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By K Raveendran When the Supreme Court of India struck down the electoral bond scheme introduced under the government led by Narendra Modi, it did so on the realisation that the anonymity offered by the bonds, far from curing the malaise of black money, had institutionalised it. But the alternative of electoral trusts that the […]

The article Supreme Court Alternative To Electoral Bonds Turns Out To Be More Vicious appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The Group’s sales for the nine months ended 31 December 2025 were US$2,726 million compared to US$2,730 million for the same period in the previous financial year, a decrease of approximately US$4 million. Exchange rate movements had a favourable impact of US$40 million on the Group’s sales during the period.

Sales of Automotive Products Group (“APG”)

APG’s sales for the nine months ended 31 December 2025 were US$2,301 million, a decrease of US$14 million or 1% compared to the same period in financial year 24/25. Excluding currency effects, APG’s sales decreased by US$49 million or 2%.

The division’s sales changes by region, excluding currency effects, were as follows:

In Asia-Pacific, sales decreased by 6%, driven by pricing adjustments implemented to remain competitive and weaker demand for non-domestic car brands in China, which has historically been a strong market for APG. This was partially offset by growth in sales to domestic car brands. Sales of products for thermal management, steering and closure applications, together with oil pumps decreased, partially offset by increased sales of products for braking, vision and transmission applications.

In Europe, the Middle East and Africa (“EMEA”), sales decreased by 1%. Sales of products for closure, vision and thermal management applications decreased, mitigated by increased sales of oil pumps, powder metal components and other products for transmission applications.

In the Americas, sales increased by 1%. Sales of powder metal components, oil pumps and products for thermal management applications increased, largely offset by decreased sales of products for braking and engine and fuel management applications due to the phasing out of certain programs.

Sales of Industry Products Group (“IPG”)

IPG’s sales for the nine months ended 31 December 2025 were US$425 million, an increase of US$10 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG’s sales increased by US$5 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics.

The division’s sales changes by region, excluding currency effects, were as follows:

In Asia-Pacific, sales decreased by 1%, primarily due to significant price competition affecting both IPG and some of its customers in certain product segments. Consequently, sales of products for food and beverage, floor care and printer applications decreased. This was largely offset by increased sales for lawn and garden, medical and data centre cooling applications.

In EMEA, sales increased by 6%, driven by a combination of inventory replenishment by certain customers following their consumption of previous inventory surpluses, as well as the launch of new products. This resulted in increased sales of products for lawn and garden, and heating applications and flexible printed circuits. This was partially offset by a decrease in sales of products for beverage applications.

In the Americas, sales decreased by 2% mainly due to the combined effects of reduced demand from certain customers and some programs reaching end of life. This resulted in decreased sales of products for ventilation and surgical applications. This was partially offset by stronger sales of piezo motors and piezo motion subsystems, which benefited from strong demand for high-precision equipment for semiconductor manufacturing and medical drug-dosing systems.

Chairman’s Comments on Sales Performance and Outlook

Commenting on the Group’s sales performance and near-term outlook, Dr. Patrick Shui-Chung Wang, Chairman and Chief Executive, said: “Johnson Electric’s sales for the financial year to date have remained stable, reflecting generally subdued macroeconomic conditions and high levels of uncertainty related to geopolitics and US trade policies. Based on current trading conditions and customer orders, full-year Group sales are expected to be broadly similar to the prior year. In this environment, Johnson Electric remains focused on executing its strategy to deliver long-term value through innovation, operational excellence, and a resilient global supply chain.”

Cautionary Statement

Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.

Hashtag: #JohnsonElectric

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

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Liquid Cooling, Robotic Joints, Smart Metering, Business Equipment, Ventilation, Home Automation, Large Appliances, Power Tools, Medical Devices and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals in over 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.

The TRUCKAIR solution integrates road and air freight to strike an optimal balance between cost and speed. Following inland pickup in China, the goods are transported via truck to Tashkent, Uzbekistan, where they are transferred via air freight for onward delivery to Istanbul, and thereafter onwards to other European destinations via various modes of transport. While costs may vary from shipment to shipment for this tailor-made solution, customers have reported six-digit figures in savings over the two months of adopting TRUCKAIR multimodal solution over airfreight solution. Additionally, with the TRUCKAIR multimodal service, the total transit time from China to Türkiye is approximately 9 to 11 days, only 4 to 5 days longer than usual transit time of 4 to 7 days by only air freight, making this service a prime choice for companies seeking a reliable and cost-effective solution for high-volume shipments.

“Demand for agile and cost-efficient logistics solutions continues to rise, backed by sustained growth in China–Europe and broader Asia–Europe trade. DHL’s latest market update points to tight capacity and rate increases into Chinese New Year, with a demand peak expected in early February 2026; TRUCKAIR helps customers avoid short term volatility while maintaining predictable lead times. China’s total imports and exports of goods grew 3.6% in the first eleven months of 2025, signaling a steady recovery in trade momentum. The European Union was also China’s second-largest trading partner in 2025, with bilateral trade up 5.4% year-on-year to RMB 5.37 trillion,” said Aditi Rasquinha, CEO of DHL Global Forwarding Greater China. “TRUCKAIR was developed to meet this growing demand for greater flexibility and predictability in cross-border shipments, enabling businesses to control costs without compromising speed.”

Designed for high-volume, general cargo shipments, the TRUCKAIR solution offers customers a cost-effective alternative to traditional air freight while maintaining delivery timelines suitable for retail and other time-sensitive and high-volume industries. Customers may also integrate TRUCKAIR with DHL’s broader portfolio of forwarding services to build customized, end-to-end supply chain solutions.

“The strategic design of the TRUCKAIR route reflects China’s pivotal role as a global trade hub,” Aditi added. “With its vast network, well-developed logistics infrastructure and rapid adoption of smart technologies and automation, the country is uniquely positioned to maintain strong connectivity with international markets. Leveraging these strengths, TRUCKAIR helps businesses to navigate supply chain challenges amid evolving global trade patterns and serves as a gateway for other Asia-Pacific markets to access Europe efficiently.

Hashtag: #DHL

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

Momentum has gathered through a series of policy signals that place safeguards alongside scale. Draft frameworks circulated by NITI Aayog and implementation roadmaps led by Ministry of Electronics and Information Technology have reinforced principles around responsible data use, model transparency and accountability for outcomes, while stopping short of prescribing one-size-fits-all rules that could chill innovation. Officials involved in consultations say the intent is to embed risk controls early—covering bias, explainability and security—rather than bolting them on after systems are deployed.

Enterprise adoption has followed a similar trajectory. Banks, insurers and large manufacturers are prioritising AI programmes that demonstrate near-term productivity gains and compliance readiness, favouring narrowly scoped applications over open-ended generative tools. Executives interviewed across sectors point to fraud detection, demand forecasting and maintenance optimisation as areas where benefits can be quantified and audited. By contrast, unrestricted text and image generation remains subject to tighter internal review, particularly where customer-facing outputs could expose firms to reputational or regulatory risk.

Scepticism has not slowed investment, but it has reshaped it. Venture funding has tilted towards platforms that promise governance controls by default—model cards, audit trails and data lineage—alongside performance. Start-ups building on foundation models increasingly highlight enterprise-grade safeguards as differentiators, responding to procurement teams that now treat ethics and security as commercial requirements rather than public-relations add-ons. Industry analysts note that this shift mirrors global buyer behaviour, but localised rules on data residency and consent amplify its importance.

Public-sector pilots underscore the same pattern. State administrations experimenting with AI for grievance redressal, traffic management and land records have emphasised human oversight and explainability, often keeping decision authority with officials while using algorithms to triage or recommend. Procurement documents reviewed by this publication show explicit clauses on dataset provenance and bias testing, reflecting lessons from earlier digital programmes where opaque automation triggered legal challenges.

At the national level, interoperability with global standards remains a priority. Engagements with multilateral bodies and peer regulators have sought alignment with emerging norms on risk classification and model evaluation, while retaining flexibility for domestic conditions. Officials argue that a principles-based stance will allow rapid adaptation as technology evolves, avoiding the lock-in that can follow prescriptive rules. Critics, however, warn that voluntary compliance may prove uneven without clear enforcement pathways.

Talent development forms another pillar of the blueprint. Universities and skilling platforms are expanding curricula that combine machine learning with ethics, law and product management, aiming to produce practitioners who can translate policy into code. Industry groups say demand is strongest for professionals able to design systems that pass audits and deliver return on investment, rather than purely experimental research. This has influenced hiring, with firms rewarding cross-disciplinary expertise.

Cloud providers and chipmakers are also recalibrating offerings for a market that prizes trust. Secure enclaves, confidential computing and on-premise deployment options are being pitched to enterprises wary of exposing sensitive data. Partnerships between domestic integrators and global technology companies have focused on localisation—language support, regulatory reporting and sector-specific controls—over raw model size.

Bolna has raised $6.3 million in funding from General Catalyst, marking a significant capital infusion for the Bengaluru-based startup as it expands its voice orchestration platform designed for enterprises operating across multiple languages and customer touchpoints. The investment positions Bolna to deepen its presence in India-focused use cases while sharpening its technology for regulated sectors that demand reliability, security and compliance in automated voice interactions.

Founded to address the growing demand for natural, human-like voice interfaces in customer engagement, Bolna develops software that allows companies to design, deploy and manage AI-driven voice agents across telephony systems. The platform focuses on orchestrating speech recognition, natural language understanding, dialogue management and speech synthesis in a single workflow, enabling businesses to automate calls without sacrificing contextual awareness or linguistic nuance. The funding round underscores investor confidence in voice as a critical interface as enterprises look beyond chat-based automation.

Executives familiar with the company’s roadmap say the capital will be directed towards product development, hiring in engineering and applied linguistics, and expanding enterprise partnerships. Bolna has prioritised support for multiple Indian languages and dialects, a feature that has become central as companies in banking, insurance, logistics and commerce seek to reach customers outside metropolitan centres. Industry analysts note that voice automation in India faces distinct challenges due to code-switching, accent variation and noisy environments, making orchestration and model tuning more complex than in English-only deployments.

General Catalyst’s backing reflects a broader venture trend towards applied AI infrastructure rather than consumer-facing chatbots alone. Investors have increasingly focused on platforms that sit beneath applications, enabling enterprises to integrate AI safely into existing workflows. In Bolna’s case, the emphasis on orchestration allows companies to plug in different speech-to-text or text-to-speech engines, including proprietary or open-source models, while maintaining control over call logic and data handling. This flexibility has become attractive as organisations navigate data residency rules and sector-specific compliance obligations.

Voice AI adoption has accelerated as call centres confront rising costs and labour shortages, while customers continue to rely on phone-based interactions for sensitive or complex queries. Research firms tracking enterprise automation report that voice remains the dominant channel for high-value customer service in India, particularly in financial services and public-facing utilities. Bolna’s platform aims to complement human agents rather than fully replace them, handling routine calls and triage before escalating complex cases. Company officials have said this hybrid approach improves efficiency while reducing customer frustration associated with rigid interactive voice response systems.

Competition in the voice AI space has intensified, with global players offering end-to-end solutions and local startups focusing on language coverage and integration with domestic telecom infrastructure. Bolna differentiates itself by positioning as an orchestration layer rather than a monolithic model provider. This approach aligns with enterprise preferences to avoid vendor lock-in and to adapt quickly as speech and language models improve. Analysts also point to the growing importance of observability and analytics in voice systems, areas where Bolna has invested to give clients visibility into call outcomes, latency and error rates.

The funding arrives amid heightened scrutiny of AI ethics and transparency. Voice systems, in particular, raise concerns around consent, disclosure and bias. Bolna has stated that it builds safeguards into deployments, including clear disclosures when callers are interacting with automated agents and configurable controls to limit sensitive data capture. Such measures are increasingly demanded by enterprise clients as regulators and consumers push for responsible AI use.

The inauguration was attended by national and local government leaders, including Cristina Roque, Secretary of the Department of Trade and Industry; Pamela Baricuatro, Governor of Cebu Province; Ace Durano, Cebu Provincial Administrator; Nito Durano, Mayor of Danao City; and Carmen Durano, Vice Mayor of Danao City.

Milestone Facility for a High-Growth Region

The Danao facility is the fourth—and largest—Jollibee Group commissary in Cebu and its first multi-brand, state-of-the-art commissary in the Philippines. It comes at a time of accelerating economic momentum in VisMin, driven by a strong tourism rebound, the rise of BPO hubs, expanding agribusiness exports, and growing manufacturing clusters—factors that continue to drive employment, consumer spending, and demand across the region.

Outfitted with advanced automation and integrated systems, the commissary is designed to support increasing demand across multiple Jollibee Group brands while generating efficiencies by consolidating equipment and production capabilities. This allows the Group to scale responsibly while upholding its standards for food quality, consistency, and operational excellence.

Supporting Brand Expansion and Same-Store Growth

The Danao Commissary supplies key ingredients and products for the Group’s major brands, including Jollibee, Chowking, Mang Inasal, Greenwich, Red Ribbon, and Burger King. These brands continue to expand their store networks in VisMin while sustaining same-store sales growth.

The facility strengthens the Group’s supply chain by supporting distribution centers serving Cebu, Iloilo, Bacolod, Zamboanga, Cagayan de Oro, and Davao, as well as select areas in Luzon—ensuring reliability and scalability as the company accelerates its nationwide expansion.

Economic Impact

Speaking during the program, Department of Trade and Industry (DTI) Secretary Cristina Roque highlighted the broader economic impact of the investment.

“Every new commissary that the Jollibee Group opens represents more jobs, more security, and more growth for our local industries,” Roque said. “As we open more commissaries, we are also encouraging more investments in our country while strengthening our supply chain.”

Speaking at the inauguration, Joseph Tanbuntiong, Chief Executive Officer of Jollibee Group Philippines and Global Head of Jollibee Brand, underscored the strategic importance of the new facility to both the company’s domestic and global growth.

“The opening of the Danao Commissary is both a reflection of our journey and a new beginning,” Tanbuntiong said. “Accelerating our growth by building on the strong momentum in Visayas and Mindanao is critical to our Philippine business.”

The investment also highlights the Jollibee Group’s confidence in Cebu as a strategic hub for manufacturing and logistics.

“This commissary underscores our confidence in Cebu—its people, its capability, and its role in our growth today and in the long term,” he added.

Community Impact and Sustainability

Beyond strengthening operational capacity, the Danao Commissary is expected to deliver shared value for local communities, generating close to 500 jobs, with over 60% of the workforce coming from Danao City. At full capacity, the commissary will create 800 jobs.

Sustainability features were integrated into the facility’s design and operations in line with the Jollibee Group’s Joy for Tomorrow agenda. From Day 1 of commercial operation, the Danao Commissary operates on 99% renewable electricity from geothermal sources. It is also equipped with roof-mounted solar panels, rainwater-harvesting systems, energy-efficient equipment, and wastewater treatment systems—supporting responsible, future-ready growth.

Tanbuntiong said the inauguration marks the beginning of a shared journey among stakeholders involved in the project.

“The success of the Danao Commissary is a shared success—for Danao, for Cebu, and for the nation. Together, we are building a stronger, more inclusive, and more sustainable future.”

Hashtag: #Jollibee

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

About Jollibee Group

Jollibee Foods Corporation (PSE: JFC) (the “Company”) is one of the world’s fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. It manages and operates a portfolio that includes 19 brands (the “Jollibee Group”) with over 10,000 stores and cafés across 33 countries.

The Jollibee Group’s portfolio includes nine (9) wholly-owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five (5) franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and in Botrista, a leader in beverage technology.

The Jollibee Group’s global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).

The Company has been recognized as the Philippines’ Most Admired Company by the Asian Wall Street Journal, named one of Asia’s Fab 50 Companies, and listed among Forbes’ World’s Best Employers and Top Female-Friendly Companies. The Company is also a four-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List.

To learn more about Jollibee Group, visit www.jollibeegroup.com