Vietnam’s International Financial Center Launches Maritime Financial Ecosystem to Capture USD Billions Flowing Offshore

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 21 May 2026 – Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC), in collaboration with Gemadept Corporation and the Ho Chi Minh City Institute for Development Studies, today hosted a high-level forum to officially launch the International Maritime Financial Ecosystem (IMFE) — one of the four strategic pillars of VIFC-HCMC.

Assoc. Prof. Dr. Nguyen Huu Huan (left), Vice Chairman of VIFC-HCMC, and Mr. Nguyen Thanh Binh, General Director of Gemadept Corporation, at the official launch ceremony of the International Maritime Financial Ecosystem (IMFE) in Ho Chi Minh City.

The forum, themed “Developing the International Maritime Financial Ecosystem within the Vietnam International Financial Center in Ho Chi Minh City,” took place at the VIFC-HCMC Building, 08 Nguyen Hue Street, District 1, and drew more than 100 senior delegates. Attendees included leaders from central ministries and agencies, the Ho Chi Minh City People’s Committee, representatives from coastal provinces (Da Nang, Khanh Hoa, Kien Giang), domestic and international financial institutions, port and logistics enterprises, and international organisations.

The day’s agenda focused on three headline moments: a strategic industry report by Roland Berger, titled “Vietnam Maritime Industry: A Strategic Opportunity for Breakthrough Growth,” which benchmarked leading global maritime financial hubs and mapped a roadmap to raise Vietnam’s domestic value retention from the current 4–5% to 15% by 2035; the official launch ceremony of the IMFE initiative within VIFC-HCMC; and a memorandum of understanding signed between VIFC-HCMC and Gemadept Corporation, owner and operator of Gemalink International Port in Cai Mep – Thi Vai, formalising Gemadept’s role as a founding lead of the initiative. The forum also saw the introduction of the first maritime financial products and initiatives to be developed within the VIFC-HCMC framework.

A seaport system of growing global weight

The ambition behind IMFE is grounded in the rapid rise of southern Vietnam’s port infrastructure. Ho Chi Minh City is home to Cat Lai Port — ranked among the world’s top 21, handling approximately 7.5 million TEUs annually — and Gemalink International Port in Cai Mep – Thi Vai, capable of receiving ultra-large container vessels. These existing assets are set to be joined by the Can Gio International Transshipment Port, a 571-hectare project with a projected capacity of 17 million TEUs per year, further deepening the city’s integration into global logistics and trade networks.

In 2025, the Ho Chi Minh City port system handled over 24 million TEUs, ranking 8th globally according to Lloyd’s List, and was associated with approximately USD 200 billion in import-export turnover, accounting for around 20% of Vietnam’s total trade value. Surrounding this physical infrastructure, a broad ecosystem of supporting services has expanded significantly, spanning cargo handling, warehousing, freight forwarding, customs clearance, and supply chain management. The total annual trade transaction value flowing through the region — encompassing goods, logistics services, and related financial demand – is estimated at over USD 1 trillion.

The financial gap: billions flowing through offshore centers

However, the scale of this physical activity stands in sharp contrast to the financial value Vietnam currently retains. Despite enormous cargo volumes, most high-value maritime financial services generating the largest profit margin including trade finance, ship financing, marine insurance and reinsurance, international payments, and logistics risk management continue to flow through developed offshore maritime financial centers. Vietnam currently captures only around 4–5% of these financial transaction values domestically, leaving an estimated USD 6–8 billion in potential value accessible but unrealised. To complete the maritime value chain and retain these economic benefits onshore, Vietnam must evolve beyond purely physical cargo transshipment. The gradual development of a comprehensive maritime financial ecosystem is an essential and inevitable strategic step.

IMFE: from vision to institutional launch

Against this backdrop, the IMFE initiative took shape as a core component of VIFC-HCMC, with Gemadept Corporation serving as a founding lead. The initiative was first introduced on September 12, 2025, during the symposium “Ho Chi Minh City – A Modern, High-End, High-Value Service Hub,” where Gemadept presented a strategic vision of integrating Vietnam’s deep-sea port infrastructure with a dedicated maritime financial ecosystem. To materialise that vision, the corporation cooperates with the Ho Chi Minh City People’s Committee, leading to its official designation as a Strategic Member of VIFC-HCMC on February 11, 2026, at the Center’s Launching Ceremony. Today, as the operator of Gemalink — a major deep-sea gateway at Cai Mep – Thi Vai — Gemadept is focused on channeling high-value capital flows and advanced financial services directly into Ho Chi Minh City’s real maritime economy.

With this foundation in place, today’s forum pursues three concrete objectives: to officially launch the IMFE as a strategic platform designed to localise maritime financial capital and services, laying the groundwork for Ho Chi Minh City to emerge as one of the region’s leading maritime hubs; to connect financial institutions, banks, insurance companies, shipping lines, logistics enterprises, and international organisations within an integrated ecosystem, bringing the port-to-finance model to life in Vietnam; and to introduce the first maritime financial products and initiatives, creating mechanisms for Vietnamese enterprises to access financing, insurance, and risk management tools domestically rather than through foreign intermediaries.

“Ports such as Can Gio and Cai Mep-Thi Vai are transshipment hubs for cargo flows — VIFC-HCMC must become the transshipment hub for capital flows serving Vietnam’s maritime economy,” said Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of VIFC-HCMC.

Hashtag: #VIFC

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Andamanda Phuket Water Park Unveils Premium Guest Experiences

Tripadvisor Travellers’ Choice 2025 · Trip Best 2025 · Global Top 100 Family-Friendly Attractions

PHUKET, THAILAND – Media OutReach Newswire – 21 May 2026 – Andamanda Phuket, the island’s largest water park, spanning over 100,000 square meters, is inspired by Thai mythology and the Andaman Sea. A proud recipient of the Tripadvisor Travellers’ Choice Award 2025 and ranked among the Trip Best Global Top 100 Family- Friendly Attractions, Andamanda delivers a world-class tropical experience for thrill-seeker families and leisure travellers alike.

Andamanda Phuket- where thrills, culture, flavours, and family memories come together for a world-class experience unlike anything back home.

25 Attractions. 36 Slides. Zero Dull Moments.
Spread across five iconic zones inspired by Thai mythology, Andamanda offers something for every kind of visitor:

  • 36 slide lanes, from heart-pounding drops to family-friendly twists, the most in Phuket.
  • Southeast Asia’s longest lazy river- 550 metres of pure relaxation winding through tropical scenery.
  • A 10,000m² wave pool- generating waves up to 3 metres high. Prepare to get knocked off your feet.
  • Private cabanas & water villas- with air conditioning and restrooms, for those who like their downtime in style.
  • Dedicated kids’ zones- with lifeguards and age-appropriate splash areas, so the little ones have their own adventure.

More Than Slides – A Living Cultural Experience
Andamanda brings Thai heritage to life every single day. Daily live entertainment includes a Muay Thai showcase andThe Story of Andamandaa breathtaking live performance of music, dance, and Thai folklore that you will not find in any other water park in the world. The park’s mythological sculptures, traditional architecture, and five legend-themed zones make every corner worth exploring and photographing.

Food for Every Taste
Andamanda’s dining options are built with all guests in mind. You will find authentic Thai classics alongside international favourites, plus vegetarian, halal, and gluten-free options. Indian favourites are also well-represented: chicken and vegetable samosas, butter chicken, and fragrant biryani keep the whole family happy and energised. With multiple restaurants spread across the park, a great meal is always close by.

Tickets and Visitor Information
Tickets are available online via the official website at andamanda.com.
Advance booking is recommended to ensure availability and access to the best available rates. A full day here never feels long enough. Andamanda keeps the energy high from morning until closing.

Hashtag: #AndamandaPhuket #Phuket #Thailand #WaterPark #TravelThailand #FamilyTravel




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“AI with HKPC” Smart Solutions Showcase Series Returns

Driving Industrial Upgrading and Widespread AI Adoption through Smart Manufacturing, Public Services and “AI for All” Training

HONG KONG SAR – Media OutReach Newswire – 21 May 2026 – The national 15th Five-Year Plan advocates deepening the “AI+” initiative, promoting the extensive integration of AI across all sectors of the economy and society. The HKSAR Government has clearly positioned AI as a core industry and is accelerating the establishment of the Committee on AI+ and Industry Development Strategy to fast-track AI adoption across sectors. Following the overwhelming success of the inaugural showcase held in February this year, the Hong Kong Productivity Council (HKPC) today once again presents the “AI with HKPC” Smart Solutions Showcase Series. Featuring nearly 50 innovative AI solutions, the showcase focuses on three major themes: AI forManufacturing, InnovatingPublic Services, and AI Training for All. The event actively responds to the Government’s call to empower industries through AI and promote the transition from pilot projects to large-scale deployment. The event has received an enthusiastic response, attracting around 3,000 registrants from the Government, industry, academia and research sectors, reflecting strong market demand for AI solutions. The opening ceremony was officiated by Mr. Kevin CHOI, JP, Permanent Secretary for Innovation, Technology and Industry of the HKSAR Government, and Mr. Mohamed BUTT, MH, Executive Director of HKPC.

Mr. Kevin CHOI, JP, Permanent Secretary for Innovation, Technology and Industry of the HKSAR Government, said: “This year’s Budget Announcement continues the Government’s overall industry‑oriented development approach, with innovation and technology as a key driver and financial empowerment as a central theme. It also puts forward a series of measures to promote the AI development. Over the past few years, the Government has enhanced the strategic layout for AI development, laying a solid foundation for both the industrialisation of AI and the integration of AI across industries. These efforts include establishing an AI Supercomputing Centre, launching a $3 billion AI Subsidy Scheme, and advancing AI research and development through InnoHK. Nevertheless, the most important priority remains “AI for All”, ensuring the comprehensive advancement of “AI+” across the whole community. HKPC is a key partner of the Government. At the same time, close collaboration among stakeholders in innovation and technology, industry, commerce and education is essential to fully harness the potential of AI. Talent and enterprises are welcome to explore development opportunities in Hong Kong, whether by establishing a presence or expanding their operations here.”

Mr. Mohamed BUTT, MH, Executive Director of HKPC, stated: ” Continuously advancing the ‘AI Plus’ initiative is one of the key national work priorities for this year. In a guideline to implement the ‘AI Plus’initiative, the State Council has also clearly specified key performance indicators for the short-term (2027), medium-term (2030) and long-term (2035) phases, with the ultimate goal of fully building an intelligent economy and an intelligent society across the country. The HKSAR Government’s clear positioning of AI as a core industry has greatly encouraged the innovation and technology sector. HKPC actively aligns with the national plan and supports the HKSAR Government’s initiatives, making AI a key development priority, spanning technology integration and innovation, AI governance and cyber security, as well as talent development. Through this one-stop approach, we aim to support enterprises in leveraging AI to upgrade and transform industries, while also promoting broader public awareness and adoption of AI.”

Mr. BUTT added that he was delighted to see the successful return of the AI Solutions Showcase with wider industry participation. The exhibition aims to bring AI from “visibility” to “affordability, accuracy and security”, enabling wider adoption across industries and increasing AI penetration. HKPC will continue working with all sectors to advance the popularisation, industrialisation and application of AI, supporting Hong Kong ‘s development as a leading hub for AI innovation and application.

The themed programme, “AI for Manufacturing: Redefining Productivity in the AI Era​”, showcases a wide range of innovative applications, demonstrating how AI reshapes manufacturing sector, comprehensively enhances productivity, product quality and operational efficiency. Key solutions include:

  • Magnetic Crawling Robot for corrosion inspection of pipeline: Developed by HKPC in collaboration with the Electrical and Mechanical Services Department (EMSD), it leverages AI-assisted visual inspection to detect internal and external pipe corrosion, enabling predictive maintenance.
  • Autonomous Air-ground Cooperative Tunnel Inspector: The system was jointly developed by HKPC, the Civil Engineering and Development Department (CEDD), and Hyder-Meinhardt Joint Venture, integrated with AI, robotics, and millimetre-level positioning in GPS-denied environments for quality inspection and maintenance in the Trunk Road T2 and Cha Kwo Ling Tunnel project.
  • StationInspector: Co-developed by HKPC and MTR Corporation, it features AI-enhanced 3D visual scanning, advanced sensors and deep learning to accurately identify risks, navigate autonomously, generate reports and provide predictive maintenance recommendations, efficiently detecting safety hazards in stations.

In addition, HKPC’s self-developed open AI platform “HKPC Picasso” integrates a variety of standardised core AI modules. Enterprises can quickly deploy vision inspection, large language model (LLM) and other capabilities without building infrastructure from scratch, achieving efficient and internationally compliant intelligent transformation. This helps enterprises overcome integration challenges, cost concerns, and security risks in AI adoption.

The Innovating Public Services, Driving the AI Transformationstream focuses on AI applications in Government processes, medical diagnostics and data analysis to enhance public service efficiency and risk management capabilities. The event invites speakers from the Digital Policy Office, Hong Kong Generative AI Research & Development Centre and Cyberport to explore how AI infrastructure empowers public services. Industry leaders including Alibaba Cloud, Huawei, Intertek and Shadow Bot also join HKPC experts to share insights on smart governance, data governance and automated approval. Key solutions cover AI-enabled digital public service platforms, AI healthcare applications, and smart systems for data security and leakage prevention, demonstrating how AI improves the quality and security of public services.

The “FutureSkills: AI Training for ALL” stream aims to cultivate AI talent and prepare the workforce for future challenges. In recent years, the HKSAR Government has actively promoted territory-wide AI training and enhanced AI literacy. In response, HKPC Academy has launched the “Future Skills with AI” Framework to support the “AI for All” initiative. Through professional training programmes and certification covering AI knowledge, technology applications, business management and growth mindset, the framework comprehensively enhances the future workplace competitiveness of working professionals, technology practitioners, business leaders, educators and families.The themed forum, Enabling the Human + AI Workforce, explores in depth the evolving workplace ecosystem driven by human-AI collaboration, as well as strategies for organisational transformation and leadership action. A series of AI training workshops and expert sharing sessions further cover topics such as Vibe Coding for workplace empowerment, the new era of precision administration, human-machine collaboration, and AI-driven education.

Furthermore, HKPC signed Memoranda of Understanding with numerous schools and educational organisations, including the Subsidized Primary Schools Council, The Association of Hong Kong Chinese Middle Schools, Hong Kong Subsidized Secondary Schools Council, Hong Kong Aided Primary School Heads Association, Catholic Diocese of Hong Kong, The Hong Kong Association for Computer Education, and Hong Kong Federation of Education Workers TechEd Centre , to jointly promote AI education. The AI education programmes are expected to reach over 500 primary and secondary schools across Hong Kong, fostering future digital talent and strengthening the translation of industry-academia outcomes into real-world impact.

Click here to download the high-resolution photos

  1. Mr. Kevin CHOI, JP, Permanent Secretary for Innovation, Technology and Industry of the HKSAR Government, attends the opening ceremony of the “AI with HKPC” Smart Solutions Showcase Series, supporting the integration of AI into industries and the “AI for All” programme.
  2. Mr. Mohamed BUTT, MH, Executive Director of the HKPC, encourages enterprises to actively adopt AI to enhance productivity, product quality and operational efficiency at the opening ceremony.
  3. Officiating guests and industry representatives take a group photo to witness the success of the “AI with HKPC” Smart Solutions Showcase Series Returns.
  4. The showcase features nearly 50 AI solutions and on-site demonstrations, presenting the practical application of AI across various industries and offering actionable transformation pathways for enterprises and organisations.

Hashtag: #HKPC

The issuer is solely responsible for the content of this announcement.

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: .

Hainan Economic and Trade Delegation Visits the U.S., Focusing on Trade and Investment Cooperation

SAN FRANCISCO, USA – Media OutReach Newswire – 21 May 2026 – From May 11 to 14, a Hainan economic and trade delegation, jointly organized by the China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan)and the Hainan Youth Federation, visited the United States to conduct business exchange activities aimed at accelerating bilateral trade and investment between Hainan and the U.S. The delegation, comprising over 20 members, included heads of enterprises and institutions from sectors such as international trade, port logistics, digital technology, marine environmental protection, legal services, and modern agriculture.

China (Hainan Free Trade Port)–U.S. (San Francisco) Economic and Trade Exchange Meeting

At the China (Hainan Free Trade Port)–U.S. (San Francisco) Economic and Trade Exchange Meeting, the delegation highlighted the policy advantages and innovative achievements of the Hainan Free Trade Port to American enterprises. The two sides engaged in extensive exchanges in areas such as international trade, modern services, high-tech industries, and cross-border investment.

The head of the delegation noted that since the Hainan Free Trade Port began island-wide special customs operations on December 18, 2025, policy dividends have been steadily unleashed. The customs supervision model of “freer access at the first line, regulated access at the second line” has been fully implemented. The number of zero-tariff commodity items has been expanded to 6,631. Additionally, the policy of exempting tariffs on processed goods with a value-added rate exceeding 30% has created new cost advantages for cooperation between Chinese and U.S. enterprises.

Sean Randolph, a representative of the Bay Area Council, stated that direct exchanges between companies are essential for establishing long-term cooperative relationships. He noted that the San Francisco Bay Area, as a key gateway for Pacific trade, has maintained long-standing economic ties with Asia, particularly China. As the Hainan Free Trade Port continues to develop, sectors such as services, life sciences, and tourism are creating new opportunities for collaboration with California-based businesses.

During the visit, the delegation also participated in the 2026 China-California Economic and Trade Forum and held business negotiations with U.S. companies. The CCPIT Hainan signed a memorandum of cooperation with the Sino America Business Information Center to support the establishment of a platform for bilateral economic and trade cooperation and exchanges.

In addition, the delegation visited institutions such as the American-Chinese CEO Society, the Huamei Business Information Center, the Silicon Valley Open Intelligent Culture Foundation, and Sidley Austin LLP, engaging in in-depth exchanges on cross-border investment , specialized industry development, and commercial legal matters.

In June 2020, China unveiled a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. The initiative reached a major milestone in December last year with the launch of island-wide special customs operations, which marked the completion of the first key step toward that goal.

The move has turned the island into a special customs supervision zone, allowing freer trade between Hainan and areas outside China’s customs borders, while enforcing standard customs controls for goods moving from Hainan to the mainland.Hashtag: #CPITHainan

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G.O.D Introduces Hawthorn Dark Chocolate Sticks

A Hong Kong–Made Nostalgic Treat with a Modern Twist

HONG KONG SAR – Media OutReach Newswire – 21 May 2026 – Dark chocolate orange sticks have taken the world by storm—now reimagined in Hong Kong style ahead of G.O.D’s 30th anniversary, with an exclusive, never-before-created flavour.

G.O.D. presents Hawthorn Dark Chocolate Sticks, a uniquely local reinterpretation of the beloved dark chocolate orange stick and the cherished childhood favourite: Haw Flakes.

Made in Hong Kong by a well-established chocolate manufacturer — renowned for producing for some of the world’s highest-quality brands — each stick combines smooth dark chocolate with sweet and tangy hawthorn, delivering a distinctive balance of indulgence and nostalgia.

Each box contains 110g of hawthorn-filled dark chocolate sticks, individually wrapped for convenience and freshness. The charming gift box (7.5cm diameter x 7.2cm height) pays homage to the iconic design of traditional Haw Flakes.

Availability & Details
The Hawthorn Dark Chocolate Sticks are available exclusively at G.O.D. retail stores and the official e-shop, while stocks last. Each box is priced at HK$198, making it an ideal gift or a personal indulgence.

Hashtag: #goodsofdesire #godhk #GODHK30






The issuer is solely responsible for the content of this announcement.

G.O.D. (Goods of Desire)

G.O.D. (Goods of Desire) is a homegrown Hong Kong brand celebrating its 30th anniversary this year. Rooted in design and lifestyle heritage, the brand creates products with distinctive aesthetic and character, showcasing Hong Kong’s history and culture to an international audience. The name 「住好啲」means “to live better”, and in Cantonese it is phonetically similar to the English abbreviation “G.O.D.”

From Africa to Asia: InvestHK wraps up strategic visit to South Africa and Rwanda riding on Global South momentum (with photos)

HONG KONG SAR – Media OutReach Newswire – 21 May 2026 – Associate Director-General of Investment Promotion of Invest Hong Kong (InvestHK) Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong’s position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region.

Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong’s position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region. Photo shows Ms Lee (fourth left) and the Minister Counsellor in charge of Economic and Commercial Affairs of the Chinese Embassy in South Africa, Ms Liu Yu (fourth right), with other guests at a luncheon event in Johannesburg, South Africa, on May 11 (Johannesburg time).

During her visit to Johannesburg (May 10 to13) (Johannesburg time), Ms Lee engaged with a diverse range of leading enterprises and industry bodies. Discussions focused on how Hong Kong’s robust business environment can empower African enterprises to effectively manage and scale their expanding Asian operations.

Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong's position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region. Photo shows Ms Lee (centre) meeting with local media at the Africa CEO Forum in Kigali, Rwanda, on May 15 (Kigali time).
Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong’s position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region. Photo shows Ms Lee (centre) meeting with local media at the Africa CEO Forum in Kigali, Rwanda, on May 15 (Kigali time).

Ms Lee also met with local chambers of commerce and government investment agencies to explore new avenues for collaboration. She highlighted that Africa is one of the InvestHK’s key markets, as many African enterprises are now looking to diversify their funding sources and simplify cross-border transactions through Hong Kong’s deep capital markets and unique connectivity with Chinese Mainland.

Ms Lee said, “Africa has emerged as a vital engine of growth within the Global South. Our journey of thousands of miles to Africa begins with a meaningful step. For African corporates looking for a trusted and strategic partner to expand into the Chinese Mainland and the Asia-Pacific region, the interest, relationships, and momentum are building up. Hong Kong has vast potential to play a unique role linking capital, talent, and innovation between Africa and our part of the world, while InvestHK will continue to be a driver of this interconnectivity, facilitating two-way investment through strategic market insights, extensive global access, targeted promotion, and policy facilitation. ”

Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong's position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region. Photo shows Ms Lee (fourth left) at a local marketing agency in Johannesburg, South Africa, on May 13 (Johannesburg time).
Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong’s position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region. Photo shows Ms Lee (fourth left) at a local marketing agency in Johannesburg, South Africa, on May 13 (Johannesburg time).

The Minister Counsellor in charge of Economic and Commercial Affairs of the Chinese Embassy in South Africa, Ms Liu Yu, said, “The synergy between South Africa and Hong Kong in the economic and trade fields is both complementary and strategically significant. Under the framework of the 15th Five-Year Plan, Hong Kong’s status as a global offshore Renminbi hub and an international asset management centre provides a professional one-stop platform for enterprises to go global. We encourage South African and Chinese Mainland enterprises in South Africa to leverage Hong Kong’s unique professional advantages to optimise their supply chain layouts and achieve high-quality, mutually beneficial development.”

Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong's position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region. Photo shows Ms Lee (third right) at the Johannesburg Stock Exchange on May 12 (Johannesburg time).
Associate Director-General of Investment Promotion of Invest Hong Kong Ms Loretta Lee concluded a successful mission to South Africa and Rwanda today (May 18), reinforcing Hong Kong’s position as the strategic launchpad for African and Global South enterprises seeking offshore business growth into the Chinese Mainland and the broader Asia-Pacific region. Photo shows Ms Lee (third right) at the Johannesburg Stock Exchange on May 12 (Johannesburg time).

The President of the South African Chamber of Commerce and Industry (SACCI), Mr Mtho Xulu, said, “We want to see the relationship beyond our borders, where we take companies from South Africa into Hong Kong, using the city as a platform to scale into the bigger markets. Whether it’s for innovation, manufacturing, or industrialisation, we want to look at how we can collaborate further and bring the two places closer together. This ecosystem is exactly what our members need to unlock high-value opportunities on the Chinese Mainland and across Asia.”

The visit culminated in Kigali, Rwanda, where Ms Lee represented InvestHK at the Africa CEO Forum, engaging in high-level discussions with C-suite executives from the continent’s leading multinationals on May 14 and 15 (Kigali time).

Continuing the momentum of two-way economic ties, InvestHK will host an Africa Day Reception in Hong Kong on May 26, assembling local African business communities to explore new avenues for cross-border collaboration.
Hashtag: #InvestHK

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Standing With Young Learners: EBC Supports Isolo Junior Secondary School In Lagos

EBC Financial Group donated 250 notebooks and 47 school bags to support students with daily classroom materials.

LAGOS, May 2026EBC Financial Group (EBC) recently visited Isolo Junior Secondary School in Lagos and donated notebooks and school bags as part of its community initiative supporting education in Nigeria.

According to the United Nations Children’s Fund (UNICEF), access to education remains a major national challenge across Nigeria. About 10.5 million children aged 5 to 14 are not in school, while only 61% of children aged 6 to 11 regularly attend primary school. Against this backdrop, EBC’s visit focused on one immediate need within the school environment: helping students access essential school materials needed for writing, organising their work and participating in daily lessons.

EBC handed over 250 notebooks and 47 school bags to the school management, led by Principal Mrs Adewole F.A. and Vice Principal Mrs Ajawuihe.

Supporting Daily Learning

Books and school bags are everyday school essentials, but they play an important role in helping students stay prepared for classroom lessons. The visit also gave EBC representatives the opportunity to meet and spend time with the school’s representatives and students.

Representatives from Isolo Junior Secondary School and EBC at the handover of school materials in Lagos.

Also read: https://brandspurng.com/2026/05/21/sunbeth-global-concepts-pledges-to-train-100000-farmers-by-2040-under-new-orange-cocoa-sustainability-framework/

“It was a privilege to visit Isolo Junior Secondary School and spend time with the school community,” said David Precious, Project Coordinator for EBC’s Isolo Junior Secondary School Initiative. “Items such as notebooks and school bags are simple, but they are used every day in the classroom. We are glad to contribute in a practical way and hope these materials help students feel more prepared for their daily schoolwork.”

The school’s management received the donation on behalf of the students and expressed appreciation for the support.

Part of EBC’s Wider Community Work

The visit forms part of EBC’s wider community work across education and health. Alongside this education initiative in Lagos, EBC also supports the United to Beat Malaria programme, as malaria continues to affect communities across Nigeria.

In 2026, EBC served as a Gold Sponsor of the Move Against Malaria 5K (MAM5K) Virtual event and extended its partnership with the programme by three years.

Through its local and global initiatives, EBC continues to support communities through practical action and sustained engagement.

Disclaimer: This material is for information only and does not constitute a recommendation or advice from EBC Financial Group and all its entities (“EBC”). Trading Forex and Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed your deposits. Before trading, you should carefully consider your trading objectives, level of experience, and risk appetite, and consult an independent financial advisor if necessary. Statistics or past investment performance are not a guarantee of future performance. EBC is not liable for any damages arising from reliance on this information.

About EBC Financial Group  

Founded in London’s esteemed financial district, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access a wide range of global markets and trading opportunities, including currencies, commodities, shares, and indices.

Recognised with multiple awards, EBC is committed to upholding ethical standards and these subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC); EBC Financial Group SA (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA).

At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.

As the Official Foreign Exchange Partner of FC Barcelona, EBC provides specialised services across Asia, LATAM, the Middle East, Africa, and Oceania. Through its partnership with United to Beat Malaria, the company contributes to global health initiatives. EBC also supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, helping to demystify economics and its application to major societal challenges, fostering greater public understanding and dialogue.

Sunbeth Global Concepts Pledges To Train 100,000 Farmers By 2040 Under New Orange Cocoa Sustainability Framework

Orange Cocoa commits to eliminating child labour, restoring ecosystems, and building a cocoa value chain that is ethical, resilient, and regenerative across West Africa

Lagos, Nigeria — Sunbeth Global Concepts (SGC), one of Africa’s leading agro-commodities exporters, today launched Orange Cocoa, its long-term sustainability framework for the cocoa supply chain. Built on three pillars, Better Cocoa, Better Life, and Better Planet, the framework sets out specific, measurable commitments to transform the conditions under which cocoa is grown, traded, and sourced across West Africa, with targets running through to 2050.

Cocoa is one of the world’s most traded agricultural commodities, the raw material behind a global industry worth billions of dollars and the primary source of income for millions of smallholder farmers, the vast majority of whom live across West Africa. Yet for decades, the farmers at the very beginning of that chain have remained its most vulnerable link. Aging farms, unpredictable weather, falling yields, deforestation, child labour, and persistent rural poverty have long threatened the sector’s sustainability.

Orange Cocoa is SGC’s structured, long-term response to these challenges. It is a framework with clear accountability and a genuine commitment to the people and ecosystems that make cocoa possible.

“Orange Cocoa is our structured response to forces that are converging all at once, from regulatory change, to climate pressure, aging farms, and communities that have given so much to this industry and received too little in return. It takes the values we have always operated by and gives them structure, measurable targets, and clear accountability so that progress can be tracked and reported,” said Oyinkansola Owoyemi, Sustainability Director, Sunbeth Global Concepts.

Under the first pillar, Better Cocoa, SGC has committed to training 100,000 farmers in good agricultural and environmental practices by 2040, distributing one million hybrid cocoa seedlings across its sourcing regions, and establishing three regional cocoa quality testing hubs. In 2026 alone, over 60,000 hybrid seedlings will be distributed to farmers in SGC’s network.

The second pillar, Better Life, addresses the human dimension of the supply chain. SGC will implement a Child Labour Monitoring and Remediation System (CLMRS), committing to ensure that every child identified as being at risk receives and completes an approved remediation plan within twelve months of identification.

Beyond the crop, Orange Cocoa places equal weight on the welfare of the people behind it. For Oyinkansola, this is where the work is most human and most consequential. “You can invest in the finest planting materials and build a technically sound traceability system, but if the farmer on the other end of that system cannot afford to keep his children in school, then we must be honest with ourselves about what we are sustaining. Better Life is built around that honesty. Farmers who are economically stable, supported by their communities, and investing in their land are the ones who produce consistently and stay in the industry long term. Social impact and supply chain security are not separate goals – they are the same goal.”

Also read: https://brandspurng.com/2026/05/21/nigerias-petrol-import-fight-puts-pump-prices-and-supply-security-back-in-focus/

The third pillar, Better Planet, centres on environmental responsibility. SGC has pledged to plant 300,000 shade trees by 2040 to restore biodiversity and improve soil fertility across cocoa farms.

As an African-owned exporter sourcing directly from the communities it operates in, SGC’s approach to this framework carries a particular weight. Rather than designing sustainability strategy at a distance and implementing it through intermediaries, SGC is building Orange Cocoa from within the origin, with direct accountability to the farmers, cooperatives, and communities that form the foundation of its supply chain.

Orange Cocoa is also a strategic repositioning. The EU Deforestation Regulation places the burden of proof on exporters, requiring verified geolocation data, documented due diligence, and traceability to farm level. For exporters who have not invested in that infrastructure, it represents a genuine threat to market access. Orange Cocoa’s Better Planet pillar commits SGC to exactly the kind of digital traceability infrastructure the regulation demands, positioning Sunbeth ahead of these requirements, rather than in response to them. More broadly, the framework is designed to attract impact investors, unlock climate funding, and open access to premium markets and long-term contracts.

About Sunbeth Global Concepts Limited

Sunbeth Global Concepts is a global agro-commodities sourcing and trading company committed to empowering farmers and driving socio-economic impact through strategic partnerships, innovation, and industry expertise. Since its establishment in 2017, the company has built strong roots in the cocoa industry and continues to expand its influence across the broader agricultural value chain, delivering sustainable growth and trusted solutions to partners worldwide.

About Orange Cocoa

Orange Cocoa is Sunbeth Global Concepts’ long-term sustainability framework structured around three pillars: Better Cocoa, Better Life, and Better Planet. It sets out time-bound commitments across farmer training, child protection, community development, environmental restoration, and supply chain traceability, with targets through to 2050.

Nigeria’s Petrol Import Fight Puts Pump Prices And Supply Security Back In Focus

EBC Financial Group says Nigeria’s shift toward local refining may be judged by fuel availability, stock cover, price stability and clear import-backup rules.

LAGOS, 21 May 2026EBC Financial Group (EBC) notes that Nigeria’s petrol-import dispute has become a test of pump-price stability and supply security as Dangote Petroleum Refinery raises local output and marketers push to keep import licences available as a backup supply channel. Dangote has filed a fresh lawsuit challenging fuel import licences granted to marketers and Nigerian National Petroleum Company Limited (NNPC Limited), while marketers argue that imports remain needed to protect supply security and competition. The test for Nigeria is whether it can quickly cut petrol imports while maintaining stable fuel reserves, depot supply, trucking, pump prices, foreign exchange (FX) demand, and investor confidence.

Falling Imports Make Stock Cover the Key Market Test

Dangote Petroleum Refinery has changed Nigeria’s petrol supply balance by adding large-scale domestic refining capacity to a market that has relied heavily on imported refined fuel. The refinery has a nameplate capacity of 650,000 barrels per day, giving Nigeria its largest route for producing refined fuel locally rather than relying heavily on imported cargoes. That capacity can reduce shipping exposure, cut FX demand from refined-fuel imports and keep more refining activity inside Nigeria.

The shift away from imported petrol is already visible in Premium Motor Spirit (PMS) import volumes for January to April 2026, which fell from about 25 million litres per day in January 2026 to 3.7 million litres per day in April 2026 as local refining expanded, while PMS stock cover fell from 21.2 days in March to 17.7 days in April. Lower imports show progress toward local supply, but lower stock cover means the system has fewer days of stored petrol available if refinery output, depot loading or trucking slows.

According to Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) data, Dangote’s PMS production was placed at 53.6 million litres per day in April 2026, while domestic supply from the refinery reached 40.7 million litres per day, and imports fell to 3.7 million litres per day. The commercial issue is whether that output is reaching depots and filling stations fast enough to support daily demand, reduce regional shortages and limit extra trucking or storage costs.

Production is not the same as availability because petrol still must move through several physical and commercial steps before it reaches consumers. PMS must leave the refinery, enter depots, be loaded into trucks, reach filling stations and be sold to households and businesses. Any delay in refinery loading, depot release, truck allocation or station replenishment can raise waiting time, lift trucking charges, widen price gaps between cities and force marketers to tie up more working capital before sales are completed.

Import licences remain commercially important because imported cargoes can refill depots when local refinery supply or trucking delivery falls short. When domestic petrol is available and can move smoothly to filling stations, extra imports can add cost and weaken demand certainty for local refiners. When stock cover tightens or regional delivery falls behind consumption, imports can rebuild reserves and shorten replenishment cycles. The policy issue is who measures a shortage, what data proves it and when import licences are activated.

David Precious, Senior Market Analyst at EBC Financial Group, said, “Nigeria’s downstream fuel debate is moving from a question of refinery capacity to a question of market reliability. Local refining is a major structural gain, but the market still needs clear rules on when imports are allowed, how supply shortfalls are measured, and how fuel can move consistently from refinery gate to final consumer.”

Pump Prices Carry the Public Cost

The dispute is significant because petrol prices move through the wider economy, including transport fares, food distribution, generator costs, retail delivery and small-business margins. Local refining may reduce import dependence, but it does not automatically lower pump prices. Pump prices can still be shaped by crude costs, FX costs, prices charged as petrol leaves the refinery, depot margins, loading charges, trucking costs and competition between refiners, importers and marketers.

The price risk is sensitive because depot prices set the cost base for marketers before petrol reaches filling stations. Dangote’s ex-depot PMS price was recently reported at NGN 1,350 per litre, while the National Bureau of Statistics’ latest PMS price data put the average retail price at NGN 1,288.54. When wholesale or depot costs stay high, the pressure can move into pump prices, minibus fares, ride-hailing costs, food distribution, generator use, retail delivery and small-business operating costs.

Fuel also feeds into inflation through transport fares, food distribution, generator costs and retail operating expenses. Nigeria’s headline Consumer Price Index (CPI) inflation rate rose to 15.69% in April 2026 from 15.38% in March 2026, according to National Bureau of Statistics (NBS) report. If petrol supply becomes less predictable or depot prices rise, businesses face higher input costs and households face higher daily transport and food costs.

Local refining can reduce one source of demand for US dollars because fewer imported petrol cargoes may be needed. The full FX benefit depends on how crude oil is sourced, priced and supplied. If crude costs remain linked to the US dollar, imported crude is still required, shipping costs rise or refinery-gate prices follow international benchmarks, the currency benefit becomes more complex. The naira impact depends on crude supply, crude pricing, refinery output, domestic sales, exports and actual import reduction.

S&P Upgrade Raises the Stakes for Clear Rules

S&P Global Ratings (S&P) upgraded Nigeria’s long-term sovereign credit rating from B- to B, citing a stronger macroeconomic profile, higher oil production and prices, exchange-rate liberalisation and increased domestic refining capacity. That makes the import-licence dispute more visible to investors: if local refining reduces import demand while keeping petrol supply reliable, it supports the reform case; if unclear import rules or weak stock cover raise pump-price risk, investors may price the fuel market as a source of policy and inflation risk.

Also read: https://brandspurng.com/2026/05/21/paystack-rebuilds-its-dashboard-for-the-ai-era/

“The risk for Nigeria is not simply whether petrol is imported or refined locally,” Precious added. “The bigger issue is whether the transition can keep pump prices, fuel reserves and investor confidence stable at the same time.”

Clear rules matter because each part of the fuel chain needs certainty. Refiners need predictable domestic demand. Marketers need transparent import rules and reliable depot access. Trucking operators need loading schedules that reduce idle time and improve fleet use. Households and businesses need stable fuel supply to avoid unnecessary cost increases in transport, food, power generation and retail pricing.

Nigeria’s domestic refining expansion is a major shift, but the transition will be judged by outcomes rather than capacity alone. The real test is whether the country can reduce petrol imports while keeping stock cover adequate, pump prices manageable, distribution reliable and competition credible. If those conditions hold, local refining strengthens Nigeria’s wider economic reform case. If they weaken, the pressure moves from import terminals to refinery gates, depots, trucks and filling stations.

For more information, visit www.ebc.com.

Disclaimer: This material is for information only and does not constitute a recommendation or advice from EBC Financial Group and all its entities (“EBC”). Trading Forex and Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed your deposits. Before trading, you should carefully consider your trading objectives, level of experience, and risk appetite, and consult an independent financial advisor if necessary. Statistics or past investment performance are not a guarantee of future performance. EBC is not liable for any damages arising from reliance on this information.

About EBC Financial Group  

Founded in London’s esteemed financial district, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access a wide range of global markets and trading opportunities, including currencies, commodities, shares, and indices.

Recognised with multiple awards, EBC is committed to upholding ethical standards and these subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC); EBC Financial Group SA (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA).

At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.

As the Official Foreign Exchange Partner of FC Barcelona, EBC provides specialised services across Asia, LATAM, the Middle East, Africa, and Oceania. Through its partnership with United to Beat Malaria, the company contributes to global health initiatives. EBC also supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, helping to demystify economics and its application to major societal challenges, fostering greater public understanding and dialogue.

Paystack Rebuilds Its Dashboard For The AI Era

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New Dashboard introduces AI-powered Command Centre, giving merchants instant answers about their business performance

 

The launch marks a major evolution in how businesses interact with
Paystack.  For nearly a decade, the Paystack Dashboard has been the core
surface for monitoring transactions, managing settlements, reviewing
disputes, and running day-to-day payment operations for thousands of
merchants. As Paystack expanded its products and workflows, the
Dashboard grew more powerful, but more complex. Built on Pax,
Paystack’s internal design system, the redesigned Dashboard includes:

  • An AI-native Command Centre, embedded directly into the Dashboard — no
    separate chatbot or assistant, that allows businesses to ask questions
    in plain language and receive answers grounded in their own Paystack
    data,  as text, tables, or charts. The system combines GPT models,
    structured data retrieval, and visualisation tools to deliver responses
    in the most relevant format.
  • A simpler product architecture, with navigation reorganised into two
    core sections: Payments and Products, making it easier for merchants to
    find what they need and scale as Paystack’s offerings grow.
  • Full mobile parity, making every screen, feature, and action available
    on mobile as well as desktop. It also offers a dark mode feature.
  • Stronger analytics and clearer navigation built into the foundation of
    the product

“Businesses don’t come to their dashboard because they want to click
through pages. They come because they have questions,” said Dara
Assim-Ita, Senior Product Designer at Paystack, who led the rebuild. ”
Over the last decade, we have seen firsthand how much time merchants
lose navigating tools that were built to display data rather than
deliver answers. With this rebuild, we have changed that.  Merchants can
now simply ask ‘What happened with this transaction?’ or ‘Why is revenue
down this week?’ and get a direct answer. The goal is to make the
Dashboard feel less like a static reporting tool and more like an
intelligent command centre – one that helps  merchants understand
what’s happening, find what they need faster, and make better
decisions.”

Also read: https://brandspurng.com/2026/05/21/tinubu-orders-full-digital-transition-across-mdas-as-38-federal-ministries-adopt-paperless-e-workflow-system/

To support the experience, Paystack built a new service called Project
Canvas API, which handles conversations, connects to model providers,
and interfaces with existing Paystack systems. As the Dashboard handles
sensitive financial data, the system was built to ensure responses are
grounded in real merchant data and screened against safety and
compliance requirements before being returned. The company also worked
closely with its Data Protection and Privacy team, completed a Data
Protection Impact Assessment, and ran extensive adversarial testing
ahead of launch.

Dara Assim-Ita added: “We are at a point where artificial intelligence
is rapidly becoming integral to how businesses operate, and Paystack is
committed to being on that curve for our merchants. The most powerful
application of  AI disappears into the work people are already trying to
do, and that was the design principle behind this.”

The product direction was shaped by merchant research, including tree
testing and direct feedback on how businesses expect to find
information. This release focuses on core payments modules, with more
Paystack products expected to move into the new architecture over time.

The new Paystack Dashboard is available to merchants today via
dashboard.paystack.com/v2 [3]. Businesses can share feedback or ask
questions by contacting support@paystack.com.

Paystack Rebuilds Its Dashboard For The AI EraPaystack Rebuilds Its Dashboard For The AI EraPaystack Rebuilds Its Dashboard For The AI Era