28.4 C
Vientiane
Wednesday, June 18, 2025
spot_img
Home Blog Page 1254

IGEM 2024 Sets the Stage for Global Collaboration in Green Innovation and Clean Energy

The 15th edition of IGEM will bring together thought leaders worldwide to share breakthrough technologies and strategies for achieving net zero emissions.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 4 October 2024 – The International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) returns for its landmark 15th edition from 9 to 11 October 2024. As one of Southeast Asia’s largest green technology showcases, IGEM 2024 will bring together 48,000 participants and 480 exhibitors from 48 countries, generating business leads estimated at MYR 4.8 billion.

Organised by the Ministry of Natural Resources and Environmental Sustainability (NRES) and co-organised by the Malaysian Green Technology and Climate Change Corporation (MGTC), IGEM has been instrumental in advancing Malaysia’s ambition to become a regional leader in Greentech and Cleantech. With the Malaysian Investment Development Authority (MIDA) as the strategic partner, IGEM 2024 promises to deliver groundbreaking innovations that address climate concerns as well as spearhead a green economy to futureproof the nation.

IGEM 2024’s theme, “Race Towards Net Zero: Regional Leadership for Climate Urgency”, reflects the pressing need for collective action against climate change. As global efforts intensify to curb greenhouse gas emissions, IGEM will be at the forefront of critical discussions around sustainability and green technology solutions for the region’s future.

MGTC Group Chief Executive Officer, Ir. Ts. Shamsul Bahar Mohd Nor emphasised IGEM’s role in positioning Malaysia globally, especially as the country prepares for major milestones such as COP29 in Azerbaijan, and becoming the chair of ASEAN in 2025.

“IGEM is a global nexus for innovation and collaboration where ideas evolve into tangible solutions. Bringing together international leaders, green businesses, and policymakers catalyses cross-border cooperation, knowledge exchange, and technological advancements that is crucial in addressing the climate crisis. This platform not only amplifies Malaysia’s leadership on the world stage but also creates the opportunity for meaningful partnerships that can drive impactful change globally,” said Shamsul Bahar.

One of the key highlights of IGEM 2024 will be the Clean Energy Transition Asia (CETA) Summit. This summit will bring together influential voices, including ministers, policymakers, and leading figures from the private sector, to chart the course for Asia’s clean energy transition.

Among the distinguished speakers are Ken Haig, Head of Energy and Environmental Policy at Amazon Web Services (AWS); Pras Ganesh, Executive Vice President & Chief Information Security Officer of Toyota Motor Asia; and Davis Chong, Executive Director and Group CEO of Solarvest. These experts will share their insights on the opportunities and challenges shaping the clean energy landscape.

The CETA Summit, featuring an all-plenary session format, is designed to provide participants with actionable insights and strategic guidance. With a focus on collaboration between the public and private sectors, the summit aims to accelerate clean energy initiatives across the region. Its outcome-driven approach will ensure that CETA Summit becomes a critical driver for clean energy solutions in Asia and beyond.

In addition to the summit, IGEM 2024 will spotlight initiatives such as Mobility X, which focuses on decarbonising transportation, and the Green Job Fair, connecting employers with top talent in the green economy. Attendees can also engage with the Circular Economy Showcase and witness the unveiling of the Malaysia Pavilion at COP29, which will happen later this year in Baku, Azerbaijan.

IGEM has consistently drawn participation from leading nations such as Canada, Austria, Sweden and Finland, fostering a dynamic environment for global collaboration in green technology. This year, IGEM will continue to enable technology exchange, knowledge sharing, and partnerships that will shape the future of the global green economy.

Strategic partnerships have been integral to IGEM’s success, with Petronas as a key collaborator. Gold sponsors include OCBC, Tenaga Nasional Berhad (TNB), and Solar First. UOB, Solarvest, Itramas, Samaiden, Citaglobal, and SolaX are the silver sponsors. Bronze sponsors include Bio Eneco, Plus Xnergy, Leader Energy, Bank Pembangunan Malaysia Berhad and Grab. Iskandar Investment Berhad as the branding sponsor.

Since its inception in 2009, IGEM has attracted over 600,000 visitors from 122 countries and generated over MYR 53.1 billion in business leads. With IGEM 2024, Malaysia continues to lead in sustainability and green innovation, providing valuable opportunities for global business engagement and environmental progress.

Admission to IGEM 2024 is complimentary with prior registration. For more information, visit https://www.igem.my/ and secure your participation today.

Hashtag: #IGEM2024

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

About MGTC

MGTC is an agency under the Ministry of Natural Resources and Environmental Sustainability mandated to accelerate green growth, advance climate action and inculcate green lifestyle.

Guided by the National Green Technology Policy (NGTP), the National Policy on Climate Change (NCCP), the Green Technology Master Plan 2017-2030 (GTMP) and the Twelfth Malaysia Plan, MGTC carries out programmes and initiatives to support stakeholders at all levels.

By 2030, through its various programs and initiatives, MGTC aims to facilitate RM100 billion in green investments, create 230,000 green jobs and help Malaysia achieve its net-zero GHG emissions as early as 2050 target.

ViewQwest Amplifies Excitement in Standard Chartered Singapore Marathon in Third Consecutive Sponsorship

  • ‘Run with ViewQwest’ Challenge Offers Over SGD 20,000 in Cash Prizes Across All Race Categories
  • Challenge invites all non-competitive SCSM runners to join for FREE

SINGAPORE – Media OutReach Newswire – 4 October 2024 – ViewQwest is sponsoring the Standard Chartered Singapore Marathon (SCSM) for the third consecutive year, aligning with its commitment to support world-class endeavours in Singapore. The SCSM is recognised as one of the world’s most prestigious marathons, promoting health, wellness and a sense of achievement while showcasing Singapore’s vibrant culture and global sporting presence.

As part of its ongoing partnership, ViewQwest is launching the ‘Run with ViewQwest’ Challenge, an exciting opportunity for non-competitive Singaporean and PR runners to win cash prizes—marking a shift from typical marathons where only top international professionals claim victory. This initiative aligns with the marathon’s mission to inspire individuals from all walks of life to embrace active lifestyles, while creating an inclusive, memorable experience for both participants and spectators.

Runners across the 5K, 10K, Half Marathon, and Marathon categories can compete for over SGD 20,000 in cash prizes. Winners will be selected through a free-to-enter raffle, ensuring that everyone, regardless of age, fitness level, or experience, has a chance to win. Up to 13 participants in each category could win as much as SGD 1,000. Raffle entries are based on finishing times, meaning the faster a runner completes their race, the more chances they have to win. For more information on the challenge, visit https://viewqwest.com/sg/residential/scsm2024/

As part of the ‘Run with ViewQwest’ challenge, participants will also enjoy access to a priority slot for recovery therapy at the ViewQwest booth on race day. In partnership with O2 Lab Pte Ltd, we are offering the CRYO XC™ Plus whole-body cryotherapy chamber—a cutting-edge recovery solution designed to expose the body to temperatures as low as -160°C. This rapid cooling therapy reduces inflammation, enhances circulation, and accelerates muscle recovery, helping marathon runners recover faster and more efficiently, so they can bounce back from the race with minimal downtime.

ViewQwest’s support for elevating Singapore’s sporting scene and inspiring runners mirrors its commitment to unlocking human potential through technology. Just as athletes push their limits to achieve personal greatness, ViewQwest empowers its customers with fast, superior connectivity. With the launch of its XGSPON 10Gbps broadband network, ViewQwest is making ultra-fast, reliable internet more accessible to all Singaporeans. In both sports and technology, ViewQwest enables people to explore new possibilities and achieve greatness.

“We are proud to sponsor the Standard Chartered Singapore Marathon for the third consecutive year, as it reflects our commitment to helping individuals reach their personal best. Whether in sports or technology, it’s inspiring to witness the power of the human spirit and what can be achieved when we push beyond our limits. At ViewQwest, we continuously strive to break boundaries, empowering our customers to accomplish what once seemed impossible. This year, we’re especially excited to offer more opportunities for non-competitive runners to win in the SCSM, encouraging everyone to pursue their own path to greatness.” said Vignesa Moorthy, CEO of ViewQwest.

Santoz Kumar, General Manager of Singapore for the The IRONMAN Group added: “We’re pleased to welcome ViewQwest back as a sponsor for the Standard Chartered Singapore Marathon. Our aim is to promote a sporting culture and enable even amateur athletes to have a sense of achievement and the ‘Run with ViewQwest’ challenge is a cool, innovative way for runners to participate in a fun campaign that does that. This is the first time participants in the 5K and 10K categories will be able to win prizes for achieving their best, which will surely encourage everyone to outdo themselves.”
Hashtag: #viewqwest

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

About ViewQwest

ViewQwest is an award-winning connectivity, network, and security services provider driven by a vision to make the world a better place, powered by safer, better internet. Founded and headquartered in Singapore since 2001, it has expanded operations and market coverage in Malaysia, the Philippines, Hong Kong, Macau, Taiwan, Indonesia, Vietnam, and other countries in North and Southeast Asia.

ViewQwest builds and manages high-performing network and security infrastructure for the digital enterprise, securely connecting corporate sites and workforces wherever they are located. It is a trusted partner of global and regional multinational corporations (MNCs) and top companies across Asia, delivering fit-for-purpose connectivity and security to power their digital future. ViewQwest also provides market-leading Residential and SME broadband connectivity and cybersecurity services in Singapore and Malaysia.

ViewQwest received the 2024 Network and Security Integration of the Year Award – Singapore and, in 2023, was named Singapore Broadband Telecom Provider of the Year by the Asian Telecom Awards, recognising its innovation and excellence in network and security. From 2018 to 2022, Ookla Speedtest Awards recognised ViewQwest as Fastest Fixed Network in Singapore.

For more information, visit .

About Standard Chartered Singapore Marathon

The Standard Chartered Singapore Marathon is the leading mass participation run and only World Athletics Gold Label race in South East Asia. Since 2002, the race has given runners unparalleled running experiences, threading through the heart of the city’s iconic landmarks, such as Marina Bay Sands and Gardens by the Bay, and against one of the world’s most iconic city skylines. SCSM comprises of five categories; Marathon 42.195 km, Half Marathon 21.1 km, 10 km, 5 km, and Kids Dash. The race has been a catalyst to growing the local and regional running community, bringing together approximately 50,000 professional, amateur, avid and leisure runners yearly. For more information, visit

HKVAX Secures SFC Type 1, 7 and AMLO Licences

Focusing on OTC Trading, Security Token Offerings, and Real-World Asset Tokenization


HONG KONG SAR – Media OutReach Newswire – 4 October 2024 – Hong Kong Virtual Asset Exchange (HKVAX) has obtained Type 1 (dealing in securities) and Type 7 (providing automated trading services) licences from the Securities and Futures Commission (SFC), along with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence to operate a virtual asset trading platform.

From left to right: Simon Liu, Co-Founder and CTO of HKVAX; Dr. Anthony Ng, Co-Founder and CEO of HKVAX; and Sam Fok, Co-Founder and COO of HKVAX
From left to right: Simon Liu, Co-Founder and CTO of HKVAX; Dr. Anthony Ng, Co-Founder and CEO of HKVAX; and Sam Fok, Co-Founder and COO of HKVAX

As Hong Kong’s third regulated virtual asset platform, HKVAX supports the city’s status as a global virtual asset hub. Beyond over-the-counter (OTC) trading, exchange, and custody services, HKVAX specializes in Security Token Offerings (STO) and Real-World Asset (RWA) tokenization. This comprehensive approach provides one-stop virtual asset financial services, strengthening Hong Kong’s fintech ecosystem.

HKVAX aims to build an intelligent, secure, seamless, and compliant virtual asset ecosystem. Dr. Anthony Ng, Co-Founder and CEO of HKVAX, said: “Obtaining the licence affirms HKVAX and demonstrates Hong Kong’s resolve to lead in the virtual asset industry. We’re part of a financial landscape revolution, aiming to establish Hong Kong as the STO and RWA center for Asia and beyond.”

Dr. Ng emphasized that STO and RWA development will revolutionize traditional financial markets, enhance asset liquidity, and create more opportunities for financiers and investors. This aligns with Hong Kong’s goals to strengthen its position as a financial hub and international asset management center. He believes HKVAX will offer higher quality, diverse options for local and global financiers and investors.

HKVAX’s innovation extends beyond its business model to the technological level. Simon Liu, Co-Founder and CTO, said: “HKVAX’s platform builds infrastructure for the future industry ecosystem. Our highly compatible system flexibly supports our business and partners, aiding industry development. Our five pillars – advanced trading engine, efficient settlement, unified asset management, leading blockchain technology, and multi-layered cybersecurity measurements – construct trustworthy products and services for clients. STOs and RWAs have broad market prospects and are key to HKVAX’s tech-driven financial innovation.”

Co-Founder and COO Sam Fok stated: “Obtaining the licence is just the first step. We will continue implementing our business plans. Our structure provides a good platform for potential clients and partners. It’s not just an exchange, but a complete and comprehensive ecosystem. We offer end-to-end solutions, carefully designing every aspect from asset tokenization to custody, ensuring maximum security and efficiency. We welcome all potential partners and clients to discuss mutually beneficial solutions.”

Mr. Fok added that the licences demonstrate the company’s compliance and security efforts. He emphasized HKVAX’s adoption of the highest “Know Your Customer” (KYC) and “Anti-Money Laundering” (AML) standards, creating a safe trading environment for investors. The company also provides comprehensive insurance for its custody services, ensuring absolute security of client assets.

HKVAX’s three core services include:

  1. Efficient OTC brokerage: Deep liquidity and optimized pricing for institutional clients.
  2. 24/7 trading platform: Round-the-clock trading with customized tools.
  3. Comprehensive asset custody: Multi-signature technology, cold/hot wallet separation, and comprehensive insurance coverage.

In addition to these core businesses, HKVAX offers professional investors one-stop virtual asset management services including STOs and RWAs, such as asset tokenization consulting, technical support, token issuance and listing, secondary market trading, and asset custody and management.

HKVAX is forming a virtual asset alliance with strategic partners including brokers, Money Service Operators (MSOs), Exchange Traded Fund (ETF) issuers, stablecoin issuers, virtual asset platforms, and project teams. This collaboration aims to create a thriving virtual asset ecosystem and contribute to Hong Kong’s financial innovation. Post-licensing, the company will continue working closely with regulators to elevate industry standards, striving to provide more diverse and efficient services while fully complying with regulations.
Hashtag: #HKVAX

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

About HKVAX

Hong Kong Virtual Asset Exchange (HKVAX) is the third virtual asset trading platform licensed by Hong Kong’s Securities and Futures Commission. As a leading virtual asset management platform, HKVAX aims to be a key global player in virtual finance, based in Hong Kong.

Beyond OTC trading, exchange, and custody services, HKVAX focuses on Security Token Offerings (STO) and Real-World Asset (RWA) tokenization. It combines traditional finance with blockchain technology to serve institutional and professional investors.

HKVAX prioritizes security and compliance, using strict “Know Your Customer” (KYC) / “Anti-Money Laundering” (AML) standards, multi-signature technology, wallet separation, and comprehensive insurance. It actively cooperates with regulators to promote industry standards and forms strategic alliances with brokers, Money Service Operators (MSOs), Exchange Traded Fund (ETF) issuers, and other platforms to build a compliant virtual asset ecosystem. Through these efforts, HKVAX drives Hong Kong’s financial innovation and advances the global virtual asset market.

For further information, please visit:

Road Closures Announced in Vientiane for ASEAN Summit

Road Closures Announced in Vientiane for ASEAN Summit
Lane Xang Avenue in Chanthabouly district is one of the roads that are closed.

From 5 to 13 October, all vehicles are prohibited from driving on certain roads in Vientiane Capital during the 44th and 45th ASEAN Summit to facilitate the movements of delegates who will attend the gathering.

Care that counts — Olymptrade celebrates 10th anniversary


ST. VINCENT AND THE GRENADINES – Media OutReach Newswire – 4 October 2024 – This October, Olymptrade, a global online trading platform, marks 10 years in the market with over 100 million traders across 130 countries. To celebrate the milestone, Olymptrade has introduced a refreshed name, logo and platform design. Its new slogan, “Care that counts,” emphasizes the company’s ongoing commitment to providing reliable services and support to traders.

Olymptrade

Olymptrade’s updated trading platform is designed with simplicity and ease of use in mind, so both new and experienced traders can achieve their goals faster than ever, starting right from the Olymptrade login page. The trading platform is staying focused on its users, offering them trading tools, support and transparency, along with a free demo account for practice and a mobile trading app for making profits on the go.

As part of the celebration, Olymptrade is hosting activities for its community throughout October, inviting traders to share their success stories and connect on the platform’s social media pages. The winners will be announced in November, with prizes including exclusive merchandise and risk-free trades.

Olymptrade’s caring approach has always been at the core of its success. The “Care that counts” slogan reflects the company’s focus on supporting traders at every step, ensuring they feel valued and protected throughout their trading journey.

Olymptrade. Care that counts.
Hashtag: #Olymptrade

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

smart Opens Showroom and Launches smart #3 in Singapore

Cycle & Carriage and smart Expand EV Offerings with New Showroom and SUV Coupé


SINGAPORE – Media OutReach Newswire – 4 October 2024 – Cycle & Carriage and smart Automobile have announced the official opening of the smart showroom at Level 3 of the Mercedes-Benz Center, located at 301 Alexandra Road. The new showroom features the smart #1 compact SUV and marks the launch of the smart #3, the brand’s first-ever SUV coupé, in Singapore.

Cycle & Carriage and smart Automobile have announced the official opening of the smart showroom at Level 3 of the Mercedes-Benz Center, located at 301 Alexandra Road.
Cycle & Carriage and smart Automobile have announced the official opening of the smart showroom at Level 3 of the Mercedes-Benz Center, located at 301 Alexandra Road.


smart Showroom Opens its Doors to the Public

The new smart showroom is now open, offering customers a dedicated space to see and experience the smart EV models in-person. Featuring a minimalist design illuminated by plenty of natural light for a spacious and inviting atmosphere, customers can explore the Pro+ and BRABUS variants of the smart #1 and newly launched smart #3. Besides viewing the cars, customers can also view paint swatches and browse a selection of official smart-branded merchandise.

smart Showroom Location:

Mercedes-Benz Center, Level 3
301 Alexandra Road, (S)159968

smart Showroom Operating Hours:

Mon – Sat: 8.30am to 7.00pm
Sunday: 10.00am to 6.00pm

smart #3 – An Electrifying SUV Coupé Experience

The smart #3, the brand’s first-ever SUV coupé, is now available in Singapore. Here’s what makes it special:

  • Sporty design: Designed by the Mercedes-Benz Global Design Team, the smart #3 embodies the “Sensual Product” philosophy with its seamless lines, athletic curves, and enhanced aerodynamic performance.
  • Spacious and kitted out: The smart #3 offers a generous rear space thanks to its longer wheelbase, a panoramic halo roof, and an AI-integrated infotainment system with a 12.8″ central display and ambient lighting options for a personalised driving experience.
  • Thrilling performance: Experience impressive acceleration, with the Pro+ variant going from 0 to 100 km/h in 5.8 seconds and the BRABUS version achieving the same in just 3.7 seconds.
  • Extended range: Enjoy a range of 415km to 435km (WLTP Combined) and fast charging capabilities for convenient electric driving.
  • Advanced safety and driver assist: The smart #3 was awarded 5 stars in the Euro NCAP tests, and comes with smart Pilot Assist, offering 18 intelligent assisted driving features for enhanced safety in urban environments.

Ms. Mandy Zhang, Global CMO of smart, stated: “The official launch of #3 constitutes another momentous milestone for smart in Singapore. With its sporty design and thrilling driving performance, the #3, along with #1, will meet the diverse needs of customers and enrich the significance of the modern urban lifestyle. Moving forward, we will continue to cooperate with Cycle & Carriage to fulfil our commitment of providing unique and exciting brand and product experiences to Singaporean customers.”

Catch smart at the Cars Expo

Interested customers can also experience the smart #1 and smart #3 firsthand at the Cars Expo, happening at Singapore Expo Halls 3 and 4 on 5-6 October.

Visit the smart booth at D4 to explore these smart EV models and snag smart deals with great value savings for both smart #1 and #3 exclusively during the Cars Expo weekend.
Hashtag: #smart





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

About Smart Automobile

Smart Automobile Co., Ltd. is a 50/50 joint venture between Mercedes-Benz AG and Zhejiang Geely Holding Group. The joint venture creates synergy to turn smart into a leading provider of premium and connected electric vehicles.

Established in 2019, Smart Automobile Co., Ltd. combines the strengths of both shareholders by bringing in the best of both worlds: the design of next generation of smart vehicles comes from the worldwide Mercedes-Benz design network while R&D is carried out by smart in China. Moreover, smart leverages on the China-based production and supply network of Geely Group. The global headquarters of smart has been established in Hangzhou Bay, Ningbo with operational sales functions based in China and Europe.

KOKU Japanese Restaurant Hosts Exclusive Curated Dinner with Stars of “Duyung Legenda Aurora”


LANGKAWI, MALAYSIA – Media OutReach Newswire – 4 October 2024 – In a dazzling celebration of culinary and cinematic artistry, KOKU Japanese Restaurant hosted an exclusive curated dinner event last week, bringing together the stars of the much-anticipated film “Duyung Legenda Aurora” – sequel to the hit film “Duyung” from 2008, and a select group of guests. This unique event, held at Langkawi’s premier fine dining Japanese restaurant, was specially planned by KOKU’s owner, Dato’ Sri Shaheen Shah, to celebrate the start of filming.

From Left to Right: KOKU’s owner, Dato’ Sri Shaheen Shah, ⁠Anna Joblings, Maya Karin and Yasmin Hani Ismail Richardson.
From Left to Right: KOKU’s owner, Dato’ Sri Shaheen Shah, ⁠Anna Joblings, Maya Karin and Yasmin Hani Ismail Richardson.

The evening was a perfect blend of gourmet delights and cinematic charm, augmented by mermaid magic and the taste of the sea. Guests were treated to a specially curated “Duyung Legenda Aurora” menu, featuring Salmon Belly Carpaccio, Zuwaikani Chawan Mushi, and Aki Shake Teriyaki with Kinoko amongst others. The event underscored KOKU’s commitment to offering an unparalleled dining experience, seamlessly merging traditional Japanese flavours with contemporary culinary techniques.

“We are thrilled to host this exclusive dinner in honour of ‘Duyung Legenda Aurora’,” said Dato’ Sri Shaheen Shah. “This event is a celebration of creativity and passion, both in the kitchen and on the screen. It is a privilege to bring together such talented individuals and offer our guests a taste of what makes KOKU truly special. KOKU is in The RIYAZ Lavanya Langkawi, which serves as a filming location. Other RIYAZ properties include dash Resort Langkawi, dash Beach Club, and the latest restaurant Peria, in Bukit Jelutong.

The stars readily shared their excitement about the film and the unique dining experience. Ana Jobling, who plays Aurora, expressed her delight: “KOKU’s menu is a culinary journey that mirrors the enchanting story of our film. Every dish tonight was a work of art, and it’s been an absolute pleasure to be part of this wonderful evening.”

Saiful Apek, who stars as resort owner Jimmy, added, “Dining at KOKU is an experience like no other. The flavours, the presentation and the ambiance are all top-notch. It’s the perfect setting to celebrate the magic of ‘Duyung Legenda Aurora’.”

The event created a buzz of excitement, setting the stage for what promises to be a captivating film. Also present at the event were cast and key crew members including Ayie Floor 88, Maya Karin, Yasmin Hani, Kumpulan Zero, Aniq Aqil, Aidilia Hilda, Yassin Senario and Dato Prof Ts. Dr A. Razak Mohaideen.

The curated dinner at KOKU not only showcased the restaurant’s culinary prowess but also created a memorable platform for the stars and production team to connect with each other in a convivial social setting. The 110-minute film started shooting from 13 September 2024 and is scheduled to be completed a month later, on 13 October, with more than 70% of the scenes shot on the legendary island of Langkawi.

‘Duyung Legenda Aurora’ is expected to be released nationwide in the third quarter of 2025.

For more information about KOKU Japanese Restaurant and future events, please follow us on Facebook and Instagram @koku.langkawi and YouTube, X and Tiktok @kokulangkawi.

Hashtag: #KOKUJapaneseRestaurant

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

About KOKU Japanese Restaurant

Located in the heart of Langkawi, KOKU Japanese Restaurant offers an exclusive fine dining experience with a menu that celebrates the rich traditions of Japanese cuisine. With a commitment to quality and innovation, KOKU stands out as the premier destination for gourmet dining in Langkawi.

AIA Singapore boosts mental health support and enhances corporate insurance benefits for over 1.3 million employees

With over half (59%) of Singaporean consumers expressing a need or potential need for additional resources and support for mental wellness[1], AIA Singapore aims to bridge this gap with their upcoming policy enhancements.

SINGAPORE – Media OutReach Newswire – 4 October 2024 – AIA Singapore, the leading insurer in employee benefits, today announced substantial enhancements to its corporate insurance policies starting in 2025. This includes a first-in-market expanded inpatient coverage for mental health care and other enhanced benefits to provide more accessible and inclusive support for its corporate customers, at no additional premiums.

Designed to address the evolving needs of employees today, these improvements are poised to benefit approximately one-third of Singapore’s workforce, demonstrating AIA Singapore’s commitment to providing comprehensive employee benefits solutions.
Critically, over half (59%) of Singapore consumers believe that they need or might need more resources or support for mental wellness, identifying affordability (66%), accessibility (53%), and presence of workplace initiatives (51%)[1] as essential resources and support required. This is especially worrying as nearly 1 in 2 (44%) Singaporeans experience mental health struggles[2].

Businesses also face considerable repercussions from poor employee mental health, with productivity losses reaching up to 40% among those struggling with mental health issues[3]. As the leading provider of employee benefits, AIA Singapore’s corporate insurance policy enhancements are set to make a substantial positive difference for more than 1.3 million employees they insure[4].
“Today, achieving holistic wellness means going beyond physical fitness and taking care of both physical and mental wellbeing. With full-time employees in Singapore averaging over 40 hours per week at work[5], employers hold a crucial responsibility in supporting their employees’ mental health. Recognising this, AIA Singapore is dedicated to partnering businesses by offering comprehensive and flexible benefits that prioritise their employees’ well-being,” said Kenneth Tan, Chief Corporate Solutions Officer at AIA Singapore.
More inclusive and accessible health benefits for employees and their loved ones
In 2025, corporate employees insured by AIA Singapore will receive enhanced support for their mental wellness under the Group Hospital & Surgical Insurance (GHS). Setting a new standard for employee mental health coverage, AIA Singapore will be the first in market to expand inpatient plans to automatically include inpatient mental care. This ensures that the actual costs of inpatient mental health treatments will be fully covered, up to the plan’s maximum limit.
This enhancement makes quality mental health care more accessible and convenient, empowering individuals to seek timely support for their mental wellness. Additionally, by treating mental health with the same importance as any other health condition, AIA Singapore aims to reduce the stigma surrounding mental health — which 6 in 10 (58%) of of Singapore consumers feel that there is stigma towards mental health[6].
With no changes to the premiums, other key corporate policy enhancements to be introduced from January 2025 onwards are targeted at improving holistic well-being, including:

  • Treatment for in-patient mental care on ‘as charged’ basis;
  • Increasing age limit for senior workers;
  • Introducing mobile inpatient care at home as an alternative inpatient care delivery model;
  • Enhance Accident & Emergency outpatient coverage to Singapore Government Hospitals on ‘as charged’ basis;
  • Expanding paediatric care direct access, without referral letters from age 7 to 12.
In addition, as part of AIA Singapore’s efforts to equip employees with the tools to Plan Well[7] for their long-term health needs, employees are now able to manage their future care preferences with WhiteCoat’s Plan Ahead Services (PAS).

This simplifies the usually complex and taxing process of obtaining necessary legal documents, such as a Lasting Power of Attorney (LPA) and Advance Medical Directive (AMD), providing a guided step-by-step approach. This complimentary service makes planning for future care more accessible, empowering employees to take proactive steps to alleviate future burdens on themselves and their families.
Continuing to pave the way in championing holistic wellness and mental health support
AIA Singapore continues to lead the way in making quality mental health support more accessible. As the first insurer in Singapore to offer mental health coverage with the launch of AIA Beyond Critical Care[8] plan in 2019, AIA Singapore’s upcoming corporate insurance policies enhancements align with the Singapore governments’ decision to include mental wellness in its national agenda[9]. This alignment comes at a time when more initiatives to address mental health issues[10] in Singapore are being implemented.

As a champion partner of the WorkWell Leaders Programme[11], AIA Singapore stands at the forefront of an action-oriented network of leaders dedicated to prioritising workplace mental health and well-being as a strategic priority and a key item on the board agenda, beyond merely being a human resource responsibility. AIA Singapore is continuously innovating new and inclusive solutions to ensure that the policies enacted provide comprehensive support for mental health, encompassing both outpatient and inpatient programs.
Another solution is the WorkWell with AIA programme, which encompasses four pillars of well-being: Think Well, Feel Well, Live Well, and Plan Well, ensuring holistic wellness. Launched in 2023, AIA’s Think Well[12] initiative is a complimentary service available to all AIA corporate policyholders in Singapore. Through an exclusive partnership with WhiteCoat, this program offers comprehensive digital mental healthcare solutions as part of AIA’s corporate outpatient plans. AIA corporate policyholders can access mental health services conveniently via text, video, or in-person consultations, enhancing their overall well-being.

Seamlessly integrated into the AIA eBenefits app for user convenience, AIA’s Think Well WhiteCoat services, such as unlimited text chats with psychologist and daily self-assessment tools, are designed to help employees manage their mental health symptoms on a day-to-day basis, preventing more serious problems from taking room and promoting early long-term mental wellbeing. These services are seeing an upward trend in utilisation, highlighted by a five time increase of adopted users utilising these services, with a 64.6% rise in text-based mental wellness sessions from 2023 to 2024, according to WhiteCoat’s Think Well Quarterly Insights Report[13].
“As the evolving needs of Singapore’s workforce and enterprises continue to surface, AIA Singapore is steadfast in transcending traditional insurance offerings by delivering accessible and holistic support aimed at safeguarding physical, social, mental and financial well-being. These forthcoming corporate insurance policy enhancements underscore AIA Singapore’s unwavering commitment to crafting flexible, insight-driven solutions that partners employees on their journey to live Healthier, Longer, Better Lives,” added Mr. Tan.
For more information on the corporate insurance policy enhancements, please reach out to your respective sales intermediaries or AIA representative.

[1] AIA Live Better Study 2024 was independently conducted by research company NielsenIQ (NIQ) with 500 Singapore consumers each quarter (latest survey period was from 22 May to 6 June 2024), from aged 18 to 55+, commissioned by AIA Singapore.

[2] #BetterTogether: An Initiative To Raise Awareness And Drive Collective Action For Mental Health In Singapore (April 30, 2022). PAP Singapore. Available at: https://www.pap.org.sg/news/bettertogether-an-initiative-to-raise-awareness-and-drive-collective-action-for-mental-health-in-singapore/

[3] Duke-NUS, IMH: Cost of anxiety and depression in Singapore runs into the billions. Duke NUS. Available at: https://www.duke-nus.edu.sg/newshub/media-releases/cost-of-anxiety-and-depression-in-sg-runs-into-the-billions

[4] AIA Corporate Solutions. AIA Singapore. Available at: https://www.aia.com.sg/en/our-products/employee-benefits

[5] Summary Table: Hours Worked. Ministry of Manpower. Available at: https://stats.mom.gov.sg/Pages/Hours-Worked-Summary-Table.aspx

[6] AIA Live Better Study 2024 was independently conducted by research company NielsenIQ (NIQ) with 500 Singapore consumers each quarter (latest survey period was from 22 May to 6 June 2024), from aged 18 to 55+, commissioned by AIA Singapore.

[7] Plan Well is one of the four pillars of WorkWell with AIA, alongside Think Well, Feel Well, and Live Well. More information about WorkWell may be found at: https://www.aia.com.sg/en/our-products/employee-benefits/workwell

[8] More information on AIA Beyond Critical Care plan may be found at: https://www.aia.com.sg/en/our-products/health/critical-illness/aia-beyond-critical-care

[9] Mental health a national priority, says DPM Wong; 28,000 more to be trained to help in community’ (February 15, 2024) The Straits Times. Available at: https://www.straitstimes.com/singapore/politics/mental-health-a-national-priority-says-dpm-wong-28000-more-to-be-trained-to-help-in-community

[10] ‘PAP to set up climate action, mental health groups to address issues that ‘cut across’ demographics: PM Wong’ (June 8, 2024) CNA. Available at: https://www.channelnewsasia.com/singapore/peoples-action-party-refreshpap-pm-lawrence-wong-4396251

[11] WorkWell Leaders Membership. Available at: https://www.workwellleaders.org/membership/

[12] More information may be found at: https://www.aia.com.sg/en/about-aia/media-centre/press-releases/2023/aia-singapore-whitecoat-launch-think-well-the-regions-first-insurer-backed-digital-mental-health-solution

[13] WhiteCoat’s Think Well Quarterly Insights Report is a report offering metrics and analysis on Think Well services and its users, examining data up to Q2 2024. The statistics cited in this release compare data from Q1 2023 and Q1 2024.
Hashtag: #AIASingapore #HolisticWellness #Holistic #MentalHealth #MentalWellness #FinancialWellness #PhysicalWellness #SpiritualWellness #SocialWellness




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

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[1], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR[2], and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.
The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$289 billion as of 30 June 2024.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 42 million individual policies and 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

[1] Hong Kong SAR refers to the Hong Kong Special Administrative Region.

[2] Macau SAR refers to the Macau Special Administrative Region.