Author: Asia PEVC

NEXX Signs Joint Memorandums of Understanding (MoU) with Milaha and KEC

– to Advance AI-Driven Logistics Solutions in Qatar and Capture E-commerce Growth

Caption: NEXX signs joint Memorandums of Understanding (MoU) with Milaha and KEC.
(From left to right) Mr. Oscar Hui (CEO of NEXX), Mr. Fahad bin Saad Al-Qahtani (GCEO of Milaha) and Mr. Kevin Lam (Director of KEC)

NEXX, a leading AI logistics company based in Hong Kong, is excited to announce the signing of joint Memorandums of Understanding (MoUs) with Qatar Navigation Q.P.S.C. (Milaha) and KEC (Hong Kong) (KEC), to advance innovative logistics solutions and capture the growing e-commerce market in Qatar.

Mr. Fahad bin Saad Al-Qahtani, GCEO of Milaha, stated: “Our partnerships with NEXX and KEC mark a significant step in Milaha’s transformation journey. By combining NEXX’s advanced AI and automation technologies with KEC’s extensive cross-border e-commerce expertise, we are unlocking powerful synergies that will enhance our logistics capabilities, expand our global reach, and strengthen Qatar’s position as a regional and international logistics hub. These MoUs reflect our commitment to innovation, operational excellence, and supporting the national vision for economic diversification.”

The MoU with Milaha focuses on the deployment of cutting-edge AI-driven automation technologies at Milaha Logistics City (MLC). This partnership aims to facilitate Milaha’s transition to semi- and fully automated warehousing operations in critical areas such as picking, sorting, forecasting, and order fulfillment. By leveraging NEXX’s mature AI solutions, we will enhance operational efficiency, predictive inventory planning, and order accuracy, establishing a smart and scalable logistics model.

Frankie Choy, Managing Director of KEC, stated: “As the e-commerce market in the MENA region continues to expand rapidly, the demand for efficient cross-border logistics and last-mile delivery services is surging. Together with Milaha and NEXX, we are well-positioned to meet this growing demand and deliver exceptional services to our customers.”

Through the MoU with KEC, we aim to develop logistics corridors that connect China, Europe and the MENA region, solidifying Qatar’s role as a key hub for fulfillment and cross-border distribution. Our collaboration will capitalize on KEC’s extensive e-commerce expertise and diverse customer base to harness opportunities in the global e-commerce market.

As part of this partnership, NEXX and Milaha will work on establishing a dual supply chain hub linking Doha and Hong Kong, enhancing Qatar’s integration into global e-commerce networks. Key innovations will include AI-powered warehouse automation, productivity and safety management systems, and infrastructure enhancements to support bonded, pharmaceutical, and cold storage operations.

Oscar Hui, CEO of NEXX, added: “The establishment of a smart fulfillment center in Milaha Logistics City will transform the region’s logistics sector. Our collaboration combines state-of-the-art AI with top-tier logistics services, creating a comprehensive solution that prioritizes customer-centric delivery.”

By addressing current gaps in automation and optimizing space utilization, particularly in bonded and cold storage areas, NEXX is committed to enhancing its logistics portfolio across high-growth verticals. This initiative aligns with Qatar National Vision 2030 for economic diversification and supports the Belt and Road Initiative.

Caption: Mr. Fahad bin Saad Al-Qahtani (right) presented a souvenir to Mr. Oscar Hui (left), symbolizing that everyone sets sail towards success.

Caption: NEXX, Milaha and KEC teams attended and witnessed the signing ceremony.

Caption: KLN Chief Operating Officer – EMEA Region, Mr. Darren Baker (first of right) and KEC Director, Mr. Kevin Lam (third from left) led a delegation to join the signing ceremony in Qatar.

Images Download: https://bit.ly/3HffFtM

About NEXX
NEXX is a Hong Kong-based AI logistics company, supported by a commercial and R&D hub in Doha, delivering cutting edge logistics solutions across the Greater Bay Area (GBA), Middle East & North Africa (MENA), and Europe. NEXX specializes in industry-focused Agentic AI, a technology designed to automate real-world warehouse tasks with limited human oversight. With Cheung Kong Asset (1113.HK) as a strategic shareholder, the company is driving innovation to enhance supply chain and warehouse efficiency for the ever-changing industry.

About Milaha
The company was established in July 1957 as the first public shareholding company registered in Qatar and holds commercial registration no. 1. Milaha’s current activities include marine transportation in gas, petroleum products, containers, and bulk; offshore support services; warehousing, port management and operations; logistics services; shipyard; trading agencies; real estate investments; and asset management.

About KEC / KLN Logistics Group Limited (Stock Code 0636.HK)
KEC is a subsidiary of KLN Logistics Group Limited (”KLN”), an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment.

With a global presence across 59 countries and territories, KLN has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

KLN generated revenue* of close to HK$60 billion in 2024. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.
* For continuing operations only

For Press Enquiries
Strategic Financial Relations Limited
Veron Ng Tel:(852) 2864 4831
Shelly Cheng Tel:(852) 2864 4857
Carol Cheung Tel:(852) 2114 2200
Email: sprg_reitar@sprg.com.hk

NEXX
Ms. Crystal Yip
Tel: 9587 3234 / 3461 3661
Email:crystalyip@nexx-global.com
Ms. Chelsie Tam
Tel: 6094 3336 / 3461 3750
Email:chelsietam@nexx-global.com

New HKTDC Chairman Professor Frederick Ma Si-Hang meets with management team

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Professor Frederick Ma, the newly appointed Chairman of the Hong Kong Trade Development Council (HKTDC), assumed office on 1 June and met with the management team this morning. 

Professor Ma said, “It is both an honour and a tremendous responsibility to take up the chairmanship at this juncture of Hong Kong’s economic transformation. While I am delighted to contribute to deepening Hong Kong’s integration into the national development agenda, the unprecedented challenges of our era compel me to remain vigilant in leveraging Hong Kong’s unique roles as a ‘super-connector’ and ‘super-value-adder’.” 

“I am confident that through the collective efforts of the HKTDC team, we will strengthen Hong Kong’s core advantages as a global trading and international financial hubs while serving as a bridge linking the Mainland and global markets.  Simultaneously, we will proactively explore emerging markets, drive enterprise innovation, sustainable development and digital transformation. This will ensure Hong Kong’s enduring vitality on the global trading stage.”   

Biography of HKTDC Chairman Professor Fredrick Ma: https://bit.ly/4mIEHBI  

Photo download: https://bit.ly/3SRqDZ3

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Media enquiries

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

Agnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.org
Sam HoTel: (852) 2584 4569Email: sam.sy.ho@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 Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences 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.

New Habitat for Humanity report shows housing improvements in informal settlements promotes health outcomes of women

Ahead of the 2025 Group of Seven (G7) Summit, a groundbreaking new report from Habitat for Humanity International reveals that improving housing conditions in informal settlements has the power to enhance women’s health outcomes.

The report, “Informal Settlement Improvements and Women’s Health”, provides evidence that millions of illnesses and instances of violence, and thousands of avoidable deaths, could be prevented within the first year of investing in adequate housing and slum upgrading. With over 1.1 billion people living in informal settlements globally today, and women disproportionately affected by unsafe living conditions, these findings are more relevant than ever.

“We already know that when people living in informal settlements do better, everyone does better,” said Jonathan Reckford, CEO of Habitat for Humanity International. “We now know that investing in informal settlements has a direct correlation to women’s positive health outcomes. Global actors must recognize the strong connections between housing and health—and integrate community-led housing solutions with public health policies.”

Key findings

Using predictive analysis and a comprehensive review of global data on women’s health, the report finds that within just one year of implementing key housing improvements in informal settlements, the world could see:

  • 20.3 million illnesses prevented, including respiratory and reproductive infections, and heat-related sickness. This improvement to women’s health is comparable to cases of paralysis avoided by the polio vaccine over 37 years.
  • 42.9 million incidents of gender-based violence prevented, with at least one in every 17 cases of sexual violence prevented.
  • 80,200 preventable deaths avoided, including one in four maternal deaths and one in six deaths from heat stroke.

Accounting only for 28 countries in the Asia-Pacific region, this translates to 6 million illnesses and 10 million incidents of gender-based violence prevented as well as more than 4,000 maternal or climate-related preventable deaths avoided. Women living in slums in Bangladesh and India—home to some of the most densely populated urban areas in the world—stand to gain most from these positive outcomes. Benefits can be seen even in wealthier countries such as Japan and Korea.

The report underscores that adequate housing improvements—such as better ventilation, sanitation, proximity to healthcare, and access to green spaces—has wide-ranging benefits for women’s health and the sustainable development of their communities.

A call for bold action

Habitat for Humanity calls for urgent, coordinated action from governments, donors, and implementing partners to address the interconnected challenges of housing and women’s health.

  • To national and local governments: Recognize the strong connections between housing and health, especially for women living in informal settlements. This means integrating gender-responsive and community-driven housing and slum upgrading initiatives as part of public health policies.
  • To donors, especially G7 member states: Embrace a holistic approach to global health that includes adequate housing investments and commitment to gender-transformative foreign aid— leading to long-term, integrated solutions for the welfare of all.
  • To implementing organizations: Embed gender-sensitive approaches in every project—from infrastructure to service delivery. Residents of informal settlements and their partners play a crucial role in improving evidence-based policymaking by promoting women’s leadership and addressing data gaps.

Download the full report.

About Habitat for Humanity

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in U.S.A. Since its founding in 1976, the housing organization has grown to become a leading global nonprofit working in more than 70 countries. In the Asia-Pacific region since 1983, Habitat for Humanity has supported millions of people to build or improve a place they can call home. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. To learn more, donate or volunteer, visit habitat.org/asiapacific.

For further information or to set up interviews, please contact:
Ms. Hiew Peng Wong
hpeng@habitat.org
+65 96833722

Shiv Khera’s New Book “Live While You’re Alive” Launched in Singapore

Bestselling author, internationally acclaimed motivational speaker, and thought leader Mr. Shiv Khera officially launched his latest book “Live While You’re Alive,” at a grand event. The book was unveiled graciously by His Excellency Dr. Shilpak Ambule, High Commissioner of India to Singapore, marking a significant cultural and literary occasion in the city-state. Adding to the occasion’s prestige were eminent personalities such as Mr. Inderjit Singh, former Member of Parliament, and Mr. K. V. Rao, Chairman of Tata Consultancy. The event drew more than 300 distinguished guests comprising dignitaries, business leaders and educators, all eager to engage with Mr. Khera’s inspiring life-changing message.


“Live While You’re Alive” book by Shiv Khera (3rd from L) launched by His Excellency Dr. Shilpak Ambule, High Commissioner of India to Singapore (2nd from L) along with dignitaries and family

During the event, Mr. Shiv Khera spoke passionately about the core themes of his new book, which focuses on how stress, when unchecked, can severely impact a person’s health, wealth, and relationships. He emphasized that Stress handling is not just breathing and meditation. It has a lot to do with ATTITUDE. “This book is not just about achieving success,” said Mr. Khera, “but also about avoiding pitfalls. It is a guide to turning stress into strength and living with purpose”

The book was earlier launched in India by Dr. S. Jaishankar, Hon’ble Minister of External Affairs, Government of India.

With over 15 million copies sold worldwide, including the globally acclaimed “You Can Win,” Shiv Khera continues to inspire individuals and organizations with his messages on attitude, leadership, motivation, and values. His latest book, “Live While You’re Alive (Subtitle – Take a break before you breakdown” offers practical solutions to day-to-day problems.

Key insights from the book:

  • Stress is both normal and natural
  • It is unavoidable
  • It cannot be delegated
  • If handled properly, it can enhance performance and help achieve new heights

Dr. Shilpak Ambule, High Commissioner of India to Singapore, on launching the book, remarked, “Shiv Khera’s ‘Live While You’re Alive’ is more than just a book—it’s a roadmap to living with purpose and resilience. With his signature inspirational style and practical advice, Khera empowers readers to turn stress into strength and challenges into opportunities. With his signature inspiration style and practical advice, Khera empowers readers to turn stress into strength and challenges into opportunities.”

The supporting partners present for the launch were — TiE, Indian Women’s Association, IIT Alumni Group, KRISTAL.AI (Digital Private Wealth Management), ICAI, Indian Scholars Association, BIJHAR and Lions Home for the Elders. The book launch event was seamlessly executed by Mett.AI, the official event alliance planner and media coordinator.

The event concluded with a dynamic audience Q&A session and a book signing, where attendees had the opportunity to interact directly with Mr. Khera.

About Mr Shiv Khera

Mr Shiv Khera is an author, educator, business consultant, and a much sought-after speaker.He inspires and encourages individuals to realize their true potential. He has taken his dynamic personal messages to opposite sides of the globe, from the U.S. to Singapore. His 40 years of research and understanding has put millions on the path of growth and fulfilment. Over 15 million copies of his books have been sold globally including his international bestseller “You Can Win” in 21 languages. His clients include Lufthansa, HP, DHL, HSBC, Canon, Nestle, Philips, Mercedes, Johnson & Johnson, Metlife, and many more. Tens of thousands have benefitted from his dynamic workshops internationally in over 20 countries and millions have heard him as a Keynote Speaker. He has appeared on numerous radio and television shows. Mr. Khera is the brand ambassador of the Round Table Foundation. He has been honoured by The Lions International and Rotary International. His trademark is: Winners don’t do different things; They do things differently. (https://shivkhera.com/about/)

For media queries contact
Ganesh S
Mett.AI 
Ganesh@mettai.world

TransNusa Increases Scheduled Flight Frequency to Twice Daily

TransNusa’s Scheduled Flight Frequency Increase to be Implemented in Two Phases

South East Asia’s first holistic premium service airline, PT TransNusa Aviation Mandiri, is further strengthening its presence in Perth by increasing the frequency of its scheduled flights for its Bali – Perth route to twice daily or 14 times a week from its current 7 times a week.

TransNusa Group Chief Executive Officer, Datuk Bernard Francis said that sales of tickets for the additional flights started yesterday.

“We will increase the frequency of flight in two phases. First phase will see TransNusa’s scheduled flights increasing from 7 times weekly to 11 times weekly. The additional four flights will be scheduled for Wednesday, Thursday, Friday and Sunday,” he said, adding that the first phase will begin on July 2.

With regard to the second phase, Datuk Francis said that TransNusa will increase its scheduled flight frequency from 11 times weekly to 14 times weekly starting July 18.

This announcement comes a little more than two months after TransNusa successfully launch its scheduled flights to Perth from its base in Bali on March 20, 2025.

Datuk Francis explained that TransNusa has plans to further strengthen and enhance its offerings to passengers in a bid to increase passengers’ comfort on all its flights.

“The move to enhance our customer comfort is part of our plan to grow TransNusa as a secure and caring brand in line with our Premium Service Carrier status,” Datuk Francis explained.

TransNusa, which has been operating its international flights as a Premium Service Airline and its domestic routes as a Low-Cost Carrier (LCC), was recently given the green light by the Indonesian Aviation Authority to operate as a Premium Service Airline in their domestic market as well.

This success comes on the back off its value-added services such as all the airline’s planes are configured with less seats than that of a LCC, the airline provides refund and unlimited flight changes for its Seat Plus and Flexi-Pro tickets, respectively, among others. TransNusa passengers also enjoys a minimum check-in baggage allowance of 20kg and a hand carry baggage allowance of 7kg.

Sale of tickets for TransNusa’s scheduled flight are currently priced from IDR1.699.000 onwards, AUD156 onwards, CNY740 onwards, USD110 onwards, and MYR487 onwards. Potential passengers can purchase the tickets at transnusa.co.id or any secure Online Travel Agents (OTAs). For passengers who purchase tickets from OTAs, they can check-in at transnusa.co.id.

TransNusa’s additional scheduled flight, 8B 082 (DPS-PER), will depart at 12.55pm from the I Gusti Ngurah Rai International Airport and arrive at Perth Airport at 16.55pm on July 1 onwards. While TransNusa flight, 8B 083 (PER-DPS), will depart Perth Airport at 18.05pm and arrived at the I Gusti Ngurah Rai International Airport at 21.50pm.

TransNusa will continue to operate its current scheduled flight, 8B 080 (DPS-PER), which departs Bali at 09.10am from I Gusti Ngurah Rai International Airport and arrive the Perth Airport at 12.50pm. The flight, 8B 081 (PER-DPS), will depart Perth Airport at 13.35pm and arrive at I Gusti Ngurah Rai International Airport in Bali on 17.20pm.

TransNusa will be utilising its Airbus A320 that has a seat capacity of 174 for this international route that has a 3 hours and 40 minutes flight duration.

Apart from the Bali-Perth international route, TransNusa also operates scheduled flights from its base in Bali to Guangzhou, China.

Datuk Francis said that TransNusa has the shortest transit time of a maximum of 2 hours between the scheduled arrival of its flights from Perth to Bali and from Bali to Guangzhou.

“For West Australians looking for a more adventurous vacation, they can spend some time in Bali and jet across to Guangzhou to experience places such as Gulong Gorge skywalk glass bridge,” Datuk Francis added.

On TransNusa’s Premium Service Carrier product offerings, Datuk Bernard stressed that for its international flights, TransNusa not only provide premium services with competitive ticket prices, but the airline also has attractive product bundles called SEAT, SEAT-PLUS and FLEXI-PRO.

“For the highest package, FLEXI-PRO, we provide more complete services such as free baggage 30kgs, free to choose seats, free food, and drinks, priority at check-in and boarding. In addition, TransNusa also provides its FLEXI-PRO passengers with the ability to be able to change their flight schedule without restrictions and obtain refund when needed.

“We are committed to providing affordable and competitive ticket prices, while still providing premium services to our customers.” concluded Datuk Bernard.

DATUK BERNARD FRANCIS… TransNusa to focus on passengers’ needs and comfort
DATUK BERNARD FRANCIS… TransNusa to focus on passengers’ needs and comfort

About TransNusa
Established in 2005, TransNusa started its operation by providing chartered flights. It began its commercial flights in 2011. After ceasing operations due to the Covid-19 pandemic, TransNusa relaunched itself in 2021 as a low-cost airline in its domestic market. In 2023, TransNusa introduced a new business model making it the first Premium Service Airline in the region. The new business model will apply only to its international routes. TransNusa introduced its first international route in April, 2023. The airline introduced its Jakarta – Kuala Lumpur round trip route and had its maiden flight on April 14, followed by the Jakarta – Singapore route on November 20, 2023. After which, the airline successfully launched three more new international routes by the end of 2023. The airline is currently based in Jakarta Soekarno-Hatta International Airport. Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore and Indonesia, or by contacting the airline’s customer service centre at, +62216310888. For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719.

Media Contact
Trina Thomas Raj
trina@myqaseh.org 
+60124992672 (watsapp)

The PropertyGuru Asia Property Awards (Middle East) return for 2025 edition with inaugural Dubai launch

PropertyGuru, Southeast Asia’s leading property technology company, today launched the latest edition of its real estate awards programme in the Middle East from Dubai, expanding its reach into the region’s thriving markets.

Following a successful debut in 2024, the PropertyGuru Asia Property Awards (Middle East) return for their second edition, providing a widely respected, trusted platform for showcasing the achievements and innovations of developers in the region.


The PropertyGuru Asia Property Awards (Middle East) return for their second edition with the inaugural “Asia Connect: Dubai” launch event

The timeline for the 2025 awards season was revealed today during the “Asia Connect: Dubai” event at the Conrad Dubai Hotel, with distinguished guests and organisers in attendance. 

The 2025 PropertyGuru Asia Property Awards (Middle East) programme will conclude in an international luncheon and presentation ceremony at The Athenee Hotel, a Luxury Collection Hotel, Bangkok during PropertyGuru Week in December 2025.

Key dates for the 2025 Awards are:

  • 19 September 2025 – Entries Close
  • 1-3 October 2025 – Site Inspections
  • 17 October 2025 – Final Judging
  • 12 December 2025 – International Luncheon and Awards Ceremony in Bangkok, Thailand
  • 12 December 2025 – Regional Grand Final Gala Dinner and Awards Presentation in Bangkok, Thailand

Enduring global appeal

Asia Connect: Dubai served as an opportunity for stakeholders in the real estate industry to network and showcase the enduring global appeal of properties in the Middle East to investors.

The premier gathering comes as luxury real estate markets like Dubai and Abu Dhabi continue to attract high-net-worth individuals from around the world, according to research by Property Report by PropertyGuru, the official magazine of the Awards. Strategic government initiatives and investor-friendly policies have bolstered property markets and attracted sustained foreign investment into the region.


                                      Asia Connect: Dubai Panel Discussion

A panel discussion, “Opening the Doors for Asian Real Estate Investors in the Middle East,” drew esteemed speakers such as Fiona Juan Wang, senior manager for training and development at DAMAC Properties; Lavin Nalinababu, director for business consultancy at HLB HAMT; and Stephen Oehme, director of Quantum Analysis Pte Ltd Singapore and member of the PropertyGuru Asia Property Awards (Middle East) judging panel.


Mr Jules Kay, the general manager of PropertyGuru Asia Property Awards, giving his speech about ‘Gold Standard’ in the region’s real estate.

Jules Kay, general manager of PropertyGuru Asia Property Award and Events, was also in attendance, reiterating the programme’s pursuit of excellence in 2025.

He said: “We are happy to introduce the PropertyGuru Asia Property Awards to the Middle East to showcase one of the world’s most dynamic property markets to discerning investors and property seekers across Asia. With its appealing economic profile, attractive lifestyle choices, and developers’ commitment to considering the environment, Middle Eastern property offers far more than pure investment. This year, we aim to raise the standard of real estate in a region already defined by excellence, with its ambitious skylines, megaprojects, and sustainability goals. Through the Awards, we encourage the innovators, pioneers, and leaders of this aspirational property market to showcase their towering achievements to the rest of Asia.”

Coco Liu, chief growth officer of HLB Global, came on behalf of the award-winning network of independent professional accounting firms and business advisers.

Leveraging upon its experience in monitoring award systems around the world, HLB is entrusted with overseeing the entire judging process of the PropertyGuru Asia Property Awards (Middle East). Working with organisers of the PropertyGuru Asia Property Awards, HLB HAMT will supervise the selection process and ensure its fairness, transparency, and credibility.

Informing property seekers

With an expanded roster of categories for 2025, the PropertyGuru Asia Property Awards (Middle East) are poised to inform property seekers in other Asian countries of more choices in quality real estate.

New categories include Best Township Developer; Best Community Developer; Best Mega Township Development; Best Completed Mixed Use Development; Best Oceanview Condo Development; Best Oceanview Housing Development; Best Multigeneration Living Condo Development; Best Multigeneration Living Housing Development; Best Renovated Residential Development; Best Renovated Commercial Development; and Best Smart Commercial Development.

The PropertyGuru Asia Property Awards (Middle East) are part of the PropertyGuru Asia Property Awards series. Established in Thailand in 2005, the series marks its 20th edition this year, with a presence now spanning 13 countries and counting across Asia Pacific.

Winners of this year’s Awards in the Middle East may qualify to compete for the Best in Asia titles at the 20th PropertyGuru Asia Property Awards Grand Final in Bangkok in December 2025. Last year, Oud Real Estate Company triumphed with the Best Mixed Use Developer (Asia) title at the 19th PropertyGuru Asia Property Awards Grand Final, following wins during the inaugural PropertyGuru Asia Property Awards (Middle East).

The 2025 PropertyGuru Asia Property Awards (Middle East) are supported by official property portal PropertyGuru; official magazine Property Report by PropertyGuru; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2025, the Awards series is open to key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2025. 

For more information, please visit AsiaPropertyAwards.com.

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 31 million property seekers2 to connect with over 50,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 17 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

(1) Based on SimilarWeb data between January 2024 and June 2024.
(2) Based on Google Analytics data between January 2024 and June 2024.
(3) Based on data between April 2024 and June 2024.
(4) Based on data between January 2024 and June 2024.

CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com  

Media & Partnerships:
Piyachanok Raungpaka, Senior Media & Marketing Services Executive
M: +66 94 887 5163
E: piyachanok@propertyguru.com

Sales, Nominations, & Sponsorships:
Priyamani Srimokla, Account Manager, Awards Sponsorship
M: +66 85 440 1655
E: priya@propertyguru.com

Sales, Nominations, & Sponsorships:
Kai Lok Kwok, Solutions Manager
M: +66 97 117 8595
E: kai@propertyguru.com

Naoris Protocol Raises $3M in Strategic Round Led by Mason Labs

Naoris Protocol, the first quantum-resistant blockchain and cybersecurity mesh architecture, has raised $3 million in a strategic funding round led by Mason Labs, that includes Frekaz Group, Level One Robotics and Tradecraft Capital following a six-month technical due diligence process.

The round, which includes proceeds from Naoris’s public sale and related allocations, was oversubscribed, prompting the team to open a new institutional raise — now live as of today, Thursday, 29 May.

David Carvalho, CEO and Founder of Naoris Protocol, says: “The strong interest we’ve seen from institutions reflects how urgently the industry is beginning to take the threat of quantum computing seriously. This investment supports our mission to future-proof the blockchain ecosystem before these risks become reality.”

Mason Labs, a leading venture capital firm focused on infrastructure-grade technologies, conducted a detailed review of Naoris Protocol’s post-quantum trust structure prior to securing the entire VIP allocation.Rain Huan, Founder of Mason Labs, says: “In recent years, cybersecurity issues related to digital assets have become increasingly severe and a serious challenge also faced by Mason Labs as an institution focusing on on-chain asset trading and investment. Naoris Protocol’s groundbreaking infrastructure layer has the potential to effectively mitigate such security risks. If successful, this would represent a substantial advancement for the Web3 ecosystem.”

This latest round follows a $31 million fundraise in 2022 backed by Tim Draper, the Holdun Family Office, Expert Doja, Uniera and other institutional investors.

Naoris Protocol is led by a team of cybersecurity, defense, and blockchain leaders, including:

The protocol offers a plug-and-play cybersecurity mesh designed to protect any blockchain or enterprise system from the sub-zero layer upward, without requiring a hard fork. Its decentralized security layer is powered by post-quantum cryptography and AI, and aligned with standards from NIST, NATO, and ETSI.

Naoris Protocol also runs a quantum-resistant Layer 1 blockchain secured by its proprietary Proof-of-Security (dPoSec) consensus mechanism.

About Naoris Protocol

Naoris Protocol is the world’s first Decentralized Post-Quantum Infrastructure, built to secure both Web3 and Web2 against traditional and quantum threats. Operating beneath blockchain layers 0 to 3 as a Sub-Zero Layer, it integrates with existing EVM chains, nodes, bridges, dApps, enterprise systems, and IoT devices without requiring hard forks. Naoris Protocol combines Post-Quantum Cryptography, dPoSec Consensus, and Decentralized Swarm AI to create a self-healing security mesh that eliminates single points of failure. Since launching in January 2025, it has processed over 64 million transactions and mitigated 341 million threats. Powered by the $NAORIS token, it is the fastest-growing trust and security layer for a quantum-resilient internet.

To learn more about Naoris Protocol, visit https://www.naorisprotocol.com/ 

Press contact:
Anna Fedorova
anna@babslabs.io 

Genetec maintains profitability in Q3FY2025 on higher revenue

Core clients and order fulfilment support higher top-line performance, Short-term margin impacted by one-off, upfront expenses for new project

Key Financial Performance Highlights for Q3FY2025:

  • Group’s total revenue for the quarter jumps to RM75.1 million, with e-mobility and energy storage segments as primary contributors, followed by electronics
  • Performance for the quarter supported by prompt execution of outstanding orders from FY2024 and progress on new scopes secured within existing client base
  • Both PBT and PAT stand at RM3.2 million for the quarter under review
  • GP, PBT, PAT, and PATAMI margins recorded at 11.6%, 4.3%, 4.3% and 1.1% respectively

Technology leader in providing turnkey, intelligent manufacturing automation solutions, GENETEC TECHNOLOGY BERHAD (Genetec or the Company), today announced its financial results for the third quarter ended 31 March 2025 (Q3FY2025). The Company reported a jump in their revenue to RM75.1 million, on par with the preceding year-on-year revenue levels, supported by the delivery of outstanding and new orders across its core client base. Gross Profit (GP) for the quarter came in at RM8.7 million with both profit before tax (PBT) and profit after tax (PAT) at RM3.2 million, and profit after tax and minority interests (PATAMI) at RM0.8 million. GP, PBT, PAT, and PATAMI margins stood at 11.6%, 4.3%, 4.3% and 1.1% respectively.

While the Q3FY2025 revenue marked a return to revenue levels previously seen in FY2024, profit margins and PAT for the quarter fell compared with the previous quarter’s PAT of RM6.3 million. The Company noted that this was due to several deliveries in the quarter involving new scopes which involved one-off, non-recurring expenses. Genetec expects margin to normalise in upcoming quarters.

Managing Director and Co-founder of Genetec, Chin Kem Weng commented, “Our top-line performance reflects a pickup in project execution and a healthy pipeline on the back of our ongoing client engagement. The margin dip this quarter is temporary, contributed by one-off expenses tied to the new project scopes and are not recurring. As such, we are confident that we will see a recovery in the margins in the coming quarters as project maturity and margin discipline for the new scopes improve. Genetec’s focus remains on deepening our partnerships with clients in key sectors like electric vehicle (“EV”), automotives, and energy storage, while we continue to seek meaningful diversification.”

Amid the ongoing shifts in global trade dynamics and supply chain strategies, Genetec sees structural tailwinds supporting its growth trajectory. As manufacturers reassess production footprints and strengthen operational resilience, there is an upward demand for flexible, cost-competitive and reliable high-quality automation solutions. Genetec’s Malaysia-based production model, combined with a proven international track record, deep technical expertise, and agile manufacturing capabilities, positions the Company well to support clients adapting to these changes.

The Company remains focused on deepening its engagement with existing customers while exploring opportunities to broaden its client base. In addition to pursuing new scopes within existing clients’ operations, Genetec has actively participated in several international exhibitions and industry events in recent months, which have generated encouraging business leads. These engagements mark early steps toward potential entry into new industries and segments, in line with the Company’s longer-term strategy to diversify and grow.

Genetec is also actively managing its current production load while progressing its EPIC plant expansion, scheduled for completion in early 2026. The new facility will significantly increase floor space and technical capabilities, supporting Genetec’s ability to deliver on multiple high-value projects simultaneously.

“We remain focused on timely order execution, quality and cost control, and supporting our clients in a rapidly evolving industrial and technological environment. With steady project momentum, a growing base of client engagements, and strategic expansion into new sectors, we are cautiously optimistic about the road ahead. We believe Genetec is well-positioned to build on this foundation for long-term growth,” Chin concluded.

With ongoing execution across key client projects and growing interest from new industries, Genetec continues to position itself as a trusted global partner in automation.

About Genetec Technology Berhad
Genetec Technology Berhad is a public listed company on the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104) and a global leader in providing customised, turnkey smart factory automation solutions. With a strong international footprint, it serves a diverse range of industries including electric vehicle (EV), e-mobility and energy storage, automotive, hard disk drives (HDD), consumer electronics, appliances, and pharmaceuticals.

For more information please visit: https://genetec.net/.

MODONG Coffee Proudly Sponsors “G-DRAGON 2025 WORLD TOUR [Ubermensch] IN TAIPEI, presented by KGI FINANCIAL GROUP” as Official Sponsor

MODONG Coffee, a leading global health and wellness brand, is proud to announce its sponsorship of G-DRAGON 2025 WORLD TOUR [Übermensch] IN TAIPEI, presented by KGI FINANCIAL GROUP, taking place on July 11 (Fri.) and July 13 (Sun.) at the Taipei Arena. As the Official Sponsor, MODONG Coffee brings an innovative fusion of “Music × MODONG Energy” to create an immersive audiovisual experience for fans. This collaboration marks a strategic milestone in MODONG Coffee’s youth-centric expansion, advancing its “IP + Scenarios + New Retail” ecosystem.

As one of Asia’s most influential music IPs, G-DRAGON’s upcoming tour, themed “Übermensch”, symbolizes his groundbreaking interpretation of art and self-expression. As an Official Sponsor, MODONG Coffee joins forces with Samsung, ADATA Technology, and other brands to deliver an immersive experience, seamlessly blending stunning visuals with exceptional music for the audience.

As the flagship product of Star Plus Legend’s new retail business, MODONG Coffee has established a leading position in China’s bulletproof drink market since its launch in 2019 with its differentiated product positioning. According to China Insights Consultancy, MODONG coffee has ranked first in the bulletproof drink market by GMV in the PRC for five consecutive years (2020-2024). As of 2024, the cumulative sales of MODONG coffee have reached 100 million cups. That same year, MODONG brand and its products earned multiple prestigious certifications, including “a high profile brand in Jiangsu province” and “the iSEE list of top 100 innovative brands”, further solidifying its market competitiveness.

Additionally, MODONG Coffee has deeply integrated with the phenomenal variety show IP “J-Style Trip”, achieving “traffic-to-sales conversion” through celebrity-driven marketing and scenario-based campaigns. This strategy drove a 360% year-on-year sales surge in its debut year, propelling Star Plus Legend’s net profit to soar 233% YoY. To meet evolving consumer demands, MODONG Coffee underwent a brand upgrade in 2025, launching the MODONG MAGIC series—Sicilian Lemon Coffee and Cactus Black Coffee—under the concept “A Cup On-the-Go: Crafting Magic for Healthy Living”. The brand aims to pioneer a new MODONG lifestyle rooted in low-carb diets and scientific fitness, fostering healthier habits and redefining the relationship between nutrition and wellness. To amplify brand influence, MODONG MAGIC became the exclusive title sponsor of “J-Style Trip Season 3”. The show has aired nine episodes to date, dominating CSM71-city provincial satellite TV ratings with nine consecutive time-slot No.1 rankings. It generated 298 trending topics and over 2.9 billion impressions across platforms, igniting widespread social engagement.

The support for the “G-DRAGON 2025 WORLD TOUR [Übermensch] IN TAIPEI, presented by KGI FINANCIAL GROUP” represents a key step in MODONG Coffee’s strategic layout of combining “healthy trendy beverages + entertainment.” By leveraging G-DRAGON’s global fan appeal and the high popularity of the concert, the brand aims to further expand its influence in the Asia-Pacific market — marking a significant leap for MODONG Coffee from product to brand, and from local to global.

Looking ahead, MODONG will remain sharply focused on Gen Z consumers, engaging them through health, music, fashion, and digital art to strengthen its youth-oriented identity. Powered by AI-driven IP innovation, the brand is poised to accelerate the fusion of digital technology and the real economy.

First patient dosed in YK012 trial-the world’s first TCE therapy for primary membranous nephropathy

Key Highlights
– Clinical trial to evaluate the safety and efficacy of YK012 in primary membranous nephropathy
– Globally, this is the first bispecific CD19-directed CD3 T cell engager immunotherapy for this autoimmune disease
– Milder T cell activation than Blincyto and Target cell-dependent T cell activation
– Multiple CR cases observed in ongoing r/r NHL Phase Ia trial and r/r ALL Phase Ib/II trial

Excyte, a global clinical-stage biotechnology company, announced first patient has been dosed for YK012, the world’s first patient T cell engager that entered into clinical trial for primary membranous nephropathy (pMN). The patient remained well after administration with no adverse reactions witnessed to date.

pMN is an autoimmune disease caused by the attack of autoantibodies against podocyte antigens leading to the in situ production of immune complexes. pMN is the most common cause of primary nephrotic syndrome in non-diabetic adults worldwide, accounting for 20% to 37% of affected individuals, and as high as 40% in adults over 60 years of age (1). Currently, 20-30% of pMN cases are resistant to current therapies like rituximab and cyclophosphamide and relapse rates can be high (2).

A clear regulatory pathway in this orphan disease in US could make YK012 one of the first approved TCE in the autoimmune space with many other autoimmune and oncology indications to follow. Excyte would file for US investigational new drug (IND) application imminently.

The study aims to evaluate the safety, tolerability, and preliminary efficacy of YK012 in PMN patients. Led by Professor Minghui Zhao and Prof Zhao Cui from Peking University First Hospital, the trial is planned to be conducted across multiple centers in China. The clinical trial for this indication in the United States will be collaboratively executed by Excyte and its international partners.

“YK012 is a T-cell engaging bispecific antibody targeting both CD19 and CD3, activating T-cell immunity via CD3 while targeting CD19—the most widely expressed tissue-specific marker during B-cell development and thereby enabling B-cell reset. Our data illustrated YK012 mediated significant B cell depletion and have illustrated in current clinical studies extended half-life and limited cytokine release in patients,” said Mr. Andrew Meng, chairman and COO at Excyte. “We look forward to collaborating with regulatory authorities to make YK012 available to this  patient population with a high unmet medical need.”

In December 2024, YK012 obtained Clinical Trial Approval Notice (No. CXSL2400727) from China’s National Medical Products Administration (NMPA) and was registered on ClinicalTrials.gov (NCT06982729). With the first patient dosed in pMN, Excyte now has a global presence in autoimmune diseases in additional to oncology indications such as NHL and ALL. Earlier this year, Excyte also secured clinical trial approval for systemic lupus erythematosus (SLE), with Professor Xiaofeng Zeng from Peking Union Medical College Hospital serving as Principal Investigator.

About Excyte Biopharma Ltd.
Excyte Ltd. was co-founded by Dr Qing’an Yuan and Mr Andrew Meng , biotech industry veterans with decades of antibody engineering experiences. The company has also established a U.S.-based wholly-owned subsidiary, Excyte LLC, forming a dual-engine drug R&D hub spanning China and the U.S. Excyte is dedicated to developing innovative bispecific antibody drugs for hematologic cancers, multiple myeloma, solid tumors, autoimmune diseases, and other conditions. Excyte’s FIST platform and next generation assets possess features such as long-acting, low-toxicity, and high-yield technological innovations. For more information, please visit https://www.iExcyte.com/

Business Development Contact
Ying Liu, liuying@iExcyte.com

References:
1.William G Couser, Primary Membranous Nephropathy, Clin J Am Soc Nephrol. 2017 May 26;12(6):983–997.
2.Elham Ahmadian, Seyed Mahdi Hosseiniyan Khatibi, Sepideh Zununi Vahed, Mohammadreza Ardalan, Novel treatment options in rituximab-resistant membranous nephropathy patients, International Immunopharmacology, Volume 107, 2022, 108635, ISSN 1567-5769.