TOKYO’S MON TAKANAWA TO HOST LONDON SOUND EXHIBITION

Key visual for “Feel the Sound”

KUALA LUMPUR, Nov 12 (Bernama) -- The immersive sound exhibition ‘Feel the Sound’, first staged at London’s Barbican Centre, will make its Japan debut at MoN Takanawa: The Museum of Narratives in Tokyo from Nov 20 to March 22, 2027.

The exhibition, part of the new museum’s opening programme produced with the Barbican Centre, features installations combining sound, vibration, music and technology that let visitors feel sound with their whole body rather than only hear it.

According to the museum in a statement, the exhibition is curated by Luke Kemp, who will lead guided tours during a media preview on Nov 19.

It is co-produced by MoN Takanawa and supported by the British Council, with details of the participating artists, main installations and ticket prices to be announced later.

MoN Takanawa, in Tokyo’s Minato ward, is an experimental museum covering fields from traditional Japanese culture to manga, music and space. Its spiral, greenery-covered building was designed by Kengo Kuma & Associates.

The museum is operated by the East Japan Railway Foundation for Cultural Innovations.

-- BERNAMA

HORIZON QUANTUM Q3 PROFIT DRIVEN BY NON-CASH WARRANT GAIN

 

KUALA LUMPUR, Nov 11 (Bernama) -- Horizon Quantum Holdings Ltd (Horizon Quantum), a quantum computing software company, posted a net profit of US$33.4 million for the third quarter ended Sept 30, 2026 (Q3 2026), driven by a non-cash accounting gain, while its operating loss more than doubled. (US$1 = RM4.05)

The result included a US$43.1 million non-cash gain from revaluing warrant-related liabilities after the company’s share price fell during the quarter, which did not affect its cash balance. It recorded a net loss of US$5.2 million a year earlier.

Horizon Quantum Chief Executive Officer and Founder, Dr Joe Fitzsimons said the company completed the integration of its Triple Alpha software with Oxford Quantum Circuits’ 32-qubit processor during the quarter and had signed a non-binding letter of intent to acquire Singapore-based Entropica Labs Pte Ltd.

“We look forward to exploring this opportunity further,” he said in a statement.

In the quarter, Horizon Quantum’s earnings per share were US$0.61, compared with a loss of US$0.13 per share a year earlier.

The operating loss widened to US$10.5 million from US$4.9 million, as research and development expenses rose 122 per cent to US$4.5 million and general and administrative expenses rose 127 per cent to US$5.2 million, mainly because of higher headcount and the costs of becoming a public company.

Its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) loss widened to US$6.3 million from US$3.0 million, while cash and cash equivalents fell by US$10.5 million during the quarter to US$102.8 million.

The proposed Entropica Labs deal, valued at about US$27 million in Horizon Quantum shares, is subject to due diligence and definitive agreements. Entropica specialises in quantum error correction.

-- BERNAMA

ARRAYPATCH RAISES 3.2 MLN EUROS FOR DIABETES, OBESITY MICRONEEDLE PATCH

 

KUALA LUMPUR, Nov 6 (Bernama) -- Biotech company, ArrayPatch Ltd (ArrayPatch) has completed the second close of its seed financing round, securing an additional 1.6 million euros, bringing the total raised to 3.2 million euros, as it develops skin patches that deliver medicine through tiny dissolving needles. (1 Euro = RM4.54)

The latest funding was co-led by impact-focused venture capital firm WakeUp Capital, with funds also raised through Spark Venture Funding and from Dr Mark Ledwidge, alongside existing lead investor Lakeside Capital and DeepIE Ventures.

ArrayPatch said the funds will help advance its DerMap dissolving microneedle patch platform towards first trials in humans, initially for treating obesity and diabetes and for basal cell carcinoma, a common form of skin cancer.

“The successful completion of our 3.2 million euros seed round is an important milestone for ArrayPatch and provides the resources to accelerate the development of our pipeline,” said ArrayPatch Founder and Chief Executive Officer, Dr Waleed Faisal in a statement.

He said the company’s main focus is now a patch to deliver GLP-1 medicines, a class of treatments used for diabetes and weight loss, which he believes could offer a new, patient-friendly way of delivering them.

According to ArrayPatch, DerMap patches are the only ones in which the microneedles are made entirely of the medicine being delivered, requiring no polymer and allowing them to carry significantly more medicine. It can be used to deliver both small molecules and peptides.

WakeUp Capital Partner, Andrew Parish said ArrayPatch’s technology is designed to address patient and environmental challenges linked to medicines given by traditional injections.

Parish will join ArrayPatch’s board alongside newly appointed chair Dr Neil Thomas. Other investors in the round included Enterprise Ireland and the Boole Investment Syndicate.

-- BERNAMA

Positive Retail Rental Reversion and Strong Tenant Sales Momentum in 1Q FY2027

 

Key Highlights

• Positive retail rental reversion of 10.0%¹ achieved for 1Q FY2027.
• Portfolio committed occupancy remained healthy at 94.4%², with a strong retail portfolio committed occupancy of 98.2%.
• Tenant sales grew 45.5% year-on-year (“YoY”) in 1Q FY2027. On a like‑for‑like basis, excluding PLQ Mall, tenant sales increased by 8.1% YoY.
• Weighted average cost of debt³ lowered to 2.50% per annum (vs. 2.75% per annum for FY2026).
• Reconfiguration of space at PLQ Mall is on track for completion by end-2026, with new tenants expected to enhance the mall's positioning and support income growth.
• Retained Regional Sector Leader (Asia Retail Listed) status in the GRESB 2026 Assessment for the seventh consecutive year and recognised as Global Sector Leader (Retail Listed) while maintaining a 5 Star rating.

SINGAPORE, Nov 2 (Bernama-GLOBE NEWSWIRE) -- Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), the manager of Lendlease Global Commercial REIT (“Lendlease REIT”), announces its first quarter business updates for FY2027.

Operational Performance

As of 30 September 2026, Lendlease REIT’s portfolio committed occupancy stood at a healthy 94.4%². The retail portfolio remained close to full occupancy at 98.2%, easing slightly from 98.5% in the prior quarter. This was mainly due to temporary vacancies from the ongoing space reconfiguration works at PLQ Mall.

The portfolio’s weighted average lease expiry (“WALE”) remained healthy at 4.4 years by net lettable area (“NLA”) and 3.4 years by gross rental income (“GRI”), underpinned by a well-spread lease expiry profile with only 4.8% of NLA and 7.7% by GRI due for renewal in FY2027.

Positive Retail Rental Reversion and Strong Tenant Sales Momentum

Lendlease REIT’s retail portfolio achieved a positive rental reversion of 10.0%¹ for 1Q FY2027. Visitation and tenant sales grew 27.4% and 45.5% YoY respectively, mainly driven by the inclusion of PLQ Mall for the full quarter. Excluding PLQ Mall, like-for-like visitation and tenant sales increased 6.7% and 8.1% YoY respectively.

During the quarter, Lendlease REIT continued to strengthen its retail offering by welcoming new-to-portfolio and new-to-market tenants, including Gentlewomen and LSOUL at 313@somerset, heytea and PastaGo at PLQ Mall and Setirom at Jem. These additions are expected to support footfall across the portfolio.

The reconfiguration of approximately 16,000 sq ft of space at PLQ Mall remains on track for completion by end-2026, with new tenants expected to enhance the mall's positioning and support income growth.

Capital Management

Reduced Cost of Debt

As of 30 September 2026, gross borrowings stood at S$1,679.9 million, with gearing lowered to 38.7% from 38.9% as of 30 June 2026.

The weighted average cost of debt³ improved to 2.50% per annum, from 2.75% per annum reported for FY2026, attributed mainly to the loans associated with PLQ Mall that were refinanced at a lower cost of borrowing. As at 30 September 2026, approximately 68% of Lendlease REIT’s borrowings are hedged to fixed rates.  

The interest coverage ratio ("ICR")⁴ remained healthy at 2.1 times⁵, with the benefits of the lower blended cost of funding from the June 2026 perpetual securities refinancing set to accrue progressively over time.

Mr. Guy Cawthra, Chief Executive Officer of the Manager, said, "Despite ongoing global uncertainty and macroeconomic headwinds, we are encouraged by our strong start to FY2027. Our portfolio has demonstrated resilience, underpinned by healthy leasing momentum and continued execution of our capital management initiatives. We look to build on this momentum in the quarters ahead, supported by the full-period contribution from PLQ Mall and the positive rental reversions secured over the past year."

Award and Recognition

Global Sector Leader and Regional Sector Leader in the Retail category

In the GRESB 2026 Assessment, Lendlease REIT retained its title as Regional Sector Leader (Asia Retail Listed) for the seventh consecutive year, ranking first across all peer groups with a score of 96.6, well above the GRESB average of 80.9. Lendlease REIT was also recognised as the Global Sector Leader (Retail Listed), underscoring its sustainability leadership on a global scale.

Separately, Lendlease and Lendlease REIT received the Impact Enterprise Excellence Award (Large Enterprise) at the Sustainability Impact Awards 2026, in recognition of the strength of its sustainability strategy and its positive environmental and social impact.

About Lendlease Global Commercial REIT

Listed on 2 October 2019, Lendlease Global Commercial REIT (“Lendlease REIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes.

As at 30 June 2026, its portfolio comprises leasehold properties in Singapore namely Jem (retail) (a suburban retail property), 313@somerset (a prime retail property), PLQ Mall (a suburban retail property) as well as freehold interest in three Grade A commercial buildings in Milan. These properties have a total value of approximately S$4.2 billion. Other investments include a stake in Parkway Parade (an office and retail property) and development of Grange House (a multifunctional event space) adjacent to 313@somerset.

Lendlease REIT is managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of Lendlease Corporation Limited.

About the Sponsor - Lendlease Corporation Limited

Lendlease is an international real estate group listed on the Australian Securities Exchange. Their core capabilities are reflected in their operating segments of Investments, Development and Construction. Lendlease draws on this expertise to realise opportunities that create real value and returns for their partners and customers, as well as the communities who experience the places they shape. For more information, please visit: www.lendlease.com.

For more information on Lendlease REIT, please contact Investor Relations:

Lendlease Global Commercial Trust Management Pte. Ltd.
Ling Bee Lin
enquiry@lendleaseglobalcommercialreit.com
Tel: +65 6671 7374

Important Notice

This press release is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of Lendlease Global Commercial REIT (“Lendlease REIT”) in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

The value of units in Lendlease REIT (the “Units”) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), DBS Trustee Limited (as trustee of Lendlease REIT) or any of their affiliates.

This press release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, (including employee wages, benefits and training costs), property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Holders of Units (“Unitholder”) have no right to request the Manager to redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing of the Units on SGX-ST does not guarantee a liquid market for the Units.

This press release is not to be distributed or circulated outside of Singapore. Any failure to comply with this restriction may constitute a violation of United State securities laws or the laws of any other jurisdiction.

The past performance of Lendlease REIT is not necessarily indicative of its future performance.
_______________________
_{¹ Year-to-date as at 30 September 2026, comparing the weighted average rent of outgoing and incoming leases.
² Lettable area for Milan assets is based on latest valuation report.
³ Excludes amortisation of debt-related transaction costs.
⁴ Calculation is in accordance with the Property Funds Appendix of the Code on Collective Investment Schemes (“PFA”). The ICR in accordance with loan agreements exceeds 4.0 times, in excess of debt covenant at 2.0 times.
⁵ Per the PFA, calculation is based on a trailing 12 months period ending on the date of the latest reported financial results. ICR as at both 30 September 2026 and 30 June 2026 is based on the last reported financial results as at 30 June 2026.} 


SOURCE: DBS Trustee Limited as Trustee of Lendlease Global Commercial REIT (“LREIT”)

EUROPEAN DEEP-TECH FIRMS SEEK SINGAPORE INVESTORS AT INNOVATION NIGHT

KUALA LUMPUR, Oct 29 (Bernama) -- More than 150 investors, corporate leaders, policymakers and innovators met European deep-tech companies at the European Innovation Night in Singapore on Oct 28, an event aimed at building business and investment partnerships between Europe and Singapore.

According to the European Innovation Council (EIC) in a statement, Singapore is the second-largest source of investment in EIC-backed companies outside Europe, after the United States.

“Singapore is a strategic partner for the EIC, with strong investment ties to our portfolio and shared ambitions for innovation, competitiveness and sustainable growth,” said EIC Head of Department, Stéphane Ouaki.

More than 60 European start-ups and scale-ups attended, including 12 backed by the EIC, and are meeting Singaporean investors and corporates to explore partnerships, co-development, supply chain integration and investment, throughout the week.

National Research Foundation Singapore Chairman, Heng Swee Keat said Singapore serves as a trusted hub for companies to test, validate and scale new solutions in Asia and beyond, complementing Europe’s scientific and engineering strengths.

EIC-backed scale-ups have raised 15.5 billion euros to date, with more than 1,000 investors co-investing alongside the EIC. The portfolio has produced 12 unicorns, and 2025 was its most active year, with over 500 million euros invested across 130-plus transactions. (1 Euro = RM4.54)

The event was co-organised by the EIC, the European Union (EU) Delegation to Singapore and the Eureka which brought a delegation of 35 companies from 16 countries. It was held at the Asian Civilisations Museum during the Singapore International Energy Week and SWITCH, the Singapore Week of Innovation and Technology.

-- BERNAMA

Ras Al Khaimah Signs Landmark Friendship Agreement & 10 MoUs during Historic High-Level Tour of South China

 

^{His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, witnessed the signing of a landmark agreement between Ras Al Khaimah and Fujian Province, alongside 10 Memoranda of Understanding between entities from the Emirate and their Chinese counterparts, reflecting a shared commitment to broadening cooperation and translating longstanding relations into meaningful opportunities for the future. (Photo: AETOSWire)} 


RAS AL KHAIMAH, United Arab Emirates, Oct 29 (Bernama-BUSINESS WIRE) -- His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, witnesses the signing of a historic agreement between Ras Al Khaimah and Fujian Province, China, concluding a six-day China visit.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261028878989/en/ 

Signed in Fuzhou, the agreement establishes a framework for strengthening economic, maritime and cultural ties, including cooperation in green supply chains, port logistics, sustainable building materials and cultural exchange.

Commenting on the agreement, HH Sheikh Saud said: “The friendship between Ras Al Khaimah and China is deeply rooted in history and revitalized by a shared vision for modern economic transformation. Signing this friendship agreement with Fujian Province cements a partnership rooted in mutual respect, shared ambition and centuries of maritime connection, which creates a formal foundation for our communities and enterprises to collaborate more closely.”

The friendship agreement followed the signing of 10 MoUs between Ras Al Khaimah entities and Chinese counterparts, all witnessed by HH Sheikh Saud. These included a MoU between the Government of Ras Al Khaimah’s International Relations Office and UBTECH Robotics to test, demonstrate and deploy humanoid robotic systems across industrial, commercial service, elderly care and cultural tourism sectors.

Other MoUs were signed between RAK Transport Authority and Shenzhen Urban Transport Planning Center; separate agreements involving Marjan Group and RAKBANK and the Bank of China (Dubai Branch); the International Relations Office and Phoenix New Media Information Technology; Marjan Group and China Road and Bridge Corporation; Ras Al Khaimah Chamber of Commerce and Industry (RAK Chamber) and Tianhe Central Business District; RAK Chamber and the Bureau of China International SME Fair; Ras Al Khaimah Department of Antiquities & Museums and Sun Yat-sen University History Museum; and Ras Al Khaimah Economic Zone (RAKEZ) and Fujian Jihong Packaging Technology.

The visit, from October 18 to 23, covered Shenzhen and Guangzhou in Guangdong Province, and Fuzhou in Fujian Province. It included the RAK-China Business Conference, high-level meetings with government officials and business leaders, and the inauguration of Ras Al Khaimah’s first business consultancy in China, in Guangzhou.

These engagements build on Ras Al Khaimah’s longstanding relationship with China, rooted in centuries of maritime trade and cultural exchange, and reflect a shared commitment to strengthening economic, investment and cultural cooperation.

*Source: AETOSWire

View source version on businesswire.com:
https://www.businesswire.com/news/home/20261028878989/en/

Contact

Steven McCombe
media@rakmediaoffice.ae

Source : RAK Media Office

HACK THE BOX CYBER TRAINING YIELDS 330 PCT ROI - STUDY

KUALA LUMPUR, Oct 28 (Bernama) -- A study commissioned by cybersecurity training platform Hack The Box (HTB) and conducted by Forrester Consulting has found that a modelled organisation using the platform achieved a 330 per cent return on investment over three years, recouping its costs in less than six months.

The study, Total Economic Impact, is based on interviews with seven decision-makers at HTB customers in the financial services, government, technology and professional services sectors. Their experiences were combined into a single composite organisation with a cybersecurity workforce of over 300 people, and the financial figures are risk-adjusted present values.

“The question we hear most often is how many cybersecurity jobs AI will replace. The more important question is whether teams are prepared to use AI effectively,” said HTB chief executive officer and founder, Haris Pylarinos.

In a statement, he said artificial intelligence (AI) amplifies the capabilities of the people using it, which is why workforce readiness matters.

Over three years, the composite organisation realised US$1.2 million in benefits against US$285,000 in costs, giving a net present value of US$939,000. (US$1 = RM4.08)

The study found a 50 per cent reduction in the probability of security incidents escalating, linked to earlier threat detection and attackers spending less time inside systems undetected. Incident response teams cut the time taken to acknowledge incidents by 50 per cent and the time to resolve them by 30 per cent.

Onboarding efficiency improved by 35 per cent and penetration testing efficiency by 50 per cent. Workforce attrition fell by four per cent, while annual cybersecurity certifications rose by 20 per cent.

Forrester Research separately named HTB a Leader in its Forrester Wave report on cybersecurity skills and training platforms for the first quarter of 2026, giving it the highest possible scores in 13 criteria, including readiness for agentic AI.

-- BERNAMA