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Rising Above the Turbulence: How Malaysian SMEs are Redefining Economic Resilience

KUALA LUMPUR, Malaysia, Aug. 7, 2026 /PRNewswire/ — In an era defined by localized inflation, an escalating global energy crisis, and supply chain disruptions, a distinct class of Malaysian Small and Medium Enterprises (SMEs) is rewriting the playbook. Rather than retreating into survival mode, these trailblazers are actively leveraging economic turmoil to restructure, capture market share, and outpace their competitors.

Congratulations to the winners of the 2026 Golden Bull Award Malaysia
Congratulations to the winners of the 2026 Golden Bull Award Malaysia

To honor this strategic mastery and unyielding grit, SAMENTA and Business Media International proudly recognized 170 outstanding SMEs at the latest edition of the Golden Bull Award. The two-night event was officiated by YB Tuan Steven Sim Chee Keong, Minister of Entrepreneur and Cooperatives Development, and YB Tuan Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry. Together, this year’s winners highlight exactly how diverse sectors of the SME landscape are successfully turning macroeconomic pressures into distinct competitive advantages.             

The broader economic data confirms that Malaysian SMEs are acting as the nation’s economic shock absorbers. According to the Department of Statistics Malaysia (DOSM) Micro, Small and Medium Enterprises (MSMEs) Performance report, the sector achieved an impressive 5.8% GDP growth—outpacing the overall national GDP growth of 5.1%.

The latest cohort of Golden Bull Award winners firmly backs this report and they represent a diverse cross-section of the Malaysian economy, spanning 20 distinct industry groupings. This widespread representation proves that the capacity to adapt and thrive is not confined to a single market segment. According to the award’s winner demographics, the top-performing sectors driving this resurgence include:

  • Real Estate & Construction (14.38%): Leading the pack despite facing skyrocketing raw material costs and energy price hikes, these companies are capitalizing on the crisis by pioneering energy-efficient construction methods and capturing market share as less-agile competitors scale back.
  • Professional and Business Services (8.36%): This sector highlights a broader market shift toward strategic consolidation, as companies increasingly outsource specialized services to optimize their own operational overheads.
  • Industrial Products (7.69%) & IT & Digital (7.69%): These sectors showcase the critical manufacturing-to-digital pipeline. Industrial players are re-engineering supply chains to combat inflation, while IT firms are providing the exact automation, AI, and cybersecurity tools the broader market desperately needs to survive.
  • Healthcare, Pharmaceutical & Biotechnology (5.69%) and Trading & Wholesaling (5.69%): Showcasing steady, resilient growth by building highly localized supply chains that bypass global bottlenecks.

Other critical sectors making up the winner’s circle include Retail (5.35%), Transportation and Logistics (5.02%), Media & Creative Industries (4.68%), and Education and Training (4.35%)—demonstrating that proactive adaptation is happening economy-wide.

What separates Golden Bull Award winners from the rest of the market is their ability to treat economic crises as a catalyst for evolution. While others cut costs indiscriminately, these high-performing SMEs are leading the way through calculated innovation.

To combat the energy crisis and inflation, winners are actively integrating Environmental, Social, and Governance (ESG) values into their core operations to optimize resource efficiency and offset rising utility bills. They recognize that economic dips are the most cost-effective times to acquire new customers, expand their market footprint, and secure premium talent that is suddenly available in a shifting job market.

Datuk William Ng, national president of the Small and Medium Enterprises Association of Malaysia (SAMENTA) emphasized the critical role these winning enterprises play in safeguarding and elevating the livelihoods of Malaysians.

“SMEs are not just the economic engine of Malaysia; they are the very foundation of our nation’s workforce. The Golden Bull Award winners exemplify the forward-thinking leadership needed to drive high-value job creation, upskill our talents for the digital age, and elevate the Malaysian workforce on the global stage”, Datuk Ng said.

“Malaysian SMEs have consistently demonstrated an extraordinary capacity to navigate economic headwinds like inflation and the energy crisis, emerging stronger on the other side. The sheer diversity of our winners across 20 industries reflects a fundamental shift; from merely surviving market disruptions to actively leveraging digitalization, strategic recalibration, and innovation for sustainable growth. The Golden Bull Award stands as a testament to these visionary entrepreneurs who refuse to be defined by adversity, but rather by their relentless courage to adapt and charge forward”, he added.

Since its founding in 2003, the Golden Bull Award has stood as a benchmark of SME excellence across Asia. With expansion into new Asia Pacific markets on the horizon for 2026, it continues to spotlight the region’s most inspiring business stories.

For more information on the award criteria, past winners, and nomination details, please visit the official Golden Bull Award website https://goldenbullaward.asia/

LIST OF WINNERS OF THE GOLDEN BULL AWARD 2026 IN ALPHABETICAL ORDER

SUPER GOLDEN BULL CATEGORY

  1. AA AVIATION SDN BHD
  2. AIMS DATA CENTRE SDN BHD
  3. BEYOND2U SDN BHD
  4. COSMOS INTERNATIONAL CONSULTANCY SDN BHD
  5. HS HOHAN COMMERCIAL VEHICLES SDN BHD
  6. POLYTAINER INDUSTRIES SDN BHD
  7. TONG WOH ENTERPRISE SDN BHD
  8. TSA GROUP BERHAD

OUTSTANDING BULL AWARD

  1. A PLUS BOSS SDN BHD
  2. ABSOLUTION SYSTEM INTEGRATION SDN BHD
  3. AI PIXEL ENGINEERING SDN BHD
  4. AM LIFE INTERNATIONAL SDN BHD
  5. ANGSANA TUNAS SDN BHD
  6. ATHROTECH SDN BHD
  7. ATITA
  8. BE EDUCATION SDN BHD
  9. BEARBOOM INTERNATIONAL SDN BHD
  10. BEUTEA HOLDING SDN BHD
  11. BIO SYNERGY LABORATORIES SDN BHD
  12. BIOCHEM LABORATORIES SDN BHD
  13. BSSK LOGISTICS SDN BHD
  14. BWS SALES & SERVICES SDN BHD
  15. CEE INDUSTRIES SDN BHD
  16. CHEAPER CONNECTIONS SDN BHD
  17. CLG CONSTRUCTION SOLUTIONS SDN BHD
  18. CNECC ENGINEERING (MALAYSIA) SDN BHD
  19. CNI ENTERPRISE (M) SDN BHD
  20. CODEME PRO SDN BHD
  21. COMPLETE ELV & ICT SOLUTIONS SDN BHD
  22. DCG HOLDING SDN BHD
  23. DE SOLAR SDN BHD
  24. DNF CABLE SDN BHD
  25. DOUBLE E RESOURCES SDN BHD
  26. DUNIA SERIMAS SDN BHD
  27. EC BINA SDN BHD
  28. ECO GREENBUILD INDUSTRIES SDN BHD
  29. ENCA CONSTRUCTION SDN BHD
  30. FIRST TOUCH BOOKS & STATIONERY SDN BHD
  31. GLOBALINK METAL SDN BHD
  32. GOLDCOIN STARHILL SDN BHD
  33. GOPENG KALTECH SDN BHD
  34. GREEN HUT FARMING SDN BHD
  35. GREENDEX SDN BHD
  36. GUESTONIC PROPERTY MANAGEMENT SDN BHD
  37. HOYIYO SHOP INTERNATIONAL SDN BHD
  38. HYBRID SOLUTION INTEGRATOR SDN BHD
  39. IK TRANS LOGISTICS SDN BHD
  40. INTERNATIONAL RESOURCES & SUPPLY SDN BHD
  41. JET ENGINEERING SOLUTIONS SDN BHD
  42. JIN SAN CONCRETE SDN BHD
  43. JJ EXPRESS SERVICES SDN BHD
  44. JN AGRICULTURE DEVELOPMENT ENTERPRISE
  45. KIMAGRI CORPORATION SDN BHD
  46. LIEP HONG TRADING & TRANSPORT SDN BHD
  47. LUXURY SLEEP (M) SDN BHD
  48. M.M.B. MARKETING COMPANY SDN BHD
  49. MAHA SAWIT SDN BHD
  50. MARINE DIESELCARE ENGINEERING SDN BHD
  51. MAVERICK EDUCATION SDN BHD
  52. MMX SOLUTIONS SDN BHD
  53. MODULAR SCALE SDN BHD
  54. MS REFRIGERATION SUPPLY SDN BHD
  55. MULTIVEST ENGINEERING SDN BHD
  56. MYSLEEP
  57. NEW EDGE SAFETY DOOR (HQ) SDN BHD
  58. NEW KC TRADING SDN BHD
  59. ONE AUTO WORLDWIDE (M) SDN BHD
  60. ORGABIO MANUFACTURING SDN BHD
  61. PARTSASIA SPARE SDN BHD
  62. PHP GROUP SDN BHD
  63. POLY EDGE SDN BHD
  64. QUADROS DESIGN SDN BHD
  65. RIMS AUTO SUPPLIES SDN BHD
  66. ROCK MAESTRO SDN BHD
  67. SC SYSTEMS SDN BHD
  68. SENI JAYA CORPORATION BERHAD
  69. SHIELD FLOOR SDN BHD
  70. SIS INTEGRATED SDN BHD
  71. SKY MEDIC GROUP HOLDING SDN BHD
  72. SOLARLINK ENERGY SDN BHD
  73. SPR MICROTECH SDN BHD
  74. SRI UTARA HOLDING (M) SDN BHD
  75. STORE N GO SDN BHD
  76. SUPER EDUCATIONAL ALLIANCE SDN BHD
  77. SURIA SINAR SDN BHD
  78. SWEET HOME INTERNATIONAL SDN BHD
  79. SYARIKAT CENTRAL BOLTS & NUTS SDN BHD
  80. TECHNOLGENT SDN BHD
  81. TECHOM METAL SDN BHD
  82. TEKUN CONCRETE (M) SDN BHD
  83. TRANSWAYS LOGISTICS (M) SDN BHD
  84. TYNOX INTERNATIONAL SDN BHD
  85. UNITED ENGINE PARTS SDN BHD
  86. V CRITICAL ENGINEERING SDN BHD
  87. V FIFTH GROUP SDN BHD (VF PROPERTIES)
  88. V-WORK SDN BHD
  89. VILLY TRADING (M) SDN BHD
  90. WEB 123 SDN BHD
  91. XIN MARKETING (M) SDN BHD
  92. YDG VENTURE SDN BHD
  93. YUNA GROUP SDN BHD
  94. ZEN VISION GROUP SDN BHD

EMERGING BULL AWARD

  1. ACMETRONICS AUTOMATION SDN BHD
  2. AIREMAR WORLDWIDE SDN BHD
  3. ANC HUB TAX ADVISORY SDN BHD
  4. APGO SDN BHD
  5. BEYOND LIMITS CONSULTANCY SDN BHD
  6. BULLIONAIRE INTERNATIONAL SDN BHD
  7. CARDIOSCAN MALAYSIA SDN BHD
  8. CATALYST EDGE AI SDN BHD
  9. EASY COR ADVICE SDN BHD
  10. ECENTRA SDN BHD
  11. EDU ACTION SDN BHD
  12. ENVICION STUDIO SDN BHD
  13. FENCELINER SDN BHD
  14. GAN & SONS PROPERTY SDN BHD
  15. HERAMIX ENTERPRISE
  16. HM RESOURCES MANAGEMENT SDN BHD
  17. I&M SUCCESSION ADVISORY PLT
  18. INSPIREN NETWORK SDN BHD
  19. JD SMART INFINITE SDN BHD
  20. KBM APEX BERHAD
  21. KC ASSOCIATES (M) SDN BHD
  22. KENT CONCEPT SDN BHD
  23. LEO GLOBAL MARINE SDN BHD
  24. LEVANZO MARKETING (M) SDN BHD
  25. LOGICAL ASIA SDN BHD
  26. MR ROVER AUTO PARTS SDN BHD
  27. ONEFIT STUDIO (M) SDN BHD
  28. OPEN RE SDN BHD
  29. RC RENOVATION CONTRACTOR
  30. SENG LI COOLING PART SDN BHD
  31. SHANZHI CHEMICAL SDN BHD
  32. SHIELDO WATERPROOFING SPECIALIST SDN BHD
  33. SK GLOBE BUSINESS CAPITAL SDN BHD
  34. SL SYSTEM & AUTOMATION (M) SDN BHD
  35. SONGHUA TRANSPORTATION SDN BHD
  36. STOLZ ENGINEERING SDN BHD
  37. SUNNY HOMES DEVELOPMENT SDN BHD
  38. SWEET RENT SDN BHD
  39. SYN MOH SENG TRADING
  40. TR AUTISM BEHAVIORAL CENTER SDN BHD
  41. TWH GALLERY SDN BHD
  42. VINCI CAPITAL ADVISORY SDN BHD
  43. VIRTUAL ECONOMY TECHNOLOGY SDN BHD
  44. VSB ACADEMY SDN BHD
  45. YCE MANAGEMENT SDN BHD

DISTINGUISHED BULL AWARDS

  1. ALAM-CON SDN BHD
  2. ALLIED FORKLIFT (M) SDN BHD
  3. AN JU GLOBAL SDN BHD
  4. APPLE VACATIONS SDN BHD
  5. ARMADA AUTO PARTS GROUP BERHAD
  6. CHEVIN SDN BHD
  7. CHIANG HENG GOLD & DIAMOND SDN BHD
  8. EI POWER TECHNOLOGIES SDN BHD
  9. ENGENIOUS SOLUTIONS SDN BHD
  10. FITLINE (M) SDN BHD
  11. FOREWARD REALTY SDN BHD
  12. GOLDSOFT SDN BHD
  13. KOIKE (M) SDN BHD
  14. L & H CONSULTANCY SDN BHD
  15. LMS EDUCATION HOLDINGS SDN BHD
  16. MERRY HORTICULTURE INTERNATIONAL (M) SDN BHD
  17. PESONA METRO SDN BHD
  18. PMX DELIGHT HOLDING SDN BHD
  19. REZO GROUP SDN BHD
  20. SIACON TECHNOLOGY SDN BHD
  21. SWAP LOGISTICS DISTRIBUTION SDN BHD
  22. TOGL TECHNOLOGY SDN BHD

DIGITAL 50 AWARDS

  1. ALFA-BANK
  2. ALLIED FORKLIFT (M) SDN BHD
  3. ARMADA AUTO PARTS GROUP BERHAD
  4. BEYOND2U SDN BHD
  5. BULLIONAIRE INTERNATIONAL SDN BHD
  6. GOLDSOFT SDN BHD
  7. JIN SAN CONCRETE SDN BHD
  8. MMX SOLUTIONS SDN BHD
  9. OPEN RE SDN BHD
  10. ROCK MAESTRO SDN BHD
  11. SWAP LOGISTICS DISTRIBUTION SDN BHD
  12. TEKUN CONCRETE (M) SDN BHD
  13. V-WORK SDN BHD
  14. VIRTUAL ECONOMY TECHNOLOGY SDN BHD
  15. ZEN VISION GROUP SDN BHD

GOLDEN BULL INSPIRATIONAL ENTREPRENEUR AWARDS

  1. A PLUS BOSS SDN BHD – DATO’ JOE YEW SIN YOO
  2. ANGSANA TUNAS SDN BHD – MR. KESTER BOON KAI ONN
  3. ARMADA AUTO PARTS GROUP BERHAD – DATO’ MIKE TEH YOONG HOW
  4. ATHROTECH SDN BHD – MR. JEFF LUAH
  5. ATITA – MR. HUI CHAN YEW
  6. BEYOND2U SDN BHD – MR. TAN TI CHYUAN
  7. BIOCHEM LABORATORIES SDN BHD – MS. CARIS LEONG SHIAU PING
  8. CHEAPER CONNECTIONS SDN BHD – MR. CALVIN HEW YUEN PENG
  9. CLG CONSTRUCTION SOLUTIONS SDN BHD – MR. CHIN LEE GUAN
  10. COSMOS INTERNATIONAL CONSULTANCY SDN BHD – MR. SUBHA SATHIAMOORTHY MARAIAH
  11. EC BINA SDN BHD – MR. ERIC CHIA
  12. ECO GREENBUILD INDUSTRIES SDN BHD – MR. LOO MENG HAW
  13. ENCA CONSTRUCTION SDN BHD – DATUK TAY AH HUAT
  14. GREEN HUT FARMING SDN BHD – DR. FRANCIS WONG KING WEE
  15. HM RESOURCES MANAGEMENT SDN BHD – MS. NICOLE TAN LEE HONG
  16. I&M SUCCESSION ADVISORY PLT – MR. MARVIN CHONG
  17. INTERNATIONAL RESOURCES & SUPPLY SDN BHD – MR. TEH HAU WEI, SHAUN
  18. JET ENGINEERING SOLUTIONS SDN BHD – MR. JUSTIN PAPU
  19. JIN SAN CONCRETE SDN BHD – MR. BENJAMIN GUNG SIE KAI
  20. JN AGRICULTURE DEVELOPMENT ENTERPRISE – MR. NELSON NG NYE SHEONG
  21. KENT CONCEPT SDN BHD – MR. KENT HANG SHENG JEAN
  22. KOIKE (M) SDN BHD – MR. NA CHIN TEONG
  23. L & H CONSULTANCY SDN BHD – MR. LAW WAH SING
  24. MARINE DIESELCARE ENGINEERING SDN BHD – MR. DESMOND TOH KIM HOW
  25. ONEFIT STUDIO (M) SDN BHD – MS. NG SIEW LING
  26. OPEN RE SDN BHD – DR. LIN HORNG SHENG
  27. PARTSASIA SPARE SDN BHD – IS. DR. KENDRICK WONG HOI SANG
  28. PESONA METRO SDN BHD – MR. WIE HOCK BENG
  29. SIACON TECHNOLOGY SDN BHD     – DR. SIA TIAN POH
  30. SK GLOBE BUSINESS CAPITAL SDN BHD – MR. SATHIS KUMAR MUNIANDY
  31. SKY MEDIC GROUP HOLDING SDN BHD – MR. JEEVANAND A/L MUNIANDY
  32. SRI UTARA HOLDING (M) SDN BHD – MR. TAN YAM HONG
  33. STORE N GO SDN BHD – MR. TEE KEE LION
  34. TECHNOLGENT SDN BHD – MR. DAVID VONG LIEW
  35. TECHOM METAL SDN BHD – MR. TAN YEOW CHUAN
  36. TEKUN CONCRETE (M) SDN BHD – MR. VINCENT LEE BOON GIAP
  37. TOGL TECHNOLOGY SDN BHD – MR. ROY LIM
  38. TRANSWAYS LOGISTICS (M) SDN BHD – DATO’ ALAN TAN
  39. TSA GROUP BERHAD – MR. CHEW KUAN FAH
  40. V CRITICAL ENGINEERING SDN BHD – MR. WILLIAM CHEN
  41. YDG VENTURE SDN BHD – MR. TAN SOO KHIANG
  42. ZEN VISION GROUP SDN BHD – MS. CHERYL CHONG XIAO LIN

HAPPIEST WORKPLACE CERTIFICATION

  1. BEYOND2U SDN BHD
  2. CHIANG HENG GOLD & DIAMOND SDN BHD
  3. ENGENIOUS SOLUTIONS SDN BHD
  4. JET ENGINEERING SOLUTIONS SDN BHD
  5. SKY MEDIC GROUP HOLDING SDN BHD
  6. SWAP LOGISTICS DISTRIBUTION SDN BHD

About SAMENTA

Established in 1986, SAMENTA is Malaysia’s oldest and largest association of SMEs, with over 5,500 members across the country. A multi-racial, multi-sector association, SAMENTA has been at the forefront of championing a SME-friendly business environment and connecting SMEs to regional and global opportunities.

About Business Media International

Business Media International is a subsidiary of Audience Analytics Limited (1AZ.SG), a regional leader in promoting growth for companies in Asia through data-driven brands and initiatives. BMI owns renowned media brands such as SME Magazine, HR Asia, Capital Asia, Energy Asia, Logistics Asia, TruthTV, and CXP Asia as well as business impact assessment brands such as SME100, HR Asia Best Companies to Work for in Asia, Golden Bull Awards and CXP Asia Best Customer Experience Awards. BMI also organises various exhibitions and has the proprietary software-as-a-service — Total Engagement Assessment Model – in its portfolio.

Media Contact:
Adrian Cheng
Marketing Manager
Business Media International
Mobile No.: 012-2692701
Email: adrian@businessmedia.asia

Synology® introduces DiskStation neo+ Series lineup, delivering high performance with accessible budget options

HONG KONG, Aug. 7, 2026 /PRNewswire/ — Synology launched the DiskStation neo+ Series, comprising the DS1825neo+, DS1525neo+, DS925neo+, and DS725neo+. This new lineup introduces a more accessible memory configuration, allowing customers to easily balance performance and budget requirements.


“Desktop models remain at the heart of our NAS ecosystem,” said Bie-I Chu, Executive Vice President of the Synology NAS Group. “As memory market dynamics shift, the neo+ Series reinforces our commitment to accessibility, giving customers the freedom to scale hardware according to their immediate budget and future growth.”

Affordable entry point

Built on the same platform as the DS Plus Series, the new neo+ models feature 4GB non-ECC DDR4 SODIMM memory as their default configuration, making the series significantly more affordable for users upfront.

The neo+ Series will coexist alongside the standard DS Plus Series models, providing a broader range of flexible choices in response to market dynamics.

Uncompromising performance

The new lineup is equipped with built-in M.2 slots for SSD caching and 2.5GbE ports, with storage capacity expandable through the DX525 expansion unit. In addition, the DS1825neo+ and DS1525neo+ feature PCIe 3.0 slots for optional 10GbE or 25GbE network adapter cards for further expansion.

To ensure a highly diverse upgrade path for the future, these models fully support existing ECC memory upgrade options, allowing users to expand their capacity up to 32GB as their workloads grow.[1]

Comprehensive DSM capability

Powered by Synology DiskStation Manager (DSM), the neo+ Series delivers comprehensive solutions for data sharing, synchronisation, backup, and surveillance. Synology Drive turns the system into a private cloud with cross-platform access and site-to-site synchronisation for distributed teams.

Active Backup Suite protects Windows, Linux, and macOS devices, virtual machines, and cloud accounts, with flexible off-site backup options. Surveillance Station adds an on-premises NVR for multi-site security monitoring.

The Synology DiskStation neo+ Series is now available through Synology’s Hong Kong distribution channels. Please visit the Synology website for more information.

1. Mixing non-ECC and ECC memory modules is not officially supported.

For more information, kindly visit: https://www.synology.com/zh-hk 

About Synology®

Staying at the forefront of data management, Synology innovates and adapts to ever-evolving technologies, and continues bringing new possibilities to the table, including but not limited to solutions for data storage and backup, file collaboration, video management,and network infrastructure – all designed with one goal in mind – presenting a centralized platform to simplify IT administration while driving digital transformation for businesses worldwide.

Contact Us: https://www.synology.com/en-global/company/contact_us 

From Solo Escapes to Group Getaways: Agoda Reveals Where Indian Travelers Are Considering Next

SINGAPORE, Aug. 7, 2026 /PRNewswire/ — Digital travel platform Agoda unveils the top locations Indian travelers are keen to explore in the 2026 late summer travel season, with distinct choices based on group size. Agoda’s latest accommodation search data highlights that metropolitan cities continue to feature prominently in solo travellers’ searches, reflecting an interest in flexibility, urban experiences, and independent travel. Meanwhile, group travellers are searching for hill stations, pilgrimage destinations and leisure escapes, pointing to trips centred around shared experiences, relaxation, and spending time with family and friends

Solo Travellers Balance Urban Experiences with Cultural and Nature-led Escapes

Metropolitan cities continued to appear across solo traveller destinations of interest, based on Agoda accommodation searches. Mumbai and New Delhi occupy the top two positions, reflecting their appeal as destinations offering accessibility, vibrant food and nightlife, and the flexibility to explore independently.

Udaipur, with its lakeside palaces and walkable old city, continues to appeal to those seeking heritage experiences, while Tirupati reflects steady demand for solo pilgrimage travel to one of India’s most visited pilgrimage sites. Leh, Munnar and Srinagar highlight growing interest in Himalayan landscapes, tea-country retreats and houseboat stays for travellers seeking slower-paced, solo scenic experiences.

Together, these shifts show that solo travellers are balancing fast-paced city breaks with heritage, spiritual and nature-focused experiences, reflecting a desire for journeys that combine exploration with personal enrichment, mindfulness and meaningful cultural connections.

Group Travellers Prioritise Shared Experiences Across Nature, Leisure and Spiritual Destinations

Puri reflects its enduring appeal as a coastal pilgrimage destination centred around the Jagannath Temple, while Rishikesh, Haridwar and Ujjain underscore sustained interest in destinations with spiritual and cultural significance.

Hill stations including Nainital, Mussoorie and Shimla continue to attract families and groups seeking cooler climates and mountain escapes. Meanwhile, Wayanad points to growing interest in nature-based destinations that offer a slower, more relaxed pace of travel.

Overall, the data highlights a preference for destinations that cater to shared experiences, whether through scenic escapes, spiritual journeys or leisurely getaways. These choices reflect a growing desire to spend quality time together, create lasting memories and enjoy experiences that appeal to travellers across different age groups and interests.

Gaurav Malik, Country Director, Indian Subcontinent & Indian Ocean Islands, Agoda, said “Travel preferences are becoming increasingly personal, with solo travellers drawn to destinations that offer relaxation, self-discovery and flexibility, and groups keen to visit places to create shared memories. Goa in particular has enduring appeal, emerging as a top area of interest for both solo travellers and groups alike. As travellers seek experiences that are uniquely their own, Agoda remains committed to making it easy to discover and book the right stays, flights and activities at great value for every kind of journey.”

Agoda offers access to more than 6 million holiday properties across a wide range of price points and accommodation types, alongside over 130,000 flight routes and more than 300,000 activities that can be booked together in one place. Travellers can explore and book their next trip through the Agoda mobile app or by visiting Agoda.com.

Solidion Technology Achieves Dramatic Balance Sheet Improvement, Increased Revenues

Private Placement Eliminates Balance Sheet Overhang and Alleviates Previously Disclosed Going Concern Doubt

DALLAS, Aug. 7, 2026 /PRNewswire/ — Solidion Technology Inc. (“Solidion” or the “Company”) (Nasdaq: STI), an advanced battery technology solutions provider, today has released Second Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion and additional information can be found in Solidion’s Form 10-Q, filed with the Securities and Exchange Commission, August 6, 2026 (the “Form 10-Q”). This earnings release should be read together with the information contained in the Form 10-Q.

Previously Announced Recent Business Highlights   

Business Development

  • Successful demonstration of a high-power 9.5Ah pouch cell designed for industrial and military drone applications. The prototype delivered exceptional power stability, retaining approximately 95% of its capacity at a 10C discharge rate, a significant improvement over typical market pouch cells, which average 78% retention at 5C. Solidion expects to make the pouch cell commercially available in Q2 2026. Solidion is working toward commercial availability of the pouch cell and will provide updates as development progresses.
  • The Company unveiled its new PEAK Series, an advanced UPS battery system engineered specifically for AI data centers, leveraging the Company’s high-performance 5500 silicon-carbon anode cell. The system delivers up to 30% space savings, significantly lower total cost of ownership, and up to three times longer life than conventional backup solutions. Commercial availability is expected in 2026, with Solidion currently working with select data center partners on early integration and testing.

Technological Advancements, Business Development and Corporate Updates:

  • $35 Million Private Placement (June 7, 2026): Solidion announced a securities purchase agreement with a new institutional investor for 750,000 shares of common stock and pre-funded warrants to purchase 1,583,000 shares in a private placement priced above market under Nasdaq rules, generating $35 million in gross proceeds and closing on June 9, 2026. Net proceeds are earmarked to accelerate commercialization of the Company’s patented Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance prototype development, and support general working capital needs, with Titan Partners, a division of American Capital Partners, serving as sole placement agent.
  • Gen-ECB / Space Battery Technology (June 4, 2026): Solidion unveiled its patented Generation Extreme-Climate Battery (Gen-ECB) platform, engineered to power satellites, LEO-based AI data centers, crewed spacecraft, and future lunar infrastructure as commercial space activity accelerates. The technology leverages graphene’s thermal conductivity and radiation resistance to actively manage cell temperature, enabling reliable operation from −80°C to +60°C and demonstrating over 500 charge cycles at −40°C — a key durability benchmark for missions like NASA’s Artemis program. Paired with the Company’s silicon-rich solid-state, anode-less lithium metal, and lithium-sulfur chemistries (targeting 380+ Wh/kg), the platform positions Solidion — backed by its 385+ patent portfolio — to supply high-reliability, domestically sourced power storage for satellites, Starship operations, and lunar surface systems, diversifying its revenue opportunity alongside its existing EV and AI data center UPS markets.
  • The Company previously announced that it has entered into a non-binding Memorandum of Understanding with an entity that manufactures and distributes energy storage systems.
  • The Company has been awarded a grant to advance research and development of Electrochemical Manufacturing of High-Performance Graphite Based on Biomass-Derived Carbon. This award is one of the projects funded by ARPA-E, the Advanced Research Projects Agency, from their highly competitive OPEN program.
  • The Company has been awarded a grant to scale up the synthesis of a carbon-nanosphere material that will be used as an anti-corrosive additive in molten-salts-based heat transfer fluids for advanced molten salt nuclear reactors from the U.S. Department of Energy (DOE).
  • The Company has been awarded a grant to develop an advanced fiber-based electronic battery system built on a coaxial carbon nanotube (CNT) yarn architecture from the U.S. Department of War/Army STTR Program.
  • Solidion Technology completed a major restructuring of its August 2024 equity financing, eliminating all Series C and D Pre-Funded Warrants, along with the corresponding derivative liability, significantly strengthening the balance sheet and reducing future dilution risk. Long-term investors Madison Bond LLC and Bayside Project LLC converted their entire warrant allocation into common stock, and agreed to lock-up restrictions on those shares, subject to certain exceptions, which supports shareholder alignment and Solidion’s long-term growth strategy.

CEO Statement:

“Solidion’s much improved balance sheet reflects the commitment of long term shareholders and reaffirms the strategy of building an organization that can compete revenue wise,” said Jaymes Winters, Chief Executive Officer of Solidion Technology.

Q2 2026 Financial Highlights

  • $27.7 million in cash and cash equivalents at June 30, 2026, compared to $0.2 million at December 31, 2025. Following the completion of the private placement, the substantial doubt about the Company’s ability to continue as a going concern previously disclosed has been alleviated.
  • $124,914 in revenue from government grants and delivery of Solidion’s proprietary silicon anode products.
  • $1.4 million loss from continuing operations, reflecting decreased spending on professional services and other public company expenses.
  • Net Loss of $2.9 million, or $0.35 per basic share, including a non-cash loss of $0.9 million related to change in fair value of derivatives.

See below for additional information on Solidion’s operational results:

Summary of Statements of Operations for the Three Months Ended June 30, 2026 and 2025

For the Three Months
Ended

June 30,

2026

2025
(Restated)

Net sales

$

124,914

$

4,000

Cost of goods sold

2,327

Operating expenses

1,492,251

1,788,797

Total other expense

(1,519,419)

(326,735)

Net loss

$

(2,886,756)

$

(2,113,859)

Net Sales

Net sales increased by $120,914 for the three months ended June 30, 2026, to $124,914, compared to $4,000 for the three months ended June 30, 2025. The increase was primarily attributable to government grant revenue recognized during the period.

Operating Expenses

Operating expenses decreased by $296,546 for the three months ended June 30, 2026. This decrease was primarily driven by lower general and administrative costs, including reduced personnel and professional services expenses. Additionally, there were decreased research and development costs, including personnel expenses associated with the commercialization of our battery cell products and third-party validation testing of our proprietary silicon anode.

Other Income (Expense)

Other expense increased by $1,192,684 for the three months ended June 30, 2026. This increase was largely driven by a loss of $917,780 due to a change in the fair value of derivative liabilities related to the Forward Purchase Agreement and warrants related to the March private placement financing, compared to a loss of $216,150 in the three months ended June 30, 2025. Other expense for the quarter also included a $549,915 non-cash write-off of deferred offering costs associated with a registration statement the Company withdrew in June 2026, and interest expense of $153,597 primarily related to the Company’s short-term notes.

About Solidion Technology, Inc.

Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion’s (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems, including UPS systems serving the artificial intelligence (AI) data center market and electric vehicles for ground, aerospace, and sea transportation. Solidion holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane gas free and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.

For more information, please visit www.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

SINGAPORE, Aug. 7, 2026 /PRNewswire/ — Seaspan Corporation Pte. Ltd. (“Seaspan”), a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in China’s domestic bond market.

The three-year private placement note was issued on July 15, 2026, with a coupon rate of 2.50% per annum. The offering was oversubscribed by Chinese onshore and international investors with a book coverage ratio of 2.3 times.

The transaction is a significant milestone for Seaspan as the first international ship owner and operator to successfully access the Panda Bond market.

Beyond establishing a new funding channel, the transaction supports Seaspan’s strategy to diversify its sources of capital and broaden its access to unsecured debt, strengthening the company’s ability to invest in its fleet, pursue growth opportunities, and create long-term value for customers and stakeholders.

“The issuance demonstrates the confidence that investors have in Seaspan’s credit quality, business model, strong financial profile, and sustainable growth strategy,” said Andreas Brauch, Chief Financial Officer. “Expanding our access to China’s domestic capital markets further diversifies our funding sources and improves our access to cost-efficient capital, enhancing our long-term growth objectives to support our customers with one of the world’s largest and most modern fleets.”

The Panda Bond issuance marks an important highpoint in Seaspan’s participation in Chinese capital markets, where the company has strategic partnerships across the maritime ecosystem, including chartering, shipbuilding, financing, and maritime services.

About Seaspan Corporation Pte. Ltd.
Seaspan is the world’s leading maritime asset-owner and operator focused on long-term, fixed-rate leases to the world’s most prominent shipping lines. As of June 30, 2026, Seaspan’s operating fleet consisted of 247 vessels, pro forma for undelivered newbuilds (including four Pure Car, Truck Carriers, five Very Large Ethane Carriers and four Open Hatch Gantry Crane vessels), with a total fleet capacity of approximately 2.5 million TEU on a fully delivered basis. 

Media Contact: Cailey Murphy, Head of Corporate Communications, Seaspan Corporation Pte. Ltd., communications@seaspancorp.com

Metalpha Reports Breakthrough in Total Assets for FY2026 Amidst Market Volatility

HONG KONG, Aug. 7, 2026 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) (the “Company” or “Metalpha”), through its subsidiaries, is a global leading provider of blockchain and trading technology solutions, with a strong emphasis on the digital asset ecosystem. The Company today announced its audited financial results for the fiscal year ended March 31, 2026.

FY2026 Annual Results Highlights

For the fiscal year ended March 31, 2026, Metalpha demonstrated remarkable resilience in a challenging and volatile market. The Company achieved a revenue of $37.1 million and maintained continuous profitability. The Company’s total assets nearly doubled to $485.6 million, underscoring its massive business scale and deep liquidity reserves.

By leveraging diversified structured derivative solutions and rigorous hedging and liquidity strategies, the Company effectively managed risk exposures while delivering stable, risk-adjusted solutions for its clients.

“Fiscal year 2026 was a testament to our resilience and strategic foresight,” said Adrian Wang, CEO of Metalpha. “Despite industry-wide volatility, our robust hedging strategies and diverse product offerings successfully mitigated downside risk for our clients and helped them achieve enhanced returns on their investments. Furthermore, our increased investment in top talent and core team expansion is a deliberate, forward-looking move. We are building a world-class team and a fortified compliance infrastructure to capture the immense opportunities ahead and deliver long-term value to our shareholders.”

The Company filed its annual report on Form 20-F for the fiscal year ended March 31, 2026 (the “2026 Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”) on Aug 6, 2026. The 2026 Annual Report contains the Company’s audited financial statements for the fiscal year ended March 31, 2026, and is available on the SEC’s website at www.sec.gov.

About Metalpha

Metalpha Technology Holding Limited (NASDAQ: MATH) is a global leading provider of blockchain and trading technology solutions, with a strong emphasis on the digital asset ecosystem. At the core of our operations is a principal-based proprietary trading model, where we engage in strategic, own-account trading of cryptocurrencies and other digital assets. We complement this with highly customized blockchain-related technology solutions and services. With extensive blockchain and traditional fintech expertise, we are dedicated to delivering state-of-the-art technological solutions, including digital asset related management systems, hedging infrastructures, liquidity solutions and institutional grade architectures. We offer highly customized, one-stop solutions to help our customers grow their businesses and are committed to strengthening our position as one of the largest gateways to digital assets in Asia.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause Metalpha’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Betty Zhang
ir@metalpha.finance

FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

The yen has been here before — will history repeat itself, or is this time genuinely different?

LIMASSOL, Cyprus, Aug. 7, 2026 /PRNewswire/ — The Japanese yen remains a widely discussed currency following a coordinated, record-setting US-Japan intervention that began on 30 July. Before the intervention, USD/JPY was trading near ¥164 – a 40-year low for the yen.

The initial intervention weighed on USD/JPY, triggering losses of more than 400 pips (-2.4%) in a single day, with further intervention on 31 July prompting another 200-pip decline. Despite a tentative recovery from ¥155 to approximately ¥158 – the underside of the pair’s 200-day SMA – market participants are understandably on edge, as both US and Japanese officials have said they are prepared to intervene again if needed.

Japan has intervened on several occasions since 2022, but coordinated action with the US has been rare, most notably in the late 1990s and again in 2011. Both prior joint interventions marked turning points in the USD/JPY trend.

The question is why the US and Japan joined forces now. The US involvement was primarily to prevent a destabilising spike in domestic bond yields. As the largest foreign holder of US government debt, Japan typically finances interventions by selling Treasury holdings. To shield the bond market from a sell-off, the US Treasury financed its share by selling euros from reserves to buy yen.

FP Markets Chief Market Analyst Aaron Hill commented: ‘To prevent the yen from weakening further, intervention alone is unlikely to be sufficient. The BoJ would need to get involved, increasing the policy rate a few more times to send a serious signal to the market. But to keep the JPY structurally bid, it would also likely need an exogenous catalyst that incentivises repatriation back into the yen to put this capital to work on home soil. Without this, USD/JPY dip-buyers could emerge and target pre-intervention levels in the not-so-distant future’.

With volatility expected to remain elevated, access to reliable pricing, 24/7 customer support, fast execution, and an experienced customer support team is key. FP Markets offers competitive spreads, a wide range of FX currency pairs, including an extensive selection of JPY pairs, award-winning trading platforms, and timely market commentary to support traders in responding to fast-moving events such as currency interventions.

About FP Markets:

FP Markets is a global, multi-regulated, award-winning broker established in Sydney, Australia in 2005. The broker offers 10,000+ CFD instruments across seven asset classes, available on industry-leading platforms including MetaTrader 4, MetaTrader 5, TradingView, and cTrader.

FP Markets’ regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) in the Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.

For more information, visit www.fpmarkets.com 

/C O R R E C T I O N — Elong Power Holding Limited/

In the news release, Elong Power Holding Limited Announces the Change of Effective Date of its 1 for 45 Share Consolidations, issued 06-Aug-2026 by Elong Power Holding Limited over PR Newswire, we are advised by the company that the seventh paragraph, the pre-split number of shares outstanding sentence, should read as 35 million Class A ordinary shares of a par value of US$0.0128 each and approximately 114,515 Class B ordinary shares of a par value of US$0.0128 each rather than common shares will change from approximately 23 million to approximately 0.51 million as originally issued inadvertently. The complete, corrected release follows:

Elong Power Holding Limited Announces the Change of Effective Date of its 1 for 45 Share Consolidations

BEIJING, Aug. 7, 2026 /PRNewswire/ — Elong Power Holding Limited (Nasdaq: ELPW) (the “Company”), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, announced a share consolidation of the Company’s issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1 for 45 shares (the “Reverse Split”) earlier today. The Company has announced a change of effective date of the Reverse Split. The Reverse Split will take effect at the open of The Nasdaq Stock Market (“Nasdaq”) on August 10, 2026.

On January 6, 2026, the Company held an extraordinary general meeting of the shareholders, and the shareholders approved to implement share consolidations of the Company’s Class A ordinary shares and Class B ordinary shares at any one time or multiple times, at the exact consolidation ratio and effective time as the Board may determine from time to time in its absolute discretion, provided that the accumulative consolidation ratio for all such share consolidations shall not be more than 4000:1, and authorized the Board to implement such share consolidations at any time during a period of up to two years of the date of the meeting. On July 31, 2026, the board approved implementation of the Reverse Split at a ratio of 1 for 45 shares.

The objective of the Reverse Split is to enable the Company to maintain compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), which requires issuers listed on Nasdaq to maintain a closing bid price of greater than $0.10.

Upon the open of trading on August 10, 2026, the Company’s Class A ordinary shares will begin trading on a Reverse Split-adjusted basis, under the same symbol “ELPW” but under a new CUSIP number, G3016G137.

As a result of the Reverse Split, each 45 Class A ordinary shares with a par value of $0.0128 will automatically combine and convert into one issued and outstanding Class A ordinary share with a par value of $0.576. Each 45 Class B ordinary shares with a par value of $0.0128 will automatically combine and convert into one issued and outstanding Class B ordinary share with a par value of $0.576. The Reverse Split will affect all shareholders uniformly and will not alter any shareholder’s percentage ownership interest in the Company, except for minimal changes that may result from the treatment of fractional shares. No action is required by shareholders holding their shares through a brokerage account.

No fractional shares will be issued to any shareholders in connection with the Reverse Split, and each shareholder will be entitled to receive one full Class A ordinary share or Class B ordinary share, as applicable, in the Company in lieu of the fractional share that would have resulted from the Reverse Split.

At the time the share consolidation is effective, the Company’s total issued and outstanding Class A ordinary shares will change from approximately 35 million Class A ordinary shares of a par value of US$0.0128 each and approximately 114,515 Class B ordinary shares of a par value of US$0.0128 each to approximately 0.78 million Class A ordinary shares of a par value of US$0.576 each and approximately 2,545 Class B ordinary shares of a par value of US$0.576 each, respectively. The Company’s authorized shares will be proportionally reduced.

About Elong Power Holding Limited

Elong Power Holding Limited, a Cayman Islands exempted company, is committed to the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. Elong Power is led by Ms. Xiaodan Liu, Elong Power’s Chairwoman and CEO.

Elong Power has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Elong Power offers advanced energy applications and full life cycle services. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.

ForwardLooking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the documents filed with the United States Securities and Exchange Commission (the “SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Elong Power Holding Limited
ir@elongpower.com