Media OutReach
GROW with Singlife and aberdeen Launch New Exclusive Share Class of Global Income Bond Fund to Deliver Sustainable Payouts Amid Market Volatility
Globally diversified portfolio of crossover bonds aims to deliver attractive yields for investors
SINGAPORE – Media OutReach Newswire – 14 March 2025 – GROW with Singlife (“GROW”), the integrated investment platform under leading homegrown financial services company Singlife, in partnership with aberdeen Investments (“aberdeen”), today launches a new share class of the abrdn SICAV II – Global Income Bond Fund (the “Fund”). Currently exclusive to GROW on its platform, the A Gross Inc Hedged SGD offers investors a compelling Yield to Worst of 6.5% (USD hedged)[1], comprising appealing monthly payouts with potential capital appreciation.
Finding a sweet spot between investment-grade bonds and high-quality high-yield debt, the Fund invests substantially in global multi-sector bonds rated BBB (the lowest investment-grade rating) and BB (the highest high-yield rating). This dual-market approach appeals to both conservative investors seeking stability and those pursuing higher returns. With a globally diversified portfolio spanning investment-grade, high-yield, government, and emerging markets bonds, the Fund offers attractive yield potential while maintaining moderate credit risk, making it a compelling long-term solution for income-focused investors.
The launch comes at a pivotal time in the market. With inflation easing across most global markets and central banks expected to begin rate-cutting cycles, returns from short-term cash management instruments such as fixed deposits and money market funds have declined, making them less appealing to investors looking for higher yields. In such an environment, fixed income investments are gaining attention for their ability to provide higher yields and more sustainable returns. According to Morningstar, a leading global investment research firm, fixed income funds saw record inflows of USD1 trillion in 2024, trumping all other asset classes.
Tim Wong, Head of Product at GROW with Singlife, said: “As part of our commitment to provide advisers and their clients access to innovative and high-quality investment opportunities, we are proud to partner with aberdeen for the launch of an exclusive share class of the abrdn SICAV II – Global Income Bond Fund. With rising life expectancy and increasing cost of living, many investors are looking for ways to secure reliable income to support their retirement goals. This Fund represents a compelling option for those seeking attractive, stable income solutions with controlled risks.”
As Singapore’s population ages and life expectancy continues to rise, the need for reliable retirement income is becoming increasingly critical. A 65-year-old today requires an estimated $685,000 to fund 20 years of retirement, or approximately $2,856[2] per month, covering basic expenses. With stable and attractive payouts to support long-term financial security, the abrdn SICAV II – Global Income Bond Fund offers a sustainable solution for investors.
Natalie Tan, Head of Wholesale Southeast Asia at aberdeen Investments, said: “We are thrilled to partner with GROW with Singlife to introduce a new share class of the abrdn SICAV II – Global Income Bond Fund to investors. This Fund reflects aberdeen’s commitment to help investors navigate market transitions with innovative solutions that aims to achieve sustainable, long-term returns. Looking at the existing landscape, the current bond yields across nearly all major fixed income sub-asset classes well exceed their 10-year averages, presenting an enticing entry point for fixed income investors. With a globally diversified portfolio of bonds, this Fund will be a valuable addition to any income-focused portfolio, offering the potential for high-yield returns at investment-grade risk levels.”
The Fund has a strong history of delivering consistent income and competitive performance. Over the past decade, it has consistently ranked among the top performers in its category, according to Morningstar. As of December 2024, the Fund is in the top 25% in terms of performance over the last one, five, and seven years within its category. This demonstrates its ability to generate attractive, risk-adjusted returns across different market conditions, making it a reliable choice for income-focused investors.
GROW officially introduced the abrdn SICAV II – Global Income Bond Fund, A Gross Inc Hedged SGD, at a launch event at Marina One, attended by industry leaders and financial advisers. Investors can contact their Financial Adviser Representatives or visit grow.singlife.com to learn more.
Hashtag: #GROWwithSinglife
The issuer is solely responsible for the content of this announcement.
About GROW with Singlife
GROW with Singlife is an integrated investment platform under the Singlife Group, a leading homegrown financial services company. GROW’s platform offers an integrated investment solution that combines intuitive technology with tailored services, and a progressive range of products, alongside insights, tools, and support, to enable advisers to provide more meaningful and impactful advice to their clients. We are committed to supporting our employees, financial advisers, and end clients with care, consideration, and compassion at every step of their financial life journey.
About aberdeen
aberdeen is a global investment company that helps clients and customers plan, save and invest for the future. Our purpose is to enable our clients to be better investors. aberdeen manages and administers £511.4bn of assets for clients (as at 31 December 2024). Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and Personal – focused on their changing needs. The capabilities in our investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge. Our teams collaborate across regions, asset classes and specialisms, connecting diverse perspectives and working with clients to identify investment opportunities that suit their needs. As at 31 December 2024, our investments business manages £369.7bn on behalf of clients – including insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks and family offices.
About Singlife
Singlife is a leading homegrown financial services company that offers consumers a better way to financial freedom. We are headquartered in Singapore with a presence in the Philippines.
Singlife meets diverse customer needs by offering a comprehensive suite of insurance products, including life and health, general insurance and investments, employee benefits and financial advisory solutions.
We achieve this through a differentiated, open-architecture distribution model and Singapore’s largest network of financial advisers.
A pioneer in the digital insurtech space, we offer digital solutions accessible through the Singlife App and GROW with Singlife, an investment platform.
We are a key player in the employee benefits solutions space and are the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. We’re also one of three government-approved long-term care insurance providers in Singapore.
We take our commitment to achieving Net Zero seriously and are an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment.
Singlife was formed from the merger of Aviva Singapore and Singlife, originally an insurtech start up, in January 2022. Singlife is now a wholly owned subsidiary of Sumitomo Life, who acquired Singlife in 2024. We have over S$14 billion in assets as of 31 December 2023 and are rated “A” and “Baa1” by Fitch and Moody’s respectively.
Sumitomo Life was established in 1907 and is one of Japan’s largest life insurance companies, with over US$300 billion in assets as of 31 March 2024.
Media OutReach
Asia Coach Group Partners with Veteran Business Consultant Rick Tam to Launch “Business Breakthrough” Programme for Hong Kong SMEs
Challenging Business Environment Demands New Solutions
Hong Kong’s SMEs are facing unprecedented operational pressures. According to a survey by CPA Australia, 37% of small businesses in Hong Kong struggle to obtain external financing. Data from Airwallex further reveals that 96% of SMEs have experienced cash flow difficulties in the past year. With property asset values declining, banks’ insistence on property collateral for loans has left many enterprises in financial distress.
Responding to Market Needs with Systematic Business Upgrade Solutions
“Hong Kong has never lacked capital—what’s missing is the mechanism to connect businesses with it,” Rick Tam noted. The programme addresses common pain points faced by local SMEs, including declining profits, low business valuations, tight cash flow, and recruitment challenges. Built upon the four-pillar framework of “Commerce, Strategy, Breakthrough, and Structure,” the curriculum covers stabilising cash flow and enhancing financial flexibility, repositioning businesses and improving client quality, reshaping product value and expanding profit margins, as well as systematising operations and attracting investors. The programme commits to helping participants improve cash flow, increase business value, and strengthen their business models within 90 days.
Four Practical Tools for Immediate Application
Participants will acquire four core tools: the “Cash Flow Vortex System” for rapid assessment of financial status and establishing safety buffers; the “A.T.C. Client Leverage Ladder” for repositioning and enhancing client value; the “High-Value Breakthrough Method” for creating products with greater value and trust; and the “Marketing Triangle Matrix” for integrating human resources, client bases, and operational systems to plan business expansion. The programme adopts a six-step progressive model—from restructuring business models, improving profit margins, attracting capital injection, building high-performance teams, and systematising operations, to ultimately helping business owners reclaim their time and freedom.
Instructor Credentials
Programme instructor Rick Tam is a graduate of the University of Hong Kong’s Business School and currently serves as CEO of two family offices and chief consultant to several others. He holds the CFPCM Certified Financial Planner designation. Tam has founded more than nine brands spanning wealth management, securities, and food and beverage sectors, and has guided over 1,000 participants through business expansion.
As Hong Kong’s economy seeks transformation, channelling capital precisely into the real economy through the “Business Breakthrough” approach offers more than a lifeline for SMEs—it injects vital momentum into Hong Kong’s long-term economic development.
Hashtag: #RickTam #AsiaCoach
The issuer is solely responsible for the content of this announcement.
Media OutReach
Zuellig Pharma Strengthens Consumer Healthcare Portfolio with the Acquisition of Zam-Buk® and Vapex® Brands from Bayer
Zam-Buk® is an ointment used for the temporary relief of pain and itch, including discomfort from insect bites. First launched in 1902, Zam-Buk® has retained strong brand equity over the decades and is widely perceived as a trusted household brand. Vapex® is a nasal inhaler used to help relieve nasal congestion. Launched in 1917, Vapex® has built meaningful brand recognition, particularly in Thailand.
The acquisition of the brands supports Zuellig Pharma’s strategic priority to strengthen and scale its consumer healthcare portfolio across Asia. It also marks the company’s second consumer healthcare acquisition, following Propan in the Philippines, reinforcing its focus on building a strong commercial platform for trusted, everyday healthcare products in the region.
Hashtag: #ZuelligPharma #ConsumerHealthcare #ConsumerHealth #Healthcare #Pharmaceuticals #Zambuk #Vapex #Bayer
https://www.zuelligpharma.com/
https://www.linkedin.com/company/zuellig-pharma
The issuer is solely responsible for the content of this announcement.
About Zuellig Pharma
Zuellig Pharma is a leading healthcare solutions company in Asia, and our purpose is to make healthcare more accessible to the communities we serve. We provide world-class distribution, commercialization, and clinical trial support services, underpinned by a strong culture of innovation to support the growing healthcare needs in this region. The company was founded a hundred years ago and has grown to become a multibillion-dollar business covering 18 markets with over 12,000 employees. Our people serve more than 200,000 medical facilities and work with over 450 clients, including the top 20 pharmaceutical companies in the world.
Media OutReach
International Entertainment Corporation to Hold EGM on 26 February 2026 for Proposed Convertible Notes Issuance
DigiPlus Interactive Corp., named as one of the Fortune Southeast Asia 500, together with its subsidiaries, is an innovative digital entertainment group in the Philippines and is a leader in the casinos and gaming industry. On 17 November 2025, the Company entered into the Subscription Agreement with the Subscriber, pursuant to which the Company conditionally agreed to issue and the Subscriber conditionally agreed to subscribe for the Notes in two tranches with a maturity of five years and an interest rate of 3% per annum.
Upon full conversion of the Notes at the initial Conversion Price, a total of 1,600,000,000 Shares will be issued by the Company, representing approximately 53.89% of the issued share capital of the Company as enlarged by the issue and allotment of the Conversion Shares. As such, the Subscriber will be obliged to make a mandatory general offer pursuant to Rule 26.1 of the Takeovers Code, unless the Whitewash Waiver is granted and approved.
The initial Conversion Price of HK$1.00 per Conversion Share represents a discount of approximately 3.85% to the closing price of HK$1.04 per Share as quoted on the Stock Exchange on the Latest Practicable Date (6 February 2026).
The board of Directors (the “Board“) believes that the Subscription would be beneficial to improving and strengthening the Group’s liquidity and financial position on a longer-term basis. In the event that the Subscriber converts part or the full amount of the Notes into the Conversion Shares, it will also broaden the shareholder and capital base of the Company. The Group intends to apply part of the net proceeds raised from the issuance of the Notes of approximately HK$489.22 million for the early repayment of the Promissory Notes and interest accrued thereon (the “PN Repayment“), and approximately HK$392.39 million to early repay the Secured Bank Borrowing to achieve immediate interest savings.
The remaining net proceeds will primarily be used for funding the Investment Commitment and attractive investment/business opportunity(ies); and as general working capital of the Group. The Investment Commitment is currently expected to include capital investments for acquisition of land for the expansion of the Group’s integrated resort in Manila City in the Philippines (the ”Hotel”) and the construction of additional hotel rooms, for provision of other amenities of the integrated resort, and for ongoing upgrades, refurbishments and renovations to the facilities and infrastructures of both the Hotel and the Group’s existing casino (the “Casino“).
The Independent Board Committee, which comprises all the independent non-executive Directors, is of the opinion that (i) the terms of the Subscription Agreement are on normal commercial terms, and the terms of the Subscription, the Whitewash Waiver and the Special Deal (the PN Repayment to the PN Holder) are fair and reasonable so far as the Independent Shareholders are concerned; and (ii) the Subscription, the Whitewash Waiver and the Special Deal are in the interests of the Company and the Shareholders as a whole and as far as the Independent Shareholders are concerned. It, therefore, recommends the Independent Shareholders to vote in favour of the relevant resolution(s) to be proposed at the EGM.
Hashtag: #InternationalEntertainmentCorporation
The issuer is solely responsible for the content of this announcement.
About International Entertainment Corporation (HKEX: 1009)
International Entertainment Corporation is an investment holding company. The Company and its subsidiaries are principally involved in hotel operations, operating the gaming business under provisional licence and leasing of gaming venues at the hotel complex of the Group in Metro Manila in the Republic of the Philippines to a tenant for authorized gaming operation and live poker events in Macau.
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