Refined upper-upscale brand is tailored for 120–300 key properties in prime urban and resort locations, delivering market-relevant experiences enriched by Dusit’s signature Thai-inspired gracious hospitality

BANGKOK, THAILAND – Media OutReach Newswire – 14 July 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, has expanded its global hospitality portfolio with the official launch of Dusit Hotels – its ninth hotel brand – designed to deliver tailored upper-upscale experiences that balance brand consistency with the unique needs of each market in strategic city and leisure destinations worldwide.

Already introduced at three operating hotels – Dusit Hotel Doha, Qatar; Dusit Le Palais Tu Hoa, Hanoi, Vietnam; and Dusit Hotel AG Park, Chengdu, China – with another distinctive property, Dusit Hotel Greenhills, Manila, Philippines, signed and set to open in 2026, the new brand has already marked its presence in key markets across Asia and the Middle East, laying a strong foundation for future growth.

Created in response to the growing demand from hotel owners and developers for distinctive properties that combine international standards with a strong sense of local identity, Dusit Hotels is positioned to deliver memorable guest experiences rooted in the unique cultural and physical context of each destination – all underpinned by Dusit’s signature Thai-inspired gracious hospitality.

Defined by a timeless, warm, and welcoming aesthetic, and guided by the tagline “Distinctly Elevated, Perfected by Place,” Dusit Hotels are crafted with the soul of each location in mind and designed to offer superior levels of comfort for business and leisure travellers of all generations. Public spaces feature curated art and locally inspired details that enhance the sense of place, while integrated smart technologies enrich the stay experience.

With a target range of 120 to 300 keys per property, Dusit Hotels is ideally suited for conversions and purpose-built developments that seek to balance refined comfort and contemporary design with market-relevant facilities, such as destination dining, multi-functional event spaces, and wellness offerings tailored to today’s travellers.

At each location, Dusit Hotels has demonstrated its ability to deliver refined, upper-upscale experiences rooted in local character and contemporary elegance.

Located by Hanoi’s West Lake, the 207-key Dusit Le Palais Tu Hoa, Hanoi blends Thai-inspired gracious service with Vietnamese heritage, drawing inspiration from the legacy of Princess Từ Hoa, who famously left the royal court to teach silk weaving to the local people, to offer a unique cultural connection through its design, storytelling, and curated dining experiences.

In Chengdu, the 248-key Dusit Hotel AG Park, Chengdu embraces its natural setting amidst the scenic surrounds of Tianfu Agricultural Expo Park with guided nature-based activities, farm-to-table dining, and sustainability-led programming aligned with Dusit’s group-wide sustainability initiative, Tree of Life, all contributing to a guest experience that’s both mindful and memorable.

Dusit Hotel Doha, meanwhile, with 261 well-appointed guestrooms and suites, plus 96 elegant apartments in the heart of Doha’s vibrant West Bay area, has carved a niche in the Qatari capital’s competitive hospitality landscape by offering warm, personalised service, a variety of international dining options, and wellness experiences delivered through Dusit’s signature Devarana Wellness concept. From in-room rituals to a full-floor spa, the hotel demonstrates how Dusit Hotels can thoughtfully integrate well-being into the guest journey in a way that is meaningful, accessible, and market-relevant.

The latest signing under the Dusit Hotels brand – Dusit Hotel Greenhills, Manila – is set to open in Q4 2026. Occupying the top 10 floors of Primex Tower, a landmark 50-storey mixed-use development in Metro Manila’s San Juan City, the 200-key hotel will feature premium facilities, including Benjarong Thai restaurant, an all-day dining restaurant, a rooftop bar, a rooftop swimming pool, and a ballroom with spectacular city views.

Together, these properties illustrate the brand’s versatility and appeal – bringing Dusit’s gracious hospitality and service excellence to life in distinctive ways, guided by a consistent upper-upscale positioning.

“Our latest brand has been carefully developed to meet the evolving needs of both hotel owners and modern travellers alike,” said Mr Gilles Cretallaz, Chief Operating Officer, Dusit International. “As we continue to reposition the Dusit Thani brand firmly within the luxury segment, Dusit Hotels marks a strategic expansion of our presence in the upper-upscale space, reinforcing our evolution across the lodging spectrum. This new brand allows us to bring our unique Thai-inspired gracious hospitality to a broader range of properties, while giving owners the scope to tailor experiences to their specific markets – all backed by our proven systems, global distribution, and operational excellence. With a strong focus on comfort, character, and locality, each hotel will resonate deeply with domestic and international guests seeking purposeful, memorable stays.”

Dusit’s global portfolio currently comprises 294 properties across 18 countries, including 55 hotels and resorts and 239 luxury villa rentals. The company’s nine brands span the lodging spectrum from affordable lifestyle to bespoke luxury. Alongside Dusit Hotels, the group’s other brands include Devarana – Dusit Retreats (Wellness Luxury), Dusit Thani (Bespoke Luxury), Dusit Collection (Character Luxury), dusitD2 (Lifestyle Upscale), Dusit Princess (Upper Midscale), ASAI Hotels (Lifestyle Midscale), Dusit Suites (Lifestyle Long Stay), and Elite Havens (Luxury Villa Rentals).

Across its portfolio, Dusit has already signed 14 new properties this year and has over 60 in the pipeline, reflecting strong demand for its distinctive hospitality offerings worldwide. Dusit Hotels is expected to continue this momentum, with strong developer interest in key markets.

“With three Dusit Hotels already in operation and another distinctive property in the pipeline, our newest brand has already resonated strongly with our target market as well as development partners,” said Mr Siradej Donavanik, Vice President – Development (Global). “Reflecting strong demand for this offering, we anticipate signing eight additional Dusit Hotels within the next two years, in key gateway destinations, both cities and resorts. For developers seeking a refined, versatile, and future-ready concept with proven performance and global support, Dusit Hotels presents a compelling opportunity.”

Hashtag: #dusitinternational

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About Dusit Hotels and Resorts

Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes close to 300 properties operating under a total of nine brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Collection, Dusit Hotels, dusitD2, Dusit Suites, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide.

For more information, please visit dusit.com

About Dusit International

Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services.

Dusit International‘s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification.

For more information, please visit dusit-international.com

These initiatives address the critical 0–3 age window, a golden period in a child’s life marked by rapid brain development that reaches up to 80 percent of an adult’s brain size. A study by the Center on the Developing Child at Harvard University highlights that brain cell development during early childhood can reach up to 90 percent, laying the foundation for cognitive, language, motor, sensory, and emotional responses.

This period is especially challenging in many parts of Asia. A 2023 study by the Australian Council for Educational Research (ACER) revealed that 57 percent of children aged 0–3 in parts of Indonesia are at risk of not reaching their full developmental potential. The study also found that 26 percent of children live in low-quality caregiving environments. In China, a similar concern is the high rate of developmental delays among children aged 0–3 in rural areas, where more than 80 percent fail to meet at least one developmental indicator, according to a 2019 article in the Journal of Comparative Economics.

Impact in Indonesia: The Rumah Anak SIGAP Initiative

Tanoto Foundation’s Rumah Anak SIGAP program in Indonesia has demonstrated significant positive results. An impact evaluation showed that children in rural areas with initial developmental delays who received stimulation through the program recorded an average developmental score increase of 1.06 points, compared to a 0.53-point increase for urban children. By 2024, the program had reached over 3,000 children and parents through 29 service centers across five provinces: Banten, Central Java, East Kalimantan, Jakarta, and Riau.

The program’s success lies in empowering community cadres as agents of change, fostering the local ownership essential for sustainability. Ancilla Irwan, Education Development Lead, explained that this deep community and government collaboration transforms the program into “a vital part of an integrated caregiving ecosystem.” The strength of this model was underscored when the Mayor of Semarang, Agustina Wilujeng Pramestuti, presented her city’s initiative—which integrates a Rumah Anak SIGAP center with a stunting prevention center—at the same ARNEC conference.

“Out of 64 parents interviewed, 59 reported positive changes, such as improved breastfeeding practices, more nutritious feeding, and deeper engagement with their children. The most significant change happens at home, when parents begin to interact with their children consistently and attentively,” said Radi Negara, Impact Evaluation Lead at Tanoto Foundation.

Scaling Success in China: The HOPE Program

Mirroring this success, the HOPE program in China has effectively scaled its community-driven model to address developmental gaps. The program has successfully trained 330 facilitators and established 138 centers across five provinces: Beijing, Guizhou, Jiangsu, Jiangxi, and Shandong serving over 16,000 children aged 0–3 and their families in rural areas.

Wu Wei, Country Head of Tanoto Foundation China, explains that “Investing in Early Childhood Development (ECD) promotes social equity, breaks intergenerational poverty, and strengthens the human capital essential for China’s long-term sustainable development.”

As a Core Team member of ARNEC, Tanoto Foundation is committed to the network’s goal of advancing ECD by fostering strong partnerships, sharing knowledge, and advocating for children’s rights. This collaborative spirit was captured in the conference’s closing session by Eddy Henry, Head of Policy and Advocacy at Tanoto Foundation:

“This conference exemplifies how collaboration can drive knowledge mobilization, amplify voices, and advance the ECD agenda across the Asia-Pacific region. I hope every organization participating will now bring home and implement these best practices locally, helping influence policy changes to ensure every child has access to inclusive, equitable, and high-quality early childhood development.”

Hashtag: #TanotoFoundation

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

About Tanoto Foundation

At Tanoto Foundation, we unlock human potential, help communities thrive, and create lasting impact. Founded in 1981 by Sukanto Tanoto and Tinah Bingei Tanoto, we are an independent family foundation that believes in providing every person with the opportunity to realize his or her full potential. To do so, we catalyze systems change in education and healthcare. Our approach is impact-first, collaborative, and evidence-based. We invest for the long term and strive to develop leaders who can drive sustained, positive outcomes.

More information is available at www.tanotofoundation.org/en/.

HONG KONG SAR – Media OutReach Newswire – 14 July 2025 – The sixth edition of the Julius Baer Global Wealth and Lifestyle Report confirms the ongoing shift from material consumption towards experiences.

Jen-Ai Chua, Research Analyst, Asia, Julius Baer, commented: “Asia Pacific remains one of the fastest-growing regions globally. Real GDP grew 4.5 per cent year on year in 2024 – moderating slightly from 5.1 per cent in 2023 but still outpacing the global average of 3.3 per cent. Firm fundamentals have set the stage for the rapid ascent of wealth in the region. The number of high-net-worth individuals in Asia is projected to have grown 5 per cent year on year to 855,000 in 2024. Growth in China and India is expected to help bring Asia’s share of new HNWIs globally to an estimated 47.5 per cent between 2025 and 2028.”

Global city rankings: Three APAC cities in the top six globally

Asia Pacific (APAC) continues to be an expensive place to live well in general, as its developing cities continue their upward economic trajectory. The region saw only slight price decreases of 1 per cent on average across the region, making it the most stable of all the surveyed regions this year.

Once again, two of the world’s three most expensive cities can be found in the Asia Pacific region, where Singapore ranks 1^st (unchanged) and Hong Kong ranks 3^rd (from 2^nd). Bangkok and Tokyo made the largest leaps, each climbing six places to 11^th and 17^th respectively. Conversely, Shanghai dropped from fourth to sixth, and Manila fell to 23^rd despite a 7.5 per cent rise in average local currency prices.

• Singapore (ranked #1 globally):
  • Singapore continues to top the index as the costliest city for living well for the third consecutive year. Despite this, the city remains highly liveable, appealing to high-net-worth individuals and businesses due to its stable political climate, safety, and quality services, including education and healthcare. Overall, Singapore’s stability and connectivity continue to make it a leading choice for relocation and residency.
  • Lifestyle index[1]: Singapore is ranked the most expensive for categories of car and women’s handbag, second for women’s shoes and third for residential property and healthcare. It is amongst the least expensive for a treadmill (ranked 21^st).
• Hong Kong (ranked #3 globally):
  • Hong Kong remains one of the most expensive cities to live well. Its low taxes and cosmopolitan appeal continue to attract wealthy individuals, bolstered by a residency-by-investment programme that has drawn significant interest from both mainland Chinese and global HNWIs.
  • Lifestyle index: Hong Kong is ranked the most expensive for a lawyer, and second most expensive for car and residential property, and third for degustation dinner. While Singapore saw hotel suites rise 10 per cent this year, Hong Kong saw a 26 per cent fall in prices.
• Shanghai (ranked #6 globally):
  • Lifestyle index: Shanghai remains the second most expensive city for watches, the third most expensive city for women’s shoes, and while it is the most expensive city to have a degustation dinner, it is interestingly the second cheapest for Champagne, after Hong Kong.
• Bangkok (ranked #11 globally):
  • Bangkok made one of the biggest jumps this year, going up 6 places. While relatively affordable for many services in the index, Bangkok is one of the priciest global cities for luxury goods such as ladies’ and men’s fashions, as well as cars and watches.
  • Lifestyle index: Bangkok is ranked most expensive for women’s shoes, and third for cars.
• Mumbai (ranked #20 globally):
  • Despite India’s position as a rising economic powerhouse, Mumbai is relatively affordable for most services, particularly hospitality and travel.
  • Lifestyle index: Interestingly, it is jointly ranked most expensive for treadmill, but cheapest across the board for LASIK.

Shifting spending patterns among APAC’s wealthy

In APAC, spending on goods remains high, though consumer preferences continue to evolve. The growing wealth of APAC’s HNW population, combined with increased interest in health, wellness, and experiences, continues to shape spending patterns across the region.

APAC HNWIs boost investment and risk appetite

HNWIs in APAC have tended to increase both spending and investing (39 per cent), with the highest overall total increase in those investing at 68 per cent.

Most HNWIs from APAC have increased the diversity of assets in their portfolio and a consistent proportion has increased the level of risk. Investors in these regions also tend to be more interested in investing in future trends or in line with their values. Equities remain the preferred asset class in APAC, followed by real estate and cash. Despite notable ‘ESG fatigue’ in other regions, there has been a growing commitment to sustainable investing in APAC.

Products and services APAC HNWIs spent more money on in the past 12 months

HNWIs in APAC have seen some of the biggest jumps in cost for lifestyle spending habits, outpacing all regions in high-end women’s clothes, hotels, fine dining, as 80 per cent of them have reported increased assets over the past year.

There was one category this year where prices increased more sharply than any other – across almost all cities and in APAC, business class flights rose 12.6 per cent and the region also saw a marked increase in leisure travel compared to business travel.

In line with global trends, longevity is now top of mind for many HNWIs in APAC. In the region, 100 per cent said they are taking measures to increase their lifespans, ranging from lifestyle changes such as regular exercise and a good diet to more extreme measures such as gene therapy and cryogenic chambers being used by 21 per cent of respondents in APAC. Unlike other regions, those in APAC said that their attitudes are overwhelmingly concerned with health, even as other regions reported more interest in dining experiences and human interaction.

The Next Generation

When it comes to financial longevity, the majority of HNWIs say the will adjust their wealth strategy to cover an increase in lifespan, with measures ranging from reviewing their existing wealth structure and rebalancing their portfolios to re-evaluating retirement goals. Respondents in APAC were much more likely to create a long-term care plan, with 68 per cent positively checking this option.

While old economy businesses will be a mainstay of wealth in Asia, entrepreneurship opportunities facilitated by the emergence of newer technologies are changing the profile of the Asian HNWI. Concurrently, the intergenerational wealth transfer that should see a projected USD 5.8 trillion in assets change hands between 2023 and 2030 will accelerate the shift towards new preferences in lifestyle and spending choices, such as a growing focus on sustainability, increased digitalisation and a bias towards experiences.

As wealth continues to shift in Asia Pacific, these trends will influence global luxury markets, real estate, and investment strategies in the years ahead.

To download the Julius Baer Global Wealth and Lifestyle Report 2025, please visit: www.juliusbaer.com/GWLR (the report will be available after 3 p.m. Hong Kong Time)

Hashtag: #JuliusBaer

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

About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. In all we do, we are inspired by our purpose: creating value beyond wealth. At the end of April 2025, assets under management amounted to CHF 467 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.

Julius Baer is present in over 25 countries and around 60 locations. Headquartered in Zurich, we have offices in key locations including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base, and our entrepreneurial management culture make us the international reference in wealth management.

For more information visit our website at www.juliusbaer.com

Hong Kong Techathon+ Marks its 10th Anniversary Reinforcing Hong Kong’s Position as an International Talent and I&T Hub

HONG KONG SAR – Media OutReach Newswire – 14 July 2025 – The Hong Kong Science and Technology Parks Corporation (HKSTP), in collaboration with 15 local tertiary institutions and supported by leading global tertiary institutions and organisations, today celebrated the 10^th anniversary of its flagship international intercollegiate innovation and technology (I&T) event, Hong Kong Techathon+ (HK Techathon+) at Hong Kong Science Park. The occasion also marked the launch of the “Global University Innovation Network” (GUIN), a new initiative designed to deepen international collaboration among tertiary institutions, and further bolster Hong Kong’s position as an international talent and I&T hub.

Establishment of GUIN to Foster Global Innovation and Talent Exchange

The newly established GUIN is a collaborative effort between HKSTP and 15 local institutions: The University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University, City University of Hong Kong, Hong Kong Baptist University, The Education University of Hong Kong, Lingnan University, Hong Kong Metropolitan University, The Hang Seng University of Hong Kong, Hong Kong Shue Yan University, Technological and Higher Education Institute of Hong Kong, Hong Kong Institute of Information Technology, Hong Kong Institute of Vocational Education, and Tung Wah College.

GUIN is further supported by renowned universities, in the overseas including Nanyang Technological University (Singapore), Singapore Management University, Singapore University of Social Sciences, The University of Queensland (Australia), The University of Newcastle (Australia), Xi’an Jiaotong-Liverpool University (mainland China), Chulalongkorn University (Thailand), Universiti Malaya (Malaysia), and Astana Business Campus of Nazarbayev University (Kazakhstan).

The initiative aims to enhance innovation collaboration between Hong Kong and esteemed global institutions, facilitating cross-regional resource sharing, talent exchanges, and the commercialisation of R&D outcomes. GUIN will attract top-tier international I&T teams and startups to Hong Kong, further elevating the city’s position as the international talent and I&T hub.

Profess Sun Dong, Secretary for Innovation, Technology and Industry, remarked, “Hong Kong enjoys a unique advantage of having strong support from the motherland and close connection with the world, converging global innovation resources, including high-calibre talents. The Government is committed to developing Hong Kong into an international I&T centre. Over the past two years, we have attracted over 200 I&T enterprises with high potential and representativeness to set up or expand their businesses here. I encourage all the young talents to seize this opportunity to collaborate, innovate and push the boundaries of what is possible.”

Mr Albert Wong, CEO of HKSTP, said: “From a bold vision a decade ago, HK Techathon+ has evolved into a flagship Hong Kong and international intercollegiate I&T event, symbolising the collective commitment of HKSTP, our partnering institutions, and supporters in nurturing innovative talent. HKSTP has been committed to cultivate a vibrant I&T ecosystem, offering comprehensive support to young innovators – from ideation and R&D to business expansion. We look forward to seeing these young talents unleash their creativity and potential, becoming key drivers of Hong Kong’s I&T development and co-creating an exciting new chapter in our city’s innovation journey.”

Key initiatives Under GUIN:

HK Techathon+ Celebrates a Decade of Promoting Intercollegiate I&T Collaboration

Since its inception in July 2015, HK Techathon+ has grown significantly, attracting over 7,000 young innovators, generating more than 2,400 innovative projects, and nurturing hundreds of entrepreneurs and startups. Many alumni have gained global recognition, with several featured on the “Forbes 30 Under 30 Asia” list.

Since expanding into a global event in 2024, HK Techathon+ has welcomed participation from over 30 leading international institutions from mainland China, Taiwan, Macao, Singapore, Malaysia, Thailand, Australia, and the United States, including world renowned institutions such as the Massachusetts Institute of Technology (MIT), Stanford University, and The University of Queensland. This international platform enables local and overseas academic innovators and startups to exchange ideas, deepen their understanding of Hong Kong’s vibrant I&T ecosystem, and integrate seamlessly into the city’s innovation landscape.

Hashtag: #HKSTP

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

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,300 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at www.hkstp.org.