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Enflame’s shares closed 179 per cent above their initial public offering price on the STAR Market, lifting the company’s market value to about 171 billion yuan from 61.2 billion yuan at the offer price. The Tencent-backed company raised 6.12 billion yuan by selling 43.04 million new shares at 142.18 yuan each.

The surge came despite Enflame having never reported an annual profit since its establishment in 2018. Its 2025 revenue reached 990.2 million yuan while its net loss narrowed to about 1.2 billion yuan. The company has forecast revenue of 2.3 billion yuan to 3 billion yuan for the first nine months of 2026, alongside a net loss of 700 million yuan to 860 million yuan.

Revenue has expanded quickly from 301 million yuan in 2023 and about 722 million yuan in 2024, but losses have remained substantial as the company spends heavily on research and product development. Enflame recorded net losses of about 1.67 billion yuan in 2023 and 1.51 billion yuan in 2024 before narrowing the deficit last year, underscoring how far commercial growth has run ahead of earnings for the company.

Enflame said in its prospectus that it expects to reach break-even or profitability in 2026 or 2027. It plans to direct much of the IPO proceeds towards development and industrialisation of fifth- and sixth-generation artificial-intelligence chips, software and large-scale computing systems.

The company’s rapid revaluation also highlights the unusual economics of China’s artificial-intelligence chip boom. Investors have rewarded several young semiconductor groups whose sales are expanding quickly but whose research spending remains heavy and earnings records are limited or negative.

Moore Threads Technology, another Shanghai-listed graphics processor developer, created several billionaires after its market debut in December 2025, when its shares rose more than fourfold. Founder and chairman Zhang Jianzhong, a former head of Nvidia’s China operations, was valued at several billion dollars after the listing, while co-founders Zhang Yubo and Wang Dong also crossed the billionaire threshold based on their holdings.

MetaX Integrated Circuits produced a similar outcome after its Shanghai flotation. Chairman and chief executive Chen Weiliang, who previously worked at Advanced Micro Devices, became a billionaire as investors pushed the company’s valuation sharply higher despite continuing operating losses. Early investor Ge Weidong also joined the billionaire ranks through his stake.

The valuations reflect expectations that domestic chipmakers will capture a larger share of China’s fast-growing demand for artificial-intelligence computing as access to the most advanced US-designed processors remains constrained. Domestic producers are competing to supply cloud companies, data centres and developers running large language models, recommendation engines and other computing-intensive services.

Enflame’s commercial position, however, remains unusually concentrated. Tencent is its largest shareholder, with a 17.95 per cent stake after the offering, and sales linked to the technology group accounted for 83.79 per cent of Enflame’s 2025 revenue. The concentration gives Enflame a major anchor customer but also leaves its growth closely tied to purchasing decisions by one group.

The company employed about 860 people as of September 2025, according to disclosures compiled from its listing materials. Founded by former AMD executives Zhao Lidong and Zhang Yalin, Enflame develops accelerator chips, add-on cards, computing systems and software for artificial-intelligence training and inference in data centres.

Only 17.9 million shares, equivalent to 4.16 per cent of Enflame’s enlarged share capital, were freely tradable at the start of trading, limiting the initial public float and potentially amplifying price swings. The retail portion of the offering attracted thousands of times more demand than the shares available.

The third rebuild of Ramco’s platform in thirty years, moving enterprise software from a system of record towards a system of intelligence and action

At the event, the company provided a preview of its upcoming AI-native enterprise platform, built to move enterprise software from a system of record to a system of intelligence, and ultimately a system of action. The first two shifts in Ramco’s platform changed how enterprise software was delivered; this one changes what the software is.

The new platform is designed to move away from software that people must log into and interpret, towards a system that surfaces what needs attention and drafts the resulting action for a human to approve. A walkthrough during the keynote showed how the platform would identify a projected stock shortfall across multiple warehouses and prepare the corresponding replenishment requests for approval.

Abinav Raja, Managing Director, Ramco Systems, said, “Nobody running a business today is short of information. They are short of the time to go and assemble it into something they can act on. What we are building is meant to do that assembly for them, and bring the next step with it, while leaving the judgement where it belongs.”

Payroll offers one example of what this looks like in practice: a monthly processing cycle gives way to continuous validation, with anomalies flagged as they arise rather than surfacing at the end of the period. The AI and Machine Learning technology carries out the processing while payroll teams retain the review and the sign-off.

Ramco has operated in Malaysia since 1996 and today processes payroll for more than 100,000 employees every month across more than 50 Malaysian organisations in over 15 industries. Kuala Lumpur serves as one of Ramco’s regional support hubs for HR and Global Payroll, with Singapore as its Asia headquarters.

Sandesh Bilagi, Chief Executive Officer, Ramco Systems, said, “We have spent thirty years in Malaysia solving problems our customers could not afford to get wrong. Some of the organisations we recognised today started with us decades ago. They have been part of our journey and been with us as our platform transformed and modernized over the years. Thirty years is not the achievement. Those relationships are.”

At the event, Ramco recognised its Malaysian clientele, including:

• Valiram Group, the Kuala Lumpur headquartered luxury retail specialist with more than 600 stores across Southeast Asia and Oceania, was Ramco’s first retail customer in the region. Ramco provided an integrated solution that could replace the disparate HRIS systems in each country, which were working in silos.
• Hitachi Energy used Ramco to build a unified payroll model spanning 20 countries and 8,000 employees. Ramco enabled Hitachi Energy to supplement and empower its retained payroll resources and amplify its expertise across countries.
• Aurecon, an Asia Pacific engineering consultancy, went live on Ramco Payce this year, replacing legacy payroll processes across seven Asian markets, including Malaysia, with a single consolidated service. The service covers gross and net pay calculations, retroactive pay and increments, and payslip generation, alongside country-specific statutory compliance. The shift improved payroll accuracy and timeliness and delivered cost efficiencies across payroll and other teams.

Ramco expects the domain knowledge and experience built over three decades in Malaysia to reinforce how the new platform reaches customers across the region.
Hashtag: #RamcoSystems

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Ramco Systems

Ramco Systems is a world-class enterprise software product/ platform provider disrupting the market with its multi-tenant cloud and mobile-based enterprise software, successfully driving innovation for over 30 years. Over the years, Ramco has maintained a consistent track record of serving 800+ customers globally with 2 million+ users, and delivering tangible business value in Global Payroll, Aviation, Aerospace & Defense, and ERP. Ramco’s key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform. On the innovation front, Ramco is leveraging cutting edge technologies around Artificial Intelligence, Machine Learning, RPA and Blockchain, amongst the others, to help organizations embrace digital transformation.

For more information, please visit https://www.ramco.com/

Follow Ramco on LinkedIn and stay tuned to https://www.ramco.com/blog

According to the Ministry of Manpower (MOM), entry-level professional, managerial, executive and technician (PMET) openings increased from 32,500 in December 2025 to 32,800 in March 2026, despite an overall decline in job vacancies. MOM also reported that around nine in 10 university graduates from the 2025 cohort found employment within 12 months of graduation, suggesting that fresh graduate employment has remained relatively resilient.

Financial services, professional services and technology remain active hiring sectors

Financial and Insurance Services, Professional Services, and Information and Communications were among sectors identified by MOM as experiencing active PMET hiring and wage growth. Together, these sectors recorded approximately 14,200 PMET vacancies as of September 2025, compared with 12,600 a year earlier, including roles suitable for fresh graduates.

Opportunities span finance, risk, compliance, accounting, consulting, software, systems and data functions. Increasing digitalisation also means these boundaries are becoming less distinct, with banks and professional services firms increasingly recruiting technology and data talent.

Information and communications continue to require digital capabilities

Singapore’s technology workforce reached 214,000 in 2024, according to the Infocomm Media Development Authority’s Singapore Digital Economy Report 2025, with AI and Data and Cybersecurity among the fastest-growing technology occupations. The latest MOM data also shows concrete entry-level demand. As at March 2026, Information and Communications recorded 200 vacancies for software developers, 130 for IT support technicians and 80 for computer engineers among its entry-level jobs with higher vacancy counts.

Technology graduates are therefore finding opportunities not only within technology companies but also across finance, manufacturing, professional services and other industries.

Financial and professional services are evolving with technology

Singapore’s financial sector continues to provide opportunities across banking, insurance, investment, risk and compliance. As at March 2026, MOM identified financial compliance officer or risk analyst, insurance sales agent or broker, and financial or investment adviser among the entry-level Financial and Insurance Services roles with higher vacancy counts, with 30 vacancies recorded for each occupation. Technology is also changing the nature of financial services, with institutions applying analytics, automation and AI across areas such as fraud detection, customer service and risk management.

Professional Services provides opportunities across both corporate and technical functions. MOM’s March 2026 data identified 100 vacancies for resident technical officers, 60 for auditors and 50 for IT support technicians among the sector’s entry-level jobs with higher vacancy counts. As AI increasingly assists with research, analysis and routine processes, graduates who combine professional knowledge with digital capabilities, communication and judgement may be better positioned for changing roles.

Healthcare and social services continue to offer graduate pathways

Health and Social Services continues to provide entry-level opportunities for graduates. As at March 2026, MOM identified 210 vacancies for social workers, 190 for registered nurses and other nursing professionals, and 80 for social work associates among the sector’s entry-level jobs with higher vacancy counts. These roles demonstrate that graduate demand extends beyond digital careers. Specialised professional knowledge and interpersonal skills remain important in sectors where human interaction and service delivery are central.

AI is changing entry-level roles rather than simply removing them

Generative AI has raised concerns among students and parents about its impact on graduate employment. MOM data presents a more nuanced picture. Among firms that had adopted AI, 6 per cent reported reducing headcount and 8 per cent lowering hiring activity, while 19 per cent redesigned roles and 14 per cent created AI-related jobs. The impact of AI has therefore been more visible in job redesign than broad-based hiring reductions. Fresh graduates may increasingly be expected to use AI tools, interpret data, assess AI-generated information and focus on areas requiring judgement, communication and problem-solving.

Skills-based hiring is changing how graduates compete

Employers are also looking increasingly beyond qualifications alone. MOM’s Job Vacancies 2025 report found that academic qualifications were not the main consideration for 79.6 per cent of vacancies.

This places greater emphasis on what graduates can demonstrate alongside their qualification, including internships, technical capabilities, communication, teamwork and analytical thinking. For students choosing a degree, employability is therefore not only about entering a growing industry but also about developing skills and experience that employers value.

SIM graduate outcomes reflect employment across diverse industries

Graduate employment data provides another way for students and parents to assess career outcomes. According to the Private Education Institution Graduate Employment Survey 2024/2025, 81.0 per cent of SIM fresh graduates surveyed secured employment, while 47.0 per cent were in full-time permanent employment. The median gross monthly salary was S$3,565. Across all private education institutions surveyed, 78.9 per cent of fresh graduates secured employment, with a median gross monthly salary of S$3,500.

SIM’s Graduate Employment Survey also shows graduates entering sectors including banking and financial services, ICT and cybersecurity, consulting and professional services, aviation and engineering, healthcare and social services, logistics and transportation, retail and manufacturing. Employment outcomes remain dependent on factors including programme choice, individual skills, work experience and labour-market conditions.

Parents can consider employability alongside programme fit

For parents supporting higher education decisions, current hiring trends provide useful context, but today’s strongest industry may not necessarily offer the greatest opportunities several years from now. A broader assessment can include a student’s interests and strengths, programme curriculum, awarding university, recognition, fees, career support and graduate employment outcomes.

The SIM Parent Resource Hub brings these considerations together, covering degree pathways, programme recognition, fees and financial support, student care and graduate employability. Its Graduate Outcomes & Employability resource provides information on SIM’s PEI Graduate Employment Survey results, industries and organisations where SIM graduates have worked, and career and internship support available to students.

These resources can help parents consider not only where jobs are available today, but how a higher education pathway can help their child develop relevant knowledge, experience and transferable capabilities.

Career resilience increasingly depends on transferable skills

Singapore’s labour-market data shows that opportunities for fresh graduates remain spread across multiple industries. Financial Services, Professional Services and Information and Communications continue to offer professional opportunities, while Healthcare and Social Services, also show meaningful entry-level demand.

For students entering higher education, career preparation may therefore be less about identifying one “future-proof” industry and more about developing disciplinary knowledge, practical experience and transferable skills that can remain valuable as employment needs change. Parents and students can refer to the SIM Parent Resource Hub, including its Graduate Outcomes & Employability resource, when evaluating degree pathways, employability, recognition, fees and student support.

References

1. Ministry of Manpower, Singapore. Fresh Graduate Employment – https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2026/0804-written-answer-to-pq-on-fresh-graduate-employment
2. Ministry of Manpower, Singapore. Trends in Job Vacancies – https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2026/0805-written-answer-to-pq-on-trends-in-job-vacancies
3. Ministry of Manpower, Singapore. Sectors with Active Hiring and Wage Growth – https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2026/0113-written-answer-to-pq-on-sectors-with-active-hiring-and-wage-growth
4. Ministry of Manpower, Singapore. Job Vacancies 2025 – https://www.mom.gov.sg/newsroom/press-releases/2026/0320-job-vacancies-report-2025
5. Manpower Research and Statistics Department, Ministry of Manpower. List of Entry-Level PMET Job Opportunities for Fresh Graduates – https://stats.mom.gov.sg/iMAS_PdfLibrary/List-of-top-entry-level-PMET-job-opportunities-for-fresh-graduates-Q1-2026.pdf
6. Infocomm Media Development Authority. Singapore Digital Economy Report 2025 – https://www.imda.gov.sg/resources/press-releases-factsheets-and-speeches/factsheets/2025/ar-sgde-2025
7. Singapore Institute of Management. Parent Resource Hub: Helping Your Child Choose the Right Degree Pathway – https://www.sim.edu.sg/degrees-diplomas/parent-resource-hub
8. Singapore Institute of Management. Graduate Outcomes & Employability – https://www.sim.edu.sg/degrees-diplomas/parent-resource-hub/graduate-outcome-employability

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

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About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 17,000 full- and part-time students and adult learners, of which approximately 41% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit www.sim.edu.sg

Lam admitted one count of participating in a racketeering conspiracy before US District Judge Colleen Kollar-Kotelly on Tuesday, September 8. Prosecutors said he organised a network that targeted cryptocurrency holders through social engineering scams, online intrusions and, on some occasions, break-ins at victims’ homes.

The US Attorney’s Office for the District of Columbia said the criminal enterprise operated from at least October 2023 until May 2025 and included participants based in California, Connecticut, New York, Florida and overseas. Lam, who also used several online aliases, identified targets and coordinated roles among members of the group.

One of the organisation’s largest thefts occurred in August 2024, when Lam and associates obtained more than 4,100 bitcoin from a victim in Washington. Court records say conspirators impersonated representatives of trusted companies, including Google and cryptocurrency exchange Gemini, and persuaded the victim to provide access information and authentication codes.

Those details allowed the group to gain control of the victim’s cryptocurrency holdings and transfer the bitcoin. Prosecutors have placed the value of that theft at more than $245 million for the purposes of the case, while earlier court filings valued the same 4,100 bitcoin at about $263 million at the time of the alleged transaction.

The broader racketeering case involves 18 defendants, with Lam becoming the 11th to plead guilty. Prosecutors described him as an organiser who played several roles in the enterprise and directed associates involved in obtaining credentials, moving stolen assets and laundering cryptocurrency through exchanges and other channels.

The plea marks a step in the prosecution of a network that authorities say grew out of contacts made through online gaming communities. Investigators allege members specialised in different parts of the operation, including identifying wealthy holders, impersonating corporate security staff, gaining account access and converting stolen cryptocurrency into cash or goods.

Federal authorities have pursued the case under the Racketeer Influenced and Corrupt Organizations Act, a statute more commonly associated with organised criminal enterprises. The charge allows prosecutors to treat coordinated fraud, laundering and related acts as part of one conspiracy rather than as isolated offences.

Court documents also describe occasional home invasions or break-ins used to obtain information from cryptocurrency holders. The Justice Department said the group combined those physical intrusions with deceptive calls and other social engineering methods designed to gain passwords, seed phrases, security codes and related information needed to access digital wallets.

The stolen proceeds financed extensive spending by members of the group. Authorities said the conspiracy paid for private jets, rental properties in Miami, Los Angeles and the Hamptons, luxury clothing, handbags, watches, private security and a fleet of exotic cars. Some vehicles were valued at as much as $3.8 million.

Nightclub spending was another major outlet for the proceeds. Court records cited services costing as much as $500,000 per evening, while Lam was linked to a $569,000 bill during one night at a Los Angeles club. Luxury watches purchased by members of the group were valued from about $100,000 to more than $500,000.

Lam was arrested in Miami after the August 2024 bitcoin theft. The guilty plea followed months of negotiations over whether he would accept an agreement or proceed to trial. Several alleged co-conspirators had indicated they were prepared to testify if the case went before a jury.

At the plea hearing, Lam acknowledged the prosecution’s account and entered his guilty plea to the RICO conspiracy charge. The offence carries a maximum prison term of 20 years, although the sentence will be determined later under federal law and sentencing guidelines.

Judge Kollar-Kotelly scheduled a status hearing for December 8, when the court is expected to address the next steps towards sentencing. Lam and other participants have also been ordered to repay more than $245 million in stolen funds to victims.

By K Raveendran India has spent the past four years demonstrating that energy security can sometimes be protected by refusing to choose sides. Russian crude offered discounts when Western sanctions rearranged the global oil market, Gulf producers remained indispensable despite the new relationship with Moscow, and purchases from the United States and other distant suppliers […]

The article India’s oil cushion faces two-front squeeze amidst Trump’s tariff threat appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Frost & Sullivan credited TP’s ability to move AI from experimentation into live operations, which Frost identified as one of the most urgent gaps in the industry. TP applies AI across the service delivery lifecycle to help teams become productive faster and improve service quality at scale. This starts with AI-enabled recruitment and onboarding, extends into simulation-based training that helps customer experts build proficiency before handling live interactions, and continues through workforce management and AI-assisted coaching. In quality assurance, TP now reviews every transaction rather than the small sample the industry has traditionally relied on, sharpening coaching precision, compliance visibility and operational learning.

“As AI becomes embedded into customer operations, enterprises need outcome-based models that orchestrate AI and human agents to improve productivity and deliver measurable business value,” said Dave Rizzo, President and CEO, APAC, TP. “TP designs workflows that use AI to elevate human work, while linking productivity gains to the business outcomes clients want to achieve. Being named Frost & Sullivan’s Asia-Pacific Company of the Year recognizes the progress we are making in delivering that transformation for clients across the region.”

Frost & Sullivan highlighted TP’s work with a major hospitality brand in Singapore as an example of this approach in practice. The engagement went beyond operational delivery to integrate technology across legacy and modern systems, while also implementing an AI-enabled knowledge platform that delivers trusted, context-aware answers to customer inquiries across multiple operational teams and lines of business. Together, these capabilities supported a broader redesign of the service infrastructure behind a high-touch, premium customer experience. Beyond individual client engagements, TP’s operations across Asia-Pacific play a dual role in TP’s strategy as both a delivery engine and a business development engine in a high-growth demand market. Frost & Sullivan noted that TP’s regional footprint enables it to respond to different language, regulatory, cultural, and operational requirements.

“The company’s centers of excellence in Asia-Pacific contribute to the development of solutions across AI, machine learning, natural language processing, analytics, and automation. This gives the region a role beyond labor delivery. It becomes a capability engine for global transformation,” said Krishna Baidya, Vice President, ICT Practice, Frost & Sullivan.

Frost & Sullivan also highlighted TP’s approach to reframing the traditional onshore-versus-offshore debate. Across Asia-Pacific, TP supports offshore, nearshore, onshore and hybrid delivery models, using technology and local market capabilities to balance cost efficiency, service quality, language requirements and regulatory needs. This flexibility allows TP to tailor delivery models to the realities of individual markets rather than relying on a single approach.

With operations in close to 100 countries and services spanning more than 170 markets, TP combines global scale with regional delivery depth, technology and human expertise. Across Asia-Pacific, this is translating into measurable outcomes, including an agentic triage use case that reduced referral-to-booking turnaround from approximately 24 hours to minutes while improving booking conversion. The recognition reflects how TP is evolving its digital business services for the next phase of AI-enabled transformation while keeping human oversight, empathy, judgment and relationships central to the service model.

Hashtag: #TP

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AboutTP in SINGAPORE

TP in Singapore is part of the TP Group, a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world’s biggest brands and their customers. The Group’s comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including high-value digital transformation services, collections and operations consulting. It also offers a range of specialized services such as interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group’s local presence allows it to be a force of good in supporting communities, clients, and the environment.

For more information: www.tp.com.

GUANGZHOU, CHINA – Media OutReach Newswire – 7 September 2026 – On September 7, Huawei officially unveiled the latest addition to its tri-fold lineup, the HUAWEI Mate XT 2 | ULTIMATE DESIGN. As the first smartphone to feature the LogicFolding Tau (τ) Chip, HUAWEI Mate XT 2 | ULTIMATE DESIGN marks the chip’s official entry into mass commercialization.

The phone debuts with a wing-like tri-fold design, continuously pushing the boundaries of ultimate aesthetics, craftsmanship, and innovation. It is the first device powered by the Kirin 9050 Pro chip and introduces several industry-first features and experiences, including the Xuanwu Ultra-Durable Tri-Fold Architecture, Smart Shield Privacy Screen, True-to-Color Camera 3.0, and the HarmonyOS 7 large-screen experience. As the pioneer of tri-fold phones, this new generation once again redefines the extraordinary.

The new HUAWEI Mate XT 2 | ULTIMATE DESIGN features a wing-like tri-fold design that opens from both sides, offering a more intuitive unfolding experience. The design philosophy draws on Chinese aesthetics, with a cloud pattern on the back panel created using Brocade Cloud craftsmanship. It is available in three colors: Purple, White, and Black. The camera ring inherits the iconic Star Diamond Glow design, crafted from Yttrium Crystal and fired at 1,800°C. Combining gemstone design and cutting techniques, it undergoes eight steps of fine polishing to form 33 star diamond facets, delivering a dazzling gemstone-like luster.

The device features the Xuanwu Ultra-Durable Tri-Fold Architecture, which re-engineers the hinge and screen technology for layered protection from the inside out. It is the first tri-fold phone to support IP58/59 dust and water resistance. The cover screen, made of Xuanwu Kunlun Glass, resists daily scratches and impacts with ease. It also features anti-glare technology, ensuring clear visibility even under direct sunlight. The main screen uses a multi-layer composite ultra-tough structure, including a large UTG glass layer, aerospace-grade ultra-thin high-strength steel, and a carbon fiber support layer, providing robust impact resistance. The Advanced Precision Hinge System 2.0 employs a 5 curved arm structure and a synchronized linkage mechanism for even force distribution and reliable pressure resistance.

Ultimate Performance: Kirin Chipset, a Leap in Power

The HUAWEI Mate XT 2 | ULTIMATE DESIGN is the first to feature the Kirin 9050 Pro chip, delivering a dual leap in performance and energy efficiency. Through deep collaboration between hardware, software, chips, and cloud, overall device performance is improved by 42% compared to the previous generation. The LinxiCore CPU, combined with the Ultra-smooth HUAWEI Ark Engine, enables faster loading of large files and superior performance when running multiple apps or multitasking. The Maleoon GPU features doubled computing units and cache, significantly enhancing rendering performance. In gaming scenarios, it supports 50 MRPS hardware-level real-time ray tracing, delivering a more immersive and realistic experience. The HUAWEI Da Vinci Architecture NPU brings a leap in on-device AI computing power, supporting large models of various sizes. For the first time in the industry, it natively supports the Pangu 30B-A2B MoE LLM, enabling smart experiences such as on-device AI album management with Celia.

The innovative heat dissipation architecture distributes heat sources across three frames, working with ultra-large vapor chambers and highly thermally conductive graphene materials to efficiently conduct heat across axes. Intelligent collaboration of multiple communication systems and 32 distributed antennas ensures faster 5A connectivity. It supports Tiantong satellite communication and Beidou satellite messaging, ensuring connectivity anywhere in the world. The Mobile Security Processor, combined with an independent security chip, enables post-quantum cryptography algorithm detection and has passed EAL5+ CCRC security certification, providing dual protection for personal data and assets.

Ultimate Technology: A Masterpiece of Innovation for Peace of Mind

The industry’s first foldable Smart Shield Privacy Screen is now available, marking the first time hardware-level privacy protection is achieved on a foldable device. It features an independent dual-pixel design, ensuring consistent screen resolution before and after activating Privacy mode, maintaining a clear front-facing view. With intelligent sensing capabilities, it provides smart reminders when entering airports or train stations. It also supports elegant activation of Privacy mode through methods such as double-tapping the cover screen or the Smart controls button.

The HUAWEI Mate XT 2 | ULTIMATE DESIGN is equipped with ECG analysis software and has obtained the NMPA Class II Medical Device Registration Certificate. Users can initiate an ECG measurement by holding the unfolded large screen with both hands. Celia intelligently interprets and analyzes the report, providing thoughtful care.

Ultimate Photography: True-to-Color Camera 3.0, Capturing Every Moment

The HUAWEI Mate XT 2 | ULTIMATE DESIGN undergoes a comprehensive upgrade from optical hardware to computing power. It is the first to feature the True-to-Color Camera 3.0, which effectively filters out infrared light interference, improving color reproduction by 95% compared to the previous generation. It also features an ultra-HDR main camera, ultra-wide aperture periscope telephoto camera, and Ultra-wide angle camera, delivering true-to-life colors, realistic portraits, and clear night shots, with excellent performance at both close and long distances. Video recording supports an ultra-high dynamic range of 18 EV, ensuring outstanding image quality in every frame.

XMAGE SmartCapture has been upgraded to intelligently recognize people, scenery, and food scenes, and supports AIGC real-time previews for clear composition and lighting recommendations. Its unique tri-fold form enables Desk-calendar mode shooting, making it easy to capture warm moments, whether for selfies or group photos.

Ultimate Experience: A Superior Large-Screen Experience

HUAWEI Mate XT 2 | ULTIMATE DESIGN is powered by the new HarmonyOS 7, redefining the large-screen interaction experience. The Live-Multitask capability supports three windows displayed in parallel, with adjustable window sizes and independent volume control. This large-screen experience covers core scenarios such as financial management, social entertainment, smart office, shopping comparison, and travel guides. Furthermore, it has been deeply adapted to leading industry apps, continuously driving innovation in the tri-fold large-screen ecosystem.

HUAWEI Mate XT 2 | ULTIMATE DESIGN starts at RMB 19,999 and will be available for purchase along with a stylus set, with official sales beginning at 10:08 on September 12^th.

Hashtag: #Huawei

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Deputy Prime Minister Ekniti Nitithanprapas outlined an investment-led blueprint anchored by an upgraded Joint Public Private Committee (JPCC), private-sector syndication, and World Bank alignment ahead of the 2026 Annual Meetings and 2028 ASEAN Chairmanship.

BANGKOK, THAILAND – Media OutReach Newswire – 7 September 2026 – Thailand is ready to cross into “new horizons” — achieving high-income status and driving a more resilient ASEAN, declared Deputy Prime Minister and Minister of Finance Dr. Ekniti Nitithanprapas as he delivered the closing address at the Bangkok Business Summit 2026 today,

Detailing the strategic “why, how, and design” of the national transition, Dr. Ekniti stated that entering new horizons is an unavoidable global imperative. While ASEAN is uniquely positioned to capture emerging opportunities, the region must guard against severe geopolitical, technological, and climate risks with proactive, unified action.

“The goals must be clear, and we are completely on the same page: Thailand must achieve high-income status,” said Dr. Ekniti.

“The recipe provided by the World Bank aligns directly with what our business leaders have outlined. An investment-led growth policy, private-sector-centred endeavours, and persistent implementation are what the government and business community are now executing together. Think of the seven new growth engines as our forwards on the pitch. The government acts as both coach and midfielder — spearheading investment, driving trade, empowering SMEs, unlocking regulatory friction, and cultivating human capital. Meanwhile, fiscal and financial stability serves as our steadfast defensive backline.”

Dr. Ekniti affirmed that the Joint Public and Private Committee (JPPC) will no longer function as a purely advisory body, but will operate as an executive economic steering council mandated to enact structural reforms and track execution against the World Bank’s recommendations.

“We will not be the same old Thailand. We will be driving the global agenda. Thailand will enter new horizons, empower people, and build resilience,” Dr. Ekniti emphasised. “In the next two years, Thailand will assume the Chairmanship of ASEAN. We will establish a long-term, multi-year agenda for a stronger, more resilient ASEAN. If this new model of public-private partnership carries on, we will decisively reinvent Thailand.”

Key leaders representing the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) delivered strategic sector priorities to anchor the transition.

Payong Srivanich, Chairman of the JSCCIB and the Thai Bankers’ Association, underscored that reinventing the economy requires modernising legacy industries while creating space for future engines.

“From three core challenges – structural, competitiveness, and public-sector efficiency – came the White Paper outlining the seven industries of the future,” stated Mr. Payong. “This time, the government has presented a credible policy framework based on collaborative public-private partnership. Thailand must address fundamental security—whether in food, energy, or low-carbon growth. We are declaring to the world that we are done with planning and on the same page. Now we are geared up for execution.”

Dr. Poj Aramwattananont, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, stressed that amid geopolitical friction, geoeconomics, and regional conflict, growth must be anchored in ASEAN’s 600-plus million people which serve as both supply and demand networks.

Adapting to international trading rules is inseparable from Thailand’s targeted accession to the OECD by 2028. The accession process acts as the structural catalyst to modernise domestic legislation, corporate governance, transparency, and fair market competition to premier global standards—lowering compliance costs and solidifying investor confidence.

Pimjai Leeissaranukul, Chairwoman of the Federation of Thai Industries, insisted that Thailand must build its own brand; it can no longer afford to be just the world’s OEM. She called for a decisive departure from labor-cost competition toward high productivity, automation, AI, and green sustainability. She advocated expanding target sectors—such as next-generation electric vehicles, smart electronics, automation, and wellness—while enforcing enhanced public procurement.

Carlos Felipe Jaramillo, Vice President for East Asia and Pacific at the World Bank, observed that the eyes of the financial world will be on Bangkok next month as it hosts the 2026 IMF–World Bank Group Annual Meetings, providing Thailand with a premier global stage to show that it is advancing on a credible pathway to attain high-income status by 2037.

“The World Bank has presented a series of structural reforms that Thailand can pursue to reach high-income status, creating more and better-paying jobs for young Thais in the future,” Mr. Jaramillo stated. “The plan deliberately puts the private sector at the center, because experience has taught us that the private sector is the primary engine of employment. This reform agenda is multifaceted, requiring coordinated national effort, and, more importantly, relentless persistence in implementation.”

The Bangkok Business Summit 2026 concluded with a clear consensus: today’s closing discussions mark the formal launch of sustained, institutionalised execution across the public sector, private enterprise, and multilateral institutions to ensure Thailand stands as a resilient economic anchor for the wider ASEAN region.

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