Home Blog Page 949

STATEMENT BY FERRETTI INTERNATIONAL HOLDING S.p.A. REGARDING RECENT MEDIA AND ANALYST COMMENTARY ON FERRETTI GROUP

MILAN, March 9, 2026 /PRNewswire/ — Ferretti International Holding S.p.A. (“FIH“), a wholly-owned subsidiary of Weichai Group and controlling shareholder of Ferretti S.p.A. (HKEX: 9638 / Euronext Milan: YACHT) (“Ferretti Group” or the “Company“), wishes to address certain inaccurate and misleading characterisations of Weichai Group / FIH that have appeared in recent media reporting and analyst commentary.

Weichai Group / FIH’s Commitment to Ferretti Group’s Growth

Weichai Group has been a long-term strategic investor in Ferretti Group since 2012, when the Company was on the verge of insolvency with revenues of approximately €300 million and significant losses. Over the course of its shareholding, Weichai Group has made, in aggregate, approximately €470 million in investments in Ferretti Group, underpinning the Company’s return to sustainable profitability and its standing as a leading player in the global luxury yacht industry. In 2025, Ferretti Group generated revenues of approximately €1.23 billion and a net profit of approximately €90 million, with a strong order backlog providing multi-year revenue visibility.

Weichai Group / FIH have at all times supported, and continue to support, Ferretti Group’s pursuit of value-creating opportunities, including organic growth, business expansion and selective mergers and acquisitions. The Company completed its listings on the Hong Kong Stock Exchange in 2022 and Euronext Milan in 2023, becoming the first Italian luxury yacht manufacturer listed on both markets. The Company has also continuously expanded its Italian manufacturing footprint, most recently through the acquisition and development of the San Vitale shipyard complex in Ravenna during 2023 and 2024, now the largest production facility within the Ferretti Group, with investment of approximately €140 million. The complex now spans approximately 100,000 square metres, increasing production capacity by approximately 30% and reinforcing its commitment to Italian craftsmanship and industrial heritage. The suggestion that Weichai Group / FIH has prevented or obstructed the Company from pursuing growth initiatives is factually incorrect and without foundation.

Ferretti Group’s Governance

Ferretti Group is a company listed on both the Hong Kong Stock Exchange and Euronext Milan, subject to the governance frameworks and regulatory requirements of both markets. Strategic decisions of the Company are, and must be, made through its properly constituted board of directors and/or the CEO in accordance with applicable laws, listing rules and the Company’s constitutional documents, having regard to the interests of all shareholders. The Company has adopted a corporate governance system in line with national and international best practices, inspired by the principles and recommendations of the Corporate Governance Code and Appendix C1 to the Listing Rules.

FIH, as a shareholder, exercises its rights through proper corporate governance channels. It does not act unilaterally to direct or constrain the Company’s management, and any characterisation to the contrary misrepresents the governance structure of a publicly listed company.

Commentary During the Offer Period

FIH notes that certain recent media and analyst commentary has included observations on the likely outcome of the ongoing voluntary conditional partial offer by KKCG Maritime, on prospective shareholder voting intentions at the forthcoming annual general meeting, and on the anticipated strategic direction of the Company under a reconstituted board. FIH considers it necessary to note that such commentary, published during the offer period, raises serious questions as to the source and basis of the information relied upon, and whether the content of such commentary is appropriate in the context of a regulated offer process.

FIH reserves all rights in connection with the foregoing.

***

This communication does not constitute, nor is it intended to constitute, an offer, invitation or solicitation to buy or otherwise acquire, subscribe, sell or otherwise dispose of financial instruments. The publication or dissemination of this communication in countries other than Italy and Hong Kong may be subject to restrictions under applicable law, and therefore any person subject to the laws of any country other than Italy or Hong Kong should independently obtain information about any restrictions under applicable laws and regulations and ensure that they comply with them. Any failure to comply with such restrictions may constitute a violation of the applicable law of the relevant country. This notice has been prepared in accordance with the laws of Italy and Hong Kong and the information disclosed herein may be different from that which would have been disclosed had the notice been prepared in accordance with the laws of countries other than Italy and Hong Kong. No copy of this communication shall be, nor may be, sent by mail or otherwise transmitted or distributed in any or all countries where the provisions of local law may give rise to civil, criminal or regulatory risks if information concerning the present press release is transmitted or made available to shareholders of the Company in such country or any other country where such conduct would constitute a violation of the laws of such country and any person receiving such documents (including as custodian or trustee) is required not to mail or otherwise transmit or distribute the same to or from any such country.

X-PHY Inc Appoints RoBridgeAI as Official Channel Partner for India

SINGAPORE, March 9, 2026 /PRNewswire/ — Hardware cybersecurity specialist, X-PHY Inc, today announced a strategic channel partnership with RoBridgeAI, a deep-tech venture backed by the Rajalakshmi Group. Under the agreement, RoBridgeAI is appointed as an authorised channel partner for X-PHY’s AI-embedded cybersecurity suite of products and solutions across India.

X-PHY Inc appoints RoBridge AI as channel partner for India
X-PHY Inc appoints RoBridge AI as channel partner for India

The partnership reinforces X-PHY’s commitment to expanding its global footprint and delivering next-generation cybersecurity solutions that advocate for a defense-in-depth approach to cybersecurity – starting from the physical infrastructure. The approach enables autonomous threat detection, prevention, and response – an increasingly critical capability as organisations face sophisticated attacks, AI-powered threats, and stringent data protection requirements.

Backed by the Rajalakshmi Group, RoBridgeAI brings to the partnership access to advanced R&D infrastructure and an established customer base across manufacturing, technology, and infrastructure sectors in India.

“We are proud to welcome RoBridgeAI into our X-PHY partner ecosystem,” said Ms Camellia Chan, Co-Founder and CEO of X-PHY Inc., “The group’s proven technical expertise, strong industry reach, and shared vision for transforming digital security make them an ideal partner in scaling our presence in India – a market that is rapidly advancing in AI adoption and data security demands.”

“As India’s digital economy scales, cybersecurity can no longer be treated as an afterthought, rather it must be foundational,” said Mr Surya Prakash, Country Manager of RoBridgeAI. “This partnership with X-PHY aligns strongly with our vision of delivering security by design. By bringing AI-embedded, hardware-level protection to Indian enterprises and public sector organisations, we are enabling a proactive, resilient security posture that safeguards critical systems and data from the ground up.”

India represents a significant growth opportunity for advanced cybersecurity solutions, with the country’s cybersecurity market projected to reach USD 6.56 billion in 2026, growing at an annual rate of 18%.

Through this partnership, RoBridgeAI will bring the full range of X-PHY cybersecurity solutions to the Indian market. These include the X-PHY Cybersecure Solid State Drive (SSD), an AI-embedded SSD that provides autonomous threat detection and response, secure laptops designed to protect endpoints from the hardware level, the X-PHY Deepfake Detector, and enterprise-grade solutions built to defend mission-critical data infrastructure.

For enterprise customers, X-PHY’s solutions are managed centrally through the X-PHY Management Console, a unified overseer that enables real-time monitoring and control, delivering an integrated ecosystem anchored on immutable, physical-layer cybersecurity.

About X-PHY Inc

X-PHY Inc is a pioneering cybersecurity company dedicated to hardware-based cybersecurity solutions that protect data at its core. Built on the principle of Security by Design, X-PHY embeds protection directly at the physical layer for proactive, autonomous, and real-time defense against evolving cyber threats. Headquartered in California, USA, X-PHY Inc was established in 2021 and has since developed a growing portfolio of over 50 patents, reinforcing its commitment to innovative AI-embedded security at the hardware level. The company’s patented solutions safeguard endpoints, servers, and data centers, ensuring zero-trust resilience across industries.

X-PHY Inc is part of the Flexxon Group, a leader in hardware engineering and memory solutions, leveraging its legacy of innovation and expertise in secure storage to build cutting-edge cybersecurity technologies for the digital world.

For more information, please visit:
X-PHY: x-phy.com
Flexxon: flexxon.com 

About RoBridgeAI

Founded in 2025 and headquartered in Chennai, RoBridgeAI is a deep-tech innovation company powered by Rajalakshmi Group. With expertise in AI, IoT, robotics, and Industry 4.0, RoBridgeAI transforms research into scalable solutions across sectors such as manufacturing, aerospace, and electric mobility.

For more information, please visit: robridgelabs.com 

Lingnan University Prof Leng Mingming earns sole Beta Gamma Sigma’s 2026 Dean of the Year Award

HONG KONG, March 9, 2026 /PRNewswire/ — Lingnan University is proud to announce that Prof Leng Mingming, Dean of the Faculty of Business and Chair Professor of Operations and Risk Management, has been named the recipient of the Beta Gamma Sigma (BGS)’s 2026 Dean of the Year Award. Prof Leng was the sole winner selected from over 640 universities across 39 countries and regions. The award is presented annually to one outstanding dean who has demonstrated exceptional leadership in business education and consistent support for students. Prof Leng will attend the award ceremony in Seattle this April.

Prof Leng Mingming, Dean of the Faculty of Business and Chair Professor of Operations and Risk Management at Lingnan University, receiving the Beta Gamma Sigma’s 2026 Dean of the Year Award.
Prof Leng Mingming, Dean of the Faculty of Business and Chair Professor of Operations and Risk Management at Lingnan University, receiving the Beta Gamma Sigma’s 2026 Dean of the Year Award.

Prof S. Joe Qin, President and Wai Kee Kau Chair Professor of Data Science at Lingnan University, extended his sincere congratulations to Prof Leng, saying “Under Prof Leng’s leadership, the Faculty of Business has continuously strengthened its academic capabilities. According to the latest 2025 UTD24 journal rankings of Chinese scholars, the Faculty is 24th among institutions in the Greater China region, demonstrating the Faculty’s recognised research strength and international impact. Prof Leng’s recognition as 2026 Dean of the Year not only acknowledges his personal leadership and contributions, but also highlights the Faculty’s influential role in the international business education community.”

Prof Leng Mingming responded “I am deeply honoured to receive this recognition. Since joining Lingnan University in 2005, I have served as department head and founding director of multiple master’s and doctoral programmes, promoting curriculum innovation, interdisciplinary research, and holistic student development. My research focuses on cooperative game theory and supply chain management, combining theoretical insights with practical applications for industry, and is published in leading international journals. This award recognises not only my own work but also that of the whole Faculty of Business team in fostering academic excellence and giving students a global perspective, innovative capabilities, and leadership qualities, so they may contribute to society.”

The BGS Dean of the Year Award is open to deans nominated by BGS chapters worldwide. Criteria include encouraging and recognising the academic achievements of business and management students, developing BGS members as student and professional leaders, supporting ongoing leadership and excellence, and connecting students and alumni to professional opportunities.

Founded in 1913, Beta Gamma Sigma is the international honour society for AACSB-accredited business programmes, and has inducted over 970,000 members throughout the world who hold leadership roles or have founded influential organisations.

For more information, please visit: Beta Gamma Sigma

Asia Coach Group Partners with Award-Winning Trainer Ling Sia to Launch “Micro-Capital Growth PLUS” Programme, Advancing Practical Financial Education

HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – Asia Coach Group Limited announced the launch of “Micro-Capital Growth PLUS,” a new financial literacy programme developed in collaboration with Ling Sia, one of the company’s lead trainers recently named among Hong Kong’s Top 10 Business Trainers. The programme is built on three core principles — low starting capital, repeatable processes, and disciplined wealth-building — and is designed to deliver an accessible financial education framework that balances risk management with practical application.

Ling Sia (佘艾靈), founder of "Micro-Capital Growth PLUS"

Financial Vulnerability Among Hong Kong’s Workforce Has Become a Structural Issue

Hong Kong’s median monthly employment earnings stand at approximately HKD 20,500, with over 200,000 workers classified as working poor. Concurrently, more than 43,000 fraud cases were recorded in 2025, with online investment scams averaging approximately HKD 700,000 in losses per case. The combination of a narrow income base and high-impact fraud exposure means a single financial misstep can have irreversible consequences for the city’s lower- and middle-income earners. In this environment, financial education must prioritise capital preservation and risk awareness over the pursuit of returns.

An Award-Winning Trainer Bringing Real-World Experience to Financial Education

Ling Sia was selected as one of Hong Kong’s Top 10 Business Trainers in the “World’s Most Popular Business Trainer” awards organised by the Hong Kong Economic Times, a recognition of her professional credentials and proven teaching outcomes. With over eight years of training experience and a decade-long background in wealth management, she has conducted more than 90 financial literacy events and guided over a thousand participants in building passive income streams. Having personally experienced investment losses, Ling Sia brings a grounded understanding of the risks and pressures facing individuals with limited capital. Her teaching philosophy centres on translating asset allocation principles into actionable, step-by-step strategies that enable participants to start small and build passive income through a structured process.

A Systematic Framework for Building Passive Income

“Micro-Capital Growth PLUS” is a comprehensive upgrade of the original programme, offering participants a repeatable, systematic financial planning process. The curriculum is structured around four core modules: real-world investment case studies supported by verified return data; financial mindset training to help participants develop rational money management habits and risk awareness; a cash flow strategy that deconstructs the steps to building passive income, targeting an initial four-figure monthly return within three months; and a holistic planning component addressing personal development and lifestyle balance.

The programme adopts a one-on-one personalised coaching model, with Ling Sia guiding each participant through the process of establishing their own passive income cash flow. Unlike conventional finance courses with high tuition fees, advisory services with ongoing management charges, or overseas investment schemes requiring substantial capital commitments, “Micro-Capital Growth PLUS” offers a lower barrier to entry with a clearly defined, actionable path to asset growth.

Aligned with a Shifting Market — Practical Expertise Becomes the New Standard in Training

Hong Kong’s professional training market is undergoing a notable shift. Results from the Hong Kong Economic Times’ “World’s Most Popular Business Trainer” awards indicate that industry demand has moved from traditional theory-based instruction toward digital, practice-oriented application, with trainers who combine entrepreneurial experience and financial teaching expertise attracting the strongest market interest. Ling Sia’s “executable, process-driven, guided” teaching methodology is well-positioned within this evolving landscape. Backed by the professional recognition as one of Hong Kong’s Top 10 Business Trainers, the programme offers a risk-conscious, accessible pathway to financial literacy for everyday investors.Hashtag: #Finance #Investment #Coaching #LingSia #Micro-CapitalGrowthPLUS

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

About Asia Coach Group

Founded in 2019, Asia Coach Group is a premier business education institution serving professionals and organisations across Asia. Our mission is to develop high-calibre business leaders and equip them with the skills, strategies, and mindset to drive measurable results.

To date, we have trained over 10,000 participants — from C-suite executives and seasoned professionals to first-time founders — generating more than HKD 300 million in cumulative revenue. Our faculty comprises six domain-expert instructors specialising in e-commerce, sales, investment, and corporate performance training.

Visa Intelligent Authorization modernises payment processing for banks and financial institutions, unlocking ‘era of innovation’

  • Legacy payment authorisation systems can limit acquirers’ ability to support emerging payment methods and new forms of commerce
  • Visa Intelligent Authorization enables modern payment processing across major card networks through a single API, helping eliminate the need for costly infrastructure rebuilds

SINGAPORE, March 9, 2026 /PRNewswire/ — Visa (NYSE: V) today announced the launch of Visa Intelligent Authorization, a new capability on the Visa Acceptance Platform that enables acquirers (banks and other financial institutions that process payments for merchants) to modernise their payment processing through a single API connection, helping eliminate the need for expensive, time‑consuming infrastructure rebuilds.

Authorisation is core to how digital payments work: acquirers send real‑time authorisation requests through card networks to consumer banks, which approve or decline within seconds. Yet legacy systems can struggle with today’s volumes and data complexity – resulting in false declines, higher costs and limiting innovation.

Visa Intelligent Authorization helps address these challenges by providing a modern authorisation capability that can process transactions across major card networks through a single integration. The solution delivers 99.999% uptime[1] and achieves an average approval rate of 96.3% globally, both industry‑leading benchmarks. It can be used as an acquirer’s main processor or as a complement to extend their capabilities.

The product’s machine‑learning engine analyses transaction data in real time to help optimise routing decisions based on network rules, industry programmes and regional regulations. It also provides instant risk alerts and a centralised portal, complete with an analytics dashboard, to streamline oversight, settlement and regulatory compliance.

Prerequisite for innovation

As digital payments evolve, modern processing infrastructure is becoming a prerequisite for innovation. Digital wallets, stablecoins and new forms of commerce (such as agentic commerce) are increasing both the volume and complexity of transactions flowing through authorisation systems.

Recent Visa‑commissioned YouGov research underscores why this shift is accelerating. Across Asia Pacific, 74% of consumers already use AI‑powered tools as part of their shopping journey, increasing the speed, frequency and data intensity of payment interactions. As AI‑enabled commerce, digital wallets and new payment flows become more embedded in everyday transactions, authorisation systems are required to process richer data sets in real time, at greater scale and with higher reliability. This rising complexity is exposing the limitations of legacy authorisation infrastructure and reinforcing the need for modern, always‑on processing capabilities.

“We’re entering a new era of commerce, where AI agents can act on behalf of consumers, stablecoins are reshaping settlement, and digital wallets are becoming the primary interface for payments. The opportunity is significant. But much of today’s infrastructure was built for a different generation of transactions,” says Axel Boye‑Moller, Head of Value‑Added Services, Asia Pacific at Visa.

“Visa Intelligent Authorization is designed for this shift, delivering smarter decisioning across networks through a single integration. It is built for what’s happening now, and what’s coming next.”

Availability

Visa Intelligent Authorization is available to eligible acquirers as part of the Visa Acceptance Platform, providing a scalable foundation for modern payment processing as the industry continues to evolve.

To learn more, visit Visa.com.

About Visa

Visa (NYSE: V) is a world leader in digital payments, helping consumers, businesses, financial institutions and governments make payments in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, so everyone can thrive. We believe that including everyone in the economy helps everyone succeed, and that easy access to payments is key to the future of moving money. Learn more at Visa.com.

[1] Overall payment orchestration approval rate (all traffic of card present and card not present) excluding India traffic for the 12 months of March 2024 through February 2025.

 

BLUETTI Launches Elite 400 Rolling Power Station in Australia

SYDNEY, March 9, 2026 /PRNewswire/ — BLUETTI, a technology pioneer in clean energy, has announced the Australian launch of its new Elite 400 wheeled power station, available from March 9, 2026. Combining nearly 4kWh of high capacity with suitcase-like mobility, the Elite 400 rolls around to support home backup, outdoor activities, small businesses, and off-grid operations.

BLUETTI Launches Elite 400 Rolling Power Station in Australia
BLUETTI Launches Elite 400 Rolling Power Station in Australia

Roll-in Power for All Scenarios

Despite its large capacity, the Elite 400 is designed for easy transport. A pull rod, durable wheels, and integrated handles allow one person to move the unit between locations, from living room to vehicle to worksite.

Built for versatility, the Elite 400 provides 2,600W of continuous AC output, with up to 3,900W lifting power to handle high-startup appliances, including fridges, freezers, induction cooktops, and power tools. Its pure sine wave output through seven versatile ports offers stable, clean power delivery for DJ setups, market stalls, and outdoor events.

Long-Lasting Operation, Least Downtime

On a full charge, the Elite 400 can operate a 50W portable fridge for over 131 hours, a 1,000W ice maker for approximately 3.2 hours, or a 120W speaker for about 25 hours, supporting extended use without refuels, emissions, or noise.

When it’s depleted, the AC+solar combined input of 3,300W gets it back to 80% recharge in one hour under optimal conditions. This fast turnaround ensures non-stop operation for rural farms, remote properties, and off-grid sheds seeking clean and cost-effective energy solutions.

Fast UPS Backup with Smart Control

As an interrupted power supply, Elite 400 switches to battery power within 15ms, keeping security cameras, POS machines, and work-from-home gear intact during sudden outages. Its 3W ultra-low self-consumption guarantees long standby periods.

Smart monitoring and control are available through the BLUETTI app via Bluetooth and Wi-Fi. Users can track real-time power usage, schedule charging, and automate power routines for day-to-day convenience.

The BLUETTI Elite 400 will retail at AUD $2,999 on the official BLUETTI Australia website from March 9, 2026.

About BLUETTI

Founded in 2009, BLUETTI is a technology pioneer in clean energy, specializing in innovative portable power stations and home power backup for power outages. With in-house R&D and manufacturing, and a growing patent portfolio, BLUETTI continually raises the standard for performance, safety, and sustainability in the industry, empowering over 4 million users across 110+ countries.

 

BIEL Crystal selected as exclusive supplier of cover glass for iPhone 17e

HONG KONG, March 9, 2026 /PRNewswire/ — Apple’s latest budget-friendly smartphone, the iPhone 17e, makes its debut featuring significant storage upgrades and the same trusted durability. Retailing at a starting price of $599, the device now offers 256GB of base storage—double the capacity of last year’s iPhone 16e.

iPhone 17e: Durable Ceramic Shield 2 front with 3x better scratch resistance.
iPhone 17e: Durable Ceramic Shield 2 front with 3x better scratch resistance.

The iPhone 17e features a significant upgrade in both the material and craftsmanship of its cover glass. The front cover glass is manufactured by BIEL Crystal and is made of Ceramic Shield 2. Reinforced with BIEL Crystal’s super-hard coating technology, Ceramic Shield 2 delivers three times better scratch resistance compared to the Ceramic Shield 1 used in the iPhone 16e.

It is worth noting that Apple has once again selected BIEL Crystal as the exclusive supplier of cover glass for the iPhone 17e. BIEL Crystal was also the exclusive supplier of cover glass for the iPhone 16e launched early in 2025.

About BIEL Crystal
As a global leader in exterior structure and module solutions for smart devices, BIEL Crystal serves a wide range of industries. Its advanced components are essential to consumer electronics, smart wearables, AR/VR glasses, and next-generation automotive applications. This trust is reflected in its long-standing partnerships with industry pioneers such as Apple, Samsung, Meta, and Tesla.

With more than 30 years of technological innovation and excellent management, BIEL Crystal has become a large technology innovation group with 9 advanced production bases worldwide, with a total investment of over HK$42 billion, covering a total area of about 4.3 million square meters, employing more than 100,000 people and with an annual production capacity of 2.2 billion pieces.

 

Musim Mas Strengthens Women’s Empowerment Programmes as a Foundation for Sustainability in Operations and Communities

MEDAN, IndonesiaMarch 9, 2026 /PRNewswire/ — In commemoration of National Women’s Day, Musim Mas reaffirms its commitment to building a more inclusive palm oil industry through women’s empowerment and gender equality. Musim Mas believes that women play a vital role in driving sustainability and progress in the industry. As such, gender equality is not only a moral responsibility, but also an important part of the company’s long-term business strategy.

Musim Mas strengthens its Gender Committees through collaboration with DIWA to promote the protection, participation, and leadership of women in its operations.
Musim Mas strengthens its Gender Committees through collaboration with DIWA to promote the protection, participation, and leadership of women in its operations.

This commitment is reflected through initiatives such as the Gender Committee and women’s empowerment programmes, and is further reinforced in in the Musim Mas Sustainability Roadmap 2026–2030, where Gender Equity and Women Empowerment has been identified as a priority strategy. By strengthening Gender Committees at the operational level and implementing the Women Smallholders Program (WSP) at the community level, Musim Mas continues to promote women’s participation and contributions across the palm oil supply chain.

Speaking during a webinar titled “Strengthening Business Resilience through Sustainability,” Vivi Anita, General Manager of Sustainability at Musim Mas, shared:

“Through our Women’s Empowerment programmes, we are not only conducting responsible business, but also investing in human capital to strengthen the company’s operational resilience while supporting women’s sovereignty and independence. This represents an important step toward improving overall community welfare.”

Gender Committee: Tangible Support for Women in the Workplace

Established in 2008, the Gender Committee plays an important role in creating a safe, dignified, and inclusive working environment for employees—especially women—across the company’s operational units. At the operational level, the committee supports the protection of women workers while encouraging their participation and strategic contributions.

Musim Mas also collaborates with DIWA (Dignity in Work for All), a global non-profit organisation focused on promoting workers’ rights and dignity. Through activities such as assessments, focus group discussions with workers, and training for Gender Committee members as well as plantation and mill workers, the programme supports improvements not only in company systems but also in workplace culture and mindsets.

The initiative provides a safe space for women workers to share their experiences and aspirations, while strengthening mechanisms to address sensitive issues such as discrimination, gender-based violence, and sexual harassment through a survivor-centred approach. It also aims to improve understanding of gender equality, women’s leadership, and the role of men as active allies in advancing gender equality and social change.

For Musim Mas, women’s empowerment is an integral part of its sustainability strategy. Through the Gender Committee, the company promotes equal access and opportunities for women across roles and leadership levels, while encouraging dialogue on gender equality that includes the active participation of men.

Women Smallholders Program: Strengthening Women in Plantation Communities

Beyond its operations, Musim Mas also promotes women’s empowerment at the community level through the Women Smallholders Program (WSP). The programme supports women smallholders and the wives of smallholders by strengthening their social and economic capacities so they can contribute more actively to their families, plantation businesses, and communities.

WSP addresses challenges faced by women in plantation communities through training on Family Nutrition and Health, Financial Literacy, and Business Opportunities Development. In 2023, the programme’s first phase was implemented in three regencies in Riau in collaboration with academics from the University of North Sumatra and national financial institutions.

Early results show tangible impact. More than 500 women participated in Family Nutrition and Health training, with changes in health practices monitored. 574 women joined Financial Literacy training to strengthen household economic resilience. Three women-led business groups were formed and received training and mentoring to develop essential goods retail businesses.

Today, these groups manage businesses supplying essential goods to local communities and nearby shops, achieving average assets of approximately IDR 80 million per group.

Prof. Ir. Diana Chalil, M.Si., Ph.D., an Agribusiness lecturer at the University of North Sumatra who has been involved in supporting the WSP programme, views the initiative as a strategic step.

“Independent smallholder plantations are generally managed as family enterprises, where women play an important role both as workers and as managers of household finances. Therefore, efforts to improve the performance and sustainability of smallholder oil palm plantations must actively involve and empower women.”

Moving Forward

Musim Mas will continue strengthening the capacity of its Gender Committees, integrating lessons learned into the company’s management systems, and expanding the Women Smallholders Program to additional regions. Through a collaborative and sustainable approach, Musim Mas is committed to ensuring that women are not only protected but also given opportunities to grow, have their voices heard, and be recognised as agents of change in building an inclusive and sustainable palm oil industry.

Contact:
Reza Rinaldi Mardja
Corporate Communications, Musim Mas Group
E. media@musimmas.com

 

Through the Women Smallholders Program, Musim Mas supports women smallholders and smallholders’ wives with training in family nutrition and health, financial literacy, and small business development, including women-led essential goods businesses in Riau.
Through the Women Smallholders Program, Musim Mas supports women smallholders and smallholders’ wives with training in family nutrition and health, financial literacy, and small business development, including women-led essential goods businesses in Riau.