Launched market-first Door-to-Door Luggage Repair Service for Travel Insurance customers
HONG KONG SAR – Media OutReach Newswire – 28 July 2026 – MSIG Insurance (Hong Kong) Limited (“MSIG”) today published its 2025 Claims Report, highlighting a fifth consecutive annual rise in its claims settlement ratio since 2020, strong performance across key classes, and new customer-focused travel innovations.
In 2025, MSIG honoured HK$359 million in claims in Hong Kong and Macau and achieved a 94.7% claims settlement ratio, up from 91.1% in 2020, reflecting the insurer’s sustained commitment to extraordinary claims service and role as a trusted partner. Employees’ Compensation Hong Kong recorded a 99.87% settlement ratio, followed closely by Helper (97.57%) and Travel (96.27%).
This year’s report shows significant progress in its customer-first approach – with an over 11% year-on-year increase in compliments received from customers, as well as 100% of the insurer’s 2025 Google reviewsbeing 5-star rated.
Philip Kent, Chief Executive Officer of MSIG Hong Kong, said: “In a year of rapid change, our teams have stayed close to our customers and continued to put forward products and services that have truly helped when it mattered most. That’s what a customer-first mindset is all about and the results are clear from this year’s claims report. From innovative travel protection to extraordinary claims servicing, we continue to invest in bringing unique-to-market product features to our customers as their trusted partner, and are fully committed to further enhancing our service experience to deliver the assurance they need at every stage of their life journey.”
MSIG’s innovations in Travel Insurance also earned notable industry recognition in 2025 and 2026, reinforcing the strength of the offerings and the value they are delivering to customers:
Won the Travel Insurance category at the 10Life 5-Star Insurance Awards 2026
Top 3 Finalists in “Most Innovative Product/Service Award (General Insurance)” at the Hong Kong Insurance Awards 2025
New Travel Insurance services
In April 2025, MSIG launched two travel services designed to make support faster and more seamless. The market-first Door-to-Door Luggage Repair Service completed 135 luggage repair requests from April to December 2025, equal to 16% of all luggage damage claims, while Overseas Medical Teleconsultation simplifies access to care while travelling abroad. These new services reflect innovation in an area where customers value convenience, speed and reassurance.
MSIG built on that momentum in October 2025 with upgraded Travel Insurance products that added new benefits, including Cancellation of Journey for Any Reason. The enhancement gives travellers greater flexibility and strengthens MSIG’s position in a critical category where expectations are rising around responsive, real-world protection.
Beyond travel, the report highlights a wide range of cases of MSIG’s broader focus on customer-centred claims service across personal and commercial lines – demonstrating a commitment not only to efficient claims handling, but also to helping customers navigate disruption and move forward.
Hashtag: #MSIG
The issuer is solely responsible for the content of this announcement.
About MSIG Insurance (Hong Kong) Limited (“MSIG”)
MSIG is a wholly owned subsidiary of Mitsui Sumitomo Insurance Co Ltd and a member of the MS&AD Insurance Group, Asia’s leading general insurance brand with presence in 50 countries and regions globally. The Group is amongst the world’s top 10 insurance groups based on gross revenue and one of Japan’s leading insurers with A+ Stable credit rating. With over 40,000 employees world-wide, MSIG is represented in all ASEAN markets as well as in Australia, New Zealand, Hong Kong, Mainland China, Korea, India and Taiwan.
MSIG has been providing general insurance solutions to customers in Hong Kong for more than 170 years, dating as far back as 1855. We offer a wide range of solutions and services through an extensive distribution network including agents, brokers, and strategic partnerships with leading banks as well as growing collaborations with digital and consumer platforms.
The round brings HiDream.ai’s total financing over the past three months to more than RMB 2.1 billion and marks its entry into unicorn status
BEIJING, CHINA – Media OutReach Newswire – 27 July 2026 – HiDream.ai, a global large-model AI technology company, has announced the completion of a RMB 1.5 billion Series C financing round. The round was co-led by the National Social Security Fund Sichuan Revitalization Sci-Tech Innovation Fund, ICBC Capital, Hongyi Asset Management and Dunhong Capital.
The screenshot of this leaderboard was taken on June 22, 2026.
New investors including Xiamen ITG Capital, Shanghai Film New Vision Fund, Hubei Yangtze River Industry Investment Group, Huace Film & TV, Hangyuan Capital, Chuangyunhai Capital, Huafu Investment, Yuhang Financial Holding, Bank of Communications Capital and Wakamatsu Fund also participated. Existing shareholders including Hefei Industrial Investment, Fortune Capital, Kingpo Investment, Jinhua Capital, Zhongzhe Capital and Caixin Capital continued to back the company.
The round brings together national-level long-term capital, regional government-backed investment platforms, industry investors and venture capital firms. HiDream.ai said the funding will support its development of native omni-modal world models and the expansion of its product and commercial ecosystem.
The Series C follows two earlier rounds completed within the past three months, bringing HiDream.ai’s total financing during the period to more than RMB 2.1 billion. With the latest round, the company has entered unicorn status.
“Forward-looking judgment on AI technology and continued innovation in large-model architecture have always been core to HiDream.ai’s growth,” said Mei Tao, founder and CEO of HiDream.ai. “We believe the evolution from multimodal AI to native omni-modal world models is an essential path toward AGI. With this funding, we will continue building the foundation for native omni-modal world models and work with global developers and partners to expand the boundaries of intelligence.”
Long-term Capital Backs HiDream.ai’s AI Roadmap
The round includes national-level long-term capital, technology-focused financial investors and multiple regional government-backed investment platforms.
The participation of the National Social Security Fund Sichuan Revitalization Sci-Tech Innovation Fund as a co-lead investor reflects growing institutional support for foundational AI technologies and critical AI infrastructure.
Regional investment platforms including Hefei Industrial Investment, Xiamen ITG Capital, Yuhang Financial Holding and Hubei Yangtze River Industry Investment Group also participated or increased their exposure, providing support across capital, industrial resources and application scenarios.
Existing shareholder Hefei Industrial Investment has backed HiDream.ai across three consecutive rounds, underscoring long-term confidence in the company and its alignment with Hefei’s strategy to develop a hard-tech and AI innovation hub.
HiDream.ai said support from long-term institutional capital and regional government-backed investors will help provide full-cycle backing for model research, product development and industrial deployment.
Industry Investors Deepen Content and Entertainment Partnerships
The Series C round also introduced leading film and entertainment industry investors, including Shanghai Film New Vision Fund and Huace Film & TV.
HiDream.ai said these partnerships will expand its access to film and entertainment resources, production scenarios and high-quality content data, supporting innovation in AI-native content production.
The company has been working with Shanghai Film Co., Ltd. on next-generation content production, cinema scenario upgrades, AI-powered cross-screen marketing, and AI-enabled large-screen production standards and workflows.
HiDream.ai also plans to collaborate with Huace Film & TV on AI agent-assisted content creation, corpus co-development, premium content co-production and full-chain IP development.
Together with earlier cooperation with Hubei Yangtze River Film Group, the addition of Shanghai Film New Vision Fund and Huace Film & TV further expands HiDream.ai’s role in China’s film and entertainment ecosystem and provides richer data and application scenarios for its video models.
From Native Omni-modal Models to World Models
HiDream.ai is among China’s earliest companies focused on multimodal generative AI. Built on its self-developed HiDream model family, the company has developed a portfolio of AI products and a global commercial network across content creation, marketing, and film and entertainment production.
Earlier this year, HiDream.ai’s native omni-modal HiDream-O1 model series, based on its original UiT, or Unified Transformer, architecture, achieved leading results on the text-to-image leaderboard of Artificial Analysis, a global independent AI model evaluation and analytics platform. The open-source version ranked first globally, while the closed-source version ranked among the global top three, positioning HiDream.ai among the leading players in visual generative AI.
At the product and commercialization level, HiDream.ai is pursuing a dual-engine strategy combining foundation models and AI agents. Built on the HiDream-O1 model series, its “1+1+3” framework includes one foundation model, one Token Hub platform for standardized model capability output, and three application areas: commercial marketing, film and entertainment production, and content creation.
At WAIC 2026, HiDream.ai introduced vivago R1, a multimodal creative agent with long-form video generation and editing capabilities. The “R” in R1 stands for long-horizon reasoning, reflecting a shift in AI-assisted creative production from generating isolated assets to planning, orchestrating and executing longer creative workflows.
HiDream.ai’s products currently serve users in more than 100 countries and regions, including over 50 million professional users and more than 40,000 enterprise customers. The company said these commercial deployments validate the practical application of its native omni-modal architecture and provide a foundation for future scale.
HiDream.ai said its long-term vision is to move from multimodal AI to omni-modal AI and ultimately world models — systems capable of understanding, reasoning about and constructing dynamic environments. The company will continue advancing both large-model technology and AI agent products, accelerating the shift of AI from a tool to an intelligent partner.
Hashtag: #HiDreamAI
The issuer is solely responsible for the content of this announcement.
About HiDream.ai
HiDream.ai is a large-model AI technology company focused on native omni-modal intelligence and world-model development. Built on its self-developed HiDream model family, the company develops foundation models, AI agent products and AI applications across commercial marketing, film and entertainment production, and content creation.HiDream.ai’s products serve users in more than 100 countries and regions, including over 50 million professional users and more than 40,000 enterprise customers.
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Chou Tien-chen became the oldest player to win a BWF World Tour Super 1000 title after overcoming France’s Toma Junior Popov in a demanding three-game China Open final in Changzhou.
The 36-year-old from Taiwan secured the men’s singles championship 21-15, 7-21, 21-13 on Sunday, combining controlled aggression with the stamina that has sustained his career among badminton’s leading players for more than a decade.
Chou recovered from a one-sided second game to regain command in the decider. He slowed Popov’s attacking rhythm, defended with greater precision and forced the Frenchman into difficult exchanges from the back of the court. The victory completed an outstanding campaign that included a major upset against world No. 1 and defending champion Shi Yuqi.
The sixth seed had defeated Shi 21-14, 12-21, 21-15 in the quarter-finals, ending a nine-match losing sequence against the leading Chinese player. Chou then beat fellow Taiwan player Lin Chun-yi 21-18, 21-18 in the semi-finals to reach the championship match.
His title carried added significance because of the physical demands associated with a Super 1000 tournament. The category sits at the highest regular level of the BWF World Tour and brings together most of the world’s top-ranked players. Chou’s ability to win several high-intensity matches at 36 underlined the value of conditioning, disciplined court movement and tactical experience in extending elite careers.
Popov, ranked 16th, responded strongly after losing the opening game. The 27-year-old dominated the second with steep attacks and early interceptions, restricting Chou to seven points. The momentum shifted again in the final game as Chou reduced his errors, absorbed pressure and opened decisive gaps with accurate placement.
The result denied Popov his first Super 1000 title but strengthened his position among Europe’s leading singles players. His run also reflected France’s growing influence in a discipline traditionally led by players from Asia and Denmark. Popov and his brother Christo have helped broaden the country’s presence on the international circuit ahead of another demanding phase of World Tour events.
Akane Yamaguchi claimed the women’s singles title with a 21-18, 21-16 victory over home favourite Chen Yufei. The Japanese world champion produced a composed display built on speed, retrieval and sharp changes of direction.
Yamaguchi maintained pressure through long rallies and repeatedly turned defence into attack. Chen remained competitive in both games but struggled to establish sustained control against an opponent who covered the court efficiently and made few unforced errors.
The championship was another major success for Yamaguchi following her third world title in 2025. Her victory also represented a strong response after she lost the Japan Open final to PV Sindhu a week earlier.
Yamaguchi had reached the China Open final by defeating defending champion Wang Zhiyi 21-10, 6-21, 21-16 in a fluctuating semi-final. She recovered after a difficult second game and regained her consistency in the decider.
China collected two titles through its doubles combinations. Liu Shengshu and Tan Ning retained the women’s doubles crown by defeating Japan’s Yuki Fukushima and Mayu Matsumoto 21-14, 21-19.
The home pair controlled the opening game and resisted a stronger challenge in the second. Their victory gave them a third Super 1000 championship from four tournaments at that level during the season, reinforcing their position among the strongest partnerships in women’s doubles.
Guo Xinwa and Chen Fanghui won the mixed doubles title after an 87-minute contest against top seeds and defending champions Feng Yanzhe and Huang Dongping. Guo and Chen prevailed 25-23, 20-22, 21-15 in an all-China final.
They missed several opportunities to close the match in the second game but recovered in the decider, applying greater pressure at the net and limiting their opponents’ attacking options. It was their second Super 1000 title following their All England success in 2025.
Indonesia’s Fajar Alfian and Muhammad Shohibul Fikri took the men’s doubles championship with a 16-21, 21-19, 21-19 comeback victory over South Korea’s Kim Won-ho and Seo Seung-jae.
Europe’s tougher digital-asset rules are creating conditions for a new wave of mergers and acquisitions as crypto companies seek licences, compliance expertise, customers and stronger links with established banks. The European Union’s Markets in Crypto-Assets regulation, known as MiCA, entered a decisive phase on July 1, when the final transitional arrangements expired across the bloc. Crypto exchanges, custodians and other service providers can no longer rely on […]
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Saudia and Garuda Indonesia have agreed to pursue a joint business partnership aimed at expanding passenger connectivity between Southeast Asia, Saudi Arabia and destinations across Europe, Africa and the Middle East.
The airlines signed a memorandum of understanding that establishes a framework for negotiating a future joint business agreement. The proposed arrangement would deepen their existing codeshare relationship and could allow closer coordination across schedules, sales, network planning and passenger services.
The partnership is expected to explore single-ticket journeys across the two carriers’ combined networks. Garuda Indonesia passengers could gain easier access to Saudia-operated destinations in the Middle East, Europe and Africa, while Saudia customers could connect through Garuda’s domestic network and services to Australia.
The carriers will examine coordinating flight schedules between Saudi Arabia and Indonesia to improve connection times and reduce lengthy transfers. They will also assess joint sales, marketing and distribution initiatives in markets where both airlines see opportunities for traffic growth.
Cooperation could extend to frequent-flyer programmes, airport services, technology systems and customer handling. The memorandum also places particular emphasis on services for Umrah and Hajj passengers travelling from Indonesia, one of the world’s largest markets for pilgrimage-related air travel.
Saudia Chief Commercial Officer Arved von zur Muehlen and Garuda Indonesia Director of Transformation Neil Raymond Mills signed the agreement. The ceremony was attended by Saudia Group Director General Ibrahim Al-Omar and Garuda Indonesia Vice President Director Thomas Sugiarto Oentoro.
Von zur Muehlen said the agreement reflected Saudia’s strategy of building commercial partnerships that strengthen its international network. He said the proposed cooperation would offer passengers greater flexibility between Indonesia, Australia and destinations served by Saudia across three regions.
Mills said the partnership carried strategic value beyond expanding flight networks. Improved access to the Middle East, Europe and Africa would support pilgrimage travel, family and community movement, business links and wider economic cooperation.
A joint business agreement would represent a deeper form of cooperation than a conventional codeshare. Codeshares allow airlines to sell seats on flights operated by a partner, while joint business structures can involve coordinated scheduling, pricing, sales and capacity planning, subject to regulatory approval.
Such arrangements allow airlines to extend their market reach without immediately adding aircraft or launching a large number of new routes. They can also improve aircraft utilisation and feed passenger traffic through major hubs. Regulators, however, generally examine these partnerships to ensure that closer coordination does not weaken competition or limit consumer choice.
The proposed partnership builds on the airlines’ membership of the SkyTeam alliance. Saudia joined SkyTeam in 2012, while Garuda Indonesia became a member in 2014. Alliance membership already supports shared passenger benefits, lounge access, priority services and frequent-flyer recognition across participating carriers.
Saudia operates from hubs including Jeddah, Riyadh, Dammam and Medina, connecting Saudi Arabia with destinations across Asia, Africa, Europe and North America. Its Jeddah hub is particularly important for religious travel because of its proximity to Makkah and its role as a gateway for pilgrims.
Garuda Indonesia’s network is centred on Jakarta and Bali, with domestic services covering major commercial centres and tourism destinations across the archipelago. Its international operations connect Indonesia with markets in Asia, the Middle East and Australia.
The agreement comes as Garuda expands commercial cooperation with overseas airlines during its continuing operational and financial restructuring. The carrier launched a codeshare partnership with Scandinavian Airlines in June, offering connections between Indonesia and Copenhagen, Stockholm and Oslo through hubs including Amsterdam and Tokyo.
Greater cooperation with Saudia could strengthen Garuda’s access to markets that are difficult to serve economically with direct flights. The arrangement could also help generate connecting traffic for domestic destinations beyond Jakarta, including cities that supply significant numbers of Umrah and Hajj travellers.
Indonesia and Saudi Arabia have sought to expand economic and transport ties alongside their strong religious and cultural links. Agreements between companies from the two countries valued at about $27 billion were announced in 2025 across sectors including clean energy, petrochemicals and aviation fuel services.
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ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap, advancing Abu Dhabi’s plans to raise natural gas production and expand supplies for domestic and international customers. The offshore project is expected to produce more than 600 million standard cubic feet per day of natural gas and associated gas liquids by 2030. That volume is equivalent to almost 10 per cent of the […]
The UAE and Andhra Pradesh have moved a planned food-processing partnership into the implementation stage, opening talks on investments, agricultural technology, export infrastructure and more resilient supply chains.
More than 32 companies from the UAE and India joined a business forum organised by the UAE Food Cluster and the Andhra Pradesh government. The gathering brought food producers, agricultural businesses, logistics operators and technology companies together to identify projects across manufacturing, farming, seafood, cold storage and distribution.
The forum, held under the theme “Building Strategic Partnerships Across Value Chains”, coincided with a visit by a UAE economic delegation led by Minister of Economy and Tourism Abdulla bin Touq Al Marri. Andhra Pradesh Chief Minister N. Chandrababu Naidu, senior state officials and representatives of the Andhra Pradesh Economic Development Board also attended.
A memorandum of understanding signed by the UAE Food Cluster and the state’s Economic Development Board provides a framework for investment, trade, innovation and institutional cooperation. It covers sustainable production, value-added manufacturing, technology transfer, knowledge exchange and business missions.
The agreement also advances plans for a UAE-backed food cluster in Andhra Pradesh, an initiative discussed during Naidu’s meeting with Al Marri at the World Economic Forum in Davos in January. The proposed cluster is expected to connect farms, processors, cold-chain operators, ports and overseas buyers through integrated commercial networks.
Initial work will focus on building value chains for mangoes, bananas and cocoa, three products in which Andhra Pradesh has established production and export strengths. UAE-based Floor Masters International has proposed investing ₹100 crore in a food-processing facility at Gangadhara Nellore in Chittoor district.
The company, which supplies products to about 25 countries, plans to use the facility as an export base. The proposal is the first identified investment under the broader partnership and could serve as a test case for subsequent projects involving Emirati businesses.
Discussions at the forum covered seafood, aquaculture, dairy products, poultry, pulses, horticulture, food sourcing and distribution. Companies also examined cold-chain systems that could reduce spoilage between farms, processing centres, ports and retail markets.
Andhra Pradesh’s long coastline, commercial ports, agricultural output and links to Gulf markets have made the state a potential supply base for UAE food businesses. Stronger maritime connections could shorten delivery times while providing producers with access to consumers across West Asia and other markets served through UAE logistics networks.
Naidu presented opportunities in horticulture, aquaculture and food processing, while promoting Rayalaseema as a future horticultural centre. The state is seeking public and private investment in irrigation, storage, packaging, processing and branding to raise the value of agricultural production rather than relying mainly on raw commodity sales.
Andhra Pradesh accounts for 15.6 per cent of the country’s fruit production and leads nationally in crops including papaya, cocoa, tomato, coconut and oil palm. It is also a major producer and exporter of chillies, bananas, seafood and aquaculture products.
The state allocated ₹1,223.86 crore to horticulture and allied departments in its 2026–27 budget. Its plans include expanding commercial horticulture, supporting micro-irrigation and developing West Godavari as a cocoa hub. Nearly 120,000 tonnes of bananas are exported annually, highlighting the potential for additional sorting, packaging and processing capacity.
For the UAE, the partnership supports a strategy of securing diversified and commercially sustainable food supply channels. The country has built an ecosystem covering farming, manufacturing, imports, distribution, food technology and logistics, but remains dependent on overseas supply for much of its consumption.
The UAE Food Cluster, launched two years ago, connects more than 2,000 businesses across production, processing, distribution and innovation. The wider national food sector includes more than 10,000 companies and over 38,000 farms, alongside tens of thousands of registered food-related trademarks.
Al Marri and Naidu also discussed cooperation in tourism, hospitality, infrastructure and knowledge-based industries. Emirati companies are assessing coastal tourism projects and logistics opportunities, indicating that the food initiative could form part of a wider investment relationship with the state.
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SINGAPORE – Media OutReach Newswire – 21 July 2026 – A Singapore company looking to expand into Vietnam may need a lawyer, accountant, tax adviser, HR consultant and local business connections. Today, businesses often have to find these services one by one, in each market they enter.
A new regional network aims to change that.
The Professional Services (PS) Centre Singapore, officially launched today by Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, is the latest addition to a growing network of Professional Services Centres that connects businesses with trusted professional expertise across Asia.
Located at Level 2 of ISCA House, the Singapore PS Centre will serve as the anchor hub of the regional network, linking businesses to PS Centres in Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with Jakarta expected to join later this year. Future centres are also planned in Bangkok, Johor Bahru and Shenzhen.
Rather than building another office, the PS Centre is building something different, a trusted regional network where businesses can access local knowledge, professional expertise and business connections through one coordinated platform.
The initiative is led by the PS Centre Alliance, comprising the Association of Small & Medium Enterprises, Institute of Valuers & Appraisers, Singapore Business Federation, Singapore Chinese Chamber of Commerce & Industry, Singapore Manufacturing Federation, Tax Academy of Singapore, The Law Society of Singapore and the Institute of Singapore Chartered Accountants (ISCA).
Helping businesses solve real problems As businesses expand across borders, the challenges they face have become more complex. They are no longer limited to setting up an office or understanding local regulations. Companies today are responding to geopolitical shifts, changing trade policies, supply chain realignment, AI disruption, cyber risks and growing sustainability expectations, while trying to build trusted relationships in unfamiliar markets. No single profession can solve these challenges alone.
The PS Centre brings together professionals from different disciplines, including legal, accounting, tax, corporate secretarial, HR, valuation, sustainability and business consulting, so businesses can access coordinated support instead of approaching each profession separately.
Beyond professional advice, businesses can tap on local business associations, government agencies, chambers of commerce and ecosystem partners connected through the PS Centre network.
More than a networking platform The Singapore PS Centre will also introduce the Business Growth Clinic, a new initiative where business owners can bring real business challenges to a multidisciplinary panel of professionals.
Whether the challenge is expanding overseas, adopting AI, raising capital, restructuring a business or planning succession, businesses will receive practical guidance and be connected with the right professionals to help move their plans forward.
Early results from the network Although the network is still in its early stages, businesses are already seeing results. Through the Shanghai PS Centre, Singapore based accounting firm Unity Assurance secured new business opportunities in China and subsequently established a joint venture with a local partner.
The Nanjing PS Centre supported firms such as Morningstar and Fiducia LLP with local business introductions, office setup and talent connections as they expanded into China. In Vietnam, the Ho Chi Minh City PS Centre has supported Singapore businesses such as Koda Ltd and JDI Ventures in navigating different aspects of regional expansion, such as guidance on pressing cross-border matters and local business introductions to support market entry. The Centre has also connected Vietnamese technology companies such as Techvify and Vinova with relevant networks and market insights to support their entry into Singapore.
These examples demonstrate how trusted local networks can shorten the time needed for businesses to enter new markets while reducing uncertainty.
Strengthening Singapore’s position as a trusted business hub The Singapore PS Centre complements Singapore’s position as a global business and financial hub by extending trusted professional services into key markets across Asia.
As more centres are established, businesses will be able to tap on one connected network instead of building relationships from scratch in every country.
For Singapore professional services firms, it also creates new opportunities to support clients expanding overseas and to build partnerships with firms across the region.
Mr Lee Boon Teck, President, ISCA, said: “Business is becoming increasingly regional, but professional services are still largely organised country by country. Companies expanding overseas often spend months trying to identify trusted advisers and build local networks. The PS Centre network changes that. We are bringing together trusted professional firms, business associations and local partners across Asia, making it easier for businesses to expand with confidence. Our vision is simple. Wherever a business chooses to grow in Asia, there should be a Professional Services Centre ready to support that journey.”
Ms Junie Fo, Vice President & Head, Professional Services, Singapore Economic Development Board, said “Professional services firms play a critical role in helping Singapore-based enterprises navigate the rapidly evolving global business environment. The Singapore PS Centre will provide access to different professional services to support enterprises’ regional growth needs. EDB looks forward to working with members of the PS Centre Alliance to advance the Professional Services ecosystem.”
About the Professional Services Centre The Professional Services Centre is a collaborative initiative by the PS Centre Alliance to support businesses expanding across borders through trusted professional expertise, local business networks and market access. The network currently spans Singapore, Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with further expansion planned across Asia and the Middle East. Hashtag: #ISCA #CharteredAccountants #ProfessionalServices #ProfessionalServicesCentre #DifferenceMakers #Accounting #Accountancy
The issuer is solely responsible for the content of this announcement.
Institute of Singapore Chartered Accountants (ISCA)
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. Established in 1963, ISCA administers the Singapore Chartered Accountant Qualification programme and is the designated entity by the Singapore Ministry of Finance to confer the Chartered Accountant of Singapore [CA (Singapore)] designation.
ISCA supports over 46,000 members across industries in Singapore and globally, with members in more than 40 countries. With a growing international presence, ISCA has 12 overseas chapters, 7 offices across 10 countries and a network of over 150 strategic partners, strengthening professional connections and opportunities across borders. ISCA is also a member of Chartered Accountants Worldwide, a global network representing more than 1.8 million Chartered Accountants and students across over 190 countries.
ISCA advances professional development and lifelong learning through ISCA Academy, its training arm and drives community impact through ISCA Cares, its charity arm.
Arabian Post Staff -Dubai Dubai Future District Fund has expanded its portfolio to 30 investments, confirming that the future is now sufficiently diversified to survive several pitch decks, two market corrections and at least one founder describing an ordinary payment service as “transformational infrastructure”. The fund made eight new investment commitments during 2025, including five venture capital funds and three high-growth companies. Its portfolio now consists of […]
Release of Phased Achievements of the National Pilot Base for AI Application (Financial Sector) Held Alongside the Conference
SHANGHAI, CHINA – Media OutReach Newswire – 20 July 2026 – On 17 July, the 2026 World Artificial Intelligence Conference (WAIC) officially opened in Shanghai. UnionPay unveiled three proprietary AI technologies developed for the financial sector at the Shanghai exhibition area: financial transaction time-series foundation model, the Agentic Payment Open Protocol (APOP) framework, and a privacy-preserving large language model inference solution. As the AI era unfolds, the showcase highlights UnionPay’s continued commitment to accelerating the adoption of digital and intelligent technologies.
On 18 July, UnionPay hosted the Release of Phased Achievements of the National Pilot Base for AI Application (Financial Sector) at the UnionPay Center alongside WAIC 2026. The event brought together more than 100 representatives from commercial banks, Chinese and international partners, leading technology companies, academia, and research institutions. During the event, UnionPay released its “1+6+N” AI achievements framework, announced a series of industry partnerships, and launched a joint initiative calling for greater collaboration on the development and governance of the financial industry. These achievements demonstrate the progress of the National AI Application Pilot Base in building an open innovation platform that accelerates AI adoption across the industry.
Dong Junfeng, Chairman of China UnionPay and UnionPay International, attended the event and delivered a keynote speech. He noted that AI is rapidly reshaping the financial industry. Since the National AI Application Pilot Base was launched in 2025, it has delivered a number of meaningful outcomes through close collaboration across the industry. Mr. Dong elaborated on the vision for the development of the base from through three dimensions: sharing, collaborative governance, and mutual benefits. First, by pooling computing resources, data and models on a centralized public platform, the base helps address industry challenges such as the high cost of computing resources and data silos. This lowers barriers to AI adoption across the financial sector. Second, the base has strengthened AI security by building robust safeguards for large language models and applying AI to enhance transaction risk management and cybersecurity. Such efforts are made to support a safer and more resilient financial ecosystem. Third, the base is accelerating the AI adoption across real-world use cases. It has incubated a range of commercial AI solutions spanning agentic payments, credit risk management, consumption promotion and merchant digital transformation, turning technological innovation into tangible business value. Looking ahead, the future of AI + Finance holds enormous potential. UnionPay looks forward to working with partners across industries to build an open, shared, and well-governed financial AI ecosystem that supports the development of new productive forces through technological innovation.
A highlight of the event was the official launch of UnionPay’s “1+6+N” AI achievements framework.
The “1” represents a unified portal—the National AI Application Pilot Base. Built on a “One Portal, Six Centers” structure, it integrates six specialized centers covering models, datasets, applications, talent development, supply-demand matching, and financial services. Together, the platform currently hosts 11 models, 14 datasets, 59 demonstration applications, and 61 service offerings, bringing together 145 core resources in total.
The “6” refers to six independent and controllable capabilities, including computing resources scheduling through a trusted intelligent computing sharing platform, high-quality financial datasets, finance-specific foundation models, AI-powered financial security services, financial AI standards, and a pilot testing sandbox that supports model training and evaluation. Together, these six capabilities form the base’s shared technology foundation, providing ecosystem partners with the core technical infrastructure.
The “N” represents a portfolio of benchmark use cases, standardized AI solutions, and demonstration applications built on this technology foundation. These applications span five key areas—intelligent payments, inclusive finance, consumption growth, risk management and compliance, and operational excellence—building a multi-tier product portfolio serving consumers, merchants, local governments and financial institutions. This accelerates the application of AI capabilities across diverse use cases.
Together, the “1+6+N” framework of the base connects computing power, data, models, and use cases and forms an end-to-end value chain. By addressing common industry challenges—including limited computing resources, data silos and the high cost of AI deployment—it delivers standardized and widely accessible AI capabilities, providing the financial industry with reusable, highly secure and one-stop AI solutions for intelligent transformation. This also reflects UnionPay’s commitment not only to driving its own business growth, but also to enabling the industry through foundational capabilities and reinforcing financial infrastructure for the AI era.
These achievements have already been made available to industry partners and are beginning to create value. For banks, acquirers and other financial institutions, UnionPay’s shared infrastructure enables rapid access to mature financial AI capabilities without the need to build systems from scratch, significantly reducing both technical barriers and implementation costs. For merchants, UnionPay offers AI-powered marketing, digital analytics and intelligent risk management tools to support smarter operations, improve customer engagement and enhance operational efficiency, enabling even small and medium-sized businesses to benefit from AI innovation. For technology companies and other ecosystem partners, the base enables partners to rapidly adapt AI products for financial applications and complete compliance validation, accelerating the commercialization of technological innovations.
The event also featured six rounds of partnership signing ceremonies, covering areas including AI-themed card, cross-border agentic payment ecosystem development, AI-powered operational empowerment for merchants, joint commercialization of pilot base innovations, and broader ecosystem collaboration across the financial industry chain.
Following the signing ceremonies, UnionPay released the Initiative on the Collaborative Development and Governance of AI Applications in Financial Services, with representatives from participating organizations joining the stage to witness its launch. Building on the “1+6+N” framework, the initiative calls on industry stakeholders to collaborate in four areas: First, advancing trusted AI systems that serve the real economy by establishing governance mechanisms for traceable and explainable algorithms while safeguarding data privacy and security; Second, strengthening collaboration among industry, academia, research institutions and users, leveraging the base to jointly advance core technologies and develop independent and secure financial AI infrastructure; Third, promoting openness and inclusiveness by sharing mature AI models, testing services and implementation solutions to reduce the cost of intelligent transformation, particularly for SMEs; Fourth, improving lifecycle governance through tiered risk management, enhanced compliance standards and coordinated risk prevention. The initiative calls on all industry stakeholders to work together by jointly strengthening the foundation, unlocking greater value through shared capabilities, and reinforcing collaborative governance, with the goal of advancing the sound development of AI in the financial sector and driving digital finance through technological innovation.
Hashtag: #UnionPay
The issuer is solely responsible for the content of this announcement.
SINGAPORE – Media OutReach Newswire – 20 July 2026 – Imperial Harvest, an Imperial Feng Shui consultancy in Singapore, has unveiled a one-of-one bespoke mahjong set valued at US$1.888 million (approximately S$2.4 million) — placing it among the world’s most valuable mahjong sets ever created — with all proceeds from its sale pledged to DIPG Foundation Singapore, funding research into one of the deadliest childhood brain cancers.
Imperial Feng Shui Mahjong Set
For generations, mahjong has been far more than a pastime. Rich in symbolism, strategy and tradition, the centuries-old game has long brought families and friends together around a table, and today it is enjoying a global resurgence, winning new audiences across the United States and beyond.
Against this backdrop, the one-of-one creation brings together exceptional materials, artisanal craftsmanship and Imperial Feng Shui principles into a collector’s piece that channels cultural heritage into meaningful change.
Turning Prosperity Into Hope for Children
Diffuse Intrinsic Pontine Glioma (DIPG) is a rare and aggressive brain tumour that primarily affects children between the ages of five and 11, and has long been considered incurable. In 2024, doctors reported the world’s first case of a child effectively cured of DIPG, renewing global momentum in the field — yet research into the disease remains critically underfunded.
All proceeds from the sale of the mahjong set will be donated to DIPG Foundation Singapore, Singapore’s first foundation dedicated to advancing research into DIPG and other paediatric brain cancers. Founded by families who each experienced the loss of a child to the disease, the foundation supports research, advocates for greater access to innovative therapies and clinical trials, and provides resources for affected children and their families.
For Grand Master David Goh, founder of Imperial Harvest, donating the proceeds reflects a belief that prosperity carries its greatest meaning when it can be shared. The mahjong set celebrates abundance through symbolism and craftsmanship while channelling that value into research that brings hope to affected children and their families.
A Fading Craft, Reimagined
The set arrives at a time when the traditional art of mahjong tile carving is fading worldwide, lending its craftsmanship a significance beyond luxury alone. At the heart of the set are 156 playing tiles, including Animal, Fei and Joker tiles, individually crafted in untreated Burmese Grade A Black Jadeite. Revered for its rarity and cultural significance, the stone has long been associated with protection, resilience and prosperity, with every tile retaining its natural individuality.
The tiles are housed in a bespoke trunk wrapped in exceptionally rare Himalayan Niloticus crocodile leather, prized for its naturally occurring gradient reminiscent of snow-capped mountain peaks and sourced from a tannery that supplies some of the world’s most prestigious luxury maisons. Inside, aerospace-grade Alcantara — the same premium material found in the interiors of Ferrari and Lamborghini supercars — creates a soft, durable lining that protects every tile.
Where Feng Shui Meets Design
Guided by third-generation feng shui master Grand Master David Goh, every detail has been considered not only for its visual appeal but also for its symbolic significance, resulting in a collector’s piece that seeks to harmonise Heaven, Earth and humanity.
The conventional Singapore animal tiles have been replaced by the Four Celestial Guardians — the Azure Dragon, Vermilion Phoenix, White Tiger and Black Tortoise — mythical creatures deeply rooted in Chinese cosmology that traditionally represent protection, balance and harmony. Likewise, the flower tiles have been redesigned to depict four auspicious creatures: the bat, deer, crane and magpie, collectively symbolising fortune, prosperity, longevity and happiness.
Even one of mahjong’s most recognisable tiles, the Seven Dots, has been reimagined. Instead of following its conventional arrangement, the seven circles are positioned according to the “Seven Star Lighting” formation, an Imperial Feng Shui configuration believed to represent stability, clarity and strategic balance. The Character suit, meanwhile, features English transliterations such as “Yi Wan”, “Er Wan” and “San Wan”, making the set accessible to an international audience while preserving its cultural identity.
As Grand Master David Goh describes it, the set is “far beyond a Mahjong set. Every detail has been calibrated to harmonise Heaven, Earth and Man, ensuring that its owner engages not just in a game, but in a field of aligned opportunity, protection and infinite prosperity.”
A New Definition of Luxury
Whether viewed as a collector’s piece, a work of design or cultural heritage, the Imperial Feng Shui Mahjong Set occupies a category of its own — a reminder that the greatest luxury may ultimately be the opportunity to create meaningful change. It is a philosophy that Imperial Harvest carries through its bespoke Feng Shui consultation services in Singapore, where prosperity is understood as something to be built, and shared.
The issuer is solely responsible for the content of this announcement.
About Imperial Harvest
Imperial Harvest is a Singapore-based luxury Imperial Feng Shui maison dedicated to empowering individuals with clarity, breakthroughs, and prosperity. Founded by Grand Master David Goh, Imperial Harvest upholds the royal Feng Shui traditions once reserved for Chinese emperors, making them accessible to modern professionals, business leaders, and families worldwide.
At the heart of Imperial Harvest is a unique blend of time-honoured metaphysics and contemporary craftsmanship. Every treasure – from fine jadeite and rare agarwood to bespoke jewellery collections – is carefully matched to each client’s Bazi chart and personally blessed by Grand Master David to activate favourable elements for wealth, benefactors, and opportunities.
With a proven track record of guiding thousands of clients to achieve career milestones, business growth, and lasting harmony, Imperial Harvest continues to set the benchmark for authentic, results-driven Imperial Feng Shui. The maison is committed to building lifelong partnerships grounded in trust, expertise, and transformational success.
The launch combines a unified, action-oriented world model with Ambient Capture Engine 2.0, three commercial solutions and a new industry benchmark, connecting high-density data with real-world robotic operations.
SHANGHAI, CHINA – Media OutReach Newswire – 19 July 2026 – ACE ROBOTICS today unveiled Kairos 3.1, its latest action-oriented world model, alongside Ambient Capture Engine 2.0 and three commercial solutions spanning instant retail, hospitality and outdoor service scenarios.
ACE ROBOTICS Chairman Wang Xiaogang introduces Kairos 3.1 during WAIC 2026 in Shanghai
The announcements were made at a forum ACE ROBOTICS organized during the 2026 World Artificial Intelligence Conference, convened around the theme of advancing physical AI from “understanding” to “execution.” The event brought together economists, technology executives and embodied AI researchers to examine how general-purpose world models can move from laboratory research to industrial deployment.
The forum also marked the launch of PHYSICAL IQ, a unified benchmark for embodied physical intelligence. It was jointly initiated by the Shanghai Artificial Intelligence Association, the Shenzhen Loop Area Institute and the East China branch of the China Academy of Information and Communications Technology, with participation from more than 20 universities and industry partners.
Thomas J. Sargent, Nobel laureate in Economic Sciences, discussed the limitations of current intelligent systems in rare and previously unseen situations.
A world model built for the physical world
“In the digital world, a model error may result in a flawed image or paragraph. In the physical world, an incorrect action can have real consequences,” said Wang Xiaogang, Chairman of ACE ROBOTICS. “Kairos 3.1 is built around a first-principles approach to embodied world models, helping robots act more reliably in complex and uncertain environments, and accelerating the arrival of physical AI’s Kairos moment.”
Kairos 3.1 is designed as a natively unified model that integrates generative, physical and cognitive intelligence within a single architecture, rather than combining separately developed capabilities.
Built on a hybrid Transformer architecture with a shared mixed-attention mechanism, it brings visual observations, language instructions, force and tactile signals, and policy trajectories into a unified latent space.
This supports an “understand, reason, execute and reflect” loop. The model can break down long-horizon tasks, simulate physical cause and effect across multiple scenarios, rank candidate actions, execute the selected strategy and evaluate the outcome for further adjustment.
At the core of its spatial understanding is ACE-BRAIN-0.5. ACE ROBOTICS said it has achieved state-of-the-art results across 12 public evaluations covering spatial understanding, navigation, manipulation and task-progress assessment, among publicly reported models as of July 2026.
In a household laundry scenario, for example, a robot can identify spatial relationships between objects, divide a task into more than a dozen steps and verify each stage in real time. If a failure occurs, it can identify the affected step and restart from that point rather than repeating the entire task.
For physical generation and reasoning, Kairos-HomeWorld supports whole-home scene generation and object interaction. It is built on 300,000 residential floor plans, 5,000 simulated home environments and 8,700 3D assets covering six categories of physical properties, designed to reflect common residential layouts in China.
The model can simulate multiple action trajectories in parallel and rank them based on predicted success and execution cost before sending instructions to a physical robot.
In internal testing, the Kairos 3.1 8B model achieved an inference latency of 125 milliseconds on the NVIDIA Jetson Thor platform at BF16 precision. Its in-house KairosRT computing engine supports real-time, on-device inference.
Kairos 3.1 also incorporates self-reflective iteration. When an action fails, the robot can evaluate the result and adjust its strategy. In one test, for example, it changed from a three-finger to a four-finger grasp after an unsuccessful attempt and subsequently completed the task.
From high-density data to continuous learning
ACE ROBOTICS also introduced what it calls the “Information-Density Law” for embodied models: the value of data is determined not only by its volume, but by whether it contains information capable of changing the outcome of an agent’s actions.
ACE ROBOTICS classifies embodied data across five information-density levels, from L1 to L5. L1 and L2 data support foundational pre-training; L3 and L4 data remain focused on known tasks; and at L5, data incorporates three-dimensional force and tactile signals, failure-recovery trajectories and variables from open environments. The company says these higher-density forms of interaction data support stronger generalization, reflection and continuous learning.
Built on this principle, Ambient Capture Engine 2.0 is a human-centric system for capturing, processing and reusing high-density physical-interaction data.
ACE Ego Kit is a lightweight wireless wearable comprising head, hand and chest components. It includes the ACE Sense Glove, which offers sensitivity of 0.01 newtons and a joint-angle error of less than two degrees. The system can synchronize data from more than 20 heterogeneous sensors with a timing error of less than one millisecond.
ACE Data Engine is an automated data-production platform for continuous, high-precision annotation of long-horizon tasks. It incorporates ACE-ViDiHand, a generative 4D hand-motion-capture framework designed to track movements despite occlusion and rapid motion, which ACE ROBOTICS reports led across three public benchmarks (ARCTIC, HOT3D and HOI4D) as of July 2026. The company recorded a frame-level accuracy of 0.997 and up to a 4.8-fold improvement in motion smoothness.
ACE Ego Matrix standardizes embodied data across four dimensions: spatial coordinates, embodiment structure, action timing and data quality. It is designed to align data collected by different operators, devices and robot platforms for reuse across systems. ACE ROBOTICS has open-sourced the framework, which it says placed first on the RoboCase and RoboTwin leaderboards.
ACE ROBOTICS also announced the open release of ACE-Data-0, an L5 household-interaction dataset featuring complex physical tasks and high-precision annotations.
Three solutions moving into commercial operation
Building on its data infrastructure and Kairos world-model capabilities, ACE ROBOTICS introduced three standardized industry solutions designed for deployment within existing commercial workflows.
Xiaoman, its integrated fulfillment solution for instant retail, is paired with the new W1 fulfillment robot. The W1 has a robot-to-payload weight ratio of less than 2:1, force-control precision within one newton and a minimum required aisle width of 75 centimeters, making it suitable for high-density shelving environments. It is able to grasp both flexible packaging and rigid goods.
The solution connects robot hardware, world-model capabilities, motion control, product information, warehouse locations and order management. It supports lightweight deployment within days across flash-fulfillment warehouses, small-format stores and integrated warehouse-store setups. It has been deployed with customers including Sense MartGo, Kuaikeda and PetroChina convenience stores, using real order and shelf data to improve fulfillment performance. ACE ROBOTICS plans to deploy the solution across 1,000 retail locations over the next year and expand to approximately 10,000 stores within two years.
Xiaoxin addresses hotel-laundry operations, where ACE ROBOTICS estimates that approximately 80% of demand occurs at night.
The solution enables robots to handle collection, loading, unloading, washing, sorting and folding, with ironing capabilities planned for future versions. It is designed to reduce night-shift staffing pressure and improve operational consistency across non-standard hotel laundry environments.
Xiaotu is designed for autonomous operation in complex outdoor environments. Using a “one brain, many bodies” architecture, it applies a general-purpose intelligent brain (Agentic AI) across multiple quadruped robot platforms.
The system supports indoor and outdoor navigation, dynamic obstacle avoidance, autonomous charging, remote dispatch and multi-robot coordination. It has been deployed in visitor-guidance and interactive experience services at cultural-tourism events, including the Begonia Flower Festival in Tianjin.
Building an open embodied AI ecosystem
ACE ROBOTICS also announced a series of partnerships spanning infrastructure, computing and commercial deployment.
The company entered into a strategic collaboration with the Caohejing Development Zone to develop an embodied AI innovation platform.
In retail and fulfillment, ACE ROBOTICS announced collaborations with PetroChina, Kuaikeda and SenseTime Shanhui covering autonomous warehouse stores, front warehouses and unmanned retail environments.
To support the computing requirements of world-model development, ACE ROBOTICS launched the World Model Cloud Ecosystem initiative with Baidu AI Cloud, Alibaba Cloud, Huawei Cloud, Tencent Cloud and SenseCore AI Cloud.
By connecting high-density data, unified world models, robot platforms, commercial applications and shared evaluation standards, ACE ROBOTICS aims to support the transition of embodied AI from individual technical demonstrations to sustained operations in real-world environments.
The issuer is solely responsible for the content of this announcement.
About ACE ROBOTICS – Equipping robots with intelligent “brains” and engaging “souls”
ACE ROBOTICS is a pioneering robotics company dedicated to advancing the field of embodied intelligence. Through breakthrough technological innovations and deep insights into embodied intelligence scenarios, we aim to empower robots with the ability to autonomously understand and explore the physical world, thereby accelerating their commercial implementation.
The company pioneered the ACE R&D paradigm and built a vision-based “environmental data engine, real-world cognition, embodied interaction generalization” technology chain. Using full spatiotemporal and multi-perspective environmental capture as its engine, along with Kairos 3.0 – China’s first open-source and commercially applicable world model – plus the Embodied Foundation Model as its technical backbone, ACE ROBOTICS addresses core industry challenges such as data scarcity, common sense gaps, poor generalization, and limited versatility. Simultaneously, the company unveiled its flagship A1 Embodied Super Brain Module, accelerating the large-scale commercial deployment of embodied intelligence across diverse scenarios.
ACE ROBOTICS is both a technology pioneer and an ecosystem builder. Through strategic cooperation with top hardware manufacturers, cloud service providers, and vertical scenario partners, we have broken through the “model-hardware-scenario” industrial deadlock, providing standardized and customized solutions that are driving the development of China’s embodied intelligence industry.
VinFast has partnered with Bespoke Logistics to create a dedicated processing and service facility for electric motorcycles in the Philippines, strengthening the infrastructure behind its planned expansion in one of Southeast Asia’s largest two-wheeler markets.
The agreement gives Bespoke Logistics responsibility for warehousing, vehicle inspection, technical preparation, stockyard management and transportation before motorcycles are delivered to customers. The company will also operate a VinFast-authorised service workshop at the site.
The 20,000-square-metre facility is located in Carmona City in Cavite province, south of Metro Manila. It can store as many as 30,000 vehicles, providing VinFast with a central base from which to manage product checks, preparation and distribution.
The partnership is intended to reduce delivery times while ensuring that motorcycles meet the manufacturer’s technical and quality standards before reaching buyers. It will support the first deliveries of VinFast electric motorcycles in the country and provide capacity for a wider rollout as sales volumes increase.
VinFast will train and certify technicians employed at the facility. The two companies will also introduce standardised operating procedures, quality-control systems and a supply network for replacement parts. These measures are designed to reinforce aftersales support, an area that can influence consumer confidence in emerging electric vehicle brands.
Bespoke Logistics provides automotive warehousing, pre-delivery inspection, vehicle transport and stockyard services. Its Philippine operations include technical work conducted within warehouses and inventory-management services for automotive companies.
Bui Viet Hung, VinFast’s deputy chief executive for global aftersales service, said strong infrastructure and dependable aftersales operations were necessary to support the company’s products. He described the agreement as an important step in aligning Philippine distribution and servicing with VinFast’s international standards.
Bespoke Logistics president and chief executive Allan A. Mina said the company would operate the centre according to VinFast’s requirements while expanding the technical capabilities of its workforce. Irineo Niño Fabros, chief executive of VinFast Electric Motorcycles Philippines, represented the manufacturer at the signing ceremony.
The logistics arrangement forms part of a broader strategy to establish an integrated electric motorcycle ecosystem rather than relying solely on vehicle sales. VinFast is expanding its dealership network, service operations and battery-swapping infrastructure across the Philippines.
The company has signed agreements with 14 distributors to develop showrooms in areas including Metro Manila, Cavite, Laguna, Batangas, Metro Cebu and Metro Davao. The initial product range includes the Evo, Feliz II and Viper, which use swappable batteries intended to reduce the time riders spend waiting for vehicles to recharge.
VinFast has also outlined plans for about 30,000 battery-swapping points nationwide through infrastructure partnerships. The proposed network would allow customers to replace depleted batteries with charged units, addressing concerns over charging access, limited residential parking and lengthy charging periods.
Electric motorcycles are viewed as a potentially significant growth segment in the Philippines because motorcycles remain a widely used form of personal and commercial transport. Traffic congestion, fuel costs and demand for affordable mobility have encouraged manufacturers to introduce more battery-powered models.
However, market expansion depends on more than vehicle availability. Buyers require accessible repair centres, reliable battery supplies, trained technicians and confidence that spare parts will remain available. The Carmona operation gives VinFast a high-capacity facility for handling these requirements before its motorcycle business reaches larger scale.
The move also reflects VinFast’s increasing focus on Asian markets. The Vietnam-based manufacturer has expanded its vehicle and mobility operations across the Philippines, Indonesia and other regional economies through local dealers, logistics companies and infrastructure partners.
Its Philippine presence already includes electric cars and the Green GSM electric taxi service. VinFast has also worked with charging infrastructure operator V-Green as it attempts to build connected transport, energy and servicing networks around its vehicles.
The company’s international strategy has shifted towards markets where motorcycles, compact vehicles and urban transport services offer a larger potential customer base. Its product portfolio includes electric sport utility vehicles, scooters, bicycles and buses, allowing it to compete across several transport categories.
The Carmona facility’s storage capacity gives VinFast room to handle imports and deliveries beyond its initial motorcycle launch. Centralised inspection and preparation could also help the company maintain consistent standards while its retail network expands across geographically dispersed markets.
MANILA, PHILIPPINES – Media OutReach Newswire – 18 July 2026 – Global electric vehicle company VinFast has officially signed a strategic cooperation agreement with Bespoke Logistics, a Philippine provider of end-to-end automotive logistics solutions, to establish an integrated mobility processing center and authorized service workshop for the inspection and preparation of VinFast electric motorcycles prior to delivery. The partnership will help ensure vehicle quality, shorten delivery lead times, and lay a solid foundation for VinFast’s expanding electric motorcycle ecosystem in the Philippines.
Mr. Irineo Niño Fabros, CEO of VinFast Electric Motorcycles Philippines (left), and Mr. Allan A. Mina, President and CEO of Bespoke Logistics, at the signing ceremony.
Under the agreement, Bespoke Logistics will operate an integrated mobility processing center and VinFast-authorized service workshop, responsible for warehousing, vehicle inspection, technical preparation of electric motorcycles prior to delivery, vehicle yard management, and transportation. Located in Carmona City, Cavite Province, the 20,000-square-meter facility has a storage capacity of up to 30,000 vehicles, helping streamline vehicle preparation, improve operational efficiency, and ensure product quality before delivery to customers.
As part of the partnership, VinFast will work closely with Bespoke Logistics to implement technician training and certification programs, transfer standardized operating procedures and quality control processes, and establish a parts supply system to support aftersales operations.
Bespoke Logistics specializes in automotive logistics, offering an end-to-end service portfolio that includes pre-delivery inspection (PDI), warehousing, vehicle yard management, transportation, and vehicle delivery. The company also has extensive experience in warehouse-based technical operations and modern vehicle and inventory management systems, serving as a trusted logistics partner for multiple automotive brands in the Philippines.
Partnering with experienced local companies such as Bespoke Logistics will not only strengthen VinFast’s logistics and service capabilities in the Philippines but also provide a strong operational foundation for the delivery of its first electric motorcycles to customers.
The agreement forms part of VinFast’s long-term strategy to develop a comprehensive, international-standard electric motorcycle ecosystem in the Philippines. Alongside the launch of its diverse lineup of battery-swapping electric motorcycles, VinFast is steadily expanding its distribution network, aftersales services, and battery swapping infrastructure to deliver a seamless, convenient, and reliable ownership experience for customers.
Mr. Bui Viet Hung, VinFast Deputy CEO of Global Aftersales Service, said: “At VinFast, world-class products must be supported by robust infrastructure and exceptional aftersales services. Our partnership with Bespoke Logistics is a key milestone in strengthening our distribution and aftersales capabilities in line with global standards, ensuring that customers in the Philippines enjoy high quality products and services from day one of ownership.”
Mr. Allan A. Mina, President and CEO of Bespoke Logistics said: “We are proud to partner with VinFast as it develops its electric motorcycle ecosystem in the Philippines. We are committed to operating the facility in accordance with VinFast’s international standards while continuously enhancing our team’s capabilities and operational processes to support the brand’s long-term growth in the market.”
Over the past few years, VinFast has steadily built a green mobility ecosystem across the Philippines, Indonesia, India, and other international markets through strategic partnerships with local companies and ecosystem partners such as Green GSM and V-Green. In addition to electric motorcycles, VinFast is expanding its product portfolio to include electric cars, electric bicycles, and electric buses, providing consumers with more sustainable mobility options while accelerating the global transition to greener transportation.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
About About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) company with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses.
VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally while expanding its production footprint with a focus on key markets across North America, Europe, the Middle East and Asia.
Bespoke Logistics is a Philippine-based automotive logistics, warehousing, and mobility solutions company specializing in vehicle processing, stockyard management, electric vehicle support services, transportation, and distribution.
Through its Mobility Processing Center platform, Bespoke Logistics provides integrated solutions for automotive manufacturers, distributors, and emerging mobility brands operating in the Philippines.
Dubai Investments has agreed to acquire the remaining 80 per cent of Clemenceau Medical Center in Dubai, placing the specialist hospital under the full ownership of the diversified investment group. The transaction will be completed through Dubai Investments Industries LLC, a wholly owned subsidiary, under a non-cash arrangement with the medical centre’s two other shareholders. Khansaheb Investment LLC will transfer its 55 per cent holding, while Clemenceau […]
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