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Copeland Expands Variable Speed Integrated Solution Portfolio Addressing Global Efficiency and Sustainability Challenges

New advanced solutions in climate control and energy management promise greater operational efficiency and reduced environmental impact for multiple applications

SUZHOU, China, Feb. 17, 2025 /PRNewswire/ — Copeland, a global provider of sustainable climate solutions, announced today the expansion of its variable speed technology platform, integrating compressors, drives, and controllers for heating, cooling and refrigeration systems. This integrated solution drives enhanced efficiency, precise control, and sustainability across a wide range of heating and cooling applications ­— including energy storage, data centers, transportation, convenience stores and supermarkets — playing a key role in advancing the global energy transition.

According to the International Energy Agency, as of 2024, heating in buildings is responsible for 4 gigatonnes (Gt) of CO2 emissions annually, representing approximately 10% of total global emissions. In the data center sector, global demand is projected to grow 2.5 times its current level by 2030, with consistent growth across all regions.

Copeland’s variable-speed integrated solution empowers customers to reduce system design costs, accelerate time to market, and achieve operational excellence. By delivering cost savings and promoting environmental stewardship, this solution positions businesses to meet evolving global sustainability demands.

Specifically designed for data centers, chillers, heat pumps, and energy storage applications, the 130cc variable-speed solution can achieve up to 30% energy savings*. It meets stringent regulatory standards while advancing sustainability initiatives, ensuring customers remain future-ready in an increasingly eco-conscious world. 

“Operational efficiency, sustainability, and precise control are critical in meeting the global climate challenges of today and tomorrow,” said Sridar Narayanswami, vice president & general manager, marketing Asia, Middle East & Africa for Copeland. “At Copeland, we are committed to innovation, providing our customers with comprehensive solutions that accelerate time to market and reduce system design costs while providing sustainable value to our customers. Our variable speed integrated solutions enable advanced energy efficiency with the flexibility to support multiple low-GWP refrigerants to support sustainability across a wide range of applications.”

Comprehensive Solutions for Diverse Applications

Copeland’s variable speed integrated solution delivers outstanding performance across a range of sectors, from green buildings and data centers to transportation applications. In data centers, Copeland’s drive technology ensures a high-power factor and low iTHD, enabling precise temperature and humidity control essential for uninterrupted hyperscaler operations. Its compact design is perfectly suited for transportation applications such as electric buses and trains, where space and efficiency are critical.

Additionally, Copeland’s solutions accelerate the shift from fossil fuels to air-source heat pumps, delivering exceptional efficiency even in low ambient conditions through enhanced vapor injection technology. By incorporating low-GWP refrigerants like R-454B / R-290, Copeland underscores its commitment to sustainability and helping its customers to minimize environmental impact.

Learn more about Copeland’s sustainable and energy-efficient variable speed solutions at Copeland.com.

*Based on Copeland’s comprehensive internal testing. Note that actual results may vary depending on specific application environments and conditions of use.

About Copeland

Copeland is a global leader in sustainable heating, cooling, cold chain and industrial solutions. We help commercial, industrial, refrigeration and residential customers reduce their carbon emissions and improve energy efficiency. We address issues like climate change, growing populations, electricity demands and complex global supply chains with innovations that advance the energy transition, accelerate the adoption of climate friendly low GWP (Global Warming Potential) and natural refrigerants, and safeguard the world’s most critical goods through an efficient and sustainable cold chain. We have over 18,000 employees, with feet on the ground in more than 40 countries – a global presence that makes it possible to serve customers wherever they are in the world and meet challenges with scale and speed. Our industry-leading brands and diversified portfolio deliver innovation and technology proven in over 200 million installations worldwide. Together, we create sustainable solutions that improve lives and protect the planet today and for future generations. For more information, visit copeland.com.

MAXHUB Strengthens Commitment to Sustainability with UNGC Principles Integration in Global Operations

GUANGZHOU, China, Feb. 17, 2025 /PRNewswire/ — As a proud supporter of the United Nations Global Compact (UNGC), MAXHUB, a global leader in integrated communication and display solutions, is intensifying its efforts toward sustainable development and human rights protection. Through strategic integration of UNGC principles, the company aims to foster inclusive growth and environmental responsibility worldwide.

MAXHUB’s commitment to the UNGC underscores its dedication to aligning with ten fundamental principles concerning environmental protection, human rights, labor standards, and anti-corruption.

10 Principles advocated by UNGC
10 Principles advocated by UNGC

MAXHUB demonstrates a strong commitment to environmental protection and sustainability, integrating these principles into its operations. The company prioritizes reducing greenhouse gas emissions, enhancing energy and water efficiency, and managing waste responsibly. By leveraging technological innovation, MAXHUB creates environmentally friendly products, focusing on display technology, AI, and heat dissipation. The 2023 release of its large teaching model and smart conference model highlights this dedication.

Collaborating with industry partners, MAXHUB contributes to advancing sustainability efforts across the sector. Sustainable product lifecycle management is a key focus, emphasizing using eco-friendly materials and minimizing environmental impact from material selection to end-of-life. In 2023, MAXHUB reported total greenhouse gas emissions of 22,630.19 tons of carbon dioxide equivalent, with an emission intensity of 1.12 tons per million yuan of revenue, reflecting ongoing efforts to enhance carbon emission management strategies.

MAXHUB also places significant emphasis on respecting and protecting human rights, especially in its supply chain and labor practices. It strictly prohibits child labor, forced labor, and workplace discrimination or harassment. The company conducts due diligence on conflict minerals and prioritizes data privacy and security. Employee rights are upheld through a human rights declaration and collective agreements aligned with the International Labour Organization’s core conventions. MAXHUB promotes equality, diversity, and labor rights, fostering a diverse workforce and advancing women into leadership roles.

Moreover, MAXHUB maintains high ethical standards through its comprehensive Business Ethics Code of Conduct coupled with robust integrity systems ensuring transparency across all business dealings. Suppliers must adhere strictly by signing an Integrity Agreement which fosters ethical conduct throughout the supply chain network supported by regular audits reinforcing this culture.

Moving into the new year, MAXHUB plans to continue expanding into new markets while innovating further according to global sustainability trends. The company remains dedicated to pushing forward with sustainable development initiatives alongside corporate social responsibility efforts.

For more information, please visit: https://www.maxhub.com/en/esg/.

Apex by Arya.ai: Advanced APIs for Intelligent AI Agents

MUMBAI, India and NEW YORK, Feb. 17, 2025 /PRNewswire/ — AI Agents are rapidly transforming industries by automating routine tasks, making informed decisions, and unlocking new levels of human autonomy. From conversational bots to decision-support systems, AI Agents are reshaping work processes—freeing people to focus on creative, strategic endeavors.

 

Arya.ai's Apex Enables the Future of Work with AI Agents
Arya.ai’s Apex Enables the Future of Work with AI Agents

 

Building AI Agents, however, remains complex and resource-intensive. Apex, a platform for AI APIs developed by Arya.ai, simplifies this by offering pre-trained AI models in NLP, Computer Vision, and Predictive Analytics. These tools empower developers to create robust, autonomous solutions without requiring deep AI expertise or extensive infrastructure.

“Our vision at Arya.ai is to empower humans by making advanced AI accessible,” said Deekshith Marla, Co-founder of Arya.ai. “With Apex, any developer can easily create sophisticated AI Agents that manage the mundane and repetitive, allowing people to Innovate, Strategize, and Solve more complex problems while reducing development time and costs.”

Apex: Accelerating AI Agent Development

Apex offers essential tools for building AI Agents, including:

  • Intelligent Security & Phishing Detection

    Detect phishing attacks with the Phishing Detector API, which assesses the security of a URL domain by providing a confidence score. Email Phishing Detection API scans emails, analyze text, links, and attachments for potential phishing or spam threats.

  • Computer Vision:

    Detect objects, extract information from images/documents, and analyze video streams. APIs like Document Fraud Detection and KYC Extraction enable AI Agents to automate verification and ensure compliance.

  • Predictive Analytics:

    Utilize machine learning APIs for forecasting, anomaly detection, and data-driven decision-making in financial transactions. This helps in providing personalized AI recommendations and adaptive learning models to drive sales and foster customer interactions.

  • Workflow Orchestration:

    Seamlessly integrate with existing systems and automate workflows, enabling agents to coordinate complex, multi-step tasks across multiple channels.

These features simplify AI Agent development, reduce time-to-market, and cut infrastructure costs.

Real-World Applications

Developers leverage Apex to create Intelligent, Autonomous Solutions across industries, transforming operations and decision-making at scale.

Banking & Fintech

  • AI-Powered Financial Underwriting
    • Lenders and insurers use Apex’s Document Extraction and Predictive Analytics APIs to analyze financial statements, employment records, and spending patterns.
    • Automates risk assessment and accelerates loan approvals while reducing fraud. Helps fintech platforms offer personalized lending recommendations.

Insurance

  • Autonomous Claims Processing
    • Computer Vision APIs analyze images for Damage Assessment in Insurance Claims.
    • Reduces claim settlement time by over 50%, minimizing fraud and enhancing customer experience.

Healthcare & Diagnostics

  • AI Diagnostics with Computer Vision
    • Medical Imaging Analysis helps detect anomalies in X-rays, MRIs, and CT scans.
    • Supports healthcare professionals in early disease detection and precision diagnostics.
    • Determine health claim eligibility and calculate the appropriate adjudication while proactively mitigating potential fraud.

Explore the Power of Apex

Don’t be left behind. Arya.ai invites Enterprises, Developers, and Innovators to discover how Apex can transform AI Agent deployment—driving higher efficiency, faster decision-making, and greater human autonomy.

About Arya.ai

Arya.ai is now a part of Aurionpro Solutions, a global leader in enterprise solutions specializing in banking and financial services. As our parent company, Aurionpro brings decades of IT and Software Product expertise and a shared vision for leveraging AI to transform industries.

Arya.ai empowers businesses to boost productivity while reducing costs. Its flagship platform, Apex, offers AI APIs—enabling developers to build and scale AI Agents that streamline processes, drive strategic decisions, and free humans for more meaningful work, shaping a future where technology enhances human potential.

 

 

YSH Farm Unveils New Brand: Original Tiong Bahru


SINGAPORE – Media OutReach Newswire – 17 February 2025 – YSH Farm, a third-generation Singaporean farm renowned for its premium-quality ducks since 1976, proudly announces the launch of its new brand, Original Tiong Bahru.This Chinese New Year, the brand pays homage to Singapore’s culinary heritage by reviving traditional recipes that date back to the 1930s.

YSH Farm roasted pig and specialties
YSH Farm roasted pig and specialties

Inspiration Behind Original Tiong Bahru

The name “Original Tiong Bahru” reflects the brand’s deep connection to Singapore’s rich food culture. YSH Farm has long supplied its heritage recipes to famous stalls in Tiong Bahru. By preserving these original tastes, the brand seeks to provide a culinary bridge between the past and the present.

“We want the younger generation to experience the flavours of old-school Singapore while honouring the traditions that have shaped our culinary identity,” said Ying Xin, B2C brand manager from YSH Farm.

The recipes showcased under Original Tiong Bahru have been carefully curated to preserve the culinary traditions passed down through generations. These heritage dishes are not just food but a celebration of the stories and values that have shaped Singapore’s food culture.

A Unique Offering in the Market

Original Tiong Bahru distinguishes itself with its focus on specialty products, including signature dishes such as Roasted Duck and Suckling Pig. These premium pork and duck meat recipes have been specially reserved for the brand to create an authentic and exclusive dining experience for customers.

In addition to these staples, the brand will feature a limited-time goose offering for Chinese New Year. This rare delicacy, prepared by a master chef with over 50 years of expertise, is a testament to the brand’s commitment to quality and tradition.

Exclusively Online Availability

Original Tiong Bahru’s products will be available exclusively online. Customers will gain convenient access to these heritage dishes. The Goose Offering, in particular, will be available for a limited time and in limited quantities. Customers are encouraged to place their orders early to secure this delicacy before it’s gone.

Future Plans

While YSH Farm is not focused on rapid expansion, the fresh poultry and frozen meat supplier in Singapore envisions introducing more specialty products under the Original Tiong Bahru brand.

“Our goal is not growth for the sake of growth but to ensure that people value these heritage products,” as revealed by Mr Chew, product manager of YSH Farm. “We hope these offerings can be appreciated for their cultural significance.”

With the launch of Original Tiong Bahru, YSH Farm continues its mission to connect the past with the present through food.
Hashtag: #yshfarm


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

About YSH Farm

Founded in 1976, YSH Farm is a third-generation Singaporean farming family committed to excellence and sustainability in poultry farming. Known for supplying fresh, premium-quality ducks, YSH Farm has served Singapore’s top chefs and restaurants for nearly five decades.

Apple Storage Celebrates 20th Anniversary Five New Branches Opened in the First Quarter Offering Rent-Free Periods to All Customers


HONG KONG SAR – Media OutReach Newswire – 17 February 2025 – To celebrate the 20th anniversary of Apple Storage, Apple Storage Group (the group) is not only preparing for large-scale celebration activities this year, but also vigorously expanding its branch network at the beginning of 2025. In the first quarter, five new branches will be opened, and for the first time that the group has entered Kennedy Town and North Point. The group will also celebrate with Hong Kong citizens, offering rent-free periods for all to immediately increase living space at home!

Accelerated Development, Expanding Branch Network

This year, the group has added five new branches in Kennedy Town, North Point, Wong Chuk Hang, Kwun Tong, and San Po Kong, four of which are already in operation. Moreover, Apple Storage has over 120 branches in Hong Kong now, serving more than 100,000 customers. The group aims to surpass 180 branches throughout Hong Kong within three years.

Fifth-Generation Branches with Fully Upgraded Environment

Apple Storage has always led industry to progress together and improve the branch environment, differentiating itself from typical industrial storage. Entering its 20th year of operation, the group has launched new branches with fifth-generation design. The branches are fully equipped with intelligent sensor lights and facial recognition systems, utilizing smart technology to enhance the storage experience. With a fresh branch design, customers will have a brand-new impression.

Twenty Years of Grouping Management with Safety and Compliance

The group is committed to promoting the importance of storage safety in the industry and complying with the safety standards and regulations of government departments. Branches under the group have successively obtained safety certificates from the Fire Services Department and the Buildings Department. The group will also constantly cooperate with government departments to optimize branch safety facilities, making it the storage brand with the most branches that have “passed the inspections of the Fire Services Department and the Buildings Department” in Hong Kong.

Introducing the Latest Technology for Electronic Management

The group invests heavily in intelligent technology every year to revitalize the storage business. Recently, it collaborated with Wonder, a well-known local payment platform provider, to develop a digital payment and financial management platform tailored for storage. It has been used in all branches since this year, integrating different payment methods and order processing workflows to provide customers with more electronic payment channel choices while optimizing daily paperwork at the branches. This year, AI will be introduced to analyze customer data and provide more thoughtful storage services.

Celebrating the 20th Anniversary with Abundant Discounts

As Apple Storage reaches its 20-year milestone, the group is preparing to hold a series of celebration activities. In addition to rewarding employees, it is also planning large-scale citywide events to celebrate with the public, including offering rent-free periods for storage, free transportation, rental cash vouchers, etc. Long-term supportive customers will also be invited to participate in the celebration. Apple Storage is currently launching its 20th-anniversary promotion. Apple Storage offers 4-months rent-free period and free transportation to new customers, providing a one-stop solution to storage problems.

Looking Back on Twenty Years, Never Forgetting the Original Intention

Over the past twenty years, we have experienced the ups and downs of Hong Kong’s economy and witnessed tremendous changes in society. When faced with unprecedented challenges and difficulties, Apple Storage Group has always adhered to its customer-centric approach, continuously improving service quality, perfecting storage facilities, actively introducing advanced management technologies and security equipment, and enhancing the overall quality of storage design and leisure spaces to provide customers with safe, convenient, and reliable storage services. We have always stayed true to our original intention and are committed to providing customers with high-quality products and services.

Hashtag: #AppleStorage

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

About Apple Storage

Founded in 2005, The group is a well-known brand in the storage industry and has been awarded the Outstanding Service Gold Award and Quality Service Certification by the Hong Kong Retail Management Association (HKRMA). The group’s brands include Apple Storage, Apple Storage Premium, U SPACE, Apple Moving, and Apple Wine Cellar, and it has become a leading local storage service provider in Hong Kong. Apple Storage branches are located throughout Hong Kong, Kowloon, and the New Territories, with over 120 branches providing one-stop storage and transportation services (including self-storage, central storage, mobile storage, and transportation services). It also offers storage units of various sizes, feature units, wardrobe units, shoe units, toy units, bicycle units, shelving units, and lockers to meet the different needs of customers. The group has its own transportation fleet, with dedicated personnel following up on each customer from start to finish, saving time and providing convenience.

Apple Storage website:

Voithru Wraps Up 2nd t ōtus Translation Contest with Great Success

Record-Breaking 3,586 Translators Participated in t ōtus Translation Contest

SEOUL, South Korea, Feb. 17, 2025 /PRNewswire/ — On February 8, 2025, VOITHRU, a leader in cultural content translation, successfully concluded its 2nd tōtus Translation Contest Award Ceremony at its headquarters.

*February 8, 2025 – Seoul, South Korea – Winners of the 2nd tōtus Translation Contest pose with VOITHRU CEO Sangheon Lee (center) during the award ceremony.
*February 8, 2025 – Seoul, South Korea – Winners of the 2nd tōtus Translation Contest pose with VOITHRU CEO Sangheon Lee (center) during the award ceremony.

The contest, held in October 2024, was supported by Kakao Piccoma, Code Crayon, Tooneed Entertainment, C&C Revolution, and DCCENT—which provided translation materials—with additional sponsorship from the Korean Society of Translators and the Committee of ITT.

The competition featured six categories: Korean video translation (into English, Japanese, or Traditional Chinese) and Korean webtoon translation (into English, Japanese, or Spanish). Participants submitted their translations in the category of their choice.

The event saw record-breaking participation, with 3,586 translators worldwide. A total of 18 winners were selected: one Grand Prize winner, one 1st runner-up, and one 2nd runner-up from each category. Grand Prize winners received KRW 5 million, 1st runners-up were awarded KRW 2 million, and 2nd runners-up received KRW 1 million.

Jeehyung Lee, the Grand Prize winner in the Korean-English short-form video category, shared her thoughts, saying, “This contest was a fantastic opportunity to showcase my translation skills and grow professionally. I am deeply grateful to VOITHRU and the sponsors for creating such a meaningful contest.”

Sangheon Lee, CEO of VOITHRU, added, “Through this contest, we aimed to highlight the fascination of cultural content translation, particularly for short-form videos and webtoons. Aligning with the growing global interest in Korean cultural content, we hope this initiative fosters talented translators.”

Agoda’s Guide to 7 Asian Street Food Havens

SINGAPORE, Feb. 17, 2025 /PRNewswire/ — Digital travel platform Agoda highlights a list of seven cities in Asia that specialize in street food, where culinary delights await travelers eager to explore diverse flavors. From the bustling markets of Bangkok to the aromatic stalls of Seoul, these destinations offer a feast for the senses as well as a compelling reason to return.

Recent research from Agoda reveals that tasting local cuisines consistently ranks among the top reasons for revisiting destinations. Street food, in particular, offers an authentic taste of local culture, making it a must-do experience for any traveler.

Andrew Smith, Senior Vice President, Supply at Agoda shared, “Street food is the heartbeat of many Asian cities, and Agoda is excited to spotlight these culinary havens. Whether it’s the bustling street vendors of Bangkok or the enticing night markets of Taipei, Agoda offers great deals on accommodation, flights, and activities to help travelers savor every flavor.”

Agoda highlights seven street-food cities that promise travelers an unsurpassed culinary adventure:

  1. Bangkok, Thailand
    Yaowarat, one of the main streets in Bangkok’s Chinatown, is a paradise for local street-food enthusiasts. Stalls worth exploring feature Guay Jub, a peppery pork broth noodle soup, along with fresh seafood options like grilled prawns and spicy crab curry. The bustling streets offer a genuine taste of Bangkok’s culinary heritage.
  2. Ho Chi Minh City, Vietnam
    Ho Thi Ky Street is a local favorite in Ho Chi Minh City, known for its lively flower market and diverse street food offerings. Popular dishes include banh Trang Nuong (Vietnamese pizza), grilled food, and Che (sweet dessert soup). The energetic street atmosphere and friendly vendors make it an essential stop for food enthusiasts.
  3. Kuala Lumpur, Malaysia
    Jalan Alor is Kuala Lumpur’s go-to spot for street food, known for its mix of Malaysian, Thai, and Chinese flavors. From charcoal-grilled satay to stir-fried noodles, the street is lined with decades-old hawker stalls serving late into the night. Its unique mix of old-school vendors and evolving food trends makes it a key destination for both locals and tourists.
  4. Osaka, Japan
    Kuromon Ichiba Market is the epicenter of Osaka’s street food scene, where Takoyaki (octopus balls) and Okonomiyaki (savory pancakes) reign supreme. The dynamic market and lively atmosphere make it a must-visit destination for foodies.
  5. Seoul, South Korea
    South Korea topped Agoda’s Return Visitor Ranking survey as the premier food destination. In Seoul, Mangwon Market stands out as a street food paradise, offering delights like Bindaetteok (mung bean pancakes), Bibimbap, and Tteokbokki (spicy rice cakes). The market’s lively energy and traditional flavors provide an authentic taste of Korean culture.
  6. Singapore
    Lau Pa Sat is a prime location for street food in Singapore. Famous for its satay street, where skewers of grilled meat are served with peanut sauce, the historic market is a culinary hotspot. It also offers a diverse array of local dishes, including Hainanese chicken rice and Char kway teow.
  7. Taipei, Taiwan
    Ningxia Night Market is a haven for food lovers in Taipei. From oyster vermicelli to stinky tofu and braised pork rice, the market’s diverse offerings cater to every palate. The bustling stalls and crowds create an exciting culinary journey.

These cities not only offer a feast for the taste buds but also provide a cultural experience that keeps visitors coming back for more. Travelers can explore Agoda’s offerings, which include over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all of which can be combined in a single booking. For more information, visit agoda.com or download the Agoda app for the best deals.

Straits Millennium Secures In-Principle Approval for MAS Major Payment Institution (MPI) License, Paving the Way for Enhanced Digital Asset Financial Solutions

SINGAPORE, Feb. 17, 2025 /PRNewswire/ — Straits Millennium Pte Ltd (“Straits Millennium”), a member of Straits Financial Group, today announced that it has obtained an in-principle approval* from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) License under the Payment Services Act 2019. This significant milestone grants Straits Millennium the ability to offer digital payment token (DPT) services, reinforcing the Straits Financial Group’s position as a key player in Singapore’s rapidly evolving digital asset ecosystem.

A Strategic Move within the Digital Asset Ecosystem

As a member of the Straits Financial Group of companies—whose members provide financial services on a global scale, specializing in commodities, derivatives, and financial brokerage— Straits Millennium is uniquely positioned to bridge the gap between traditional financial markets and digital assets. This approval aligns with Singapore’s vision of becoming a global digital asset hub while ensuring strong regulatory compliance and risk management.

Straits Millennium’s new services will enable businesses and institutional investors to navigate the complexities of digital asset transactions with confidence. Straits Millennium will provide market participants with a regulated and efficient platform to facilitate the exchange of digital payment tokens and fiat currencies, ensuring competitive trade execution and adherence to industry best practices. Straits Millennium’s approach to digital asset services is anchored in compliance, security, and institutional-grade risk management.

Statement from Group CEO Jeremy Ang

Jeremy Ang, Group CEO of Straits Financial Group, expressed enthusiasm about this key milestone:

“Securing the in-principle approval for our Major Payment Institution License is a testament to our unwavering commitment to regulatory excellence, innovation, and customer-centric solutions. Singapore has established itself as a global leader in digital asset regulation, and we are proud to play a role in shaping the future of the financial industry. With our deep expertise in derivatives, commodities, and institutional financial services, we are well- positioned to provide trusted and seamless digital asset offerings to our clients. We look forward to working closely with MAS to finalize our full license and deliver best-in-class services to the market.”

Enhancing Institutional Access to Digital Assets

Amily Ho, Digital Assets Lead at Straits Millennium, emphasized the company’s focus on institutional solutions:

“The demand for compliant, seamless, and efficient digital token services continues to rise, and Straits Millennium is here to bridge that gap. Our in-principle approval allows us to build a secure and regulated ecosystem for industry players who require reliability, transparency, and scalability in their digital asset operations. Whether it’s facilitating liquidity solutions or enabling efficient trading services, we are committed to delivering innovative and regulatory- compliant services that meet the evolving needs of the market.”

The in-principle approval marks the beginning of Straits Millennium’s journey in the regulated digital asset space. The firm is actively working toward securing its full Major Payment Institution License from MAS, which will further solidify its position as a trusted and leading provider of digital asset financial services.

*An in-principle approval (IPA) reflects MAS’ view that a licence may be issued to the applicant upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a licence for Straits Millennium Pte. Ltd. to provide payment services at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.

About Straits Millennium

Straits Millennium is a Singapore-based digital asset financial services firm and a subsidiary of Straits Financial Group Pte Ltd. With a strong focus on regulatory compliance, institutional- grade security, and financial innovation, the company aims to bridge the gap between traditional finance and digital assets, offering seamless digital asset financial solutions tailored for today’s evolving financial landscape.

About Straits Financial Group

At Straits Financial Group, we distinguish ourselves by promoting key and innovative contracts to support the financial and commodity derivative markets as well as providing products and services to fulfill the needs of every trader.

With a strong presence in Asia and a deep understanding of the global markets, we provide value to our clients by enabling global access with a local perspective. Established in 2010, Straits Financial Group is headquartered in Singapore, and serves as the financial services arm of the CWT Group. We have established a global footprint through our presence in the United States, Indonesia, and Singapore and will continue to expand into key financial and commodity markets.

For more information, please visit our website at https://www.straitsfinancial.com.

About CWT Group

CWT Pte. Limited, headquartered in Singapore, is a multinational corporation providing integrated logistics, commodity marketing, engineering, and financial services. It is privately held by CWT International Limited (HKEX: 521) and employs around 6,000 people worldwide. For more information, please visit our website at https://www.cwtlimited.com.