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Bitcoin is now a ‘safe-haven coin’ of the crypto market, Octa broker says


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 May 2025 – According to Coinbase’s April 2025 Monthly Outlook, the total crypto market capitalisation (excluding Bitcoin) has fallen by 41% from $1.6 trillion in December 2024 to $950 billion in early April 2025. This was the sharpest decline in over two years, pulling valuations below levels seen throughout most of the 2021–2022 cycle. However, the sell-off was far from uniform. While Bitcoin has shed less than 20% at the beginning of April, altcoins have experienced a 41% wipeout, underscoring a distinct capital flight towards more established digital assets.

Octa Broker

Most recently, Bitcoin has managed to recover and even set a new all-time high, surpassing the critical $110,000 mark on 21 May. At the same time, other crypto majors—notably, Ethereum and XRP—continue to trade substantially below their recent peaks (see the chart below). As capital retreated from riskier altcoins, investor sentiment has soured, prompting Coinbase to warn of an emerging ‘crypto winter’ scenario. Global broker Octa, active in digital asset transactions, sees this as a decisive phase of risk reallocation, with traders seeking clarity before any meaningful return to risk.

Major crypto coins’ performance in 2025

Source: Octa Broker
Source: Octa Broker

Several stress points are converging:

  • Venture capital (VC) funding, though up from Q4 2024, remains 50–60% below 2021–22 levels.
  • Liquidity conditions are tightening, particularly for smaller projects.
  • Macro headwinds—including rising global tariffs and macroeconomic uncertainty—have paralysed risk appetite.

More speculative corners of the market, such as tokens used for Decentralized Physical Infrastructure Networks (DePINs), memecoins and coins used for Artificial Intelligence (AI) agents, have been hardest hit. Their underperformance highlights growing investor caution.

Kar Yong Ang, a financial market analyst at Octa broker, explains: ‘As of right now, the market clearly sees more value in Bitcoin vs the rest of the crypto universe. The global macroeconomic situation is highly unstable, with tariffs drama still unfolding and rising protectionism potentially threatening the U.S. dollar’s reserve currency status. As a result, investors’ capital has migrated from high-risk crypto space like alt-coins into relatively low-risk Bitcoin. In fact, Bitcoin has become a sort of “safe-haven coin” of the crypto market’.

Indeed, broader financial markets have become increasingly concerned about the deteriorating U.S. twin deficits (fiscal and trade), both of which are on an unsustainable trajectory. The yields on the U.S. 20-year government bonds rose above 5.15% on 22 May, almost a two-year high, while the U.S. Dollar Index (DXY) dropped below the critical 100 mark, reflecting eroding confidence in the USD’s safe-haven status. Furthermore, ratings agency Moody’s downgraded the U.S. sovereign rating, one notch down from ‘Aaa’ to ‘Aa1’ due to concerns about the nation’s growing debt. Concurrently, most cryptocurrencies continue to act as high-beta proxies for global sentiment, and in today’s global macroeconomic environment, that sensitivity is proving to be a significant headwind. Tariff disputes between the U.S. and China, macroeconomic uncertainty, and declining equity market performance are all contributing to a reduction in overall risk appetite, thereby negatively impacting most cryptocurrencies. However, Bitcoin appears to be a major exception in this regard.

Kar Yong Ang explains: ‘At first, the BTC rally appeared to be highly speculative: the market had positively reacted to Trump’s softer stance towards the Federal Reserve (Fed) Chairman and U.S.-China trade deal. Later, however, Bitcoin became the only major crypto coin to set a new all-time high. It suggests a continuing flight to perceived safety within the crypto universe, while alt-coin flows remain diminished’.

Still, the ongoing macroeconomic uncertainty and potential failure of the U.S. to resolve its trade tensions with China and the European Union (EU) could act as an immediate catalyst, potentially triggering a renewed bearish phase for Bitcoin. Just recently, U.S. President Donald Trump’s threat to impose 50% tariffs on the EU triggered a classical risk-off move—a sell-off in BTCUSD and a rally in XAUUSD.

Traders and long-term investors should keep a close eye on:

  • the total market cap, excluding BTC
  • fluctuations in VC funding
  • headlines impacting regulatory frameworks in the U.S., EU, and Southeast Asia
  • any news related to the ongoing trade disputes and the possibility of trade negotiations.

Tactical patience will be essential this summer. Rushing in to buy Bitcoin now may be unwise, but carefully buying the dips is more reasonable. Key levels to watch are 105,000, 98,000, 94,000, 89,000, and 84,000.

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Disclaimer: This content is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to engage in any investment activity. It does not take into account your investment objectives, financial situation, or individual needs. Any action you take based on this content is at your sole discretion and risk. Octa and its affiliates accept no liability for any losses or consequences resulting from reliance on this material.
Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision. Past performance is not a reliable indicator of future results.
Availability of products and services may vary by jurisdiction. Please ensure compliance with your local laws before accessing them.
Hashtag: #Octa

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

Octa

is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.

In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Plug and Play Expands to Cambodia in Partnership with Ministry of Post and Telecommunication (MPTC) and AUPP Technology Center (ATC)

SINGAPORE, May 28, 2025 /PRNewswire/ — The Cambodian Ministry of Post and Telecommunications (MPTC) is a founding anchor partner for open innovation platform Plug and Play’s new location in Phnom Penh, with the American University of Phnom Penh Technology Center (ATC) serving as an advisory member. The Plug and Play Cambodia Program aims to position Cambodia as a global hub for entrepreneurship and innovation whose reach extends beyond Asia-Pacific.

“This collaboration marks a significant step forward in strengthening Cambodia’s position as a center for digital innovation and entrepreneurship. By partnering with Plug and Play and ATC, we are fostering a dynamic ecosystem where startups can thrive, access critical resources, and scale globally. Through this initiative, we reaffirm our commitment to supporting technology-driven growth, attracting investment, and empowering Cambodian innovators to make a lasting impact in the region and beyond,” says MPTC Secretary of State H.E. So Visothy.

Plug and Play intends to expand its Cambodian network by engaging corporations and organizations through deal flows and industry events. Focusing on five key sectors—Financial Services, Education, Travel & Hospitality, Food & Agriculture, and Logistics, the Plug and Play Cambodia Program’s objective is to expand Cambodia’s startup ecosystem by accelerating the growth of high-potential startups, supporting their commercialization, and enabling international expansion. Additionally, it will offer investment services to develop Cambodia’s venture capital asset class. Plug and Play’s Open Innovation Services will further empower corporations by building their innovation capabilities and facilitating mutually beneficial collaborations with startups.

Plug and Play, a Silicon Valley-based global open innovation platform, has an established presence in Asia Pacific through its Singapore headquarters, connecting corporates, startups, and venture capitalists within its vast ecosystem.

“We are excited to launch Plug and Play Cambodia, a milestone that reflects our commitment to fostering innovation across Southeast Asia. Cambodia’s rapidly evolving startup ecosystem and growing pool of entrepreneurial talent make it a promising hub for global innovation,” says Jupe Tan, Managing Partner of Plug and Play APAC. “Through this platform, we aim to connect local startups with our international network of corporate partners, investors, and mentors to help them scale and succeed on a global stage.”

To engage early-stage startups, the Plug and Play Cambodia Program plans to collaborate with the ATC, the university’s dedicated startup platform. By onboarding startups from ATC’s incubator, the Plug and Play Cambodia Program will build on ATC’s existing initiatives through organizing events, programs, and training sessions.

“At ATC, we are committed to nurturing the next generation of innovators and entrepreneurs. Partnering with Plug and Play and MPTC allows us to provide startups with greater access to mentorship, funding, and global market opportunities. This collaboration will strengthen Cambodia’s startup ecosystem and empower local talent to drive impactful innovation on an international scale,” says Chea Somphors, General Manager of ATC.

As a rapidly digitalizing country, Cambodia holds great potential to become a thriving startup ecosystem. With support from MPTC and in partnership with ATC, a leading institution already driving startup growth initiatives, Plug and Play seeks to accelerate these efforts and establish innovation practices in Cambodia. This partnership with MPTC and ATC will empower local innovators and startup owners to pursue regional and global opportunities, tapping into Plug and Play’s Silicon Valley connections and expertise to scale promising startups beyond borders.

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi.

Our Asia Pacific headquarters was launched in Singapore in 2010 and we are now present in five cities in Southeast Asia with additional locations in China, Japan, Korea and India. We work closely with both the public and private sector with programs, innovation initiatives and startup investments across the region.

For more information, visit https://www.plugandplayapac.com

About the Ministry of Post and Telecommunications (MPTC)

The Ministry of Post and Telecommunications (MPTC) is the government ministry managing Cambodia’s postal and telecommunications systems. Based in Phnom Penh, MPTC promotes effective network infrastructure connectivity and accessible services of Post, Telecommunications, and ICT sectors across the Kingdom of Cambodia, the region, and the world in order to contribute to socioeconomic development.

MPTC focuses on expanding effective, reliable, and secure infrastructure, modernizing services, and ensuring nationwide coverage. The ministry promotes digital development at all levels of government to enhance public service delivery, supports ICT awareness and capacity building, encourages investment and R&D, and upholds regulatory compliance to ensure fair competition and consumer protection.

For more information, visit https://mptc.gov.kh/en/

About AUPP Technology Center (ATC)

The AUPP Technology Center (ATC) is a platform where technology startups, corporates, and professionals can create value and unlock potential. By providing space, resources, guidance, and mentorship to selected tech startups in Cambodia, ATC helps propel them to a global scale, contributing to the transformation of the Cambodian digital economy. At the same time, global technology companies gain access to Cambodia’s growing market and emerging talent through ATC.

ATC is also home to the Center of Leadership and Professional Development (CLPD), which hosts professional and leadership training programs focused on corporate and leadership development. These programs bridge skill gaps along the corporate growth journey by developing industry-specific and key management capabilities, equipping Cambodian professionals and employers with world-class learning and development solutions.

For more information, visit https://www.aupptechcenter.com

CDNetworks’ State of WAAP Report Reveals 887.4 Billion Web App and API Attacks in 2024, a 21.4% YoY increase


SINGAPORE – Media OutReach Newswire – 28 May 2025 – CDNetworks, the APAC-leading network to deliver edge as a service, today released its latest State of Web Application and API Protection (WAAP) Report. The report shows that CDNetworks’ security platform intercepted 887.4 billion web attacks targeting applications and APIs in 2024, marking a 21.4% increase compared to the previous year.

The report also highlights a rise in both the intensity and sophistication of attacks, fueled by the rapid adoption of AI automation tools. In 2024, terabit-level DDoS attacks increased nearly tenfold, with 86% lasting more than 10 minutes. At the same time, CDNetworks’ AI-powered defenses blocked 114.7% more malicious bot traffic compared to 2023. These trends point to a more challenging threat landscape, where attacks are easier to launch and increasingly difficult to defend against.

Other key findings of the report include:

  • Gaming platforms remained top DDoS targets; e-commerce bot attacks increased by 46.2%.
  • 78% of API attacks occurred post-authentication, revealing a significant security gap.
  • Web exploit attacks surged by 35.01%, with HTTP protocol violations identified as a primary attack vector.
  • AI-powered defense has become essential against evolving threats (e.g., low-and-slow DDoS, AI-driven bot attacks).

The State of WAAP Report 2024 also provides strategic recommendations to help organizations strengthen their security posture and prepare for future security challenges.

“The landscape of web application and API attacks is shifting dramatically due to increased automation and complexity,” said Antony Li, Global Head of Infrastructure at CDNetworks. “Our report uncovers these emerging challenges and highlights why intelligent, AI-powered defenses are no longer optional but essential.”

Access the Full Report
The State of WAAP Report 2024 is a valuable resource for organizations to stay ahead of today’s increasingly complex cybersecurity landscape. Download the full report.
Hashtag: #CDNetworks #WAAP #Security #Report




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

CDNetworks Co. Ltd

As the APAC-leading network with over 2,800 global PoPs and more than 20 years of technology experience, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include , , , and more — all designed to spur business innovation. To learn more, visit and follow us on .

Gen.K Jewelry® to Unveil New Wedding Collections at Annual Ethereal Wedding Fair in June

SINGAPORE, May 28, 2025 /PRNewswire/ — Gen.K Jewelry®, a leading independent jewelry company in Singapore renowned for its signature jade collections, is set to introduce five exquisite new wedding collections at its upcoming Ethereal Wedding Fair, taking place on 13 to 15 June 2025 at 15 Stamford Road, #01-69/70/71 Capitol Singapore 178906. Besides jade, Gen.K will spotlight the beauty of lab-grown diamonds, gold and gemstones through sophisticated designs and bespoke jewelry services, with brides-to-be also able to meet and consult directly with Chief Designer Kayde Yeo during the event.

Reyna Collection
Reyna Collection

As part of its annual mega launch event, Gen.K will unveil the Elva, Reyna, Velentia, Evora and Hexelle Collections of jewelry, which it has thoughtfully crafted for brides seeking modern heirlooms that blend classic charm with contemporary flair. Each collection embodies the brand’s dedication to refined craftsmanship and sophisticated aesthetics.

Elva Collection
Elva Collection

Elva Collection

Inspired by the enchantment of nature, the Elva Collection features butterfly motifs that dance around radiant rose quartz. This delicate design captures the sparkle of gold and gemstone, symbolising pure life and illuminating the bride’s natural glow.

Reyna Collection

Gen.K captures the cherished moments of weddings through cherry blossom motifs in the Reyna Collection. Each piece is carefully crafted with selected gemstones, with the sparkle of zircon evoking the delicate of pink petals.

Velentia Collection

For a more classically elegant style, Gen.K presents the Velentia Collection. Expertly cut to maximise brilliance, each piece is designed to create the perfect silhouette. This modern yet timeless collection is a versatile choice, perfect for both the wedding reception and the after party.

Evora Collection

Timeless and romantic, the Evora Collection draws inspiration from Cinderella’s dreamy carriage. Highlighting the radiant beauty of pink sapphires paired with lab-grown diamonds, this collection embodies a harmonious blend of enchanting stones and fine craftsmanship — designed to be treasured for generations.

Hexelle Collection

Offering a distinctive hexagon cut, the Hexelle Collection features meticulously curated gemstones that form a striking six-sided silhouette. It is a bold and refined statement of modern sophistication.

Bespoke Consultations with Chief Designer Kayde Yeo

Evora Collection
Evora Collection

To provide a truly personalised experience, brides-to-be can consult directly with Kayde Yeo, Chief Designer of Gen.K Jewelry®. With extensive expertise in fine jewelry design, Kayde brings her wealth of experience from renowned jewelry houses to help transform each bride’s vision into a bespoke wedding masterpiece.

“The Ethereal Wedding Fair is a chance for us to help brides-to-be make memories that will last a lifetime. With our thoughtfully crafted new collections and design expertise, each bride can transform inspiration into elegant pieces that complete her special day,” said Genevie Yeo, Chief Executive Officer. 

For more information about bespoke jewelry services, please visit Gen.K Flagship Boutique at Capitol Singapore or email to admin@genkjewelry.com.

About Gen.K Jewelry ®

Founded in 2014 by sisters Genevie and Kayde Yeo, Gen.K Jewelry® is a Singapore-based fine jewelry brand that specializes in reimagining jade for the modern era. Blending traditional craftsmanship with contemporary design, the brand transforms Type A jade into elegant, wearable art. Each piece is thoughtfully crafted, reflecting the founders’ dedication to nature’s nuances, emotional connections, and life philosophy.

Gen.K Jewelry® offers a diverse range of collections, including bridal sets, proposal rings, wedding bands, and bespoke creations. Their flagship boutique, located in Capitol Singapore, serves as a testament to their commitment to quality and design excellence.

For more information, visit genkjewelry.com

Cartier Thailand Partners with Chula to Celebrate Social Entrepreneurs and Graduates of the Cartier Women’s Initiative Entrepreneurial Program

BANGKOK, May 28, 2025 /PRNewswire/ — Cartier Thailand, in collaboration with Chulalongkorn University, hosted a celebration honoring the achievements of social entrepreneurs who completed the Cartier Women’s Initiative (CWI) Entrepreneurial Program—a short-term course for female entrepreneurs in Thailand. The event was presided over by Professor Dr. Wilert Puriwat, President of Chulalongkorn University, who presented certificates to the program’s graduates. The opening speech was delivered by Ms. Pornpreya Vivadhnajat, Managing Director of Cartier Thailand, while Ms. Yanina Novitskaya, Chief Executive Officer of Cartier Southeast Asia and Oceania, extended her congratulations. The event was held on May 8, 2025, at the Waldorf Astoria Bangkok. 

Cartier Thailand Partners with Chula to Celebrate Social Entrepreneurs and Graduates of the Cartier Women’s Initiative Entrepreneurial Program
Cartier Thailand Partners with Chula to Celebrate Social Entrepreneurs and Graduates of the Cartier Women’s Initiative Entrepreneurial Program

The Cartier Women’s Initiative (CWI)  is a global program reflecting Cartier’s long-standing commitment to empowering female entrepreneurs who are driving social change through business solutions. In Thailand, this has been further developed into the CWI Entrepreneurial Program, aimed at equipping social entrepreneurs with essential skills and knowledge. The program covers fundamental business practices, leadership skills, business tools, and techniques that enable participants to scale their ventures internationally and potentially join the Cartier Women’s Initiative Awards in the future. The ultimate goal is to help Thai entrepreneurs create a positive global impact through purpose-driven businesses. 

Professor Dr. Wilert Puriwat, President of Chulalongkorn University, remarked that the 26 graduates of the program are not only entrepreneurs but also changemakers. Over the six-week period, they stepped away from their business leadership roles to immerse themselves in this intensive course. The knowledge and experience they gained will prepare them to lead their ventures and discover innovative solutions to drive global change. This collaboration between Chulalongkorn University and Cartier reinforces a shared vision to support enterprises that go beyond profit and strive for social impact. He also invited interested parties to apply for the Cartier Women’s Initiative Awards 2026, which will take place in 2026. 

Ms. Pornpreya Vivadhnajat, Managing Director of Cartier Thailand, stated that the CWI Entrepreneurial Program was designed to empower and build the capabilities of entrepreneurs committed to running sustainable businesses with meaningful purposes. She expressed admiration and inspiration from witnessing the growth of the program participants, who demonstrated creativity, collaboration, and the collective positive energy fostered within the community. 

Ms. Yanina Novitskaya, CEO of Cartier Southeast Asia and Oceania, shared her appreciation for the dedication and determination shown by all participants in the CWI Entrepreneurial Program. She noted that Thailand is among the leading countries in terms of female leadership, with many women in executive roles—highlighting the strong potential of Thai women. As the Cartier Women’s Initiative approaches its 20th year, Thailand will host the awards ceremony in 2026. She encouraged program participants and other female social entrepreneurs to apply for this global initiative, which supports business and entrepreneurial growth within a vibrant community of social impact leaders. 

The Cartier Women’s Initiative (CWI) Entrepreneurial Program is a six-week intensive course co-developed and managed by Cartier and Chulalongkorn University. It includes comprehensive content and practical exercises that span entrepreneurship fundamentals, business operations, and pitching techniques. The program is led by Dr. Preechaya Sittipunt, Chief Global Learning Officer. 

Female entrepreneurs running social enterprises are invited to apply for the Cartier Women’s Initiative Awards 2026, even if they have not participated in the CWI Entrepreneurial Program. 

Applications are open now through June 24, 2025. Application forms and further information are available at: https://www.cartierwomensinitiative.com/awards 

View the photo album of this article at https://www.chula.ac.th/en/news/238707/ 

About Chulalongkorn University

“Chulalongkorn University proudly retains its No. 1 position among Thai universities and ranks 132nd in Asia out of more than 2,000 institutions in the THE Asia University Rankings 2025—a testament to the excellence of Thai higher education on the regional stage.”

Social Media: 
Facebook: https://www.facebook.com/ChulalongkornUniversity
Youtube: https://www.youtube.com/chulauniversity
Linkedin: https://www.linkedin.com/school/15101896/

Algonomy Unveils Trio of AI-Powered Innovations to Revolutionize Digital Commerce

BENGALURU, India, May 28, 2025 /PRNewswire/ — Algonomy, the global leader in algorithmic decisioning for retail, today announced the launch of three cutting-edge solutions purpose-built to help retailers deliver hyper-personalized shopping experiences at scale: Ensemble AI, Social Proof Messaging, and Active Content.

These product innovations represent the next leap forward in retail personalization, merchandising efficiency, and real-time customer engagement.

Ensemble AI  redefines styling with a real-time, AI-powered outfitting engine that mimics a personal stylist—automatically creating editorial-style, head-to-toe looks tailored to individual shopper preferences, behavior, and current trends. By dynamically assembling complete, visually stunning outfits at key digital touchpoints, Ensemble AI increases average order value, improves conversion rate, and reduces styling overhead.

Social Proof Messaging  brings credibility and urgency to the shopper journey, enabling brands to embed psychological nudges—like trending tags, low stock indicators, and user popularity signals—throughout the funnel. With game-changing AI-led optimization, the platform automatically tests message variants and displays the best-performing one, maximizing KPIs such as conversion rate, add-to-cart rate, and revenue per visit.

Active Content delivers website-like personalization on email and other marketing channels, boosting engagement, clicks, and conversions. It enables marketers to effortlessly draw from, mash up, and layer data from multiple sources to craft visually compelling marketing campaigns, delivered with open-time personalization. Powered by Generative AI and Algonomy’s advanced decisioning engine, Active Content tailors every message to each individual with precision.

Together, these new offerings expand Algonomy’s Retail AI portfolio, which already includes market-leading products like Recommend™ (real-time personalized recommendations), multimodal search, Audience Manager, and supply chain optimization tech like Order Right.

“Retail is undergoing a seismic shift—from static experiences to dynamic, real-time engagement across the shopper journey. With Ensemble AI, Social Proof Messaging, and Active Content, we’re giving retailers the tools to operate with precision, creativity, and intelligence at scale—so they can meet every customer with relevance in the moment,” said Mark Buckallew, Chief Product Officer, Algonomy.

Meet Us at NRF APAC 2025

Algonomy will showcase these new innovations alongside its full product suite at NRFAPAC 2025, which will take place June 3–5 at Marina Bay Sands, Singapore. Visit us at Booth #1116 to experience the future of algorithmic retail in action.

For more information, visit https://algonomy.com/nrf-apac-2025

About Algonomy
Algonomy helps consumer businesses maximize customer value by automating decisioning across key retail functions, with AI-enabled solutions for eCommerce, Marketing, Merchandising, and Supply Chain. Algonomy is a trusted partner to more than 400 leading brands, with a global presence spanning over 20 countries. Our innovations have garnered recognition from top industry analysts such as Gartner and Forrester. More at www.algonomy.com

 

 

Xinhua Silk Road: 4th CICEE concludes with fruitful results

BEIJING, May 28, 2025 /PRNewswire/ — The fourth Changsha International Construction Equipment Exhibition (CICEE) concluded on May 18 in Changsha, capital of central China’s Hunan Province. According to the organizer, the event yielded fruitful cooperation outcomes.

The photo shows a scene during the 4th Changsha International Construction Equipment Exhibition in Changsha, central China's Hunan Province. (Photo provided by the organizer)
The photo shows a scene during the 4th Changsha International Construction Equipment Exhibition in Changsha, central China’s Hunan Province. (Photo provided by the organizer)

During the event, overseas buyers have struck tentative deals with over 600 exhibitors and six Changsha-based construction machine enterprises have secured purchase orders worth over 13 billion yuan (about 1.81 billion U.S. dollars).

Besides, an agreement on the standards of construction machinery has been signed between Standard and Industrial Research Institute of Malaysia (SIRIM) and China Construction Machinery Test Center, which has laid foundation for a more standardized and highly-efficient trade environment for the two sides.

The four-day event has brought together more than 1,800 exhibitors, up 20 percent year on year, including global industry leaders such as Caterpillar and Hitachi Construction Machinery, as well as Chinese construction machinery giants like Sany and Zoomlion.

This year’s exhibition drew around 350,000 representatives from 110 countries and regions, among which the number of overseas buyers has grew remarkably. It also invited buyer delegations from RCEP partner countries and held six themed international business matchmaking events.

Hailing Changsha’s role as China’s leading machinery manufacturing powerhouse and CICEE’s rising global influence, Tsunetaka Mori, Japanese heavyweight Hitachi Construction Machinery’s representative in China, said with the rising global demand for intelligent, electric and large-scale construction machinery, Hitachi has accelerated research and development and technological upgrades and continues to introduce cutting-edge solutions to China.

Original link: https://en.imsilkroad.com/p/345818.html

AEON Bank One-derful Anniversary

Rewards Customers with 8x AEON Points, Real Cashback, Grand Prizes and Neko Missions Gamification


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 May 2025 – AEON Bank, Malaysia’s pioneer Islamic digital bank, commemorates its first anniversary on 26 May. In conjunction with this milestone, the bank extends its appreciation to its valued customers throughout Malaysia.

One-derful Anniversary Show

Within a single year of operation, AEON Bank has garnered recognition as a preferred daily digital banking solution among Malaysians, who consistently utilize its intuitive mobile application and Debit Card-i for digital payments and online transactions.

“In this digital landscape, consumers increasingly seek banking products and services characterised by accessibility, security and seamless integration with their lifestyles. Since our official commencement of operations one year ago, the AEON Bank team has been diligently working to simplify banking for a broad spectrum of Malaysians. In our commitment to evolve in tandem with the needs of Malaysians, we have continuously refined our offerings to better serve their banking requirements. It is our conviction that digital banking should be inherently user-friendly and inclusive, ensuring that all individuals can participate in the robust digital economy without experiencing alienation. This one-year milestone holds profound significance for our institution, serving as a testament to the trust that our clientele has placed in AEON Bank. I extend my sincere gratitude to our current customers and a warm welcome to those who are newly joining us,” said YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz, CEO of AEON Bank.

Accelerating Malaysia’s Digital Economy

AEON Bank’s digital banking headway also reflects its contribution towards the development of the national digital economy. By offering an inclusive, Shariah compliant digital banking services, AEON Bank is also playing an active role in spurring the development of Malaysia’s fintech industry. On top of that, it is committed to foster a more inclusive financial future for all, including the unbanked and the underserved.

Join the Celebration with AEON Bank One-derful Anniversary Show

For this one-derful anniversary, AEON Bank is inviting everyone to celebrate together by tuning in to the ‘AEON Bank One-derful Anniversary Show‘ via AEON Bank’s official YouTube page. Customers can redeem special giveaways as part of the Anniversary Neko Missions and win amazing Positively Pink Grand Prizes.

Besides that, 7 winning customers also stand a chance to win fantastic prizes by participating in the AEON Bank One-derful Giveaway. Customers just need to use AEON Bank Debit Card-i when making a purchase of at least RM50 on groceries at any grocery outlets, follow AEON Bank Instagram page @aeonbankmy and DM their particulars and receipt screenshot; terms and conditions apply.

One of a Kind Grocery Card with Real Cashback Reward

To mark this meaningful milestone, AEON Bank is introducing a Limited Edition Anniversary AEON Bank Debit Card-i that coincides with its Grocery Rewards Campaign, held from 26 May until 31 December 2025.

Uniquely different compared to any other debit card, AEON Bank Debit Card-i x Grocery Rewards Campaign unlocks a minimum 4% cashback, with no minimum spend for customers who purchase their groceries at any grocery store nationwide, terms and conditions apply.

  • Earn 8x + 1x = 9x AEON Points for grocery purchases made using AEON Bank Debit Card-i at AEON Supermarket, AEON BiG and Max Valu, applicable upon scanning the membership code from the AEON Bank app
  • Earn 8x AEON Points for grocery purchases made using AEON Bank Debit Card-i

Every Ringgit spent using the AEON Bank Debit Card-i will be rewarded with AEON Points which translates into real cashback. The accumulated AEON Points can be redeemed into cash value that will be deposited safely into your own Savings Account-i.

“Digital banks are catalysing Malaysia’s banking and fintech sector — accelerating the adoption of digital payments and cashless transactions and bringing us closer to becoming a truly cashless society. As PayNet congratulates AEON Bank on their first anniversary, we remain committed to strengthening our strategic partnership by enabling innovative services, bridging the digital divide and expanding a more inclusive fintech ecosystem that’s accessible to everyone, from all walks of life,” said PayNet’s Commercial Division Senior Director, Azrul Fakhzan Mainor.

Meanwhile, the sparkly new design of the limited edition Anniversary AEON Bank Debit Card-i would be available soon.

Manage Your Finances with Personal Financing-i and Term Deposit-i

Realising that many Malaysians struggle in managing their financial needs, while others would like to optimise their fund to reach a financial target, AEON Bank has developed two Personal Banking products for its customers – Personal Financing-i and Term Deposit-i.

Personal Financing-i (PF-i) can be a much needed support for those that wish to close the cash flow gap. For example, a customer named Sofia will be receiving her bonus next month, but the deposit for her kitchen renovation needs to be paid within this week. After careful consideration, she opted to apply for the Personal Financing-i, as it offers a collateral free, Shariah Compliant financing facility of up to RM50,000, with flexible repayment tenure ranging between 3 to 48 months. She is also keen on the fully online application process for PF-i which can be done via the AEON Bank mobile app, without the hassle of physical paperwork or going to a bank counter.

Meanwhile, for customers that would like to substantially grow their savings, Term Deposit-i (TD-i) makes it possible to earn profit on their deposits over a fixed term of various tenure options, with up to 3.08% profit rate p.a.

Stay on Track with Your Financial Goals Through AEON Bank’s Savings Pot

Budget-minded customers know that they should be putting money aside for emergencies and future financial aspirations. It could also be intended for their dream home and year end vacation. AEON Bank’s Savings Pot makes it easy to stay on track, while earning rewarding profits. Customers just create a Savings Pot, then transfer any amount from your Savings Account-i to the Savings Pot and easily earn 3.00% p.a. profit rate, with the flexibility to deposit more or withdraw the fund anytime via the app itself.

If you are curious about how digital banking can be experienced differently, this anniversary month is the perfect time to optimize on what AEON Bank has to offer. From real cashback to a digital-first banking convenience, kickstart this journey towards easy digital banking, mindful spending and growing your savings—all with AEON Bank by your side.

For more details, click here to browse AEON Bank’s website, follow on social media, download the AEON Bank app and remember to tune-in our YouTube channel to join the One-derful Anniversary Show.

Hashtag: #AEONBank #OneDerfulAnniversary #DigitalBanking #IslamicBanking #IslamicDigitalBank #ShariahCompliantBank #SyariahComplaintBank #Malaysia #FinancialInclusion #AEONBankDebitCardi #Cashback #AnniversaryShow






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ABOUT AEON BANK (M) BERHAD

AEON Bank (M) Berhad is Malaysia’s first Islamic digital bank, licensed and regulated by Bank Negara Malaysia and the Ministry of Finance. Officially launched on 26 May 2024, we currently offer a suite of Shariah-compliant Personal Banking solutions, such as deposit Savings Account-i, AEON Bank x Visa Debit Card-i, Personal Financing-i, Term Deposit-i, Savings Pots, budgeting tools and a range of digital payment services with strategic partners and merchants, including DuitNow QR, utility bill payments, as well as Neko Missions – Malaysia’s first digital banking interactive rewards programme. In 2025, AEON Bank Biz would also be introduced for local entrepreneurs and MSMEs.

Being part of the AEON Group conglomerate, AEON Bank (M) Berhad is equally held by AEON Financial Service Co. Ltd. (AFS Japan) and AEON Credit Service (M) Berhad (ACSM). AFS Japan is a comprehensive financial group with roots in the retail sector which operates in Japan and 10 countries across Asia and it is responsible for the AEON Group’s financial services business. AEON Group is a pure holding company that comprises eight core businesses and it has continuously been generating balanced growth and is Japan’s largest retail group.

AEON Group Malaysia consists of eight entities, namely, AEON Co. (M) Bhd, AEON BiG (M) Sdn Bhd, AEON Fantasy (M) Sdn Bhd, AEON Credit Service (M) Berhad, AEON TopValu (M) Sdn Bhd, AEON Global Supply Chain Sdn Bhd, AEON Delight (M) Sdn Bhd and Malaysian AEON Foundation. AEON Group has been a recognizable household brand with more than 200 years of history and evolution in Japan since the Edo era, along with 4 decades of growth in Malaysia, providing consumers with daily financial solutions and diversified retail convenience.

Our cloud native agility and AI powered insights, combined with the strength of our Shariah DNA, Malaysian roots and Japanese heritage are our distinguishing factors, while the integration with the AEON ecosystem gives us a competitive advantage of being the only bank in Malaysia with its own nationwide retail network. On top of that, AEON Points loyalty programme offers customers value-added benefits and meaningful rewards, as the AEON Points can be redeemed into cash value, deposited directly into customers’ AEON Bank Savings Account-i.

AEON Bank (M) Berhad is committed to provide accessible financial solutions for Malaysians. We aim to empower the community in pursuing their financial aspirations and achieve economic independence, hence fostering a more inclusive financial future for all. We will continue to create smiles, connect hearts, as well as contribute towards the Islamic banking development in the region and the nation’s fintech digital economy.