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Mandarin Oriental, Hong Kong And LANDMARK Unveil a New Dining Venture in Partnership with Award-Winning French Chef Daniel Boulud
An iconic landmark in Hong Kong, Mandarin Oriental Hotel Group’s original flagship hotel has been an integral part of the city’s culinary landscape since its establishment in 1963. This new opening will mark Terrace Boulud’s inaugural presence in Asia and will be the hotel’s first dining venture beyond the iconic flagship hotel’s own premises which are home to nine outstanding restaurants and bars, including MICHELIN-starred venues, which have been offering guests legendary and memorable dining experiences over the last 60 years. Mandarin Oriental now extends its legacy of culinary innovation and excellence to the beautifully reimagined LANDMARK PRINCE’S.
Last year, Hongkong Land announced ‘Tomorrow’s CENTRAL’, a US$1 billion transformation of LANDMARK, which includes the reimagination of 10 world-class luxury retail ‘Maisons’. Upon completion, LANDMARK will feature over 100 diverse restaurants, bars and grab-and-go offerings, including 9 with outdoor terraces. Mandarin Oriental already operates 16 restaurants in Central and LANDMARK, boasting 9 MICHELIN Stars. Its restaurants and bars are highly coveted by top-tier customers of LANDMARK’s BESPOKE loyalty programme – in 2024, over 3,000 BESPOKE members dined at Mandarin Oriental, with some 300 of these customers ranking among LANDMARK’s top 1,000 customers.
Terrace Boulud represents Chef Boulud’s continual exploration of his most fundamental culinary inspirations and a highly personal, soulful expression of his craft, adding to his global presence which includes the MICHELIN-starred New York flagship Daniel, as well as outposts in Toronto, Palm Beach, Riyadh and the Bahamas. Skilfully reinterpreting classic bistro favourites with a contemporary flair, Terrace Boulud will invite guests to a sensory exploration of French culinary delights complemented by Asian-inspired creations. The seasonal, rotating menu will be based on Chef Boulud’s four culinary muses: La Tradition (French classics), La Saison (specialities of the market), Le Potager (the vegetable garden), Le Voyage (exotic flavours from the world’s great cuisines).
Perched high amidst the shimmering skyscrapers of the city, the venue will exude timeless elegance and warmth, capturing the sophisticated charm of a French café as well as the international glamour of Hong Kong. Guests will be able to enjoy lunch, afternoon tea, and dinner within the expansive restaurant. In addition, the spectacular rooftop terrace will offer creative cocktails, a refined wine selection, and curated local beers to complement the breathtaking views of the harbour, late into the night.
Terrace Boulud will be designed by Malherbe Paris, known for its bold and narrative-driven approach to hospitality, who will also be designing the new public and wellness spaces at Mandarin Oriental, Hong Kong. Inspired by the golden age of French brasseries and the elegance of luxury train travel, the interiors will invite guests into a timeless space where Parisian sophistication meets the lush vibrancy of Hong Kong. Textural contrasts, curved woodwork, hand-crafted details and layered lighting will create a warm and immersive atmosphere, paying tribute to local artisanship and creating a sense of journey. Echoing Chef Daniel Boulud’s global culinary vision, the space will be a refined celebration of the French Art de Vivre — interpreted with a contemporary twist in the heart of Asia.
Construction is scheduled to begin in May 2025.
“We are thrilled to be working with Chef Daniel Boulud and LANDMARK to introduce this unique concept to the city. The space on top of LANDMARK PRINCE’S is exceptional, truly at the heart of Hong Kong, and is the perfect setting in which to create this extraordinary dining experience that exemplifies Mandarin Oriental’s commitment to excellence,” says Greg Liddell, Area Vice President, Operations and General Manager of Mandarin Oriental, Hong Kong.
“The 25th floor of LANDMARK PRINCE’S is a legendary location that has captivated guests from both Hong Kong and around the world. We look forward to an exciting new chapter in this storied destination and further deepening our partnership with Mandarin Oriental” says Alexander Li, Director and Head of Retail, Hong Kong & Macau of Hongkong Land.
“It is an honour for me to partner with Mandarin Oriental to bring Terrace Boulud to Hong Kong. I am endlessly inspired by the flavours and culinary variety of the region, which provides a wonderful interchange with French tradition. I look forward to welcoming our guests to explore it with me in such an iconic location,” said Chef Daniel Boulud.
Hashtag: #MandarinOriental
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About Daniel Boulud
Daniel Boulud, a native of Lyon, France, is considered one of America’s leading culinary authorities and one of the most revered chefs in New York, his home since 1982. Best known for his eponymous, exquisitely refined DANIEL on Manhattan’s Upper East Side, he has continually evolved his cuisine and expanded across the United States, as well as Toronto, Montreal, The Bahamas, Singapore, Dubai and Riyadh.
His culinary endeavors have brought him numerous accolades, yet his inspiration remains grounded in the rhythm of the seasons. From his MICHELIN-starred flagship to his restaurants across the globe, Chef Daniel’s culinary approach remains contemporary while staying true to French tradition and his life as a chef in New York.
About The Dinex Group
Founded by MICHELIN-starred Chef Daniel Boulud, The Dinex Group, LLC is a collection of internationally renowned and acclaimed restaurants with an emphasis on hospitality, from fine dining to casual cuisine, served at the highest level. A culinary innovator and iconic restaurateur, Chef Boulud founded The Dinex Group in 1993 with his eponymous restaurant, DANIEL, growing it today to multiple venues around the world.
About Malherbe Paris
Malherbe Paris is a creative powerhouse with significant experience in the luxury space, both in terms of physical space design and the development of a unique kind of storytelling, above and beyond standardized practices, which is key to delivering memorable moments, and increasing customer engagement, by creating experiences just as important as product.
About Mandarin Oriental, Hong Kong
The iconic Mandarin Oriental, Hong Kong is the epitome of contemporary luxury combined with Oriental heritage. Having delighted guests with award-winning services and impressive facilities for over 60 years, it is a much-loved address for those seeking an exclusive sanctuary in the heart of the city. The hotel’s spacious rooms and suites offer magnificent views of the renowned Victoria Harbour and the city’s skyline. A collection of nine outstanding restaurants and bars, including Michelin-Starred restaurant and Asia’s 50 Best Bar, a luxurious club lounge, a Shanghainese-inspired holistic spa, an indoor pool and a state-of-the-art fitness centre, make Mandarin Oriental, Hong Kong the quintessential “home away from home” for discerning leisure and business travellers alike.
About Mandarin Oriental Hotel Group
Mandarin Oriental is the award-winning owner and operator of some of the world’s most luxurious hotels, resorts and residences. Renowned for creating outstanding properties, each destination reflects the Group’s dual Asian heritage, local culture and unique design. Driven by a passion for the exceptional, every day, everywhere, the Group’s mission is to craft time enriching experiences that transform the ordinary to the exceptional and guests to fans through its legendary service. The Group now operates 43 hotels, 12 residences and 26 exclusive homes in 27 countries and territories with many more projects under development. Mandarin Oriental continues to drive its reputation as an innovative leader in luxury hospitality, delivering sustainable growth over the long term.
About LANDMARK
LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers over 200 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.
About Hongkong Land
Hongkong Land is a major listed property investment, management and development group. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 830,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. The Group has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, which is due to be completed in 2028. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.
Beyond Balance: The Next Regime
HONG KONG SAR – Media OutReach Newswire – 13 January 2026 – Today, KGI has released its 2026 Global Market Outlook, covering markets in the US, Mainland China, Hong Kong, Taiwan, and Singapore.
After a turbulent year of trade disruptions and policy uncertainty under President Trump, investors face new questions. China has unveiled its 15th Five-Year Plan, as policymakers aim to support domestic growth amid global challenges. The market outlook for 2026 is shaped by interest rate decisions, economic resilience, and shifting international dynamics.
Under this backdrop, we propose the “LEAD” strategy for 2026:
- Liquidity Shift
- Earnings Focused
- Adding Credit
- Diversified Assets
Cusson Leung, Chief Investment Officer at KGI, says: “Looking ahead to 2026, investors can adopt a LEAD strategy: L stands for Liquidity Shift, benefiting from a weakening US dollar and interest rate cuts, with funds expected to flow to non-US dollar and Asian currencies; E stands for Earnings Focused, focusing on earnings growth to support valuations and allocating to US, European, and Japanese stocks; A stands for Adding Credit, locking in the credit of leading companies and increasing holdings of A-rated investment grade bonds; and D stands for Diversified Assets, responding to the upward trend in both stocks and bonds by including alternative assets to optimize asset allocation.”
Macro & US Markets
The US economy will experience a more pronounced downturn in 4Q25, which will extend into 1H26, and this will have a negative impact on consumption, slowing investment activity. Nevertheless, AI-driven productivity gains should provide some support, with US GDP growth in 2026 forecast at 2.2%. The eurozone will see moderate growth, with Germany benefiting significantly from fiscal expansion and economic improvement. Japan’s economy will strengthen on domestic demand, aided by additional fiscal stimulus. China has demonstrated resilience under trade protectionism in 2025. With inflation risks easing and labor market risks rising, the US Fed cut the interest rates in September 2025, with a total reduction of 75 bps in 2025, followed by an additional 50-75 bps in 2026.
Regarding US stocks, AI-driven productivity gains and cost reductions should sustain solid profitability, with S&P 500 earnings projected to grow by 13.55% year-on-year (YoY) in 2026. However, higher risk premiums may cap valuation upside, leading us to project a year-end target of 7,650 points. Market performance will reflect risk-driven declines in 1Q26, stabilize and recover in 2Q26, and rally significantly around the midterm elections in 4Q26. By sector, among AI-related themes we favor technology, semiconductors, utilities (on higher power demand), machinery for advanced manufacturing, and industrial REITs. Non-AI beneficiaries include aerospace and defense (on higher military spending), pharmaceuticals (on tariff benefits), and capital market segments (supported by active investment banking). As for fixed income, US economic weakness and Fed rate cuts will drive Treasury yields lower, with 10-year yields expected to fall to 3.5-3.7% by 2Q26. We recommend allocating to US Treasuries or high-rated investment-grade corporate bonds in 1H26, then rotating into high-yield bonds in 2H26 as policy rates and economic conditions reach a bottom.
James Chu, Chairman at KGI Securities Investment Advisory, says: “AI is triggering a new productivity revolution, supporting economic growth and strengthening corporate earnings. While the US economy is expected to slow, a recession remains unlikely, and the short-term impact of tariff policies should gradually fade by the first quarter of 2026. Although the Fed may shift from cutting rates at every meeting to cutting at alternating meetings, the overall environment remains a rate-cutting cycle. In a non-recession backdrop, lower interest rates should continue to support equity market performance.”
Mainland China and Hong Kong Markets
In terms of the macroeconomy, with the conclusion of trade agreements among many countries, risks have subsided. However, due to external drag, China’s GDP growth is expected to slow slightly to 4.6% in 2026. In 2026, investors should focus on four key areas for Hong Kong and mainland China markets: (1) In the consumption sector, domestic demand continued to be the core growth driver, contributing more than half of GDP. As the “trade-in” effect diminishes, the central government is expected to implement the “15th Five-Year Plan” and economic conference plans, launching a new round of subsidies covering culture, entertainment, and sports to continuously boost consumer spending. (2) In the financial market, risk appetite has increased. Given the narrowing spread between bond yields and fixed deposit rates, large amounts of savings are flowing into the capital market seeking returns. The fundamentals of the banking and insurance industries have bottomed out, and the credit structure is accelerating its shift from real estate to supporting the real economy. (3) Regarding the issue of “anti-involution,” the PPI remains weak, and capacity reduction has become a focus. Compared to 2015, this round involves more downstream private enterprises and needs to consider employment, presenting greater challenges. While industry consolidation is expected to be lengthy, the impact is controllable and beneficial for long-term healthy development. (4) Regarding new quality productive forces, this will replace real estate and infrastructure as the main investment focus. Digital infrastructure supports AI and embodied intelligence, and humanoid robots are expected to see commercialization in 2026, “iPhone moment.” Leading companies with core technological autonomy in innovative drugs will enjoy higher valuation premiums.
Overall, we are optimistic on Hang Seng Index. We expect the Federal Reserve’s interest rate cuts to drive fund inflows to the Hong Kong and mainland stock markets. Based on an upward revision of the forward PE ratio to 13.5x and 8% earnings growth, we set a target of 30,000 points for the Hang Seng Index by the end of 2026, representing a potential upside of approximately 14%. As confidence recovers, the investment style is expected to shift from defensive to growth stocks. Recommended 12 stocks: XPeng Motors (9868), UBTECH (9880), Tencent Holdings (700), Alibaba (9988), China Hongqiao (1378), AIA Group (1299), Ping An Insurance (2318), China Merchants Bank (3968), Akeso Biopharma (9926), Pop Mart (9992), Tencent Music (1698), and Sino Land (83).
Cusson Leung, Chief Investment Officer at KGI, says: “2026 marks a crucial turning point for the Chinese economy. While the market anticipates GDP growth to slow to 4.6%, “new quality productive forces,” resembling humanoid robots, is taking over as a new growth engine. The most critical signal in the market is the “awakening” of idle cash—massive savings are flowing from low-interest fixed deposits to the capital market seeking returns. With risk appetite returning and policy support intensifying, now is the time to shift investment strategies from “defensive” to “growth.” Driven by both valuation repair and earnings growth, we are optimistic that the Hang Seng Index will reach 30,000 points, and the allocation value of Hong Kong and mainland China stocks has reappeared.”
Taiwan Market
Compared to the dot-com era bull run, which lasted almost five years, the current AI frenzy has been around for about three years, suggesting that the uptrend is still in its middle phase and could extend through 2026.
AI plays are trading at high PEs, such valuations are backed by strong fundamentals. In fact, the PEG ratio of Taiwan’s AI supply chain has yet to surpass 1x. We estimate that aggregate earnings of AI plays will grow by 21% YoY in 2026, following impressive upticks of 35% in 2024 and 43% in 2025. AI stocks now account for more than 60% of TAIEX earnings, and with the ongoing AI arms race, overall TAIEX earnings growth is projected to accelerate from 14% in 2025F to 20% in 2026.
Although the AI frenzy should keep the bull market intact, volatility will rise in tandem due to: (1) substantial cumulative gains, and the fact that valuations are approaching historic highs; (2) policy and political uncertainty surrounding the US midterm elections; and (3) potential changes in the US Fed’s rate-cut pace. We expect the TAIEX to repeat a “smile-curve” pattern, featuring continued strength in 1Q26, followed by healthy corrections in 2Q-3Q26 before closing the year with a renewed upswing.
We think investors need to pay attention to two major themes. The first is a broad-based product spec upgrade trend across the AI supply chain, which will drive the industry into a new growth phase, with beneficiaries including foundries, GPU and ASIC designers, advanced packaging (such as CoWoS), and ODMs, as well as testing interfaces, memory, thermal solutions, CCL, ABF substrates, PCBs, switches, and power component suppliers amid strong AI computing demand and ongoing GPU platform upgrades. The second is diversification and defensive asset allocation. Innovations in consumer electronics, such as foldable iPhones and smart wearables, will provide growth opportunities, while companies with resilient domestic demand and stable high dividend yields offer a balanced strategy combining growth and income. Overall, investors should strike a balance between growth and resilience against volatility in their portfolios, in the face of market fluctuations.
James Chu, Chairman at KGI Securities Investment Advisory, says: “The solid earnings growth driven by AI and still reasonable valuations form a strong foundation for the ongoing bull market in Taiwanese equities. With AI adoption accelerating across enterprises and consumers, demand for computing power is rising rapidly. Yet supply remains constrained by chip and power bottlenecks, meaning hardware suppliers are likely to face continued shortages through 2026. Taiwan’s AI supply chain is set to remain a key beneficiary, particularly those tied to next-generation specification upgrades.”
Singapore Market
In 9M25, the overall performance of Singapore’s economy was better than expected as the global trade tensions eased after the US pivoted on its reciprocal tariffs and reached deals with its major trading partners. The manufacturing, wholesale trade and finance & insurance sectors remained the growth pillars of the Singapore economy, and each sector delivered decent growth. In particular, manufacturing’s growth has been robust, driven by the electronics, transport engineering and biomedical manufacturing clusters. The full year outlook is upbeat, as the growth momentum shall continue till the end of the year.
Looking ahead, the global economic outlook for 2026 suggests slower GDP growth for most of Singapore’s key trading partners, including China and the Eurozone, largely due to the impact of US tariffs, which will temper demand for Southeast Asian exports, though US growth is expected to remain resilient from AI investment. Consequently, Singapore’s outward-oriented sectors, particularly manufacturing and trade-related services, are projected to expand at a slower pace than in 2025, although the electronics and related sectors will benefit from AI demand, while some precision engineering and biomedical output may moderate domestically, the construction sector is set to grow, but consumer-facing sectors are likely to remain subdued. However, the relatively low interest rates and continuous government support shall buffer the impact of the slowdown, and the capital market will still benefit from the upward re-rating catalysts.
Chen Guangzhi, Head of Research at KGI Singapore, says: “Thanks to trade de-escalation and the AI wave, Singapore experienced significant economic expansion in 2025. Proactive government initiatives turbo-charged the equity bull run, and this strong momentum is expected to deliver an optimistic economic outlook for 2026.”
Hashtag: #KGI #MarketOutlook
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KGI
KGI* has been a leading financial institution in Asia since 1997. Our scope of business encompasses wealth management, brokerage, fixed income, and asset management. We are committed to offering a comprehensive range of financial products and services to corporate, institutional, and individual clients throughout Asia. Backed by KGI Financial Group, we have a robust footprint in Asia, covering Taiwan, Hong Kong, Singapore, Indonesia, and Thailand^.
*KGI refers to KGI Asia Limited and its affiliates.
^an investee enterprise of KGI Securities, not a subsidiary.
Representing an Increase of approximately 11.6%
HONG KONG SAR – Media OutReach Newswire – 13 January 2026 – BBSB International Limited (“BBSB” or the Company”, together with its subsidiaries, the “Group”; stock code: 8610.HK), an established civil engineering contractor in Malaysia, announces its successful listing on the GEM of The Stock Exchange of Hong Kong Limited (“SEHK”) today.
The closing price of BBSB’s shares was HK$0.67 per share. The highest share price of the day was HK$3.11 per share. On its first trading day, trading volume of the shares of BBSB reached approximately 120 million with a total turnover of approximately HK$180 million.
Lego Corporate Finance Limited is the Sole Sponsor. Lego Securities Limited is the Sole Overall Coordinator. Lego Securities Limited and Fortune Origin Securities Limited are the Joint Bookrunners and Joint Lead Managers.
Datuk Tan, Chairman of the Board and Executive Director of the Group, said, “The successful listing of the Group’s shares on the GEM of the SEHK today signifies a major milestone in the Group’s development, while also reflecting investors’ strong confidence in our business and future prospects. Looking ahead, we will continue to capitalise on our professional expertise in the civil engineering sector, actively seize development opportunities in Malaysia and other regions and remain dedicated to maximising value for our shareholders.”
Hashtag: #BBSB #IPO #Trading
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BBSB International Limited
BBSB International Limited is a civil engineering contractor in Malaysia with over 16 years of experience, specialising in providing bridge engineering services for large-scale transportation infrastructure engineering projects owned or initiated by the government or government-linked companies in Malaysia. The Group has strategically expanded its civil engineering works to include flood mitigation works. The Group has participated in a number of notable transportation infrastructure engineering projects in Malaysia, such as Eastern Dispersal Link, Duta-Ulu Kelang Expressway, Damansara-Shah Alam Elevated Expressway and the SUKE Highway. The Group currently holds a CIDB Grade G7 qualification in Category CE (Civil Engineering Construction), Category B (Building Construction) and Category ME (Mechanical and Electrical) in Malaysia, which is the highest grade of contractor licence under the Construction Industry Development Board of Malaysia, allowing it to undertake civil and structural works of unlimited tender/contract value.
Media OutReach
Swiss-Belhotel International Strengthens Africa Portfolio with the Launch of The Gama by Swiss-Belhotel, Kilimani, Nairobi
Scheduled to open within the next 12 months, The Gama by Swiss-Belhotel, is strategically located in Kilimani, one of Nairobi’s most dynamic and sought-after districts. It features 155 well-appointed guest rooms, complemented by an extensive range of lifestyle and business facilities, including two food and beverage outlets, a fully equipped gym, a rooftop swimming pool, a dedicated ladies’ sauna, and expansive ballroom and meeting facilities.
Dr. Sheikh Mohamed Shakul, CEO of Albushra Real Estate Limited, said: “The Gama by Swiss-Belhotel represents a bold and future-focused development for Nairobi. Our vision was to create a modern hospitality and lifestyle destination that reflects the energy of the city while meeting the evolving expectations of today’s traveller. Partnering with Swiss-Belhotel International, with its global expertise and strong operational standards, ensures that this project will set a new benchmark in the market.”
Mr. Gavin M. Faull, Chairman and President of Swiss-Belhotel International, added: “The launch of The Gama by Swiss-Belhotel marks a significant milestone for our group as we introduce a new brand to our global portfolio. Africa continues to be a key focus market for Swiss-Belhotel International, and Nairobi, in particular, offers tremendous potential. This signing reflects our confidence in the city’s long-term growth and our commitment to delivering brands that are relevant, contemporary, and market-driven.”
Highlighting the strategic importance of the project, Mr. Laurent A. Voivenel, SVP – Operations & Development, EMEA and India, Swiss-Belhotel International, stated: “The Gama by Swiss-Belhotel has been carefully conceptualised to resonate with the next generation of travellers – those seeking authenticity, smart design, and social connectivity without compromising on comfort or service quality. This signing not only strengthens our footprint in Kenya but also underscores our broader expansion strategy across Africa and emerging markets.”
Hashtag: #swissbelhotel #swissbelhotelinternational #thegamabyswiss-belhotel #hotelkenya #hotelnairobi #kenya #nairobi
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