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Laos, Thailand Expand Energy Cooperation as Power Trade Grows

Nam Theun 2 hydroelectric dam in Laos. (Photo: Asian Development Bank)

Laos and Thailand discussed expanding energy cooperation during talks in Bangkok on 1 May between Lao and Thai energy officials.

Lao Minister of Industry and Commerce Malaithong Kommasith and Thai Energy Minister Akanat Promphan described the energy sector as a key driver of economic ties between the two countries, particularly as regional demand for electricity and fuel continues to rise.

According to Lao officials, Laos exported more than USD 2.34 billion worth of electricity to Thailand in 2025, while Thailand exported between USD 1.5 billion and USD 1.8 billion in fuel products to Laos.

Thailand remains Laos’ largest electricity buyer, with hydropower exports forming a major part of Laos’ economy. Laos has long promoted itself as the “Battery of Southeast Asia,” exporting electricity to neighboring countries including Thailand, Vietnam, Cambodia, and China.

Thai investment in Laos’ energy sector also continues to expand. Officials said Thai investors are currently involved in six power projects under construction with a combined installed capacity of 3,613.2 megawatts, alongside 16 operational projects generating 7,688.9 megawatts.

Combined investment across the projects exceeds USD 14.7 billion.

The discussions also covered long-term energy security and regional electricity integration, including cross-border power trade under ASEAN energy connectivity plans. Thailand has increasingly relied on electricity imports from Laos as it seeks to diversify energy sources and manage domestic electricity costs linked to volatile global fuel prices.

At the conclusion of the meeting, Malaithong invited the Thai energy minister to make an official visit to Laos for further discussions on future cooperation in the energy sector.

Sino Group Broadcast International Football Tournament for Fourth Straight Edition Over HK$8M Invested to Launch ‘Sino Malls Goal Together’ Campaign

  • Screening 104 Matches across 3 Major Malls, with over 40% Morning Kick-offs and Dedicated Family Zones to Encourage Cross-Generational Football Viewing
  • Olympian City “Classic x New”, tmtplaza “Football King Challenge”, Citywalk “Baby Football Mania”
  • More than 50 Activities to be held, with Double-Digit Growth Expected in Football and Sports-Related Retail Sales

HONG KONG SAR – Media OutReach Newswire – 6 May 2026 – The highly anticipated quadrennial major football event will kick off in mid-June, igniting excitement among fans citywide. Committed to supporting international sporting events, Sino Group announces that its shopping malls will be screening the tournament in full for the fourth consecutive edition. The Group will invest over HK$8 million in promotional spending. Its three flagship malls — Olympian City, tmtplaza and Citywalk — will broadcast all 104 matches live in high definition on giant LED screens, offering the public an immersive stadium-like experience and uniting fans across Hong Kong in celebration of global football fever.

Sino Group Broadcast International Football Tournament for Fourth Straight Edition Over HK$8M Invested to Launch ‘Sino Malls Goal Together’ Campaign
Sino Group Broadcast International Football Tournament for Fourth Straight Edition Over HK$8M Invested to Launch ‘Sino Malls Goal Together’ Campaign

Ms. Bella Chhoa, Chief Commercial Officer of Sino Group, remarked: “Sino Group has long been dedicated to promoting local sports development and major international sporting events. This year, over 40% of the matches will kick off in the morning Hong Kong time, creating a unique ‘morning sports economy’. Beyond core football fans, the early kick‑offs are ideal for families, allowing parents, children and even three generations to enjoy breakfast together while watching matches. A dedicated family viewing zone and morning match viewing parties will be introduced at Olympian City to encourage football culture across generations. In total, over 50 football‑themed activities will be organised across the malls, catering to toddlers, families, hardcore fans and e‑sports enthusiasts alike, seeking to unite the city and share the excitement. In addition, nearly 100 merchants will roll out special promotions in phases across dining, sportswear and electronics categories and more.” She added that the Group expects the football frenzy to significantly boost local consumption, with double‑digit year‑on‑year growth anticipated in both mall footfall and sales performance of sports‑related retailers.

To enhance the viewing experience, matches will be broadcast on the 430‑inch and 540‑inch giant LED screens at Olympian City and tmtplaza respectively, with Citywalk also offering simultaneous HD live broadcasts, bringing fans from across the city together to cheer on their favourite teams.

Olympian City: “Classic x New” Football Fun for All Generations

Yapp Hung Fai Appears with Three Generations of Family | Classic “Watermelon Ball” Meets the New Football Challenges

As the main broadcasting hub, Olympian City will screen all 104 matches in full and, in view of the strong appeal of morning fixtures, will set up a dedicated Family Zone with family seating and cheering props for all 44 morning matches, bringing families together to jointly experience a world‑class sporting spectacle. 3 special morning match viewing parties will offer breakfast menus including Chinese dim sum, Hong Kong-style pineapple buns and Western fast food, allowing fans to enjoy breakfast while cheering for their favourite teams.

Under the theme of “Classic x New”, Olympian City welcomes the Hong Kong Footballer of the Year, Yapp Hung Fai, who will attend with his father and four‑year‑old son to share stories of football heritage across generations, alongside a series of interactive highlights including a 3.5-metre-tall classic “Watermelon Ball” photo spot, retro arcade football game on a 430-inch LED screen, traditional tabletop football, innovative under-table football and a 2-on-2 mini match featuring age-grouped competitions, allowing children and adults alike to experience the joy of football from multiple perspectives.

tmtplaza: Clear 10 Rounds to Win Up To HK$40,000 in cash vouchers at “Football King Challenge”

tmtplaza will partner with PlayStation to present the highlight weekend event “Football King Challenge”, featuring PlayStation®5 EA SPORTS FC™ 26 gameplay in a classic knockout format. Participants who clear 10 consecutive rounds can win HK$10,000 S Coupons, with no quota limit. The top 16 finalists will advance to the grand finale to compete for the Football King title and HK$30,000 worth of S Coupons, also a chance to challenge well‑known KOLs onsite. A dedicated PS5 football gaming experience zone will be open to the public, allowing e-sports players and football fans alike to showcase their skills in the virtual arena.

Beyond e‑sports, the mall actively promotes youth sports development. In collaboration with local football academy LBRO, football experience sessions and regular interest classes for children aged 3 to 10 will be held from May at tmtp commons, led by professional coaches to nurture interest, teamwork and perseverance.

Additionally, the mall atrium will transform into a giant football field, featuring 11 international football stars reimagined by local designers as 2‑metre‑tall Q‑style inflatable “Football Stars” for photo‑taking.

Citywalk: Kick-Off for All Ages – From Babies to Seniors

In addition to live match broadcasts, Citywalk will roll out a series of football‑themed activities designed to engage participants of all ages, launching with “Baby Football Mania”, which features football‑inspired crawling and obstacle courses for babies, alongside “Senior Football Adventures”, offering football fitness exercises tailored for elderly participants. The programme will be rounded out by the “Goddess of Goals Challenge”, a pop‑up interactive game inviting shoppers of different generations to join in, ensuring that children, families and seniors alike can share in the excitement of the football spectacle together.

More exciting programmes will be announced soon. Stay tuned for more.
Hashtag: #SinoGroup #OlympianCity #tmtplaza #Citywalk

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

Minnesota Moves to Recognise Lao War Veterans Amid Ongoing Refugee Deportations

Lao National Unexploded Ordnance Programme
UXO destroyed in routine operation (Photo: Lao National Unexploded Ordnance Programme)

Lawmakers in Minnesota have unanimously passed new legislation to expand recognition and benefits for Hmong and Lao veterans who fought in the Secret War in Laos, a covert conflict linked to the Vietnam War.

The state House approved the bill with all 132 votes, building on a 2025 law that established the official “Veteran of the Secret War in Laos” designation. The new measure creates a formal application process, allowing eligible veterans to access state-level benefits.

The bill is not yet enacted and remains pending further action in the Minnesota Senate.

Approved applicants would receive official certification along with expanded benefits, including veteran designation on identification cards, funeral honors, grave markers, burial privileges at state veterans cemeteries, and employment preference.

The bill allocates USD 200,000 for implementation in fiscal year 2027.

The vote comes amid renewed attention on Lao refugee communities in Minnesota following recent enforcement actions by U.S. Immigration and Customs Enforcement.

Earlier this week, state officials issued an emergency pardon to Lao refugee Ricky Chandee, a case that could affect the legal basis for his deportation proceedings.

Deportations, Diaspora Pressures

The legislation also comes against the backdrop of ongoing deportations of Lao nationals from the United States. In the past year, U.S. authorities have continued to carry out removals to Laos.

Estimates from social media deportee groups and regional reporting suggest that thousands of deportees have been returned to Laos over the past year, often after long periods of residence in the United States.

To date, more than 4,800 Lao nationals in the United States have final orders of removal, though actual deportations remain lower due to diplomatic and documentation constraints, typically occurring in smaller, periodic transfers.

These cases have drawn renewed attention in Minnesota, home to one of the largest Hmong and Lao communities in the United States, where community groups and local officials have raised concerns over deportations involving long-settled refugees and permanent residents.

The bill also arrives as the legacy of the Secret War, including veteran recognition and immigration cases involving Lao refugees, continues to receive attention in the state.

War Veterans

During the Secret War (1960s–1970s), the Central Intelligence Agency recruited tens of thousands of Hmong and Lao fighters under the Special Guerrilla Unit program as part of covert operations linked to the Vietnam War. At its peak, the force is estimated to have included more than 30,000 Hmong troops.

The conflict also coincided with extensive U.S. bombing campaigns across Laos between 1964 and 1973. Despite their role during the war, many of these fighters were not formally integrated into the U.S. military, leaving them ineligible for federal veteran status after the conflict ended.

Supporters of the Minnesota legislation say the measure would provide a clearer pathway for recognition at the state level decades later.

Korea International Trade Association and Korea Development Bank to Host Asia’s Largest Startup Fair, “NextRise 2026, Seoul”

SEOUL, South Korea, May 5, 2026 /PRNewswire/ — The Korea International Trade Association (KITA) and the Korea Development Bank (KDB) will co-host NextRise 2026, Seoul, Asia’s largest startup fair, at COEX in Seoul on June 18–19, 2026. Now in its eighth edition, the event is expected to draw over 530 startups and more than 270 global corporations and investors for two days of business collaboration, investment consultation, and open innovation under the theme “Shape the Next.”

Rows of startup booths stretch across the exhibition floor at COEX, Seoul, during NextRise — one of Asia's largest open innovation events.
Rows of startup booths stretch across the exhibition floor at COEX, Seoul, during NextRise — one of Asia’s largest open innovation events.

This year’s NextRise is set to be the largest in the event’s history. Exhibition booths will feature startups and 23 global companies and institutions spanning AI, biotechnology, and other advanced industries. More than 150 large and mid-sized corporations, including LG Group, Hyundai Motor, SK Telecom, Korean Air, and Renault, along with over 120 venture capital firms will participate in the event’s signature 1:1 Business Meetup program, with more than 3,800 individual meetings scheduled for partnership and investment discussions.

Special exhibition zones will be expanded this year to spotlight global startups and leading international corporations, with particular emphasis on France, this year’s Guest of Honor country. French companies including Renault and L’Oréal are among the confirmed participants, reflecting the event’s growing role as a bridge between the Korean startup ecosystem and international markets.

The event will also feature keynote speeches and panel discussions by industry experts, an Open Innovation Concert, a Startup and Employment Concert to broaden entrepreneurship across the venture ecosystem, and a startup recruitment meetup connecting early-stage companies with young AI developers. Through the NextRise Awards program, standout startups will be selected for dedicated support in their global expansion efforts.

NextRise has grown steadily since its launch in 2019. At last year’s event, 205 startups secured tangible business outcomes, and 104 of them raised a combined KRW 500 billion in investment. Participants from 28 countries, including Guest of Honor Germany, attended the 2025 edition.

“With the largest-ever lineup of Korean conglomerates and venture capital firms participating this year, NextRise will serve as a gateway for startups from around the world looking to enter the Asian market,” said Hee-Chul Jung, Executive Managing Director, Global Marketing Group. “We hope this event becomes a forum where the key players of the global innovation ecosystem come together in Korea to explore opportunities for collaboration and growth.”

The full list of participating corporations and investors is now available on the official NextRise website at www.nextrise.co.kr/en. Startups may apply for participation through the website until May 11, 2026.

About NextRise

NextRise is Korea’s flagship startup fair, jointly organized by KITA and KDB since 2019 to support the growth and globalization of Korea’s startup ecosystem. The event is co-hosted by the Korea Venture Business Association and the Korea Venture Capital Association.

About KITA

The Korea International Trade Association (KITA) is Korea’s leading trade promotion organization, representing more than 80,000 member companies and supporting their global expansion.

XstraStar Launches Full-Funnel GEO Optimization Service to Help Brands Win AI Search Visibility

SINGAPORE, May 6, 2026 /PRNewswire/ — XstraStar has launched a full-funnel Generative Engine Optimization (GEO) solution designed to help brands build measurable visibility across AI search platforms including Doubao, DeepSeek, ChatGPT, and Perplexity. As AI search adoption accelerates globally, the company positions GEO as a practical alternative to traditional SEO—focused on making brands both discoverable and recommendable throughout the AI-driven buyer journey.

Why GEO, Why Now

Search behavior is rapidly shifting toward AI platforms. By mid-2025, AI search tools had reached an estimated 685 million monthly active users worldwide, while traditional search market share continued to decline. Brands relying solely on SEO face a shrinking channel, as AI platforms increasingly serve as the primary interface for product discovery and purchase decisions.

A Structured Approach to AI Visibility

XstraStar’s methodology is built around “meta-semantic optimization,” transforming brand information into structured, authoritative content that AI systems are more likely to retrieve and cite. The workflow includes four stages: semantic profiling, technical content optimization, multi-channel distribution, and continuous performance monitoring.

The company also provides a proprietary analytics platform that tracks five key metrics—mention rate, average AI ranking, sentiment, competitive positioning, and recommendation likelihood—updated daily across major AI platforms. These metrics are combined into a unified scoring system, enabling brands to benchmark performance and track progress over time.

Early Client Results

XstraStar reports clients achieving AI mention rates rising from zero to between 50–70% within three to five months, along with multi-fold increases in organic search impressions and clicks. Clients served include tech companies expanding internationally across SaaS, productivity tools, and research applications.

XstraStar operates teams across Asia and Singapore, and states it is among the first providers to commit to full-funnel KPIs spanning AI exposure through to user registration and conversion.

Ready to elevate your brand’s visibility in AI search and outpace competitors? Partner with XstraStar, the full-stack GEO provider trusted by global leaders—visit https://xstrastar today to start your AI-driven growth journey and secure measurable results across every stage of the buyer funnel.

About XstraStar

XstraStar is a GEO-focused technology services company with offices across Asia-Pacific. Founded to help brands navigate the shift from traditional search to AI-driven discovery, the company delivers measurable visibility across major AI search platforms globally, covering the full funnel from AI-platform impressions through to traffic, lead generation, and conversion.

Former Visa Asia Pacific Executive David Tay Joins YeahPay as Global Vice President

SINGAPORE, May 6, 2026 /PRNewswire/ — YeahPay, the international payment brand under YEAHKA (9923.HK), has appointed David Tay, a former senior executive at Visa Asia Pacific, as Global Vice President, tasking him with overseeing the strategic direction and product ecosystem development of YEAHKA’s overseas payment business. The appointment comes as global digital trade enters a new phase defined by ecosystem integration, with payment infrastructure undergoing a generational shift in acceleration.

David Tay, a Singaporean national, is a rising leader in the payments industry. During his career at Visa, David played a key role in driving business growth across multiple Southeast Asian markets, demonstrating early promise in commercial insight and innovation. He subsequently moved into Visa’s Innovation division, where he rose to serve as Head of Innovation, leading Visa Pacific’s product innovation and new business.

In that capacity, David led the commercialization of cutting-edge payment paradigms including Visa Flex Credential and Pay by Palm. He was also involved in the evaluation and governance of strategic partners across the region, accumulating deep expertise in collaborating with banks, fintechs, and large-scale enterprise merchants.

David’s track record spans the full go-to-market lifecycle, from concept to pilot to scale, as well as deep capabilities in cross-institutional partnerships and ecosystem development. His appointment comes at an inflection point for YEAHKA’s international expansion. According to YEAHKA’s 2025 annual report, its overseas business delivered full-year Gross Payment Volume (GPV) surpassing RMB 5 billion, representing a 323.3% year-on-year surge from RMB 1.1 billion in 2024.

Alebund Pharmaceuticals Announces Completion of Patient Enrollment in Global Phase III Pivotal Multi-Regional Clinical Trial of AP301 for Hyperphosphatemia

SHANGHAI, May 6, 2026 /PRNewswire/ — Alebund Pharmaceuticals (Jiangsu) Limited (“Alebund” or the “Company”), an integrated biopharmaceutical company focusing on developing innovative therapies for the treatment of renal diseases and related chronic conditions, today announced the completion of patient enrollment in the global Phase III pivotal multi-regional clinical trial (RESPOND-2, Study AP301-HP-03) of AP301, a novel fiber-iron-based phosphate binder, for the treatment of hyperphosphatemia. The trial was conducted in the United States and China, led by Dr. Geoffrey A. Block of U.S. Renal Care, with Professor Xiaoqiang Ding, Director of the Department of Nephrology, Zhongshan Hospital, Fudan University serving as the China principal investigator, and enrolled a total of 282 chronic kidney disease (“CKD”) patients on maintenance dialysis with hyperphosphatemia — 138 in the U.S. and 144 in China.

As a next-generation fiber-iron-based phosphate binder, AP301 is designed to have a higher phosphate-binding capability, favorable gastrointestinal tolerability, minimal risk of iron overload, and no requirement for chewing before swallowing, with the potential to improve treatment adherence and effectively control hyperphosphatemia.

Trial Design

RESPOND-2 is a double-blind, randomized, multi-regional Phase III clinical trial conducted in the U.S. and China. The study planned to enroll 264 CKD patients aged 12 years and above on maintenance dialysis with hyperphosphatemia, with 282 patients actually enrolled. The study comprises three treatment phases: an 8-week double-blind dose titration phase (AP301 versus AP301 ineffective low dose, 2:1 randomization), a 24-week open-label treatment phase, and a 3-week double-blind randomized withdrawal phase (AP301 maintenance dose versus AP301 ineffective low dose, 1:1 re-randomization). The primary endpoint is the change in serum phosphate levels from baseline to the end of the dose titration phase (AP301 versus AP301 ineffective low dose). The key secondary endpoint is the change in serum phosphate level from the end of the open-label treatment phase to the end of the randomized withdrawal phase (AP301 maintenance dose versus AP301 ineffective low dose).

Based on existing clinical data for AP301, the Company reached an agreement with the FDA that this global Phase III multi-regional clinical trial will serve as the single pivotal study to support U.S. registration of AP301.

Unmet Medical Need

Hyperphosphatemia is one of the most common complications in CKD patients, affecting approximately 95% of dialysis-dependent CKD patients and approximately 15% of non-dialysis CKD patients. According to KDIGO (Kidney Disease: Improving Global Outcomes) guidelines, hyperphosphatemia is defined as a serum phosphate level exceeding 4.5 mg/dL (1.45 mmol/L), with the target serum phosphate range for dialysis patients being 3.5–5.5 mg/dL (1.13–1.78 mmol/L) [1]. Chronically elevated serum phosphate is a central driver of CKD-mineral and bone disorder (CKD-MBD), leading to serious complications including vascular calcification, secondary hyperparathyroidism, and renal osteodystrophy, and is an independent risk factor for cardiovascular events and all-cause mortality in dialysis patients [2].

For CKD patients on dialysis, regular dialysis alone is insufficient to clear the accumulated phosphorus in the body, and the effect of dietary phosphorus restriction is limited. Oral phosphate binders remain the primary treatment for hyperphosphatemia. However, existing phosphate binders are commonly associated with gastrointestinal side effects, high pill burden, and systemic absorption in some agents, resulting in poor patient compliance and inadequate treatment duration. According to the Dialysis Outcomes and Practice Patterns Study (DOPPS) data, approximately 76% of dialysis patients in China, 52% in the U.S., and 39% in Japan fail to achieve target serum phosphate levels [3]. Data from the China Dialysis Calcification Study (CDCS) further showed that the serum phosphate us target attainment rate among Chinese dialysis patients within the 3.5–5.5 mg/dL range was only 40.1% [4].

Data from the Completed AP301 China Pivotal Phase III Clinical Trial

AP301 demonstrated robust and clinically meaningful efficacy in the completed China pivotal Phase III clinical trial (RESPOND-1, Study AP301-HP-02) [5]. The study was led by Professor Li Zuo, Director of the Department of Nephrology at Peking University People’s Hospital, and randomized 474 participants across 50 investigational sites in China.

At Week 12, AP301 was non-inferior to sevelamer carbonate, a phosphate binder widely used in clinical practice, in reducing serum phosphate levels (reductions from baseline of -0.72 mmol/L [-2.22 mg/dL]  vs. -0.70 mmol/L [-2.17 mg/dL]), respectively; the upper bound of the 95% confidence interval (CI) for the between-group difference (0.06 mmol/L [0.20 mg/dL]) was below the pre-defined non-inferiority margin of 0.19 mmol/L (0.59 mg/dL), demonstrating that AP301 met the pre-specified non-inferiority criterion versus sevelamer carbonate. At Week 27, participants receiving the AP301 maintenance dose achieved clinically and statistically superior serum phosphate control compared with the ineffective low dose group, with a between-group difference of -0.58 mmol/L (-1.8 mg/dL) (P<0.001). At the end of Week 52, the AP301 group showed a greater mean reduction in serum phosphate level from baseline than the sevelamer carbonate group (-0.76 mmol/L vs. -0.72 mmol/L), a higher serum phosphate target attainment rate (66.7% vs. 58.6%), and a lower daily dose (AP301 6.52 g/day vs. sevelamer carbonate 7.56 g/day). AP301 achieved robust and sustained serum phosphate reduction, suggesting its long-term therapeutic benefit.

Overall, AP301 was safe and well-tolerated. The most common adverse events were discolored feces and diarrhea. Diarrhea typically occurred within the first 2 to 4 weeks of treatment, was predominantly mild in severity, resolved without treatment modification, and rarely led to treatment discontinuation (0.6%). In the 52-week Phase III treatment period, no safety findings related to iron accumulation were observed.

Based on the results of AP301 China pivotal phase III clinical trial and other accumulated clinical data, Alebund has obtained alignment with NMPA and plans to submit a New Drug Application (NDA) in China in the near future.

Jin Tian, M.D., Co-founder and Chief Medical Officer of Alebund Pharmaceuticals, commented: “The on-time completion of patient enrollment in AP301’s global Phase III pivotal multi-regional clinical trial reflects Alebund’s ability to advance high-quality global clinical development, which is an important milestone in the global registrational development of AP301.”

References

[1] KDIGO 2017 Clinical Practice Guideline Update for the Diagnosis, Evaluation, Prevention, and Treatment of Chronic Kidney Disease-Mineral and Bone Disorder (CKD-MBD). Kidney Int Suppl. 2017;7(1):1-59.

[2] Block GA, Klassen PS, Lazarus JM, et al. Mineral metabolism, mortality, and morbidity in maintenance hemodialysis. J Am Soc Nephrol. 2004;15(8):2208-2218.

[3] Tentori F, Blayney MJ, Albert JM, et al. Mortality risk for dialysis patients with different levels of serum calcium, phosphorus, and PTH: the Dialysis Outcomes and Practice Patterns Study (DOPPS). Am J Kidney Dis. 2008;52(3):519-530.

[4] Liu Z-H, Yu X-Q, Yang J-W, et al. Prevalence and risk factors for vascular calcification in Chinese patients receiving dialysis: baseline results from a prospective cohort study. Curr Med Res Opin. 2018;34(8):1491-1500. doi:10.1080/03007995.2018.1467886.

[5] Zuo L, et al. 52-Week Phase 3 Study to Evaluate the Efficacy and Safety of a Novel Iron-Based phosphate Binder AP301 in Patients on Dialysis with Hyperphosphatemia. J Am Soc Nephrol. 2025;36(Abstract Suppl):TH-PO1200. Presented at ASN Kidney Week 2025, Houston, TX, November 6, 2025.

About Hyperphosphatemia

Hyperphosphatemia is one of the most common complications in CKD patients. The long-term elevated serum phosphate levels could cause multiple complications such as secondary hyperparathyroidism, renal osteodystrophy, and vascular calcification. It is an independent risk factor of cardiovascular events and all-cause mortalities. Good control of serum phosphate levels could effectively improve the patients’ outcome. For CKD patients undergoing dialysis treatment, regular dialysis is not sufficient to remove the excess serum phosphate in the body. Considering the limitations of low-phosphate diet which might cause dystrophia, oral use of phosphate binders is the prevailing treatment for hyperphosphatemia. However, existing phosphate binders lead to low patient compliance, with less than 50% of patients achieving good phosphate control, due to gastrointestinal side effects and high pill burden, etc.

According to the Global and Chinese Hyperphosphatemia Drug Industry Blue Book by China Insights Consultancy in 2023, the out-of-target rate of serum phosphate level in dialysis patients in Chinese mainland was significantly higher than that in other countries and regions. There remains substantial room for improvement in terms of the proportion of patients using phosphate binders and duration of their usage. According to CIC, by 2035, the market size of serum phosphorus-lowering products in China is expected to reach RMB 10 billion while the global market size is forecasted to reach USD 6 billion.

About Alebund Pharmaceuticals

Alebund was founded in Shanghai in 2018. The Company focuses on the discovery, development, manufacturing, and commercialization of novel therapies primarily for kidney diseases and their complications, as well as other chronic conditions, to bring better therapeutic options to patients in China and globally. Alebund has built a diversified and balanced pipeline of seven drug candidates and one commercialized product (Mircera®) targeting a broad range of renal indications, including chronic kidney disease (CKD) and CKD complications, such as hyperphosphatemia, renal anemia, IgA nephropathy, diabetic kidney disease, focal segmental glomerulosclerosis (FSGS), and autosomal dominant polycystic kidney disease (ADPKD). Alebund has completed the construction of its manufacturing site in Yangzhou that will supply both drug substance and drug products of our product candidates, including AP301, upon commercial launch. Alebund has also established a dedicated in-house commercialization team in China responsible for promoting our renal products.

CONTACT: IR@alebund.com

Moody’s upgrades HDBank’s outlook to “Positive,” paving the way for potential credit rating upgrade


HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 6 May 2026 – Global credit rating agency Moody’s Ratings has announced the results of its periodic review of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank; HOSE: HDB), affirming the Bank’s local- and foreign-currency long-term deposit and issuer ratings at B1, while upgrading its outlook from “Stable” to “Positive.”

A transaction office of HDBank in HCM City.
A transaction office of HDBank in HCM City.

This revision reflects HDBank’s solid financial foundation and resilient operating capacity.

According to Moody’s, the change in HDBank’s rating outlook is driven by expectations that the Bank’s planned capital increase and strong profitability will strengthen its overall loss-absorbing buffers against risks associated with rapid loan growth.

At its 2026 Annual General Meeting of Shareholders last month, HDBank approved a plan to raise its equity from VND78.3 trillion (US$3 billion) at the end of 2025 to VND110.1 trillion ($4.2 billion), an increase of 41%.

Moody’s noted that an upgrade to the bank’s ratings and Baseline Credit Assessment could follow if HDBank successfully executes its capital-raising plan. This would be a positive signal of international recognition for the Bank’s sustainable growth strategy and robust risk management capabilities.

The improved outlook is expected to enhance HDBank’s standing in international financial markets, supporting expanded partnerships, improved access to capital, and a stronger competitive position.

Previously, in May 2025, Moody’s Ratings upgraded HDBank’s counterparty risk rating and counterparty risk assessment to the top level among Vietnamese commercial banks.

In Q1, 2026, HDBank reported pre-tax profit of VND6.1 trillion ($231.6 million), up 14% year-on-year. Return on equity remained high at 24.29%, among the top in the industry. The capital adequacy ratio under Basel II rose to 16.16% from 14.32% a year earlier, among the highest in the market.

As of March 31, 2026, HDBank’s total assets stood at VND984.2 trillion ($37.4 billion), up 5.7% from the end of the previous year. Total outstanding loans rose 8% to VND635.1 trillion ($24.1 billion), while total mobilised funds exceeded VND880 trillion ($33.4 billion), up 5.9%, with customer deposits surpassing VND725 trillion ($27.5 billion), an increase of 11.9%.

The loan-to-deposit ratio maintained below 70%, while key liquidity indicators, including the liquidity coverage ratio and net stable funding ratio, stayed above 100%, exceeding Basel III requirements.

Hashtag: #HDBank #HDB

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