APAC News
Singapore’s Private Residential Property Market Achieves 3.9% Growth Despite Global Economic Challenges
Singapore – January 19, 2025 – Singapore’s private residential property market has proven its strength and appeal in 2024, weathering global economic challenges and maintaining its position as a preferred investment destination. The market recorded a 3.9% annual growth rate, surpassing initial forecasts of 3.0%, despite a slowdown from the 6.8% growth achieved in 2023. Market Performance in 2024 Singapore’s property market showed resilience even amid global headwinds, including elevated interest rates and ongoing concerns about geopolitical conflicts. Notably, the US Federal Reserve's decision to cut interest rates by 100 basis points between September and December 2024 positively impacted Singapore's mortgage rates, revitalizing buyer sentiment. This improved confidence coincided with a surge in new private property launches in October and November 2024, resulting in over 2,400 units sold across seven projects—the best performance in a decade for that period. Looking ahead, the election of Donald Trump as the next U.S. president and his potential efforts to mediate the Russia-Ukraine conflict are expected to further bolster market sentiment, setting a positive tone for 2025. Factors Contributing to Market Resilience Several key factors underpin Singapore’s robust property market: Strong Economic Fundamentals : Singapore’s strategic location, world-class infrastructure, and pro-business environment continue to attract global investors. The country’s 2024 GDP growth of 4.0% significantly outperformed the 1.1% rise in 2023, reinforcing confidence in its economic stability. Safe-Haven Appeal : With its political stability, transparent regulations, and sound legal framework, Singapore remains a favored destination for high-net-worth individuals. The presence of 47 billionaires and a growing number of family offices underscores the city-state’s attractiveness as a hub for wealth diversification. Proactive Government Support : The Singapore government has implemented measures to prevent speculation and maintain property prices in line with economic fundamentals. These policies, alongside high homeownership rates, ensure a balanced and sustainable property market. “Singapore’s private residential property market consistently demonstrates its ability to weather global challenges,” said Lance Kuan, spokesperson for Sg Home Investment. “Our combination of strong fundamentals, proactive government policies, and global appeal ensures sustained growth and stability, making the market an attractive investment destination.” Investment Opportunities in Singapore’s Residential Real Estate For investors looking to navigate the market, Sg Home Investment emphasizes the importance of leveraging resources such as HDB Guides and comprehensive property reviews . These tools provide actionable insights into market trends, enabling investors to make informed decisions. Key areas to explore include: Comprehensive Market Analyses : Insights into upcoming property launches, market trends, and pricing strategies. Private Property Guides : Detailed reviews of investment opportunities in the private residential sector. HDB and Executive Condominium Guides : Analysis of public housing trends and hybrid housing options, highlighting their investment potential and unique benefits. Conclusion Singapore’s private residential property market continues to thrive as a dynamic and stable investment opportunity. While external factors such as geopolitical conflicts and global economic conditions may influence market performance, the city-state’s strong fundamentals and pragmatic government policies ensure its long-term growth potential. About Sg Home Investment Sg Home Investment is a leading property investment and consultancy service provider in Singapore. Representing the largest private property agency in the country, the company specializes in delivering insights and tailored strategies to help investors maximize their ROI. For more information visit: https://sghomeinvestment.com , https://www.youtube.com/@sghomeinvestment
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- January 20, 2025Sports
Seven’s National News at Noon
Australia’s #1 news service today announced the launch of Seven’s National News at Noon , a new hour-long live news bulletin presented by acclaimed journalist Natarsha Belling, to air 12.00pm weekdays on Seven and 7plus from Monday. Belling is one of Australia’s most trusted and versatile journalists and news presenters, with more than 30 years’ experience bringing Australians the news stories that have changed and shaped our lives. Born and raised in country NSW, Belling’s skill and passion for news and sharing people’s stories have made her one of Australia’s most respected broadcasters for her work across television, radio and podcasting. Seven’s National News at Noon will deliver viewers breaking news and updates from Australia and abroad. From finance and health to consumer affairs and property, the new bulletin will also include interactive panel chats, special reports and feature segments on the stories that matter to all Australians from 7NEWS ’ national news desk and team of reporters. Seven’s Director of News and Current Affairs and Seven West Media Editor-in-Chief, Anthony De Ceglie, said: “We’re really honoured and excited that Tarsh has joined the 7NEWS team for what will be a brand new and truly national 12 noon news bulletin. “At such a critical time in world and national affairs, particularly with a federal election around the corner, it's only fitting that Seven is delivering more news to Australians in the most dynamic way possible. “We believe there is a big opportunity to connect with viewers who want the latest news and breaking stories during that vital lunchtime period of the day,” he said. Belling said: “I'm absolutely thrilled to join the 7NEWS team and be part of this innovative new news bulletin. “ Seven’s National News at Noon will be more than just headlines; it’s about breaking the major stories of the day and analysing and investigating the issues that matter most to our audience. “News never stops and I feel incredibly privileged to be working with such an outstanding team of journalists, producers and crew at 7NEWS to deliver the very latest as it happens,” she said. With the launch of Seven’s National News at Noon, Australia’s #1 morning television program, The Morning Show , extends to 12.00pm each weekday, with hosts Kylie Gillies and 2024 TV WEEK Gold Logie winner Larry Emdur returning for their 18th year tomorrow after Sunrise. Across Sunrise Early News, Sunrise, The Morning Show, Seven’s National News at Noon, 7NEWS at 4.00pm , 7NEWS at 6.00pm, The Latest, Weekend Sunrise and 7NEWS Spotlight , the unstoppable team at 7NEWS will keep delivering Australians the most trusted news resource in the country, with 7NEWS .com.au and the 7NEWS app providing breaking stories and in-depth analysis across a range of topics including current affairs, sport, business, entertainment and lifestyle. For more information, please contact: Seven Publicity E: [email protected] Neil Shoebridge M: 0417 511 012 E: [email protected] About the Seven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence in content production across broadcast television, publishing and digital. The Seven Network alone reaches about 17 million people a month. The company owns some of Australia’s most renowned media businesses, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; the digital platform 7plus; 7NEWS.com.au ; The West Australian; The Sunday Times ; PerthNow ; The Nightly ; and Streamer . The Seven Network is home to Australia’s most loved news, sport and entertainment programming, including 7NEWS, 7NEWS Spotlight, Sunrise, The Morning Show, The Voice, Home and Away, Australian Idol, My Kitchen Rules, SAS Australia, Farmer Wants A Wife, The Chase Australia, Better Homes and Gardens, RFDS, The 1% Club and the TV WEEK Logie Awards . Seven Network is also the broadcast partner of the AFL, Cricket Australia and Supercars.
- January 20, 2025Sports
Seven’s summer of cricket heats up with Australian tour of Sri Lanka
The Seven Network today announced it has secured the exclusive rights to Australia’s tour of Sri Lanka, set to air live and free on Seven and 7plus Sport from Wednesday, 29 January. In a coup for Australian cricket fans, every ball of the Series, which includes two Test matches and two One Day Internationals, will be seen on Seven and 7plus Sport. Seven Network Head of Cricket, Joel Starcevic, said: “What this summer has shown us is that Australians absolutely love their cricket, and we cannot wait to deliver even more action as Australia takes on Sri Lanka. “Following an exhilarating Border-Gavaskar Trophy Series, two of the greatest WBBL and BBL seasons in recent history and the intensity of the current Women’s Ashes Series on home soil, the addition of Australia’s tour of Sri Lanka cements Seven and 7plus Sport as the undisputed home of cricket. “Before we head to Sri Lanka to witness Steve Smith claim his 10,000th Test run as he captains the Aussie side, this weekend marks a thrilling conclusion to the BBL regular season, setting the stage for a nail-biting race to the Final on Monday, 27 January,” he said. “But it doesn’t stop there. Adding to the smorgasbord of live and free cricket action, our nation’s most loved team, the Australian women’s cricket team, will face England in a historic Ashes Test at the hallowed MCG over four epic days from Thursday, 30 January, following today’s final ODI and three T20Is. “There has never been a more exciting time to be a cricket fan in Australia, and you can catch every ball from every BBL Final, the Women’s Ashes and the Australian tour of Sri Lanka live and free on Seven and 7plus Sport – the only place to see it all,” Mr Starcevic said. Cricket Australia Chief Executive Officer, Nick Hockley said: “The Border-Gavaskar Trophy series captivated the nation this summer with record crowds and viewership. It’s great that Australian fans will be able to watch the team again so soon in what is sure to be another compelling series in Sri Lanka.” Seven Network Commercial Director – Sport, Renee Quirk, said: “As the Australian side takes on their final Test before the World Test Championship Final, Seven will be there to deliver every moment to passionate Australian fans at home. “With the Women’s Ashes already off to a fiery start, Aussie viewers are in for an absolute treat when the Series culminates in a historic Ashes Test at the MCG, with every ball live and free on Seven and 7plus Sport. “With multi-channel access across broadcast and digital on any device, Australian viewers can ensure they don’t miss a moment of the Women’s Ashes and men’s Australia v Sri Lanka Series as an epic Summer of Cricket draws to a close on Seven and 7plus Sport,” she said. For more information, please contact: Emma Francis Senior Publicist, Sport M: 0415 721 413 P: 03 9697 7763 E: [email protected] Neil Shoebridge M: 0417 511 012 E: [email protected] About the Seven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence in content production across broadcast television, publishing and digital. The Seven Network alone reaches about 17 million people a month. The company owns some of Australia’s most renowned media businesses, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; the digital platform 7plus; 7NEWS.com.au ; The West Australian; The Sunday Times ; PerthNow ; The Nightly ; and Streamer . The Seven Network is home to Australia’s most loved news, sport and entertainment programming, including 7NEWS, 7NEWS Spotlight, Sunrise, The Morning Show, The Voice, Home and Away, Australian Idol, My Kitchen Rules, SAS Australia, Farmer Wants A Wife, The Chase Australia, Better Homes and Gardens, RFDS, The 1% Club and the TV WEEK Logie Awards . Seven Network is also the broadcast partner of the AFL, Cricket Australia and Supercars.
- January 20, 2025Sports
Seven and LIV Golf announce multi-year extension
The world’s first global team golf league featuring many of the sport’s biggest stars will return live and free to the Seven Network in 2025 and beyond, as the network today announced it is retaining the rights for every round of the LIV Golf League. Fans can follow all the exciting action and rivalries of the upcoming season on 7plus Sport, beginning with LIV Golf Riyadh on 6 to 8 February and then LIV Golf Adelaide from 14 to 16 February as the tournament visits The Grange Golf Club once again. LIV Golf Adelaide 2024 saw a groundbreaking tournament unfold on Seven, with the league's first-ever team playoff between the all-Australian Ripper GC and the all-South African Stinger GC. More than 2.7 million viewers tuned in to Seven and 7plus Sport across the three days to watch the action as the home team reigned supreme for a sensational win on championship Sunday. Seven Network Director of Sport, Chris Jones said: “The LIV Golf broadcast is absolutely world-class, and we cannot wait to embark on another huge year of action on Seven and 7plus Sport. “LIV Golf continues to innovate both on and off the course, and we’ve loved working with the LIV team to take viewers behind the stories of the tournament’s biggest names and see the personalities behind the sport’s most exciting players. “At Seven, we’re genuinely excited to continue our partnership with LIV, not only for the Adelaide event that has become a landmark on the Australian sporting calendar, but for all LIV Golf events which will continue to be broadcast live and free on Seven and 7plus Sport,” he said. Seven Network Commercial Director – Sport, Renee Quirk said: “On behalf of the Seven Network, we are thrilled to announce an extension to our valued partnership with LIV Golf. “At Seven, we’re proud to have been with LIV Golf from the very beginning in Australia. It’s a competition that has undeniably put golf back on the map, showcasing the biggest names in the sport in a way that captivates audiences both on screen and on the ground. Together with LIV, we have seen strong audience results on 7plus Sport, not just for the Adelaide event, but worldwide, and we’re thrilled to continue working with them to bring this incredible experience to fans in Australia." Seven Network’s broadcast in 2025 will bring all the drama, celebrations and incredible competition to Australian fans as the sport continues to draw in new audiences and modernise golf through a team lens. Entering its third official full league season in February, the LIV Golf League features an exciting blend of individual and team competition that has supercharged the sport, redefined how golf is experienced and captivated fans worldwide. For all LIV Golf League events, fans can watch the star-studded field featuring 14 major champions with a combined 28 major wins, including 2024 LIV Golf Individual Champion, Jon Rahm (Legion XIII), Bryson DeChambeau (Crushers GC), Brooks Koepka (Smash GC), Phil Mickelson (HyFlyers GC), Dustin Johnson (4Aces GC), Sergio Garcia (Fireballs GC), and more, with Australian golfing icons Cameron Smith, Marc Leishman, Matt Jones and Lucas Herbert of Ripper GC heading into the season as the reigning team champions. LIV Golf Senior Vice President of Broadcast Partnerships and Programming, Ron Wechsler, said: “It’s great that Australian fans will be able to get close to the LIV Golf action across the globe from the comfort of their homes for all events thanks to the Seven Network. Through 7plus Sport, fans will be able to feel the LIV Golf energy and excitement as the League takes on exciting new destinations, new players, and new heights in 2025 and beyond.” For more information on the 2025 schedule and the LIV Golf League, visit LIVGolf.com For further information, please contact: Emma Francis Senior Publicist, Sport, Seven M: 0415 721 413 E: [email protected] Sam Okely PR Manager (TGI Sport on behalf of LIV Golf Adelaide) M: 0433 595 706 E: [email protected] James Lloyd PR Executive (TGI Sport on behalf of LIV Golf Adelaide) M: 0424 789 386 E: [email protected] Maddie Barras PR Executive (TGI Sport on behalf of LIV Golf Adelaide) M: 0410 200 175 E: [email protected] About the Seven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence in content production across broadcast television, publishing and digital. The Seven Network alone reaches about 17 million people a month. The company owns some of Australia’s most renowned media businesses, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; the digital platform 7plus; 7NEWS.com.au ; The West Australian; The Sunday Times ; PerthNow ; The Nightly ; and Streamer . The Seven Network is home to Australia’s most loved news, sport and entertainment programming, including 7NEWS, 7NEWS Spotlight, Sunrise, The Morning Show, The Voice, Home and Away, Australian Idol, My Kitchen Rules, SAS Australia, Farmer Wants A Wife, The Chase Australia, Better Homes and Gardens, RFDS, The 1% Club and the TV WEEK Logie Awards . Seven Network is also the broadcast partner of the AFL, Cricket Australia and Supercars. About LIV Golf The LIV Golf League is the world’s only global golf league featuring 13 teams, a 14-tournament schedule, and many of the world’s best golfers. Launched in 2022, the League was designed to expand the sport on a global level and create new value within the golfing ecosystem while enhancing the game’s societal impact. A landmark investment by LIV Golf also launched The International Series, a set of 10 enhanced events sanctioned by the Asian Tour, with elevated prize funds in world-class destinations, offering a pathway for leading professional and amateur golfers from around the world into the LIV Golf League. Only three years into operations and with tournaments across North and Latin Americas, Asia, Australia, the Middle East and Europe, LIV Golf remains committed to developing the sport at every level and exposing more people to the positive virtues of the game through its unique blend of intense competition and entertainment. LIV Golf is owned and operated by LIV Golf Investments whose vision and mission are centered around making holistic and sustainable investments to enhance the global golf ecosystem and unlock the sport’s untapped worldwide potential.
- January 20, 2025Business
CapitaLand India Trust signs agreement with leading global hyperscaler
CapitaLand India Trust (CLINT) has signed a long-term agreement with a leading global hyperscaler for one of CLINT’s data centres under development. With this, CLINT is likely to pre-lease about half of its total gross power capacity under development of around 250 MW. Mr Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management Pte. Ltd. (the Trustee-Manager of CLINT), said: "CLINT's decision to diversify into critical infrastructure such as data centres is validated by the strong interest shown by hyperscale and enterprise customers and positions us well to capitalise on India’s burgeoning digitalisation needs and drive long-term value for our unitholders. We are on track to complete the development of our data centres in India, accelerate leasing momentum, and unlock value through divestments of partial stakes to strategic investors. With the support of our sponsor, CapitaLand Investment (CLI), we are well-poised to meet the fast-growing demand for data centre capacity in India." Mr Manohar Khiatani, Senior Executive Director of CLI, who oversees the group’s data centre business and is Chairman of the Trustee-Manager, said: "India is a core market for CLI and we see strong growth potential across the asset classes that CLINT is active in, including data centres. This agreement with a leading hyperscaler is a milestone and demonstrates our ability to deliver world-class data centre solutions. It underscores our deep in-country expertise and strong vertically-integrated capabilities in acquiring greenfield land; designing, developing and completing construction on schedule; as well as leasing and operating data centres. Digitalisation is the global megatrend of our times and CLI has significantly expanded its data centre business and capabilities worldwide in the last few years. With our 27 data centres across the globe offering more than 800 MW in gross power on a completed basis, we are well-positioned to cater to the expansion needs of hyperscalers and enterprises." “India is seeing a surge in demand for data storage and processing given the significant scale and growth of mobile and internet users and businesses widely adopting technologies such as artificial intelligence and Internet of Things1. The rapid pace of digital transformation, increased adoption of cloud computing and the need for data localisation will continue to drive demand for data centres. With 30 years of experience in India, strong technical capabilities and a global customer network, CLI is fully equipped to support CLINT’s growth in India,” added Mr Khiatani. CLINT is developing four state-of-the-art facilities in all the key data centre corridors of India, i.e., Mumbai, Chennai, Hyderabad and Bangalore. This strategic diversification strengthens CLINT's portfolio in India, enabling it to deliver quality risk adjusted returns to unitholders. Note: 1. Deloitte India Pre-Budget Survey 2024
- January 20, 2025Business
AirAsia MOVE Welcomes SriLankan Airlines as its Latest Direct Airline Partner
AirAsia MOVE strengthens its status as a leading OTA platform as it onboards Sri Lanka’s National Carrier, SriLankan Airlines as its latest direct airline partner on the platform, opening more opportunities for travellers to explore the rich heritage, and breathtaking landscapes of the pearl of the Indian Ocean – Sri Lanka. Photo caption: (Left to right) Sharuka Wickrama Adittya, Country Manager Malaysia & Singapore of SriLankan Airlines, and Yeoh Sai Ho, Head of Flights OTA at AirAsia MOVE in the partnership signing ceremony took place in Kuala Lumpur. A signing ceremony was held in Kuala Lumpur recently between AirAsia MOVE and SriLankan Airlines with Yeoh Sai Ho, Head of Flights OTA at AirAsia MOVE and Sharuka Wickrama Adittiya, Country Manager, Malaysia & Singapore SriLankan Airlines representing each party respectively. To mark the occasion, AirAsia MOVE and SriLankan Airlines are offering an exclusive deal for Kuala Lumpur to Colombo flights from only RM2,556* for two people! Book now until 31 March 2025, and travel from today to 30 June 2025. Additionally, AirAsia MOVE app users can unlock special one-way fares to exciting destinations: fly from Kuala Lumpur to Doha from RM2,105, to Riyadh from RM1,832, and to Dubai from only RM1,729. Take advantage of this offer during the booking period from today to 31 March 2025, and travel period from today to 31 May 2025. Nadia Omer, Chief Executive Officer of AirAsia MOVE, in expressing her enthusiasm, commented: “We are delighted to welcome SriLankan Airlines as our latest direct airline partner on our OTA platform. Sri Lanka is a unique gem in the travel world, offering everything from ancient ruins to golden beaches. This collaboration reflects our commitment to providing our 15 million app users with unparalleled travel options and the convenience of booking flights, hotels, and more all-in-one app. We look forward to promoting Sri Lanka as a must-visit destination, particularly for travellers across ASEAN.” Sharuka Wickrama Adittya, Country Manager Malaysia & Singapore of SriLankan Airlines , commented, “For an Airline its very vital and important to have a strategic distribution partner to ensure the airlines products and offers are presented to the valued customers, this will lead to happy customers and have trust and confidence of the Airline, with a strategic partner such as AirAsia MOVE we are confident of enhanced customer service, increase sales and revenue, access to exclusive deals and market expansion, I’m confident this partnership will lead both entities a win-win situation” Aside from SriLankan Airlines, AirAsia MOVE partners directly with other notable airlines such as Citilink, ANA, Air Mauritius, Etihad, and more on its platform, aside from giving travellers the option to choose from over 700 other airlines. AirAsia MOVE users can also conveniently choose from over a million hotels across the globe to complete their travel plans, along with first and last-mile connectivity through airport transfers, and other ancillary travel products such as online duty-free shopping, travel insurance and more. All of these services are encapsulated by the AirAsia Rewards loyalty programme, allowing users to earn and redeem AirAsia points for every transaction across the whole ecosystem within the app. Airlines, hotels and other establishments interested to be a direct partner of the AirAsia MOVE OTA platform can sign up here . Stay up to date with everything from AirAsia MOVE by following @airasiamove on Instagram & TikTok or @airasia on X for the latest updates. For a seamless and enhanced experience, download your AirAsia MOVE from the Apple App Store , Google Play Store and Huawei App Gallery . *** ENDS *** About AirAsia MOVE AirAsia MOVE, formerly known as airasia Superapp is the newest online travel agent+ (OTA+) in town, providing a seamless and personalised experience for travellers at the best value in Asean and beyond. It envisions travel complemented by a community-led experience through features such as airasia chat, games, gifting, and a strong loyalty program that rewards users across its expansive ecosystem. AirAsia MOVE’s ecosystem includes OTA services such as flight bookings from over 700 airlines, including the World’s Best Low-Cost Carrier AirAsia and 900,000 hotels world-wide plus ride-hailing, insurance, duty-free shopping and more, underpinned by integrated financial services by BigPay. It has been recognised by World Travel Awards as ‘Asia’s Leading Online Travel Agency 2023’ in its first nomination in the OTA category. Download the AirAsia MOVE app via the Apple App Store , Google Play Store and Huawei App Gallery . Both AirAsia MOVE and BigPay are part of MOVE Digital , the digital arm of Capital A Berhad. Media Enquiries: [email protected] About SriLankan Airlines Launched in 1979, Sri Lanka’s National Carrier is an award winning airline with a solid reputation for service, comfort, safety, reliability, and punctuality. The airline’s hub is at Bandaranaike International Airport in Colombo, providing convenient connections to its global route network of 114 destinations in 62 countries.
- January 15, 2025Lifestyle
Singapore Buddhist Practice For Self-Realization & Enlightenment Announced
With a deep understanding of the interconnectedness of mind, body, and spirit, Teacher Tian Lin's newly announced training approach encompasses expert guidance for individuals seeking spiritual growth and enlightenment. His insights are rooted in his healing journey and years of experience in spiritual guidance and teaching mind-body cultivation courses. More details are available at https://www.youtube.com/@tianlin777 Numerous studies have shown meditation can have a substantial positive impact on physical and mental health. For instance, a November 2019 analysis of 60 studies on mind-body therapies for individuals using opioids revealed moderate to significant improvements in pain relief for those who practiced meditation. These benefits were more pronounced than those observed in participants who engaged in guided imagery or relaxation techniques. In line with this development, Teacher Tian Lin’s teachings focus on the integration of mind, body, and spirit. Students learn to resolve physical ailments stemming from long-term spiritual imbalances caused by the forgetting of one’s true self. Teacher Tian Lin’s courses offer practical solutions for attaining complete well-being. Additionally, Teacher Tian Lin works with practitioners to help them transcend repetitive cycles that prevent spiritual progress. Some meditation practitioners may learn many techniques but still feel they’re unable to find inner peace, or they may feel trapped by external distractions despite consistent practice. His training guides participants to recognize and break through these blocks for greater spiritual clarity. The course also assists participants who have learned many religious practices to escape reincarnation but believe they’re no closer to achieving liberation. Teacher Tian Lin’s teachings can enable participants to recognize these fears as distractions from the spiritual path and guide them back onto the way to self-realization. Teacher Tian Lin was inspired to offer his courses after tending to his mother during a serious illness, an experience that sparked a quest to understand the relationship between the body, mind, and spirit. With years of experience and thousands of cases of spiritual counseling, his mission is to guide individuals to recognize their true essence and experience greater love, peace, and abundance in their lives. Teacher Tian Lin says, “My mission is to help you discover the great power of your true self, which will enable you to resonate with higher energy frequencies and lead to a more harmonious, joyful, and prosperous life.” Interested parties can learn more at https://tianlin520.blogspot.com/
- January 15, 2025Business
Towngas, CMHK, StarFive and Xinsheng sign MOU to enhance smart gas services with cutting-edge technology and improved information security
The Hong Kong and China Gas Company Limited (Towngas), China Mobile Hong Kong Company Limited (CMHK), Shanghai StarFive Semiconductor Co., Ltd. (StarFive), and Xinsheng Technology Co., Ltd. (Xinsheng) have signed a strategic memorandum of understanding to collaborate on Internet of Things (IoT), Chinese-developed RISC-V chips, and information security technologies. The partnership aims to improve gas meter reading efficiency and explore innovative technologies in smart gas equipment applications. Through this collaboration, Towngas, which serves over two million users in Hong Kong, will incorporate the “TGSE CHIP” – jointly developed by Towngas subsidiary Towngas Lifestyle and StarFive – into its smart gas meters. Combined with Xinsheng’s 4G module and CMHK’s 4G network, this integration will enhance Hong Kong’s smart gas management capabilities, improve meter reading efficiency and data security, and contribute to smart city building and the development of new quality productive forces. This strategic four-party collaboration stems from TGSE CHIP’s successful application in mainland smart gas scenarios. Since its launch in November 2022, mainland sales of the TGSE CHIP have exceeded 3.85 million units by the end of 2024. This cooperation marks the first introduction of mainland RISC-V chip technology to Hong Kong. Mr Peter Wong Wai-yee, Managing Director of Towngas, noted that with the TGSE CHIP having gained strong trust among the Group’s mainland customers, Hong Kong’s smart gas meters will be progressively upgraded with this chip to improve meter reading efficiency while enhancing user data security. Mr Wong expects the TGSE CHIP to expand into more smart kitchen and smart home applications, delivering a safer, smarter, and better living experience for customers. Mr Ling Hao, Chairman of CMHK, highlighted CMHK’s recent focus on upgrading network connectivity, computing power services, AI capabilities and developing innovative product service systems. The collaboration with Towngas integrates IoT SIM cards, communication chips and modules, the OneNET IoT device management platform, and information security technologies. Combined with Cat.1 technology running directly on 4G networks and premium network resources, this establishes a secure connectivity foundation for wireless gas meter reading. Mr Xu Tao, Chairman and CEO of StarFive, noted that as China’s leader in RISC-V technology and ecosystems, StarFive provides robust RISC-V hardware foundations for the TGSE CHIP and is working with partners to build smarter, more secure, and cost-effective smart gas solutions, continuously supporting the digital transformation of Hong Kong’s gas industry. Looking ahead, StarFive will continue to deepen its RISC-V technology development, explore more innovative solutions, inject continuous momentum into Hong Kong’s smart city development, and help Hong Kong move towards a smarter and more efficient future. Mr Jiang Wenlong, Chairman of China Mobile IoT and Xinsheng, stated that they focus on developing innovative IoT chip technologies for diverse applications. The TGSE CHIP solution launched with Towngas uses Xinsheng’s advanced RISC-V architecture communication chip “CM8610”. This chip combines high performance, low power consumption, and strong connectivity, meeting gas meter requirements for remote monitoring, meter reading, and data analysis while enabling safer, more convenient, and more efficient smart services. Looking ahead to 2025, the collaborative effort and application of leading technologies in smart gas infrastructure will bring significant innovations to urban infrastructure, enhance gas industry efficiency and sustainability, and promote local technological innovation and industrial upgrading, injecting new momentum into Hong Kong’s development as a world-class smart city. About The Hong Kong and China Gas Company Limited (Towngas) Established in 1862, Towngas is the public utility with the longest history in Hong Kong and one of the city’s largest energy suppliers, operating at world-class standards of corporate management and operations. For generations, Towngas has provided safe and reliable energy solutions to the general public, leading the way in the Greater China energy sector. In 1994, Towngas expanded into the gas supply market of the Chinese mainland, and now operates over 900 projects across 29 provincial regions. In recent years, Towngas has been actively developing clean energy solutions, including hydrogen energy, marine green methanol, and sustainable aviation fuel, supporting Hong Kong’s goal of achieving carbon neutrality before 2050 and China’s national “30-60” dual carbon goals. About China Mobile Hong Kong Company Limited China Mobile Hong Kong Company Limited (“CMHK”) is the wholly-owned subsidiary of China Mobile Limited (HKEx: 941), which is listed on the Fortune Global 500. CMHK was incepted in January 1997 and was the first mobile network operator to launch PCS services in Hong Kong. As the world’s leading mobile network brand with the largest customer base*, The Company offers innovative and comprehensive communications services, including voice, data, IDD and international roaming through 5G, 4G LTE and 3GHSPA and other technologies. The Company is committed to the development of 5G with new technologies such as artificial intelligence, internet of things, cloud computing and big data, integrating 5G applications in different industries, promoting the construction and development of smart city groups in Greater Bay Area. * China Mobile (Hong Kong) Limited is a wholly-owned subsidiary of China Mobile Limited. As of 31 December 2023, China Mobile Limited had the largest number of mobile network subscribers in the world. About Xinsheng Technology Co., Ltd. Xinsheng Technology Co., Ltd. is a subsidiary of China Mobile IoT Company Limited. In 2020, Xinsheng was registered and established. Xinsheng’s mission is driving the interconnection of all things and accelerate the transformation of social digital intelligence. Xinsheng’s vision is being the most innovative IoT chip and application leader. Focusing on the localization of IoT chips, Xinsheng Technology Co., Ltd. has currently formed a “SIM chip + Communication chip + MCU chip” product system and a “chips + solutions” two-wheel drive business layout, aiming to promote competitiveness and contribute to the national intelligent development. About Shanghai StarFive Semiconductor Co., Ltd. Founded in 2018, StarFive is a Chinese local high-tech company with independent intellectual properties, providing world-leading RISC-V products and solutions, including CPU IPs, SoCs, development boards, and more, positioning itself as a leader in China’s RISC-V hardware and software ecosystem. StarFive is rooted in China with a broad view of the world. Its RISC-V products have become indispensable core components of devices and applications worldwide, such as cloud computers, tablets, desktop computers, laptops, smart homes, and smart energy. StarFive will create more value for global developers and customers by leading the RISC-V development and driving industry innovation. - END - Press photos: Photo 1 Witnessed by Mr Peter Wong Wai-yee (centre, back row), Managing Director of Towngas; Mr Ling Hao (2nd from right, back row), Chairman of CMHK; Mr Alan Chan Ying-lung (2nd from left, back row), Executive Director and Chief Investment Officer of Towngas; Mr Xu Tao (1st from left, back row), Chairman and CEO of StarFive; Mr Yang Jun (1st from right, back row), Chief Operating Officer – Extended Business of Towngas; and Mr Jiang Wenlong, Chairman of China Mobile IoT and Xinsheng (participating online), the MOU is signed by Mr Don Cheng Hill-kwong (2nd from left, front row), Chief Operating Officer – Hong Kong Business and Head of Sustainable Green Energy Hub of Towngas; Mr Lei Liqun (2nd from right, front row), Director & Executive Vice President, Chief Financial Officer of CMHK; Ms Dong Binjie (1st from left, front row), Executive Vice President of StarFive; and Mr Li Ning, Marketing Director of Xinsheng (1st from right, front row). Photo 2: Mr Peter Wong Wai-yee, Managing Director of Towngas, points out that the TGSE CHIP will expand into smart kitchen and smart home applications, bringing customers a safer, smarter, and better living experience. Photo 3: Mr Ling Hao, Chairman of CMHK, remarks that the collaboration with Towngas establishes a secure connectivity foundation for wireless gas meter reading. Photo 4: Mr Xu Tao, Chairman and CEO of StarFive, states that StarFive provides robust RISC-V hardware foundations for the TGSE CHIP and works with partners to build smarter, more secure, and cost-effective smart gas solutions. Photo 5: Mr Jiang Wenlong, Chairman of China Mobile IoT and Xinsheng, states that they focus on developing innovative IoT chip technologies, with this collaboration meeting gas meter requirements for remote monitoring, meter reading, and data analysis. Photo 6: Group photo (from left): Ms Kathy Pan Yonghua, Senior Vice President (Strategic Development) – Extended Business of Towngas; Ms Dong Binjie, Executive Vice President of StarFive; Mr Xu Tao, Chairman and CEO of StarFive; Mr Alan Chan Ying-lung, Executive Director and Chief Investment Officer of Towngas; Mr Don Cheng Hill-kwong, Chief Operating Officer – Hong Kong Business and Head of Sustainable Green Energy Hub of Towngas; Mr Peter Wong Wai-yee, Managing Director of Towngas; Mr Ling Hao, Chairman of CMHK; Mr Lei Liqun, Director & Executive Vice President, Chief Financial Officer of CMHK; Mr Li Ning, Marketing Director of Xinsheng; and Mr Yang Jun, Chief Operating Officer – Extended Business of Towngas. Photo 7: Through this collaboration, Towngas will incorporate the TGSE CHIP – jointly developed by Towngas Lifestyle and StarFive – into its smart gas meters, combined with Xinsheng’s 4G module and CMHK’s 4G network, to enhance Hong Kong’s smart gas management capabilities. For media enquiries, please contact: The Hong Kong and China Gas Company Limited Ms Kara Kwong Assistant Corporate Affairs Manager Tel: 2963 3497 / 6698 3357 Email: [email protected] China Mobile Hong Kong Company Limited Ms Carol Hung Assistant Corporate Communication Manager Tel: 3974 3501 Email: [email protected]
- January 15, 2025Business
Frasers Property Thailand Holds 2025 Annual General Meeting, Announces Dividend of 0.31 Baht per Share
Frasers Property (Thailand) Public Company Limited or "FPT", Thailand’s first and leading fully integrated real estate company with a portfolio spanning residential, industrial, and commercial properties, successfully held and concluded its 2025 Annual General Meeting (AGM) today. the Board of Directors, presented the operational results for the 2024 fiscal year (October 2023 - September2024). The company maintained steady growth with total FY24 net revenue of 14,566 million baht, a decrease of 13.3% from the previous year, resulting in a FY24 net profit of 1,467 million baht, representing a 10.1% net profit margin of total revenue. In spite of macroeconomic challenges faced by the residential business segment, the company maintained stable performance. This was attributable to strong recurring rental income from its diversified portfolio that includes factories, warehouses, hotels, retail spaces, and Grade A office buildings, which maintained an average occupancy rate of 90%. At the 2025 AGM, FPT declared a dividend of 0.31 baht per share, to be paid to shareholders on 11 February 2025. FPT remains committed to maintaining and improving its operational performance while considering all key stakeholders, guided by its Purpose – Inspiring experiences, creating places for good. The company continues to operate in accordance with its sustainability policies and has received certifications from leading organisations both in Thailand and internationally. Most recently, FPT’s ambitious target to achieve net-zero carbon emissions by 2050, encompassing Scopes 1, 2, and 3 emissions, has been validated and approved by the Science Based Targets initiative (SBTi), making it the first real estate company in Thailand to achieve this milestone. The company also achieved an AA rating in the SET ESG Rating from the Stock Exchange of Thailand, as well as the highest "Excellent" or 5-star Corporate Governance Rating for the fifth consecutive year from the Thai Institute of Directors (IOD). FPT also received the highest "A" rating for sustainability disclosure from GRESB, reflecting its commitment to sustainable and transparent business operations across all dimensions.
- January 15, 2025Travel & Leisure
AirAsia aims to fly five million guests to Sabah in 2025
AirAsia is targeting five million guest arrivals to Sabah through Kota Kinabalu, Sandakan, and Tawau in 2025, almost doubling from the 3.7 million arrivals recorded in 2024. This growth target includes both domestic and international travellers and reinforces AirAsia’s leadership in enhancing the region's connectivity and contributing to its economic growth. Photo Caption: Datuk Captain Chester Voo, Deputy CEO (Airline Operations) of AirAsia Aviation Group and Julinus Jimit, Sabah Tourism Board CEO at the AirAsia r oadshow in Kota Kinabalu on 13 January 2025 to strengthen partnerships and align efforts in improving essential tourism touchpoints. Towards this end, the airline’s 2025 expansion plans include strengthening its existing network of 27 routes, comprising 13 domestic and 14 international connections to/from Sabah. These enhancements are expected to contribute to a 35 per cent increase in flights to over 51,500 annually and a 43 per cent growth in seat capacity. In 2024, AirAsia played a key role in helping Sabah reach its goal of over three million visitors, flying a significant portion of these guests and reinforcing its position as the leading airline supporting the region's connectivity and tourism growth. As part of efforts to rally the region’s tourism ecosystem, the airline is holding a series of roadshows across Sabah to strengthen partnerships and align efforts in improving essential tourism touchpoints such as accommodation, activities, transportation, and accessibility, and explore strategic investments to elevate its tourism infrastructure. Bo Lingam, Group CEO of AirAsia Aviation Group said: “Sabah is integral to AirAsia’s network, and we are proud to be the leading airline connecting the region to Malaysia and key international markets. Our ambitious 2025 goal of welcoming five million guests reaffirms this commitment, underscored by significant investments in operational capacity to increase flights and targeted marketing efforts. With higher arrivals, these initiatives have the potential to create substantial economic multiplier effects for the region and local businesses, fueled by a robust supply chain and increased tourist spending. “Our growth in Sabah would not be possible without the impactful collaborations we have built with the Sabah Tourism Board (STB) and industry partners. To sustain this momentum, we strongly advocate for greater collaboration and shared incentives from key players in the tourism and hospitality sectors, including hotels and tourism players. By investing in joint promotions and supporting strategic routes, we can amplify tourism’s economic benefits for Sabah and maintain a steady growth trajectory. “Complementing these efforts, AirAsia is making targeted investments in Fly-Thru offerings and expanding key routes in high-priority markets such as Vietnam, India, Indonesia, and Kazakhstan. These initiatives are further strengthened by sustained campaigns aimed at attracting travelers from China, Hong Kong, and Singapore. Together with our partners, we aim to position Sabah as a thriving global destination that benefits communities far beyond the airport and cements its standing as a world-class tourism hub.” Julinus Jimit, Sabah Tourism Board CEO said: “AirAsia’s extensive network and continued investments have strengthened Sabah’s position as a key gateway for both domestic and international travellers. We are excited to deepen our collaboration to further enhance the region’s offerings and ensure that all stakeholders are prepared to cater to the projected increase in tourist arrivals resulting from AirAsia’s initiatives.” In 2024, AirAsia and STB entered into a strategic five-year partnership to boost the region’s tourism industry by improving air connectivity across the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) and expanding links to the broader ASEAN region, North Asia, and Oceania from 2024 to 2028.
- January 15, 2025Business
ikhlas.com aims to serve 50,000 Indonesian umrah pilgrims with LPHU Muhammadiyah, Impian International
Ikhlas Com Travel & Umrah Sdn Bhd (ikhlas.com) has signed a partnership agreement with the Hajj and Umrah Development Institute (LPHU) of Muhammadiyah and Impian International Sdn Bhd to amplify its efforts in servicing more umrah pilgrims from Indonesia. Photo caption: (From the left) Member of the People's Representative Council of Indonesia, Ahmad Labib, CEO of Impian International Sdn Bhd, Mohd Arafat Muhammad, CEO of ikhlas.com , Ikhlas Kamarudin, Secretary of LPHU, Dr Marjuki Al Jawiy and ikhlas.com Manager of Corporate Sales & Partnerships, Mohd Wafiyuddin Mustakim Safawi after signing the partnership agreement in Kuala Lumpur. Under the agreement, ikhlas.com will work closely with LPHU Muhammadiyah and Impian International to provide affordable umrah packages and flights with AirAsia X while ensuring the quality of service and security for the Indonesian umrah market. The agreement was signed between Chief Executive Officer of ikhlas.com, Ikhlas Kamarudin, Secretary of LPHU, Dr Marjuki Al Jawiy and Chief Executive Officer of Impian International Sdn Bhd, Mohd Arafat Muhammad; witnessed by the Member of the People's Representative Council of Indonesia, Ahmad Labib who is also the Treasurer of LPHU. Ikhlas said: “There is a massive demand for affordable umrah from Indonesia and we have been striving to fulfil this demand. With this partnership, we can finally offer more Indonesians easy access to full-service yet affordable umrah experience and flights to Saudi Arabia with AirAsia X. “Our mission is to serve at least 10,000 Indonesian pilgrims within the first year and grow the number up to 50,000 guests once we have a better understanding of the market’s specific needs and catering to them effectively.” Ahmad Labib said: “We are pleased to introduce the LPHU Umrah package at a very affordable price of Rp 21 million (RM 5,830) which offers pilgrims the opportunity to perform Umrah with guaranteed prices, flights and accommodation even with budget-friendly options for everyone to enjoy.” Mohd Arafat said: “Through this partnership, Impian International would like to offer “umrah one door” between the two countries to all members under the auspices of LPHU. This is based on our reliability and trust towards ikhlas.com and the efficient AirAsia ecosystem.” In 2024, ikhlas.com successfully carried more than 110,423 passengers to Saudi Arabia and catered to nearly 5,500 pilgrims with some 600,000 platform users across the region. Muhammadiyah is Indonesia’s largest and oldest modernist Islamic movement which pioneered the Hajj and Umrah organisation in the country and it is the first indigenous Islamic organization to reform and introduce a modern Islamic education system, governance and management of religious affairs based on the principles of accountability and impact-oriented and pioneered the Muslim women's emancipation movement. Launched during the pandemic in October 2020, ikhlas.com is a Muslim travel and lifestyle platform designed specifically to help Muslims carry out their religious obligations with ease. In addition to ikhlas.com Umrah and Muslim-friendly Travel offerings in collaboration with subsidiary airline, AirAsia X, ikhlas.com also makes it easier for Muslims to perform Zakat, Sadaqah, Aqiqah, Fidyah, Qurban and more. For more information, visit ikhlas.com or download the mobile app through the Apple App Store and Google Play Store .
- January 15, 2025Business
AirAsia MOVE appoints renowned travel industry leader Manfredi Lefebvre d'Ovidio as Chairman
The OTA (online travel agent) platform of Capital A, AirAsia MOVE is pleased to announce the appointment of Manfredi Lefebvre d’Ovidio as its new Executive Chairman, effective immediately, succeeding Datuk Kamarudin Meranun who has been instrumental in shaping AirAsia MOVE into a travel powerhouse in Asean. Datuk Kamarudin Meranun will remain actively engaged as a Board of Director in AirAsia MOVE, along with Tony Fernandes as a strategic advisor for AirAsia MOVE in the capacity of Capital A’s CEO. Datuk Kamarudin Meranun, outgoing Executive Chairman of AirAsia MOVE commented, “We are thrilled about having Manfredi onboard, as he is a true visionary who has a deep understanding of the travel ecosystem. His global perspective and passion for innovation will be invaluable as AirAsia MOVE continues to lead in redefining travel in the digital age. It’s been an incredible journey, and I’m excited to see where AirAsia MOVE will go under his chairmanship. With decades of experience in the global travel industry and luxury hospitality, Manfredi brings with him a wealth of knowledge and strategic insights, and his leadership in Abercrombie & Kent Travel Group and his influence on the broader luxury and personalised travel sector position him as a dynamic force to drive MOVE’s next chapter of growth.” As the incoming Executive Chairman of MOVE Digital, Manfredi Lefebvre d’Ovidio said, “I am excited to take on this new role at AirAsia MOVE, a company that has already transformed how people across Asean experience travel. The digital transformation of travel is just beginning, and I look forward to leveraging my experience to lead such an innovative travel platform into the next phase of innovation and growth. As Chairman, I plan to focus on enhancing the user experience, driving personalised solutions, and fostering new partnerships to ensure AirAsia MOVE remains at the forefront of travel innovation. As a travel platform, AirAsia MOVE has steadily grown its portfolio from flights and hotels to bundled travel services and experiences, establishing itself as a leader in the ASEAN region. My appointment signals a renewed focus on leveraging global expertise to further enhance the platform’s offerings and expand its reach.” Capital A’s OTA platform, AirAsia MOVE has consistently grown its portfolio of services, from flights and hotels to bundled travel solutions and experiences, establishing itself as a leader in the Asean region. Lefebvre d’Ovidio’s appointment signals a renewed focus on leveraging global expertise to enhance the platform’s offerings and expand its reach further. *** ENDS ***
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