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MYEG and SGTraDex Forge Strategic Partnership to Enhance Malaysia-Singapore Digital Trade Connectivity

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KUALA LUMPUR, Malaysia, May 26, 2025 /PRNewswire/ — MY E.G. Services Berhad (“MYEG”), Malaysia’s leading e-government and digital services provider, today signed a Memorandum of Understanding (“MoU”) with Singapore Trade Data Exchange Services Pte. Ltd. (“SGTraDex”), Singapore’s digital infrastructure for trade data exchange. The strategic partnership seeks to enable both parties to collaboratively facilitate seamless, digital cross-border trade between Malaysia and Singapore, setting a new standard for digital trade connectivity in the ASEAN region.

Signed at the ASEAN-GCC-China CEO Roundtable hosted by the ASEAN Business Advisory Council (“ASEAN-BAC”), the MoU underscores the deepening partnership between Malaysia and Singapore in advancing digital economic cooperation. This collaboration reflects a shared vision to develop interoperable, cross-border digital solutions and serves as a foundation toward broader regional integration across ASEAN.

Under the terms of the agreement, MYEG’s Zetrix and SGTraDex will explore the technical integration of their respective platforms to enable a secure and interoperable channel for the exchange of trade-related data. The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region’s push for trade facilitation and supply chain resilience.

“This partnership signals a new era for trade digitalisation in ASEAN,” said Dato’ Fadzli Shah, Co-Founder of Zetrix. “By aligning Malaysia’s and Singapore’s trusted digital infrastructure, we’re creating the building blocks for a digitally unified ASEAN, one that reduces friction, enhances trust, and accelerates growth.”

“Our collaboration with MYEG reflects SGTraDex’s commitment to fostering open and trusted digital trade. By aligning efforts with close partners like Malaysia, we are taking steps toward greater interoperability and connectivity, which will contribute to more inclusive digital growth across the region,” said Mr. Tan Chin Hwee, Chairman of SGTraDex.

The collaboration supports the ASEAN Digital Economy Framework Agreement (“DEFA”), and complements broader efforts to enable mutual recognition of Digital ID, electronic trade documents, and regulatory credentials across borders. With blockchain technologies such as MYEG’s Zetrix Layer-1 chain and frameworks like TradeTrust on SGTraDex, immutability and traceability of verified information exchanged between governments and enterprises is ensured, fostering greater transparency and security in cross-border transactions.

SGTraDex is a public-private digital utility founded by Singapore’s Infocomm Media Development Authority (“IMDA”) alongside a banking, trade and logistics industry consortium including Advario, DBS, Jurong Port, OCBC, ONE, PIL, PSA, Standard Chartered, Trafigura, and UOB. The initiative plays a critical role in digitising logistics and trade finance by interconnecting data silos across the supply chain. Through this partnership, both parties will explore new B2B and B2B2G flows, and co-develop services tailored for cross-border use cases.

The MoU outlines areas of collaboration including:

Platform-to-platform connectivity between MYEG and SGTraDexJoint product development for trade document verificationTechnical integration using blockchain and interoperable data standardsRegulatory knowledge exchange and sandbox coordination

The partnership is expected to serve as a launchpad for wider regional integration, including with China and the Gulf Cooperation Council (“GCC”) countries.

By leveraging Malaysia’s and Singapore’s leadership in digital infrastructure and policy, the partnership is poised to reinforce the broader vision of ASEAN as a digitally interconnected economic bloc; strengthening the region’s digital infrastructure by facilitating secure, inclusive, and efficient trade. 

About MY E.G. Services Berhad (“MYEG”)

MYEG is Malaysia’s premier digital services company. Having commenced operations in 2000 as the flagship e-government services provider, MYEG continues to play a leading role in driving technological change in the region, bringing a diverse and complete range of innovations spanning the online delivery of major government services to a variety of commercial offerings in the areas of immigration, automotive and financial services, among others. Committed to staying firmly at the forefront of the global digital revolution, MYEG has embraced the potential of blockchain technology to enhance all aspects of life and is actively pioneering its adoption across the region through its Layer 1 platform Zetrix. Besides its home market, MYEG’s presence spans other key regional markets such as mainland China, Philippines and Hong Kong SAR.

About SGTraDex

Launched on 1 June 2022, the Singapore Trade Data Exchange (“SGTraDex”) is a digital utility that facilitates the sharing of data between supply chain ecosystem partners, streamlining information flows through a common data highway where data can be shared in a trusted, secure and inclusive manner.

SGTraDex is a public-private partnership founded by IMDA, PSA, Trafigura, DBS, Jurong Port, OCBC, ONE, Advario, PIL, Standard Chartered and UOB. Their proprietary technology aims to resolve pain points in supply chain ecosystems including a heavy reliance on a paper-based system which lacks efficiency, transparency, and sustainability.

The move to digitalise information will increase productivity and build supply chain resilience. New efficiencies and opportunities will be unlocked when ecosystem partners can collaborate to achieve a shared visibility of the end-to-end supply chain.

For more information, visit sgtradex.com

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SOURCE Singapore Trade Data Exchange Services Pte. Ltd.

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PhotonPay Recognized as Global FinTech Trailblazer with Dual Prestigious Service Awards

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PhotonPay has earned dual industry honors from EqualOcean and Jiemian Cailian Intelligence Institute for its next-generation financial operating system powered by stablecoin.

HONG KONG, June 15, 2026 /PRNewswire/ — PhotonPay today announced its recognition as “EqualOcean 2026 GoGlobal FinTech Service Enablers Top 10”, and its selection as “New-Quality Service Provider of the Year” by Jiemian Cailian Intelligence Institute. Conferred during major industry summits in Shanghai, these dual honors underscore PhotonPay’s pivotal role in accelerating the next generation of global commerce and systemic economic enablement.

The selections were finalized through exhaustive, multi-month evaluation frameworks — incorporating the data-and-expert review of Jiemian Cailian Intelligence Institute, alongside EqualOcean’s rigorous screening of over 500 international applicants. By assessing candidates on deep structural capability, regulatory adaptability, and systemic empowerment, these evaluations validate PhotonPay’s position as a foundational layer of global financial orchestration.

Globalization has evolved. Instead of just shipping goods via linear supply chains, businesses now operate complex, multi-market ecosystems. Navigating fragmented regional regulations and shifting trade patterns introduces significant operational friction. To scale effectively, enterprises require global financial networks that are resilient, compliant, and deeply integrated.

PhotonPay delivers this agility through a unified financial operating system powered by stablecoins, which has served over 200,000 enterprises globally. Whether managing digital ads spend, global logistics payout, e-commerce collection, or global payroll, businesses use PhotonPay to consolidate fragmented capital workflows. By combining traditional clearing networks with emerging stablecoin rails, the platform reduces conventional banking friction, mitigating FX volatility and accelerating fund velocity.

Underpinning this operational efficiency is a robust global compliance architecture, fortified by over 15 critical financial and payment licenses across key jurisdictions. PhotonPay leverages AI to automate risk management. By acting as an intelligent layer over the core infrastructure, these AI tools scan shifting local regulatory matrices, handle high-frequency AML/CFT screening, and detect fraud in real time — allowing businesses to transact globally with confidence and security.

“Global commerce thrives when financial friction disappears,” said Lewison Chen, Founder and CEO of PhotonPay. “We don’t view payments as isolated transactions, but as the essential infrastructure that drives business scale. This recognition reinforces our commitment to building an intelligent financial operating platform that helps enterprises navigate global markets with agility.”

Moving forward, PhotonPay will continue deepening its global compliance network and scaling its digital financial infrastructure. By bridging TradFi with emerging technologies like stablecoins and agentic commerce, the company aims to simplify international liquidity and empower more businesses to achieve borderless growth.

About PhotonPay

PhotonPay is a stablecoin-powered financial operating system built for the stablecoin era. Designed for modern enterprises, PhotonPay enables businesses to send, receive, convert, and settle funds across both fiat and stablecoin rails through a single, compliance-first integration, spanning 200+ countries and territories.

For more information, visit [www.photonpay.com].

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SOURCE PhotonPay

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Manz Asia Successfully Delivers World’s First 310mm × 310mm Panel-Level Packaging ECD Production System

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World’s first 310mm × 310mm panel-level packaging (PLP) Electrochemical Deposition (ECD) production system delivered to customer lineOmni x-series covering 310mm, 510mm, and 700mm platforms, enabling a broad range of panel-level manufacturing applications.Supports FOPLP, CoPoS, and TGV applications for AI, HPC, and advanced memory markets

TAOYUAN, June 15, 2026 /PRNewswire/ — A leading semiconductor advanced packaging equipment manufacturer, Manz Asia, has successfully delivered the world’s first 310mm × 310mm panel-level packaging (PLP) Electrochemical Deposition (ECD) mass production system. The system expands Manz Asia’s advanced packaging portfolio and showcases its integrated in-house expertise in process innovation, equipment engineering, and high-volume manufacturing.

The new ECD platform is designed with high flexibility to support both glass and metal square carriers and integrates wet chemical process modules for Redistribution Layer (RDL) fabrication. It is engineered for FOPLP-, CoPoS-, and TGV-based advanced packaging architectures. The 310mm × 310mm format offers advantages in scalability, panel utilization, and production yield, positioning it as a key enabling technology for panel-level packaging to support AI, high-performance computing (HPC), high-bandwidth memory (HBM), and high-speed interconnect applications.

Advanced packaging is increasingly converging with leading-edge semiconductor process technologies, with manufacturing capacity progressively concentrated in Taiwan. This shift is accelerating integration across process nodes and packaging architectures in the global semiconductor supply chain. Leveraging strong in-house R&D capabilities and close collaboration with leading IDM and packaging customers, Manz Asia continues to accelerate technology iteration and volume production deployment, strengthening its position in the global panel-level packaging equipment ecosystem.

The ECD system seamlessly integrates a full suite of wet chemical process modules, including cleaning, developing, etching, and stripping, and supports both spin and spray processing modes, creating a comprehensive 310mm × 310mm panel-level RDL manufacturing solution under the “Omni 310x” platform.

The Omni x-series now spans Omni 310x (310mm × 310mm), Omni 510x (510mm × 515mm), and Omni 700x (700mm × 700mm), forming a scalable platform architecture for panel-level mass production. The modular system design enables flexible configuration across different device architectures, process flows, and production capacity requirements, supporting development, qualification, pilot production, and high-volume manufacturing. It strengthens Manz Asia’s competitiveness in the global advanced packaging equipment market.

Robert Lin, CEO of Manz Asia, said the successful deployment of the Omni 310x into customer production lines reflects growing market demand for advanced packaging platforms that combine flexibility with production readiness. “As advanced packaging becomes increasingly central to AI and high-performance computing (HPC) architectures, capabilities such as process control, scalability, and seamless integration into high-volume manufacturing environments have become key competitive differentiators,” he said.

He added that Manz Asia will continue to advance its technology roadmap as a global-class equipment supplier, further strengthening its integration of ECD and wet chemical process technologies to improve manufacturing efficiency, yield stability, and production ramp-up. “We aim to accelerate the deployment of next-generation packaging technologies in FOPLP, CoPoS, and TGV, while reinforcing supply chain resilience across the semiconductor ecosystem,” he said. “Through a multi-platform strategy spanning 310mm, 510mm, and 700mm, we provide a consistent technology pathway from process development to high-volume manufacturing, enabling customers to scale efficiently and predictably. The Omni x-series roadmap is designed to support sustainable and scalable capacity expansion for next-generation semiconductor packaging applications.”

About Manz Asia

Manz Asia delivers semiconductor equipment and solutions built on core technologies in Electrochemical Deposition (ECD), wet chemistry, digital printing, automation, and software integration. Our expertise covers advanced packaging (FOPLP / CoPoS) and IC substrate processing (glass and organic core), supporting customers from R&D to high-volume manufacturing. Through system solutions, contract manufacturing, and sales representation, we help customers accelerate time-to-market, boost yield, and stay competitive in the fast-evolving semiconductor industry.

www.manz.com.tw/en

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SOURCE Manz Asia

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Midea Launches “Agentic Factory Overseas Expansion Solution,” Marking a New Stage for Chinese Enterprises Going Global

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FOSHAN, China, June 15, 2026 /PRNewswire/ — On June 9, 2026, Midea Group launched its “Agentic Factory Overseas Expansion Solution”.Building on the transformation of its Jingzhou washing machine factory, which received the world’s first WRCA Agentic Factory certification in August 2025, Midea has launched a modular, standardized, and field-validated solution. It includes cross-cultural employee training and cross-border supply chain traceability, and has been deconstructed into 12 rapidly replicable modules for global factory deployment.

According to Deloitte, 55% of Chinese enterprises hope to seek growth through overseas expansion. Midea has identified three persistent challenges: long-distance cross-border supply chains, inconsistent quality standards across export markets, and multinational workforce management difficulties caused by differences in language, culture, and labor regulations.

The solution has been validated at Midea Thailand Refrigeration Plant. Through 72 AI applications and 13 major agents across 25 scenarios, the factory reduced end-to-end order lead time by 43%, lowered customer complaint rates by 32%, and shortened employee training and certification cycles by 62%, demonstrating that China’s intelligent manufacturing capabilities can be replicated globally.

For workforce training, Midea introduced an AIGC + VR multilingual training system, reducing new employee training from eight days to three days. For quality control, Midea launched a VOC-to-VOP seven-step quality solution powered by an expert knowledge base of more than 12 million quality-related cases, enabling customer complaints to be traced to production lines and root causes within seconds.

For supply chain resilience, Midea developed a cross-border supply chain AI agent that monitors 35 core nodes in real time, reducing exception-handling response time from 48 hours to within 12 hours and keeping raw material on-time arrival rates above 96%. Together with Annto’s integrated KD logistics solution, the material kitting rate can exceed 99%.

At the Thailand factory, the finished product defect rate has been reduced by 50%. Midea Cloud,KUKA, Annto, Hiconics, CLOU Electronics, and Midea Building Technologies further support cost reduction and efficiency improvement through automated production, reusable packaging, and integrated energy-saving solutions.

Midea also introduced the “Midea Go-Global Partner Program.” According to Simon Zhang, Vice President and Chief Digital Officer of Midea Group, the program is not merely about standardized equipment, but about turning Midea’s accumulated experience into practical guidance and implementation support.

This co-building model has already delivered results. Wuhan Honghai Technology completed its 2024 Thailand capacity expansion from infrastructure construction to production launch in five months with Midea’s support, and its Thailand business volume increased by 1.6 times in 2025. Xiamen Hexing Packaging, an 18-year Midea partner, has expanded from a domestic supplier into a global partner, establishing factories in Southeast Asia and North America and joining Midea’s global strategic partner whitelist in 2025.

View original content to download multimedia:https://www.prnewswire.com/news-releases/midea-launches-agentic-factory-overseas-expansion-solution-marking-a-new-stage-for-chinese-enterprises-going-global-302800087.html

SOURCE Midea Group Co., Ltd

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