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Authorities in Hong Kong have launched one of the most sweeping investigations into the territory’s financial industry in nearly a decade, placing hedge fund Infini Capital Management at the centre of a widening insider-trading probe that has rattled brokers, banks and investors across Asia’s leading financial hub.

The investigation, conducted jointly by the Securities and Futures Commission and the Independent Commission Against Corruption, has led to the arrest of eight people and the search of offices and residences across the city. The operation targeted suspected exchanges of confidential market information tied to share placements in Hong Kong-listed companies, a practice that authorities say may have generated illicit profits while undermining confidence in capital markets.

Sources familiar with the matter have identified Infini Capital Management, alongside brokerage operations linked to Citic Securities and Guotai Junan International, as among the firms caught up in the crackdown. The investigation centres on allegations that executives accepted more than HK$4 million in bribes in return for non-public information about equity placements before those transactions were disclosed to investors.

According to regulatory statements, the suspected information leaks allowed traders to establish short positions in companies whose share placements would later depress prices once announced publicly. Authorities estimate the strategy generated profits of roughly HK$315 million, underscoring the scale of the alleged misconduct.

Infini Capital has said its operations remain normal and that its investment management processes have not been disrupted by the investigation. The firm has pledged to comply fully with regulatory authorities while declining to comment on what it described as unverified reports circulating in the market.

Founded in 2015 by former investment banker Tony Chin, the hedge fund built a reputation for aggressive trading strategies and direct negotiations with companies seeking capital. Market participants say the firm sometimes approached share placement deals in ways that bypassed traditional investment bank intermediaries, a tactic that brought both attention and scrutiny within Hong Kong’s tightly interconnected financial community.

Chin, who previously worked at major global financial institutions before establishing the fund, has not responded publicly to requests for comment regarding the probe. Regulatory filings indicate that he stepped down as a responsible officer for Infini Capital at the end of 2025, meaning he no longer holds the licence required to oversee regulated asset management activities on behalf of the firm.

Developments surrounding the investigation have reverberated beyond the immediate targets of the raid. Several global banks, including JPMorgan and UBS, had already severed prime brokerage relationships with Infini Capital months before the probe became public, according to people familiar with the matter. The reasons behind the decisions were not disclosed, though the timing has drawn attention among market observers assessing the fund’s risk profile and compliance record.

Prime brokerage services play a critical role in hedge fund operations, providing financing, securities lending and trade execution support. Losing such relationships can constrain trading activity and signal broader concerns among financial institutions regarding counterparty risk.

The crackdown arrives at a moment when Hong Kong’s equity capital markets have been undergoing a revival following a prolonged downturn in listings. Fundraising through share offerings surged in the past year as Chinese technology and industrial companies turned to the territory for capital, helping restore the city’s position as one of the world’s busiest venues for initial public offerings.

Regulators have responded to that surge by intensifying scrutiny of investment banks and brokers responsible for underwriting and distributing share sales. Officials have warned repeatedly that lapses in due diligence or market conduct could undermine investor trust and the credibility of Hong Kong’s financial system.

Analysts say the case highlights the complex ecosystem that has developed around equity placements, where hedge funds, banks and corporate issuers interact in fast-moving transactions worth hundreds of millions of dollars. Such deals often involve limited groups of investors receiving shares at discounted prices, creating incentives for traders to speculate on how markets will react once the placements are disclosed.

Authorities believe that confidential information about several such deals was circulated before public announcements, allowing certain investors to position themselves advantageously. The resulting trades allegedly generated substantial profits when share prices fell following the disclosure of the placements.

Operation “Fuse”, the codename given to the joint investigation, involved searches at fourteen locations across Hong Kong, including corporate offices and private residences. The arrests included senior executives within financial firms, signalling that regulators are pursuing accountability at the highest levels of the industry.

Market participants are watching closely to see whether the probe expands further. Hong Kong’s regulators have historically pursued insider trading cases aggressively, but raids on multiple high-profile financial institutions simultaneously are comparatively rare.

Infini Capital had become an active participant in the city’s equity markets over the past several years, taking positions in a number of high-profile share placements linked to technology companies and other fast-growing sectors. The firm also forged financing partnerships with emerging robotics and artificial intelligence businesses seeking funding through Hong Kong’s capital markets.

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Japan’s stock market volatility has surged to levels not seen since the global pandemic turmoil of 2020 as a sharp jump in crude oil prices shakes confidence in the country’s economic outlook and disrupts what had been a strong equity rally.

Measures of market anxiety tied to Japanese equities climbed sharply as investors reacted to the sudden rise in global energy prices and mounting geopolitical tensions affecting oil supply routes. The spike in volatility coincided with a steep sell-off in Tokyo’s equity market, where the Nikkei 225 index plunged more than 7 per cent during trading while the broader Topix index fell over 6 per cent, marking one of the most severe declines in several years.

Traders and analysts attribute the surge in market fear to an abrupt reversal of expectations that had supported Japan’s equity rally earlier in the year. A powerful jump in crude prices above the $100-a-barrel threshold has heightened concerns about rising import costs, inflationary pressure and potential disruption to the country’s fragile economic recovery.

Japan remains one of the world’s largest importers of energy resources, relying heavily on overseas supplies for oil and liquefied natural gas. The sharp rise in crude prices therefore carries immediate implications for corporate profitability, household spending and the nation’s trade balance. Higher fuel costs can quickly feed into transport, manufacturing and electricity prices, creating ripple effects across the broader economy.

Equity strategists say that markets had been pricing in a favourable scenario for Japan’s corporate sector, including stable energy costs, a weaker yen that supports exporters, and gradual improvement in domestic consumption. The oil shock has complicated that outlook, prompting investors to reassess earnings forecasts and risk exposure.

The volatility gauge for Japanese equities, often referred to as the market’s “fear index,” spiked to levels not seen since the early months of the Covid crisis. Such indicators measure the expected turbulence in stock prices based on options trading, and a sharp rise typically signals increased hedging activity by investors preparing for further market swings.

The abrupt shift in sentiment comes amid wider turbulence across global financial markets. Equity benchmarks across Asia fell sharply as investors reacted to the energy price shock and rising geopolitical tensions in the Middle East, a region responsible for a large share of global oil production. The surge in crude prices has revived worries that inflation could accelerate again just as many central banks were expected to ease monetary policy.

Market participants say the latest volatility reflects more than a temporary correction. Analysts note that the rally in Japanese equities had drawn significant foreign investment during the past year, encouraged by corporate governance reforms, share buybacks and improved shareholder returns. Strong gains in technology stocks and export-oriented companies had helped drive the Nikkei to multi-decade highs.

Rising energy costs now threaten to undermine some of those positive dynamics. Japan’s manufacturing sector, including carmakers and electronics producers, depends heavily on imported raw materials and fuel. A sustained rise in oil prices could increase production costs and squeeze margins, particularly for companies unable to pass higher expenses on to consumers.

Currency movements add another layer of complexity. The yen often weakens when oil prices surge because the country must spend more on energy imports. While a weaker currency can benefit exporters by boosting overseas earnings, it also increases the cost of imported fuel and food, intensifying inflationary pressure on households.

Economic policymakers are watching the developments closely. Officials at the Bank of Japan have maintained an accommodative monetary stance even as other major central banks tightened policy to fight inflation. The current surge in energy prices raises questions about how the central bank might respond if inflationary pressure accelerates further while economic growth slows.

Financial analysts emphasise that volatility indicators should not be interpreted as a prediction of sustained market decline. Instead, they reflect heightened uncertainty and the demand for protection against abrupt price swings. Still, such spikes often coincide with periods of intense market stress and rapid portfolio adjustments.

Energy-related stocks and commodity producers have been among the few segments to benefit from the oil surge, as higher crude prices can boost revenues for companies involved in exploration, refining and trading. Conversely, sectors sensitive to fuel costs, including airlines, shipping and heavy manufacturing, have faced selling pressure.

Global investors are also weighing broader geopolitical risks tied to the energy market. Disruptions to shipping routes in key waterways used for oil transport could tighten supply and prolong elevated prices. Analysts warn that if crude remains above the $100-a-barrel mark for an extended period, the impact could spread beyond equity markets into inflation expectations, bond yields and currency movements.

  • Strategic Investment of S$3-5 billion in Singapore to advance AI-ready data centre developments, supporting over 2 GW of AI-ready capacity globally, and driving technological innovation with international ecosystem partners.
  • First-mover advantage as one of Asia Pacific’s top three hyperscale data centre developers, with proven track record delivering large-scale campus developments in Malaysia, Thailand and India, supporting regional AI and cloud demand.
  • Pioneering sustainable energy solutions, including Singapore’s first floating hydrogen power generation model leveraging the nation’s strengths in maritime transport, port infrastructure and global energy supply chains and research into nuclear energy as a future clean power source for data centres.
  • Building an integrated innovation ecosystem in Singapore through partnerships with universities, research institutions and global technology companies, while supporting job creation and talent development initiatives for around 3,000 students and professionals.

SINGAPORE – Media OutReach Newswire – 12 March 2026 – Bridge Data Centres (BDC), a Singapore-headquartered digital infrastructure platform backed by Bain Capital, has announced ambitious plans to invest S$3-5 billion in Singapore to advance next-generation digital infrastructure and strengthen the country’s position as a leading AI and cloud hub in Asia Pacific.

BDC had announced its new strategic brand identity in early 2026 that reflects the Company’s position of being a leading hyperscale and AI-infrastructure builder with a growing network of mega-campus developments in Asia Pacific. With close to a decade of experience developing high quality data centres, BDC’s new brand identity reflects BDC’s reputation as platform built on disciplined execution, certainty of delivery, and the ability to scale with customers.

As AI and high-density workloads accelerate across Asia Pacific, customers are looking for partners who can offer world-class capabilities and local agility, provide bespoke solutions at scale, and deliver and operate with a proven track record.

With Singapore serving as its global headquarters, BDC is uniquely positioned to support hyperscale customers and global technology companies seeking high-performance, sustainable and scalable data centre platforms across Asia Pacific, while enabling global technology companies to establish and expand their presence in Singapore as they develop AI and digital capabilities in the region.

Over the past decade, BDC has established itself as one of Asia Pacific’s leading digital infrastructure developers and operators. The Company currently operates and develops hyperscale campuses across Malaysia, Thailand and India.

Building on strong relationships with global hyperscale customers and ecosystem partners, BDC is on track to expand its regional capacity to approximately 2 GW by 2030.

By deepening its investments in Singapore, BDC aims to support customers seeking world-class digital infrastructure expertise, strong technology partnerships and integrated energy solutions that enable the sustainable growth of AI workloads.

First-mover advantage

BDC is among the first data centre developers to foray into Malaysia, where the Company has several large-scale data centre campuses – both operational and under development.

BDC’s flagship MY06 campus is the Company’s first project in Johor, as well as the state’s first hyperscale data centre development. In addition, BDC is the first data centre developer in Southeast Asia to adopt a build-to-suit (BTS) model for hyperscale data centre construction. BDC was also among the first hyperscale operators in the region to deploy advanced liquid cooling technologies at scale, including cold plate liquid cooling, to support high-density and AI-driven workloads. BDC’s suite of sustainability initiatives at MY06 enabled the facility to achieve an annualised Power Usage Effectiveness (PUE) of below 1.2.

BDC is also the first in Southeast Asia to incorporate Prefabricated, Prefinished Volumetric Construction (PPVC) construction, an innovative method that assembles large building sections off site. This enabled BDC to complete MY06 within eight months, which is 40 per cent faster than traditional methods, while reducing on-site dust, waste and noise. This strategy is one of BDC’s key competitive advantages to support the growing needs of hyperscale customers in the region, including Singapore, who need to rapidly scale to meet increasing demand for more capacity to power AI-workloads.

BDC has built Malaysia’s first large-scale Water Treatment Plant (WTP) to treat effluent and convert it into high grade effluent water to cool its upcoming 400MW campus in Ulu Tiram, Johor. The WTP applies advanced Membrane Bioreactor (MBR) and Reverse Osmosis (RO) technologies to deliver superior water recovery and quality. Since commencing operations in 2025, the WTP has been significantly reducing reliance on potable water. It further strengthens the long-term resilience of BDC’s operations and supports Johor’s broader environmental agenda.

The WTP has also attracted interest from regional public agencies. In 2025, BDC hosted a technical visit by representatives from PUB, Singapore’s National Water Agency, who were presented with an overview of the plant’s design and its use of advanced membrane technologies for sustainable water reuse in data centre operations.

BDC’s MY-06 Campus (Building 1) has achieved Singapore’s BCA Green Mark Platinum Award granted under the BCA-IMDA Green Mark International for Data Centres 2024 (GMDC: 2024) framework. The BCA Green Mark Award recognises developers, building owners and individuals who have made outstanding achievements in environmental sustainability in the built environment. BDC is the first data centre operator to achieve this recognition for a facility based outside of Singapore. Beyond project certification, BDC has also signed a Memorandum of Understanding with BCA International (BCAI) to support the international adoption of Singapore’s Green Mark standards in global data centre developments. Through this partnership, BDC will promote Singapore’s sustainable building standards globally while reinforcing the country’s position as a leading AI and green digital infrastructure hub in the region.

These capabilities are aligned with Singapore’s Green Data Centre (DC) Roadmap, which emphasises energy efficiency, sustainable resource use and the integration of green energy to support the growth of digital infrastructure. BDC’s experience in delivering high-efficiency campuses positions it well to contribute to these objectives through practical, deployable solutions.

Pioneering energy solutions

As AI workloads drive the rapid expansion of digital infrastructure, energy resilience, data security and sustainability are becoming increasingly important. BDC is advancing a range of initiatives to explore alternative energy pathways and strengthen long-term power strategies.

A key collaboration is with Concord New Energy (CNE), where the partners are jointly developing Singapore’s first floating hydrogen power generation solution tailored for next-generation AI digital infrastructure, marking a significant milestone in advancing low-carbon energy pathways for the data centre sector.

BDC and CNE will also collaborate with Nanyang Technological University (NTU) to support the development of Singapore’s hydrogen ecosystem, accelerating research, engineering and the deployment of scalable clean energy technologies for digital infrastructure applications.

In addition, BDC is working with Singapore’s Agency for Science, Technology and Research Institute of High Performance Computing (A*STAR IHPC) and HY to evaluate the potential of nuclear energy as a long-term clean power source for data centres.

BDC’s alliance with A*STAR IHPC and HY will leverage advanced modelling and engineering expertise to explore innovative low-carbon energy pathways that will support Singapore’s sustainable digital growth while reinforcing the nation’s position as a trusted global technology hub.

BDC has also established partnerships with global leaders in energy and energy storage technologies, including CATL, EcoCeres, SK Innovation. Through these collaborations, the partners will jointly explore the establishment of innovation and research platforms to advance the development and pilot deployment of clean energy solutions such as hydrogen and biomass energy, as well as next-generation energy storage technologies designed for tropical climates. These initiatives aim to enhance thermal management, improve safety performance and increase the power density of data centre energy storage systems.

These collaborations and pilot initiatives will also contribute to talent development and workforce capability building in Singapore’s digital infrastructure and energy sectors. Through joint research programmes, technology pilots and knowledge exchange with universities, research institutions and industry partners, BDC aims to support the development of specialised expertise in areas such as advanced energy systems, sustainable data centre design, and next-generation cooling and energy storage technologies.

The initiatives are also expected to create high-value job opportunities in Singapore, spanning engineering, energy systems research, digital infrastructure operations and advanced technology development. By nurturing local talent and strengthening cross-disciplinary capabilities, these efforts will help build a robust talent pipeline to support Singapore’s growing AI and digital infrastructure ecosystem.

These partnerships represent a strategic step in BDC’s long-term roadmap to diversify power sourcing pathways, enhance energy security, and future-proof its Singapore data centre portfolio amid evolving grid constraints and decarbonisation dynamics. They also reinforce Singapore’s position as a regional hub for AI-ready digital infrastructure, while supporting the nation’s broader ambitions in sustainable energy innovation and green economic growth. Furthermore, these advancements accelerate Singapore’s ambition to achieve its net zero emissions goal by 2050.

Advancing technology and ecosystem growth

BDC is also pushing the envelope in innovative and sustainable cooling solutions through collaborations with ecosystem technology partners such as Vertiv, Terahop and Teracule, which are subsidiaries of Zhongji Innolight, as well as Delta Electronics and Supermicro.

Many of these partners are established leaders in data centre cooling, power systems and high-performance computing infrastructure, and are active participants in the broader AI infrastructure ecosystem, working closely with leading chipmakers to support next-generation compute environments.

Through its collaboration with Teracule and Terahop, the subsidiaries of Zhongji Innolight, BDC is exploring opportunities to jointly develop next-generation liquid cooling modules and high-performance optical connectivity solutions tailored for AI data centre environments. By combining Innolight’s expertise in optical modules and high-speed interconnect technologies with BDC’s experience in hyperscale data centre design and operations, the partners aim to advance integrated solutions that enhance thermal efficiency, data transmission performance and system reliability for high-density AI workloads.

The collaboration will also explore the establishment of joint research and development initiatives in Singapore, bringing together industry, academia and research institutions to support innovation in AI infrastructure technologies. Through this industry–academia-research collaboration model, the partners aim to accelerate the development and commercialisation of advanced cooling and connectivity technologies while contributing to Singapore’s broader push to strengthen research, talent development and innovation within the digital infrastructure ecosystem.

Together, these alliances focus on the development of advanced liquid cooling architectures, high-density GPU cooling solutions, and energy-optimised HVAC systems designed to support increasingly compute-intensive workloads. These technologies are critical in enabling the efficient operation of AI infrastructure, particularly as rack densities and thermal loads continue to rise in next-generation data centre environments.

Driving regional connectivity

As a Singapore-headquartered digital infrastructure platform, BDC continues to strengthen Singapore’s position as a regional hub for digital infrastructure and AI-driven innovation. With its highly developed connectivity ecosystem, robust regulatory environment and strong international network links, Singapore plays a central role in enabling the growth of the digital economy across Asia Pacific.

In this context, Singapore serves as one of the primary regional hubs, supporting high-value and latency-sensitive digital services such as edge computing deployments, international data traffic management and regional digital service platforms.

To support the burgeoning demand for AI and cloud computing across the region, complementary infrastructure resources across Asia Pacific can help provide additional capacity for compute-intensive workloads, including AI inference, machine learning and large-scale data processing. This cross-border model enables Singapore to remain the connectivity and innovation anchor of the ASEAN digital ecosystem, while regional infrastructure supports the scaling of digital capacity.

BDC’s collaborations with ecosystem partners, including major telecommunications companies and global technology firms, also help expand connectivity networks beyond Asia Pacific, further reinforcing Singapore’s role as a key regional interconnection hub.

One such ecosystem partner is Zenlayer, a leading global edge cloud and connectivity provider with a well-established customer base across Asia Pacific, North America and Europe. Through this partnership, BDC continues to strengthen its regional and international network connectivity anchored in Singapore.

This expanded network reach supports low-latency cross-border digital infrastructure integration, enabling hyperscalers to scale efficiently across markets while leveraging Singapore as one of the core regional gateways for digital services.

Catalysing Singapore’s AI-driven digital growth

Looking ahead, BDC will continue to leverage its operating model as a glocal platform, combining regional scale with deep local execution capabilities to expand across Asia Pacific. The Company’s strategy focuses on connecting key economic corridors, developing high-density, utility-integrated campuses, and working with ecosystem partners to align digital infrastructure growth with evolving energy pathways.

Anchored in Singapore as its strategic regional hub, BDC’s investments and partnerships contribute to the development of a robust digital infrastructure ecosystem that supports AI-driven workloads and cross-border connectivity.

BDC is also adopting an industry–academia–research collaboration mode, bringing together industry partners, universities and research institutes to accelerate innovation in AI infrastructure, advanced cooling technologies and sustainable energy systems. This integrated approach supports the development of new technologies while nurturing local talent and strengthening Singapore’s innovation ecosystem.

BDC’s initiatives in hydrogen, low-carbon power solutions and energy storage further contribute to the growth of Singapore’s green economy, catalysing investment in sustainable energy infrastructure and support the transition towards lower-carbon digital operations.

BDC’s efforts support the creation of high-value jobs and the development of specialised technical expertise in Singapore, spanning engineering, digital infrastructure and advanced energy systems. In addition, BDC will work with universities, research institutes and industry partners to support talent development initiatives, including internships, training programmes and collaborative research opportunities, contributing to the development of a strong local talent pipeline for Singapore’s AI and digital infrastructure ecosystem.

Collectively, these contributions reinforce Singapore’s position as a leading AI and digital infrastructure hub in Asia Pacific, underpinned by resilient, efficient and sustainable infrastructure.
Hashtag: #BridgeDataCentres #Singapore

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

Bridge Data Centres

Bridge Data Centres (BDC) is a Singapore-headquartered hyperscale data centre provider delivering high-performance, next-ready infrastructure across Asia Pacific. Backed by Bain Capital, BDC operates in Malaysia, Thailand, India, and other high-growth markets, with the capability to deliver up to 3 gigawatts (GW) of capacity globally by 2030 through partnerships with sister platforms in Europe and the United States.

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SINGAPORE – Media OutReach Newswire – 12 March 2026 – Zuellig Pharma, a leading healthcare solutions company in Asia, today announced that it has acquired all rights, title, and interest in and to Cialis® (Tadalafil), a leading men’s health product from Eli Lilly and Company (“Lilly”) in Hong Kong, Macau and South Korea.

Following the acquisition, Zuellig Pharma will now own the trademarks, marketing authorizations and license manufacturing know-how for Cialis®, a treatment for erectile dysfunction (ED) and benign prostatic hyperplasia (BPH), in 11 markets in Asia, with the expansion of its ownership into three additional markets beyond the original eight. Zuellig Pharma will also continue to promote and distribute the brand in these markets.

The expanded ownership of Cialis® will widen accessibility of the drug to a significant population of men in Asia who are affected by ED and BPH. The acquisition also aligns with Zuellig Pharma’s strategic priority of building a strong portfolio of owned prescription healthcare products as an integrated healthcare solutions company.

“Our acquisition of Cialis® in three additional markets builds on the strong foundation we established two years ago and highlights our proven success in scaling trusted brands effectively through our commercial capabilities and deep expertise. As we broaden our footprint, we remain focused on delivering sustainable growth and advancing our purpose of making in-demand healthcare solutions more accessible to communities in Asia,” said John Graham, CEO of Zuellig Pharma.
Hashtag: #ZuelligPharma #EliLillyandCompany #Cialis #MensHealth #Healthcare #Pharmaceuticals


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

About Zuellig Pharma

Zuellig Pharma is a leading healthcare solutions company in Asia, and our purpose is to make healthcare more accessible to the communities we serve. We provide world-class distribution, commercialization, and clinical trial support services, underpinned by a strong culture of innovation to support the growing healthcare needs in this region. The company was founded a hundred years ago and has grown to become a multibillion-dollar business covering 18 markets with over 12,000 employees. Our people serve more than 200,000 medical facilities and work with over 450 clients, including the top 20 pharmaceutical companies in the world.

Industry insights indicate that ride-hailing platforms are gradually expanding beyond core passenger transport, with increased focus on predictive safety capabilities, AI-enabled customer support, embedded payment systems, and more structured regulatory engagement.

MANILA, PHILIPPINES – Media OutReach Newswire – 11 March 2026 – 2026 may be the year that more ride-hailing apps will expand their operations to become mobility superapps, according to industry experts who have analyzed the movements of multiple apps across the board. The analysis suggests that this shift will be driven by multi-service bundling, predictive safety features, boosted AI integration, cashless payment options, and coordination with regulators.

“Our global market review found that the way forward for ride-hailing platforms is to evolve into mobility superapps,” Evgenia Matrosova, inDrive Chief Ride-Hailing Officer, said. “Users want convenience more than anything, where diverse mobility solutions, proactive safety functions, and seamless digital payments can all be found in one platform. Integrated services won’t just push innovation forward; they signify reliability and flexibility on the road and beyond.”

#1 Ride-hailing apps may begin venturing into adjacent services.

More ride-hailing apps may begin expanding into adjacent mobility services this year due to an increase in global demand for integrated transport services. For instance, market intelligence firm Sensor Tower listed inDrive and other ride-hailing platforms among the most downloaded travel apps in 2025—revealing global demand for their expansion into adjacent travel services.

Zooming into the platforms’ service expansion, industry experts are optimistic about the potential in food delivery. Data shows that restaurants worldwide are considering working with delivery platforms that offer them more control over their profit margins.

A separate Ken Research study also revealed that online travel booking has also enjoyed similar local growth, with a projected revenue of Php 50 billion. This could boost pre-booked airport pickups’ popularity, with travelers viewing this as a much-needed convenience.

These all reveal one thing: the lines between passenger transport and adjacent mobility services are beginning to blur. Thus, ride-hailing apps may begin venturing into adjacent mobility services to create an all-in-one experience for users.

#2 Safety systems are slowly shifting from protection to prediction

At present, in-app safety features are often limited to real-time monitoring, emergency hotline buttons, and a speed dial to the platform’s 24/7 support. However, industry experts forecast that ride-hailing apps may begin using AI-powered analytics and risk modeling for predictive road safety measures.

For instance, the Forum of European National Highway Research Laboratories says that AI can collect traffic data, weather feeds, and other key information to predict collisions and recommend alternate routes. Predictive safety features like this can help ride-hailing apps move past interventionary measures and proactively protect their drivers and passengers.

#3 AI to enhance the in-app customer experience

Industry experts also say that mobility services may continue leveraging AI to improve customer experience. There are also early indicators that ride-hailing apps may experiment with using human-like AI voices in their customer support systems. AI may also be used in developing personal mobility agents that manage drivers’ schedules and earnings and intervene during emergencies.

With ride-hailing platforms considering venturing into food delivery, they may use AI to simulate customer interactions. Large language models can simulate dialogue-based ordering, allowing users to verbally dictate their orders or send them via chat platforms like WhatsApp. Not only would this speed up the delivery process, but it would also cater to users who prefer personal interactions.

#4 Ride-hailing apps eyeing seamless in-app payment systems

Cashless payment options, such as e-wallets and online bank transfers, are gaining popularity among Filipino consumers. A Bangko Sentral ng Pilipinas report found that 57.4% of Filipinos’ retail transactions were paid online. This creates an opportunity for ride-hailing companies to make their payment schemes more seamless. They may consider embedding cashless payment options in their apps, which can automatically deduct their transaction from their attached online banking and e-wallet accounts.

inDrive’s internal research shows that Filipino commuters are also price-sensitive, often allocating tight budgets to their transportation expenses. This consumer attitude could pave the way for ride-hailing companies to install in-app wallets. These facilitate better online budgeting and accommodate users who prefer cash.

#5 Ride-hailing apps expected to continue to uphold price fairness

Strict regulatory compliance has always influenced the dynamics of the ride-hailing industry. In particular, the Land Transportation Franchising and Regulatory Board has been staunch in implementing its fare matrix. Just last December, the regulator imposed surge caps to maintain affordable holiday fares—underscoring its commitment to keeping prices affordable for passengers.

With this in mind, industry dynamics suggest a growing emphasis on collaborative regulatory models. Experts advise ride-hailing companies to continue collaborating with government regulators to promote pricing fairness. They also recommended continuing to implement lower commission rates to increase drivers’ income and strengthen passenger loyalty. This year, platforms may also take it a step further by rolling out promotions, capped surge policies, and loyalty models.

These trends paint a picture of what could come next for the ride-hailing industry this year. With these in mind, inDrive will continue to uphold transparency, safety, and inclusivity for drivers and passengers alike. For more updates on inDrive’s initiatives this year, visit www.inDrive.com or follow @inDrive.ph on social media.

Hashtag: #inDrivetrends #MobilityPhilippines

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

About inDrive

inDrive is a global mobility and urban services platform. The inDrive app has been downloaded over 400 million times, and has been named the second most downloaded mobility app for the third consecutive year. In addition to ride-hailing, inDrive provides an expanding list of services, including intercity transportation, delivery, and financial services. In 2023, inDrive launched New Ventures, a venture and M&A arm.

inDrive operates in 1065 cities in 48 countries. Driven by its mission of challenging injustice, the company is committed to having a positive impact on the lives of one billion people by 2030. It pursues this goal both through its core business, which supports local communities via a fair pricing model; and through the work of its impact programs.

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