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Kenanga Investors Awarded Best Malaysia Large-Cap Equity Fund at Morningstar Awards


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 May 2025 – Kenanga Investors Berhad (“Kenanga Investors”) has been awarded Best Malaysia Large-Cap Equity Fund at the Morningstar Awards 2025, recognising the strong performance of the Kenanga Blue Chip Fund (“KBCF”). This achievement marks a significant milestone for the firm, as KBCF celebrates its third win at this prestigious award and continues to deliver consistent results across varying market conditions.

From left: Christopher Kok, Head of Equities; Liong Chee How, Senior Portfolio Manager; Julianna Lim, Sales Director, South East Asia, Morningstar Research Pte Limited; Lee Sook Yee, Chief Investment Officer.
From left: Christopher Kok, Head of Equities; Liong Chee How, Senior Portfolio Manager; Julianna Lim, Sales Director, South East Asia, Morningstar Research Pte Limited; Lee Sook Yee, Chief Investment Officer.

Datuk Wira Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer of Kenanga Investors, said, “We are honoured to receive this recognition from Morningstar, one of the most trusted names in investment research. Awards like these reaffirm the value of our investing approach and the importance of staying true to our philosophy.”

The KBCF is guided by a bottom-up investment strategy. It aims to achieve long-term capital growth by investing in companies with relatively larger market capitalisation, with a clear focus on what represents fair value for their expected earnings potential.

Lee Sook Yee, Chief Investment Officer of Kenanga Investors, shared, “KBCF’s performance reflects the strength of our research-driven process. The team works closely to identify the right opportunities, backed by data and an understanding of market dynamics. In Malaysia, domestic growth outlook continues to be strongly driven by an investment upcycle in infrastructure and property. With that in mind, we intend to focus on stock picking for 2025. We maintain a favourable view on sectors such as financials, construction, property, new energy, utilities and healthcare. Ultimately, we believe staying nimble and responsive will allow us to navigate both uncertainty and opportunity.”

“Our focus is always on creating long-term value for our investors through performance, transparency, and sound governance,” added Datuk Wira De Alwis. “We are grateful for the continued trust our clients and investors place in us, as well as for the dedication of our team.”

The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2024. The awards methodology emphasises the one-year period, but funds must also have delivered strong three-year returns after adjusting for risk within the award peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

The Award is the latest addition to Kenanga Investors’ recent string of recognitions from the likes of LSEG Lipper Fund Awards 2025 and Asia Asset Management’s 2025 Best of the Best Awards. The firm aims to continue building upon its track record through a robust investment process and a clear, long-term vision that helps clients navigate markets with confidence.

For more information about Kenanga Investors, please visit www.kenangainvestors.com.my.

Hashtag: #Kenanga

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

Kenanga Investors Berhad 199501024358 (353563-P)

We provide investment solutions ranging from collective investment schemes, portfolio management services, alternative investments, as well as wills and trusts for retail, corporate, institutional, and high net worth clients via a multi-distribution network.

The Morningstar Award 2025 has recognised the Kenanga Blue Chip Fund as Best Malaysia Large-Cap Equity Fund.

At the LSEG Lipper Fund Awards Malaysia 2025, KIB received awards for the Kenanga DividendExtra Fund (“KDEF”) under the Best Equity Malaysia Diversified – Malaysia Funds over 3 years , Kenanga Malaysian Inc Fund (“KMIF”) under the Best Equity Malaysia Diversified – Malaysia Provident Funds over 10 years, Kenanga Balanced Fund (“KBF”) under the Best Mixed Asset MYR Balanced – Malaysia Provident Funds over 10 years, Kenanga Managed Growth Fund (“KMGF”) under Best Mixed Asset MYR Flexible – Malaysia Provident Funds over 10 years, and Kenanga SyariahEXTRA Fund (“KSEF”) under the Best Mixed Asset MYR Balanced – Malaysia Islamic Funds Awards over 10 years.

The Hong Kong-based Asia Asset Management’s 2025 Best of the Best Awards awarded KIG under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year (Co-Winner), Malaysia CIO of the Year, Malaysia Best House for Alternatives, Malaysia Best ESG Engagement Initiative, Malaysia Fund Launch of the Year, and Malaysia Best Retail Asset Management Company.

The FSMOne Recommended Unit Trusts Awards 2024/2025 has awarded the Kenanga Growth Fund Series 2 with the “Sector Equity – Malaysia Focused” award for the third consecutive year since 2022. We were also recognised at The BrandLaureate BestBrands Awards 2024 – Brand of the Year under the category Wealth Management & Investment Solutions. For the eighth consecutive year, KIB was affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on KIB reflects the fund management company’s well-established investment processes and sound risk management practices.

This Press Release was issued by Kenanga Group’s Marketing, Communications & Sustainability department.

Introducing the Global Communication Tagline “HORO YOUR LIFE”

Takara standard launches full-scale global branding efforts to enhance brand awareness

OSAKA, Japan, May 5, 2025 /PRNewswire/ — Takara standard Co., Ltd. (Headquarters: Joto-ku, Osaka City, Japan; President: Masaru Komori), a leading manufacturer of residential equipment such as system kitchens and bathrooms, has announced the launch of its global communication tagline, “HORO YOUR LIFE,” aimed at strengthening its brand presence in overseas markets. In line with this initiative, the company launched official social media accounts on RED (Xiaohongshu) in Mainland China and Facebook in Taiwan region on April 21, 2025.

Since initiating full-scale overseas operations in 2015, Takara standard has steadily increased sales by leveraging its unique, high-quality enamel-coated steel, known as Takara Horo. With a mid-term goal of achieving JPY 10 billion in overseas sales by fiscal year 2030, the company is steadily expanding its local sales support systems and operational infrastructure.

New Global Communication Tagline: “HORO YOUR LIFE”
To reinforce its position as the only manufacturer of home fixtures made with Takara’s proprietary enamel technology, the company will promote the brand name Takara HORO globally. The tagline “HORO YOUR LIFE” expresses the company’s vision to enrich and enhance lives around the world through its enamel-coated steel products. Future campaigns will highlight the material’s signature features—easy maintenance, durability, and functionality—paired with clean, modern visuals of pristine white enamel kitchens.

Official Social Media Accounts Launched in Mainland China and Taiwan region
Takara standard has launched an official account on RED (Xiaohongshu), a Chinese social platform with over 300 million monthly active users. As word-of-mouth content on RED significantly influences purchasing decisions, the platform serves as an ideal touchpoint to engage Mainland Chinese consumers in their everyday lives. In Taiwan region, the company launched an official Facebook account, given the platform’s continued popularity and broad user base.

Content will be tailored to each region and will include product care tips, new product announcements, and event information. Through these efforts, the company aims to reach 10,000 followers and build a strong base of loyal fans across the region.

As part of its Mid-Term Management Plan 2026, Takara standard has identified global expansion as a key strategy in transforming its revenue structure. In April 2025, the company will also establish its first overseas branch in Taiwan region. With a strong focus on Asia, one of the most promising markets for future growth, Takara standard will continue to strengthen its international operations, aiming to achieve JPY10 billion in overseas sales by 2030.

Appendix

Takara standard’s HORO material:

“HORO” is a material that combines the strength of iron with the beauty of glass. Takara standard developed this proprietary HORO material, which overcomes the breakage of glass, over many years. Takara standard’s “High-Quality HORO” showcases the robustness of iron, providing resilience against impacts, while the glass layer acts as a barrier against dirt and moisture. The durability of the enamel surface makes it distinctly different from ordinary enamel pots or other materials.

Until recently, HORO’s surface had a glossy look, however, new products combine enamel with a matt finish. This means Takara can provide a variety of surface design products.

  • 10 points that demonstrate the strength of Takara standard’s HORO:
  1. Can quickly wipe up water, easy to clean
  2. Resistant to moisture and mold
  3. Conveniently magnetic and can be used as a family message board
  4. Very shock and crack resistant
  5. Thanks to the ink jet printing tech, it is available in a wide range of colors and designs
  6. The material allows permanent maker pen to be wiped off with water, meaning family can leave temporary messages
  7. Scratch resistant
  8. Heat resistant, giving peace of mind
  9. Environmentally friendly (easily recyclable material; no adhesive used in assembly)
  10. Odor resistant

 

FOREX.com lands in Singapore, reflecting a new era in retail and self-directed CFD trading

SINGAPORE, May 5, 2025 /PRNewswire/ — StoneX Group Inc. (NASDAQ: SNEX) (“StoneX”) today announced the launch of FOREX.com in Singapore, providing retail and self-directed traders access to its award-winning CFD trading platform. FOREX.com is the trading name in Singapore for StoneX Financial Pte. Ltd., which is regulated by the Monetary Authority of Singapore.

FOREX.com was first launched in 2001 in the United States, to educate and support retail FX traders, and has since expanded to serve CFD traders across Europe, the Middle East and Asia Pacific. The holding company behind FOREX.com was acquired in 2020 by StoneX, a Fortune 100 company, whose 4,600+ employees serve 54,000+ commercial, institutional and payments clients, along with 400,000+ retail accounts, from over 80 offices across six continents.

FOREX.com maintains the StoneX mission of delivering transparent, price competitive, and customer-first solutions. Its comprehensive trading and risk management tools, robust educational resources, and on-the-ground customer service are now available in Singapore.

“This launch marks a strategic milestone in empowering Singapore’s retail traders to access thousands of global CFD markets across top FX pairs, indices, shares, gold, silver and commodities,” remarked Andy Hudson, Head of Retail – Singapore.

Hudson added “FOREX.com supports its users from education through to execution, and empowers retail customers to trade with confidence. That confidence is supported by a full suite of user-first platforms, fast execution, tight spreads and transparent pricing.”

Greg Kallinikos, CEO, APAC, elaborated “Since 2006, StoneX has supported its customers across APAC from our Singapore headquarters. We are proud to expand this servicing further by having FOREX.com launch in Singapore and help us connect even more clients to markets. FOREX.com customers in Singapore stand to benefit from dedicated support operating 24 hours a day, five days a week in facilitating their trading needs.”

About FOREX.com:
Established in the United States back in 2001, FOREX.com is an award-winning trading platform[†]with over 1 million traders worldwide[‡]. FOREX.com is the trading name in Singapore for StoneX Financial Pte. Ltd. It operates across the US, UK, Europe and Asia, and provides retail traders with a suite of educational and trading platforms, access to thousands of global CFD markets, and reliable trade execution. In 2020, the holding company of FOREX.com (Gain Capital Inc.) was acquired by StoneX Group Inc.

‘Best in Class’ for ‘Mobile Trading App’ and ‘Platforms & Tools’ – ForexBrokers.com Annual Awards 2025.
  Based on demo and active live trading accounts globally since 2023.

About StoneX Group Inc.
StoneX Group Inc. connects clients to the global financial markets via a full suite of services including institutional-grade platforms, end-to-end clearing and execution, post-trade settlement, market intelligence and local expertise.

A Fortune-100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its 4,600+ employees serve 54,000+ commercial, institutional, and payments clients, and 400,000+ retail accounts, from 80+ offices spread across six continents.

As a regulated and publicly traded company, StoneX Group Inc. is subject to stringent corporate governance, financial reporting and disclosure requirements. Our commitment to integrity, transparency, and trust is integral to building deeply valued, long-term relationships with our clients.

More information is available at www.stonex.com

Synpulse announces appointment of Jieke Pan as CTO to supercharge technology house Synpulse8

SINGAPORE, May 5, 2025 /PRNewswire/ — Synpulse, a leading consultancy for the financial services industry, today announces the appointment of Jieke Pan as its Chief Technology Officer (CTO). Jieke Pan is a passionate technology leader with over 20 years of experience in digital transformation, product innovation, and engineering excellence.

Synpulse Appoints Jieke Pan as Chief Technology Officer
Synpulse Appoints Jieke Pan as Chief Technology Officer

Jieke is an accomplished CTO, recognised for fostering hyper-collaborative, excellence-driven engineering cultures within the financial sector. Over the past decade, he has held the position of CTO for Hexaware’s digital and software division for EMEA / APAC, as well as serving as CTO Advisor and Enterprise Architect for prominent clients in financial services, banking, and insurance.

The appointment of Jieke Pan as CTO follows the successful launch of Synpulse8, the consulting’s technology house, in 2022. Notable achievements include the deployment of the Synpulse8 Wealth Cockpit at a bank in Thailand, the introduction of the OpenWealth API Standard at LGT and the launch of the reinsurance underwriting workbench for MS Reinsurance. Synpulse8 is dedicated to creating seamless digital experiences tailored for the financial services industry.

“I am excited to join Synpulse8 and lead it into the future. Together, we will bring PULSE8 to new heights, leveraging AI capabilities to meet the evolving needs of the financial services industry,” expressed Jieke Pan.

Jieke will lead Synpulse8’s global engineering team in delivering customised solutions, pioneering products, and managed platform services in close collaboration with clients and partners. In his role at Synpulse, he will be in charge of the firm’s global technology offerings. His focus will be on evolving PULSE8 into a robust solution platform that drives innovation and accelerates progress across the financial services landscape worldwide. PULSE8 is an orchestration platform that seamlessly integrates with legacy systems, efficiently extracting and unifying data to create a tailored environment. PULSE8 will be further empowered with AI capabilities, addressing the pressing need for advanced technological solutions within the financial industry.

“Jieke Pan’s appointment as CTO marks a significant milestone for Synpulse8. His extensive experience in digital transformation and engineering excellence will be instrumental in driving our solutions forward,” said Salomon Wettstein, Managing Partner at Synpulse and Co-CEO of Synpulse8. “With Jieke at the helm, we are poised to enhance our technology offerings and foster a culture of collaboration that will elevate our services in the financial sector,” added Raphael Bianchi, Senior Partner at Synpulse and Co-CEO of Synpulse8.

-END-

About Synpulse  

Synpulse is a global professional services company and a valued partner of leading players in the financial services and related industries. We optimise the proximity to our clients and deep domain expertise to create sustainable value using technology as a business driver. Leveraging our strong network of over 100 ecosystem partners, we accompany our clients throughout their transformation journey – from strategy and development to implementation and management. With our tech powerhouse, Synpulse8, we collaborate with our clients to co-create digital experiences with innovative technologies and proprietary methods. Synpulse is powered by the passion and commitment of its more than 1000 employees from 21 offices who come from over 30 countries.

More information: www.synpulse.com

 

Revolutionary test for male infertility can be a game changer for couples striving to conceive

SINGAPORE, May 5, 2025 /PRNewswire/ — A simple, but revolutionary test has been developed to help unravel the mystery of infertility among men who display normal semen parameters.

Infertility affects an estimated one in every six couples worldwide with male factor prevalent in about half of those cases.

For many of those men who have seemingly otherwise healthy sperm the anguish of their condition is deepened by the perplexity of an underlying reproductive dysfunction called CatSper-related male infertility.

In these cases, there are defects in the chemosensory CatSper channels of sperm that allows them to move in a whip-like fashion essential to penetrate the coating of a female egg. If penetration fails, fertilisation is not possible.

There are many case histories in fertility treatment of couples where conventional IVF and intrauterine insemination (IUI) has failed, but where single sperm injection of an egg – known as intracytoplasmic sperm injection, or ICSI – has resulted in a pregnancy.

The 2025 Congress of the Asia Pacific Initiative on Reproduction (ASPIRE) in Singapore today heard of a breakthrough diagnostic test for CatSper-related male infertility that has delivered remarkable validation results.

Dr Samuel Young, a pathfinding researcher in the Centre of Reproductive Medicine and Andrology at the University Hospital Münster in Germany, said a desire to better understand the role of CatSper in male fertility led to the development of the test as a novel diagnostic tool.

“Sperm generate a powerful swimming behaviour known as hyperactivation. CatSper, a specific calcium channel found exclusively in the tail of sperm, controls this swimming behaviour.

“If CatSper is defective, sperm cannot hyperactivate and the egg remains unfertilised. The man is therefore infertile.

“The CatSper test is a simple procedure with a standard semen analysis. It quickly and reliably determines whether a CatSper defect is present, enabling evidence-based therapy choices for couples with unexplained infertility.

“We used it to screen 2,386 patients as a proof-of-concept study. It showed exceptional sensitivity and specificity of the test with precise assessment of CatSper function.

“It has transformed the CatSper test from a scientific possibility into a diagnostic device for everyday clinical practice.

“For the first time it allows diagnosis of CatSper defect in male infertility potentially preventing couples from embarking on unsuccessful medically assisted reproduction attempts such as IUI and IVF.

“This has the potential to save patient expense and possible adverse effects of hormonal stimulation in IVF for the female partners.

“The time factor of going through cycles of IVF is also an important consideration for couples striving to conceive, especially when almost every day counts among women in their thirties and forties when fertility is in decline.

“The CatSper test can guide clinicians toward more personalised, evidence-based treatment approaches, including ICSI.”

The ASPIRE Congress in Singapore has attracted around 2,000 scientists, clinicians, nurses and counsellors in fertility health to address latest global advances in assisted reproduction.

For more information, go to www.aspire2025.com

Interview: Dr Samuel Young is available for interview.

137th Canton Fair Casts a Wider Net for Fishing Supplies Manufacturers

GUANGZHOU, China, May 5, 2025 /PRNewswire/ — In an era where niche hobbies are rapidly entering the mainstream, industries once viewed as traditional are undergoing swift and significant transformation. Fishing, long associated with leisurely outings by older generations, has evolved into a vibrant, technology-driven sector. This shift is prompting more manufacturers to expand beyond specialized professional fishing circles and appeal to a broader consumer base. For many, the China Import and Export Fair (Canton Fair) has become the gateway to reaching new markets and global buyers.

At the Sports, Travel, and Recreation Products section of the 137th Canton Fair, held on May 1-5, 2025, buyers discovered far more than just conventional gear. The offerings ranged from basic fishing rods across price tiers to advanced electronic floats and specialized equipment designed for emerging categories like deep-sea and ice fishing. The message was clear: modern angling is about precision, innovation, and delivering a refined outdoor experience.

Taizhou Source One International Co., Ltd. exemplifies this evolution. The company showcased a series of ice fishing products, including electric ice augers capable of drilling clean holes in seconds, even in harsh sub-zero environments. This innovation boosts both efficiency and safety, making ice fishing more accessible to enthusiasts of all levels. “Our ice fishing line is already popular in the U.S., Canada, and Russia,” said Stella Wang, Sales Manager at Source One. “Now, we’re looking to enter the Northern European market, and the Canton Fair is a platform for such opportunities.”

Fujian Doofar Outdoor Sporting Goods Co., Ltd., a manufacturer of yachts and water sports equipment, is also riding the wave of the fishing boom. Its focus this year is on fishing kayaks, featuring two models at the Fair: a durable hard-shell kayak and an inflatable pedal-powered version. Both offer simplified steering and seating systems, ensuring an effortless user experience. “Fishing should be about enjoyment, not complexity,” said Sales Manager Daniel Shen. “While our primary markets are the U.S. and Australia, the Canton Fair allows us to connect with broader customer bases and high-profile buyers, helping us tap into new regions.”

Guangdong Boatman Electronics Co., Ltd, made its Canton Fair debut this session. The company traditionally focused on the European market and usually participated in specialized fishing trade shows. Looking to expand into Belt and Road Initiative countries, Boatman uses the Fair to reach distributors in emerging regions. Its featured products, a series of bait boats, demonstrated the Fair’s effectiveness in spotlighting niche innovations. On just the first day, the product attracted dozens of buyers and generated sample requests from customers in Germany, Australia, and Mauritius.

As niche products gain traction globally, the Canton Fair has proven itself to be a powerful platform for manufacturers looking to scale beyond traditional boundaries. By connecting brands with a wide spectrum of international buyers, the Fair helps emerging segments, like advanced fishing gear, find new buyers, enter new markets, and navigate the evolving landscape of global consumer demand.


 

AVPN is introducing 49 organisations who will train APAC workers on AI as part of the USD15 million AI Opportunity Fund: Asia Pacific

  • AVPN’s landscape report, AI for All: Building an AI-Ready Workforce in Asia-Pacific, reveals the opportunities for AI across the region with an inclusive AI Just Transition
  • Trends uncovered include how young workers are future-proofing their careers with AI, a wide AI skilling awareness gap, and an MSME mismatch in the region.
  • Building on this momentum, the Fund is expanding with an additional USD 10 million from Google.org to further AI skilling initiatives and introduce a dedicated track for MSMEs in the Southeast Asia region

SINGAPORE, May 5, 2025 /PRNewswire/ — AVPN, the largest network of social investors in Asia, today announced the recipients for funding from the AI Opportunity Fund: Asia Pacific, a USD 15-million initiative supported by Google.org and the Asian Development Bank (ADB). The organisations are receiving support to address the unique challenges faced by workers in the AI work era, providing access and opportunities from the evolving job market. The 49 organisations will receive financial support and expert guidance through the initiative, serving as a unique “ecosystem multiplier lever” of the three-year program as part of the “Train the Trainer” component of AVPN’s initiative, while leveraging their deep-rooted expertise in workforce development to train various groups of workers across Asia Pacific.

The newly-released landscape report by AVPN, AI for All: Building an AI-Ready Workforce in Asia-Pacific, underscores the need for this initiative and the opportunities that come with improving AI skills across the region:

  • AI Skilling Awareness Gap: Out of the 3,000 respondents surveyed, only 15% have engaged in AI skilling programmes, while more than half (57%) remain unaware that these resources even exist.
  • The AI Advantage: Young workers are embracing AI as a means to future-proof their careers in an AI driven future, with 1 in 5 younger workers engaged in AI skilling programmes. Meanwhile, mature workers (aged 50-65) were 1.6 times more likely to indicate concerns about AI trustworthiness and language barriers, indicating the importance of local language outreach and general awareness-building about AI.
  • The MSME Mismatch: 96% of Asia-Pacific’s companies are Micro, Small, and Medium Enterprises (MSMEs), yet many struggle with AI skill development due to systemic barriers such as limited training accessibility, lack of access to digital infrastructure, and constrained financial resources—limiting their ability to adopt AI effectively and remain competitive in an AI-driven economy.

As the world shifts towards an AI-driven future, with the potential to create 97 million new jobs, certain roles are likely to evolve in response to automation. The initiative’s aim is to ensure workers in Asia Pacific are prepared to benefit from these opportunities.

To address this gap in Asia-Pacific’s AI work transition, selected organisations will be trained by AVPN’s strategic partners, including organisations such as Seoul National University, KORIKA, AI Singapore, AI Education (Vietnam), and Wadhwani AI. Following which, selected organisations will then directly reach and train various groups of workers, including migrant workers, informal workers, women and gender minorities, and persons with disabilities. The full list of the organisations is available here. Amongst the organisations receiving funding are:

  • JAIS (India), which works with rural women solopreneurs (often MSMEs) to enable business growth by equipping them with the right digital skills.
  • BAOBAB Inc. (Japan), which works with refugees and individuals with disabilities, including their caregivers, who all face unique barriers in accessing workforce development opportunities in AI.
  • TagTeam (Singapore), which reaches Singapore’s migrant domestic workers and construction workers, equipping them with AI skills in preparation for new employment opportunities when they return to their home countries.

Naina Subberwal Batra, CEO of AVPN, said: “There is a pressing need to bridge critical skills gaps in communities with unmet needs across Asia Pacific. Our funded organisations are at the heart of this important component of the AI Work Transition, and they bring expertise and a profound commitment to addressing the unique challenges faced by these communities. Through their innovative approaches and dedication to reach and include those who may be otherwise left behind, the AI Opportunity Fund initiative will pave the way for inclusive growth, ensuring that all segments of society can participate in and benefit from technological advancements, fostering a more equitable future for all.

Sanjay Gupta, President, Asia-Pacific, Google, said: “AI has the potential to transform economies and unlock new opportunities, but its benefits must be accessible to everyone. That’s why Google is proud to support the AI Opportunity Fund: Asia-Pacific initiative, which is equipping workers across the region  with the skills and tools they need to thrive in an AI-powered future. This initiative ensures that more people can participate in—and benefit from—the growing AI economy. We remain committed to helping build a workforce that is ready to harness AI’s full potential for a more equitable future.”

Antonio Zaballos, Director, Digital Sector Office, ADB, said: “Bridging the digital divide requires more than skills training—it demands strong digital infrastructure, affordable connectivity, and inclusive access to AI-driven opportunities. As AI reshapes industries, communities with unmet needs across Asia and the Pacific must have the tools to participate in and benefit from this transformation. ADB is committed to amplifying initiatives like the AI Opportunity Fund initiative to ensure that AI-powered growth is both inclusive and sustainable.”

In response to the strong interest in skill development for AI, Google.org is providing an additional USD 10 million to AVPN to further AI skilling initiatives this year. This expansion, in collaboration with ASEAN Foundation, will introduce a dedicated track focused on supporting MSMEs in Southeast Asia—a crucial segment for regional economic growth—alongside continued efforts to empower workers across Asia-Pacific. Together with the initial USD 15 million funding from Google.org, AVPN’s initiative aims to support training for 720,000 workers across Asia Pacific and 100,000 MSMEs across the Southeast Asia region.

About AVPN

AVPN is the largest network of social investors in Asia, comprising over 600 funders and resource providers across 33 markets. Our mission is to increase the flow and effectiveness of financial, human, and intellectual capital in Asia by enabling members to channel resources towards impact. As an ecosystem builder, AVPN enables its members to connect, learn, act, and lead across key pillars and improve the effectiveness of deployed capital, bringing local field needs, regional expertise, and policy insights to the forefront. For more information about AVPN and our work, please visit our website and read our latest Annual Review 2023/24.

About Google.org

Google.org, Google’s philanthropy, brings the best of Google to help solve some of humanity’s biggest challenges combining funding, product donations and technical expertise to support underserved communities and provide opportunity for everyone. We engage nonprofits, social enterprises and civic entities who make a significant impact on the communities they serve, and whose work has the potential to produce scalable, meaningful change.

Celebrate Family with Roborock: Special Gmarket Deals on Washer-Dryers This May

SEOUL, South Korea, May 5, 2025 /PRNewswire/ — May is a time to celebrate love and appreciation in Korea, with Children’s Day (May 5) and Parents’ Day (May 8) reminding us to cherish family. To honor the spirit of the season, Roborock is launching a limited-time promotion on Gmarket, offering its most advanced washer-dryers at special prices from May 7 to 13—thoughtfully designed to care for delicate fabrics and the people you love most.

Ahead of the promotion, from May 1 to 7, Roborock will launch a consumer survey, with 10,000 Naver Points awarded to participants. Customers who purchase on Gmarket on May 7 will receive an additional 20,000 Naver points as a thank-you reward.

At the heart of Roborock’s innovation is the Zeo-cycle™ moderate-temperature drying technology, a breakthrough that gently protects delicate fabrics—from babywear to silks—while preserving shape, softness, and color. Paired with TÜV-certified hygiene programs that eliminate allergens, bacteria, and mites, every cycle is designed to deliver deep cleanliness and peace of mind for families of all ages.

Promotion Period: May 7 – May 13, 2025 

  • H1 (Premium) ₩1,699,000 → ₩1,499,000

Roborock’s top-tier model features the world’s first Zeo-cycle™ moderate-temperature drying, the RR Seafarer™ algorithm, and a full touchscreen panel for an intuitive, modern experience. It’s designed for users who expect precise care, advanced tech, and seamless laundry control.

  • H1 Lite (Standard) ₩1,399,000₩1,149,000

This standard all-in-one model delivers Zeo-cycle™ moderate-temperature drying and intelligent wash-dry features with a streamlined interface. It provides reliable, fabric-friendly performance for everyday laundry, making it a practical choice for households seeking smart care and strong value.

  • M1 (Compact) ₩749,000₩499,000

Designed for small loads and compact spaces, M1 features 20+ fabric-specific programs, TÜV-certified hygiene care, self-cleaning, and smart dosing. Perfect as a second washer for babywear, undergarments, or allergy-sensitive clothing.

Designed for Family. Built for Comfort. 

From delicate children’s clothes to your parents’ everyday essentials, Roborock washer-dryers deliver smarter, safer, and more hygienic care with every cycle. Honored with the 2025 iF Design Award and CES Innovation Award, Roborock is redefining how technology supports home life.

Make this May a celebration of care—choose Roborock and bring comfort home. Available on Gmarket from May 7 to 13.