News related to
Middle East

Addressing Growing Complexity in Modern Engineering Validation

As industries adopt emerging technologies such as wide bandgap power devices and high-speed digital interfaces, engineering teams are facing increasingly complex validation, debugging, and compliance challenges. Signal integrity, power integrity, and measurement accuracy have also become more critical across modern product development environments, particularly as systems operate at higher speeds and tighter tolerances.

Despite wider access to advanced test equipment, many teams may still rely on legacy measurement approaches or have limited exposure to newer testing methodologies and tools. At the same time, accurately interpreting measurement results and identifying root causes continue to require strong application knowledge and practical measurement experience.

Hashtag: #Genetron

https://genetroncorp.com/

The issuer is solely responsible for the content of this announcement.

About Genetron Corp

Genetron Corp is a Singapore-based provider of test and measurement solutions supporting engineers, researchers, and innovators across Asia. The company offers a range of equipment and application-focused solutions, including oscilloscopes, protocol analysers, and power analysis systems designed for precision, reliability, and integration into complex development environments. In addition to supplying equipment, Genetron provides technical consultations, application expertise, and practical engineering education initiatives for comprehensive post-sales support.

Held under the theme “Run · Build · Protect: Driving the Future with the Power of AI,” the forum showcased how enterprises across Asia Pacific are rethinking traditional infrastructure strategies and adopting integrated cloud platforms designed to simplify operations, strengthen security, and support long-term AI-driven growth.

A major focus throughout the event was the growing market demand for VMware alternatives following industry-wide changes to licensing and infrastructure costs. Sessions explored how organizations are seeking more flexible, cost-efficient virtualization platforms that can support both traditional enterprise workloads and future AI-driven operations. Discussions also highlighted SCMT (Sangfor Cloud Management Tool), designed to support seamless VMware migration to Sangfor Cloud.

During the forum, Sangfor showcased its integrated cloud infrastructure platform, combining compute, storage, networking, organization , and built-in cybersecurity into a unified architecture designed to reduce operational complexity and simplify migration from legacy virtualization environments.

The event also highlighted Sangfor’s AI-ready infrastructure capabilities, including support for virtual machines, containers, AI workloads, and integrated storage management through a single platform.

Keith Lee, Cloud Business Director, Sangfor Technologies, said: “Across the region, organizations are reassessing legacy virtualization strategies and looking for platforms that can provide greater flexibility, operational simplicity, and long-term scalability. Businesses today need infrastructure that combines cloud, security, AI readiness, operational efficiency and friendly licensing policies within a single platform. This is driving growing interest in next-generation VMware alternatives that can support both current enterprise requirements and future AI-driven growth.”

Lee added that Sangfor continues to expand investment across Southeast Asia, with Thailand identified as one of the company’s fastest-growing markets in the region.

The forum also featured discussions around infrastructure resilience, cloud-native applications, Zero Trust security strategies, and AI-powered operations, alongside customer case studies and live demonstrations showcasing enterprise transformation initiatives across both public and private sectors.

Sarayut Siragulthiraphong, Presales Consultant, Sangfor Thailand, added: “Successful AI adoption requires more than just AI applications themselves. Organizations also need infrastructure that is secure, scalable, and capable of supporting evolving workloads.”

Sangfor was joined by partners including Cohesity, Veeam, Sundray, IT Green, VR Comm, VST ECS, and TechHub, highlighting a collaborative ecosystem supporting enterprise transformation across Asia Pacific.

Sangfor will continue the Executive Forum series across key markets in the region, with upcoming events planned:

• 5/6/2026 Turkey (Istanbul)
• 5/7/2026 Thailand
• 5/10/2026 Saudi Arabia (Jeddah)
• 5/14/2026 Turkey (Ankara)
• 5/12-15/2026 Middle East & Africa (Shenzhen)
• 5/17/2026 Saudi Arabia (Riyadh)
• 5/21/2026 Malaysia
• 6/3/2026 Philippines
• 6/5/2026 Vietnam
• 6/9/2026 Europe (Italy)
• 6/11/2026 Indonesia
• 6/24/2026 Hong Kong

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

Hashtag: #SangforTechnologies

The issuer is solely responsible for the content of this announcement.

ABOUT SANGFOR TECHNOLOGIES

Sangfor Technologies is a global provider of cloud infrastructure and cybersecurity solutions, headquartered in Shenzhen (China). Founded in 2000, the company serves over 100,000 customers worldwide across 22+ countries and regions. Sangfor delivers AI-enabled cloud infrastructure that integrates compute, storage, network and built-in security into a unified platform, helping organizations simplify digital and AI transformation.

With a strong focus on innovation and customer success, Sangfor is also recognized as a proven VMware alternative, offering enterprise-grade solutions for infrastructure modernization, migration, and operational efficiency.

For more information, visit https://www.sangfor.com

The sharpest pressure has fallen on long-dated Japanese government bonds, where the 30-year yield has climbed above 4 per cent, reaching a record since the maturity was introduced in 1999. The 10-year yield has also risen to around 2.8 per cent, its highest level in nearly three decades, marking a decisive break from the low-yield era that defined Japan’s markets for much of the post-deflation period.

The selloff has rippled across global debt markets. US Treasury yields have moved higher, with the 30-year yield testing levels above 5 per cent, while Germany’s benchmark bonds and UK gilts have also weakened. Bond prices move inversely to yields, meaning the surge in yields reflects heavy selling by investors who are demanding greater compensation for inflation, fiscal risk and uncertain central bank policy.

Rising oil prices are the immediate catalyst. Brent crude has moved above $100 a barrel as geopolitical tensions in the Middle East disrupt energy flows and heighten concerns over import costs for major economies. For Japan, which relies heavily on imported energy, the oil shock carries a particularly direct inflationary threat. A weaker yen has amplified the impact, increasing the local-currency cost of fuel, food and other imported goods.

Japan’s inflation backdrop has become more difficult for policymakers. Consumer prices have remained above the Bank of Japan’s 2 per cent target for an extended period, while corporate goods prices have shown persistent pressure from energy, raw materials and logistics costs. Investors are now pricing in a greater chance that the central bank will raise interest rates again, possibly as early as its next policy meetings, after years of extraordinary accommodation.

Fiscal concerns are adding to the strain. Tokyo is preparing additional spending to cushion households and businesses from rising fuel and utility costs, but fresh borrowing could worsen concerns over debt sustainability. Japan’s public debt is already among the highest in the developed world, making long-term bond investors more sensitive to any increase in issuance. The prospect of larger supply has hit demand for longer maturities, where insurers, pension funds and banks traditionally played a stabilising role.

The Bank of Japan faces a delicate balance. Raising rates too quickly could unsettle growth and worsen losses in bond portfolios held by financial institutions. Moving too slowly could allow inflation expectations to become entrenched and place further pressure on the yen. The central bank has already scaled back its dominance of the bond market compared with the period of yield-curve control, leaving prices more exposed to market forces.

Global investors are also reassessing the role of government bonds as a safe asset. During earlier market shocks, US Treasuries, German Bunds and Japanese government bonds often rallied as investors sought protection. The current episode is different because the shock is inflationary rather than deflationary. Higher energy prices reduce household purchasing power, raise business costs and complicate the task of central banks that had hoped to cut rates or keep policy steady.

The selloff has implications beyond financial markets. Higher sovereign yields raise funding costs for governments already facing pressure from defence spending, ageing populations, energy subsidies and climate-related investment. They also affect mortgage rates, corporate borrowing and equity valuations. Technology shares and other growth-sensitive assets tend to come under pressure when long-term yields climb, because future earnings are discounted more heavily.

Japan’s shift is especially important because its low yields long encouraged domestic investors to buy overseas bonds. As yields rise at home, insurers and pension funds have less incentive to take currency risk abroad, potentially reducing demand for US and European debt. That repatriation effect could intensify volatility in global markets if Japanese institutions continue to rebalance portfolios.

The measure, effective from 16 May for three months, applies to selected motor vehicles including passenger cars, jeeps, vans, buses, goods transport vehicles, ambulances, electric vehicles and hybrids. Vehicles for which letters of credit were opened on or before 15 May are exempt, limiting the immediate disruption for importers who had already committed payments before the order took effect.

The surcharge is levied on the applicable customs import duty, rather than directly on the total value of a vehicle. For many private vehicles, the customs import duty had stood at 30 per cent, meaning the added surcharge raises that component to 45 per cent. Other taxes and levies, including excise duties, value-added tax and sector-specific charges, mean the final tax burden on imported cars can be far higher than the headline customs duty figure.

Deputy Finance Minister Anil Jayantha Fernando said the step was designed to encourage buyers to delay vehicle imports rather than halt the trade outright. He said the government was responding to a sharp rise in import expenditure and added pressure on foreign reserves. “Given the current pressure on foreign exchange, we want people to delay their imports by three months,” he told reporters in Colombo.

The decision marks a swift policy adjustment by President Anura Kumara Dissanayake’s administration as Sri Lanka attempts to balance consumer demand, revenue needs and currency stability after years of severe economic strain. Vehicle imports were heavily restricted after the island’s 2022 financial collapse, when the country ran short of foreign exchange and struggled to pay for fuel, food and medicines. The gradual reopening of imports was seen as a sign of economic normalisation, but it has also revived concerns about the pressure placed on the balance of payments.

Sri Lanka remains dependent on imported fuel, leaving the economy exposed to swings in global crude prices. Tensions across the Middle East have pushed energy costs higher, forcing authorities to reassess import priorities. Fuel prices have already climbed sharply this year, adding to the cost of transport, electricity generation and logistics. The government is trying to prevent higher oil bills from draining reserves at a time when the country remains under a $2.9 billion International Monetary Fund programme.

The rupee has weakened against the US dollar this year, with official figures showing a fall of about 4.5 per cent since January. Central Bank Governor Nandalal Weerasinghe has warned lawmakers that the currency could remain under pressure unless global oil prices ease or the country reduces energy imports. That warning sharpened the policy case for curbing non-essential import demand, particularly in high-value categories such as vehicles.

Vehicle importers and consumers are likely to face a tougher market over the next quarter. The surcharge may delay purchases, reduce showroom availability and raise prices for buyers who choose to proceed. Importers with confirmed letters of credit before the cut-off date may have a temporary advantage, while new buyers could defer orders until the surcharge expires, provided the government does not extend it.

The policy also carries revenue implications. Vehicle imports are a lucrative source of tax income, and Sri Lanka has relied on trade-related levies to support public finances during its recovery. A surcharge may increase tax collected on each imported vehicle, but lower import volumes could offset that gain if buyers hold back. The government’s calculation appears to prioritise currency defence and reserve management over short-term market expansion.

The Korea Composite Stock Price Index touched 8,001.40 in early trade at about 9.15am, extending a rally that has accelerated since early May as investors crowded into semiconductor, memory-chip and data-centre supply chain stocks. The move marked another symbolic milestone for a market that only passed 7,000 seven trading sessions earlier, reflecting the speed with which capital has moved into companies expected to benefit from the AI infrastructure boom.

Traders at Hana Bank’s dealing room in Seoul marked the 8,000-point breakthrough with a ceremony, underscoring the psychological importance of the level for domestic investors. Yet the celebration was tempered by sharp volatility later in the session, as profit-taking and foreign selling hit several of the same technology and auto counters that had led the advance.

Samsung Electronics and SK Hynix remain at the centre of the rally. The two chipmakers have benefited from global demand for high-bandwidth memory, advanced storage and server components used in artificial intelligence training and inference. SK Hynix has strengthened its position in high-bandwidth memory supplied to leading AI chip platforms, while Samsung has drawn renewed investor attention as it pushes to close the gap in next-generation memory products and expand foundry capacity.

The broader appeal of South Korean equities has also been reinforced by expectations that the country’s corporate governance reforms will improve shareholder returns. Measures aimed at narrowing the long-standing valuation discount on local shares, including stronger pressure for dividends, buybacks and more transparent capital allocation, have encouraged investors to look beyond chipmakers into financials, industrials and holding companies.

Market participants said the scale of the advance has created a difficult balance for policymakers and investors. Strong earnings momentum and the AI investment cycle provide support for valuations, but the pace of gains has left the Kospi vulnerable to sudden reversals whenever global technology sentiment weakens. Concerns over crowded positioning, high expectations for AI-related revenue and the concentration of gains in a small group of heavyweight stocks have grown more visible as the index moved through successive records.

The Kospi’s rise has unfolded against a favourable global backdrop. Wall Street’s major indices advanced overnight, led by technology shares, while investor confidence was helped by signs of diplomatic engagement between Washington and Beijing. South Korea’s export-driven economy remains closely tied to global electronics demand, making its equity market highly sensitive to sentiment around chips, cloud computing, smartphones and consumer electronics.

Foreign flows have played a decisive role. Overseas investors have treated Seoul as a liquid way to gain exposure to AI infrastructure without relying solely on US-listed software and chip-design companies. That has lifted trading volumes and strengthened the won at times, although the currency remains exposed to shifts in US interest-rate expectations and geopolitical risks in the Middle East.

Domestic retail investors have also returned to the market in force. The rapid climb has revived comparisons with earlier speculative cycles, but the current rally is more closely tied to corporate earnings upgrades in semiconductors and technology hardware. Brokerages have raised target prices for key chip stocks, citing memory pricing, AI server demand and stronger capital expenditure by global technology companies.

Still, risks are building. A sharp fall after the 8,000-point breach showed how quickly sentiment can turn when valuations look stretched. Heavy foreign selling, particularly in technology and auto shares, pointed to caution after months of gains. Analysts have warned that any slowdown in AI spending, weaker guidance from major US technology firms or delays in high-bandwidth memory certification could trigger further volatility.

When AI Meets Artistic Intelligence — Cross-City, Cross-Disciplinary Creative Education in Action

HONG KONG SAR – Media OutReach Newswire – 15 May 2026 – As artificial intelligence (AI) sweeps across the globe, how should humanity redefine the core competencies needed to shape the future? Funded by The Hong Kong Jockey Club Charities Trust and organised by AFTEC, Knowledge Exchange 2026—Artistic Intelligence: Shaping Human Achievement opens today for two days at Hong Kong’s newest cultural landmark—the East Kowloon Cultural Centre—marking the venue’s first major international arts education event. As a flagship annual initiative of the AFTEC Jockey Club Creative Futures Project, the forum has attracted nearly 260 educators, artists and stakeholders to explore how creative teaching and learning can inspire learning, spark creativity and nurture talent, laying the foundation for a better future.

Bringing Together Education and Cultural Leaders to Build a Cross-Disciplinary Creative Network

The opening ceremony was officiated by Ms Winnie Yip, Head of Charities (Culture & Sports Cluster; Community Engagement), The Hong Kong Jockey Club.

In her opening speech, Ms Winnie Yip, Head of Charities (Culture & Sports Cluster; Community Engagement), The Hong Kong Jockey Club, said: “The Club has been supporting the AFTEC Jockey Club Creative Futures Project since 2021. The results have been truly encouraging. The programme has strengthened participating students’ understanding of and care for others, while deepening their interest in arts and interdisciplinary learning. With the second phase now underway, we look forward to further supporting the growth and transformation of students and teachers.”

The opening ceremony also featured Prelude in Light, Sound & Video, a multimedia work created by students of the School of Theatre and Entertainment Arts at The Hong Kong Academy for Performing Arts (HKAPA), setting the stage for the forum and showcasing the creative potential of the younger generation.

Ms Lynn Yau, Chief Executive Officer of AFTEC and Project Director of the AFTEC Jockey Club Creative Futures Project, said: “In an era dominated by artificial intelligence, we need to redefine the unique value of humanity more than ever. AFTEC has always been committed to training teachers and creative practitioners, nurturing the ‘5Cs’ core competencies—Creativity, Critical Thinking, Communication, Collaboration, and Contribution—through systematic teaching strategies. By integrating creative learning into school curricula, we nurture a new generation equipped with resilience and problem-solving skills, while actively building a cross-disciplinary learning network. We are deeply grateful for the vision and support of The Hong Kong Jockey Club Charities Trust and the participation of our partners from various sectors, allowing us to collaboratively shape human achievement through Artistic Intelligence and mould the future with creativity.”

Redefining AI — Nurturing Irreplaceable “first-class humans”

The highlight of the forum’s first day was the first cross-city dialogue, a keynote entitled Creative Cities, Creative Mindsets: Bath, Hong Kong, New Delhi. Ms Kate Cross MBE, Director of The Egg at Theatre Royal Bath, United Kingdom; Ms Jigyasa Labroo, CEO and Co-founder of Slam Out Loud, New Delhi, India; Professor Anna CY Chan, Director of The Hong Kong Academy for Performing Arts; and Ms Lynn Yau, Chief Executive Officer of AFTEC, delivered the keynote together. The four creative visionaries highlighted that Artistic Intelligence is an indispensable competency for humanity in the age of AI, and shared how global frameworks can be adapted to local practice across the three cities’ distinctive educational and cultural ecosystems to cultivate young people’s imagination, empathy and meaning-making — core competencies for navigating an ever-changing future.

Ms Kate Cross introduced the School Without Walls programme, a groundbreaking initiative that immerses students in cultural venues for seven weeks, significantly enhancing their writing, emotional expression, and self-directed learning abilities. Ms Jigyasa Labroo shared Slam Out Loud’s work, which, through over 100 hours of arts-based social-emotional learning (SEL) curriculum, has successfully boosted the confidence, curiosity, and emotional regulation of 700,000 children across two Indian states. Professor Anna CY Chan, from the macro perspective of higher education and talent cultivation, emphasised the bridging role of Artistic Intelligence between professional arts training and primary/secondary creative education. Ms Lynn Yau showcased how the AFTEC Jockey Club Creative Futures Project transforms artists into “Teaching Artists,” shifting schools’ vision from “Arts Provisioned” towards being “Arts Empowered,” enabling Hong Kong students to demonstrate stronger vitality in cross-disciplinary learning.

The session also featured internationally acclaimed arts educator Professor Anne Bamford OBE, FCGI, Director of the International Research Agency; Professor Anne Mette Hjort, Director of The Research Centre for Creative Arts and Public Value, The Education University of Hong Kong; Mr Victor Kwok, Deputy Research Director of Our Hong Kong Foundation and Committee Member of the All-China Youth Federation; and Ms Heidi Lee, Executive Director of Hong Kong Ballet, as respondents. They offered diverse perspectives from policy research, cultural promotion and professional development, exploring how the arts and creativity can nurture outstanding talent of the future through structured and sustainable educational approaches in Hong Kong.

Collaborative Workshops—From Theory to Practice

The forum also featured collaborative workshops, where participants experienced first-hand how educational visions can be translated into practical teaching plans in an interactive setting.

In today’s (15 May) sessions, Creative Classroom LIVE!, led by teaching teams from Tin Shui Wai Methodist Primary School and Tuen Mun Government Primary School, brought authentic teaching plans to life in the theatre, allowing participants to experience the transformative power of creativity in local schools’ setting. Professor Anne Bamford OBE, FCGI, Director of the International Research Agency, facilitated the session The How Factor Lab: Designing Arts-rich Learning that Lasts?, discussing how the arts can be incorporated into education through sustainable policy and teaching strategies to establish a long-term and stable creative ecosystem in schools and communities.

Day Two Highlights — The Many Dimensions of Artistic Intelligence

On the second day of the forum (16 May), discussions will build upon the first day’s highlights and continue to delve deeper into the theme of Artistic Intelligence. In the keynote The Real AI: Artistic Intelligence and the Future of Human Potential, Professor Anne Bamford OBE, FCGI, Director of the International Research Agency, will discuss how the integrated development of personal cognitive, creative, social and digital capabilities can unlock human potential and shape a new generation equipped with innovation and adaptability, calling on education systems, cultural institutions and communities to collaborate in ensuring that young people maintain their unique edge in the age of AI.

Two collaborative workshops will also take place. School Without Walls: Changing Sites of Learning, led by Ms Kate Cross MBE, Director of The Egg at Theatre Royal Bath, United Kingdom, will demonstrate how learning spaces can be extended beyond school campuses to curate meaningful and personalised arts education experiences through the School Without Walls programme. What if We All Had a Voice? The Possibilities of the Arts in Social-Emotional Learning, led by Ms Jigyasa Labroo, CEO and Co-founder of Slam Out Loud, New Delhi, India, will share how locally rooted curriculum resources that address social issues can be developed to empower children to use creativity to tackle life and societal challenges and to weave their dreams.

Mutual Growth—Frontline Teachers and Artists Share Their Journeys and Learning

The forum also invited schools and creative practitioners from the AFTEC Jockey Club Creative Futures Project to share their practical experiences. In the panel discussion From Traditional to Creative Teaching, Vice Principal Kiley Tse of Ho Lap Primary School (Sponsored by Sik Sik Yuen), Ms Katherine Ip of Hong Kong and Macau Lutheran Church Primary School, and Ms Jourdan Wong of Cheung Sha Wan Catholic Primary School will share insights and explore the far-reaching impact of creative teaching and learning on teachers’ personal growth, students, the learning environment, and the overall creative learning culture of schools.

Another panel discussion, From Introspective Artists to Communicative Teaching Artists, features creative practitioners Ms Grace Cheng; Mr Reds Cheung of Laichankee; Ms Cally Yip of Passoverdance; and Ms Priscilla Lai, Lead Creative Practitioner of the AFTEC Jockey Club Creative Futures Project. Their sharing proves that the Project’s collaborative model not only benefits schools—teachers’ and creative practitioners’ artistic practices are also nourished through the teaching process, fostering mutual growth and grooming the community of practice of teaching artists in Hong Kong.

Creative Learning Arts Awards — Celebrating Local Education Transformation

To showcase the Project’s impact over the years, the forum will host the Creative Learning Arts Awards ceremony, recognising outstanding schools, teachers and creative practitioners, and celebrating the remarkable progress of the local education community in advancing creative thinking and whole-person development.

For more information, please visit:

AFTEC Jockey Club Creative Futures Project: https://creativefutures.aftec.hk/home-en/

Knowledge Exchange 2026—Artistic Intelligence: Shaping Human Achievement: https://creativefutures.aftec.hk/knowledge-exchange/ke2026/

Hashtag: #AFTEC

The issuer is solely responsible for the content of this announcement.

About AFTEC Jockey Club Creative Futures Project

Funded by The Hong Kong Jockey Club Charities Trust, the AFTEC Jockey Club Creative Futures Project is a multi-level creative learning scheme designed to provide a much-needed system-led approach to creative thinking in educational institutions from tertiary to primary.

Based on a successful pilot (2021 – 2024), the key focus in this expanded version is in training teachers and creative practitioners.

With practical strategies for professionals to teach across the curriculum based on the 5C’s—Creativity, Critical Thinking, Communication, Collaboration, and Contribution— creative practitioners join teachers for in-school classes to co-design and co-create lesson plans for use in classroom throughout the year.

About AFTEC

Advancing creative learning and arts education in Hong Kong

Creativity allows us to recognise potential within ourselves and the world around us. It promotes problem-solving, nurtures relationships, cultivates resilience, and can transform lives in countless ways. At AFTEC, we work with students, educators, and creative practitioners to plant the seeds of creativity in our community.

As a proudly homegrown Hong Kong organisation, we nurture the city’s greatest natural resource — its people. Through co-designed, collaborative, and inclusive bilingual education programmes, we create supportive environments where young minds are free to explore, express, and flourish. We spark imagination, build confidence, and foster a sense of growth and belonging together.

Website: www.aftec.hk

Under the MOUs, international partners are expected to establish EV service workshops that meet VinFast’s global standards in their respective markets. VinFast will ensure uniform, high-quality service through globally-standardized technician training and certification programs, consistent operating procedures and quality control systems, as well as a parts supply network targeting delivery of common spare parts within 24 hours in key markets.

The new agreements are part of VinFast’s long-term strategy to develop a comprehensive EV ecosystem aligned with its international standards, covering aftersales services, charging infrastructure, and customer support. This expansion is expected to further accelerate the transition to electric mobility while ensuring VinFast customers receive support throughout the entire product lifecycle.

VinFast’s international strategy is built on the operational foundation and aftersales capabilities it has already proven in Vietnam. By the end of 2025, VinFast had developed nearly 400 service workshops nationwide, bringing its total global network to nearly 800 facilities.

Building on this foundation, VinFast aims to expand to more than 1,100 service workshops globally in 2026, spanning North America, Europe, the Middle East, and Asia. The network will be deployed through multiple models, including dealerships serving retail customers, fleet and transportation business clients, and third-party local service workshop partners.

At the same time, VinFast is implementing a range of customer support policies, including repair time commitments in Vietnam, replacement vehicle support in international markets, as well as battery inspection, software updates, and technical support throughout the ownership experience.

As part of the conference, international partners also visited VinFast’s manufacturing complex and the broader Vingroup ecosystem to gain deeper insights into VinFast’s production capabilities, operational scale, and global growth strategy.

Mr. Bui Viet Hung, Deputy CEO of Global Aftersales of VinFast, said: “Our goal is not simply to expand the network, but to build a customer-centric aftersales ecosystem that delivers an outstanding experience on a global scale. Through partnerships with experienced local operators and the application of VinFast’s global standards, we aim to provide aftersales services that are exceptional, responsive, and reliable. We also aspire to bring Vietnam’s five-star service culture and spirit of dedication to the world, creating a unique experience for international customers. That is VinFast’s long-term commitment to the transition to electric mobility.”

In addition to expanding its aftersales operations, VinFast continues to develop an integrated EV ecosystem that includes products, services, and charging infrastructure through partnerships with strategic partners such as V-Green and local charging infrastructure operators. Through this partner network, VinFast aims to develop a system of more than 1.5 million charging ports globally, helping expand access to charging infrastructure and deliver a seamless, convenient EV ownership experience for customers in international markets.

Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle manufacturer with the mission of making electric mobility more accessible to everyone. VinFast’s current product portfolio includes a wide range of electric SUVs, electric motorcycles, electric bicycles, and electric buses.

VinFast is entering its next phase of growth by rapidly expanding its global distribution and dealer network while strengthening manufacturing capabilities, with a focus on key markets in North America, Europe, the Middle East, and Asia.

Learn more at: https://vinfastauto.com

The Singapore flag carrier reported net profit of S$1.18 billion for the year ended March 31, down 57.4 per cent from the previous year. Operating profit, by contrast, rose 39 per cent to S$2.38 billion, helped by robust passenger demand, higher yields and stronger traffic across Singapore Airlines and Scoot. Group revenue reached a record S$20.52 billion, up 5 per cent, while the two carriers carried 42.4 million passengers, a 7.7 per cent increase from the year before.

The headline profit decline was driven largely by two accounting and investment factors. Singapore Airlines no longer benefited from the S$1.1 billion non-cash gain recognised after the completion of the Air India-Vistara merger in November 2024. At the same time, its share of associated-company results swung into a large loss as it accounted for a full year of Air India’s losses rather than only four months in the previous reporting period.

Air India recorded a US$2.8 billion loss for FY2025/26, its largest since Tata Group took control of the carrier in 2022. Singapore Airlines owns 25.1 per cent of the Air India Group after Vistara, its former joint venture with Tata Sons, was merged into Air India. The investment remains central to SIA’s wider multi-hub strategy, giving the carrier exposure to one of the world’s fastest-growing aviation markets.

The losses underline the scale of Air India’s turnaround challenge. The airline is renewing its fleet, refurbishing aircraft interiors, upgrading service standards and trying to rebuild operational reliability after years of under-investment. Those efforts are being tested by supply-chain constraints, limited aircraft availability, airspace restrictions, constraints on services to key Middle East markets and elevated fuel prices.

The Iran war has added another layer of pressure for long-haul operators. The closure of the Strait of Hormuz after the outbreak of the US-Israel war on Iran in late February pushed jet-fuel prices higher and widened the gap between aviation fuel and crude oil costs. Singapore Airlines said the impact was only partly reflected in March because fuel bills are priced with a lag, with the full effect expected to feed through in FY2026/27.

Higher fuel prices are particularly damaging for airlines because fuel is the sector’s largest variable cost and is difficult to offset quickly. SIA and Scoot have raised fares across their networks, but those increases do not fully cover the higher price of jet fuel. The group’s fuel hedging provided some protection during the year, while average full-year fuel prices were lower than the previous year, but the cost outlook has become more demanding.

Airspace restrictions have also reshaped competitive dynamics on routes linking South Asia, Europe and North America. Air India has been exposed because its network relies heavily on long-haul flights that are sensitive to rerouting, longer flying times and crew-scheduling limits. Foreign carriers including Lufthansa Group, Cathay Pacific, KLM and Swiss have gained room to expand India-linked international services as Air India manages disruption and cost pressure.

For Singapore Airlines, the underlying operating figures still show resilience. Passenger load factor rose to 87.7 per cent, with traffic growth of 4.7 per cent outpacing capacity expansion of 3.4 per cent. Passenger yields rose 1 per cent, while cargo revenue declined 2.1 per cent to S$2.17 billion as weaker yields offset higher loads.