Arabian Post Staff -Dubai Daeson Technologies has launched an artificial intelligence-powered compliance co-pilot designed to assist Islamic financial institutions in aligning operations with Shariah principles, signalling a growing push to embed automation within governance frameworks across Gulf banking. The system, branded as a Shariah AI Compliance Co-Pilot, aims to support banks and financial entities in navigating complex religious and regulatory requirements by analysing transactions, contracts and product […]
India has purchased its first shipment of liquefied petroleum gas from Iran in several years, following a temporary easing of United States sanctions on Tehran’s oil and refined fuel exports, signalling a cautious shift in regional energy trade flows. The cargo marks a notable development in India’s energy procurement strategy, which has been shaped by geopolitical constraints since Washington reimposed sanctions on Iran in 2018. The latest […]
Altérra has joined forces with General Atlantic to back Wireless Logic in a deal aimed at expanding infrastructure that supports connected devices across energy, transport and industrial systems, as investors increase focus on digital tools that can improve resource efficiency and emissions tracking. The investment underscores a broader shift in capital markets towards climate-linked digital infrastructure, where connectivity platforms are seen as critical enablers of data-driven optimisation. […]
Arabian Post Staff -Dubai Dubai’s healthcare ecosystem is set for a strategic boost after Dubai Health and Dubai Future District Fund formalised a partnership aimed at building a global health technology launchpad, underscoring the emirate’s ambition to position itself at the forefront of digital medicine and biotech innovation. The agreement, structured as a memorandum of understanding, outlines a framework to accelerate investment, innovation and talent development in […]
OpenAI has moved to shut down its experimental social media platform Sora following mounting scrutiny over the misuse of AI-generated video, including the creation of non-consensual content and increasingly convincing deepfakes that alarmed regulators, creatives and digital safety advocates. The decision comes after months of debate surrounding the rapid adoption of generative video tools, with Sora gaining traction for its ability to produce short-form clips from simple […]
HONG KONG SAR – Media OutReach Newswire – 25 March 2026 – The Department of International Trade Promotion (DITP), Ministry of Commerce, successfully hosted “Thai Night Hong Kong 2026” on 18 March 2026 at the Ballroom, JW Marriott Hong Kong, Hong Kong Special Administrative Region of the People’s Republic of China. The event aimed to foster business networking and promote collaboration between Thai entrepreneurs and international partners in the film and entertainment industry, with over 517 participants from across the global entertainment sector, including investors, content creators, and media representatives.
The event was graciously presided over by Her Royal Highness Princess Ubolratana Rajakanya Sirivadhana Barnavadi, who continues to play a vital role in supporting and promoting Thailand’s film and entertainment industry on the global stage. The occasion also provided a valuable platform for Thai entrepreneurs to expand business opportunities and strengthen international partnerships.
Thai Night Hong Kong 2026 was held alongside the Hong Kong International Film & TV Market (FILMART) 2026, one of Asia’s leading marketplaces for film and television content. The event served as a platform to celebrate the achievements of Thailand’s entertainment industry while showcasing the capabilities of Thai content creators to global buyers, investors, and industry stakeholders.
This year’s event was presented under the theme “Reimagining Thailand”, highlighting Thailand as a comprehensive creative destination for film and entertainment production. The concept reflects the country’s strengths in skilled talent, diverse filming locations, internationally recognized production standards, and advanced post-production capabilities.
The atmosphere of the event was vibrant and dynamic, with participants from various countries engaging in discussions, exchanging insights, and exploring opportunities for co-production and investment within Thailand’s entertainment sector.
In addition, the event featured live performances by Thai entertainment industry players, demonstrating the creativity and production excellence of Thai content. These performances blended contemporary storytelling with cultural identity, leaving a strong impression on international attendees and reinforcing Thailand’s position as a compelling creative partner on the global stage.
The successful organization of Thai Night Hong Kong 2026 reflects growing international interest in Thailand’s entertainment industry and underscores its potential as a key player in the global content landscape. The event also served as an important platform for Thai entrepreneurs to expand their market reach and build sustainable partnerships with international stakeholders.
Hashtag: #DITP
The issuer is solely responsible for the content of this announcement.
Escalating conflict involving Iran is beginning to cast a shadow over the global artificial intelligence race, raising concerns that geopolitical instability could fracture funding networks, disrupt supply chains and alter the trajectory of one of the world’s fastest-growing industries. Capital flows from Gulf sovereign wealth funds have become a critical pillar supporting the expansion of advanced computing infrastructure in the United States and allied economies. These funds, […]
A long-standing barrier to replacing insulin injections with tablets has been challenged by a new scientific advance, raising the prospect of a major shift in diabetes treatment. Researchers at Kumamoto University in Japan have developed a delivery method that allows insulin to pass through the digestive system without being broken down, using a specially designed peptide to escort the hormone across the intestinal wall. The approach addresses […]
TAIPEI, TAIWAN – Media OutReach Newswire – 24 March 2026 – As healthcare systems worldwide accelerate digital transformation, international buyers and healthcare providers are increasingly seeking reliable partners capable of delivering innovative medical technologies, integrated digital solutions, and resilient supply chains. In recent years, Taiwan has emerged as an important hub for medical technology development and manufacturing in Asia.
Combining strong electronics manufacturing capabilities with biomedical engineering expertise, Taiwan has developed a dynamic MedTech ecosystem that continues to draw attention from global healthcare distributors, hospital procurement teams, and system integrators seeking scalable healthcare solutions.
Against this backdrop, Medical Taiwan 2026, organized by TAITRA, will take place June 25–27, 2026, at Taipei World Trade Center (TWTC) Exhibition Hall 1 in Taipei. The exhibition will bring together Taiwanese medical device manufacturers, healthcare technology innovators, and international buyers, offering a comprehensive platform for exploring new technologies and building cross-border partnerships.
Over the past decade, Taiwan has steadily strengthened its position in the global medical device industry. Its well-established electronics sector provides a strong technological foundation for developing advanced healthcare solutions that integrate hardware, software, and data-driven systems. Many Taiwanese companies are particularly known for integrating Information and Communication Technology (ICT) with healthcare applications, supporting the development of smart hospital infrastructure, AI-assisted diagnostics, and connected medical devices designed for modern clinical environments.
Organized by the Taiwan External Trade Development Council (TAITRA), Medical Taiwan 2026 will highlight several major trends shaping the healthcare industry, including digital transformation, aging populations, and the growing demand for efficient healthcare delivery systems. This year’s exhibition focuses on three key themes:
•Innovative Care – Innovations in community and home healthcare solutions
•Smart Healthcare – Driving the future of digital and connected health
•Medical Supplies Hub – Comprehensive solutions for premium medical devices and consumables
Visitors will be able to explore a wide range of technologies, including AI-assisted medical imaging, remote patient monitoring solutions, rehabilitation and assistive devices for aging populations, hospital information system integration, and medical components supported by Taiwan’s strong OEM/ODM manufacturing capabilities.
In addition to product showcases, the exhibition will facilitate business collaboration through One-on-One Procurement Meetings organized by TAITRA, allowing international buyers to connect directly with Taiwanese suppliers based on their sourcing needs.
Medical Taiwan 2026 offers the ideal platform to discover new products, explore procurement opportunities, and stay ahead of global healthcare trends. From June 25 to 27 at TWTC Exhibition Hall 1 in Taipei, the exhibition will bring together industry leaders and innovators shaping the future of healthcare. Register now to secure your spot to visit: (https://www.medicaltaiwan.com.tw/en/index.html)
Hashtag: #TAITRA
The issuer is solely responsible for the content of this announcement.
PRsonaME, an artificial intelligence-driven platform focused on personal branding and leadership positioning, has entered the market with ambitions to reshape how professionals build influence across regions including the Middle East, the United Kingdom and India. The launch reflects a broader shift in corporate and entrepreneurial circles where digital identity and narrative control are becoming as critical as operational performance. The platform positions itself at the intersection of […]
Arabian Post Staff -Dubai Sharjah Asset Management has secured a “Best Place to Work” certification, signalling growing emphasis within Gulf investment entities on employee engagement, corporate culture and organisational wellbeing as competition for talent intensifies across the region. The company, which oversees a diversified portfolio spanning real estate, infrastructure and strategic investments for the Sharjah government, said the recognition reflects sustained efforts to build a supportive and […]
Driving “Attract In” and “Go Global”, Accelerating Hong Kong’s Greentech Ecosystem Development
HONG KONG SAR – Media OutReach Newswire – 24 March 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) today hosted the “Green is Action: GreenTech Hub 1st Anniversary Showcase” at InnoCentre in Kowloon Tong, highlighting the achievements of Hong Kong’s leading hub for green innovation over the past year.
HKSTP held the “Green is Action: GreenTech Hub 1st Anniversary Showcase”, Professor Sun Dong, Secretary for Innovation, Technology and Industry, (middle, front row), Dr Sunny Chai Chairman of HKSTP (5th from Left), and Mr Terry Wong, CEO of HKST (5th from right), together with GreenTech Hub partners attended the celebration ceremony to mark the first anniversary of GreenTech Hub.
In its first year, GreenTech Hub expanded its partner network from 16 to 20 public-private organisations. By facilitating 360 business matching and hosting more than 100 greentech themed events, the GreenTech Hub is injecting new momentum into Hong Kong’s development as an international green technology and green finance centre.
The celebration ceremony for the 1st Anniversary Showcase was officiated by Professor Sun Dong, Secretary for Innovation, Technology and Industry, he said: “The anniversary of GreenTech Hub today is just the beginning. In collaboration with our three major I&T parks, the Government will continue to invest in I&T infrastructure and foster the development of strategic industries, with a view to enhancing the overall I&T ecosystem and promoting interactive development of the upstream, midstream and downstream sectors.”
Dr Sunny Chai, Chairman of HKSTP, remarked, “The first anniversary of GreenTech Hub proves that Hong Kong is where global green innovation converges and scales. We have attracted world-class R&D to the city while enabling homegrown greentech to be deployed worldwide for sustainable development. Through strategic partnerships, HKSTP is forging closer connections between research, industry, capital and real-world application scenarios, accelerating commercialisation and strengthening Hong Kong’s development into an international green technology and green finance hub.”
Leveraging Hong Kong’s Role as a Super-Connector to Bridge the Full Value Chain from R&D to Commercialisation
HKSTP announced the addition of four new partners to GreenTech Hub: CLP Holdings Limited, CTF Services Limited, Invest Hong Kong, and The Hong Kong and China Gas Company Limited, further strengthening Hong Kong’s green technology collaboration network. The GreenTech Hub brings together 20 partners spanning private enterprises, public bodies, universities, and industry associations. This collaborative ecosystem facilitates business opportunities, fosters knowledge exchange and best practices, and bridges financing gaps to expedite green technology development. Furthermore, leading local universities within the partner network offer talent training, testing facilities, and application scenarios for greentech solutions, speeding the journey from R&D to commercial impact.
HKSTP’s greentech ecosystem encompasses over 230 greentech companies, spanning new energy, green building, smart city solutions and green fintech. As the city’s leading collaborative platform for green innovation in the city, GreenTech Hub works closely with its partners to provide comprehensive support for park companies, fast-track the real-world application of green solutions, and further drive the synergistic development of green technology and green finance.
Global Expert Perspectives on Green Trends Alongside a Showcase of Breakthrough Technologies
The event featured a keynote address by Mr. Ethan N. Elkind, Director of the Climate Program at the Center for Law, Energy and the Environment (CLEE) at the University of California, Berkeley School of Law, who shared insights on global green development trends. Representatives from GreenTech Hub partners and park companies also shared their insights during two thematic panel sessions focusing on ecosystem collaboration and global expansion strategies.
To further elevate Hong Kong’s international profile and thought leadership in green technology, HKSTP plans to publish its first-ever research paper focusing on Hong Kong’s greentech ecosystem and energy storage technology in the fourth quarter of this year. GreenTech covers a broad range of areas, including new energy, energy storage and carbon trading, with battery and energy storage technology identified as one of our key focus areas. Given the strong growth potential of this sector, a dedicated research study would provide a more comprehensive review of the industry landscape and help identify the critical success factors needed to accelerate the commercialisation of battery and energy storage technologies.
As a two-way platform, GreenTech Hub has successfully attracted non-local greentech companies to establish a presence in Hong Kong while supporting local greentech ventures in expanding into international markets. Featured breakthrough technology solutions included:
Aurabeat — Award-winning energy-saving sonic air purification technology
Aurabeat has developed EcoSonic, a sonic air filtration technology combining AG+ silver-ion coating with sonic emitters, designed specifically for the commercial and industrial HVAC market. Its patented technology can reduce filter pressure drop by up to 70%, save up to 50% in energy, and improve indoor air quality. The solution has already been deployed in projects including the MTR, Hysan and Marina Bay Financial Centre in Singapore, demonstrating the strength of Hong Kong greentech in overseas markets.
Gotion High-tech — Globally leading new energy solutions
Gotion High-Tech is a world-leading provider of new energy batteries and green energy solutions. Its smart mobile energy storage charging unit, equipped with 209kWh large-capacity energy storage and 150kW high-power fast charging capability, supports a wide range of new energy transport and application scenarios, offering a breakthrough solution for EV charging infrastructure.
Harmony SkyTech — Drone systems, services and industrial application solutions
Harmony SkyTech showcased an electric vertical take-off and landing fixed-wing drone and related application solutions. These can be widely deployed in scenarios including power grid inspection, oil and gas pipeline inspection, surveying and mapping, logistics, and the transport of critical supplies, underscoring the immense potential of green low-altitude technologies.
Lihe Technology — Fully automated AI-powered water quality monitoring backed by national-level R&D
Lihe Technology specialises in environmental monitoring, water management and industrial automation. Its fully automated AI water quality monitoring system enables smart, highly efficient and precise monitoring. Through strategic collaboration with a GreenTech Hub partner, the company has established Hong Kong’s first branch of a National Engineering Research Centre of Advanced Technology and Equipment for Water Environmental Pollution Monitoring — Marine Eco-Tech Innovation Centre, driving the application and development of related technologies in Hong Kong.
One Energy — Electric motorcycles and the world’s first water-cooled fast-charging battery system
One Energy provides a one-stop e-mobility solution covering electric motorcycles, smart battery swapping stations and battery management systems. Its technology effectively shortens energy replenishment time, improves safety and enhances operational efficiency. The company has successfully expanded its footprint into Southeast Asia, Europe and Africa.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP), established in 2001, has built a thriving innovation and technology (I&T) ecosystem in Hong Kong, supporting 12 unicorns, nurturing over 16,000 research talents, and hosting more than 2,400 technology companies from 24 countries and regions specializing in biomedicine, AI and robotics, fintech, and smart city development. HKSTP is dedicated to positioning Hong Kong as an international I&T hub.
To align with Hong Kong’s future development, HKSTP is committed to attracting and cultivating I&T talent, accelerating the commercialization of innovative outcomes, and providing comprehensive support for technology companies and professionals on their innovation journey. Its vibrant I&T ecosystem continues to grow, encompassing Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three InnoParks in Tai Po, Yuen Long, and Tseung Kwan O. These facilities drive advancements in applied technology, focusing on industries such as advanced manufacturing, micro- electronics, and biotechnology, steering Hong Kong toward new industrialization.
Hong Kong Science Park Shenzhen Branch, located in Futian, Shenzhen, leverages the strategic advantage of “support of the Motherland, connecting to the world.” It serves as a bridge for “bringing in and going global,” actively fostering cross-border I&T collaboration. The Shenzhen Branch supports global technology companies and professionals by providing research and collaboration spaces, with a focus on enterprises in seven key sectors: Medtech, big data and AI, robotics, new materials, microelectronics, fintech, and sustainable development.
HKSTP is dedicated to advancing Hong Kong’s I&T development by providing research infrastructure, startup and enterprise support services, professional investment and business expertise, fostering partnership networks, and attracting top talent. These efforts drive innovation as a new engine for economic growth for Hong Kong. More information about HKSTP is available at www.hkstp.org.
Arabian Post Staff -Dubai Abu Dhabi’s social development agenda has gained fresh momentum as the Department of Community Development signed a partnership with Mbank aimed at strengthening the financial resilience of families across the emirate, reflecting a broader policy shift towards preventive welfare and long-term economic stability. The agreement, announced as part of initiatives aligned with the UAE’s Year of Family, focuses on enhancing access to financial […]
Semiconductor chips have moved beyond their traditional role as hardware components to become strategic gateways shaping the trajectory of the global artificial intelligence economy, according to legal and technology analysts tracking the sector’s rapid evolution. At the centre of this shift stands Nvidia, which continues to command a dominant share of the market for graphics processing units used in AI training. Its high-performance chips, particularly those tailored […]
Arabian Post Staff -Dubai Ajman University has introduced a doctoral programme in artificial intelligence, positioning it as a research-intensive offering backed by faculty ranked among the world’s top 0.5% of scientists, as the institution seeks to strengthen its standing in advanced technology education and align with the UAE’s broader digital economy ambitions. The new PhD in Artificial Intelligence is designed to focus on high-impact research across areas […]
SINGAPORE – Media OutReach Newswire – 24 March 2026 – Etiqa Insurance Singaporeand AIA Singapore today announced a strategic distribution partnership to broaden access to Shariah-compliant, values-based Takaful solutions across Singapore. This collaboration marks an important milestone in advancing the Islamic insurance landscape locally and enabling more customers, both Muslim and non-Muslim alike, to benefit from ethical, transparent and socially responsible financial solutions.
Under the partnership, Etiqa Insurance Singapore’s suite of Shariah-compliant Family Takaful products will be distributed through AIA Singapore and AIA Financial Advisers, the nation’s largest tied distribution channel comprising more than 6,300 highly professional, qualified AIA insurance representatives. This expanded reach significantly increases accessibility and choice for customers seeking principled and values-aligned protection and savings options.
Growing Demand for Values-Based Financial Solutions
Global demand for Takaful continues to rise as consumers increasingly prioritise financial solutions aligned with their personal values. The global Takaful market is projected to grow from US$36.5 billion in 2025 to US$63.6 billion by 2030, representing a compound annual growth rate (CAGR) of 11.7%[1]. Since launching its Takaful offerings, Etiqa Insurance Singapore has seen strong and accelerating momentum, supported by rising consumer awareness and growing confidence in Shariah-compliant financial protection.
Creating a Unified Takaful Ecosystem in Singapore
The partnership brings together the complementary strengths of both insurers to build a more cohesive and accessible Takaful ecosystem:
Etiqa Insurance Singapore — The pioneer in reintroducing Takaful insurance to Singapore after more than a decade, with deep expertise and a dedicated Shariah advisory framework.
AIA Singapore — One of the nation’s leading life and health insurers with extensive distribution capabilities, broad community reach and a diverse customer base.
Together, the two organisations are positioned to significantly expand the availability, understanding and adoption of Takaful solutions in Singapore.
“This partnership marks an important step in advancing access to Shariah-compliant protection and savings solutions in Singapore,” said Claudia Soh, Acting Chief Executive Officer, Etiqa Insurance Singapore. “By leveraging AIA’s extensive distribution network and strong presence within the Muslim community, we can scale Takaful solutions more effectively and reach customer groups that have historically been underserved. As demand for values-aligned financial planning grows, this collaboration reinforces our commitment to inclusive and responsible insurance.”
“This partnership with Etiqa is a pivotal step in our commitment to inclusivity and we are excited to work together,” said Alvin Fu, Chief Distribution Officer, AIA Singapore. “By integrating Etiqa’s Shariah-compliant expertise with our highly professional AIA insurance representatives, we can serve a wider customer base, close protection gaps and help more families live Healthier, Longer, Better Lives.”
Bringing Takaful to the Masses
While rooted in Islamic principles, Shariah-compliant, values-based Takaful solutions serve a broad spectrum of customers and appeal to increasingly values-driven consumers seeking ethical, transparent and socially responsible financial protection and savings solutions beyond the Muslim community.
Beyond distribution, Etiqa Insurance Singapore shares a long-term commitment to raising awareness, understanding and adoption of Takaful solutions across Singapore. Through educational programmes and community engagement initiatives, the partnership aims to enhance financial literacy, deepen understanding of Takaful principles and bring Takaful education directly to underserved communities, empowering consumers to make informed decisions on protection and savings.
The issuer is solely responsible for the content of this announcement.
About Etiqa Insurance Pte. Ltd (Etiqa Insurance Singapore)
Etiqa Insurance Pte. Ltd. (EIPL) is a life and general insurance company licensed and regulated by the Monetary Authority of Singapore and governed by the Insurance Act 1966. Having protected customers in Singapore since 1961 under the name United General Insurance Co. Sdn. Bhd., the company transitioned into the Singapore branch of Etiqa Insurance Berhad in 2009. Today, EIPL in Singapore stands as the pivotal operating entity of Etiqa Insurance Group, a leading insurance and takaful provider in ASEAN.
EIPL offers a comprehensive range of life and general insurance products accessible through its diverse distribution channels, including bancassurance, agents, brokers, financial advisers, partnerships, direct and online sales via Tiq by Etiqa. Etiqa is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile. EIPL is owned by Maybank Ageas Holdings Berhad, a joint venture combining local market expertise with international insurance knowledge, with 69% ownership by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group operating across 13 countries.
About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[2], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR[3], and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.
The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$345 billion as of 31 December 2025.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 44 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.
[2] Hong Kong SAR refers to the Hong Kong Special Administrative Region.
[3] Macau SAR refers to the Macau Special Administrative Region.
Microsoft is moving to scale back several artificial intelligence-driven features in Windows 11 while prioritising performance improvements, a shift that reflects mounting user feedback over system slowdowns and intrusive automation tools. The company has indicated that upcoming updates will focus on responsiveness, stability and user control, marking a departure from an aggressive push to embed AI across the operating system. The recalibration comes after months of criticism […]
Duos Edge AI has expanded its footprint in Texas with the launch of a second edge data centre in Amarillo, signalling a push to localise artificial intelligence infrastructure and reduce latency for enterprise users in underserved regions. The new facility, announced this week, is designed to support high-performance computing workloads that require rapid data processing at the network’s edge, including real-time analytics, computer vision and industrial automation. […]
Korean artificial intelligence startup Upstage is in discussions to acquire around 10,000 advanced AI accelerators from Advanced Micro Devices as it seeks to scale domestic computing capacity and reduce reliance on overseas infrastructure, signalling an intensifying race to secure high-performance hardware in Asia’s AI sector.
The proposed deal centres on AMD’s latest data centre-grade accelerators, designed to rival dominant offerings in the global AI chip market. Upstage, known for its large language model development and enterprise AI services, is positioning the potential purchase as a step towards building sovereign computing capabilities within Korea, where demand for generative AI infrastructure is rising sharply across finance, manufacturing and public-sector applications.
People familiar with the discussions indicate that the scale of the planned acquisition reflects both immediate computational needs and longer-term ambitions to establish a domestic AI ecosystem capable of training and deploying advanced models without depending heavily on foreign cloud providers. The move aligns with broader efforts in several countries to localise AI infrastructure amid geopolitical concerns and supply chain constraints.
AMD has been expanding its footprint in AI hardware as companies seek alternatives to entrenched suppliers. Its latest accelerators, part of the MI300 series, are designed to handle large-scale model training and inference workloads with improved memory bandwidth and energy efficiency. Industry analysts view Upstage’s interest as a sign that AMD’s strategy of targeting hyperscalers and emerging AI players is gaining traction beyond North America.
Upstage has grown steadily since its founding, focusing on document processing, natural language understanding and enterprise automation. Its proprietary models have been deployed across industries including banking and legal services, where demand for domain-specific AI solutions continues to expand. Executives at the company have previously emphasised the need for greater control over computing resources, citing cost volatility and limited access to high-performance GPUs as barriers to scaling.
Securing a large volume of accelerators could enable Upstage to train more advanced models locally while offering competitive AI services to regional clients. It also positions the company to compete with larger global players that benefit from extensive infrastructure investments. Market observers note that access to compute power has become a defining factor in the AI race, with startups increasingly seeking direct hardware procurement rather than relying solely on cloud-based capacity.
The discussions come amid tightening supply conditions for AI chips, driven by surging demand from technology firms, research institutions and governments. Export controls and trade restrictions have further complicated access to advanced semiconductors, prompting countries in Asia and Europe to accelerate domestic capacity-building initiatives. Korea, home to major semiconductor manufacturers, has been exploring strategies to strengthen its position across the AI value chain.
Government-backed initiatives have aimed to support AI development through funding, talent programmes and infrastructure investments. The potential deal between Upstage and AMD reflects private-sector momentum complementing these policy efforts, as companies seek to capitalise on the growing importance of AI across economic sectors.
Competition in the AI hardware market has intensified as AMD, Intel and other players attempt to challenge established leaders. While Nvidia maintains a dominant position, particularly in training large language models, customers are increasingly evaluating alternative suppliers to diversify risk and manage costs. AMD’s recent partnerships with cloud providers and enterprise customers highlight a shift towards a more competitive landscape.
Analysts caution that large-scale procurement of accelerators involves significant logistical and operational challenges, including data centre readiness, energy consumption and integration with existing software frameworks. Upstage would need to invest in infrastructure and engineering capabilities to fully utilise the hardware, particularly if it aims to build a self-sufficient AI platform within Korea.
At the same time, the strategic implications extend beyond a single company. A successful deployment of large-scale compute resources by Upstage could encourage other regional players to pursue similar investments, contributing to a broader decentralisation of AI development. This trend could reshape how AI capabilities are distributed globally, reducing the concentration of computing power in a handful of technology hubs.
Luxury hotels across Thailand are cutting prices and pivoting towards domestic travellers as geopolitical tensions and security concerns disrupt international tourism flows, weakening one of the country’s most dependable economic pillars.
High-end resorts along the Andaman coast and landmark properties in Bangkok have introduced significant discounts, extended stay packages and exclusive local offers to offset a slowdown in foreign arrivals. Industry executives describe a shift in booking patterns, with cancellations rising in key long-haul markets and advance reservations thinning compared with earlier projections.
Tourism has long been central to Thailand’s economic model, contributing a substantial share of gross domestic product and supporting millions of jobs. The luxury segment, in particular, relies heavily on affluent visitors from Europe, the Middle East, China and North America, many of whom plan trips months in advance. Heightened regional tensions and broader global uncertainties have altered those patterns, prompting travellers to reconsider long-haul leisure plans.
Hotel operators report that destinations such as Phuket, Krabi and Koh Samui—traditionally magnets for premium travellers—have experienced a noticeable drop in occupancy rates at the top end of the market. In Bangkok, riverside hotels and internationally branded properties are also seeing softer demand from overseas guests, especially in the high-spending segments that underpin profitability.
To cushion the impact, hotels have rolled out targeted campaigns aimed at residents and expatriates. Weekend staycation deals, dining credits, spa packages and family-oriented promotions have become more prominent. Some properties are offering discounts of 20 to 40 per cent compared with standard peak-season rates, while others are bundling experiences to maintain revenue per guest despite lower room prices.
Industry analysts say the strategy reflects both necessity and opportunity. While domestic travellers typically spend less than international tourists, their presence can help maintain occupancy levels, keep staff employed and sustain ancillary revenue streams such as food and beverage services. Hotels are also leveraging loyalty programmes and partnerships with local banks and airlines to attract repeat customers.
Executives within major hospitality groups indicate that flexibility has become essential. Pricing is being adjusted more frequently in response to shifting demand signals, and marketing efforts are increasingly focused on short-haul markets that may be less sensitive to geopolitical developments. Regional travellers from Southeast Asia and parts of South Asia are being courted alongside domestic guests.
The slowdown in foreign arrivals is not uniform across all markets. Some segments, including travellers from neighbouring countries, continue to show resilience, though not enough to fully offset declines from traditional long-haul sources. Chinese outbound tourism, a key driver before the pandemic, remains uneven, adding another layer of uncertainty for hotel operators.
Government agencies have sought to reassure visitors by emphasising safety measures and the country’s established tourism infrastructure. Promotional campaigns highlighting cultural attractions, wellness tourism and culinary experiences are being amplified to sustain Thailand’s global appeal. However, industry participants acknowledge that external factors—particularly geopolitical tensions—are largely beyond their control.
Airline capacity and flight connectivity also play a critical role. Any reduction in routes or frequency can quickly translate into fewer arrivals, affecting hotel bookings across the spectrum. Conversely, competitive airfares and improved connectivity could help stimulate demand once conditions stabilise.
Luxury hotel operators are also reassessing cost structures to preserve margins. Energy efficiency initiatives, staffing adjustments and renegotiation of supplier contracts are among the measures being implemented. At the same time, there is caution against excessive discounting that could dilute brand positioning in the long term.
Tourism experts note that Thailand has demonstrated resilience in past crises, including political unrest, natural disasters and global health emergencies. Recovery patterns have often been swift once external conditions improve, supported by strong brand recognition and diversified tourism offerings.
The current environment, however, underscores the vulnerability of high-end hospitality to global shocks. Dependence on international travellers exposes the sector to sudden demand fluctuations, prompting calls for a more balanced mix of domestic and regional tourism.
Hotel groups are increasingly investing in digital marketing and data analytics to better understand changing consumer behaviour. Personalised offers, dynamic pricing models and targeted advertising campaigns are being used to capture demand in a more competitive landscape.
Arabian Post Staff -Dubai Operations at a major natural gas processing facility in Abu Dhabi have resumed following a disruption that forced a temporary halt to supplies critical for domestic energy needs, while much of the country’s liquefied natural gas output remains curtailed. The plant, regarded as one of the largest gas processing hubs in the United Arab Emirates, plays a central role in supplying fuel for […]
Remote working has emerged as a key vulnerability in the UAE’s digital landscape, prompting authorities to warn of a sharp rise in cyber attacks targeting individuals operating outside traditional office networks. The UAE Cyber Security Council has called on employees working from home to act as the “first line of defence”, stressing that human error and weak personal security practices are increasingly being exploited by cybercriminals. Officials […]
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 23 March 2026 – On March 20, 2026, in Ho Chi Minh City, Vincom Retail hosted the event “The New Era – Partnering to Shape the Future”, welcoming more than 500 domestic and international partners. The large-scale forum served as a platform for stakeholders to exchange market perspectives, update on emerging trends, and explore collaboration opportunities as Vietnam’s retail sector enters a new growth cycle.
The event brought together 500 key partners, including leading international retail brands such as UNIQLO, MUJI, Decathlon, Pandora, CGV, AEON Beta Cinema, SuperPark, KOHNAN, Central Retail, WinMart, Starbucks, Dookki, Guardian, and MEDICARE, alongside major domestic brands and chains including ACFC, Maison, Phoenix Group, Golden Gate, Aladdin Group, Takahiro, RuNam, Highlands Coffee, and The New Playground…
At the event, Vincom Retail’s leadership emphasized the rapid transformation of the retail industry, where shopping malls and commercial streets are evolving beyond traditional retail spaces to become lifestyle destinations. These destinations integrate immersive experiences, foster community connections, and lead modern consumption trends. This shift reflects changing consumer behavior, with a growing preference for experience, emotion, and interaction over mere purchasing and ownership.
Setting the direction for future growth, Vincom Retail unveiled its strategic vision toward 2030, focusing on developing world-class destinations. The company aims to position itself as a leading retail real estate developer and operator in Asia, setting benchmarks in trend leadership and customer experience, with a diverse and expansive asset portfolio and an extended international footprint supported by a global ecosystem. This unique platform enables pioneering brands and concepts to converge and co-create breakthrough experiences, many of which are being introduced in Vietnam for the first time, delivering fresh value to consumers while shaping the future of retail and establishing new regional standards.
In terms of product strategy, Vincom Retail is focusing on two core formats. Vincom Mega Mall is positioned as a “Mega Shoppertainment Destination”, a large-scale experiential hub that leads market trends. Meanwhile, Vincom Collection is developed as a “Retail-tainment Destination”, combining shopping and tourism, built around five key pillars: Play – Discover – Shop – Savor – Relax.
A prime example is the “super destination” model integrating Retail – Tourism – Entertainment at Vinhomes Green Paradise Can Gio, featuring 15 next-generation retail complexes. Among them, Vincom Mega Mall Can Gio and Vincom Collection Cosmo Bay are the first projects to be unveiled, promising multi-layered experiences that harmonize with nature and prioritize sustainable operations.
Beyond strategic insights, the forum also featured real-world success stories and forward-looking perspectives from pioneering brands that have helped shape Vietnam’s evolving experiential retail landscape. Mr. Vu Ngoc Thuan, Founder of restaurant chains Longwang, Tianlong, Bo To Quan Moc, and GMaster, shared: “Partnering with platforms like Vincom provides a strong launchpad for brands to accelerate growth, expand further, and professionalize according to international standards.”
Mr. Shin Jae Hyuk, representative of Dookki, also highlighted growth strategies to capture market opportunities: “Together with our trusted partner Vincom, we will continue to create new milestones for Vietnam’s F&B market. Our goal is not only to sell tteokbokki, but to deliver the joyful culture of Korean cuisine to customers at an accessible price point.”
Vincom Retail plays a critical role as a developer, platform, and connector, bringing international brands to Vietnam while supporting Vietnamese brands in their journey to expand globally.
Additionally, SuperPark, a global indoor activity park brand, shared insights into the development of family-oriented active entertainment, one of the fastest-growing trends in next-generation shopping malls. These real-world examples highlight the strong opportunities for brands to collaborate with Vincom Retail to scale operations, develop innovative retail concepts, optimize performance, and enhance customer experience.
As the market enters a new phase of growth, the event not only facilitated strategic dialogue but also strengthened sustainable partnerships between Vincom Retail and its stakeholders. As a market pioneer, the company continues to support brands in scaling up, elevating business models, and capturing long-term growth opportunities. Notably, emerging super destinations such as Can Gio – envisioned as a future national tourism hub – are expected to serve as powerful growth drivers, contributing to the transformation of Vietnam’s retail landscape.
Vincom Retail is currently the largest retail real estate developer in Vietnam and ranks among the top three in Southeast Asia by scale. The company operates 90 shopping malls with a total gross leasable area of 1.9 million square meters, and manages 5,500 shophouses totaling 1.5 million square meters across 31 out of 34 provinces and cities nationwide, partnering with more than 1,000 brands.
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