Brent crude tumbled more than 6% on Monday as the United States and Iran halted military strikes, easing fears of an immediate disruption to energy supplies and shipping through the Strait of Hormuz. The international benchmark fell as much as 7% during early trading before recovering part of its losses. Brent futures were down $6.20, or 6.4%, at $90.58 a barrel by 0620 GMT, after briefly slipping […]
A weakness in Anthropic’s Claude Code can allow a repository to send the contents of files outside its project directory to an external server when a developer starts the coding assistant, security researchers have disclosed. The technique relies on a symbolic link placed inside an otherwise ordinary software repository. When combined with instructions in a CLAUDE. md file, the link can direct Claude Code towards sensitive material […]
Google has begun introducing a unified naming system for cyber threat actors, replacing overlapping labels used by its security teams with two-word cryptonyms designed to give defenders clearer context about attackers and their likely objectives. The Google Threat Intelligence Group, known as GTIG, said the taxonomy would standardise threat tracking across its platforms and public reporting. The change follows the integration of Mandiant and Google’s Threat Analysis […]
Arabian Post Staff -Dubai ADGM has updated its Commercial Permits framework with new regulations and detailed guidance governing sales and promotional activities, aiming to simplify approvals while strengthening consumer protection across Abu Dhabi’s international financial centre. The revised framework establishes clearer requirements for businesses, professionals and other eligible entities seeking to conduct promotions within ADGM’s jurisdiction, which covers Al Maryah Island and Al Reem Island. It applies […]
By Asad Mirza Washington and Riyadh have signed a civilian nuclear cooperation pact that could let Saudi Arabia enrich uranium on its own soil. Announced this week and now headed to Congress, the deal marks a historic shift in US nonproliferation policy, alarms Israel and threatens to reshape the regional balance of power just as […]
The article The US-Saudi Nuclear Deal Redrawing The Middle East’s Atomic Map appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai DP World has agreed to develop and operate two new terminals in Fujairah under a 50-year concession, expanding the UAE’s cargo-handling capacity and creating a deep-water gateway with direct access to the Gulf of Oman. The agreement in principle with Fujairah Ports Authority covers the Al Rugaylat container and multi-purpose terminal and the Dibba General Cargo terminal. The projects will be developed in […]
Yemen’s Houthi movement has positioned missiles and drones near the Bab el-Mandeb strait and is prepared to resume attacks on commercial shipping, raising the risk of disruption across one of the world’s most important trade corridors. Maritime security monitors have raised their assessment of the threat after the group declared a blockade targeting vessels connected to Saudi Arabia. Ships calling at Saudi ports have been warned that […]
Arabian Post Staff -Dubai Airlines should adopt a globally consistent method for calculating and displaying flight emissions as travellers and corporate customers demand clearer carbon information, the International Air Transport Association has said. The industry body is pressing carriers, booking platforms, travel agencies and regulators to use comparable operational data rather than competing calculation models that can produce sharply different estimates for the same journey. The absence […]
Watching television very often during midlife may be associated with smaller brain regions and greater signs of damage to the brain’s white matter more than two decades later, a long-term study of about 1,700 adults has found. The research identified structural differences in areas involved in memory formation, decision-making and visual processing among participants who reported the highest television viewing. The findings do not prove that watching […]
ZeroSpace has entered Steam Early Access with an unusually broad combination of real-time strategy, role-playing systems and community warfare, although its decision to place prominent streamers at the centre of its flagship multiplayer event has divided attention from the strength of the game itself. Developed by Starlance Studios and Ironward, the science-fiction strategy game launched on 20 July with the first act of its campaign, competitive matches, […]
Arabian Post Staff -Dubai Samsung’s Galaxy Watch can provide insights linked to long-term metabolic health without using a continuous glucose monitor, but it does not measure blood sugar or replace established diabetes-testing devices. The distinction centres on Samsung’s Advanced Glycation End-products Index, known as the AGEs Index. Available on the Galaxy Watch7 and newer supported models, the feature estimates the accumulation of compounds formed when sugars react […]
Dubai’s former zoo site in Jumeirah 1 is entering a new phase as a low-rise residential community, while a 710-metre public artwork preserves memories of the landmark during construction. The development will comprise 90 homes arranged around landscaped courtyards, green spaces and a central park. Shamal Holding is leading the project, which seeks to combine residential privacy with walkability, shared amenities and architectural references to the site’s […]
By Dr. Gyan Pathak Both Houses – Rajya Sabha and Lok Sabha – of the Parliament of India adjourned for the second day of the Monsoon Session on July 21 amid protests by the opposition seeking discussion on the police “brutality unleashed” on students during their “March to Parliament” on July 20. The March was […]
The article Parliament Adjourned For The Second Day On Police Brutality Unleashed On Students appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
By Dr. Gyan Pathak Cockroach Janata Party movement was reported in a section of media as one of the reasons for abrupt removal of Delhi Police Commissioner Satish Golcha on Friday July 17, 2026, who was replaced by Anurag Kumar. A day after, in the early hours of Saturday July 18, 2026, Delhi Police removed […]
The article CJP Movement Has Become Big Enough, Can’t Be Suppressed appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
SHANGHAI, CHINA – Media OutReach Newswire – 20 July 2026 – On 17 July, the 2026 World Artificial Intelligence Conference (WAIC) officially opened in Shanghai. UnionPay unveiled three proprietary AI technologies developed for the financial sector at the Shanghai exhibition area: financial transaction time-series foundation model, the Agentic Payment Open Protocol (APOP) framework, and a privacy-preserving large language model inference solution. As the AI era unfolds, the showcase highlights UnionPay’s continued commitment to accelerating the adoption of digital and intelligent technologies.
On 18 July, UnionPay hosted the Release of Phased Achievements of the National Pilot Base for AI Application (Financial Sector) at the UnionPay Center alongside WAIC 2026. The event brought together more than 100 representatives from commercial banks, Chinese and international partners, leading technology companies, academia, and research institutions. During the event, UnionPay released its “1+6+N” AI achievements framework, announced a series of industry partnerships, and launched a joint initiative calling for greater collaboration on the development and governance of the financial industry. These achievements demonstrate the progress of the National AI Application Pilot Base in building an open innovation platform that accelerates AI adoption across the industry.
Dong Junfeng, Chairman of China UnionPay and UnionPay International, attended the event and delivered a keynote speech. He noted that AI is rapidly reshaping the financial industry. Since the National AI Application Pilot Base was launched in 2025, it has delivered a number of meaningful outcomes through close collaboration across the industry. Mr. Dong elaborated on the vision for the development of the base from through three dimensions: sharing, collaborative governance, and mutual benefits. First, by pooling computing resources, data and models on a centralized public platform, the base helps address industry challenges such as the high cost of computing resources and data silos. This lowers barriers to AI adoption across the financial sector. Second, the base has strengthened AI security by building robust safeguards for large language models and applying AI to enhance transaction risk management and cybersecurity. Such efforts are made to support a safer and more resilient financial ecosystem. Third, the base is accelerating the AI adoption across real-world use cases. It has incubated a range of commercial AI solutions spanning agentic payments, credit risk management, consumption promotion and merchant digital transformation, turning technological innovation into tangible business value. Looking ahead, the future of AI + Finance holds enormous potential. UnionPay looks forward to working with partners across industries to build an open, shared, and well-governed financial AI ecosystem that supports the development of new productive forces through technological innovation.
A highlight of the event was the official launch of UnionPay’s “1+6+N” AI achievements framework.
The “1” represents a unified portal—the National AI Application Pilot Base. Built on a “One Portal, Six Centers” structure, it integrates six specialized centers covering models, datasets, applications, talent development, supply-demand matching, and financial services. Together, the platform currently hosts 11 models, 14 datasets, 59 demonstration applications, and 61 service offerings, bringing together 145 core resources in total.
The “6” refers to six independent and controllable capabilities, including computing resources scheduling through a trusted intelligent computing sharing platform, high-quality financial datasets, finance-specific foundation models, AI-powered financial security services, financial AI standards, and a pilot testing sandbox that supports model training and evaluation. Together, these six capabilities form the base’s shared technology foundation, providing ecosystem partners with the core technical infrastructure.
The “N” represents a portfolio of benchmark use cases, standardized AI solutions, and demonstration applications built on this technology foundation. These applications span five key areas—intelligent payments, inclusive finance, consumption growth, risk management and compliance, and operational excellence—building a multi-tier product portfolio serving consumers, merchants, local governments and financial institutions. This accelerates the application of AI capabilities across diverse use cases.
Together, the “1+6+N” framework of the base connects computing power, data, models, and use cases and forms an end-to-end value chain. By addressing common industry challenges—including limited computing resources, data silos and the high cost of AI deployment—it delivers standardized and widely accessible AI capabilities, providing the financial industry with reusable, highly secure and one-stop AI solutions for intelligent transformation. This also reflects UnionPay’s commitment not only to driving its own business growth, but also to enabling the industry through foundational capabilities and reinforcing financial infrastructure for the AI era.
These achievements have already been made available to industry partners and are beginning to create value. For banks, acquirers and other financial institutions, UnionPay’s shared infrastructure enables rapid access to mature financial AI capabilities without the need to build systems from scratch, significantly reducing both technical barriers and implementation costs. For merchants, UnionPay offers AI-powered marketing, digital analytics and intelligent risk management tools to support smarter operations, improve customer engagement and enhance operational efficiency, enabling even small and medium-sized businesses to benefit from AI innovation. For technology companies and other ecosystem partners, the base enables partners to rapidly adapt AI products for financial applications and complete compliance validation, accelerating the commercialization of technological innovations.
The event also featured six rounds of partnership signing ceremonies, covering areas including AI-themed card, cross-border agentic payment ecosystem development, AI-powered operational empowerment for merchants, joint commercialization of pilot base innovations, and broader ecosystem collaboration across the financial industry chain.
Following the signing ceremonies, UnionPay released the Initiative on the Collaborative Development and Governance of AI Applications in Financial Services, with representatives from participating organizations joining the stage to witness its launch. Building on the “1+6+N” framework, the initiative calls on industry stakeholders to collaborate in four areas: First, advancing trusted AI systems that serve the real economy by establishing governance mechanisms for traceable and explainable algorithms while safeguarding data privacy and security; Second, strengthening collaboration among industry, academia, research institutions and users, leveraging the base to jointly advance core technologies and develop independent and secure financial AI infrastructure; Third, promoting openness and inclusiveness by sharing mature AI models, testing services and implementation solutions to reduce the cost of intelligent transformation, particularly for SMEs; Fourth, improving lifecycle governance through tiered risk management, enhanced compliance standards and coordinated risk prevention. The initiative calls on all industry stakeholders to work together by jointly strengthening the foundation, unlocking greater value through shared capabilities, and reinforcing collaborative governance, with the goal of advancing the sound development of AI in the financial sector and driving digital finance through technological innovation.
Hashtag: #UnionPay
The issuer is solely responsible for the content of this announcement.
For generations, mahjong has been far more than a pastime. Rich in symbolism, strategy and tradition, the centuries-old game has long brought families and friends together around a table, and today it is enjoying a global resurgence, winning new audiences across the United States and beyond.
Against this backdrop, the one-of-one creation brings together exceptional materials, artisanal craftsmanship and Imperial Feng Shui principles into a collector’s piece that channels cultural heritage into meaningful change.
Turning Prosperity Into Hope for Children
Diffuse Intrinsic Pontine Glioma (DIPG) is a rare and aggressive brain tumour that primarily affects children between the ages of five and 11, and has long been considered incurable. In 2024, doctors reported the world’s first case of a child effectively cured of DIPG, renewing global momentum in the field — yet research into the disease remains critically underfunded.
All proceeds from the sale of the mahjong set will be donated to DIPG Foundation Singapore, Singapore’s first foundation dedicated to advancing research into DIPG and other paediatric brain cancers. Founded by families who each experienced the loss of a child to the disease, the foundation supports research, advocates for greater access to innovative therapies and clinical trials, and provides resources for affected children and their families.
For Grand Master David Goh, founder of Imperial Harvest, donating the proceeds reflects a belief that prosperity carries its greatest meaning when it can be shared. The mahjong set celebrates abundance through symbolism and craftsmanship while channelling that value into research that brings hope to affected children and their families.
A Fading Craft, Reimagined
The set arrives at a time when the traditional art of mahjong tile carving is fading worldwide, lending its craftsmanship a significance beyond luxury alone. At the heart of the set are 156 playing tiles, including Animal, Fei and Joker tiles, individually crafted in untreated Burmese Grade A Black Jadeite. Revered for its rarity and cultural significance, the stone has long been associated with protection, resilience and prosperity, with every tile retaining its natural individuality.
The tiles are housed in a bespoke trunk wrapped in exceptionally rare Himalayan Niloticus crocodile leather, prized for its naturally occurring gradient reminiscent of snow-capped mountain peaks and sourced from a tannery that supplies some of the world’s most prestigious luxury maisons. Inside, aerospace-grade Alcantara — the same premium material found in the interiors of Ferrari and Lamborghini supercars — creates a soft, durable lining that protects every tile.
Where Feng Shui Meets Design
Guided by third-generation feng shui master Grand Master David Goh, every detail has been considered not only for its visual appeal but also for its symbolic significance, resulting in a collector’s piece that seeks to harmonise Heaven, Earth and humanity.
The conventional Singapore animal tiles have been replaced by the Four Celestial Guardians — the Azure Dragon, Vermilion Phoenix, White Tiger and Black Tortoise — mythical creatures deeply rooted in Chinese cosmology that traditionally represent protection, balance and harmony. Likewise, the flower tiles have been redesigned to depict four auspicious creatures: the bat, deer, crane and magpie, collectively symbolising fortune, prosperity, longevity and happiness.
Even one of mahjong’s most recognisable tiles, the Seven Dots, has been reimagined. Instead of following its conventional arrangement, the seven circles are positioned according to the “Seven Star Lighting” formation, an Imperial Feng Shui configuration believed to represent stability, clarity and strategic balance. The Character suit, meanwhile, features English transliterations such as “Yi Wan”, “Er Wan” and “San Wan”, making the set accessible to an international audience while preserving its cultural identity.
As Grand Master David Goh describes it, the set is “far beyond a Mahjong set. Every detail has been calibrated to harmonise Heaven, Earth and Man, ensuring that its owner engages not just in a game, but in a field of aligned opportunity, protection and infinite prosperity.”
A New Definition of Luxury
Whether viewed as a collector’s piece, a work of design or cultural heritage, the Imperial Feng Shui Mahjong Set occupies a category of its own — a reminder that the greatest luxury may ultimately be the opportunity to create meaningful change. It is a philosophy that Imperial Harvest carries through its bespoke Feng Shui consultation services in Singapore, where prosperity is understood as something to be built, and shared.
Hashtag: #ImperialHarvest #GrandMasterDavidGoh #ImperialHarvestMahjongSet #ImperialFengShui
https://imperialharvest.com/
https://www.instagram.com/imperialharvest/
The issuer is solely responsible for the content of this announcement.
SHANGHAI, CHINA – Media OutReach Newswire – 19 July 2026 – ACE ROBOTICS today unveiled Kairos 3.1, its latest action-oriented world model, alongside Ambient Capture Engine 2.0 and three commercial solutions spanning instant retail, hospitality and outdoor service scenarios.
The announcements were made at a forum ACE ROBOTICS organized during the 2026 World Artificial Intelligence Conference, convened around the theme of advancing physical AI from “understanding” to “execution.” The event brought together economists, technology executives and embodied AI researchers to examine how general-purpose world models can move from laboratory research to industrial deployment.
The forum also marked the launch of PHYSICAL IQ, a unified benchmark for embodied physical intelligence. It was jointly initiated by the Shanghai Artificial Intelligence Association, the Shenzhen Loop Area Institute and the East China branch of the China Academy of Information and Communications Technology, with participation from more than 20 universities and industry partners.
Thomas J. Sargent, Nobel laureate in Economic Sciences, discussed the limitations of current intelligent systems in rare and previously unseen situations.
A world model built for the physical world
“In the digital world, a model error may result in a flawed image or paragraph. In the physical world, an incorrect action can have real consequences,” said Wang Xiaogang, Chairman of ACE ROBOTICS. “Kairos 3.1 is built around a first-principles approach to embodied world models, helping robots act more reliably in complex and uncertain environments, and accelerating the arrival of physical AI’s Kairos moment.”
Kairos 3.1 is designed as a natively unified model that integrates generative, physical and cognitive intelligence within a single architecture, rather than combining separately developed capabilities.
Built on a hybrid Transformer architecture with a shared mixed-attention mechanism, it brings visual observations, language instructions, force and tactile signals, and policy trajectories into a unified latent space.
This supports an “understand, reason, execute and reflect” loop. The model can break down long-horizon tasks, simulate physical cause and effect across multiple scenarios, rank candidate actions, execute the selected strategy and evaluate the outcome for further adjustment.
At the core of its spatial understanding is ACE-BRAIN-0.5. ACE ROBOTICS said it has achieved state-of-the-art results across 12 public evaluations covering spatial understanding, navigation, manipulation and task-progress assessment, among publicly reported models as of July 2026.
In a household laundry scenario, for example, a robot can identify spatial relationships between objects, divide a task into more than a dozen steps and verify each stage in real time. If a failure occurs, it can identify the affected step and restart from that point rather than repeating the entire task.
For physical generation and reasoning, Kairos-HomeWorld supports whole-home scene generation and object interaction. It is built on 300,000 residential floor plans, 5,000 simulated home environments and 8,700 3D assets covering six categories of physical properties, designed to reflect common residential layouts in China.
The model can simulate multiple action trajectories in parallel and rank them based on predicted success and execution cost before sending instructions to a physical robot.
In internal testing, the Kairos 3.1 8B model achieved an inference latency of 125 milliseconds on the NVIDIA Jetson Thor platform at BF16 precision. Its in-house KairosRT computing engine supports real-time, on-device inference.
Kairos 3.1 also incorporates self-reflective iteration. When an action fails, the robot can evaluate the result and adjust its strategy. In one test, for example, it changed from a three-finger to a four-finger grasp after an unsuccessful attempt and subsequently completed the task.
From high-density data to continuous learning
ACE ROBOTICS also introduced what it calls the “Information-Density Law” for embodied models: the value of data is determined not only by its volume, but by whether it contains information capable of changing the outcome of an agent’s actions.
ACE ROBOTICS classifies embodied data across five information-density levels, from L1 to L5. L1 and L2 data support foundational pre-training; L3 and L4 data remain focused on known tasks; and at L5, data incorporates three-dimensional force and tactile signals, failure-recovery trajectories and variables from open environments. The company says these higher-density forms of interaction data support stronger generalization, reflection and continuous learning.
Built on this principle, Ambient Capture Engine 2.0 is a human-centric system for capturing, processing and reusing high-density physical-interaction data.
ACE Ego Kit is a lightweight wireless wearable comprising head, hand and chest components. It includes the ACE Sense Glove, which offers sensitivity of 0.01 newtons and a joint-angle error of less than two degrees. The system can synchronize data from more than 20 heterogeneous sensors with a timing error of less than one millisecond.
ACE Data Engine is an automated data-production platform for continuous, high-precision annotation of long-horizon tasks. It incorporates ACE-ViDiHand, a generative 4D hand-motion-capture framework designed to track movements despite occlusion and rapid motion, which ACE ROBOTICS reports led across three public benchmarks (ARCTIC, HOT3D and HOI4D) as of July 2026. The company recorded a frame-level accuracy of 0.997 and up to a 4.8-fold improvement in motion smoothness.
ACE Ego Matrix standardizes embodied data across four dimensions: spatial coordinates, embodiment structure, action timing and data quality. It is designed to align data collected by different operators, devices and robot platforms for reuse across systems. ACE ROBOTICS has open-sourced the framework, which it says placed first on the RoboCase and RoboTwin leaderboards.
ACE ROBOTICS also announced the open release of ACE-Data-0, an L5 household-interaction dataset featuring complex physical tasks and high-precision annotations.
Three solutions moving into commercial operation
Building on its data infrastructure and Kairos world-model capabilities, ACE ROBOTICS introduced three standardized industry solutions designed for deployment within existing commercial workflows.
Xiaoman, its integrated fulfillment solution for instant retail, is paired with the new W1 fulfillment robot. The W1 has a robot-to-payload weight ratio of less than 2:1, force-control precision within one newton and a minimum required aisle width of 75 centimeters, making it suitable for high-density shelving environments. It is able to grasp both flexible packaging and rigid goods.
The solution connects robot hardware, world-model capabilities, motion control, product information, warehouse locations and order management. It supports lightweight deployment within days across flash-fulfillment warehouses, small-format stores and integrated warehouse-store setups. It has been deployed with customers including Sense MartGo, Kuaikeda and PetroChina convenience stores, using real order and shelf data to improve fulfillment performance. ACE ROBOTICS plans to deploy the solution across 1,000 retail locations over the next year and expand to approximately 10,000 stores within two years.
Xiaoxin addresses hotel-laundry operations, where ACE ROBOTICS estimates that approximately 80% of demand occurs at night.
The solution enables robots to handle collection, loading, unloading, washing, sorting and folding, with ironing capabilities planned for future versions. It is designed to reduce night-shift staffing pressure and improve operational consistency across non-standard hotel laundry environments.
Xiaotu is designed for autonomous operation in complex outdoor environments. Using a “one brain, many bodies” architecture, it applies a general-purpose intelligent brain (Agentic AI) across multiple quadruped robot platforms.
The system supports indoor and outdoor navigation, dynamic obstacle avoidance, autonomous charging, remote dispatch and multi-robot coordination. It has been deployed in visitor-guidance and interactive experience services at cultural-tourism events, including the Begonia Flower Festival in Tianjin.
Building an open embodied AI ecosystem
ACE ROBOTICS also announced a series of partnerships spanning infrastructure, computing and commercial deployment.
The company entered into a strategic collaboration with the Caohejing Development Zone to develop an embodied AI innovation platform.
In retail and fulfillment, ACE ROBOTICS announced collaborations with PetroChina, Kuaikeda and SenseTime Shanhui covering autonomous warehouse stores, front warehouses and unmanned retail environments.
To support the computing requirements of world-model development, ACE ROBOTICS launched the World Model Cloud Ecosystem initiative with Baidu AI Cloud, Alibaba Cloud, Huawei Cloud, Tencent Cloud and SenseCore AI Cloud.
By connecting high-density data, unified world models, robot platforms, commercial applications and shared evaluation standards, ACE ROBOTICS aims to support the transition of embodied AI from individual technical demonstrations to sustained operations in real-world environments.
Hashtag: #ACEROBOTICS
https://www.linkedin.com/company/acerobotics/posts/?feedView=all&viewAsMember=true%EF%BD%9C
https://x.com/ace_robotics
The issuer is solely responsible for the content of this announcement.
ACE ROBOTICS is a pioneering robotics company dedicated to advancing the field of embodied intelligence. Through breakthrough technological innovations and deep insights into embodied intelligence scenarios, we aim to empower robots with the ability to autonomously understand and explore the physical world, thereby accelerating their commercial implementation.
The company pioneered the ACE R&D paradigm and built a vision-based “environmental data engine, real-world cognition, embodied interaction generalization” technology chain. Using full spatiotemporal and multi-perspective environmental capture as its engine, along with Kairos 3.0 – China’s first open-source and commercially applicable world model – plus the Embodied Foundation Model as its technical backbone, ACE ROBOTICS addresses core industry challenges such as data scarcity, common sense gaps, poor generalization, and limited versatility. Simultaneously, the company unveiled its flagship A1 Embodied Super Brain Module, accelerating the large-scale commercial deployment of embodied intelligence across diverse scenarios.
ACE ROBOTICS is both a technology pioneer and an ecosystem builder. Through strategic cooperation with top hardware manufacturers, cloud service providers, and vertical scenario partners, we have broken through the “model-hardware-scenario” industrial deadlock, providing standardized and customized solutions that are driving the development of China’s embodied intelligence industry.
The agreement gives Bespoke Logistics responsibility for warehousing, vehicle inspection, technical preparation, stockyard management and transportation before motorcycles are delivered to customers. The company will also operate a VinFast-authorised service workshop at the site.
The 20,000-square-metre facility is located in Carmona City in Cavite province, south of Metro Manila. It can store as many as 30,000 vehicles, providing VinFast with a central base from which to manage product checks, preparation and distribution.
The partnership is intended to reduce delivery times while ensuring that motorcycles meet the manufacturer’s technical and quality standards before reaching buyers. It will support the first deliveries of VinFast electric motorcycles in the country and provide capacity for a wider rollout as sales volumes increase.
VinFast will train and certify technicians employed at the facility. The two companies will also introduce standardised operating procedures, quality-control systems and a supply network for replacement parts. These measures are designed to reinforce aftersales support, an area that can influence consumer confidence in emerging electric vehicle brands.
Bespoke Logistics provides automotive warehousing, pre-delivery inspection, vehicle transport and stockyard services. Its Philippine operations include technical work conducted within warehouses and inventory-management services for automotive companies.
Bui Viet Hung, VinFast’s deputy chief executive for global aftersales service, said strong infrastructure and dependable aftersales operations were necessary to support the company’s products. He described the agreement as an important step in aligning Philippine distribution and servicing with VinFast’s international standards.
Bespoke Logistics president and chief executive Allan A. Mina said the company would operate the centre according to VinFast’s requirements while expanding the technical capabilities of its workforce. Irineo Niño Fabros, chief executive of VinFast Electric Motorcycles Philippines, represented the manufacturer at the signing ceremony.
The logistics arrangement forms part of a broader strategy to establish an integrated electric motorcycle ecosystem rather than relying solely on vehicle sales. VinFast is expanding its dealership network, service operations and battery-swapping infrastructure across the Philippines.
The company has signed agreements with 14 distributors to develop showrooms in areas including Metro Manila, Cavite, Laguna, Batangas, Metro Cebu and Metro Davao. The initial product range includes the Evo, Feliz II and Viper, which use swappable batteries intended to reduce the time riders spend waiting for vehicles to recharge.
VinFast has also outlined plans for about 30,000 battery-swapping points nationwide through infrastructure partnerships. The proposed network would allow customers to replace depleted batteries with charged units, addressing concerns over charging access, limited residential parking and lengthy charging periods.
Electric motorcycles are viewed as a potentially significant growth segment in the Philippines because motorcycles remain a widely used form of personal and commercial transport. Traffic congestion, fuel costs and demand for affordable mobility have encouraged manufacturers to introduce more battery-powered models.
However, market expansion depends on more than vehicle availability. Buyers require accessible repair centres, reliable battery supplies, trained technicians and confidence that spare parts will remain available. The Carmona operation gives VinFast a high-capacity facility for handling these requirements before its motorcycle business reaches larger scale.
The move also reflects VinFast’s increasing focus on Asian markets. The Vietnam-based manufacturer has expanded its vehicle and mobility operations across the Philippines, Indonesia and other regional economies through local dealers, logistics companies and infrastructure partners.
Its Philippine presence already includes electric cars and the Green GSM electric taxi service. VinFast has also worked with charging infrastructure operator V-Green as it attempts to build connected transport, energy and servicing networks around its vehicles.
The company’s international strategy has shifted towards markets where motorcycles, compact vehicles and urban transport services offer a larger potential customer base. Its product portfolio includes electric sport utility vehicles, scooters, bicycles and buses, allowing it to compete across several transport categories.
The Carmona facility’s storage capacity gives VinFast room to handle imports and deliveries beyond its initial motorcycle launch. Centralised inspection and preparation could also help the company maintain consistent standards while its retail network expands across geographically dispersed markets.
Under the agreement, Bespoke Logistics will operate an integrated mobility processing center and VinFast-authorized service workshop, responsible for warehousing, vehicle inspection, technical preparation of electric motorcycles prior to delivery, vehicle yard management, and transportation. Located in Carmona City, Cavite Province, the 20,000-square-meter facility has a storage capacity of up to 30,000 vehicles, helping streamline vehicle preparation, improve operational efficiency, and ensure product quality before delivery to customers.
As part of the partnership, VinFast will work closely with Bespoke Logistics to implement technician training and certification programs, transfer standardized operating procedures and quality control processes, and establish a parts supply system to support aftersales operations.
Bespoke Logistics specializes in automotive logistics, offering an end-to-end service portfolio that includes pre-delivery inspection (PDI), warehousing, vehicle yard management, transportation, and vehicle delivery. The company also has extensive experience in warehouse-based technical operations and modern vehicle and inventory management systems, serving as a trusted logistics partner for multiple automotive brands in the Philippines.
Partnering with experienced local companies such as Bespoke Logistics will not only strengthen VinFast’s logistics and service capabilities in the Philippines but also provide a strong operational foundation for the delivery of its first electric motorcycles to customers.
The agreement forms part of VinFast’s long-term strategy to develop a comprehensive, international-standard electric motorcycle ecosystem in the Philippines. Alongside the launch of its diverse lineup of battery-swapping electric motorcycles, VinFast is steadily expanding its distribution network, aftersales services, and battery swapping infrastructure to deliver a seamless, convenient, and reliable ownership experience for customers.
Mr. Bui Viet Hung, VinFast Deputy CEO of Global Aftersales Service, said: “At VinFast, world-class products must be supported by robust infrastructure and exceptional aftersales services. Our partnership with Bespoke Logistics is a key milestone in strengthening our distribution and aftersales capabilities in line with global standards, ensuring that customers in the Philippines enjoy high quality products and services from day one of ownership.”
Mr. Allan A. Mina, President and CEO of Bespoke Logistics said: “We are proud to partner with VinFast as it develops its electric motorcycle ecosystem in the Philippines. We are committed to operating the facility in accordance with VinFast’s international standards while continuously enhancing our team’s capabilities and operational processes to support the brand’s long-term growth in the market.”
Over the past few years, VinFast has steadily built a green mobility ecosystem across the Philippines, Indonesia, India, and other international markets through strategic partnerships with local companies and ecosystem partners such as Green GSM and V-Green. In addition to electric motorcycles, VinFast is expanding its product portfolio to include electric cars, electric bicycles, and electric buses, providing consumers with more sustainable mobility options while accelerating the global transition to greener transportation.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) company with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses.
VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally while expanding its production footprint with a focus on key markets across North America, Europe, the Middle East and Asia.
Learn more at: https://vinfastauto.ph/
Bespoke Logistics is a Philippine-based automotive logistics, warehousing, and mobility solutions company specializing in vehicle processing, stockyard management, electric vehicle support services, transportation, and distribution.
Through its Mobility Processing Center platform, Bespoke Logistics provides integrated solutions for automotive manufacturers, distributors, and emerging mobility brands operating in the Philippines.
Sultan Ahmed Bin Sulayem has taken direct charge of MMC Port Holdings following the immediate departure of group chief executive Azman Shah Mohd Yusof, placing Malaysia’s largest port operator under the control of its Emirati executive chairman. An internal company memorandum dated July 12 instructed employees to direct matters previously handled by the group chief executive to Bin Sulayem’s office. It did not explain Azman Shah’s departure […]
Dubai Investments has agreed to acquire the remaining 80 per cent of Clemenceau Medical Center in Dubai, placing the specialist hospital under the full ownership of the diversified investment group. The transaction will be completed through Dubai Investments Industries LLC, a wholly owned subsidiary, under a non-cash arrangement with the medical centre’s two other shareholders. Khansaheb Investment LLC will transfer its 55 per cent holding, while Clemenceau […]
The decision was announced during the discussion “Competition Development in Global Grain Trade: Joint Efforts of BRICS Countries”, organized by the BRICS Competition Law and Policy Centre on the sidelines of the 23rd Session of the UNCTAD Intergovernmental Group of Experts on Competition Law and Policy in Geneva.
The event included a closed meeting of BRICS competition authorities and a public panel featuring researchers, academics and representatives of international organizations.
Discussions focused on competition in global grain markets, the growing influence of financialization and digitalization across agricultural value chains, and policy tools to improve market transparency. Participants also reviewed the findings of a joint report prepared by the BRICS Competition Centre and UNCTAD (link: https://www.bricscompetition.org/ru/grainreport) , first presented at the 9th BRICS International Competition Conference in Cape Town in 2025.
A coordinated market study
The central outcome of the meeting was the establishment of a BRICS task force that will coordinate a joint sector inquiry into global grain trade within the framework of the BRICS Working Group on Food Markets.
The task force will be co-chaired by Diogo Thomson, President of Brazil’s Administrative Council for Economic Defense (CADE), and Mahmoud Momtaz, Chairperson of the Egyptian Competition Authority (ECA).
Thomson welcomed the initiative and proposed making competition in global grain trade a key topic at the next BRICS International Competition Conference, scheduled to take place in Brazil in 2027.
“Brazil is the only jurisdiction that has launched an investigation into digital grain trading platforms such as Covantis. I therefore strongly welcome this sector inquiry, which will help us better understand the impact of digitalization across grain supply chains and the risks it may create for competition. I also support using the BRICS Competition Centre as the coordination platform for this work,” he said.
Momtaz said one of the main conclusions of the BRICS-UNCTAD report was the significant role speculative activity plays in global grain markets.
“One of the key findings of the report presented by the BRICS Competition Centre is the extent to which speculative factors influence global grain trade. The most effective response is greater market transparency. We should not accept a situation where farmers receive only a small share of the value they create while consumers in Egypt pay excessively high prices for bread. Where does this margin accumulate, and who ultimately benefits from it? These are the questions our sector inquiry should answer,” he said.
He also proposed that the task force develop a common AI-powered price monitoring tool covering BRICS grain markets.
“Such a tool would provide the information needed for market analysis and become an important complement to the joint sector inquiry,” Momtaz added.
From analysis to policy recommendations
Hardin Ratshisusu, Deputy Commissioner of the Competition Commission of South Africa, said the study should contribute to the implementation of the BRICS Grain Exchange initiative endorsed by BRICS leaders in the Kazan Declaration (2024) and the Rio de Janeiro Declaration (2025).
“The proposal to establish a BRICS Grain Exchange should become one of the key recommendations of the sector inquiry as an innovative mechanism for restoring competition in global grain trade. Our objective is not merely to identify market problems but to develop practical recommendations that can ultimately be submitted to the leaders of our countries,” he said.
Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre, said competition authorities should play a central role in designing the institutional framework of the future exchange.
“The BRICS Grain Exchange should not become another formal institution. It must serve as a practical mechanism for improving competition and market transparency. Competition authorities are uniquely positioned to identify the institutional features that will allow the exchange to achieve these objectives,” he said.
Growing international role
Frédéric Jenny, Chairmanof the OECD Competition Committee, said the initiative demonstrated the growing international role of BRICS competition authorities.
“This project illustrates how BRICS competition authorities are becoming drivers of the global competition agenda. In the past, they largely followed the lead of developed jurisdictions. That is no longer the case. There are very few examples worldwide of such close cooperation between competition authorities. This applies not only to joint market studies, but also to enforcement cooperation and competition advocacy. Rather than acting individually, you have found both the mechanisms and the political will to work together,” Jenny said.
The task force will now begin developing the methodology and work plan for the joint inquiry. Its findings are expected to provide policy recommendations aimed at strengthening competition, improving transparency in global grain trade, and supporting future BRICS initiatives in agricultural markets.
Hashtag: #BRICSCompetition
The issuer is solely responsible for the content of this announcement.
India has barred shipping companies from assigning the country’s seafarers to vessels passing through the Strait of Hormuz, tightening safety measures after deadly attacks on merchant ships in the Gulf. The Directorate General of Maritime Administration issued the instruction through Circular No. 36 of 2026, dated July 15, directing shipowners, ship managers and recruitment and placement service companies to stop fresh deployments on voyages involving the strategic […]
Telegram has introduced a rich text editor that allows users to publish structured, article-length content directly inside chats, groups and channels, marking a significant expansion beyond conventional instant messaging. The editor supports headings, tables, numbered and bulleted lists, quotations, code blocks, mathematical formulas and media embedded within the body of a message. Users can compose posts of more than 32,000 characters, removing the need to divide detailed […]
