India’s software stocks have recorded their strongest weekly rally in 18 years, sharply outperforming global semiconductor shares as investors reassess artificial intelligence valuations and respond to improving earnings from major technology services companies.
The Nifty IT index climbed 11.7% during the week ended Friday, October 16, its biggest weekly advance since 2008. Meanwhile, an MSCI index tracking global semiconductor companies had fallen approximately 7.4% during the week, putting software exporters on course for their widest relative outperformance since 2004.
The divergence reflects a significant change in investor sentiment towards technology businesses. Semiconductor manufacturers, previously among the biggest beneficiaries of enthusiasm surrounding artificial intelligence, have faced selling pressure amid concerns about infrastructure spending, financing costs and the sustainability of earnings growth.
Software services companies, meanwhile, have attracted renewed interest following quarterly results that suggested corporate technology expenditure was stabilising. Investors have also responded to comparatively modest valuations after a prolonged period of weakness in the sector.
HCL Technologies helped initiate the recovery after reporting stronger quarterly performance and raising its full-year revenue growth guidance. Its shares surged 8.4% on Tuesday, their biggest single-session advance in more than six years, while the broader technology index gained 5.2%.
The company reported quarterly net profit of approximately Rs51.32 billion, representing growth of 10.9%. Revenue increased 2.3% sequentially to Rs356.2 billion, supported partly by demand for engineering and research services.
HCL Technologies also disclosed advanced artificial intelligence revenue of $219 million, indicating that established outsourcing companies are beginning to generate identifiable income from technology that investors had previously viewed principally as a competitive threat.
Tech Mahindra reinforced the positive sentiment with quarterly revenue growth of 2.4%, reaching approximately Rs161.8 billion. Net profit rose 8.3% to Rs16.1 billion, supported by improvements in its communications business.
Wipro shares also advanced after the company reported quarterly revenue of Rs247.53 billion, exceeding market expectations. However, its deal bookings declined 45% from a year earlier to $2.6 billion, highlighting continued uncertainty surrounding demand for outsourcing contracts.
Wipro projected constant-currency revenue growth ranging from a decline of 1.5% to an increase of 0.5% for the following quarter. Management indicated that two delayed large contracts could be finalised, although their completion remains uncertain.
The contrasting figures illustrate why analysts remain cautious about treating the market recovery as evidence of a sustained improvement across the entire technology services industry.
Investors have nevertheless become increasingly sensitive to the valuation differences between software exporters and semiconductor manufacturers. Shares linked to artificial intelligence infrastructure had commanded substantial premiums based on expectations of expanding demand for processors, memory and computing capacity.
Those assumptions have come under pressure as investors question whether technology companies can generate sufficient returns from enormous commitments to data centres and related infrastructure.
Higher bond yields have compounded those concerns by increasing financing costs for capital-intensive businesses. Inflation pressures in the United States have also revived expectations that monetary policy could remain restrictive, reducing enthusiasm for highly valued growth stocks.
Semiconductor companies including Nvidia, Broadcom and Advanced Micro Devices have faced broader selling pressure, alongside memory manufacturers and businesses supplying artificial intelligence infrastructure.
However, the reversal does not necessarily indicate deteriorating demand for computing hardware. Analysts distinguish between concerns about share valuations and the underlying commercial requirements for advanced processors.
Software exporters face different challenges. Generative artificial intelligence could automate programming, testing and customer support functions, potentially reducing the labour-intensive contracts underpinning traditional outsourcing revenues.
At the same time, businesses adopting artificial intelligence require integration, cybersecurity, cloud management and technology consulting services, creating opportunities for established providers.
The balance between these competing forces remains important for revenue forecasts and profitability expectations.
Friday’s trading demonstrated the strength of the rotation. The Nifty IT index rose 3.9% to close around 31,924 points, while the broader Nifty 50 gained approximately 0.7% to 23,146.
The Sensex finished at 74,729, contributing to the benchmark indices’ strongest weekly performance in six months.
Despite the rebound, technology shares remain below their earlier peaks. Wipro had lost nearly 32% during the year before Friday’s close, compared with a decline of approximately 17% for the broader technology index before the week’s recovery.
Cybersecurity researchers have identified more than 20,000 Cloudflare Pages subdomains used by a longstanding operation that redirects internet users to fraudulent technical support centres. Infoblox said its investigation, published on Thursday, linked the Help Traffic Distribution System, or Help TDS, to Hotejka, a Russian-language affiliate programme believed to be a successor to the previously exposed ROI777 network. The assessment rests on historical domain records, shared infrastructure, persistent […]
Federal Reserve chairman Kevin Warsh reinforced expectations of an October pause in US interest rates on Friday, declining to signal another increase despite inflation remaining above the central bank’s target. Speaking during the International Monetary Fund and World Bank annual meetings in Bangkok, Warsh said policymakers remained committed to price stability but would not announce their decisions before the Federal Open Market Committee meets on 27 and […]
32,000+ visitors, RM100,000 in local business revenue and international sporting participation put Sabak Bernam’s unique heritage landscape on the tourism map
SABAK BERNAM, MALAYSIA – Media OutReach Newswire – 16 October 2026 – From a 30-kilometre British-era waterway built to sustain Selangor’s paddy fields to a destination for sport, culture, tourism and community enterprise, Ban Canal is entering a new chapter — and Karnival Ban Canal 2026 is set to take it further.
Returning for its fourth edition from 6 to 8 November 2026 at Ban Canal Parit 14, Simpang Lima, Sabak Bernam, the award-winning Karnival Ban Canal (KBC 2026) is building a distinctive rural tourism platform around the theme Alam * Budaya * Lestari (Nature * Culture * Sustainability).
The festival attracted more than 32,190 visitors in 2025 and generated over RM100,000 in local business revenue. KBC 2026 aims to build on that momentum, attracting visitors from across Malaysia and internationally while creating greater economic opportunities for local communities.
Where heritage meets adventure
KBC 2026 brings together experiences rarely found in a single festival — from the Larian Bendang and fishing competitions to Kanu Slalom featuring international participants from countries including Japan and China, wall climbing and a flying fox spanning the historic Ban Canal.
The festival will also showcase Sabak Bernam’s multicultural heritage through traditional performances, Bual Bicara Malam Jumaat, local food and produce, Platform Selangor (PLATS) entrepreneur showcases, Jualan Eko Tani and nightly entertainment featuring leading Malaysian artists.
The result is more than a weekend festival. It is a platform connecting tourism, local enterprise, culture, sport and community participation, bringing visitors directly into the rural economy.
A growing platform for brands and partners
As visitor numbers and local economic activity grow, KBC 2026 is also emerging as an attractive platform for corporate partners looking to connect with audiences through experiential, community-driven and sustainability-led engagement.
Corporate partners can gain visibility across the festival ecosystem through digital and social media exposure, main-stage LED presence, on-ground branding and opportunities for direct audience engagement.
Sponsorship opportunities are available across Gold, Silver and Bronze partnerships, with scope for brands to develop activations aligned with their marketing, sustainability and community-impact objectives.
For brands looking beyond conventional advertising, KBC offers something different: the opportunity to be part of a growing destination story while putting the brand directly into the experiences of the people who visit it.
From historic waterway to living tourism destination
Ban Canal sits within the transition and buffer zones of the proposed Anjung Utara Selangor Biosphere Reserve (AUSBR) — Selangor’s 297,661-hectare “ridge-to-sea” living-economy nomination under UNESCO.
Originally constructed to channel water to the state’s interior paddy fields, the historic waterway is being reimagined as a platform for eco-tourism, rural enterprise and community development.
Karnival Ban Canal is a tangible expression of that transformation, demonstrating how natural and cultural assets can generate tourism activity, support local businesses and create new economic opportunities while preserving the character of the landscape.
Driven by the Selangor State Government, MBI Selangor, SABDA and the Sabak Bernam District Council (MDSB), KBC 2026 brings together government, communities, businesses, athletes, artists and visitors around a common proposition: that sustainable tourism can be both commercially vibrant and locally meaningful.
As Ban Canal continues its transformation, KBC 2026 offers visitors a reason to discover Sabak Bernam, businesses a platform to engage new audiences, and sponsors an opportunity to become part of a destination with a story that is still being written.
Hashtag: #SABDA
The issuer is solely responsible for the content of this announcement.
SABDA
The Sabak Bernam Development Area (SABDA) is a strategic economic development initiative of the Selangor State Government under Rancangan Selangor Pertama. SABDA seeks to unlock Sabak Bernam’s full economic potential while strengthening Malaysia’s food production, raising local incomes and improving community livelihoods. Its vision is to establish Sabak Bernam as a driver of sustainable economic growth, food security, resilience and environmental stewardship.
Menteri Besar Selangor (Incorporation) (MBI Selangor)
Menteri Besar Selangor (Incorporation) (MBI Selangor) is the strategic investment arm of the State Government of Selangor, mandated to drive sustainable economic growth and long-term value creation for the state.
MBI Selangor plays a central role in catalysing high-impact developments, facilitating strategic partnerships and unlocking the potential of key sectors to strengthen Selangor’s position as a leading economic hub in Malaysia and the region. Its investment focus spans infrastructure, industrial development, energy, digital economy and other priority sectors aligned with the state’s long-term development agenda.
Guided by the aspirations of Rancangan Selangor Pertama (RS-1), MBI Selangor actively supports initiatives that enhance competitiveness, attract quality investments and create meaningful socio-economic opportunities for the people of Selangor.
Through a disciplined and forward-looking investment approach, MBI Selangor is committed to delivering sustainable, inclusive and resilient growth, while strengthening governance, environmental stewardship and stakeholder value across its portfolio.
By Dr. Gyan Pathak Socio-political situation in India is worsening faster than anyone can handle it, even the Judiciary, which is seen as moving at comparatively slower pace in delivering justice in the fight between competing interests. “We hope better sense will prevail on everyone,” said Chief Justice of India (CJI) Surya Kant today October […]
By Arun Srivastava Increased aggressiveness and confrontationist attitude of Union home minister Amit Shah —musing police and state machinery, even denying the Supreme Court’s directive to maintain restraint — to curb students’ protests, has caused immense worry in the social and political circles. Apparently, it is being perceived as a sign of the saffron ecosystem […]
Facebook is introducing artificial intelligence controls that allow users to tell its recommendation system which subjects they want to see more or less often across Feed and Reels. The new feature, called Your Algorithm, allows people to enter their interests in ordinary language rather than relying solely on their viewing habits, reactions and comments to influence the content appearing on their screens. Meta Platforms announced the rollout […]
BMC Helix will bring enterprise technology executives, customers and industry partners together in Dubai on October 22 to examine how artificial intelligence and automation can improve IT operations and service management. The company’s annual roadshow, scheduled at the Museum of the Future, will focus on practical applications of AI-powered ServiceOps, including incident management, workflow automation and the integration of intelligent systems into existing enterprise technology environments. Senior […]
BANGKOK, THAILAND – Media OutReach Newswire – 16 October 2026 – Access to nutritious food remains a critical part of food security. In Thailand, around one in 10 children under five lives in severe child food poverty, while national data show that 13% of children under five are stunted and 7% are underweight, underscoring that food security is not only about having enough food, but also about ensuring consistent access to safe and nutritious diets.
Against this backdrop, Charoen Pokphand Foods Public Company Limited (CPF), in partnership with the Charoen Pokphand for Rural Lives’ Development Foundation, is expanding the “Eggs for Next Gen” program, a long-running school nutrition initiative, to 1,030 schools across Thailand, with 12 new schools joining this year. The expansion builds on nearly four decades of efforts to help children gain regular access to fresh eggs as a source of quality protein, while enabling schools to establish sustainable food production.
Launched in 1989, the program goes beyond providing food for school lunches. Participating schools receive support including poultry houses, equipment, laying hens and feed, together with technical knowledge in animal health, farm management, sanitation, production planning and egg management. Students and teachers gain practical agricultural skills, while schools can use eggs for meals and manage surplus production to generate revolving income that helps sustain future production cycles.
The initiative had reached 1,030 schools across 74 provinces, benefiting more than 229,502 students, 17,447 academic staff and2,690 communities. More than523 persons with disabilitieshave also participated in the programme, which targets approximately28 million eggs per production cycle.
Eggs for Next Gen reflects CPF’s broader view that food security depends not only on producing enough food, but on making nutritious food consistently available, accessible and sustainable over time. By helping schools produce fresh eggs locally, the programme brings quality protein closer to children, supports healthier diets, and builds practical knowledge and capabilities that allow schools to maintain food production beyond a single cycle. In this way, the initiative moves beyond short-term food support toward stronger food self-reliance at the school and community level.
As a global integrated agro-industrial and food company with operations and investments across 17 countries and products distributed in more than 50 countries, CPF advances its “Kitchen of the World” vision by placing food security at the heart of its sustainability strategy. Its global presence helps expand access to food for consumers worldwide, while its approach goes beyond producing sufficient food to strengthen quality and food safety, nutrition, responsible production and sustainable supply chains. Together, these efforts support a more resilient and sustainable food system capable of serving people over the long term.
Kobboon Srichai, Head of Corporate Affairs and Investor Relations at CPF, said:
“For CPF, food security means ensuring that people can access food that is safe, traceable and affordable today and in the future. To achieve this, we need to strengthen the entire food system, from production to access. By combining technology and automation, strong partnerships, and advances in biotechnology and nutrition, we can improve both the quality and resilience of the food system. Eggs for Next Gen demonstrates how these capabilities can be translated into practical impact, improving children’s access to quality nutrition while helping schools and communities build greater food self-reliance over the long term.”
With the program now expanding to 1,030 schools, CPF continues to translate its food expertise into practical action. Supporting healthier children, stronger communities and a more resilient and sustainable food system.
Microsoft and cybersecurity partners have disrupted a global phishing network linked to more than one billion fraudulent messages, targeting infrastructure supplied through the Chinese-language YAM Store marketplace. The operation, announced on Wednesday, involved the seizure and redirection of internet domains supporting YAM Store and two associated phishing services, CoGUI and Iron Man. Microsoft and Health-ISAC obtained an order from the United States District Court for the Southern […]
Planned high-speed rail and road links are expected to bring the city center within 20 to 35 minutes of the 2,870-hectare ESG++ coastal urban area in Can Gio, while on-site schools, healthcare, offices and parks are designed to reduce the number of trips residents need to make.
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 16 October 2026 – Vinhomes is developing Vinhomes Green Paradise, a 2,870-hectare ESG++ coastal urban area in Can Gio, southeastern Ho Chi Minh City, around one measure of location: the time residents spend getting where they need to go.
Vinhomes Green Paradise combines new high-speed rail and road links with a self-contained ecosystem of schools, healthcare, workplaces and green space.
The master plan rests on two pillars. First, new transport infrastructure is expected to shorten journeys to the city center: the Ben Thanh-Can Gio high-speed railway, targeted for commercial operation in the fourth quarter of 2028, is designed to link the area with downtown in about 20 minutes, while the planned Can Gio Bridge and a widened Rung Sac Boulevard are expected to cut drive times to about 35 minutes.
Second, an on-site ecosystem that includes 104 planned schools, an international general hospital, more than 2 million square meters of office space and more than 370 parks is intended to place most daily needs within reach of home.
The approach responds to a shift in how urban households assess where to live. In fast-growing cities, a home only a few kilometers from the workplace can still require hours in traffic each week. For a resident who saves 15 minutes each way, the gain is about 11 hours a month over 22 working days.
Academic research suggests these hours carry real weight. Using German household data from 1985 to 1998, University of Zurich economists Alois Stutzer and Bruno Frey identified what they termed the “commuting paradox”: people with longer commutes consistently reported lower life satisfaction, contrary to the standard assumption that they are fully compensated by higher pay or better housing. By their estimate, a person commuting one hour each way would need roughly 40% more income to be as satisfied as someone with no commute.
In Ho Chi Minh City, where rapid growth has outpaced the expansion of the road network, traffic congestion remains a significant cost to residents and the local economy. For many homebuyers, the relevant question is increasingly not how far a property is from the center, but how long it takes to get there.
Rail and road links expected to bring the city center within 20 to 35 minutes
Two major infrastructure projects are set to change how Can Gio connects with the rest of Ho Chi Minh City. The Ben Thanh-Can Gio high-speed railway is designed to reach the city’s historic center in about 20 minutes, and the Can Gio Bridge, together with an expanded Rung Sac Boulevard, is expected to bring drive times from downtown to about 35 minutes.
Can Gio, home to a UNESCO-recognized mangrove biosphere reserve, has long been reached mainly by the Binh Khanh ferry. The railway, developed by Vingroup company VinSpeed, will run about 54 kilometers with a maximum design speed of 350 km/h. Construction began in December 2025, and commercial operation is targeted for the fourth quarter of 2028. The line will connect Ben Thanh station in central Ho Chi Minh City with Vinhomes Green Paradise.
On the road network, the Can Gio Bridge, scheduled to open in 2029, will replace the Binh Khanh ferry crossing. Rung Sac Boulevard, the main artery to the area, is being widened to up to 10 lanes. Once complete, the two options are expected to give residents a choice between rail for direct trips to the center and road travel for journeys with multiple stops.
International research points to a link between transit access and property values. A study commissioned by the American Public Transportation Association (APTA) and the National Association of Realtors (NAR), which tracked five U.S. metropolitan regions from 2006 to 2011, found that homes within half a mile of high-frequency transit outperformed their wider regions by 41.6% over the period, which included the Great Recession. A 2019 follow-up study found that homes near transit sold at median prices 4% to 24% higher than those farther away.
On-site services designed to reduce the number of daily trips
Beyond the commute, Vinhomes Green Paradise is planned to bring education, healthcare, work, retail and recreation inside the community, so that school runs, medical visits, shopping and exercise require shorter trips or none at all. Key components include 104 planned schools, Vinmec Can Gio International General Hospital, more than 2 million square meters of office space and more than 370 parks and green areas.
Education: The master plan provides for 104 schools, including the Vinschool K-12 system and Brighton College Vietnam, reducing the need for long school runs across the city.
Healthcare:Vinmec Can Gio International General Hospital is being developed with Cleveland Clinic as strategic advisor and is designed around the Cleveland Clinic model of care, offering residents access to international-standard treatment close to home.
Work:More than 2 million square meters of office space is intended to allow residents to work near where they live, as financial and technology businesses establish a presence in the area.
Retail and leisure:Planned amenities include Vincom shopping centers, a 20-hectare premium outlet, the 46-hectare Cosmo Bay dining and entertainment complex, two golf courses covering 155 hectares, the 122-hectare VinWonders theme park and Song Xanh Theater.
Green space:More than 370 parks and green areas are planned to place open space within 500 meters of every residence, linked by walking paths and bicycle lanes. The Trust for Public Land estimates, conservatively, that buyers pay 5% to 15% more for homes within three blocks of a well-maintained park.
The project draws on planning principles that cities such as Copenhagen and Singapore have applied for years: development organized around public transit, mixed land use and walkable neighborhoods. At Vinhomes Green Paradise, high-speed rail, education, healthcare, offices and recreation are being planned together from the outset rather than added incrementally, with the aim of measuring a home’s location by the time it returns to residents. Hashtag: #Vinhomes
The issuer is solely responsible for the content of this announcement.
About Vinhomes
Vinhomes is Vietnam’s largest residential real estate and integrated township developer. The company pioneers the development of synchronized, modern large-scale townships, delivering premium living standards and unlocking sustainable investment opportunities for domestic and international clients.
Arabian Post Staff -Dubai Abu Dhabi developer Aldar Properties has agreed to acquire nine residential buildings in Sharjah from Arada for AED1.1 billion ($300 million), marking its first property investment in the emirate. The forward purchase agreement, announced on Thursday, covers more than 1,100 homes across three residential blocks at Aljada, Arada’s mixed-use development. Arada is scheduled to deliver the buildings in the fourth quarter of 2029, […]
Arabian Post Staff -Dubai Oil prices slipped on Friday as traders assessed possible US sanctions relief for oil tankers against continuing threats to Middle East supplies. Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel by 0012 GMT. US West Texas Intermediate futures declined 54 cents, or 0.55%, to $97.43, reversing part of Thursday’s advance. The decline followed a mixed session in which WTI […]
A claim that a magnitude 6.9 earthquake has struck Japan on Friday, 16 October, remains unverified, with available official seismic records providing no confirmation of a new tremor of that strength. Japan’s earthquake monitoring authorities have recorded seismic activity across the country, but the latest accessible observations do not establish the location, timing or magnitude of the earthquake described in the circulating alert. The National Research Institute […]
KYOTO, JAPAN – Media OutReach Newswire – 16 October 2026 – Q-Games has announced that it will publish Beyond the Dark: Nightwatch, the upcoming horror game from French developer Atlantis Studio, across Asia, and has released a new trailer. It is a two-player asymmetric co-op horror game built around tension, communication, observation and trust.
Players must combine information from their individual perspectives as they work together to escape a haunted house far from civilization. Communication is essential for survival. By sharing information and coordinating their actions, players must overcome the horrors that await them and find a way out. The game also features Troy Baker, the renowned voice actor known for his roles in The Last of Us and Death Stranding. The Nintendo Store page for Asia is scheduled to go live on Thursday, October 22, with the game launching on Nintendo Switch 2 the same day.
ABOUT THE GAME Beyond the Dark: Nightwatch is a two-player horror experience. One player, the Explorer, enters the House in first person, searching for clues, solving mysteries and trying to escape before Gloam finds them. The other, the Overseer, stays behind the cameras, using surveillance systems, documents, and tactical tools to track what is happening and guide their partner.
The game supports couch co-op, GameShare, Local Network, and Online Play. Using GameShare, two players can play together even if the other console is either a Nintendo Switch 2 or a Nintendo Switch.
GAME FEATURES
A Two-Player Horror Experience: Built exclusively for two players, communication is essential for survival.
Asymmetric Exploration: Combine different perspectives to uncover the House’s secrets and stay alive.
An Oppressive Environment: Explore a claustrophobic house filled with hidden threats.
Communication Drives Escape: Share clear instructions, warn your partner of danger and coordinate actions to escape.
GameShare and Co-op: Play together via local co-op, GameShare, Local Network or online play.
BASIC INFORMATION Title: Beyond the Dark: Nightwatch Developer: Atlantis Studio Publisher: Q-Games Genre: Horror / Asymmetric Co-op Mode: 2 Player (Local Co-op, Couch Co-op, GameShare, Local Network, Online Play) Platforms: Nintendo Switch 2 Price: HKD 138 / TWD 490 / JPY 2,480 / KRW 24,000 / MYR 59 / SGD 21.99 / THB 450 / PHP 799 Discord PressKit
Arabian Post Staff -Dubai Governments and state-backed borrowers are increasingly exploring bonds denominated in currencies other than the US dollar as competition for capital drives up financing costs, a senior Citigroup banker said on Thursday. Stephanie von Friedeburg, Citi’s global head of the public sector group, said demand for financing from governments and private companies was placing pressure on available investment capital, with artificial intelligence infrastructure attracting […]
SINGAPORE – Media OutReach Newswire – 15 October 2026 – Held on 11 October 2026 at Shangri-La Rasa Sentosa in Singapore, AIMCONNECT 2026 gathered industry leaders from 11 countries under the theme “Where Mobility Meets the Future.” Organised by X Star Technology and Aimotion, the event welcomed representatives from more than 100 automotive organisations, over 60 financial institutions and around 20 technology companies to explore how collaboration across industries can create a more connected mobility ecosystem.
The event was opened by Tin Pei Ling, Member of Parliament, and Dato’ Tony Khor Chong Boon, President of the Federation of Motor and Credit Companies Associations of Malaysia (FMCCAM). Through keynote presentations, panel discussions and live technology demonstrations, participants examined how AI-driven solutions can improve customer experiences while ensuring transparency, security and responsible decision-making.
AIMCONNECT 2026 Highlights the Shift Towards Connected Mobility
During the keynote address, “The Next Mobility Economy: Intelligence, Connection, Trust,” X Star Technology CEO Shawn Yang highlighted the growing gap between consumers’ digital engagement and completed automotive transactions.
Shawn Yang noted that consumers increasingly begin their vehicle purchase journey online, with research showing strong demand for AI-supported decision-making. According to figures shared during the keynote, 90% of car buyers conduct online research before visiting dealerships, 63% expect to use AI during their next vehicle purchase and 67% believe AI will influence their financing decisions.
However, the automotive journey remains fragmented. Customers often move between dealerships, financing providers and multiple systems, creating unnecessary friction during purchasing and ownership processes.
“Customers are not lost in one stage; they are lost to the friction between them,” Yang said. Yang said. The CEO explained that the next stage of mobility innovation requires closer cooperation between automotive companies, financial institutions and technology providers. Rather than improving isolated parts of the journey, the industry must create connected experiences that allow information, decisions and services to move more efficiently between stakeholders.
During AIMCONNECT 2026, technology demonstrations showcased emerging solutions designed to address these challenges. X Star Technology presented its Xport platform, demonstrating one-click lead-to-loan matching and real-time approval capabilities. Aimotion, MStar, AI Wingman and MK.X also introduced their latest innovations, highlighting the potential of AI-enabled tools across the automotive value chain.
Building Trust as AI Takes a Greater Role in Decision-Making
A key theme throughout AIMCONNECT 2026 was the importance of trust as artificial intelligence becomes increasingly involved in customer-facing processes.
While AI can improve speed and efficiency, industry leaders emphasised that technology must operate within clear boundaries. Decisions involving financing, customer eligibility and financial commitments require transparency, human oversight and accountability.
Yang introduced X Star Technology’s proprietary Harness framework, which combines AI operating boundaries, human supervision and traceable data management. The framework is designed to ensure that AI systems operate within authorised parameters while allowing complex cases to be escalated for human review.
“In auto finance, a single flawed decision risks customer harm and regulatory non-compliance. For AI to operate across the customer journey with true autonomy, trust cannot be an afterthought; it must be engineered into the architecture from day one,” Yang said.
The discussions also highlighted the importance of balancing personalisation with privacy. While consumers increasingly expect services tailored to their needs, excessive automation or unnecessary intervention may reduce trust. Effective AI solutions must therefore combine intelligence with appropriate restraint.
Strengthening Connections Across the Auto Finance Ecosystem
Another major discussion at AIMCONNECT 2026 focused on how stronger collaboration between automotive companies, financial institutions and technology providers can create a more efficient and trusted financing experience.
During the panel discussion “Building a Connected Auto Finance Ecosystem,” moderated by MStar CEO Zhang Peng, industry representatives explored the role of data connectivity, cybersecurity and responsible technology adoption in shaping the future of automotive finance.
Speakers from Deloitte, Deutsche Bank, The CEO Circle and JWT Bespoke examined how financial institutions and mobility businesses can use technology to improve decision-making while maintaining customer confidence.
“Better data infrastructure and connectivity can help the industry make more informed financing decisions, but technology must go hand in hand with trust,” Zhang said.
The discussion emphasised that connectivity is not simply about collecting more data. A truly integrated ecosystem requires organisations to establish clear principles for how information is shared, protected and used. Customers must also understand what information they provide and how it contributes to a better service experience.
Matthew Duncan, Director and CEO of JWT Bespoke, highlighted the importance of balancing innovation with consumer protection, drawing from Australia’s experience in automotive and financial regulation.
“Regulation works best when it protects customers and still gives the industry room to improve how people buy and finance their cars,” Duncan said.
Exploring the Future of Vehicle Ownership
Beyond financing and transactions, AIMCONNECT 2026 also examined a broader question facing the mobility industry: how will consumers define vehicle ownership in the future?
The rise of leasing, subscription services, car-sharing and ride-hailing has expanded consumer choices, creating new possibilities beyond traditional ownership models.
During the panel “The Future of Owning a Car,” moderated by Shawn Yang, industry leaders discussed how changing consumer expectations may influence future mobility behaviour.
An audience poll showed a closely divided perspective. While 54% of participants believed flexible mobility solutions could become the preferred choice within the next decade, 46% expected vehicle ownership to remain the dominant preference.
The result reflected the complexity of future mobility trends. Rather than replacing ownership completely, emerging mobility models may provide consumers with more options depending on their lifestyle, financial situation and travel needs.
James Ng, Managing Director of BYD Singapore and President of BYD Philippines, shared insights into BYD’s technology development journey.
“BYD’s first phase was electrification, delivering performance. The second phase is intelligence, using AI to enhance the customer experience. The third phase will focus on integration,” Ng said.
Xiao Ting, CEO of MK.X, noted that increasingly capable AI assistants could change how consumers approach mobility decisions.
“The decision may increasingly be less about owning a car and more about finding the right mobility solution for each journey,” noted the CEO.
Ng also highlighted the broader applications of BYD’s technology beyond vehicles, including Battery Energy Storage Systems (BESS) and renewable energy solutions that contribute to a wider technology ecosystem.
These developments suggest that the future mobility landscape will involve not only automakers, but also dealers, financial institutions and technology platforms adapting their services to meet changing consumer expectations.
AI Is Expanding the Vehicle Experience Beyond the Point of Sale
The role of artificial intelligence throughout the vehicle ownership lifecycle was another key focus at AIMCONNECT 2026.
During the panel “How Is AI Reshaping Mobility?” moderated by X Star Chief Technology Officer Michael Jia, industry experts discussed how AI can support consumers beyond vehicle selection and purchase.
Panel participants included Carson Zhang of Aimotion, Connor Liu of Google Cloud, Dr Harold Teng of MK.X Technology and Bryan Tan of Carro.
When delegates were asked where AI would create the greatest impact, personalised ownership services ranked ahead of vehicle selection, automotive financing and in-car intelligence. The results suggested that industry participants see significant opportunities in improving the ownership experience after purchase.
Bryan Tan, Chief Scientist at Carro Group and CEO of Carro Indonesia, explained that vehicle value assessment is becoming increasingly influenced by new data sources. For electric vehicles, factors such as battery condition and charging history are becoming important considerations alongside traditional indicators such as mileage.
Tan also noted that markets such as Singapore have unique considerations, including the impact of the Certificate of Entitlement (COE) system on vehicle value.
These examples demonstrate how advances in automotive technology are influencing areas beyond driving performance, extending into finance, resale value and long-term ownership decisions.
However, industry leaders agreed that AI adoption must remain focused on practical benefits.
“The focus must remain on delivering practical benefits, enhancing safety and making mobility more intuitive for consumers,” Dr Teng said.
Collaboration Will Define the Next Stage of Mobility Innovation
Across the discussions at AIMCONNECT 2026, one common message emerged: the future of mobility will be shaped by collaboration.
Automotive manufacturers and dealers must better understand customer needs and reduce unnecessary friction throughout the ownership journey. Financial institutions must improve efficiency while maintaining responsible lending practices. Technology providers must develop solutions that meet operational, regulatory and customer expectations.
For policymakers and industry stakeholders, the challenge will be encouraging innovation while maintaining public confidence.
“No single company can transform the entire mobility journey on its own,” Xiao Ting said.
Zhang highlighted that the success of future mobility solutions should be measured not only by speed and efficiency, but also by how effectively the industry works together to serve customers.
“Progress should be measured not only by how quickly a loan can be approved, but by how well the industry works together to serve the customer,” Zhang said.
AIMCONNECT 2026 demonstrated that artificial intelligence will play an increasingly important role in mobility, but technology alone will not define the future. The next phase of automotive transformation will depend on building systems that are intelligent, transparent and connected — supported by stronger partnerships across the mobility ecosystem.
Hashtag: #XStar
The issuer is solely responsible for the content of this announcement.
About AIMCONNECT 2026
AIMCONNECT 2026 brings together automotive leaders, dealers, original equipment manufacturers (OEMs), financial institutions, technology innovators and industry decision-makers to explore the future of automotive commerce and mobility.
Through industry dialogue, thought leadership sessions and live technology demonstrations, AIMCONNECT provides a platform for stakeholders to exchange insights and collaborate on the next generation of connected mobility solutions.
Australia has unveiled draft legislation requiring cryptocurrency platforms to report transactions involving Australian residents to tax authorities from July 2027, alongside measures enabling international exchanges of financial information. The Treasury released the proposed legislation on October 15, opening public consultation until October 28. The measures would introduce the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework into Australian law and establish domestic reporting requirements for digital […]
HANOI, VIETNAM – Media OutReach Newswire – 15 October 2026 – Vingroup officially announces the establishment of VERTA International School, a new K-12 educational model built on a U.S.-oriented educational approach and designed for a generation growing up in an age when artificial intelligence is transforming how we learn, work and create. Guided by the philosophy Learn. Make. Matter., VERTA aims to develop students with strong academic foundations, independent thinking, and the ability to harness AI and technology to expand what they can do, solve problems and create value for others.
VERTA is a K-12 school system for Vietnamese and international students, located at 148 Giang Vo, Hanoi, and is scheduled to open in August 2027. The school will have a maximum capacity of approximately 800–1,000 students. Admissions for its first academic year will begin in October 2026, welcoming approximately 400 students from Grades 1 to 11.
As a new education brand developed by Vingroup alongside Vinschool, Brighton College Vietnam, Vin Nexus Center and VinUniversity, VERTA aims to nurture a generation growing up in the age of AI with the depth of knowledge, independent thinking, and strength of character to shape their own futures and create meaningful value.
VERTA’s educational philosophy is built around three guiding principles: Learn. Make. Matter.
LEARN – Build knowledge to think independently. Students develop strong academic foundations while being encouraged to take initiative, explore and learn through experience. The VERTA curriculum provides depth in mathematics, science, languages, social studies and the arts. In the upper grades, it expands to include AI and Advanced Computing, Engineering, Biomedical Science, Entrepreneurship and Advanced Placement (AP) courses. Learning is also designed to be interdisciplinary, enabling students to connect knowledge across different fields, consider problems from multiple perspectives and draw on what they have learned to address them with increasing independence and ownership.
MAKE – Turn understanding into capability. Students apply what they learn to create tangible outcomes that can be tested, challenged and improved.They learn to move from questions to ideas, from ideas to design, and then through a process of building, testing, receiving feedback and refinement. VERTA aims to develop not only students’ ability to create, but more importantly the thinking that enables them to create purposeful solutions and products.
MATTER – Apply capability to create value. Students are encouraged to use their knowledge and capabilities to address meaningful problems and create value by connecting learning with the real world.This includes bringing real-world problems, authentic data, experts, and people who can use or critically evaluate students’ work into the learning experience.Vingroup’s wider ecosystem – spanning higher education, research, healthcare, technology, industry, green mobility and urban development – provides distinctive opportunities to connect learning at school with the world beyond the classroom.
Ms. Phan Ha Thuy, Chairwoman of VS Company, the Vingroup entity developing the VERTA Education System, said: “VERTA aims to equip students with the strong academic foundations needed to pursue demanding university pathways, while developing their ability to conduct research, reason, design and turn ideas into tangible outcomes; use AI and technology to extend their thinking; and tackle problems without predefined solutions. More importantly, by the time students leave VERTA, they should be able to learn new things independently, form their own judgments and take responsibility for their decisions.”
VERTA’s program will be taught in English, following a U.S.-oriented educational approach. In the early years, teachers will take a more active role in building students’ knowledge, learning habits and approaches to learning. As students mature and develop stronger foundations, they will gradually take greater ownership of their learning, exploring their strengths, selecting advanced courses, identifying questions they want to investigate and pursuing longer-term projects.
The school will be led by Dr. Tarek Razik, an international educator with more than 35 years of experience, who previously led Jakarta Intercultural School and the International School of Beijing. VERTA’s international teaching team will be selected based on professional qualifications and experience aligned with the school’s educational program.
With its emphasis on academic depth, AI and technology, and the ability to apply knowledge in real-world contexts, VERTA offers a new educational option for Vietnamese students and families, while providing a learning environment built on a U.S.-oriented educational approach for international families living in Hanoi and surrounding areas.
ADMISSIONS INFORMATION
Parents can learn more and register for admissions at https://admissions.verta.edu.vn/or contact the VERTA Admissions Team via hotline 1800 9499.
Hashtag: #Vingroup
The issuer is solely responsible for the content of this announcement.
US cybersecurity shares have surrendered part of September’s gains as investors weigh growing demand for artificial intelligence protection against the possibility that AI developers could become competitors to established security companies. Shares in leading vendors fell on Wednesday, 14 October, amid speculation that OpenAI was exploring an acquisition of security specialist Trail of Bits. No transaction had been announced, and the possibility of a deal did not […]
Dell Technologies shares plunged more than 11% on Wednesday after Barclays downgraded the computer and server manufacturer, citing stretched valuations and uncertainty over the sustainability of enterprise artificial intelligence spending. The stock closed at approximately $508, marking one of its steepest daily declines in more than a year. The sell-off followed Barclays analyst Tim Long’s decision to lower Dell’s investment rating from overweight to equal weight and […]
Google DeepMind and Singapore’s Government Technology Agency have developed an artificial intelligence system designed to identify scams within private smartphone conversations without sending messages to external servers.
The technology, announced on Wednesday at Singapore International Cyber Week, uses a customised version of Google’s Gemma model to recognise manipulation in conversations and warn users before they transfer money or disclose sensitive information.
The partners have not announced a public release date, named supported messaging applications or published independent accuracy figures. Their announcement describes a model that messaging platforms and operating system developers could integrate, rather than a scam detection application already available for general download.
The initiative forms part of the National AI Partnership between Google DeepMind and Singapore’s government. It addresses fraud schemes that unfold through extended conversations, rather than relying exclusively on suspicious links, keywords or individual messages.
Google DeepMind said the model had been adapted using examples of scams involving impersonation of banks, public institutions and prominent local figures. Its training also covered regional fraud patterns intended to make fraudulent exchanges appear credible to Singaporean users.
The system operates through two stages to limit the processing demands placed on smartphones. A lightweight classifier initially examines incoming messages for possible threats, consuming relatively little computing power. Messages considered suspicious then undergo a more detailed assessment using the fine tuned Gemma model.
During the second stage, the AI examines a broader section of the conversation to assess whether the exchange displays patterns of manipulation. This contextual approach is intended to distinguish ordinary conversations from attempts to build trust before requesting payments, passwords or other confidential details.
Where the model identifies potentially fraudulent behaviour, it generates a warning on the handset, encouraging the recipient to pause and exercise caution. The alert is designed to intervene before a person acts on a scammer’s instructions, although the organisations have not disclosed measured reductions in fraud losses from using the system.
A central feature is that the analysis takes place locally. Conversations do not need to be uploaded for cloud based examination, an important distinction for messaging services that use end to end encryption to prevent intermediaries from reading message contents.
Mark Chen, director of trust and safety at GovTech Singapore, said the collaboration sought to identify targeted local scams in real time while keeping personal communications private. The partners present local processing as a way of reconciling fraud prevention with confidentiality.
The privacy safeguards also extend to development. Google DeepMind said the model was fine tuned inside a government managed Google Cloud environment described as a sovereign sandbox, where training material remained isolated.
According to the company, private citizen conversations and personally identifiable information were excluded from training. Instead, developers used anonymised datasets derived from scam reports and intelligence feeds. Testing included synthetic conversations and local material covering different scam categories and changing impersonation methods.
Those measures describe the development process and proposed operation, rather than an independent assessment of the finished product. The partners have not released detailed public benchmarks showing false positive rates, missed scams, battery consumption or performance across different smartphone models.
Singapore has strong reasons to pursue additional protections. Google DeepMind said scams account for more than half of crimes reported in the country, while cumulative losses since 2019 exceed S$4 billion. It estimated that social engineering schemes account for as much as 80 per cent of scam losses.
Such schemes often depend on prolonged interaction, with perpetrators establishing apparent relationships or authority before introducing requests for money. Detecting suspicious intent across multiple messages therefore presents a different technical challenge from blocking known fraudulent websites or telephone numbers.
The announcement comes alongside separate Android security enhancements unveiled by Google, including optional cloud assisted analysis in Google Messages. That service uses a protected computing environment, whereas the Singapore collaboration specifically centres on keeping conversation analysis on the handset.
The distinction is significant because the two approaches involve different arrangements for processing private communications. The Singapore model is designed to assess message content without transmitting conversations externally, although its practical privacy protections will also depend on how individual applications implement the technology.
Google DeepMind said its model was optimised for smartphones commonly used in Singapore. It has not specified the minimum hardware requirements, participating mobile manufacturers or whether the technology will eventually support additional languages and markets.
Arabian Post Staff -Dubai Dubai Holding Entertainment plans to open another water park at Dubai Parks and Resorts within months, chief executive Fernando Eiroa has announced. Eiroa disclosed the development at the Rise summit in Dubai on Wednesday, October 14, without specifying an opening date, park name, rides, capacity or admission charges. The announcement establishes that the proposed attraction will be part of Dubai Parks and Resorts, […]
By Bhasha Singh The clouds of unrest are once again gathering over the Gulf region. This time, the epicentre is Yemen’s internal power struggle, which has spilled over into Saudi Arabia, claiming several lives, including that of an Indian national. The Houthi rebels’ attacks on Saudi airports have prompted retaliatory strikes by the Saudi-led coalition […]
