FEATURED NEWS
- October 23, 2026Business
2026 Chishui River Forum Held in Maotai Town, Guizhou
The 2026 Chishui River Forum was held in Maotai Town, Guizhou Province, from October 16 to 18. Jointly initiated by the Brand Work Office of Xinhua News Agency, China Economic Information Service (CEIS) and China Moutai, the forum was themed “Interweaving Harmony Advancing with the Times”. Hundreds of guests, including global liquor industry leaders, cultural figures and industry experts, gathered to discuss how to preserve the industry’s heritage and chart its future development. https://youtu.be/t9qbpAq2CG4 At the main forum, Ao Hong, director-general of the Department of Industry and Information Technology of Guizhou Province, said that Guizhou’s sauce-aroma baijiu possesses unique advantages that cannot be replicated elsewhere. Guizhou will pursue “three transformations” to guide the industry beyond cutthroat competition toward collaborative growth, bridge tradition and the future, modernize classic products and create more engaging consumer experiences. The province also aims to build a community of shared interests with liquor producers at home and abroad. Chen Hua, chairman of China Moutai Group, outlined three priorities: upholding the principle of coexistence with nature to jointly protect the foundations of production regions; recognizing the momentum of changing times to accelerate industrial transformation; and deepening openness and cooperation to usher in a new chapter for the liquor industry. During the forum, the China Brands Go Global initiative was launched alongside the Global Partnership for Sustainable Development of the Liquor Industry. A think tank for the regional brand “Chishui River Valley: China’s Sauce-Aroma Baijiu” was also inaugurated, and the World Famous Liquor Sustainable Development Index Report (2026) was released. The forum also featured activities including recitations of classical Chinese poetry and prose and a gathering of Mao Dun Literature Prize-winning writers at Moutai. Writers A Lai and Su Tong shared their reflections in presentations titled “Cultural Heritage in Every Cup” and “On Moutai, On Life,” respectively. A roundtable discussion explored “Value Restructuring and Order Rebuilding in the Global Liquor Industry in an Era of Structural Change,” examining emerging trends and new opportunities in the global liquor sector.
- October 23, 2026Business
CapitaLand Investment announces Board changes as it advances its next phase of growth
Mr Hsieh Fu Hua appointed Chairman with effect from 1 January 2027 Ms Png Chin Yee appointed Non-Executive Non-Independent Director from 1 January 2027 CapitaLand Investment Limited (CLI), a leading global real asset manager, today announced the appointment of Mr Hsieh Fu Hua as Independent Chairman and Non-Executive Independent Director, and Ms Png Chin Yee as Non-Executive Non-Independent Director with effect from 1 January 2027. The appointments follow the retirement of Mr Miguel Ko as Non-Executive Chairman and Non-Independent Director, and Mr Gabriel Lim Meng Liang as Non-Executive Non-Independent Director, upon completing their respective terms on 31 December 2026. Ms Png, President of Temasek Singapore, brings extensive leadership experience spanning investment management, finance, capital markets and corporate transformation. Mr Hsieh said: “It is my privilege to be appointed Chairman of CLI. On behalf of the Board, I thank Miguel and Gabriel for their significant contributions, and welcome Chin Yee, whose extensive experience will strengthen the Board. “As CLI enters its next phase, our CEO, Lee Chee Koon, has my full support. I look forward to working closely with him and the management team to address our strategic priorities and execute them with discipline.” Upon his retirement, Mr Ko would have served a distinguished 12-year tenure with the Group, from his appointment as CEO of Ascendas-Singbridge in 2014 to his current role as Chairman of CLI Board. Under his chairmanship, CLI evolved into a leading global real asset manager, expanding its institutional investor network and investment platform. Mr Lim will have served the Group for more than nine years, following his appointment to the then CapitaLand Limited Board in 2017. Mr Ko said: “It has been a privilege to serve as Chairman of CLI and contribute to its transformation and growth. Since its listing, CLI has built a differentiated, globally integrated real asset management platform anchored in Asia, underpinned by disciplined execution of its asset-light growth strategy. “I am grateful to my fellow Board members, Management and colleagues for their commitment and contributions. Fu Hua brings deep experience, wisdom and sound judgement to the role. I am confident that, under his stewardship and with the continued support of the Board and our talented leadership team, CLI will grow to greater heights." About CapitaLand Investment Limited (SGX: 9CI) CapitaLand Investment is a leading global real asset manager with a strong foothold in Asia. Headquartered and listed in Singapore, CLI connects institutional capital to real asset opportunities through its globally integrated fund management platforms. Operating in over 40 countries, CLI is focused on growing recurring fee earnings, recycling capital efficiently and delivering sustainable long-term value for shareholders through disciplined capital management and responsible investing. For more information, please visit: www.capitalandinvest.com . (Co. Regn.: 200308451M) Investor Relations Grace Chia Group Head, Investor Relations & Communications Tel: +65 6713 2880 Email: [email protected] Media Relations Joan Tan Executive Director, Communications, Group Investor Relations & Communications Tel: +65 6713 2861 Email: [email protected]
- October 23, 2026Business
Thai Union CFO Ratiporn Ratcharoen Receives Outstanding CFO Award from Investment Analysts Association
Thai Union Group, a global leader in seafood and nutrition, today announced that Chief Financial Officer Ratiporn Ratcharoen has received the Outstanding CFO Award in the Food & Beverage category at the IAA Awards for Listed Companies 2026. Organized by the Investment Analysts Association, the awards recognize executives and investor relations teams from Thailand-listed companies. Recipients are determined through nominations and scoring by leading investment analysts and fund managers. The evaluation criteria require nominees to demonstrate outstanding management capability and deep business knowledge while upholding strong business ethics and corporate governance standards. The evaluation also emphasizes effective engagement with analysts, including accurate, complete and insightful information, a realistic view of the business outlook, performance trends and risks, and prompt, accessible channels for sharing information with the analyst community. The award was presented at a ceremony at Eastin Grand Hotel Phayathai in Bangkok. The recognition reflects Thai Union's broader progress in financial discipline, strategic execution and transparent engagement with analysts, investors and the wider capital markets community, and the Company's focus on long-term value creation for shareholders. Ratiporn Ratcharoen, Chief Financial Officer of Thai Union Group , said: "I am honored to receive this recognition from the Investment Analysts Association, and I thank the investment community for its continued trust and confidence in Thai Union. This award reflects our teams' work on financial stewardship, disciplined capital allocation and transparent communication with investors, and our focus on executing our strategy to create long-term value. We will keep working with colleagues across the Group to deliver on that commitment."
- October 22, 2026Business
From the Global Debut of 5kWh HEV Technology to OMODA X: OMODA & JAECOO Drives Product Evolution Through User Insights
On October 20, Mr. Shawn Xu, CEO of OMODA & JAECOO International, shared the brand's latest global achievements at OMODA X Night, while unveiling its innovation roadmap across new energy technology, intelligent mobility, and next-generation products. From rapid expansion across global markets to continuous advances in technology and user experience, OMODA & JAECOO is entering a new phase of growth driven by deeper global localization and technological innovation. Entering the Global Mainstream: Strong Breakthroughs in Mature Markets and Accelerated Localization In just three and a half years, OMODA & JAECOO has surpassed 1.4 million units in cumulative global sales, establishing itself among the world's fastest-growing automotive brands. In 2026, the brand expects annual sales to exceed 800,000 units, up approximately 110% year-on-year, sustaining its strong growth momentum. More significant than the pace of growth is the brand's breakthrough performance in mature automotive markets. Just two and a half years after entering Europe, the region now accounts for 48% of OMODA & JAECOO's global sales. In the UK, OMODA & JAECOO ranked second in the overall automotive market for two consecutive months in August and September, while JAECOO 7 once again topped the country's best-selling car rankings in September. In France, less than six months after its market launch, monthly sales exceeded 3,000 units and cumulative sales surpassed 10,000 units. Both Spain and Italy recorded monthly sales exceeding 4,000 units. Beyond Europe, the brand has also achieved rapid breakthroughs. Monthly sales in Brazil exceeded 6,500 units. In Thailand, OMODA & JAECOO ranked among the top three automotive brands, while JAECOO 5 EV held the No. 1 position in battery electric vehicle sales for multiple consecutive months. In Pakistan, the brand entered the top four of the overall automotive market within just six months of launch. From market entry to market leadership, these achievements across multiple regions demonstrate OMODA & JAECOO's growing global competitiveness. This global expansion is supported by increasingly strong local operations. OMODA & JAECOO has now entered 79 markets worldwide, with more than 1,700 showrooms, and has received leading evaluations in dealer surveys in the UK, Spain, and Poland. Looking ahead, the brand plans to expand into 99 markets by 2027, including major automotive markets such as Japan, South Korea, and Canada, advancing from rapid expansion toward deeper localization. Staying Half a Step Ahead in Technology: From Efficiency to Scenario-Driven Innovation and User Experience Behind the brand's global growth is the continuous improvement of its new energy vehicle competitiveness. OMODA & JAECOO has established a diversified powertrain portfolio covering HEV, PHEV, and EV technologies, with new energy vehicles now accounting for 81% of total sales. Notably, just seven months after its launch, JAECOO 5 EV and JAECOO 5 SHS-H have reached the top of sales rankings in multiple markets, with monthly sales exceeding 20,000 units, demonstrating its strong global appeal. As the needs of young users continue to evolve, OMODA & JAECOO is taking automotive technology beyond efficiency-focused competition toward more comprehensive innovation in everyday experiences. At the event, the brand announced the upcoming global debut of its 5-kWh technology, which will first be introduced on OMODA 7. Powered by a larger 5-kWh battery, the new Super Quiet Mode delivers an EV-like level of refinement and quietness during starts, acceleration, and high-speed driving. The world's only HEV V2L external power supply capability provides 2.2 kW of onboard power, while the larger battery also supports intelligent modes for resting, vehicle security monitoring, refreshment, and scheduled activities. Together, these features enable a wider range of lifestyle scenarios, from relaxing inside the vehicle to making coffee on the go. The 5-kWh technology represents more than an increase in battery capacity; it marks an important evolution in HEV technology from efficiency-oriented engineering toward experience-driven innovation. Innovation also extends to the details of everyday driving. The newly unveiled Super Thermal Insulation Coating Technology will make its global debut on OMODA 4. Comparative tests under identical conditions showed that, the cabin temperature was 8-10°C lower than that of the competitor. Even when the competing vehicle used a sunshade, the temperature remained 5°C lower. The distinctive silver coating combines thermal insulation with futuristic aesthetics. From inside the vehicle, occupants can still enjoy a clear view of the sky, while the exterior roof presents a striking silver finish, bringing technological innovation into young users' expectations for both comfort and design. Intelligence Enters Everyday Life: From Functional Capabilities to Real-World Scenarios and Emotional Understanding In intelligent mobility, OMODA & JAECOO is accelerating the application of advanced technologies in real-world driving scenarios. To address everyday parking challenges, the brand has introduced SIVP (Super Intelligent Valet Parking), delivering the experience of “Come to You. Park for You.” In supported scenarios, the technology enables the vehicle to approach the user autonomously, search for available parking spaces, and park in complex environments. SIVP will be introduced on JAECOO 5 and JAECOO 7, with equipped models scheduled for delivery in Southeast Asian and Middle Eastern markets in the near future. Intelligent driving assistance technology is also making continuous progress. During the Paris Motor Show, a JAECOO 7 test vehicle completed an intelligent driving assistance test on public roads in Paris, navigating complex urban conditions, including the challenging roundabout at the Arc de Triomphe. The demonstration highlighted the brand's capability to validate advanced driving technologies in real-world traffic environments. Meanwhile, intelligent cockpit technology is evolving toward more natural human-vehicle interaction. Globally unveiled in Southeast Asia this July, SIAS (Super Intelligent AI Space) delivers experiences built around better understanding of user intentions, emotions, individuality, and trends, enabling vehicles to move beyond simply responding to commands toward truly understanding users. OMODA 4 models equipped with SIAS will also be progressively delivered to users worldwide. From Mecha Design to a New Product Portfolio: Exploring the Next Generation of Crossover Alongside technological advances, OMODA is exploring new directions for next-generation Crossover design. At OMODA X Night, the all-new OMODA X made its global debut. The brand also confirmed that Mecha design will become the core design language of the next-generation OMODA family.From the Cyber Mecha aesthetics of OMODA 4 to the sharper, bolder Mecha-inspired Crossover design of OMODA X, the brand is integrating futuristic technology, trend-driven culture, and young people's desire for individuality into its next generation of vehicles. “OWN MY EDGE” captures the distinctive attitude and personality of OMODA X. Over the next three years, OMODA & JAECOO plans to expand its product portfolio to 13 models, addressing a broader range of user groups and lifestyle scenarios while responding to evolving global demand through differentiated products. Surpassing 1.4 million global sales in just three and a half years is both a testament to OMODA & JAECOO's rapid development and a new starting point for its next phase of growth. From continued breakthroughs in global markets to comprehensive advances in new energy technology, intelligent mobility, and next-generation products, OMODA & JAECOO is building a stronger and more comprehensive foundation for global competitiveness. The next stage of growth will be driven not only by speed, but also by continuously evolving product capabilities, enhanced user experiences, and lasting recognition across global markets.
- October 22, 2026Apps & Software
From Intelligent Valet Parking to the Super Intelligent Cockpit: OMODA & JAECOO Super Intelligent Experience Lab Showcases Both IQ and EQ
Give a command, and your car drives to a designated pickup point. Faced with a narrow parking space, it can park itself. Step inside the cabin, share how you're feeling, and the intelligent system recommends music to match your mood. Just how smart can a car become? From October 19 to 21, the OMODA & JAECOO Super Intelligent Experience Lab took center stage during the International User Summit themed "DRIVE TO THE NEXT VIBE." Through a series of real-world challenges, global media representatives and guests experienced the ability of SIVP to take action and SIAS to understand user needs, discovering new possibilities as automotive intelligence evolves from IQ to EQ. COME TO YOU. PARK FOR YOU. SIVP Makes Complex Parking Effortless When a sudden downpour hits, there's no need to rush through the rain to find your car in the parking lot. Under the blazing sun, you can simply step out of the shopping mall and wait at a designated pickup point as your car drives toward you. And upon reaching your destination, there's no need to repeatedly maneuver into a narrow parking space. Come to You. Park for You. From pickup to parking, every step becomes easier and more effortless. At the OMODA & JAECOO Super Intelligent Experience Lab, JAECOO 5, JAECOO 7 and OMODA 7 took center stage in the SIVP (Super Intelligent Valet Parking) experience. Once participants issued a pickup command, the vehicles followed planned routes to designated locations. When faced with challenging scenarios such as dead-end roads and extremely narrow parking spaces, the vehicles autonomously planned their parking paths and adjusted their positioning. When encountering obstacles placed within the test area, the system used environmental perception and path planning to actively avoid them. From autonomous pickup to finding parking spaces and completing complex parking maneuvers, a series of real-world challenges gave global media and guests a firsthand look at the intelligent technologies of JAECOO 5, JAECOO 7 and OMODA 7. More impressive than the technical specifications themselves was the everyday convenience these features could bring. Whether being picked up on a rainy day, parking at a shopping mall or maneuvering into a tight space, intelligent technology is making mobility less complicated and more effortless. Many media representatives and guests took turns getting into the vehicles to experience the technology firsthand. As they watched the vehicles successfully park in extremely narrow spaces and skillfully navigate around obstacles, guests nodded in appreciation and exchanged impressions of the tests. Rather than focusing solely on figures in a specification sheet, they experienced the practical difference these intelligent driving features could make in everyday mobility. From IQ to EQ: SIAS Makes Intelligent Understanding Visible and Interactive Rushing out in the morning and need to adjust the air conditioning, activate seat ventilation, play music and navigate to your destination? Do you still need to tap through each setting individually? After a long day, when you want to unwind with some music, can the system understand a simple statement like "I'm feeling a little tired today"? At the SIAS (Super Intelligent AI Space) Super Intelligent Cockpit experience zone featuring OMODA 4, these everyday situations were transformed into four engaging interactive challenges, making intelligent understanding something visitors could see, experience and enjoy. In the "Understanding Commands" challenge, participants could trigger seven coordinated functions with a single voice command, including air conditioning, windows, music, navigation, seat ventilation and ambient lighting, eliminating the need to adjust each setting individually. The "Personalized Conversations" challenge allowed participants to give the intelligent assistant a personalized name and chat naturally about everyday life, interests and imaginative ideas, making interactions between people and vehicles feel more like conversations with a friend. When participants said, "I'm feeling a little tired today and want to relax," the system in the "Understanding Emotions" challenge could recommend music styles based on their expressed mood. In the "Creative Design" challenge, participants could enter a few keywords to generate personalized wallpapers, bringing their interests and preferences into the cockpit experience. From understanding complex commands to responding to emotions and reflecting personal preferences, SIAS brings intelligent interaction closer to the rhythms of everyday life. Beyond the technology challenges, the event also featured GAME VERSE, a playful interactive zone. After completing the SIVP and SIAS challenges and submitting a questionnaire, participants could collect game tokens to enjoy claw machines, capsule toy machines and other activities, with opportunities to redeem exclusive merchandise such as model-themed plush toys and refrigerator magnets. Here, cutting-edge technology and trendy entertainment came together in a relaxed and engaging way. The Next Step in Intelligence Goes Beyond Being Smart From autonomous pickup and complex parking maneuvers demonstrated by JAECOO 5, JAECOO 7 and OMODA 7, to OMODA 4's one-command control of multiple functions and mood-based music recommendations, the Super Intelligent Experience Lab brought intelligent technology into real-world driving scenarios.What truly makes intelligent technology valuable is not simply its ability to complete complex tasks, but how it makes everyday operations easier and interactions between people and vehicles more natural. A car that understands not only the road, but also the people inside it. OMODA & JAECOO is bringing greater ease, individuality and enjoyment to the future of mobility.
- October 22, 2026Business
MORE OMODA THAN EVER: OMODA X Makes Its Global Debut, Defying a Single Identity
On October 20, OMODA X made its global debut at OMODA X NIGHT. Positioned as the world’s first CROSS OFF-ROAD VEHICLE, it breaks through the boundaries of conventional vehicle categories. Combining the everyday practicality of an SUV, the adventurous spirit of an off-road vehicle and the dynamic character of a sports car, OMODA X expands the possibilities of crossover and offers a new automotive choice for a new generation. OMODA X was born from OMODA’s deep understanding of people with a youthful outlook on life. They have their own aesthetic tastes and ways of living. They enjoy the excitement of the city while embracing outdoor adventures and new experiences. They may have grown more mature, but their rebellious spirit and passion remain, as they continue to explore the world on their own terms. Created for those who refuse to be defined by a single identity, OMODA X likewise breaks through the boundaries of conventional vehicle categories. MORE OMODA THAN EVER, it takes the brand’s three core DNA elements—MECHA, CROSS and SMART—to new heights through bolder mecha aesthetics, greater crossover versatility and more personalized intelligent experiences. MORE MECHA THAN EVER: Mecha Aesthetics with an Edge of Their Own Drawing inspiration from futuristic mecha culture, OMODA X brings power, technology and a vision of the future into its design. An assertive wide-body stance, broad shoulders, a tightly sculpted waistline and a sporty silhouette create a sense of power ready to be unleashed. Geometric facets inspired by mecha aircraft and signature lightning taillights give the vehicle a distinctive visual identity. Sharper, bolder and more rebellious, OMODA X turns mecha aesthetics into a statement of individuality. The mecha DNA extends into the cabin. Guided by three design principles—WILD MECHA, GEOMETRIC and FUNCTIONAL—the MECHA Command Cockpit creates a strong sense of control through its twin-wing layout and X-shaped floating center console. An 8.8-inch digital instrument cluster and a 13.2-inch central touchscreen form the digital interface, while physical controls for frequently used functions such as air conditioning and driving modes bring together futuristic aesthetics and intuitive operation. MORE CROSS THAN EVER: Beyond Boundaries, Exploring Every Side of Life For OMODA X’s target users, life has more than one rhythm. They love the style and energy of the city as much as the freedom and adventure of the outdoors. During the week, they set their own pace. At the weekend, they can head for the mountains, the coast or a spontaneous journey. For OMODA X, CROSS means the freedom to move between different lifestyles. A ground clearance of 200 mm and a designed wading capability of over 700 mm support a wide range of outdoor adventures. A towing capacity of up to 1,800 kg, a roof load capacity of 75 kg and 39 storage spaces provide more room for equipment for pursuits such as cycling and surfing. ONE VEHICLE. INFINITE POSSIBILITIES. CROSS goes beyond vehicle categories to embrace freedom in how we live. Every passion deserves a world of its own. MORE SMART THAN EVER: Technology That Follows Your Rhythm, Individuality in Your Hands Technology that truly understands you should adapt to your habits and recognize your individuality. With SIAS (Super Intelligent AI Space), OMODA X explores more natural interaction between people and vehicles, enabling conversations without wake words or complex commands for a better understanding of users. The exclusive X-MODE personalized driving mode adjusts vehicle settings and performance responses to the driver’s preferences, allowing everyone to find their own driving style. An infrared thermal imaging night vision system helps identify potential hazards up to 90 meters away, providing additional environmental awareness for nighttime driving. Intelligence extends beyond driving. OMODA X Open Mic uses four independent sound pickup zones to enable in-car karaoke without handheld microphones. Meanwhile, magnetic NFC MECHA Pets add playful interactions to every journey. From driving modes and intelligent interaction to music, entertainment and self-expression, OMODA X makes technology more than a set of impersonal functions. It creates a new space that understands individual preferences, unlocks creativity and opens up new possibilities in life. Your rhythm of life is always yours to define. MORE EDGY THAN EVER: Defying Sameness, Co-Creating Individuality with Global Users WE DON'T PLAY IT BORED. This is the attitude of OMODA X, and a spirit shared by its users around the world. At the global debut, four users from Indonesia, Brazil, South Africa and Poland presented four distinct interpretations of OMODA X, drawing on their cultural backgrounds, interests and individual creativity. Different aesthetic tastes and lifestyles give the same vehicle endless possibilities for expression. This is the essence of the OMODA X Co-Creation Project: moving from a brand that gives its products a personality to global users shaping the brand’s culture together. OMODA X is designed for individuality and empowers everyone to create their own. From unconventional mecha aesthetics and the freedom to move between lifestyles to intelligent technology that understands personal preferences, OMODA X responds to a new generation’s pursuit of freedom, adventure and self-expression through a new vehicle concept. Maturity does not have to dull your edge. There is more than one way to live. OWN MY EDGE. My edge. My own way. MORE OMODA THAN EVER. I’m X. About OMODA & JAECOO As a youthful, personalized global brand, OMODA & JAECOO lives by the vision of “Co-creating a Beautiful Life with Young People.” OMODA is dedicated to embracing pioneering global consumers, striving to build “the World's Leading Crossover Brand.” It delivers fashion-forward vehicles with cutting-edge design and futuristic technology to Gen Z, redefining trendy travel culture with a crossover attitude. JAECOO adheres to the philosophy of “From Classic, Beyond Classic,” and is committed to becoming a “Global Elegant Off-Road Brand.” With exceptional four-wheel drive performance, forward-thinking intelligent technologies, and outstanding safety features, it leads a new era of elegant off-road driving. Born Green, OMODA & JAECOO leverages the world-leading SHS super hybrid technology (covering both PHEV and HEV) to offer the best hybrid solution for global users, driven by the core advantages of “Super High Power, Super Low Energy Consumption, and Super Long Combined Range.” At the same time, the brand is accelerating its BEV technology deployment, responding to diverse mobility needs with stronger and more comprehensive technological capabilities. In terms of intelligence, the brand focuses on intelligent driving and intelligent cockpit. Powered by SIVP (Super Intelligent Valet Parking) and AI cockpit technologies as key enablers, it builds a full-scenario smart mobility experience and continues to lead the future of mobility. In addition, in collaboration with AiMOGA, the brand has developed robots that extend smart technology into diverse interactive scenarios, broadening the landscape of smart living. Driven by deep insights into user needs, the brand hit one million in sales in just three years, setting the fastest growth record in the global automotive industry. To date, it has expanded into 79 markets worldwide, covering Europe, Asia, Australia, Africa, Latin America, and the Middle East. Europe stands out as a particularly strong market – the brand has already entered 23 European countries and become one of the fastest-growing car brands.
- October 22, 2026Automotive
Where a New Model, Culture and Global Owners Meet: OMODA X Night Stages a Crossover Spectacle
How many ways can an automotive brand night unfold? A bold new model. A celebration of trends across cultures and communities. And a moment in the spotlight for users from around the world. On October 20, OMODA X Night, a key event of the OMODA & JAECOO International User Summit, took the stage. From the global debut of OMODA X to a vibrant mix of Miss World representatives, insights into youth culture and contemporary music, and finally a chorus of global owners singing the brand theme song, the evening brought cars, fashion, culture and real life together. It offered a vivid expression of OMODA & JAECOO as a youthful, diverse and dynamic global brand. From Global Growth to Cultural Connection: OMODA & JAECOO Resonates with a New Generation In just three and a half years, OMODA & JAECOO has surpassed 1.4 million vehicles in cumulative global sales, doubling its sales year after year for three consecutive years. In September 2026, global sales reached 73,421 vehicles, up 123% year-on-year. Yet beyond the pace of growth, what stands out is the brand’s rising presence in established automotive markets. Europe now accounts for nearly half of its global sales. In September, OMODA & JAECOO ranked No. 2 in the overall UK automotive market, while JAECOO 7 once again became the UK's best-selling car. From rapid global expansion to becoming a mainstream choice for local consumers, OMODA & JAECOO is demonstrating a new level of global competitiveness. Behind these figures is the brand’s continued focus on the lifestyles of young people worldwide. Through self-expression, shared interests and emotional fulfilment, a new generation is redefining life on its own terms and reshaping what it expects from a car. That connection with youth culture came to life at OMODA X Night. Kantar, the globally renowned data, insights and consulting company, shared its latest observations on youth culture, exploring the interests and attitudes of a new generation. Miss World representatives from different countries took to the stage, bringing international fashion and diverse cultures together. From insights into young people to a live celebration of their culture, OMODA & JAECOO’s connection with global youth continues to energise the brand’s growth. A Bold New Model: OMODA X Reimagines the Evolution of Crossover Design If crossover design is part of OMODA’s DNA, the arrival of OMODA X marks a bolder evolution of that identity. The all-new OMODA X made its global debut at OMODA X Night. Carrying forward the brand’s CROSSVOLUTION philosophy, OMODA X blends CYBER MECHA with geometric aesthetics, infusing its sporty crossover styling with a distinctly untamed character and opening up new possibilities for OMODA’s crossover design. MORE OMODA THAN EVER. The bold character of OMODA X also resonates with people who have a distinctive outlook on life: those who understand its rules yet hold on to their individuality, who enjoy the sophistication of urban living while seeking a wilder side of life. Three owners brought that individuality to life on stage through their car customisation stories. From personal aesthetics and interests to creative ideas and hands-on work, each approach to customisation reflected a different attitude to life. When a car becomes an extension of its owner’s personality, the possibilities of crossover reach beyond the vehicle itself. Co-Created by Global Users: A Night in the Spotlight for Everyone Who Loves Life While the global debut of OMODA X offered a fresh vision of the car of the future, the evening’s final moment in the spotlight belonged to users from around the world. As the brand theme song made its world premiere, OMODA & JAECOO owners from across the globe took to the stage together. Different languages, cultures and life stories came together in a single melody. From sharing their customisation stories to singing the brand theme song together, global users brought their passion and creativity to the celebration, creating memories uniquely their own. Under the spotlight, these real faces and stories brought the emotional connection between cars and everyday life into sharper focus. A bold new model, a celebration spanning different communities, and an expression of the brand created together by its global users. OMODA X Night forged more connections between cars and the diverse lives of young people, bringing the crossover spirit of CROSSVOLUTION into a wider range of everyday experiences. The curtain has fallen on the October 20 show, but the story of OMODA X has only just begun. There is always more than one way to make it extraordinary. About OMODA & JAECOO As a youthful, personalized global brand, OMODA & JAECOO lives by the vision of “Co-creating a Beautiful Life with Young People.” OMODA is dedicated to embracing pioneering global consumers, striving to build “the World's Leading Crossover Brand.” It delivers fashion-forward vehicles with cutting-edge design and futuristic technology to Gen Z, redefining trendy travel culture with a crossover attitude. JAECOO adheres to the philosophy of “From Classic, Beyond Classic,” and is committed to becoming a “Global Elegant Off-Road Brand.” With exceptional four-wheel drive performance, forward-thinking intelligent technologies, and outstanding safety features, it leads a new era of elegant off-road driving. Born Green, OMODA & JAECOO leverages the world-leading SHS super hybrid technology (covering both PHEV and HEV) to offer the best hybrid solution for global users, driven by the core advantages of “Super High Power, Super Low Energy Consumption, and Super Long Combined Range.” At the same time, the brand is accelerating its BEV technology deployment, responding to diverse mobility needs with stronger and more comprehensive technological capabilities. In terms of intelligence, the brand focuses on intelligent driving and intelligent cockpit. Powered by SIVP (Super Intelligent Valet Parking) and AI cockpit technologies as key enablers, it builds a full-scenario smart mobility experience and continues to lead the future of mobility. In addition, in collaboration with AiMOGA, the brand has developed robots that extend smart technology into diverse interactive scenarios, broadening the landscape of smart living. Driven by deep insights into user needs, the brand hit one million in sales in just three years, setting the fastest growth record in the global automotive industry. To date, it has expanded into 79 markets worldwide, covering Europe, Asia, Australia, Africa, Latin America, and the Middle East. Europe stands out as a particularly strong market – the brand has already entered 23 European countries and become one of the fastest-growing car brands.
- October 22, 2026Finance & Loan
Global Times: Financial Street Forum highlights openness, win-win cooperation to advance high-quality BRI development
According to the Global Times, Chinese and foreign government officials and industry representatives highlighted the importance of openness, win-win cooperation and financial innovation in advancing high-quality Belt and Road Initiative (BRI) development at a parallel forum of the Annual Conference of Financial Street Forum 2026 in Beijing on Wednesday, calling for stronger international cooperation to expand investment and financing opportunities. Under the theme "Upholding Openness and Win-Win Cooperation to Foster New Dynamism for High Quality Belt and Road Cooperation," the forum, co-organized by the Export-Import Bank of China (CEXIM), brought together representatives from China and BRI partner countries to discuss infrastructure connectivity, sustainable financing and new opportunities for economic cooperation. As a major financial institution supporting the BRI, CEXIM has extended more than 7 trillion yuan ($1.04 trillion) in loans to support the initiative over the past decade, with operations covering more than 130 partner countries, Chen Huaiyu, chairperson of the bank, said at the forum. Chen said that the bank has continued to promote financial innovation and cooperation, including establishing a 30-billion-yuan special financing quota for China-Europe freight trains and creating the market's first basket of panda bonds involving BRI partner countries. The bank has also explored diversified cooperation models with institutions including the New Development Bank and the World Bank to amplify the impact of financing, he said. The growing economic ties between China and BRI partner countries have also been reflected in Beijing's expanding trade with these markets. Vice Mayor of Beijing Tang Wenhong said that the Beijing has actively explored international markets under the initiative and launched its first freight train service to Central Asia. In 2025, Beijing's total trade reached 3.19 trillion yuan, of which trade with BRI partner countries accounted for 1.93 trillion yuan, or 60.4 percent of the total, according to Tang. While Chinese officials highlighted progress in financial support and trade connectivity, representatives from African countries emphasized the need for more diversified and sustainable financing to translate infrastructure investment into long-term economic development. Kenya's Cabinet Secretary for the National Treasury and Economic Planning John Mbadi Ng'ongo said in remarks delivered from a satellite venue that the BRI has emerged as an important framework for strengthening connectivity, facilitating trade and investment, and expanding access to development finance. For Kenya, infrastructure remains a key pillar of its national development agenda, with investment needed in the transport, energy, water, information and communication technology, and other critical sectors. Achieving these objectives requires strong partnerships and access to adequate, affordable and sustainable financing, Mbadi said. He welcomed growing collaboration among African countries, China, multilateral development institutions and the private sector in mobilizing resources for major development projects, noting that such partnerships also provide opportunities for knowledge sharing, technology transfer, capacity building and deeper economic integration. Echoing the call for stronger financial cooperation, Lesotho's Minister of Finance and Development Planning Retselisitsoe Matlanyane highlighted China's experience in gradually opening its financial system while strengthening domestic institutions, saying that it offers lessons for African countries seeking to expand financial inclusion and access to capital. On cooperation under the BRI, she said that the initiative has provided an important platform for strengthening connectivity, expanding economic cooperation and developing trade corridors. Such cooperation should be aligned with national development priorities and deliver tangible benefits to local communities, she added. At Wednesday's forum, CEXIM signed cooperation agreements with international financial institutions and enterprises, covering financial cooperation, industrial development and overseas investment. The growing emphasis on financial cooperation under the BRI reflects a shift toward more diversified and sustainable financing models, particularly as partner countries seek to address infrastructure gaps and support long-term economic growth, Hu Qimu, professor at the Maritime Silk Road Institute of Huaqiao University, told the Global Times on Wednesday. The expert said that closer cooperation among Chinese financial institutions, multilateral development banks and local partners could help mobilize more capital, share investment risks and improve the efficiency of project financing. Such cooperation could also help translate infrastructure connectivity into tangible economic benefits by facilitating trade, attracting investment and creating local jobs, the expert noted. The article first appeared in the Global Times: https://www.globaltimes.cn/page/202610/1372743.shtml
- October 22, 2026Land & Property
Ellington Properties and Al Hamra Group unveil their largest commercial project to date in Business Bay, valued at AED 2.8 billion
Berkeley Tower represents Ellington Properties’ most significant commercial development to date, rising above 60 floors and bringing together distinctive architecture, workplace wellbeing and future-facing technology with Grade A office spaces in the heart of Business Bay. Five floors dedicated to amenities across the ground floor, mezzanine and three additional levels will extend the workplace beyond the office through business, wellness and lifestyle spaces. Robotic parking will be a defining feature of the development, alongside double-decker lifts. Ellington Properties, Dubai’s leading design-led real estate developer, has unveiled Berkeley Tower, a commercial tower in Business Bay valued at AED 2.8 billion and its largest and tallest commercial project to date, marking a significant milestone in the expansion of the company’s commercial portfolio. Rising above 60 floors, Berkeley Tower represents Ellington’s most ambitious commercial undertaking to date. The Grade A development brings together office spaces, an extensive workplace and lifestyle offering, and technology designed to respond to the evolving expectations of businesses and their people. Defining features include robotic parking, double-decker lifts with a destination-controlled system, bringing a future-facing dimension to how people, goods and services move through the development. Complementing this, Berkeley Tower dedicates five floors to amenities, bringing together business lounges and meeting rooms, fitness and wellness spaces, outdoor terraces, event and social spaces, a clubhouse and interactive gaming areas. Positioned in Business Bay, the development offers direct connectivity to Downtown Dubai, DIFC and Dubai’s major transport networks, placing businesses at the heart of one of the city’s most established commercial districts. Joseph Thomas, Co-Founder of Ellington Properties, said: “Berkeley Tower is a statement of our ambition for Ellington’s commercial portfolio. We believe the workplace has to evolve alongside the businesses and people it serves, and that means looking beyond the office itself to the entire experience around it. With Berkeley Tower, we are doing that at a scale we have never undertaken before in the commercial sector. Berkeley Tower represents an important step forward for Ellington and establishes the direction we want to take as we continue to grow our presence in this sector.” Benoy J. Kurien, Group CEO of Al Hamra, added: “Dubai continues to strengthen its position as a global business hub, driving sustained demand for high-quality commercial developments in well-connected locations. This partnership brings together the complementary strengths of Al Hamra and Ellington Properties to deliver a project that contributes to Business Bay’s continued growth, while creating lasting value for the community, businesses and investors alike.” For Ellington, Berkeley Tower represents a defining step in the evolution of its commercial portfolio. As its largest and tallest commercial development to date, it takes the company’s ambitions in the sector to a new scale and establishes Berkeley Tower as a flagship expression of the vision behind commercial offices by Ellington . About Ellington Properties Ellington Properties is Dubai’s leading design-led real estate developer, dedicated to crafting beautiful properties and communities for high-quality lifestyles. Renowned for its customer-centric approach, Ellington Properties develops residences characterised by incredible artistry and impeccable architecture. The company’s diverse portfolio includes award-winning projects across Dubai and Ras Al Khaimah, such as Ocean House in Palm Jumeirah, Ellington House in Dubai Hills Estate, and One River Point in Business Bay. Ellington Properties combines thoughtful design, art and lifestyle curation to create sanctuaries of personalised experiences. For more information, visit www.ellingtonproperties.ae . About Al Hamra Al Hamra Group is a leading real estate development and investment company based in Ras Al Khaimah, UAE. With a diverse portfolio spanning residential, retail, hospitality and leisure, the company is committed to creating integrated communities and delivering transformative lifestyle destinations. For more information, visit www.alhamra.ae.
- October 22, 2026Top Stories
The Cathay Group releases traffic figures for September 2026
The Cathay Group today released its traffic figures for September 2026. Cathay Chief Customer and Commercial Officer Lavinia Lau said: “September is traditionally a quieter month for travel following the summer peak. Nevertheless, we continued to see year-on-year growth in passengers as well as cargo carried as a Group, although jet fuel prices remain at elevated levels. Cathay Pacific and HK Express together carried approximately three million passengers in September, marking a 9% increase compared with the same period last year. Meanwhile, driven by resilient cargo demand, Cathay Cargo carried over 150,000 tonnes of cargo, up 14% year on year. “We celebrated Cathay’s 80th anniversary on 24 September with two special dance performances involving members of our cabin crew, sharing this memorable moment with the people of Hong Kong and visitors from around the world. During the month, we also received two important industry accolades, with Cathay Pacific named among the Top 3 World’s Best Airlines by Skytrax and Cathay Cargo named ATW’s Cargo Operator of the Year. These recognitions reinforce our vision of becoming our customers’ most loved service brand, and our determination to strengthen Hong Kong’s international aviation hub status.” Cathay Pacific Cathay Pacific carried 12% more passengers in September 2026 compared with September 2025, while Available Seat Kilometres (ASKs) increased by 9%. In the first nine months of 2026, the number of passengers carried increased by 14% compared with the same period for 2025. Lavinia said: “September saw strong outbound student traffic from Hong Kong and the Chinese Mainland to long-haul markets ahead of the new school year, with our flights to the United Kingdom achieving particularly high load factors. This was followed by robust leisure travel demand from the Chinese Mainland to Hong Kong as well as various short-haul destinations towards the end of the month during the Mid-Autumn Festival and in the lead up to the National Day ‘Golden Week’ holiday period. Meanwhile, demand for our premium cabins extended into September, reflecting sustained momentum in both business and premium leisure travel. Looking ahead, we expect demand to remain healthy in the fourth quarter.” Cathay Cargo Cathay Cargo carried 14% more cargo in September 2026 than in September 2025, while Available Freight Tonne Kilometres (AFTKs) increased by 5%. In the first nine months of 2026, the total tonnage increased by 9% compared with the same period for 2025. Lavinia said: “We continued to see year-on-year tonnage growth in September, with demand remaining resilient from the Chinese Mainland and Southeast Asia. In terms of our specialist solutions, Cathay Priority maintained its momentum, boosted by time-critical shipments from Southeast Asia, while continued semiconductor flows underpinned strong demand for our Cathay Expert solution. Looking ahead, we expect demand to strengthen further as we approach the traditional year-end air cargo peak season, supported by a positive market outlook for the fourth quarter.” HK Express HK Express carried more than 520,000 passengers in September 2026, a decrease of 1% year on year, while Available Seat Kilometers (ASKs) increased by 10%. In the first nine months of 2026, the number of passengers carried increased by 8% compared with the same period for 2025. Lavinia said: “Demand for HK Express softened in September following the summer travel peak. That being said, our Philippines routes performed well with high load factors, while our Chinese Mainland routes continued to record year-on-year passenger growth with an encouraging outlook. We will be launching a new four-times-weekly service to Hefei from 3 December, further expanding our Chinese Mainland network.” The Cathay Group’s full September 2026 figures and glossary are on the following pages. Glossary Available Seat Kilometres (“ASK”) Passenger seat capacity, measured in seats available for the carriage of passengers on each sector multiplied by the sector distance. Available Freight Tonne Kilometres (“AFTK”) Cargo capacity measured in tonnes available for the carriage of freight on each sector multiplied by the sector distance. Revenue Passenger Kilometres (“RPK”) Number of passengers carried on each sector multiplied by the sector distance. Revenue Freight Tonne Kilometres (“RFTK”) Amount of cargo, measured in tonnes, carried on each sector multiplied by the sector distance. Passenger load factor = Revenue Passenger Kilometres / Available Seat Kilometres Cargo load factor = Revenue Freight Tonne Kilometres / Available Freight Tonne Kilometres
- October 22, 2026Business
CapitaLand Malaysia Trust posts higher 3Q 2026 distributable income of RM46.3 million
Growth driven by income contribution from industrial and logistics properties and proactive asset management Summary of CLMT’s results 3Q 2026 3Q 2025 Change (%) YTD 2026 YTD 2025 Change (%) Gross revenue (RM’000)126,541116,0369.1376,978352,1447.1Net property income (RM’000)79,40269,10114.9237,180207,93914.1Distributable income (RM’000)46,33435,05132.2135,509106,91826.7Distribution per unit (sen)1.351.1121.64.003.5712.0 CapitaLand Malaysia Trust (CLMT) reported a distributable income of RM46.3 million for the quarter from 1 July 2026 to 30 September 2026 (3Q 2026), an increase of 32.2% year-on-year (y-o-y) compared to RM35.1 million a year ago. Correspondingly, distribution per unit (DPU) grew 21.6% y-o-y to 1.35 sen. Net property income (NPI) for 3Q 2026 rose 14.9% y-o-y to RM79.4 million, mainly driven by contributions from the industrial and logistics properties acquired in 20251 as well as higher contributions from most of CLMT’s existing properties. Ms Yong Su-Lin, CEO of CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CLMT, said: “Against a challenging macroeconomic backdrop, CLMT continued to deliver stable performance in 3Q 2026, underpinned by healthy demand across our diversified portfolio. Our retail portfolio achieved positive rental reversions of 11.3%, while committed occupancy remained healthy.” “At the same time, our expansion into industrial and logistics has enhanced the diversification and resilience of our portfolio. The properties acquired in 2025 are contributing to our performance and have expanded our presence in key industrial and logistics hubs, including Penang and Johor.” “With a strong balance sheet, we remain well positioned to pursue accretive growth opportunities while continuing to optimise our existing portfolio. We will remain disciplined in our approach so as to deliver sustainable returns to our unitholders,” added Ms Yong. Proactive portfolio management As at 30 September 2026, CLMT’s retail occupancy remained stable at 93.1%. Including its logistics and industrial properties, the overall portfolio occupancy stood at 94.3%. CLMT’s retail portfolio achieved positive rental reversion of 11.3% for YTD 2026. Shopper traffic improved by 7.0% y-o-y, while tenant sales per square foot grew 0.6% y-o-y. Prudent capital management As at 30 September 2026, CLMT maintained a well-spread debt maturity profile with an average term to maturity of 5.5 years. Its year-to-date average cost of debt and gearing ratio were 4.17% and 38.3% respectively. 75% of its total borrowings are on fixed interest rates to mitigate exposure to interest rate movements. Sustainability initiatives CLMT continues to make progress on its environmental, social and governance (ESG) commitments. In the 2026 GRESB Real Estate Assessment, CLMT retained its 4-star rating and received an ‘A’ rating for Public Disclosure, reflecting its strong transparency and ESG reporting standards. Reflecting its commitment to sustainability, CLMT has achieved 100% green building certification for its five operationally controlled retail assets ahead of its 2030 Sustainability Master Plan target. CLMT also remained as a constituent of the 2026 FTSE4Good Bursa Malaysia Index and was recognised as the best performing company in the Real Estate Investment Trusts sector at The Edge Malaysia ESG Awards 2026. Notes: CLMT completed the acquisition for Synergy Logistics Hub in Selangor as well as Senai Airport City Facilities and Iskandar Puteri Facilities in Johor in 2025. ### About CapitaLand Malaysia Trust ( www.clmt.com.my ) CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010. CLMT’s investment objective is to invest, on a long-term basis, in a geographically diversified portfolio of income-producing real estate assets across Malaysia that are used primarily for retail, commercial, office and industrial purposes. As at 30 September 2026, CLMT's market capitalisation stood at approximately RM2.1 billion with total assets valued at around RM5.6 billion. CLMT's portfolio comprises six retail properties and nine industrial and logistics properties with a combined net lettable area of approximately 4.7 million square feet. Its retail assets are strategically located in four key urban centres. In Penang, these include Gurney Plaza and a significant interest in Queensbay Mall. In the Klang Valley region, CLMT holds a majority interest in Sungei Wang Plaza in Kuala Lumpur as well as 3 Damansara in Petaling Jaya and The Mines in Seri Kembangan. On the east coast, CLMT owns East Coast Mall in Kuantan, Pahang. CLMT's industrial properties, located within the Johor-Singapore Special Economic Zone in Johor, consist of the Iskandar Puteri Facilities within Nusajaya Tech Park in Iskandar Malaysia and the Senai Airport City Facilities. Its logistics properties include Valdor Logistics Hub located in one of Penang's key industrial hubs, Glenmarie Distribution Centre within Hicom-Glenmarie Industrial Park in Shah Alam, Selangor and Synergy Logistics Hub in Elmina Business Park, Sungai Buloh, Selangor. CLMT is managed by CapitaLand Malaysia REIT Management Sdn. Bhd., a wholly owned subsidiary of CapitaLand Investment Limited, a leading global real asset manager with a strong presence in Asia. About CapitaLand Investment Limited (SGX: 9CI) CapitaLand Investment (CLI) is a leading global real asset manager with a strong foothold in Asia. Headquartered and listed in Singapore, CLI connects institutional capital to real asset opportunities through its globally integrated fund management platforms. Operating in over 40 countries, CLI is focused on growing recurring fee earnings, recycling capital efficiently and delivering sustainable long-term value for shareholders through disciplined capital management and responsible investing. For more information, please visit: www.capitalandinvest.com . (Co. Regn.: 200308451M)
- October 22, 2026Travel & Leisure
A Thailand First Arrives in Chiang Mai!
AWC Joins Hands with Chiang Mai’s Government Agencies and Local Communities to Create a New Chapter in Travel Experiences, Connecting Chiang Mai’s Rich History, Art, and Priceless Lanna Cultural Heritage Through “Chiang Mai Tram by Lannatique.” Joining forces across the public sector, private sector and communities: The Governor of Chiang Mai, the President of the Chiang Mai Provincial Administrative Organization and the Mayor of Chiang Mai City Municipality, together with government agencies and communities, are jointly driving Chiang Mai Tram by Lannatique to promote a transport system that connects key tourist attractions, support sustainable urban development, and strengthen Chiang Mai’s potential as an international tourism destination. AWC Sustainable & Cultural Journey strengthens Chiang Mai’s Tourism Ecosystem At the heart of this initiative is Chiang Mai Tram by Lannatique, Thailand’s first clean-energy electric tram service, featuring 15 stations linking key destinations and offering a distinctive way to experience Lanna’s rich stories and cultural charm. Connecting tourist attractions, hotels, transport networks, and local communities, the initiative creates new economic opportunities for local communities and supports Chiang Mai’s sustainable growth. Driving cooperation across 5 key areas: urban and public space development; tourism and local economic linkages; mobility and urban accessibility; environmental sustainability; and the conservation of Lanna cultural heritage, to support the city’s long-term growth. Asset World Corp Public Company Limited (AWC), Thailand’s integrated lifestyle real estate developer, has joined forces with public and private sector partners to sign a cooperation framework for the sustainable development of Chiang Mai. The partnership aims to strengthen the tourism ecosystem, integrate urban development, and drive Chiang Mai toward becoming a world-class sustainable tourism destination. Under the AWC Sustainable and Cultural Journey approach, AWC is committed to driving urban development through investment in and development of projects that create economic, social and tourism value. Guided by the Social Enterprise concept, AWC seeks to improve quality of life, create meaningful experiences for visitors, and promote economic opportunities for local communities and entrepreneurs. The collaboration was formalized in the presence of Mr. Thosaphon Phuean-udom Governor of Chiang Mai Province, Mr. Pichai Lertpongadisorn Chief Executive of the Chiang Mai Provincial Administrative Organization, Mr. Assanee Buranupakorn Mayor of Chiang Mai Municipality, Mr. Manop Phutthawong Chiang Mai Provincial Transport Officer, Mr. Keng Chaivarin Director of the Tourism Authority of Thailand (TAT) Chiang Mai Office, Pol. Col. Phuwanat Duangdee Deputy Commander Chiang Mai Provincial Police, Pol.Col. Manatchai Inthuean Traffic Division Superintendent Chiang Mai Provincial Police together with Mrs. Wallapa Traisorat Chief Executive Officer and President and Mr. Michael Hariz, Chief Commercial Business Officer of Asset World Corp Public Company Limited attended the signing ceremony for the framework agreement. All parties will combine their knowledge, expertise and resources to integrate urban development, tourism promotion, transport system development, environmental management and the conservation of cultural identity, while creating economic opportunities and shared value for communities, entrepreneurs, residents and tourists over the long term. Cooperation among the public sector, private sector and communities is a key mechanism for driving Chiang Mai’s potential toward balanced and sustainable growth. The cooperation framework sets out 5 key areas of collaboration to drive the tangible and sustainable development of Chiang Mai: integrated urban area development; linking tourism routes and promoting the community economy; developing transport systems and technology-enabled connectivity; promoting environmental conservation and sustainable tourism; and preserving and building on Lanna identity, arts and local culture. Together, these lay a foundation for balanced and sustainable long-term growth for the city of Chiang Mai. Chiang Mai Tram by Lannatique, Thailand’s first clean-energy electric tram line, comes with 15 stations connecting Chiang Mai’s key tourist attractions and its treasured historical and cultural heritage. Designed to reflect Lanna identity in a contemporary dimension, the tram connects key landmarks around the Chiang Mai city moat to support environmentally friendly travel, promote sustainable cultural tourism, and create opportunities to distribute income to the local economy. Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC), said: “AWC is honored to be part of Chiang Mai’s continued development, collaborating with government agencies, partners, and local communities to preserve the city’s distinctive character, from its rich Lanna cultural heritage and local way of life to its natural beauty. Together, we aim to drive sustainable, long-term growth that creates lasting value for Thailand, the tourism industry, and local communities. Chiang Mai Tram by Lannatique the electric tram connects meaningful destinations to create distinctive experiences, showcase Chiang Mai’s unique charm, and promote arts and cultural tourism through the concept of a living museum and join hands to further develop Chiang Mai as a world-class destination for arts and culture. Through AWC Sustainable & Cultural Journey, we aim to connect hospitality, tourist attractions, commercial destinations, lifestyle experiences, and local communities to create meaningful experiences for visitors, expand economic opportunities for local businesses and communities, and preserve Chiang Mai’s invaluable cultural identity and heritage for generations to come.” Mr. Pichai Lertpongadisorn, Chief Executive of the Chiang Mai Provincial Administrative Organization , said: “This cooperation is an important step in integrating public–private collaboration to drive the development of Chiang Mai across the economy, tourism, transport, technology and the conservation of Lanna identity, alongside improving the quality of life of the people. The Chiang Mai Provincial Administrative Organization is ready to coordinate and support cooperation with all sectors to drive Chiang Mai toward becoming a creative economy city and a sustainable international tourism destination. We sincerely hope this cooperation will lead to tangible development that delivers the greatest benefit to the people of Chiang Mai.”
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