NEW YORK, Nov 21, 2025 - (ACN Newswire via SeaPRwire.com) - The Kyrgyz Republic has officially launched the first issuance of its national stablecoin, USDKG, a digital token backed by physical gold and pegged to the US dollar. The launch ceremony took place at the Administration of the President of the Kyrgyz Republic and marks a significant milestone in the nation's digital transformation and economic modernization.The event was attended by Sadyr Japarov, President of the Kyrgyz Republic; Almaz Baketaev, Minister of Finance of the Kyrgyz Republic; and Biibolot Mamytov, CEO of Gold Dollar. During the ceremony, the dignitaries pressed the symbolic “Launch Issuance” button, officially initiating the circulation of 50,140,738 USDKG tokens, each equivalent to one US dollar and fully backed by physical gold.A New Era for Kyrgyz Digital FinanceUSDKG is a gold-backed stablecoin fully supported by the Kyrgyz Republic. Designed as a transparent, secure, and stable digital currency, USDKG combines the reliability of gold with the efficiency of blockchain technology.The launch opens up new opportunities for Kyrgyzstan to strengthen its position in the global financial ecosystem. It lays the groundwork for the development of a Web3 infrastructure - an ecosystem of decentralized services enabling interaction between public and private sectors through blockchain solutions.In addition, USDKG enhances Kyrgyzstan's investment appeal, paving the way for capital inflows and technological partnerships. By introducing a stablecoin backed by real assets, the initiative promotes greater confidence in financial innovation and demonstrates that digital instruments can be underpinned by tangible value while serving the broader economy.Public Oversight and Private ExpertiseThe issuance of USDKG is carried out by a company with 100% state participation, ensuring a high level of investor trust and institutional reliability. Operational control - including gold management - is delegated to a private company registered in the Kyrgyz Republic, under a contractual agreement with the USDKG issuer.This separation of responsibilities ensures independent operational oversight and confirms that USDKG is not classified as a Central Bank Digital Currency (CBDC).A Strategic MilestoneThe launch of USDKG marks a new chapter for Kyrgyzstan as the country confidently enters the era of digital assets while preserving the enduring value of its national wealth - gold.For more information about USDKG and its reserve mechanisms, please visit the official website: www.usdkg.comMedia ContactCompany: USDKGContact: William CampbellWebsite: https://www.usdkg.com/ Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Kyrgyz Republic Launches First Issuance of Gold-Backed Stablecoin USDKG
New York, NY – November 21, 2025 – (SeaPRwire) – The Kyrgyz Republic has officially launched the first issuance of its national stablecoin, USDKG, a digital token backed by physical gold and pegged to the US dollar. The launch ceremony took place at the Administration of the President of the Kyrgyz Republic and marks a significant milestone in the nation’s digital transformation and economic modernization. The event was attended by Sadyr Japarov, President of the Kyrgyz Republic; Almaz Baketaev, Minister of Finance of the Kyrgyz Republic; and Biibolot Mamytov, CEO of Gold Dollar. During the ceremony, the dignitaries pressed the symbolic “Launch Issuance” button, officially initiating the circulation of 50,140,738 USDKG tokens, each equivalent to one US dollar and fully backed by physical gold. A New Era for Kyrgyz Digital Finance USDKG is a gold-backed stablecoin fully supported by the Kyrgyz Republic. Designed as a transparent, secure, and stable digital currency, USDKG combines the reliability of gold with the efficiency of blockchain technology. The launch opens up new opportunities for Kyrgyzstan to strengthen its position in the global financial ecosystem. It lays the groundwork for the development of a Web3 infrastructure – an ecosystem of decentralized services enabling interaction between public and private sectors through blockchain solutions. In addition, USDKG enhances Kyrgyzstan’s investment appeal, paving the way for capital inflows and technological partnerships. By introducing a stablecoin backed by real assets, the initiative promotes greater confidence in financial innovation and demonstrates that digital instruments can be underpinned by tangible value while serving the broader economy. Public Oversight and Private Expertise The issuance of USDKG is carried out by a company with 100% state participation, ensuring a high level of investor trust and institutional reliability. Operational control – including gold management – is delegated to a private company registered in the Kyrgyz Republic, under a contractual agreement with the USDKG issuer. This separation of responsibilities ensures independent operational oversight and confirms that USDKG is not classified as a Central Bank Digital Currency (CBDC). A Strategic Milestone The launch of USDKG marks a new chapter for Kyrgyzstan as the country confidently enters the era of digital assets while preserving the enduring value of its national wealth – gold. For more information about USDKG and its reserve mechanisms, please visit the official website: www.usdkg.com
Gap’s Q3 2025 Financial Results
Gap Inc. (NYSE:GPS) recently released its third-quarter financial results for 2025, revealing a performance characterized by both difficulties and potential. The major apparel retailer disclosed a year-over-year decline in net sales, indicative of persistent struggles within the retail industry. This drop in sales stemmed from various causes, such as evolving consumer tastes and heightened competition from fast-fashion brands. Nevertheless, Gap has demonstrated adaptability by implementing strategic efforts focused on re-energizing its brand and broadening its online footprint. A positive aspect for Gap has been its digital sales, which experienced substantial growth as the company maintains investment in its e-commerce infrastructure. This deliberate emphasis aligns with the wider industry movement towards online retail, a trend accelerated by the global pandemic. The company's recent collaboration with a prominent technology firm, designed to improve its online shopping journey, has also played a role in this expansion. This alliance is anticipated to boost customer interaction and stimulate additional sales in upcoming periods. Beyond its digital growth, Gap is actively optimizing its supply chain to achieve cost reductions and enhance operational efficiency. This undertaking is vital as the company contends with increasing raw material expenses and supply chain obstacles impacting the worldwide retail sector. Financial experts have observed that although Gap's present financial results are strained, the company's strategic adjustments have the potential to set it up for sustained expansion. They do, however, warn that successful implementation will be critical for achieving these prospective advantages. Gap's management expresses continued optimism regarding the future, emphasizing sustainability and inclusivity as fundamental elements of their growth plan. These endeavors are intended not only to appeal to ethically minded consumers but also to distinguish Gap within a competitive marketplace. Moving forward, Gap intends to keep broadening its product range and elevating its customer experience across both digital and physical channels. Utilizing technology and data insights, the company seeks to customize its products and services to address the changing demands of its clientele. To summarize, despite facing considerable obstacles in today's retail landscape, Gap's forward-thinking embrace of digital transformation and strategic alliances could lead to a stronger future. Investors and stakeholders will be keenly observing the progression of these strategies in the upcoming quarters. Footnotes: Gap’s financial statement indicates persistent difficulties in the retail sector. . Online sales have risen substantially as a result of targeted investments. .
Putin declares health ‘fine’ following two-day medical, reportedly bypasses blood pressure test at AI event
Vladimir Putin declared himself to be in good health following a two-day medical examination, despite opting out of a blood pressure screening at an AI event, according to various reports.Appearing at the AI Journey forum in Moscow, Putin, aged 73, received an invitation to test a new AI-powered kiosk that gauges users’ pulse and blood pressure via a fingertip scanner, per reports.The Russian president, accompanied by bodyguards, reportedly informed the audience: "I recently had my annual medical check-up. It spanned two and a half days, including an overnight stay at the clinic. Thank God, everything is fine," he conveyed, as reported by .These comments surfaced amidst persistent speculation concerning Putin's health.At another gathering in Moscow on November 9, observers noted that the leader had a bruised or swollen hand.Ukrainian presidential adviser Anton Gerashchenko posted a close-up image of the president's hand on X, alleging his "veins are bulging" and adding, "There’s something amiss with Putin’s hands."In March, reports indicated that President Zelenskyy had predicted Putin 'will die soon' as speculation mounted regarding him potentially suffering from cancer or strokes.A video from 2022 showing Putin gripping a table during a discussion with defense officials also led some to suggest he was afflicted with Parkinson’s disease or chronic pain.At the forum held on Wednesday, Putin expressed his belief that humans could eventually attain an age of 150 years, as reported by ."It is probably achievable to reach 150," he stated. "But it will always be too little, just like with money — always."This is not the first occasion the Russian leader has reflected on the concept of longevity.During an unrecorded exchange with China’s Xi Jinping and North Korea’s Kim Jong Un at a Beijing summit in September, he was overheard making jokes about biotechnology and organ transplantation."The more you live, the younger you become," he observed. "Perhaps one day, we might even achieve immortality." Digital has sought further comment from the Kremlin.
Legislators warn of intensifying violence in Nigeria, labeling it the ‘deadliest place on earth to be a Christian’
On Thursday, the U.S. House Subcommittee on Africa convened a hearing to address the persecution of Christians in Nigeria, a situation subcommittee Chairman Chris Smith (R-N.J.) characterized as "systematic and accelerating violence against predominantly Christian communities in Nigeria."Lawmakers from both parties questioned administration officials and external experts. Witness after witness detailed the collapse of security, widespread killings, kidnappings, and the impunity that has transformed Africa’s most populous country into what one representative termed "the deadliest place on Earth."Representative Smith, who has consistently raised concerns about the persecution of Christians in the nation, depicted the situation in stark terms.He declared, "Nigeria is ground zero, the focal point of the most brutal and murderous violence in the world today."He deemed the session "a very critical hearing," noting it was his twelfth such hearing and that he has led three human rights delegations to the country.Quoting previous testimony from Bishop Wilfred Anagbe of the Makurdi Diocese, Smith spoke of militants who "kill and boast about it … kidnap and rape and enjoy total impunity from elected officials."He highlighted a June 13 attack in Yola, stating that reports indicated "278 people — men, women and children — were killed in a manner too gory to describe by people shouting ‘Allahu Akbar’ while slaughtering their victims."Smith asserted, "This is not random violence. It is deliberate persecution," adding, "There may be other factors, but religion is driving this."Smith also pointed out that moderate Muslims who speak out against extremists are frequently murdered, underscoring the extent of Nigeria’s "culture of denial."Rep. Sara Jacobs (D-Calif.), the panel’s ranking member, concurred that Nigeria faces devastating insecurity but cautioned against "oversimplistic narratives."She cited overlapping drivers, including farmer-herder conflict and organized banditry, and noted that the 25 girls recently kidnapped in Kebbi state were all Muslim.She stated, "Violence affects everyone," and added, "False narratives erase the real drivers of violence and make it harder to find solutions."Jacobs condemned former President Trump’s remarks about "going into Nigeria guns blazing," describing such rhetoric as reckless and illegal, and arguing that unilateral U.S. military action would be "counterproductive."Jacobs claimed the Trump administration had cut peace-building and conflict-prevention initiatives that previously helped reduce violence—programs, she explained, "that proactively prevented and directly addressed the violence this administration is now concerned about."Rep. John James (R-Mich.) described Nigeria’s crisis in unequivocal terms.He declared, "This is one of the gravest religious freedom crises in the world," and "The deadliest place on earth to be a Christian."He referred to estimates that nearly 17,000 Christians have been killed since 2019, characterizing these murders as "a sustained pattern of religiously motivated violence, often ignored or even enabled by the Nigerian government."Appearing via video from Benue state, Bishop Wilfred Anagbe detailed church burnings, widespread displacement, and the targeting of priests for abduction.Anagbe reiterated, "Nigeria remains the deadliest place on earth to be a Christian," adding, "More believers are killed there annually than in the rest of the world combined."He expressed gratitude for the (CPC) concerning religious freedom violations, but urged that it be reinforced with sanctions and greater humanitarian support for displaced civilians.Two senior State Department officials, Jonathan Pratt and Jacob McGee, defended the administration’s approach while acknowledging the horrific nature of the attacks.Pratt termed the situation "a very serious security problem," stating that the U.S. seeks to "raise the protection of Christians to the top of the Nigerian government’s priorities."McGee further commented, "The levels of violence and atrocities committed against Christians are appalling. … Nigerians are being attacked and killed because of their faith."He drew attention to provisions that can impose the death penalty, labeling them "unacceptable in a free and democratic society."Both officials indicated that the U.S. is developing a plan to "incentivize and compel" the Nigerian government to safeguard religious communities.In one exchange, Rep. Marlin Stutzman (R-Ind.) bluntly asked an expert on Nigeria, "Ma’am, are we frenemies? Are we — what are we?"Oge Onubogu, director of the Africa Program at the Center for Strategic and International Studies, responded, "We’re friends."She added that U.S.–Nigeria engagement must be "from a place of honesty" and that Nigerians "acknowledge something must be done quickly about the levels of insecurity."Onubogu warned, however, that a "narrow narrative that reduces Nigeria’s security situation to a single story" could exacerbate divisions.Stutzman pressed her further, remarking, "If Nigeria’s government cannot stop the violence, they should be willing to ask the international community for help."As the hearing concluded, Smith warned, "The Nigerian government has a constitutional obligation to protect its citizens. If it cannot stop the slaughter, then America — and the world — must not look away."
Putin’s ‘very beautiful’ remark on dancing Russian robot sparks awkward moment at AI conference
Russian President Vladimir Putin was observed with a stern expression as he watched a robot's dance performance at an AI exhibition in Moscow on Wednesday.Video of the display captured the robot attempting to gyrate in front of him, after which the president remarked, "Very beautiful. Thanks," and then departed.This encounter between Putin and the robot, known as Green, quickly became one of the day’s most replayed television moments, even appearing on state TV, according to reports.The demonstration, organized by Sberbank, took place at the with President Putin arriving accompanied by a group of bodyguards.The video also depicted the robot moving toward the Russian leader as it stepped forward to introduce itself to Putin."My name is Green," it stated in Russian. "I am the first Russian humanoid robot with embedded . This signifies that I am not merely a program on a screen but a physical manifestation of technology," Green further elaborated.The footage showed Green proceeding to explain its capabilities, noting, "Over 40 motors and numerous sensors allow me to move fluidly, maintain my balance confidently, and interact safely with people."It requested a virtual assistant to play its favorite track before commencing a set choreographed to the folk-pop song 'The Sun Rose High,' as per Reuters.At one point, a staff member appeared to position themselves between the robot and Putin, seemingly to ensure the choreographed display ran smoothly.This moment in Moscow stood in contrast to another video that went viral days earlier, which featured a different robot named Aidol falling over within seconds of walking onto a stage. Digital has contacted the Kremlin for comment.
Family of ‘genocide’ coiner challenges institute over using his name for Israel war crime accusations
A growing coalition of prominent U.S. rabbis is urging Pennsylvania's Democratic Gov. Josh Shapiro and state officials to review the Lemkin Institute for Genocide Prevention. They contend the group has distorted the legacy of Raphael Lemkin, the Polish Jewish jurist who coined the term "genocide," by using his name to accuse Israel of war crimes.Joseph Lemkin, a New Jersey attorney and nephew of Raphael Lemkin, said the family acted reluctantly but felt compelled after witnessing how the institute’s materials were reaching younger audiences."A combination of factors led us to take formal steps against the Lemkin Institute," Lemkin told Digital. "I had heard about the Lemkin Institute’s disturbing position but initially thought it was best to let the institute continue in anonymity."However, my concern heightened when my then-16-year-old son asked me if I knew about the institute and what they were espousing on social media. I became more apprehensive about the impact the institution's conduct would have on the next generation."I understood I had to do something to let the public know that the Lemkin Institute was not supported by my family. The situation escalated when I connected with Rabbi Margolin of the European Jewish Association. His communication with my family made us realize that this was a far-reaching concern that should be addressed more formally."Raphael Lemkin coined the term "genocide" in 1944 after studying the destruction of European Jewry and helped inspire the 1948 U.N. Genocide Convention. His family states his name was never meant to be used to brand the Jewish state as genocidal, a claim they say inverts his life’s work.The family’s complaint asks Pennsylvania officials to examine the nonprofit’s use of Lemkin’s name in public materials, including its Oct. 13, 2023, "active genocide alert," which labeled Israel as committing genocide just days after the Hamas attacks.Lemkin said the timing of that alert was a critical turning point."The active genocide alert is deeply concerning. It made us realize the horrible agenda of the Institute," he stated. "Merely days after Israelis were killed, raped, tortured, and taken hostage, and with no action yet taken by Israel to defend itself, the alert was issued. This makes it clear that the institute has an anti-Israel agenda and is not genuinely concerned about human rights, and certainly not concerned about attacks on Jews. Whether the institute considers its positions as anti-Semitic … it is clear that its agenda foments antisemitism."In recent weeks, a series of letters from prominent rabbis have been submitted to state officials, reinforcing the concerns raised by the Lemkin family.Rabbi Marvin Hier, founder of the Simon Wiesenthal Center, urged the state to review whether the group’s use of "Lemkin" misleads the public about Raphael Lemkin’s historical mission. Rabbi Aryeh Ralbag, chief justice of the Union of Orthodox Rabbis of the United States and Canada, also weighed in, calling the "genocide" label applied to Israel a distortion of historical truth. Similar letters came from rabbis Yitzchak Lasry and Tal Peretz, along with additional submissions from Rabbis Dana, Ovadia, and Tobali."In terms of rabbis taking a position, I think this is extremely important," Lemkin said. "If an organization uses Raphael's name to distort or invert his legacy, religious and moral leaders have a duty to defend historical truth. … When a revered public figure’s name such as Raphael's is misused, it becomes a form of false witness, which, as I understand it, is contrary to ethical principles."The rabbinic push comes as the Anti-Defamation League reports a surge in antisemitic incidents in the U.S. Rabbis and family members argue that labeling Israel as "genocidal" under Lemkin’s name does more than distort history. It reinforces rhetoric that spills into real-world antisemitism.Lemkin said the connection is clear to him."In terms of feeding narratives to help antisemitism spread, it seems obvious, and I believe it is supported by empirical evidence that spikes in accusations that Israel is committing genocide correlate with surges in antisemitic incidents in the U.S.," he wrote. "From my perspective, using the ‘genocide’ trope against Israel doesn’t advance peace or justice. It just brings back historical trauma. It turns the memory of Jewish victimhood into an accusation against the Jewish people and corrupts a word coined to prevent another Holocaust."Candidly using the word genocide against Israel while ignoring Darfur, Rwanda, and Syria, among others, erodes the moral credibility of human rights activists, spotlighting their true antisemitic motivations."Lemkin also warned that antisemitic and anti-Zionist rhetoric is becoming more mainstream."My view of this political moment – The recent anti-Zionist rhetoric is massively troubling and scary, not only from the streets and campuses but increasingly by elected officials," he said. "What we used to see confined to the fringe extremists is being heard in legislative chambers and political rallies."He said he accepts criticism of Israeli policy but rejects efforts to delegitimize Israel’s existence."When political leaders adopt language condemning Zionism, it is denying Jewish peoplehood itself. Such language by politicians normalizes prejudice and puts our Jewish communities at risk."Asked how his uncle would respond today, Lemkin said, "I think he would be truly pained to see his name or life’s work used to distort his mission. He stood for the protection of all people and especially understood the Jewish people’s right to live in safety and self-determination.""To honor Raphael’s memory," he said, "would be to stay true to his moral clarity by calling out real injustice and to reject rhetoric that twists his legacy and turns his message of hate against those for whom he first spoke."Digital reached out to the Lemkin Institute for Genocide Prevention for comment but did not receive a response.
US, Russia Draft Ukraine Peace Plan Conditioned on Major Kyiv Concessions
A plan to conclude the intense conflict has been devised by the United States and Russia, necessitating significant concessions from Kyiv.The precise nature of all the concessions expected from Ukraine remained undefined, though some involve demands consistently put forth by Moscow since its 2022 invasion of its neighboring country, as reported by The Associated Press, citing an informed source.The framework would also encompass a cessation of hostilities.For a month, U.S. special envoy Steve Witkoff has been discreetly developing the plan, gathering feedback from both Ukrainian and Russian parties regarding mutually agreeable terms, according to a senior U.S. official who spoke to Digital on condition of anonymity, as they were not authorized for public comment.President Donald Trump has received a briefing on the plan and backs it, the source indicated. The official noted that concessions would be required from both parties, not exclusively from Ukraine.White House Press Secretary Karoline Leavitt stated, "President Trump has consistently expressed his desire for the conflict between Russia and Ukraine to cease, and he has become exasperated by both sides' unwillingness to commit to a peace accord. Despite this, the President and his team persevere, and the United States has been crafting a comprehensive and mutually agreeable plan to halt the bloodshed and establish a sturdy, enduring peace."The proposal's current terms, which remain subject to alteration, would entail Ukraine relinquishing territory to Russia and decommissioning specific armaments, as per the individual briefed on the plan's outline.Furthermore, it would involve scaling back a portion of U.S. military aid.Russia would assume command over the entirety of the eastern Donbas region. Russian President Vladimir Putin has designated the capture of the Donbas as a primary objective.Ukrainian President Volodymyr Zelenskyy has consistently rejected the notion of surrendering territory to Russia.Secretary of State Marco Rubio indicated that officials would "persist in formulating a roster of potential concepts" for concluding the war, drawing upon input from both parties.Late Wednesday, he posted on X, "Bringing an end to a convoluted and lethal conflict like the one in Ukraine necessitates a comprehensive interchange of earnest and pragmatic proposals." He added, "And securing a lasting peace will compel both sides to consent to arduous yet imperative concessions."On Thursday, Kremlin spokesman Dmitry Peskov asserted that "no formal consultations are presently occurring" with the U.S. concerning the cessation of hostilities in Ukraine.He informed reporters, "While contacts certainly exist, processes that might be termed consultations are not in progress."Digital has sought comment from the relevant parties.
Mossad and European intelligence agencies coordinate widespread action against Hamas’s global terror network.
Coordinated counterterrorism operations across Europe have revealed what Israeli authorities describe as a substantial network preparing assaults against Israeli and Jewish civilians. This collaborative endeavor involved the Mossad and various European intelligence and law enforcement agencies operating across multiple countries.According to a statement issued on behalf of the Mossad for Intelligence and Special Operations, the dismantled network was part of a broader initiative by Hamas leadership to establish its presence across the continent. Israeli officials refer to this network as the "Hamas Octopus," detailing operational cells, weapons caches, and logistical channels intended to activate attacks "on command."A senior Israeli intelligence official, familiar with the specifics, told Digital, "There are active cells across Europe right now, already on their way to targets, and the public — along with law-enforcement bodies in these countries — must be significantly more alert as this activity continues."One of the crucial discoveries was made in Vienna last September, when Austria’s security and intelligence service (DSN) located a weapons hideout containing pistols and explosive materials. Israeli authorities state the cache belonged to Hamas operative Muhammad Naim, the son of Bassem Naim, a senior Hamas political bureau member in Gaza described as a close associate of Hamas leader Khalil al-Hayya.As European agencies coordinated their investigation, Israeli officials uncovered information linking the Vienna activity to developments outside Europe. Israel noted activity in September between Muhammad Naim and his father. The timing, according to Israel, suggests potential involvement by Hamas leadership abroad in advancing the network’s activities, despite repeated public denials by senior movement figures. Israeli officials further add that such denials may indicate a loss of control over "rogue operatives."The senior Israeli intelligence official asserted, "It is no coincidence that one of the key suspects is the son of one of Hamas’ most senior leaders based in Qatar."The investigation expanded further to Turkey, which Israeli authorities characterize as "a convenient area of activity for Hamas operatives, both past and present." European intelligence services are examining possible Hamas-linked plots tied to operatives moving through. In November, German authorities arrested a prominent figure in the network, Burhan al-Khatib, after a stay in Turkey, "likely after completing his operational activity on European soil," according to Israel.The senior Israeli intelligence official stated that Turkey — despite its friendship with the White House and President Recep Tayyip Erdogan’s close ties with Washington — shows "unmistakable signs of involvement. This includes the arrest in Germany of a Hamas operative who arrived directly from Turkey. Some of the direction and operational guidance is being carried out from inside Turkey, and Turkey’s hosting of Hamas is directly fueling terror activity in Europe."Israeli officials report that the multinational cooperation reflects a growing recognition in Europe of the threat posed by Hamas activity beyond the Middle East. They note that European bodies have recently undertaken additional measures targeting Hamas’ incitement and recruitment networks, including charities and religious institutions used "to raise funds and recruit operatives," with Germany cited as a recent example.The Mossad says it continues to work with partners worldwide to and civilian targets. Since the Oct. 7 massacre, Israel reports that Hamas has intensified efforts to build infrastructure abroad, and that Mossad is working to thwart "dozens of attack plots worldwide."
Analysts Lift TJX Stock Price Target
The TJX Companies, Inc. (NYSE:TJX) recently saw a notable increase in its stock price target following an impressive quarterly performance. The retailer, recognized for its off-price apparel and home fashion stores, reported earnings that surpassed expectations, prompting analysts to adjust their projections upward. TJX’s strong outcomes were driven by a combination of solid sales growth and efficient cost management, highlighting the company’s resilience within a challenging retail environment. During its latest earnings call, TJX announced a substantial rise in net sales, attributing this success to vigorous consumer demand and strategic inventory oversight. The company’s capability to maintain a diverse product range while effectively managing supply chain disruptions proved crucial to its financial accomplishments. This positive earnings report has fueled increased investor confidence, as evidenced by the recent surge in its stock price. Analysts from various financial institutions have lauded TJX’s business model, emphasizing its adaptability and market penetration. The decision to elevate the stock price target is based on the company’s consistent performance and its potential for future expansion. TJX’s dedication to offering value to customers through competitive pricing and quality products has been a key factor in sustaining its market standing. Moreover, TJX’s growth initiatives, including the rollout of new stores and the enhancement of its e-commerce platforms, are expected to further bolster its financial strength. The company’s strategic investments in technology and logistics have also garnered praise, as they are anticipated to improve operational efficiency and the overall customer experience. Despite this optimistic outlook, TJX faces hurdles such as fluctuating consumer spending patterns and global economic uncertainties. However, the company’s robust financial foundation and strategic approaches position it well to navigate these challenges. Investors remain hopeful about TJX’s capacity to achieve sustained growth and profitability over the long term. In summary, the revised stock price target for TJX reflects the company’s strong performance and promising growth prospects. As the retail sector continues to evolve, TJX’s commitment to innovation and customer satisfaction will be vital in maintaining its competitive edge. Stakeholders are closely observing the company’s progress, with expectations for continued success in the upcoming quarters. Footnotes: Following a robust earnings report, analysts increased their price target for TJX.
German Christmas market reopens, almost a year after deadly attack
Almost one year after a deadly car-ramming attack claimed the lives of six individuals, including a child, the Christmas market in , has reopened.Despite speculation that the celebrations might be called off due to security worries stemming from the previous year's tragedy, over 140 vendors commenced operations on Thursday morning. Their offerings range from candles and wool hats to candied almonds and various Christmas delicacies, as reported by , citing the German news agency dpa. Beyond the numerous stalls, the market also features an ice rink and a Ferris wheel."There is hope in our expectations, coupled with the profound respect for the events of last year, and our simple wish is for people to rediscover their ," stated Paul-Gerhard Stieger, managing director of the Magdeburg Christmas Market GmbH, to RTL Television, as per the AP.After last year's incident, the city authorities and market organizers allocated slightly over $288,000 for , according to the AP, referencing dpa. These preventative actions reportedly involve concrete barriers designed to prevent vehicles from accessing the market grounds.On December 20, 2024, a car-ramming attack lasting slightly over a minute resulted in the deaths of five women and one boy, and left multiple others injured. The alleged assailant has been named as Taleb al-Abdulmohsen, a 51-year-old physician from . He came to Germany in 2006 and was granted permanent residency, the AP reported.It is alleged that during the assault, al-Abdulmohsen drove a rented BMW X3 at speeds reaching around 30 mph through the Christmas market.Al-Abdulmohsen's trial commenced last week, and should he be found guilty, he could receive a life sentence. He stands accused of murder in relation to the six fatalities and attempted murder concerning the 338 individuals who sustained injuries. Furthermore, indicates that he is facing charges of inflicting grievous bodily harm upon 309 people.Prosecutor Matthias Böttcher reportedly informed the court that al-Abdulmohsen's actions stemmed from "supposed personal frustration" and that he intended to strike as many people as possible to garner "attention," the AP reported, referencing dpa.
Rigging Accusations Mount as Miss Universe Contestant Falls From Stage
The Miss Universe pageant, already in disarray after two judges tendered their resignations—one citing allegations of a rigged competition and another for "unforeseen personal reasons"—experienced further turmoil when Jamaica's contestant, Gabrielle Henry, fell from the stage during the preliminary evening gown round.Henry was observed walking gracefully across the stage in a sequined orange dress, acknowledging the audience, before her tumble from the main platform during the 2025 competition held in Thailand.The Jamaican organization confirmed that Ms. Henry was swiftly transported to Paolo Rangsit Hospital, where medical professionals are attending to her. The organization stated that she did not sustain any life-threatening injuries following the incident."I was there with her family and her, and thankfully, there are no broken bones and she is under good care. She will remain under observation for the rest of the night and we will remain in touch with her family to support her," Miss Universe pageant president Raul Rocha posted on Instagram, adding that he visited Henry at the hospital. "Our prayers go out for her prompt recovery."Omar Harfouch, a Lebanese-French composer and businessman, resigned from the eight-member jury earlier this week, asserting that a "secret vote" had been conducted to pre-select 30 contestants from the total of 136."This selection was conducted by individuals who are not official members of the jury, myself included. To this day, no one knows who the selected 30 are, except one individual who holds the results," Harfouch declared."I could not stand before the public and television cameras, pretending to legitimize a vote in which I never participated. Some of the countries eliminated through this process could be experiencing war, discrimination, or geopolitical sensitivities. Viewers would assume the jury made these decisions, and I cannot accept responsibility for a process in which I played no part. To pretend otherwise would be dishonest."The Miss Universe Organization (MUO) addressed the allegations in an Instagram post on Tuesday, stating that all its judging procedures for the 74th Miss Universe competition remain "official, transparent, and fully governed by MUO protocols."It further added that no impromptu jury has been established, and no external group has been authorized to evaluate delegates or select finalists.A second judge, former French soccer player Claude Makélélé, announced his withdrawal "due to unforeseen personal reasons.""This was a challenging decision, as I hold Miss Universe in the highest esteem. The platform embodies empowerment, diversity, and excellence — values I have always championed throughout my career," Makélélé conveyed via his account. "I sincerely apologize to the organization, the contestants, and everyone involved, and I hope to contribute again in the future under more favorable circumstances."The final day of the Miss Universe competition is scheduled for Nov. 21.
Netanyahu gives his backing to Israel’s planned death penalty for terrorists, sparking significant public discussion.
A contentious piece of legislation, which proposes capital punishment for Palestinian terrorists and has the backing of Prime Minister Benjamin Netanyahu, has sparked significant public and political discourse. Initially, Netanyahu reportedly withheld public support for the legislation, concerned it might impact hostages in Gaza; however, his spokesperson has since verified his approval. Shosh Bedrosian, the spokesperson for foreign media at the Prime Minister’s Office, stated, "Regarding the death-penalty bill, it is widely known that the prime minister backs this, naturally, as a form of retribution following a fair trial within our legal framework. Anyone who endangers the State of Israel and its populace will suffer repercussions." Limor Son Har-Melech, a coalition lawmaker and the bill's sponsor, informed Digital that "While the law is not yet entirely formulated, our intention is to address the prevalence of terrorist acts against Israeli citizens, and consequently, based on its fundamental tenets, we have stipulated that the law will pertain to individuals who perpetrate terrorist assaults against citizens of the State of Israel." Her party, Otzma Yehudit, has championed the legislation. A document detailing the law's fundamental principles specifies that the sentence "will be implemented by a simple majority, without any room for discretion, without the option to alter the nature of the sentence, and without the possibility of reducing it through a plea bargain or pardon (subject to current legislation)." To avoid holdups, the document further indicates that the execution "will be conducted within 90 days" and will be carried out by the Prison Service "via lethal injection." The document underscores the bill's intended deterrent impact, observing that Israel has frequently been targeted by groups aiming to abduct Israelis for prisoner swaps. For example, a 2011 agreement resulted in the release of 1,027 Palestinian prisoners in exchange for IDF soldier Gilad Shalit, who was abducted in 2005. Yahya Sinwar, the assassinated Hamas leader widely considered the mastermind of the Oct. 7 massacre, was among those liberated in that swap. Itamar Ben-Gvir, Israel's national security minister and head of the Otzma Yehudit Party, informed Digital, "The capital punishment law for terrorists is both essential and profoundly significant. Anyone who has violated our daughters, killed our elderly, or massacred our children forfeits their right to live, their right to draw breath for even a moment. Their rightful sentence is singular: to be hanged." He further remarked, "This legislation is morally and ethically sound, conveying an unequivocal warning to our adversaries: do not provoke us. I will persist in championing this law with all my effort. I will not relent until it is enacted, God willing." Dr. Amir Fuchs, a senior researcher at the Israel Democracy Institute, conveyed to Digital that studies suggest capital punishment does not markedly deter conventional murderers, and its efficacy on terrorists—who already put their lives at risk—might be even more negligible. He additionally pointed out that the law offers no latitude for the court or prosecution, thereby rendering the death penalty compulsory in specific instances. Fuchs declared, "It is extreme and, in my view, unconstitutional. Furthermore, it would not pertain to Jewish terrorists, which is discriminatory." He further elaborated, "The presumption that we will execute tens of thousands of individuals is utterly incorrect. The law is applicable solely to murderers. The notion that implementing the death penalty implies all terrorists will be executed is simply unfounded." Yitzhak Wasserlauf, Israel’s minister for the Negev, the Galilee, and National Resilience, communicated to Digital that the capital punishment law for terrorists holds significance because it aims to halt the abductions of Israelis. Wasserlauf asserted, "The sole method to prevent further kidnappings of Israelis is if there are no longer terrorists available for release in exchange for them." Capital punishment has been invoked merely twice throughout Israel’s history, most notably with the 1962 execution of SS officer Adolf Eichmann, a principal architect of the Holocaust. Yaakov Asher, a United Torah Judaism lawmaker who opposes the proposed legislation, conveyed to Digital that his opposition stems from the tenet of pikuach nefesh, a foundational principle in Judaism that places the sanctity of human life above nearly all other religious precepts. Asher reported, "Rabbi Dov Lando directed us to object, cautioning that merely discussing the matter—let alone legislating it—could instigate a surge of terrorism targeting Jews." He continued, "There is also the halakhic consideration of ‘provoking the nations of the world,’ which necessitates evaluating whether any action would safeguard Jews or, God forbid, jeopardize even one." The Hadash–Ta'al faction in the Knesset, under the leadership of Dr. Ahmed Tibi, released an official declaration condemning the bill as both discriminatory and inflammatory. The statement articulated, "It is evident to us that capital punishment will not act as a deterrent; instead, it will yield the converse outcome and could escalate attacks—an outcome we collectively oppose. Our aim is to foster a political process that will bring the conflict to a close." It further asserted, "All human rights principles and standards inherently reject the death penalty from a humanitarian standpoint." The statement concluded, "Based on our parliamentary and political experience, we recognize that the proposed legislation constitutes nothing short of an act of retribution that exacerbates animosity and fosters an environment of provocation and radicalism among both populations." The bill still necessitates two further readings in the Knesset plenum for approval and remains open to potential modifications prior to that.
OMP Miami Conference 2025: Transforming Supply Chain Vision into REAL Impact with Human-AI Synergy
MIAMI, FL, Nov 20, 2025 - (ACN Newswire via SeaPRwire.com) - OMP, a global leader in supply chain planning solutions, brought together global supply chain executives, technology innovators, and strategic partners at the OMP REAL Conference 2025 in Miami. Held on November 18-19, the event showcased how agentic AI, decision-centric planning, and human-AI collaboration are reshaping the future of supply chain planning. A key highlight was UnisonIQ, OMP's advanced AI orchestration framework, designed to support faster and smarter decisions across global supply chains.Panel discussion at OMP ConferenceTransforming supply chain vision into REAL impact with human-AI synergyFortune 500 leaders share real-world transformation storiesSupply chain leaders from Arxada,AstraZeneca, Beiersdorf, Eastman, Johnson & Johnson, Kraft Heinz, Land O'Lakes, and Visy shared compelling case studies demonstrating tangible results:AstraZeneca outlined how they scaled Unison Planning™ across global operations, implementing decision-centric planning to improve agility and decision confidence in volatile markets.Beiersdorf revealed how AI-driven insights empower planners to make more informed, impactful decisions across their supply chain.Eastman showcased the integration of sustainability into core planning processes, demonstrating how they balance business performance with environmental goals.Participants from Kraft Heinz, Johnson & Johnson, and Land O'Lakes emphasized the growing importance of collaboration and shared innovation as companies work to make supply chains more resilient and adaptive.Agentic AI takes center stageUnder the conference theme ‘REAL - Real expertise. Real solutions. Real results.', attendees explored how AI is transforming supply chain planning. Keynote speaker Kevin O'Marah, Co-Founder and Chief Research Officer at Zero100, delivered bold insights on how agentic and autonomous AI are transforming planner roles and redefining supply chain resilience.The Unison Plaza served as an innovation hub where OMP experts showcased Unison Planning™, including UnisonIQ, the AI orchestration framework, and Unison Companion, its AI assistant. Live demos highlighted how AI-powered decision intelligence delivers always-on visibility, agility, and collaboration across end-to-end supply chains. Strategic alliance partners including Microsoft Azure, Rulex, Nulogy, EY, Deloitte, and Bluecrux showcased ecosystem innovations that accelerate digital transformation across industries.A community united by progress"Our customers are at the forefront of supply chain innovation," said Paul Vanvuchelen, CEO at OMP. "Through human-AI synergy, they are redefining global supply chains with measurable impact across efficiency, service, and resilience. This conference brought our community together and reaffirmed our shared commitment to shaping the future of supply chain planning."About OMPOMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper and packaging - benefit from using OMP's unique Unison Planning™.Contact InformationPhilip VervloesemChief Commercial & Markets Officerpvervloesem@omp.com+1-770-956-2723SOURCE: OMPRelated Images Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Doubleview Gold Corp. Highlights Scandium Potential at Hat Project, a Key Enabler for the Electrification Economy
Vancouver, British Columbia--(ACN Newswire via SeaPRwire.com - November 20, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) ("Doubleview" or the "Company"), is a leading Canadian exploration company that is currently finalizing a Preliminary Economic Assessment (PEA) and updated Preliminary Resource Estimate (MRE) at its Hat Critical and Strategic Metals deposit in the so-called Golden Triangle of northwestern British Columbia. This News Release discusses the importance of Scandium, an important component of the Hat deposit.The Hat deposit hosts significant scandium potential estimated at 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3, representing one of the world's largest undeveloped scandium deposits. Doubleview anticipates releasing results from its 2-year metallurgical analysis program in the immediate future when details are received from its metallurgical consultants and laboratories. The Company anticipates the analysis will confirm high scandium recovery rates and enable its inclusion in the upcoming updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), both of which are expected to be finalized before the end of 2025. As the global shift toward electrification accelerates, scandium emerges as a vital material for enhancing energy efficiency and supporting clean technologies. The Hat Project, with its unique polymetallic profile including copper, gold, cobalt, silver, and scandium, positions Doubleview to contribute significantly to this transition.What is Scandium?Scandium (Sc), (atomic weight 45.10, density 2.5), a close relative of the Rare Earth elements, possesses exceptional properties when alloyed with other metals, particularly aluminum. It is lightweight, corrosion-resistant, and as an alloy is capable of dramatically improving strength, heat resistance, and weldability without adding significant weight. When combined with aluminum, scandium forms alloys that achieve the strength of steel while maintaining the light weight of aluminum, enabling revolutionary applications in transportation, aerospace, and clean energy. Scandium's scarcity, produced in limited quantities globally, primarily as a byproduct, makes it a high-value critical mineral, with prices often exceeding $5,000 per kilogram. Its applications span aerospace, defense, and increasingly, the clean energy sector, where it plays a pivotal role in advancing sustainable technologies. Global scandium resources are dominated by projects in Australia and northern Europe. Canadian deposits potentially can allow diversity of supply within a stable and mature mining jurisdiction.The Hat Project: A Significant Scandium DepositAt Doubleview's Hat Project scandium is hosted by a large scale alkalic porphyry system that is one of the world's very few scandium-bearing deposits. Recent drilling and resource updates, including the maiden Mineral Resource Estimate released in July 2024 and subsequent expansions announced in October 2025, have confirmed an increased footprint and potential volume for the polymetallic deposit. The Hat Deposit is distinguished by its robust mineralization, with scandium occurring with what the Company anticipates being economically viable concentrations of copper, gold, cobalt, and silver. Doubleview's exploration, including mapping and geophysical and geochemical surveys and more than 100 drill holes, has outlined shallow and deep mineralized horizons, that confirm the deposit's scale and its potential to become a leading source of base and precious metals, including not only copper and gold but also cobalt, silver and scandium.Advanced Metallurgy and High Recovery RatesDoubleview has made significant investment in metallurgical test work in support of its Hat Project with the objective of optimizing the efficient extraction and recovery of its component metals. High recoveries will enhance project economics by maximizing value from the ore. Notably, the Company's ongoing metallurgical studies, as highlighted in recent progress updates, will refine these techniques further, ensuring environmentally responsible and cost-effective production.Doubleview believes its Hat deposit's polymetallic nature and physical characteristics offer a unique and very valuable advantage as scandium can be recovered as a secondary product alongside primary gold and copper production. The by-product concept minimizes incremental costs, leveraging the same mining and milling operations to unlock scandium's value. By treating scandium as an enhancement to the core copper-gold operation, Doubleview can achieve diversified revenue streams while maintaining operational efficiency, transforming what could be a standalone challenge into a synergistic opportunity.Scandium's Value in the Electrification EconomyIn the rapidly growing electrification economy, scandium may play a transformative role by enabling lighter, more efficient, and durable materials essential for electric vehicles (EVs), renewable energy systems, and advanced power generation. When alloyed with aluminum, scandium creates super-strong, lightweight composites that reduce vehicle weight by up to 20-30%, extend EV battery range, and improve overall energy efficiency. Outstandingly this is critical for the transportation industry's push toward zero-emission where every gram saved translates to greater sustainability and cost savings.Beyond EVs, scandium as a catalyst is a key component in solid oxide fuel cells (SOFCs), which generate clean electricity from hydrogen or natural gas with high efficiency and low emissions. Scandium-stabilized zirconia electrolytes in SOFCs enhance ionic conductivity, lower operating temperatures, and increase cell lifespan, making them ideal for distributed power generation in data centers, industrial facilities, and microgrids. As governments worldwide invest in hydrogen infrastructure and fuel cell technologies to meet net-zero goals, demand for scandium is projected to surge, potentially outstripping current global supply of around 15-20 tons annually. The Hat Project's scandium resources align perfectly with this demand, offering a secure, domestic source to support the world's clean energy ambitions."Scandium represents a game-changer for Doubleview and the broader electrification landscape," said Farshad Shirvani, President and CEO of Doubleview Gold Corp. "Our Hat Project not only bolsters Canada's critical minerals strategy but also positions us to deliver high-value materials that drive innovation in clean energy and transportation."Doubleview continues to advance the Hat Project through drilling, metallurgical optimization, and resource expansion, with plans for more updates in the coming weeks. Our metallurgical consultants will provide further progress reports that we will share in new releases.About Doubleview Gold CorpDoubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) is a Canadian resource company advancing the 100%-owned Hat Polymetallic Project, located in the prolific Golden Triangle of northwestern British Columbia. The Hat hosts a large copper-gold-cobalt-scandium porphyry system with significant critical metal potential. Doubleview is dedicated to responsible exploration, Indigenous engagement, and sustainable development that benefits both shareholders and local communities.Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.For more information, please visit: www.doubleview.ca.Qualified Persons:Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.About the Hat Polymetallic DepositThe Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below: Average GradeMetal ContentOpen Pit Model HatResource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAgMt%%%g/tg/tmillion lbmillion lbmillion lbthousand ozthousand ozIn PitIndicated1500.4080.2210.0080.190.421,353733289292,045Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575 Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.For further details of the MRE, please refer to the Company's July 25, 2024 news release.On behalf of the Board of Directors,Farshad Shirvani, President & Chief Executive OfficerFor further information please contact:Doubleview Gold CorpVancouver, BC Farshad ShirvaniPresident & CEOT: (604) 678-9587E: corporate@doubleview.caNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation: the size of the Private Placement and other statements concerning the Private Placement; the anticipated use of proceeds from the Private Placement; the renunciation to the purchasers of FT Shares and timing thereof; the tax treatment of the FT Shares and the Company's plans regarding exploring its mineral exploration properties; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate funding on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275302 Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
PLN Reaffirms Commitment to Advancing a Just Energy Transition at COP30
Belem, Brazil, Nov 20, 2025 - (ACN Newswire via SeaPRwire.com) - PT PLN (Persero) reaffirmed its commitment to accelerating a just and equitable energy transition through concrete measures and strengthened global partnerships. During the 30th Conference of the Parties (COP30) in Belém, Brazil, on Monday (11/10), PLN took part in the CEO Talk titled "Corporate Climate Leadership for Indonesia's Net Zero Action through High Integrity Carbon."Asahan 3 Hydroelectric Power Plant (PLTA) with a capacity of 2x87 megawatts (MW) in Toba Regency, North Sumatra, Indonesia. This renewable energy–based power plant utilizes the potential of the Asahan River flow to produce reliable and sustainable electricity for the Sumatra power system.Evy Haryadi, PLN's Director of Technology, Engineering & Sustainability, emphasized that the 2025–2034 Electricity Supply Plan (RUPTL) marks a major shift toward a greener energy pathway compared to its predecessor. "While the previous RUPTL outlined the development of around 21 gigawatts (GW) of renewable energy, the current plan increases this capacity to approximately 52.9 GW (including storage) for the 2025–2034 period," Haryadi said.In addition, PLN is taking steps to lower emissions from its existing power plants. A key initiative is its active involvement in Indonesia's carbon trading scheme, which serves as a strategic mechanism to support the gradual and sustainable decarbonization of the power sector."Beyond emission trading for existing plants, PLN is also developing various carbon financing mechanisms as innovative funding sources to accelerate the energy transition. These mechanisms are expected to attract more green investment and help establish a low-carbon power system," Haryadi added.These efforts are complemented by PLN's development of a national Smart Grid, which will enable renewable energy to be integrated into the power system more efficiently and reliably. Haryadi emphasized that the Smart Grid is a critical foundation for expanding the integration of variable renewable energy (VRE) across the national grid.Indonesia's energy transition strategy goes beyond simply increasing renewable capacity — it also prioritizes preparing the power system to absorb, distribute, and balance a rising share of clean electricity. This approach, known as Complementing Renewable Expansion, ensures that renewable growth is supported by the necessary infrastructure.Through this strategy, PLN will scale up investments in energy storage systems, flexible power generation, and robust inter-regional transmission networks. The aim is to integrate renewable energy efficiently while maintaining system reliability and affordability. This approach also paves the way for Indonesia's renewable capacity to exceed 75% within the next decade.Haryadi highlighted that PLN's renewable expansion has the potential to generate up to 250 million tons of emissions-reduction certificates. He noted that this effort goes beyond regulatory compliance, representing a significant opportunity to accelerate the national energy transition."This green-attribute potential reflects not only PLN's technical readiness to grow clean energy, but also its role in driving Indonesia's green economy. Every ton of reduced emissions should translate into real value for the nation, investors, and society," he said.PLN also aims to surpass regulatory requirements by maximizing the added value of its decarbonization initiatives, while strengthening cross-sector partnerships and innovative financing to support its transition agenda."Support from international financiers, technology transfer, and high-integrity carbon market mechanisms is essential to ensure the energy transition progresses in an inclusive and equitable manner," Haryadi concluded.About PLNPT PLN (Persero) is Indonesia's state-owned electricity company, committed to continuous innovation and delivering the best service to its customers. PLN drives its Transformation 2.0 agenda with the vision of becoming a Top 500 Global Company and the No. 1 choice for energy solutions. This is achieved through sustainable business growth, end-to-end digitalization, energy transition initiatives supporting Net Zero Emissions (NZE), and the development of world-class human capital. www.pln.co.id ContactGregorius Adi TriantoExecutive Vice President, Corporate Communications & CSR, PLNTel. +62 21 7261122Fax. +62 21 7227059Source: Antara for PLN ( https://web.pln.co.id/en/sustainability/sustainability ) Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
U.S. Polo Assn. Receives Multiple Global Honors Recognizing Excellence in Brand, Content, and Digital Growth
West Palm Beach, FL, Nov 20, 2025 - (ACN Newswire via SeaPRwire.com) - USPA Global today announced that U.S. Polo Assn., the official sports brand of the United States Polo Association (USPA), has been recognized for several prestigious international awards recognizing the brand's excellence across sports, fashion, retail, media, and digital categories.U.S. Polo Assn./Brand Machine U.K. Team, Daniel Windross (L), Mathew Guinchard (M), Boo Jalil (R), accepting the Drapers Award for ‘International Excellence’ at the Awards Ceremony at The HAC in London, EnglandThe globally celebrated, sport-inspired brand was named a double finalist at the 2025 Drapers Awards, one of the United Kingdom's most respected fashion industry honors. U.S. Polo Assn. received the ‘International Excellence' Award and was named a finalist in the ‘Menswear Brand of the Year' category, acknowledging its remarkable growth and global retail performances across more than 190 countries. The Drapers Awards spotlighted brands, retailers, and designers shaping the future of the fashion industry, and celebrated with an elegant gala event at The HAC in London, England, on November 12, attended by Brand Machine, U.S. Polo Assn.'s strategic partner in the region. U.S. Polo Assn. won alongside other high-profile winners from the night, including Barbour, Primark, and Marks & Spencer, to name a few.Additionally, U.S. Polo Assn.'s global magazine, Field X Fashion, Issue 2, has been shortlisted for "Best Use of Print" at the International Content Marketing Awards (ICMA), recognizing its creative storytelling and design excellence. The annual, global publication, presented by U.S. Polo Assn., showcases the intersection of sport, fashion, philanthropy, and influencer events through compelling photography, editorial features, and highlights from the 2025 global campaign that captures the essence of U.S. Polo Assn.'s 135-year heritage. The ICMA winners will be announced in January 2026.Further demonstrating its growing digital influence, U.S. Polo Assn. has also received YouTube's coveted Gold Creator Award for surpassing one million subscribers on the brand's official channel. This milestone marks U.S. Polo Assn.'s commitment to engaging sports fans and consumers worldwide through high-quality video content, comprehensive global sports event coverage, and compelling brand storytelling.Earlier in 2025, U.S. Polo Assn. was also honored across several respected global and regional award platforms for its creativity, innovation, and brand-building momentum. The brand earned two Stevie® International Business Awards, winning Gold for ‘Achievement in International Expansion' and Silver for 'Celebration Event' for the 2024 Paris Games Polo Challenge. In India, one of the brand's top global markets, U.S. Polo Assn. received multiple distinctions at top industry programs, including ‘Excellence in Marketing Campaign' at the ET Now Business Conclave Awards, and two IReC Awards, ‘Video Marketing Masters' and ‘Kids eRetailers of the Year.' The brand additionally received recognition from Images Group for ‘Most Admired Marketing Campaign of the Year: Celebrity Endorsement' for U.S. Polo Assn.'s Womenswear collaboration with Palak Tiwari."Being recognized across such diverse global awards platforms, from fashion and retail to sport and digital engagement, reinforces U.S. Polo Assn.'s authentic connection to sport, fashion, and storytelling," said J. Michael Prince, President and CEO of USPA Global, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. "These accolades are a testament to our Global Team and strategic partners who continue to elevate our brand through creativity, innovation, and purpose-driven growth.""We are incredibly proud of the many awards and recognitions that USPA Global and U.S. Polo Assn. have earned in 2025 and look forward to an award-winning 2026," Prince added.With more than 1,200 retail stores, 60-plus e-commerce sites in 20 languages, and distribution in over 190 countries, U.S. Polo Assn. continues to expand its global growth while maintaining its authentic connection to the sport of polo. Together, all the accolades underscore the brand's continued worldwide strength and its ability to resonate with consumers through compelling storytelling, strategic marketing, and consistent retail expansion, making it one of the world's most dynamic and accessible sports brands.Photo Captions:1. U.S. Polo Assn./Brand Machine U.K. Team, Daniel Windross (L), Mathew Guinchard (M), Boo Jalil (R), accepting the Drapers Award for ‘International Excellence' at the Awards Ceremony at The HAC in London, England2. U.S. Polo Assn. Awarded ‘International Excellence' at the 2025 Drapers AwardsAbout U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official sports brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890 and based at the USPA National Polo Center (NPC) in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. The brand sponsors major polo events around the world, including the U.S. Open Polo Championship®, held annually at NPC in The Palm Beaches, the premier polo tournament in the United States. Historic deals with ESPN in the United States, TNT and Eurosport in Europe, and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, PGA Tour, and Formula 1, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the United States Polo Association (USPA) and manages the multi-billion-dollar sports brand, U.S. Polo Assn. USPA Global also manages the subsidiary, Global Polo, which is the worldwide leader in polo sport content. To learn more, visit globalpolo.com or Global Polo on YouTube.Contact InformationStacey KovalskyVP, Global PR and Communicationsskovalsky@uspagl.com+001.561.790.8036Kaela DrakePR & Communications Specialistkdrake@uspagl.com+001.561.461.8596SOURCE: U.S. Polo Assn.Related ImagesU.S. Polo Assn. Awarded ‘International Excellence’ at the 2025 Drapers Awards Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Nvidia’s Q3 2026 Earnings Exceed Expectations
Nvidia Corporation (NASDAQ:NVDA) has once again surpassed market predictions with its financial results for the third quarter of 2026. The technology leader, recognized for its breakthroughs in graphics processing and AI technologies, attributes its robust fiscal performance to substantial expansion in its AI and gaming divisions. This growth mirrors the increasing global demand for advanced computing solutions and immersive gaming experiences. Nvidia’s CEO underscored the strategic investments in AI and data center technologies as crucial for the company’s sustained success. The company announced a significant rise in revenue, largely propelled by its cutting-edge AI chips, which are rapidly becoming essential across various sectors, from automotive to healthcare. Nvidia’s dominance in the AI field continues to serve as a primary growth driver, as businesses and research entities seek powerful computational resources to manage complex tasks and data analyses. The gaming segment also demonstrated considerable growth, with Nvidia’s new series of graphics cards earning widespread praise for their enhanced capabilities. Despite the positive forecast, Nvidia encounters obstacles, particularly in supply chain logistics that have been impacted by global disruptions. However, the company has implemented strategies to alleviate these issues, aiming for minimal effects on production and delivery timelines. Market analysts remain optimistic about Nvidia’s future, citing its strong market standing and innovative product pipeline as key elements that will support its upward trajectory in the coming quarters. Furthermore, Nvidia’s strategic collaborations and acquisitions have played a vital role in broadening its technological proficiencies and market reach. The incorporation of AI into cloud computing services exemplifies Nvidia’s foresight in aligning its product offerings with evolving technological trends. This strategic direction not only strengthens Nvidia’s competitive edge but also enhances its value proposition to stakeholders and investors alike. As Nvidia continues to navigate the dynamic tech landscape, its dedication to sustainability and innovation remains firm. The company is committed to reducing its carbon footprint and advancing eco-friendly technologies, in harmony with global efforts towards sustainable development. Nvidia’s commitment to sustainability is not only a corporate obligation but also a strategic move that appeals to environmentally conscious consumers and investors. Footnotes: Nvidia’s financial statement highlights strategic advancements within its AI and gaming segments. Issues within the supply chain are being managed to preserve operational effectiveness.
BIP Asia Forum and Entrepreneur Day set for December
HONG KONG, Nov 20, 2025 - (ACN Newswire via SeaPRwire.com) – Co-organised by the Hong Kong Trade Development Council (HKTDC) and the Government of the Hong Kong Special Administrative Region (HKSAR), the 15th Business of IP Asia Forum (BIP Asia Forum), together with the 17th HKTDC Entrepreneur Day (E-Day), will be held from 4 to 5 December at the Hong Kong Convention and Exhibition Centre (HKCEC). The two flagship annual events will bring together innovators, investors, professionals, and policymakers from around the world. Through a series of activities, the two events will foster cross-sector collaboration, and help strengthen Hong Kong’s role as a regional intellectual property (IP) trading centre, and an international innovation and technology hub.Patrick Lau, HKTDC Deputy Executive Director said, “Hong Kong is the ideal platform for IP trading, backed by its sound legal system, deep capital markets, and robust IP protection regime. With the BIP Asia Forum, the HKTDC continues to drive IP commercialisation, facilitate cross-disciplinary collaboration, and reinforce Hong Kong as a regional IP trading centre. Held concurrently, E-Day continues to adopt the theme ‘Where Start-up Dreams Take Flight’ which focuses on start-up growth and innovation and provides a networking and matching platform for entrepreneurs and investors. Together, the two events create strong synergy – from supporting start-ups to facilitating the commercialisation of IP – help translating innovation into real-world applications, thus further advance Hong Kong’s innovation and technology, and IP development.”BIP Asia Forum spotlights IP financingIn recent years, IP has become a strategic asset leveraged by businesses to scale up and expand. Under the theme “Leverage IP to Finance Business Growth”, this year’s BIP Asia Forum brings together more than 100 speakers to explore IP’s potential for corporate development and financing.Sophia Chong, HKTDC Executive Director and David Wong, Director of Intellectual Property, Intellectual Property Department of the HKSAR Government will officiate at the opening ceremony of the two-day forum. A keynote session on “IP Valuation and Financing” will examine how IP can be converted into a viable source of capital. Speakers include Ying-ying Cheng, Head (Banking Supervision), Banking Supervision Department of Hong Kong Monetary Authority; Winnie Tung, Chairperson, Commercial Banking Committee of the Hong Kong Association of Banks; Lewis C Lee, Founder and CEO of Moat Metrics, Inc.; Terence Koh, Managing Director and Head of Telecommunications, Media and Technology at United Overseas Bank Limited; and Sung-tae Ha, Director of IP, Valuation and Management Center of Korea Invention Promotion Association. They will share insights from multiple perspectives, including market developments, policy support, valuation practices, cross-sector collaboration, as well as strategies to integrate IP financing into the broader financial ecosystem, unlocking the growth potential of innovation-driven enterprises.The theme of IP-driven investment shapes the first session of this year’s Global Tech Summit, titled “Unlocking Value: Intellectual Property and Investment Opportunities in AI Innovations” – investors will share key AI investment trends and explore the future landscape of IP within AI Innovation. Speakers include Lucas Shia, Associate Director (Investment) at Hong Kong Investment Corporation Limited; Teddy Lui, Chief Commercial Officer of the Alibaba Hong Kong Entrepreneurs Fund; Warren Li, Head of VC and Startups, North Asia at Google Cloud; and representatives from Aberdeen Investments, Eastspring Investments, Invesco, and Fidelity International.In the special address on the afternoon of 4 December, the Chief Executive of the HKSAR, John Lee, and Li Shengjun, Deputy Head of the Patent Office of the China National Intellectual Property Administration will deliver keynote remarks.Diverse thematic sessions push forward creativity and innovationThe plenary session, titled “Propelling Sustainability with IP”, will focus on IP’s strategic role in accelerating sustainability and elevating industry standards. Speakers include Dr Lorenz Kaiser, Senior Legal Counsel at GE Aerospace; Krishna Singhania, Senior IP Counsel at Maersk; and Dr Pratheeba Vimalnath, Lecturer in Innovation, Intellectual Property and Sustainability, University of Exeter Business School, UK. The breakout session “Opportunities and Risks of Data Licensing” will touch on data copyrights, privacy compliance, cross-border data flows, and regulatory environment. Speakers include Professor Daryl Lim, H. Laddie Montague Jr. Chair in Law and Associate Dean for Research and Innovation at Penn State Dickinson Law, and Shun Cheng, Director of AI & Cloud Technology Intellectual Property Rights Department at HUAWEI Technologies.The “IP Economy” is another highlight, featuring Mark Kingston, CEO and Co-founder of Libertas Brands (holding exclusive global rights of “Fuggler”), and Perry Chung, Executive Director, Strategic Development and Commercial Operations of Ocean Park. They will share how to leverage online-to-offline IP closed loop to boost revenue, expand customer reach through IP collaboration, and integrate cultural elements to enhance IP sustainability.Another breakout session “IP-driven Transformation of Hong Kong Brands” will examine how local brands leverage IP to transform their business models, enhance brand identity, market penetration, and diversify into new business streams. Speakers include Raymond Leung, CEO of Camel Vacuum Flasks; Steve Ng, Founder of TINY; and Crystal Wong, Deputy Head of Commercial and Brand of Hong Kong Tramways.The ASEAN Session, co-organised by the ASEAN Secretariat and the Intellectual Property Department of the HKSAR Government, will focus on patent commercialisation, discuss how to accelerate the translation of research outcomes, promote innovation collaboration and advance technology transfer between ASEAN economies and Hong Kong.E-Day ignites innovation momentumAs the HKTDC’s flagship start-up event, E-Day continues under the theme “Where Start-up Dreams Take Flight”, with a strong commitment to fostering entrepreneurship and providing tailored support and development opportunities for start-ups. E-Day combines an exhibition with business matching and a series of seminars, and serves as a dynamic platform that brings together innovators, investors and ecosystem partners, helping start-ups expand networks, exchange knowledge, explore collaboration opportunities and accelerate business growth globally.E-Day will spotlight six technology verticals – Artificial Intelligence, Health Tech, Cyber Security, Construction and Logistics, Spatial Computing and Sustainability. The event will feature more than 350 start-ups, innovation projects and start-up support organisations. The Digital Policy Office will set up the “Innovation Hong Kong Pavilion”, showcasing 30 award-winning projects from the Hong Kong ICT Awards (HKICTA). The pavilion hosted by the Home and Youth Affairs Bureau will feature over 40 start-ups supported by the HYAB Funding Scheme for Youth Entrepreneurship in the Guangdong-Hong Kong-Macao Greater Bay Area, as well as members of the Alliance of Hong Kong Youth Innovation and Entrepreneurial Bases in the Greater Bay Area. In addition, the Hong Kong Exporters’ Association will once again co-organise the annual Asia Exhibition of Innovations and Inventions with Geneva Palexpo, featuring more than 130 innovative projects from across Asia. Nine universities in Hong Kong will also exhibit their latest research outcomes and start-up ventures, fostering collaboration between academic and industry.E-Day’s seminar programme will cover four main tracks: Inspirational Masterclass, Start-up 101, Uncovering Hidden Gems and Global Tech Summit, with discussions spanning hot topics such as artificial intelligence, green energy, deeptech, sustainable fashion and youth entrepreneurship. A highlight on the first day, “T-Chat: From Labs to Battlefield: Navigating Deep Tech Commercialisation and Global Scale”, will present Yeye Xiao, Innovation Consultant Manager & Central Asia Lead at Hello Tomorrow, the world’s largest deeptech start-up community based in France; Dr Paul Wang, Director of the Techno-Entrepreneurship Core at The University of Hong Kong; Edith Yeung, General Partner at Race Capital; and Kenny Oktavius, Co-founder and CEO of Point-Fit Technology. The speakers will discuss how scientific research can be effectively translated from the laboratory to the marketplace, driving commercialisation and accelerating global expansion.To fully leverage Hong Kong’s unique role as a bridge between the Guangdong–Hong Kong–Macao Greater Bay Area (GBA) and overseas markets, a roundtable titled “Empowering GBA Startups to Expand into ASEAN with Hong Kong as a Super-connector and Super Value-adder” will focus on opportunities for GBA start-ups to expand into ASEAN and international markets. The speakers, including Intan Zalani, the Consul (Trade) of Malaysia in Hong Kong; Peter Mok, General Managers of Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub; and Stephen Chan, Partner of Charles Russell Speechlys LLP, will analyse how the city’s financial strength, legal expertise and strategic support can facilitate cross-border collaboration in innovation and technology.The HKSAR Government and industry organisations are joining forces to support youth and SME development. A dedicated session, “Launch of HKICTA Winner Circle cum Winners Sharing Session”, hosted by the Digital Policy Office will focus on innovation leadership. Outstanding winners of the Hong Kong ICT Awards will discuss how technology can promote the development of smart city. A fireside chat titled “Crafting the Next-Gen Wardrobe: Innovation for a Sustainable Future”, will explore how new technologies are reshaping sustainable fashion, driving the integration of aesthetics and environmental responsibility and transforming the future of the fashion industry.“Start-up Express International” will return this year and continue to attract promising overseas start-ups to establish a presence in Hong Kong and use the city as a springboard to access regional markets. The programme is supported by partners from Australia, Chinese Mainland, Italy, Singapore, Thailand, the United Kingdom and other economies, and 10 outstanding start-ups were selected earlier this year. The winning start-ups will join a sharing and networking session on 4 December, the first day of E-Day, to present their entrepreneurial journeys.DesignInspire will be held concurrently with BIP Asia Forum and E-Day from 3 to 6 December at the HKCEC. The event will bring together numerous local and international design superstars and provide an exciting design experience for the industry and the public. The three events aim to create synergy and generate more business opportunities for the industry.Websites:Business of IP Asia Forum: https://bipasia.hktdc.com/en/Entrepreneur Day: https://portal.hktdc.com/eday/enStart-up Express International: https://portal.hktdc.com/startupexpress/en/s/start-up-express-internationalFor media interviews with conference speakers, please email the interviewee and questions to raconteurhk@gmail.hk by 26 November.Photo Download: https://bit.ly/49u4f1bJointly organised by the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), the 15th Business of IP Asia Forum (BIP Asia Forum) will be held on 4–5 December at the Hong Kong Convention and Exhibition Centre. The photo shows last year’s event(From left) At the first day’s keynote session “IP Valuation and Financing”, Ying-ying Cheng, Head (Banking Supervision), Banking Supervision Department of Hong Kong Monetary Authority, Winnie Tung, Chairperson, Commercial Banking Committee of Hong Kong Association of Banks, Lewis C Lee, Founder and CEO of Moat Metrics, Inc.; Terence Koh, Managing Director and Head of Telecommunications, Media and Technology at United Overseas Bank Limited; and Sung-tae Ha, Director of IP, Valuation and Management Center of Korea Invention Promotion Association, will explore how IP can be transformed into financial capital, advancing IP financing and strengthening the innovation-driven financial ecosystem to unlock growth potential for emerging enterprises(From left) The plenary session titled “Propelling Sustainability with IP” will feature Dr Lorenz Kaiser, Senior Legal Counsel at GE Aerospace, Krishna Singhania, Senior IP Counsel at Maersk, and Dr Pratheeba Vimalnath, Lecturer in Innovation, Intellectual Property and Sustainability, University of Exeter Business School, UK, who will discuss how organisations can strategically apply IP to accelerate progress towards sustainability goals and advance related industry standardsThe 17th Entrepreneur Day (E-Day) continues under the theme “Where Start-up Dreams Take Flight”, bringing together more than 350 start-ups, inventor projects and start-up support services to help entrepreneurs and SMEs stay ahead of market trends. The photo shows last year’s 16th E-Day(From left) On the first day of E-Day, the session “T-Chat: From Labs to Battlefield: Navigating Deep Tech Commercialisation and Global Scale” will feature Yeye Xiao, Innovation Consultant Manager & Central Asia Lead at Hello Tomorrow, the world’s largest deeptech start-up community based in France; Dr Paul Wang, Director of the Techno-Entrepreneurship Core at the University of Hong Kong; Edith Yeung, General Partner at Race Capital; and Kenny Oktavius, Co-founder and CEO of PointFit Technology. The speakers will discuss how to bring research breakthroughs from the laboratory into the market, accelerating commercialisation and global scale-upMedia EnquiriesFor enquiries, please contact:Raconteur PR Agency:Molisa Lau Tel: (852) 6187 7786 Email: molisalau@raconteur.hkChilie Chang Tel: (852) 6910 6607 Email: chiliechang@raconteur.hkHKTDC's Communication & Public Affairs Department:Navin Law Tel: (852) 2584 4525 Email: navin.cm.law@hktdc.orgSerena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
WASH debuts on MAI, targeting 160 new branches for 2026-2027
BANGKOK, November 20, 2025 - (ACN Newswire via SeaPRwire.com) - Laundry You PCL (SET: WASH), one of Thailand's leading full-service laundromat operators under the "WashXpress" brand, debuted on the SET Market for Alternative Investment (MAI) as the Company is determined to grow on its current success by expanding its branch network at least 160 branches in fiscal years 2026-2027. This is a part of WASH's strategic expansion plan to push into the Northern and Southern regions, increasing the number of company-owned and operated branches to 670. The Company highlights its business expansion strategy with a model that can create recurring income. In the meantime, the Company reported strong six-month revenue growth to 474 million baht with profit increasing by 93%, while its Same Store Sales Growth (SSSG) grew by 13%, driven by new services and effective marketing. WASH aims to become Thailand's leading full-service laundromat operator, ready to revolutionize the industry with innovation and technology to create a pleasing experience, making laundry chores easier for the community.Mr Kawin Klongkratoke, CEO and Co-Founder of Laundry You PCL, stated that the Company's shares began trading on November 3, 2025, in the Services Industry Group under the symbol "WASH", following the successful IPO of 105,882,352 shares at 7.50 baht per share. The offering attracted interest from all investor groups and received an overwhelming response, reflecting confidence in the Company's strong business fundamentals and future growth potential. Throughout its business history, WASH has operated under its vision to revolutionize the laundry experience in communities by creating innovative and data-driven services powered by technology to deliver the ultimate experience for modern consumers under the concept of "Clean, Convenient, and Comfortable". This approach perfectly addresses the changing lifestyle and the expanding urbanization of Thai society, while fostering sustainable growth for the future."On behalf of the entire WASH team, I would like to thank you for your trust in us. I am very honored to bring WashXpress into the Thai capital market. We are ready to move forward toward our full potential, generating the highest possible returns for all shareholders. The Company's core mission is to transform laundry chores into a simple experience, giving back 'time' to community members and improving their quality of life. We do not aim merely to become a market leader; we aspire to be a 'revolutionary force' driven by innovation and technology. This means setting new standards for the Thai laundromat industry, entirely guided by the principle of creating sustainable value for businesses, society, and the environment. We promise that WASH will never stop development in our determination to create sustainable success for all stakeholders," Mr Kawin added.Mr Chisanupun Tangchalermkul, Chief Development Officer and Co-Founder of Laundry You PCL, disclosed that the Company plans exponential growth by expanding its branch network into high-potential areas through the "cluster expansion" strategy, which involves opening 5 to 10 new branches in close proximity to each other. This game plan was designed to rapidly build brand visibility in new areas, while also increasing management efficiency and reducing construction costs. The strategy will be implemented across 21 provinces where the Company currently operates, as well as in new, untapped markets—particularly in the northern and southern regions—to ensure comprehensive nationwide coverage.Chisanupun further stated that the Company aims to open at least 240 new, company-owned and operated branches by the end of 2027, implemented into two phases. The first phase is the opening of 80 new branches in 2025, followed by at least 160 new branches between 2026 and 2027, with a focus on company-owned and operated branches. By 2027, the Company aims to operate a total of 670 such branches. This strategy will allow WASH to maintain full control over service quality and standards, enhance management flexibility, and, most importantly, generate recurring income - a key factor leading to sustainable growth.In addition to expanding its network, the Company also prioritizes the upgrading of existing branches to maintain competitiveness and increase sales. A budget of 100 million baht has been allocated for 2026-2027 for the renovation and upgrading of existing WashXpress laundromats. The plan includes increasing the number of washing and drying machines in high-traffic branches, introducing new services such as wash, dry, fold, and ironing, and refurbishing stores to enhance WashXpress's modern brand image. Improvements will also include expanding parking spaces and enhancing customer comfort through facilities such as air-conditioned waiting areas, ensuring the best possible experience and maximum convenience.Ms Suthang Khonsilpa, Managing Director, Investment Banking Department of Yuanta Securities (Thailand) Co Ltd, in the capacity as financial advisor and underwriter, reiterated that WASH possessed five key strengths that highlight the Company's potential as a growth stock worth keeping a close eye on. These are:1. Strong and proven operating performance: The Company has demonstrated impressive revenue growth between 2022 and 2024, achieving a compound annual growth rate (CAGR) of 33.16%, alongside an average net profit growth of 18.63% per annum. The operating results for the first six months of 2025 continue to show robust growth. Notably, same-store sales growth (SSSG) has remained positive, underscoring strength and resilience in the core business.2. Clear growth strategy with focus on sustainable revenue: The Company focuses on expanding a network of company-owned and operated branches that ultimately account for more than 85% of the total number of branches. This approach allows full control over service quality and standards, generating stable recurring income. Moreover, the Company also presents a clear plan to utilize the funds from the IPO to open at least 160 new branches by 2027.3. Strong market position and a well-recognised brand: Currently, WashXpress is one of the major players in the industry with over 548 branches in 21 provinces, conveniently meeting the needs of modern consumers, as evidenced by the number of registered users via the WashXpress application, which has continuously grown to more than 1.5 million accounts at present.4. Leveraging technology for competitive advantage: The Company's WashXpress application has not been designed only as a payment channel, but also as a valuable tool in Customer Relationship Management (CRM) through a loyalty point system. Most importantly, it is a large data warehouse of customer behavior (Data Analytics) effective for analysis and planning more accurate marketing strategies.5. Operating in a High-Growth Industry: The self-service laundry business is directly driven by the megatrend of urbanization – changes in living patterns from composite family groups to single families or condominium living. Combined with increasingly hectic lifestyles, the changes have led to a steady increase in demand for self-service laundry services."WASH demonstrates compelling strengths across the board, from its proven growth history and strong financial position and cash flow to a clear strategic plan aligned with market trends. This IPO serves as a fuel for accelerated growth and further reinforces the Company's market leadership. For investors who recognize the potential of the full-service laundry business, investing in WASH shares presents an opportunity to become a co-owner of a business managed by a professional team standing ready to steer the business forward with stability and sustainability," concluded Miss Suthang. Laundry You PCL, (SET: WASH, SET: WASH/R, SET: WASH-F), https;//www.washxpressth.com Copyright 2025 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com

















