LINYI, CHINA – Media OutReach Newswire – 24 June 2025 – The 4th RCEP (Shandong) Import Expo will be held in Linyi, Shandong, from June 27 to 29. This year’s event focuses on high-quality imported goods and trade connections, with over 300 enterprises participating, emphasizing elements unique to Linyi.
As one of the important platforms themed on the achievements of Linyi’s opening-up to the outside world, the expo features 11 indoor exhibition areas and one multifunctional area, covering an exhibition area of 35,000 square meters with 1,200 international standard booths.
Additionally, multiple professional market exhibition areas will be set up at the Linyi International Market Center and Lanhua Imported Commodity City. During the expo, a series of activities will take place, including an opening ceremony, a roadshow for the 8th CIIE, guest country promotion events, the International Friendship Cities gathering, and “Invest in Linyi” industry matchmaking session – all aimed at enhancing the expo’s international presence and professional standards.
To date, seven sister cities from abroad have confirmed their participation in the expo, along with 20 foreign trade associations and 333 exhibiting enterprises. Among them are 183 enterprises from RCEP countries, 55 from countries involved in the Belt and Road Initiative, and 11 Fortune Global 500 companies.
Additionally, 21 exhibiting enterprises from the 8th CIIE are forming groups for the event. During the exhibition, a RCEP economic and trade cooperation negotiation zone will be established to facilitate the establishment of regional procurement centers in Linyi for participating companies like Metro and Tesla.
The event will also host an international investment cooperation exchange to attract foreign investment projects, promoting the transformation of exhibitors into investors. Simultaneously, local enterprises will connect international buyers to showcase their advantageous products such as hardware tools and textiles, promoting the internationalization of “Made in Linyi” products.
Since 2021, the RCEP expo has been held three times, with a total exhibition area of 95,600 sq m. It has attracted over 700 companies from more than 60 countries and regions, with a cumulative attendance of 130,000 people, generating significant economic and social benefits.
In recent years, Linyi has enjoyed mutually beneficial economic growth with RCEP member states. According to statistics from Linyi Customs, in 2024, the city’s trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city’s total imports and exports.
Hashtag: #Linyi #RCEP
The issuer is solely responsible for the content of this announcement.
Unlocking New Revenue Streams in AI, Cybersecurity and AI-Powered Customer Engagement Infrastructure
London, United Kingdom – Newsfile Corp. – June 24, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, has entered into a definitive agreement to acquire CNS, as well as its communication and mobility subsidiary CANS, two of Thailand’s most innovative technology solution providers. The transaction is expected to close in the summer of 2025. Financial terms were not disclosed.
This strategic acquisition significantly enhances Gorilla’s product portfolio and opens up new monetisation opportunities through a mobile-first AI-powered customer engagement infrastructure platform designed for distributed teams, telecom operators, call centres and public service agencies. This announcement marks another milestone in Gorilla’s strategic expansion across Thailand and the broader Association of Southeast Asian Nations (ASEAN) region. Building on a series of high-impact digital infrastructure and AI deployments, the Company continues to strengthen its regional presence through scalable, sovereign-aligned technology that addresses national priorities in public safety, smart cities and digital transformation. With growing demand for edge AI, cybersecurity and intelligent service platforms, Gorilla is well-positioned to become a foundational layer in Southeast Asia’s next wave of innovation.
CNS and CANS, founded by CEO Praweena Saingam, have earned a reputation for building scalable, low-latency, CPU-optimised AI systems across video analytics, network defence and intelligent mobile platforms. With a client base of over 200 businesses and a nationwide network spanning all 77 Thai provinces, the companies bring immediate scale and deep operational know-how to Gorilla’s strategy in Asian markets.
Jay Chandan, Chairman and CEO of Gorilla Technology, stated: “This is a strategic leap forward for Gorilla and for the advancement of AI in Asia. CNS and CANS are leaders in real-world deployment at scale, from public infrastructure to secure enterprise systems. The addition of its mobile-first engagement platform will allow us to offer an AI-powered customer engagement infrastructure solution that is future-ready, mobile-native and globally scalable. We see enormous recurring revenue potential, not just in Thailand but across Southeast Asia, Latin America and beyond.”
Dr. Rajesh Natarajan, Chief Technology Officer of Gorilla, added: “Incorporating this mobility first, context-aware engagement platform into our portfolio significantly accelerates our roadmap. It gives us the tools to drive hyper-personalized, intelligent communication at the edge; across telcos, smart service providers, contact centres and government agencies; unlocking new levels of operational coordination and customer connection. This transaction positions Gorilla to address a multi-billion-dollar segment in customer engagement and operational coordination as we strengthen our portfolio towards creating Smarter and Safer Cities.”
Praweena Saingam, Founder and CEO of CNS and CANS, commented: “We built CANS and CNS to solve problems at scale for Thai enterprises and government clients. Joining Gorilla gives our solutions scale and global reach. Together, we are creating intelligent, agile infrastructure that empowers teams and protects communities, whether in Bangkok, Bogotá or Berlin.”
Expanding Gorilla’s Product Portfolio
Gorilla will integrate CNS and CANS’s collective field-tested products into its global platform, including mobility-first AI-powered engagement platform, alongside CPU-optimised edge AI software for video analytics and endpoint detection. Their 30-strong research and development centre will also support Gorilla’s rollout of smart infrastructure projects across the region.
Addressable Market Opportunity
In Southeast Asia, the Edge AI, Video Analytics and Cybersecurity market is forecast to exceed $6.8 billion by 2027, according to International Data Corporation (IDC). Growth is expected to be fuelled by government investment in smart cities, transport digitisation and national digital infrastructure. Globally, the Video Analytics market is projected to reach $23.4 billion by 2030, while Edge AI is expected to surpass $66.5 billion in the same period, based on projections from Grand View Research.
Complementing these trends is the surging demand for intelligent, mobility-first customer engagement platforms. The global market for contact and customer engagement software is projected to reach $173.9 billion by 2032, growing at a CAGR of 21.2 percent according to Precedence Research. Once the transaction is completed, Gorilla will be well positioned to capitalise on this growth, able to deliver real-time, secure and intelligent interaction infrastructure for telecom operators, distributed workforces, emergency services and enterprises navigating digital transformation.
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla’s ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 30, 2025 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Investor Relations Contact:
Dave Gentry RedChip Companies, Inc. 1-407-644-4256 GRRR@redchip.com
The issuer is solely responsible for the content of this announcement.
A summer of outstanding entertainment awaits at the award-winning integrated resort, from vibrant poolside attractions to unmissable world-class concerts
MACAU SAR – Media OutReach Newswire – 24 June 2025 – Get ready for a summer you will never forget with ‘A Summer More Colorful at Galaxy Macau’. From now until the mid of September, the award-winning integrated resort will play host to an exceptional lineup of playful events and outstanding attractions that are set to bring the sunniest of seasons to vibrant life, including special parties at Grand Resort Deck, one-of-a-kind live performances from top musical artists and DJs, family-friendly fun and games with Galaxy Kidz, and much more.
If you want to make a splash this summer, Grand Resort Deck is the place to be, as the world’s largest Skytop Wave Pool plays host to a sparkling array of water-based fun and immersive experiences for sunseekers of all ages, exclusively for all hotel guests of Galaxy Macau. These include: the world’s longest Skytop Adventure Rapids, featuring 575 meters of laidback aquatic entertainment; the world’s largest Skytop Wave Pool, with surf-ready waves up to 1.5 meters high; 150 meters of pristine white sand beach; Waterslide Mountain, with its nine-meter slide tower; and the Kids’ Aquatic Play Zone. Children can also enjoy the fun and educational Galaxy Kidz summer program along with unmistakable mascot Wavey the Peacock.
In July and August, Grand Resort Deck will be transformed into a color-drenched otherworldly paradise for a pair of playful parties.
In July and August, Grand Resort Deck will be transformed into a color-drenched otherworldly paradise for a pair of playful parties. With the theme of ‘Neon Jungle’ on Saturday July 19, the Skytop Wave Pool will be lit up with a rainbow of bright colors, immersive lighting, and scenic design to create a unique tropical jungle atmosphere. This vibrant event will feature live performances from some of Hong Kong and Greater China’s most popular singers, as well as unmissable sets from top international DJs while guests party and play in the world’s largest Skytop Wave Pool. The parties will also feature neon lights and dazzling laser effects, 80 dancers in animal print costumes, a wide selection of irresistible food and refreshing drinks, and interactive props to create the ultimate summer audiovisual experience. Another party will take place on Saturday August 16, stay tuned!
The Skytop Wave Pool will be lit up with a rainbow of bright colors, immersive lighting, and scenic design to create a unique tropical jungle atmosphere.
To win free tickets to these parties, as well as other special giveaways, make sure that you follow Galaxy Macau’s social media platforms. By participating in fun activities and completing designated tasks, you can unlock the opportunity to get free party tickets to enjoy the party with your friends!
Children can also enjoy the fun and educational Galaxy Kidz summer program along with unmistakable mascot Wavey the Peacock.
Elsewhere in the resort, the stars will be shining bright at Galaxy Macau this summer, with exclusive performances from a variety of renowned superstars and music groups. These include: Cantopop legend Jacky Cheung, who will be performing at the state-of-the-art Galaxy Arena from June 20 to July 6; American-Chinese comedy superstar Jimmy O. Yang, who has six sold out shows at Broadway Theatre from July 4 to 6; TF Family will also present an electrifying Summer Games at Galaxy Arena on July 12 to 13; IAN Chan from Hong Kong boy group MIRROR, who will bring his solo concert tour to Galaxy Arena on July 18 and 19; Hong Kong pop-rock band Dear Jane, who will take the stage at Galaxy Arena on September 13; and many more.
Guests can also enjoy fascinating exhibitions, such as the Rolex GMT-Master Exhibition, which celebrates the Oyster Perpetual GMT-Master, the iconic timepiece that has become a symbol of humanity’s ongoing journey of exploration and connection. Bern Watches and Rolex invite you to explore the exclusive exhibition takes place at Pearl Lobby, Galaxy Promenade from July 3 to 27, and is a must-visit for all chronology connoisseurs. From July 19 to December 31, 2025, the visionary world of France’s national treasure designer Bruno Moinard at Art Macao: Macao International Art Biennale 2025 – Special Exhibition will be presented at Galaxy Art. This immersive showcase invites guests into the studio of the legendary interior architect, scenographer, and painter, from expressive sketches to refined design manuscripts.
But that’s not all! There are even more special attractions and events to be announced in July, including: colorful interactive photo spots spread throughout Galaxy Macau; the not-to-be-missed Summer Color Parade, a resort-wide celebration of music, acrobatics, and playful energy taking place every day throughout the season; limited-time shopping rewards; seasonal delicacies; and much more. Stay tuned!
The stars will be shining bright at Galaxy Macau this summer, with exclusive performances from a variety of world-class talents.
Hashtag: #GalaxyMacau
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.
Crowned prestigious “International Insurance Company of the Year – Excellence Award” and “MPF Provider of the Year (Investment Sector) – Excellence Award” for the first time
HONG KONG SAR – Media OutReach Newswire – 24 June 2025 – Sun Life once again demonstrated excellence at the Bloomberg Businessweek Financial Institutions Awards 2025, winning 14 awards. Among these, the “International Insurance Company of the Year – Excellence Award” stands out as one of the most coveted accolades in the industry. This achievement marks a historic new high for Sun Life, highlighting its market leadership in the insurance sector and widespread industry recognition.
Sun Life celebrates 14 wins at Bloomberg Businessweek Financial Institutions Awards 2025, including “International Insurance Company of the Year – Excellence Award” and “MPF Provider of the Year – Excellence Award” for the first time.
Sun Life received seven Excellence Awards and seven Outstanding Awards, spanning multiple domains including digital innovation, talent recruitment, training and development, product innovation and development, corporate social responsibility, cross-border insurance services and ESG sustainability. This is a testament to Sun Life’s strong business operations, drive for innovation, and high-quality service standards across the company.
Recognition for Digital Innovation Achievement
Sun Life is committed to a customer-centric approach and continuously innovates through digital transformation, striving to create a seamless one-stop digital customer journey. Receiving the “Digital Innovation – Excellence Award” and the “Online Platform – Excellence Award” further affirms Sun Life’s strong capability to integrate digital innovation into the core of its business strategy. The digital platform “SunWallet” was also recognized for breaking geographical boundaries to provide Clients with a comprehensive range of features, including the ability to manage their policies anytime, anywhere.
Products and Services Garner Multiple Awards
Through its focus on product innovation and customer service, Sun Life has been honored with the “MPF Provider of the Year (Investment Sector) – Excellence Award,” the “High Net Worth (Product) – Excellence Award” and the “Client Service – Outstanding Award.” These awards underscore the company’s commitment to fully meeting Clients’ protection needs by offering flexible and high-quality MPF solutions alongside superior service standards.
Sun Life engages with Clients through a wide variety of distribution channels, continually expanding its team of professional financial advisors and proactively offering training to enhance the Client experience. The company’s outstanding performance this year has been widely acknowledged, as reflected by its receipt of the “Recruitment Program of the Year – Excellence Award”, the “Training and Development Achievement (Agency Force) – Outstanding Award” and the “Broker Support – Outstanding Award”.
Mr. Clement Lam, Chief Executive Officer of Sun Life Hong Kong Limited, said: “We are deeply honored to receive a record-breaking number of prestigious awards from Bloomberg Businessweek. These accolades are a testament to our relentless dedication and exceptional achievements across multiple fields. This year, we are particularly proud to receive the ‘International Insurance Company of the Year – Excellence Award’ for the first time, highlighting our team’s impressive performance and inspiring us to pursue further innovation and excellence. Additionally, the ‘Recruitment Program of the Year – Excellence Award’ recognizes the importance of recruiting top talent for driving innovation and business growth. In 2024, our gross new recruits increased by 35%, leading the industry¹.”
“I sincerely thank our team for their collaborative efforts that have led to this remarkable success. Looking ahead, we will continue to enhance our client-oriented products and services, leverage digital technology to offer a more personalized experience, and help Clients achieve lifetime financial security and live healthier lives.”
Our awards received include:
Excellence Awards for
International Insurance Company of the Year
MPF Provider of the Year (Investment Sector)
Recruitment Program of the Year
ESG Sustainability of the Year
High Net Worth (Product)
Digital Innovation
Online Platform
Outstanding Awards for
Digital Transformation Strategy
Corporate Social Responsibility
Training and Development Achievement (Agency Force)
Integrated Marketing (Product)
Broker Support
Client Service
Cross-border Insurance Services (Mainland to Hong Kong)
The Financial Institutions Awards 2025, organized by Bloomberg Businessweek/Chinese Edition, is among the most renowned annual industry events. Through a rigorous screening process, the awards recognize outstanding performance in the banking, insurance and investment/securities sectors over the past year. The awards aim to enhance industry standards, drive continuous development in the financial sector, and encourage the active nurturing of talent, thereby injecting new momentum into the Hong Kong financial industry.
¹Sun Life achieved the number one position in the insurance industry for new recruit growth percentage from Q4 2024 to Q2 2025.
The issuer is solely responsible for the content of this announcement.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.
This image is used only for representational purpose (photo credit: Dominik Vanyi on Unsplash)
Local authorities in Houaphanh’s Xiengkhor district have issued an official order permanently banning the issuance of gold ore mining permits in all forms. The directive is effective from 24 June.
“The decision aims to address illegal mining activities, protect natural resources, and strictly enforce the laws against the violators,” the official notices state. “All unauthorized or improperly licensed gold mining, trading, and related business operations must cease immediately under the new directive.”
The move follows a separate provincial-level order issued by the province’s governor on 20 June, which also mandates a permanent halt to gold mining operations across the Houaphanh.
Villages found allowing illegal gold mining will be held accountable. Machinery used for mining must be removed from all sites starting from the date of the order.
According to the directive, officials should intensify monitoring and enforcement to prevent and stop illegal mineral extraction in all forms.
These local and provincial measures are in line with a national directive issued by Prime Minister Sonexay Siphandone on 7 March.
The Prime Minister’s order calls for enhanced monitoring, inspection, and resolution of issues related to the extraction of gold, stones, and sand along rivers, streams, and mining areas across the country.
HONG KONG SAR – Media OutReach Newswire – 24 June 2025 –Today, KGI has released its 2025 Mid-Year Market Outlook.
(From left) James Chu, Chairman at KGI Securities Investment Advisory; James Wey, Head of International Wealth Management at KGI; Cusson Leung, Chief Investment Officer at KGI
Looking back over the first half of the year, Trump officially took office as President of the United States and started a trade war. At one point, he even threatened to levy tariffs on China of more than 100%, triggering massive market fluctuations. Since then, many countries have entered negotiations with the U.S., and positive signals have emerged. How will the ongoing tariff war affect global economic development? How will the economic uncertainty created by Trump’s policies influence interest rate trends? How will China respond to the increasingly tense trade relationship? And how will China achieve economic growth targets amid external economic instability?
Under this backdrop, for the second half of the year, we maintain the “ACE” strategy:
Alternatives: Gold and other alternative assets are expected to be inflation-resistant and have lower correlation with traditional stocks and bonds.
Credit Selection: Maintain a preference for high-grade bonds, as the market still presents opportunities to lock in yields.
Elite Stocks: Diversify investment in quality stocks, balancing the allocation between cyclical and defensive stocks.
Cusson Leung, Chief Investment Officer at KGI, says: “In terms of asset allocation, considering the economic and political developments in the second half of the year, investors can continue to follow the ACE strategy: A is Alternatives. The fiscal conditions of multiple governments have sparked controversy, coupled with central banks diversifying asset allocations and geopolitical instability, which will be favorable to gold prices. C is Credit Selection. We expect downside risks to the economy, thus maintaining a preference for quality bonds. Corporate bonds will provide opportunities to lock in yields. E is Elite Stock. Tariff expectations are anticipated to impact corporate earnings; cyclical stocks and defensive stocks can be balanced in the allocation. Outside the United States, focus on countries with minimal tariff impact or those that have already reached agreements.”
Macro & U.S. Markets In 2H2025, the global economy will enter a slowdown mode, particularly in emerging markets, with the slowdown being most pronounced in the United States among mature markets. In the first half of the year, U.S. companies stockpiled goods in anticipation of tariff wars, resulting in decent economic performance. However, this situation will not continue into the second half, with GDP growth rates potentially falling below 1%, averaging around 1.35% for the year. The slowdown in the Eurozone and the UK will be less pronounced than in the U.S., but the negative impacts of the trade war cannot be underestimated. The economic outlook for Japan and China is also bleak.
In the first half of the year, the U.S. economy shone due to strong demand, but this demand is expected to wane in the second half, leading to weaker economic data. The uncertainty of Trump’s policies affects consumer confidence and corporate orders, with labor market data showing a downward trend, further impacting wages and consumption.
The Fed may cut interest rates by 25 basis points in the fourth quarter of 2025 and continue to lower rates by 50 to 75 basis points in 2026. As for U.S. stocks, the likelihood of entering a bear market this year is low, but a decline is possible in the third quarter, with annual profit estimates dropping from 14.1% to below 9%. Investors are advised to focus on defensive and high-quality stocks to weather the economic downturn.
In terms of bond investments, the weakening U.S. economy is expected to drive bond yields lower, with Treasury yields projected to fall to 4.0%-4.3% from the latter half of the third quarter to the fourth quarter. It is recommended to invest in higher-quality investment-grade corporate bonds and consider transitioning to non-investment-grade corporate bonds when the economy hits bottom.
James Chu, Chairman at KGI Securities Investment Advisory, says:“The easing of the trade war has reduced the risk of a U.S. economic recession, but its uncertainty has already affected economic confidence and will put pressure on hard data in the future. The recent rise in the stock market has brought valuations back to high levels. Investors need to be aware of the expiration of the tariff suspension and the subsequent economic and corporate earnings revisions that could bring volatility.”
Mainland China and Hong Kong Markets Since early 2025, China’s economy has shown marginal improvement amid multiple internal and external factors. In the trade sector, after reaching a 90-day short-term tariff exemption agreement with the United States, market expectations for the full-year GDP growth rate have risen from the initially announced “Liberation Day” figure of 4.2% to 4.5% following the preliminary agreement; on the other hand, although exports to the U.S. continue to shrink, exports to ASEAN and India have increased significantly, with exporters actively expanding multilateral markets to mitigate external shocks, and the proportion of China’s exports to the U.S. continues to decline. Against this backdrop of external challenges, the Chinese government’s four economic priorities include: (1) maintaining liquidity in the banking system, (2) boosting consumer confidence, (3) supporting innovation and technology to drive high value-added production strategies, and (4) expanding trade alliances beyond the U.S.
China-U.S. relations will continue to play out in a “periodic tension and relaxation” new normal. Facing U.S. escalating high-tech export controls, China is accelerating the strengthening of domestic supply chains, diversified trade strategies, and independent R&D to promote core technology autonomy and control. The continued growth of gold reserves highlights the value of this safe-haven asset in uncertain environments. Regarding the Hong Kong stock market, the Hang Seng Index has performed strongly since the beginning of the year, reflecting sustained overseas capital allocation to Chinese assets and rising risk appetite. Overall, in the second half of 2025, China’s economy will continue to recover driven by policy support, domestic demand rebound, and manufacturing transformation and upgrading. However, attention should remain on uncertainties such as China-U.S. friction, geopolitical issues, and international demand fluctuations.
Hang Seng Index target price in the second half of 2025 is 25,500 points We previously set a target of 23,200 points for the first half of 2025, when the biggest downside risk was Trump’s tariff policies. Considering the above factors, we believe the Hong Kong stock market will reflect more positive factors in the second half, which is also reflected in the market’s upward revision of earnings per share estimates for the Hang Seng Index. We raise this year’s Hang Seng Index target price to 25,500 points, corresponding to an estimated price-earnings ratio of about 11 times, with potential growth of 6.3% in the second half (as of June 17, 2025), and a total annual increase of 27.5%. In terms of sectors, we are optimistic on industry, Internet, raw materials, telecommunications, healthcare and utilities, including 13 selected stocks.
Cusson Leung, Chief Investment Officer at KGI, says: “Overall, in the second half of 2025, China’s economy will continue to recover driven by policy support, domestic demand rebound, and manufacturing transformation and upgrading. However, attention should remain on uncertainties such as China-U.S. friction, geopolitical issues, and international demand fluctuations. The Hang Seng Index year end target is at 25,500 points, with a positive outlook on 6 sectors and 13 stock picks.”
Taiwan Market Trump’s erratic tariff policies have caused significant volatility in the Taiwan stock market during the first half of the year. However, with the recent easing of the trade war and stable short-term AI demand, the Taiwan stock market has seen some recovery. Looking ahead, we believe the negative impact of the trade war will gradually become evident, potentially leading to downward adjustments in the Taiwan stock market before the third quarter. Nonetheless, a moderate correction could help stabilize the market in the fourth quarter. Despite the temporary agreement between the U.S. and China, high tariffs continue to affect economic growth and inflation pressures. Given the close economic ties between Taiwan and the U.S., tariff impacts could lower Taiwan stock market profits. If adverse factors can be absorbed in the third quarter, the market is likely to stabilize in the fourth quarter, with AI demand remaining a crucial support for the Taiwan stock market.
James Chu, Chairman at KGI Securities Investment Advisory, says:“The demand for AI in the short term remains stable, supporting a continued rebound in the stock market. However, the trade war and exchange rate impacts have increased the uncertainty of corporate earnings. Early stockpiling has made the normally slow season in the first half of the year less sluggish for the Taiwanese stock market, but it may lead to a less prosperous peak season in the second half of the year.”
Singapore Market In 2H25, Singapore’s economy is expected to experience cautious growth due to global trade uncertainties and a challenging external environment. While sectors like wholesale trade, manufacturing, finance, and insurance provide some support, geopolitical tensions and protectionism weigh on sentiment. Inflation remains manageable, but the labor market shows signs of strain. Trade activity, boosted recently by tariff suspensions, is expected to moderate.
Looking ahead, growth is influenced by external factors such as U.S. trade policies and China’s recovery. The government has revised growth expectations downward, but strengths in electronics and financial services persist. Strategic investments in AI, digitalization, and green technologies aim to future-proof the economy. Risks remain from potential trade conflicts and weakening global demand. Domestic measures to boost innovation and stabilize the property market are anticipated to support growth, though challenges for businesses and households may arise. Overall, Singapore’s economy is positioned to remain steady with limited near-term upside.
Chen Guangzhi, Head of Research at KGI Singapore, says: “Amid increasing global macroeconomic uncertainties, Singapore will further underscore its strengths in political and economic stability. Therefore, we remain cautiously upbeat about the outlook in 2H25.”
The issuer is solely responsible for the content of this announcement.
About KGI
KGI*has been a leading financial institution in Asia since 1997. Our scope of business encompasses wealth management, brokerage, fixed income, and asset management. We are committed to offering a comprehensive range of financial products and services to corporate, institutional, and individual clients throughout Asia. Backed by KGI Financial Group, we have a robust footprint in Asia, covering Taiwan, Hong Kong, Singapore, Indonesia, and Thailand^.
*KGI refers to KGI Asia Limited and its affiliates. ^an investee enterprise of KGI Securities, not a subsidiary.
SINGAPORE – Media OutReach Newswire – 24 June 2025 – Cat Paradise Singapore has launched a new cat sitting service, now available to the general public. This service provides in-home care by trained professional cat sitters in Singapore, expanding the centre’s support for cat owners who require assistance while away from home.
This development is part of Cat Paradise’s ongoing efforts to provide comprehensive feline care. The centre has also recently reached a milestone, with over 150 rescued cats adopted through its cageless adoption centre. The adoption model allows cats and potential adopters to interact in a homely, cage-free environment, helping reduce mismatches and returned adoptions.
Many of the cats available for adoption are surrenders, already socialised and litter trained, while others are stray rescues that have undergone medical screening and socialisation before entering the centre. The centre’s adoption process is thorough: visitors are guided through responsible pet ownership, screened for home readiness (such as meshing windows), and required to sign adoption contracts. This structured approach ensures each cat enters a stable, caring environment. Adoption donations go towards covering medical and upkeep costs, allowing the team to continue their rescue efforts. The process of integrating rescued cats into the café takes weeks to months, often requiring staff to rehabilitate cats from neglect or abuse before they are ready for adoption.
In addition to adoption services, Cat Paradise offers cat boarding services in Singapore. Some adopted cats return to board at the facility, reflecting continued relationships between adopters and the centre. To support future rescue efforts, the company has partnered with online pet retailer ExpressPetSupplies.sg, which donates a portion of proceeds to assist in funding care for more cats. Despite the challenges of rescue work, the team remains dedicated to giving each cat the time and space it needs to heal, socialise, and eventually find a loving, permanent home.
The new cat sitting service complements existing offerings by supporting cat owners who prefer their pets remain at home during their absence. It aligns with the centre’s approach to providing consistent, long-term support for feline welfare.
Cat Paradise is a cageless adoption centre and boarding facility in Singapore dedicated to the rescue, rehabilitation, and rehoming of cats. The centre offers a home-like setting where visitors can interact with adoptable cats. In addition to adoption and boarding services, Cat Paradise has expanded to include professional cat sitting.
To learn more about Cat Paradise Hotel’s boarding or newly launched cat sitting service, please visit https://catparadisehotel.sg/.
Hashtag: #CatParadiseSingapore
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Thai Facebook users stormed the official page of Cambodian Senate President Hun Sen shortly after he lifted restrictions on Thai IP addresses on 23 June, allowing users in Thailand to access his Facebook page.
The flood of activity prompted Hun Sen to partially disable comments after a wave of mockery and criticism over Cambodia’s recent border decisions.
It was on this platform that Hun Sen shared a full 17-minute phone call with Thai Prime Minister Paetongtarn Shinawatra, a move that sparked domestic controversy in Thailand and further escalated tensions between the two nations.
“The quality of this tourism video looks like it was filmed with equipment from 30-40 years ago,” one Thai user commented under a tourism promotional clip shared by Hun Sen.
“Cambodia ❌ Scambodia ✔️a country with a deceptive leader, brainwashing its citizens and lying to the world,” another user wrote, replying to a post originally from Prime Minister Hun Manet’s Facebook page, which showed him visiting evacuees near the border.
“You shut the borders, but now Thai people have assembled on your Facebook. Come reply to us, Uncle Vun Sen (Noodle in Thai slang),” read another mocking comment.
The flood of Thai comments on Hun Sen’s Facebook page also drew reactions from Cambodian users, some rushing to defend their leader, while others expressed dissent.
“Parents, brothers, and sisters, there are Thai people trying to write in Khmer. This shows they’re working hard to learn our alphabet,” one Cambodian user commented, interpreting the act as a sign of respect or effort.
“Don’t be fooled by what you see in the comments. Thai people are trying to make us turn against our leaders. Don’t fall for our neighbor’s manipulation, Khmer brothers and sisters,” they added, urging others to remain loyal.
“I feel sorry for the Cambodian people,” one user wrote. “The country still isn’t developed, yet the leaders continue to convince the public to see the world differently. Cambodia remains trapped in outdated nationalist thinking, while many citizens still suffer from hunger.”
These digital protests coincided with Thailand’s decision to close border crossings with Cambodia in six provinces, including Surin, Buriram, Si Sa Ket, Sa Kaeo, Chanthaburi, and Trat. The move restricts entry to all vehicles and pedestrians, except students and individuals seeking urgent medical care.
The closures, effective immediately, also block tourists from using popular entry points such as the Aranyaprathet-Poipet crossing.