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PROPEL with Singlife Crosses 1,000-Adviser Milestone Fuelling Next Phrase of Growth

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8 months ago

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Shared services hub to build on early momentum and further enhance all-in-one platform to empower financial advisory firms

SINGAPORE – Media OutReach Newswire – 2 October 2025 – PROPEL with Singlife, the one-stop shared services hub for financial advisory firms, announces today that it has onboarded over 1,300 financial adviser representatives (FARs), just nine months after its official launch. PROPEL continues to solidify its position as the trusted partner for financial advisers and firms looking to scale their businesses efficiently.

The announcement follows a double-win at the recent InsurInnovator Connect Asia Awards, held on 24 September, where PROPEL clinched the ‘Operational Excellence Pioneer’ and ‘Technology Integration Excellence’ awards. Back in July, PROPEL was also named the ‘Insurtech Initiative of the Year – Singapore’ at the 10th Insurance Asia Awards. The awards validate PROPEL’s market-disrupting proposition and its mission to help FA firms scale their businesses.

Steven Ong, CEO of PROPEL with Singlife, said: “PROPEL started as an idea to ease the administrative challenges tied agents face in establishing their own firms while ensuring customers benefit from unbiased advice and a broader range of financial products. We are driven by the vision of helping aspiring entrepreneurial financial advisers to succeed on their own terms. We are humbled to have crossed the 1,000-adviser mark within a year of our official launch, and we are motivated to work with our clients to continue enhancing our platform and services, to enable them to focus on what matters most – delivering exceptional service to their clients.”

To build on its momentum, PROPEL is focussed on delivering a platform that will allow its client firms to streamline operations, enhance efficiency, and deliver more value to their clients. Last month, PROPEL announced the appointment of Terry Chen as its new Chief Technology Officer (CTO). With over 18 years of experience in financial services, technology, and strategy consulting, Terry leads PROPEL’s efforts in growing platform capabilities to address operational inefficiencies faced by financial advisers.

Jean Yeo, Head of Platform and Client Engagement at PROPEL, said: “We are extremely pleased to achieve this major milestone this quickly, but we’re not getting ahead of ourselves. Even as we continue to receive more enquiries on our services and onboard new client firms, we’re continuously listening to our clients and finding ways to improve our platform to meet the evolving needs of advisers. For example, in the early stages, our platform faced some stability challenges, such as connectivity timeouts and slower-than-expected response times, but many of our clients remained steadfast in their support. We’re thankful for the patience and trust our clients have given us, and we’re determined to do right by them. PROPEL is much more than a platform – we’re a one-stop solution, including operation, product and finance support services for new FA firms to start their business or established FA firms looking to grow their business. Our goal is to provide a seamless business solution that allows FA firms and their advisers to thrive amidst competition.”

PROPEL’s team of around 30 technology professionals is focused on continuously improving the platform’s reliability and optimising user experience based on client feedback. In latest feedback from client firms, PROPEL’s platform has seen a significant performance improvement in response times and transaction success rates.

Last month, PROPEL launched “e-FNA 2.0”, an upgrade on the electronic Financial Needs Analysis module on its platform to provide FA firms greater flexibility in meeting their individual business and compliance needs.

PROPEL’s multi-tenanted platform is designed to ensure that all client FA firms benefit from system upgrades and enhancements without incurring additional costs. Every FA firm on the PROPEL platform benefits equally when new features or upgrades like “e-FNA 2.0” are rolled out. This approach not only reduces operational expenses for FA firms but also ensures that every enhancement is accessible to all users.

Shaun Lin, CEO of GEN Financial Advisory, and an industry veteran with over 25 years’ experience, said: “For GEN, having a trusted partner like PROPEL is important. We appreciate their commitment to listening to feedback and continuously enhancing their platform for clients. Whether it’s their client engagement or tech teams, PROPEL has been steadfast in their support, no matter the time of day. Over my years as a financial planner, I’ve seen firsthand what works and what doesn’t in this industry. We are excited to continue this partnership and we look forward to achieving greater success together.”

Beyond technology, PROPEL’s team of nearly 100 seasoned professionals bring a comprehensive and modular suite of middle-to-back-office services, designed to support financial advisory firms from start-ups to those well-established in key aspects of their operations, allowing them to scale in an efficient and cost-effective manner. These include new business lodgements, commission management, product due diligence reporting and comprehensive product comparisons, as well as finance operations like accounts payable and receivable management.

Additionally, in line with its commitment to moving the industry towards an open architecture, PROPEL offers guidance and support to help aspiring entrepreneurial advisers start their own firms and deliver hyper-personalised solutions to consumers. This will ultimately shape a more customer-centric and innovative financial advisory industry.

PROPEL takes a product-agnostic approach towards its business. Its subscription-based model means that rather than having a stake in the firms they support or loading client firms with the burden of sales quotas, PROPEL’s sole interest is in helping firms succeed on their own terms. This allows advisers to focus on delivering unbiased, client-centric recommendations that meets their clients’ unique financial needs. PROPEL believes this ultimately benefits the financial advisory industry by offering customers greater choice in financial products, empowering advisers with autonomy, and challenging insurers and distributors to offer a more diverse range of products and services.

To learn more about how PROPEL helps FA firms scale their businesses effectively, visit singlife.com/en/propel.

Hashtag: #PROPEL #PROPELwithSinglife #FinancialAdvisor #FinancialAdvisors #FinancialAdviser #FinancialAdvisers #FinancialAdvisory


is a one-stop shared services centre under the Singlife Group, a leading homegrown financial services company. PROPEL provides financial advisory firms with an integrated digital and administrative platform that offers seamless middle to back-office support which can be scaled according to their business needs. We are committed to streamline the way financial advisory firms operate at every stage of their business and provide innovative solutions to empower financial advisers, so that they can stay ahead and focus on what matters most – their clients.

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Hong Kong Company Formations Surge 40.5% in 2025, Outpacing Regional Competitors

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11 hours ago

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15/05/2026

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Air Corporate data reveals 9 in 10 founders incorporated in Hong Kong do so remotely, driven by a 20% surge in Middle Eastern entrepreneurs seeking cost-effective operational alternatives to Dubai.

HONG KONG SAR – Media OutReach Newswire – 15 May 2026 – Air Corporate registered a 40.5% increase in Hong Kong incorporations in 2025, with the first quarter of 2026 already up 48% year-over-year. This data indicates that Hong Kong is reasserting itself as the leading Asian jurisdiction for company formation, fueled by a new wave of remote founders from the Middle East, North Africa, and Europe.

The prevailing narrative over the past five years suggested that Singapore was eclipsing Hong Kong; however, recent incorporation volumes challenge this. According to city-wide official figures cited by Vivian, Founder of Air Corporate, approximately 195,000 companies were registered in Hong Kong in 2025, compared to around 77,000 in Singapore.

“There was a lot of fuss about Singapore taking over Hong Kong as preferred jurisdiction over the last few years, but for 2025 alone, around 195,000 companies were formed in HK, vs around 77,000 for Singapore,” said Vivian. While city-wide registrations rose roughly 35% in 2025, incorporations at Air Corporate specifically grew by 40.5%. Vivian added, “With a 35% increase in the number of companies registered in 2025, Hong Kong is definitely back in the game as the top jurisdiction to start a company.”

The reality of Hong Kong company formation is increasingly global, lean, and founder-led. Nine in ten founders incorporated in Hong Kong with Air Corporate do not live there.

Key demographic and operational insights from Air Corporate’s client base include:

  • Approximately 90% of founders operate remotely from abroad, while 10% or less are based in Hong Kong.
  • Entrepreneurs aged 35 to 44 represent the largest age cohort at 38%, demonstrating that Hong Kong attracts founders in their prime career years rather than just younger digital nomads.
  • Serial entrepreneurs make up 60% of Air Corporate’s client mix, utilizing Hong Kong as an operational base for multiple companies, while first-time founders account for the remaining 40%.
  • A total of 89% of new companies are launched by solo founders (58%) or small teams of two to five individuals (31%).
  • Mainland China, Hong Kong, Turkey, India, the UAE, Australia, France, and Morocco rank among the top source markets for these founders.

Furthermore, 73% of new Hong Kong incorporations are directly tied to physical goods trade with China. This consists of e-commerce and dropshipping businesses (38%) and the trading of goods (35%). The recovery of in-person trade flows, including events, such as the Canton Fair and various industrial fairs, is pulling foreign founders back into the Greater China orbit and establishing Hong Kong as the natural entry point and financial layer over the world’s largest manufacturing base.

Air Corporate’s data recorded a 20% year-over-year growth in founders originating from the Middle East. This shift highlights a reverse migration where founders previously incorporated in Dubai are now choosing Hong Kong. Based on Vivian’s observations, founders often arrive in Dubai expecting fast incorporation and low costs, but discover that incorporation and maintenance are significantly more expensive than in Hong Kong, and banking remains difficult. Consequently, many founders move to Hong Kong after 12 to 24 months in the UAE, a trend accelerated by the Hong Kong government’s strategic outreach to the region.

For lean, remote-first businesses, speed-to-market is a critical factor. A founder located anywhere in the world can incorporate in Hong Kong and open a working bank account in approximately 7 days using digital banking partners. Currently, 90% of Air Corporate’s clients utilize these digital banking partners.

“Hong Kong and Singapore are the only places in Asia where you can set up your company, get a corporate account, and be in business in less than a week,” concluded Vivian.

Air Corporate is a service provider facilitating company formation and incorporation in Hong Kong for serial entrepreneurs, first-time founders, and remote-first business owners operating globally.

Media Inquiries
To learn more about Hong Kong company formation, visit Air Corporate’s website or contact their team directly.

Hashtag: #AirCorporate

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

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Natural Diamonds Sparkle on The Red Carpet at The 2026 Met Gala Celebrating “Costume Art”

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11 hours ago

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15/05/2026

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Today’s biggest stars express individuality and confidence with natural diamonds

NEW YORK, US – Media OutReach Newswire – 15 May 2026 – The 2026 Met Gala celebrating “Costume Art” took place May 4th at the Metropolitan Museum of Art in New York City, bringing together leading figures from across the globe for an unforgettable evening. These tastemakers showcased the most classic, refined and distinctive diamond jewelry looks of the season. Below, A Diamond is Forever highlights the standout trends from the event.

Desert diamonds

Desert diamonds emerged as a striking throughline on the Met Gala carpet, with a range of hues in distinctive settings taking focus.

Rihanna led the trend in a pair of exceptionally rare old Moghul Golconda fancy brown-yellow diamond earrings by Glenn Spiro, featuring two pear-shaped natural diamonds totaling 51.9 carats. Doja Cat offset her all nude look with a pair of large Leviev Diamonds floral-shaped earrings while Paloma Elsesser made a statement in a 29.5-carat diamond necklace by Bernard James, centered around a 15-carat fancy light yellow pear-shaped natural diamond. Cara Delevingne wore a De Beers London Forces of Nature High Jewelry ring, featuring marquise yellow diamonds set as eyes, while Emma Chamberlain opted for yellow and white diamond earrings by Chopard, underscoring the continued allure of warm diamond hues.

Magnificent Diamond Earrings

A wide variety of captivating silhouettes defined the natural diamond earrings on the Met Gala carpet. Zoë Kravitz delivered a modern twist with oversized diamond flower earrings by Jessica McCormack. Chase Sui Wonders opted for Jean Schlumberger by Tiffany & Co. Sea Fan earrings, bringing an element of sculptural artistry to the look. Gracie Abrams selected gently dangling Chanel earrings, adding understated fluidity, while Connor Storrie selected simple hoop earrings from Tiffany & Co., reinforcing the clean and enduring appeal of natural diamonds.

Standout Diamond Moments

Natural diamonds appeared in personal, unconventional and eye-catching ways, offering moments of surprise and awe. Power couple Beyoncé and Jay-Z embodied this trend with Beyoncé wearing Chopard’s Queen of Kalahari necklace, named after the rare 342-carat diamond that provided 23 stones for Chopard’s Garden of Kalahari collection. Jay-Z contributed to the narrative with a vintage diamond brooch by Briony Raymond worn at the collar as an unexpected placement that underscored the piece’s versatility. Isha Ambani made the styling of diamonds an art form in itself, wearing her own diamond jewelry featuring approximately 150 carats of old mine-cut diamonds, including a three-strand necklace and chandelier earrings, while also incorporating diamonds sewn directly into the bodice of her sari to represent significant moments in her life.

Together, these looks highlighted a shift toward natural diamonds as vessels of personal expression, styled with intention, individuality, and a sense of the unexpected.

Hashtag: #MetGala #RedCarpet #ADiamondisForever #NaturalDiamonds #Diamonds





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

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Turn Your Savings into a Front-Row Experience: HL Bank Singapore Offers Exclusive Passes to AsiaTop Music Festival 2026

Published

22 hours ago

on

14/05/2026

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The premier music festival will play host to 16 K-pop, regional and Malaysian stars including, in performance order: Day 1 – NexT1DE, Aina Abdul, Belle Sisoski, Win Metawin, NMIXX, WINNER, DAESUNG, KUN. Day 2 – Uriah See, Firdhaus, Butterbear, 82MAJOR, STAYC, CRAVITY, TWS, CxM

SINGAPORE – Media OutReach Newswire – 14 May 2026 – Your next major K-pop experience is just a savings goal away as HL Bank Singapore (“HLB Singapore”) bridges the gap between financial wellness and the front row. In an exclusive collaboration designed for the ultimate music enthusiast, the bank is offering fans the chance to secure a pair of sought-after AsiaTop Music Festival 2026 tickets, valued at up to RM1,098 (approx. S$355), simply by growing their wealth.

HL Bank Singapore is giving music fans the chance to redeem exclusive passes to the AsiaTop Music Festival 2026, featuring top Asian acts, through its iSavings Reward Campaign.

This unique initiative stems from the regional synergy between Hong Leong Bank (“HLB”) and Tencent Music Entertainment Group (JOOX and QQ Music). By aligning with Visit Malaysia Year and Visit Selangor Year 2026, HLB is transforming the traditional banking experience into a gateway for premium entertainment. Scheduled for 30 and 31 May 2026 at the iconic Sepang International Circuit, the festival promises a high-octane weekend featuring an elite lineup of Asian superstars, including the largest K-pop showcase in the ASEAN region.

Securing a spot at the heart of the action has been streamlined through the iSavings Reward Campaign, running from 9 May 2026 to 18 May 2026. To participate, fans first decide on their preferred festival experience, selecting either a pair of Standard Passes with a S$5,000 deposit or the high-energy, nearer-to-the-stars Rockzone Passes with a S$8,282 deposit for their chosen day.

Once a tier is selected, customers can register by depositing the qualifying funds into an iSavings account via FAST or Links transfer. To validate their entry, customers must include the specific Comment Code, such as PALLIR1 for Day 1 Rockzone, within the funds transfer description. The qualifying balance must be maintained within the account for a six-month (182 days) earmarked period.

With only 88 pairs of tickets available for this exclusive campaign, the stakes are high. Allocation is limited to 22 pairs per day for each ticket category and will be awarded strictly on a first-come, first-served basis. Fans are encouraged to act quickly to ensure their savings work as hard as they do while securing a premier seat at the musical event of the year.

For full terms & conditions, and further details, please visit: www.hlbank.com.sg/AsiaTop2026

Hashtag: #HLBankSingapore

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

HL Bank Singapore

HL Bank Singapore is the Singapore branch of Hong Leong Bank Berhad, a leading digital-centric Malaysia-based financial services institution with a rooted heritage in the country spanning over 120 years. Operating under a Full Bank Licence in Singapore, HL Bank offers a comprehensive range of financial services to our business, retail and high networth customers through our 4 core business segments – Business & Corporate Banking, Personal Financial Services, Private Wealth Management and Global Markets.

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