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Officials and defence analysts indicate that the refusal centres on highly sensitive software governing the aircraft’s Active Electronically Scanned Array radar, mission computer architecture and the SPECTRA electronic warfare suite. These components underpin the Rafale’s operational edge, enabling advanced targeting, threat detection and real-time combat adaptability. Without access to underlying code, local engineers face restrictions in modifying or upgrading the systems independently.

The development comes at a time when the Air Force is seeking greater flexibility to integrate indigenous weapons, sensors and software into imported platforms. The Rafale fleet, inducted under an intergovernmental agreement signed in 2016, is widely regarded as one of the most capable multirole assets in service. However, the absence of deep software access limits the scope for customisation beyond manufacturer-approved pathways.

Defence planners have long sought to reduce reliance on foreign vendors for mission-critical technologies, particularly software-defined systems that determine how aircraft perform in evolving combat scenarios. The inability to access core programming frameworks means that even incremental upgrades—such as adapting radar modes or integrating new missile systems—must be routed through the original manufacturer, potentially adding time, cost and operational constraints.

French authorities have maintained that certain technologies embedded within the Rafale are protected by stringent export controls and intellectual property safeguards. Industry sources suggest that this position reflects a broader policy followed by advanced aerospace manufacturers, who rarely transfer full software control of high-end combat platforms. Such restrictions are often justified on grounds of security, technological advantage and contractual obligations tied to proprietary systems.

For New Delhi, the issue extends beyond a single aircraft programme. It underscores a structural challenge in defence procurement, where imported platforms may offer cutting-edge capabilities but limit sovereign control over upgrades and lifecycle management. Analysts argue that the balance between immediate capability acquisition and long-term autonomy has become increasingly complex as modern warfare shifts towards software-centric systems.

The Rafale’s SPECTRA suite, in particular, has drawn attention due to its role in electronic warfare and survivability. Designed to detect, identify and counter threats ranging from radar locks to missile engagements, the system operates through highly classified algorithms. Without access to these algorithms, domestic agencies are unable to independently adapt the suite to emerging threat environments or tailor it to specific operational theatres.

Similarly, the AESA radar’s performance is closely tied to software-defined modes that govern target tracking, electronic counter-countermeasures and situational awareness. Integrating locally developed weapons or sensors requires compatibility at the software level, which becomes challenging when access is restricted. Defence experts note that while some integration is possible through interface agreements, deeper optimisation remains dependent on the original equipment manufacturer.

The issue has also revived debate over the country’s broader push for self-reliance in defence production. Programmes aimed at developing indigenous fighter aircraft, avionics and electronic warfare systems have gained momentum, yet gaps remain in high-end technologies. The Rafale case is being cited by some policymakers as evidence of the need to accelerate domestic research and reduce dependence on external suppliers for core technologies.

At the same time, others caution against overstating the dispute, noting that limitations on source code access are common in international defence deals. They argue that operational effectiveness is not necessarily compromised, as manufacturers continue to provide upgrades and support under contractual arrangements. The Rafale fleet has demonstrated strong performance in exercises and deployments, reinforcing its value as a frontline asset.

Diplomatic considerations are also at play. France has been a key defence partner, with cooperation spanning submarines, helicopters and space technologies. The Rafale agreement itself was seen as a milestone in bilateral ties, reflecting a high degree of strategic trust. Any friction over technology transfer is therefore likely to be managed within the broader framework of long-standing cooperation.

Industry observers point out that negotiations over technology access often involve trade-offs between cost, capability and control. Full access to source codes would significantly alter the commercial and strategic dynamics of defence exports, potentially affecting pricing structures and intellectual property protections. As a result, such concessions are rarely granted, even to close partners.

The episode highlights a growing reality in modern military aviation, where software defines capability as much as hardware. Control over code translates into control over upgrades, interoperability and operational doctrine. For countries seeking to maintain strategic autonomy, this raises fundamental questions about how to structure future procurement and development strategies.

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.

The vessels, loaded with LPG cargoes, are following a path similar to that taken by earlier ships that received clearance to transit the narrow waterway. Industry observers say hugging the Iranian side of the strait may reflect efforts to minimise exposure to potential risks amid heightened scrutiny of maritime movements in the region. The Strait of Hormuz, through which a significant share of global oil and gas exports passes, has long been vulnerable to disruption during periods of political friction.

Shipping analysts note that the altered routing strategy has become more visible as operators weigh safety considerations against the need to maintain steady energy flows. The decision to steer closer to Iran’s coast does not necessarily indicate a change in official navigation guidelines but highlights the adaptability of commercial shipping in response to perceived threats. Maritime insurers and charterers have been closely monitoring developments, with premiums and risk assessments adjusting in line with evolving conditions.

India’s reliance on imported LPG has grown steadily over the past decade, driven by expanding domestic consumption and government-backed programmes aimed at increasing access to cleaner cooking fuels. As a result, uninterrupted maritime supply chains are critical for meeting demand. The movement of Indian-flagged vessels through Hormuz carries added significance given the country’s position as a major energy importer and its exposure to volatility in global shipping lanes.

The route taken by these vessels follows earlier transits that were understood to have been cleared through established maritime coordination channels. While no formal restrictions have been imposed on passage through the strait, heightened alert levels in surrounding waters have prompted shipowners to adopt precautionary measures. These include adjustments to sailing speeds, increased onboard vigilance, and coordination with naval authorities in the region.

Tensions in West Asia have periodically raised concerns about the security of shipping through Hormuz. Episodes involving vessel seizures, drone activity, and naval manoeuvres have reinforced the strategic sensitivity of the waterway. Although large-scale disruptions have been avoided, even limited incidents can have ripple effects across global energy markets, influencing freight rates, insurance costs, and delivery schedules.

Market participants indicate that LPG shipments have remained largely uninterrupted, but logistical complexities have increased. Charter rates for gas carriers have shown signs of volatility, reflecting both demand dynamics and risk premiums associated with transiting high-risk zones. Traders and refiners are factoring in longer voyage times and potential delays when planning cargo movements.

Officials and industry executives emphasise that international maritime law guarantees freedom of navigation through straits used for international transit, including Hormuz. However, the practical execution of that principle often depends on the prevailing security environment. Naval patrols by regional and international forces continue to play a role in deterring threats and ensuring safe passage for commercial vessels.

Energy analysts point out that India sources LPG from multiple suppliers, including producers in West Asia and beyond, making the Hormuz route indispensable. Any sustained disruption could have implications for domestic supply chains, pricing, and inventory management. At the same time, diversification strategies, including alternative sourcing and storage capacity expansion, are being explored to mitigate potential risks.

The movement of the two LPG carriers also reflects broader trends in global shipping behaviour, where operators increasingly rely on real-time intelligence and data analytics to inform routing decisions. Advances in vessel tracking and communication technologies have enhanced situational awareness, enabling more responsive navigation strategies in sensitive regions.

Shipping companies have also strengthened coordination with flag states and port authorities to ensure compliance with safety advisories and regulatory requirements. Crew training and contingency planning have gained prominence, with a focus on preparedness for a range of scenarios, from mechanical issues to security incidents.

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.

Small and medium-sized enterprises (SMEs), which form the backbone of most economies, are particularly vulnerable. The WEF’s 2024 Global Cybersecurity Outlook[2]highlights that limited access to cyber services, tools and skilled talent continues to hinder smaller organisations from achieving even baseline resilience, an increasingly urgent concern in today’s highly interconnected digital ecosystem. As a result, SMEs are often more exposed to common risks such as accidental data leaks and unpatched vulnerabilities in the software and open‑source components used to build modern digital applications.

To help address these challenges, three homegrown companies from Singapore, AgileMark, Scantist and StrongKeep are pioneering technologies that make cybersecurity more accessible and effective for businesses, including SMEs without dedicated security teams. Their solutions focus on strengthening data loss protection and mitigating risks from human behaviours like screen photography and unsafe network use, uncovering hidden vulnerabilities in software systems, and simplifying the adoption of essential security measures through easy-to-deploy platforms.

These companies are supported by the S$20 million CyberSG Talent, Innovation and Growth Collaboration Centre (TIG Centre), a joint initiative between the National University of Singapore (NUS) and the Cyber Security Agency of Singapore (CSA). The TIG Centre works closely with cybersecurity companies and start-ups to co-develop solutions that help organisations stay ahead of emerging threats while enabling the safe and confident adoption of new technologies.

“Many businesses today, especially SMEs, face escalating cyber risks but often lack the resources to protect themselves effectively. In Singapore, online scams and ransomware attacks continue to be key concerns. At the same time, advances in AI are transforming both cyber threats and cybersecurity and rapidly expanding the attack surface of enterprises. Through the CyberSG Talent, Innovation and Growth Collaboration Centre, we support innovators developing practical solutions to address these challenges, and bring Singapore’s most promising cybersecurity start-ups to the global stage at the RSAC 2026 Conference,” said Mr Willis Lim, Executive Director, TIG Centre.

AgileMark: Preventing data leaks caused by everyday human actions

Many data exposure incidents stem not from sophisticated cyberattacks, but from routine behaviours such as photographing screens, copying sensitive documents or working in unsecured environments.

AgileMark mitigates this risk by introducing visible, dynamic watermarks on corporate screens. These act as behavioural cues to deter unauthorised capture, reinforce employee awareness of data sensitivity, and enable traceability if leaks occur. Designed with a human-first approach, it addresses the reality many SMEs face: limited time, resources and expertise to manage complex tools. By focusing on user behaviour rather than adding new systems, it reduces risk without increasing operational burden. Today, AgileMark protects over 300,000 devices globally, reducing investigation time from weeks to hours and enabling faster response to potential data breaches.

Scantist: Finding security flaws in software before hackers do

As organisations accelerate software development, greater reliance on open-source components and third-party dependencies has increased exposure to supply chain risks and hard-to-detect vulnerabilities.

Scantist provides an AI-powered application security platform that helps organisations manage open-source, software supply chain and AI-related risks across the development lifecycle, from code to deployment. Complementing its defensive capabilities, Scantist also offers an autonomous, agentic penetration testing solution that simulates attacker behaviour, enabling more frequent testing and reducing assessment timelines from days to hours. For SMEs in particular, Scantist makes advanced security testing and risk management more accessible without requiring large in-house security teams, helping businesses strengthen resilience and keep pace with evolving threats in a cost-effective, scalable manner.

StrongKeep: Making cybersecurity simpler and more affordable for SMEs

Many SMEs face barriers to adopting cybersecurity tools due to cost, complexity and the need for specialised expertise.

StrongKeep addresses this challenge with an all-in-one cybersecurity platform tailored for SMEs. The platform integrates essential protections such as device security, website filtering, phishing awareness training and password management into a single, easy-to-use system. Organisations can deploy the platform and begin protecting their systems in under 60 minutes, even without dedicated cybersecurity staff. With subscriptions starting from S$39 per month, the solution enables SMEs to achieve comprehensive protection and compliance up to 10 times faster than traditional approaches.

Showcasing Singapore’s cybersecurity solutions at the RSAC Conference 2026

AgileMark, Scantist and StrongKeep are among eight TIG Centre-supported companies that will showcase their solutions at Singapore’s national pavilion at the RSAC 2026 Conference, held from 23 to 26 March 2026 at the Moscone Center in San Francisco, United States.

Organised by the TIG Centre and SGTech, the leading trade association for Singapore’s tech industry, the Singapore Pavilion underscores Singapore’s role as a cybersecurity innovation hub and a strategic gateway to Asia’s rapidly expanding digital economy.

Hashtag: #cybersecurity #singaporecybersme #CybersgTIG #nusenterprise #NUS

https://www.rsa.cybersg.sg/
https://www.linkedin.com/company/cybersg-tig-collaboration-centre/

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

National University of Singapore (NUS)

The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 16 colleges, faculties and schools across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established more than 20 NUS Overseas Colleges entrepreneurial hubs around the world.

Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, research centres of excellence, corporate labs and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.

For more information on NUS, please visit nus.edu.sg.

NUS Enterprise

At NUS Enterprise, the entrepreneurial heart of the National University of Singapore (NUS), we advance the University as a global magnet for talent and an engine for impactful innovation. We seed ideas, spark innovation, and scale ventures through our distinctive 360° framework, integrating education, ecosystem support, and world-class venture building and investment.

This creates a self-reinforcing cycle powering both educational and entrepreneurial outcomes across industries and communities. Since 2001, NUS Enterprise has nurtured 10 unicorns, over 3,000 start-ups, and 4,300 students. Our ambition: to improve the lives of 1 billion people by 2035.

For more information on NUS Enterprise, please visit enterprise.nus.edu.sg.

The CyberSG Talent, Innovation and Growth Collaboration Centre

The CyberSG Talent, Innovation and Growth Collaboration Centre, established by the Cyber Security Agency of Singapore (CSA) in partnership with the National University of Singapore (NUS), will play a key role in achieving a comprehensive approach to ecosystem development which consolidates and enhances CSA’s existing talent and innovation initiatives. The Centre will enable synergies between cybersecurity talent, innovation and growth industry, by serving as a national node to integrate and create relevant programmes for industry and talent development. It will help build a vibrant cybersecurity ecosystem by bring together industry, academia, individual and government stakeholders to leverage the opportunities posed by digitalisation.

SIM Academy (SIMA), the professional development arm of the Singapore Institute of Management, offers programmes that support several capability areas highlighted in Singapore’s workforce insights. According to SkillsFuture Singapore’s Skills Demand for the Future Economy report, emerging demand is being shaped by growth in the digital, green and care economies, alongside transferable capabilities such as business management and data-related skills. These trends reflect the increasing importance of capabilities such as data and artificial intelligence literacy, cyber resilience awareness, sustainability and ESG knowledge, project management and delivery, as well as risk management and strategic planning. SIMA’s professional development programmes are designed to help working professionals build competencies in these areas as organisations adapt to technological change and sustainability priorities.

Global labour market analysis supports this shift. The World Economic Forum Future of Jobs Report identifies AI and big data, networks and cybersecurity, and technological literacy among the fastest growing skills worldwide as organisations adopt digital technologies and automation.

In Singapore, workforce insights from SkillsFuture Singapore SSG and Workforce Singapore WSG highlight growing demand for skills aligned with the digital, green and care economies, alongside transferable competencies such as project management, risk assessment and digital tool proficiency.

Among the emerging capabilities, data and AI literacy is becoming increasingly important across industries as organisations adopt data driven decision making and artificial intelligence enabled tools. According to the World Economic Forum Future of Jobs Report, AI and big data are among the fastest growing skill areas globally as companies accelerate digital transformation. In Singapore, organisations including small and medium sized enterprises are also exploring practical ways to adopt AI in their operations. To support this need, SIM Academy offers programmes focused on digital innovation and emerging technologies. These include AI.dea: An AI Bridge Programme, developed in collaboration with Singtel, that helps SMEs develop actionable AI adoption strategies and prepare for scalable AI implementation.

Another skill gaining prominence is cybersecurity, which increasingly affects organisations of all sizes and sectors. In Singapore, the growing importance of cybersecurity skills is reflected in national workforce and digital economy priorities. SIM Academy supports capability building in this area through selected programmes for different audiences. These include Cyber Resilience programmes for corporate learners, as well as cybersecurity training offered under the SkillsFuture Career Transition Programme SCTP. Together, these programmes support workforce development in cybersecurity and organisational resilience in an increasingly digital operating environment.

Singapore’s sustainability agenda is also shaping workforce needs. With the government advancing initiatives under the Singapore Green Plan 2030, businesses are strengthening capabilities related to sustainability strategy and ESG practices. SIM Academy offers sustainability focused programmes such as Life Cycle Assessment for Sustainability, which equips professionals with knowledge in LCA frameworks, enhance sustainability decision-making and strategic sustainability and compliance.

Organisations are also prioritising risk management and strategic planning capabilities as they navigate evolving geopolitical, technological and economic uncertainties. SIM Academy’s leadership and management programmes help professionals develop strategic thinking, systems leadership and decision making capabilities relevant to today’s complex business environment.

SIMA offers more than 300 professional development courses across areas such as management and leadership, digital innovation and sustainability. These programmes are designed to support working professionals in upgrading their skills and staying competitive in a rapidly changing economy.

References:

1. SIM Academy Professional Development – https://www.sim.edu.sg/professional-development/overview
2. SIM Academy Course Listings – https://www.sim.edu.sg/professional-development/courses/course-listing
3. Life Cycle Assessment for Sustainable Organisation – https://www.sim.edu.sg/professional-development/courses/course-listing/life-cycle-assessment-for-sustainable-organisations
4. PMP Prep Course – https://www.sim.edu.sg/professional-development/courses/course-listing/project-management-professional-pmp-l4-sfw
5. World Economic Forum Future of Jobs Report – https://www.weforum.org/publications/the-future-of-jobs-report-2025/
6. SkillsFuture Singapore Skills Demand for the Future Economy Report – https://jobsandskills.skillsfuture.gov.sg/insights/sdfe
7. Singapore Green Plan 2030 – https://www.greenplan.gov.sg/
8. SkillsFuture Singapore Green Skills Committee Report – https://www.ssg.gov.sg/newsroom/green-skills-committee-report-identifies-green-skills-and-training-pathways-needed-for-a-low-carbon-economy-/
9. Ministry of Education / SkillsFuture Singapore speech on skills demand – https://www.moe.gov.sg/news/speeches/20250122-opening-address-by-ms-gan-siow-huang-minister-of-state-ministry-of-education-for-the-launch-of-the-skills-demand-for-the-future-economy-report-2025-marina-bay-sands-expo-and-convention-centre
10. MyCareersFuture CareersCompass insights on future skills – https://content.mycareersfuture.gov.sg/futureproof-career-top-demand-skills-2025/

Hashtag: #SIMAcademy #SIMA

https://www.sim.edu.sg/

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

About SIM Academy

SIM Academy provides leading-edge professional development and enterprise solutions. SIM Academy offers over 300 executive and business programmes that help almost 10,000 professionals annually on average hone their competencies to drive business value and achieve peak personal and enterprise performance.

Our programmes encompass a comprehensive range of lifelong learning opportunities designed to empower professionals with the knowledge, skills, and competencies necessary to become effective change-makers and leaders in today’s volatile and uncertain business landscape.

For more information on SIM Academy, visit sim.edu.sg

Phuket is consolidating its reputation as a stable and secure residential destination for international families, driven by rising long-haul connectivity, sustained property demand, and the continued expansion of integrated communities such as Laguna Phuket.

Developers and market observers point to a steady influx of buyers from Europe, the Middle East and parts of Asia, many seeking second homes or relocation options that combine lifestyle appeal with perceived safety and infrastructure reliability. The island’s positioning has strengthened as global travel networks stabilise, with airlines restoring and expanding direct routes that reduce dependence on regional transit hubs.

Property agents report that demand for villas and managed residences has remained resilient despite broader economic uncertainties. Buyers are increasingly prioritising privacy, security and access to international-standard amenities, including healthcare and education, factors that have become central to relocation decisions among globally mobile families. This shift has contributed to sustained price support in premium segments, even as other markets experience fluctuations linked to interest rate pressures.

Laguna Phuket, one of Southeast Asia’s largest integrated resort developments, continues to play a pivotal role in shaping the island’s residential narrative. The area has expanded beyond its origins as a resort complex into a mixed-use community offering branded residences, leisure facilities and infrastructure tailored to long-term living. Industry analysts note that such master-planned developments provide a level of predictability and governance that appeals to foreign buyers navigating unfamiliar regulatory environments.

Thailand’s regulatory framework for foreign ownership remains a key consideration, with condominium purchases offering a more straightforward pathway than landed property. Developers have adapted by structuring projects to align with legal constraints, including leasehold arrangements and managed ownership models. Market participants say this flexibility has allowed Phuket to remain competitive with regional alternatives such as Bali and parts of the Gulf, where regulatory regimes differ but competition for affluent expatriates is intensifying.

Connectivity has emerged as another critical driver. Phuket International Airport has seen a gradual expansion of long-haul routes linking the island to major cities in Europe and the Middle East. Airlines have responded to sustained leisure demand by maintaining seasonal services for longer periods and, in some cases, converting them into year-round operations. This has enhanced accessibility for families seeking to maintain ties with home countries while residing abroad.

Education infrastructure has also expanded, with international schools on the island broadening curricula and increasing capacity. Institutions offering British, American and international baccalaureate programmes have reported rising enrolments, reflecting a more permanent expatriate population rather than short-term visitors. Healthcare services have followed a similar trajectory, with private hospitals investing in facilities and specialist care aimed at international residents.

Security and governance remain central to Phuket’s appeal. Local authorities have emphasised public safety measures and infrastructure upgrades, including road improvements and utilities management, to support population growth. While Thailand’s broader political landscape has seen periods of uncertainty, Phuket’s tourism-driven economy and established administrative structures have provided a degree of continuity valued by investors.

Economic diversification has added another layer to the island’s evolution. Although tourism remains the dominant sector, ancillary industries such as wellness, digital services and remote work hubs have expanded. The rise of remote working has encouraged a segment of professionals to relocate for extended periods, blending lifestyle considerations with employment flexibility. This has reinforced demand for properties designed for year-round occupancy rather than seasonal use.

Pricing dynamics reflect this transition. High-end villa developments and branded residences have seen consistent interest, with some projects reporting strong pre-sales activity. At the same time, mid-market segments have experienced more moderate growth, suggesting a bifurcation driven by buyer profiles. Developers are responding by tailoring offerings to distinct segments, from luxury beachfront estates to compact units suited for remote professionals.

Environmental considerations are increasingly shaping development strategies. Concerns about overdevelopment, waste management and coastal preservation have prompted calls for stricter planning controls. Some projects have incorporated sustainability features such as energy-efficient design and water management systems, aligning with global trends and buyer expectations. Balancing growth with environmental protection remains a challenge, particularly as demand continues to rise.

Competition from other destinations has intensified. Bali has attracted interest with its cultural appeal and relatively accessible property structures, while Gulf cities have promoted tax advantages and large-scale master-planned communities. Phuket’s advantage lies in its combination of established tourism infrastructure, natural assets and a maturing residential market. Analysts note that maintaining this edge will depend on continued investment in connectivity, governance and sustainable development.

The PSEL program is supported by Presidential Regulation (Perpres) No. 109/2025, which governs urban waste management through environmentally sustainable renewable energy solutions.

The initiative begins with the establishment of a verified providers list (Daftar Penyedia Terverifikasi or DPT), a pre-qualification mechanism designed to identify companies with proven track records, strong financial capacity and technical expertise in WtE.

To that end, collaboration with private partners scheme reflects the government’s intention to share risks with the private sector while leveraging its expertise, ensuring that projects are not only delivered but also remain operationally sustainable.

Participation in the DPT is open to single entities and consortiums, both local and foreign, provided their countries maintain diplomatic relations with Indonesia.

In addition, DIM has appointed an independent registration and verification (R&V) agent to ensure a credible and transparent process, ensuring that prospective partners included in the list undergo a structured and transparent evaluation.

“The program is designed to ensure that the establishment of the DPT is carried out in a transparent and systematic manner, in line with good governance principles,” PT Danantara Investment Management said in an official statement.

The submission period for verification documents will run from March 25 to April 25, with DIM set to hold virtual technical discussions (aanwijzing) in two cycles to provide further clarity on technical requirements. The first cycle is scheduled for March 26, followed by the second on April 1. Each cycle will include two sessions to accommodate across different time zones.

While attendance at the aanwijzing sessions is not mandatory, they are expected to serve as an important forum for prospective participants to better understand the application requirements before submitting final documents through the official channel.

Interested companies can write indication of interest by email through [email protected]

For further information, providers may refer to

https://www.danantaraindonesia.co.id/media-center/highlight/dim-waste-to-energy-verified-participants-list-registration-2026

Hashtag: #Danantara

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