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The transaction follows the landmark property’s March 2026 debut and marks the completion of the joint venture transformation of the Lake Como site into a five-star EDITION hotel

BANGKOK, THAILAND – Media OutReach Newswire – 9 September 2026 – Bain Capital, a leading global private investment firm, and Omnam Group, a Europe-based hospitality real estate developer and investor, recently announced the sale of The Lake Como EDITION to Sansiri Capital, the hospitality trophy asset fund of Sansiri Public Company Limited, a leading Thai real estate developer with more than 40 years of experience. The transaction marks the culmination of the partners’ transformation of the landmark Lake Como property into one of Italy’s most significant new luxury hospitality destinations. The transaction is expected to be completed in the next several weeks. Completion remains subject to customary closing conditions and required third-party approvals. Financial terms were not disclosed.

Set on the shores of Cadenabbia, the property occupies a rare waterfront position opposite Bellagio, with access to Milan and Malpensa International Airport in approximately one hour. The landmark 19th-century palazzo was acquired by Bain Capital and Omnam Group in late 2021. An extensive redevelopment began in April 2022, reimagining the historic property as The Lake Como EDITION. The hotel opened in March 2026, just under six months ago, as part of Marriott International’s EDITION Hotels portfolio, introducing a new expression of contemporary luxury to one of Italy’s most iconic destinations.

At acquisition, Bain Capital and Omnam identified an opportunity to create a new luxury hospitality offering in a market characterized by strong international demand, limited five-star supply and significant barriers to new lakeside development. Acquiring the property with vacant possession enabled the partners to undertake a comprehensive repositioning rather than an incremental refurbishment.

The sale reflects growing international investor interest in distinctive, experience-led European hospitality assets and marks Sansiri’s strategic expansion into Europe’s luxury hospitality sector through the Sansiri Capital fund, further strengthening its portfolio of trophy assets. For Bain Capital and Omnam Group, the transaction demonstrates the value created by combining real estate investment, development expertise and leading hospitality partners to reposition a complex asset.

The redevelopment substantially reconfigured the property, reducing the former hotel’s room count from nearly 300 to 148 larger rooms and suites and creating a new spa and wellness building, alongside an extensive food and beverage and leisure offering. The transformation also incorporated the property’s distinctive waterfront amenities, including its floating pool and beach club.

Ali Haroon, a Partner and Head of Europe Real Estate for Bain Capital, said:

“Lake Como is a strong example of how we approach real estate investing in Europe. We focus on sectors supported by long-term structural demand and opportunities where our capital, local relationships and hands-on capabilities can fundamentally transform an asset. Together with Omnam, we have taken a highly underinvested property in an irreplaceable location and created a contemporary luxury destination for the international market. This is exactly the type of complex, execution-led opportunity we seek across our Europe Real Estate strategy.”

David Zisser, CEO and Founder of Omnam Group, said:

“The Lake Como EDITION has been an ambitious undertaking from the outset. Our vision was to take a remarkable historic property in one of the world’s most iconic destinations and give it new relevance through architecture, design and hospitality, while remaining deeply connected to the character of Lake Como.

Together with Bain Capital and an exceptional group of partners, we have taken that vision from acquisition and development through to the opening of a landmark new hotel. We are immensely proud of what has been created. The completion of this transaction is a significant milestone for Omnam and a testament to the strength of our development approach, while marking the beginning of an exciting new chapter for The Lake Como EDITION.”

The sale of The Lake Como EDITION marks the latest chapter in Omnam Group’s expanding presence across Europe, where an ambitious pipeline of projects is currently underway in Florence, Venice, Puglia and Sicily — each reimagining distinctive properties into internationally relevant lifestyle destinations.

The acquisition also marks a significant international investment for Sansiri Public Company Limited, bringing one of Lake Como’s newest luxury hospitality assets into its trophy-asset portfolio through Sansiri Capital, the hospitality trophy-asset investment arm.

Napat Thavisin, President of International Operations, Sansiri Public Company Limited and Managing Director of Sansiri Capital, said:

“The acquisition of The Lake Como EDITION marks a significant milestone in advancing Sansiri’s New S-Curve strategy. It strengthens our financial resilience and diversifies risk across our global hospitality portfolio. We remain focused on ultra-luxury trophy assets in gateway cities and high-demand leisure destinations—markets characterised by robust demand and inherently constrained supply. This disciplined capital-allocation approach is designed to maximise long-term shareholder value.

As Thailand’s No.1 most trusted luxury real estate developer, with 40 year of experience, Sansiri brings a proven record in global markets from The Manner SoHo, New York to the growth of Standard International prior to its acquisition by Hyatt Hotels Corporation. Leveraging this expertise, we look forward to stewarding this exceptional investment in The Lake Como EDITION under Sansiri Capital’s ownership, in collaboration with Marriott International, which will continue to operate the hotel, while further diversifying our revenue streams across major global currencies. Looking ahead, Sansiri will actively pursue trophy-asset investments in premier leisure and gateway destinations worldwide, reinforcing our position as a fully integrated global real estate and lifestyle investment platform.”

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From popular styles such as fades, undercuts and hair tattoos to services including shampooing, facial shaving, ear cleaning and massage, the brand aims to create a personalized grooming experience.

Its stores also feature greenery, bookshelves and relaxation areas, turning a haircut into a genuine moment of leisure.

Today, East West Barbershop operates more than 130 branches globally, with over 1,000 employees.

Behind these figures remains a simple ambition: To take Vietnamese barbering further through the skill and dedication of its barbers.

East West Barbershop’s European journey is more than opening another store. It demonstrates that a Vietnamese brand can enter international markets through craftsmanship, professionalism and a distinctive identity.
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By Dr. Gyan Pathak Guwahati High Court’s September 3, 2026 order to bring the woman pushed into Bangladesh as infiltrator back to India and to give interim compensation of ₹2 lakh to her husband has brought the BJP’s infiltrator politics on test for accountability. The order has already made the BJP led Government of Assam […]

The article BJP’s infiltrator politics in Assam on test appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Frost & Sullivan credited TP’s ability to move AI from experimentation into live operations, which Frost identified as one of the most urgent gaps in the industry. TP applies AI across the service delivery lifecycle to help teams become productive faster and improve service quality at scale. This starts with AI-enabled recruitment and onboarding, extends into simulation-based training that helps customer experts build proficiency before handling live interactions, and continues through workforce management and AI-assisted coaching. In quality assurance, TP now reviews every transaction rather than the small sample the industry has traditionally relied on, sharpening coaching precision, compliance visibility and operational learning.

“As AI becomes embedded into customer operations, enterprises need outcome-based models that orchestrate AI and human agents to improve productivity and deliver measurable business value,” said Dave Rizzo, President and CEO, APAC, TP. “TP designs workflows that use AI to elevate human work, while linking productivity gains to the business outcomes clients want to achieve. Being named Frost & Sullivan’s Asia-Pacific Company of the Year recognizes the progress we are making in delivering that transformation for clients across the region.”

Frost & Sullivan highlighted TP’s work with a major hospitality brand in Singapore as an example of this approach in practice. The engagement went beyond operational delivery to integrate technology across legacy and modern systems, while also implementing an AI-enabled knowledge platform that delivers trusted, context-aware answers to customer inquiries across multiple operational teams and lines of business. Together, these capabilities supported a broader redesign of the service infrastructure behind a high-touch, premium customer experience. Beyond individual client engagements, TP’s operations across Asia-Pacific play a dual role in TP’s strategy as both a delivery engine and a business development engine in a high-growth demand market. Frost & Sullivan noted that TP’s regional footprint enables it to respond to different language, regulatory, cultural, and operational requirements.

“The company’s centers of excellence in Asia-Pacific contribute to the development of solutions across AI, machine learning, natural language processing, analytics, and automation. This gives the region a role beyond labor delivery. It becomes a capability engine for global transformation,” said Krishna Baidya, Vice President, ICT Practice, Frost & Sullivan.

Frost & Sullivan also highlighted TP’s approach to reframing the traditional onshore-versus-offshore debate. Across Asia-Pacific, TP supports offshore, nearshore, onshore and hybrid delivery models, using technology and local market capabilities to balance cost efficiency, service quality, language requirements and regulatory needs. This flexibility allows TP to tailor delivery models to the realities of individual markets rather than relying on a single approach.

With operations in close to 100 countries and services spanning more than 170 markets, TP combines global scale with regional delivery depth, technology and human expertise. Across Asia-Pacific, this is translating into measurable outcomes, including an agentic triage use case that reduced referral-to-booking turnaround from approximately 24 hours to minutes while improving booking conversion. The recognition reflects how TP is evolving its digital business services for the next phase of AI-enabled transformation while keeping human oversight, empathy, judgment and relationships central to the service model.

Hashtag: #TP

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AboutTP in SINGAPORE

TP in Singapore is part of the TP Group, a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world’s biggest brands and their customers. The Group’s comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including high-value digital transformation services, collections and operations consulting. It also offers a range of specialized services such as interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group’s local presence allows it to be a force of good in supporting communities, clients, and the environment.

For more information: www.tp.com.

Deputy Prime Minister Ekniti Nitithanprapas outlined an investment-led blueprint anchored by an upgraded Joint Public Private Committee (JPCC), private-sector syndication, and World Bank alignment ahead of the 2026 Annual Meetings and 2028 ASEAN Chairmanship.

BANGKOK, THAILAND – Media OutReach Newswire – 7 September 2026 – Thailand is ready to cross into “new horizons” — achieving high-income status and driving a more resilient ASEAN, declared Deputy Prime Minister and Minister of Finance Dr. Ekniti Nitithanprapas as he delivered the closing address at the Bangkok Business Summit 2026 today,

Detailing the strategic “why, how, and design” of the national transition, Dr. Ekniti stated that entering new horizons is an unavoidable global imperative. While ASEAN is uniquely positioned to capture emerging opportunities, the region must guard against severe geopolitical, technological, and climate risks with proactive, unified action.

“The goals must be clear, and we are completely on the same page: Thailand must achieve high-income status,” said Dr. Ekniti.

“The recipe provided by the World Bank aligns directly with what our business leaders have outlined. An investment-led growth policy, private-sector-centred endeavours, and persistent implementation are what the government and business community are now executing together. Think of the seven new growth engines as our forwards on the pitch. The government acts as both coach and midfielder — spearheading investment, driving trade, empowering SMEs, unlocking regulatory friction, and cultivating human capital. Meanwhile, fiscal and financial stability serves as our steadfast defensive backline.”

Dr. Ekniti affirmed that the Joint Public and Private Committee (JPPC) will no longer function as a purely advisory body, but will operate as an executive economic steering council mandated to enact structural reforms and track execution against the World Bank’s recommendations.

“We will not be the same old Thailand. We will be driving the global agenda. Thailand will enter new horizons, empower people, and build resilience,” Dr. Ekniti emphasised. “In the next two years, Thailand will assume the Chairmanship of ASEAN. We will establish a long-term, multi-year agenda for a stronger, more resilient ASEAN. If this new model of public-private partnership carries on, we will decisively reinvent Thailand.”

Key leaders representing the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) delivered strategic sector priorities to anchor the transition.

Payong Srivanich, Chairman of the JSCCIB and the Thai Bankers’ Association, underscored that reinventing the economy requires modernising legacy industries while creating space for future engines.

“From three core challenges – structural, competitiveness, and public-sector efficiency – came the White Paper outlining the seven industries of the future,” stated Mr. Payong. “This time, the government has presented a credible policy framework based on collaborative public-private partnership. Thailand must address fundamental security—whether in food, energy, or low-carbon growth. We are declaring to the world that we are done with planning and on the same page. Now we are geared up for execution.”

Dr. Poj Aramwattananont, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, stressed that amid geopolitical friction, geoeconomics, and regional conflict, growth must be anchored in ASEAN’s 600-plus million people which serve as both supply and demand networks.

Adapting to international trading rules is inseparable from Thailand’s targeted accession to the OECD by 2028. The accession process acts as the structural catalyst to modernise domestic legislation, corporate governance, transparency, and fair market competition to premier global standards—lowering compliance costs and solidifying investor confidence.

Pimjai Leeissaranukul, Chairwoman of the Federation of Thai Industries, insisted that Thailand must build its own brand; it can no longer afford to be just the world’s OEM. She called for a decisive departure from labor-cost competition toward high productivity, automation, AI, and green sustainability. She advocated expanding target sectors—such as next-generation electric vehicles, smart electronics, automation, and wellness—while enforcing enhanced public procurement.

Carlos Felipe Jaramillo, Vice President for East Asia and Pacific at the World Bank, observed that the eyes of the financial world will be on Bangkok next month as it hosts the 2026 IMF–World Bank Group Annual Meetings, providing Thailand with a premier global stage to show that it is advancing on a credible pathway to attain high-income status by 2037.

“The World Bank has presented a series of structural reforms that Thailand can pursue to reach high-income status, creating more and better-paying jobs for young Thais in the future,” Mr. Jaramillo stated. “The plan deliberately puts the private sector at the center, because experience has taught us that the private sector is the primary engine of employment. This reform agenda is multifaceted, requiring coordinated national effort, and, more importantly, relentless persistence in implementation.”

The Bangkok Business Summit 2026 concluded with a clear consensus: today’s closing discussions mark the formal launch of sustained, institutionalised execution across the public sector, private enterprise, and multilateral institutions to ensure Thailand stands as a resilient economic anchor for the wider ASEAN region.

Hashtag: #JSCCIB

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Addressing the second edition of the summit at Le Meridien, Kochi, on Saturday, Abraham said cyberattacks had evolved to a point where they could cripple countries and organisations, disrupt critical infrastructure and interfere with military operations without conventional weapons being used.

He cited a 389 per cent year-on-year rise in confirmed ransomware victims worldwide, a figure also recorded by FortiGuard Labs for 2025, when 7,831 victims were identified compared with about 1,600 a year earlier. The security company linked part of the increase to the availability of AI-enabled crime tools and automated attack capabilities.

Abraham also pointed to the financial impact of online fraud across India, saying reported losses reached Rs 19,813 crore in 2025. Data compiled by the Indian Cyber Crime Coordination Centre from the National Cyber Crime Reporting Portal put the number of complaints that year at about 21.77 lakh, underscoring the volume of fraud cases confronting enforcement agencies and financial institutions.

The senior police officer said artificial intelligence had changed both the economics and operational reach of cybercrime by allowing attackers to automate tasks that previously required greater technical skill, time and manpower. That shift has increased the need for organisations to design systems capable not only of preventing breaches but also of continuing essential operations and recovering quickly when attacks succeed.

A shortage of cybersecurity skills is adding to the pressure. Abraham referred to a global gap of 4.8 million cybersecurity professionals, an estimate published by ISC2 in its 2024 workforce study. The organisation’s 2025 study shifted emphasis from total headcount to shortages in specific skills, finding that employers were increasingly concerned about capabilities in areas such as artificial intelligence, cloud security and incident response.

Abraham said Kerala’s human-resource base could provide an advantage in meeting demand for cybersecurity expertise, provided training kept pace with rapidly changing threats. His remarks placed workforce development alongside technology investment as a central component of cyber resilience.

Gaganyaan astronaut-designate Air Commodore Prasanth Balakrishnan Nair, who also addressed the summit, said cybersecurity alone would not be sufficient unless India strengthened its own artificial-intelligence capabilities. He said future conflicts and industries would increasingly blur distinctions between physical and digital domains, making sovereign technological capacity more important.

“No amount of cybersecurity is ever completely sufficient. True security can only be guaranteed if we develop our own AI technology,” Nair said, arguing that the country should use its software strengths to build indigenous systems rather than depend entirely on technologies developed elsewhere.

Ernakulam MP Hibi Eden inaugurated the summit. He welcomed an initiative by F9 Infotech to provide cybersecurity training, awareness programmes and certification without charge to government educational institutions across Kerala, an effort aimed at expanding access to basic cyber skills.

F9 Infotech founder Jayakumar Mohanachandran said cyber protection needed to extend beyond corporate leadership and specialist teams to ordinary users, businesses and public institutions. He said more than Rs 56,000 crore in cyber-fraud complaints had been recorded across India over the past three years, while response systems had helped prevent losses exceeding Rs 11,000 crore across roughly 32 lakh complaints.

FortiGuard Labs’ 2026 threat assessment, reflecting 2025 activity, also found that exploitation attempts rose by about 25 per cent to nearly 122 billion worldwide, while critical vulnerabilities could be targeted within 24 to 48 hours of disclosure. The findings illustrated the shrinking window available to defenders to patch exposed systems, revoke compromised credentials and contain intrusions before attackers move laterally through networks or deploy ransomware at scale globally.

By Dr. Gyan Pathak The talks between the representative of the United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA) held on September 4 has failed. On the one hand, UFBU has said that they are not in a position to defer their multiple strike schedule in banks, beginning from September 11, […]

The article No breakthrough in resolving bank strikes due from Sept 11 appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The Hangzhou-based AI developer is expected to use the chips primarily for inference, the process of running trained models and generating responses, rather than for the more computing-intensive task of training frontier systems. DeepSeek continues to rely on Nvidia accelerators for training, underscoring the performance gap that still separates domestic processors from the US company’s leading hardware in some workloads.

The planned installation forms part of a roughly gigawatt-scale computing project in Ulanqab, about 350 kilometres northwest of Beijing. DeepSeek aims to bring at least part of the facility into operation by late 2027 or early 2028, although the schedule depends heavily on Huawei’s ability to manufacture and deliver enough processors.

Neither DeepSeek nor Huawei has publicly confirmed the chip order. The scale and timing therefore remain subject to change, particularly because supplies of high-end memory and other advanced components are expected to constrain production of the Ascend 950DT. Fulfilling an order of this size could take more than a year while Huawei also serves other domestic and overseas customers.

The order would be unusually large even by the standards of China’s accelerating AI build-out. Huawei has projected that its Atlas 950 SuperCluster can combine more than half a million 950DT processors, but supplying individual customers at that scale requires sufficient yields, memory and packaging capacity. DeepSeek’s proposed allocation alone would absorb a sizeable share of near-term output, potentially forcing deliveries to be staged as manufacturing volumes ramp through 2027.

Huawei has said the Ascend 950DT is designed for both the decode stage of AI inference and model training. The company’s published roadmap gives the processor 144 gigabytes of proprietary high-bandwidth memory, memory-access bandwidth of 4 terabytes per second and interconnect bandwidth of 2 terabytes per second. Huawei has scheduled the chip for availability in the fourth quarter of 2026.

DeepSeek’s decision to reserve the processors mainly for inference would reflect a broader pattern among China-based AI developers, which are increasingly adapting models to domestic hardware while retaining Nvidia systems for demanding training jobs where available. DeepSeek has already optimised models for Ascend processors, helping reduce dependence on imported chips for serving large volumes of user queries.

The planned cluster would also advance Beijing’s effort to build a more self-reliant AI computing ecosystem as US export controls restrict China’s access to Nvidia’s most advanced processors. Authorities have encouraged technology companies to adopt domestic chips, while access to some Nvidia products remains tightly controlled by both Washington’s licensing regime and Beijing’s own approvals.

DeepSeek has sought government support in securing a larger and faster allocation of Huawei processors for the project. The request highlights the pressure on domestic supply as AI laboratories, cloud providers and internet groups compete for scarce accelerators capable of supporting increasingly large models and growing inference demand.

The Ulanqab facility is designed to provide about one gigawatt of computing capacity. The proposed 160,000-chip Huawei deployment would account for only part of that total, leaving open the question of which processors DeepSeek will use for the remainder of the site.

Huawei is simultaneously expanding the scale of its own AI infrastructure products. Its Atlas 950 SuperPoD, built around Ascend 950DT chips, is designed to connect as many as 8,192 processors into a single logical system. Huawei has also outlined an Atlas 950 SuperCluster using more than 520,000 Ascend 950DT chips, illustrating the company’s push to compete at data-centre scale rather than solely at the level of individual accelerators.

For DeepSeek, the planned purchase would represent a substantial increase in dedicated domestic computing capacity as it spends heavily on infrastructure. The company has been expanding server access, chip procurement and data-centre capacity while developing successive generations of large AI models.