- August 23, 2026Business
CATL and Quinbrook Build on Supernode Partnership Following Stage 2 and Stage 3 Major Milestones
Quinbrook's Supernode battery energy storage project has completed Stage 2 commercial operation and reached financial close on A$469 million financing for Stage 3, marking a further milestone in the phased development of Australia's largest operational BESS campus. With planned capacity expected to exceed 3 GWh, Supernode is supported by CATL as its core energy storage system supplier for all three stages, providing advanced storage solutions and lifecycle support to enable reliable long-term operation. Located at Brendale, north of Brisbane, Supernode is adjacent to the South Pine substation, a key hub in the Queensland power system and the regional reference node for marginal loss factors (MLFs). This location provides a favourable MLF position and approximately 4,000MW of available connection capacity for phased expansion. The project's development coincides with Queensland's accelerating energy transition and the infrastructure investment cycle. Stage 3 has reached financial close on A$469 million in debt financing, bringing total project financing across Supernode Stages 1, 2 and 3 to approximately A$1.2 billion. Across its first three stages, Supernode is set to reach 780MW / 3,074MWh. Capacity across the three stages has been contracted under long-term offtake arrangements. The long-term value of such assets depends on the continued availability, operational efficiency, safety and reliability of their energy storage systems. CATL has provided EnerC Plus systems for Stages 1 and 2 and will supply TENER S systems for Stage 3, establishing a consistent technology platform across the campus. In close collaboration with Quinbrook, CATL has supported project-specific design optimisation to enable high-density deployment within the constraints of available industrial land. EnerC Plus supports back-to-back installation, reducing the required site footprint by approximately 20% compared with EnerC. Its integrated liquid-cooling system maintains an internal container temperature differential within 5°C and is designed to deliver reliable operation over a 20-year lifecycle. CATL's contribution extends beyond equipment supply. Under a Long-Term Service Agreement (LTSA), CATL will further support the full lifecycle of the energy storage asset through condition monitoring, performance tracking, fault response and preventive maintenance to help ensure reliable long-term operation. CATL's proven product performance, scalable delivery capabilities and lifecycle service model provide greater confidence in the long-term reliability and performance of the energy storage asset. Tim Hornemand, Managing Director and Regional Lead, Australia, at Quinbrook, said: "Achieving commercial operations for Stage 2 means we've successfully delivered both Origin-contracted stages on schedule, an outcome we're incredibly proud of given the complexity of commissioning utility-scale battery storage projects in Australia. With Stage 3 now fully financed, we've reached another important milestone in Supernode's continuing development. The ongoing support of our banking partners also reflects confidence in the Supernode project, our delivery track record and the long-term outlook for battery storage in Australia." Tan Libin, CCO and Co-President of Sales & Marketing at CATL, said: "Energy storage is evolving from a standalone technology deployment into a strategic energy asset. The next stage of industry development will depend not only on technological advancement, but also on the ability to create long-term value through collaboration, innovation and scalable deployment. At CATL, we are committed to working with partners to unlock the full potential of energy storage assets and support the transition toward a more flexible and resilient energy system." CATL and Quinbrook are also working together on EnerQB, an eight-hour battery storage solution being considered for future stages of the Supernode development. The initiative builds on CATL's role as energy storage system supplier across Supernode's first three stages. CATL will continue to work with partners worldwide to deliver reliable technologies, scalable solutions and lifecycle support.
- August 23, 2026Business
AWC and Fairmont Hotels & Resorts Unveil Fairmont Bangkok Sukhumvit, Thailand’s First Fairmont Hotel and New Luxury Lifestyle and MICE Destination
Asset World Corp Public Company Limited (AWC), Thailand's leading integrated lifestyle real estate group, and Fairmont Hotels & Resorts, part of the world-leading hospitality group Accor , today celebrated the opening of Fairmont Bangkok Sukhumvit , marking the debut of Fairmont Hotels & Resorts in Thailand. Located in the heart of Sukhumvit, the 416-room hotel introduces a new luxury lifestyle and MICE destination designed to bring together international travelers, business visitors and Bangkok residents through hospitality, dining, wellness and world-class events. Fairmont Bangkok Sukhumvit introduces its collection of dining, entertainment and lifestyle experiences being introduced progressively throughout the year. This phased opening will culminate in the introduction of new rooftop dining experiences in December 2026, completing the hotel's distinctive luxury lifestyle offering. The opening ceremony was honored by representatives from Accor and Fairmont Hotels & Resorts , members of the diplomatic corps, and distinguished leaders from across the public and private sectors. The event was hosted by Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC) . Inspired by Thailand's rich floral heritage, Fairmont Bangkok Sukhumvit's signature “ Blooming Stage ” concept is brought to life through interiors, art and design curated by renowned Thai design practice PIA , with architecture by A49 . Floral influences are woven throughout the hotel, including a striking lobby chandelier inspired by Thailand's national flower, the golden Ratchaphruek blossom. Signature uniforms by leading Thai fashion house ASAVA further celebrate contemporary Thai creativity, bringing together Fairmont's international luxury hospitality with the distinctive character of Thailand. At the heart of the hotel's luxury Meetings, Incentives, Conferences and Exhibitions (MICE) offering is more than 2,000 square meters of flexible event space across three dedicated floors, designed for international conferences, executive meetings, weddings, gala dinners and special celebrations. The Signature Grand Ballroom features an impressive 12-meter-high ceiling and dedicated arrival forecourt, complemented by a second ballroom, seven breakout rooms, Couture Hall and versatile meeting spaces for events of different scales. Extending beyond traditional hotel lounges and pre-function spaces, the hotel introduces a first-of-its-kind co-living concept with flexible recreational and social spaces where guests can gather, work, relax and connect throughout the day — from playing board games and video games to enjoying movies or simply spending time together. For meeting and event attendees, these spaces extend the experience beyond the formal agenda, providing a welcoming place to come together before and between sessions, fostering a stronger sense of community and further strengthening Fairmont Bangkok Sukhumvit as a luxury MICE destination. Dining and entertainment form another key part of the Fairmont Bangkok Sukhumvit experience, with seven distinctive venues being introduced progressively throughout 2026. These include Harper's, a North American-French brasserie; AELA Social Bar ; CAYA Pool Club ; and Wiggle Room , an immersive supper club scheduled to open in mid-September. In the coming months, the collection will expand across levels 32 and 33 and onto the rooftop, with more exciting dining concepts, including an Italian restaurant with Japanese influences and a contemporary Thai rooftop dining experience, both offering panoramic views across Bangkok. Wellness is integrated throughout the guest experience, led by the Fairmont Spa , spanning more than 1,000 square meters and inspired by the jasmine flower, a symbol of Thai hospitality and purity. The wellness offering also includes Fairmont Studio for yoga, cardio and strength training, alongside dedicated family facilities and experiences designed for guests of different generations. In line with AWC's mission of " Building Better Future ," Fairmont Bangkok Sukhumvit has been designed to LEED Gold standards , incorporating biophilic design, water recycling, smart energy systems, superior indoor air quality, EV charging and a heat-reduction façade. These features reflect AWC's commitment to creating quality destinations that generate long-term value for communities, the environment and future generations. Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC), stated: “Welcoming Fairmont to Thailand for the first time is a very special milestone for AWC and our long-standing partnership with Accor. We are grateful to the distinguished guests who have joined us to celebrate this special occasion, including leaders from the public and private sectors, members of the diplomatic corps, and our valued partners. I would also like to express our sincere appreciation to Accor, Fairmont Hotels & Resorts, and all the teams whose dedication and collaboration have made this milestone possible. Together, we are creating a new destination in the heart of Sukhumvit that brings people together through luxury hospitality, dining, wellness and meaningful celebrations, while introducing a distinctive setting for world-class meetings and events in Bangkok. Fairmont Bangkok Sukhumvit brings together Fairmont’s legacy of luxury hospitality with the creativity and character of Thailand. We hope it will become a place where travelers, businesses and the local community can connect, celebrate and experience Bangkok in a new way, while supporting the city’s position as one of the world’s leading destinations. As part of AWC’s Sustainable Growth-led Strategy and our mission of ‘Building Better Future,’ we will continue working with leading global partners to create quality destinations that strengthen Thailand’s tourism and create long-term value.” Mr. Jerome Lobier, General Manager of Fairmont Bangkok Sukhumvit, stated “Thailand, with its world-renowned hospitality, rich culture and warmth, is a wonderful setting for Fairmont, and Bangkok showcases an incredible energy, creativity and spirit that make this city truly special. We are very fortunate to have AWC as our partner, with its strong understanding of Thailand and shared passion for creating destinations that connect people from all over the world. At Fairmont Bangkok Sukhumvit, we want guests to experience the best of both Fairmont and Bangkok - from exceptional dining and wellbeing to life’s special celebrations. With our distinctive luxury MICE offering, we also look forward to welcoming businesses and guests from around the world for important meetings, events and celebrations, further strengthening Bangkok’s appeal as a leading destination for both business and leisure. Above all, we hope this hotel will be a place where international travelers and the local community feel genuinely welcome, and where every visit is made special by the warmth and heartfelt service of our team.” Fairmont Bangkok Sukhumvit is now welcoming guests and event inquiries. For more information or reservations, please visit fairmont.com or all.accor.com.
- August 23, 2026Business
AWC Delivers Continued Strong Growth in Q2/2026 with THB 5,502 Million in Total Revenue and THB 1,468 Million in Net Profit
Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC), announced the Company’s Q2/2026 performance, reflecting quality growth across its Hospitality and Commercial business portfolios under the Sustainable Growth-led Strategy. The performance was supported by the continued development of quality assets in key destinations across Thailand, alongside the creation of lifestyle, tourism, and living experiences that respond to demand from high-quality customers around the world. The Company recorded total revenue of THB 5,502 million, increasing 5.6% YoY, and net profit of THB 1,468 million, up 4.6% YoY, while EBITDA reached THB 2,850 million, increasing 4.6% YoY. Growth was supported by stronger performance across both core businesses. The Hospitality business benefited from the recovery of hotels in Bangkok, together with strong performance from luxury resorts and hotels in key tourism destinations outside Bangkok, alongside effective cost management. Meanwhile, the Commercial business delivered strong performance across both retail and office properties. “Our performance this quarter reflects our business plan focused on driving continued growth through the Sustainable Growth-led Strategy, with a focus on building a strong and sustainable Hospitality and Commercial portfolio. AWC continues to launch and develop quality projects to drive growth across revenue and profitability while managing our financial structure efficiently to support our future operating objectives. At the same time, we remain focused on creating lifestyle destinations and strengthening collaboration with global partners to create distinctive experiences that contribute to Thailand’s position as a world-class destination for quality tourism and lifestyle, while delivering sustainable value for our shareholders, business partners, and stakeholders.” Hospitality Business Delivers Strong Recovery, Supported by Quality Tourism and Continued Growth of Luxury Resorts and Hotels in Key Tourism Destinations, Reinforcing the Strength of AWC’s Balanced Portfolio ‘EA’ Rooftop at The Empire Meliá Pattaya Hotel, Thailand The tourism industry is expected to improve further in the second half of the year, supported by government tourism stimulus measures. AWC continues to drive growth through collaboration with global partners to expand its base of high-quality customers. In Q2/2026, the Hospitality business generated revenue of THB 2,761 million, increasing 5.7% YoY, supported by the recovery of hotels in Bangkok alongside continued growth from luxury resorts and hotels in key tourism destinations. Revenue per available room (RevPAR) recorded strong year-on-year growth across several destinations. Pattaya achieved RevPAR growth of 169%, driven by the continued growth of two new hotels that opened in 2025. Chiang Mai maintained strong momentum with RevPAR growth of 31%, while Koh Samui continued to attract high-quality travelers, with RevPAR increasing 10%. This growth was driven not only by the expansion of the business portfolio but also by the performance of operating assets. Revenue from assets under normal operations increased 7.4% YoY, while EBITDA from the Hospitality business reached THB 742 million, increasing 9.7% YoY and growing faster than revenue. As a result, EBITDA margin improved from 25.9% to 26.9%, reflecting continued effectiveness in cost management and the profitability of the hotel portfolio. Revenue from AWC’s Food & Beverage portfolio reached THB 900 million in the quarter, increasing 7.3% YoY. ‘EA’ Rooftop at The Empire generated revenue of THB 116 million, increasing 32.3%, reflecting the success of AWC’s development of dining destinations. Commercial Business Delivers Strong Growth Driven by the Performance of Asiatique The Riverfront Destination, Including Jurassic World: The Experience, SkyFlyers: Wings of Garudapterus, and Better World Better Future The World’s First Sustainable Cross-River Cable Car Asiatique The Riverfront Destination AWC continues to drive the growth of its Commercial business through the “ AWC’s Lifestyle Destination ” strategy, transforming commercial properties into lifestyle destinations that attract visitors, increase dwell time and spending within the projects, and create revenue opportunities for tenants and business partners. As a result, the Commercial business generated revenue of THB 2,517 million, increasing 13.4% YoY, with EBITDA of THB 2,137 million, increasing 13.2% from the same period last year. Fairmont Bangkok Sukhumvit In the second half of 2026, AWC will continue to drive growth across its Hospitality and Commercial businesses through the launch of new projects and collaboration with global partners to create diverse destinations and experiences while attracting high-quality travelers from around the world. The Company is preparing to open Fairmont Bangkok Sukhumvit , the first Fairmont-branded hotel in Thailand, and Moxy Pattaya The Aquatique , in collaboration with Marriott International. At the same time, AWC continues to develop world-class experiences through collaborations with Universal Destinations & Experiences , including “Kung Fu Panda” in the heart of Yaowarat and “DreamWorks Water Park” along Pattaya Beach. In collaboration with EMM Williams Productions, AWC is also preparing to launch “Avatar: Guardians of EYWA, THE MAGIC WALK™” at Asiatique The Riverfront Destination in 2027. AWC is also advancing future-focused destinations along the Chao Phraya River, including the World’s First Sustainable Cross-River Cable Car and MONA Bangkok , developed in collaboration with Museum of Old and New Art (MONA), the renowned contemporary art and cultural museum from Australia. In addition, AWC Riverside Journey , a luxury destination connecting 11 AWC Lifestyle Destinations along the Chao Phraya River, will bring together distinctive tourism, lifestyle, cultural, and leisure experiences to further strengthen Thailand’s position as a world-class tourism and lifestyle destination and support the sustainable growth of Thailand’s tourism industry. AWC Riverside Journey Driving Sustainable Growth to Create Long-Term Value AWC drives its business under the mission of “Building Better Future” through the 3BETTERs framework - Better Planet, Better People, and Better Prosperity - integrating sustainability into its business operations, asset development, and destination creation to create shared value for stakeholders alongside the sustainable growth of the business. This approach continues to receive international recognition. AWC has been included in the Fortune Southeast Asia 500, ranked among the Top 1% for the fourth consecutive year, included in the Dow Jones Best-in-Class Index (DJ BIC) for Emerging Markets for the fourth consecutive year, and included in the S&P Global Sustainability Yearbook 2026 for the fifth consecutive year. AWC also achieved a 100% score in the 2026 AGM Checklist for the fifth consecutive year, reflecting the Company’s sustainability and corporate governance standards, as well as its commitment to creating long-term value for stakeholders and supporting the sustainable growth of the business. AWC Expands Its Growth Platform, Studying the Establishment of a Real Estate Investment Trust (REIT) to Connect Quality Assets with Long-Term Investment Opportunities Building on the strength of AWC’s real estate portfolio and its expertise in creating and developing destinations, the Company is studying and preparing for the establishment of a Real Estate Investment Trust (REIT) as another important platform to support AWC’s growth. The proposed platform would connect AWC’s capabilities in developing and creating value for assets with investment opportunities in operating assets that have recurring income-generating potential. Under this approach, AWC will continue to create, develop, and expand its portfolio of projects and destinations in strategic locations across Thailand, drawing on its expertise in real estate development and asset management, as well as collaboration with global partners, to continuously create value for its assets. Meanwhile, the REIT currently under study and preparation would provide a platform for operating assets with income-generating potential, while creating opportunities for domestic and international investors to access a portfolio of hotel and commercial real estate assets in Thailand. The connection between the two platforms would support a continuous growth cycle. Value created from the assets can strengthen AWC’s capacity to develop new projects and destinations, while the REIT would have the opportunity to grow through assets developed by AWC in the future. This approach would help enhance AWC’s financial flexibility and capital structure efficiency while expanding investment choices in the capital market and creating long-term value for shareholders and investors. The Company’s Board of Directors has approved the establishment of Asset World Corp REIT Co., Ltd . to serve as the REIT manager and has approved in principle the Company’s study and preparation for the establishment of the REIT, in order to prepare the operating and governance structure for the proposed platform. The Company is currently considering the assets that may be transferred to the REIT. If the establishment of the REIT proceeds as planned, the initial value of assets to be transferred to the REIT is expected to be within a limit of THB 50 billion, representing a transaction size of no more than 25% of the Company’s total assets based on its Q2/2026 financial statements. Details remain subject to the results of the study, the specific assets involved, market conditions, and approvals from the relevant authorities and authorized parties.
- August 23, 2026Business
AWC Expands “AWC Riverside Journey” with THB 2.9 Billion New Luxury Destination in One of the Most Prime Locations Along the Chao Phraya River
Asset World Corp Public Company Limited (AWC), Thailand’s leading integrated lifestyle real estate group, is adding a new luxury hospitality destination to strengthen its presence along the Chao Phraya River through the “ AWC Riverside Journey ,” connecting destinations and experiences across one of Bangkok’s most important cultural and tourism landscapes. From historic neighborhoods and iconic landmarks to contemporary lifestyle and cultural experiences, the journey reflects the distinctive character of the Chao Phraya while creating new reasons for residents and visitors to experience Bangkok through the river. “AWC Riverside Journey” – A Curated Journey Through Bangkok’s Heritage, Culture and Contemporary Lifestyle The latest addition to this journey is a riverside property currently known as River Garden, located in one of the most prime locations along the Chao Phraya River. AWC plans to transform the property into a new ultra-luxury hotel, with plans for the hotel to operate under the world-renowned Plaza Athénée brand. With a total investment of approximately THB 2.9 billion, the 18-storey hotel will comprise 146 rooms and over 20,000 sq.m. of gross floor area and is scheduled to open in 2028, bringing together luxury hospitality, wellness, dining and lifestyle experiences. More than a collection of destinations, the “AWC Riverside Journey” celebrates the Chao Phraya as a living part of Bangkok — a river that has long connected communities, commerce and culture. Across 11 AWC lifestyle destinations , the journey brings together Bangkok’s history, art, culture, communities and local way of life with contemporary experiences. A shared “ Co-living ” lobby concept will create another layer of connection across AWC properties, offering welcoming spaces where guests can meet, relax and enjoy distinctive river views and experiences along the Chao Phraya. As the “AWC Riverside Journey” continues to grow, AWC will build on this heritage with new destinations that celebrate the Chao Phraya’s past while carrying its spirit forward for generations to come. A Journey Through the Heart of Bangkok Today, the “AWC Riverside Journey” brings together many unique experiences along the Chao Phraya River, with more destinations and experiences to come. Each contributes something different to the journey — from hospitality and dining to lifestyle, culture, creativity and community — creating a richer way to discover Bangkok through the river that has always been part of its story. The Ritz-Carlton Bangkok, The Riverside, opening in 2028 Along the Chao Phraya River, the “AWC Riverside Journey” connects AWC destinations including Asiatique The Riverfront Destination , The Hotel Plaza Athénée Bangkok and The Ritz-Carlton Bangkok, The Riverside , with some of Bangkok’s most iconic riverside neighborhoods and cultural areas, from Song Wat and Yaowaraj to Woeng Nakorn Kasem . The journey also connects with landmarks that have long defined the character of the city, including the Grand Palace , Wat Arun , Wat Pho , the Flower Market and Chinatown - allowing people to experience Bangkok’s history, culture, communities and contemporary city life from one point to the next. The Song Wad Lanes The Song Wad Scape Together, these destinations create more than individual places to visit. They form a curated journey along the Chao Phraya River , inviting people to experience different sides of Bangkok — its heritage and contemporary lifestyle, its established communities and emerging creative districts, and the distinctive character of the river from one neighborhood to the next. At its heart, the “AWC Riverside Journey” is about celebrating the Chao Phraya’s past while carrying its spirit forward through new experiences that remain connected to the people, places and communities that make the river unique. Woeng NakornKasem Yaowaraj Looking ahead, AWC will continue to add new dimensions to the journey through MONA Bangkok , a new destination for art, creativity and culture, together with the planned World’s First Sustainable Cross-River Cable Car , creating new ways to move across, connect with and experience the Chao Phraya River. MONA Bangkok and Blue Dome at Asiatique Destination World’s First Sustainable Cross-River Cable Car The future luxury hospitality destination at this new hotel will become another part of this evolving journey. With its direct waterfront location, it will bring together hospitality, wellness, dining and lifestyle experiences while opening another way for people to connect with the river and its surrounding communities. Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC), stated: “For generations, the Chao Phraya River always represents the heart of Bangkok, bringing the unique lively experience, connecting communities, history, culture and people together. AWC Riverside Journey is inspired by this heritage, to be part of showcasing the wonderful value of Bangkok and Thailand to the world. The “AWC Riverside Journey” connects 11 AWC Lifestyle Destinations along the Chao Phraya River, bringing together Bangkok’s history, art, culture, communities and local way of living, creating unique experiences for all AWC Properties. Together, they offer new ways to experience Bangkok through the iconic journey of Chao Phraya River while strengthening Thailand as Global sustainable tourism destination.”
- August 23, 2026Business
Transport and Logistics Bureau leads delegation to visit Towngas green methanol project and gain first-hand insights into the Ant Forest ecological initiative
Green marine fuels are fast becoming a new frontier in the global race to decarbonise shipping. VENEX, a joint venture of The Hong Kong and China Gas Company Limited (Towngas), has made significant strides in the green methanol industry in recent years. Its production facility in Ordos, Inner Mongolia, is currently scaling up its annual green methanol production capacity to 300,000 tonnes. But where does the green feedstock for such massive capacity come from? In August, Towngas invited an industry delegation led by the Transport and Logistics Bureau of the HKSAR Government to Inner Mongolia to tour the VENEX green methanol plant and gain first-hand insights into the local Ant Forest ecological project that underpins this green energy. The delegation comprised members from 14 companies, organisations, and universities, spanning the entire industry value chain, from fuel production, trading, and bunkering to international shipping, finance, testing and certification, port operations, and scientific research. Under Secretary for Transport and Logistics Mr Liu Chun-san expressed his hope that the visit would help the delegation understand the latest developments in green marine fuels and explore collaborative opportunities across the government, business, community, and academic sectors. During the visit, Mr Sham Man-fai, Towngas Chief Operating Officer – Green Fuels and Chemicals and Group Chief Technology Officer, briefed the delegation on VENEX’s green methanol production technologies, environmental operating standards, production scale, and diversified industrial footprint. He also arranged a special tour of the local Ant Forest ecological project. Taking a localised approach, this project cultivates sand willow and other shrubs in the desert, which help prevent the spread of desertification. Waste branches generated through periodic pruning can also be converted into a purely natural, sustainable ecological feedstock for green methanol production. This creates a fully closed-loop industrial cycle: from ecological restoration and feedstock supply to green energy production. Mr Sham pointed out that the process also involves collaborating with local communities to collect waste branches. This model has become a prime example of promoting local desertification control and a community circular economy, while simultaneously supporting the development of sustainable transport energy. “VENEX’s innovative approach to sustainability has earned both domestic and international recognition. Following the acquisition of two major international certifications—ISCC EU and ISCC PLUS—the project was recently awarded certification under China’s Global Sustainable Transport Certification (GSTC) scheme,” he added. Additionally, the delegation attended a symposium on green marine fuel industry cooperation in Beijing, hosted by the Global Sustainable Transport Innovation and Knowledge Center (GSTIKC), and participated in an exchange session with the Hydrogen Energy Industry Branch of the China Association for the Promotion of Industrial Development. During the trip, Towngas signed a strategic memorandum of understanding with the GSTIKC to further deepen cooperation in the production, storage, transport, and utilisation of green fuels, and to continuously strengthen research on the international standard system for green marine fuels. Looking ahead, Towngas will remain committed to enhancing its green methanol production capacity, supply network, and bunkering infrastructure. By aligning a traceable and certifiable green supply chain with international standards, the Company aims to support Hong Kong in building a competitive hub for green marine fuel trading and bunkering. - END - Press photos: Photo 1: The delegation learns about the production technology at the green methanol plant in Inner Mongolia. Photo 2: Under Secretary for Transport and Logistics Mr Liu Chun-san (1st from left) and Deputy Secretary for Transport and Logistics Miss Amy Chan Yuen-man (centre) lead the delegation on a tour of the central control room at the green methanol plant in Inner Mongolia. Photo 3: The delegation visits the VENEX green methanol plant in Inner Mongolia. Photo 4: The delegation visits the Ant Forest ecological project during their trip to Inner Mongolia. Photo 5: Mr Sham Man-fai (right, front row), Towngas Chief Operating Officer – Green Fuels and Chemicals and Group Chief Technology Officer, and Mr Yan Fei (left, front row), Deputy Director-General of the Global Sustainable Transport Innovation and Knowledge Center, sign the strategic cooperation agreement on behalf of both parties. Under Secretary for Transport and Logistics Mr Liu Chun-san (right, back row) and Mr Liu Peng (left, back row), Director-General of the Global Sustainable Transport Innovation and Knowledge Center, witness the signing. For media enquiries, please contact: The Hong Kong and China Gas Company Limited Mr Aiden Wong Senior Corporate Affairs Officer Tel: 2963 3455 / 9273 3398 Email: [email protected] Mr Julius Chow Senior Corporate Affairs Officer Tel: 2963 3471 / 6969 1360 Email: [email protected]
- August 23, 2026Business
Utility Businesses maintain steady development Growth Businesses demonstrate strong momentum
The Hong Kong and China Gas Company Limited (stock code: 0003, hereinafter referred to as “the Group”) has announced its 2026 interim results. In the first half of this year, facing international energy market volatility and economic challenges, the Group’s utility businesses demonstrated strong resilience through improved efficiency and business restructuring; meanwhile, growth businesses achieved breakthrough progress, with operating profit during the period surging by 3 times year-on-year. Overall, the Group recorded a rise of 19% in operating profit after tax for the period to HK$4.746 billion, while profit attributable to shareholders grew by 23% to HK$3.64 billion. In the Hong Kong utility business , the supply of feedstocks for gas production remained unaffected by the external environment. Benefitting from the gradual recovery of the tourism sector, gas consumption among commercial customers, including the catering and hospitality industries, recorded a modest increase. However, high temperatures and a surge in outbound tourism among local residents weighed on residential gas sales. As of the end of June, Hong Kong gas sales reached 14.4 billion MJ (equivalent to approximately 410 million cubic metres of natural gas), down 3.5% year-on-year. The Group had adjusted its standard town gas tariff and the monthly maintenance charge, effective from 1st August 2026. In the mainland utility businesses , amid the economic slowdown, the impact of a mild winter, and property market adjustments, the Group actively capitalised on policy tailwinds in energy transition, urban renewal and ageing pipeline network upgrades, while pressing ahead with its “Gas+” integrated energy business, driving a rise in gas sales volume. Cost pass-through arrangements were steadily implemented during the period, bringing the dollar margin for city gas to RMB0.55 per cubic metre, a further improvement of RMB0.01 per cubic metre year-on-year, driving steady profit growth in the overall gas business. The water and environmental businesses delivered sustainable growth, with water sales and sewage treatment volume reaching 800 million tonnes, up 2%, and solid waste treatment volume reaching 830,000 tonnes, an increase of 5%. In sustainable aviation fuel (“SAF”) , EcoCeres, Inc. (“EcoCeres”), incubated by the Group, which remains a strategic shareholder, successfully commenced trial production at its Malaysia plant in 2025. Sales in the first half of 2026 were strong, reaching 320,000 tonnes, approximately double the level recorded a year earlier. EcoCeres successfully extended its SAF supply agreement with British Airways until the end of 2030. Furthermore, it signed an investment letter of intent with the Dongguan Municipal Government to establish a complete SAF and hydrotreated vegetable oil (“HVO”) value chain in the Greater Bay Area with annual capacity of about 450,000 tonnes. This will bring EcoCeres’s total annual capacity to 1.22 million tonnes. In green methanol , VENEX, a joint venture under the Group, actively expanded its production capacity; the Inner Mongolia project is ramping up capacity to 300,000 tonnes following its retrofitting. Construction of new Foshan Plant will commence this year with planned capacity of 200,000 tonnes, establishing a strategic dual-base footprint spanning northern and southern China, with total planned capacity of 500,000 tonnes. In the first half of 2026, VENEX successfully completed Hong Kong’s first container terminal bunkering, completing a fully integrated supply chain from northern China to Hong Kong. VENEX also received one of the first certifications under the Country’s Global Sustainable Transport Certification (GSTC) scheme. In the renewable energy business , new grid-connected distributed photovoltaic capacity reached 0.2 GW during the period, bringing cumulative installed capacity to 3 GW; photovoltaic electricity sales increased by 12% year-on-year to 1.32 billion kWh; and electricity trading sales volume doubled to 7.23 billion kWh. During the period, the Group successfully launched an institutional REIT and a quasi-REIT to raise approximately RMB900 million, bringing cumulative financing to RMB5.5 billion for active investment in business-related projects. The scale of Assets under Management (“AuM”) increased by 0.66 GW year-on-year to 1.5 GW, and the Group remains well-positioned across three key growth areas: integrated PV-storage, independent energy storage and direct green power supply. In the e xtended businesses , Towngas Lifestyle, a Group’s subsidiary, accelerated its transformation into a “home concierge service” model by leveraging the massive market opportunities presented by the Group’s 47 million city-gas customers, and unified its kitchen appliance brand under Mia Cucina. On the mainland, trade-in sales for the smart kitchen appliance business grew 17% year-on-year to RMB200 million, while the heating engineering business grew 14% year-on-year to RMB120 million. In Hong Kong, smart kitchen revenue in the first half reached HK$870 million, up 7% year-on-year. The year 2026 marks the opening year of the national 15th Five-Year Plan, with green fuels included in the national strategy for the first time. In close alignment with national strategic objectives, the Group will capitalise on its competitive advantages to strategically deploy its advanced technologies and management excellence across the Greater Bay Area, as well as in Central Asia and other countries along the Belt and Road, to expand its international new energy footprint. The Board recommended maintaining an interim dividend of HK12 cents per share. For details of the results, please refer to the 2026 Interim Results Announcement published on the Company’s website at www.towngas.com and the HKEXnews website at www.hkexnews.hk. - END - Press photos: Photo 1: Three Executive Directors of Towngas: Managing Director Mr Peter Wong Wai-yee (centre), Chief Financial Officer Mr Edmund Yeung Lui-ming (left), and Chief Investment Officer Mr Alan Chan Ying-lung (right), hosting the 2026 Interim Results Press Conference. Photo 2: Mr Peter Wong Wai-yee (centre), Towngas Managing Director, notes that the Group’s growth businesses delivered outstanding performance, with particularly strong overall sales growth in the SAF business. 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]
- August 23, 2026Top Stories
Christian Wildhaber Appointed General Manager Of Mandarin Oriental, Geneva
Mandarin Oriental, Geneva is pleased to announce the appointment of Christian Wildhaber as General Manager, effective September 1, 2026. With nearly three decades of experience in luxury hospitality, Christian Wildhaber joins Geneva after leading Mandarin Oriental, Jakarta since August 2025. A native of Vevey and fully trilingual, speaking fluent French, English and German, he brings to the Geneva property extensive international expertise and a deep understanding of the expectations of a cosmopolitan and multicultural clientele. This knowledge has been acquired throughout a distinguished career that has taken him across Europe, the Middle East and the Asia-Pacific region. Throughout his career, Christian Wildhaber has held a number of positions in the United Arab Emirates, Hong Kong, Sydney and Guangzhou, where he developed recognized expertise in hotel operations, as well as in the opening, repositioning and transformation of prestigious properties. Prior to joining Jakarta, Christian Wildhaber served as General Manager of Mandarin Oriental Palace, Luzern, where he successfully led the property's transformation, opening and launch, contributing to its establishment as one of Switzerland's leading luxury hotels. Deeply connected to his Swiss roots and enthusiastic about joining the team at Mandarin Oriental, Geneva, Christian Wildhaber is delighted to return to an environment that reflects his own career journey: international in outlook and enriched by diverse cultures and experiences. He commented: “I am delighted to be returning to Switzerland and to be joining Mandarin Oriental, Geneva. International Geneva brings together people, cultures and ideas from around the world, and I look forward to working alongside our colleagues to uphold the hotel's legacy of excellence and create exceptional experiences for our guests.” His international career, collaborative leadership style, and unwavering commitment to operational excellence will further strengthen the hotel's position as one of the destination's premier luxury addresses. About Mandarin Oriental, Geneva Overlooking the Rhône river and within walking distance of the city's main attractions such as the Lake, Jet D'eau and St. Peter's Cathedral, Mandarin Oriental, Geneva is a five-star hotel with contemporary Swiss hospitality offering supreme views of the Old Town and the snow-capped mountains. The 178 rooms and suites are designed with a contemporary and refined style, inspired by nature, mountains, and water. The hotel's outstanding restaurants and vibrant bar have made a significant contribution to Geneva's dining scene, while visitors can rejuvenate and unwind with Swiss expertise at the hotel's wellness facilities. Combining luxury, style and unbeatable service, it is the perfect city retreat.
- August 22, 2026Apps & Software
Allianz General marks 25th anniversary with golden opportunity for customers
Allianz General Insurance Company (Malaysia) Berhad (Allianz General) is marking 25 years of trust and excellence with a special anniversary campaign from 1 August to 31 December 2026, giving customers the opportunity to win one of 250 exciting prizes including 170 Allianz 25th Anniversary Edition Gold Wafers 999.9 (1g) as grand prizes and 80 Shopee e-vouchers worth RM500 each as special prizes. “Reaching our 25th anniversary is a testament to the trust Malaysians have placed in us to protect what matters most to them. We would like to express our heartfelt gratitude to our customers for their continued confidence in Allianz General. As we look ahead, we remain committed to driving innovation, strengthening our relationship with our customers and continuing to be the trusted partner in safeguarding lives and aspirations,” said Sean Wang, Chief Executive Officer of Allianz General. To participate, customers simply need to purchase or renew any of the following eligible policies between 1 August 2026 to 31 December 2026, with the policies issued during the same period: Allianz Shield Plus Allianz Travel XPert (Annual) Allianz Travel Easy (Annual) Smart Home Cover Allianz Lifestyle Protect Allianz MediCure Allianz Motor Comprehensive (Private Car) Allianz Motorcycle Comprehensive Allianz Motorcycle Plus Comprehensive Premier Home The more policies customers purchase or renew, the greater their chances of winning. Each policy earns entries for the campaign – one policy provides one entry, two policies grant four entries, three policies equal nine entries and so on, with the pattern continuing to multiply as more policies are added. Additionally, customers who are members of the MyAllianz app will also earn two extra entries, further increasing their chances of winning. MyAllianz, the One Allianz platform where customers can manage their policies anytime and anywhere as well as access exclusive perks, is available to download on the Apple App Store and Google Play. Terms and conditions apply. For more details on the campaign, please visit: https://www.allianz.com.my/golden250-campaign Sean Wang, Chief Executive Officer of Allianz General.
- August 22, 2026Business
Paying HDOS Subscribers Surge 621% as Yunji's Platform Strategy Enters Scaled Adoption
Yunji Technology (02670.HK) reported its interim results for the six months ended June 30, 2026. Revenue for the period reached RMB 188 million, up 71.6% year on year. Yet the more revealing story lies not in the speed of this growth, but in its sources. While much of the embodied AI sector remains in a cash-intensive phase, a clear industry consensus has emerged: Physical AI is the next frontier of artificial intelligence, and the scarcity of high-quality real-world data is the key bottleneck standing in the way of its large-scale application. Yunji is tackling that bottleneck head-on. With tens of thousands of robots running continuously across hotels, hospitals and factories, the company converts every delivery and every interaction into a trainable, monetizable data asset. This model — where operations generate data and data in turn creates value — lends Yunji's revenue mix a resilience rarely seen among traditional hardware makers, and it underpins three well-defined growth engines. The first growth engine is the robotic agent platform, which serves as the data producer. Revenue from Robots and Function Kits reached RMB 157 million in the first half, up 93.8% year on year and accounting for 83.6% of total revenue. On an average day, roughly 36,000 robots were online simultaneously; cumulative completed tasks reached 479 million; and each active robot completed 74 tasks per day — increases of 30%, 46% and 13% respectively. With both fleet size and per-robot utilization on the rise, every task fulfilled feeds field-proven data back into the training of Yunji's World Value Model, steadily compounding the value of each robot in service. The second growth engine is World Value Model services — the most direct route to monetizing that data. At its core is HDOS, Yunji's proprietary system and the platform's central hub: a "digital brain" that transforms robots from single-purpose tools into intelligent agents able to perceive, decide and collaborate. HDOS is fast becoming a core product line. In the first half, Yunji's AI Digitalization Systems generated RMB 30.76 million in revenue, up 8.3% year on year. Total HDOS subscribers climbed 526% to 3,835, while paying HDOS subscribers jumped 621% to 3,173. The fact that paying subscribers are growing notably faster than the overall subscriber base shows HDOS moving beyond initial trials into broad, everyday adoption. At the same time, the range of environmental events the robots can understand expanded by 130%, and the range of tasks they can perform grew by 570%. Together, these two measures reflect a tangible widening of what the robots can do in real-world settings — advancing from simple deliveries toward "mobility + operation + continuous service" such as laundry assistance, convenience retail and the in-hospital transport of medical supplies. The fusion of embodied intelligence with this digital brain closes the loop between hardware and data, making the underlying technology highly reusable — and giving rise to a third growth engine built on ecosystem partnerships and overseas expansion. Revenue from Ecosystem Partners reached RMB 90.5 million in the first half — a surge of 3,302% year on year, representing more than 48% of total revenue — and overtook hotels as the company's single largest scenario. Yunji entered into a partnership with Shenzhen Zhongyi Group, under which its "UP" composite polymorphic robot "Xiaoma," fitted with a children's ride-on cabin, won a thousand-unit order — the world's first order of this scale for intelligent agents in a parent-child public service setting. Yeniao Technology placed a thousand-unit order of its own for "UP" robots, which will power the scaled production of its X2 fully autonomous door-to-door garbage collection robots. Yeniao made clear that it chose Yunji's chassis to "avoid reinventing the wheel," drawing directly on mobility capabilities Yunji has honed over ten million kilometers of real-world operation. Yunji also continued to deploy products for the delivery, material transport and cleaning needs of hospitals, factories and other enterprise customers, closing the loop between real-world deployment and data accumulation across an ever-wider range of settings. These same capabilities are now being replicated abroad. Overseas revenue reached RMB 5.4 million in the first half, up 638.1% year on year. Eleven representative projects — spanning the UAE, Panama, Thailand and beyond — are steadily coming on stream. In Bangkok, an international hospital serving more than 300,000 patients a year has deployed Yunji robots for in-hospital logistics, as the overseas business progresses from early project validation towards more consistent product delivery. Even as its real-world data grows, Yunji has not let up on research and development. According to the announcement, first-half R&D expenses reached RMB 71.1 million, up 141% year on year and equivalent to 37.8% of revenue, with investment concentrated in intelligent robot operation, the modular UP platform and the World Value Model. As Yunji emphasized in its announcement, the scarcity of real-world data is the threshold Physical AI must cross on the road to scaled application. Taken as a whole, the company's first-half performance traces a clear path of evolution — from single-scenario validation, to replication across multiple scenarios, to a platform-based ecosystem. Whether it is the thousand-unit orders in parent-child and property-management scenarios or the live deployments in hospitals and factories, the conclusion is the same: the market increasingly sees Yunji's mobility platform as intelligent infrastructure that can be reused across industries — far more than a delivery robot in a hotel.
- August 22, 2026Top Stories
When Shenzhen Sleeps, Autonomous Delivery Keeps Movin
It’s 10 p.m. in Shenzhen’s Pingshan district, an autonomous delivery vehicle from JINGDONG Logistics finishes loading and pulls quietly out of the station. Its cargo includes fresh food, rice, flour, cooking oil and other everyday essentials bound for Longgang district. This is not a laboratory trial or a glimpse of some future phenomenon. This is the ‘here and now’, part of the city’s nightly logistics operations. In April, Shenzhen opened overnight cross-district routes for purpose-built autonomous vehicles between 10 pm. and 6 am. The first two routes cover more than 50 kilometres, connecting multiple sites across Pingshan and Longgang. JINGDONG Logistics was among the first companies authorised to operate these services. It has since deployed nearly 100 autonomous vehicles across Shenzhen, serving 22 delivery stations through 121 overnight routes. The autonomous delivery vehicle, LangzuTech Mini Van, uses a multi-sensor perception system to identify road conditions and obstacles accurately, even in low-light environments. With a range of up to 170 kilometres while fully loaded, it can support different transport scenarios and operate around the clock. The real innovation lies in how the vehicles are used. During the day, they handle last-mile deliveries. At night, the same vehicles transport goods between logistics facilities and replenish local fulfilment hubs. This “daytime delivery, overnight replenishment” model keeps each vehicle productive for longer while making use of quieter roads. According to Zhang Yi, who manages JINGDONG Logistics’ Pengda local fulfilment hub in Longgang, the model has increased the average daily operating time of each vehicle from around 12 hours to 24 hours. Daily trips have risen from three to five, reducing operating costs per vehicle by approximately 20% and improving use capacity by 66%. Overnight operations also benefit from avoiding much of Shenzhen’s daytime congestion and traffic restrictions. This improves transport efficiency and allows employees to focus on service, exceptional handling and other tasks where human judgement matters most. JINGDONG Logistics was one of China’s earliest logistics companies to explore autonomous delivery. The LangzuTech Mini Van has since evolved into its sixth-generation Plus model, with several thousand vehicles scheduled for delivery this year. ( [email protected] )
- August 22, 2026Top Stories
Fujifilm Completes New Production Facility for Advanced Semiconductor Materials in Oita, Japan
Fujifilm Completes New Production Facility for Advanced Semiconductor Materials in Oita, Japan FUJIFILM Corporation announced the completion of a new production building for post-CMP cleaners at the Oita Factory of FUJIFILM Electronic Materials Co., Ltd. (FFEM), the core company leading Fujifilm’s semiconductor materials business. The facility began operations in August. This investment will significantly expand production capacity for post-CMP cleaners used in the manufacturing of advanced semiconductors, including those for AI applications, for which demand is growing rapidly. Fujifilm will further accelerate the growth of its semiconductor materials business to meet the rising demand for semiconductors supporting the advanced information society, including semiconductors for AI data centers and other applications. Exterior Photo of New Production Building In recent years, the semiconductor market has grown rapidly driven by the expansion of AI, 5G, and IoT, with particularly strong demand for advanced semiconductors used in AI applications. Fujifilm’s semiconductor materials business achieved an average annual sales growth rate of approximately 20% from FY2021 through FY2025 and has become one of the core businesses driving the growth of the Fujifilm Group. To support this growth, Fujifilm invested more than 100 billion yen from FY2021 to FY2024. For example, the company expanded production capacity for CMP slurries 2 in Japan, the United States, and Taiwan, and CMP slurries have become one of the key products driving business growth. Fujifilm has also increased production capacity for polyimides 3 in Japan and Belgium, while demand for its photosensitive dielectric materials for advanced packaging, including ZEMATES™*4, has grown rapidly. The company continues to make growth investments across Japan, the United States, Europe, and Asia during FY2025 and FY2026, and will continue supporting the growth of the semiconductor market by providing a broad lineup of products. The post-CMP cleaners manufactured at the Oita Factory are used after CMP processes to remove particles, trace metals, and organic residues while protecting metal surfaces. Demand is rapidly increasing not only for CMP slurries, which are essential for planarization processes required to improve semiconductor performance, but also for post-CMP cleaners used in subsequent cleaning processes. Leveraging its strength in providing integrated solutions incorporating both CMP slurries and post-CMP cleaners, Fujifilm is expanding sales globally, particularly among customers in North America, Europe, and key semiconductor manufacturing hubs in Asia, where demand growth in the advanced semiconductor market remains strong. Driven by advancements in semiconductor miniaturization and 3D stacking technologies required to improve the performance of AI semiconductors, demand for Fujifilm’s post-CMP cleaners, which play a critical role in semiconductor manufacturing yield, is expected to more than double in terms of sales by FY2030 compared with FY2024. The new production building is equipped with automated manufacturing facilities and quality evaluation equipment designed to meet the extremely high purity requirements of cutting-edge semiconductor materials. By tripling production capacity at the Oita Factory, Fujifilm aims to further expand its business in the advanced semiconductor market. Solar panels have been installed on the roof of the new building. Through greater use of renewable energy at the Oita Factory, Fujifilm will reduce greenhouse gas emissions generated by factory operations. About Fujifilm’s Semiconductor Materials Business Fujifilm offers a wide range of materials used throughout the entire semiconductor manufacturing process, from front-end to back-end. These materials include photoresists 5, photolithography-related materials 6, CMP slurries, post-CMP cleaners, thin-film materials 7, photosensitive insulating materials such as polyimides under the ZEMATES™ brand, and high-purity process chemicals 8. Fujifilm also provides Wave Control Mosaic™*9, a group of functional materials including color filter materials for image sensors. With an extensive portfolio covering semiconductor manufacturing processes from leading-edge to legacy nodes, Fujifilm maintains a global supply chain with manufacturing and research and development sites in Asia, the United States, and Europe. By providing a one-stop solution to address customer needs, the company contributes to the advancement of the semiconductor industry. *1 Cleaners used after polishing with CMP slurry to remove particles, minute metal fragments and organic residues while protecting the metal surface. *2 A proprietary formulation containing an abrasive that uniformly planarizes semiconductor surface, which contains a mixture of wires and insulation films of varying hardness. *3 A material with strong heat resistance and insulation properties, used for forming semiconductors protective films and rewiring layer. *4 ZEMATES is a registered trademark or trademark of FUJIFILM Corporation. *5 Photosensitive material used to coat a wafer substrate when circuit patterns are drawn using photochemical reactions in the process of semiconductor manufacturing. *6 Development solutions, cleaners and other materials used in the photolithography process of semiconductor manufacturing. *7 Materials for forming low-dielectric insulation films. *8 High-purity chemicals used in the cleaning and drying processes. The chemicals are employed to remove contaminants during the cleaning and drying stages of semiconductor manufacturing, as well as to eliminate metals and oils during the etching process. *9 General term referring to a group of functional materials for controlling electromagnetic light waves in a broad range of wavelengths, including photosensitive color materials for manufacturing color filters for image sensors such as CMOS sensors, used in digital cameras and smartphones. WAVE CONTROL MOSAIC is a registered trademark or trademark of FUJIFILM Corporation. Contact Media Contact FUJIFILM Holdings Corporation Corporate Communications Division, Public Relations Group +81-3-6271-2000 Customer Contact FUJIFILM Corporation Electronic Materials Business Division +81-45-534-8824 Please note that the contents including the product availability, specification, prices and contacts in this website are current as of the date of the press announcement and may be subject to change without prior notice.
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