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China Construction Bank Singapore Hosts Forum to promote Fintech and Sustainability at the Singapore FinTech Festival 2024

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The only Insights Forum session hosted by a major Chinese financial institution and a top Chinese universityThe first International Fintech forum hosted by Southwestern University of Finance and Economics in an overseas venueCCB Singapore joined the Green Circle, a flagship sustainability ecosystem program initiated by Gprnt, as one of the pioneer members

SINGAPORE, Nov. 6, 2024 /PRNewswire/ — China Construction Bank Corporation Singapore Branch (“CCB Singapore”), collaborating with Southwestern University of Finance and Economics (“SWUFE”), a renowned university in China, held an international forum on Fintech and Sustainability at the Singapore FinTech Festival’s (“SFF”) Insights Forum on November 5, 2024. Leong Sing Chiong, Deputy Managing Director (Markets and Development) of the Monetary Authority of Singapore (“MAS”, Singapore’s Central Bank) delivered a welcome address, where he congratulated CCB Singapore and SWUFE for the collaboration in hosting the forum, and welcomed CCB Singapore as one of the pioneer members of the Green Circle, a flagship sustainability ecosystem program initiated by Gprnt.  

Over 100 guests including representatives from the Economic and Commercial Office of the Embassy of P. R. China in Singapore, business associations in Singapore, Chinese financial institutions and tech companies, attended the event.

CCB Singapore and SWUFE established a strategic partnership on Fintech in 2023.  SWUFE has held six International Fintech Forums in China, featuring a Nobel Prize laureate in Economics in each session. The 2024 Forum was the first time SWUFE brought it overseas, joining hands with CCB Singapore and choosing the SFF as a platform for its debut. The Forum was also the only one that was hosted by a large Chinese financial institution and a major Chinese university in the two-day Insights Forum of the SFF 2024.

Sir Oliver Hart, winner of the 2016 Nobel Prize in Economics, delivered a video speech on the outlook and challenges of CSR and ESG. The speech reiterated the impact of business activities on the environment, discussed the concept of maximization of shareholder welfare instead of shareholder interest, the roles of government in dealing with climate change and the roles of MNCs in facilitating international cooperation. Pamela Mar, Managing Director of the International Chamber of Commerce (ICC) Digital Standards Initiative (DSI) and Senior Fellow at the Asia Global Institute, provided insights in digital solutions to supply chain sustainability and sustainable finance.

CCB Singapore and SWUFE demonstrated the fruits of their collaboration to date, in using technology to assist the digital transformation of the banking industry. In the panel discussion hosted by Yap Poh Seng, Chief Commercial Officer of CCB Singapore, panellists Lionel Wong, Executive Director of Gprnt, Zhao Jingmei, Professor and Executive Vice Dean of School of Finance, SWUFE, Gu Lingyun, Founder, Chairman and CEO of IceKredit, and Vinothan Tulisinathzan, Counsellor (Investment) and Director of Malaysia Investment Development Authority Singapore, discussed their respective roles in enabling sustainable growth with Fintech solutions. In the company showcase session, three tech companies shared their technologies and products in tackling some of the acute environmental and health issues today.

Sun Nianbei, General Manager of CCB Singapore, commented, “Digital finance, Fintech and green finance are important parts of our business strategy for both CCB Singapore and our head office. With a commitment to contributing to a green and digital economy in Singapore, we are glad to join our partner SWUFE and host the Forum at the SFF. We had very meaningful discussions with policy makers, regulators, scholars and the Fintech industry from China, Singapore and beyond, and I’m sure these will lead to more collaborations and more impactful fintech innovations in the future.”

Li Zhisheng, Vice President of SWUFE, said: “SWUFE has proactively adapted to the changes in the evolving economy, new technologies and business models in recent years. Utilising basic theories, key technologies and application scenarios in Fintech, we focus on tackling some of the most important issues while nurturing the development of higher education in finance. We are pleased to host our first International Fintech Forum overseas in Singapore together with CCB, and SFF has been a great platform for us to share SWUFE’s views on responsible finance and responsible Fintech.”

The Singapore FinTech Festival, launched in 2016, is an annual global gathering of policymakers, regulators, central bankers, fintechs, technologists, investors and the finance industry. Designed to foster impactful connections and collaborations, SFF is a platform to explore the intersections of cutting-edge financial solutions, evolving regulatory landscapes, and the latest technological innovations. SFF champions sustainable practices, emphasising responsibility in every aspect of the festival.

About China Construction Bank Corporation

China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor, People’s Construction Bank of China, was established in October 1954. It was listed on Hong Kong Stock Exchange in October 2005 (stock code: 939) and Shanghai Stock Exchange in September 2007 (stock code: 601939). At the end of 2023, the Bank’s market capitalisation was approximately US$151,857 million, ranking eighth among all listed banks in the world. The Group ranks second among global banks by Tier 1 capital.

The Bank provides customers with comprehensive financial services, including corporate finance business, personal finance business, treasury and asset management business and others, serving 757 million personal customers and 10.82 million corporate customers. It has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance, futures, pension and investment banking. At the end of 2023, the Group had 376,871 employees and 14,895 operating entities, including nearly 200 overseas entities, which covered 31 countries and regions.

CCB started its operations in Singapore in 1998, and is currently holding a Qualifying Full Bank License (awarded by the MAS in December 2020). CCB Singapore is committed to contributing to the green and low-carbon development of Singapore and Southeast Asia, by building an eco-friendly bank together with our employees, customers, and business partners. In April 2024, CCB Singapore signed a Statement of Intent with MAS-launched ESG data platform Gprnt, marking the first collaboration between a major Chinese financial institution and Gprnt to support small and medium-sized enterprises’ decarbonisation and transition financing needs.

For more information, please visit www.ccb.com

 

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SOURCE China Construction Bank Corporation

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Walmart Has 23.6% of U.S. Grocery Sales – But Costco Owns the AI Answer – 5W Grocery Retail AI Visibility Index 2026

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Walmart Owns 21% of U.S. Grocery — But Costco Owns the AI Answer 

NEW YORK, May 7, 2026 /PRNewswire/ — 5WPR, the premier AI communications firm in the United States, today released the U.S. Grocery Retail AI Visibility Index 2026 — the 11th installment in 5W’s AI Visibility Index research series, and the first to rank American grocery retailers by how frequently they are cited inside AI-generated answers.

The headline finding rewrites the category league table.

Walmart, with approximately 21 percent of U.S. grocery market share — the largest in the country — ranks fourth in AI citation share. The retailer cited most often when American shoppers ask ChatGPT, Claude, Perplexity, or Google AI Overviews where to buy their groceries is Costco. Trader Joe’s ranks second. Whole Foods ranks third. Aldi, H-E-B, and Wegmans are all punching far above what their physical footprint would predict.

“Market share is a lagging indicator. AI citation share is a leading indicator,” said Ronn Torossian, Founder and Chairman of 5W. “The grocers who close that gap in 2026 will define the category in 2030. Most grocery CMOs we talk to are running 2019 playbooks against 2026 consumer behavior.”

5W researchers ran more than 80 consumer-intent queries across 12 sub-categories — best overall grocery store, cheapest, highest-quality produce, best private label, best organic, best meal planning, best bulk, best delivery, best customer service, best regional, and others — across the four leading consumer AI platforms. Each retailer was scored on citation frequency, position within the answer, sentiment, and sub-category dominance.

The top 10: Costco, Trader Joe’s, Whole Foods, Walmart, Kroger, Aldi, H-E-B, Publix, Wegmans, and Target.

Key structural findings:

Market share no longer predicts AI citation share. Walmart’s roughly 21 percent share translates to an estimated 8 to 10 percent AI citation share across premium query categories. The decoupling is the single largest such gap in American retail.Private label is the highest-leverage citation asset a grocer owns. Kirkland, Trader Joe’s, 365, Good & Gather, and Great Value are cited directly by name in AI answers at rates that exceed most national CPG brands.Regional loyalty translates directly into regional AI dominance. Regional chains outperform national chains in their home markets by 3x or more.Reddit and TikTok are under-priced citation surfaces. Perplexity pulls a majority of its answers from community sources. ChatGPT and Claude weight Reddit heavily.

The report also identifies six 2026 dynamics reshaping the category, including the new GLP-1 grocery basket, Aldi’s expansion as a citation-compounding program, and Walmart’s CEO transition from Doug McMillon to John Furner — effective February 1, 2026 — as a brand-narrative inflection point.

The full Index, including ranks 11 through 25 and sub-category breakdowns, is available as a free download at 5wpr.com/research.

About 5W

5W is the AI Communications Firm, building brand authority across the platforms where decisions now happen — ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews — alongside earned media, digital, and influencer channels. 5W combines public relations, digital marketing, Generative Engine Optimization (GEO), and proprietary AI visibility research, helping clients measure and grow their presence in AI-driven buyer research. 

Founded more than 20 years ago, 5W has been recognized as a top U.S. PR agency by O’Dwyer’s, named Agency of the Year in the American Business Awards®, and honored as a Top Place to Work in Communications in 2026 by Ragan. 5W serves clients across B2C sectors including Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, and Nonprofit; B2B specialties including Corporate Communications and Reputation Management; as well as Public Affairs, Crisis Communications, and Digital Marketing, including Social Media, Influencer, Paid Media, GEO, and SEO. 5W was also named to the Digiday WorkLife Employer of the Year list.

For more information, visit www.5wpr.com.

Media Contact
Chris Bergin
cbergin@5wpr.com

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SOURCE 5W Public Relations

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ICAT Logistics Appoints Youssef Annali as Chief Financial Officer

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Transportation and logistics finance leader joins as ICAT accelerates its next phase of growth

DALLAS, May 7, 2026 /PRNewswire/ — ICAT Logistics announces the appointment of Youssef Annali as Chief Financial Officer. Annali brings more than two decades of senior finance leadership across global logistics and supply chain businesses, and joins as the company scales its platform, team, and operational capabilities globally. 

Annali joins ICAT from OIA Global, a $1.4 billion revenue supply chain management leader, where he served as CFO for four years overseeing Finance, Corporate Development, Strategy, Legal, Compliance, and Real Estate. Prior to OIA, he spent eleven years at CEVA Logistics—one of the world’s largest freight and logistics providers—rising to CFO & EVP Finance for North America, where he held financial accountability for a business generating over $4.5 billion in annual revenue and more than 14,000 employees. Earlier in his career, he served in senior finance roles at Abbott, KPMG, and PricewaterhouseCoopers.

Annali has a consistent track record of building finance functions that support strategic growth and has deep experience across financial planning, M&A, treasury, and corporate restructuring. He holds a Post-Master’s in Finance and Control from the University of Amsterdam and a Master’s in Business Administration from the University of Groningen.

“Youssef has led high-performing finance teams at the highest levels of global logistics. He brings the operational depth and strategic mindset our platform demands as we enter the next phase of growth,” said Brad Stogner, CEO of ICAT Logistics.

“ICAT has built something genuinely differentiated—a specialized platform operating in verticals where precision and domain expertise are non-negotiable. The foundation is strong, and the opportunity ahead is significant. I look forward to working with the team to accelerate that momentum,” said Youssef Annali, Chief Financial Officer of ICAT Logistics.

About ICAT

ICAT is the world’s leading specialized logistics company, delivering customized solutions and deep vertical expertise to industries where failure is not an option. With 65 offices and operating capabilities in 190 countries, ICAT serves customers across Live Events, Luxury, Technology, Defense & Aerospace, Life Sciences, and Financial Institutions—sectors defined by uncompromising performance standards. ICAT’s proprietary, AI-powered technology platform provides end-to-end visibility and predictive intelligence, enabling precise execution for the most demanding operations.

ICAT is backed by New Atlas Capital following its acquisition of the Company in 2024.

Contact Information

ICAT Logistics, Inc.
8840 Cypress Waters Blvd, Ste 325,
Coppell, TX, 75019
marketing@icatlogistics.com

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SOURCE ICAT Logistics, Inc.

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HelloNation Article Highlights Poughkeepsie’s Focus on Youth Investment, Neighborhood Parks and Sustainable Reuse

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The article examines how redevelopment projects and youth programs are reshaping community life across Poughkeepsie.

POUGHKEEPSIE, N.Y., May 7, 2026 /PRNewswire/ — What does long term community growth look like when a city invests in both people and public spaces? HelloNation has published a HelloNation article that provides the answer through a detailed look at how Poughkeepsie is combining youth investment, neighborhood improvements and adaptive reuse projects to support residents and strengthen the city’s future.

The article explains that Poughkeepsie is undergoing a period of reinvention centered on infrastructure upgrades, youth programming and redevelopment along the city’s Northside. According to the article, local and county leaders are working to create spaces where residents can learn, gather and build stronger community connections. The article notes that these efforts are intended to improve quality of life while helping the city grow in a more sustainable and inclusive way.

A major focus of the article is the planned Youth Opportunity Union, also known as the YOU, a large multipurpose youth facility backed by Dutchess County. The HelloNation article describes the project as a 19,000 square foot center that will include childcare services, wellness support, tutoring areas, teaching kitchens and both indoor and outdoor recreation spaces. The article explains that the project reflects a larger regional effort to increase opportunities for children and teenagers in underserved communities.

The article also highlights additional youth centered investments connected to sports, education and recreation. According to the article, Dutchess County has awarded grants to local organizations serving young people between the ages of 6 and 17. The article further explains that Poughkeepsie’s City Parks program has introduced mini grants designed to support renovations and activities in neighborhood parks, including Pershing Avenue and Malcolm X parks.

Beyond youth programs, the article details how the city is working to improve transportation and neighborhood infrastructure. The HelloNation article explains that Poughkeepsie launched its first five year paving plan in 2025, beginning with major roadway improvements on Main Street and other corridors. The article states that these upgrades are intended to improve safety, durability and daily conditions for residents while supporting broader redevelopment goals throughout the city.

Another important part of the article focuses on adaptive reuse and environmental redevelopment on the Northside. The article describes how Scenic Hudson plans to transform the former Standard Gage Factory into the Northside Hub, a redevelopment project designed to serve as both a nonprofit headquarters and a community gathering space. According to the article, the project will feature solar powered operations, office space, public parkland and community facilities near the Walkway Over the Hudson and Dutchess Rail Trail.

The article also explains that Poughkeepsie’s selection as the Mid Hudson winner in New York’s Downtown Revitalization Initiative adds additional momentum to current redevelopment efforts. The HelloNation article notes that the funding will support new downtown projects that build on existing investments in youth programs, infrastructure and adaptive reuse. Together, these efforts are presented as part of a broader strategy to create long term stability and opportunity for local residents.

The article concludes that Poughkeepsie’s emerging identity is closely tied to projects that strengthen neighborhoods while supporting future generations. Poughkeepsie Puts Youth, Neighborhood Parks and Sustainable Reuse at the Center of Renewal features insights from HelloNation Staff Writer, community development coverage of Poughkeepsie, New York, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities. HelloNation maintains partnerships with the U.S. Conference of Mayors, and the United States First Responders Association.

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SOURCE HelloNation

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