Latest news with #RoyalGroup
Korea Herald
06-08-2025
- Business
- Korea Herald
Wing Bank and Royal Group of Companies Launch Foundation for Refugee Assistance Amid Border Crisis
SINGAPORE and PHNOM PENH, Cambodia, Aug. 6, 2025 /PRNewswire/ -- In response to the intensifying humanitarian situation along the Thai Khmer border, Wing Bank and the members of Royal Group of Companies have jointly established the Foundation for Refugee Assistance, a long-term initiative designed to support Cambodian families displaced by ongoing conflict. On August 2–3, the first wave of aid was delivered to Wat Kiri Toul Andet, a refugee camp in Preah Vihear Province currently sheltering over 700 children and their families. The mobilization effort commenced on August 1, with volunteers assembling at the Royal One parking lot to sort and prepare donations. The operation was led by Royal Group of Companies representatives Mr. Shanghai Lao, Mr. Phakdey Vattanak, and Ms. Sotheary Van, alongside Wing Bank Deputy CEO Mr. Bunthe Hor and a dedicated logistics team. Despite rising security concerns, the mission proceeded as planned. On August 3, four truckloads of essential supplies reached the camp. Additional aid was also delivered to frontline personnel with support from Cellcard, a Royal Group subsidiary. The Foundation was established by Neak Oknha Kith Meng and Lok Chumteav Neak Oknha Mao Chamnan, with full backing from the members of the Royal Group of Companies. Eight donation booths have been installed across their offices in Phnom Penh to collect monetary and in-kind contributions. "Many homes were destroyed along the borders," said Phakdey Vattanak, Group Chief Relationship Officer of the Royal Group. "Even when the fighting ends, these families may have nothing to return to. They will need time, tools, and support to rebuild their lives. The Foundation is here to be that support—for the long haul." "In times of crisis, unity becomes our greatest strength," said Shanghai Lao, Division Chief People & Culture Officer. "While the conflict may take time to resolve, families are suffering now. They cannot wait. And we cannot look away," added Bunthe Hor, Deputy CEO of Wing Bank. "This is a moment for all Khmer—wherever we live—to act as one. Donations aren't just helpful—they're life-saving." How to Donate: Cambodians living overseas can contribute directly to the Foundation for Refugee Assistance through Wing Bank's international partners, including Gmoney, E9Pay, and Hanpass in South Korea; City Express and JME in Japan; and Western Union and MoneyGram in other countries. To donate, users simply select "Account Transfer" on their mobile app, enter "Foundation for Refugees Assistance", input the donation amount, and confirm the transaction. All donations are securely managed and transparently distributed to ensure timely aid reaches those in need—both now and in the months ahead. Wing Bank and Royal Group extend their heartfelt appreciation to all donors—individuals, organizations, and communities near and far—who have already stepped forward with generosity and compassion. Among these heroes are students sacrificing their lunch money, street vendors offering portions of their daily earnings, and even disabled veterans who gave what little they could spare. Their actions speak louder than words. Their selflessness is a powerful reminder that kindness knows no boundaries, and that real change begins when we each take responsibility for one another.
Fashion Value Chain
10-06-2025
- Business
- Fashion Value Chain
Raffles Sentosa Singapore Hosts Grand Opening Celebration with an Exceptional Showcase of Culinary and Cultural Excellence
Raffles Sentosa Singapore, the country's first all-villa resort nestled within 100,000 square metres of lush tropical greenery, commemorated its grand opening with a spectacular celebration on Saturday, 17 May 2025. Hosted by The Royal Group, the exclusive event welcomed more than 500 distinguished guests from Singapore's business and diplomatic circles for an immersive evening that highlighted the resort's exceptional dining and event offerings. Mr Omer Acar and the owners of Royal Group toast to the grand opening The evening began with a ribbon-cutting ceremony at the resort entrance at 5:00pm, commemorating the grand opening of Raffles Sentosa Singapore. Guests were then invited on a curated journey through the property, experiencing first-hand the elegance of the resort's lush tropical gardens, its five distinct dining destinations, and spectacular event spaces. An Odyssey of Taste and Elegance From arrival, guests were welcomed in Raffles Room with the resort's signature Sentosa Sling, a refreshing twist on the Singapore classic made with lemons grown in the resort's gardens, before embarking on a progressive culinary adventure across the resort. Highlights included: Royal China , the resort's refined Cantonese restaurant, where its signature Royal Peking Duck was served alongside Honey-glazed Kurobuta Pork and Roasted Pork Belly. IYASAKA by Hashida , the resort's omakase-style Japanese restaurant, offered a contemplative tasting of seasonal delicacies like Hotaru Ika (firefly squid) and caviar served atop soft taco shells made from buckwheat flour. Empire Grill, the resort's signature modern Italian dining venue, delivered an elevated canape experience crafted by 48 chefs over 26 hours. In total, 6,850 canaps were served, using caviar among other premium ingredients, complemented by celebratory bottles of champagne and Sentosa Slings. The main event was held in Raffles Ballroom, a spectacular space with capacity for 400 banquet guests or 600 for standing events. Lavishly transformed for the evening, the ballroom featured food stations from each restaurant and a lineup of live performances, including soprano Seia Lee, jazz vocalist Alemay Fernandez with her band, and a roving performance by renowned Erhu soloist Calista Liaw. Guests also toured the resort's two grand ballrooms, each adorned with bespoke Lasvit chandeliers inspired by Singapore orchids, reaffirming Raffles Sentosa Singapore as a premier venue for prestigious occasions. A New Benchmark for Celebrations Designed for discerning travellers and curated events, Raffles Sentosa Singapore offers an unparalleled sense of privacy and personalised service. With villas starting from 211 sqm, each featuring its own private pool and terrace, and complemented by world-class dining, the resort sets a new benchmark for luxury hospitality in Singapore. Welcome Home Experience In celebration of the Grand Opening, guests are invited to enjoy the resort's Welcome Home experience-a luxurious stay package including private roundtrip transfers, daily breakfast for two at Empire Grill, and a complimentary Sentosa Sling. This exclusive offer is valid for bookings made before 31 October 2025 for stays through 30 November 2025, with rates starting from S$1,398 per villa per night, subject to 10% service charge and prevailing government tax. FormoreinformationonRafflesSentosaSingaporeortomakeareservation,visit High-res images are available here. About Raffles Founded in Singapore in 1887, Raffles Hotels, Resorts and Residences are places where ideas are born, history is made and stories and legends are created. At each landmark address, distinguished guests and residents will find a world of elegance and enchanted glamour, where Raffles' renowned legacy of gracious service knows no bounds. As the authentic heart of a destination, Raffles champions fine art and design, and fosters culture in all its forms, guiding guests to make discoveries in their own time and way. Raffles' commitment to local communities is expressed through diverse initiatives with a unified mission to actively support the arts and the environment. From one generation to the next, visitors arrive as guests, leave as friends, and return as family. Raffles can be found in key international locations including Singapore, Paris, London, Boston, Istanbul, Dubai, Doha, Maldives, Jaipur, Phnom Penh and Bali, among others; with flagship openings upcoming in Sentosa, Singapore and Jeddah, Saudi Arabia. Raffles is part of Accor, a world leading hospitality group counting over 5,600 properties throughout more than 110 countries, and a participating brand in ALL, a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences. | | About Raffles Sentosa Singapore An oasis of wellbeing immersed in an exquisite natural environment, Raffles Sentosa Singapore is Singapore's first all-villa hotel featuring 62 contemporary villas, each with its own private pool, terrace, and tropical garden. Located on a hilltop in Sentosa, Singapore's 'island in the city,' the resort is a secluded sanctuary just 15 minutes from the city centre. Raffles Sentosa Singapore offers five restaurants, an expansive spa that cocoons guests in holistic wellness, two magnificent ballrooms, and direct access to an award-winning golf club and Sentosa's Tanjong Beach. About The Royal Group Established in 1947, and headquartered in Singapore, The Royal Group is in the development and management of real estate. Their portfolio includes a wide range of properties comprising residential, industrial and commercial properties that include Office Towers, Shopping Malls and Hotels. Headquartered and situated at 3 Phillip Street, the group has invested in properties in the Asia Pacific region – Singapore, Malaysia, Indonesia – and London (UK). The strategic locations of their properties and quality management of their portfolio have attracted many reputable tenants from various industries including banks, law firms, business schools, executive business clubs, fast food chains, food courts, serviced offices, department stores and fashion and apparel boutiques.
Web Release
29-05-2025
- Business
- Web Release
'Comera Finance, Part of Abu Dhabi's Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License.'
'Comera Finance, Part of Abu Dhabi's Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License.' Comera Finance, part of Comera Financial Holding and Abu Dhabi's Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial Company (NBFC). This significant milestone reinforces Comera's commitment to delivering a seamless, tech-powered financial ecosystem tailored for the UAE's digitally connected future. Comera Finance will offer the entire spectrum of products including Retail, SME and Corporate lending. These would include Credit Cards, Personal Loans, Mortgages, Vehicle Finance and other borrowing requirements of Consumers and Letters of Credits, Bank Guarantees, Performance Bonds, Working Capital lending and tailor made Supply Chain Finance to its SME's and Corporate clients. At the heart of Comera's offering will be its advanced digital infrastructure. Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications to create a frictionless experience for users. This approval aligns with the UAE leadership's ambitious vision to build a world-class digital economy, promoting financial inclusion, innovation, and seamless access to digital services. As part of this national vision, Comera Finance will integrate with AANI, the Instant Payment Platform (IPP) and support Jaywan card issuance—paving the way for greater adoption of cashless transactions across the country. 'With this NBFC license, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, Chief Executive Officer and Managing Director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' As the UAE accelerates toward becoming a regional fintech leader, Comera stands ready to support that journey—merging innovation with trust to reshape financial experiences for the modern era. Comera Finance is expected to go live to public by end of Q3 2025 with a host of digital offerings.
Arabian Business
28-05-2025
- Business
- Arabian Business
Comera receives UAE central bank approval to launch finance company
Comera Finance, a subsidiary of Comera Financial Holding and part of Abu Dhabi's influential Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial Company (NBFC). This development marks a pivotal moment for Comera Finance, positioning the firm to deliver a comprehensive, tech-driven financial ecosystem tailored for the UAE's digitally connected landscape. Once operational, Comera Finance will offer a full suite of financial products and services, spanning retail, SME, and corporate lending. Its offerings will include credit cards, personal loans, mortgages, vehicle finance, and other consumer borrowing products. For SMEs and corporates, Comera will provide financial instruments such as letters of credit, bank guarantees, performance bonds, working capital lending, and customised supply chain finance solutions. Central to Comera's strategy is a robust digital platform built on scalable cloud architecture. The infrastructure integrates real-time processing, AI-driven fraud detection, advanced security protocols, and instant payment notifications—creating a seamless and secure experience for users. The approval aligns with the UAE's national push toward financial innovation, digital transformation, and inclusion. As part of this initiative, Comera Finance will integrate with the country's Instant Payment Platform (AANI) and support the issuance of Jaywan cards, contributing to the nation's ongoing shift toward a cashless economy. 'With this NBFC licence, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, Chief Executive Officer and Managing Director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' Comera Finance is expected to go live by the end of Q3 2025, launching a range of digital financial services designed to reshape how individuals and businesses access credit and manage finances in the UAE.
Zawya
28-05-2025
- Business
- Zawya
Comera Finance receives in-principle approval from the Central Bank of UAE for a finance company license
Abu Dhabi, UAE – Comera Finance, part of Comera Financial Holding and Abu Dhabi's Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial Company (NBFC). This significant milestone reinforces Comera's commitment to delivering a seamless, tech-powered financial ecosystem tailored for the UAE's digitally connected future. Comera Finance will offer the entire spectrum of products including Retail, SME and Corporate lending. These would include Credit Cards, Personal Loans, Mortgages, Vehicle Finance and other borrowing requirements of Consumers and Letters of Credits, Bank Guarantees, Performance Bonds, Working Capital lending and tailor made Supply Chain Finance to its SME's and Corporate clients. At the heart of Comera's offering will be its advanced digital infrastructure. Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications to create a frictionless experience for users. This approval aligns with the UAE leadership's ambitious vision to build a world-class digital economy, promoting financial inclusion, innovation, and seamless access to digital services. As part of this national vision, Comera Finance will integrate with AANI, the Instant Payment Platform (IPP) and support Jaywan card issuance—paving the way for greater adoption of cashless transactions across the country. 'With this NBFC license, Comera is stepping into a transformative role in the UAE's fintech ecosystem,' said Akhtar Saeed Hashmi, Chief Executive Officer and Managing Director of Comera Financial Holding. 'Our technology-first approach supports the nation's long-term goal of a cashless, digitally empowered society led by visionary leadership and robust regulatory frameworks.' As the UAE accelerates toward becoming a regional fintech leader, Comera stands ready to support that journey—merging innovation with trust to reshape financial experiences for the modern era. Comera Finance is expected to go live to public by end of Q3 2025 with a host of digital offerings.
