Public Company News
JD.com’s Apple Flagship Store Reaches 100 Million Followers
On May 26, JD.com’s self-operated Apple products flagship store reached a major milestone, surpassing 100 million followers on JD.com. This milestone reflects 12 years of close collaboration between JD.com and Apple in China, and the continued trust of Apple customers who choose JD.com for authentic products, competitive offers, reliable supply, convenient trade-in services, and comprehensive after-sales support. To celebrate this achievement and to thank customers for their continued trust and support, the store has launched a special fan appreciation campaign, offering 100 million JD Points, Apple Music membership experiences, additional trade-in subsidies, and discounts on selected services including AppleCare, iCloud, and App Store gift cards. JD.com’s collaboration with Apple goes back over a decade to 2015, when JD.com became an Apple authorised reseller and began offering Apple products through its online platform. In 2018, the partnership was deepened as JD.com began offering pre-orders for new Apple products in sync with Apple’s official website, enabling customers in China to access the latest devices at the earliest opportunity. That year also saw JD.com introduce AppleCare+ services, giving customers access to official protection plans and strengthening the overall after-sales experience an important point of differentiation. Over the years, JD.com has continued to build a more connected Apple retail experience across online and offline channels. In 2022, JD.com launched JD-Ehome, its self-operated offline Apple authorised store, further integrating product discovery, consultation, purchase, fulfilment, and after-sales services. Today, with more than 4,500 electronics stores nationwide, JD.com gives customers the opportunity to experience Apple products in person, receive one-to-one professional advice, and access convenient services such as free screen protector application, data migration, device cleaning, and maintenance support. This online-offline model allows customers to experience products before making a purchase, place orders with confidence, and enjoy fast, reliable fulfilment. Speed has also become an important part of the Apple shopping experience on JD.com. Through JD.com’s instant retail service, JD Now, customers can even receive selected Apple products in as fast as nine minutes, significantly reducing waiting time and making the upgrade journey faster and more convenient. Beyond convenience, JD.com and Apple are also working together to support more sustainable consumption. Through JD.com’s professional recycling and trade-in services, used devices can be responsibly collected and converted into reusable resources, helping reduce electronic waste and supporting a more circular approach to consumer electronics. Trade-in is becoming an increasingly popular choice for Apple customers on JD.com. Since the beginning of 2026, trade-in orders for Apple products on JD.com have grown by more than 100% year on year. For customers, the service not only makes upgrading more affordable, with direct savings ranging from hundreds to thousands of yuan, but also provides a practical way to take part in greener consumption. ( yuchuan.wang@jd.com )
Notice of the Sale of Shares in Soda Aromatic Co., Ltd.
CapitaLand Ascott Trust to divest The Robertson House by The Crest Collection in Singapore for S$360 million
Delta Thailand Recognized for Investor Relations Excellence in 2026 Extel Asia Executive Team Survey
- May 23, 2026Public Company
Culinary Crafts Provides Affordable, Award-Winning Catering Services for Pleasant Grove Events
According to the Food Liability Insurance Program (FLIP), the top event booking type for catering businesses is private parties (54.4%) . People tend to spend hours together, often participating in activities, which makes it necessary for hosts to source good and filling food. The quality of food served can influence guests' overall feelings about the party, meaning that cheap and subpar food items can reflect badly on the hosts. What many people struggle with, though, is finding quality catering without having to spend an excessive amount of money. They typically have a limited budget, and going over it can create unnecessary financial strain. Culinary Crafts understands the struggles that ordinary consumers have, and this company offers affordable catering services in Pleasant Grove to address the need for good food at good prices. It's a family-owned and operated business that has served the local area since 1984, which means the team solidly comprehends what locals desire for their private parties and events. Culinary Crafts has won 27 Best of State, 24 Best of State Caterer, 3 Best of the Best/Hospitality, and 1 Entrepreneur of the Year awards. It has also received international recognition, which demonstrates the company's attention to its services. The team sources ingredients locally, cooks with intention, and presents with care; these actions are all taken to provide clients with food that's worth serving at their parties. Beverages are often a lesser-thought-of part of menus, or they're barely an afterthought. But with Culinary Crafts, beverages are just as important as food. Hosts benefit from thoughtful wine pairings that suit each dish served, and they can also serve craft cocktails that use local spirits and fresh ingredients. Other options include curated beers from Utah's breweries and creative non-alcoholic drinks. Hosts can truly impress their guests with Culinary Crafts' onsite catering services. The chefs can cook the menu items at the venue to ensure guests get hot and ready meals, and they can even bring their own kitchens if needed. The best part is that hosts don't have to worry about planning, setup, or cleanup. They can sit down with the team to discuss their goals for their party or event. From there, in-house experts (including planners, designers, chefs, bakers, and event managers) take over to create a customized menu and service plan that fits any vision or budget. They'll also take care of logistics and utilize their inside venue connections for a stress-free experience. Clients can throw the perfect party at the right price, leaving an excellent impression on those who attend. They also have the added benefit of less stress and energy expended on event details, as these things are taken care of by Culinary Crafts.
- May 22, 2026Public Company
Safeguarding growth: Allianz General empowers businesses with resilience-focused solutions
Empowering SMEs with Tailored Solutions For business owners, extended closures can severely impact operations, potentially resulting in revenue losses and even staff layoffs. To support corporate policyholders during such challenging times, Allianz General is offering one-time financial assistance of up to RM20,000 under active Allianz Business Shield, Standard Fire or Commercial Fire policies. This benefit applies when a covered event leads to the insured premises being forced to shut down for at least 48 hours. This financial assistance complements the comprehensive coverage offered by Allianz Business Shield, which offers tailored protection based on customers’ specific needs. It also leverages the Standard Fire and Commercial Fire policies, which can be extended to cover not only fire-related financial losses but also risks such as floods, damage from falling trees and more. The one-off financial assistance is available from 1 February 2026 to 31 December 2026 or until the total financial relief paid out reaches RM2.5 million. Supporting Employers and Their Workforce Recognising that many businesses across various industries employ foreign workers, Allianz General offers business owners enhanced coverage through its Foreign Workers Hospitalization and Surgical (FWHS) policy, helping to alleviate the financial burden on employers should their foreign workers require hospitalisation due to accident or illness. Allianz General also provides added financial security through complimentary RM10,000 one-year Group Personal Accident (GPA) coverage. This coverage provides support for accidental death or permanent disablement and is included with every FWHS policy issued between 1 February 2026 to 31 December 2026. For more information on the campaigns and policies, please refer to the links below: Allianz Business Shield Allianz Standard Fire and Commercial Fire Insurance Foreign Workers Hospitalization and Surgical Download Press Release
- May 22, 2026Medicine & Pharmaceuticals
Duopharma Biotech Contributes to National Pharmaceutical Self-Reliance Through Manufacturing Capacity and Portfolio Growth
Duopharma Biotech Contributes to National Pharmaceutical Self-Reliance Through Manufacturing Capacity and Portfolio Growth Business roadmap supports regional market ambitions and aligns with goals of New Industrial Master Plan 2030 and 13th Malaysia Plan Duopharma Biotech Berhad ("Duopharma Biotech" or "the Company") held its 25th Annual General Meeting today, capping a successful FY2025 ended 31 December 2025, that saw the Company growing its revenue by 14.5% to RM931.69 million, from RM813.70 million in FY2024. The sustained double-digit growth was primarily driven by resilient demand from both the public and private sectors across all business segments, complemented by a one-off surge in insulin supply. Profit Before Tax ("PBT") saw markedly strong growth, rising 43.6% year-on-year, and breaching RM100 million for the first time to hit RM114.91 million. In addition to higher revenue, the performance was mainly due to continued favourable API costs, positive foreign exchange movements and improved operational efficiency. Consequently, the Board of Directors announced a second interim dividend of 3.05 sen per share (FY2024: 2.0 sen), adding to the first interim dividend of 1.5 sen (FY2024: 1.0 sen) per share, bringing the total dividend for FY2025 to 4.55 sen (FY2024: 3.0 sen) per share). The total dividend payout of RM43.77 million (FY2024: RM28.86 million), comprising approximately 50% of the total Profit After Tax, was 51.7% higher year-on-year, demonstrating the Company’s commitment to attractive shareholder returns. Duopharma Biotech Chairman Datin Paduka Kartini Haji Abdul Manaf commented: “As a Malaysian pharmaceutical leader and Government-linked Corporation, Duopharma Biotech is proud to play our role in ensuring Malaysia’s healthcare ecosystem remains resilient amidst global uncertainties, supporting national priorities by ensuring reliable access to high quality, locally-manufactured medicines for everyone. We aim to provide smarter solutions for a healthier life, via a broader product portfolio, Halal offerings that meet consumer needs and enhanced manufacturing capacity. Guided by the pillars of our ESG Strategy including Sustainable Supply Chain and Access to Medicine, our offerings target to meet growing domestic needs, such as the many Malaysians living with diabetes, hypertension and high cholesterol highlighted in the recently published National Health and Morbidity Survey ("NHMS") 2025.” Duopharma Biotech Group Chief Executive Officer Wan Amir-Jeffery Wan Abdul Majid remarked, “2025 was a strong year of business performance where Duopharma Biotech continued to ensure a reliable supply of medicines in-country, as well as in our international markets. This was supported by having robust domestic manufacturing capacity in pharmaceuticals which is critical in safeguarding medicine supply in Malaysia. We can see the Government’s attention through major national policies such as the 13th Malaysia Plan ("RMK-13") that encourages domestic manufacturing and greater self-reliance in pharmaceutical supply chains, as well as the New Industrial Master Plan 2030 ("NIMP 2030") that earmarks the pharmaceutical sector as a Key Growth Segment, aiming to enhance the manufacturing of biologics, generics and active pharmaceutical ingredients ("API"), as well as the production of Halal medicines. At Duopharma Biotech, we will continue expanding our portfolio via new products developed in-house and partnerships with innovative technology players.” A Strategic and Comprehensive Portfolio In FY2025, the Company achieved a significant milestone by becoming the first company in the world to obtain Halal certification from JAKIM for its biologic product, namely an erythropoietin biosimilar used in the treatment of anaemia among chronic kidney disease patients. In FY2026, the Company will continue expanding its portfolio for treating non-communicable and chronic conditions. The focus on diversification continued in Consumer Healthcare, with the introduction of CHAMPS® Nutribar to offer Vitamin C added as a healthy snack for children, and FLAVETTES® MsRange powdered food supplement for beauty and wellness in women. In addition, the new PROVITON® STR offered energy gels for revitalisation and endurance in sports. Duopharma Biotech remains a key supplier to the Ministry of Health ("MOH"), currently supplying pharmaceutical and non-pharmaceutical products in the Approved Products Purchase List ("APPL") to Government-operated healthcare facilities until 31 December 2026. The company is also contracted to supply Insulin Aspart to MOH facilities from 6 February 2026 to 5 February 2028, valued at about RM53 million, and recently completed a three-month interim contract (with partner Biocon) to supply Recombinant Human Insulin to MOH facilities from 16 February to 15 May 2026, valued at approximately RM65 million. Changes in Leadership FY2025 witnessed key changes in Duopharma Biotech’s Senior Management and Board of Directors. Wan Amir-Jeffery Bin Wan Abdul Majid was appointed Group Chief Executive Officer, taking over from former Group Managing Director Leonard Ariff Bin Abdul Shatar, while Rohayu Rosnani Binti Mohd Adanan took over the Chief Financial Officer position from Chek Wu Kong. In addition, Noor Aida Binti Jaafar was promoted to Chief Commercial Officer. The Board of Directors welcomed four new Independent Directors: Datuk Wira Arham Bin Abdul Rahman (Senior Independent Non-Executive Director), Dato’ Adnan Hisham Bin Pawanteh, Dr Sharmila A/P Ramachandran and Dr Hasnita Binti Hashim, as well as Non-Independent Director Mohamad Idros Bin Mosin. They replaced outgoing Board members Razalee Bin Amin, Datuk Nik Moustpha Bin Haji Nik Hassan, Zaiton Binti Jamaluddin, Dato’ Dr Zaki Morad Bin Mohamad Zaher, Mohd Haris Bin Mohd Arshad and Dato’ Eisah Binti A. Rahman. Continued Recognition Across FY2025, Duopharma Biotech continued to garner accolades. Key wins include the Prime Minister’s Award (Private Sector) and the Gold Award (Private Sector) at the Integrity, Governance and Anti-Corruption Award ("AIGA") 2025 by the Malaysian Institute of Integrity. At the MSWG National Corporate Governance & Sustainability Awards ("NACGSA") 2025, the Group was ranked among the Top 20 companies for Overall Excellence and received the Mid Cap Excellence Award for companies with market capitalisation between RM1 billion and RM2 billion. The Company was also honoured with the Excellence Award (Silver) for companies with less than RM2 billion in market capitalisation at the National Annual Corporate Report Awards ("NACRA") 2025, and received international recognition with the Excellence in Governance (ESG) Award at the CSIA Global Governance Awards 2026 and the Technology & Innovation Excellence Award at the World Halal Excellence Award ("WHEA"). On the Human Resource front, Duopharma Biotech emerged Champion in the Graduates’ Choice of Employer (Pharmaceutical) category at the 8th Talentbank Graduates’ Choice Awards 2026, a heartening endorsement of trust among youths, after coming in second in the previous six years. Meanwhile, the Company’s established consumer brands continued to be recognised, with CHAMPS® Vitamin C named the Most Voted Kid’s Supplement in the Guardian Awards 2025’s Fan Favourites segment, while UPHAMOL® and FLAVETTES® respectively took Silver and Bronze in the Health category at the Putra Aria Brand Awards 2025.
- May 21, 2026Top Stories
AirAsia X Berhad (D7) retains globally recognised IOSA certification
AirAsia X Berhad (airline code D7), the medium- to long-haul affiliate airline under AirAsia X/AirAsia Group*, has successfully maintained its International Air Transport Association (IATA) Operational Safety Audit (IOSA) certification, with its IOSA Registry validity extended until 16 January 2028. First accredited under the IOSA programme in 2013, AirAsia X Berhad has consistently demonstrated its commitment to maintaining the highest international safety and operational standards across all areas of its operations. Benyamin Ismail, General Manager of AirAsia X said, “The successful renewal of our IOSA certification reflects the strength of our safety culture and operational discipline across the organisation. Having maintained IOSA accreditation since 2013 is a significant milestone for the airline and reinforces our unwavering commitment to safety, security and operational excellence for our guests.” The IOSA programme is an internationally recognised and accepted evaluation system designed to assess an airline’s operational management and control systems. It is widely regarded within the aviation industry as the global benchmark for airline operational safety. Conducted on a biennial basis, the IOSA audit covers eight key operational disciplines: organisation and management systems, flight operations, operational control and flight dispatch, aircraft engineering and maintenance, cabin operations, ground handling operations, cargo operations, and security management. The renewal of the IOSA Registry demonstrates the Group’s adherence to stringent international operational and safety requirements, while reinforcing the airline’s commitment to operational excellence and continuous improvement. *The name change from AirAsia X to AirAsia Group Berhad is subject to shareholder approval at the company's 19th Annual General Meeting and registration by the Companies Commission of Malaysia (CCM). *** END ***
- May 20, 2026Public Company
FUJIFILM Cellular Dynamics Launches New iPSC Manufacturing Facility in Madison
FUJIFILM Cellular Dynamics Inc., a pioneering global developer and manufacturer of human-induced pluripotent stem cells (iPSCs), today celebrated the opening of its new headquarters and iPSC development and manufacturing facility in its Madison home. The new site is expected to quadruple the capacity for the company’s iPSC-based research products and services manufacturing footprint and expand capabilities across FUJIFILM Cellular Dynamics’ research product portfolio. With an eye toward future demand for contract manufacturing of cell therapy products, the facility is designed to be scalable to accommodate a wide range of processes, from investigational drug manufacturing to commercial production. The site will expand manufacturing of the company's iPSC-derived iCell product lines, which are increasingly leveraged for new approach methods (NAMs) in drug discovery. “Completion of this facility comes at a critical time in the iPSC field, where FUJIFILM Cellular Dynamics has been setting industry standards for more than 20 years,” said Toshihisa Iida, director and corporate vice president of FUJIFILM Corporation, Japan, and chairman of FUJIFILM Biotechnologies. “This new facility enables us to respond to growing demand from pharmaceutical companies, research institutions, and academia engaged in new drug research and development, further delivering on our commitment to the development of life-changing medical treatments and to the people who will benefit from them.” In recent years, regulatory guidance in the United States and Europe has heightened interest in transitioning away from animal testing and toward NAMs. Against this backdrop, the use of iPS cell–derived differentiated cells, which more accurately reproduce human biological functions, has been increasingly adopted in the evaluation of efficacy and safety at the preclinical stage of drug development. As one part of a previously announced $200 million strategic investment by Fujifilm, the 175,000-square-foot building integrates state-of-the-art capabilities — such as cell culture manufacturing laboratories, process development laboratories, and a center of excellence for gene editing — that support both research-grade iPSC products and development services for partners developing next-generation cell therapies. The expanded capacity will advance development, manufacturing, and commercialization efforts across FUJIFILM Cellular Dynamics’ portfolio. “The opening of this facility is an exciting milestone for FUJIFILM Cellular Dynamics and represents a crucial next step for scaling the infrastructure needed to support the next generation of iPSC-based research and therapeutics in the U.S.,” said Tomoyuki Hasegawa, president and CEO of FUJIFILM Cellular Dynamics. “By expanding our development and manufacturing capabilities, we can better support partners working to translate stem cell science into real clinical impact. Our research portfolio additionally supports drug discovery across all therapeutic modalities, thus truly embodying our ‘Partners for Life’ brand.” Today’s ribbon-cutting celebration was attended by Fujifilm’s leadership and state and local public officials, including Wisconsin Gov. Tony Evers, Deputy Secretary Sam Rikkers of Wisconsin Economic Development, Deputy Consul-General Naoya Kishi, and Madison Mayor Satya Rhodes-Conway. “FUJIFILM Cellular Dynamics is a Wisconsin success story,” said Gov. Evers. “Thanks to James Thomson’s pioneering stem cell research at the University of Wisconsin-Madison, collaboration between our state’s public and private sectors, and global partnerships to carry this innovation forward, we are celebrating not only the growth of one company, but our state’s leadership throughout the fields of biohealth and biotechnology.” “This facility reflects our commitment to reinforcing Madison’s position as a global center for stem cell innovation,” said Delara Motlagh, COO, FUJIFILM Cellular Dynamics. “The expanded footprint highlights the strength of the region’s biotechnology ecosystem while advancing regenerative medicine by supporting customers worldwide. We are a truly global company, headquartered in Madison.”
- May 20, 2026Top Stories
JD.com Announces First Fully AI-Integrated 618 Grand Promotion, Kicking Off at 8 PM on May 30
On May 18, JD.com announced that its annual 618 Grand Promotion will officially begin at 8:00 PM on May 30, offering immediate availability across product categories with globally sourced products, exclusive launches, and official discounts of up to 50% off. This year’s campaign will also mark JD.com’s first 618 deeply integrated with AI across both consumer experiences and industrial operations. Leveraging the company’s continued investment in technology and deeply embedded supply chain ecosystem, AI capabilities will power innovations across retail, logistics, healthcare, merchant operations, and a wide range of real-world scenarios. Simpler Savings, Bigger Value The 2026 JD.com 618 Grand Promotion centers around “Direct Discounts, Up to 50% Off,” with a simplified pricing approach designed to make value easier to understand and access. Consumers can expect a broad mix of discounted bestsellers, limited-time offers, new product launches, and category-wide promotions across the platform. JD.com is also upgrading its “Double the Price Difference” guarantee that will allow users to submit multiple claims with an extended application period this year, reinforcing JD.com’s commitment to transparent pricing and consumer trust. Additional benefits include platform-wide coupons, food delivery and travel vouchers, enhanced JD Plus member benefits, and flexible payment options including interest-free installment plans. JD.com’s omnichannel ecosystem will extend the 618 experience across both online and offline environments, leveraging tens of thousands of physical retail and service locations to provide integrated shopping, dining, healthcare, and entertainment experiences. AI Brings New Products and Smarter Living to 618 As AI-enabled devices become increasingly embedded in everyday life, JD.com’s 618 shopping festival will introduce consumers to a broader portfolio of cutting-edge smart products, including devices powered by JoyInside, an AI agent for smart hardware. Following a major upgrade, JoyInside is expanding beyond toys and robotics into a wider ecosystem of AI-enabled home products. Consumers will see the debut of new AI-integrated household solutions spanning educational devices, smart learning lamps, intelligent printers, smart mattresses, cooking robots, mobility assistance devices, and more. Today, JoyInside collaborates with nearly 200 brands across home appliances, robotics, healthcare, toys, and connected devices, embedding AI capabilities into physical products. The company expects JoyInside to be integrated into more than 10 million smart hardware devices this year. JD.com is also embedding AI capabilities into healthcare, food delivery, home services, home renovation, automotive services, and financial offerings. During 618, JD Health’s AI medical assistant ecosystem will launch new intelligent service capabilities, bringing together AI doctor, nutritionist, and pharmacist agents to connect users with online consultations, rapid testing, home nursing, and medicine delivery services. AI Across 3,000+ Scenarios: From Industries to Households JD.com is uniquely positioned to bring AI into real-world applications through its deep integration of AI across industrial and consumer scenarios. Its AI capabilities now power more than 3,000 use cases across retail, logistics, healthcare, industrial supply chains, food delivery, and lifestyle services, helping translate AI innovation into tangible value for businesses and consumers. The company is building the world’s largest Physical AI operations hub, accelerating AI adoption from industries into everyday households. The company’s AI-related R&D spending is expected to increase by more than 200% this year, supported by a full-stack AI portfolio, including JoyAI LLM, JINGDONG Logistics’ Super Brain LLM, JINGDONG Health’s Jingyi Qianxun medical LLM, JoyIndustrial LLM, and JoyAI-RA embodied intelligence models. For JD.com’s merchants, AI is evolving from a supporting tool into a new business operating infrastructure. During this 618, AI will directly participate in business diagnostics, merchandising operations, marketing placement, livestreaming conversion, customer service and after-sales support, helping more than one million merchants reduce costs and accelerate growth. JD.com’s AI-native JoyStreamers are also receiving major upgrades, evolving from AI livestream hosts into end-to-end livestream growth engines capable of planning, presenting, moderating, selling, and performance analysis. Across logistics operations, JINGDONG Logistics’ upgraded Super Brain LLM will be deployed at scale during 618, enabling deep AI applications across more than 1,000 core logistics and supply chain scenarios. Acting like a real-time navigation system for supply chains, the model dynamically optimises transportation routes for tens of millions of parcels, reducing empty miles and lowering operational costs. New AI-powered inventory diagnostic tools will also help brands and merchants analyse regional demand and inventory levels to enable smarter replenishment decisions.
- May 20, 2026Top Stories
CapitaLand launches second edition of Community Resilience Initiative with new funding of up to S$4 million to support vulnerable children and youth in Asia
CHF's commitment of up to S$4 million in this edition includes S$3.5 million in initial funding, with an additional Outcomes Achievement Fund that grantees may unlock upon successful delivery of defined results. CapitaLand Hope Foundation (CHF) has announced the second edition of CapitaLand Community Resilience Initiative (CCRI) with a new funding of up to S$4 million. The funding platform will support 12 grantee organisations across China, India, Singapore and Vietnam to empower children and youth. CHF’s commitment in this edition includes an initial mobilisation of S$3.5 million and a new Outcomes Achievement Fund that grantees can unlock upon successful delivery of defined results. The announcement was made at Philanthropy Asia Summit 2026 (PAS 2026), where CHF held a panel discussion themed “From Commitment to Impact: Catalysing Community Resilience Through Investing in Children and Youth” . The session discussed how collaborative and outcome-driven philanthropy can deliver long-term impact for vulnerable children and youth. A platform built for sustained impact The inaugural CCRI last year (opens in a new tab) , which awarded S$3.4 million to 12 grantees (opens in a new tab) , focused on identifying and funding high-potential non-profit organisations. CCRI takes a broader ecosystem approach in 2026. It strengthens capacity building for non-profits, provides greater access to partner networks and prioritises delivery of outcomes. Tony Tan, Executive Director, CHF, and Chief Corporate Officer, CapitaLand Development, announces the launch of CCRI 2026 Tony Tan, Executive Director, CHF, and Chief Corporate Officer, CapitaLand Development, said: “At CHF, we believe that investing in children and youth is one of the most powerful ways to build resilient communities. We are deepening our commitment to them with the second edition of CCRI this year. Our partnerships with 12 grantees across Asia and increased funding of up to S$4 million, reinforce our focus on driving measurable, lasting impact.” CCRI deepened collaborations with two partners this year: AVPN, one of Asia’s largest social investment networks, strengthens the grantee selection process by bringing a wide pool of quality applicants, due diligence, outcome monitoring, cross-regional learning and capacity building. Philanthropy Asia Alliance (PAA), part of the Temasek Trust ecosystem, identifies CCRI grantees with proven results and taps on its network to further scale high-impact solutions. Patsian Low, Chief of Markets & Deputy CEO, AVPN said: “AVPN is proud to continue as the global knowledge partner for the second edition of CCRI. What makes this initiative distinctive is its willingness to invest in the capacity of non-profits, partner connections and collective intelligence that enable organisations to grow their good work. This is the kind of coordinated and strategic philanthropy that Asia needs.” Applications for CCRI 2026 are open from 19 May to 22 June 2026. Organisations are invited to submit proposals across three impact areas to support children and youth, amidst escalating climate risk and socio-economic challenges: Education Skills development Mental well-being Visit www.capitaland.com/CCRI2026 (opens in a new tab) for more information on the submission criteria and application. Grantees will be announced in November 2026, with projects to be implemented from January 2027 to December 2028. For more information on CCRI 2026, please refer to Annex A . Voices from the field: cross-regional perspectives on community resilience At the PAS 2026 session, practitioners from across Asia gathered to discuss the journey from philanthropic intent to sustained community impact. Panellists shared how their organisations navigate systemic barriers, build partnerships, and deliver results for vulnerable children and youth. For more information on the panellists and their respective quotes, please refer to Annex B . (L-R): Huynh Thi My Lam, Communications & Fundraising Coordinator, Ho Chi Minh City Child Welfare Association; Dr. Andrew Lim, CEO, Presbyterian Community Social Services; Xu Shan, Vice Dean, Beijing Normal University China Philanthropy Research Institute; Vaibhav Kumar, Co-founder & CEO, SwaTaleem Foundation; Patsian Low, Chief of Markets & Deputy CEO, AVPN (moderator) "From Commitment to Impact: Catalysing Community Resilience Through Investing in Children and Youth”, held by CHF at PAS 2026
- May 18, 2026Business
CATL Subsidiary CAIT Partners up with Togg on Bedrock Chassis
Contemporary Amperex Intelligent Technology (Shanghai) Limited (CAIT), CATL's skateboard chassis arm, has entered into a strategic partnership with Turkish automotive brand Togg to jointly develop chassis platform for its new B-segment vehicle family, marking the first overseas passenger vehicle project for the platform. Togg CEO Gürcan Karakaş, CATL Chief Customer Officer, Co-President of Sales& Marketing Libin Tan and CAIT CEO Hanbing Yang signed the agreement for their respective companies; Togg Chairman Fuat Tosyalı and CATL Chairman & CEO Robin Zeng were present as witnesses. Under the agreement, CAIT will contribute its Bedrock Chassis technology and engineering expertise, while working closely with Togg to co-develop the platform for three models in Togg's new B-segment vehicle family. Developed in line with Togg's product strategy, user expectations and mobility ecosystem, the platform will support next-generation electric vehicles for the Turkish and European markets, with Togg playing a defining role in shaping the user experience, product requirements and digital architecture. The first model developed under the partnership is expected to enter mass production in 2027. Battery-centric chassis architecture The Bedrock Chassis is an integrated intelligent chassis built around a "battery-centric" architecture. It combines core chassis components including the battery, electric drive system, thermal management system and chassis domain controller into a single platform. This integration allows the chassis to manage both vehicle energy and motion control, effectively acting as a mobile energy carrier for the vehicle. Robin Zeng, Chairman and CEO of CATL, said, "This collaboration represents another important milestone in the global expansion of the CATL Bedrock Chassis following its mass production rollout in the Chinese market. It will also serve as a benchmark project in the field of integrated intelligent chassis, strengthening our global partnerships, accelerating electrification and supporting the transition to low-carbon mobility in emerging new energy markets." Commenting on the partnership, Togg Chairman Fuat Tosyalı said: "We see mobility not merely as a product category, but as a holistic matter of technology and ecosystem. In this direction, we are taking the partnerships we establish beyond conventional supplier relationships and turning them into strategic partnerships that create shared value and build the future together. Rather than adopting a ready-made solution, we are becoming part of the entire development process, responding more effectively to user needs while also contributing to the development of this ecosystem in our country. In the period ahead, through such value-creating partnerships, we will further enrich the Togg ecosystem and the experience we offer our users by developing new solutions across different segments." Localised model for global markets The Bedrock Chassis has been developed for global deployment through a "1+1+1" localisation model. This model combines one chassis technology platform with one industrial supply chain pathway and the localised operation of one domestic automotive brand. The aim is to allow electric vehicles to be designed and produced in ways that reflect the needs of local markets while using a common technological foundation. The partnership with Togg is expected to apply this approach in Türkiye, supporting the development of vehicles tailored to regional consumer preferences while strengthening the local electric vehicle ecosystem. Expanding international partnerships In 2024, the Bedrock Chassis achieved mass production in the Chinese market, marking the world's first deployment of an integrated intelligent chassis offered as a standalone product to passenger vehicle brands. CAIT is continuing to expand cooperation around the Bedrock Chassis in several regions, including Europe and Southeast Asia. The platform is designed to help emerging automotive markets build competitive electric vehicle industries more efficiently, while supporting the global shift towards low-emission mobility.
- May 18, 2026Business
Weebit Nano raises $15 million via strongly supported SPP
Weebit Nano Ltd ( ASX: WBT , Weebit or Company ), a leading developer of advanced memory technologies for the global semiconductor industry, has successfully raised approximately $15 million via a strongly supported Share Purchase Plan ( SPP ) to existing shareholders. Approximately 3,705,094 new fully paid ordinary shares in Weebit ( New Shares ) will be issued at an issue price of $4.05 per New Share. The SPP, which closed at 5:00pm AEST on 8 May 2026, enabled eligible shareholders to apply for up to $30,000 worth of New Shares at $4.05 per New Share. It followed the successful completion of a fully underwritten institutional placement of $80 million and a non-underwritten placement of $7 million to Israeli investors at the same issue price (announced 26 March 2026). Applications totalling approximately $21.5 million were received from 881 eligible shareholders, reflecting a participation rate of 6.6% and an average application amount of approximately $24,390. Given the strong demand was in excess of the stated target of $15 million, the allocation of New Shares involves a scale-back of applications in accordance with the terms and conditions of the SPP via the application of the following principles: Applicants who, at 7:00pm AEDT on 25 March 2026 ( Record Date ), held 100 shares or less will receive no allocation An equal scale-back of 14.2% scale back will be applied to all other applications The scale-back principles are structured to balance fairness and recognition for Weebit’s supportive shareholders. Total gross proceeds raised through the SPP of approximately $102 million will be used to accelerate scale-up and commercialization of Weebit’s market leading ReRAM technology, fast-track the development and delivery of AI offerings and for general corporate purposes. Weebit Nano CEO Coby Hanoch said, “The Board and I are incredibly grateful for the strong support we continue to receive from our loyal retail shareholder base. Weebit is at an exciting juncture in the Company’s history with AEC-Q100 (automotive grade) qualified ReRAM, multiple licensing agreements with leading foundries and IDMs, two commercial product prototypes integrated with Weebit ReRAM, and a world-class executive team. While our ReRAM technology already outperforms competitor offerings across most technical parameters, this capital enables us to scale up and accelerate the commercialisation of our ReRAM technology to cement our market leadership and expand our footprint. The ReRAM race will be run and won in the coming years, and we want to make sure we not only have the best technology in the market but are able to support emerging AI demands alongside a significant step-up in licensing agreements. Our strengthened balance sheet will see us accelerate our growth ambitions, addressing new market segments and increasing barriers to entry.” Allotment of the New Shares is expected to occur on Friday, 15 May 2026, with the issue of 3,705,094 fully paid ordinary shares. Shares issued under the SPP will rank pari passu with existing shares on issue. – ENDS – Authorised for release by the Board of Weebit Nano Limited. About Weebit Nano Limited Weebit Nano Ltd. is a leading developer and licensor of advanced semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM or RRAM ) addresses the growing need for significantly higher performance and lower power memory solutions in advanced system-on-chip ( SoC ) designs for applications such as AI inference , automotive electronics, industrial systems, analog and power IC s, and secure devices. Weebit ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing flash memory solutions . As it is based on fab -friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments. See: www.weebit-nano.com
- May 16, 2026Business
Pair of adjoining 2-storey Freehold Conservation Shophouses with a 6-storey rear extension in Farrer Park / Jalan Besar for Sale via Expression of Interest
CBRE Pte Ltd (“CBRE”), as the exclusive marketing agent, is presenting for sale a pair of adjoining 2-storey freehold conservation shophouses with a 6-storey rear extension at 155 Kitchener Road (“the Properties”). The sale will be conducted via an Expression of Interest exercise, which will close on Thursday, 18 June 2026, at 3pm. Occupying a combined freehold land plot of about 2,713 sq ft and an estimated total floor area of 8,175 sq ft, the shophouses command a prominent main road frontage of approximately 11 metres along Kitchener Road. The shophouses are zoned “Commercial” with a Gross Plot Ratio 3.0 under the Jalan Besar Conservation Area and are presently fully tenanted, offering incoming investors with stable and immediate rental income. The ground floor is currently occupied by a restaurant, while the upper floor units are currently tenanted to a gym / fitness centre and offices. The indicative guide price for the shophouses is S$28 million. The shophouses are nestled in the heart of the vibrant Farrer Park / Jalan Besar district, an enchanting historic precinct that is strategically positioned at the city-fringe, right at the doorstep to the Central Business District and Orchard Road. Over the last decade, the Farrer Park / Jalan Besar precinct has evolved into one of Singapore's most sought-after city-fringe locales and celebrated food destinations for both locals and tourists. The area boasts a colourful mix of traditional hawker fare, award-winning restaurants, hipster cafes, and popular dessert chains, ensuring high visibility and vibrant day-to-night activity. Some notable examples include, Putien (One Michelin Star), Swee Choon Dim Sum, Beach Road Scissors Cut Curry Rice, Sungei Road Laksa, Chye Seng Huat Hardware, Moonchild, and Ponggol Nasi Lemak. The Farrer Park and Jalan Besar corridor continues to develop, building on a decade of strategic rejuvenation and a concentration of established commercial centres such as the newly enhanced City Square Mall, Centrium Square, Mustafa Centre, and the recently completed Piccadilly Galleria. The upcoming completion of over 3,000 prime residential units across five major BTO developments, such as Farrer Park Fields and McNair Heights, is expected to significantly enhance the local demographic density. For commercial stakeholders, this residential expansion translates into a substantial strengthening of the immediate consumer base and long-term growth potential. Mr. Clemence Lee (利伟强), Executive Director, Capital Markets, Singapore at CBRE , commented, “155 Kitchener Road presents a rare opportunity to acquire a pair of well-refurbished commercial shophouses backed by exceptional investment fundamentals. Beyond its sought-after freehold tenure, the asset also boasts permanent F&B approval on the ground floor and benefits from versatile floor plates that can be well-suited for a variety of uses. These include potential conversion of the upper floor units into “Student Hostel” or “Residential” uses (subject to approval from the relevant authorities) to further improve rental command. As such, we anticipate strong interest from boutique property funds and family offices who recognise the scarcity of prime shophouses located so closely to major anchor landmarks like City Square Mall and Mustafa Centre. Assets of this calibre in such a tightly held precinct are increasingly viewed as defensive additions to sophisticated portfolios. He adds, “Kitchener Road has emerged as a beneficiary of the district’s ongoing transformation. As the area’s residential density increases with the completion of major BTO and private residential projects, 155 Kitchener Road is perfectly positioned to capture the resulting increase in footfall and consumer spending, which will enhance rental performance and drive capital appreciation over the medium to long term horizon.” The assets command a strategic position within a highly accessible precinct that is bolstered by a comprehensive transport network. Immediate connectivity is provided by a bus stop just 70 metres away, while the Farrer Park and Jalan Besar MRT stations are reachable within a short five to nine minute walk. For those commuting by private transport, the site’s proximity to major arterial routes—including the Central Expressway (CTE), East Coast Parkway (ECP), and Nicoll Highway—ensuring seamless island-wide accessibility. About CBRE Group, Inc. CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com .
- May 16, 2026Business
FTREIT delivers strong 1HFY2026 performance over THB 1,500 million net profit on investment, up 10% Y-o-Y
Frasers Property Industrial REIT Management (Thailand) Company Limited (“FIRM”), the REIT Manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT (“FTREIT”) has announced 1HFY2026 (October 2025 - March 2026) performance, reporting total revenue of THB 2,250.4 million, an increase of 7.6% or THB 159.8 million year-on-year (Y-o-Y), while net profit on investment increased by 10.6% or THB 146.8 million Y-o-Y to THB 1,534.5 million. In 2QFY2026 (January - March 2026), FTREIT achieved quarterly total revenue of THB 1,129.3 million, an increase of 6.8% or THB 72.1 million Y-o-Y, with net profit on investment at THB 770.6 million, an increase of 9.8% or THB 68.9 million. Mr Bhumpharn Arunthammakul, Managing Director of FIRM, the REIT Manager for FTREIT , stated, “Persistent geopolitical tensions have continued to drive investors to steadily relocate their production bases to Southeast Asia, with Thailand emerging as a premier investment destination. This trend has driven robust demand for factory and warehouse space, particularly in the electronics and logistics sectors. Consequently, FTREIT’s portfolio performance remains strong, maintaining an average occupancy rate of 93.1% for the first half and 92.5% for the second quarter of FY2026.” FTREIT announced a second-quarter distribution of THB 0.1950 per unit, scheduled for payment on 11 June 2026. Combined with the first quarter, the total 1HFY2026 distribution stands at THB 0.3895 per unit. “Despite economic volatility driven by rising energy costs, the impact to FTREIT’s tenants remains manageable. FTREIT continued to achieve its targets for rental income collection and secured new lease agreements. Nevertheless, the REIT Manager is closely monitoring the situation and effect of government policies in order to implement strategies that ensure operational continuity and long-term value for both the Trust and tenants,” Mr Arunthammakul added. Looking ahead to 2HFY2026 (April – September 2026), FTREIT plans to continue expanding through the strategic acquisition of high-potential assets. By exploring opportunities within the Frasers Property Thailand group and third parties, the trust aims to drive growth and continue to deliver resilient and sustainable returns to unitholders.
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