Public Company News
Cathay Pacific redefines the lounge experience with its newly redesigned flagship lounge The Wing, First in Hong Kong
Cathay Pacific is redefining the premium lounge experience for its customers with the unveiling of its newly redesigned flagship lounge The Wing, First at Hong Kong International Airport (HKIA). Unveiled ahead of its official reopening to customers on 22 April 2026, the space heralds a new chapter in Cathay Pacific’s global flagship lounge design as part of the airline’s broader lounge enhancement plan in Hong Kong and other major cities around the world. Cathay Group Chief Executive Officer Ronald Lam (middle), Cathay Chief Customer and Commercial Officer Lavinia Lau (third from left), Cathay Chief Operations and Service Delivery Officer Alex McGowan (third from right), Cathay Director Customer Travel Erica Peng (second from left) and Cathay Director Service Delivery Mandy Ng (second from right) attended the unveiling ceremony of the airline’s redesigned flagship lounge The Wing, Located on the east side of Terminal 1, The Wing, First has been a cornerstone of Cathay Pacific’s ground offerings since HKIA’s opening in 1998. The redesigned lounge continues the airline’s collaboration with London-based design firm StudioIlse and represents a new evolution of the signature design developed by Cathay and StudioIlse that customers know and love. The reimagined lounge harmoniously blends contemporary design and residential comfort, retaining its warmth and familiarity, while introducing a more holistic approach to space, dining and service for elevated comfort and privacy. Cathay Group Chief Executive Officer Ronald Lam said: “The Wing, First has long held a special place in not only our hearts, but also our customers’. Its reopening marks an important milestone in the evolution of our flagship lounge design and reflects our long-standing commitment to putting people at the heart of everything we do. “Through our commitment of well over HK$100 billion in investments into our fleet, cabin and lounge products, and digital innovation, we will continue to elevate the journey at every touchpoint. These thoughtful, human-centric experiences define who we are at Cathay, advancing our vision of being our customers’ most loved service brand.” Cathay Pacific’s wide-ranging lounge enhancement plan began with the reopening of The Bridge in Hong Kong and the Cathay Pacific Lounge in Beijing last year following extensive redesigns. In addition to the reopening of The Wing, First, Cathay Pacific will introduce its first-ever dedicated lounge in New York later this year after the airline moves to John F. Kennedy International Airport’s state-of-the-art Terminal 6 building when it opens. Meanwhile, The Wing, Business will close and undergo renovations of its own before reopening in 2027. For more information, please visit www.cathaypacific.com . Design The Wing, First’s primary materials retain a sense of familiarity while being subtly evolved to reflect a more refined expression of Cathay Pacific’s First class identity. Iconic green onyx continues to anchor the space, while walnut wood is introduced as the principal timber, presented in a wide variety of finishes and detailing to add warmth and depth. For the first time, granite has been used for the flooring, honouring its heritage in traditional Chinese architecture. The airline has also unveiled an all-new collection of signature furniture and lighting designed exclusively for its lounges. Crafted with luxurious materials and ergonomic design in mind, each piece is thoughtfully arranged to foster a welcoming atmosphere, complemented by a curated collection of purposeful and timeless designer pieces that reinforces familiarity. Atrium At the heart of The Wing, First is the Atrium, a light‑filled, open space that serves as the crossroads of the lounge. Anchored by Cathay Pacific’s signature green onyx bar and complemented by the Pantry, which offers an extensive self-serve selection of light and bite-sized delicacies, the Atrium evolves throughout the day with its versatile menu offerings. From a diverse breakfast offering, including lighter wellness‑led options, through afternoon tea to evening bistro‑style dining, the Atrium provides customers with both choice and flexibility in how they spend their time. Dining Room For a more formal dining experience, the Dining Room offers full à la carte table service featuring Asian and international classics. Guided by a seasonal approach, the refreshed menu is thoughtfully designed to showcase ingredients at their best, with evolving recipes that reflect both time and place. Regional Chinese dishes created in partnership with Mott 32 sit alongside signature favourites and monthly specials, underscoring Cathay Pacific’s continued focus on culinary excellence. Wellness and Relaxation The Retreat, first introduced at The Pier, First, is now available at The Wing, First. Featuring handcrafted wood panels, bespoke furniture and ambient lighting, the tranquil space offers seven private booths where customers can enjoy a foot or neck and shoulder massage to relax and recharge before their flights. Meanwhile, the Alcove features five multipurpose booths designed for comfort and added privacy, each equipped with a compact table and charging facilities for light dining, reading or catching up on emails. Wellbeing is further elevated through a reimagined shower suite experience where innovative water and lighting technologies allow customers to set the modes to cleanse, refresh or relax according to their moods. Elevated Privacy The Bureau debuts as a fully enclosed workspace offering complete privacy for focused work or small meetings. Customers can also personalise the experience with two lighting modes — Engaged and Focused — enabling them to adapt the space effortlessly to their preferred way of working.
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- April 20, 2026Automotive
Elegance Moves the World: LEPAS to Take the Global NEV Stage at Beijing Auto Show
On April 24, LEPAS, the all-new new energy brand under Chery Group, will make its debut at the Beijing Auto Show. Under the theme “Elegance Moves the World”, LEPAS will globally unveil its NEV strategy, alongside the world premiere of the LEPAS L6 EV and LEPAS L4 EV, marking a pivotal step in its global journey to become the preferred brand for elegant mobility life. The global NEV market is undergoing a profound value reshaping. Over the past decade, competition has centered on technological breakthroughs and scale expansion. In the decade ahead, the focus will shift toward user experience and brand sophistication, as the industry transitions from quantitative growth to qualitative advancement. LEPAS emerges in response to this evolution, placing“elegance”at its core and offering global users a exquisite alternative in mobility. At this year’s Beijing Auto Show, LEPAS will officially introduce its NEV strategy. Leveraging Chery Group’s global R&D system and the dedicated LEX intelligent new energy platform, the brand aims to cover multiple segments from compact to mid-to-large vehicles. Built upon three core pillars — Leopard Aesthetics, Elegant Technology, and Exquisite Space — LEPAS will establish differentiated competitiveness across its design language, battery-motor-electronic control systems, intelligent cockpit, and Advanced Driver Assistance Systems (ADAS) features, delivering a smooth, composed, and premium driving experience for global users. As the first models under this strategy, the LEPAS L6 EV and LEPAS L4 EV will be presented together at Chery Group’s joint booth. The LEPAS L6 EV, a high-tech core SUV, is designed for high-frequency urban scenarios. Its low-slung, wide-body stance lowers visual center of gravity and conveys stronger body tension within its class. It will present with multiple intelligent driving assistance systems, including VPD and its high-tech features and smart configurations,are complemented byversatile, life-oriented interior space, precisely meeting the diverse mobility needs of families and urban professionals. The LEPAS L4 EV is a fully electric SUV developed for lightweight urban mobility. With a highly distinctive design, agile yet stable handling, and an effortless range and charging experience, this model provides a compelling option within a lighter mobility segment. Together, the two models cater to different segments while jointly embodying LEPAS’s brand character of elegance, exquisiteness, and confidence. From Beijing to the world, from debut to delivery, LEPAS is taking concrete steps to demonstrate that elegance is not merely a statement, but a new energy mobility experience that can be felt, validated, and chosen. On April 24, we warmly invite you to visit Chery Group’s booth to witness the global launch of LEPAS NEV Strategy.
- April 20, 2026Automotive
LEPAS EV Models to Make its First Appearance at Beijing Auto Show
On April 24, the Beijing Auto Show will officially open. LEPAS, the all-new NEV brand under Chery Group, will make the World Premiere of its LEPAS L6 EV and LEPAS L4 EV, marking the first collective showcase of its NEV product lineup. With differentiated product positioning and leading technological capabilities, LEPAS is set to launch a strong NEV product offensive, fully embodying its vision as the Preferred Brand for Elegant Mobility Life. As the debut of a globally NEV product lineup, the two all-electric models presented by LEPAS are both built on the LEX intelligent new energy platform. Centered on three core values — Leopard Aesthetics, Elegant Technology, and Exquisite Space — these models offer an elevated, all-scenario mobility experience that is easy to drive, intuitive to use, and enjoyable to own. LEPAS believes that true elegance is not merely about pushing performance to the extreme, but about delivering effortless composure without burden.. LEPAS L6 EV: The Urban Mainstay, Making High-Frequency Scenarios Effortless and Enjoyable .The LEPAS L6 EV is a high-tech all-electric SUV designed for families and urban professionals. As the core model for high-frequency urban useage, it focuses on three key pillars: commanding design presence, intelligent user experience, and versatile, life-oriented interior space. Design: Guided by Leopard Aesthetics, the LEPAS L6 EV features a low-slung, wide-body stance and signature “Hunting Eye” headlamps, delivering a lower visual center of gravity and a stronger sense of body tension within its class. Intelligence: Equipped for the first time with VPD, H-NOA, Bosch IPB 2.0, and a Super AI Agent, it covers multiple driving, parking, and in-cabin scenarios — making operation more intuitive and driving easier. Space: Through its cabin scenario system, the interior adapts to mood and usage, turning the vehicle from a mere tool into a seamless part of daily life, making every journey effortless and enjoyable. LEPAS L4 EV: Class-defying agility, Delivering an Uncompromised Experience in a Lightweight Model The LEPAS L4 EV is a fully electric SUV developed for lightweight urban mobility. Design: With its dynamic “Hunting Motion” styling, contrasting body colors, and Leopard Shadow wheels, the vehicle stands out in urban environments with high visual recognition. Driving Experience: The LEPAS L4 EV delivers a composed and confident driving experience, whether navigating city streets or cruising on highways. It is powered by a 160 kW electric motor and features a multi-link independent rear suspension, complemented by a globally tuned chassis, 21 ADAS features, and connected car technologies. Range and charging: Offering around 500 km range paired with fast-charging capability, the LEPAS L4 EV meets practical needs of daily commuting and weekend trips — delivering a no-compromise experience within a lighter mobility choice. Following the Beijing Auto Show, LEPAS will launch the LEPAS Global Journey of Elegant Driving, conducting its first real-world test of the LEPAS L6 PHEV across all driving scenarios. Through comprehensive road-condition test drives, the brand will fully validate its core product performance. At the same time, the 2026 Chery international Business Summit will be held in Wuhu. During the summit, LEPAS will host on-site driving experience sessions, giving global partners and media the opportunity to experience firsthand the elegant driving performance and technological strengths of its new energy vehicles. In addition, the upgraded LEPAS Elegant Lifestyle House will officially open, showcasing the brand’s fully integrated ecosystem across the entire value chain — from products to services.
- April 17, 2026Automotive
SERES’ Clifford Kang on AI-Driven Smart Mobility at the 2026 World Internet Conference Asia-Pacific Summit
Clifford Kang, Vice President of SERES Group attended the 2026 World Internet Conference (WIC) Asia-Pacific Summit in Hong Kong from 13 to 14 April, where he shared the company’s latest perspectives on how artificial intelligence is redefining intelligent electric mobility and automotive industry, and driving a broader transformation of the daily life. The summit, hosted by the World Internet Conference and organised by the Government of the Hong Kong Special Administrative Region, brought together global industry leaders to explore developments in digital and intelligent transformation. Against this backdrop, Kang noted that artificial intelligence is accelerating a fundamental shift across industries, with mobility among the most significantly transformed sectors. AI is moving from merely functional to truly frictionless, becoming deeply embedded in every part of our lives and emerging as an inclusive force that enhances mobility, living and consumption experiences. As this transformation accelerates, SERES continues to embed intelligence across its full value chain, from product development to manufacturing and user services, using continuous innovation to enhance user experience and strengthen its long-term competitiveness as a technology-driven new energy vehicle company. A key milestone of SERES came in 2021, when SERES entered a cross-industry partnership with Huawei to launch the AITO brand, its premium new energy vehicle brand. At the time, the industry was facing a clear disconnect, where intelligent cars were not luxurious, while luxury cars were not intelligent. In response, AITO introduced the brand philosophy of “Intelligence Redefining Luxury”, positioning intelligence as the foundation of its premium mobility experience. The brand name itself, derived from “adding intelligence to auto”, reflects this core DNA. Today, that strategy has translated into scale and adoption. AITO has built a user base of more than 880,000 active users of its smart driving assistance system, with total journeys surpassing 6.6 billion kilometres. Clifford Kang further emphasised that a great product alone is not enough, and that company need to focus on the entire lifecycle user experience. Guided by this principle, SERES has extended intelligent technologies at scale across both manufacturing and customer service to improve every touchpoint. In manufacturing, the SERES Super Factory, operates with more than 5,000 robots, enabling 100% automation of critical processes. AI vision inspection technology ensures strict quality control of key components, ensuring high quality standards across production. On the customer service end, SERES has built a 24/7 cloud-based safety service system powered by AI and big data, enabling a shift from reactive support to intelligent predictive service. In 2025 alone, the system delivered approximately 250,000 proactive alerts to customers. One notable example came in July last year, when AITO M9 completed the industry’s first satellite-enabled rescue operation in a remote region of China, highlighting both the practical value and human warmth of intelligent connected technologies in real-world scenarios. Looking ahead, Clifford Kang stated that new energy vehicles are evolving into the mobile intelligent space, requiring further robust investment in research and development. In 2025 alone, SERES invested RMB 12.5 billion in R&D, representing a 77% year-on-year increase. This investment has enabled the company to develop a suite of core technologies, including the SERES MF Platform, Super Range Extender and Intelligent Safety systems. These innovations are continuously applied across SERES’ products to enhance performance and deliver better mobility experiences for users. “Bringing eruptive technology from the laboratory to the road requires more than one company's efforts”, Kang said. “Open collaboration is the most efficient path forward. SERES has always embraced openness and partnership. We want to work with industry partners around the world to advance the mobility sector together. Let’s build up the future where technology has the vision to lead, the precision to excel, and the warmth to care.” About Seres Group Seres Group is one of China’s leading luxury new energy vehicle companies. Its premium brand AITO has surpassed one million cumulative users. In 2025 AITO became the best-selling Chinese luxury car brand in the domestic market. With strong capabilities in areas such as intelligent driving, SERES is bringing its vision of “Intelligence Redefining Luxury” to global markets and delivering a smarter mobility experience to more users around the world.
- April 17, 2026Top Stories
Allianz Malaysia continues to champion grassroots badminton with AJBC 2026
Organised by Allianz Malaysia Berhad (Allianz Malaysia), the AJBC has grown to become a highly- anticipated grassroots badminton tournament, fostering the development of future badminton champions. “We are committed to supporting the dreams of young athletes and contributing to the growth of badminton in Malaysia. The AJBC is more than just a tournament; it is a stepping stone for young players to achieve their aspirations and reach new heights in the sport,” said Allianz Malaysia Chief Executive Officer, Sean Wang. A highlight of the AJBC in 2025 was the selection of 10 players from the Qualifying Rounds to participate in the prestigious Talent Identification Programme organised by Akademi Badminton Malaysia (ABM), under the purview of the Badminton Association of Malaysia. This programme serves as a gateway for players to potentially enter ABM as well as gain access to other opportunities to advance their badminton careers. Over 3,000 players took part in the AJBC last year, showcasing the depth of talent and passion for the sport among Malaysian youth. The championship is expected to attract a similar level of enthusiasm in 2026, with 10 Qualifying Rounds set to take place nationwide. This year, on top of the cash prizes, 12 winners will also be chosen to participate in an exclusive international training camp, where they will have the opportunity to train with world-class coaches and experience a competitive global environment. The aim of the AJBC is to provide a platform for young badminton talents to pursue their passion, develop their skills and gain exposure to competitive play. By investing in grassroots development, Allianz Malaysia hopes to inspire the next generation of badminton champions and contribute to Malaysia’s legacy in the sport. The first Qualifying Round will take place in Ipoh, Perak from 24 to 26 April 2026, with further rounds to follow in various locations across the country including Putrajaya, Johor, Terengganu, Pahang, Sabah, Sarawak, Melaka, Kedah and Penang. The AJBC Grand Finals, featuring U-13 and U-15 finalists from all the Qualifying Rounds, will be held in Kuala Lumpur from 2 to 7 December 2026. Each round will see 24 players qualifying for the finals. The U-11 players will not advance to the Grand Finals. Like previous years, players participating in the AJBC Qualifying Rounds do not have to pay any entrance fees. The top three winners of the Qualifying Rounds for all age categories will take home RM500, RM300 and RM150 (singles) and RM600, RM400 and RM200 (doubles). Players finishing in the top three at the Grand Finals will pocket RM1,000, RM600 and RM300 (singles) and RM1,200, RM800 and RM400 (doubles). And as mentioned, 12 winners will also have the chance to join an exclusive international training camp. The AJBC is supported by the Sports, Co-curricular and Arts Division, Ministry of Education Malaysia and the Badminton Association of Malaysia. Registration for Qualifying Round 1 in Ipoh opens on 6 April 2026. For more information and for those who are keen to participate in the AJBC, please visit allianz.com.my/ajbc . Allianz Malaysia Chief Executive Officer, Sean Wang with the winners of AJBC 2025 during the Grand Finals last year The Allianz Junior Badminton Championship (AJBC) is gearing up for its fifth edition in 2026
- April 16, 2026Consumer Electronics
Fujifilm Launches Analog Instant Camera “instax mini 13”
An instax™ entry model instant camera has been renewed with a rounded, pop-inspired 3D design! Features a new self-timer, enjoy greater freedom in posing, framing, and shooting distance for your selfies! FUJIFILM Corporation announces the launch of “instax mini 13” (mini 13), a new entry model in the instax™ series of instant cameras, allowing users to enjoy on-the-spot photo printing. It will be available on April 24 in Japan. Alongside the mini 13, a range of matching accessories will be released simultaneously, including camera cases matching the body colors, the mini format film “PASTEL GALAXY” featuring vivid glossy color gradations, and an album for instax™ mini format film. The mini 13 is an analog instant camera that enhances the design and features of the instax mini 12™ (mini 12), which enables users to easily and beautifully capture images exactly as intended through simple operation. The camera body features a pop-inspired design with a soft, rounded 3D form, making it an item users will want to carry with them as a fashion accessory. Key visual of “mini 13” The mini 13 offers simple operation—just turn the lens to power on, frame your shot, and press the shutter button—and now features newly added 2-second and 10-second self-timers. The 2-second timer lets you enjoy selfies by preparing your expression and pose without worrying about camera shake when pressing the shutter button. Meanwhile, the 10-second timer expands your freedom to experiment with poses, framing, and shooting distance by allowing you to place the camera down to capture full-body shots and more. Fujifilm will continue to expand the world of the instax™ instant photo system that allows people to enjoy on-the-spot photo printing. 1. Product Name, Release Date, Price (1) Instant camera “instax mini 13” (available in 5 colors) Dreamy Purple Candy Pink Frost Blue Lagoon Green Clay White (2) Camera case for “instax mini 13” (3) instax™ mini format film “PASTEL GALAXY” (4) instax™ mini format film album 2. Main Features of the “instax mini 13” (1) Rounded, 3D and Pop Camera Design The camera body features a playful design characterized by a rounded, 3D shape, making it appealing as a fashion accessory. A metallic silver logo adds an eye-catching accent to the front of the camera, while the sides feature a clean, band-wrapped design adorned with a large logo, reflecting careful attention to detail. The camera is available in five translucent pastel colors: Dreamy Purple, Candy Pink, Frost Blue, Lagoon Green, and Clay White. Logos are placed on the front and side of the camera (2) Two Built-in Self-Timers Expand Creative Possibilities The newly added 2-second and 10-second self-timers expand the freedom of posing, framing, and shooting distance when taking selfies. Turning the self-timer lever on the shutter button sets the 2-second timer. By holding the lever turned for 2 seconds and then releasing it, the 10-second timer is activated. The 2-second self-timer is ideal for handheld selfies, while the 10-second timer is perfect for placing the camera down to capture the shot. Turn the self-timer lever to set the timer Scene of taking a selfie using the self-timer (3) Including the Camera Angle Adjustment Accessory The addition of the “Camera Angle Adjustment Accessory” makes it possible to adjust the camera angle and easily enjoy self-timer shooting without the need for a tripod. (4) Close-up Mode and Automatic Exposure for Easy, High-Quality Shooting Featuring the popular “Close-up mode” and “Automatic Exposure” functions introduced in the mini 12, the mini 13 makes it easy for anyone to capture beautiful shots just as intended. The “Close-up Mode”, ideal for close-range shots and selfies, includes parallax correction that adjusts the viewfinder’s framing to match the actual print area, allowing you to shoot accurately without shifting the focus from the center of the viewfinder. Additionally, the “Automatic Exposure” function automatically adjusts shutter speed and flash intensity to ensure optimal brightness according to the shooting scene. Close-up mode With the “Close-up mode” turned on No need to shift the center point seen through the viewfinder With the “Close-up mode” turned off The center point tends to shift to the right compared to the viewfinder’s field of view Automatic Exposure Photo taken in a bright condition Photo taken in low light With the “Automatic Exposure” function, photos can be taken with optimal brightness in both bright conditions and low-light conditions 3. Promotion of instax mini 13™ With the newly added self-timer on the mini 13, users can enjoy selfies with greater freedom in posing, framing, and shooting distance. The promotional tagline “time for the unexpected” expresses our hope that users enjoy their print immediately after shooting and the excitement of not knowing exactly how the photo will develop. The tagline is used online, on social media and at stores to communicate the appeal of the mini 13 to as many people as possible. 4. instax UP!™ Smartphone App In March of this year, we updated our smartphone app “instax UP!” which allows users to easily and beautifully digitize their instax™ prints. In this updated version, AI has been adopted in the scanning function, significantly improving scan accuracy and enabling easy, clean digitization of instax™ prints regardless of background color or print orientation. Users can easily digitize instax™ prints taken with the mini 13 and share them on social media using instax UP!™. About the instax™ analog instant camera lineup As analog entry-level models of the instax™ instant cameras, which allow users to take photos easily and beautifully, Fujifilm offers a lineup consisting of the pop-designed mini 13™ and the fashion-forward classic design instax mini 41™. These cameras are designed not only to print cherished moments instantly but also to serve as fashionable accessories. We have meticulously crafted the camera designs to ensure they can be enjoyed both functionally and as stylish items. About the instax™ brand Since its original launch in 1998, the instax™ series of instant cameras has embraced trends and evolving technologies with time and expanded its lineup to include not only analog instant cameras, but also hybrid instant cameras using digital technology, smartphone printers and palm-sized digital camera. The instax™ continues to offer diverse ways to enjoy photography, broadening the user base in more than 100 countries. instax , instax mini 12 , instax mini 13 , instax mini 41 , and instax UP! are registered trademarks or trademarks of FUJIFILM Corporation.
- April 16, 2026Public Company
Kallang Wave Mall transformation to bring engaging experiential concepts to life
Kallang Wave Mall is embarking on an extensive asset enhancement initiative (AEI) to transform it into an experiential sport and lifestyle retail destination at The Kallang. The AEI will include inviting new community spaces, refreshed façades, upgraded alfresco dining areas along the Stadium Park Connector, and a new 24-hour through-block link corridor for greater connectivity within the precinct. Shoppers can also look forward to sport and lifestyle concepts that reflect the lively spirit of The Kallang. The mall, which is an integral part of The Kallang and managed by CapitaLand Investment (CLI), will continue to operate throughout the phased AEI which commences from May 2026, with completion targeted for 2028. OCBC Square will be refreshed with an exciting tenant lineup and a welcoming plaza for community events Mr Quek Swee Kuan, Chief Executive Officer, The Kallang Group, said: “The transformation of Kallang Wave Mall represents a leap forward in our vision for The Kallang to be Singapore’s epicentre of excitement and the destination of choice for sport, entertainment, lifestyle and community events in Asia Pacific. This asset enhancement extends beyond infrastructural upgrading. We are shaping the way people experience sport, entertainment, lifestyle and community as one seamless, integrated journey. By building open, inclusive and dynamic spaces that invite connection and discovery, we’re creating a vibrant destination with a renewed energy and sense of place. This is the spirit of The Kallang; a place that inspires everyone who comes here to connect, celebrate and truly Feel Alive .“ Mr Ervin Yeo, Chief Executive Officer, Commercial Management, CLI, said: “We are reimagining Kallang Wave Mall as a top-of-mind destination that energises, inspires and connects people. Drawing on CLI’s deep expertise in commercial management and experiential placemaking across our retail and workspace properties, we are curating a mix of sports, lifestyle, dining and community-led experiences that brings The Kallang’s ‘ Feel Alive ’ spirit to life. Kallang Wave Mall comprises both a box component and outdoor waterfront commercial spaces. The rejuvenated mall will be more than a mall; it will be a destination where locals and visitors will want to visit to connect with The Kallang’s energy.” Adrenaline meets energy in reimagined spaces An iconic feature since Kallang Wave Mall opened in 2014, the climb wall will be reimagined to further strengthen the mall’s appeal as a must-visit destination for climbing enthusiasts. Standing at 21-metres tall, the new wall with elements of real rock walls will be one of Southeast Asia’s tallest indoor climbing walls. Its apex will rise to approximately 10 metres above the mall’s roofline, rewarding adventurous climbers who reach the summit with picturesque, expansive views of The Kallang and the Kallang Basin. Operated by Climb Central, the new facility will also introduce bouldering walls, completing a comprehensive range of climbing offerings for both new and experienced climbers. On the rooftop of the mall, a new padel ecosystem will be created, featuring six sheltered competition-ready courts for both casual and competitive play. Additionally, a new multi-sensory playscape will replace the existing water playground. The enhanced area will feature an engaging water play experience with larger-than-life installations and a kinetic dry play zone. Together, these enhancements will create a distinctive, dynamic space for children and their families. To further support active lifestyles, an end-of-trip facility will be introduced to cater to cyclists and users of the Stadium Park Connector and Kallang Basin. Equipped with bike parking, bag storage, and shower facilities, the space will allow visitors to conveniently pause or conclude their exercise route at Kallang Wave Mall. Operated by Climb Central, the new climbing facility will feature bouldering walls and one of the tallest climb walls in Southeast Asia. New and experienced climbers are welcomed Experiential retail centred on community-building As a destination mall, Kallang Wave Mall will bring experiential retail to life with a refreshed lineup. Visitors arriving from Stadium MRT will be welcomed by revitalised shopfront facades along OCBC Square, including an LED screen capable of projecting 3D anamorphic displays. Within the mall, curated tenant offerings with a focus on community engagement will complete the refreshed experience. New to the mall will be homegrown lifestyle and wellness company, ReFormd Group. They will debut a 360-degree high impact and science-backed fitness, wellness and recovery concept at the mall. Catering to diverse needs and lifestyles of modern active users, the concept will include a full fledge gym with personal training services, a recovery centre with cold plunges and ice baths, and a retail section. Runners at The Kallang can look forward to the New Balance Run Hub, a community flagship store envisioned as a focal point for Singapore’s running community. Beyond retail, the Run Hub will offer runner-centric amenities, regular training sessions with experts and run specialists, and a calendar of running-related events. These initiatives are designed to bring together seasoned athletes and casual runners through regular interactions and shared experiences. A performance-led flagship retail concept by Key Power Sports featuring XTEP and familiar favourites 2XU and Speedo will add to the mall’s sport offerings. Designed as more than just a retail space, these concepts integrate shopping with community-driven programming such as regular training sessions and sports clinics focused on improving performance. With its open spaces and proximity to park connectors, Kallang Wave Mall is further strengthening its appeal to pet owners. Mutts & Mittens will establish a purpose-built, all-in-one pet community hub along the park connector. The concept will include a pet pool, boarding and training facilities, grooming services, a bakery and a retail section. Leveraging on its location, Mutts and Mittens looks to organise weekend programmes such as dog sports and training classes, community pet walks and competitions to bring the community together. Enhanced alfresco dining experience by the park connector New experiential retail offerings centred on sports, lifestyle and community-led experiences will be introduced Within the mall, curated events and activations will provide fresh experiences Elevating everyday experiences The transformation of Kallang Wave Mall will extend beyond sports, fitness and wellness. Curated gastronomic dining concepts and thematic alfresco dining settings by the waterfront will form part of the mall’s expanded offerings. Patrons can look forward to a variety of dining options, from cafes and family-friendly restaurants to unique bistro-pub concepts for socialising after work or a workout. Facility closures and mall tenant changes during the enhancement period A few facilities around the precinct will be temporarily closed or relocated to facilitate the phased AEI. These changes are part of the roadmap to safely and efficiently upgrade the mall while reducing impact on visitors. Splash-N-Surf is closed for renovation works to make way for a new rooftop wet and dry playscape. The new playscape is expected to reopen in 1Q 2027. Singapore Sports Museum is closed and will reopen in 3Q 2027 as a refreshed, experience-led attraction bringing Singapore’s sporting stories to life. The mall will continue to operate throughout the phased AEI and visitors can refer to http://www.thekallang.com.sg/shop-dine/enhancement-works-kallang-wave-mall for the latest information on tenants and scheduled works. Please refer to the Annexes for artist’s impressions of the revamp of Kallang Wave Mall. For hi-res images, please download from this: https://bit.ly/KWM-AEI-photos News Release Download (opens in a new tab)
- April 16, 2026Land & Property
Commentary on Monthly New Home Sales for March 2026
March’s private developer sales surged to its highest since Oct 2025 on robust take-up at several new launches following the Chinese New Year lull. 1,043 new units were launched compared to just 15 units in February. Correspondingly, 1,300 new private homes were sold, more than 5 times the 246 units in Feb 2026 and up 78.3% y-o-y from 729 units in Mar 2025. This takes the tally of new private home sales in Q1 2026 to 2,012 units, down 31.6% q-o-q from 2,940 units in Q4 2025 and down 40.4% y-o-y from 3,375 units in Q1 2025. The lower comparative was due to the high base in 2025 which saw bumper new launches capturing latent demand amid sharp falls in mortgage rates. Homebuying appetite has remained surprisingly strong in March despite heightened volatility and economic uncertainty from the Middle East conflict which started on 28 Feb, probably as mortgage rates are still at its lowest levels since 2022 and any effects from the energy crisis have yet to filter into the wider economy. Top 10 Selling Projects in March 2026 (including ECs and landed) Source: CBRE Research, URA New private home launches in March 2026 Source: CBRE Research, URA There were 2 major new private launches in Mar 2026, River Modern (455 units) at River Valley Green in the CCR and mixed-use suburban project Pinery Residences (588 units) at Tampines Street 94 . They were also the top two best-selling private projects in the month, accounting for 74% of the 1,300 new private homes sold in March 2026. Pinery Residences (588 units) led, seeing a robust take-up of 543 units or 92% of its total units at a median price of $2,547 psf. Located in the mature Tampines estate, the project saw strong demand from upgraders and first-time homebuyers given its proximity to transport, retail and lifestyle amenities as a mixed-use development next to the Tampines West MRT station. River Modern (455 units) was the second-best performer, moving 416 units or 91% of its total units at a median price of $3,220 psf. Located in the prestigious River Valley precinct, the project appealed to many owner-occupiers given its larger unit sizing and efficient layouts. Unsatiated demand for Pinery Residences probably spilled over to Parktown Residence (1,193 units), which was another Tampines project launched and sold very well in Feb 2025. Parktown Residence was the third best-selling private project in March 2026, selling a further 29 units at a median price of $2,307 psf, which brings its take-up to 96.7%. By market segment, Mar 2026’s developer sales (excluding ECs) were led by the Outside Central Region (OCR) given the success of Pinery Residences . 665 units or 51% of total March sales were recorded, compared to 80 units (33%) in Feb 2026. The Core Central Region (CCR) moved 472 units (36% of total March sales), up from 63 units (26%) in February. The Rest of Central Region (RCR) moved 163 units or 13% of total March sales after 103 units (42%) in Feb 2026. New Home Sales (excl. ECs) by quantum Source: CBRE Research, URA Based on Realis new sales (excl. EC) caveats extracted on 15 Apr 2026. Based on quantum size, there was quite an even distribution from S$1.50 – 5.00 mil. The largest proportion of new private homes sold (excl. ECs) at 28% was in the S$1.50 – 2.00 mil range from smaller units sold at River Modern and Pinery Residences . The $3.00 – 5.00 mil range was second at 22%, followed by the $2.00 – 2.50 mil and $2.50 – 3.00 mil range which trailed slightly behind at 22% and 21% respectively. Outlook and Forecasts March’s sales will take the tally of new homes sold in Q1 2026 to 2,012 units. Looking ahead, sales momentum could hold firm given strong interest in upcoming OCR launches such as Vela Bay (515 units) in the Bayshore district and Tengah Garden Residence (863 units) in Tengah. Both projects are well-located near existing or future MRT stations in precincts earmarked for transformation by the URA and could see healthy interest from upgraders and first timers who believe in the growth potential of the areas. While homebuying sentiment and appetite has been resilient so far amid low mortgage rates and steady household income growth, the increasing possibility of a protracted Middle East conflict may increase caution among homebuyers, who could become more discerning in their purchase decisions especially given inflationary pressures from higher fuel and food prices. Competitive and realistic developer pricing will be critical. Barring major economic shocks, CBRE Research projects that 7,500 – 8,500 new homes will be sold in 2026 given a decent pipeline of attractive new launches, healthy household balance sheets, and low mortgage rates. This represents a moderation after above-trend sales of 10,815 units in 2025 and is slightly below the 5-year average (2021 – 2025) of 8,766 units. Correspondingly, private home prices, which rose 3.3% in 2025, are likely to grow at a stable pace in 2026. CBRE Research forecasts price growth of 2 – 4%. 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, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at https://www.cbre.com/ .
- April 15, 2026Public Company
NX Vietnam's Quang Minh Logistics Center becomes first Japanese forwarder facility in Hanoi* to obtain air cargo CFS license
Nippon Express (Vietnam) Co., Ltd. (President: Takushi Mogi; hereinafter "NX Vietnam"), a group company of NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri), has become the first Japanese freight forwarder to obtain an air cargo CFS license for a facility in the northern Vietnamese city of Hanoi: the Quang Minh Logistics Center that opened for business in April 2026 in the Quang Minh Industrial Park. Qualifying for this license required establishing a framework capable of performing the full spectrum of operations from air cargo consolidation and packing to bonded transport procedures, significantly enhancing the Center's logistics service capabilities. (Exterior view of warehouse) (Interior view of warehouse) With Vietnam enjoying rapid economic growth, congestion has become the norm at Hanoi Noi Bai International Airport's cargo terminal due to expanding demand for air cargo transport. Against a backdrop of changes in the business environment and moves to optimize global supply chains, the acquisition of this CFS license helps satisfy customer demands for a faster and more efficient logistics network. The Quang Minh Industrial Park in which the Logistics Center is located offers excellent access to the economic and commercial hub that is the capital city Hanoi, being situated a mere 15-minute drive from Hanoi Noi Bai International Airport. Utilizing both the Logistics Center's strategic location and its CFS functions despite being an off-airport facility enables NX Vietnam to avoid cargo backlogs at the airport terminal and to ensure timely delivery in accordance with flight schedules. Such agile operations deliver significant convenience and a competitive edge in air cargo services. [Overview of facility and services offered] The newly established CFS area (1,000m2) within the Quang Minh Logistics Center is fully equipped with high-rise racks, security cameras, and lockable secure areas. Air cargo loading and unloading, temporary storage of export-ready cargo, bonded transport procedures and other operations are carried out under in-house management, making cargo control more efficient and customers' logistic flows smoother. [Key benefits of obtaining this license] Reduced lead times and increased efficiency Centralizing air cargo consolidation and bonded transport procedures within an NX Vietnam warehouse reduces waiting times at airport terminals and similar external facilities. Shorter lead times are achieved through reliable shipment schedule management unaffected by congestion. Streamlined and optimized transport processes Efficiently aggregating and consolidating cargo at an in-house CFS and transporting it to the airport in bulk optimizes transport frequency. The Logistics Center provides agile, high-value-added transport solutions that keep pace with the evolving speed of its customers' businesses. Enhanced cargo safety and security Cargo handling quality is improved and the risk of loss or damage reduced through consistent operations under in-house management, while strict security measures and advanced storage systems enable the company to safely manage customers' valued cargo. High-quality one-stop service NX Vietnam will leverage its status as the only Japanese forwarder with an off-airport CFS facility in Hanoi to develop unique schemes that address region-specific logistics challenges. Pioneering initiatives will be pursued in the Hanoi area to create new value for customers' supply chains. The NX Group will continue strongly supporting its customers' global business expansion and contributing to the development of the regional economy by providing high-quality and efficient logistics services. [Profile of warehouse] Among off-airport facilities run by Japanese freight forwarders operating in the Hanoi area
- April 13, 2026Top Stories
CapitaLand Asia Pacific Credit Program II achieves US$320 million in final close
CapitaLand Investment (CLI) has achieved final close for CapitaLand Asia Pacific Credit Program II (ACP II), the second regional fund under its flagship real estate credit series. ACP II is allocated to five first mortgage loans for assets located in Australia and South Korea, markets where CLI has an established presence. Pictured is one of the assets, a new campus-style Grade A office located in Sydney. CapitaLand Investment Limited (CLI), a leading global real asset manager, has achieved final close of the CapitaLand Asia Pacific Credit Program II (ACP II), reflecting continued investor demand for senior secured, asset-backed real estate credit strategies. ACP II is CLI’s second regional fund under its flagship real estate credit series, strengthening its platform with US$320 million (approximately S$403 million[1]) in total equity commitments and adding approximately US$600 million (over S$750 million[1]) to its funds under management. Amid tightening bank lending conditions and rising demand for flexible capital solutions, CLI continues to grow its real estate credit franchise underpinned by its operating depth and strong governance framework. This is further supported by a positive outlook in the Asia Pacific (APAC) real estate credit market. Backed by tangible collateral, real estate credit offers downside protection and has seen rising institutional demand. APAC fundraising has reached US$11.2 billion between 2020 and 2024, up more than 40% over the previous five-year period. In the region, real estate-backed lending is under penetrated, accounting for just 6% of total financing, compared with 21% in Europe and 41% in the United States, presenting an early mover advantage[2]. Kishore Moorjani, Chief Executive Officer, Alternatives, Private Funds, said: “Real estate-backed credit is central to CLI’s credit platform and is structurally differentiated from private corporate lending. Our disciplined focus on senior secured, asset-backed investments positions us away from the challenges currently facing the wider credit sector. The successful close of ACP II is testament to CLI’s position as a partner of choice in APAC. CLI stands out with our deep asset-level expertise and strong operating capabilities. We remain committed to scale our asset-light fund management platform.” ACP II secured equity commitments from a diverse group of capital partners predominantly in APAC. These include a balanced mix of new and existing investors such as insurers, financial institutions, and family offices. CLI holds a 20% sponsor commitment in ACP II, aligning its interests with investors. Arjun Pandit, Managing Director, Private Funds (Credit), said: “The strong investor participation underscores confidence in CLI’s ability to originate and structure senior secured real estate credit with discipline and consistency across APAC. Our focus on developed, transparent and well-regulated markets where we have a deep local presence and operating insights allow us to source opportunities with strong downside protection and actively manage potential blind spots. With a robust pipeline in place, we are well positioned to deploy capital strategically and build on the momentum of our flagship APAC credit series.” ACP II is allocated to five first mortgage loans for logistics, office and living assets located in Sydney, Australia, and in the Seoul Metropolitan Area in South Korea, markets where CLI has an established presence. CLI, together with Wingate, has deployed over S$10 billion in credit investments across APAC to date. CLI’s acquisition of Wingate, one of Australia’s largest private credit investment managers, has broadened CLI’s distribution network across high-net-worth investors and institutional platforms, further reinforcing its position as a leading real estate credit player in the region. The final close of ACP II follows the full realisation of ACP I, CLI’s inaugural credit programme. The A$265 million (approximately S$240 million) fund financed two prime mixed-use developments in Melbourne and Adelaide. In South Korea, CLI’s KRW180 billion Korea Credit Program, a partnership with Korea Investment & Securities, has been fully deployed across diversified asset classes in Seoul. Notes [1] Based on an exchange rate of US$1 to S$1.26 unless stated otherwise. [2] CapitaLand Investment Research, “The Rising Tide of Asia Pacific Real Estate Private Credit”, August 2025. Downloads News Release (PDF)
- April 13, 2026Top Stories
GPT launches first transaction-ready digital gift card solution in shopping centres
The GPT Group (‘GPT’) now seamlessly delivers digital gift cards to customers nation-wide, partnering with Mastercard, Google Pay and Apple Pay to create the Australian-first transaction-ready digital gift card solution across its portfolio of shopping centres. GPT is the first retail landlord to go live with transaction-ready digital gift cards, removing the standard 48-hour period waiting for funds to clear, as well as to provide all shopping centre gift cards within a single app. The gift cards are redeemable across all retail stores in GPT’s owned and managed assets, and live in virtual wallets to ensure purchased vouchers cannot be lost as with physical gift cards. Melissa Prpic, Head of Digital & Marketing, Retail at GPT says: “We are delighted to have pioneered the first transaction ready digital gift card solution in Australian shopping centres, to provide our customers with better and safer gift options this Christmas. This new initiative offers unparalleled convenience and enhances the customer experience, while allowing our Guest Services teams to better service customers in other ways during the busiest time of year.” The GPT gift cards can be purchased via a number of platforms for $2.95: QR code Scan to Purchase – direct scan to purchase gift cards for a specific centre GPT Gifting App (Digital & Physical, all centres, check balances) Webstore (Digital & Physical) example: https://www.melbournecentral.com.au/gift-card-packages/gift-cards-1 In-centre Kiosk (where available) Concierge desk (Physical or Digital)
- April 11, 2026Business
IOI Strengthens Responsible Recruitment With New Pre-Employment Orientation Programme
IOI Corporation Berhad (IOI) demonstrated its commitment to enhance pre-employment practices and safeguard workers’ rights, particularly in ensuring zero recruitment cost and minimising the risk of human rights violations, with a new Pre-Employment Orientation (PEO) programme. The new PEO programme, spearheaded by IOI, was successfully developed in collaboration with the International Organization for Migration (IOM), with co-funding support from Bunge . It marks an important step in strengthening responsible recruitment practices within the industry, and IOI is the first organisation to incorporate an independent PEO module. The PEO training module covers key areas such as mental preparedness for working abroad, an introduction to Malaysia and IOI, ethical recruitment practices, grievance mechanisms, and financial literacy. These components are designed to support workers in adapting to their new environment while promoting informed decision-making. The first Train-the-Trainer session was organised by IOM in Lombok, Indonesia, on 22 January 2026, bringing together selected Indonesian non-governmental organisations (NGOs)/civil society organisations (CSOs). The session aimed to equip the NGOs/CSOs with the necessary knowledge and guidance to deliver PEO training to IOI’s selected workers prior to their deployment to IOI plantations in Malaysia. This approach ensures that workers are better prepared and informed about human rights, labour issues such as debt bondage, zero recruitment fees as well as their roles and responsibilities to IOI, before commencing their employment. Our first Train-the-Trainer session for the PEO was held on 22 January 2026 in Lombok, Indonesia. (File pic by IOI Corporation). To reinforce internal alignment, a subsequent hybrid training session was conducted on 13 March 2026 for IOI personnel, involving representatives from both Human Resources and Sustainability departments across IOI’s businesses. The session ensured that all relevant stakeholders shared a consistent understanding of the programme and its objectives. A subsequent training session was conducted at IOI Headquarters on 13 March 2026. (File pic by IOI Corporation).
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