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Prudential report reveals ASEAN economic boost linked to life and health insurance growth

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6 months ago

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The “Beyond Coverage” study shows over 4 per cent GDP gains if insurance uptake increases by 50 per cent between 2023 and 2050

HONG KONG SAR – Media OutReach Newswire – 23 September 2025 – Expanding insurance coverage could increase economic growth across six ASEAN countries, adding over 4 per cent to GDP in key markets between 2023 and 2050, according to a study titled “Beyond Coverage – The Social and Economic Impact of Insurance in ASEAN”, commissioned by Prudential plc (“Prudential”). This report highlights how insurance is not just a safety net, but a powerful driver of inclusive development and resilience.

The study, through a blend of qualitative analysis and quantitative econometric regression in partnership with PwC, evaluates the social and economic impact of insurance in six ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. It highlights the crucial role of life insurance and non-life insurance (inclusive of health insurance) in advancing the Sustainable Development Goals and contributing to key factors of long-term economic growth, including labour force participation, capital deepening, and human capital development.

Using annual data from 1999 to 2019 for the six countries, quantitative modelling reveals that a 50 per cent increase in life insurance uptake by 2050 could see up to 5.1 per cent rise in GDP per capita and a 4.4 per cent growth in the total GDP in these countries. Similarly, a 50 per cent growth in non-life insurance coverage is projected to yield up to 3.1 per cent increase in GDP per capita and a 2.6 per cent increase in the total GDP in the six countries. These gains can be attributed to a more robust workforce and greater financial confidence.

Neil Moge, Group Chief Investment Officer at Prudential plc, said: “Insurance is a powerful catalyst for sustainable growth across ASEAN, underpinning the region’s journey toward resilience and prosperity. By delivering essential risk protection and fostering financial stability, insurers lay the groundwork for communities to flourish.

“Moreover, the industry’s ability to direct long-term capital into critical sectors, such as infrastructure and green energy, fuels economic advancement and social well-being. The continued expansion of insurance throughout ASEAN opens new horizons of opportunity, empowers inclusive development, and enables the entire region to thrive.”

Steven Chan, Group Chief Government Relations and Policy Officer at Prudential plc, said: “The study presents substantial opportunities for policymakers and industry leaders to capture the benefits of insurance.

“By sharing these findings, our goal is to provide further insights and initial policy recommendations in promoting sustainable and inclusive growth of the insurance industry. In the short term, priorities include implementing fiscal incentives such as tax deductions for insurance premiums and establishing supportive regulatory frameworks to capture the benefits of insurance. Long-term strategies focus on talent development and public-private partnerships to improve the insurance ecosystem and public awareness.”

Prudential is committed to continuing its work alongside other stakeholders in ASEAN to harness the power of a robust insurance sector, which is essential for fostering economic development and enhancing social welfare.

For more information on the study and its findings, please click here.Hashtag: #Prudential

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

About Prudential plc

Prudential provides life and health insurance and asset management in Greater China, ASEAN, India and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (HKEX: 2378) and the London Stock Exchange (LSE: PRU). It also has a secondary listing on the Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock Exchange (NYSE: PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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FikaGO Debuts in SoHo, Blending Pet Stroller with Modern Lifestyle Design

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3 days ago

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02/04/2026

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The Taiwan-born pet mobility brand opens its first SoHo pop-up inside Flying Solo, bringing its Nordic-designed pet stroller collection to the heart of New York City.

NEW YORK, USA – Media OutReach Newswire – 02 April 2026 – FikaGO, the design-led pet mobility brand recognized across Asia and Europe, has opened its first New York City pop-up store inside Flying Solo in SoHo. The opening marks a deliberate move for a pet brand into one of the world’s most competitive retail districts.

FikaGO Blending Pet Stroller with Modern Lifestyle Design

Since entering the online American market in 2025, FikaGO has built a growing community of pet parents who see their animals as a central part of everyday life. Positioned as lifestyle essentials rather than conventional pet gear, FikaGO’s range of products is designed for people who want the best for their fur babies.

“We’ve always believed that pet products should not only be functional, but also beautifully integrated into everyday life.” — Eric Guu, Co-founder, FikaGO

SoHo was a considered choice: Flying Solo, with locations in New York and Paris, is known for championing independent design with a distinctly global sensibility.

The pop-up showcases FikaGO’s auto-folding Free To Go 2 in Sandy Beige, the brand’s bestselling product. All FikaGO’s products are manufactured using eco-friendly fabrics made from recycled materials, reflecting a commitment to sustainability. This includes their large-capacity Agile 2 pet strollers to their airline-approved Truffle carriers and the heavy-duty Kross pet wagon.

“Launching in SoHo is a meaningful milestone for us; it allows customers to truly experience the quality, design, and intention behind every FikaGO product.” — Eric Guu, Co-founder, FikaGO

As pet ownership rises globally, particularly among urban millennials and Gen Zs, demand for products that combine functionality, design, and lifestyle integration continues to grow. FikaGO was built for precisely this moment, and SoHo is precisely where that moment lives.

Visit the FikaGO pop-up at Flying Solo, 419 Broome Street, New York, or explore the full collection at https://us.fikago.com/.
Hashtag: #FikaGO #petmobilitybrand #petstroller #petcarrier #petwagon #petkennel #petbiketrailer




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About FikaGO

FikaGO is a pet mobility brand founded in Taiwan, dedicated to crafting products that blend functionality, comfort, and modern aesthetics. With a presence across Asia and growing reach in Europe and the U.S, FikaGO is redefining everyday experiences between pets and their humans.

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Media OutReach Newswire Powers Chinese Brands Going Global with Kitty Lee as New Managing Partner, Greater China

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3 days ago

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02/04/2026

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SHENZHEN, CHINA – Media OutReach Newswire – 2 April 2026 – Media OutReach Newswire, Asia Pacific’s first and only global newswire, has appointed Ms Kitty Lee as Managing Partner, Greater China. This is a newly created role designed to accelerate the company’s growth in Mainland China and Greater China.

As the first and only newswire company founded in Asia Pacific, Media OutReach Newswire is committed to supporting Mainland Chinese companies as they expand into international markets. The company helps them build brand awareness and reputation through its global press release distribution network, which reaches more than 200,000 journalists and editors across over 500 trade media outlets. The journalist database is researched and maintained by a team of media researchers based around the world. As a result, the distribution has helped Mainland Chinese clients garner earned media coverage and attract journalists’ inquiries for feature interviews.

Additionally, the newswire guarantees news posting on its clients’ press release on real news sites with domain authority. This is especially important as the public are using Gen AI-Citation. Media OutReach Newswire has just launched JSON-LD (JavaScript Object Notation for Linked Data) Schema Markup to enhance the technical infrastructure of clients’ press releases and optimise AI visibility. The company continues to focus on adopting AI across its press release distribution network, workflows, and post-release reporting.

Jennifer Kok, Founder and CEO, says: “Our focus has always been on supporting PR, marketing, and communications professionals in achieving real results in building brand awareness for their companies. Together with our Total PR and Communications AI-powered SaaS portal, our total solutions from connecting press releases with real journalists maximising earned media coverage, to creating AI-visible online news postings, and delivering auto-downloadable multi-format reports with data insights and PR campaign intelligence have provided clients with tangible results.”

“We are pleased that Kitty, who brings over two decades of experience in the PR industry and a strong track record of helping Chinese brands successfully expand into global markets, has joined us as Managing Partner,” she added. “Having used Media OutReach Newswire’s press release distribution service for several years, she was impressed by the company’s deep understanding of client needs and the quality of its deliverables.”

Kitty Lee added, “I have seen the important role that Media OutReach Newswire has played in my work, and the brand trust we have helped to achieve for Mainland Chinese companies expanding into global markets. I am inspired by the opportunity to contribute my knowledge, drive change, and foster innovation for the advancement and efficiency of the Chinese Mainland PR industry.”

Ms Jennifer Kok, Founder and CEO of Media OutReach Newswire, further says, “The growing demand for an authentic newswire partner has created a clear opportunity for us to expand into Mainland China, GBA and Greater China. Kitty brings exactly what we need: deep relationships across this region’s PR and marketing community, and a clear understanding of what brand communications must achieve. Her in-depth industry knowledge will guide our market expansion and product development as we our business goal is to support Chinese Mainland companies to build their brand awareness and brand reputation across Southeast Asia, ASEAN, Asia Pacific, the USA, Canada, Latin America, UK & Europe, the Middle East, and Africa.”

Kitty joins from FleishmanHillard, where she served as Senior Vice President & Partner, advising clients across retail, property, healthcare and travel & tourism sectors. She holds a Master’s degree in Education from the University of Nottingham and a Bachelor’s degree in Communications from Hong Kong Baptist University. A Cantonese native, she is fluent in English and Mandarin, and will be based in Hong Kong.

Hashtag: #MediaOutReachNewswire #pressrelease

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

About Media OutReach Newswire

Media OutReach Newswire is Asia Pacific’s first global newswire, serving as a trusted partner to media, corporations, agencies and governments across the region and the globe.

Founded in 2009 as a champion of the PR industry, Media OutReach Newswire leverages AI and SaaS technology to redefine press release distribution, providing Total Communications Solutions with data insights and PR campaign intelligence for strategic communicators and PR professionals.

With a global network of over 200,000 journalists and editors, 70,000+ media titles, 1,500 media partners, and more than 40 languages, Media OutReach Newswire is the only global newswire with guaranteed verbatim postings on real news sites. Press releases on authentic media with high domain authority are trusted by search engines and AI models, power SEO and GEO for AI search, surfacing brands for LLM citations.

Headquartered in Hong Kong SAR, with offices across Chinese Mainland, Singapore, Japan, Malaysia, Thailand, Vietnam, and Taiwan, the global press release distribution network spans Asia Pacific, ASEAN, and Southeast Asia, the US, Canada, Latin America, Europe, the Middle East, and Africa.

For more information about our services, solutions and network, please visit

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MAXHUB Singapore Enables Smarter Collaboration Across Education and Corporate Environments with Future-Ready Technologies

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3 days ago

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02/04/2026

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SINGAPORE – Media OutReach Newswire – 2 April 2026 – MAXHUB Singapore, a leading provider of collaborative and audio visual communication technologies, is redefining the way organisations and institutions connect, present, and collaborate. With a strong focus on intuitive, interactive, and high-performance solutions, MAXHUB empowers both educational institutions and corporate organisations to meet the evolving demands of modern learning, communication, and teamwork.

In collaboration with Audax, a leading visual technology solutions provider and the official distributor of MAXHUB Singapore, the brand is deploying future-ready technologies designed for seamless integration into classrooms, lecture halls, conference venues, meeting rooms, and other collaborative spaces.

MAXHUB offers a comprehensive ecosystem of solutions designed to enhance engagement, productivity, and collaboration across a wide range of environments. The brand’s current lineup addresses the specific transformation goals, space requirements, and presentation needs of large-scale institutions.

Advanced Technology for Learning, Meetings, and Collaboration

MAXHUB’s suite of collaboration and visual communication solutions are engineered to support interactivity, inclusivity, and ease of use. From classrooms and lecture theatres to boardrooms and conference spaces, these products are built to deliver seamless and impactful user experiences.

  • MAXHUB XBoard V7 Interactive Flat Panel

The MAXHUB XBoard V7 is a Windows-based (via optional OPS PC module) interactive flat panel designed for modern collaboration across both educational and corporate environments. Featuring a 4K touch display with high colour accuracy, it supports real-time annotation and multi-user interaction, making it ideal not only for interactive teaching and training sessions, but also for corporate meetings, presentations, workshops, and brainstorming sessions.

Built to support hybrid collaboration, the XBoard V7 incorporates a Triple 50-megapixel AI-powered camera system and a 16-microphone array with Intelligent Audio Fence technology. These features help capture clear visuals and isolate voices while reducing background noise, creating more natural and inclusive experiences for both in-room and remote participants.

In classroom settings, this supports more engaging hybrid learning; in meeting rooms and conference spaces, it enables clearer communication and more effective team collaboration. Wireless screen sharing via MAXHUB Share, AirPlay, Miracast, and Chromecast, along with BYOD support, further simplifies connectivity, allowing lessons, meetings, and presentations to proceed without technical disruption.

  • MAXHUB All-in-One Interactive LED Wall (Raptor Series V3)

Designed for large classrooms, lecture theatres, auditoriums, conference venues, and event spaces, the MAXHUB All-in-One Interactive LED Wall (Raptor Series V3) delivers a seamless, large-format visual experience. Featuring ultra-high resolution, high brightness levels, and fine pixel pitch, it ensures content remains clear, vivid, and impactful even in expansive or well-lit environments.

Beyond visual clarity, the interactive LED wall supports multi-touch interaction and real-time drawing, enabling dynamic presentations, live annotation, collaborative discussions, and audience engagement. This makes it well suited for educational lectures, institutional events, corporate town halls, conferences, and high-impact presentations where visibility and interaction are equally important.

  • MAXHUB CMA Series All-in-One Displays

The MAXHUB CMA Series combines display, audio, and collaboration capabilities into a single, space-efficient solution suitable for classrooms, meeting rooms, and multi-purpose spaces. Its sleek, integrated design allows it to blend naturally into different environments without the need for complex external equipment.

Engineered with intelligent power management, the CMA Series supports energy efficiency during extended use, aligning with sustainability considerations within corporate and educational institutions. Its flexible configuration options and compatibility with multiple collaboration platforms allow the solution to adapt easily to different room sizes, layouts, and teaching scenarios.

Reducing Complexity and Supporting Operational Efficiency

MAXHUB solutions are designed to support the operational and IT objectives of modern campuses and workplaces alike.

The all-in-one design of the deployed MAXHUB solutions consolidates display, audio, camera, and collaboration tools into a single platform, reducing the need for multiple standalone devices.

This simplifies installation, reduces cabling, and lowers long-term maintenance requirements. Centralised device management capabilities enable IT teams to monitor performance and deploy updates efficiently. The intuitive design also ensures accessibility for users with varying levels of technical familiarity, featuring plug-and-play functionality and wireless connectivity.

More importantly, the intuitive design of the solutions ensures accessibility for users with varying levels of technical familiarity. Plug-and-play functionality, simple interfaces, and wireless connectivity allow users to make use of the technology more confidently, with minimal training required.

A Vision for Future-Ready Collaboration

MAXHUB’s approach to education technology is rooted in usability, inclusivity, and future readiness. The provision of all-in-one interactive flat panels, and large-format interactive LED display allows corporate offices and educational institutions to build a broader strategy for digital growth.

MAXHUB is committed to supporting the creation of learning and collaboration environments that are interactive, inclusive, and designed for the future — from classrooms and lecture halls to meeting rooms and conference spaces.

For more information about MAXHUB’s solutions, visit https://www.audax.com.sg/maxhub/.
Hashtag: #Audax #Maxhub



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

About Audax

With 16 years of experience in the technology industry, Audax has grown from a visual solutions provider for real estate developers and corporate clients into a comprehensive technology solutions company. Today, Audax delivers a range of services, including architectural visualization, corporate conferencing solutions, workplace automation through robotics, and customized technology solutions for diverse industries.

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