APAC News
First Hour of JD.com’s 618 Grand Promotion: GMV, Orders, and Active Shoppers Grow 200% Year-Over-Year for 2025
JD.com’s 618 Grand Promotion officially commenced at 8:00 PM (UTC+8) on May 30, captivating shoppers worldwide with quality products and high-impact deals. In the first hour, Gross Merchandise Volume (GMV), total orders, and active shoppers all increased by more than 200% year-over-year (YoY). More than 20,000 brands recorded over threefold growth in GMV YoY. JD.com Further Strengthens Its Leading Position in Home Appliances and Electronics GMV in the home appliance and electronics categories surged over 380% YoY in the first hour. Apple, Xiaomi, Midea, Huawei, and Haier each surpassed RMB 100 million in GMV very quickly within the first hour of the promotion. GMV for over 10,000 trending electronics products increased more than tenfold. Meanwhile, over 500 home appliance and home living brands also saw GMV grow more than tenfold YoY. Daily Essentials Category Demonstrates Robust Growth JD Super, JD.com’s fast-moving consumer goods division, reported that GMV for new products doubled across more than 1,000 brands. GMV for cooking oil surged by 33 times YoY, while it increased tenfold for paper products. GMV for both feminine hygiene and laundry care products increased by threefold. Meanwhile, pet food for cats and dogs saw GMV grow 422% YoY. In addition, over 600 apparel and footwear brands and more than 500 beauty brands recorded over 100% YoY growth. Tiffany, BVLGARI, and Dior each achieved more than fivefold growth. Cross-Border and Global Sales Show Accelerated Momentum In the first hour of the promotion, sales of imported wine on JD Worldwide rose more than threefold YoY. Among leading fragrance brands, Versace, Penhaligon’s, and Chanel saw YoY sales increases of over 300%, 200%, and 170%, respectively. Japanese sake brand Hakutsuru recorded fourfold YoY growth. GMV and order volume in Hong Kong and Macao increased over 7 times YoY. Categories such as refrigerators, flat screen TVs, washing machines, air conditioners, and graphics cards all saw over 20-fold GMV growth. Products from Apple, Xiaomi, Midea, and JD’s private label, J.Zao, were especially popular among Hong Kong customers, with GMV increasing by more than 12 times YoY. In global markets, JD Global Sales, JD.com’s cross-border e-commerce business for overseas Chinese customers, reported a ninefold YoY increase in GMV during the first 20 minutes of the promotion, with orders rising more than threefold. Jewelry orders grew by 16 times, GMV of digital products increased nearly four times, GMV of home appliances grew by more than three times, and orders for computers and office products increased 210%. Notably, users in Singapore showed strong demand for JD.com’s high-quality products, with order volume rising by over 7.7 times YoY. Advanced Technologies Ensure a Seamless Shopping Experience JD Cloud continues to power the 618 Grand Promotion with cutting-edge technologies. In the first hour of the promotion, usage of JD Cloud’s JoyBuild large language model (LLM) development platform surged 242% compared to the same period during last year’s Singles Day promotion. LLM capabilities have been deeply integrated across the entire 618 event. This year, JD Cloud opened five major AI-powered marketing tools to third-party merchants free of charge for the first time. Its digital representative technology has served over 13,000 brands, while Jingxiaozhi 5.0, JD’s AI-powered merchant service platform, now supports over 900,000 merchants. JD Logistics Ensures Nationwide Fulfillment with Technology at Scale To support this year’s 618 event, JD Logistics (JINGDONG Logistics) deployed its largest-ever rollout of advanced technologies across its national intelligent logistics infrastructure. The company’s cutting-edge solutions, including its goods-to-person systems, autonomous delivery vehicles, automated rebin walls, AI Brain, and smart sorting systems, were implemented at scale to ensure speedy and accurate delivery in more than 400 cities. ( [email protected] )
JD Global Sales Kicks Off 618 Global Shopping Festival with Premium Products and Expanded Free Shipping
Cathay Pacific and Sinopec join forces in a sustainable aviation fuel initiative
Towngas and HKCS host rice dumpling-wrapping event for “elders with emigrant children” to connect them with the community and spread festive care
- June 3, 2025Business
AWC and Chiang Mai Marriott Hotel Support Chiang Mai’s Journey to UNESCO World Heritage Status, Reaffirming a Commitment to Promoting Chiang Mai as a Global Sustainable Tourism Destination
Asset World Corp Public Company Limited (AWC), Thailand’s leading integrated lifestyle real estate group, reaffirmed its commitment to sustainable tourism by joining a landmark MOU signing ceremony with 14 key organizations aimed at enhancing Chiang Mai’s bid for UNESCO World Heritage status. The agreement focuses on the management of Chiang Mai’s cultural heritage sites, landscapes, and monuments across the ancient Lanna capital, marking a pivotal step toward the city's formal nomination. The signing ceremony was hosted in the “Plaii Ballroom” at Chiang Mai Marriott Hotel, part of AWC’s premium hospitality portfolio. As the world’s first immersive ballroom featuring 360-degree LED technology, the venue exemplifies how innovation can bring heritage to life, blending global standards with local identity. Distinguished guests included Mr. Nirat Phongsitthithaworn, Governor of Chiang Mai Province; Mr. Pichai Lertpongadisorn, Chief Executive of the Chiang Mai Provincial Administrative Organization; and Mr. Michael Hariz, Chief Commercial Business Officer, Asset World Corp Public Company Limited (AWC). AWC supports Chiang Mai’s ambition to become a global sustainable tourism destination, joining a 14-party collaboration to drive UNESCO World Heritage nomination through the preservation and development of Lanna culture. The 14-party MOU signing ceremony was held at the “Plaii Ballroom” at the Chiang Mai Marriott Hotel – the world’s first immersive ballroom – showcasing iconic stories of Lanna heritage through cutting-edge technology. “It is an honor for AWC to contribute to this milestone event uniting all sectors to advance Chiang Mai toward UNESCO World Heritage status. This recognition not only preserves the cultural richness of Lanna but also promotes sustainable tourism, safeguarding the city’s spirit for future generations. We are proud to support the ceremony at the Plaii Ballroom, where heritage meets innovation. Furthermore, through our ongoing projects such as ‘Lannatique’ and the ‘Chiang Mai Tram by Lannatique,’ we are committed to positioning Chiang Mai as a global sustainable tourism destination,” Mr. Michael Hariz, Chief Commercial Business Officer, Asset World Corp Public Company Limited (AWC) stated. The collaboration supports the preservation and development of Chiang Mai’s historical and cultural landmarks, including 7 significant temples—Wat Chiang Man, Wat Umong, Wat Phra Singh, Wat Suan Dok, Wat Phra That Doi Suthep, Wat Chedi Luang, and Wat Jed Yod—as well as ancient city structures such as the moat, walls, and surrounding landscapes. This ambitious initiative is driven by a coalition of local temples, government agencies, and municipal offices such as Chiang Mai Province, Chiang Mai Provincial Administrative Organization, Chiang Mai Municipality, Chang Phueak Subdistrict Municipality, Suthep Town Municipality, the Fine Arts Department, and the Department of National Parks, Wildlife and Plant Conservation, laying a strong foundation for the city’s World Heritage nomination in the future. Held in the “Plaii Ballroom,” the MOU signing ceremony offered an immersive storytelling experience that brought the spirit of Lanna to life. Through 360-degree visuals, the rich cultural legacy of Chiang Mai was showcased in a dynamic and memorable way, reinforcing the importance of heritage in shaping the city’s future. AWC remains committed to driving culture-based sustainable tourism and positioning Thailand as a premier global destination. In Chiang Mai, AWC’s flagship initiative, “Lannatique,” is set to transform the Chang Klan area into a vibrant lifestyle landmark that harmoniously blends Lanna heritage with contemporary art under the concept “The Heart of Lanna Art Movement.” This transformative project celebrates Thai cultural identity, empowers local entrepreneurs, and elevates Northern Thai craftsmanship to the international stage. Enhancing this vision, the “Chiang Mai Tram by Lannatique”—a modern electric rubber-tire tram—will connect key cultural landmarks while fostering inclusive economic growth through reinvestment in local sustainable development. Guided by its commitment to “Building Better Future for All,” AWC believes that preserving cultural heritage alongside enhancing the potential of tourism cities is fundamental to achieving sustainable growth—economically, socially, and environmentally. This approach not only ensures the lasting value of heritage for future generations but also fosters a deep sense of pride in local cultural roots and promotes Thai culture on the global stage in a truly meaningful way.
- June 3, 2025Business
Delta Thailand Reinforces 4IR Leadership and Smart Energy Vision at i-Forum 2025
Delta Thailand reaffirmed its role in advancing industrial automation and sustainable innovation at i-Forum 2025. Held on May 9 by the Faculty of Engineering at Kasetsart University in Bangkok, the forum focused on the theme “Leading the 4IR Revolution: Key Lessons from the WEF Global Lighthouse Network.” The event brought together industry leaders, global experts, policymakers, and academics to explore strategies for enhancing Thailand’s industrial competitiveness through Fourth Industrial Revolution (4IR) technologies. During a panel discussion, Mr. Sann Laohakullawudhi, Senior Manager of Industrial Automation, Delta Thailand, shared Delta’s practical approach to transformation: “Digital transformation starts with a clear purpose. At Delta, we implement technology in phases to ensure measurable impact and long-term value. True 4IR success also means empowering people not just upgrading machines.” The Fourth Industrial Revolution (4IR) represents a shift in industrial capability driven by technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and data analytics. A central reference point at the forum was the World Economic Forum’s Global Lighthouse Network an international group of manufacturers recognized for successfully applying 4IR technologies at scale to achieve innovation, operational excellence, and sustainability. The forum was officially opened by Assoc. Prof. Dr. Wanchai Yodsudjai, Dean of the Faculty of Engineering, who highlighted its role in supporting Thailand’s transition to smart manufacturing. Dr. Damrong Sripraram, Acting President of Kasetsart University, emphasized the importance of industry-academic collaboration in driving innovation. Representing the Thailand Board of Investment (BOI), Ms. Sudhasinee Samit, Executive Director of the Investment Strategy and Policy Division, spoke on aligning investment strategies with national goals for high-tech and sustainable industrial growth. Attendees at the forum explored advanced solutions in IT/OT integration, intelligent automation, and smart energy management through Delta’s showcase. The company’s end-to-end technologies enable data-driven operations, improve efficiency, and support carbon reduction goals. These solutions are already deployed across various sectors in the region, helping enhance responsiveness and optimize resource use in smart factories. Delta views education-industry collaboration as an important way to support engineering talent development in Thailand. The Delta Power Electronics Laboratory, already established in four leading Thai universities including Kasetsart University, will expand to seven universities later this year. Through this program, more than 100 students annually receive hands-on training in industrial automation and energy systems using real-world tools and technologies. While the program does not require students to join Delta after graduation, it helps equip future engineers with practical experience that contributes to strengthening Thailand’s high-tech talent pool. Looking ahead, Delta remains committed to its sustainable development plans, which include regional industrial development, smart energy integration, and nurturing Thailand’s next generation of engineers and innovators.
- June 3, 2025Business
Axiata reports profit of RM160 million supported by merger synergies, operational excellence and forex gains, strengthens cashflow
Key Financials for 1Q25 Reported PATAMI increased by more than 100% YoY, boosted primarily by lower D&A, forex gains, lower net finance costs and higher contribution from CelcomDigi. The Group generated an increase in operating free cash flow which surged to RM815.4 million, an increase of 73.7% YoY. Cash balance stands at RM5.0 billion, reflecting a robust balance sheet. Revenue declined 11.3% YoY due to lower contributions from most OpCos except Boost, primarily impacted by forex translation as Ringgit strengthened against operating currencies; on a constant currency basis, the YoY decline was a softer 2.3%. Underlying PATAMI fell by 17.4% YoY, mainly due to reduced contributions from some OpCos and a revaluation of a non-strategic digital innovation fund investment. Net Debt/EBITDA held steady at 3.00x YoY due to a reduction in borrowings and leases, (partially due to forex translation), and an increase in cash, which together offset a lower annualised EBITDA. Company received RM283.4 million in dividends from all OpCos. Key Highlights for 1Q25: Axiata's 5*5 Strategy in Action Synergies delivery of CelcomDigi CelcomDigi delivers RM119.3 million in share of profits, a QoQ increase of over 100%. Strong momentum in 1Q25 driven by growth across key segments like Postpaid, Home & Fibre, and Enterprise while managing Prepaid challenges. Crucially, integration and transformation efforts are progressing well and projected to unlock RM700 million in annual run-rate synergies by 2027. Structural transformation in Indonesia New jointly controlled entity, XLSMART1 strengthens competitive edge and market standing. XLSMART is now focused on the integration phase, which is set to deliver pretax cost synergies of USD300 to USD400 million annually. Building business resilience in frontier markets Integration of Dialog2 and Airtel is significantly ahead of schedule. Integration and cost management measures continue to deliver results. Cost re-scaling and strict budget controls led to a 20.6% decline in total costs, driving EBIT and PATAMI growth of over 100% and 49.2% respectively. Frontier markets reduce USD exposure yet maintain net positive USD balance. Robi3, Dialog and Smart4 delivered strong profit growth and positive cash flow, reinforcing their balance sheets and signaling a healthy market recovery. This de-risking approach secures their long-term stability against weakening currency and macroeconomic pressures. Creating sustainable value through infrastructure Link Net5 clinches new homes passed orders from third party ISPs, demonstrating its growing appeal. Its second full quarter as a FibreCo following its delayering from XL Axiata6 in late Sept 2024 reflects its significant business model shift. While YoY revenue and EBITDA both declined by 11.2% and 57.0% respectively (primarily due to the transfer of residential customers to XL Axiata in Q3 2024), the company achieved positive QoQ momentum. Strategic cost initiatives boosted EBITDA by 75.3%, EBIT by 33.2% and PATAMI by 7.5%. Illuminating the value of digital businesses Boost's7 non-bank segment is on path to profitability, while banking grows loan book. Non-bank and bank activities grew revenue by 36.0% YoY, driven largely by Boost Life & Credit and the Bank. As the Bank expands, costs rose by 89.6%, mainly driven by ongoing investments in talent and IT. The Bank's loan book reached closed to RM150 million as of end April. ADA8 delivers strong net revenue growth in 1Q25, with improved margins driving higher EBITDA and EBIT. While gross revenue from customer engagement segment slightly declined due to a shift in the revenue mix. Improvement in the net revenue margin flowed through to higher EBITDA and EBIT. Overall, the company continues to demonstrate positive momentum, with YoY PATAMI surging 61.1%. Axiata Group Berhad ("Axiata" or "the Group") today announced a robust year-on-year ("YoY") increase in its Profit After Tax and Minority Interest (PATAMI) for the first quarter of 2025. This strong performance is a testament to the Group's focused execution of its 5*5 strategy, now into its second year, and significant strides in its long-term strategic portfolio ambitions. PATAMI grew by over 100% YoY to RM159.8 million, attributed to positive contributions from EDOTCO9, ADA, Dialog, Robi and Smart, along with lower depreciation and amortisation ("D&A"), forex gains, lower net finance costs and a higher share of results from CelcomDigi. Reported revenue declined 11.3% with impact mainly due to forex translation, notably from the depreciation of the Indonesian Rupiah (impacting XLSMART) and Bangladeshi Taka (impacting Robi). On constant currency, Group revenue fell 2.3% with mainly due to Link Net, Robi and ADA. EBITDA dropped by 12.5%, excluding currency effects, the decline was 3.0%. Similarly, EBIT dropped by 12.2% whilst on a constant currency basis of 2.0%. At underlying PATAMI10, all telcos except XLSMART delivered growth, along with CelcomDigi. Underlying PATAMI was impacted by one-off losses, without which, it would have reflected a 7.4% growth. The Group's Net Debt/EBITDA11 held steady at 3.00x YoY, higher compared to the previous quarter as despite improvements in total debt and cash, this was negatively impacted by lower annualised EBITDA. Notwithstanding the decline in EBITDA in the first quarter by 12.5%, a significant capex reduction of approximately RM548.2 million across the OpCos helped drive cash flow higher to RM815.4 million. Axiata's first quarter of 2025 saw substantial progress toward its strategic long-term and medium-term portfolio ambitions, driven by a sharper portfolio mindset. The Group is advancing its strategic framework structured around four core pillars: driving profit growth in frontier markets, realising full synergies from its jointly controlled entities, executing focused monetisation plans for infrastructure assets, and relentlessly building value within its digital companies. Both of Axiata's jointly controlled entities are actively integrating, with significant progress toward realising expected synergies. CelcomDigi is projected to deliver RM700 million in annual run-rate synergies by 2027, while XLSMART is anticipating annual pre-tax synergies of USD300 to USD400 million by 2027. Axiata's frontier market assets: Robi, Dialog and Smart, successfully navigated volatility, delivering strong profit growth and positive cash flow while increasing their operational resilience. The Group is also focused on illuminating and monetising its infrastructure businesses, EDOTCO and Link Net. These initiatives aim to drive long-term sustainability, attract new capital, reduce debt, and fund profitable growth. Meanwhile, Axiata's digital businesses continue to perform well. ADA recorded good growth and margin development, while Boost's non-bank segments are accelerating toward profitability. All digital businesses, except Boost Bank, are firmly on track to achieve profitability by the end of the year. This strategic framework aligns with Axiata's 2025 portfolio roadmap, which strategically refocuses its assets into two clear pathways. Long-term strategic assets, including CelcomDigi Berhad, XLSMART, Robi, Dialog, and Smart, will drive operational excellence and market consolidation to deliver improved return on invested capital and enhanced shareholder yield. Concurrently, medium-term value illumination and monetisable assets, such as EDOTCO, Link Net, Boost, and ADA, will focus on attracting new capital investments, with proceeds strategically dedicated to reducing Holding Company debt. As a direct reflection of its operational excellence, successful market repair efforts, and strategic consolidation, Axiata received RM283.4 million in dividend earnings this quarter. These results are instrumental in Axiata's transformation into a Converged Connectivity leader in Southeast and South Asia, underpinned by a sharp focus on improving cash flow and overall profitability. Commentaries Tan Sri Shahril Ridza Ridzuan, Chairman of Axiata said, "The Group's operational start to the new financial year clearly demonstrates our commitment to creating value from our portfolio of businesses. This quarter's performance highlights Axiata's ability to adapt, integrate and grow in a dynamic regional landscape, even amidst macroeconomic volatility." "With a solid financial footing, strategic clarity, and strong leadership across our markets, we are laying the groundwork for enduring relevance in Southeast and South Asia's digital future. The Board remains focused on ensuring governance strength, strategic discipline, and longterm resilience as we continue to shape the next chapter of the Group." Vivek Sood, Group Chief Executive Officer and Managing Director of Axiata said, "Despite a challenging first quarter marked by market volatility and macroeconomic headwinds, we took decisive steps to reposition Axiata toward its long and medium-term portfolio objectives. We are confident that our strategic framework, focused on strengthening connectivity and convergence businesses while streamlining our portfolio for value creation and monetisation, will enable us to capitalise on significant market opportunities. This disciplined approach will deliver enhanced shareholder value and solidify Axiata's position as a Converged Connectivity leader in the region." Appendix: Operating Company Performance Summary For detailed insights into the performance of individual operating companies, please refer to the summary below. Digital Telcos12 XL Axiata's 1Q25 performance impacted by continued pricing pressure. Revenue grew by 1.9% YoY, driven by contributions from home internet segment, total subscribers and data traffic. A change in business portfolio also led to a 7.4% YoY increase in operating expenditure in Q125 which flowed through to impact EBIT which declined by 1.0% and PATAMI which dipped by 28.6% YoY. Robi faced headwinds from economic stress. Revenue declined by 7.0% due to continued macroeconomic challenges in Bangladesh, with degrowth in revenue generating base by 2.9% YoY and ARPU which declined by 3.9% YoY, leading to lower EBITDA. PATAMI increased by 17.6% YoY mainly due to lower D&A, net finance costs and taxes. Dialog's accelerated integration and prudent cost management continues to deliver results. Revenue remained flat on stable mobile data and fixed broadband ("FBB"), while Airtel consolidation and cost re-scaling away from non-core areas drove a 20.6% decline in total costs, resulting in EBIT soaring by over 100% and PATAMI growing by 49.2%. Smart's strong ARPU performance continues to deliver stable growth and profits. Revenue increased 3.6% YoY, driven by prepaid growth, while EBITDA grew by 11.8% YoY due to a 7.8% reduction in overall direct costs. Direct and opex cost savings contributed to a 7.0% YoY growth in PATAMI. Infrastructure Link Net's QoQ performance more reflective of steady state. YoY revenue, EBITDA and EBIT declined by 11.2%, 57.0% and over 100.0% respectively, as its business model shifted to a FibreCo. The ongoing expansion of home passes is expected to boost future value. EDOTCO’s tenancies continue to grow, yet forex dampens revenue performance. Revenue in 1Q25 was impacted by forex translation due to a stronger Malaysian Ringgit against the Bangladeshi Taka and Philippine Peso. However, a recovery in EBIT was mainly driven by lower D&A from extension of useful life of the towers. Lower finance costs, forex gains and reduced tax charges boosted PATAMI by over 100%. Digital Businesses Boost's non-bank segment on path to profitability, while bank segment grows loan book. Revenue grew 36.0% YoY, driven by non-bank and bank segments. Total costs increased by 89.6%, mainly due to talent and IT costs, impacting EBIT and PATAMI. ADA delivers strong PATAMI growth. 1Q25 gross revenue from the customer engagement segment declined due to a shift in the revenue mix. Improvement in net revenue margin flowed through to increasing EBITDA by 79.8% and EBIT by over 100% YoY. Higher tax on improved profit before tax trimmed PATAMI growth. 1PT XL Axiata Tbk (known as PT XLSMART Telecom Sejahtera Tbk from 16 April 2025) 2Dialog Axiata PLC 3Robi Axiata Limited 4Smart Axiata Company Limited 5PT Link Net Tbk 6PT XL Axiata Tbk 7Boost refers to Boost Holdings Sdn Bhd and its subsidiaries 8ADA refers to Axiata Digital & Analytics and its subsidiaries 9EDOTCO Group Sdn Bhd 10Underlying PATAMI excludes forex related (forex/derivative gains/losses, hedging cost), XL Axiata gain on disposal of towers, PPA amortisation, tax impact on delayering of XL Axiata and Link Net, and excludes EDOTCO Myanmar 11Net Debt/ EBITDA excludes EDOTCO Myanmar 12Growth numbers for OpCos are based on results in local currency in respective operating markets -END- About Axiata Axiata is a leading Converged Connectivity Group in Southeast and South Asia, strategically blending its digital telco operations with digital businesses and infrastructure. With two jointly controlled entities in Malaysia (CelcomDigi) and Indonesia (XLSMART), the Group holds controlling stakes in mobile and fixed operator companies in Sri Lanka (Dialog), Bangladesh (Robi), and Cambodia (Smart). Axiata's regional digital business verticals comprise Boost a fintech company, and ADA, a digital analytics and AI company. Link Net, its fibre broadband company based in Indonesia and EDOTCO, the sixth largest independent tower company operating across nine countries, complement Axiata's portfolio, ensuring robust connectivity and infrastructure support across the region. Axiata, a committed long-term investor, empowers regional progress by championing innovative technology and bridging the digital divide. The Group actively supports young talent, communities, and climate initiatives, striving to unite the region's best in innovation and connectivity to foster a thriving, inclusive, and sustainable future across its markets. Find out more at www.axiata.com Issued By: Corporate Communications Axiata Group Berhad Axiata Corporate Headquarters, Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral 50470 Kuala Lumpur For further information on Axiata visit www.axiata.com For media enquiries, please contact: Sujartha Kumar Head of Corporate Communications Tel: +6011.10.000.177 Email: [email protected]
- June 3, 2025Business
Axiata Group strengthens focus on connectivity and convergence business through market consolidation
Axiata Group Berhad ("Axiata" or "the Group") concluded its 33rd Annual General Meeting ("AGM") today, with shareholders expressing support for the Group's clear focus on sustainable growth. All 10 resolutions tabled during the AGM were successfully passed. The Group reported strong results in FY2024, achieving double-digit growth in Earnings Before Interest, Tax, Depreciation and Amortisation ("EBITDA"), and an over 100% increase in profit. Axiata generated a strong cash flow of RM2.3 billion. Reported EBITDA and Earnings before Interest and Tax ("EBIT") grew by 12.3% and by over 100% respectively, while Profit After Tax and Minority Interest ("PATAMI") jumped by over 100% to RM946.8 million. This was primarily driven by EBIT growth, lower net finance cost from partial early redemption of USD272.1 million of Euro Medium Term Note ("EMTN") and foreign exchange ("forex") gains. In 2024, Axiata solidified its market leadership through effective strategy execution and continued operational enhancements. CelcomDigi, the Group's jointly controlled entity, completed its second full year as a merged company, realising RM1.6 billion in net synergy savings and contributing RM555 million in dividends to the Group, further reinforcing its position as Malaysia's leading telco. In Indonesia, the merger of XL Axiata and Smartfren in April 2025 to create XLSMART has strengthened its competitive edge and market standing. Both companies are expected to see the full impact of synergies in 2027, with CelcomDigi projected to deliver annual run-rate synergies of RM700 million and XLSMART anticipating annual run-rate pre-tax synergies of USD300 to USD400 million. All of Axiata's markets have now transitioned to a three-player structure, with Axiata holding over 25% market share in each and maintaining leadership in three markets. These mergers have cemented Axiata's market leadership in Malaysia, Cambodia, and Sri Lanka, while holding a strong second-place position in Bangladesh. In Indonesia, the Group's jointly controlled entity, XLSMART, is now a close number two player. This positions Axiata as a dominant telco player within the region, driving further growth by capitalising on adjacent opportunities like business solutions and digital businesses. Concurrently, the Group's disciplined capital management has strengthened its overall balance sheet and cash flow, successfully de-risking frontier markets from weakening currency and macro issues, ensuring their long-term stability and sustainable growth. Shareholders' support for Axiata's strategic direction was evident, with all 10 resolutions tabled during the AGM successfully passed. Key resolutions included: Re-election of Directors – Resolutions 1 to 6 During the AGM, Dato Dr Nik Ramlah Nik Mahmood, Dr David Robert Dean, and Maya Hari, each of whom retired by rotation pursuant to Clause 104 of the Constitution, were re-elected as Directors. Shareholders also voted to re-elect Amrit Kaur Kaur Singh, Dr Farid Mohamed Sani and Dr Colin John Patrick Forth each of whom retired pursuant to Clause 110 (ii) of the Constitution. Directors' Fees and Benefits – Resolutions 7 and 8 Shareholders approved the payment of fees and benefits by Axiata and its subsidiaries to the Non-Executive Chairman ("NEC") and Non-Executive Directors ("NEDs") of Axiata from the 33rd AGM until the next AGM. Reappointment of Auditors – Resolution 9 PricewaterhouseCoopers PLT was reappointed as Auditors for the financial year ending 31 December 2025. Proposed Shareholders' Mandate for Recurrent Related Party Transactions ("RRPT") of a Revenue or Trading Nature – Resolution 10 Shareholders approved the RRPT mandate at the AGM, providing the authorisation that enables Axiata to secure revenues from related parties in the course of doing business. Commentaries Tan Sri Shahril Ridza Ridzuan, Chairman of Axiata , said "Axiata achieved solid results in 2024, with the strategic moves of the past two years yielding visible returns. We thank our shareholders for their continued support as we implement the Axiata 5*5 strategy." "The Group remains committed to being a Sustainable Dividend Company. For 2024, the Board declared a dividend of 10.0 sen per share, reflecting Axiata’s ability to generate strong cash flows while pursuing strategic investments for future value creation." "Beyond business sustainability, we continued our community efforts through the Axiata Foundation, contributing RM6.6 million, enriching 4,819 lives. On the sustainability front, our climate action commitment was recognised with our net-zero targets validated by SBTi in June 2024, and we maintained strong ESG ratings from FTSE Russell, FTSE4Good Bursa Malaysia Index, and MSCI." "These achievements demonstrate Axiata’s commitment to generating long-term returns for shareholders." Vivek Sood, Group Chief Executive Officer and Managing Director , said "In FY2024, Axiata strengthened its core connectivity and convergence portfolio while illuminating the value of its digital and infrastructure businesses, establishing a clear path to monetisation in the future." "Moving forward in 2025, Axiata will continue to drive value creation and ensure long-term sustainability as we evolve into a Converged Connectivity Group. The Group aims to deliver a high single-digit total shareholder return per annum, gradually increase dividends from the current 10 cents per annum, and reduce its gearing ratio to below 2.5x net debt to EBITDA by the end of 2026." "The Group plans to achieve its financial targets through consistent cash flow from our market-leading operating companies, strategic portfolio restructuring, and by maximising value from our digital businesses and infrastructure companies by illuminating their value and prioritising their value realisation through potential monetisation. For Axiata, the way forward is clear. As we evolve into a Converged Connectivity Group, we remain focused on creating long-term, sustainable value." -END- About Axiata Axiata is a leading Converged Connectivity Group in Southeast and South Asia, strategically blending its digital telco operations with digital businesses and infrastructure. With two jointly controlled entities in Malaysia (CelcomDigi) and Indonesia (XLSMART), the Group holds controlling stakes in mobile and fixed operator companies in Sri Lanka (Dialog), Bangladesh (Robi), and Cambodia (Smart). Axiata's regional digital business verticals comprise Boost a fintech company, and ADA, a digital analytics and AI company. Link Net, its fibre broadband company based in Indonesia and EDOTCO, the sixth largest independent tower company operating across nine countries, complement Axiata's portfolio, ensuring robust connectivity and infrastructure support across the region. Axiata, a committed long-term investor, empowers regional progress by championing innovative technology and bridging the digital divide. The Group actively supports young talent, communities, and climate initiatives, striving to unite the region's best in innovation and connectivity to foster a thriving, inclusive, and sustainable future across its markets. Find out more at www.axiata.com Issued By: Corporate Communications Axiata Group Berhad Axiata Corporate Headquarters, Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral 50470 Kuala Lumpur For further information on Axiata visit www.axiata.com For media enquiries, please contact: Sujartha Kumar Head of Corporate Communications Tel: +6011.10.000.177 Email: [email protected]
- June 3, 2025Business
Axiata Group Appoints Didi Syafruddin Yahya as Director, strengthening Finance, Investment, and Strategic Competence on the Board
Axiata Group Berhad ("Axiata" or the "Group") has appointed Didi Syafruddin Yahya as an Independent Non-Executive Director ("INED"), effective 1 June 2025. Didi, a seasoned leader in finance, investment banking, and corporate governance, brings over three decades of expertise in strategic financial management, risk oversight, and investment advisory. With a strong academic foundation from the University of Cambridge and a Fellow Chartered Accountant designation from the Institute of Chartered Accountants in England and Wales, he has advised regional and global financial institutions on governance, sustainability, and strategic investments. Currently serving as the President Commissioner at PT Bank CIMB Niaga Tbk and the Senior Independent Director of CIMB Group Holdings Berhad, Didi has been instrumental in strengthening board governance, risk management, and financial strategy. His leadership experience includes senior roles at JP Morgan Malaysia and Indonesia, Morgan Grenfell, and Arthur Andersen & Co., making him a key driver in investment banking and financial sustainability. Didi’s appointment to Axiata’s Board of Directors aligns with the Group’s commitment to financial excellence, strategic expansion, and corporate governance in an evolving digital and telecom landscape. His insights into investment strategy, risk management, and financial transformation will be pivotal in advancing Axiata’s growth. Commentaries Tan Sri Shahril Ridza Ridzuan, Chairman of Axiata , said: "Didi’s extensive leadership experience and financial acumen are highly valuable to Axiata’s future strategy. His expertise in governance, risk oversight, and investment management will strengthen our Board as we continue driving sustainable growth. We are delighted to welcome him and look forward to his contributions." Vivek Sood, Group Chief Executive Officer and Managing Director of Axiata , said: "Didi’s deep understanding of investment strategies, corporate finance, and governance will be instrumental in Axiata’s strategic focus on portfolio alignment and value creation. I welcome him to the Board at a time when Group is going through a transformation and simplification of its portfolio." -END- About Axiata Axiata is a leading Converged Connectivity Group in Southeast and South Asia, strategically blending its digital telco operations with digital businesses and infrastructure. With two jointly controlled entities in Malaysia (CelcomDigi) and Indonesia (XLSMART), the Group holds controlling stakes in mobile and fixed operator companies in Sri Lanka (Dialog), Bangladesh (Robi), and Cambodia (Smart). Axiata's regional digital business verticals comprise Boost a fintech company, and ADA, a digital analytics and AI company. Link Net, its fibre broadband company based in Indonesia and EDOTCO, the sixth largest independent tower company operating across nine countries, complement Axiata's portfolio, ensuring robust connectivity and infrastructure support across the region. Axiata, a committed long-term investor, empowers regional progress by championing innovative technology and bridging the digital divide. The Group actively supports young talent, communities, and climate initiatives, striving to unite the region's best in innovation and connectivity to foster a thriving, inclusive, and sustainable future across its markets. Find out more at www.axiata.com Issued By: Corporate Communications Axiata Group Berhad Axiata Corporate Headquarters, Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral 50470 Kuala Lumpur For further information on Axiata visit www.axiata.com For media enquiries, please contact: Sujartha Kumar Head of Corporate Communications Tel: +6011.10.000.177 Email: [email protected]
- June 3, 2025Business
Tony Fernandes personally sends off Korean national football team ahead of World Cup Qualifier in Iraq
Capital A announced today that its CEO and AirAsia co-founder Tony Fernandes personally sent off the South Korean national football team as they departed for Basra, Iraq, ahead of their crucial FIFA World Cup Qualifier match on 6 June. Tony Fernandes with Son Heung-min as he sends off the Korean National Football Team at Incheon Airport ahead of big match in Iraq. A special charter flight, D7256, operated by AirAsia X, took off from Incheon International Airport at 11:00 AM, carrying the national squad and coaching staff — including Head Coach Hong Myung-bo, Park Hang-seo, Son Heung-min (Tottenham Hotspur), and Hwang In-beom (Feyenoord Rotterdam). As a lifelong football fan and former owner of Queens Park Rangers, Tony Fernandes was at the airport to offer his personal support and encouragement to the players and coaching staff. He said, “I’ve always believed in empowering people and helping dreams take flight — whether through football or helping people travel connecting people to places just as AirAsia has done for the past 23 years. This is a proud moment not only for Korean football, but for Asia. We stand behind the team and wish them the very best as they carry the hopes of a nation into this World Cup qualifier. I’ll definitely be tuning in for the match.” Tony Fernandes is well known among Korean football fans for his connection to Park Ji-sung, whom he signed to Queens Park Rangers in 2012 and later appointed as AirAsia’s global ambassador in 2014. Capital A is the parent company of a broad portfolio of businesses across travel, aviation, logistics and fintech — including AirAsia MOVE, the group’s all-in-one online travel agency platform. The Korean national team is expected to return to Incheon on 6 June on the same charter flight following the match.
- May 30, 2025Business
7NEWS announces new leadership appointments
The Seven Network today announced Sean Power is being promoted to Director of News Integration and Strategy. Mr Power has been an integral part of Seven’s news and public affairs division for seven years. He is currently Director of 7NEWS Sydney and prior to that held the role of Executive Producer of Sunrise , delivering consistent ratings success and growing audience trust. In his new role, commencing Monday, Mr Power will lead the integration of nightly news content across all of Seven’s platforms, ensuring cohesive coverage plans in news programs right across the day, and online via 7NEWS.com.au , 7plus, The Nightly and social platforms. In addition, he will oversee the network’s major news events in partnership with National News Desk Director and Foreign Editor Hugh Whitfeld. He will also act as the key liaison between Programming, Communications and Marketing to amplify news brands across the network. Seven’s Director of News and Current Affairs, Ray Kuka, said: “This critical role will mean 7NEWS has a clear plan to make our first-class journalism sing not just on broadcast but also online. “So much of our incredible news gathering ends up on the cutting room floor. Sean will enhance our delivery of news and make sure our audiences everywhere know about our exclusive and investigative content. He will also be charged with working with Sales and Partnerships to fund new programs as 7NEWS invests in the solid future of television.” The new role will see Mr Power relocate to his hometown of Melbourne, to begin work on a new national program to be broadcast from Seven Melbourne’s brand new, state-of-theart studios. Mr Power said: “It’s a privilege to work alongside Australia’s sharpest journalists. We’re building on the best of 7NEWS – sharpening our storytelling, growing our audience, and driving the next chapter with purpose and pace.” Current 7NEWS Sydney Executive Producer Geoff Dunn will step into the News Director role in an acting capacity while a re-structure is finalised. Mr Dunn has worked in the Sydney newsroom for more than two decades and brings a deep understanding of both the city and the team. He knows the heartbeat of both the newsroom and Sydney, and with the respect of his colleagues and a clear understanding of the team’s strengths and challenges, is uniquely placed to lead this interim phase. The news team also confirmed the departure of Gemma Acton, currently Director of News Operations, who is relocating with her family overseas to Dubai for a new career opportunity. Mr Kuka said: “We want to thank Gemma for her outstanding contribution over the past seven years – both in front of and behind the camera. Her dedication, professionalism and mentorship have had a lasting impact on so many, and she leaves with our warmest thanks and very best wishes for this exciting new chapter for her and her family. “Gemma’s held onto this news for a while now, so I appreciate her taking the time to hand over parts of her role while preparing for her overseas move in two weeks.” For more information, please contact: Brittany Stack Head of Communications – News & Public Affairs, Partnerships & Community M: 0410 724 424 E: [email protected] Kaycie Bradford Communications Director, Corporate M: 0400 002 664 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 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 and platforms, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; 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, Dancing With The Stars, 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.
- May 30, 2025Business
EVT appoints Stella Blythe as Senior Vice President of Development, Asia
Part of the team leading EVT’s expansion into the dynamic and fastest-growing region of the world, Blythe brings over a decade of knowledge in hotel valuation and brokerage experience across EMEA and APAC. Named the International Society of Hospitality Consultants Rising Star in 2024, Blythe was most recently Director of Hotels & Hospitality, Capital Markets at CBRE Asia, based in Singapore. Stella Blythe, EVT Senior Vice President Asia, said: “As the new Senior Vice President of Development for Asia at EVT, I'm incredibly excited to help drive our strategic growth in the region and deliver significant value to our partners. EVT distinguishes itself as a true hotel operator, utilising our owner-operator mentality to optimise asset performance and maximise returns for our owners. Our proven operational excellence, coupled with award-winning brands QT and Rydges, positions us to achieve sustainable growth and superior results in Asia's dynamic hospitality sector." Norman Arundel, Director of EVT Hotels & Resorts, said: “ We’re thrilled to welcome Stella to the EVT team - a pivotal and highly strategic appointment that strengthens our position as we expand into one of the world’s most active growth regions. As EVT invests more time in the region, I look forward to working with Stella to help shape what comes next. With her deep experience and far-reaching network, Stella brings both insight and influence to our efforts on the ground.” Blythe officially joins the EVT team on 3rd of June, based in the QT Singapore office.
- May 30, 2025Business
JD Super Forges Key Partnerships to Boost Global Meat Imports in China
On May 20, at SIAL China, Asia’s largest food and beverage trade fair, JD Super, the supermarket division of JD.com, took a major step in strengthening global meat trade flows into China. The platform announced strategic collaborations with Argentina’s Beef Promotion Institute (IPCVA) and leading frozen meat importer Linking Fresh, reinforcing its commitment to bringing high-quality imported proteins to Chinese consumers with greater efficiency, transparency, and freshness. Bringing Argentina’s Finest Beef to Chinese Tables Chinese consumers’ appetite for Argentina’s renowned grass-fed beef continues to grow, and JD Super has been at the forefront of meeting this demand. Following successful omnichannel collaborations, including a livestream event last September in which JD’s procurement and sales managers specializing in meat curation educated consumers about Argentine beef cuts and preparation methods, JD Super’s new agreement with IPCVA will significantly expand the products’ availability. Leveraging JD’s nationwide logistics network and 600 million active users, the partnership aims to make Argentine beef more accessible to households across China. Powering the Future of Meat Imports JD Super’s collaboration with Linking Fresh represents a major step forward in the cross-border meat trade. With connections to over 300 global suppliers and annual import sales topping RMB15 billion, Linking Fresh brings unparalleled sourcing capabilities to the table. Combined with JD Super’s massive retail platform, advanced cold-chain infrastructure, and digital marketing expertise, the partnership will streamline the introduction of international meat brands to Chinese consumers. The model builds on JD’s proven track record with global food brands such as Zespri for kiwifruit and Dole for pineapples. Strategic Expansion Underway In the coming months, JD Super and Linking Fresh will onboard several premium meat brands to JD’s platform, including Brazil’s BRF and Marfrig, Australia’s Kilcoy, Argentina’s Arre Beef and Chile’s Agrosuper. The partners are planning targeted marketing campaigns, including special Argentine Beef Week promotions to drive consumer engagement. These partnerships solidify JD Super’s position as the gateway for global food brands entering China, offering suppliers both market access and growth potential. The move comes as JD continues to strengthen its fresh food business, one of its fastest-growing divisions. ( [email protected] )
- May 30, 2025Business
Cathay Pacific introduces new ‘Chinese Classics’ dining offerings for Business class customers
Cathay Pacific was delighted to host a special tasting event on 28 May, presenting its new “Chinese Classics” dining offerings inspired by the Eight Great Cuisines of China for its Business class customers. Complementing the airline’s “Hong Kong Flavours” and “International Favourites” offerings, the new “Chinese Classics” menu seeks to provide a diverse culinary experience for customers, while showcasing Cathay Pacific’s leadership and innovation in inflight dining. With a profound appreciation for China’s rich culinary heritage, Cathay Pacific masterfully incorporates the essence of China’s eight great regional cuisines into its inflight dining, connecting the world to Chinese culinary culture through its global network. Showcasing the allure of Chinese culture through culinary delights As the cornerstone of Chinese culinary culture, the Eight Great Cuisines of China embody the diversity and storied traditions of Chinese food. The “Chinese Classics” menu encompasses dishes from Sichuan, Fujian, Jiangsu, Zhejiang, Shandong, Guangdong, Anhui and Hunan, redefining inflight dining with innovative concepts and exceptional quality. To meet the unique demands of inflight catering, Cathay’s culinary team conducted thorough research on the flavour profiles, ingredients, cooking techniques and cultural heritage of these regional cuisines. The team carefully curated the ingredients and refined cooking methods to ensure that the dishes retain their authentic flavours and visual appeal at high altitudes. The new menu adheres to rigorous quality control standards and embodies the wisdom of Chinese culinary traditions, providing customers from all over the world with an immersive experience that fosters a deeper understanding of Chinese culture. The event was attended by Cathay Director Customer Travel Erica Peng (fourth from left), General Manager Corporate Affairs Andy Wong (fourth from right), General Manager Chinese Mainland, Corporate Affairs and Marketing Communications Carol Sun (third from left), and General Manager Customer Experience Design Guillaume Vivet(third from right), joined by the airline’s culinary design chefs and cabin crew. Culinary design chefs from Cathay Pacific’s Customer Experience Design department shared the concepts behind the “Chinese Classics” inflight menu at the tasting event. Cathay Director Customer Travel Erica Peng said: “Our ‘Chinese Classics’ menu complements our already popular ‘Hong Kong Flavours’ and ‘International Favourites’ options, showcasing rich Chinese cultural heritage to all our customers. These dining offerings are meticulously crafted, vibrant in both flavour and presentation. We hope that these iconic dishes can offer our customers a taste of home and warm their hearts whenever, wherever they fly with us.” Elevating service quality through culinary culture From April 2025, Cathay Pacific has progressively introduced its “Chinese Classics” offerings in its Business class cabin, debuting on selected outbound flights from Hong Kong to the Chinese Mainland. The menu features a new dish each month, bringing fresh and authentic Chinese flavours to customers from around the world. The airline plans to introduce dishes from Sichuan, Fujian, Jiangsu and Zhejiang this year, with a complete rollout of the eight regional cuisines expected in 2026. Additionally, the offerings will be progressively extended to other routes and cabins. To promote cultural exchange, Cathay Pacific will be releasing a three-part documentary series in July, enabling customers to better understand the heritage and craftsmanship of Chinese culinary culture by exploring the design concepts, cultural roots and creative process behind the dishes. Meanwhile, the “Hong Kong Flavours” menu has been introduced across all Cathay Pacific cabins and in selected lounges, with special Chinese wines and teas also available inflight to create a multi-layered experience. In addition to showcasing international culinary delights, the airline also continues to enhance its services and products, as part of its efforts to reinforce its inflight dining expertise through innovation and become the world’s best premium airline. Enhancing products and services to create a world-leading customer experience Cathay has committed over HK$100 billion in investments into its fleet, cabin products, lounges and digital innovations. To expand its global network, the Group is focused on reaching 100 passenger destinations worldwide within the first half of the year. On the ground, The Bridge at Hong Kong International Airport has recently reopened its doors with a redesigned lounge experience, while a flagship lounge in Beijing is set to open this summer. Cathay Pacific’s first dedicated lounge at New York’s John F. Kennedy International Airport will be unveiled in 2026. From August 2025, Cathay Pacific will offer both 100% seatback inflight entertainment and 100% high-speed inflight Wi-Fi connectivity across its fleet, providing customers with a smooth and seamless experience during their flights. Looking ahead, Cathay Pacific will continue to refine its “Chinese Classics” offerings, focusing on quality dining options while showcasing the unique charm of Chinese culture on the international stage. For more information on Cathay Pacific’s inflight dining offerings, please visit www.cathaypacific.com . Cathay Pacific's ‘Chinese Classics’ dining offerings Fujian Jiangsu
- May 30, 2025Business
Cathay Dining unveils an innovative Food Waste Segregation Warewash System with sustainability and operational enhancement
Cathay Dining, a subsidiary of the Cathay Group and a leading flight kitchen, proudly announces the launch of its newly redesigned warewash system, becoming the first airline caterer in Hong Kong to support the recycling of inbound food waste. This significant investment underscores Cathay Dining’s dedication to sustainability and operational excellence, demonstrating Cathay’s pursuit of leadership in these areas. "We are proud to lead the way in sustainable practices and operational excellence within the inflight dining industry," said Cathay Dining Chief Executive Officer Agatha Lee. “By reducing utility consumption and featuring an innovative food waste segregation design, this new system future-proofs operations and enables us to meet the evolving needs of our customers with a focus to sustainability – highlighted by the recycling of inbound food waste.” Setting a New Benchmark in Food Waste Recycling and Utility Consumption With the introduction of the new inbound food waste collection and recycling facility, Cathay Dining has increased its food waste recycling capacity by 200%, demonstrating its commitment to environmental responsibility and innovation in waste management. The new design features dedicated conveyors and compactors that segregate food waste from general waste. The collected food waste is transferred to the Organic Resources Recovery Centre (O·PARK) nearby for anaerobic digestion and electricity generation. The O·PARK facilities can process up to 500 tonnes of food waste daily, generating surplus electricity capable of powering approximately 8,000 households annually. As a significant step towards reducing utility consumption, the newly designed system separates the stripping and washing processes. The washers operate only when the equipment reaches a pre-defined threshold, optimising the utilisation of washers and minimising unnecessary operation. According to the warewash system specifications, handling capacity, and operational requirements before and after the system replacement, the new system is estimated to achieve notable utility savings, with up to a 70% reduction in electricity consumption and nearly a 60% reduction in water use under the current operating conditions compared to the old system. Advancements in Operations and Workplace Safety The new system comes as the solution to one of the most common challenges in the industry - dynamic demands of equipment washing. In the new system, multi-purpose washers can handle different types of equipment simultaneously, offering a greater adaptability and flexibility of warewashing. Combined with a separate equipment sorting process, the newly designed system achieves over a 20% increase of machine utilisation. Complemented by dedicated equipment washers and meal cart washers, Cathay Dining provides a comprehensive and reliable solution for its customers. At the heart of Cathay Dining’s operations is our strong commitment to creating a safe working environment for employees. With the installation of Methyl Methacrylate (MMA) flooring, which features anti-slip properties, along with upgrades to the lighting panels and the ventilation system, the risk of slips and falls is significantly reduced. These improvements ensure a safer workplace and foster a more productive environment for the team. Cathay Dining’s proactive approach to sustainability and operational excellence reinforces the Cathay Group’s goal of being a leader in the industry. By implementing innovative solutions, Cathay Dining demonstrates a holistic approach that benefits its team, customers, and addresses the environment impacts associated with our operations. For more information about Cathay Dining, please visit www.cathaydining.com .
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