Media OutReach
KPMG: Slower than expected interest rate cuts to support bank margins in 2025
Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growth
HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s banking sector showed signs of recovery in 2024 after a prolonged period of challenges. This positive trend is expected to continue in 2025, with the pace of US rate cuts expected to be slower than many forecasts.
KPMG’s latest report, the Hong Kong Banking Outlook 2025, predicts substantial opportunities for banks that are willing to adapt and innovate, with technologies like Generative AI and virtual assets set to transform operating models. The report provides insights and predictions from KPMG experts regarding the outlook for Hong Kong and highlights key themes for banks to focus on this year, including embracing emerging technologies, staying abreast of ESG trends and keeping pace with regulatory developments.
Paul McSheaffrey, Senior Banking Partner, Hong Kong, KPMG China, says: “2024 marked an improvement for Hong Kong’s banking sector, with signs of recovery emerging after a prolonged period of challenges. Driven by policy shifts in the Chinese Mainland, these developments have laid the groundwork for cautious optimism entering 2025. Some green shoots of recovery have been seen, including an uptick in funds raised on the Hong Kong Stock Exchange and positive policy measures in the Chinese Mainland aimed at stimulating consumer demand. Thus, we are more optimistic about the prospects of the Hong Kong banking sector during the year.”
For retail and commercial banks, KPMG believes that the pace of interest rate reductions will be slower than many forecasts suggest, which will help banks preserve their margins. For investment banks, the positive policy measures in China are expected to enhance consumer sentiment, thereby fostering capital raising and M&A activity in China, ultimately benefiting Hong Kong.
Jianing Song, Head of Banking and Capital Markets, Hong Kong, KPMG China, says: “As we enter 2025, the environment faced by banks is becoming increasingly complex. However, we believe that this year will bring substantial opportunities for banks willing to adapt and innovate. Emerging technologies, such as Generative AI and virtual assets, have the potential to transform operating models. Through cost optimization, data governance, and digital transformation, banks can navigate their current challenges and build a foundation for long-term growth.”
Resilience remains a key regulatory focus
Resilience against cyber fraud and financial crime will remain a top priority in 2025 as losses experienced by banks and customers continue to make headlines. Meeting regulatory expectations will be crucial, with a strong focus on implementing existing regulations and new resilience requirements. AI adoption will be become a sector-wide topic in financial crime over the next two years, as authorised institutions and regulators gear up to tackle risks and meet regulatory expectations.
KPMG also expects Hong Kong regulators to launch initiatives to further encourage the use of distributed ledger technology (DLT) in the banking industry. This is driven by the need to build resilience against the operational risks associated with traditional settlement and payment infrastructure. It also addresses the need for banks to adapt their business models in the face of competition from new Fintech market entrants and ‘digital natives’.
Strategic cost optimisation
Geopolitical uncertainty, rising operational expenses and increasing regulatory requirements mean that manging costs will remain a focus in the banking sector. Instead of implementing broad cost-cutting measures, KPMG expects banks to adopt a more strategic approach centered on cost optimization. This involves identifying the root causes of inefficiency and implementing targeted corrective interventions. Automation can be an effective tool in this process, addressing latent inefficiency in core processes across front, middle, and back office. This can lead to increased productivity, reduced cost to serve, an enhanced customer experience and ultimately, a stronger top line.
Digital transformation trends
The pace of digital transformation in Hong Kong’s banking sector is expected to accelerate in 2025. More than one-third of financial institutions are already integrating Generative AI, supported by government initiatives such as the HKMA’s Generative AI Sandbox. Virtual assets have also been ranking high on the digital transformation agenda for banks, with initiatives like HKEX’s Virtual Asset Index Series and HKMA’s Project Ensemble Sandbox accelerating Hong Kong’s tokenisation market development. KPMG expects policy support to continue in this area throughout 2025.
In 2025, Hong Kong banks should prioritise digitising their operations by leveraging resources such as Fintech Connect; expanding their digital-savvy workforce through talent acquisition and upskilling; and future-proofing their digital asset and Generative AI readiness by establishing a robust data governance framework.
Hashtag: #KPMG:
The issuer is solely responsible for the content of this announcement.
About KPMG China
KPMG China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.
KPMG firms operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
In 1992, KPMG became the first international accounting network to be granted a joint venture license in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012.
Celebrating 80 years in Hong Kong
In 2025, KPMG marks “80 Years of Trust” in Hong Kong. Established in 1945, we were the first international accounting firm to set up operations in the city. Over the past eight decades, we’ve woven ourselves into the fabric of Hong Kong, working closely with the government, regulators, and the business community to help establish Hong Kong as one of the world’s leading business and financial centres. This close collaboration has enabled us to build lasting trust with our clients and the local community – a core value celebrated in our anniversary theme: “80 Years of Trust”.
Media OutReach
CUKTECH 6 Ultra Charger Officially Launches in Indonesia, Delivering Smarter 100W Fast Charging
Compact Design with Powerful Multi-Device Charging
As smartphones, tablets, laptops, and portable gaming devices become everyday essentials, users increasingly seek a single charger capable of powering them all. The CUKTECH 6 Ultra Charger delivers up to 100W MAX fast charging, making it ideal for smartphones, tablets, lightweight laptops, and Nintendo Switch.
Featuring two USB-C ports and one USB-A port, the charger supports simultaneous charging for multiple devices. Its compact form factor is significantly smaller than a traditional 67W charger, while the included 1-meter 6A 240W braided cable offers added convenience and durability.
Equipped with Dynamic Power Distribution and ADC 2.0 fast-charging technology, the charger provides seamless compatibility across both Android and Apple ecosystems
It can charge a Xiaomi 17 Pro to approximately 71% in 30 minutes (100W Max), a Samsung S26 Ultra to around 78% (60W Max), and a MacBook Air (M3) to approximately 53% in 30 minutes (65W Max).
Smart Desk Companion with an Interactive AI Display
The CUKTECH 6 Ultra Charger features a unique 0.96-inch HD smart display with built-in interactive emoji animations. The display changes expressions based on charging status—from standby to charging and nearly full—bringing a fun and engaging element to everyday charging. It also supports 180° screen rotation and provides real-time information, including power, voltage, and current.
Advanced Protection with OPC 2.0
Designed for demanding environments, the charger incorporates CUKTECH’s proprietary OPC 2.0 charging optimization technology, which intelligently recognizes connected devices and adjusts charging current to help extend battery lifespan. Combined with an advanced GaN architecture and 24-hour intelligent temperature control, it delivers stable, efficient performance even under heavy workloads.
As one of CUKTECH’s latest global products, the CUKTECH 6 Ultra Charger combines high-performance charging, portability, and intelligent features to provide Indonesian consumers with a more efficient digital lifestyle.
*All data from CUKTECH internal lab tests. Actual results may vary with device software or ambient temperature.
Hashtag: #CUKTECH
The issuer is solely responsible for the content of this announcement.
Media OutReach
VinFast Opens 21 Electric Motorcycle Showrooms in the Philippines, Deepening Its Green Mobility Presence in Southeast Asia
The 21 pioneer dealerships will begin operations in major cities nationwide, expanding consumer access to VinFast products and authorized services. The network is expected to grow further in the coming period, progressively expanding VinFast’s presence across the Philippines.
The simultaneous opening of 21 showrooms comes just over a month after the success of VinFast’s early booking program, which attracted thousands of customers nationwide. The strong market response to VinFast’s battery-swapping electric motorcycles not only demonstrates the products’ appeal but also underscores the company’s investment commitment and rapid expansion in the Philippines.
VinFast aims to develop its dealerships as all-in-one destinations, bringing product displays, energy solutions, and technical services together under one roof. Customers can receive personalized consultations, take test rides, experience a one-minute battery swap, explore home-charging solutions, and choose an ownership option that best suits their needs, with professional support throughout the entire journey, from initial product discovery to after-sales service.
In addition to the official showcase of the brand’s first product lineup and its full range of available colors, the launch featured test rides and one-minute battery-swapping demonstrations. The brand also shared its official local pricing, battery solutions, and supporting ecosystem, including plans to deploy 30,000 battery-swapping cabinets nationwide in partnership with infrastructure providers.
Following the launch event, a series of public experience activities will take place at the new dealerships throughout August 2026. Customers will be able to see and test ride the three models, learn about battery technology and sales policies, and explore flexible ownership options. Details of the test ride program and applicable terms are available on VinFast’s official website: vinfastauto.ph/en.
To celebrate the occasion, participating dealerships will introduce a variety of exclusive offers and promotional programs, providing additional benefits and value for early adopters.
Ms. Vo Thi Cam Tu, CEO of VinFast E-Scooters & E-Bikes, International Markets, said: “Opening 21 VinFast showrooms alongside the launch of our three electric motorcycle models reflects VinFast’s long-term investment commitment to the Philippines. Beyond offering products that meet diverse mobility needs, we are building a comprehensive ecosystem that makes it easier for customers to access our vehicles, energy solutions, and support services throughout their ownership journey. As our electric mobility ecosystem continues to expand, we believe electric motorcycles can become an increasingly practical and convenient choice in the everyday lives of Filipinos.”
Evo, Feliz II, and Viper each offer distinct characteristics designed to meet a wide range of mobility needs and riding styles. Evo combines elegant styling with everyday agility, offering a top speed of 80 km/h and a range of up to 150 km with two fully charged batteries. Feliz II emphasizes practicality and versatile performance, with a top speed of 90 km/h. Rounding out the lineup is Viper, featuring a sporty design, maximum power output of 5,200W, and a top speed of 90 km/h, aimed at younger riders who value technology and engaging riding experience.
All three models feature two under-seat battery compartments and are compatible with VinFast’s battery-swapping solution, giving riders greater flexibility and convenience in everyday use. Customers can also choose between purchasing their motorcycle with batteries included or subscribing to a battery subscription plan, depending on their needs and usage patterns.
Notably, VinFast electric motorcycle owners will receive free battery swaps at public swapping stations operated by strategic partner V-Green for one year, with up to 20 swaps per month per vehicle. The models are also covered by a 4+2-year or 60,000+12,000-km warranty, whichever comes first, providing customers with greater benefits, lower operating costs, and long-term peace of mind.
VinFast’s entry into the Philippine electric motorcycle market builds on its expansion across key Southeast Asian markets, following the opening of 20 electric motorcycle dealerships in Indonesia in July 2026. By steadily expanding its presence, VinFast is building out a comprehensive green mobility ecosystem across the region, making it easier for consumers to transition to smarter, more modern, and environmentally-friendly transportation solutions.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
From Formula 4 simulation racing excitement to exclusive shopping rewards, at the award-winning luxury resort – Where Summer Comes to Play – exhilarating new attractions extend the seasonal fun well beyond summer
MACAU SAR – Media OutReach Newswire – 31 July 2026 – Extending the energy of summer, Galaxy Macau turns up the excitement and dials up the heat with a new collection of immersive experiences and exclusive rewards as part of its “Where Summer Comes to Play” campaign. Whether racing on a cutting-edge Formula 4 competition simulator or indulging in rewarding shopping experiences at Galaxy Promenade, guests can create unforgettable summer memories while enjoying thrilling privileges available exclusively at Galaxy Macau.
Be a Racing Legend｜Test Your Skills at the Formula4 Simulators
This summer, Galaxy Macau invites guests to take the driver’s seat and experience the thrill of competitive motorsport with “Racing Legend: F4 Simulators”, an immersive racing experience that brings the excitement of Formula 4 competition to life. Inspired by Macau’s world-renowned Guia Circuit, one of the sport’s most iconic destinations, this high-energy attraction combines cutting-edge simulation technology, realistic vehicle dynamics and action-packed gameplay, placing guests at the centre of a pulse-raising challenge where precision, skill and split-second decisions determine the outcome.
Designed to capture the intensity and exhilaration of professional racing, the state-of-the-art simulators challenge players to navigate sweeping bends, master high-speed straights and push their limits in pursuit of the fastest lap. With capacity for up to eight racers to compete simultaneously, the experience delivers an engaging head-to-head contest for friends, families, racing enthusiasts and thrill-seekers alike. Whether striving for pole position, setting a personal best or simply embracing the excitement of the track, guests can look forward to an adrenaline-charged experience filled with speed, competition and unforgettable moments.
“Racing Legend: F4 Simulators” will be open daily from 12:00pm to 10:00pm, from July 31 until August 31. Guests who spend MOP500 or above in a single transaction at participating outlets across the resort may enjoy this exclusive summer experience.
Shop, Play and Be Rewarded at Galaxy Promenade
To further enrich the summer experiences, Galaxy Promenade is delighted to unveil an exclusive shopping rewards initiative, inviting guests to Macau’s leading luxury shopping destination to indulge in a one-stop retail journey complemented by exceptional privileges and bespoke rewards.
From now until August 16, guests can enjoy up to 7% shopping rebate at Galaxy Promenade, including shopping vouchers worth up to MOP60,000 with no minimum spending requirement. VIP members can enjoy an additional 2% rebate. Purchases made with designated UnionPay or HSBC credit cards are eligible for extra vouchers. From now until August 31, guests who meet designated spending amounts will be rewarded with a whimsical plush floral bouquet, a complimentary limited-edition floral-inspired coffee, as well as taking part in the interactive “Glitz & Glam Dynamic Video” experience, capturing vibrant and memorable moments through an immersive motion-camera activation.
Elevated Shopping | New and Upgraded Boutiques
The temperature escalates with new shops at Galaxy Promenade, further elevating the shopping fun. Louis Vuitton celebrates the opening of its newly renovated store at Galaxy Macau with an exclusive preview until August 5, highlighting the Fall-Winter 2026 Men’s Collection by the line’s Creative Director Pharrell Williams. Showcasing the Maison’s signature blend of innovation and craftsmanship, the collection reinterprets classic menswear through adaptive fabrics, refined tailoring and exceptional artisanal techniques. Designed to meet the demands of modern living, the collection balances functionality with sophistication.
Simultaneously, Galaxy Promenade welcomes the arrival of Coach, where the brand’s iconic New York spirit meets contemporary design. Featuring warm natural wood elements, refined metallic accents and an open-concept layout, the new store presents a comprehensive selection of products, including the Tabby collection, New York family, and leather accessories. Guests can also discover August highlights, featuring the vibrant new Poppy Colorway handbag collections, a classic line of the brand. To celebrate the opening, guests who purchase any handbag can enjoy a complimentary personalised leather hangtag with monograming service. With any purchase, guests will also receive a complimentary leather bookmark with monograming service.
Beauty enthusiasts can embark on an unparalleled luxury beauty journey at DFS Macau, Galaxy Macau (Beauty), home to an exceptional selection of the world’s leading beauty brands. Throughout August, guests can enjoy “First Class Beauty”, an annual series of exclusive experiences and special rewards, including beauty consultations, hand and hair treatments, makeup masterclasses, as well as immersive brand-led workshops and bespoke beauty services. Guests who meet designated spending thresholds will also enjoy $1,000 shopping vouchers and participate in exclusive interactive games for a chance to win exciting prizes, including a complimentary stay at Andaz Macau.
Adding to the excitement, an exclusive “Beauty Night Out” preview event on August 1, officially kicking off the beauty campaign. Themed “Run the Show, Define Your Glow”, the event will feature celebrity appearances, interactive experiences from luxury beauty brands, creating an unforgettable and immersive celebration of beauty.
Even More Summer Experiences Await
These latest additions further enrich an already exceptional line-up of experiences, exclusive privileges and world-class entertainment taking place across Galaxy Macau this summer.
At the iconic Grand Resort Deck, guests can enjoy spectacular Motorsurf performances by elite international athletes at 4:00pm and 5:30pm every weekend through August 30, set against the backdrop of the world’s largest Skytop Wave Pool, a pristine white-sand beach and an array of exhilarating aquatic attractions. Families can continue to create unforgettable summer memories at Aquatainment Island, while the vibrant seasonal plush floral installations throughout Galaxy Promenade transform the resort into a magical garden oasis, offering immersive encounters, captivating displays and picture-perfect moments tapping the latest robotic-arm technology for maximum fun.
Pop sensation Show Lo will take over the Grand Resort Deck at the Summer Splash Show on August 22 to deliver a captivating performance like no other – get ready to dive into the ultimate bash with the charismatic star!
For those seeking indulgence through Galaxy Macau’s award-winning gastronomic collection of restaurants, cafes and lounges, guests are invited on a remarkable culinary journey, where acclaimed chefs present refreshing seasonal creations crafted with the finest ingredients from around the world.
Whether pursuing adrenaline-fuelled thrills, embracing the excitement of water adventures, discovering luxury shopping experiences or spending quality time with family and friends, guests can find endless ways to celebrate their shining moments at Galaxy Macau. With a host of exciting new attractions, exclusive rewards to unlock more of Galaxy, as well as world-class signature entertainment continuing throughout August, there has never been a better time to experience why Galaxy Macau is the destination Where Summer Comes to Play.
For more information, please visit www.galaxymacau.com
Hashtag: #GalaxyMacau
The issuer is solely responsible for the content of this announcement.
About Galaxy Macau Integrated Resort
Galaxy Macau, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel, Hotel Okura Macau, JW Marriott at Galaxy Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.
As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.
Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.
Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.
Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.
For more details, please visit 
www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com.
