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SingHealth and Philips sign MOU to advance digital-first healthcare to future-proof care delivery

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New partnership set to accelerate digital healthcare transformation in Singapore, with a focus on co-designing and integrating Artificial Intelligence (AI) and predictive data management to improve patient care by 2028Projects under this partnership aim to:

o  Streamline imaging data workflows by developing a standardized data architecture for better diagnostics and patient outcomes; and
o  Optimize ICU capacity and workflow efficiency by leveraging advanced monitoring and AI tools to help healthcare staff direct care to the right patient at the right time.

SINGAPORE, Feb. 19, 2025 /PRNewswire/ — Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and SingHealth, Singapore’s largest public healthcare cluster, today announced a strategic partnership to enhance healthcare delivery through deploying innovative technologies and accelerating the digital transformation of the healthcare landscape in Singapore.

This Memorandum of Understanding (MOU) inked between the two organizations signifies a significant step towards building a robust and standardized data architecture for SingHealth. By leveraging Philips state-of-the-art healthcare technologies, the partnership strives to enable seamless digital workflows and improve clinical decision-making. This allows care teams to enhance human interaction with patients, deepen connections and improve outcomes. This will advance SingHealth’s goal to deliver care in a more patient-centric manner through a digital-first strategy.

“We are privileged to partner with SingHealth on this venture to accelerate the digital transformation of healthcare delivery in Singapore,” said Hung Choong Hwang, Country Manager, Philips Singapore. “By combining our technological expertise with SingHealth’s clinical excellence, we aim to set new benchmarks in healthcare innovation, quality and resilience, in line with our vision of delivering better care for more people.”

Under the terms of the MOU, Philips and SingHealth will set up dedicated teams to drive three key projects over the course of three years, focused on integrating imaging data with AI, predictive data management to enable actionable insights and optimizing ICU capacities by boosting monitoring and patient assessment capabilities. As projects under the MOU progress, its potential scope may widen beyond these initial three projects to include other additional areas of collaboration where synergies and opportunities are identified by both parties.

Enhancing healthcare delivery with a digital-first approach through three key projects

1.  Getting the right information seamlessly to the right expert: Integrated imaging with AI embedded into workflows

This project will automate and streamline Enterprise Digital Image workflows, including acquisition, storage, distribution, retrieval and archival processes. By centralizing and modernizing the architecture for Radiology, Pathology, and other images for clinical practice, the project aims to standardize clinical access and enhance electronic medical records connectivity. Starting with Radiology, the project will also explore innovations such as the use of embedded AI to automate and integrate workflows.

2.  Supporting staff with clinical decision-making: Next-generation predictive enterprise data management

Next-generation data analytics will be deployed to provide real-time, actionable insights to sharpen clinical decision-making. With fully-integrated live stream clinical data as a foundation, the goal is to implement advanced device interface models and introduce programmable AI and visualization layers to support clinical care and enterprise storage. This capability, implemented at scale across the cluster, will be a springboard enabling SingHealth to develop more pioneering innovations in this space globally.

3.  Enhancing patient care with Smart ICU: Optimizing capacity based on patient acuity

New clinical decision support tools and advanced monitoring equipment will be used to optimize ICU capacity and enhance efficiency and care quality.

A unified monitoring system, aligned with clinical workflows such as alarm assessments, will be established. The infrastructure will be co-designed to achieve interoperability, ensure cloud and cybersecurity alignment, and support clinical workflow assessments. Additionally, AI-powered models and algorithms will be jointly developed to monitor developments in patients’ conditions, optimize alarm management, and deliver clinical parameter dashboards and avatars.

Partnerships key to future-proofing healthcare delivery with innovation

One of the key challenges in the complexities of the healthcare system is the ability to access and integrate different data sources to form a cohesive patient story. Accurate and timely access to data at critical points in a patient’s journey is key in the digital transformation of the healthcare system. According to the Singapore FHI 2024 report findings, more than one-third (37%) of healthcare leaders surveyed are looking to external partnerships to use data analytics for more informed decision-making.

Please refer to Annex for more info on Singapore findings of the Philips Future Health Index (FHI) 2024 report.

Philips has previously partnered SingHealth in the implementation of an iECG initiative to transform the delivery of cardiovascular care in Singapore. Philips also partnered Singapore General Hospital to advance its medical imaging capabilities.

“We believe in harnessing the power of strategic partnerships to address the unique healthcare needs of the Asia Pacific. By conducting thorough reviews of current capacities, processes and workflows, and thoughtfully integrating advanced technologies in a way that best supports staff, we are dedicated to improving healthcare outcomes and efficiency across this diverse and dynamic region,” said Jasper Westerink, Acting Managing Director, Philips APAC. “I’m excited about how our upcoming projects will positively impact patient care and digital healthcare innovation in the region, especially since SingHealth is Singapore’s largest healthcare group and has a track record of setting standards of excellence in patient-centred clinical care, and since Singapore is a key medical hub.”

Mr Lawrence Loke, Group Chief Information Officer, SingHealth, said, “This collaboration between SingHealth and Philips is a big stride forward in accelerating healthcare innovation in Singapore. By combining our deep and broad range of clinical expertise with Philips’ cutting-edge technology, we are prioritizing the needs of our patients in reimagining healthcare delivery. From ‘Smart ICUs’ to AI-driven diagnostics, our singular goal is to enhance patient outcomes and experiences. In our efforts to pilot transformative care models, we hope that our patients will receive personalized, timely and accessible care that is focused on achieving the best outcomes possible for them.”

As a key medical hub in the Asia Pacific, partnerships like these position Singapore well in leading the charge to pioneer and deploy next-generation healthcare technologies, driving efficiency, better care, and more accessible health services for more people across the region.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2023 sales of EUR 18.2 billion and employs approximately 69,700 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Annex

Addressing healthcare system challenges: Workforce, data and workflow optimization

With Singapore’s population set to become “super-aged” by 2026, and 21% of its population over the age of 65, the healthcare system faces mounting pressures.[1] According to the Singapore findings of the Philips Future Health Index (FHI) 2024 report, nearly two-thirds (65%) of healthcare leaders report that workforce shortages are leading to staff having less time with patients, higher patient-to-staff ratios and/or an increase in clinical errors. These challenges highlight the urgent need to augment clinical manpower and address growing patient workloads and demands on Singapore’s health services.

In addition to workforce shortages, healthcare leaders identified workflow prioritization as a key area for automation, which can help healthcare professionals better manage high patient volumes without compromising on care quality. For instance, automated initial screening of medical images can help prioritize cases and direct them to the right sub-specialty radiologist. Similarly, automated triaging systems can assist emergency department staff, improving efficiency and reducing strain on personnel.

Philips FHI 2024 report also revealed that 84% of Singapore’s healthcare leaders face data integration challenges, which hamper their ability to deliver timely, high-quality care. The inability to fully utilize data has wide-ranging effects, from financial and operational concerns to limiting coordination between clinicians and reducing their time spent with patients. Overcoming barriers to integrate data accessibly across clinical operations, human resources, and financials for reporting is therefore critical for continuous improvement, better decision-making and better patient empowerment.

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SOURCE Royal Philips

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Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

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CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

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Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

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As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

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SOURCE Beko

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JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

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HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

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SOURCE Just Global Markets Ltd

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