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Tetra Pak Advances Food System Resilience as It Cuts GHG Emissions Across the Value Chain by Over a Third

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Advertorial Desk
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  • Tetra Pak has launched its 27th Sustainability Report, detailing progress on GHG emissions reductions across its value chain and its own operations
  • The company developed and launched an integrated climate and nature risk and opportunity assessment in 2025 to guide its actions in strengthening food system resilience

SINGAPORE, June 30, 2026 /PRNewswire/ — Tetra Pak has launched its full-year 2025 (FY25) Sustainability Report, outlining how its continued emissions reductions are supporting greater resilience across the global food system.

Tetra Pak Sustainability Report
Tetra Pak Sustainability Report

In 2025, the company achieved a 34% reduction in greenhouse gas (GHG) emissions across its value chain since 2019,[1] representing an improvement of almost 12 percentage points compared with the previous year,[2] while also reducing emissions across its own operations by 56%[3] and reaching 97% renewable energy consumption.

This progress reflects Tetra Pak’s growing focus on translating emissions reductions into long-term food system resilience. By directing efforts and investment towards areas where it can deliver the greatest long-term value, the company aims to support more efficient, robust food production while continuing to reduce its environmental impact.

Adolfo Orive, President & CEO at Tetra Pak, comments: “Feeding a growing global population is becoming ever more complex as environmental risks intensify. This is why we remain firmly committed to strengthening the resilience of the world’s food systems. With clear, measurable targets in place, 2025 marked a year of tangible progress, including passing the milestone of a one‑third reduction in greenhouse gas emissions across our value chain. Achieving lasting change depends on collaboration, and we look forward to continuing to work closely with our customers and partners to turn shared ambition into enduring progress.”

To guide its actions and investment decisions, and to support more efficient, resilient food systems, Tetra Pak developed and launched an integrated climate and nature risk and opportunity assessment in 2025. The assessment identified priority risks and opportunities to build resilience across the company’s operations and value chain, supported by plans to address each priority area. Tetra Pak also revised its Approach to Nature framework, reflecting learnings to ensure it remains relevant in a rapidly evolving industry landscape. As part of this, the company introduced new or updated targets in response to developments in specific action areas.

Several initiatives and innovations were introduced or developed in 2025 to help customers significantly reduce utility, material and energy use by embedding a total cost of ownership (TCO) mindset that assesses the overall lifecycle cost of equipment. This was reinforced by the launch of Tetra Pak® Factory OS™, a next-generation automation and digital ecosystem that combines modular, scalable and smart technologies with deep industry and equipment expertise to help customers better understand and mitigate losses in their operations.

Overall, 2025’s progress sees Tetra Pak on track to meet its long-term climate targets. These include achieving a 46% reduction in value chain GHG emissions by 2030, increasing renewable electricity consumption across operations to 100% by 2030, and reaching net-zero emissions by 2050.

Other notable achievements shared in the FY25 Sustainability Report include:

  • Investing approximately €100 million in packaging research and development to address the sustainability of Tetra Pak packages. This investment led to a world-first paper barrier for juice packages, delivering a 43% lower carbon footprint than an aseptic package with an aluminium foil layer and a fossil-based polymer.
  • Renewing its focus on decarbonising food systems by signing a Memorandum of Understanding (MoU) with the United Nations Industrial Development Organization (UNIDO) at COP30, to scale innovation in this area.
  • Providing 68 million children across 52 countries with milk or other beverages in its packages through school feeding programmes, an increase of two million children and three additional countries from 2024.
  • Conducting an in-depth review of priority human rights impacts along the full value chain.
  • Expanding restoration efforts through the Araucaria Conservation Project, with over 1,600 hectares added in 2025 alone, more than doubling the total area of land under restoration in a single year.

The FY25 Sustainability Report is available online now.

Download pdf

ABOUT TETRA PAK  

We’re here to make food safe and available. It’s why we provide advanced food production systems. In collaboration with our customers and suppliers, driven by more than 24,000 dedicated employees worldwide, we protect food sustainably every day for hundreds of millions of people in more than 160 countries. Because we’re here to fulfil a purpose: 

We commit to making food safe and available, everywhere, and we promise to protect what’s good: food, people and the planet. 

More information about Tetra Pak is available at tetrapak.com. 

youtube.com/user/tetrapak 

https://x.com/tetrapak 

https://www.linkedin.com/company/tetra-pak/ 

[1] Scope 1, 2 and 3 GHG emissions, compared to a 2019 baseline.

[2] Full year 2024.

[3] Scope 1, 2 and business travel GHG emissions, compared to a 2019 baseline.

 

PRHK 2026 Benchmark Report highlights how Hong Kong’s IPO revival, AI, and the GBA are reshaping the SAR’s PR industry

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Advertorial Desk
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The Image-Makers Look in the Mirror, and Like What They See (Mostly)


HONG KONG SAR – Media OutReach Newswire – 30 June 2026 – The Hong Kong public relations industry has a renewed sense of optimism, driven by the revival of the IPO market and expanding opportunities in technology and travel, according to the results of the 2026 PRHK Benchmark Survey. While agency leaders rated the 2025 business environment as a muted 2.50 out of 5, sentiment for 2026 climbed significantly to 3.08 out of 5.

Some key findings:

  • The “GBA Paradox”: While there is a lot of talk about the Greater Bay Area’s promise, an overwhelming 73.3% of Hong Kong PR agencies currently generate no revenue at all from the GBA. The Hong Kong government’s recent launch of the GoGlobal connect platform, which can also connect agencies to Chinese companies, is one example of an opportunity to redress the situation.
  • AI Adoption Gap: The PR sector has moved quickly to adopt AI: 81.3% of agencies now use ChatGPT, but 75% of agency leaders still flag AI as a top industry issue, struggling to bridge the gap between experimenting with tools and building disciplined, enterprise-wide operational workflows.
  • Culture Trumps Cash: Defying the “revolving door” stereotype of agency life, the industry boasts a remarkably healthy median retention rate of 84.5%. When asked what keeps talent from leaving, 87.5% of leaders cited company culture as their number-one retention driver, completely eclipsing base compensation (43.8%).

Produced by Public Relations Hong Kong (PRHK) in collaboration with the Centre for Communication and Public Opinion Survey at The Chinese University of Hong Kong, the report captures an industry successfully navigating structural challenges while keeping a firm eye on renewed growth.

Financial Services, Tech, and Tourism Lead Growth
When forecasting growth for the next 12 months, 75.0% of agency leaders identified financial services, specifically banking, insurance, and fintech, as the sector with the most potential. This optimism is largely fueled by the anticipated revival of Hong Kong’s IPO market, which is expected to generate significant communications mandates. Technology and travel/tourism tied for second, each cited by 56.3% of respondents as key growth drivers for the year ahead.

Penn Leung, Chairperson of PRHK, noted: “The Hong Kong PR industry is demonstrating remarkable resilience. While budget pressures and talent challenges remain, our agencies are adapting and showing a renewed sense of cautious optimism for 2026. The expected return of financial market activity and the structural expansion of tech and tourism prove that strategic communications counsel is more relevant than ever.”

Budget Pressures and the Threat of Fee Discounting
Pricing and client budgets remain the industry’s most pressing vulnerabilities. An overwhelming 81.3% of agency leaders cited shrinking client budgets as their number-one challenge for the coming year. Consequently, 68.8% of Hong Kong PR agencies admitted to discounting their professional fees in the last financial year to win assignments. The report warns that discounting at this scale carries compounding consequences, pushing down market fees and threatening the perceived value of strategic PR as a premium service.

David Ketchum, Research Chair of PRHK, commented: “The data reveals critical insights that agency leaders must address head-on. The disparity between ambitions in the Greater Bay Area and actual revenue generation is stark. Furthermore, the prevalence of fee discounting poses a structural threat to our industry. Agencies that will thrive in 2026 are those that firmly defend their value and operationalize new technologies to enhance their consulting-led strategies.”

Download the full 2026 PRHK Benchmark Report HERE
Download the Summary Infographic HERE

Infographic Benchmark Survey page 1
Infographic Benchmark Survey page 2
Infographic Benchmark Survey page 3
Infographic Benchmark Survey page 4

Hashtag: #PRHK

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

About PRHK

Public Relations Hong Kong (PRHK) is the city’s premier network for PR and communications professionals, dedicated to driving industry standards and representing the voice of the local market.

Post-Pandemic Health Upgrade Drives Global Brands to Southeast Asia: High-Purity Omega-3 Leader WHC Selects Singapore as Strategic First Hub

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Advertorial Desk
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SINGAPORE – Media OutReach Newswire – 30 June 2026 – WHC, the Belgium-based premium Omega-3 brand, today officially announced the launch of its flagship fish oil supplement, UnoCardio 1000, in Singapore, marking its strategic entry into the Southeast Asian market. This milestone expansion comes at a pivotal time, as Southeast Asia’s nutraceutical market enters a sophisticated new era driven by unprecedented post-pandemic health awareness. Within this landscape, Singapore—with its high disposable income and rigorous regulatory framework—stands as the premier strategic hub for top-tier international brands establishing their presence in the Asia-Pacific.

Post-Pandemic Health Upgrade Drives Global Brands to Southeast Asia: High-Purity Omega-3 Leader WHC Selects Singapore as Strategic First Hub

Singaporean Consumers Pivot to “Specialist” Brands

Despite industry growth, the supplement market faces increasing category fragmentation. Most traditional brands prioritize product line expansion to achieve mass reach. While this offers variety, it often struggles to maintain the R&D depth and extreme optimization required for individual components.

For Singapore’s “Smart Consumers” who prioritize “Health ROI,” high transparency has driven a preference for “Specialist Brands” with deep scientific expertise over generalists. These consumers demand uncompromising purity to ensure precise, effective nutritional outcomes. Amidst this consumer awakening, WHC, the premium Belgian Omega-3 specialist, officially enters Singapore. Diverging from traditional multi-line expansion, WHC has spent 26 years adhering to a philosophy of “Subtractive Focus”—concentrating all R&D resources on the ultimate purification of Omega-3 to deliver pure, cellular-level nutrition.

The Gold Standard of Omega-3: Why WHC Leads the Global Omega-3 Market

Founded by Jo Wyckmans, Europe’s “Father of Omega-3,” WHC leverages his deep expertise in co-developing the manufacturing infrastructure for pharmaceutical giant KD Pharma. Utilizing patented Supercritical Fluid Chromatography (SFC) technology, WHC achieves an industry-leading Omega-3 concentration of over 95%. By combining sustainably sourced deep-sea fish with pharmaceutical-grade craftsmanship, WHC has become synonymous with high-performance cellular nutrition worldwide.

Four Core Competencies

To deliver tangible health returns, WHC establishes the ultimate ceiling for premium fish oil in Singapore through four key product benchmarks:

  • Pharmaceutical-Grade 95% High Concentration : WHC fish oil sets a clear boundary against generic alternatives that offer only 30%-50% purity. This made in Europe, GMP-compliant High-concentration fish oil delivers clinical-grade efficacy directly to the cells.
  • Joint R&D with KD Pharma: As a GOED member, WHC partners with pharmaceutical giant KD Pharma, utilizing Supercritical Fluid Chromatography (SFC) technology to pioneer a new era in high-purity extraction.
  • Patented rTG Form & Certifications: Sourced from short-cycle small deep-sea fish to ensure purity, WHC uses the highly bioavailable rTG form, delivering a 4x higher absorption rate than standard oils. Efficacy and safety are guaranteed by IFOS 5-star and Labdoor top rankings.
  • Localized Formulation Strategy : WHC addresses the chronic Vitamin D deficiency prevalent among Southeast Asian urban professionals due to air-conditioned offices. Its flagship UnoCardio 1000 combines high-purity Omega-3 with Vitamin D3, offering the perfect synergy for modern lifestyles.


Elevating Industry Standards

WHC’s entry into Singapore marks a definitive shift in Southeast Asia’s wellness market toward scientific transparency. As pharmaceutical-grade purity becomes the new benchmark, the regional industry’s focus is moving from marketing-driven tactics to genuine R&D depth, effectively raising the professional barrier to entry.

Hashtag: #WHC

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

About WHC

Founded in Belgium in 2009 by Jo Wyckmans, the “father of Omega-3,” WHC focuses on the research and innovation of high-purity fish oil and has become a leading global brand of fish oil nutritional supplements. Since its inception, it has always adhered to the principles of purity, environmental protection, and high efficacy, committed to providing global consumers with the highest quality Omega-3 products, and has been highly recognized in the European, American, and Chinese markets.

Dusit International brings its Dusit Collection brand to Japan with the opening of a Kengo Kuma-designed lakeside retreat in Hokkaido

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Advertorial Desk
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WE Hotel Toya, Dusit Collection combines distinctive architecture,

private open-air bathing experiences, refined dining, and Dusit’s

signature Thai-inspired gracious hospitality on the shores of Lake Tōya

BANGKOK, THAILAND – Media OutReach Newswire – 30 June 2026 – Dusit International, one of Thailand’s leading hotel and property development companies, is continuing its strategic expansion in Japan with the opening of WE Hotel Toya, Dusit Collection, a serene lakeside retreat in Hokkaido designed by internationally acclaimed architecture studio Kengo Kuma & Associates.

Each guestroom offers approximately 37 sq m of living space with sweeping views of Lake Tōya.
Each guestroom offers approximately 37 sq m of living space with sweeping views of Lake Tōya.

Officially joining the Dusit Collection brand on 1 July 2026, WE Hotel Toya, Dusit Collection marks the first Dusit Collection hotel in Japan and Dusit’s third hotel in the country, building on the momentum established by ASAI Kyoto Shijo, a neighbourhood-inspired lifestyle hotel, and Dusit Thani Kyoto, a Michelin-Key recognised luxury hotel inspired by Kyoto’s rich cultural heritage.

Dusit Collection is Dusit International’s upper-upscale and luxury brand designed for distinctive hotels and resorts that celebrate individuality, local culture, thoughtful design, and a deep connection with each destination. Each property is carefully selected for its unique character and ability to create experiences shaped by the people, places, and stories that surround it.

Located on the shores of Lake Tōya, a scenic caldera lake at the heart of the Toya-Usu UNESCO Global Geopark in southwestern Hokkaido, and approximately 100 minutes by car from New Chitose Airport, WE Hotel Toya, Dusit Collection welcomes guests to one of Japan’s most captivating natural destinations, celebrated for its volcanic landscapes, natural hot springs, outdoor adventures, and spectacular seasonal scenery.

Originally opened in 2018, the intimate luxury retreat features a striking architectural identity created by Kengo Kuma & Associates, whose extensive body of work includes the Japan National Stadium in Tokyo and Scotland’s V&A Dundee design museum. Inspired by the surrounding landscape, the resort’s design blends natural materials, warm textures, and a contemporary interpretation of Japanese craftsmanship to create a seamless connection between the interiors and the lake, forests, and mountains beyond.

The property features 55 lake-view guestrooms alongside three expansive two-storey villas offering additional space and privacy for families and small groups. Each guestroom offers approximately 37 sq m of living space and includes its own private open-air bath overlooking Lake Tōya, allowing guests to enjoy the calming tradition of Japanese open-air bathing in complete privacy. Guests can also enjoy a large communal bath with panoramic lake views, creating a restorative bathing experience deeply connected to the destination.

As part of its transition to Dusit Collection, the resort’s culinary concepts have been refreshed to create a thoughtful dialogue between Japanese craftsmanship and Dusit’s Thai heritage, showcasing the best of Hokkaido’s seasonal ingredients alongside signature Thai influences.

EZO Cuisine celebrates Hokkaido’s rich culinary heritage and highlights local producers through Japanese cuisine enhanced with refined international techniques. Breakfast highlights include Japanese and Thai set menus featuring locally sourced vegetables, premium Hokkaido rice, dairy products, seasonal juices, and original herbal teas, while dinner focuses on carefully crafted seasonal menus.

Guests can also discover authentic Thai noodle favourites at The Noodle Bar, including spicy and aromatic Tom Yum noodles and Khao Soi (a rich, coconut-based curry noodle dish from northern Thailand), while TARU Bar, named after the Japanese word for wooden cask, celebrates Japan’s traditions of ageing and craftsmanship through a curated selection of organic Japanese teas from Dusit’s tea garden in Kyoto, alongside sake, whisky, and craft liqueurs. Toya Bar completes the experience with creative cocktails, premium spirits, and relaxed lakeside evenings.

“Japan is an important strategic market for Dusit, and the arrival of Dusit Collection represents another exciting milestone in our journey to bring our unique style of Thai-inspired gracious hospitality to destinations with distinctive character and strong cultural appeal,” said Chanin Donavanik, Group CEO, Dusit International. “WE Hotel Toya, Dusit Collection perfectly embodies the spirit of the Dusit Collection brand, demonstrating how thoughtful design, local connections, and personalised service can come together to create experiences that truly reflect their destinations.”

Reservations for WE Hotel Toya, Dusit Collection are now open, with a special introductory offer inviting guests to experience the newly rebranded lakeside retreat. Available for stays from 1 July – 30 September 2026, the offer includes 20% savings on a half-board stay, including two meals daily.

For more information, please visit dusit.com/dusitcollection-wehotel-toya

Hashtag: #Dusit

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

About Dusit International

Established in 1949, 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, Real Estate Development, 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

About Dusit Hotels and Resorts

is the hotel arm of Dusit International. 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 Suites, Dusit Collection, Dusit Hotels, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide.

For more information, please visit

L’Occitane en Provence Marks 50 Years of Crafting Life Ties, Unveils Global Reinvention and Celebrates in Malaysia with “Maison Surprise”

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Advertorial Desk
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From Haute‑Provence to the World, a New Chapter Where Beauty Connects People, Communities and Nature


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 30 June 2026 – L’Occitane en Provence celebrates its 50th anniversary in 2026, marking a major milestone in its journey from the fields of Haute‑Provence to becoming a globally recognised beauty Maison. Entering this new chapter, L’Occitane unveils a global reinvention of its brand, product collections, and customer experience, while bringing its purpose of “Crafting Life Ties” to life through meaningful local activations, including the “Maison Surprise” campaign in Malaysia.

L'Occitane en Provence 50 Years of Crafting Life Ties
L’Occitane en Provence 50 Years of Crafting Life Ties

From Provençal Soil to a Global Beauty Maison
“The day L’Occitane en Provence was born, there was an alembic, a fire, some rosemary, and many doubts… I did not create a company – I made a gesture.” — Olivier Baussan, Founder

Founded in 1976 by Olivier Baussan, L’Occitane began with the simple distillation of rosemary essential oil, sold at markets in Haute‑Provence. What started as a humble, instinctive gesture rooted in respect for nature has grown into a global beauty brand present in over 90 countries, with more than 3,000 points of sale and 8,500 employees worldwide.

For five decades, L’Occitane has built its identity on meaningful ties – between plants and people, craftsmanship and science, Provence and the world. From Lavender and Shea Butter to Almond and Immortelle, the Maison continues to transform natural ingredients into sensorial, effective, and responsible beauty experiences.

2026: A Pivotal Year of Reinvention
As it celebrates 50 years, L’Occitane enters a new era defined by creative renewal, product transformation, and cultural expression.

“Half a century ago, L’Occitane was born from a simple gesture… Today, we look ahead with pride and excitement for what we will continue to build.” — Adrien Geiger, CEO, L’Occitane en Provence

Reimagining the Brand and Creative Vision
Rooted in the dual heritage of nature and culture, L’Occitane reinterprets its Provençal identity through:

  • A renewed creative direction across campaigns and retail
  • A deeper dialogue with art and cultural expression
  • The launch of initiatives such as the Prix Cultures, supporting emerging creative talents linked to Provence

In parallel, Founder Olivier Baussan unveils a new book, sharing a poetic reflection on the human and sensory journey behind the Maison’s origins.

A Complete Product Reinvention (2025–2027)
L’Occitane is undertaking a full redesign of its product portfolio, enhancing sensoriality, performance, and design.
Key Transformations

  • Fragrance Relaunch: Flora Orchestra introduces a new olfactory identity
  • Body Care Icons Reimagined:
    • Karité Confort (Shea Butter)
    • Amande Sublime (Almond)
  • Home Collection Redesign: Apothecary-inspired soaps and diffusers
  • Future Innovation (from 2027):
    • Divine Cream
    • Reset Serum
    • Repairing Shampoo

This transformation reflects L’Occitane’s continued commitment to combining botanical expertise, advanced science, and elevated sensorial experiences.

A Renewed Identity and Experience
Beyond products, L’Occitane is reimagining:

  • Store and spa concepts
  • Digital and campaign identity
  • Global retail experiences, including Provençal-inspired pop-ups

These initiatives bring to life the sensory richness and art de vivre of Haute-Provence in a more immersive and contemporary way.

A Stronger Commitment: Crafting Life Ties
At the heart of this reinvention is L’Occitane’s reaffirmed purpose: Crafting Life Ties.
This commitment focuses on strengthening:

  • The relationship between people and communities
  • The connection between humans and nature
  • A more responsible and regenerative approach to beauty

Backed by decades of action from fair-trade sourcing and biodiversity preservation to circular packaging and B Corp™ certification – the Maison continues to drive positive impact globally.

2026 also marks:

  • 20 years of the L’Occitane Foundation
  • 25 years of L’Occitane Spas


Celebrating 50 Years in Malaysia: Maison Surprise by L’Occitane
In Malaysia, this global milestone comes to life through “Maison Surprise“, a nationwide celebration designed to thank and engage the L’Occitane community.
Activation Highlights

  • 20,000 complimentary gifts distributed to members
  • Available to new and existing members, no purchase required
  • Activated across 6 key locations:
    • 1 Utama
    • Sunway Pyramid
    • IOI City Mall
    • The Gardens Mall
    • AEON Tebrau City
    • Gurney Plaza

At the heart of the campaign are interactive vending machines, transforming everyday retail moments into unexpected, joyful experiences.
Each interaction offers:

  • Complimentary L’Occitane products
  • Exclusive vouchers for continued discovery

A Celebration of Community, Generosity and Connection
More than an activation, Maison Surprise reflects the values that have defined L’Occitane for 50 years:

  • Generosity
  • Human connection
  • Community engagement

It celebrates the Malaysian community that has been part of the brand’s journey while reinforcing its purpose of bringing people closer to one another and to nature.

Looking Ahead: The Next 50 Years
As L’Occitane enters its next chapter, it does so with a renewed ambition: to create beauty that is not only sensorial and effective, but also a force for connection, empowerment, and positive change. From Provence to Malaysia and beyond, L’Occitane continues to build a world where beauty becomes a bridge between people, cultures, and the natural world.
Hashtag: #LOccitaneMY #LOccitaneEnProvence #50Years


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

L’Occitane en Provence

L’Occitane en Provence is a premium beauty brand founded in 1976 in Haute-Provence, France. Inspired by the region’s rich biodiversity and culture, the brand creates skincare, fragrance, body care, and home products using high-quality botanical ingredients.

Today, L’Occitane operates:
  • 3,000+ boutiques worldwide
  • 100 spas
  • 2,500 partner hotels
  • Le Couvent des Minimes, its flagship hotel and spa
The L’Occitane Group is a B Corp™ certified company, committed to sustainability, biodiversity, and community impact.

Laos Raises Tax-Free Income Threshold Under New Personal Income Tax Rules

By
Phoudasack Vongsay
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Laos reduces value added tax (VAT)

Laos has officially raised the monthly income exempt from personal income tax from LAK 1.3 million (USD 58.8) to LAK 2.5 million (USD 113.5), giving lower-income workers a larger tax-free allowance while leaving tax rates unchanged.

The revised personal income tax system, promulgated by a presidential decree on 6 August 2025, takes effect this month and applies to salaries, wages, bonuses, allowances and other employment income, according to the Ministry of Finance.

Under the new system, monthly earnings of up to LAK 2.5 million are exempt from income tax. Income above that threshold will continue to be taxed progressively at rates ranging from 5 percent to 25 percent, with each rate applying only to the portion of income within the relevant bracket.

Previously, workers began paying income tax once their monthly income exceeded LAK 1.3 million.

With the current regulations, If a person earning LAK 6 million (USD 272) a month would pay no tax on the first LAK 2.5 million. The next LAK 2.5 million would be taxed at 5 percent, while the remaining LAK 1 million would be taxed at 10 percent.

Farming and Property Transfer

The revised regulations also update tax rates for several other categories of income.

Transfers or sales of agricultural land for farming will be taxed at 1 percent of total income. A 2 percent rate applies to income from share sales, property transfers, land-use rights, and business activities including agriculture, handicrafts, trade and services where annual income exceeds LAK 100 million (USD 4,528).

Lottery prizes above LAK 10 million (USD 454), gifts or awards exceeding LAK 5 million (USD 227), intellectual property income, qualifying sports and entertainment earnings, and construction or repair services will be subject to a 5 percent tax. Dividends, profit distributions and other shareholder benefits will continue to be taxed at 10 percent.

The changes come as Laos seeks to strengthen public finances while easing pressure on households after several years of high inflation and currency volatility. Official figures show the economy expanded by 5 percent in the first half of 2026, while annual inflation slowed to 7.4 percent in June, according to data presented during the government’s expanded cabinet meeting on 25 June.

Orqa and Remote Robotic Systems Launch $150M Partnership to Build Canadian Sovereign Capability in Drones, AI, and Counter-UAS Systems

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Advertorial Desk
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  • Canada becomes the first non-EU country to join the EU’s Security Action For Europe ‘SAFE’ initiative
  • Estimated to create 100 new high value tech jobs
  • Target of 10,000 systems per month by 2029

TORONTO, June 30, 2026 /PRNewswire/ — Remote Robotic Systems (RRS) Inc. and Orqa d.o.o. are delighted to announce the signing of an exclusive partnership agreement to expand production of Orqa systems and components in Canada, with the goal of supplying both domestic and export markets. The agreement was signed by Orqa co-founder and CCO Ivan Jelusic and RSS CEO Kevin Toderel, with Mark Carney, Prime Minister of Canada, and Andrej Plenković, Croatian Prime Minister present, highlighting the significance of this deal. 

From L to R:Kevin Toderel, CEO of Remote Robotics Systems, Andrej Plenković, Prime Minister of Croatia, Mark Carney, Prime Minister of Canada, Ivan Jelusic, CoS and Co-Founder of Orqa.
From L to R:Kevin Toderel, CEO of Remote Robotics Systems, Andrej Plenković, Prime Minister of Croatia, Mark Carney, Prime Minister of Canada, Ivan Jelusic, CoS and Co-Founder of Orqa.

Canada is breaking new ground as the first non-European country to participate in the Security Action For Europe (SAFE) initiative, designed to increase the EU’s sovereign defense capabilities and reflecting the shared ambition of both parties to deepen their defence ties and strengthen joint security cooperation. 

The agreement is a significant milestone for the Croatian drone developer, marking the first deployment of its new Defense Transformation Platform, designed to help countries build sovereign drone ecosystems.  It will deliver strong growth and value for Canada, starting with an initial investment of $20M CAD to fund the expansion of RRS production facilities.

The deal itself is worth an estimated $150M CAD over the next five years, and will create up to 100 new high value technology jobs in Ottawa and Toronto by Q4 2027. The partners confidently expect to scale to 1000 systems per month by mid 2027, with a target of 10,000 per month over the course of the agreement.

Ivan Jelusic, CCO at Orqa, said, “This MoU will formalize the strategic framework for cooperation between RRS and Orqa to co-develop, manufacture, and commercialize advanced defence technologies. The specific focus is on uncrewed systems, counter-drone capabilities, and AI integration. RRS is the leading supplier of these systems to the armed forces and first responders in Canada, making them our ideal partner. We are committed to helping our allies create sovereign defence capabilities and this partnership is another step forward towards that goal.“

Kevin Toderel, CEO of RRS, added, “Orqa is the global leader in sUAS systems. We are proud to be able to build these systems in Canada and work with Orqa to increase capabilities and act as a supply chain and software development partner, bringing Canadian IP to the world. Our aim is to build Canadian capability and capacity for sUAS systems, ensuring Canada has ready access to this essential strategic resource now and in the future.”

The collaboration agreement defines four core areas:

  1. Technology Transfer & Production Licensing: Orqa will facilitate the transfer of relevant technology and grant production licenses to RRS to enable localized Canadian manufacturing.
  2. Force & Capability Development: Joint development of solutions tailored to meet the evolving operational requirements of Canada’s armed forces, first responders and allied NATO partners.
  3. AI Implementation: Collaboration on the research, development, and integration of RRS’s sovereign AI capabilities onto mutually developed and manufactured platforms.
  4. Hub Establishment: Developing RRS’s facilities as Orqa’s second North American manufacturing hub and primary export launchpad into the continent’s broader defence and commercial market.

About Orqa. Orqa is Europe’s leading drone technology company, designing and manufacturing components and complete FPV/unmanned aerial systems in Croatia for customers in 50+ markets worldwide. Fully vertically integrated manufacturing ensures complete supply chain independence, with all key components made in the EU. Orqa is one of the fastest growing companies in Europe, ranked #135 overall – and #2 in Aerospace & Defense – in The Financial Times’ FT1000 list of Europe’s 1000 fastest-growing companies.

About Remote Robotic Systems.

Remote Robotic Systems is Canada’s largest and fastest growing drone provider, supplying the Canadian armed forces, 24 of the 25 largest public safety agencies, and some of Canada’s largest industrial drone fleets. With manufacturing in Ottawa and Mississauga, RRS is the leading supplier of domestically produced platforms to the Canadian forces and a pioneer in developing critical sovereign capabilities like the “Wingman” Co-Pilot and the Arctic Falcon platform. Our world-leading training programs ensure that operators are able to successfully complete complex missions in real-world environments.

#Orqa
#RemoteRoboticSystems

BMO to Acquire Australia-Based Capital Markets Business of Euroz Hartleys Group, Strengthening Global Metals & Mining Leadership

By
Advertorial Desk
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  • Combines BMO’s market-leading global metals and mining franchise with premier Australian distribution platform, strengthening BMO’s position as the leading global metals and mining investment bank
  • Enhances BMO’s integrated global platform connecting clients to capital, investors and opportunities across North America, Europe and Australia

TORONTO and PERTH, June 30, 2026 /PRNewswire/ — BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has entered into a definitive agreement to acquire the Australia-based capital markets business of Euroz Hartleys Group Limited (ASX:EZL), a leading metals and mining-focused equity capital markets, M&A and strategic advisory firm. Euroz Hartleys Group’s private wealth business will remain independent and will enter into a strategic alliance agreement with BMO to preserve the interconnected relationship between the capital markets and private wealth businesses and support continued collaboration, research access and distribution opportunities. The transaction is anticipated to close in the fourth quarter of calendar year 2026 and is subject to Euroz Hartleys shareholder approval, applicable regulatory approvals and other customary conditions.

The transaction will combine BMO’s market-leading metals and mining franchise with one of Australia’s premier equity distribution platforms and will create a truly integrated global capability for clients. Australia is among the most important centres for metals and mining capital formation worldwide, with a market comparable to Canada and growing influence across global markets. This strategic acquisition will enhance BMO’s ability to serve clients where capital is forming, underscoring the importance of a scaled local presence.

“This is a defining step forward in strengthening our position as the leading metals and mining investment bank globally,” said Carrie Cook, Global Head, Investment & Corporate Banking, BMO Capital Markets. “By combining our global distribution capabilities with deep local expertise in Australia, we are building a more connected platform that will enable clients to access capital and opportunities across markets. As capital formation continues to shift globally, our clients increasingly expect seamless access to investors and opportunities across markets—and this transaction supports our ambition to be ahead of that evolution.”

“This combination will bring together two highly complementary businesses to create a stronger and more competitive global platform,” said Andrew McKenzie, Executive Chairman of Euroz Hartleys. “BMO provides immediate access to the leading global franchise in metals and mining and significantly expands our ability to connect Australian clients with international capital. We are excited to be part of a team that is setting the standard for the sector globally.”

Since 2004, BMO has had a presence in Australia, with an office in Melbourne. At closing, approximately 40 Euroz Hartleys Group team members are expected to join BMO Capital Markets, further strengthening its regional and global capabilities. Together, the combined team will operate as an integrated global platform, enhancing connectivity across North American, European and Australian markets.

In connection with the transaction, BMO Capital Markets acted as BMO’s exclusive financial advisor. DLA Piper and Osler, Hoskin & Harcourt LLP acted as legal counsel to BMO. Grant Samuel acted as financial advisor and Steinepreis Paganin acted as legal counsel to Euroz Hartleys Group.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

About Euroz Hartleys Group

Euroz Hartleys is a leading Western Australian financial services firm providing private wealth, institutional broking and corporate finance services. Euroz Hartleys has built a highly respected Capital Markets franchise, with deep expertise across equities research, institutional sales and trading, equity capital markets and mergers and acquisitions advisory. The firm’s Private Wealth business provides tailored investment advice and financial planning services to high net worth individuals, families and private clients. Euroz Hartleys is headquartered in Perth, Western Australia and is listed on the Australian Securities Exchange.

Caution Regarding Forward Looking Statements

Certain statements in this press release are forward-looking statements.  All such statements are made pursuant to the “safe harbor” provisions of, and are intended to be forward-looking statements under, the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements with respect to the expected closing of the proposed transaction, the financial and operational impact of the proposed transaction, our future arrangements with Euroz Hartleys Group Ltd., our strategies or future actions, and include statements made by our management. Forward-looking statements are typically identified by words such as “expect” and “will” or negative or grammatical variations thereof.

By their nature, forward-looking statements are based on various assumptions and are subject to inherent risks and uncertainties. We caution readers of this press release not to place undue reliance on our forward-looking statements as the assumptions underlying such statements may not turn out to be correct and a number of factors could cause actual future results, conditions, actions or events to differ materially from the expectations, estimates or intentions expressed in the forward-looking statements. Such factors include, but are not limited to: the possibility that the proposed transaction does not close when expected or at all because required regulatory approvals and other conditions to closing are not received or satisfied on a timely basis or at all or are received subject to adverse conditions or requirements; the anticipated benefits from the proposed transaction, including the strategic alliance agreement, are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations (including changes to capital requirements) and their enforcement; reputational risks and the reaction of BMO’s customers and employees to the transaction; diversion of management time on transaction-related issues; and those other factors discussed in the Risks That May Affect Future Results section, and the sections related to credit and counterparty, market, liquidity and funding, operational non-financial, legal and regulatory compliance, strategic, environmental and social, and reputation risk, in the Enterprise-Wide Risk Management section of BMO’s 2025 Annual Report, as updated by BMO’s quarterly reports, all of which outline certain key factors and risks that may affect our future results and our ability to anticipate and effectively manage risks arising from all of the foregoing factors. We caution that the foregoing list is not exhaustive of all possible factors. These factors should be considered in addition to other uncertainties and potential events, and the inherent uncertainty of forward-looking statements.

BMO does not undertake to update any forward-looking statement, whether written or oral, that may be made, from time to time, by the organization or on its behalf, except as required by law.

Media Contact: Jeff Roman, jeff.roman@bmo.com, (416) 867‑3996; Investor Relations Contact: Christine Viau, Christine.viau@bmo.com, (416) 867-6958; Bill Anderson, bill2.anderson@bmo.com, (416) 867-7834

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