastructure on which their operations depend,” says Thomas Lillelund, CEO of Allianz Commercial.

    Fire is the dominant cause of loss

    Fire and explosion is the costliest cause of business interruption claims, accounting for more than 40% of the total value analyzed, equivalent to approximately €2.9bn, or US$3.3bn. Fire was responsible for nine of the 10 costliest man-made business interruption events in the dataset and was the most expensive cause of loss in markets including Germany, Singapore, Hong Kong, the UK and the US. One case illustrates how losses can escalate beyond the original incident: a fire at a small manufacturing unit caused relatively limited physical damage but severely disrupted downstream operations, ultimately resulting in a nine-figure group-wide business interruption loss. Natural catastrophes are the second-costliest cause, representing 34% of the value of claims analyzed, and the most frequent, accounting for 26% of claims. Together, fire and explosion and natural catastrophe events generated more than 75% of total claim value.

    However, events that do not involve natural catastrophe activity remain the principal overall business interruption loss driver, accounting for 74% of claims and 66% of their total value.

    Recovery is taking longer and costing more

    Some natural catastrophe claims are developing over increasingly long periods. Two years after Hurricane Helene in September 2024, many associated business interruption claims remained unresolved, not due to coverage issues, but because affected companies had not yet fully recovered. Supply chain delays, labor shortages, and volatile material costs can extend both recovery and settlement.

    Concentrated production is also amplifying losses. Industries can depend on a limited number of specialist sites, suppliers or regions for critical materials and components, allowing a fire, cyber incident or extreme weather event at one location to cascade through global supply chains. The two costliest non-natural catastrophe events in the analysis involved fires at semiconductor factories.

    Underinsurance also remains a key risk as declared values can be inadequate due to factors such as inflation, highlighting the importance of regular review to ensure it reflects current operating conditions.

    “What we increasingly see in Asia is that the size of a business interruption loss is often determined less by the initial event and more by the speed at which an organization can recover. Whether the trigger is a fire, flood, equipment failure or disruption at a key supplier, businesses operating in highly interconnected supply chains can face prolonged operational and financial consequences.

    “Businesses should also regularly review their declared values and business interruption exposures to ensure they accurately reflect current revenues, costs and operating conditions. Inflation, supply chain disruption and longer recovery periods have increased the risk that declared values may no longer be adequate when a major loss occurs. The most resilient companies are those that understand their critical dependencies in advance and have practical recovery plans that can be activated immediately,” adds Charlotte Field, Regional Head of Short-tail Claims at Allianz Commercial Asia.

    Cyber disruption broadens the risk landscape

    While ransomware remains the leading cyber-related cause of disruption, a growing share of loss activity is also being driven by cloud outages, software failures and incidents at third-party technology providers. More than 48,000 outages were tracked across cloud and software services in 2025 alone, highlighting businesses’ rising dependence on digital supply chains. High-profile incidents, including attacks on software providers and logistics platforms, demonstrated how a single cyber event can disrupt thousands of organizations simultaneously. As companies become more reliant on cloud services, AI and third-party technology providers, cyber-related business interruption is becoming a more significant and complex source of loss.

    “In today’s interconnected economy, preventing business interruption is no longer just about protecting individual sites. While companies have made progress in understanding their supply chain exposures, prevention remains the most effective form of risk management. Investments in fire protection, natural catastrophe resilience, cyber preparedness and business continuity planning can make a meaningful difference to both the duration and severity of a business interruption loss. Even relatively modest investments can significantly reduce the impact of disruption when it occurs,” explains Alberto Barani, Business Interruption Group Leader, Risk Consulting at Allianz Commercial.

    Hashtag: #AllianzCommercial


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

    About Allianz Commercial

    Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, , and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and risk transfer solutions, outstanding and services as well as seamless handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around €17.3 billion in gross premium globally.