- July 3, 2025Business
Lunit and Microsoft Collaborate to Advance AI-Driven Cancer Diagnosis
Lunit (KRX:328130.KQ), a leading provider of AI for cancer diagnostics and therapeutics, today announced a collaboration with Microsoft to accelerate the delivery of AI-powered healthcare solutions. In conjunction with their recent acquisition of Volpara, a Microsoft Industry Health Certified Partner, this collaboration will give health professionals globally access to tools that will assist in the detection of cancer. This underscores Lunit’s long-term vision to move beyond standalone AI tools—toward building integrated solutions that align with real-world clinical practice. By joining forces with Microsoft, Lunit is poised to deliver scalable technologies that not only streamline radiology workflows but also drive measurable improvements in diagnostic consistency and patient care across diverse healthcare settings. This marks a significant milestone in Lunit’s mission to expand access to AI tools, particularly in the U.S. market, by leveraging Microsoft Azure’s global cloud infrastructure and deep expertise in healthcare-focused AI technologies. Key highlights of the collaboration include: Co-Development of AI Model Customization Service on Azure: Lunit and Microsoft collaborate to develop a service that allows fine-tuning of AI models using site-specific clinical data from each customer. This approach helps mitigate cross-site model performance variability—one of the key challenges in deploying AI in real-world clinical environments—and ensures more reliable, tailored outcomes in diverse clinical settings. Leveraging Microsoft’s AI Platform for Innovative Workflow Solutions: Moving beyond point solutions, Lunit will leverage Microsoft's agentic AI frameworks—designed to support intelligent task automation—to develop end-to-end workflow automation tools. These solutions aim to simplify clinical decision-making and enhance operational efficiency across the care continuum. “For AI to truly make an impact in healthcare, it must be accessible, scalable, and seamlessly integrated into clinical practice,” said Brandon Suh, CEO of Lunit. “Our collaboration with Microsoft enables us to bring our AI to more providers through trusted platforms like Microsoft Azure, helping us expand access in the U.S. and beyond. This collaboration brings us one step closer to delivering high-quality, consistent care through AI—at scale.” “With Microsoft Azure, we are shaping an ecosystem that supports partners like Lunit in delivering scalable AI innovations,” said Naveen Valluri, General Manager, Health and Life Sciences Data and AI at Microsoft. “By combining our infrastructure with clinical-grade AI developed in close collaboration with leaders like Lunit, we’re accelerating the development of intelligent, integrated solutions for radiology and beyond.”
- July 3, 2025Business
Towngas transfers Inner Mongolia green methanol plant to new joint venture with Foran Energy to expand production capacity
The Hong Kong and China Gas Company Limited (Towngas) announced the establishment of a joint venture company, VENEX Holding Company Limited (VENEX), with Foran Energy Group Company Limited (Foran Energy), with each party holding a 50% stake. Simultaneously, Towngas is transferring its green methanol plant in Ordos, Inner Mongolia — Inner Mongolia ECO Coal Chemical Technology Company Limited — to VENEX, joining forces to expand green methanol production capacity and drive energy transformation. Towngas possesses extensive experience in green methanol investment and operations, converting agricultural and forestry waste as well as scrap tyres into green methanol through proprietary technology. Since 2022, it has obtained ISCC EU and ISCC PLUS certifications for three consecutive years, making it the first company on the Chinese mainland to achieve both international certifications whilst maintaining large-scale green methanol production capacity. Towngas and Foran Energy signed a framework cooperation agreement in 2024, agreeing to jointly establish an investment platform to invest in and construct green methanol production bases across the Chinese mainland, including the Inner Mongolia Autonomous Region, the Greater Bay Area, and Hainan Province, with a target annual production capacity of one million tonnes. The transfer of the green methanol plant to VENEX marks a significant step for both parties in achieving increased production capacity. VENEX will fully capitalise on the geographical advantages of the Greater Bay Area as a shipping hub, along with existing production, management, and operational experience, to strengthen and expand the green methanol industry. The global shipping industry has a strong demand for green methanol. As a leading green fuel producer, Towngas is actively expanding cooperation with various sectors. Previously, Towngas signed a memorandum of understanding with the Transport and Logistics Bureau to support the HKSAR Government’s initiative to develop Hong Kong as a green maritime fuel bunkering and trading centre. Additionally, it has signed memoranda of understanding with multiple local and overseas shipping, trading, and bunkering partners to help develop Hong Kong’s green maritime fuel trading market and consolidate Hong Kong’s position as an international maritime centre. - END - Press photo: Photo 1: Towngas’s green methanol production plant in Inner Mongolia is the first large-scale green methanol producer on the Chinese mainland to obtain both ISCC EU and ISCC PLUS international certifications. For media enquiries, please contact: The Hong Kong and China Gas Company Limited Ms Kara Kwong Assistant Corporate Affairs Manager Tel: 2963 3497 / 6698 3357 Email: [email protected] Mr Julius Chow Senior Corporate Affairs Officer Tel: 2963 3471 / 6969 1360 Email: [email protected] Media Enquiries For media enquiries, please contact our Corporate Affairs Department. Corporate Affairs Department The Hong Kong and China Gas Company Limited 21/F, 363 Java Road North Point, Hong Kong WhatsApp: (852) 6702 6449 Email: [email protected]
- July 3, 2025Sports
AirAsia Junior Golf Ambassador Turned Full-Time Allstar Teams Up with Ripper GC at LIV Golf Korea
AirAsia has recently given a rare opportunity to one of its Allstars to compete at the LIV Golf Korea Pro-Am event held at Jack Nicklaus Golf Club. Capital A employee Rizal Redzuan finished tied at 5th in the rain-delayed event. He competed alongside Ripper GC Captain Cameron Smith and Marc Leishman. From left: Luke Kwon, Grace Hallinan, Rizal Redzuan, Cameron Smith, Marc Leishman and Chase Baek pose for a photo after the Pro-Am. They were joined by renowned content creators Luke Kwon and Grace Hallinan together with the Managing Director of Global Business & Head of Evnroll Asia Pacific Region, Mr Chase Baek. This initiative was part of the recent partnership between AirAsia and Ripper GC, one of the 13 teams in the LIV Golf League. Through this collaboration, AirAsia and Ripper GC aim to inspire a new generation of athletes and dreamers, reinforcing the belief that bold ambitions can take flight. Allstar, Rizal Redzuan, said: “I am very honoured to be part of AirAsia’s Dare To Dream initiative, which aims to champion individuals to reach and achieve their dreams. Starting golf at the tender age of 3 ½ years old at Kelab Golf Negara Subang, I had a dream of being a professional golfer, but decided not to pursue a career in it after graduating from Bond University, Gold Coast, Australia. Never have I imagined being given the opportunity to be part of AirAsia’s partnership with Ripper GC. I feel privileged to take part in the most memorable on-course opportunity, where the two brands jointly inspires golfers old and young alike.” Rizal when he was 7 ½ years old, posing with the Most Talented Young Junior Golfer trophy. AN ALLSTAR SINCE 7 Rizal participated in his first International golf tournament at the age of 7 ½ years old in Kuching, Sarawak, at the 2002 Sarawak Junior World Masters. AirAsia took a punt and sponsored him for 2 years to compete in 2 editions of this tournament. Here, he took home 1st Runner Up honours in the Under 8 category and even took home the ‘ Most Talented Young Junior Golfer ’ award. The unofficial first #DareToDream athlete . PROFESSIONAL GOLF ASPIRATIONS Rizal moved over to Gold Coast, Australia, when he was 14 to obtain both his secondary education and initially pursue a career in being a professional golfer. Upon receiving his Bachelor of International Relations degree, he decided to forgo his dreams. A FULL 360 AS AN ALLSTAR Upon returning to Malaysia and after starting his professional career in Public Relations and Stakeholder Relations at MRT Corp in 2015, Rizal accepted a life-changing career offer with AirAsia by joining the Social Media Department in February 2019. UNBELIEVABLE DREAM Through his role via the Communications Team at Capital A, when AirAsia signed its partnership with Ripper GC, Rizal never thought that he would be able to relive the dream, even for a fleeting moment, to be given the chance to feel like a professional golfer. The partnership between AirAsia and Ripper GC enabled him to be part of the project, which includes creating content for the everyday golfer and fans of the AirAsia brand. The round of golf at the pro-am was something beyond his dreams. It was truly a memorable week spent with the Ripper GC team and to come full swing in his career, being associated with the AirAsia brand. Follow us for more Dare To Dream stories, developments of the partnership at our @airasia Instagram page.
- July 2, 2025Business
CATL and Partners Break Ground on US$6 Billion Battery Integration Project in Indonesia
Ningbo Contemporary Brunp Lygend Co., Ltd. (CBL), a subsidiary of Guangdong Brunp Recycling Technology Co., Ltd (Brunp), in partnership with PT Aneka Tambang Tbk (ANTAM) and Indonesia Battery Corporation (IBC), today officially broke ground on the Indonesia Battery Integration Project in Karawang, Indonesia's West Java Province. Brunp is a subsidiary of Contemporary Amperex Technology Co., Limited (CATL). Spanning over 2,000 hectares, the Indonesia Battery Integration Project, with a planned investment of nearly USD 6 billion, covers the full battery value chain including nickel mining and processing, battery materials and battery recycling at the FHT Industrial Park of East Halmahera, North Maluku Province, and battery manufacturing in Artha Industrial Hill (AIH) and KNIC of Karawang, West Java Province. The battery plant in Karawang will deliver an annual capacity of 6.9 GWh in the first phase. By applying CATL's Lighthouse Factory and Extreme Manufacturing experience, the plant will ensure efficient production of high-quality battery cells and modules to accelerate e-mobility and energy transition efforts in Indonesia and the world. The other key component of the project is the establishment of Indonesia's first renewable energy circular system, with nickel mining and processing, battery materials, and battery recycling operations deployed at the FHT Industrial Park. This landmark project will use state-of-the-art technologies and renewable energy to achieve ultra-low energy consumption, enabling improved cost efficiency, and high-value battery material regeneration with a metal recovery rate of over 95%. Once fully operational, the facility is expected to produce 142,000 tons of nickel and 30,000 tons of cathode materials annually, along with the capacity to process around 20,000 tons of recycled batteries. This project, the largest initiative of its kind in Southeast Asia, clearly demonstrates Indonesia's dedication to promoting sustainable energy, declared Prabowo Subianto, President of the Republic of Indonesia while attending the ground breaking ceremony in Karawang. He also expressed enthusiasm for partnering with global stakeholders to develop a green battery industry ecosystem. By vertically integrating the entire battery value chain, the Indonesia Battery Integration Project sets a strong example of green, circular industrial development, establishing a new benchmark in international industry collaboration. It is expected to create 8,000 direct jobs and generate 35,000 indirect job opportunities by the time it reaches full capacity, and it will make significant contribution to Indonesia's 2060 carbon neutrality target. The ground breaking marks a key milestone in advancing the Indonesia Battery Integration Project, which will further enhance CATL's global footprint, create resilience of raw materials supply, and promote global battery circularity.
- July 2, 2025Business
SBF and CapitaLand Investment Unite Business Community to Reaffirm Commitment to National Defence on SAF Day
The Singapore Business Federation (SBF), in partnership with CapitaLand Investment (CLI), co-organised The Singapore Armed Forces (SAF) Day 2025 Combined Rededication Ceremony (CRC). Held at Capital Tower, the event was graced by Minister for Defence (MINDEF) Chan Chun Sing and attended by representatives from about 80 organisations, comprising approximately 220 key stakeholders. The business community reaffirmed their unwavering support for Singapore’s defence and honoured the dedication of National Servicemen (NSmen). The event also commemorated six decades of commitment by the SAF in safeguarding Singapore’s sovereignty and security. This marked Minister Chan’s first SAF CRC in his capacity as Defence Minister. Jointly organised for the first time by SBF and CLI, the event highlighted the close nexus between businesses and national security. Businesses not only provide essential services to support Singapore’s defence but also employ NSmen who form the backbone of the country’s operational readiness. The event provided an opportunity for business leaders to pledge their continued support for National Service and NSmen. An exhibition showcasing defence technology and capabilities was also held in conjunction with the ceremony. Business and Defence Leaders Discuss Economic and National Security A fireside chat was held with Minister Chan and CLI’s Group Chief Strategy Officer and Chief Executive Officer, Commercial Management, Ervin Yeo. The session was moderated by SBF Chief Executive Officer and ACCORD’s Employer and Business Council Co-Chair Kok Ping Soon. The discussion centred on: The evolving security environment and its implications for economic security The importance of National Service and NSmen, and the measures MINDEF/SAF have taken to maintain strong support from businesses How the business community continue to support National Service and NSmen. The panellists shared their perspectives on how businesses can remain resilient in a fast-changing geopolitical environment and support the institution of National Service. Mr Kok Ping Soon, Chief Executive Officer of SBF said, “As we commemorate SAF Day, SBF is honoured to organise this event between our nation's defence and business leaders. A strong, credible defence is the bedrock of Singapore’s economic security and prosperity. In an era of increasing geopolitical volatility, the symbiotic relationship between a robust SAF and a resilient business community has never been more vital. SBF stays committed in ensuring Singapore remains a stable, trusted, and competitive global business hub, as we continue to champion this partnership for our collective success.” Mr Ervin Yeo, Group Chief Strategy Officer and Chief Executive Officer, Commercial Management, CLI said, “We are honoured to have hosted this year’s Combined Rededication Ceremony at Capital Tower together with SBF, especially in this milestone year marking 60 years of the SAF, and 25 years of CapitaLand Group. Singapore’s safety and stability are fundamental to our nation’s continued success in attracting global businesses to anchor here with confidence, and for local enterprises to grow and thrive. The business community plays a key role in supporting National Service and recognising the contributions of NSmen through workplace practices that enable their service and reintegration. CLI remains committed to doing our part in strengthening both economic and national resilience.”
- July 2, 2025Business
AirAsia X marks strong performance on Karachi-Kuala Lumpur route with 80% load factor in the first month
AirAsia X (AAX), the medium-haul affiliate of the World’s Best Low-Cost Airline, today celebrated one month of operations on its Karachi–Kuala Lumpur route, recording an average load factor of 80 per cent since the inaugural flight on 30 May 2025. The consistently strong demand from both Karachi and Kuala Lumpur reflects the robust air travel market between Pakistan and Malaysia. Forward bookings for the next quarter remain healthy, with solid load factors projected for the months to come, further affirming confidence in the route’s long-term potential. Beyond point-to-point traffic, more than half of Pakistani guests connect via Kuala Lumpur to other destinations across Asean and beyond through AirAsia’s Fly-Thru service. Top connecting cities include, Bali, Phuket, Singapore, Perth, Melbourne and more, signalling an increasing appetite for multi-stop travel among Pakistani outbound passengers. Additionally, 90 per cent of more 7,000 travellers in this sector thus far are non-Malaysians, highlighting the route’s role in strengthening Kuala Lumpur’s position as a regional hub. Benyamin Ismail, CEO of AirAsia X said: “The response to this route has exceeded our expectations. We are not only connecting two vibrant cities but also enabling affordable access to more than 130 destinations across the AirAsia network. This aligns with our strategy of expanding into high-potential, underserved markets with strong demand for value-based medium-haul travel.” H.E. Amb. Dato' Mohammad Azhar Bin Mazlan, High Commissioner of Malaysia to Pakistan said: “The launch of AAX direct flights between Karachi and Kuala Lumpur, and the strong momentum it has achieved in just one month, marks a significant step forward in strengthening the people-to-people, economic, and cultural ties between Malaysia and Pakistan. Enhanced air connectivity such as this opens new avenues for trade, tourism, education, and investment. We commend AAX for its commitment to improving regional connectivity and are proud to support its efforts in making Malaysia even more accessible to travellers from Pakistan, especially as we look ahead to Visit Malaysia 2026.” To celebrate the milestone, AAX is offering limited-time promotional all-in fares starting from only PKR59,999 one-way* from Karachi to Kuala Lumpur and from RM759 one-way* from Kuala Lumpur to Karachi. Bookings are available now through the AirAsia MOVE app, airasia.com, and authorised travel agents, for travel from now till 6 July for the travel period from 14 July 2025 to 30 June 2026 . Flight Schedule between Karachi (KHI) and Kuala Lumpur (KUL): *The all-in fare is inclusive of fuel surcharge, applicable taxes and fees, with a 7KG cabin baggage allowance. Other terms and conditions apply.
- June 30, 2025Business
MOVE Unveils 'MOVETIX Exclusive Legends Experience' for Zurich Liga 7x7 All Stars 2025
AirAsia MOVE (MOVE), the Online Travel Agent (OTA) platform of Capital A, is proud to be the Official Travel Partner for Zurich Liga 7x7 All Stars 2025 , Malaysia’s most anticipated football and lifestyle festival happening on 19 July 2025 at Stadium Bola Sepak Kuala Lumpur . As part of this exciting partnership, MOVE’s events ticketing platform, MOVETIX , has been given exclusive rights to sell the MOVETIX Exclusive Legends Experience , which includes meet & greet access with international football legends John Terry, Dimitar Berbatov, Ryan Giggs and Malaysia’s own Safee Sali. Zurich Liga 7x7 All Stars 2025 is more than just a football match. It’s a festival of sports, music, food, and entertainment where global football icons such as John Terry, Ryan Giggs, and Dimitar Berbatov will face off alongside Malaysia’s own legendary players and influencers in a thrilling 7-a-side format. The event promises interactive challenges, exclusive merchandise, live performances, and family-friendly fun—making it the ultimate day out for fans of all ages. Book your MOVETIX Exclusive Legends Experience at MOVETIX now for only RM758 !. Here’s what your exclusive experience will include: Fast-lane event entry Premium Pitchside seating for the best view of the action Group photo with all 4 football legends (John Terry, Ryan Giggs, Dimitar Berbatov, Safee Sali) Autograph session (bring your favourite merch or gear!) Special lane at the Liga X merchandise booth Light refreshments by the pitch Exclusive Flight & Hotel stay discount vouchers on MOVE app: RM100 Off* SNAP (Flight + Hotels) and RM 60 Off* Hotels Hassan Choudhury , CEO of MOVETIX said, "This is more than a ticket, it’s a front-row pass to the heart of football, music, and culture. We are honoured to be the exclusive platform bringing this elevated VIP experience to football fans across the region. At MOVETIX, we’re not just about selling tickets; we’re about curating unforgettable moments, seamlessly integrated within the broader MOVE ecosystem of flights, hotels, airport rides, and experiences to make every journey complete." For the latest updates, follow @airasiamove on Instagram & TikTok. Download the app from the Apple App Store , Google Play Store , and Huawei App Gallery for a smooth and enhanced booking experience. *** ENDS ***
- June 30, 2025Business
Towngas signs green methanol MOUs with parties including TLB to support Hong Kong’s development as green maritime fuel centre
The Hong Kong and China Gas Company Limited (Towngas) today participated in the Mainland Hong Kong Green Energy Matchmaking Event at the Central Government Offices, organised by the Commercial Office of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region. Towngas signed memoranda of understanding (MOUs) with both the Transport and Logistics Bureau (TLB) and Pacific Basin Shipping Limited (Pacific Basin), supporting the HKSAR Government’s initiative to develop Hong Kong as a green maritime fuel bunkering and trading centre. Green methanol represents a near-zero carbon option for the shipping industry to comply with international green maritime fuel regulations. Green methanol produced by Towngas’s subsidiary uses scrap tyres and agricultural and forestry waste as production feedstock, and has obtained multiple international certifications, including ISCC EU, ISCC PLUS, and ISO6583. Towngas is China’s first enterprise to achieve both ISCC EU and ISCC PLUS dual certification whilst commencing large-scale green methanol production. Under the MOU signed with the Transport and Logistics Bureau, Towngas, as a green maritime fuel producer, will actively supply marine green methanol fuel that complies with current international standards for delivery, bunkering, export, and trading in Hong Kong. The Company will use Hong Kong as a trading and settlement hub, supporting the territory’s development of a green maritime fuel trading market. The Transport and Logistics Bureau will incorporate Towngas into Hong Kong’s green maritime fuel business cooperation platform, facilitating connections with stakeholders interested in purchasing green maritime fuel, including bunkering operators, liner companies, and other third-party enterprises or institutions, with the aim of developing green maritime fuel-related business in Hong Kong and connecting to international markets. Simultaneously, Towngas signed an MOU with local shipping company Pacific Basin, establishing a framework for green methanol supply cooperation. Towngas will supply green methanol to Pacific Basin to help its fleet comply with EU and International Maritime Organization carbon emission reduction requirements. To support green methanol market deployment, Towngas had earlier signed an MOU with Chimbusco in November last year, establishing a complete green methanol supply chain in Hong Kong. Mr Peter Wong Wai-yee, Towngas Managing Director, stated, “The two MOUs signed today with the HKSAR Government and Pacific Basin mark another step forward for Towngas on the path of green energy transformation. We have consistently provided clean, sustainable fuel solutions for the global shipping industry, supporting Hong Kong’s achievement of carbon neutrality goals and assisting the Government in building a green maritime fuel bunkering centre, thereby consolidating Hong Kong’s position as an international shipping centre.” Mr Martin Fruergaard, Chief Executive Officer of Pacific Basin, said, “Our collaboration with Towngas represents important progress in our efforts to enhance our priority access to increasing and eventually very large volumes of green fuels, including green methanol, that ships will need to comply with tightening maritime decarbonisation regulations. Towngas has proven production capabilities, a strong commitment to innovation and decarbonisation, and a deep understanding of shipping’s green fuel needs which, combined with its expansion plans and role in Hong Kong and China’s green marine fuel bunkering ambitions, make Towngas an ideal partner for us.” Towngas’s green methanol production facility is located in Inner Mongolia, where the product produced recently completed bunkering operations at Shanghai Port—the first large-scale bunkering operation and currently Asia’s largest green methanol bunkering project. Towngas will continue to increase green methanol production capacity to meet the shipping industry’s growing demand for green methanol. The Inner Mongolia facility’s annual capacity is expected to increase from 100,000 tonnes to 150,000 tonnes by the end of this year. Additionally, the Group, together with Foran Energy, plans to build multiple green methanol production facilities on the mainland, targeting an annual capacity of one million tonnes. The Foshan facility is expected to achieve an initial annual capacity of 200,000 tonnes in its first phase by 2028. - END - Press photos: Photo 1: Guests including Ms Mable Chan (2nd from right, front row), Secretary for Transport and Logistics, and Mr Peter Wong Wai-yee (2nd from left, front row), Towngas Executive Director, and Mr Sham Man-fai (2nd from right, back row), Towngas Chief Operating Officer – Green Fuel and Chemicals, participating in the Mainland Hong Kong Green Energy Matchmaking Event at the Central Government Offices, organised by the Commercial Office of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region. Photo 2: Under the witness of Ms Mable Chan (left, back row), Secretary for Transport and Logistics, and Mr Peter Wong Wai-yee (right, back row), Towngas Executive Director, Mr Klaus Chan Kor-Shu, (left, front row), Principal Assistant Secretary for Transport and Logistics, and Mr Sham Man-fai (right, front row), Towngas Chief Operating Officer – Green Fuel and Chemicals, jointly sign the MOU to promote Hong Kong's development as a green maritime fuel bunkering and trading centre. Photo 3: Towngas also signs another MOU with local shipping company Pacific Basin. Both parties will negotiate the supply of internationally certified green methanol marine fuel from Towngas to Pacific Basin to help Pacific Basin's fleet comply with EU and International Maritime Organization requirements and carbon reduction targets. The photo shows Mr Sham Man-fai (right, front row), Towngas Chief Operating Officer – Green Fuel and Chemicals, and Mr Martin Fruergaard (left, front row), Pacific Basin Chief Executive Officer signing the MOU under the witness of Ms Mable Chan (centre, back row), Secretary for Transport and Logistics, Mr Peter Wong Wai-yee (right, back row), Towngas Executive Director, and Mr Alexander Cheung, Pacific Basin Non-executive Director (left, back row). Photo 4: Green methanol produced by Towngas is certified with both ISCC EU and ISCC PLUS, and was successfully bunkered at Shanghai Port earlier this year, marking not only the first large-scale bunkering operation of green methanol but also Asia's largest green methanol bunkering project. For media enquiries, please contact: The Hong Kong and China Gas Company Limited Ms Kara Kwong Assistant Corporate Affairs Manager Tel: 2963 3497 / 6698 3357 Email: [email protected] Mr Julius Chow Senior Corporate Affairs Officer Tel: 2963 3471 / 6969 1360 Email: [email protected]
- June 30, 2025Business
Delta SEA Partner Event 2025 Unites Regional Partners to Embrace a “Future Ready” Vision
Delta Electronics (Thailand) Public Company Limited , successfully hosted its Delta SEA Partner Event 2025: Future Ready at Delta Chungli Plant 5, Taiwan on June 10th – 11th , 2025,This exclusive two-day gathering welcomed key partners from Southeast Asia and the Asia-Pacific to explore emerging challenges and new opportunities in an evolving global landscape. Held under the theme “Future Ready,” the event focused on strengthening partnerships, fostering adaptability, and advancing shared goals across smart technology, automation, and sustainable infrastructure. The theme reflects Delta’s belief that real progress stems from preparation not prediction. With global economic uncertainty, shifting trade dynamics, and rapid technological acceleration including AI, energy transition, and digital infrastructure Delta draws on decades of practical experience to help its partners respond with clarity and confidence. “Future Ready” is about building practical, scalable, and responsible solutions that meet real-world challenges while enabling long-term sustainable growth. Driving Forward with Insight and Collaboration The event opened with a welcome video by Mr. Jackie Chang, COO & President of Delta Thailand, who emphasized the power of regional collaboration and Delta’s continued support for partner-led growth. This was followed by a keynote from Mr.David Leal, Vice President- Strategic Alliance & Development SEA, who set the tone for the event by outlining how agility, shared innovation, and resilience are essential for future-ready businesses across Southeast Asia. A series of expert-led sessions explored key themes shaping the region’s sustainable transformation: Ms. Maggie Hsia, Senior Manager of Delta Brand and Communication Division, Delta Electronics, shared “The Synergy of Delta’s Brand and ESG Commitments,” highlighting how Delta’s brand purpose and ESG strategy are closely aligned shaping both how the company is perceived externally and how it operates and collaborates internally. Mr. Johnny Shih, Senior Manager of Delta Brand and Communication Division, Delta Electronics, presented “Greening Intelligence: Charting the Future of Sustainable AI,” offering a forward-looking perspective on how AI innovation can be pursued responsibly with energy efficiency, and long-term environmental stewardship at its core. Mr. Alan Chou, Industrial Automation Platform SEA Head, led the session “Riding the Waves: Leading SEA Automation Forward,” examining the region’s industrial automation landscape and how smart factories and integrated systems are transforming efficiency, quality, and competitiveness in manufacturing. Mr. Jacob Sng, Building Automation Platform SEA Head and Ms. Rosi Dewi, Channel Sales Manager from Delta Singapore, co-presented “Smart IoT-Enabled Automation for Buildings for a Sustainable Future,” discussing how intelligent automation is enhancing energy performance, occupant experience, and system control in commercial and public buildings. Mr. Sakda Sae-Ung, Data Center Platform SEA Head, introduced “Unlock AI’s Potential Within Premises: Overcoming the Cloud’s Limitations,” sharing Delta’s edge-computing strategies to enable low-latency, high-reliability AI applications through on-site processing. Mr. YueZhi Law, Delta SEA Energy Infrastructure Product Manager, presented “The Future Grid: Digital, Decentralized and Dispatchable,” offering insights into how emerging energy infrastructure must evolve to be more agile, distributed, and digitally managed to meet tomorrow’s demands. Recognizing Excellence Across Solutions Delta recognized valued partners across multiple solution domains ranging from building automation, data centers, energy infrastructure, industrial automation, and switching power supplies/ power & system for their outstanding collaboration, innovation, and contributions to regional growth. The awards reflected Delta’s appreciation for long-term commitment, technical excellence, and shared success across diverse market segments. Innovation Showcase and Factory Tour Guests participated in a comprehensive tour of Delta Chungli Plant 5, offering a firsthand look at the company’s smart manufacturing and sustainable energy technologies. The experience included Delta’s innovation showroom, EV charger assembly line, microgrid control center, outdoor energy storage and EV infrastructure, and the immersive Delta 8K Experience. Each stop underscored Delta’s ability to integrate intelligent systems with real-world sustainability outcomes. A Living ESG Commitment: Coral Restoration with NMMST On the second day, attendees visited the National Museum of Marine Science & Technology (NMMST) in Keelung to experience how Delta translates its ESG values into tangible action. Through its collaboration with NMMST, Delta supports coral restoration at the Chaojing Coral Conservation Center, Asia’s first net-zero electricity coral nursery. Powered by Delta’s smart lighting automation and energy management solutions, the center enables the growth of vulnerable coral species vital to biodiversity regeneration. Participants gained deeper understanding through hands-on coral planting activities and interactive education, reinforcing how Delta integrates technology, conservation, and environmental learning to foster long-term impact. The day concluded with a visit to Taipei for shopping, offering a light and enjoyable end to a program focused on innovation, collaboration, and sustainability. Delta SEA Partner Event 2025 reinforced the company’s mission to shape a future-ready ecosystem grounded in trust, innovation, and shared purpose. As the region continues to navigate transformative shifts, Delta and its partners remain united in delivering smart, sustainable solutions that will define the next generation of progress.
- June 30, 2025Business
AUSTAL REFINANCES DEBT FACILITIES TO SUPPORT FUTURE GROWTH
Austal Limited (Austal) (ASX: ASB) has completed the final funding piece of its $1.2 billion capital expansion program in the United States, securing $488 million in credit facilities from a group of Tier 1 financial institutions, including Australian and international banks and Export Finance Australia (EFA). Austal continues to invest in its shipbuilding and submarine capabilities with two major expansion projects currently underway in the USA, the Final Assembly 2 (FA2) project and the submarine Module Manufacturing Facility 3 (MMF3) project. The new debt facilities will be used alongside Austal’s $220 million capital raise in April 2025 and US$450 million in MMF3 funding from General Dynamics Electric Boat to fund the capital expansion program and provide working capital. The new debt facilities comprise bilateral arrangements with each lender under a common terms deed, replacing the Company’s existing syndicated facilities which were established in 2015, extended at various stages, and due to mature in April 2026. The new structure delivers better overall pricing, longer tenors (5-10 years), fewer covenants and provides Austal with enhanced financial flexibility and capacity to deliver its $14.5 billion orderbook and pursue growth opportunities. The Export Finance Australia loan facility for FA2 has been credit approved for up to US$150 million, subject to completion of finance documentation and satisfaction of conditions precedent. Austal Limited Chief Executive Officer Paddy Gregg said: “The successful refinancing of the Company’s debt facilities positions Austal for the tremendous growth opportunities ahead and reflects Austal’s growth and track record of performance. We received very strong support for this refinancing. Existing and new lenders participated, and better terms and longer tenor were achieved. “Austal possesses an exceptional pipeline of long-term defence work in the US, which will be complemented by the Strategic Ship Building Agreement in Australia. The Company now has a stronger balance sheet with enhanced liquidity at a lower cost, longer tenor, and with superior flexibility to support this growth. With this capital expansion and working capital funding in place and funded through a combination of debt, equity and cashflow, we can focus on efficient construction of both FA2 and MMF3, the vessels we have been contracted to build, and winning new work.” In addition, Austal has negotiated $634 million of contingent instruments with several of the credit providers as well as other US-based Tier One financial institutions to backstop Austal’s existing $136 million in Go Zone Bonds through Letters of Credit as well as commercial guarantees where required. Austal’s existing $280 million Syndicated Facility Agreement, which included a $65 million sublimit available for cash loans (currently nil drawn), will be terminated. Austal was advised by Barrenjoey and Norton Rose Fulbright. This ASX announcement has been approved and authorised for release by Austal Limited CEO Paddy Gregg. - 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]
- June 30, 2025Business
COLES AND SECONDBITE CALL ON TOP CHEFS TO COOK UP SUPPORT FOR ANNUAL WINTER APPEAL
Funds raised by SecondBite will bring food relief to those in need, as recent survey1 shows one in four Australians are reducing meal portions and one in five are skipping meals. For the next two weeks customers can support Australians in need by donating at the checkout or by purchasing from a range of selected products. World-renowned chefs Curtis Stone and Sergio Perera launched this year’s appeal. Coles and SecondBite have enlisted top chefs Curtis Stone and Sergio Perera to launch this year’s winter appeal, as a recent Coles survey 1 reveals one in every five (21%) Australians admit to skipping meals and one in four (26%) are reducing overall portions to help make ends meet. From today until Tuesday 8 July 2025 Coles customers can help feed people in need by donating at any Coles, Liquorland, First Choice Liquor Market or Vintage Cellars store 2 , with 100% of funds raised going to SecondBite. During the appeal, customers can show their support by purchasing a $2 SecondBite donation card or selected products from well-known brands including Chobani, Gippsland Dairy and Mount Franklin with 20 cents of every participating product sold at Coles or Coles Online during the appeal going to SecondBite 3 . Newly appointed SecondBite ambassador Sergio Perera, a Spanish Michelin-trained chef who has worked in some of the world’s finest kitchens and has been Chris Hemsworth’s personal chef for over a decade, said purchasing a donation card at Coles can go a long way for Aussies doing it tough this winter. “The donation cards are a simple way for Australians to support those who need a hand this winter. By purchasing one $2 donation card at the checkout, you’re helping to provide up to ten meals to people who might not know where their next meal is coming from,” he said. SecondBite is one of Australia’s leading food relief charities, rescuing and delivering the equivalent of more than 50 million meals each year to over 1,000 frontline charities including soup kitchens, community hubs and centres, youth groups and women’s shelters. SecondBite CEO Daniel Moorfield said funds raised will enable SecondBite to feed more people across Australia via its extensive network of delivery vans, FareShare kitchens and community food partners. “The Coles SecondBite Winter Appeal is a lifeline for many Australians seeking food relief this winter. Those asking for help can be your neighbour, a work colleague or a friend,” he said. “We are hearing from our delivery drivers, volunteers and community agencies on the ground that the need for food relief has exacerbated in the past year and there are no signs of abating, particularly in winter when people are faced with the added dilemma of choosing between heating and eating.” Coles Chief Commercial and Sustainability Officer Anna Croft said Coles Group is making it easier for customers to support SecondBite. “Raising funds for SecondBite has become a collective community effort in recent years as the need continues to grow. This winter, Coles has partnered with a range of suppliers to support SecondBite as well as calling on our customers to help, with 100% of all customer donations going directly to SecondBite,” she said. “Coles, together with valued suppliers will make a donation to SecondBite during the appeal from the sales of participating products including Chobani, Gippsland Dairy, Mount Franklin water, M&M’S, Maltesers, Thins, Old El Paso, Lilydale Free Range Chicken and Nando’s 4 .” Coles has been a proud partner of SecondBite since 2011, helping to raise vital funds as well as donating the equivalent of more than 290 million meals from unsold, edible food rescued from supermarkets and distribution centres across Australia. For a full list of participating products and terms and conditions for the Coles SecondBite Winter Appeal, visit www.coles.com.au/community. For media enquiries, please contact Coles Media Line (03) 9829 5250 or [email protected] or [email protected] 1 Coles Cost of Living Survey, April 2025, n=6,838 2 All proceeds will be distributed to SecondBite. Donations of $2 or more are tax deductible. The campaign runs from 25/6/25 to 8/7/25. 3 Full list of participating products and terms and conditions is available at www.coles.com.au/community 4 Full list of participating products and terms and conditions is available at www.coles.com.au/community
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