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ASMPT Announces Strategic Optimisation of its Manufacturing Operations
ASMPT, a global leader in semiconductor and electronics manufacturing, announced today a strategic optimisation of its manufacturing operations in China. ASMPT has decided to close ASMPT Equipment (Shenzhen) Co., Ltd. (先進半導體設備 (深圳) 有限公司) in Bao’an, Shenzhen. This facility is part of the company’s Semiconductor Solutions Segment, and the closure affects approximately 950 staff. This was a tough but necessary decision to optimise ASMPT’s global supply chain to better align it with evolving market dynamics and customer needs. It is expected to improve the cost competitiveness, agility and resilience of ASMPT’s global manufacturing operations for its key products and solutions. ASMPT is committed to treating all affected employees with fairness, dignity and respect. Comprehensive support measures are being put in place to assist impacted staff through the transition. ASMPT’s other key global manufacturing operations are unaffected by the closure. Its supply chain is fully aligned to ensure uninterrupted delivery to all customers, with no impact on the quality or availability of its products and services. This strategic alignment reflects the company’s continued commitment to operational excellence, responsible business practices and sustainable long-term growth. About ASMPT Limited (“ASMPT”) ASMPT Limited is a leading global supplier of hardware and software solutions for the manufacture of semiconductors and electronics. Headquartered in Singapore, ASMPT’s offerings encompass the semiconductor assembly & packaging, and SMT (surface mount technology) industries, ranging from wafer deposition to the various solutions that organise, assemble and package delicate electronic components into a vast range of end-user devices, which include electronics, mobile communications, computing, automotive, industrial and LED (displays). ASMPT partners with customers very closely, with continuous investment in R&D helping to provide cost-effective, industry-shaping solutions that achieve higher productivity, greater reliability, and enhanced quality. ASMPT is also a founding member of the Semiconductor Climate Consortium . ASMPT is listed on the Stock Exchange of Hong Kong (HKEX stock code: 0522) and is one of the constituent stocks of the Hang Seng TECH Index, Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under the Hang Seng Composite Industry Indexes, the Hang Seng Corporate Sustainability Benchmark Index, and the Hang Seng HK 35 Index. To learn more about ASMPT, please visit us at asmpt.com Media contacts: Lim Ee Guan, Director Corporate Communications Tel: +65 6450 1445 Email: [email protected] Website: asmpt.com
The Cathay Group announces solid 2025 Interim Results and orders more long-haul aircraft
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NX Global Engineering conducts park cleanup activity
- August 14, 2025Science
Yamaha Motor Begins Joint Research Using Cell Handling Technology with a national research institute - Advancing Next-Generation Automated Experimentation to Promote DX and AX in Research -
Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today its signing of a joint research agreement with RIKEN, a National Research and Development Agency, regarding the application of next-generation cell handling and automation technologies using cell picking and imaging systems. This joint research aims to develop technologies and infrastructure that promote digital transformation (DX) and AI transformation (AX) in research settings. By combining the automation and analysis technology of the RIKEN Center for Biosystems Dynamics Research*¹ (BDR) with Yamaha Motor's cell observation and handling technologies, and utilizing AI, the goal is to standardize work, improve accuracy, and obtain highly reproducible data. The joint research project is scheduled to run from July 2025 to March 2027. This research will focus on developing APIs (Application Programming Interfaces) and data integration platforms that enable the coordination of research equipment software and programs, as well as advancing cell observation and handling technologies. In this collaboration, Yamaha Motor will implement the methodologies and designs developed by RIKEN BDR, and the two parties will work together to explore the social implementation of advanced cell experimentation. These efforts are expected to lead to outcomes such as the establishment of high-precision cell selection technologies, the realization of full automation, and the development of new research approaches through sophisticated cell handling. To meet diverse needs of life science research sites and the growing demands for automation, Yamaha Motor aims to gain further insights through this research to support future functional development and implementation. The Company also develops and provides systems designed for the high-speed, high-precision handling of cell clusters*² and acquisition of image data. These systems feature functions such as automatic cell selection and automatic stitching of surrounding images, aiming to enhance efficiency in research workflows and improve the reliability of collected data. *1 RIKEN Center for Biosystems Dynamics Research (RIKEN BDR): https://www.bdr.riken.jp/en/ *2 Cell clusters refer to single cells or 3D cellular structures such as spheroids and organoids.
- August 14, 2025Science
Fujifilm and HORIBA Co-developed Gene Delivery System to Enhance Productivity in Gene Therapy Manufacturing
FUJIFILM Corporation (President and CEO, Representative Director: Teiichi Goto) and HORIBA, Ltd. (President: Masayuki Adachi) today announced the co-development of a novel gene delivery system that significantly enhances productivity in the manufacture of gene therapy products. Fujifilm has developed the industry’s first*1 continuous electroporation technology*2, which enables high-efficiency gene delivery into cells during the manufacturing process for gene therapy products, boosting productivity by approximately 100 times*3 greater compared to conventional methods. HORIBA played a key role in integrating this technology into a system and plans to release the finalized device to the global market in 2026 or later. Gene therapy is an approach that uses biotechnology to introduce functional genes into the body, targeting the root cause of genetic disorders. This technology is attracting global attention for its potential in treating intractable diseases that currently lack effective treatment options. Although the global cell and gene therapy market is projected to grow at a compound annual growth rate of approximately 30% through to 2030*4, several challenges remain. These include overcoming the technological complexities and inefficiencies of current manufacturing processes as well as high costs associated with research and development. To address these challenges, Fujifilm and HORIBA, two companies with extensive expertise in the life sciences field, joined forces to develop a gene delivery system designed to enhance manufacturing productivity and reduce costs. The development process leveraged Fujifilm’s advanced technologies and process control expertise, honed across a broad range of business fields including biopharmaceuticals, while HORIBA contributed its extensive manufacturing expertise and global support capabilities for industrial applications to oversee the design and production of the system. Following its commercial launch, HORIBA will lead sales and support efforts, focusing on the North American and European markets, where demand for the gene therapy is particularly high. By combining their respective strengths to develop and roll out this system, Fujifilm and HORIBA aim to help solve the pressing societal challenge of unmet medical needs. Background of the Co-Development Project Fujifilm and HORIBA have a history of collaboration across a variety of fields, including bioscience and semiconductors. The two companies have previously engaged in joint research, including those using HORIBA’s sensor technologies to improve the efficiency of pharmaceutical production processes. In 2023, the two companies launched a joint project to develop a gene delivery system (continuous electroporation system) in order to address production challenges in the growing field of gene therapy products. The Continuous Electroporation System Overview of the Continuous Electroporation System In the manufacture of gene therapy products, which involves the introduction of genes into cultured cells, improving the efficiency of the gene delivery process is key to increasing overall productivity. The conventional method, which relies on chemical reactions transfection reagent, faces efficiency challenges due to the complex chemical reactions involved and the difficulty in controlling the interactions between cells and reagents. Fujifilm’s innovative continuous electroporation technology, which was utilized in the project, address these limitations. By applying precisely controlled electrical pulses to cell membranes, it creates minute pores that allow genes to be directly delivered into the cells, significantly enhancing gene delivery efficiency. Furthermore, the system operates in a continuous flow, offering flexibly to adjust throughput and handle production on both small to large-scale. Compared to conventional batch-based methods, this continuous electroporation system can achieve up to 100 times greater productivity, contributing substantially to both manufacturing efficiency and cost reduction in gene therapy production. Conventional Method Gene delivery performed using PEI*5 as a chemical transfection reagent Fujifilm’s Continuous Electroporation Technology Cells suspended in liquid are continuously passed through an electroporation unit where electrical pulses are applied, creating pores in the cell membranes via which genes can be injected directly Comment from Toshihisa Iida, Director, Corporate Vice President, General Manager of Life Sciences Strategy Headquarters At Fujifilm, we are dedicated to supporting pharmaceutical companies and patients through integrated solutions across the drug development lifecycle, guided by our "Partners for Life" principle. The implementation of continuous electroporation technology marks a major step forward, improving gene delivery efficiency while addressing manufacturing cost challenges. By combining Fujifilm's advanced technologies with Horiba's manufacturing expertise, we aim to create a future where gene therapy drugs are accessible to more patients. Through continuous innovation, we strive to advance healthcare and improve the well-being of people around the world. Comment from Masayuki Adachi, President of HORIBA I am delighted that we have succeeded in developing a continuous electroporation system based on Fujifilm’s outstanding technology. The Bio & Healthcare field is essential to future growth, and going forward we will leverage our strength in analytical and measurement technologies, data management capabilities, and global support infrastructure, which we have cultivated in high-volume manufacturing fields such as automotive products and semiconductors, to accelerate the commercialization of this system, thereby contributing to better health and quality of life for many people. *1 Based on research conducted by Fujifilm. *2 A technology that uses controlled electrical pulses to create minute pores in cell membranes, allowing genes to be directly delivered into cells. This enables high-efficiency gene delivery and is anticipated to enhance productivity while reducing costs in the manufacture of gene therapy products. This technology was presented at the 26th Annual Meeting of the American Society of Gene & Cell Therapy held in Los Angeles, U.S., in 2023. *3 Based on internal studies by Fujifilm. Compared to conventional chemical transfection using PEI reagents (as of August 7th, 2025). *4 Estimate by Fujifilm based on data provided by Evaluate Pharma®, January 2025. *5 PEI: Polyethylenimine, a type of polymeric material used as a reagent for delivering genes or proteins into cells. * Please note that the contents including the product availability, specification, prices and contacts in this website are current as of the date of the press announcement and may be subject to change without prior notice.
- August 13, 2025Business
FPT reports robust 3QFY2025 earnings with 90% net profit boost from land sales in Thailand and Vietnam
Frasers Property (Thailand) Public Company Limited or “FPT” announced its operating results for the first nine months of FY2025 (October 2024 – June 2025). FPT generated total revenue of THB 10,336 million, a decrease of THB 81 million or 0.8% compared to the same period last year. It reported a 9MFY2025 net profit of THB 1,196 million, an increase of THB 369 million or 44.6% year-on-year (Y-o-Y). For 3QFY2025 (April – June 2025), revenue was THB 4,038 million, an increase of THB 212 million or 5.5% Y-o-Y, while net profit surged by THB 307 million or 90.6% Y-o-Y to THB 646 million. Mr. Thanapol Sirithanachai, Country Chief Executive Officer of FPT, said, “The company achieved strong growth in both revenue and profit in 3QFY2025. This was driven by effective asset management across its portfolio, rigorous cost control and prudent capital management to maintain stability and liquidity, all under a flexible strategy to navigate the ongoing economic slowdown.” The Residential Business launched three new projects with a combined value of THB 4,200 million in prime locations in Bangkok and other provinces. These include Goldina Sukhumvit– Bearing, a new premium townhome brand located in Bangkok’s East Business District (EBD), and two luxury single-detached housing projects: Grandio Khon Kaen–Mittraphap in Khon Kaen and Grandio Korat–Terminal in Nakhon Ratchasima. Despite the challenging market conditions, the company achieved pre-sales of over THB 1,000 million across all three projects in just two days after launch. For 4QFY2025 (July – September 2025), FPT plans to launch two additional projects worth over THB 3,600 million. The Industrial Business achieved a record-high average occupancy rate of 93% across its portfolio in Thailand and overseas. This was primarily driven by increased demand for factories and warehouses from the relocation of manufacturing bases to Southeast Asia, particularly Thailand, Indonesia, and Vietnam. In 3QFY2025, the company delivered approximately 24,000 sqm of warehouse facilities to e-commerce customers in Vietnam. Moreover, FPT recorded a gain of THB 400 million from land sales in both Thailand and Vietnam, aligning with its strategy to optimise land use. The Commercial Business recorded higher revenue due to increased rental rates from new contract renewals for office buildings and retail spaces. The company has maintained a high occupancy rate of 91%. However, the hotel business experienced a decline in revenue due to the reduced number of Chinese tourists visiting Thailand and the earthquake in late March. Comparison of financial results for a 9-month period (October 2024 – June 2025) Financial performance for the third fiscal quarter (April – June 2025) END About Frasers Property (Thailand) Public Company Limited Frasers Property (Thailand) Public Company Limited (“FPT”), a subsidiary of Frasers Property Group is a leading integrated real estate platform with multi-asset class expertise. FPT’s platform consists of 1) Residential business: developing high-quality housing projects comprising single-detached homes, townhomes, and condominiums in various locations with different segments; 2) Industrial business: leasing ready-built factories and rental warehouse spaces located in strategic industrial and logistics locations throughout Thailand; and 3) Commercial business: managing Grade A office and retail spaces as well as hospitality services, located in Bangkok’s central business district. FPT is also the sponsor and manager of Thailand’s largest industrial REIT, Frasers Property Thailand Industrial Freehold & Leasehold REIT (“FTREIT”), which is focused on industrial and logistics properties in Thailand, while GOLD is a sponsor and property manager of Golden Ventures Leasehold Real Estate Investment Trust (“GVREIT”), a REIT focused on commercial properties. FPT, FTREIT and GVREIT are listed on the Stock Exchange of Thailand. For more information on FPT, please visit: frasersproperty.co.th. About Frasers Property Limited Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$38.9 billion as at 31 March 2025. Frasers Property's multinational businesses operate across five asset classes, namely, commercial & business parks, hospitality, industrial & logistics, residential and retail. The Group has businesses in Southeast Asia, Australia, the EU, the UK and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in 20 countries across Asia, Australia, Europe, the Middle East and Africa. Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties. The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture. For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn. FOR MEDIA QUERIES, PLEASE CONTACT Frasers Property (Thailand) Public Company Limited Panchalee Phimonwong / Pornswan Wutthirakkhajohn T +66 2-483-0492 / +66 2-483-0493 E [email protected] / [email protected]
- August 13, 2025Business
Bangkok Airways Launches Special Sneaker "Bangkok Airways x PUMA" Transforming Frontline Uniforms
Bangkok Airways Public Company Limited, has launched a special sneaker collection for frontline staff: Bangkok Airways x PUMA, under the concept “BE THE FIRST MOVE FOR BETTER TOGETHER.” This collaboration reinforces the identity of Asia’s Boutique Airline and reflects the airline’s commitment to service excellence and innovation in workplace attire. The launch event at Suvarnabhumi Airport was honored by the presence of Ms. Amornrat Kongsawat , Vice President – Sales and Acting Vice President – Marketing at Bangkok Airways; Mrs. Chanthip Thongkanya , Vice President - Office of the President at Bangkok Airways; and Ms. Pornthip Wanichnopparat , Country Manager at PUMA Sports (Thailand). Ms. Amornrat Kongsawat , Vice President – Sales and Acting Vice President – Marketing at Bangkok Airways, said “This marks another significant milestone as Bangkok Airways joins hands with PUMA, a leading global sports brand, to co-create a special sneaker collection for frontline staff under the concept ‘BE THE FIRST MOVE FOR BETTER TOGETHER,’ which perfectly combines lifestyle and functionality. Inspired by PUMA’s popular ‘ROMA’ sneaker model-manufactured from 30% recycled materials, the beautiful and modern design reinforces the identity of ‘Asia’s Boutique Airline’ that is Friendly, Stylish, Reliable and ready to deliver travel experiences filled with Enjoyment.” Mrs. Chanthip Thongkanya , Vice President - Office of the President at Bangkok Airways, said “Bangkok Airways is committed to developing our services and prioritizing the enhancement of our image as Asia’s Boutique Airline. This uniform transformation with sneakers reflects our organizational culture-driven through frontline staff including pilots, cabin crew, ground service staff, as well as reservation and ticketing staff, who are filled with energy and inspiration to deliver excellent service to passengers.” Ms. Pornthip Wanichnopparat , Country Manager at PUMA Sports (Thailand), said “The collaboration between PUMA and Bangkok Airways, a leading regional airline, is not just about launching the first Bangkok Airways x PUMA special sneaker collection in Thailand for frontline staff, but also reflects PUMA’s commitment to being an innovation leader in footwear that perfectly combines modern design with practical functionality. This elevates the wearing experience to new heights for every journey, meeting the lifestyle needs of today’s wearers who live vibrant and colorful lives.” Bangkok Airways’ policy announcement allowing frontline staff to wear sneakers while on duty marks a significant step in enhancing service standards in Thailand’s aviation industry, prioritizing employee health and well-being as part of its sustainable approach to service excellence.
- August 12, 2025Business
Thai Union Reports Record-High Gross Profit Margin of 19.7%, 18% Growth in Earnings per Share in Q2 and Strategic Partnership with Mitsubishi Corporation
Gross Profit Margin (GPM) reached an all-time quarterly high of 19.7% in Q2 and a record for a first half at 19.3%. Q2 2025 adjusted net profit rose 13.2% year-on-year to THB 1.5 billion. H1 2025 adjusted net profit grew 11.2% YoY to THB 2.8 billion. Q2 2025 sales were THB 33.4 billion and H1 2025 sales stood at THB 63.2 billion, reflecting resilience amid challenging market conditions and unfavorable foreign exchange. The Board approved an interim dividend of THB 0.35 per share, representing a 59% payout ratio. Mitsubishi Corporation to increase its stake in Thai Union to 20%, deepening a 30-year partnership to drive global growth and innovation. Thai Union Group PCL today announced its financial results for the second quarter and first half of 2025, demonstrating exceptional resilience and continued growth in profitability driven by a record-high gross profit margin and disciplined cost management translating to an 18% growth in earnings per share for the second quarter. The company also announced a strategic agreement with Mitsubishi Corporation, reinforcing its long-term direction and underscoring the strength of Thai Union as a global leader in marine nutrition. The group posted Q2 2025 sales of THB 33.4 billion, reflecting a 0.7% year-on-year dip in organic sales and a 4.7% unfavorable foreign exchange impact. The ease in organic sales was from weaker frozen product sales in the U.S. However, other businesses – including Ambient, Feed, and PetCare – continued to deliver organic growth. For the second quarter, the Group’s Gross Profit Margin (GPM) hit an all-time high of 19.7%, driven by a favorable product mix and raw material costs. This strong performance lifted the first-half GPM to a record 19.3%. Excluding one-time transformation costs, adjusted net profit for the second quarter grew by a resilient 13.2% year-on-year to THB 1.5 billion. The reported net profit for the quarter was THB 1.3 billion. For the first half of 2025, adjusted net profit increased by 11.2% to THB 2.8 billion, with a reported net profit of THB 2.3 billion. Reflecting the company’s commitment to shareholder returns, the company approved an interim dividend of THB 0.35 per share. Thai Union CEO Thiraphong Chansiri said, “In line with changes in the global trade environment, our strategic transformation is delivering tangible value. We have become a more agile and efficient organization. This focus on strengthening our core operations allowed us to achieve a significant lift in our gross profit margin, proving that we are building a fundamentally stronger company for the future.” Q2 2025 Business Segment Performance Ambient: Sales were THB 16.6 billion, with sales volume remaining stable. GPM improved markedly to 22.0%, driven by favorable fish prices and a successful promotional push for branded products. Frozen: Sales were THB 10.0 billion, impacted by soft shrimp demand in the U.S. However, the feed business remained resilient, and the segment’s GPM reached a solid 11.7%. PetCare: Sales were THB 4.4 billion, with some impact from lower selling prices. But the business showed strong underlying momentum, with sales volume growing 10.0% year-on-year, driven by demand from key customers in the U.S. GPM stood at a healthy 25.6%. Value-added : Sales were THB 2.4 billion. GPM remained strong at 26.3%, driven by higher margins in the ingredients and by-products segments. The U.S. announced a 19% reciprocal tariff on imports from Thailand shipped after August 7. The revised tariff provides greater clarity and relief compared to earlier expectations of a higher rate. In response, the company is leveraging its global manufacturing footprint, with production facilities in 14 countries—including the U.S.—to optimize its supply chain and mitigate potential impacts from tariffs. For example, Thai Union’s plants in the Thailand, Ghana and Seychelles have favorable tariff rates to the U.S. (19%, 15% and 10% respectively), which are competitive with or better than major exporters like Vietnam (20%) and Indonesia (19%). In the first half of 2025, the company also completed its fourth share repurchase program, acquiring 8.98% of its paid-up capital. This reinforces its long-term commitment to delivering shareholder returns. Strategic Agreement with Mitsubishi Corporation Thai Union and Mitsubishi Corporation have entered into a business alliance, deepening a partnership that began in 1991 and reflects a shared commitment to innovation, sustainability, and global excellence. As part of the mutual agreement, Mitsubishi Corporation will increase its stake in Thai Union from 6.19% to 20% (excluding treasury shares) through a general offer. Mr. Thiraphong said, “Thai Union’s strategic alliance with Mitsubishi Corporation is a testament to the strength of our business and our shared vision for the future of the seafood industry. Together, we will accelerate our growth, enhance our competitiveness, and continue to deliver healthy, sustainable products to consumers worldwide. This partnership, built on decades of trust, will benefit all our stakeholders and solidify our position as a global seafood leader.” This alliance creates a powerful synergy to capitalize on growing global demand for seafood and nutritional solutions. It combines Thai Union’s world-class processing capabilities with Mitsubishi Corporation’s formidable procurement and distribution networks to enhance access to competitive raw materials and improve supply chain resilience. The partnership will focus on concrete growth drivers, including strengthening Thai Union’s presence in key markets, combining the two companies’ strengths to grow in-demand seafood categories, and expanding into high-potential segments like pet food, all aligned with evolving consumer trends. There is no change to the overall composition of Thai Union’s major shareholders, as Mitsubishi Corporation was already the fourth largest shareholder and sat on Thai Union’s board. There will be no changes in the senior leadership team either. Furthermore, the partnership reinforces a shared, deep commitment to ESG principles, aligning Thai Union’s SeaChange® 2030 strategy with Mitsubishi Corporation’s rigorous sustainability standards to drive joint progress in responsible sourcing, labor welfare, and environmental stewardship. ### About Thai Union Group Thai Union Group PCL is the world’s seafood leader, delivering high-quality, healthy, and innovative products to consumers around the world since 1977. The company is one of the largest producers of shelf-stable tuna and recorded sales of over THB 138 billion in 2024, supported by a global workforce of more than 44,000. Guided by its vision to become the world’s leading marine health and nutrition company, and its commitment to “Healthy Living, Healthy Oceans,” Thai Union’s diversified business spans ambient and frozen seafood, value-added, alternative proteins, pet care, and sustainable aquaculture feed. Its brand portfolio includes global names such as Chicken of the Sea, John West, Petit Navire, King Oscar, Rügen Fisch and SEALECT. Through its SeaChange® 2030 sustainability strategy, Thai Union is delivering impact for both people and planet. Learn more at www.thaiunion.com . About Mitsubishi Corporation Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries in approximately 90 countries and regions worldwide, as well as a global network of around 1,700 group companies. The corporation’s 10 Business Groups operate across virtually every industry: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution and Urban Development. Through these groups, Mitsubishi Corporation’s current activities have expanded far beyond its traditional trading operations to include project development, production and manufacturing operations, working in collaboration with trusted partners around the globe. For more information please contact: Kanyarat Kiatchairin Email: [email protected] Phone: 064-949-6594
- August 12, 2025Business
AWC Reports Strong Q2/2025 Growth with Net Profit of THB 1,404 Million, Up 12.7% YoY, Launches “Jurassic World: The Experience” to Strengthen Thailand’s Position as a Sustainable Tourism Destination
Q2/2025 performance continued to deliver strong growth, with total revenue of THB 5,211 million, a 7.7% YoY increase, while EBITDA rose to THB 2,723 million, a 9.3% YoY increase, and net profit of THB 1,404 million, 12.7% growth YoY. This performance was driven by the Company’s Growth-Led Strategy, recognizing revenue from new assets and diversifying the portfolio, supported by a strong financial discipline with an interest-bearing debt-to-equity ratio below the industry average. The hospitality business unit generated total revenue of THB 2,612 million, an increase from the previous year, driven by revenue recognition from new assets, growth in the luxury resort segment, and outstanding growth in food and beverage revenue. The launch of Pattaya Marriott Resort and Spa boosted the hotel portfolio, which has more than doubled since the IPO, with total asset value reaching THB 212,616 million as of Q2/2025. The commercial business unit continued to generate stable cash flow through strategic enhancements to retail and office properties under the AWC’s Lifestyle Destination model, alongside the opening of Jurassic World: The Experience and Hatch Dome at Asiatique The Riverfront Destination, a world-class attraction designed to drive all-day visitor traffic, boost retail sales, and increase tenant demand, while strengthening Bangkok and Thailand’s positioning as a global hub for sustainable tourism and entertainment. Bangkok, Mrs. Wallapa Traisorat, Chief Executive Officer and President of (AWC), has announced the company’s robust growth for Q2/2025, with total revenue of THB 5,211 million, up 7.7% YoY, and EBITDA of THB 2,723 million, up 9.3% YoY. Net profit rose 12.7% YoY to THB 1,404 million. The Company continues to expand its high-quality portfolio to enhance Thailand’s sustainable tourism potential, including Meliá Pattaya Hotel, Thailand, Pattaya Marriott Resort and Spa, and Swissôtel Bangkok Ratchada (to be rebranded as JW Marriott Hotel Bangkok Ratchadapisek). Most recently, AWC unveiled Jurassic World: The Experience and the Hatch Dome, two world-class landmarks at Asiatique The Riverfront Destination, creating a spectacular entertainment phenomenon for visitors of all ages. These attractions support the Company’s strategy to drive all-day visitor traffic, leading to a sharp increase in revenue growth and tenant demand. The Company also reported strong growth in its luxury resort segment, which continues to attract high-quality travelers, particularly in Koh Samui, alongside significant growth in food and beverage revenue. In addition, the commercial business unit continued to deliver stable and strong cash flow, with higher occupancy and rental income supported by enhanced marketing strategies under the distinctive AWC’s Lifestyle Destination model. The results reflect the success of AWC’s Growth-Led Strategy, which focuses on expanding high-quality operating assets through both organic and inorganic growth, effective cost management, and a strong financial discipline, the Company maintained an interest-bearing debt-to-equity ratio of 0.92 times, better than the industry average. In addition, its portfolio diversification strategy has helped generate stable cash flow amid challenges in the domestic tourism sector. AWC remains committed to driving growth by adding high-quality assets to strengthen Thailand’s position as a leading global destination for sustainable tourism, in line with its mission of “Building Better Future For All” to create a better future for all stakeholders. Hospitality Business Unit Shows Strong Growth Despite Low Season In Q2/2025, the hospitality business recorded revenue of THB 2,612 million, an increase from the previous year, driven by contributions from new assets such as Meliá Pattaya Hotel, Thailand, Pattaya Marriott Resort and Spa, and Swissotel Bangkok Ratchada. Luxury resorts continued to attract high-quality tourists, with revenue for the segment increasing 6.9% YoY, supported by higher occupancy rates and Average Daily Rate (ADR), and a 7.1% YoY increase in Revenue Per Available Room (RevPAR). Koh Samui remained a top-performing destination, as did Chiang Mai, where RevPAR grew 8.4% YoY. The Company’s hotel portfolio maintained a strong Revenue Generation Index (RGI) averaging 102, with luxury resorts and Bangkok hotels achieving RGIs of 118 and 109, respectively. Furthermore, Food and beverage revenue grew 8.7% YoY, driven in part by “EA” Rooftop at The Empire. With strong appeal to high-quality travelers through strategic partnerships with both domestic and global players, AWC hotels achieved high gross profit margins, including Banyan Tree Samui at 46% and Bangkok Marriott Marquis Queen’s Park at 45%. Government domestic tourism stimulus measures further boosted performance at key hotels such as Hua Hin Marriott Resort and Spa and Pattaya Marriott Resort and Spa. InterContinental Chiang Mai The Mae Ping also achieved LEED Gold certification under LEED v4 BD+C: Hospitality, the first hotel in Thailand to do so. In Pattaya, AWC enhanced the city’s tourism appeal with the launch of Pattaya Marriott Resort and Spa, alongside revenue recognition from Meliá Pattaya Hotel, Thailand, and Swissôtel Bangkok Ratchada in the Jubilee Prestige Tower. As of Q2/2025, AWC’s hotel portfolio comprises 24 hotels with 6,834 rooms, the highest in the market since IPO, representing an increase of 3 hotels and 930 rooms year-to-date. Commercial Business Unit Delivers Strong and Stable Cash Flow, Enhancing the Diversity of AWC’s High-Quality Portfolio with the World-Class Experiences Jurassic World: The Experience and Hatch Dome, Positioning the Destination as a Future Lifestyle Landmark. The commercial business unit continued to deliver strong and stable cash flows in Q2/2025, supported by the AWC Lifestyle Destination model. Retail rental revenue grew 11.6% YoY, driven by an 8.4% increase in occupancy rates, particularly at repositioned shopping centers such as The Pantip at Ngamwongwan, The Pantip Lifestyle Hub in Chiang Mai, and Asiatique The Riverfront Destination. Office rental revenue grew 8.8% YoY, supported by the new Jubilee Prestige Tower in the heart of Ratchada. The launch of The Empire Food Lounge at The Empire enhanced tenant retention, with occupancy retention rates reaching 99%, reflecting strong confidence in the property’s world-class quality. With a focus on sustainable revenue growth through asset enhancement and market repositioning, the commercial business unit achieved an EBITDA margin of 85%, exceeding the industry average. In addition, the Company continues to enhance its office buildings to meet international green building and wellness standards for occupants. Most recently, four office properties, The Empire, Athenee Tower, 208 Building Wireless Road, and Interlink Tower Bangna, have achieved 2-Star FITWEL Certification. AWC also aims to have all four properties certified under the LEED green building standard within this year. In the retail segment, AWC continues to strengthen its projects, including the launch of a new Food Lounge at Gateway Ekamai. Both The Pantip Lifestyle Hub in Chiang Mai and The Pantip at Ngamwongwan delivered outstanding performance, with significant growth in occupancy rates and rental revenue. Asiatique The Riverfront Destination created a world-class phenomenon with the debut of Jurassic World: The Experience, the latest immersive experience of its kind in the world, marking its first appearance in Thailand. This is complemented by the Jurassic World: The Experience Fossil & Flame Restaurant, the world’s first Jurassic World-themed restaurant outside of a theme park, and the Hatch Dome, which offers a range of edutainment experiences combining learning and entertainment in one place, including Better World Better Future, Fossil Park, and Snake Garden. These attractions support AWC’s growth strategy by driving all-day visitor traffic from morning to night, boosting both revenue and tenant demand, while strengthening Bangkok and Thailand’s positioning as a global hub for entertainment and sustainable tourism. Further affirming its success, the project was honored with the “Mall of the Year – Thailand” award at the Retail Asia Awards 2025, highlighting Asiatique The Riverfront Destination’s role as a world-class retail model that seamlessly blends tourism, learning, and entertainment, a true reflection of AWC’s vision to create lifestyle and sustainable tourism destinations for Thailand. Strong Outlook for Second Half of the Year with Flexible and Resilient Strategies AWC continue to expand its high-quality portfolio in the second half of the year, with upcoming projects such as Lannatique Kalare, a new cultural landmark in the heart of Chiang Mai. The Company maintains a strong and disciplined financial cost management, reinforcing the Company’s position as the industry leader in financial stability while upholding a high level of financial discipline. These efforts reduce risk, enhance investment flexibility, and support sustainable long-term growth. The Company also benefits from positive momentum driven by the government’s tourism stimulus program “Travel in Thailand with Half-Half,” which boosts domestic tourism demand, particularly for hotels in Hua Hin and Pattaya, two of the most popular destinations. In parallel, strategic partnerships with world-class allies boasting a global network of over 710 million quality travelers have significantly increased the proportion of direct bookings to 70%. This has been a key driver in growing hotel reservations across AWC’s portfolio, especially in major tourist destinations such as Chiang Mai, Samui, Krabi, and Pattaya, where forward bookings have shown remarkable growth. Building Better Future For All — Driving a Sustainable Future for All Stakeholders AWC remains steadfast in its mission of “Building Better Future For All” through projects that create long-term value for all stakeholders. The Company was named for the first time in the Fortune Southeast Asia 500, ranked No. 1 in the world in the Hotels, Resorts & Cruise Lines sector by S&P Global for sustainability performance, and is a member of the Dow Jones Sustainability Indices (DJSI) Emerging Markets, FTSE4Good Index Series, and SET ESG Ratings for 2024 by the Stock Exchange of Thailand. In corporate governance, AWC received the ASEAN Asset Class award for the second consecutive year, was ranked among the Top 50 ASEAN Public Listed Companies in 2024 under the ASEAN Corporate Governance Scorecard, and achieved a perfect 100% score in the 2025 AGM Checklist for the fourth consecutive year. These accolades reaffirm AWC’s global leadership in sustainable development and its unwavering commitment to conducting business with transparency, adhering to the highest principles of corporate governance, and creating long-term sustainable value for all stakeholders.
- August 12, 2025Business
Indorama Ventures reaches 150 billion PET bottles recycling milestone, advancing circular economy across global operations
Indorama Ventures Public Company Limited, a global sustainable chemical company, today announced it has recycled more than 150 billion post-consumer PET bottles since 2011. This significant milestone underscores the company’s long-term commitment to circular economy practices and its sustained investment in global recycling infrastructure. With more than 20 recycling facilities across 11 countries, supported by strong business partnerships and optimized operations, Indorama Ventures collectively recycles 789 bottles every second1 — transforming used PET into high-quality recycled PET (rPET) resins and other circular materials. These are used across various industries globally, supporting Indorama Ventures and its customers in achieving their sustainability goals. Since beginning its recycling journey in 2011, Indorama Ventures has meaningfully accelerated its impact. The company reached its first major milestone of 50 billion bottles recycled in March 2020 and doubled that figure to 100 billion bottles in 2023, just three and a half years later. Now the company has reached the 150 billion mark which reflects both growing global demand for recycled content and the company’s strategic investments in infrastructure, partnerships, and innovation to scale up recycling at speed. Yash Lohia, Executive President of Petchem and Chairman of the ESG Council, said, “Recycling 150 billion PET bottles is more than a milestone — it reflects the power of people, purpose, and technology driving scalable, sustainable impact. We’re grateful to our consumers, customers, and partners who make this progress possible. This achievement reinforces the value of long-term thinking, strategic investment, and collaboration as we lead the shift toward a circular economy. We’re proud of how far we’ve come—and are committed to going further.” Beyond the positive benefits of recycling and reusing PET, this milestone also delivers measurable environmental and social impact. By recycling 150 billion PET bottles, Indorama Ventures has helped avoid an estimated 3.8 million tons of CO₂ emissions over the product lifecycle and diverted 2.8 million tons of plastic waste from landfills and the environment. This achievement is rooted in Indorama Ventures’ integrated and scalable approach to circularity, anchored in three core pillars: education, collection, and innovation. Through its recycling education initiative, Waste Hero program, the company has educated close to 1 million people in schools and communities worldwide ahead of the 2030 target, empowering individuals to make informed choices and driving long-term behavioral change in recycling. By partnering with a wide network of collection organizations, Indorama Ventures ensures a consistent supply of high-quality post-consumer PET, supporting the integrity of circular supply chains. In parallel, the company works with leading technology providers to deploy advanced recycling solutions that improve processing efficiency and reduce environmental impact. As global demand for recycled materials grows, Indorama Ventures reaffirms its commitment to expanding recycling capacity, investing in innovation, and working with stakeholders across the value chain to accelerate the shift toward a circular economy. *The 150 billion PET bottles figure uses an average weight** and an overall height of on-the-go PET water and soda bottles, equivalent to the volume recycled at Indorama Ventures recycling sites between February 2011 – August 2025. ** Weighting shall be referenced to The International Bottled Water Association. 1 As of 5 August, 2025
- August 11, 2025Science
Breaking Boundaries in Stroke Imaging: The World’s First Clinical CT with a Curved Detector
When we set out to design the Micro-X Head CT , our goal was simple: to bring stroke diagnosis to patients faster, whether in an ambulance, a rural clinic, or a hospital emergency bay. But achieving this meant rethinking how CT scanners work at a fundamental level. In conventional CT scanners, flat-panel detectors rotate around the patient on large gantries. These systems are incredibly effective but they’re also heavy, expensive, and mechanically complex. That makes them impractical for mobile environments where space, weight, and speed are critical. To build a system compact and lightweight enough for stroke diagnosis on the move, we needed to do something never done before: create a curved detector. Why Curved Matters With a curved detector, we could achieve wide angular coverage using a fixed gantry.That meant we could eliminate the need for heavy rotating parts while still capturing high-quality projection images from multiple angles. It was a breakthrough in reducing size, weight, and power requirements, making the Head CT faster, lighter, and more portable. But here’s the catch: there are no off-the-shelf curved X-ray detectors suitable for clinical CT imaging. Curved detectors have been explored in research or industrial uses (like inspecting pipelines), but not in medical imaging. So, we had to build one from scratch. Head CT under development Partnering for Innovation We partnered with FUJIFILM to co-develop a custom solution, leveraging their flexible scintillator substrate - the same material they use in their flat panel detectors. Our team worked closely with theirs to overlap two scintillators into a seamless curved array, paired with a dynamic readout system capable of capturing multiple exposures rapidly. This was crucial for integrating with our proprietary NEX technology and enabling fast reconstruction. With further refinement, we engineered a new version of the detector using FUJIFILM’s technology, redesigned by Micro-X to be even smaller and lighter to achieve a72% weight reduction from the initial prototype. That’s a huge win for mobility, especially when every gram counts in a portable CT system. Solving the Complex Challenges Introducing a curved detector came with its own imaging and mechanical hurdles. Traditional reconstruction algorithms weren’t built to handle curved geometry, leading to inconsistencies and image artifacts. So we teamed up with Johns Hopkins University who are experts in computational imaging to develop new methods that solve these problems head-on. Combined with Micro-X’s NEX technology, which precisely controls X-ray sources without mechanical motion, we’ve built a system that can acquire multiple projection images in rapid succession, all without a rotating gantry. The Micro-X Head CT for stroke diagnosis includes a world-first curved detector A World-First Achievement To our knowledge, the Micro-X Head CT is the first CT scanner designed for clinical use to feature a curved detector. It’s a major technical milestone - not just for us, but for the future of portable medical imaging. As an engineer, it’s been incredibly rewarding to push the boundaries of what’s possible in medical imaging. But what’s most meaningful is knowing this technology will have a real-world impact — transforming how and where people receive life-saving stroke care.
- August 8, 2025Business
Austal USA receives contract and commences construction on second Offshore Patrol Cutter for US Coast Guard
Austal Limited (ASX: ASB) is pleased to announce that Austal USA has received a contract option award from the United States Coast Guard (USCG) for the construction of the second Stage 2 Heritage-class Offshore Patrol Cutter (OPC) and the acquisition of long lead-time material to support construction of a third Stage 2 OPC. The US$273 million option is part of a contract that includes options for up to 11 OPC’s, with a potential value of US$3.3 billion. Construction of the second OPC, Icarus (WSMM 920), has commenced at the company’s Mobile, Alabama, shipbuilding facility. Austal Limited CEO Paddy Gregg said the OPC program is gathering momentum, with the option exercising the second OPC highlighting a unique build strategy that has included the optimisation of the hull design for the first vessel, Pickering (WSMM 919). “The Austal USA team have optimised the hull structure design of the first steel-hull OPC, Pickering, which will deliver a more efficient build process, a reduction in vessel weight and ultimately a longer vessel life expectancy,” Mr Gregg said. “Austal USA has also developed a new 3-D model of the OPC, that is enabling each vessel module manufactured in Mobile, Alabama to be completed to an industry-leading level of completion. The team are effectively setting new benchmarks for manufacturing productivity and efficiency with the OPC program.” The 110 metre OPC’s will provide the majority of the U.S. Coast Guard’s offshore presence, conducting a variety of missions including law enforcement, drug and migrant interdiction, and search and rescue. With a range of 10,200 nautical miles at 14 knots and a 60-day endurance period, each OPC will be capable of deploying independently or as part of task groups, serving as a mobile command and control platform for surge operations such as hurricane response, mass migration incidents and other events. The cutters will also support Arctic objectives by helping regulate and protect emerging commerce and energy exploration in Alaska. Including Icarus, Austal USA has seven ships currently under construction. A new final assembly building (FA2) that will be used to support the production of the OPC’s, is now under construction. When complete, the building will provide approximately 18,000 square metres of new covered manufacturing space. The building will consist of three bays, two of which are specifically designed to construct the OPC. This ASX announcement has been approved and authorised for release by Paddy Gregg, Austal Limited’s Chief Executive Officer. Austal USA has commenced construction of the second Offshore Patrol Cutter (OPC) for the United States Coast Guard – Icarus (WSMM 920) – at the Mobile, Alabama shipyard (Images: Austal USA) - ends - Media Contact: Cameron Morse, FTI Consulting +61 433 886 871 [email protected] Further Information Contact: Austal Phone: 61 8 9410 1111 Fax: 61 8 9410 2564 Email: [email protected]
- August 8, 2025Business
Family History Society Singleton launches book
Locals, visitors and historians can now enjoy a book about the history of the Singleton Fire Station, thanks to the literary hard work of Carol Garvie and the Family History Society of Singleton and a $4,000 donation from Yancoal Australia’s Mount Thorley Warkworth (MTW) operation. Written by Carol Garvie the book, “The Formation of the Singleton Volunteer Fire Brigade and Station 444” provides the community with a detailed account of the history of the Singleton Fire Station dating back to 1878, its members through the years, the challenges creating the team in the beginning and an overarching history of Singleton. The $4,000 worth of funding from MTW enabled the Family History Society of Singleton to bring the writing together, format and lay it out, and an initial publication run of 100 copies that are available for purchase. Lyn MacBain, President of the Family History Society of Singleton was very pleased to see Carol’s research project come to life. “We felt strongly about the fact that people with a connection to Singleton and the volunteer fire service would want to read and explore the book and reflect on the past. “The Singleton Volunteer Fire Brigade has offered a lot of value to the community over the years, establishing a strong bushfire brigade that still operates to this day. “The volunteer fire fighters are proud to donate their time to help protect and preserve our community. They regularly educate the community by hosting open days and visiting schools. The book will also be used as an educational resource for school children. “We are excited to launch and to create interest about the book. The funds raised from book sales will go towards the maintenance of the vintage fire engine and the Family History Society of Singleton. “Thanks to MTW for their financial assistance to get the book finalised and published. We hope it’s enjoyed by the people of Singleton for many years to come,” said Lyn. Books can be purchased from the Family History Society of Singleton by contacting 0408 985 267 or [email protected] or at the Society’s Library at 74 George Street, Singleton. Additionally, they are available directly through the Fire Station. The Family History Society of Singleton has been operating for over 40 years, assisting with the research of families throughout the district. It receives enquiries from all over the country and overseas regarding people looking for family members who were connected through Singleton at some stage of their life. Mount Thorley Warkworth General Manager, Cris Shadbolt, was delighted to help the society. “MTW has a long and proud history in Singleton, and we are pleased to support an initiative that aims to recognise and celebrate the rich history of one of our vital community organisations. “Volunteer fire brigades are an essential community service, helping people when they need them the most. We are happy our funding could help their value to the community be documented and acknowledged,” said Cris. The Mount Thorley Warkworth Community Support Program runs annually and is funded by Yancoal Australia, aiming to make a positive difference in the local community and to the lives of the people who work and live in the Hunter Valley. For over 20 years since 2004, Yancoal has grown to be one of Australia’s largest coal exporters: owning or operating eight producing mines across the country, employing almost 5,500 Australians, contributing to the national economy, and investing in regional communities. END Media contact: Tracy Woodley [email protected]
- August 7, 2025Business
Singapore’s Logistics Sector Remains Resilient and Attractive Amid Global Trade Uncertainty: CBRE Survey
Despite ongoing global trade uncertainty, 76% of logistics occupiers in the region plan to expand their real estate footprint over the next three to five years, according to CBRE’s 2025 Asia Pacific Logistics Occupier Survey. Within Southeast Asia, Singapore emerged as one of the key markets of interest, ranking second just behind Vietnam. This signals strong occupier confidence in the city-state’s long-term strategic value. The report, which gathered insights from over 380 companies across Asia Pacific between March and April 2025, indicates that cost is not the sole consideration for occupiers. In Singapore’s case, qualities such as its reliable operating environment, strong regional connectivity, and strategic positioning continue to resonate with logistics tenants navigating a complex global environment. “Singapore continues to draw global occupiers, thanks to its reputation as a strategically located, neutral, and stable logistics hub,” said Graeme Bolin, Head of Occupier and Leasing, Industrial & Logistics Services, Singapore, CBRE. “We’re seeing a three-pronged approach consisting of government-led infrastructure investments, expansion by top-tier logistics players, and robust capital flows into modern logistics assets. This synergy is reinforcing Singapore’s role in the global supply chain.” CBRE Research notes that this confidence is reflected in the market’s activity. Infrastructure enhancements such as the PSA Supply Chain Hub @ Tuas and Tuas Port are strengthening Singapore’s logistics capabilities, while recent facility launches by global players like DHL Supply Chain and DP World demonstrate continued occupier commitment. Investor interest remains strong, with capital flowing into modern logistics assets such as Sunview Hub and DSV Pearl, supporting the sector’s long-term growth. The report also highlights Singapore’s continued status as a major logistics hub, particularly for hi-tech manufacturing and life sciences sectors. An influx of new supply in 2025 is expected to create opportunities for occupiers to renegotiate leases and meet pent-up demand. Across Asia Pacific, logistics occupiers are looking beyond short-term market volatility and planning long-term investments. While 69% of respondents expect business performance to improve in the next two years (down from 81% in 2023), the overall sentiment reflects a more cautious near-term outlook amid ongoing trade policy uncertainty. Cost efficiency and strategic location selection have become top priorities. The survey found that 78% of respondents identified rent reduction as a key driver for relocation, while many are also seeking proximity to transportation hubs, customer bases, and supply chains to enhance operational efficiency. “CBRE’s analysis shows that real estate accounts for just 3 to 6% of the total logistics cost structure,” said Michael Bowens, Head of Industrial & Logistics Leasing, Asia Pacific, CBRE. “We advise occupiers to focus on total occupancy costs, not just face rent, when planning their real estate strategies. This comprehensive approach includes factors like transportation, labour availability, last-mile efficiency, and inventory management.” These regional trends are reflected in Singapore, where occupiers continue to prioritise strategic positioning and operational efficiency. The city-state’s reputation as a strategically located, neutral, and stable logistics hub remains a key differentiator amid shifting trade dynamics. To read the full report, click here . About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com .
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