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  • IICCS Forum 2025 Officially Opens: Indonesia Strengthens Its Position as a CCS Leader in the Asia-Pacific

    IICCS Forum 2025 Officially Opens: Indonesia Strengthens Its Position as a CCS Leader in the Asia-Pacific

    JAKARTA, Oct 7, 2025 – (ACN Newswire) – Indonesia reaffirmed its ambition to become the hub for Carbon Capture and Storage (CCS) in the Asia-Pacific region, marked by the opening of The 3rd International & Indonesia CCS Forum 2025 (IICCS Forum 2025), from Oct 7~8 at the Mulia Hotel, Jakarta, under the theme “Advancing Indonesia as a CCS Hub Leader in the Asia Pacific: Achieving Net Zero and Economic Growth.” The forum is supported by the Ministry of Energy and Mineral Resources, Coordinating Ministry for Economic Affairs, and People’s Consultative Assembly of the Republic of Indonesia (MPR RI).

    The opening session featured high-level discussions with government officials, energy industry experts, academics, and global investors. Deputy Speaker of People’s Consultative Assembly Eddy Soeparno emphasized that the government is committed to accelerating the implementation of CCS through clear regulations, investment incentives, and inter-ministerial coordination. He noted, however, that success will not be achieved without collaboration among all stakeholders—government, industry, academia, and investors. With strong cooperation, he expressed confidence that Indonesia can become a CCS hub in APAC, while ensuring a just energy transition that delivers long-term economic benefits for society.

    As the host, Belladonna Troxylon Maulianda, Executive Director of the Indonesia CCS Center (ICCSC), stressed that the forum was designed to drive tangible collaboration: “The IICCS Forum is a space where all stakeholders can come together to find joint solutions. We hope this forum will generate policy recommendations, partnerships, and new projects that accelerate CCS implementation in Indonesia,” she said.

    Echoing this, Evan Lukas, Chairman of The 3rd IICCS Forum 2025 and Director of Indonesia Advocacy & Policy Development at ExxonMobil Low Carbon Solutions, added: “This forum is more than just a discussion. We want every session to result in concrete actions that make Indonesia a CCS investment magnet and a regional success story,” he noted.

    The 3rd IICCS Forum 2025  features Plenary and Panel Sessions on strategies to establish Indonesia as a regional CCS hub, Policy and Investment Sessions on regulatory frameworks, incentives, and CCS business models, as well as Technical Workshops and Project Showcases highlighting lessons from domestic and global CCS projects. The forum also includes an Exhibition and Networking Session to connect industry players with potential strategic partners and investors.

    This event aligns with Indonesia’s commitment to reducing emissions by up to 43.2% by 2030 (with international support) and achieving Net Zero Emissions by 2060 or sooner. CCS is seen as a key technology supporting the energy transition, particularly in hard-to-abate sectors.

    In addition to reducing emissions, CCS has the potential to create a new economic value chain—ranging from carbon storage infrastructure development and job creation to opening new business opportunities for the energy, manufacturing, and logistics sectors.

    This forum marks a significant step forward for Indonesia in ensuring that the energy transition not only supports climate targets but also creates long-term economic benefits for society. The full support and synergy between the government and industry, along with the strategic role of On Us Asia as a co-organizing partner, make this forum not just a platform for discussion, but a concrete step toward Indonesia’s leadership in the global energy transition.

    For more information on The 3rd IICCS Forum 2025, visit the official website: www.iiccsforum.com

    About IICCS

    The International & Indonesia Carbon Capture and Storage (IICCS) Forum  is a platform dedicated to promoting CCS technology and facilitating collaboration between governments and industries in addressing climate change through CCS implementation.

    About  ICCSC

    The Indonesia Carbon Capture and Storage Center (ICCSC) is a community of experts from various industry, including engineering, science, policy, and business, united by a shared commitment to finding practical solutions to COâ‚‚ emission challenges. Through research, innovation, and advocacy, we strive to accelerate carbon capture and storage development in Indonesia and position the country as a Regional CCS Hub. https://iccscenter.com.

    Media Contact:
    info@iccscenter.com
    +62 878 8721 3208

  • IFBH Accelerates Into Functional Beverages, Launching Its Second Growth Curve

    HONG KONG, Oct 2, 2025 – (ACN Newswire) – For a beverage company, the challenge of maintaining core category strengths while simultaneously exploring new growth avenues is a long-term issue. IFBH Limited (“IFBH”, 6603.HK) has its own solution. Recently, INNOCOCO under lFBH Limited officially launched two major new products, i.e. INNOCOCO electrolyte water, and simultaneously announced Teens in Times (TNT, a wildly popular boy group in Asia) as its first-ever Asia-Pacific Brand Ambassador.

    This initiative not only delivers IFBH’s profound insights into “healthy beverage” market, but also represents a forward-looking planning decided by its management team led by the CEO, Mr. Pongsakorn Pongsak, in response to the market trend. From the absolute leader in the coconut water market to a new entrant in the functional beverage market, IFBH is exploring a higher growth ceiling for itself.

    Investing in the functional beverage to usher in a new growth cycle

    Currently, benefiting from its precise grasp of consumers’ demands, the functional beverage is expanding into a new market at the pace of materially exceeding than that of traditional categories. According to CIC (China Insights Industry Consultancy Limited), the market size of functional beverage in Greater China is expected to be US$20.3 billion in 2025 and to increase to US$27 billion in 2029, with a compound annual growth rate of 7.5%. IFBH, which has consistently ranked first in mainland China and second globally in the coconut water market for many consecutive years, is now expanding into the functional beverage market with the launch of INNOCOCO electrolyte water. This move is not only a natural strategic progression but also a way to leverage its mature supply chain, brand strength, and channel resources to preemptively secure future growth opportunities.

    Unlike traditional hydration beverages on the market, the new INNOCOCO electrolyte water emphasizes a dual “Natural + Functional” attribute. It retains real coconut water ingredients, reinforcing the brand’s “natural and healthy” user perception, while its “Double Electrolytes + B Vitamins” formula expands the consumption scenario from simple thirst-quenching to high-frequency occasions like post-exercise recovery and enhanced focus during study or work. This strategically targets the consumption upgrade demands of both Gen Z and urban white-collar professionals. This user-centric product extension not only reduces market education costs for the new product but also enables rapid conversion leveraging the existing customer base, injecting new momentum into revenue growth.

    Regarding this, Mr. Pongsakorn Pongsak, CEO of IFBH Limited (the manufacturer and distributor of the INNOCOCO brand), said, “This is more than just a new product launch; it’s a brand refresh. It signifies our evolution from a trusted coconut water brand into a thoughtful companion for today’s vibrant generation.” This comment precisely highlights the core of IFBH’s strategic move – a shift from a “single category” towards “diversified portfolio”, aiming to unlock greater growth potential through diversification.

    Empowered by Teens in Times (TNT) to activate the youth market

    The appointment of Teens in Times (TNT) as brand ambassador is a precise move to reach the target audience. “Through Teens in Times (TNT) serving as our brand ambassador, we will bring INNOCOCO closer to young consumers than ever before.” Mr. Pongsakorn Pongsak said.

    As a super-popular idol group in the Asia-Pacific region, Teens in Times (TNT) boasts a massive fan base and holds significant influence and high topicality among young Chinese consumers. By partnering with them, IFBH gains multi-faceted benefits in brand rejuvenation, social media buzz, and cross-border influence, allowing the new product to rapidly penetrate target consumer circles. This creates a powerful trifecta of “Product+Celebrity+Scenario”. On the day the partnership was announced, the hashtag #INNOCOCOunderIFBHwelcomeTNTasbrandAmbassador# quickly soared to the Top 6 on Weibo Hot Search, garnering over 130 million reads and directly driving a sharp increase in traffic and orders for the INNOCOCO official flagship store, tangibly demonstrating the market impact of the endorsement.

    It is worth noting that while launching new products and marketing campaigns, IFBH maintains a balance between short-term performance and long-term growth. In the first half of 2025, IFBH achieved revenue of US$94.5 million, a 31.5% year-on-year increase, with an adjusted net profit of US$18.9 million, up 13.9% year on year. The robust growth of its core business provides a solid foundation for promoting new products.

    With the launch of INNOCOCO electrolyte water, bolstered by its existing channel foundation and new partnerships, IFBH is establishing a development pattern driven by both “Brand Momentum” and “Channel Velocity”. This not only promises sales growth but also indicates a simultaneous upgrade in IFBH’s brand power and channel capabilities, potentially leading to higher gross margins, faster inventory turnover, and stronger risk resilience.

    In a beverage market plagued by severe homogenization, IFBH’s success is no accident. From entering the functional beverage segment to leveraging Teens in Times (TNT) to engage the youth market, each step demonstrates the management’s deep market understanding and forward-thinking strategy. Looking ahead, as IFBH accelerates its penetration into target markets through new product promotions, celebrity endorsements, and brand rejuvenation, the Company is well-positioned to achieve growth in both revenue scale and profitability, further consolidating its leading market position.

  • HKTDC’s New Executive Director Sophia Chong takes up post

    HKTDC’s New Executive Director Sophia Chong takes up post

    HONG KONG, Oct 2, 2025 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) is pleased to announce that Sophia Chong assumed the role of Executive Director on 1 October.

    Ms Chong states: “The global economy is ever-changing, and Hong Kong’s role as a “superconnector” and “super value-adder” is more crucial than ever. The HKTDC has long stood shoulder to shoulder with Hong Kong businesses, helping enterprises seize opportunities amid global uncertainty. We will continue to enhance the depth and breadth of our services, leveraging Hong Kong’s unique strengths and advantages, to support businesses in boosting competitiveness and exploring new markets. At the same time, we will attract more enterprises to utilise the Hong Kong platform for international expansion, which will inject new momentum into our city’s economy and solidify its position as an international business hub.”

    On the same day, Jenny Koo took over the office of Deputy Executive Director, overseeing international exhibitions and related services and digital business.

    Ms Chong comments: “Jenny has served the HKTDC and SMEs for many years, bringing extensive experience and a broad perspective across areas. She is well-equipped to help enterprises navigate challenges and capture fresh opportunities. Her wealth of experience and innovative mindset will empower our team to deliver dynamic results.”

    Prior to her promotion, Ms Koo served as Assistant Executive Director, overseeing exhibitions and digital business initiatives, with a focus on promoting Hong Kong’s external trade.

    In 2020, as Director of Exhibition Market Development, she successfully transitioned physical exhibitions to virtual platforms. In 2021, she took on the role of Director of Digital Business, leading the formulation and implementation of the HKTDC’s digitalisation strategies as well as the upgrade of our hktdc.com Sourcing platform, all to enable SMEs to embrace digital technology.

    Media enquiries

    Please contact the HKTDC’s Communications & Public Affairs Department:

    Sunny Ng Tel: (852) 2584 4357 Email: sunny.sl.ng@hktdc.org

    About HKTDC

    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitionsconferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

  • Nanning Rail Transit Investment Group Achieves Remarkable Results at CAEXPO: Empowering ASEAN and BRI Cooperation with Service Capabilities Across the Entire Chain

    Nanning Rail Transit Investment Group Achieves Remarkable Results at CAEXPO: Empowering ASEAN and BRI Cooperation with Service Capabilities Across the Entire Chain

    Nanning, China, Sept 26, 2025 – (ACN Newswire) – The 22nd China-ASEAN Expo (CAEXPO) took place in Nanning, Guangxi, China, from September 17 to 21, 2025. Nanning Rail Transit Investment Group served as a bridge for regional cooperation through diversified approaches such as project agreements, technology export, and cooperation and exchanges, showcasing the comprehensive strength of state-owned enterprises and delivering significant achievements.

    During the CAEXPO this year, the Group signed three cooperation projects with JD.com and other enterprises, with a total investment of RMB 850 million, covering the fields of green energy and artificial intelligence (AI). The Group also joined hands with the Shenzhen Institute of Computing Sciences and Funeng Technology Holdings (Shenzhen) Co., Ltd. to establish the “Intelligent Transportation AI Data Joint Laboratory,” integrating resources from all three parties to explore innovative smart rail transit applications and advance the commercialization of scientific and technological achievements. Leveraging the ASEAN Metro Cooperation Committee of the China Association of Metros, the “China-ASEAN Rail Transit Training Base” was officially inaugurated. This initiative integrates resources from the government, enterprises, and schools to cultivate high-quality rail transit professionals who possess both expertise and an international perspective, drive innovation in smart rail transit technologies, and facilitate the commercialization of achievements, thereby deepening collaboration between China and ASEAN in the rail transit sector. As the host enterprise, the Group also organized the 2nd China-ASEAN International Seminar on Railway Interconnectivity Standardization, actively establishing a regional platform for talent cultivation and joint standard-setting. At the Nanning-Hanoi Economic Corridor and the “Belt and Road” Nanning Friendship Cities Exchange Conference, the Group developed a customized “MaaS Smart Mobility+” solution to meet the needs of Khon Kaen, Thailand, for an integrated smart transportation system (Model as a Service, MaaS), providing tailored solutions for smart transportation across ASEAN. The “Guangxi AI + Low-altitude Economy Industry-Education Integration Community” was inaugurated, which marked a deepened collaboration among the government, industry, colleges and universities, research institutes, and users. The ASEAN 10-country, multilingual, real-time translation AI-powered intelligent and digital subway customer service system, jointly developed with Unisound, also drew significant attention during the CAEXPO. During the CAEXPO, delegations from 12 government and business associations representing seven countries, including the United Kingdom, Myanmar, and Vietnam, visited and conducted on-site inspections of key facilities, such as the Network Operations Command Center (NOCC), the Intelligent Operations and Maintenance Center, and the Nanning Railway S&T Innovation Industrial Park. They gave high praise to Nanning subway’s efficient and intelligent operations and its 99.99% train punctuality rate, commending it as a benchmark for ASEAN rail transit operations.

    Established in 2008, Nanning Rail Transit Investment Group comprises 77 subsidiaries at various levels and employs more than 12,000 people. The Group has been repeatedly recognized as an “Excellent Enterprise in Guangxi” and listed among the “Top 100 Enterprises in Guangxi.” Currently, the Group operates five subway lines that extend a total of 128.2 kilometers. In the first half of 2025, passenger ridership exceeded 187 million, with a passenger density of 8,300 individuals per kilometer per day, which ranked the Group 12th among 53 subway operators nationwide.

    In terms of industrial layout, the Group has established a coordinated model integrating rail transit construction and operation, equipment manufacturing, digital economy, and urban development. Its Nanning Rail Transit Intelligent Manufacturing Industrial Park and Nanning Railway S&T Innovation Industrial Park have attracted nearly 50 high-end enterprises, forming an industrial cluster. The Group’s independently developed intelligent operation and maintenance system, protected by 54 patents, serves more than 70 lines across 14 cities in China. In the realm of smart cities, the Group has developed a smart platform enabling seamless integration between public transportation and shared mobility, advancing the MaaS model through “industrial investment + digital services.” The “Nanning Railway One-Code Access” and “Nanning Railway APP” have served over 8 million users, facilitating over 10 billion travel scenario connections.

    At present, the Group has built an investment-construction-operation-management integrated system encompassing all aspects of rail transit, including design, construction, operation, consulting, maintenance, equipment manufacturing, and talent cultivation. It can provide comprehensive solutions throughout the entire chain and continues to contribute to the high-quality development of China-ASEAN rail transit and the advancement of the Belt and Road Initiative (BRI).

    Company: Nanning Rail Transit Investment Group Co., Ltd.
    Email: gdtzwx1@nngdjt.com
    Website: http://www.nngdjt.com
    Telephone: +86 771 2332897

  • GreenTech Launches ‘WateRobot AI Agent’ Pioneering a New Path for Industrial Water Savings and Efficiency with AI

    HONG KONG, Sep 23, 2025 – (ACN Newswire) – On September 16th, the “Industrial Intelligent Water Saving and Efficiency Promotion Event & GreenTech WateRobot AI Agent 1.0 Ecosystem Launch”, hosted by the China Industrial Energy Conservation and Cleaner Production Association, GreenTech Environment Co., Ltd., and Beijing Zhenghe Island Information Technology Co., Ltd., was successfully convened in Beijing.

    Centered on the theme “AI for Water Freedom”, the event brought together nearly 400 industry experts, research institutions, universities, environmental protection enterprises, and financial institutions to witness the launch of the WateRobot AI Agent and explore the new developments in water savings and efficiency brought by AI agents to the industry.

    (Launch event scene)

    Wang Xiaokang, President of the China Industrial Energy Conservation and Cleaner Production Association, attended and addressed the event, noting that AI empowerment will unlock new possibilities for environmental governance and industrial water conservation, and that the WateRobot AI Agent is an innovative achievement of deep integration between intelligence and water technology. Liu Donghua, Founder and Chief Architect of Zhenghe Island, delivered a speech proposing that the resource utilization of wastewater can find optimal solutions through AI, and that the widespread application and continuous upgrading of the WateRobot AI Agent can inject significant strength into achieving “Water Freedom” for industry, cities, and even the nation.

    The event invited AI expert Wei Kai, Director of the Artificial Intelligence Research Institute at the China Academy of Information and Communications Technology, to deliver a keynote speech on “Artificial Intelligence+ Policies and Industrial Practices”. He pointed out that advancements in large language models have brought new paradigms to the development of AI technology, and the birth of the WateRobot AI Agent represents an important attempt of AI in the field of industrial water treatment.

    Subsequently, GreenTech officially launched the WateRobot AI Agent. Chairman Zhang Huichun proposed that using AI to replace human management of water plants can achieve industrial assembly line production, modular assembly, unmanned operation, and intelligent operation of water plants, replacing the traditional operational models of conventional engineered water plants. This leads to a 90% reduction in footprint, construction period, and operational staff, as well as a 50% reduction in Life Cycle Cost (LCC), ultimately enabling humanity to obtain Sustainable, Abundant, Reliable, and Affordable High-quality water (SARAH), achieving Water Freedom.

    (WateRobot AI Agent product interface)

    Wang Xiaoyu, General Manager of the Digital Technology Business Unit of GreenTech, further elaborated that the WateRobot AI Agent is an AI agent system capable of autonomous operation and completing target tasks. It not only incorporates GreenTech’s self-developed process optimization forecasting and decision-making models but also integrates computer vision, auditory, infrared, and other perceptual AI models, as well as domestic large language inference models. Under the Online to Offline closed-loop logic, it directly delivers value to customers——safe, efficient, and optimally cost-operated unmanned water plants. The WateRobot AI Agent has already been applied in newater house water plant scenarios and is expected to expand to other water treatment plants, as well as industrial, agricultural, and municipal facilities, committed to enabling unmanned operation and innovative operational models across various fields.

    The event featured the unveiling ceremony of the “Artificial Intelligence Innovation Research Center” jointly established by GreenTech and Wuhan University. Zhang Liping, Deputy Director of the Industry-Academia-Research Cooperation Office of the Science and Technology Development Research Institute of Wuhan University, attended the unveiling and delivered a speech. Both parties will conduct in-depth technical research and industry applications focused on unmanned and intelligent operations. A roundtable dialogue on “AI + Industry” with the theme “AI’s New Mission: Driving Industrial Restructuring and a Sustainable Future” was also held, where AI experts and various entrepreneurs discussed the application scenarios, value advantages, and future prospects of AI in the industrial field.

    GreenTech entered into strategic partnerships with the Finance Center for South-South Cooperation, Shanxi Xinzhou Economic Development Zone, CPIC Investment Management (H.K.), Wuhan Easy-Sight Technology Co.,Ltd., Green Technology (Shanghai) Agricultural Technology Co., Ltd., China Construction Eco-Development Co., Ltd., Beijing Boqi Electric Power Technology Co., Ltd., Beijing Zhenghe Island Information Technology Co., Ltd., and China Chemical Enterprise Management Association, among others, to jointly promote the application and promotion of the WateRobot AI Agent in the industry and various sectors domestically and internationally.

    The launch not only marked the debut of the WaterRobot AI Agent, a “new species” driving intelligent and green transformation in the industry but also envisioned the future of an intelligent water ecosystem——AI for Water Freedom. Through the innovative practices of GreenTech, the mission of “AI assisting industrial water savings and efficiency” has taken a solid step forward.

  • Hong Kong Watch & Clock Fair, Salon de TIME end on a high note

    Hong Kong Watch & Clock Fair, Salon de TIME end on a high note

    – The exhibitions attracted some 16,000 buyers, with participants expressing strong optimism on the outlook for markets like the Middle East and East Asia

    – Two fairs attracted some 16,000 buyers on-site
    – Survey results indicate respondents consider the growth prospects for the watch industry in the following target sales markets to be promising or very promising in the next two years: the Middle East, Taiwan, Korea, Latin America, Australia, and ASEAN countries; smart watches are considered to have the most significant growth potential.

    HONG KONG, Sep 7, 2025 – (ACN Newswire) – The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME, jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Limited, and The Federation of Hong Kong Watch Trades & Industries Limited, successfully ended yesterday in physical fair format. Meanwhile, the Click2Match AI-driven business matching platform will remain open until 13 September, allowing global exhibitors and buyers to continue business discussions.

    Over the past five days, the physical fairs attracted some 16,000 trade buyers from 95 countries and regions on-site. Buyers from outside Hong Kong mainly came from Mainland ChinaTaiwanIndiaJapanthe US, and ASEAN countries, including Indonesia, the PhilippinesSingapore and Thailand. This highlights Hong Kong’s pivotal position as a key global transshipment hub and sales centre for watches and clocks.

    Salon de TIME was open to the public for free for the second consecutive year. Together with CENTRESTAGE, which was held at the same time, the events attracted more than 19,000 public visits to purchase their favourite items. Around 400 watch and fashion brands were showcased on-site.

    HKTDC Deputy Executive Director Sophia Chong said: “The Hong Kong Watch & Clock Fair and Salon de TIME are annual highlights for the industry. This year, the events brought together over 650 exhibitors from 15 countries and regions. This year’s exhibition featured pavilions from GuangzhouTaiwan, the Swiss Independent Watchmakers Pavilion (SIWP), and the French pavilion by Francéclat. It also welcomed the return of exhibitors from Germany, Japan, Lebanon and the Netherlands. The number of brands at Salon de TIME reached a new post-pandemic high. Many exhibitors used the platform to launch innovative products showcasing exquisite craftsmanship, serving as a springboard for entering international and mainland markets. This underscores Hong Kong’s vitality as a global hub for commerce and creativity.”

    She mentioned that a series of trade exhibitions will be held in the fall, including the HKTDC Hong Kong Electronics Fair (Autumn Edition) and electronicAsia, which will take place simultaneously from 13 to 16 October at the Hong Kong Convention and Exhibition Centre. Following these, the HKTDC Hong Kong International Lighting Fair (Autumn Edition) will be held from 27 to 30 October, and the Hong Kong International Outdoor and Tech Light Expo will run from 28 to 31 October, at the Hong Kong Convention and Exhibition Centre and AsiaWorld-Expo, respectively. All four exhibitions will adopt the EXHIBITION+ hybrid model, allowing global buyers and exhibitors to continue discussions online after the physical fairs.

    Survey indicates that markets such as the Middle East and East Asia are viewed optimistically

    During the exhibition, the HKTDC conducted a survey, interviewing some 920 exhibitors and buyers on-site. The aim was to understand global trends in the watch industry, as well as exhibitors’ and buyers’ perspectives on the industry’s outlook and product trends.

    The survey results show that 59% of respondents expect overall sales to grow in the next 12 to 24 months, while 36% anticipate that sales will remain stable. Respondents considered the growth prospects for the watch industry in the following target sales markets to be promising or very promising in the next two years: the Middle East (82%), Taiwan (79%), Korea (78%), Latin America (76%), Australia (76%), and ASEAN countries (73%).

    Regarding product trends, 47% of respondents consider smart watches to have the most significant growth potential, followed by fashion watches (30%), and casual watches (26%).

    The twin watch fairs unveiled industry trends; EXHIBITION+ plays a role

    Saat ve Saat, which has over 160 points of sale in Türkiye, attended the two watch fairs again this year. The company’s production manager Yusuf Eyilmez stated: “Through the business matching meetings on the smart platform click2match, and the physical meetings at the fair, we have procured automatic mechanical watches from the Hong Kong exhibitor Dailywin Watch Products Mfg Ltd. The annual order value is expected to reach US$1 million.”

    Su & Co Trading Company from Myanmar sells fashion watches through both online and physical stores. The company founder Su Hnin Aye stated: “This year, we have purchased US$600,000 worth of branded watches at the fair and have identified two new watch brands to introduce to the Myanmar market. We will also sign a sole distributor agreement with a brand at the Swiss Independent Watchmakers Pavilion (SIWP)Mathey Tissot.”

    At the fair, Hong Kong exhibitor Dayton Industrial launched the new Watch2Care TCM smart watch. The company’s director Paul Yuen said: “We have invented this smart watch featuring digital pulsation analysis with TCM (Traditional Chinese Medicine) reports for preventive healthcare. During the exhibition, we introduced the features of our revolutionary smart watch to hundreds of both local and international buyers. We have found potential distributors from Germany, Mainland China, Singapore and the US. We are also excited to have received collaboration invitations from a Swiss watch movement company and a buyer from Myanmar. We aim to achieve an on-site sales turnover of HK$1.5 million.”

    Last year, the German brand Lilienthal Berlin introduced the world’s first wristwatch with a case made from recycled coffee grounds at Salon de TIME. This year, they have innovated once again by bringing a new eco-friendly watch with a dial made from recycled tea leaves. The company’s management director Ruby Young stated: “The new watch has garnered media attention, attracting buyers from around the globe to our booth. We have successfully identified potential distributors from Bangladesh and Israel and are in discussions with buyers from Italy, Japan, Kazakhstan, Mainland China, the UAE, and the US.”

    Salon de TIME also featured several exhibitors showcasing “Guochao” series watches. This year, Sun International Concepts presented six renowned watch brands from Mainland China, including masterpieces by four independent watchmakers: Ma XushuTan ZehuaQian Guobiao, and Gong Xun. Company executive director David Sun mentioned that feedback from both the industry and the public is more enthusiastic compared to last year, and they have successfully found exclusive distributors at the fair to expand into the ASEAN market. Several watches were available for on-site retail purchase and the projected on-site sales are expected to reach six figures, representing a 10% increase over last year.

    The new zone Microbrands presents unique niche brands offering watches that are both affordable and stylish. First-time exhibitor and YouTube channel Watchcatavlog brought four microbrands. The channel’s founder Ciff Luk stated that they are in discussions with buyers from Canada, Taiwan, and the UAE regarding distributor collaborations. The brands also attracted numerous watch enthusiasts.

    For the second consecutive year, Salon de TIME was completely open to the public for free. Watch enthusiasts Jovi Ha, CK Hung and Ricky Tsang attended the event together and remarked: “This exhibition has truly broadened our horizons, allowing us to admire the exquisite craftsmanship of numerous high-quality brands all at once, and to have direct interaction with independent watchmakers. The diversity in watch styles available at the fair, along with their great value for money, led us to spend nearly HK$100,000 in total, purchasing multiple branded watches and leaving the event thoroughly satisfied.”

    Photo download: http://bit.ly/4gh0lu6

    The 44th HKTDC Hong Kong Watch & Clock Fair and the 13th Salon de TIME successfully concluded in physical fair format yesterday, attracting some 16,000 buyers from 95 countries and regions on-site
    As a highlight of Salon de TIMEWorld Brand Piazza presented nine world-class watch brands
    Salon de TIME was open to the public for free for the second consecutive year, allowing attendees to visit, shop, and participate in on-site events
      
    This year’s fair featured pavilions from GuangzhouTaiwanFrancéclat from France, and the Swiss Independent Watchmakers Pavilion (above)
    The Hong Kong International Watch Forum (above) and Asian Watch Conference hosted various experts to share the latest trade data and industry trends from around the world, to discuss strategies for the global watch industry’s supply chain, and to delve into the artistic concepts behind independent watchmaking and micro brands.
    Salon de TIME welcomed brands from Mainland China and several independent watchmakers to present their “Guochao” series watches, including Shanghai WatchSea-GullFIYTA and Zbioland.
    The 42nd Hong Kong Watch Design Competition featured an open group and a student group; celebrity Bowie Cheung served as a guest judge and attended the awards ceremony.
    The fair featured a variety of exciting activities, including a watch parade (as shown in the image), Smart Biddingwatch engraving demonstrations, and watch appreciation paired with tea art experiences; additionally, a lucky draw offered generous prizes.
    HKTDC and Hong Kong Tourism Board (Destination Partner) offered travel and hospitality support to overseas buyers and journalists, including an Aqua Luna boat ride (as shown in the image), Muslim-friendly visit programme to the Hong Kong Palace Museum and Kowloon Masjid, Plaza Premium Lounge passes, and cultural booths at the Networking Reception.


    Media enquiries
    Please contact the HKTDC’s Communications & Public Affairs Department:

    Johnny Tsui Tel: (852) 2584 4395 Email: johnny.cy.tsui@hktdc.org

    Websites
    Hong Kong Watch & Clock Fair: hkwatchfair.hktdc.com
    Salon de TIME: hkwatchfair.hktdc.com/te

    About HKTDC

    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitionsconferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

  • 10th anniversary CENTRESTAGE concludes successfully

    10th anniversary CENTRESTAGE concludes successfully

    – Event runs on unprecedented scale with record number of exhibitor countries and regions, attracting over 10,000 global buyers

    – Fair attracts participation of more than 260 brands from 25 countries and regions, achieving its largest-ever scale and level of internationalisation
    – Over the four-day period, CENTRESTAGE welcomed over 10,000 trade buyers from 91 countries and regions, with the number of buyers from the UK, Mainland China, India and Indonesia showing significant growth
    – Internationally acclaimed couturier Guo Pei and world-renowned fashion legend Professor Jimmy Choo OBE hosted talks at the fair; Guo Pei also staged her solo couture show themed “Gilternity: An Everlasting Radiance”, at CENTRESTAGE ELITES
    – Survey findings reveal that over 55% of respondents expect sales to increase in the coming 12 to 24 months
    – 38% of respondents believe that rising demand from emerging markets is the major opportunity for business, while 36% believe that fashion accessories hold the greatest growth potential for the industry

    HONG KONG, Sep 6, 2025 – (ACN Newswire) – CENTRESTAGE, organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region, drew to a successful close today. Celebrating its 10th edition, this year’s event ran on an unprecedented scale. Over 260 brands from 25 countries and regions participated in the fourday event, attracting over 10,000 buyers from 91 countries and regions. Buyer participation from the UK, Mainland China, India and Indonesia recorded a significant increase, further strengthening Hong Kong’s role as Asia’s fashion hub and a centre for East‑West cultural exchange.

    CENTRESTAGE and Salon de TIME, the HKTDC’s concurrent fashion event, were fully open to the public free of charge. The public count for the events exceeded 19,000 visits, successfully assisting exhibitors in expanding their customer base and helping to promote the development of the creative sector.

    Sophia Chong, Deputy Executive Director of the HKTDC, said: “Over the past decade, CENTRESTAGE has become an essential trade and exchange platform for local, Asian and international fashion brands. This year’s fair set records in terms of scale and internationalisation, bringing together a wide range of globally renowned design brands which participated for the first time, including Saul Nash from the UK, HENRIK VIBSKOV from Denmark and THE NERDYS from Japan. Internationally acclaimed couturier Guo Pei and world-renowned fashion legend Professor Jimmy Choo OBE also appeared at CENTRESTAGE to host inspiring sharing sessions. The event successfully attracted prominent local and overseas buyers, including leading retailers and procurement groups such as Machine-A from the UK, Sugar Srl from Italy, Daimaru Matsuzakaya Department Stores from Japan, Zalora from Indonesia and ESSX. from the United States, as well as helping local brands expand internationally and highlighting Hong Kong’s unique appeal as Asia’s fashion hub.”

    Over 55% respondents expect sales growth; emerging markets seen as key

    The HKTDC conducted a survey during the fair, interviewing more than 400 exhibitors and buyers to gauge their views on product trends and the outlook for the fashion industry. The survey revealed that 56% of respondents expect sales to increase over the next 12 to 24 months, while 40% anticipate that sales will remain unchanged, reflecting an optimistic stance towards the industry’s sales landscape.

    Respondents also identified key challenges such as fluctuations in the global economy (44%) and keen competition within the industry (40%). In terms of opportunities. 38% said their greatest opportunities lay in rising demand from emerging markets.

    Global designers explore market frontiers; cross-cultural craftsmanship shines

    For the first time, the United Kingdom joined CENTRESTAGE as Partner Country, presenting 16 highly creative fashion brands and emerging designers. The UK pavilion highlighted diverse styles and sustainable concepts, partnering with the JCA-London Fashion Academy founded by Professor Jimmy Choo OBE to showcase works by a new generation of designers. On the first day of the fair, a UK fashion show celebrated the craftsmanship and forward‑looking vision of British fashion.

    This year’s CENTRESTAGE featured six themed zones showcasing the latest fashion trends and creative forces. The newly launched Accessories zone highlighted functional yet stylish accessory ranges in response to market demand. The survey revealed that, same as last year, fashion accessories were seen by respondents as having the greatest growth potential among fashion product categories in major sales markets (36%).

    Cross-cultural craftsmanship has also emerged as a rising design trend. This year’s fair not only presented selected pieces from internationally acclaimed couturier Guo Pei’s entirely hand‑crafted collection “Gilternity: An Everlasting Radiance”, but also brought together brands from diverse cultural backgrounds, showcasing fashion works that blend traditional techniques such as embroidery, weaving and tie-dyeing. They included Hong Kong brand Yue Hwa Chinese Products Emporium Limited which showcased designs utilising Gambier Canton Silk, a national intangible cultural heritage fabric.

    Other highlights included Hong Kong brand Isabelle.C, which incorporates the Chinese intangible heritage technique of Kesi (silk tapestry weaving) into its designs; Thai brand Lava Laweng, which showcases Thai ethnic culture and weaving craftsmanship; and Macao brand Yu Kwa, founded by Lin Yingwen, the fifth-generation inheritor of the intangible cultural heritage production of gold-embroidered skirt jackets. These works not only showcase exquisite craftsmanship and rich cultural depth, but also breathe new life into traditional techniques within the modern fashion landscape.

    As a first-time exhibitor at CENTRESTAGE, Vald Showroom from Denmark brought a curated selection of brands, including Danish label HENRIK VIBSKOV which is known for its runway appearances in Copenhagen and Paris. The showroom is planning to expand into new markets across Asia. “We are very excited to learn about local customers’ preferences and see how buyers respond to our collections in terms of quality, price, fit and style,” said Jacob Jensen, the company’s CEO.

    Hong Kong brand Imellda Ho Millinery specialises in handmade custom hats and headpieces. Designer Imellda Ho said this year marks her first participation at CENTRESTAGE under her own brand name, and that the fair reflected the HKTDC’s international vision. “The team even anticipated needs I hadn’t considered. This ‘thinking beyond the designer’ support is exactly what independent brands need most,” she said. Ms Ho added that although the custom headwear market is relatively small, the fair offers opportunities for brands to expand into overseas markets. She commended the HKTDC for equipping designers with hands-on styling workshops and expert-led brand development support, representing “irreplaceable value for independent designers”.

    Buyers from around the world were drawn to the fair, praising its global brand appeal and diverse product offerings. Many expressed strong interest in the distinctive creativity of Hong Kong designers. Marianna Kuvvet, Brand Director of Tomorrow Ltd, a brand accelerator, said: “This was my first time attending CENTRESTAGE. What stood out to me most was the calibre of local talent.” Stavros Karelis, Founder and Buying Director at Machine-A, a UK-based concept store, said that CENTRESTAGE is proven to be an exciting platform for new talent, while providing international buyers with a valuable gateway to explore the pulse of Asia’s vibrant and diverse market. “I was particularly impressed by local Hong Kong designers and brands, such as WEN PAN and Kinyan Lam from Genau Studio. The fair beautifully captured the fusion of local and global design talents,” he said. Despite it being his inaugural visit to CENTRESTAGE, Mr Karelis allocated a specific budget to acquire standout designs discovered at the fair, underscoring its importance as an influential global fashion platform.

    Spectacular fashion shows with international designers dazzle audiences

    Some 50 fashion shows and events were staged during the fair. The opening gala show, CENTRESTAGE ELITES, was in the spotlight on 1 September at M+ in the West Kowloon Cultural District, with celebrated couturier Guo Pei unveiled her collection themed “Gilternity: An Everlasting Radiance”, featuring more than 30 handcrafted masterpieces that transformed fleeting moments into timeless brilliance. On 4 September, Guo Pei also hosted a masterclass to share her design journey and philosophy with an enthusiastic full house.

    Marking the 10th anniversary of the Fashion Hong Kong overseas promotion campaign series, Fashion Hong Kong presented a show under the theme “A Decade in Design: What Is Seen’ What Is Felt’”. Four Hong Kong brands – ANGUS TSUI, ARTY:ACTIVE, IP AXIS INDUSTRIAL STUDIO and selfFab. – unveiled creative collections reflecting the journeys of Hong Kong designers, blending vision with emotion. The show received enthusiastic acclaim from a multitude of industry professionals, celebrities and fashion enthusiast in a packed venue. The public can revisit the show’s highlights on the CENTRESTAGE and Fashion Hong Kong websites, the Fashion Hong Kong Instagram, and HKTDC Facebook and YouTube channels.

    The FASHIONALLY platform also showcased four emerging brands – phenotypsetter, MARCCH, Oplus2 and OUS – in its FASHIONALLY Collection #25, highlighting the creativity and energy of Hong Kong’s new generation of designers. FASHIONALLY Presentation featured LAPEEWEE, MOODLABBYLORRAINE and KOWLOON CITY BOY, who used immersive stage installations to bring their latest works vividly to life.

    Several other Hong Kong brands launched new collections at CENTRESTAGE. DORISKATH collaborated with bridal label Vincci to mark its 10th anniversary, 112 mountainyam presented its Spring/Summer 2026 collection, while other participants included NATACHA VAN and more. LOCAL POWER 2025, a cross-cultural project curated by the Asian New Generation Creativity Design Association, was officially launched during CENTRESTAGE. Dorian Ho, Chairman of the Association said: “CENTRESTAGE is a key fashion platform in Asia, and launching the project here helps attract greater attention. We also invited five Korean designers to participate, and the project successfully attracted more than 30 buyers from various markets including Europe, Southeast Asia, Japan and Mainland China, to connect with us for just first two days, opening up opportunities for international collaboration.”

    The finals of the Redress Design Award 2025 – a competition dedicated to advancing circular fashion and now in its 15th year – were successfully staged at CENTRESTAGE. Multiple awards were presented during the event, with the championship title jointly awarded to designers Carla Zhang and Hugo Dumas. Nathan Moy was awarded the “Hong Kong Best”, while other contestants also showcased their unique sustainable fashion designs.

    Photo download: http://bit.ly/482vCyw

    The 10th edition of CENTRESTAGE attracted over 10,000 trade buyers from 91 countries and regions
    The annual fashion extravaganza gathered over 260 brands from 25 countries and regions – the largest number of participating brands in the fair’s history. The participation in the Thai pavilion reached a record high this year, bringing together over 40 brands.
    Internationally acclaimed couturier Guo Pei joined CENTRESTAGE for a masterclass, sharing her design philosophy and creative journey. The event drew a full house of industry professionals, fashion lovers and design students eager to learn and exchange ideas.
    Several fashion design competitions were held during the fair, including the Young Knitwear Designer Contest organised by the Knitwear Innovation and Design Society. Designer Jason Ying claimed the championship title.
    Several local fashion labels staged shows during CENTRESTAGE, including the latest collection by DORISKATH.
    Cross-cultural craftsmanship emerged as a growing trend. The fair brought together design brands from diverse cultural backgrounds, showcasing fashion pieces that incorporate traditional techniques such as embroidery.
    For the first time, the United Kingdom joined CENTRESTAGE as Partner Country, presenting 16 highly creative fashion brands and emerging designers.
    The Asia New Generation Cultural Creative Design Association officially launched LOCAL POWER 2025 Hong Kong Fashion in Seoul at CENTRESTAGE.


    Websites

    – CENTRESTAGE: www.centrestage.com.hk
    – Fashion Hong Kong:  https://www.fashionhongkong.com/en
    – Hong Kong Young Fashion Designers’ Contest (YDC): www.fashionally.com/en

    Revisit CENTRESTAGE ELITES:

    – CENTRESTAGE website: https://www.hktdc.com/event/centrestage/en/livestream
    – CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc
    – HKTDC Exhibition Channel Facebook Page: https://www.facebook.com/share/v/1AAMjms6eB/’mibextid=wwXIfr
    – HKTDC YouTube Channel: https://www.youtube.com/live/dsECvOgiYNE’si=0OLm1S_9hXhjLiYI

    Media enquiries

    Best Crew Public Relations & Marketing

    Diana Tang Tel: (852) 3594 6443 Email: diana.tang@bestcrewpr.com
    Reni Kwok Tel: (852) 3594 6443 Email: reni.kwok@bestcrewpr.com

    HKTDC Communication and Public Affairs Department:

    Sharon Ha Tel: (852) 2584 4575 Email: sharon.mt.ha@hktdc.org
    Katy Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.org

    HKTDC Newsroom: http://mediaroom.hktdc.com/en

    About the HKTDC

    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitionsconferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

    About Cultural and Creative Industries Development Agency (CCIDA)

    The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.

    CCIDA’s website: http://mediaroom.hktdc.com/en

    Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

  • FWD Group posts record 1H in first results as a public company

    FWD Group posts record 1H in first results as a public company

    – A US$466 million IPO in July further improved the company’s financial flexibility, followed by a ratings upgrade by Moody’s.

    HONG KONG, Aug 29, 2025 – (ACN Newswire) – FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced its interim results for the six months ended 30 June 2025.

    * New business sales were up 38 per cent to US$1.246 billion compared to 2024 on an annualised premium equivalent (APE) basis. New business contractual service margin (CSM) of US$794 million, with year-on-year growth of 34 per cent.

    * Operating profit after tax was up 9 per cent to US$251 million with continued positive contributions from each of the company’s four geographic reporting segments: Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Emerging Markets.

    * Net profit of US$47 million is a record interim result under IFRS 17.

    * Further improved financial flexibility with an upgrade to FWD Group’s ratings – with its notional insurer financial strength rating now A2 – as announced by Moody’s in July 2025. Maintained a strong capital position with a 283 per cent solvency ratio* and net underlying free surplus generation that more than doubled to US$417 million. Dividends of over US$500 million were received from the geographic reporting segments.

    * Comprehensive tangible equity up 8 per cent to US$8.15 billion, and Group embedded value up 8 per cent to US$6.38 billion, reflecting the value created for shareholders during the first half of 2025. The company subsequently completed its IPO – which raised HK$3,611 million (approximately US$466 million) in gross proceeds – and began trading on 7 July 2025 under the stock code 1828 on the Hong Kong Stock Exchange.

    * Completed the build-out of a high-net-worth (HNW) hub in Asia operating out of three jurisdictions – Hong Kong SAR, Singapore and Bermuda – serving the global high-end insurance market with diversified asset allocation, wealth management and legacy planning. A new FWD Private lounge located in a prime commercial district in Hong Kong is now fully operational.

    Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “We’re delighted to report record interim results under IFRS 17 in our first earnings as a publicly listed company. The outstanding growth in new business CSM demonstrates our ability to execute our customer-led strategy successfully across Asia in a sustainable and profitable way.

    “We intend to use the net proceeds of our recent IPO to further enhance our capital position and financial flexibility, which may involve reducing debt, in support of further growth and reach with customers, digital capabilities and channels,” added Huynh Thanh Phong.

    In Hong Kong SAR & Macau SAR, outstanding growth was posted in new business sales and new business CSM, reflecting ongoing broad-based demand from both local and Mainland Chinese visitor customers and the full activation of the FWD Private HNW business. The company continues to focus on its multi-channel distribution strategy alongside product innovation – such as its indexed universal life offering developed following recent regulatory guidance, as well as new cross-border Greater Bay Area medical services for eligible customers.

    The Thailand & Cambodia reporting segment new business indicators were partly impacted by the exit from underwriting new business in the Thailand corporate care segment in 2024. The business remains well positioned in Thailand to meet demand for protection, medical and pension products from an aging population. Its exclusive bancassurance partnership with Siam Commercial Bank maintained its number one market position. Similarly, the company’s agents and advisors retained a number two position in the annual Million Dollar Round Table (MDRT) rankings released in July 2025. The MDRT is a global independent association recognised as a standard of excellence in the life insurance and financial services industries.

    In Japan, the business reported solid new business results from its individual protection focused portfolio. The introduction of its first savings offering in July – a Japanese yen single premium annuity product – marked the company’s entry into the savings and retirement needs market.

    The Emerging Markets segment reported strong new business sales growth, despite industry headwinds and economic uncertainty in several markets. In Indonesia, BRI Life – a joint venture where FWD Group holds a strategic 44 per cent investment and collaborates with Bank BRI – was number one in bancassurance by new business sales. In the Philippines and Vietnam, the company’s agents and advisors ranked number two in the latest annual MDRT rankings.

    Six months ended/as at 31 Dec or 30 Jun
     US$ millions, except for percentages 2025  2024  Growth (year on year CER basis)
     Profitability
     Operating profit after tax 251 223 9%
     Net profit/(loss) 47 3 nm
     CSM balance 5,996 5,174 11%
     Growth
     New business sales (APE) 1,246 876 38%
     New business CSM 794 573 34%
     Value of new business 506 404 21%
     Customer indicators
     Purchase customer emotion – good or great 92% 92% n/a
     Claims customer advocacy – net promoter score 63 64 n/a
     Risk & Capital
     Net underlying free surplus generation 417 193 115%
     Group local capital summation method cover ratio* 283% 260% n/a
     Value
     Group embedded value 6,380 5,569 8%
     Comprehensive tangible equity 8,150 7,162 8%
     Return on tangible equity 17% 15% n/a


    About FWD Group

    FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com

    For media inquiries, please contact: groupcommunications@fwd.com

    Source: FWD Group Holdings Limited

    * The results are for the six months ended 30 June 2025 and are compared to the same period in 2024. CSM balance, Group LCSM cover ratio, group embedded value, comprehensive tangible equity and return on equity 2024 values are December 2024 balances/ratios and growth rates are shown accordingly. Growth rates are represented on a constant exchange rate (CER) basis. Except for operating profit/(loss) after tax (non-IFRS measure), net profit/(loss), CSM, and comprehensive tangible equity, all other numbers are unaudited. Operating profit after tax and net profit after tax represent the amounts attributable to equity holders of the company and are presented net of non-controlling interests. New business sales are calculated on an annualised premium equivalent (APE) basis, based on 100 percent annualised first year premiums and 10 percent single premiums. Return on tangible equity is calculated as operating profit after tax, divided by the average of the balances of tangible equity as of the beginning and end of such period. Tangible equity is calculated as adjusted total equity attributable to shareholders of the company, minus the intangible assets net of non-controlling interests.

    *Prescribed capital requirement (PCR) basis

  • Global Sports Brand U.S. Polo Assn. to Become Title Sponsor of the Palm Beaches Marathon

    Global Sports Brand U.S. Polo Assn. to Become Title Sponsor of the Palm Beaches Marathon

    Marathon Returns December 13-14, 2025, Early Registration Now Open

    West Palm Beach, FL, Aug 28, 2025 – (ACN Newswire) – U.S. Polo Assn., the official sports brand of the United States Polo Association (USPA), has agreed to a multi-year partnership as the new title sponsor of The Palm Beaches Marathon. The U.S. Polo Assn. Palm Beaches Marathon, a race owned and managed by Ken Kennerly’s K2 Sports Ventures, will be held in Downtown West Palm Beach, Florida, on December 13-14, 2025.

    USPA Marathon

    This renowned marathon event is recogn

  • Denmark Buys Four MQ-9B SkyGuardians From GA-ASI

    Denmark Buys Four MQ-9B SkyGuardians From GA-ASI

    NSPA Supports Denmark and European Countries in MQ-9B Acquisition and Sustainment

    SAN DIEGO, July 23, 2025 – (ACN Newswire) – Denmark and the NATO Support and Procurement Agency (NSPA) have announced the procurement of four MQ-9B SkyGuardian® Remotely Piloted Aircraft (RPA) from General Atomics Aeronautical Systems, Inc. The purchase includes three Certified Ground Control Stations.

    Stacy A. Cummings, NSPA General Manager (third from left), with GA-ASI representatives (from left to right) Chris Dusseault, David Alexander, Linden Blue, Christophe Fontaine, Aria Mahdion and Bart Roper at the Royal International Air Tattoo (RIAT).

    Denmark joins a growing list of European countries that have selected MQ-9B for its multi-domain capabilities with exceptionally long range and endurance. The platform provides pole-to-pole satellite control and de-icing capabilities to enable missions in the harsh conditions of the Arctic in support of Denmark and its NATO Allies. Additionally, MQ-9B’s in-house-developed Detect and Avoid System aids MQ-9B’s ability to fly in unsegregated airspace for domestic civilian operations, making it highly versatile for operations from Denmark.

    MQ-9B recently became the first large remotely piloted aircraft to obtain a Military Type Certificate (MTC) from the UK’s Military Aviation Authority, certifying its safe operation without geographic restrictions, including over populous areas.

    “It’s been a very productive year for our MQ-9B platforms,” said GA-ASI President David R. Alexander. “First, we earned MTC and now we’ve added Denmark to the U.K., Belgium, and Poland as MQ-9B customers in Europe. I believe the extensive waters of the North Sea, Norwegian Sea, and Baltic Sea of the Nordic countries make the MQ-9B a very effective tool for national maritime surveillance and security.”

    MQ-9B SkyGuardian is the first and only unmanned system to offer multi-domain Intelligence, Surveillance, Reconnaissance, and Targeting (ISR&T) as an internal payload that can search the ocean’s surface and its depths in support of Fleet Operations. MQ-9B can also be fitted with a number of payloads including a maritime surveillance package with a 360-degree maritime radar and/or sonobuoy dispensing pods.

    This sale was aided and supported by NSPA, which has developed a contractual framework for supporting cooperation amongst its member nations and promoting the proliferation of MQ-9B in Europe. NSPA has added MQ-9B to its portfolio of defense systems to contract on behalf of European nations, with the goal of enhancing interoperability while facilitating training and joint operations.

    “This procurement demonstrates how NSPA enables efficient, effective and responsive multinational acquisitions for advanced, interoperable capabilities. We are proud to support Denmark in this strategic investment for national maritime surveillance and security,” said Ms. Stacy A. Cummings, NSPA General Manager.

    About GA-ASI

    General Atomics Aeronautical Systems, Inc. is the world’s foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle®, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.

    For more information, visit www.ga-asi.com.

    Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.

    Contact Information
    GA-ASI Media Relations
    asi-mediarelations@ga-asi.com
    (858) 524-8101.

    SOURCE: General Atomics Aeronautical Systems, Inc.

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    Denmark Buys Four MQ-9B SkyGuardians From GA-ASI