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Laos Raises Tax-Free Income Threshold Under New Personal Income Tax Rules

Laos reduces value added tax (VAT)

Laos has officially raised the monthly income exempt from personal income tax from LAK 1.3 million (USD 58.8) to LAK 2.5 million (USD 113.5), giving lower-income workers a larger tax-free allowance while leaving tax rates unchanged.

The revised personal income tax system, promulgated by a presidential decree on 6 August 2025, takes effect this month and applies to salaries, wages, bonuses, allowances and other employment income, according to the Ministry of Finance.

Under the new system, monthly earnings of up to LAK 2.5 million are exempt from income tax. Income above that threshold will continue to be taxed progressively at rates ranging from 5 percent to 25 percent, with each rate applying only to the portion of income within the relevant bracket.

Previously, workers began paying income tax once their monthly income exceeded LAK 1.3 million.

With the current regulations, If a person earning LAK 6 million (USD 272) a month would pay no tax on the first LAK 2.5 million. The next LAK 2.5 million would be taxed at 5 percent, while the remaining LAK 1 million would be taxed at 10 percent.

Farming and Property Transfer

The revised regulations also update tax rates for several other categories of income.

Transfers or sales of agricultural land for farming will be taxed at 1 percent of total income. A 2 percent rate applies to income from share sales, property transfers, land-use rights, and business activities including agriculture, handicrafts, trade and services where annual income exceeds LAK 100 million (USD 4,528).

Lottery prizes above LAK 10 million (USD 454), gifts or awards exceeding LAK 5 million (USD 227), intellectual property income, qualifying sports and entertainment earnings, and construction or repair services will be subject to a 5 percent tax. Dividends, profit distributions and other shareholder benefits will continue to be taxed at 10 percent.

The changes come as Laos seeks to strengthen public finances while easing pressure on households after several years of high inflation and currency volatility. Official figures show the economy expanded by 5 percent in the first half of 2026, while annual inflation slowed to 7.4 percent in June, according to data presented during the government’s expanded cabinet meeting on 25 June.

Orqa and Remote Robotic Systems Launch $150M Partnership to Build Canadian Sovereign Capability in Drones, AI, and Counter-UAS Systems

  • Canada becomes the first non-EU country to join the EU’s Security Action For Europe ‘SAFE’ initiative
  • Estimated to create 100 new high value tech jobs
  • Target of 10,000 systems per month by 2029

TORONTO, June 30, 2026 /PRNewswire/ — Remote Robotic Systems (RRS) Inc. and Orqa d.o.o. are delighted to announce the signing of an exclusive partnership agreement to expand production of Orqa systems and components in Canada, with the goal of supplying both domestic and export markets. The agreement was signed by Orqa co-founder and CCO Ivan Jelusic and RSS CEO Kevin Toderel, with Mark Carney, Prime Minister of Canada, and Andrej Plenković, Croatian Prime Minister present, highlighting the significance of this deal. 

From L to R:Kevin Toderel, CEO of Remote Robotics Systems, Andrej Plenković, Prime Minister of Croatia, Mark Carney, Prime Minister of Canada, Ivan Jelusic, CoS and Co-Founder of Orqa.
From L to R:Kevin Toderel, CEO of Remote Robotics Systems, Andrej Plenković, Prime Minister of Croatia, Mark Carney, Prime Minister of Canada, Ivan Jelusic, CoS and Co-Founder of Orqa.

Canada is breaking new ground as the first non-European country to participate in the Security Action For Europe (SAFE) initiative, designed to increase the EU’s sovereign defense capabilities and reflecting the shared ambition of both parties to deepen their defence ties and strengthen joint security cooperation. 

The agreement is a significant milestone for the Croatian drone developer, marking the first deployment of its new Defense Transformation Platform, designed to help countries build sovereign drone ecosystems.  It will deliver strong growth and value for Canada, starting with an initial investment of $20M CAD to fund the expansion of RRS production facilities.

The deal itself is worth an estimated $150M CAD over the next five years, and will create up to 100 new high value technology jobs in Ottawa and Toronto by Q4 2027. The partners confidently expect to scale to 1000 systems per month by mid 2027, with a target of 10,000 per month over the course of the agreement.

Ivan Jelusic, CCO at Orqa, said, “This MoU will formalize the strategic framework for cooperation between RRS and Orqa to co-develop, manufacture, and commercialize advanced defence technologies. The specific focus is on uncrewed systems, counter-drone capabilities, and AI integration. RRS is the leading supplier of these systems to the armed forces and first responders in Canada, making them our ideal partner. We are committed to helping our allies create sovereign defence capabilities and this partnership is another step forward towards that goal.

Kevin Toderel, CEO of RRS, added, “Orqa is the global leader in sUAS systems. We are proud to be able to build these systems in Canada and work with Orqa to increase capabilities and act as a supply chain and software development partner, bringing Canadian IP to the world. Our aim is to build Canadian capability and capacity for sUAS systems, ensuring Canada has ready access to this essential strategic resource now and in the future.”

The collaboration agreement defines four core areas:

  1. Technology Transfer & Production Licensing: Orqa will facilitate the transfer of relevant technology and grant production licenses to RRS to enable localized Canadian manufacturing.
  2. Force & Capability Development: Joint development of solutions tailored to meet the evolving operational requirements of Canada’s armed forces, first responders and allied NATO partners.
  3. AI Implementation: Collaboration on the research, development, and integration of RRS’s sovereign AI capabilities onto mutually developed and manufactured platforms.
  4. Hub Establishment: Developing RRS’s facilities as Orqa’s second North American manufacturing hub and primary export launchpad into the continent’s broader defence and commercial market.

About Orqa. Orqa is Europe’s leading drone technology company, designing and manufacturing components and complete FPV/unmanned aerial systems in Croatia for customers in 50+ markets worldwide. Fully vertically integrated manufacturing ensures complete supply chain independence, with all key components made in the EU. Orqa is one of the fastest growing companies in Europe, ranked #135 overall – and #2 in Aerospace & Defense – in The Financial Times’ FT1000 list of Europe’s 1000 fastest-growing companies.

About Remote Robotic Systems.

Remote Robotic Systems is Canada’s largest and fastest growing drone provider, supplying the Canadian armed forces, 24 of the 25 largest public safety agencies, and some of Canada’s largest industrial drone fleets. With manufacturing in Ottawa and Mississauga, RRS is the leading supplier of domestically produced platforms to the Canadian forces and a pioneer in developing critical sovereign capabilities like the “Wingman” Co-Pilot and the Arctic Falcon platform. Our world-leading training programs ensure that operators are able to successfully complete complex missions in real-world environments.

#Orqa
#RemoteRoboticSystems

BMO to Acquire Australia-Based Capital Markets Business of Euroz Hartleys Group, Strengthening Global Metals & Mining Leadership

  • Combines BMO’s market-leading global metals and mining franchise with premier Australian distribution platform, strengthening BMO’s position as the leading global metals and mining investment bank
  • Enhances BMO’s integrated global platform connecting clients to capital, investors and opportunities across North America, Europe and Australia

TORONTO and PERTH, June 30, 2026 /PRNewswire/ — BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has entered into a definitive agreement to acquire the Australia-based capital markets business of Euroz Hartleys Group Limited (ASX:EZL), a leading metals and mining-focused equity capital markets, M&A and strategic advisory firm. Euroz Hartleys Group’s private wealth business will remain independent and will enter into a strategic alliance agreement with BMO to preserve the interconnected relationship between the capital markets and private wealth businesses and support continued collaboration, research access and distribution opportunities. The transaction is anticipated to close in the fourth quarter of calendar year 2026 and is subject to Euroz Hartleys shareholder approval, applicable regulatory approvals and other customary conditions.

The transaction will combine BMO’s market-leading metals and mining franchise with one of Australia’s premier equity distribution platforms and will create a truly integrated global capability for clients. Australia is among the most important centres for metals and mining capital formation worldwide, with a market comparable to Canada and growing influence across global markets. This strategic acquisition will enhance BMO’s ability to serve clients where capital is forming, underscoring the importance of a scaled local presence.

“This is a defining step forward in strengthening our position as the leading metals and mining investment bank globally,” said Carrie Cook, Global Head, Investment & Corporate Banking, BMO Capital Markets. “By combining our global distribution capabilities with deep local expertise in Australia, we are building a more connected platform that will enable clients to access capital and opportunities across markets. As capital formation continues to shift globally, our clients increasingly expect seamless access to investors and opportunities across markets—and this transaction supports our ambition to be ahead of that evolution.”

“This combination will bring together two highly complementary businesses to create a stronger and more competitive global platform,” said Andrew McKenzie, Executive Chairman of Euroz Hartleys. “BMO provides immediate access to the leading global franchise in metals and mining and significantly expands our ability to connect Australian clients with international capital. We are excited to be part of a team that is setting the standard for the sector globally.”

Since 2004, BMO has had a presence in Australia, with an office in Melbourne. At closing, approximately 40 Euroz Hartleys Group team members are expected to join BMO Capital Markets, further strengthening its regional and global capabilities. Together, the combined team will operate as an integrated global platform, enhancing connectivity across North American, European and Australian markets.

In connection with the transaction, BMO Capital Markets acted as BMO’s exclusive financial advisor. DLA Piper and Osler, Hoskin & Harcourt LLP acted as legal counsel to BMO. Grant Samuel acted as financial advisor and Steinepreis Paganin acted as legal counsel to Euroz Hartleys Group.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

About Euroz Hartleys Group

Euroz Hartleys is a leading Western Australian financial services firm providing private wealth, institutional broking and corporate finance services. Euroz Hartleys has built a highly respected Capital Markets franchise, with deep expertise across equities research, institutional sales and trading, equity capital markets and mergers and acquisitions advisory. The firm’s Private Wealth business provides tailored investment advice and financial planning services to high net worth individuals, families and private clients. Euroz Hartleys is headquartered in Perth, Western Australia and is listed on the Australian Securities Exchange.

Caution Regarding Forward Looking Statements

Certain statements in this press release are forward-looking statements.  All such statements are made pursuant to the “safe harbor” provisions of, and are intended to be forward-looking statements under, the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements with respect to the expected closing of the proposed transaction, the financial and operational impact of the proposed transaction, our future arrangements with Euroz Hartleys Group Ltd., our strategies or future actions, and include statements made by our management. Forward-looking statements are typically identified by words such as “expect” and “will” or negative or grammatical variations thereof.

By their nature, forward-looking statements are based on various assumptions and are subject to inherent risks and uncertainties. We caution readers of this press release not to place undue reliance on our forward-looking statements as the assumptions underlying such statements may not turn out to be correct and a number of factors could cause actual future results, conditions, actions or events to differ materially from the expectations, estimates or intentions expressed in the forward-looking statements. Such factors include, but are not limited to: the possibility that the proposed transaction does not close when expected or at all because required regulatory approvals and other conditions to closing are not received or satisfied on a timely basis or at all or are received subject to adverse conditions or requirements; the anticipated benefits from the proposed transaction, including the strategic alliance agreement, are not realized in the time frame anticipated or at all as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations (including changes to capital requirements) and their enforcement; reputational risks and the reaction of BMO’s customers and employees to the transaction; diversion of management time on transaction-related issues; and those other factors discussed in the Risks That May Affect Future Results section, and the sections related to credit and counterparty, market, liquidity and funding, operational non-financial, legal and regulatory compliance, strategic, environmental and social, and reputation risk, in the Enterprise-Wide Risk Management section of BMO’s 2025 Annual Report, as updated by BMO’s quarterly reports, all of which outline certain key factors and risks that may affect our future results and our ability to anticipate and effectively manage risks arising from all of the foregoing factors. We caution that the foregoing list is not exhaustive of all possible factors. These factors should be considered in addition to other uncertainties and potential events, and the inherent uncertainty of forward-looking statements.

BMO does not undertake to update any forward-looking statement, whether written or oral, that may be made, from time to time, by the organization or on its behalf, except as required by law.

Media Contact: Jeff Roman, jeff.roman@bmo.com, (416) 867‑3996; Investor Relations Contact: Christine Viau, Christine.viau@bmo.com, (416) 867-6958; Bill Anderson, bill2.anderson@bmo.com, (416) 867-7834

Electrolux Group submits claims related to refund of IEEPA tariffs of approx. USD 88 million

The IEEPA (International Emergency Economic Powers Act) tariff program was introduced in February 2025 and expanded through April 2025. Following the U.S Supreme Court’s ruling in February 2026 that IEEPA does not grant authority to impose tariffs, the Court of International Trade ordered refunds for importers. The U.S. Customs and Border Protection has since implemented a refund process, administered through a dedicated system. Phase 1 opened for refund claims on April 20, 2026. Phase 2, which covers the majority of entries relevant to Electrolux Group, opened on June 29, 2026. 

STOCKHOLM, June 30, 2026 /PRNewswire/ — Electrolux Group has today submitted refund claims related to Phase 2. As a consequence, a positive non-recurring item (NRI) of approximately USD 61 million, related to 2025, will be recognized in operating income in Region North America in the second quarter of 2026. Also, an amount of approximately USD 27 million related to the first quarter 2026, will be recognized as part of cost of goods sold (COGS) in Region North America in the second quarter 2026. 

The interim report for the second quarter 2026 will be published on July 29, 2026, at approximately 07.00 CEST. 

Supplement to the rights issue prospectus 
As a consequence of this announcement, Electrolux Group will prepare and publish a supplement to the rights issue prospectus that was published on May 28, 2026. The prospectus supplement will be published as soon as it has been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). 

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 29-06-2026 20:00 CET.

CONTACT:

For more information:

Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, ann-sofi.jonsson@electrolux.com,  +46 73 025 1005

Maria Åkerhielm, Investor Relations Manager, maria.akerhielm@electrolux.com, +46 70 796 3856

Henry Sjölin, Investor Relations Manager, henry.sjolin@electrolux.com, +46 76 863 51 85

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/electrolux-group-submits-claims-related-to-refund-of-ieepa-tariffs-of-approx–usd-88-million,c4368840

The following files are available for download:

https://mb.cision.com/Main/1853/4368840/4172538.pdf

Press release 2026-06-29 IEEPA tariffs refund (eng)

Ohuhu Celebrates 10 Years of Color, Creativity, and Community

FREMONT, Calif., HAMBURG, Germany and SHENZHEN, China, June 30, 2026 /PRNewswire/ — Ohuhu, one of the leading global art supplies brands, is celebrating its 10th anniversary this month, marking a decade shaped by creativity, community, and a shared belief that art should be within everyone’s reach.

To honor this milestone, Ohuhu is launching its 10th-anniversary campaign, themed “Then & Now: Recreate in Color.” The initiative invites artists to revisit their early work and reimagine it using new colors and mediums, celebrating not just the final masterpiece, but also their personal growth.

The anniversary festivities will feature global art competitions, and the highly anticipated rollout of new products: the all-in-one Alcohol Markers Coloring Set, alongside the Kahuku Direct-Ink Acrylic Markers, designed for bold, multi-surface creativity.

Ohuhu has also expanded into cross-category collaborations, notably partnering with Bobbie Goods in 2025, a move that earned popularity within the cozy coloring community. Looking ahead, Ohuhu is thrilled to announce upcoming collaborative products with beloved coloring book brands Coco Wyo and Jade Summer, bringing customers even closer to the coloring book worlds they love.

The milestone also reflects Ohuhu’s decade-long journey of product innovation, community growth, and creative exploration.

Founded in 2016 with a mission to bring high-quality art tools to more creators, Ohuhu gained attention with its breakout Oahu Series Alcohol MarkersSince 2019, Ohuhu has continued to expand the Honolulu Series Alcohol Markersstrengthening its position among colorists, illustrators, and hobbyists. Ohuhu has since evolved into a comprehensive creative brand, offering 500+ alcohol marker shades and a wide product ecosystem.

As part of its commitment to sustainable creative tools, Ohuhu introduced refillable alcohol ink in 2023, followed by innovative double-sided marker pads in 2024. Community feedback continues to help shape product development, while sustainability remains a key part of Ohuhu’s brand direction.

As Ohuhu enters its next decade, the brand looks forward to growing with the community that made this milestone possible, continuing to create tools that bring color, joy, and inspiration to creators around the world.

About Ohuhu

Inspired by the sun-kissed, breezy spirit of the Hawaiian island of Oahu, Ohuhu brings relaxation, joy, and creative freedom to the creative process. As of now, this island-inspired vision connects a global community of creators, with artists from 47 regions participating in Ohuhu’s 10th-anniversary celebration.

Media Contact

Ohuhu PR Team
Email: marketing@ohuhu.com 
Website: www.ohuhu.com

Ohuhu celebrates its 10th anniversary with a colorful showcase of new launches and customer-favorite art supplies, marking a decade of empowering artists and creators through high-quality creative tools.
Ohuhu celebrates its 10th anniversary with a colorful showcase of new launches and customer-favorite art supplies, marking a decade of empowering artists and creators through high-quality creative tools.

 

GreenCore Solutions Corp. (GSC) Announces AI Agent CPG Knowledge Graph and Agent Skills; Signs Definitive Asia-Pacific Joint Venture

First-of-its-kind in agentic CPG procurement — Knowledge Graph, AI Agent Skills and Global Rollout

TORONTO, BARCELONA and SYDNEY, June 30, 2026 /PRNewswire — GreenCore Solutions Corp. (GSC), a leader in AI Agents for CPG manufacturers, today announced the launch of the industry’s first CPG Knowledge Graph paired with AI Agent Skills — purpose-built to accelerate product discovery, qualification, and ordering in an agent-driven retail procurement ecosystem.

The CPG Knowledge Graph acts as a comprehensive, real-time map connecting thousands of makers, retail banners, markets, and procurement rules. Complementing it are Agent Skills — compact, verifiable files that make SKUs AI-orderable (AIO). These skills load in sub-milliseconds, translating complex procurement playbooks into deterministic ACM-68000 status codes that buyer agents already understand.

Together, they deliver fast, accurate qualification, seamless GSC Navigator human-in-the-loop escalations, and reliable progression from discovery to shelf — giving CPG makers a decisive edge in the agent-driven sell side.

“Without a Knowledge Graph and Agent Skills, AI agents operate blind — burning tokens, guessing at eligibility, and struggling to reach the right retail buyer,” said Matthew Keddy, CEO of GreenCore Solutions Corp. “We mount a manufacturer’s SKU portfolio onto a dedicated GSC AI Agent that sells into retailers’ buy‑side procurement agents; buying is rapidly becoming agent‑led, so we put a manufacturer’s AI Agent on the other side of every request—with a human in the loop for every purchase order.”

On June 3, 2026, Cloudflare CEO Matthew Prince announced that AI agent traffic had surpassed human traffic for the first time (57% vs. 43%). GSC’s infrastructure is purpose-built for this shift, equipping CPG manufacturers with the AI Agents, CPG Knowledge Graph, and Skills needed to win in AI procurement with retail grocery and convenience store chains globally.

GSC’s CPG Knowledge Graph and Agent Skills now deliver over 300 million datapoints of global coverage. Knowledge Graph v3.0.1 with SPARKS is already deployed internally. SPARKS resolves pack and size by market and product type, transforming eligible products into immediately orderable ones. A new generation of packaging intelligence will ship this fall as installable Agent Skills, making products faster to find, qualify, and order.

The Joint Venture.

On June 16, 2026, GSC announced it had signed a Letter of Intent to form GSC Agentic Pty. Ltd., a regional joint venture bringing its AI Agent Fleet to Hygiene, Beauty and Personal Care (BPC) and CPG makers across Australia and Asia. That agreement is now definitive. Under it, GSC contributes the AI Agent Fleet, Knowledge Graph, Agent Skills, and operating know-how; the regional partner handles in-territory formation, sales, onboarding, and support. GSC Agentic Pty. Ltd. holds exclusive sales rights for BPC and CPG customers across Australia and Asia.

“GSC Agentic Pty. Ltd. takes our live AI Agent fleet across Australia and Asia,” said Matthew Keddy, CEO, GreenCore Solutions Corp. “With our global Crunchbase.com rank (3,009), GSC places 17th in Australia, 24th in South Korea, 31st in Japan, and 39th in Singapore — and ranks #75 of 192,338 companies in Canada. Now we’re putting that infrastructure on the ground with scale for our CPG customers.”

“The AI procurement economy has arrived, and manufacturers need to be ready. As retailers increasingly deploy AI buying agents, products must become AI-discoverable and AI-orderable to remain competitive,” said Brendan Farrugia, Director, GSC Agentic Pty. Ltd. “GSC Agentic enables manufacturers to deploy enterprise-grade AI Sales Agents as a managed service—without building or managing the IT themselves—having experienced people overseeing every purchase order. We expect rapid adoption across Australia and Asia-Pacific as manufacturers move to secure an early advantage in this new era of AI-driven commerce.”

About GreenCore Solutions Corp.

GreenCore Solutions Corp. (GSC) is a Canadian company that builds and operates AI Agents for Consumer Packaged Goods (CPG) makers, grounded by its sovereign CPG-Retail Knowledge Graph and Agent Skills that map makers and retail banners to jurisdictional nodes. GSC provides AI Orderability (AIO) AI agents and deterministic procurement signaling for CPG-to-retail commerce, with human-in-the-loop oversight by design. GSC is a Microsoft AI Cloud Partner, with offices in Canada, Mexico, Spain, and Australia. For more information visit www.gsc-em.com. Live now: mcp.cpgknowledgegraph.ai (an AI Agent surface — not a website for humans).

Mamula Island by Banyan Tree Celebrates its Official Debut Season as Banyan Tree’s First Resort in Europe

Nestled at the entrance of Montenegro’s UNESCO-listed Bay of Kotor the intimate island sanctuary is housed in a restored 19th-century fortress encircled by sea and sky

HERCEG NOVI, Montenegro, June 30, 2026 /PRNewswire/ — Banyan Group (“Banyan Tree Holdings Limited” or the “Group” – SGX: B58), an independent global hospitality company, officially unveils Mamula Island by Banyan Tree in its first full season under its flagship Banyan Tree brand, marking Banyan Tree’s first resort in Europe.

Mamula Island by Banyan Tree Celebrates its Official Debut Season as Banyan Tree’s First Resort in Europe
Mamula Island by Banyan Tree Celebrates its Official Debut Season as Banyan Tree’s First Resort in Europe

Set on a secluded islet at the entrance of the UNESCO-listed Bay of Kotor (known locally as Boka Bay), Mamula Island by Banyan Tree is housed in a restored 19th-century fortress encircled by sea and sky, with far-reaching views across the Adriatic. Following its addition to the Banyan Tree portfolio, the 32-room island sanctuary now features the brand’s award-winning Banyan Tree Spa, alongside refreshed brand experiences spanning destination-led dining, cultural programming, wellbeing and nature-based discovery.

A Guardian of the Bay of Kotor

Originally built in the 1850s, Fort Mamula once served as a coastal defence fortification at the entrance of the Bay of Kotor. Its seven-year restoration was led by developer Samih Sawiris, in partnership with Lisbon-based MCM Architecture & Design, Montenegrin conservation and architecture studio Projektor, and local heritage authorities.

Interior design was overseen by Piotr Wisniewski and weStudio Berlin, combining mid-century influences, local craftsmanship and bespoke furniture. Across the resort, natural stone, aged brass, solid oak and organic textiles create interiors that are warm, understated and enduring.

The arch, a defining feature of the original fortress, is reinterpreted throughout the resort, including in a custom-made furniture line developed for the hotel. The design also draws on local artisanal traditions, from pottery and joinery to abstract fine art, creating a contemporary retreat grounded in the island and the wider region.

Rooms and Suites Overlooking the Adriatic

The journey to the island begins with a private boat transfer across Boka Bay or a helicopter flight from Dubrovnik or Tivat, with views over Montenegro’s coastline and the Adriatic Sea.

The Adriatic is a constant presence throughout the resort, with all rooms and suites offering sea views. Heritage Suites are set within the original fortress structure, preserving stonework and heritage features, while newly built rooms and suites feature contemporary interiors, floor-to-ceiling windows and private terraces. The Heritage Sky Suites have been recognised as “Best Hotel Suite” at AHEAD Awards Europe and ranked among the world’s top ten suites.

Dining Across Land and Sea

Dining at Mamula Island by Banyan Tree is shaped by local produce, fresh seafood and the micro-seasonality of the Montenegrin coast. Parasol, set at the heart of the fortress beside three outdoor pools, offers a crudo concept centred on just-caught seafood, while Kamena Restaurant overlooks the Adriatic and highlights land-led flavours and locally harvested ingredients.

Perched on the edge of the island, Celeste offers a relaxed outdoor terrace experience inspired by coastal cooking traditions from Italy, the Caribbean and the Levant. As evening falls, guests can gather at Pinea Bar, an intimate speakeasy-style bar offering handcrafted cocktails and vinyl nights under the stars.

A Restorative Island Journey

Located within the historic fortress tower, Banyan Tree Spa offers a wellbeing experience guided by the brand’s 8 Pillars of Wellbeing. Treatments draw on local plants, oils and natural elements, with rituals designed to reflect the island’s setting and the restorative qualities of the surrounding landscape.

The spa features an indoor gym, ritual rooms, Finnish and herbal saunas, steam room, halotherapy room, flotation chamber and experience shower. Guests can also experience hydro and weightless therapies, including a meditative float experience, as well as traditional Thai, Javanese Indonesian and Chinese healing therapies, therapeutic bodywork and the brand’s signature Royal Banyan treatment.

Beyond the spa, the island offers space for quiet restoration and outdoor discovery. At the northern tip of the island, a serviced beach features sunbeds, individual coves and views towards Herceg Novi, with direct access to the island’s natural coastline.

Guests can explore the island, coastline and Luštica Peninsula by kayak, paddleboard, water bike or e-bike. Further afield, curated experiences include Boka Bay, sunrise swims in the Blue Cave, Kotor Old Town, Royal Lovćen and Cetinje, Skadar Lake and the Tara River. Luštica food tours and local discovery experiences connect guests with Montenegro’s history, landscapes and coastal life.

Creative and Cultural Programming

Cultural programming is central to the Mamula Island experience. A new Artists-in-Residence programme brings local and regional creatives to the island, with workshops, exhibitions, maker sessions, opera evenings, live music and the Operosa Music Festival offering guests a closer connection to the region’s creative community.

Mamula Island by Banyan Tree is also available for full island buyout for weddings, private events and retreats, with a collection of distinctive venues spanning the restored fortress, open-air terraces, gardens, spa facilities and beach.

For more information and reservations, please visit banyantree.com.

For high-resolution images, please download here.

ABOUT BANYAN GROUP

Banyan Group (“Banyan Tree Holdings Limited” or the “Group” – SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans 100 hotels and resorts, over 140 spas and galleries, and 20 plus branded residences in over 20 countries. Comprising 13 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of “Embracing the Environment, Empowering People” is embodied through the Banyan Global Foundation and Banyan Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.

 

DAR GLOBAL AND FENDI CASA ANNOUNCE AZURE OCEANFRONT VILLAS IN OMAN FOR UNPARALLELED COASTAL LIVING DEFINED BY ITALIAN SOPHISTICATION

MUSCAT, Oman, June 30, 2026 /PRNewswire/ — Dar Global  and FENDI Casa announce the launch of Azure Oceanfront Villas, a collection of ultra-luxury mansions with interiors by FENDI Casa, set within the prestigious AIDA clifftop community in Muscat, Oman. Conceived by Dar Global, the London-listed luxury real estate company, AIDA is one of the most expansive and exclusive mixed-use real estate developments globally.

DAR GLOBAL AND FENDI CASA ANNOUNCE AZURE OCEANFRONT VILLASIN OMAN FOR UNPARALLELED COASTAL LIVINGDEFINED BY ITALIAN SOPHISTICATION
DAR GLOBAL AND FENDI CASA ANNOUNCE AZURE OCEANFRONT VILLASIN OMAN FOR UNPARALLELED COASTAL LIVINGDEFINED BY ITALIAN SOPHISTICATION

The launch unveils 19 thoughtfully designed and exquisitely appointed mansions with direct beach access featuring FENDI Casa’s signature Italian craftsmanship and refined high-end design to AIDA, a magnificent, gated community built on a 130-metre-high cliff, surrounded by rocky canyons, pristine beaches, and the scenic Oman coastline.

Ziad El Chaar, CEO of Dar Global, said: “The launch of Azure Oceanfront Villas, Interiors by FENDI Casa, at AIDA reflects Dar Global’s commitment to identifying and unlocking high-value real estate opportunities in growth markets. Oman’s luxury property sector is at a turning point, fuelled by investor appetite for branded residences and government initiatives driving inbound investment. Our partnership with FENDI Casa brings world-renowned Italian design to this vision, elevating the standard of upscale living in Muscat. Together, we are further elevating the position of  AIDA as a strategic gateway for global investors seeking long-term value, lifestyle returns, and design-led distinction in the region.”

Positioned on an expansive site with unobstructed sea views, Azure Oceanfront Villas, with interiors by FENDI Casa, offers exceptional privacy and seclusion for a select group of discerning residents. The distinctly modern mansions embody the essence of seaside living, evoking a tranquil and luxurious sanctuary. With spacious floor plans, each villa includes private amenities such as an outdoor pool and a state-of-the-art gym.

This elegant new landmark within AIDA marks the first collaboration between Dar Global and FENDI Casa on a high-end residential project. The unveiling also represents a significant milestone for Oman as Azure Oceanfront Villas, Interiors by FENDI Casa, becomes the first development in the Sultanate to feature interiors by the design brand of a luxury fashion Maison.

Spanning over 4.3 million sqm and targeting international investors and buyers, AIDA blends nature, luxury, and lifestyle, boasting world-class hotels, an 18-hole golf course, an exclusive members-only club, and a bouquet of residential offerings including upscale villas and apartments.