PalmPay Expands Financial Inclusion Drive For Women Traders In Kano And Kaduna

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PalmPay Expands Financial Inclusion Drive For Women Traders In Kano And Kaduna

PalmPay has intensified efforts to deepen financial inclusion in Northern Nigeria through a grassroots digital banking initiative targeted at women entrepreneurs operating across major commercial markets in Kano and Kaduna states.

The fintech company disclosed that more than 2,000 women traders have benefited from the programme, which focused on improving financial literacy, expanding access to digital banking services and supporting small-scale business growth within informal market clusters.

According to Brandspur Banking News Desk, the initiative was implemented at Sabon Gari Market in Kano and the Central Market in Kaduna, where female traders received hands-on training on digital financial management, cash flow monitoring and modern payment solutions designed to improve daily business operations.

The programme comes amid growing concerns over the financial exclusion gap affecting millions of women across Nigeria. Industry data continues to show that a significant number of women entrepreneurs, particularly in informal markets, remain outside the formal banking system and heavily dependent on cash-based transactions.

PalmPay said the intervention was designed to simplify digital banking adoption for market women involved in the sale of textiles, grains, spices, household products and other consumer goods. The company noted that many small traders continue to face operational challenges linked to poor financial record keeping, delayed transfer confirmations, cash handling risks and limited access to structured financial services.

As part of the initiative, participants were trained on how to separate personal spending from business finances, calculate profit margins, manage inventory budgets and improve financial planning for business sustainability. The programme also introduced traders to PalmPay POS terminals and instant transaction notification systems aimed at improving transparency and payment efficiency.

Also read: https://brandspurng.com/2026/05/21/kenyan-high-court-freezes-vodacom-bid-to-take-majority-control-of-safaricom/

The digital banking campaign received support from Muhammadu Sanusi II, whose endorsement helped strengthen awareness and acceptance of the initiative among traders and local business communities within the region.

PalmPay stated that the programme is already helping women entrepreneurs transition from informal cash-based operations to more structured digital financial systems capable of improving transaction security and long-term business growth.

The company further stressed that empowering women-led businesses carries wider economic benefits because many female traders serve as primary income earners and financial providers within their households and local communities.

Financial inclusion experts have consistently identified Northern Nigeria as one of the regions with the widest gender gaps in access to formal banking services. Analysts say increased access to digital financial tools and financial literacy programmes could significantly improve economic productivity, business expansion and poverty reduction among underserved populations.

The initiative also aligns with broader national efforts to accelerate digital banking adoption and strengthen financial participation among women-owned businesses as fintech companies continue expanding services beyond urban centres into grassroots commercial markets across Nigeria.

Kenyan High Court Freezes Vodacom Bid To Take Majority Control Of Safaricom

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Kenyan High Court Freezes Vodacom Bid To Take Majority Control Of Safaricom

The Vodacom Group plan to increase its ownership stake in Safaricom Plc beyond 50 percent has been temporarily halted after Kenya’s High Court issued orders suspending the controversial transaction pending the outcome of constitutional petitions challenging the deal.

A three-member judicial panel comprising Justices Francis Gikonyo, Roselyne Aburili and Tabitha Ouya ruled that the proposed acquisition raises major constitutional concerns relating to national security, public participation, data sovereignty and the management of public assets.

According to Brandspur Banking News Desk, the court directed that both Safaricom and Vodacom must maintain the existing ownership structure until the legal challenges are fully heard and determined, effectively delaying one of Kenya’s most significant telecommunications and privatisation transactions.

The judges stated that the disputed shares involve public assets held on behalf of Kenyan citizens and therefore cannot be treated as an ordinary private commercial transaction exempt from constitutional scrutiny. The court further maintained that concerns over investor confidence should not override constitutional obligations and judicial oversight.

Also read: https://brandspurng.com/2026/05/21/nigeria-launches-digital-tax-complaint-platform-to-boost-revenue-collection-and-taxpayer-trust/

The legal dispute emerged after the Kenyan government approved plans for Vodacom to acquire an additional 15 percent stake in Safaricom, a move that would push the South African telecom giant’s ownership above majority control level. Kenya’s Parliament had earlier endorsed the proposed transaction before opposition leaders and private petitioners moved to challenge the decision in court.

Opposition politician Kalonzo Musyoka was among those who filed legal action against the transaction, arguing that the sale raises serious questions about national interest, public accountability and foreign control over strategic digital infrastructure.

The High Court also rejected attempts by Vodafone Group and Vodacom to remove themselves as respondents in the case, reinforcing the judiciary’s position that the transaction requires comprehensive constitutional examination.

Safaricom remains Kenya’s largest telecommunications company and one of East Africa’s most profitable corporate entities, controlling a dominant share of the country’s mobile communications and digital payments market through its widely used M-Pesa financial platform. Analysts say any ownership restructuring involving the company carries significant economic and political implications across the region.

Vodacom, which operates across multiple African markets including South Africa, Tanzania, Mozambique and the Democratic Republic of Congo, has been seeking to consolidate its regional telecommunications footprint through increased control of Safaricom as competition intensifies within Africa’s fast-growing digital economy.

Industry observers believe the court’s decision could delay the completion timeline for the transaction and introduce additional regulatory uncertainty surrounding foreign investment in strategic sectors within Kenya. Legal analysts also note that the final ruling may establish a broader precedent for future privatisation and foreign ownership disputes involving state-linked assets in East Africa.

The case is expected to proceed to a full constitutional hearing in the coming months as stakeholders await further judicial clarification on the legality and structure of the proposed Safaricom stake sale.

Nigeria Launches Digital Tax Complaint Platform To Boost Revenue Collection And Taxpayer Trust

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Nigeria Launches Digital Tax Complaint Platform To Boost Revenue Collection And Taxpayer Trust

The Nigeria government has unveiled a new digital tax complaint system aimed at strengthening transparency, accelerating dispute resolution and improving confidence in the country’s evolving tax administration framework.

The newly introduced platforms include an official Tax Ombud website, a toll-free customer support centre and a digital complaint management portal designed to simplify interactions between taxpayers and revenue authorities while reducing delays in handling tax-related disputes.

According to Brandspur Banking News Desk, the digital initiative forms part of Nigeria’s broader tax reform agenda focused on modernising revenue administration, expanding the tax base and reducing the country’s long-standing dependence on crude oil earnings.

The Tax Ombud office was established under Nigeria’s recent tax reform programme as an independent institution responsible for protecting taxpayer rights, resolving complaints and mediating disputes involving tax authorities and businesses. Government officials said the digital rollout is expected to improve accessibility and strengthen public confidence in the nation’s tax governance system.

Minister of Information and National Orientation Mohammed Idris Malagi described the new digital tools as part of the federal government’s commitment to building a more transparent, accountable and efficient tax administration structure capable of supporting long-term economic growth.

Authorities believe the upgraded system will encourage greater compliance among businesses and individuals by simplifying the complaint process and ensuring faster resolution of disputes that previously discouraged voluntary tax participation.

The latest reforms come as President Bola Ahmed Tinubu continues a sweeping overhaul of Nigeria’s tax and fiscal framework aimed at increasing non-oil revenue generation and improving government finances.

Also read: https://brandspurng.com/2026/05/21/wema-bank-targets-tier-one-banking-status-as-profit-surges-to-n221-9-billion/

In June 2025, the administration signed several major tax reform laws into effect, including the Nigeria Tax Act and the Nigeria Tax Administration Act, both of which became operational on January 1, 2026. The reforms introduced significant changes to corporate taxation, including an increase in capital gains tax from 10 percent to 30 percent and the introduction of a 15 percent minimum effective tax rate for large corporations and multinational companies operating in the country.

Nigeria’s tax authorities have set an ambitious target of generating N40 trillion in tax revenue during the 2026 fiscal year as part of efforts to strengthen public finances, fund infrastructure development and reduce pressure on oil-dependent government earnings.

Economic analysts say the success of the digital Tax Ombud platform could play a major role in improving compliance rates and rebuilding trust between taxpayers and government institutions, particularly at a time when authorities are intensifying efforts to widen the national tax net and formalise more segments of the economy.

Wema Bank Targets Tier-One Banking Status As Profit Surges To N221.9 Billion

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Wema Bank Targets Tier-One Banking Status As Profit Surges To N221.9 Billion

Wema Bank Plc has unveiled an aggressive growth strategy aimed at elevating the lender into Nigeria’s tier-one banking category as the bank continues to post record-breaking financial performance and strengthen its capital position.

Speaking during the bank’s Annual General Meeting in Lagos, Managing Director and Chief Executive Officer Moruf Oseni said the financial institution is deliberately positioning itself to compete with Nigeria’s largest banking groups through sustained profitability growth, digital expansion and strategic investments.

According to Brandspur Banking News Desk, the lender’s management also hinted at possible acquisition opportunities as part of its long-term expansion drive, with executives stressing the need to preserve sufficient capital for future strategic transactions capable of accelerating Wema Bank’s market position.

The bank’s profit growth has emerged as one of the strongest in Nigeria’s banking industry over the last three years. Wema Bank grew profit from N42 billion to N102.5 billion before reaching N221.9 billion in the 2025 financial year, reflecting a near fivefold increase within the period.

Management described the earnings trajectory as evidence of deliberate institutional rebuilding and operational transformation carried out over several years. The bank also reaffirmed its commitment to maintaining dividend payments to shareholders while balancing expansion ambitions and capital preservation priorities.

Executives told shareholders that part of the newly raised capital would be channelled into expanding the bank’s loan portfolio through quality risk assets capable of delivering stronger long-term returns. The lender also plans to deepen investments in digital banking infrastructure and cybersecurity systems amid rising financial technology competition and increasing cybercrime threats across the banking sector.

Wema Bank said its digital expansion strategy remains central to its long-term growth ambitions, particularly through customer-facing technology platforms designed to strengthen engagement and improve banking accessibility nationwide. The bank has continued to leverage its digital banking products to attract younger customers and grow retail transaction volumes.

The lender also signalled plans to expand its national branch network using what management described as a “follow the money” strategy, focusing on commercially active locations and high-growth economic corridors instead of broad nationwide expansion without profitability considerations.

Board Chairman Oluwayemisi Olorunshola noted that 2025 marked the bank’s 80th anniversary as Nigeria’s oldest surviving indigenous bank, describing the milestone as an opportunity to reaffirm the institution’s commitment to building a future-ready financial services group.

Also read: https://brandspurng.com/2026/05/21/dangote-refinery-ipo-targets-historic-5-billion-raise-as-africas-biggest-public-listing-nears/

Wema Bank’s audited financial statement for the 2025 financial year showed profit before tax climbed by more than 116 percent to N221.8 billion, supported largely by strong interest income growth from loans, advances and investment securities.

Interest income rose sharply to N576 billion from N354.6 billion recorded in the previous year, while earnings per share increased to N7.12 from N4.83. Total assets also expanded significantly to N5.07 trillion, with loans and advances to customers accounting for N1.7 trillion of the balance sheet.

Despite the strong growth momentum, the bank still trails Nigeria’s tier-one banking giants by a considerable margin. Zenith Bank Plc reported more than N1 trillion profit for the 2025 financial year, while Guaranty Trust Holding Company Plc posted N865 billion earnings during the same period. Analysts say Wema Bank may require several more years of sustained high-growth performance or a transformational acquisition to fully bridge the gap with the country’s biggest lenders.

Shareholders at the AGM approved all resolutions presented by the board, including a dividend payout of N1.25 per share, the appointment of Engr. Wilson Agu as Independent Non-Executive Director, and the re-election of retiring directors alongside members of the statutory audit committee.

Dangote Refinery IPO Targets Historic $5 Billion Raise As Africa’s Biggest Public Listing Nears

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Dangote Refinery IPO Targets Historic $5 Billion Raise As Africa’s Biggest Public Listing Nears

The planned public listing of Dangote Petroleum Refinery is gathering momentum ahead of what could become the largest initial public offering ever recorded on the African continent, with the energy giant targeting a capital raise of about $5 billion through a sale of up to 10 percent equity stake.

The refinery, located in the Lekki Free Zone in Lagos, is currently valued between $40 billion and $50 billion by market analysts and investment insiders. At that valuation, the transaction would surpass every previous IPO completed on African stock exchanges, potentially transforming the scale and liquidity of Nigeria’s capital market.

Designed as a pan-African offering, the IPO is expected to list primarily on the Nigerian Exchange Main Board while exploring opportunities for cross-border participation through additional African exchanges. The public subscription window is projected to open in the second half of 2026, with institutional demand already accelerating ahead of the formal launch.

According to Brandspur Banking News Desk, the private placement stage has reportedly attracted nearly $2 billion in preliminary commitments from institutional investors and high-net-worth participants seeking exposure to Africa’s largest refining project. The company is also structuring the offer to prioritise retail investors and local participation in order to broaden domestic ownership.

The 650,000 barrels-per-day facility has rapidly become one of the most strategically important industrial assets in Africa since commencing operations. Market observers say the refinery has significantly reduced Nigeria’s dependence on imported petroleum products by supplying diesel, aviation fuel and petrol into both local and regional markets.

Beyond fuel refining, the business has evolved into a broader petrochemical and industrial powerhouse. The company produces polypropylene and other petrochemical materials used in plastics manufacturing, industrial packaging and consumer goods production across African markets. Analysts say these additional revenue streams are central to the refinery’s aggressive valuation target.

Also read: https://brandspurng.com/2026/05/21/standing-with-young-learners-ebc-supports-isolo-junior-secondary-school-in-lagos/

The refinery has also expanded export operations into multiple African countries including Ghana, Cameroon, Togo and Tanzania, while jet fuel exports to Europe have increased sharply amid global supply disruptions. Industry reports indicate that the facility now supplies a dominant share of Nigeria’s petrol demand and continues to strengthen its regional market influence.

A major attraction for prospective investors is the proposed dual-currency dividend structure being discussed for the listing. While shares are expected to be purchased in Nigerian naira, dividend payments may be distributed in United States dollars, a strategy designed to provide investors with some protection against foreign exchange volatility.

Nigeria’s pension regulator, the National Pension Commission, has already introduced a special waiver allowing Pension Fund Administrators to participate in the IPO despite the refinery not meeting some traditional listing requirements tied to profitability history and dividend records. Regulators described the move as a one-off concession due to the refinery’s strategic national importance.

The scale of the transaction has drawn comparisons with some of Africa’s most notable capital market events. The current record for the continent’s largest completed IPO remains Steinhoff Africa Retail, which raised approximately $1.2 billion on the Johannesburg Stock Exchange in 2017. Other landmark listings include Safaricom in Kenya and MTN Nigeria on the Nigerian Exchange.

Investment analysts believe the Dangote transaction could redefine the perception of African capital markets globally by demonstrating that mega industrial assets can successfully attract both domestic and international investor capital at unprecedented scale. Discussions surrounding the offer have already triggered widespread debate among retail investors and financial communities across Nigeria regarding valuation, timing and long-term growth potential.

China, ASEAN launch business and trade information platform in South China’s Nanning

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China, ASEAN launch business and trade information platform in South China’s Nanning
NANNING, CHINA – Media OutReach Newswire – 21 May 2026 – The China-ASEAN Business and Trade Information Platform was officially launched in Nanning, Guangxi Zhuang Autonomous Region on Tuesday.

A sub-forum themed international exchange and mutual learning of cyber civilization at the 2026 China Internet Civilization Conference is held in Nanning, Guangxi Zhuang Autonomous Region, May 19, 2026. (Photo: China News Service/Li Taiyuan)

The platform offers comprehensive information services and an international communication platform to support economic and trade cooperation between China and ASEAN countries.

Built and operated by China News Network, the official website of China News Service, the platform serves as ASEAN trade agencies, industry associations, overseas Chinese communities, and cross-border enterprises, providing one-stop trade information services.

China News Service will leverage its strengths to build the China-ASEAN Business and Trade Information Platform into an influential and dynamic communication channel that promotes information sharing and provides services, to facilitate trade and people-to-people exchanges between China and ASEAN countries.

Currently, a trade information network between China and ASEAN countries has been built, with key content covering policy explanations, market conditions, investment promotion, business cooperation, and industry analysis, to comprehensively support cross-border trade activities.

Prior to the platform’s launch, representatives from government departments, media outlets, research institutes, and universities in China and multiple ASEAN countries participated in discussions on economic and trade information exchange between China and ASEAN countries, as well as the development of the platform.

Consular officials from ASEAN member states including Cambodia, Myanmar, and Vietnam, stationed in Nanning expressed their hopes for enhancing China-ASEAN economic and trade connectivity as well as people-to-people ties through information sharing.

Against the backdrop of the signing of the China-ASEAN Free Trade Area 3.0 Upgrade Protocol, the platform serves as an information bridge for expanding cooperation, promoting trade, enhancing industrial upgrade, and achieving mutual benefits and win-win outcomes, they said.

They hope that the platform will play a greater role in trade facilitation and logistics services, empowering micro, small and medium-sized enterprises (MSMEs), and investment policies and regulatory measures, while helping share cooperation stories between China and ASEAN countries.

Hashtag: #Nanning

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

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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

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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 and “The Story of Andamanda“–a 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

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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 Transformation” stream 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.

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  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

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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

Media Outreach
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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

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

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