KUALA LUMPUR, Malaysia, July 7, 2026 /PRNewswire/ — Hoymiles announced a strategic partnership with TAMCO, a well-established power infrastructure solutions provider in Malaysia, to support the development of the country’s future energy infrastructure. This collaboration combines Hoymiles’ globally deployed energy storage technologies with TAMCO’s six decades of local industrial expertise, marking another significant step in Hoymiles’ utility-scale energy storage sector as well as its expansion across Southeast Asian markets. Top executives from both sides and representatives from Malaysian Investment Development Authority (MIDA) attended the signing ceremony.
Hoymiles and TAMCO announce a strategic partnership to advance energy storage in Malaysia
For the first phase of the collaboration, TAMCO will locally assemble Hoymiles’ AI-empowered 5MWh and 6MWh liquid-cooled utility-scale BESS solutions at its BR2 facility in Shah Alam. By combining Hoymiles’ globally proven energy storage technologies with TAMCO’s extensive engineering expertise and local manufacturing capabilities, the partnership will make advanced energy storage solutions more accessible to the local market and provide comprehensive support for utility-scale projects across Malaysia.
In addition to local assembly, the partnership also includes system integration, testing, commissioning, servicing and long-term maintenance, ensuring a comprehensive local delivery and lifecycle support framework for utility-scale energy storage projects.
“Our partnership with Hoymiles represents an important step in expanding the solutions we deliver while strengthening the engineering expertise and technical capabilities needed for the country’s future energy infrastructure,” said Wong Jun Pin, Chief Executive Officer of TAMCO Switchgear (Malaysia) Sdn. Bhd.
Stressing the importance of trusted local partnerships in the success of advanced energy solutions, Dr. Zhao Yi, Chief Technology Officer and Vice President of Hoymiles, said, “Malaysia has built a strong foundation for the future of energy, and TAMCO’s engineering expertise and deep understanding of the local operating environment make them an ideal partner to translate our global experience into solutions that deliver value locally.”
Sherulanuar Abd. Karim, Director of Malaysian Investment Development Authority (MIDA) noted that the collaboration demonstrates how international partnerships can strengthen Malaysia’s industrial capabilities while supporting the country’s clean energy transition.
Malaysia is one of Southeast Asia’s fastest-growing renewable energy markets and a key market in Hoymiles’ regional energy storage strategy. In recent years, Hoymiles has continued to strengthen its local presence through a series of landmark solar-plus-storage projects.
Building on this partnership, Hoymiles and TAMCO will work together on technology exchange, talent development and localization initiatives, supporting Malaysia’s energy infrastructure development and long-term energy transition.
BIRMINGHAM, England, July 7, 2026 /PRNewswire/ — Healome Therapeutics (“Healome”), a University of Birmingham spinout developing a proprietary eye-drop matrix technology for ocular surface diseases, has closed a GBP£2 million oversubscribed seed financing round led by Empirical Ventures, with participation from DEBRA Research, Cure EB, Oshen Bio and existing investor SFC Capital. Proceeds will support pre-clinical development, manufacturing scale-up, regulatory engagement with the MHRA and FDA, and progression toward first-in-human studies expected in 2027.
The problem: poor retention limits eye-drop effectiveness
Conventional eye drops clear from the ocular surface in minutes, driving dosing regimens of up to 20 times per day and contributing to treatment adherence rates as low as 20% in chronic-use populations. Dry eye, the most well-known ocular surface condition, has an estimated global market size of USD$5 billion and affects over 350 million people. The broader ocular surface disease opportunity exceeds USD$12 billion across multiple indications.
The Healome solution: structured polymers, longer residence time
Healome’s eye-drop matrix behaves like a liquid when dropped on the eye, then restructures to form a clear, lubricating and protective matrix. The platform can deliver a range of drugs, from small molecules to complex biologics, and has been used to deliver an anti-scarring biologic drug in a standard pre-clinical model of severely injured and infected corneas, resulting in rapid corneal healing with minimal side-effects.
The platform is being developed for dry eye disease, ocular surface inflammation, corneal injury, rare diseases associated with severe ocular surface damage and chronic drug delivery. Healome holds five patent families covering the underlying matrix architecture, which is built on established pharmaceutical- and food-grade polymers structured into proprietary architectures, avoiding complex chemical modifications that can create manufacturing or regulatory issues.
EB is a rare genetic condition affecting approximately 500,000 people globally, of whom an estimated 5-20% experience ocular complications including chronic pain and recurrent corneal abrasions with a high risk of sight-threatening scarring. The unmet needs of patients and families living with EB were highlighted in the Netflix documentary Matter of Time. Investment from DEBRA Research and Cure EB will support Healome’s work on EB-associated ocular complications.
Founding team and origin
Healome was co-founded by Professor Liam Grover, Professor Tony Metcalfe, Dr Richard Moakes and Dr Richard Williams who serves as CEO. The team combines over 80 years’ experience across biomaterials, regenerative medicine and drug development, with six peer-reviewed publications underpinning research that originated at the University of Birmingham’s Healthcare Technologies Institute.
Richard Williams, CEO of Healome Therapeutics, said:
“Using our matrix to extend residence time of novel and existing therapeutics opens the door to reduced dosing, better adherence and ultimately improved outcomes across a range of indications. This financing lets us drive the platform toward the clinic.”
Johnathan Matlock, Co-Founder and General Partner at Empirical Ventures, said:
“Healome targets a quantifiable bottleneck – drug residence time on the ocular surface – with a manufacturing-friendly approach built on well-characterised polymers. The approach and the data, demonstrating how the team are building upon this to unlock further therapeutic value on the eye, is what convinced us this is a category-defining platform rather than an incremental formulation play, with credible read-across from dry eye through to rare ocular diseases.”
Dr. Christoph Coch, MD, Managing Director at DEBRA Research, said:
“For many people living with EB, the condition not only affects the skin but also the eyes. Blistering and wounds can occur spontaneously or be triggered by friction, dryness or irritation, often leading to severe pain, impaired vision and a significant impact on daily life. As there are currently no specific treatments for these ocular complications, we look forward to supporting Healome in their effort to develop patient-friendly and effective therapeutic approaches in this area. With this investment, we are continuing our commitment to accelerate the development of treatments that address the urgent unmet needs of people living with EB.”
Key facts
Company: Healome Therapeutics
Founded: 2021
Headquarters: Birmingham, United Kingdom
Sector: Ophthalmology/ocular drug delivery
Founders: Prof. Liam Grover, Prof. Tony Metcalfe, Dr. Richard Moakes, Dr. Richard Williams
Amount raised: £2,000,000 (oversubscribed)
Lead investor: Empirical Ventures
Participating investors: DEBRA Research, Cure EB, Oshen Bio, SFC Capital
First-in-human target: 2027
Intellectual property: Patents granted in Japan and South Korea; pending in all major markets
About Healome Therapeutics
Healome Therapeutics is a UK ophthalmology company developing a platform eye-drop matrix technology aiming to improve retention, lubrication, protection, healing and drug delivery on the ocular surface. www.healometx.com
About Empirical Ventures
Empirical Ventures is a UK venture capital firm investing in science-led companies with the potential for significant societal and commercial impact – from climate change and resource scarcity to accessible healthcare. www.empiricalventures.vc
About DEBRA Research
DEBRA Research funds and accelerates research aimed at delivering effective treatments for Epidermolysis Bullosa, a rare and painful genetic skin condition. www.debra-research.org
About Cure EB
Cure EB supports the development of therapies and technologies aimed at improving the lives of patients living with Epidermolysis Bullosa. www.cure-eb.org
About Oshen Bio
Oshen Holdings SA is a European-based family office investing in medtech and biotech companies with early-stage to market-ready technologies to improve longevity, quality of life and global health outcomes. www.oshenbio.com
About SFC Capital
SFC Capital is a UK early-stage investment firm providing seed capital and support to promising British startups. www.sfccapital.com
This photo is used for representational purpose only.
Authorities in Champasak signed a concession agreement on 3 July with a private company to develop a 5-megawatt (MW) solar power project in Pathoumphone district.
The project forms part of Laos’ efforts to expand renewable energy, improve electricity supply in rural areas, and strengthen the national power grid.
Xaysomboun Chaloensub Road-Bridge Construction and Mining Company will develop the facility in Namphak village, covering 62,668 square meters.
The company will invest USD 2.5 million in the project under a 25-year concession and began construction immediately after the agreement was signed.
The project is the latest in Laos’ expanding solar energy program. As of late 2025, Electricité du Laos (EDL) was advancing 12 large-scale solar projects nationwide with a combined installed capacity of 680 MW.
Government officials said small-scale solar projects will be prioritized across the country in 2026 to strengthen local electricity supply and support the continued growth of the renewable energy sector.
Latest of a Series of Solar Projects
In late April, authorities approved the 5-MW Fangdaeng solar project in Champasak’s Phonthong district. Phonthong Solar Company is developing the USD 2 million project under a Build-Own-Operate model and will connect it to Laos’ 22-kilovolt grid.
Meanwhile, neighbouring Salavanh Province is developing a 9.5-MW solar project across three districts. Led by VS Solar One Co., Ltd., construction began on 29 May and is expected to finish by the end of 2026.
Only a few months earlier, in February, Laos’ state electricity enterprise signed an agreement with a South Korean private company to study the development of a 100-megawatt solar power project in Oudomxay Province.
Planned for Namhin Reservoir in Xay district, the project would generate around 160 gigawatt-hours of electricity annually, supplying the equivalent of about 100,000 households, with most power exported to Vietnam.
The new planned projects follow the launch of Laos’ largest solar farm in Oudomxay in late 2025, reinforcing the country’s growing role as a renewable energy hub serving regional electricity markets.
Formula E Season 12 accelerates global expansion and sustainability milestones as DHL delivers precision logistics behind one of the world’s most complex sporting championships
Battery logistics takes center stage off track as electrification drives new supply chain demands
SHANGHAI, CHINA – Media OutReach Newswire – 7 July 2026 – As the ABB FIA Formula E World Championship returns to Shanghai for the 2025/2026 Season, the world’s premier all-electric racing Championship accelerates into its most ambitious chapter yet with a record 17 races across 11 global cities, including new circuits in Madrid and Miami.
ABB FIA Formula E World Championship returns to Shanghai for the 2025/2026 Season
Underscoring its commitment to sustainability and transparency, Formula E has also recently become the first global sport to achieve B Corp Certification, a globally recognised designation awarded to companies that meet high standards of social and environmental performance, accountability, and transparency. “Achieving B Corp Certification is a defining milestone for Formula E and reinforces our mission to drive sustainable innovation both on and off the track,” said Barry Mortimer, Paddock and Logistics Director, Formula E. “It reflects our commitment to operating responsibly as we continue to push the boundaries of electric mobility and sustainable sport on a global stage.” DHL Powers the Global Movement of Formula E
Behind the high-speed action lies a complex global logistics operation. DHL, the Official Founding and Official Logistics Partner of the ABB FIA Formula E World Championship since 2013, plays a critical role in moving the Championship seamlessly across continents, ensuring that every race is delivered with precision, efficiency and sustainability.
Each race in this season requires the transport of approximately 400 metric tons of freight, including 21 electric race cars, charging infrastructure, broadcast equipment, and critical power systems, all orchestrated through tightly coordinated multimodal solutions spanning air, ocean, rail and road.
In the lead-up to the 2026 Shanghai E-Prix, DHL executed a three-day multimodal journey from Sanya, combining ferry and road transport. This required extensive planning and documentation to ensure full compliance across multiple transport regulations, highlighting the precision and intricate choreography required to meet unmovable race-day deadlines.
Battery Logistics at the Heart of Electrified Racing
Beyond motorsport, this partnership shines a spotlight on one of the fastest-growing and most complex areas of global trade: battery logistics. As electrification accelerates worldwide, the safe and compliant transport of lithium-ion batteries has become mission-critical and increasingly challenging.
Formula E offers a vivid real-world example. Each race involves transporting approximately 31 high-performance batteries, each weighing around 400kg—far exceeding typical consumer battery thresholds and classified as regulated dangerous goods. Their transport requires strict adherence to international regulations, including IATA and ICAO standards, covering specialized packaging, state-of-charge restrictions, certified handling procedures, and multiple layers of regulatory approvals from airlines and authorities.
The complexity is further amplified by varying customs requirements of different countries and cities, and stringent transport conditions across different modes. From certified aluminum containment units and non-stackable packaging to detailed documentation and risk classification requirements, every step demands precision and deep expertise.
“Every Formula E race may look seamless on track, but behind the scenes it is a highly complex logistics operation—especially when it comes to transporting lithium-ion batteries safely across borders,” said Federico Cavani, Head of Motorsports Italy, DHL Global Forwarding. “These are regulated dangerous goods that require meticulous planning, strict compliance with global standards, and specialized handling at every stage. Our partnership with Formula E showcases how advanced battery logistics can be executed safely at scale, and reflects the same challenges DHL customers face as electrification accelerates globally.” China: The Engine Driving Global Battery Supply Chains
China has emerged as the undisputed hub of the global battery ecosystem, underpinning the rapid growth of electrification worldwide. In 2025, global electric vehicle battery deployment reached 1.2 terawatt-hours (TWh), with China accounting for around 60% of the total, reinforcing its position as the largest and most dynamic market. Beyond demand, China also leads across the manufacturing value chain. The country produces over 70% of the world’s lithium-ion batteries, with some estimates placing its share at more than three-quarters of global output in 2025.
The ability to move batteries safely, compliantly, and efficiently—both within China and across international markets—has thus become a critical differentiator.
“DHL Global Forwarding China partners with several of the world’s leading battery manufacturers, providing end-to-end battery transportation solutions across the entire logistics value chain. The company also supports the rapidly growing energy storage logistics sector, helping customers better manage and optimize their energy storage supply chains. Each year, we handle more than 10,000 TEUs of batteries and battery-related materials exported from China, with shipments destined for major markets such as the United States and Europe,” said Stephen Zhang, Vice President, Ocean Freight, Greater China, DHL Global Forwarding.
As global supply chains evolve alongside the energy transition, DHL’s role extends far beyond the racetrack. From supporting EV and battery ecosystems to enabling resilient, compliant and sustainable logistics solutions, the company continues to power the shift toward a low-carbon future—one race, and one shipment at a time.
DHL Group has made significant investments in its New Energy capabilities under its Strategy 2030: Accelerating Sustainable Growth. Through DHL New Energy Logistics, a sector brand driving electrification and the energy transition, the company delivers end-to-end solutions across the full value chain, spanning wind, solar, EVs and batteries, BESS, charging, grid infrastructure, alternative fuels, and hydrogen. Leveraging a global network covering more than 220 countries and territories and supported by over 20 DHL EV Centers of Excellence and a dedicated team of trained dangerous goods specialists, DHL ensures high-sensitivity cargo moves safely, compliantly, and on time. Hashtag: #DHL
The issuer is solely responsible for the content of this announcement.
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
Creating a More Accessible Racing Pathway for Young Hong Kong Drivers to Progress Towards the Asian and International Motorsport Stage
Event to be Held at Guangzhou Conghua International Circuit on 15 (Sat) – 16 (Sun) August 2026
HONG KONG SAR – Media OutReach Newswire – 7 July 2026 – China Hong Kong Motorsports Centre (“CHKMC”) is pleased to announce the launch of HK Youth Karting Championship 2026, a new karting championship scheduled to take place on 15 (Sat) – 16 (Sun) August 2026 at Guangzhou Conghua International Circuit.
The championship is designed for Cadet (age 8-12, 60cc) and Junior (age 12-17, 125cc) Racer holding Competition License (Karting) issued by HKAA. Through this initiative, CHKMC aims to provide young drivers with a structured, professional and more accessible racing platform, allowing them to gain valuable race experience and build a stronger foundation for future participation in Asian and international-level competitions.
HK Youth Karting Championship 2026 represents an important step in CHKMC’s long-term vision to support the development of youth motorsport in Hong Kong and the Greater Bay Area. Led by Head Coach Chester Lam, he has previously trained three young drivers who went on to become overall champions in Asian racing series, together with CHKMC’s owners and management team, the centre is committed to creating a more sustainable pathway for young drivers who aspire to progress in motorsport.
CHKMC recognises that the cost of actual racing training, equipment, track practice and race participation can often be a significant barrier for young talents and their families. Through the HK Youth Karting Championship, CHKMC hopes to make competitive karting more achievable by offering a high-quality race experience at a fair and more affordable entry cost, while maintaining professional standards in training, preparation and competition.
The championship will be held at Guangzhou Conghua International Circuit, which features a 1.2km main track with 14 corners. The venue provides a challenging and professional environment for young drivers to develop essential racing skills, including race craft, cornering techniques, overtaking judgement, track awareness, decision-making and mental resilience under real race conditions.
HK Youth Karting Championship 2026 is supported by IAME Series Asia, further strengthening the event’s professional credibility and regional development pathway. The champion of each Cadet and Junior category may receive an entry ticket / support for IAME Asia Final 2026 in Macau, offering young Hong Kong drivers a valuable opportunity to progress from local training and championship racing towards the wider Asian motorsport stage.
A representative of China Hong Kong Motorsports Centre said:
“HK Youth Karting Championship 2026 is more than just a race event. It is part of our commitment to building a clear and realistic development pathway for young drivers in Hong Kong. Under the guidance of our Head Coach Chester Lam, and with the support of our owners and management team, CHKMC hopes to provide young talents with professional training, real race experience and a more accessible route towards higher-level motorsport competition. We believe Hong Kong has many young drivers with great potential, and our mission is to help them take the next step towards Asia and beyond.”
Early Bird Registration Now Open
Early bird registration for HK Youth Karting Championship 2026 is now open. Places are limited and available on a first-come, first-served basis.
Early Bird Fee*: HK$16,380 Cadet (age 8-12, 60cc) / HK$18,380 Junior (age 12-17, 125cc) Original Fee*: HK$17,880 Cadet (age 8-12, 60cc) / HK$19,880 Junior (age 12-17, 125cc) Early Bird Deadline: 26 July 2026 Event Period: 15-16 August 2026 Venue: Guangzhou Conghua International Circuit Eligibility: HKAA Competition License (Karting) Holders
Event Highlights
Professional Race Experience The championship will be hosted at Guangzhou Conghua International Circuit, featuring a 1.2km main track with 14 corners.
Supported by IAME Series Asia HK Youth Karting Championship 2026 is supported by IAME Series Asia, providing a stronger connection to regional motorsport development.
IAME Asia Final 2026 Macau Opportunity The champion of each Cadet and Junior category may receive an entry ticket / support for IAME Asia Final 2026 in Macau.
Designed for Young Drivers The championship is designed for HKAA competition permit holders in the Cadet and Junior categories who are ready to gain real racing experience.
More Accessible Racing Platform CHKMC aims to offer a fair, more affordable and sustainable competition platform for young drivers and their families.
Pathway Towards Asia and Beyond The event supports young Hong Kong drivers in building the experience, confidence and race discipline required for higher-level competition.Hashtag: #ChinaHongKongMotorsportsCentre
The issuer is solely responsible for the content of this announcement.
About China Hong Kong Motorsports Centre
China Hong Kong Motorsports Centre is committed to promoting karting and motorsport development in Hong Kong and the Greater Bay Area. The centre provides a structured pathway for children, teenagers and motorsport enthusiasts, covering basic training, simulator training, real track practice and race development.
Through professional coaching, systematic training programmes and competitive race platforms, CHKMC aims to nurture the next generation of young racing talent and support the long-term development of youth motorsport in Hong Kong.
Remarks: Eligibility, event arrangements, IAME Asia Final 2026 Macau entry ticket / support and related benefits are subject to the latest requirements, terms and approval procedures of the organizer CHKMC, HKAA, IAME Series Asia and relevant race authorities.
*The charges do not include transportation and accommodation arrangements.
Core Grade A Offices Lead Rental Recovery, Hong Kong Island High Streets Outperform Kowloon
Residential Market: Q2 residential transaction numbers increased by 19% q-o-q and 32% y-o-y to reach more than 22,150 units. Home prices rose by 2.5% during April and May, bringing a cumulative 7.4% increase for the first five months, with growth recorded across different segments.
Grade A Office Market: Citywide net absorption reached 396,100 sq ft in Q2, with new leases mainly driven by the banking & finance and insurance sectors. Core areas such as Greater Central witnessed significant rental pick up, offsetting rental corrections in non-core submarkets. Cushman & Wakefield expects the overall office market rental level to rise by +4% to +6% in 2026.
Retail Market: Overall retail sales maintained steady growth on the back of sustained rises in inbound visitors and a stronger RMB. High street vacancy rates in Causeway Bay and Central remained at 0% in Q2, with Hong Kong Island leading a rental growth recovery.
Capital Markets: Hong Kong’s commercial real estate investment market sustained the momentum carried over from late 2025. Supported by demand from end-users and still-attractive pricing levels across property sectors, total large-sized (>HK$100 million) non-residential transaction volume for the 1H 2026 period recorded HK$23.2 billion, up 84% y-o-y.
HONG KONG SAR – Media OutReach Newswire – 7 July 2026 – Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets 1H 2026 Review and 2H 2026 Outlook press conference. Residential market activity remained robust as transaction numbers surpassed 22,000 cases in Q2, the highest quarterly record since Q2 2021. Grade A office market net absorption reached 396,100 sq ft in Q2, with rental level recovery mainly driven by core areas. Greater Central rents continued to pick up by 4.1% q-o-q in Q2, supporting the citywide rental level to grow by 1.9% q-o-q. In the retail sector, total retail sales continued to recover steadily, while high street store vacancy in Causeway Bay and Central returned to 0%, supporting stronger rental performance on Hong Kong Island and outpacing Kowloon. In the capital markets, end-users and well-capitalized investors bottom-fished amid attractive office asset pricing. Living sector and residential site transactions are expected to be the market focus in the upcoming months.
Grade A office leasing market: Leasing momentum driven by banking & finance and insurance sectors, rental recovery led by core areas Driven by take-up at recent new entrants into the market, citywide office market net absorption reached 396,100 sq ft in the quarter, mainly led by Greater Central and Greater Tsimshatsui. The total new leased area reached 1.2 million sq ft in Q2, underpinned by activities from the banking & finance and insurance sectors. Rents in Greater Central continued to pick up, rising by a further 4.1% q-o-q in Q2 for total growth of 9.7% in 1H 2026, while rental level growth of 2.9% q-o-q was seen in Wanchai/ Causeway Bay. In contrast, rents in non-core areas remained soft, with all four non-core submarkets experiencing rental corrections in Q2 and 1H. The recovery in core areas has supported citywide rental growth of 1.9% q-o-q in Q2 and 4.3% for 1H 2026. In the absence of new completions in Q2, the overall availability rate fell by 0.5 percentage points q-o-q to 19.5%.
John Siu, Managing Director, Hong Kong, Cushman & Wakefield, said, “Despite the uncertainties arising from recent stock market volatility and geopolitical tensions, leasing demand from the banking & finance and insurance sectors is expected to remain resilient, backed by ongoing wealth management activities, an active IPO pipeline, and long-term operational needs from finance-related institutions. These two sectors accounted for around 60% of Grade A office new leased area in 1H 2026, compared with 38% in 2024. Following strong rental growth in Greater Central in 1H 2026, the upwards momentum is expected to moderate in 2H. Full-year rental growth in the submarket is projected in the +10% to +12% range. This will help offset the impact of rental corrections in certain non-core submarkets, and support the citywide Grade A office rental level to rise by +4% to +6% in 2026, revised upward from the previous forecast of +1% to +3%.”
Retail leasing market: High street vacancy in Causeway Bay and Central holds at 0%, more overseas brands to establish presence in Hong Kong Sustained rises in inbound visitors, along with the wealth effect from an improving residential market and a stronger RMB, have continued to support steady growth in Hong Kong’s retail market. As at May 2026, the city’s overall retail sales marked thirteen consecutive months of y-o-y growth, while total retail sales for the January to May 2026 period recorded HK$171.5 billion, up 10.6% y-o-y. Sales growth was recorded in all key retail categories. The Jewellery & Watches sector remained the most popular among tourists, posting y-o-y growth of 26.2%, followed by the Fashion & Accessories and Medicines & Cosmetics sectors, which grew 5.4% and 5.2%, respectively.
The overall high street vacancy rate rose mildly to 5.4% in Q2 from 4.2% in Q1, chiefly driven by greater vacancies in Kowloon. Causeway Bay and Central both continued to register zero vacancies through the quarter, while vacancy rates in Tsimshatsui and Mongkok rose to 8.3% and 8.6%, respectively. Despite this, new leasing activity was witnessed across core retail districts, with relatively strong leasing demand from pharmacies and jewellery & watches retailers.
As for high street retail rents, rental recovery in Hong Kong Island continued to outperform Kowloon. Causeway Bay and Central recorded q-o-q increases of 1.0% and 0.8%, respectively, with both local and international retailers displaying preferences for these two prime high-street hubs. At the same time, the relatively affordable and reasonable rental levels in Mongkok attracted a wider range of brand entries into the district, bringing q-o-q rental growth to 0.5%. However, with the slowdown among luxury retailers, rental levels in Tsimshatsui remained under pressure, declining by 1.1% q-o-q. In the F&B sector, landlords have been more willing to offer discounts amid high availability, resulting in F&B rents across four key retail districts recording q-o-q declines within a 1% range.
John Siu commented, “Looking ahead, we expect the Hong Kong retail market to remain on a steady recovery trajectory in 2H 2026, supported by continued growth in inbound tourist numbers and recovering tourist spending amid a stronger RMB. Given still-attractive rental levels, we also expect ongoing entries of new retailers, especially from international brands who view the Hong Kong market as a strategic launchpad for regional expansion in Asia. Causeway Bay and Central are likely to remain active for leasing activities, underpinned by strong tourist footfall. We forecast high street retail rents in Causeway Bay and Central to lead a recovery and increase by 3% to 5% in 2H 2026, while we project Tsimshatsui and Mongkok to pick up modestly in the range of 1% to 2%.”
Residential market: Prices and sales rise in 1H, interest rate uncertainty may weigh on 2H sentiment The Hong Kong residential market continued to gain momentum in Q2, with overall sentiment and transactions remaining active despite the disruptions brought on by ongoing geopolitical uncertainties. Both primary and secondary sales were strong in Q2, with the total number of residential sales and purchases agreements reaching more than 22,150 cases in the quarter, up 19% q-o-q and 32% y-o-y (Chart 3), bringing the total transaction number for the 1H 2026 period to more than 40,800 cases, a new high for the same period since 2021. As at June, the monthly number of residential sales and purchases agreements exceeded 5,000 units for 16 consecutive months, reflecting sustained buyer confidence and demand from investors. Strong sales at new launches saw primary market transactions take a 32% share of total transactions between January and May.
Edgar Lai, Senior Director, Valuation and Advisory Services, Hong Kong, Cushman & Wakefield, highlighted, “Home prices continued to increase in Q2 2026. Rating and Valuation Department data suggests that the overall residential price index picked up 2.5% in the two months from April to May, bringing 7.4% YTD growth. Meanwhile, our Cushman & Wakefield mid-and-small size units price index shows that home prices rose by 4% q-o-q and 9% in 1H. Our tracking of popular housing estates shows that price growth was witnessed across different market segments. Prices at City One Shatin, representing the mass market, rose 4.7% q-o-q, while prices at Taikoo Shing, representing the mid-market, grew by 8.6% q-o-q. Residence Bel-Air, representing the luxury segment, also recorded a notable 6.7% q-o-q rise. However, following the sustained release of pent-up demand over the past year, coupled with rising stock market volatility in June and tighter cross-border capital controls from the Chinese mainland, our June Verbal Enquiry index indicates that buyer enquiries moderated towards the end of the quarter, compared with the peak seen in April and May.”
Rosanna Tang, Deputy Managing Director, Head of Research, Hong Kong, Cushman & Wakefield, added, “The Hong Kong residential market extended its positive momentum in Q2, with overall transaction activity remaining vibrant. Total residential transaction numbers in the quarter exceeded 22,150 cases, marking a new high since Q2 2021. Looking ahead to 2H, uncertainties in interest rate movements are expected to widen. Some potential buyers may again observe how geopolitical developments and stock market trends are affecting capital flow and market sentiment. Yet, given the resilient housing demand in the city, backed by rising numbers from incoming talent and non-local students, Hong Kong residential market is expected to remain stable in 2H. We anticipate full-year transactions in 2026 to reach approximately 75,000 units, while home prices to pick up by close to 10%. In terms of rents, rental index picked up by 1.8% in the first five months in 2026, rising 18% from the last bottom in 2023. Rental growth is expected to be moderate and stay within 5% y-o-y in 2026.”
Non-residential investment market (dealsexceeding HK$100 million): Transaction momentum sustains, with end-users leading office transactions Amid the still-attractive pricing across property sectors, the Hong Kong commercial real estate investment market largely sustained the transaction momentum carried over from 2H 2025. The city’s non-residential investment market for deals exceeding HK$100 million recorded 50 transactions in 1H 2026, with total transaction volume rising 84% y-o-y to HK$23.2 billion, although down 16% from the HK$27.8 billion seen in the 2H 2025 period. (Chart 4). In 1H 2026, local buyers remained the major source of capital, accounting for more than 70% of the total consideration. Foreign capital comprised 19% of 1H 2026 total transaction volume, drawn by discounted property prices and conversion projects with value-added angles. By asset class, the office sector accounted for 54% of total investment consideration, followed by around 23% from the hotel / rental housing sector.
Tom Ko, Executive Director and Head of Capital Markets, Hong Kong, Cushman & Wakefield, concluded, “In 1H 2026, office sales transactions continued to account for the largest share of both consideration and deal count, indicating a recovery in the investment ecosystem. During this round of consolidation, end-user buyers acted to capture bottom-fishing opportunities, with multiple large-scale office deals concluded. Our recent publication in May 2026, Hong Kong Office Building Investment Back in Focus: A Market Reassessment, suggests the significant capital value adjustment has reset entry levels and reopened the market to end-users seeking bottom-fishing opportunities, especially for education institutions, banks and financial institutions, as well as leading Chinese mainland corporates.
“Notably, some end-user buyers are cash-rich and therefore less sensitive to banks’ cautious lending stance toward commercial properties, and to interest rate movements. Office capital values are projected to follow the recovery in rents. Coupled with the declining availability of distressed office assets, the current market encourages end-users to accelerate their decision-making to consider bottom-fishing ahead of the subsequent upcycle. Looking ahead to 2H 2026, we believe demand from end-users and the living sector will remain the major drivers of investment activity. The market has also witnessed growing momentum in private residential sites transactions, with investors strategically expanding land banks amid a buoyant residential market. We expect to see more transactions in this segment through the remainder of the year. Against this backdrop, the 2026 full-year investment volume is now forecast to reach more than HK$40 billion.”
Please click here to download photo and presentation deck.
(From left to right) Tom Ko, Executive Director and Head of Capital Markets, Hong Kong, Cushman & Wakefield; John Siu, Managing Director, Hong Kong, Cushman & Wakefield; Rosanna Tang, Deputy Managing Director, Head of Research, Hong Kong, Cushman & Wakefield and Edgar Lai, Senior Director, Valuation and Advisory Services, Hong Kong, Cushman & Wakefield. Hashtag: #Cushman&Wakefield
The issuer is solely responsible for the content of this announcement.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 53,000 employees in nearly 350 offices and 60 countries. In Greater China, a network of 23 offices serves local m
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 53,000 employees in nearly 350 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).
Backed by Over 105,000 Hair & Scalp Diagnosis Conducted in Malaysia, L’Occitane Advocates Understanding the Cause Before Choosing the Solution
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 July 2026 – As hair fall and hair loss concerns continue to affect consumers across different ages and life stages, L’Occitane is encouraging Malaysians to look beyond the symptoms and understand the root cause of their concerns through its complimentary Hair & Scalp Diagnosis.
L’Occitane Anti-Hair Loss Serum
Backed by more than 105,000 Hair & Scalp Diagnosis conducted in Malaysia, L’Occitane has developed extensive expertise in understanding hair fall, hair loss, scalp imbalances and personalised scalp care needs. Through this diagnostic-first approach, the brand helps consumers identify the underlying causes of their concerns before recommending a targeted hair and scalp care routine.
The insights gathered from these diagnosis reveal that what often appears to be hair loss or hair thinning may be linked to a variety of factors, including scalp imbalance, stress, hormonal changes, post-partum shedding, lifestyle habits and environmental conditions. While the symptoms may look similar, the underlying causes and therefore the solutions are often very different.
As a result, L’Occitane believes that effective hair care begins not with choosing a product, but with understanding the scalp.
Over 105,000 Hair & Scalp Diagnosis: Understanding Hair Fall Beyond the Surface Through more than 105,000 Hair & Scalp Diagnosis conducted in Malaysia, L’Occitane has observed that hair fall concerns typically stem from multiple contributing factors rather than a single cause.
Common concerns identified include:
Hair loss and excessive hair fall
Hair thinning and reduced hair density
Post-partum hair shedding
Scalp sensitivity and discomfort
Oily scalp conditions
Stress-related hair concerns
Hormonal-related hair changes
Weakened scalp barrier and scalp imbalance
Each diagnosis includes an in-depth scalp analysis and personalised consultation, helping consumers better understand their scalp condition before selecting products suited to their individual needs.
This personalised approach has positioned L’Occitane as a trusted hair and scalp care expert, focused on addressing the cause of hair concerns rather than simply masking the symptoms.
Clinically Proven Support for Hair Loss and Hair Fall Concerns At the heart of L’Occitane’s personalised hair care approach is the Anti-Hair Loss Serum, formulated with 99% natural-origin ingredients.
Clinically proven results include:
Helps reduce hair loss
Strengthens hair from the root
Improves the appearance of fuller, denser-looking hair
Supports the growth of up to 17,000 new strands after three months of use
When paired with a personalised Hair & Scalp Diagnosis, the serum becomes part of a tailored solution designed around each individual’s scalp condition and hair concern.
Personalised Hair & Scalp Solutions for Different Needs Recognising that every scalp is unique, L’Occitane offers complementary scalp care solutions that address different scalp conditions and lifestyle needs.
Immortelle Pro-Youth Scalp Serum Designed to:
Revitalise the scalp
Improve scalp elasticity
Replenish vitality
Promote healthier-looking hair
Night Soothing Defense Scalp Serum Designed to:
Soothe sensitive scalps
Strengthen the scalp barrier
Reduce discomfort
Restore balance overnight
Gentle & Balance Shampoo Designed to:
Gently cleanse the scalp
Support the scalp microbiome
Promote a healthy scalp environment
Volume & Strength Shampoo Designed to:
Strengthen fragile hair
Improve resilience
Create fuller-looking hair
Together with the complimentary Hair & Scalp Diagnosis, these targeted solutions form a personalised hair care ritual tailored to individual scalp conditions and hair goals.
Different Causes. Real People. Real Results. While many consumers experience hair fall, hair loss or hair thinning, the underlying causes behind these concerns are often different.
The experiences of Soo Chian, Jack and Hui Ying demonstrate why understanding the root cause can make a meaningful difference.
Goh Soo Chian, 33 Concern: Post-Partum Hair Fall Contributing Factor: Post-pregnancy hormonal changes Recommended Routine: Anti-Hair Loss Advanced Scalp Serum (3 months) Result: Reduced hair fall and visible baby hairs
Like many mothers, Soo Chian experienced significant hair fall after childbirth. As her hairline became increasingly visible and bald patches began to appear, she found herself constantly searching for ways to conceal the changes. After adopting a consistent hair care routine with L’Occitane’s Anti-Hair Loss Advanced Scalp Serum, she began noticing visible improvements. “Now I see less hair loss compared to even before I got pregnant. I feel much more confident and less stressed about it.” Jayabalan A/L Subramaniam (Jack), 51 Concern: Hair Thinning Contributing Factor: Work-related stress and environmental exposure Recommended Routine: Anti-Hair Loss Advanced Scalp Serum (6 months) Result: Improved hair density and fuller-looking coverage
For Jack, what began as gradual thinning eventually affected both his appearance and confidence. After consistently incorporating the serum into his routine, he began noticing encouraging improvements. “My mother told me she could see my bald patch was darker, meaning the hair was growing back. That put a big smile on my face because I was happy to hear she noticed something different.”
What began as gradual thinning eventually developed into a visible bald patch. Through consistent use of the serum, Hui Ying started noticing visible baby hairs after three months and experienced renewed confidence as her hair became fuller over time. “My self-esteem improved. I’m very happy and delighted that this worked.”
Understanding Comes First Although Soo Chian, Jack and Hui Ying experienced similar symptoms, their hair concerns stemmed from different underlying causes.
Their stories reinforce an important truth: understanding the cause is often the first step towards finding an effective solution.
Through complimentary Hair & Scalp Diagnosis, personalised consultations and targeted hair care solutions, L’Occitane continues to help Malaysians better understand hair fall, hair loss and scalp health before recommending the routine best suited to their needs.
Today, with over 105,000 Hair & Scalp Diagnosis conducted in Malaysia, L’Occitane remains committed to helping consumers make more informed decisions about their hair and scalp care journey. Complimentary Hair & Scalp Diagnosis is available at L’Occitane boutiques nationwide.
Each diagnosis includes:
Personalised scalp analysis
Identification of scalp concerns
Hair loss and hair fall assessment
Product recommendations tailored to individual needs
The issuer is solely responsible for the content of this announcement.
L’Occitane En Provence
A Beauty Maison revealing the living force of flora, since 1976. Born from a simple gesture – the distillation of rosemary – L’Occitane en Provence draws its inspiration from the vibrant nature and cultures of Haute-Provence. The Maison designs skincare, fragrances and home collections formulated in France with botanicals inspired by Haute-Provence and enhanced by advanced science and an environmentally conscious approach. Celebrating the ties that bind people and nature, L’Occitane en Provence brings to life an art de vivre inspired by the beauty of simple moments. Today, the Maison shares this philosophy with its guests through over 3,000 boutiques worldwide, 100 spas, 2,500 partner hotels, and its own hotel, Le Couvent des Minimes, un Hôtel et Spa L’Occitane en Provence.
The L’OCCITANE Group is now B Corp™ certified
The L’Occitane Group, a pioneer in premium sustainable beauty and wellness, is proud to announce that it is now a certified B Corporation™. This is an exciting milestone that builds on the Group’s ongoing commitment to creating positive change by empowering the communities it invests in, protecting biodiversity, reducing waste and mitigating climate change. With certification, the Group joins a global community of like-minded businesses that share a collective vision of creating an inclusive, equitable and regenerative economy to be a force for good in the world.
Australia and Laos reaffirm partnership to strengthen economic resilience and sustainable development.
Australian Ambassador to Laos Megan Jones met Deputy Prime Minister and Minister of Finance Santiphab Phomvihane on 3 July to congratulate him on his recent appointment and reaffirm Australia’s commitment to supporting Laos’ economic development priorities under the Australia–Laos Comprehensive Partnership.
During the meeting, Ambassador Jones welcomed the Deputy Prime Minister’s update on Laos’ economic outlook and reform agenda, including the government’s plans to prioritize poverty reduction and rural development.
She said Australia’s development partnership closely aligns with these goals by supporting more resilient livelihoods, stronger institutions, and sustainable, inclusive economic growth.
The Ambassador also highlighted Australia’s estimated AUD 64.4 million (USD 42 million) Official Development Assistance (ODA) program for Laos in 2026-27, which includes bilateral, regional, and global investments.
Australia’s support spans key sectors including public financial management, agriculture, education, health, energy, climate resilience, and governance, helping create conditions for sustainable development and high-quality private sector investment.
Ambassador Jones also highlighted Australia’s long-standing partnership with the Ministry of Finance to strengthen public financial management through support for fiscal and budget reforms, official development assistance coordination, and institutional capacity building.
She said these efforts are helping improve economic governance, strengthen public service delivery, and build investor confidence.
The Ambassador also thanked Deputy Prime Minister Santiphab and the Ministry of Finance for their continued support for Australia’s development cooperation program and Australian businesses operating in Laos, recognizing the role of responsible investment in promoting sustainable economic growth and job creation.
The meeting also highlighted Australia’s broader regional engagement through the Mekong-Australia Partnership and the Invested: Southeast Asia Economic Strategy to 2040, initiatives aimed at deepening economic cooperation, strengthening regional resilience, and supporting sustainable growth across Southeast Asia.
Deputy Prime Minister Santiphab expressed his appreciation to the Australian Government and the Australian people for their longstanding partnership and continued support for Laos’ development priorities.
Both sides reaffirmed their shared commitment to deepening cooperation in support of a more resilient, inclusive, and prosperous future for Laos.
Editor’s Note: This article is part of The Laotian Times Public Diplomacy section and was contributed by the Australian Embassy in Laos. Views and information presented are those of the contributing organization.
https://my.loccitane.com/
https://www.tiktok.com/@loccitanemy?lang=en
