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APsystems Named Most Bankable Inverter Company Worldwide by Sinovoltaics

JIAXING, China, Amsterdam and AUSTIN, Texas, Sept. 1, 2025 /PRNewswire/ — APsystems, a global leader in Module Level Power Electronics (MLPE) and the top supplier of multi-platform solar microinverter solutions, has achieved the #1 position as the most bankable solar inverter manufacturer in the world, according to the 2025 edition of the Sinovoltaics Inverter Manufacturer Ranking Report.

APSystems Topped Sinovoltaics' Global Financial Health Ranking for Inverter Manufacturers
APSystems Topped Sinovoltaics’ Global Financial Health Ranking for Inverter Manufacturers

This coveted distinction reinforces APsystems’ reputation as a financially strong, technologically innovative, and globally trusted provider of solar power electronics, and reflects its steadfast growth and performance across more than 15 years in the solar industry.

“Being ranked #1 globally by Sinovoltaics is not just an honor—it’s a validation of our long-term vision and commitment to excellence,” said Olivier Jacques, President Global, APsystems. “We’ve built APsystems on a foundation of innovation, solid profitability, market relevant ecosystem and stability—factors that matter deeply to our customers, partners, and financial backers alike.”

The Sinovoltaics report evaluates the financial health and bankability of global inverter manufacturers using the Altman Z-score model—a widely recognized formula for predicting the likelihood of a company entering financial distress. APsystems not only led the industry with the highest score but demonstrated consistent financial strength over the three-year analysis window from 2022 through 2025.

“Bankability is critical in solar,” said Dr. Zhi-min Ling, APsystems co-founder and Chairman. “Installers, EPCs, and financiers need to know that the technology they deploy today will be supported tomorrow. Our customers count on us not just for performance and innovation—but for long-term reliability. This report confirms that APsystems will be here, year after year, delivering on that promise.”

Understanding the Sinovoltaics Ranking

The Sinovoltaics Inverter Manufacturer Ranking Report is the industry’s most comprehensive independent financial ranking of inverter companies. Using the Altman Z-Score—a predictive model that evaluates working capital, retained earnings, EBIT, market value, and sales—it assesses each manufacturer’s financial stability and likelihood of survival over the next 2–10 years.

Manufacturers are categorized into three zones: “Safe,” “Grey,” and “Distress.” APsystems achieved the highest Altman Z-Score, placing it firmly in the Safe Zone and distinguishing it from dozens of peers globally.

A Track Record of Strength and Innovation

Since its founding in Silicon Valley in 2010, APsystems has expanded into over 150 countries with MLPE product shipments exceeding 6GW (by the end of 2024) and more than 590,000 microinverter systems established globally. The company has maintained consistent profitability and an untouched warranty reserve, with millions of microinverter systems still operating reliably in the field more than a decade after installation.

From its best-selling DS3 dual-module microinverter series to its advanced QT2 commercial 3-phase platform, EZ1 plug-and-play units, and APstorage energy storage systems, APsystems continues to push the boundaries of solar technology—earning the trust of installers, distributors, homeowners, and financial institutions around the world. What’s more, by integrating cutting-edge solar and energy storage technologies with AI-driven innovation, the company is redefining the possibilities across residential, commercial, and DIY energy solutions.

About APsystems

APsystems is the #1 global supplier of multi-platform MLPE solutions for the solar PV industry, offering microinverters, energy storage, and rapid shutdown devices. The company’s flagship products include the new QS2, together with the DS3, EZ1, QT2 series microinverters and its APstorage ELS, ELT product lines. With its proprietary Energy Communication Unit (ECU) and web-based EMA platform, APsystems enables smart monitoring and management of every inverter and PV module in a solar array.

With business units across the Americas, EMEA, and Asia-Pacific, APsystems is a publicly traded company serving customers in over 150 countries. APsystems is listed on the SSE: 688348.SS. Learn more at APsystems.com.

Verses to Power New SM Entertainment Project with “Rappie,” the World’s First Multimodal AI Rapmaker

New initiative will feature official song releases and XR concerts with acclaimed composers, redefining fan-artist collaboration.

SEOUL, South Korea, Sept. 1, 2025 /PRNewswire/ — Verses, Inc. (CEO Sean Lee), the music-tech company pioneering user-driven music experiences, announced a groundbreaking new collaboration with SM Entertainment (SM). The ambitious initiative will be powered by “Rappie,” the world’s first Multimodal AI Rapmaker, which launched in beta this June by Verses. This multimodal generative AI app seamlessly integrates text, rap generation, and video creation, allowing anyone to instantly produce high-quality rap music without musical expertise.

Verses to Power New SM Entertainment Project with “Rappie,” the World’s First Multimodal AI Rapmaker
Verses to Power New SM Entertainment Project with “Rappie,” the World’s First Multimodal AI Rapmaker

As part of a new artist project from SM, the collaboration plans to feature official tracks produced with renowned composers and culminate in an immersive XR (Extended Reality) concert. Verses’ ‘Rappie’ technology will provide a unique experience for fans, allowing them to connect with artists in a new way by not just listening to, but actively co-creating and interacting with their music.

From Keyword to Rap—Complete Content Generation in Seconds

Rappie empowers anyone to create rap content with no musical expertise required. The AI interprets input text to generate lyrics, rhythms, and voice performances that match the intended theme and emotion. Avatars then deliver expressive performances, syncing facial expressions and body movements to produce a polished, high-quality stage.

The beta version of Rappie introduces a wide range of innovative features that redefine how music is created and experienced. Users can generate rap lyrics and vocals entirely through AI, without any prior musical background. They can choose from a diverse library of themed virtual stages to match the mood and message of their content. Avatars—either personalized or styled after celebrities—serve as performers, delivering expressive, synchronized shows. The platform also enables users to create short-form music videos with dynamic, cinematic camera movements, giving each performance a polished, professional feel. Additionally, real-time interactivity allows users to touch elements within the virtual stage—such as the avatar or background objects—to remix the audio and visual components on the fly, offering a highly engaging and customizable creative experience.

About us
Verses, Inc. is a music-tech startup dedicated to pioneering user-driven music experiences. We are moving beyond passive listening, leading the way in an ‘Interactive Music’ experience where artists and fans communicate and collaborate in real-time to create new music.

This vision was successfully brought to life through our metaverse music service with K-pop group aespa. Our unrivaled technology has been globally recognized through our participation in AI support programs by Google and NVIDIA.

Building on this innovation, Verses has been honored with the CES Innovation Award for four consecutive years from 2022 to 2025, including the Best of Innovation award in 2023. Furthermore, we have been lauded for our “Best Innovative Technology” by the world-renowned music publication Billboard and selected as a partner in Universal Music Group (UMG)’s bootcamp, positioning us as a key player in the global music market.

Verses is breaking down the boundaries between technology and art, offering artists limitless creative freedom and giving fans the moving experience of becoming protagonists in the music alongside the artists, heralding a new era in music.

Find us at :
Instagram:  verses.kr   / YouTube:  Verses Techwww.verses.kr

 

MetaOptics Ltd Registers Offer Document on its Listing on SGX Catalist

SINGAPORE, Sept. 1, 2025 /PRNewswire/ — MetaOptics Ltd (the “Company“, together with its subsidiary, the “Group“), a cutting-edge vertically integrated designer and manufacturer of meta optics components and products headquartered in Singapore, has registered its offer document today in connection with the proposed placement (the “Placement“) and listing of its ordinary shares in the capital of the Company on the Catalist Board (“Catalist“) of the Singapore Exchange Securities Trading Limited (“SGX-ST“) (“IPO“). The Group has set itself apart from its competitors, by utilising the semiconductor process and direct laser writing technologies, to pioneer glass-based colour metalenses and support mass production possibilities.

The Placement comprises 30,000,000 placement shares (“Placement Shares“) at S$0.20 per share. The trading of the Company’s shares is expected to commence on a “ready” basis at 9.00 a.m. on 9 September 2025. ZICO Capital Pte. Ltd. (“ZICO Capital“) is the Sponsor, Issue Manager and Placement Agent for the IPO.

Established in 2021, the Group is the first pure-play metalens company to seek a public listing, underscoring its readiness to redefine the next-generation metalens supply chain for leading technology companies across a wide range of industries. Positioned at the intersection of emerging trends in photonics and nanofabrication, the Group designs and manufactures metalenses and metalenses prototypes, including metalens, metalens camera modules, metalens manufacturing equipment, and metalens Internet of Things (“IoT“) devices such as infrared metalens cameras, pico projectors and IoT colour cameras. These metalenses are designed for integration into smartphones, laptops, contactless three-dimensional (“3D“) biometrics modules, projectors, augmented reality / virtual reality (“AR/VR“) devices, and industrial applications such as Light detection and ranging (“LiDAR“) systems, and heads-up display (“HUD“) for aircraft and autonomous vehicles.

Market Outlook 
According to the Independent Market Report, the global optical metalens market is expected to expand at a CAGR of 74.8% from 2024 to 2029, with the total market size projected to reach US$493.0 million by 2029. Consumer electronics will remain the dominant sector, followed by automotive and security applications. Meanwhile, in Singapore, a regional hub for research and development (“R&D“) and electronics manufacturing, the country saw a growth in the optical metalens market from US$1,245 in 2019 to US$86,777 in 2024, with a projected growth to US$2.4 million by 2029 with a CAGR of 93.7% from 2024 to 2029. This trajectory reinforces Singapore’s strategic focus and strong institutional support in the R&D ecosystem, and Singapore’s focus on advanced manufacturing and photonics innovation. As a result, the Group believes that the rapid growth in the downstream metalens applications, including, laptops, smartphones, AR/VR devices, autonomous vehicles, will create a strong and emerging demand for lightweight, compact, and high-performance optical solutions.

Use of Proceeds
Based on the Placement Price of S$0.20, the gross proceeds from the Placement will be approximately S$6.0 million. The net proceeds to be raised from the Placement (after deducting the placement commissions and the estimated expenses incurred in relation to the Placement payable by the Company of approximately S$2.0 million) will be approximately S$4.0 million.

The Group intend to use the gross proceeds from the issue of Placement Shares primarily as follows: (i) product development, research & development, and strategic partnerships; (ii) business expansion through organic growth, mergers and acquisitions, joint ventures and/or strategic partnerships; and (iii) working capital and general corporate purposes.

Business Strategies and Future Plans
The Group will drive growth by further leveraging on existing capabilities to expand its product range and fabrication capacities, focusing on miniaturising devices and integrating metalenses into a wider range of applications for smart devices, optical sensors, smart glasses, autonomous vehicles and AR/VR displays. The Group intends to introduce a new laser with pulsing feature which will enable faster, customised mold production. R&D efforts will target the development of tunable metalenses and strategic collaborations with customers and overseas innovation hubs. The Group will reinforce and diversify its supplier base while attracting, training and retaining skilled engineers and staff to support innovation. These strategies will allow the Group to capture emerging opportunities and reinforce its leadership in the rapidly evolving metaoptics industry.

Executive Chairman and Chief Executive Officer of MetaOptics Ltd, Mr. Mark Thng, remarked: “Our upcoming listing on SGX marks a transformative milestone for MetaOptics, further solidifying our foundation to advance R&D, expand global footprint, and accelerate growth. As we celebrate this groundbreaking milestone, I would like to take this opportunity to acknowledge the dedicated support and valuable contribution from our shareholders, our suppliers and trusted partners. Our breakthrough meta-optics solutions, including new forms such as rectangular metalens and miniaturised colour camera, are already reshaping how smart devices capture, sense, and interpret the world. With secured purchase orders and increasing design wins, we believe we are well-placed to capture the rapidly expanding market in smart devices, IoT, and next-generation optical systems.”

Looking ahead, supported by favourable industry prospects, our trusted partners in the ecosystem as well as our proven capabilities, we are confident that MetaOptics will continue to lead in innovative, high-performance optical solutions for next-generation applications, capable of delivering sustainable growth and long-term value to our shareholders.”

About MetaOptics Ltd
Headquartered in Singapore at the JTC LaunchPad with operations commencing from 2021 through its wholly-owned subsidiary, the Group designs and manufactures metaoptics components and products including metalens, metalens camera modules, metalens manufacturing equipment, and metalens IoT products, such as infrared metalens cameras, pico projectors and IoT metalens colour cameras. The metalenses are integrated into a wide range of applications by its customers, especially for smartphones, contactless 3D biometrics modules, projectors, and industrial uses such as IoT devices, LiDAR and HUDs for planes and self-driving cars, and AR/VR devices. According to an independent market research report, the Company ranks third globally among metalens companies with mass production possibilities and shipments in terms of revenue by the end of 2024, and fifth globally in 2024 in terms of revenue, among all metalens companies.

This press release is issued by DLK Advisory Limited on behalf of MetaOptics Ltd.

For any enquiries, please contact:
DLK Advisory
Telephone: +852 2857 7101
Fax: +852 2857 7103
pr@dlkadvisory.com / ir@metaoptics.sg

LiuGong Finance Indonesia Officially Launched and Customer Day Successfully Held

LIUZHOU, China, Sept. 1, 2025 /PRNewswire/ — From August 28 to 29, LiuGong (stock number 000528.SZ) hosted the grand opening ceremony of LiuGong Finance Indonesia together with a Customer Day in Jakarta. Over 300 distinguished guests attended this significant event, including representatives from Indonesian government departments, leaders of industry associations, key customers from mining, infrastructure, and agriculture sectors, as well as representatives from LiuGong’s management team. Attendees included Mr. Zheng Jin, Chairman of LiuGong; Mr. Luo Guobing, President of LiuGong; Mr. Cahyo Purnomo, Promotion Director from Ministry of Investment and Downstream Industries of the Republic of Indonesia; Mr. Sun Shangbin, Chairman of the China Chamber of Commerce in Indonesia.

LiuGong Finance Indonesia Officially Launched
LiuGong Finance Indonesia Officially Launched

Synergy and Cooperation • Building the Future Together

The Customer Day, themed “Strengthening Synergy, Building Trust, and Creating a Sustainable Indonesia Together”, fully demonstrated LiuGong’s achievements and long-term commitment in the Indonesian market.

The event featured a comprehensive display of LiuGong’s earthmoving machinery, lifting equipment, mining machines, and electric product lines. Tailored electric and intelligent solutions designed for Indonesia attracted wide attention from customers. In addition, the Indonesia regional finals of the 8th LiuGong Global Skills Competition, held concurrently, further highlighted LiuGong’s ongoing commitment to talent development and its dedication to enhancing the professional skills of local technicians.

Financial Empowerment • Upgrading Value

As a leading player in China’s construction machinery industry, LiuGong has embraced the principles of “localization, value creation, and sustainable development” since entering the Indonesian market in 2006, actively contributing to the country’s economic progress and social development. In his remarks, Mr. Cahyo Purnomo highly recognized LiuGong’s contributions to sustainability and community harmony. He praised LiuGong not only for continuously introducing innovative technologies and green solutions, but also for advancing Indonesia’s downstream industry upgrading and job creation through localized manufacturing, talent development, and full value-chain investments—demonstrating the company’s strong corporate social responsibility and long-term commitment.

At the opening ceremony of LiuGong Finance Indonesia on the evening of August 29, Mr. Luo Guobing highlighted that the launch marks a key step in LiuGong’s comprehensive globalization strategy and full value chain localization. By integrating financial services, LiuGong aims to upgrade from a single product offering to a comprehensive solution encompassing products, capital, and services. In 2025, LiuGong Indonesia will continue its development by investing in its local manufacturing and R&D facilities, laying the foundation for Indonesia to become one of LiuGong’s global hubs.

Mr. Zhao Lei, Chairman of LiuGong Finance Indonesia, stated: “LiuGong will focus on pooling industrial capital and core resources to drive sustainable, high-quality growth across LiuGong’s entire value chain, thereby supporting the transformation and upgrading of Indonesia’s key industries.”

The opening of LiuGong Finance Indonesia and the Customer Day highlighted LiuGong’s firm commitment to localized operations, green value creation, and sustainable cooperation in Indonesia. Moving forward, LiuGong will continue to drive development with innovation in products and financial services as dual engines, positioning itself as a long-term trusted partner and contributing to the realization of “Golden Indonesia 2045.”

Telin and ITCO Niaga Announce Visionary Collaboration to Strengthen Indonesia Cable Express II (ICE II)

BALI, Indonesia, Sept. 1, 2025 /PRNewswire/ — PT Telekomunikasi Indonesia International (Telin) and ITCO Niaga Sdn Bhd today officially signed a Memorandum of Understanding (MoU) to collaborate on the planning and development of the Indonesia Cable Express II (ICE II) subsea cable system, during the 10th edition of Bali Annual Telkom International (BATIC) 2025.  

Madam Anita Aqeela Hiong, Managing Director of ITCO Niaga Sdn Bhd and Azmal Yahya, Telin Chief of Product ; signed MoU to collaborate on the planning and development of the Indonesia Cable Express II (ICE II) subsea cable system
Madam Anita Aqeela Hiong, Managing Director of ITCO Niaga Sdn Bhd and Azmal Yahya, Telin Chief of Product ; signed MoU to collaborate on the planning and development of the Indonesia Cable Express II (ICE II) subsea cable system

The ICE II system is designed as a state-of-the-art, high-capacity submarine cable network connecting Singapore to Manado, with additional links to key Indonesian cities including Batam, Jakarta, Surabaya, Makassar, and Balikpapan. Notably, the cable will also extend to Tawau in Sabah, Malaysia, with further domestic connections reaching Sandakan, Kudat, and Kota Kinabalu. 

This project represents a significant advancement in Southeast Asia’s digital infrastructure. By establishing a new eastward route through Manado—an alternative to the traditionally utilized South China Sea corridor—ICE II enhances the resilience of the region’s telecommunications networks, mitigates congestion risks, and provides scalable capacity to support accelerating demands in cloud computing, digital services, and enterprise connectivity. 

Beyond enhancing connectivity, ICE II is expected to serve as a foundational enabler of Southeast Asia’s burgeoning digital economy. The cable will facilitate faster adoption of emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), cloud platforms, and smart city applications. Furthermore, it is anticipated to attract substantial investment in data centers, digital services, and content delivery networks, thereby strengthening the overall regional digital ecosystem. 

For East Malaysia, the direct cable landing in Tawau, complemented by links to Sandakan, Kudat, and Kota Kinabalu, promises to significantly reinforce Sabah’s digital backbone. This expanded infrastructure is projected to stimulate investment opportunities, empower local enterprises with enhanced digital capabilities, and improve internet access for communities throughout the region. 

Azmal Yahya, Telin Chief of Product , commented, “Signing this MoU is a crucial milestone in our commitment to developing resilient and world-class digital infrastructure. ICE II will not only deepen connectivity between Indonesia and Singapore but also foster greater regional integration by extending connectivity to East Malaysia. This initiative reaffirms Telin’s dedication to advancing Southeast Asia’s digital ecosystem.”  

Madam Anita Aqeela Hiong, Managing Director of ITCO Niaga Sdn Bhd , added, “Our collaboration with Telin on ICE II marks a strategic step toward Malaysia’s digital transformation objectives, particularly for Sabah. Enhanced connectivity will drive socio-economic growth, broaden digital inclusivity, and increase the region’s competitiveness.” 

About Telin

Founded in 2007, Telin is a leading global digital enabler delivering premium international carrier voice, data services, and tailored solutions for wholesale, enterprise, digital, and retail customers. Operating in Indonesia, Singapore, Hong Kong, Australia, Malaysia, Taiwan, the United States, Timor Leste, the United Arab Emirates, and Myanmar—with representatives in the United Kingdom, the Philippines, India, Vietnam, and Canada—Telin supports its customers through 10 global offices and 5 sales representative hubs.

Our infrastructure spans over 306,376 kilometers of submarine cable systems across 27 global networks, backed by 162 Points of Presence in 35 countries, and more than 19 Tier II to Tier IV data centers in strategic locations including Singapore, Hong Kong, Timor Leste, and Indonesia.

Telin is dedicated to connecting possibilities and driving digital transformation worldwide.

For more information, visit www.telin.net

About ITCO Niaga Sdn Bhd  

Established in 2013, ITCO is one of the leading design and build engineering companies with Green Technology Solution that provides engineering products and equipment for the telecommunication industries, utility companies such as sewerage treatment plant and electricity company. ITCO has a few Patented Cleantech Products such as ITCO Integrated Smart Pole (IISP) applied to develop off grid power solutions for critical applications. We are currently engaging with leading technology companies, industrial park, manufacturers, universities and municipalities. Our current ITCO Power Generator is installed in Malaysia with 250 over telecommunication sites.

About ICE II 

The Indonesia Cable Express II (ICE II) subsea cable system is a next-generation high-capacity network connecting Indonesia, Singapore, and East Malaysia. With its unique eastward route, ICE II will complement existing subsea systems, delivering diversified, resilient, and future-ready digital connectivity for the region. ICE II is part of the integrated ICE system that extends global reach to Japan, the US, the Middle East, Europe, and Australasia. 

Educate Girls Becomes First Indian Organisation to Receive 2025 Ramon Magsaysay Award

Asia’s highest honour recognises the organisation’s community-powered model that has brought over 2 million girls back to school.

MUMBAI, India, Sept. 1, 2025 /PRNewswire/ — India’s leading non-profit organisation Educate Girls has been named a 2025 Ramon Magsaysay Awardee, Asia’s premier prize and highest honour. It is the first Indian organisation ever to receive this award, in recognition of ‘its commitment to addressing cultural stereotyping through the education of girls and young women, liberating them from the bondage of illiteracy and infusing them with skills, courage, and agency to achieve their full human potential.’

Educate Girls becomes first Indian non-profit to win Ramon Magsaysay Award
Educate Girls becomes first Indian non-profit to win Ramon Magsaysay Award

The non-profit joins a lineage of distinguished laureates, including filmmaker Satyajit Ray, singer M.S. Subbulakshmi, social reformer Kiran Bedi, and Vinoba Bhave, alongside international icons such as Nobel Peace Prize laureates the Dalai Lama and Mother Teresa, as well as Oscar-winning storyteller Hayao Miyazaki.

“Being the first Indian nonprofit to receive the Ramon Magsaysay Award is a historic moment for Educate Girls and for the country. This recognition places a global spotlight on India’s people-powered movement for girls’ education, one that began with a single girl in the remotest village and grew to reshape entire communities, challenging traditions and shifting mindsets. This Award honours our dedicated Team Balika volunteers, valued partners, passionate gender champions, and supporters, and acknowledges the millions of girls who reclaimed their right to education. As we work to reach 10 million learners in the next decade and share this blueprint beyond India, we carry forward a simple truth that when one girl is educated, she takes others with her, multiplying change across families, generations, and nations,” said Safeena Husain, Founder, Educate Girls, reflecting on this milestone.

“At Educate Girls, we believe every girl deserves an education, it’s her right, and one of the most powerful tools for change. This award is a tribute to what’s possible when governments, communities, and changemakers come together to break barriers and open doors. We’re deeply thankful to the Government of India for its incredible support, and we celebrate our fellow awardees, Shaahina Ali and Fr. Flaviano Villanueva, whose work continues to inspire,” added Gayatri Nair Lobo, CEO, Educate Girls.

Educate Girls, founded in 2007, empowers girls through education to break cycles of poverty and illiteracy. Since its inception, mobilising 55,000+ volunteers, it has brought back over 2 million girls to school and supported over 2.4 million children with remedial learning. It operates in over 30,000 villages, aligning with the government’s priorities and initiatives. With a goal to reach 10 million learners in the next decade, the organization drives systemic change through government partnerships and ensures last-mile access for the most vulnerable. Its global recognition underscores the transformative power of investing in girls’ education.

Completing the 2025 Ramon Magsaysay Award roster are Shaahina Ali (Maldives), honored for combating plastic pollution and protecting marine ecosystems, and Fr. Flaviano Antonio L. Villanueva (Philippines), recognized for restoring dignity to Manila’s poor and homeless.

The 2025 Ramon Magsaysay Awardees will formally receive their medallions and certificates during the 67th Ramon Magsaysay Awards Presentation Ceremonies on 7 November 2025 at the Metropolitan Theatre in Manila, Philippines.

Photo: https://laotiantimes.com/wp-content/uploads/2025/09/educate_girls_rma_2025.jpg
Logo: https://laotiantimes.com/wp-content/uploads/2025/09/educate_girls_logo.jpg

 

GEG Unveils New Office in Singapore Marking a Landmark Advance for its International Growth Strategy


MACAU SAR – Media OutReach Newswire – 1 September 2025 – In a landmark move to deepen regional ties and expand its international footprint, Galaxy Entertainment Group (hereinafter as “GEG”) proudly announces the opening of a new overseas office in Singapore. This strategic initiative marks a new chapter in GEG’s growth trajectory and underscores its commitment to promoting Macau as the “World Centre of Tourism and Leisure” to a broader audience across Southeast Asia.

Representatives from Galaxy Entertainment Group including Mr. Elmen Lee, Director of Integrated Resort Services; Mr. Benedict Wan, Executive Vice President of Business Development; and other members of GEG management gathered at the gala dinner to toast the success of GEG’s landmark new office.
Representatives from Galaxy Entertainment Group including Mr. Elmen Lee, Director of Integrated Resort Services; Mr. Benedict Wan, Executive Vice President of Business Development; and other members of GEG management gathered at the gala dinner to toast the success of GEG’s landmark new office.

Singapore, one of Asia’s most vibrant and cosmopolitan countries, has long been a key source market for Macau. The new office, located in the heart of Singapore’s Central Business District, will serve as a dedicated hub to enhance connections with the Singaporean business community, as well as showcasing to Singapore and the broader Southeast Asian Region Macau’s dynamic evolving tourism landscape—highlighting its rich cultural heritage, luxury hospitality, and increasingly diverse world-class leisure and entertainment experience offering.

Hong Kong celebrities Kenneth Ma and Elaine Yiu took to the stage at the dinner, offering spectacular performances – contributing to a glittering Galaxy of stars.
Hong Kong celebrities Kenneth Ma and Elaine Yiu took to the stage at the dinner, offering spectacular performances – contributing to a glittering Galaxy of stars.

The opening of Galaxy’s Lion City office is closely aligned with the Macao SAR Government’s vision to diversify tourism offerings and expand visitor demographics. Through its ramped-up Singapore presence, GEG aims to curate bespoke travel experiences tailored to the preferences of Singaporean and regional travelers, ensuring seamless journeys from planning to arrival.

GEG’s new office will support tourism, meetings, incentives, conferences, and exhibitions (MICE) inquiries, reinforcing its role as a versatile hospitality leader and a trusted partner for business tourism.

In addition, GEG’s Singapore office reflects the Group’s forward-thinking approach to innovation, customer-centricity, and regional collaboration. It also signals GEG’s intent to enhance brand visibility and foster meaningful connections with travelers and stakeholders across Asia.

To celebrate the grand opening, GEG hosted an elegant gala dinner at JW Marriott Singapore, welcoming distinguished guests, business partners, and media representatives. Mr. Elmen Lee, Director of Integrated Resort Services at GEG, introduced to the guests the Group’s three flagship properties in Macau—Galaxy Macau™ and Galaxy International Convention Center, Broadway Macau™, and StarWorld Hotel.

A gala dinner was held at JW Marriott Singapore, seeing the participation of distinguished guests, who enjoyed a glittering, entertainment-packed evening.
A gala dinner was held at JW Marriott Singapore, seeing the participation of distinguished guests, who enjoyed a glittering, entertainment-packed evening.

Mr. Lee remarked, “Singapore has always been an important source market for Macau. The taste and sophistication of Singaporean travelers naturally align with Macau’s experiential tourism offering. We firmly believe that Galaxy Entertainment Group’s diverse offerings will attract more Singaporean visitors to visit us and explore more. In support of the Macao SAR Government’s vision to promote tourism diversification, Galaxy Entertainment Group is continuing to expand its international visitor base to inject more vitality into Macau.”

A gala dinner was held at JW Marriott Singapore, seeing the participation of distinguished guests, who enjoyed a glittering, entertainment-packed evening.
A gala dinner was held at JW Marriott Singapore, seeing the participation of distinguished guests, who enjoyed a glittering, entertainment-packed evening.

Galaxy Macau, Broadway Macau, and StarWorld Hotel bring together luxurious accommodations, award-winning dining, premium shopping, and world-class entertainment facilities; each with its own unique character. With Galaxy Macau home to nine of the world’s leading luxury hospitality brands under one roof, catering to the diverse needs of international travelers; the Galaxy trio collectively showcases the excellence of Macau’s hospitality industry.

A gala dinner was held at JW Marriott Singapore, seeing the participation of distinguished guests, who enjoyed a glittering, entertainment-packed evening.
A gala dinner was held at JW Marriott Singapore, seeing the participation of distinguished guests, who enjoyed a glittering, entertainment-packed evening.

GEG looks forward to cementing lasting relationships in Singapore and contributing to the continued growth and diversification of Macau’s tourism industry.

Galaxy Macau™ Integrated Resort
Galaxy Macau™ Integrated Resort

Hashtag: #GalaxyEntertainmentGroup #GEG

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

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

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Citi and SMRT renew 20-year partnership to enhance value for Singapore commuters and consumers

SINGAPORE, Sept. 1, 2025 /PRNewswire/ — Citi and SMRT are pleased to announce an extension of their partnership to celebrate the start of their 20th year of co-operation, reaffirming a shared commitment to delivering smarter, more rewarding daily journeys for Singapore’s commuters.

First introduced in 2006, the Citi SMRT Credit Card was Singapore’s pioneering 2-in-1 solution integrating transit fare payments with credit card benefits. Since then, the card has evolved into a staple in the wallets of consumers, offering generous cashback on transport, groceries, and online shopping.

Ngien Hoon Ping, Group CEO, SMRT Corporation said: “Our partnership with Citi began 20 years ago with a shared vision — to transform how people experience their daily commute. We wanted travel on our public transport system to be more than just moving from point A to point B, but part of a vibrant lifestyle. Together, SMRT and Citi introduced a unique credit card that enables seamless rides, via the MRT and buses, from home to anywhere – whether for work or social activities – while also enabling fuss-free online shopping, right from the comfort of home. Over the years, while the way Singaporeans commute and shop have transformed, SMRT’s mission of ‘Moving People, Enhancing Lifestyle’ remains ever relevant.”

Yeo Wenxian, CEO of Citibank Singapore, said: “This partnership is driven by Citi’s strong commitment to Singapore, to bring value to commuters and cardmembers here in their daily life. Citi and SMRT share this common vision and over the last two decades, we have embedded convenience and connectivity into the commuter journey, while remaining relevant to evolving macro trends and changing lifestyles.”

Over the past 20 years, Singapore has seen a steady rise in public transport commuters using credit cards — including Citi Credit Cards — as a convenient alternative to stored-value cards. This trend reflects how Singaporeans are embracing digital payment options that deliver both speed and rewards.

As commuter habits shift towards digital payments, Citi SMRT Cardmembers have been at the forefront. Between 2019 and 2024, transactions made through digital wallets linked to the Citi SMRT Card grew sevenfold, underscoring its continued relevance for commuters who expect seamless, tap-and-go experiences.

Beyond transport, active Citi SMRT Cardmembers have also expanded their usage into everyday spending. From 2021 to 2024, these cardmembers made an average of 60% more transactions across popular categories such as groceries, transport, and online shopping, reinforcing the card’s role as an all-in-one companion for daily life.

The Citi SMRT Card has also become increasingly attractive to a younger generation of consumers who see value in combining transport convenience with lifestyle rewards. Over the last three years, new applications from customers under the age of 30 grew by 70%. This growth underscores how the card continues to resonate with digital-savvy millennials and Gen Z consumers who are shaping Singapore’s payment trends.

New Benefits for Consumers

With this renewal, Citi and SMRT are introducing fresh benefits to ensure the Citi SMRT Card remains relevant to evolving consumer needs:

  • New to Citi Cardmembers can receive a limited time offer of upsized S$400 cash back with S$800 qualifying spend in the first 2 months
  • 5% savings on Malaysian Ringgit spend, giving cardmembers cross-border value for everyday retail and online purchases in Malaysia from 1 September 2025 until 28 February 2026.

To celebrate the partnership renewal, Citi SMRT Cardmembers can look forward to 20-cent treats from popular F&B brands for four weeks starting September 19.

From September 4, a mobile game open to the public called Rush Hour Run – Presented by Citi SMRT Card will be launched. This game can be played multiple times to win vouchers from Lazada, ZALORA and more.

Those keen can find out more and sign up for the Citi SMRT Card at www.citibank.com.sg/smrt, to enjoy a smarter, more rewarding savings journey with 5% savings on everyday categories like groceries, online purchases and transport.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

About Stellar Lifestyle

Stellar Lifestyle, a business arm of SMRT Corporation Limited, transforms spaces in and around MRT stations into vibrant lifestyle destinations, enhancing the daily journey for commuters. We innovate to benefit the community by reimagining the use of existing spaces and leveraging the extensive train network to introduce new business models and foster community engagement. As the largest managing agent of retail and advertising spaces in Singapore’s rail network, we bring expertise in property and retail management, media, and digital advertising solutions.

Additional information may be found at www.stellarlifestyle.com.sg