Arabian Post Staff -Dubai Danube Properties has moved beyond its apartment-led playbook with the launch of Greenz by Danube, a master-planned townhouse and villa community in Dubai International Academic City, as developers race to capture demand for larger family homes even as caution is building around the wider property cycle. The project is the company’s first large-scale integrated community of this kind, with handover targeted for the […]
The mission is an extension of the 42-year relationship Ray Dalio has had with China and its people, and it is delivered in collaboration with the Chinese People’s Institute of Foreign Affairs (CPIFA), the Second Institute of Oceanography (SIO), and the China-U.S. Exchange Foundation (CUSEF). The mission’s goals are to promote high quality people-to-people exchanges between nations, advance ocean literacy and scientific understanding, and equip participants with the skills to communicate the importance of our shared ocean to broader audiences.
Expanding Access to Ocean Science and Education
The China 2026 program represents a milestone in OceanX’s global engagement efforts, creating new opportunities for students and researchers to access hands-on learning at sea. Participants from the United States and China will take part in a structured program designed to build practical knowledge, develop interpersonal connections, and strengthen individual capabilities in ocean science, operations, and communication.
“At this time of great conflict in the world, I believe more than ever in the power of people-to-people exchanges to create mutual understanding” said Ray Dalio, Founder of OceanX. “Understanding the ocean is a shared interest for both the U.S. and China—and for the scientists and students who are on this joint mission. It is a thrill to see them working together.”
Hands-On Learning Across Science, Operations, and Media
The program delivers a structured curriculum that combines lectures, workshops, and applied learning experiences across three focus areas:
Participants will develop individual and small-group projects as part of the program, focused on applying knowledge gained throughout the voyage. They will also forge new connections and build mutual understanding with their peers.
“Understanding the ocean requires both scientific insight and the ability to communicate it clearly,” said Vincent Pieribone, Co-CEO and Chief Science Officer of OceanX. “This program is designed to give participants exposure to the tools, technologies, and storytelling approaches that are shaping how ocean science is conducted and shared.”
Inspiring the Next Generation of Ocean Leaders
By combining advanced marine technology, scientific research, and immersive storytelling, OceanX is working to broaden access to ocean discovery and inspire future generations to engage with ocean science.
“A Shared Voyage: OceanX China 2026 represents an important opportunity to support ocean education and public awareness,” said Ms. Lyu Tin, director of the Department of North American and Oceanian Affairs, Chinese People’s Institute of Foreign Affairs (CPIFA).
“This initiative highlights the importance of continued investment in ocean science education and capacity building,” said Prof. Huang Wei, Chinese Chief Scientist for the mission and research at Second Institute of Oceanography (SIO).
A Shared Voyage: OceanX China 2026 supports OceanX’s mission to unlock the ocean’s sustainable potential through science and education, while advancing ocean literacy and long-term stewardship.
Hashtag: #OceanX
The issuer is solely responsible for the content of this announcement.
OceanX is a nonprofit working to unlock the ocean’s sustainable potential. Through a dual focus on science and education, we’re building a new paradigm where humanity and the ocean mutually thrive. Our approach is fueled by exploration, leveraging advanced research, multimedia educational programs, cross-sector partnerships, and advanced technology to help transform how people understand and value the ocean. Our work strives to fortify biodiversity and increase the sustainable use of ocean resources to help ensure the ocean remains a foundation for human wellbeing and potential. OceanX is a nonprofit operating program of Dalio Philanthropies. For more information, visit 
www.oceanx.org and follow OceanX on Facebook, Instagram, X (formerly Twitter), TikTok, 
LinkedIn, and 
YouTube.
Berkeley Group is halting new land purchases and slowing construction, marking one of the sharpest signals yet that Britain’s housing recovery remains vulnerable to higher costs, planning friction and tighter development economics. The FTSE 100 housebuilder said the pressure from taxes, regulation and wider market uncertainty has made fresh land buying harder to justify, even as it tries to protect margins and preserve cash. The decision […]
Dubai-based Danube Group has said it will retain its full workforce and keep salary payments on schedule, with founder and chairman Rizwan Sajan telling staff the company will not resort to layoffs even as businesses across the Gulf navigate the strain of regional conflict, supply disruption and shakier investor sentiment. The assurance, carried in a public message from Sajan and echoed in local business coverage, applies to […]
Anthropic has acknowledged that an internal release mistake exposed part of the source code behind Claude Code, its AI coding assistant, in an incident that has sharpened scrutiny of the startup’s internal controls at a time when it is selling safety, reliability and enterprise trust as core parts of its pitch. The company said the exposure was caused by a packaging error linked to human mistake rather […]
Coca-Cola and its authorised bottling partners in South Africa have set out plans to invest 17.6 billion rand, about $1 billion, in the country through 2030, betting that wider production capacity and a stronger distribution network will deepen their footprint in one of the group’s most important African markets. The announcement was made in Johannesburg at the sixth South Africa Investment Conference and covers Coca-Cola Beverages South […]
Highlights of the Annual Results for the Year Ended December 31, 2025:
HONG KONG SAR – Media OutReach Newswire – 1 April 2026 – Ingdan, Inc. (“Ingdan” or the “Company,” Stock Code: 400.HK; together with its subsidiaries, the “Group”), an innovative technology services platform group, today announced its audited consolidated results for the year ended December 31, 2025 (“2025” or “the Year”). The results reflect a landmark year of performance, further cementing the Company’s position at the core of the AI industry value chain. The Group serves as an ecosystem services platform anchored in AI chips, with a strategic focus on AI computing power centers and AI smart terminals. The Company is dedicated to building an AI industry connector with broad industrial linkages. Its core positioning is to bridge upstream AI chip technology with the needs of downstream innovation enterprises. The Group has established deep partnerships with world-leading chip manufacturers including NVIDIA, Xilinx, Intel, AMD, and SanDisk. Leveraging chip distribution as its gateway, the Group provides customers with an integrated, full-chain service covering technology solutions, supply chain services, technical training, and after-sales operation and maintenance — connecting the ecosystem service chain from chip supply to end-application deployment, and empowering the industrialization of AI technology.
2025 Full Year Financial Highlights
Benefiting from continued robust AI computing power demand and a significant uptick in chip requirements across AI technology-related industries, the Group’s revenue for the year reached approximately RMB15,206.7 million, comprising 62.6% from technology solutions, 37.0% from distribution business, and 0.4% from proprietary products — representing a year-on-year increase of approximately 50.1% from RMB10,129.1 million in 2024. The Group’s gross profit was approximately RMB1,104.2 million, up 24.1% year-on-year. Operating profit was approximately RMB532.4 million, up 24.4% year-on-year. Net profit after tax was approximately RMB310.2 million, up 13.4% year-on-year. Profit attributable to equity shareholders of the Company was approximately RMB214.8 million, up 13.1% year-on-year.
As at December 31, 2025, the Group’s cash and bank balances (including pledged deposits) amounted to RMB1,264.3 million, bank loans stood at RMB2,628.0 million. The total number of issued ordinary shares was 1,644,262,732 shares, with basic weighted average shares of 1,582,928,000 shares.
Deepening AI Computing Power Supply Chain: Comtech Continuously Empowering Industry Innovation
In the current strategic growth phase of the global semiconductor industry, the synergistic evolution of AI, cloud computing, and IoT technologies — combined with breakthroughs in humanoid robotics — is driving exponential growth in global computing power demand. This trend is not only spurring iterative demand for high-performance computing chips such as GPUs and ASICs, but also accelerating technological upgrades across the entire industry chain, including high-speed storage chips and intelligent networking equipment.
Against this backdrop, the Group’s core business unit, Comtech (“Comtech”) — a technology services platform for the chip industry — serves as a core supplier in the AI computing power supply chain, and is deeply engaged in the development of global computing power networks, with its service coverage spanning data centers, AI servers, AI switches, optical modules, and a wide range of AI application sectors. Comtech collaborates closely with leading global chip manufacturers, acting as an authorized distributor for over 80 core suppliers, including NVIDIA, Xilinx, Intel, AMD, and SanDisk, and many leading domestic chipmakers.
Leveraging years of deep market expertise, Comtech has accumulated extensive technical experience and industrial resources, enabling it to provide chip application solutions and supply chain management services to tens of thousands of downstream clients. Utilizing proprietary AI technologies, large language models (LLMs), and specialized knowledge bases, Comtech delivers intelligent and automated solutions in chip selection, hardware design, software development, and system integration, significantly enhancing product performance and reliability.
Comtech’s proprietary product line is entering a new era of AI acceleration. The Company holds multiple proprietary intellectual property rights in AI chip applications and intelligent supply chain, including an intelligent algorithm library, industry-specific large language models, an intelligent hardware design platform, an adaptive system architecture, and a broad portfolio of innovative technology patents. Its subsidiary, Kepler Lab, has successfully developed SOM-level proprietary products based on core chips including NVIDIA Jetson and Xilinx FPGA. Benchmarked against international advanced standards, these domestically developed AI edge computing products have achieved mass shipments to customers including customs authorities and banks, and are being actively expanded into emerging sectors such as robotics, medical devices, and autonomous driving. With high gross margins and a customer base that naturally overlaps with the Company’s traditional distribution business, this proprietary product line is poised to establish a second growth curve — marking the Company’s strategic transformation from a supply chain service provider to a technology value-added service provider, and opening compelling new possibilities for the Group’s long-term value creation.
As at December 31, 2025, Comtech’s adjusted distribution cost (“ADC”) inventory amounted to approximately RMB772.0 million. For the year ended December 31, 2025, ADC inventory turnover for Comtech was approximately 21 days.
Ingdan Technology Accelerates Strategic Positioning: AI Servers and Talent Development Advancing in Tandem
AI Computing Center Business: Precisely Capturing Domestic Computing Power Demand
In view of accelerating global AI technological advancement and sustained growth in domestic computing power demand, universities, medical schools, and research institutions have an increasingly urgent need for self-controllable, high-performance AI computing power. The Group’s intelligent computing power technology and services platform Ingdan Technology (“Ingdan Technology”), is capitalizing on the import-substitution opportunity by strategically deploying its AI server business and making large-scale investments in AIDC (AI Data Center) computing power center operations and proprietary product development.
Through deep collaboration with Huawei and leveraging the Ascend 910 chip, Ingdan Technology has launched the DeepSeek all-in-one workstation to precisely address the core computing power needs of scientific researchers. The DeepSeek all-in-one workstation features stable computing performance, robust data security, and full technological autonomy — achieving a distinctive competitive advantage through the combination of leading manufacturer endorsement and customized services.
Ingdan Academy: Talent Development Surges More Than Fourfold, Supporting National Semiconductor Strategy
Leveraging the Group’s extensive resources and technological expertise in the chip industry, Ingdan Academy introduces world-leading chip application technologies and is dedicated to developing talent in chip application and AI. To date, Ingdan Academy has cumulatively trained over 9,000 chip application engineers — surpassing the previous milestone of 2,000 by more than fourfold — serving over 1,200 enterprises and supplying a large number of high-quality professionals to the chip and AI industries. Through continuous talent training and technical support, Ingdan Academy is working to help Shenzhen become a global center for chip application and AI, contributing to the development of the nation’s semiconductor industry.
Chief Executive Officer’s Outlook
Mr. Jeffrey Kang, Chairmanand CEO of Ingdan, Inc., commented: “2025 has been a year of profound milestone significance in the Company’s development journey. Building on the substantial investments made in large-scale AI computing power and proprietary products throughout 2025, we are confident that our revenue growth trajectory will accelerate in 2026.The astonishing growth in AI computing power demand has fully validated the Group’s forward-looking strategic positioning across the AI chip application value chain.Looking ahead, we anticipate significant performance improvement driven by robust and sustained growth in demand for AI chips, GPUs, and storage networking chips. Supported by a robust bank financing framework, we expect sales to major customers to grow substantially — injecting powerful momentum into the Group’s exceptional performance growth in 2026 and laying a solid foundation.
We are full of confidence in the Group’s future development, and we extend our sincere gratitude to every shareholder, customer, and business partner for their continued trust and support.”
Cautionary Statement
The information contained herein has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein by the Company or any of its affiliates, advisers or representatives. The information contained herein should be considered in the context of the circumstances prevailing at the time and is subject to change without notice. The Company does not undertake to update the information contained herein to reflect events or circumstances occurring after the date hereof.
This document is not intended to provide, and you should not rely upon it for, a complete or comprehensive analysis of the Company’s financial or operating condition or prospects. Neither the Company nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection therewith.
This document may contain forward-looking statements that reflect the Company’s current intentions, beliefs and expectations regarding future events as of the dates indicated herein. Such forward-looking statements are not guarantees of future performance and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future, and are subject to significant risks and uncertainties. In light of these risks, uncertainties and assumptions, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company and its affiliates, advisers and representatives undertake no obligation and make no commitment to update any forward-looking statements to reflect events or circumstances occurring after the relevant date.
Hashtag: #Comtech #Ingdan #AI #IC #Chips #humanoid #Intel #AMD #Sandisk #NVIDIA #Tech #RevenueGrowth #TechGrowth #AIInvestment #ProprietaryProducts #KeplerLab #Comtech #IngdanTechnology #IngdanAcademy #AIAcceleration #TechTransformation
The issuer is solely responsible for the content of this announcement.
Ingdan, Inc. (Stock Code: 400.HK) is an ecosystem services platform anchored in AI chips, with a strategic focus on AI computing power centers and AI smart terminals. The Company is dedicated to building an AI industry connector with broad industrial linkages. Its core positioning is to bridge upstream AI chip technology with the needs of downstream innovation enterprises. Leveraging chip distribution as its gateway, the Company provides customers with an integrated, full-chain service covering technology solutions, supply chain services, technical training, and after-sales operation and maintenance — connecting the ecosystem service chain from chip supply to end-application deployment, and empowering the industrialization of AI technology.
Headquartered in Shenzhen, the Group operates offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as representative offices in Singapore and Japan. The Group’s core businesses are Comtech — a technology services platform for the chip industry; and Ingdan Technology — a platform providing intelligent computing power technology and services.
Apple has brought end-to-end encryption for RCS messages back into developer testing with iOS 26.5 beta, reviving a privacy feature that appeared in the iOS 26.4 beta cycle but was withheld from the public release. The move sharpens focus on how quickly Apple can close one of the last major security gaps between iPhone and Android texting, even as the feature remains labelled beta and is not […]
Arabian Post Staff -Dubai Gold edged higher on Tuesday but remained on course for its sharpest monthly decline since October 2008, as investors weighed a powerful mix of delayed hopes for US rate cuts, a surge in energy prices linked to the Iran war and a stronger dollar through much of March. Spot gold was up about 3.2% at $4,652.31 an ounce by Tuesday, yet still showed […]
Federal prosecutors have charged a Maryland man with carrying out two 2021 attacks on Uranium Finance that drained more than $53 million from the decentralised crypto exchange, a case that is drawing fresh attention to long-running weaknesses in decentralised finance and to the growing ability of authorities to follow money through blockchain networks. The accused, Jonathan Spalletta, 36, of Rockville, Maryland, surrendered on March 30 after an […]
Volvo Cars is moving towards tighter operational links with its Chinese parent group as chairman Li Shufu presses for closer co-operation across brands to cut costs and make better use of factory capacity in an industry weighed down by weak electric-vehicle demand, trade barriers and mounting price pressure. At Volvo’s annual general meeting, Li said the company should work more closely with sister marques including Polestar, Geely […]
Vessel traffic through the Strait of Hormuz has begun to edge higher for ships deemed acceptable by Tehran, but the Gulf’s main maritime chokepoint remains tightly controlled and effectively shut to most commercial operators without Iranian clearance. Tracking data cited by Bloomberg showed a gentle rise in signal-on transits, while Reuters and other maritime reports indicate that only a narrow stream of ships linked to countries Iran […]
Warren Buffett has left open the possibility of making further donations to the Gates Foundation, even as renewed scrutiny of Bill Gates’ past dealings with Jeffrey Epstein complicates one of the most prominent relationships in modern philanthropy. The 95-year-old investor said he is watching developments before deciding whether his long-running annual gifts should continue. The remarks mark a careful shift rather than a clean break. Buffett said […]
In addition, Linklogis has always placed shareholder interests at the core of its corporate governance, rewarding investors’ trust through sustained and tangible actions. In August 2025, the Board approved a new share repurchase program of no less than US$80 million to be implemented over a one-year period. Under this repurchase program, the company has cumulatively repurchased shares totaling HK$365 million (approximately US$47 million), demonstrating its confidence in its long-term value through concrete actions.
Focusing on Core Business, Accelerating Business Structure Optimization
In 2025, Linklogis remained focused on its core business and accelerated the optimization of its business structure. The total volume of supply chain assets processed by its technology solutions reached RMB508.1 billion, up 27% year-on-year. With a market share of 22%, the company ranked first in the industry for the sixth consecutive year. The number of anchor enterprises served increased to 3,145, including 54 of China’s Top 100 enterprises and 151 of China’s Top 500 enterprises, while the number of financial institution partners reached 428, further improving the efficiency of industry-finance collaboration.
Linklogis’ supply chain finance technology solutions include Anchor Cloud, which consists of Multi-tier Transfer Cloud, AMS Cloud and Treasury Cloud, as well as FI Cloud, which consists of ABS Cloud and eChain Cloud. In 2025, the total volume of supply chain assets processed by Anchor Cloud reached RMB369.6 billion, representing a year-on-year increase of 31%. The total volume of supply chain assets processed by Multi-tier Transfer Cloud reached RMB304.2 billion, surging 47% year-on-year, with its contribution to the group’s total asset volume rising from 52% in 2024 to 60% in 2025. The total volume of supply chain assets processed by AMS Cloud, however, was RMB65.4 billion, down 13% year-on-year due to the continued decline in issuance volume in the supply chain asset securitization market.
The total volume of supply chain assets processed by FI Cloud reached RMB128.9 billion, up 20% year-on-year. Both ABS Cloud and eChain Cloud recorded solid double-digit growth in transaction volume, contributing to a 25% year-on-year increase in FI Cloud revenue. In the ABS Cloud segment, the total volume of supply chain assets processed reached RMB69.1 billion, rising 28% year-on-year. In the eChain Cloud segment, the total volume of supply chain assets processed reached RMB59.7 billion, increasing 13% year-on-year.
Linklogis focused on six key industries, including infrastructure and construction, new energy and advanced manufacturing, and worked with its subsidiary Bytter Technology to deepen targeted cross-selling, achieving breakthroughs in high-quality customer acquisition. Leveraging its one-stop comprehensive industrial-finance solutions and innovative scenario-based applications, Linklogis worked with a number of central and state-owned enterprises and leading private enterprises, including Shougang Group, China Coal Mine Construction Group Corporation and JA Solar Technology, to launch integrated industrial-finance platform projects. At the same time, it provided targeted support to 17 high-quality enterprises, including Shanghai Construction Group, Yunnan Construction and Investment Holding Group and Luzhou Laojiao, covering scenarios such as order financing, bill collateral, and supply chain bill transfer, supporting coordinated growth in both scale and value creation.
Building the “Second Growth Curve”, Unlocking Global Trade Finance Potential
2025 marked a pivotal year for Linklogis’ international business as the company embarked on a new chapter and accelerated the development of its “second growth curve.” During the year, Linklogis officially launched a comprehensive rebranding of its international business, introducing “Unloq” as its new identity for the global market, reflecting its vision of unlocking the potential and efficiency of global trade finance. Guided by a core strategy centered on cross-border trade corridors, scenario-based finance and technology-driven risk management, Unloq is committed to building a globally connected digital supply chain finance platform with strong local execution capabilities.
In line with its core strategy, the company has leveraged its cloud-native technology to launch the innovative “SC+ Platform”, designed to connect global real-world trade with digital finance. The “SC+” signifies its core function of connecting smart contracts with compliant digital payment instruments, forming a technology-enabled solution for global trade finance. The platform is dedicated to building the next-generation digital infrastructure for global trade finance and addressing systemic challenges in cross-border trade, including credit verification, fund turnover, and clearing and settlement efficiency. Through the platform, funders can utilize various compliant payment methods to purchase trade receivables.
To date, Unloq has completed the deployment of the core architecture of the SC+ Platform. Working with multiple commercial partners, Unloq has advanced the rollout of innovative applications leveraging compliant digital payment methods. In 2025, Linklogis successfully secured the bid for a Web3.0-based supply chain finance platform project for a leading central state-owned enterprise, marking a new milestone in its technological capabilities and industry recognition in the field of digital trade infrastructure.
In its international business, Unloq accelerated the expansion of cross-border trade services. In addition to traditional B2B goods trade, cross-border e-commerce and online travel agencies, it also expanded into cross-border logistics, bringing the total number of platform customers to 1,550, representing a net year-on-year increase of 451. With the deeper penetration of the SC+ Platform in cross-border trade finance, the continued expansion of its global localized service network, and the accelerated integration of solutions supporting Chinese enterprises’ overseas expansion, Linklogis’ cross-border and international business is expected to enter a phase of exponential growth in both asset volume and revenue in 2026, embarking on a new chapter of high-quality and sustainable development.
Advancing the “AI-powered Industrial Finance” Strategy: From Internal Empowerment to Industry Value Co-Creation
Linklogis remains committed to its “AI-powered Industrial Finance” strategy and continues to promote the deep integration of AI with supply chain finance across the entire value chain. Built on years of technological expertise and scenario-based refinement, its AI capabilities have evolved from internal productivity tools into a sophisticated intelligence engine that empowers the entire industrial ecosystem. By deeply integrating leading domestic large language models with its proprietary supply chain finance scenario knowledge graph and multimodal business elements, the company has systematically advanced the ongoing iteration and capability enhancement of its self-developed vertical model, LDP-GPT. Building on this foundation, Linklogis has developed the “BeeLink AI Agent” product matrix, covering more than ten core scenarios including intelligent trade document checking, intelligent PBOC registration, intelligent KYC, and intelligent risk management.
In 2025, BeeLink AI Agent continued to deliver breakthroughs in market penetration and commercialization. The number of customers served rose to 42, including domestic and overseas financial institutions and industry leaders such as Standard Chartered Bank, Bank of Hangzhou, and China Electrical Equipment Finance. Processing efficiency improved by 20 times, while accuracy in key processes reached 99%. As AI continues to evolve toward an agent-based paradigm, Linklogis will take “AI Agent+” as a strategic lever to comprehensively upgrade BeeLink AI Agent from functional tools to intelligent collaboration. It will prioritize breakthroughs in advanced capabilities such as cross-system task coordination, natural-language interactive decision-making, and adaptive workflow optimization, enabling customers to move from point intelligence to enterprise-wide intelligence, and from business insights to intelligent decision-making, thereby delivering end-to-end value across the entire value chain.
Linklogis actively responded to China’s “dual carbon” strategy and high-quality development agenda by embedding ESG principles into product innovation and the entire service lifecycle, leveraging technology to advance green finance, inclusive finance, and sustainable development. In 2025, the volume of sustainable supply chain assets served by the company exceeded RMB66.8 billion, representing a year-on-year increase of 80%, with its share of total serviced assets rising from 9% in 2024 to 13% in 2025. During the year, SMEs that obtained financing through Linklogis Supply Chain Multi-tier AR Transfer Platform benefited from an average financing cost of only 2.85%. The company continued to deepen its presence in four key sectors—renewable energy, rural revitalization, environmental protection, and public health—while further expanding into sustainable sectors such as the new energy vehicle supply chain, green buildings, and the circular economy. Through these initiatives, it directed financial resources more precisely to key segments that generate both green and low-carbon benefits and strong social impact, gradually building a broader and more influential sustainable development ecosystem that integrates industry and finance.
Expanding Full-scenario Deployment, Enhancing the Smart Industrial Finance Treasury Product Matrix
Through the acquisition of Bytter Technology, Linklogis made a strategic entry into the corporate treasury management sector. By synergizing management teams and business operations, the company successfully established the Treasury Cloud product line, providing diverse customers with end-to-end treasury management services covering settlement operations, cash planning, financing management, risk monitoring, and intelligent decision-making. As a key component of Linklogis’ “Smart Industrial Finance Treasury” strategy, Treasury Cloud is anchored by a dual-engine approach powered by AI and data, and has established a comprehensive product matrix, including the F1 treasury management system and T6 cash management system for anchor enterprises, the bank treasury system for financial institutions, and the Yingzilian SaaS platform for SMEs.
Since September 11, 2025, Bytter Technology has been consolidated into the group’s financial statements. The integration of the Treasury Cloud business has been fully completed. Linklogis will continue to deepen resources integration and business collaboration between Treasury Cloud and the group’s other supply chain finance technology businesses in areas such as product R&D, channel expansion and customer service. The company will accelerate the development of an integrated, intelligent and scalable Smart Industrial Finance Treasury platform, providing customers with one-stop digital solutions covering treasury management and industrial-finance collaboration.
Charles Song, founder, Chairman and CEO of Linklogis, said: “The year 2026 marks the tenth anniversary of Linklogis. As we stand at the threshold of a new decade, we will remain firmly committed to a core strategy of being technology-driven and globally connected, while steadfastly advancing our dual-engine approach of deepening domestic industrial finance and expanding global digital trade. We will seize opportunities amid transformation and strengthen our competitive advantages through innovation. In the domestic market, we will continue to advance the “AI-powered Industrial Finance” strategy. Anchored by the comprehensive upgrade of BeeLink AI Agent, we will accelerate AI’s evolution from scenario-based enablement to ecosystem-level collaboration. At the same time, leveraging our full-stack capabilities in Smart Industrial Finance Treasury solutions, we will continue to refine our integrated one-stop solutions, consolidate our market leadership, and ensure the steady growth of our core business. In international markets, we will accelerate the expansion of global cross-border digital trade networks through Unloq and roll out the SC+ Platform along key global trade corridors. We aim to become a key builder and connector in the ongoing digital and intelligent transformation of global trade finance. The future is already unfolding. Only the adaptable can prevail, and only the persistent can go the distance. With technology as our oar and industry as our vessel, Linklogis will continue to join forces with our partners, embarking together on the magnificent journey toward a digital and intelligent future for global industrial finance.”
Hashtag: #Linklogis
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai Distance learning across the UAE will continue until 17 April for schools and universities, extending a policy first introduced earlier this month as authorities maintain a cautious approach to student safety and operational continuity. The Ministry of Education said the arrangement would remain under weekly review, leaving room for further changes depending on how conditions develop. The decision covers nurseries, kindergartens, public and […]
Arabian Post Staff -Dubai Abu Dhabi Global Market has reported a 36 per cent rise in assets under management for 2025, capping a year in which the international financial centre also expanded its workforce by 51 per cent and lifted active licences to 12,671. The figures, released as ADGM marked its 10th year of operations, underline how strongly Abu Dhabi has been drawing global fund managers, banks […]
BANGKOK, THAILAND – Media OutReach Newswire – 31 March 2026 – The European Broadcasting Union (EBU) and Voxovation together with Thailand’s S2O Productions and Channel 3 today announced the debut of Eurovision Song Contest Asia in 2026, with Bangkok selected as the Host City for its inaugural edition, bringing together ten countries across Asia.
South Korea, Thailand, the Philippines and Vietnam are confirmed alongside Malaysia, Cambodia and Laos, as well as Bangladesh, Nepal and Bhutan, with more countries expected to join as the competition expands.
Bringing the world’s largest live TV event to Asia, Eurovision Song Contest is now opening a new chapter shaped by the region’s diversity, creativity and cultural identity, and grounded in the same spirit that has always defined the contest: United by Music.
ZOOP is the revolutionary new social media platform launching globally on 9th of April with a dedicated channel covering the new Eurovision Song Contest Asia. ZOOP will place the audience at the centre of the action, driving participation, community and interaction, with cutting-edge technology behind the experience.
Evolving Eurovision Song Contest with Asia
For seven decades, the Eurovision Song Contest has brought countries together through music, storytelling and live television, reaching audiences of hundreds of millions every year.
Now, in collaboration with leading broadcasters and production companies across Asia, Eurovision Song Contest Asia will build on that legacy, creating a new shared stage where cultures meet, voices are amplified, and creative communities connect across borders.
Rooted in the same spirit that has defined Eurovision Song Contest for generations, the contest carries forward a simple but powerful idea, connecting people through music and shared experiences. In Asia, that idea will take on new meaning, shaped by the region’s extraordinary diversity and creative energy.
Martin Green, Director of the Eurovision Song Contest, said:
“As we mark the 70th anniversary of the Eurovision Song Contest, it feels especially meaningful to open this next chapter with Asia, a region rich in culture, creativity and talent.
This is about evolving the show together with Asia, building something that reflects the voices, identities and ambitions of the region, while staying true to what has always made the Contest special.
Eurovision Song Contest Asia will be shaped by the artists, broadcasters and audiences who make it their own, continuing our shared journey of being United by Music.”
Shaping the Future of Eurovision Song Contest in Asia
Designed to grow with the region, the format brings together countries representing more than 600 million people. With no comparable pan-Asian platform today, it is set to become one of the region’s most talked-about entertainment events.
Powered by exclusive social partner ZOOP, the contest will introduce a fan participation platform where audiences do more than watch. ZOOP gives fans new ways to engage with artists, join communities, and be recognised and rewarded for real participation, while helping create a more direct and meaningful connection between talent and audience.
Peter Settman, CEO & Co-Founder of Voxovation, the exclusive licensee of Eurovision Song Contest Asia said:
“From day one, our ambition has been to build the Eurovision Song Contest Asia together with the region’s best creative talent, creating a show that truly reflects Asia’s identity and creative energy.
Together with S2O Productions, we are shaping a show where artists and fans connect across borders in new ways, through participation, community and deeper engagement beyond the stage, with ZOOP helping bring that fan experience to life.
To bring this incredible show to a new continent is something very special. I look forward to millions of people in Asia watching the competition and singing in front of the TV, dancing to the performances and predicting the outcome.”
Bangkok: Where Tradition Meets Tomorrow
Bangkok is a city where tradition and modern expression coexist seamlessly, it offers a natural home for a contest built on diversity and exchange, connecting artists and audiences from across the region and beyond.
The Contest will be broadcasted in partnership with Thailand’s Channel 3, alongside broadcasters from at least 10 countries across Asia, each bringing their own voice, identity and storytelling to the stage.
Hosting Eurovision Song Contest Asia is expected to generate strong international visibility for Bangkok, while supporting tourism, job creation and the continued growth of Thailand’s creative industries.
Thailand Welcomes The Region And The World
Eurovision Song Contest Asia will provide a powerful platform for artists to share their music, stories and identities with audiences across the region and globally, strengthening cultural exchange between Asia and Europe.
The event further reinforces Thailand’s position as a destination for world-class cultural and entertainment experiences.
Chuwit Sirivajjakul, Deputy Governor for Policy and Planning, at the Tourism Authority said:
“When I heard that the European Broadcasting Union and Voxovation were considering Bangkok as the home for the Eurovision Song Contest Asia, I thought, of course, it should be Bangkok, because this city has always been a place where cultures come together, where music fills the air, and where celebration is part of everyday life.
It is a place where tradition and innovation do not compete. They collaborate. That is the spirit of Eurovision, which celebrates the unity of diverse musical voices from across Asia and beyond.
We believe travel is in the moments that restore you, inspire you, and connect you to something larger than yourself. Eurovision Song Contest Asia embodies exactly that, and we are proud to welcome it home, marking a new chapter for Thailand’s global presence.”
Participating Countries
The inaugural Eurovision Song Contest Asia will bring together broadcasters from across the region, each representing their country with original music and national talent.
Confirmed participating broadcasters include:
Thailand — Channel 3 produced by S2O productions
South Korea
Philippines — ABS-CBN Corporation
Vietnam — Vietnam Television (VTV3) produced by Dao Music Entertainment
Malaysia — Media Prima (TV3)
Cambodia — TV5 Cambodia produced by GIGIL Cambodia
Laos — Vientiane Capital Television (VTE9) produced by 3SD Group & SG Music
Bangladesh — NTV produced by Bongo Holdings
Nepal — Himalaya TV produced by Saujanya Media
Bhutan — Bhutan Broadcasting Service (BBS)
Additional countries and broadcasters are expected to be announced in the coming weeks as the line-up continues to expand.
Journey to the Grand Final
The Grand Final of Eurovision Song Contest Asia 2026 is scheduled to take place in Bangkok on 14 November 2026.
Be part of the journey and follow Eurovision Song Contest Asia at www.eurovisionasia.com
Hashtag: #Voxovation
The issuer is solely responsible for the content of this announcement.
The European Broadcasting Union (EBU) is the world’s leading alliance of public service media, representing over 110 member organizations in more than 50 countries, with an additional 30+ associates worldwide. The EBU operates Eurovision, the premier global media exchange network, and produces the Eurovision Song Contest, one of the world’s most watched live entertainment events, reaching hundreds of millions of viewers annually. Through its work, the EBU supports collaboration, innovation and the sharing of high-quality content across borders.
Voxovation is a global entertainment company focused on developing, producing and scaling large-format television and live events. Founded by industry leaders with extensive experience in international entertainment formats, Voxovation specializes in bringing globally recognized IP to new markets and building original formats that connect audiences across cultures. The company is the exclusive licensee of Eurovision Song Contest Asia and is leading its development, production and commercialization across the region.
S2O, one of Asia’s most iconic live entertainment and production companies known for delivering large-scale events and premium experiences across Asia. Renowned for its world-class production, immersive water elements, and high-energy experiences, S2O will bring its creative and technical expertise to reimagine the Eurovision format for audiences across the Asian region and beyond. As a production partner for Eurovision Song Contest Asia, S2O will support the delivery of world-class live experiences in Bangkok.
ZOOP is a next-generation social platform designed to connect creators, fans and communities through interactive digital experiences. As the exclusive social partner of Eurovision Song Contest Asia, ZOOP powers fan engagement across the platform, enabling participation, content interaction and community-driven experiences at scale. Built on Hedera technology, ZOOP delivers secure, transparent and scalable infrastructure for digital engagement, bringing audiences closer to the action than ever before.
For media enquiries on ZOOP, contact: 
[email protected]
AD Ports Group has used its 2025 Annual Report to make a broader point than a set of earnings figures: Abu Dhabi’s state-backed ports and logistics champion is seeking to prove that scale, corridor strategy and selective overseas expansion can keep lifting returns even as conflict, tariff friction and supply-chain disruption continue to unsettle global trade. The company said revenue for 2025 reached AED 20.77 billion and […]
SINGAPORE & MALAYSIA – Media OutReach Newswire – 30 March 2026 – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced a partnership with the Malaysia Forest Fund (MFF), an agency under the Ministry of Natural Resources and Environmental Sustainability of Malaysia (NRES), to strengthen the efforts to protect and conserve Malaysia’s forests while delivering tangible benefits to local communities in Selangor. Through this collaboration, Vantage will contribute to the Penjaga Gunung (Mountain Guardian) project, one of the key initiatives under the Forest Conservation Certificate (FCC) protocol managed by the Malaysia Forest Fund.
His Highness Crown Prince of Selangor Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj and YB Dato’ Sri Arthur Joseph Kurup, Minister of Natural Resources and Environmental Sustainability, witnessed the conservation agreement exchange between Vantage Data Centers, Malaysia Forest Fund and Your Idea Maker for the implementation of the Penjaga Gunung project in Selangor. The initiative covers approximately 108,000 hectares of the Selangor Royal Heritage Forest area and engages villages from the Orang Asli community.
The Penjaga Gunung project aims to foster environmental stewardship among the youth of the Orang Asli, the Indigenous peoples of Peninsular Malaysia, while preserving their cultural heritage and creating sustainable livelihoods for the community. Through structured program and certified skills development, participants will be trained to become nature guides and community rangers, enabling them to develop village-based eco-tourism and conservation services that generate long-term income streams. This new generation of forest guardians will be equipped with essential knowledge to enhance protection of Selangor’s forest reserves and biodiversity while supporting habitat restoration to strengthen ecosystem resilience.
“Our support for Penjaga Gunung turns conservation into high-caliber, meaningful career opportunities. We are shaping a future where sustainable livelihoods and professional skills development go hand in hand with protecting the planet, ensuring that environmental sustainability is guided by the wisdom of protecting indigenous cultural heritage”, said Fitri Abdullah, country managing director, Malaysia of Vantage Data Centers. “Vantage is committed to building and operating our hyperscale digital infrastructure responsibly. We will continue to strengthen the community by investing in workforce development programs and aligning our efforts with local priorities and the Malaysian government’s digital vision.”
Vantage has established a strong presence in Malaysia with two hyperscale campuses in Cyberjaya, Selangor, in addition to one of the region’s largest campuses in Johor, all of which support cloud and AI transformation across the Southeast Asia region. For more information on Vantage’s APAC platform, please visit https://vantage-dc.com/data-center-locations/apac/.
Hashtag: #VantageDataCentre #VDC #MalaysiaForestFund #MFF
The issuer is solely responsible for the content of this announcement.
Vantage Data Centers is a global leader in digital infrastructure serving the world’s most influential AI and cloud providers. With operations spanning North America, EMEA and Asia Pacific, Vantage delivers capacity at unrivaled speed and scale, driven by a relentless commitment to operational excellence and customer success. Vantage is empowering transformative companies to shape the future.
For more information, visit http://www.vantage-dc.com.
Arabian Post Staff -Dubai European shares held their ground on Monday as investors waited for German and euro zone inflation readings that could show how sharply the Middle East war is feeding through into prices, after a surge in oil left the STOXX 600 heading for its worst month since the first pandemic shock of March 2020. The pan-European STOXX 600 was up about 0.2 per cent […]
HONG KONG SAR – Media OutReach Newswire – 30 March 2026 – Samsung ‘Solve for Tomorrow,’ a global inter-school technology competition operating in 68 countries, has been held in Hong Kong since 2013, empowering youth to address social and global challenges through innovation. This year, two core themes guided participants: Topic 1: Environmental Sustainability via Technology — Create sustainable solutions to protect our planet via AI, and Topic 2: Social Change through Sport & Tech: For Better Futures — Harness the power of AI technology and sports to open new opportunities. Both themes rigorously challenged students to innovate beyond traditional boundaries, leveraging AI and cutting-edge technologies to develop creative, practical solutions to complex societal issues and actively shape a better future.
Running from September 2025 to March 2026, the competition, co-organized by AiTLE and fully backed by the HKSAR Education Bureau’s ‘Business-School Partnership Programme’ and Hong Kong Education City, attracted over 250 teams from 100 tertiary, secondary and primary schools. Each team demonstrated unique technological approaches to tackle pressing social issues.
Yiyin Zhao, Managing Director, Samsung Electronics H.K. Company, Limited, stated: ‘Samsung has always believed technology is not merely a tool for changing lives, but a vital force driving social progress. ‘Solve for Tomorrow’ empowers young people to leverage creative thinking and technology to address real-world needs and challenges. It’s more than a competition; it’s a journey of innovative exploration that nurtures and empowers the younger generation. The widespread adoption of AI, in particular, presents unprecedented opportunities for innovation. This year, we were delighted to see students actively using AI and diverse technological solutions across the community, environment, sports, and sustainability, submitting outstanding, inspiring, and practical work. This truly demonstrates the remarkable creativity, keen observation, and effective problem-solving skills of Hong Kong’s youth.”
Samsung Nurtures Tomorrow’s Tech & Innovation Leaders
She also hopes the competition will encourage more students to step out of their comfort zones: “Beyond stimulating creativity and developing innovative solutions, we aim to cultivate critical skills: problem-solving, critical thinking, teamwork, and communication. This equips students to navigate the challenges of our rapidly evolving intelligent era confidently. We believe this competition will discover and cultivate the next generation of innovation and technology talent, contributing significantly to both Hong Kong’s and global innovation.
Samsung Solve for Tomorrow extends beyond monetary rewards, actively aligning with the Education Bureau’s ‘Business-School Partnership Programme’ to provide invaluable hands-on experience. Tertiary champions secure corporate internships, while secondary champions and first runners-up gain critical work experience, preparing them for future careers. The competition ignites students’ passion for technology and STEM, building a robust foundation for their innovation journeys and continually inspiring alumni to pursue pioneering solutions.
Final Awards Reveal Extraordinary Creativity
After the initial judging round, 95 outstanding projects advanced. They then refined their innovative solutions in Design Thinking workshops and through expert guidance. The judging panel then selected the nine finalists—the top three teams from each category, who will present their detailed project concepts and results, vying for the ultimate recognition.
Tertiary Category Champion “AquaPulse” – Developed by the Hong Kong Institute of Vocational Education (Shatin), AquaPulse is an AI coastal protection system powered by continuous 24/7 tidal and solar energy with integrated storage. It reliably detects abnormalities such as falling into the sea, even at night or in adverse weather, using millimeter-wave radar and AI vision. Upon detection, it instantly notifies rescue teams via lamppost positioning, significantly shortening response times. AquaPulse also monitors environmental data, aiming to create safer, more sustainable waterfronts for Hong Kong.
Secondary Category Champion “Plastine” – Developed by St. Paul’s College, Plastine is a solar-powered microplastic removal system for freshwater environments. It utilizes advanced electrocoagulation with aluminum electrodes to aggregate microplastics for efficient filtration and collection. Combining IoT sensors and AI algorithms, Plastine intelligently identifies optimal deployment locations. Focused on Hong Kong’s microplastic-rich rivers, it purifies water, safeguards public health, and restores aquatic ecosystems.
Primary Category Champion “Yoga 24 Go!” Wellness Exercise App – Developed by Tai Po Old Market Public School, “Yoga 24 Go!” is an innovative wellness application. It intelligently integrates the health wisdom of Traditional Chinese Medicine’s 24 solar terms with the body’s 12 meridians. Guiding users through specific yoga poses for each solar term, the app promotes “seasonal wellness” by targeting health goals such as nourishing the liver in spring, the heart in summer, the lungs in autumn, and the kidneys in winter
Award List (for details, please refer to the appendix):
| Tertiary Category | Champion |
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| 1st Runner-up |
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| 2nd Runner-up |
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| Merit Award (3 teams) |
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| Secondary Category | Champion |
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| 1st Runner-up |
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| 2nd Runner-up |
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| Merit Award (3 teams) |
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| Primary Category | Champion |
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| 1st Runner-up |
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| 2nd Runner-up |
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| Merit Award (3 teams) |
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| The Most Active Participating School Award |
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Hashtag: #Samsung #SolveforTomorrow
The issuer is solely responsible for the content of this announcement.
Samsung Solve for Tomorrow is an annual competition that brings together the creativity and passion for new technologies of young people around the world to solve social problems in local communities. In 2013, Samsung introduced this meaningful event to Hong Kong, inspiring tens of thousands of students to develop innovative solutions to address social issues in the City. Samsung is promoting the new educational philosophy of STEM. Besides encouraging Hong Kong students to deepen their knowledge of STEM – Science, Technology, Engineering and Mathematics – Samsung hopes that they can develop empathy and a sense of responsibility and apply their STEM knowledge to contribute to society. Through the competition, Samsung hopes to cultivate tomorrow’s thought leaders, equipping them with both technological knowledge and a sense of responsibility as global citizens. To learn more about Samsung Solve for Tomorrow, please visit: https://hkclubs.samsung.com/hk/offer/solvefortomorrow2025/
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, memory, system LSI, foundry and LED solutions, consistently elevating their performance and innovation to new heights. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com/.
India’s rupee surged on Monday after the Reserve Bank of India tightened banks’ foreign-exchange position limits, forcing lenders to cut dollar holdings and unwind arbitrage trades that had built up as the currency slid to a record low at the end of last week. The rupee rose as much as 1.4% in early trade and was quoted around 93.48 to 93.85 per US dollar, marking its sharpest one-day gain since February.
The immediate trigger was the RBI’s March 27 directive capping banks’ net open rupee positions in the onshore deliverable market at $100 million by the close of each business day from April 10. That replaced a looser framework under which banks’ boards could set limits up to 25% of total capital. Traders said the order prompted a burst of dollar selling as banks moved to reduce exposures that had become profitable while the rupee was weakening.
The rebound followed a bruising stretch for the currency. On Friday, the rupee hit a record low of about 94.84 to the dollar after heavy pressure from higher crude prices, risk aversion and foreign outflows. Reuters reported the rupee had fallen more than 4% in March, putting it on course for its worst monthly performance in more than seven years, while broader anxiety over the Middle East conflict and its implications for energy markets deepened concern over India’s import bill and external balance.
At the centre of the RBI’s move is the gap between the domestic market and the offshore non-deliverable forward, or NDF, market. Banks had been exploiting pricing differences between the two venues, building large arbitrage books that were profitable during the rupee’s slide. Estimates for those positions vary, but Reuters and other market reports put them broadly in the $25 billion to $50 billion range. By suddenly tightening the rules, the central bank appears to have targeted not only volatility in the spot market but also the speculative mechanics that were amplifying pressure on the currency.
That has given the rupee breathing room, but it has also shifted the strain onto banks. Lenders have warned that rapid compliance could force a disorderly unwinding of positions and crystallise losses in treasury books. Several banks have asked the RBI for three months to comply, arguing that a phased adjustment or permission to hold existing trades to maturity would reduce the risk of market disruption. Equity investors appeared to register that concern, with banking shares falling amid estimates that mark-to-market losses could run into thousands of crores if the unwind is abrupt.
The central bank’s intervention is being read in dealing rooms as one of its strongest attempts in years to reassert control over rupee pricing. Market participants said the RBI has already been active in local and offshore markets, using reserves and liquidity tools to keep the currency from sliding too quickly. The new cap adds a regulatory weapon to that defence. It also sends a signal that the central bank is prepared to curb trading strategies it sees as destabilising, even at the cost of squeezing bank profitability in the short term.
Whether the rupee can hold on to these gains will depend less on technical unwinding and more on the backdrop that pushed it down in the first place. Brent crude has climbed sharply, with Reuters reporting a move above $115 a barrel on Monday and a monthly gain of nearly 60%. For an economy that imports the bulk of its oil, that raises the risk of a wider current account deficit, imported inflation and renewed pressure on the currency. Bond yields also edged higher, indicating that traders remain alert to the wider macroeconomic fallout even as the rupee recovers ground.
Tottenham Hotspur have parted company with Igor Tudor after only 44 days and seven matches in charge, deepening a season that has already lurched through managerial upheaval, poor results and growing fear over the club’s Premier League status. The north London side confirmed on Sunday that Tudor had left by mutual consent, with goalkeeping coach Tomislav Rogic and physical coach Riccardo Ragnacci also departing. Tudor had been […]
India has cut special excise duties on petrol and diesel after a sharp rise in global crude prices, seeking to shield consumers from a broader inflation shock as the Iran war and disruption around the Strait of Hormuz continue to unsettle energy markets. A government order issued late on Thursday reduced the special excise duty on petrol to Rs 3 a litre from Rs 13, while the levy on diesel was removed entirely from Rs 10 a litre. At the same time, New Delhi imposed fresh windfall taxes on diesel and aviation turbine fuel exports to recover part of the revenue loss and manage the fiscal hit.
The move underlines the pressure facing policymakers as oil prices remain volatile and the rupee weakens, raising the cost of imports for one of the world’s biggest crude buyers. Brent crude climbed above $112 a barrel on Friday, extending a rally driven by doubts over any near-term ceasefire and persistent fears that supply disruptions in the Gulf could deepen. Traders and analysts have said the risk premium now reflects not only lost barrels but also the strategic importance of Hormuz, through which a large share of global oil and liquefied natural gas flows.
For India, the tax cut is as much about inflation management as political optics. Retail prices at state-run fuel retailers have been largely held steady even as global crude costs have climbed, forcing public-sector oil marketing companies to absorb losses on every litre sold. Reuters reported that those losses were running at about Rs 24 a litre on petrol and Rs 30 on diesel at the time of the duty cut, a burden that had begun to raise concerns about the financial strain on the country’s dominant fuel retailers. By lowering excise duties, the government creates room for those companies to keep pump prices stable without taking the full blow on their balance sheets.
That relief, however, comes with a cost. The excise reduction is expected to trim government revenue by roughly Rs 70 billion every fortnight, with the net impact estimated at about Rs 55 billion after accounting for the new export levies on diesel and jet fuel. Those numbers matter because New Delhi is already balancing slower growth risks, higher import costs and sensitivity in bond markets. India’s 10-year government bond yield rose as investors weighed the inflationary impact of oil and the possibility that fiscal targets may come under pressure if energy turbulence persists.
Currency markets have been sending a similar warning. The rupee slipped beyond 94 to the US dollar, marking a record low and capping its weakest fiscal-year performance in more than a decade. Higher oil prices have compounded external pressures by widening import costs and fuelling worries over inflation, while signs of reduced support from the Reserve Bank of India have added to volatility in both the currency and government debt markets. The combination of a softer rupee and expensive crude intensifies the urgency for measures that can prevent fuel inflation from feeding into transport, food and manufacturing costs.
The government has paired the tax changes with broader supply assurances. Officials have said retail fuel prices will remain stable and that supplies of fuel, fertiliser and coal are adequate. India has also increased the availability of liquefied petroleum gas for industrial use, an indication that authorities are trying to prevent energy stress from spilling into factories and power demand. That broader messaging is aimed at containing panic in a market already on edge over whether the Middle East conflict could trigger a more prolonged energy shock.
The burden of holding down prices has not been distributed evenly across the sector. State-run retailers, which control more than 90 per cent of the country’s fuel stations, have largely refrained from raising pump prices, while private players have begun adjusting. Nayara Energy, for example, increased gasoline and gasoil prices this week, citing the combined impact of a weaker rupee and surging global crude prices. The divergence highlights the structural challenge for the government: keeping inflation contained without unduly damaging the finances of state-backed refiners and marketers.
