Media OutReach

Gree Showcases Photovoltaic DC Air Conditioning System at Gree Summit Partner, Positioning Singapore as Green Innovation Hub

Published

3 months ago

11/09/2025

SINGAPORE – Media OutReach Newswire – 11 September 2025 – Singapore has long been recognized as a pivotal hub in Gree’s Southeast Asia growth strategy. With its advanced infrastructure, strong sustainability agenda, and dynamic role in the Asia-Pacific market, Singapore provides the ideal platform for Gree to showcase cutting-edge technologies that combine comfort, energy efficiency, and environmental responsibility.

This vision was further reinforced at the recent event, ‘Gree Summit Partner 2025’ held at the Bangkok Convention Centre on 10 September 2025, where Gree gathered its dealer partners and celebrated the 10th anniversary of Gree Indonesia under the theme “Decade of Trust, Forwad Together.” The occasion not only strengthened Gree’s presence in the region but also underscored Singapore’s role as a launchpad for innovation, while paving the way for the introduction of its latest eco-friendly air conditioning technologies, including the GMV PV system designed to support Singapore’s clean energy transition.

The Gree GMV PV system unveiled at the ‘Gree Summit Partner 2025’ event.

Recognised as the world’s No.1 brand in residential air conditioners (RAC) sales in 2024 by Euromonitor International, Gree has consistently held the top global market share in household ACs for 18 consecutive years. Backed by over 130,000 technical patents, including globally leading technologies, Gree continues to lead the industry with cutting-edge products that combine energy efficiency, durability, and aesthetics.

Singapore as Gree’s Strategic Gateway to Southeast Asia’s Market

The gathering, attended by partners from across the region (Singapore, Indonesia, and Thailand) marked the launch of Gree’s Photovoltaic Direct Current (DC) Air Conditioning system and reinforced Singapore’s position as both a sustainability testbed and a hub for global product innovation.

“As one of the world’s most solar-dense cities near the equator, Singapore provides the ideal environment for pioneering sustainable cooling technologies,” said Mr. Leon Li, General Manager of Gree Airconditioning Singapore PTE. Ltd. “Singapore is not only a market, but also a bridgehead that brings together world-class engineering firms and progressive sustainability policies, making it a key hub for Gree’s innovation and service benchmarking.”

According to the Energy Market Authority (EMA), Singapore has already surpassed its 2025 target of deploying 1.5 GWp solar capacity and is on track to reach 2 GWp by 2030, equivalent to the annual electricity needs of around 350,000 households. This strong foundation makes Singapore the ideal launchpad for Gree’s breakthrough innovations, including the GMV PV, the world’s first direct-drive photovoltaic air conditioning system. Delivering 99% photovoltaic efficiency and supporting full off-grid operation, the GMV PV enables “zero electricity bills and zero emissions.” Its modular parallel architecture ensures adaptability across various building types, while intelligent remote monitoring and advanced energy management guarantee stable and efficient performance.

Often referred to as the “zero-carbon eco AC system” and “the integrated cooling-heating-electricity supply system,” Gree’s PV-based solutions redefine sustainable cooling. Complementing the GMV PV is the Photovoltaic Storage DC Inverter AC System, which further boosts efficiency with advanced technologies such as multi-level commutation, high-efficiency thermal management, high-performance vapor injection, and smart switching between solar and grid electricity. With five interactive modes and a dedicated DC interface for energy storage, it ensures uninterrupted comfort even during power outages.

For Singapore’s tropical climate and rising demand for green solutions, these innovations are designed to meet the nation’s Green Mark standards while supporting its clean energy transition. The launch of the Gree Photovoltaic DC Air Conditioning System further underscores Gree’s leadership in eco-friendly air conditioning, combining global technological excellence with local market needs.

The Gree Photovoltaic Storage DC Air Conditioning System now includes 15 product categories and 101 models, covering centrifugal chillers, magnetic levitation systems, screw chillers, modular units, top-discharge VRF systems, side-discharge VRF systems, residential split units, and refrigeration units. This system offers strong adaptability to various building types, meeting the application needs of residences, offices, hotels, shopping malls, halls, schools, factories, farms, and cold storage facilities. Building on more than 30 years of expertise, Gree has established itself as a leader across diverse environments from residential homes and office towers to transport hubs, factories, hospitals, and data centres.

To strengthen its commitment in Singapore, Gree also provides:

With these initiatives, Gree is not only introducing innovative products but also positioning itself as a long-term partner in Singapore’s journey toward a greener, smarter, and more sustainable lifestyle.

A Commitment to Green and Smart Futures

“After successfully building trust over a decade in Indonesia, our first Southeast Asian market, we are now extending our footprint into Thailand and Singapore,” said Mr. Ethan Wu, CEO of Gree Global Holdings Pte. Ltd. “Our mission is clear: to provide reliable, eco-friendly, and technologically advanced air conditioning solutions tailored for tropical regions. With Singapore’s role as both a strategic hub and sustainability pioneer, we are confident in shaping a green and smart future together.”

From left to right: Mr Nicky, Vice President of Gree Electric Appliances Indonesia; Mr Jared Yang, President Director of Gree Electric Appliances (Thailand); and Mr Leon Li, General Manager of Gree Airconditioning Singapore.

With operations spanning 18 major production bases and serving over 160 countries, Gree continues to set benchmarks for innovation, after-sales service, and sustainable solutions. The regional dealer gathering and Southeast Asia product launch reaffirm the company’s long-term vision to strengthen partnerships, empower local markets, and deliver world-class cooling technologies across the region.

Hashtag: #Gree #AirConditioning #SmartCooling #ConsumerElectronics #HomeAppliances

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

About Gree

Founded in 1991, GREE Electric Appliances Inc. of Zhuhai is one of the world’s largest manufacturers of air conditioners and smart home appliances. Headquartered in Zhuhai, China, GREE integrates independent research, development, and production across its full product line, including residential and commercial HVAC systems, air purifiers, water heaters, and smart home technologies.

GREE’s products are sold in over 160 countries, and the company has held the No.1 global market share in household air conditioners for 18 consecutive years (Euromonitor International). With more than 90,000 employees worldwide and a reputation for innovation, energy efficiency, and high-quality manufacturing, GREE is committed to delivering intelligent, sustainable solutions that improve lives and protect the planet.

GREE Singapore marks the company’s first direct presence in the country and serves as a strategic hub for Southeast Asia. The branch leads local operations, customer service and regional business development, bringing GREE’s advanced energy efficient air conditioning solutions closer to Singaporean consumers and partners.

Media OutReach

Payment Options Singapore Secures In-Principle Approval from MAS for Major Payment Institution Licence

Published

12 hours ago

08/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 8 December 2025 – Payment Options Pte Ltd, a Singapore-based payment solutions provider, is pleased to announce that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence under the Payment Services Act 2019.

Payment Options Pte Ltd office in Singapore

This milestone underscores Payment Options’ commitment to supporting Singapore’s small and medium-sized enterprises (SMEs) with simple, secure, and accessible digital payment solutions.

If granted the licence, Payment Options Pte Ltd will be authorised to provide three regulated payment services: Merchant Acquisition, Domestic Money Transfer, and Cross-Border Money Transfer. Through these services, the company aims to empower SMEs with a full suite of payment capabilities — from online payment gateways and QR code payments to the upcoming SoftPOS payments technology — enabling merchants to accept digital payments easily and securely.

“We remain deeply committed to supporting Singapore’s SMEs as they grow and compete in an increasingly digital-first economy. Our vision is to position digital payments as a growth enabler — not a challenge — for small businesses”, said Aaron Yip, Director of Payment Options Pte Ltd. “Our goal is to make digital transactions seamless, secure, and accessible for every business, regardless of size.”

Building on this vision, if the licence is granted, Payment Options will continue to work closely with local merchants, financial institutions, and technology partners to enhance payment accessibility and drive innovation across Singapore’s SME ecosystem.

“We reaffirm our commitment to regulatory compliance and innovation, as we contribute to Singapore’s ongoing journey toward a secure, inclusive, and cash-lite economy.”

The IPA granted by the MAS indicates that a licence may be issued upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. The IPA does not constitute a licence to provide payment services at this stage, and MAS reserves the right to rescind the approval if it deems appropriate.
Hashtag: #PaymentOptions

https://www.paymentoptions.com/
https://www.linkedin.com/company/payment-options/
https://www.facebook.com/PaymentOptions.int/
https://www.instagram.com/payment.options/

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

About Payment Options Pte Ltd

Payment Options Pte Ltd is a Singapore-based financial technology company providing innovative and secure payment solutions designed to help SMEs and merchants simplify digital transactions. With a focus on compliance, technology, and customer experience, the company aims to make digital payments accessible for every business.

Media OutReach

Financial Assistance at SIM: Breaking Barriers to Education

Published

13 hours ago

08/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 8 December 2025 – For many aspiring learners, financial constraints remain one of the biggest obstacles to achieving their goals. SIM is determined to change that. Guided by the principle that no student should be left behind because of cost, SIM has built a comprehensive ecosystem of financial aid, scholarships, and bursaries to make quality education attainable for all.

At the heart of this mission is the SIM Impact Fund, a S$60 million initiative dedicated to empowering students from diverse backgrounds and ensuring that financial hardship never stands in the way of academic or personal growth. By blending need-based assistance with merit-driven opportunities, SIM is creating an inclusive learning environment where talent and ambition define success.

Empowering Learners Through the SIM Impact Fund

In 2024, SIM introduced the SIM Impact Fund, a S$60 million initiative dedicated to supporting students from lower-income households and ensuring that financial constraints do not hinder educational aspirations. Administered through SIM Trust, the fund is designed to empower learners within and beyond SIM’s community by removing barriers to access. Beginning in 2025, Singapore Citizens and Permanent Residents with a per-capita income of S$1,750 or below can benefit from tiered assistance, ranging from S$6,000 up to S$13,500 for those with PCI of S$600 or less, S$4,500 to S$6,750 for PCI between S$601 and S$1,000, and S$2,000 for PCI between S$1,001 and S$1,750. Beyond tuition aid, the fund also provides support for overseas internships and merit-based scholarships, benefiting approximately 500 students annually.

Beyond Tuition: Comprehensive Financial Aid

SIM’s commitment to learning accessibility goes far beyond tuition subsidies. Through its Financial Assistance schemes, students can tap into a range of support options tailored to different needs. These include Enhanced Bursaries Aid, which provide up to S$13,500 per year for Singapore Citizens, and a SIM GE Crisis Fund offering emergency relief of up to S$5,000 for unforeseen circumstances. In addition, SIM encourages global exposure through Study Abroad Awards, enabling students to broaden their horizons without financial strain. Together, these initiatives reflect SIM’s ethos of inclusivity and resilience, ensuring that financial challenges never derail academic aspirations.

Community-Focused Support

The Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) exemplifies SIM’s deep-rooted commitment to community empowerment and social impact. Launched in July 2024 in partnership with the late Dr Eu’s family,

RESSEC received a combined S$8 million donation, S$6 million from the Eu family and S$2 million from SIM, marking a significant investment in nurturing social entrepreneurship. Guided by Dr Eu’s vision of transforming social service through ethical leadership and innovation, the Centre equips learners and social service professionals via initiatives such as a specialised postgraduate Diploma in Social Entrepreneurship, mentorship, and collaborative dialogues.

RESSEC also provides 12 bursaries of S$10,000 each for SIM Global Education students (check that this is accurate and that it’s not also extended to those outside the SIM ecosystem) who demonstrate strong community service and leadership and those with per-capita income up to S$1,750, prioritising those with per-capita income less than S$1,000. Through this initiative, SIM embeds purpose-driven learning into its mission, empowering students to create sustainable, positive impact in Singapore and beyond

Scholarship for Excellence

SIM offers a diverse range of scholarships under SIM Global Education to recognize excellence and resilience among its students. These include the SIM STARRR Award, which provides up to S$36,000 to outstanding achievers who demonstrate academic distinction and leadership qualities, and the Sports & Arts Talent Award, also valued at S$15,000 for students who excel in athletic or artistic pursuits. Additionally, the Chairman’s Award for Resilience grants S$3,000 to students who successfully balance work and study commitments, showcasing perseverance in the face of challenges. Together, these scholarships complement SIM’s need-based financial aid, creating a holistic support system that rewards merit while ensuring inclusivity.

Conclusion: Building a Future Without Barriers

SIM’s financial assistance framework is more than a set of policies, it is a promise to the community. By investing in initiatives like the SIM Impact Fund and expanding bursaries and scholarships, SIM is actively dismantling the barriers that prevent talented individuals from reaching their potential. This approach does not just benefit students, it strengthens society by cultivating a diverse pool of graduates equipped to lead, innovate, and give back. In a world where education often comes with a hefty price tag, SIM stands out as a beacon of accessibility and empowerment. For students and families seeking assurance that quality education is within reach, SIM offers not just hope but a clear, actionable path forward.

References:

Bursaries & Financial Aid (Enhanced) – https://www.sim.edu.sg/degrees-diplomas/admissions/bursaries-and-financial-aids
Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/ressec
The Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) Opens to Advance Singapore’s Social Sector – https://www.sim.edu.sg/news-events/the-dr-richard-k-m-eu-sim-social-entrepreneurship-centre-%28ressec%29-opens
SIM Scholarship – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships
SIM’s STARRR Award – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-starrr-award-for-new-undergraduate-students
SIM Award and Sports & Artistic Award – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-global-education-scholarship
SIM Global Education Diploma Scholarships – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-global-education-diploma-scholarships
Chairman’s Award for Resilience – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/chairman-s-award-for-resilience

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

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

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit sim.edu.sg

Media OutReach

Beyond Academic Excellence: SIM Scholarships Champion Leadership, Resilience, and Talent

Published

1 day ago

07/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 7 December 2025 – The Singapore Institute of Management (SIM) is proud to reaffirm its commitment to developing future-ready graduates through a comprehensive scholarship framework that goes beyond academic achievement. These scholarships are designed to recognize and nurture qualities such as leadership, resilience, and talent. These attributes are essential for success in today’s dynamic global environment.

For decades, scholarships have been synonymous with academic excellence. SIM is redefining this narrative by adopting a holistic approach that values character, contribution, and courage alongside academic performance. This initiative reflects SIM’s mission to prepare graduates who are adaptable, innovative, and socially responsible.

Scholarships That Go Beyond Academics

SIM’s scholarship ecosystem reflects its belief that success is multidimensional. Rather than focusing solely on grades, these awards celebrate qualities such as resilience, leadership, and talent. The SIM STARRR Award, for instance, supports freshmen who embody Resilience, Resourcefulness, and Responsibility, offering up to S$36,000 in tuition fees, along with living and exchange allowances, without any bond requirement.

For students who shine in sports or the arts, the SIM Award & Sports/Artistic Talent Award provides S$15,000, disbursed in two tranches, to help them balance academic and extracurricular excellence.

International students pursuing diploma programmes can benefit from the Diploma Scholarships, which cover up to 100% of course fees for academic excellence or 50% for merit-based achievements.

For working adults who have overcome significant challenges, the SIM Chairman’s Award for Resilience offers S$3,000, recognizing perseverance and determination in the face of adversity.

Stories That Inspire

SIM’s scholarships are more than financial aid. They are catalysts for transformation, opening doors for students to turn challenges into triumphs. Take Ernita Tanudjaja, an international student who refused to let pandemic disruptions derail her ambitions. Instead, she leveraged technology to livestream events and boost engagement, showcasing resilience and resourcefulness.

Similarly, Chow Kah Ying, an ICU nurse, managed the intense demands of frontline healthcare during COVID-19 while completing her degree, showcasing perseverance and purpose. Likewise, Michelle Seah transformed O-level failure into triumph, excelling in javelin and academics to earn the SIM Sports & Artistic Talent Award, proof that determination and discipline can rewrite any story.

These journeys reflect SIM’s unwavering belief that leadership and resilience matter as much as grades, and that true achievement lies in character and contribution as much as in academic performance.

The Broader Vision

SIM’s scholarships represent more than financial assistance. They serve as a strategic platform for transformation and growth. Recipients benefit from networking opportunities that connect them with alumni and industry leaders, fostering mentorship and career development. Many scholarships also provide international exposure through exchange programmes that broaden perspectives and enhance global competencies.

In addition to academic achievement, students cultivate essential life skills such as leadership, resilience and adaptability through experiential learning and community engagement. These qualities equip graduates to excel in uncertain environments and contribute meaningfully to society.

This commitment reflects SIM’s core belief that education is not limited to examinations. It is about shaping leaders who create impact and drive positive change in a rapidly evolving world.

References: