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A new regional network aims to change that.

The Professional Services (PS) Centre Singapore, officially launched today by Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, is the latest addition to a growing network of Professional Services Centres that connects businesses with trusted professional expertise across Asia.

Located at Level 2 of ISCA House, the Singapore PS Centre will serve as the anchor hub of the regional network, linking businesses to PS Centres in Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with Jakarta expected to join later this year. Future centres are also planned in Bangkok, Johor Bahru and Shenzhen.

Rather than building another office, the PS Centre is building something different, a trusted regional network where businesses can access local knowledge, professional expertise and business connections through one coordinated platform.

The initiative is led by the PS Centre Alliance, comprising the Association of Small & Medium Enterprises, Institute of Valuers & Appraisers, Singapore Business Federation, Singapore Chinese Chamber of Commerce & Industry, Singapore Manufacturing Federation, Tax Academy of Singapore, The Law Society of Singapore and the Institute of Singapore Chartered Accountants (ISCA).

Helping businesses solve real problems
As businesses expand across borders, the challenges they face have become more complex. They are no longer limited to setting up an office or understanding local regulations. Companies today are responding to geopolitical shifts, changing trade policies, supply chain realignment, AI disruption, cyber risks and growing sustainability expectations, while trying to build trusted relationships in unfamiliar markets. No single profession can solve these challenges alone.

The PS Centre brings together professionals from different disciplines, including legal, accounting, tax, corporate secretarial, HR, valuation, sustainability and business consulting, so businesses can access coordinated support instead of approaching each profession separately.

Beyond professional advice, businesses can tap on local business associations, government agencies, chambers of commerce and ecosystem partners connected through the PS Centre network.

More than a networking platform
The Singapore PS Centre will also introduce the Business Growth Clinic, a new initiative where business owners can bring real business challenges to a multidisciplinary panel of professionals.

Whether the challenge is expanding overseas, adopting AI, raising capital, restructuring a business or planning succession, businesses will receive practical guidance and be connected with the right professionals to help move their plans forward.

Early results from the network
Although the network is still in its early stages, businesses are already seeing results. Through the Shanghai PS Centre, Singapore based accounting firm Unity Assurance secured new business opportunities in China and subsequently established a joint venture with a local partner.

The Nanjing PS Centre supported firms such as Morningstar and Fiducia LLP with local business introductions, office setup and talent connections as they expanded into China. In Vietnam, the Ho Chi Minh City PS Centre has supported Singapore businesses such as Koda Ltd and JDI Ventures in navigating different aspects of regional expansion, such as guidance on pressing cross-border matters and local business introductions to support market entry. The Centre has also connected Vietnamese technology companies such as Techvify and Vinova with relevant networks and market insights to support their entry into Singapore.

These examples demonstrate how trusted local networks can shorten the time needed for businesses to enter new markets while reducing uncertainty.

Strengthening Singapore’s position as a trusted business hub
The Singapore PS Centre complements Singapore’s position as a global business and financial hub by extending trusted professional services into key markets across Asia.

As more centres are established, businesses will be able to tap on one connected network instead of building relationships from scratch in every country.

For Singapore professional services firms, it also creates new opportunities to support clients expanding overseas and to build partnerships with firms across the region.

Mr Lee Boon Teck, President, ISCA, said: “Business is becoming increasingly regional, but professional services are still largely organised country by country. Companies expanding overseas often spend months trying to identify trusted advisers and build local networks. The PS Centre network changes that. We are bringing together trusted professional firms, business associations and local partners across Asia, making it easier for businesses to expand with confidence. Our vision is simple. Wherever a business chooses to grow in Asia, there should be a Professional Services Centre ready to support that journey.”

Ms Junie Fo, Vice President & Head, Professional Services, Singapore Economic Development Board, said “Professional services firms play a critical role in helping Singapore-based enterprises navigate the rapidly evolving global business environment. The Singapore PS Centre will provide access to different professional services to support enterprises’ regional growth needs. EDB looks forward to working with members of the PS Centre Alliance to advance the Professional Services ecosystem.”

About the Professional Services Centre
The Professional Services Centre is a collaborative initiative by the PS Centre Alliance to support businesses expanding across borders through trusted professional expertise, local business networks and market access. The network currently spans Singapore, Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with further expansion planned across Asia and the Middle East.
Hashtag: #ISCA #CharteredAccountants #ProfessionalServices #ProfessionalServicesCentre #DifferenceMakers #Accounting #Accountancy

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

Institute of Singapore Chartered Accountants (ISCA)

At the heart of the showcase was Phancy’s “Token Factory”, which demonstrated a complete closed-loop from technological innovation and engineering implementation to industrial empowerment. The exhibit received widespread acclaim from industry leaders, government and enterprise representatives, international guests, and major media outlets. A number of high-profile guests visited the booth, sparking in-depth discussions on innovation opportunities and development trends in the AI 2.0 era.

Building the “Token Factory”: Full-Stack Capabilities Driving Scalable Industrial Adoption

At WAIC 2026, Phancy centered its presentation on its full-stack AI cloud service platform, demonstrating the “Token Factory” and turning the vision of scalable, reusable and deployable AI productivity into tangible industrial capabilities.

At the infrastructure and foundational layer, Phancy’s HAMi (virtual heterogeneous GPU management and orchestration platform) and ModelHub XC (opensource model adaption and optimization platform) effectively addresses key industry pain points — including localized deployment of large models, efficient computing resource scheduling and large‑scale implementation. These solutions provide a solid foundation for industrialized AI production and strengthen the Token Factory’s core advantages in efficiency, stability, and scalability. Both technologies attracted significant attention at the event, drawing government officials, industry experts, and enterprise clients for demonstrations, consultations, and partnership discussions.

Core Production and Intelligent Applications

At the core production and application layer, Phancy highlighted its AGI platform Phanthy Pantheon and the self-evolving AI modeling tool PhanthyModel, both of which significantly lower the barriers to building advanced models. On the delivery side, the company introduced its cross-platform embodied agent framework PhanthyMotus, the AI coding agent PhanthyCode, and the AI-powered film production platform PhanthyMovie. These solutions enable seamless integration of AI capabilities into real-world operations across a wide range of industries.

From computing orchestration and model development to intelligent agent deployment, Phancy continues to connect computing resources, AI models, developers, and industry ecosystems, driving the stable and efficient transformation of AI technologies into practical, scalable industrial productivity.

Internationally Recognized as a Trusted Global Industrial AI Solution

In addition to its technology showcase, Phancy received significant international recognition at WAIC 2026. At the Global Industrial AI Cooperation Forum, in the presence of high-level guests including the UN Deputy Secretary-General, Brazil’s Minister of Public Service Management and Innovation, and academicians from the Chinese Academy of Sciences, Phancy was selected as a “Global Flagship Case in Industrial AI” and named among the first batch of “Trusted Global Industrial AI Solutions.”

This prestigious honor validates Phancy’s technological reliability, compliance and real‑world implementation capabilities in industrial AI, and marks strong international endorsement of the company’s AI engineering and commercialization strengths.

Building an Open Industry Ecosystem and Entering a New Era of AI 2.0

The successful conclusion of WAIC 2026 was not only a celebration of technological achievements but also a powerful platform for deep industry collaboration. As AI moves into the era of large-scale application, Phancy will continue to pursue technological innovation and open collaboration, further strengthening its full-stack AI cloud service system.

Looking ahead, Phancy will work closely with global developers, industry partners, and clients to bring the “Token Factory” into more real-world scenarios, making AI a true driver of industrial upgrading and high‑quality productivity.

Hashtag: #PhancyGroup

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

Nine in ten Malaysians say they’re good homestay guests and the data backs them up

Key takeaways:

• 85% of Malaysians say being a respectful homestay guest is highly important – and 4 in 5 feel a sense of responsibility to surrounding communities
• Many say good guest behaviour is common sense and rooted in Malaysian values of respect and consideration
• Two thirds (66%) treat homestays as their own: washing dishes, taking out rubbish – with some even going the extra mile and leaving thank-you messages for hosts
• Since It’s Durian Season: Nearly 8 in 10 would ask first, step outside, or skip it entirely rather than bring durian into a shared space without permission
• Over 97% of stays made in Malaysia on Airbnb in the past year completed without any complaints or reported issues

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 20 July 2026 – Most Malaysians practice the same unspoken rules: take off your shoes at the door, keep the noise down after 10pm, ask for permission if you are bringing durian into someone else’s house, and whatever you do, don’t be the reason the neighbour complains. A new survey by YouGov, commissioned by Airbnb, suggests these habits don’t stay home. For most Malaysians, they travel.

The survey of 1,000 Malaysians who had stayed in a homestay in Malaysia within the past year found that 85% consider being a respectful homestay guest to be highly important, and 9 in 10 describe themselves as good or excellent guests*. But what sets Malaysian travellers apart isn’t just their attitude – it’s the reason behind it. The top motivators for good behaviour are common sense (61%), respect for the host (60%), and personal values (59%)*.

Malaysians also link their behaviour to something larger – seeing considerate guesting as a natural extension of Malaysian values of respect and consideration for others*. 82% say they would genuinely feel bad if their behaviour disturbed a neighbour during a stay, and 4 in 5 feel a sense of responsibility towards the surrounding community*.

Malaysians are not just polite, they go above and beyond

Good intentions, it turns out, translate into action. Around 60% of respondents surveyed stated that they consistently exhibit considerate behaviours during stays – keeping noise down after dark, parking without blocking others, following house rules, and disposing of rubbish properly. Two-thirds of those surveyed treat homestays like how they would treat their own homes, doing things beyond basic house rules. During their recent homestays, the majority of guests surveyed reported that they washed all the dishes before checking out, took out the rubbish, and tidied up the space — with some going even further to leave thank-you notes, water plants, or tidy beyond anything they’d touched. And 77% say they regularly check house rules before or at the start of a stay, not because they have to, but because they want to get it right.

Together, these everyday actions show that many Malaysians see short-term rentals and homestays as more than just one-off accommodations but an invitation into someone else’s home and community.

The durian dilemma

That same care also shows up in sticky, durian-sized situations. Durian season is here, prices are at an all-time low, and so is the age-old question of how to enjoy it without upsetting the neighbours in shared spaces. The report shows that Malaysians are mindful about strong-smelling food in shared buildings. Notably, rather than risk inconveniencing their host, 8 in 10 respondents say they would either ask the host first, eat durian outside or in the car park, or avoid bringing it altogether*. It’s a small gesture, but it captures something real: Malaysians don’t need a rule for every situation. They already know how to read the room.

A familiar way for Malaysians to travel

Short-term rentals are now part of the fabric of how Malaysians travel and of the neighbourhoods they travel through.

Among respondents, 60% say they choose short-term rentals or homestays for better value for money, 46% cited home-like amenities such as kitchens and laundry facilities, and 44% the ability to stay together as a group*. The survey also suggests that home-sharing has become a familiar part of many Malaysian neighborhoods. Among respondents who say that there are short-term rentals or homestays in their neighbourhoods, 96% have no objections – with 71% even expressing that they’re comfortable having one next door – reflecting growing familiarity with home-sharing across communities.

Where host standards meet guest expectations

Airbnb’s internal data reflects the same picture. From March 2025 to March 2026, over 97% of stays made in Malaysia on Airbnb were completed without any complaints or reported issues**. Guest Favourite listings in Malaysia – homes recognised for consistently delivering outstanding guest experiences – grew by over 40% between March 2024 to March 2026***. When guests arrive as good neighbours, the whole ecosystem benefits.

For Airbnb, the data tells a consistent story: a community that takes pride in the experience, on both sides of the door.

Amanpreet Bajaj, Airbnb’s Country Head for Southeast Asia and India, said, “At Airbnb, the most meaningful travel experiences happen when guests feel connected not just to a place, but to the people and communities around them. That comes down to small acts of consideration and kindness — neighbourly traits that come naturally to many Malaysians. As more people choose home-sharing for group trips and shared experiences, we want to continue fostering a culture of respectful travel, helping domestic and inbound travellers understand local customs, community expectations, and what it means to be a thoughtful guest. Together, we can ensure the benefits of travel are felt not just by guests and hosts, but by the neighbourhoods that welcome them.”

Helping travellers stay like good neighbours

As part of its commitment to responsible travel, Airbnb has launched the Good Guest Guide – a practical resource offering tips on how to enjoy Malaysia like a local while being a respectful guest and neighbour. The guide builds on Airbnb’s existing platform measures, including reservation screening technology, a global disruptive party ban, and the Guide to Responsible Hosting in Buildings, which provides hosts, guests, and strata communities with a Code of Conduct, a Neighbourhood Support Line, and reference by-laws for short-term rental activity in Malaysian buildings. From August 2026, the guide will be available for hosts to feature in their listings and will be emailed to all first-time guests booking in Malaysia.

*Based on a survey conducted by YouGov between 22 May – 8 June 2026, commissioned by Airbnb, of 1,000 Malaysian citizens aged 18–45 who had travelled domestically and stayed in a short-term rental or homestay within the past 12 months.

**Based on internal Airbnb data for stays booked in Malaysia from March 2025 to March 2026

***Based on internal Airbnb data for listings in Malaysia from March 2024 to March 2026
Hashtag: #Airbnb

https://news.airbnb.com/ms

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

About Airbnb

Airbnb was born in 2007 when two hosts welcomed three guests to their San Francisco home, and has since grown to over 5.5 million hosts who have welcomed 2.5 billion guest arrivals in almost every country across the globe. Every day, hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way.

For generations, mahjong has been far more than a pastime. Rich in symbolism, strategy and tradition, the centuries-old game has long brought families and friends together around a table, and today it is enjoying a global resurgence, winning new audiences across the United States and beyond.

Against this backdrop, the one-of-one creation brings together exceptional materials, artisanal craftsmanship and Imperial Feng Shui principles into a collector’s piece that channels cultural heritage into meaningful change.

Turning Prosperity Into Hope for Children

Diffuse Intrinsic Pontine Glioma (DIPG) is a rare and aggressive brain tumour that primarily affects children between the ages of five and 11, and has long been considered incurable. In 2024, doctors reported the world’s first case of a child effectively cured of DIPG, renewing global momentum in the field — yet research into the disease remains critically underfunded.

All proceeds from the sale of the mahjong set will be donated to DIPG Foundation Singapore, Singapore’s first foundation dedicated to advancing research into DIPG and other paediatric brain cancers. Founded by families who each experienced the loss of a child to the disease, the foundation supports research, advocates for greater access to innovative therapies and clinical trials, and provides resources for affected children and their families.

For Grand Master David Goh, founder of Imperial Harvest, donating the proceeds reflects a belief that prosperity carries its greatest meaning when it can be shared. The mahjong set celebrates abundance through symbolism and craftsmanship while channelling that value into research that brings hope to affected children and their families.

A Fading Craft, Reimagined

The set arrives at a time when the traditional art of mahjong tile carving is fading worldwide, lending its craftsmanship a significance beyond luxury alone. At the heart of the set are 156 playing tiles, including Animal, Fei and Joker tiles, individually crafted in untreated Burmese Grade A Black Jadeite. Revered for its rarity and cultural significance, the stone has long been associated with protection, resilience and prosperity, with every tile retaining its natural individuality.

The tiles are housed in a bespoke trunk wrapped in exceptionally rare Himalayan Niloticus crocodile leather, prized for its naturally occurring gradient reminiscent of snow-capped mountain peaks and sourced from a tannery that supplies some of the world’s most prestigious luxury maisons. Inside, aerospace-grade Alcantara — the same premium material found in the interiors of Ferrari and Lamborghini supercars — creates a soft, durable lining that protects every tile.

Where Feng Shui Meets Design

Guided by third-generation feng shui master Grand Master David Goh, every detail has been considered not only for its visual appeal but also for its symbolic significance, resulting in a collector’s piece that seeks to harmonise Heaven, Earth and humanity.

The conventional Singapore animal tiles have been replaced by the Four Celestial Guardians — the Azure Dragon, Vermilion Phoenix, White Tiger and Black Tortoise — mythical creatures deeply rooted in Chinese cosmology that traditionally represent protection, balance and harmony. Likewise, the flower tiles have been redesigned to depict four auspicious creatures: the bat, deer, crane and magpie, collectively symbolising fortune, prosperity, longevity and happiness.

Even one of mahjong’s most recognisable tiles, the Seven Dots, has been reimagined. Instead of following its conventional arrangement, the seven circles are positioned according to the “Seven Star Lighting” formation, an Imperial Feng Shui configuration believed to represent stability, clarity and strategic balance. The Character suit, meanwhile, features English transliterations such as “Yi Wan”, “Er Wan” and “San Wan”, making the set accessible to an international audience while preserving its cultural identity.

As Grand Master David Goh describes it, the set is “far beyond a Mahjong set. Every detail has been calibrated to harmonise Heaven, Earth and Man, ensuring that its owner engages not just in a game, but in a field of aligned opportunity, protection and infinite prosperity.”

A New Definition of Luxury

Whether viewed as a collector’s piece, a work of design or cultural heritage, the Imperial Feng Shui Mahjong Set occupies a category of its own — a reminder that the greatest luxury may ultimately be the opportunity to create meaningful change. It is a philosophy that Imperial Harvest carries through its bespoke Feng Shui consultation services in Singapore, where prosperity is understood as something to be built, and shared.

Hashtag: #ImperialHarvest #GrandMasterDavidGoh #ImperialHarvestMahjongSet #ImperialFengShui

https://imperialharvest.com/
https://www.instagram.com/imperialharvest/

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

About Imperial Harvest

The grand opening of VinFast dealers will take place from July 19 to 25, 2026, bringing VinFast’s genuine products and services closer to customers across Indonesia. The 20 new dealerships are located across key regions such as Jakarta, Bandung, Semarang, Yogyakarta, Medan, Palembang, Makassar and many other major provinces and cities nationwide.

The expansion follows strong customer response to VinFast’s Early Booking Program, which has attracted thousands of deposits across Indonesia.

Dealerships will provide a full range of services, including vehicle sales, product consultation, after-sales support, and customer care in accordance with VinFast’s global standards. In addition to showcasing and selling VinFast E-motorcycles, the dealerships will offer customers opportunities to test ride the vehicles, experience the battery swapping solution and home charging options, and learn more about VinFast’s attractive ownership policies. Customers can visit VinFast’s official website at: https://vinfastauto.id/ to locate their nearest dealership and register for a test ride.

The opening campaign kicked off with the VinFast E-Motorcycle Experience Day, taking place on July 18, 2026, at Tribeca, Jakarta. The event welcomed customers, media representatives, KOLs, business partners, and electric mobility enthusiasts to explore VinFast’s e-motorcycle lineup and green mobility ecosystem.

During the event, attendees explored the full range of color options available for the VinFast Evo, VinFast Feliz II, and VinFast Viper, while learning more about each model, VinFast’s battery swapping network, home charging solutions, and the energy infrastructure being developed in partnership with V-Green.

In addition to the product showcase, the event featured dedicated test ride sessions, battery swapping demonstrations, safe riding challenges, interactive games, and opportunities to engage directly with VinFast’s product specialists.

Ms. Vo Thi Cam Tu, Managing Director of VinFast E-scooter Overseas Market, said: “VinFast’s strategy goes beyond introducing high-quality electric vehicles. Our vision is to build a complete ecosystem that makes owning and using electric vehicles more convenient than ever. The launch of 20 dealerships across Indonesia, together with our battery swapping, charging, and after-sales service network, represents another important step toward realizing that vision. We hope more Indonesian consumers will choose E-motorcycles as a smart, economical, and sustainable mobility solution.”

The three e-motorcycle models introduced by VinFast in Indonesia are designed to meet the needs of different customer segments while sharing the company’s advanced technology platform and innovative battery swapping ecosystem.

The VinFast Viper features a sporty design tailored to young, tech-savvy riders. Meanwhile, the VinFast Feliz II and VinFast Evo build upon the proven strengths of their predecessors in Vietnam while incorporating refinements to better suit the needs and preferences of Indonesian consumers.

All three models are equipped with a 5,200W BLDC in-wheel motor. The VinFast Viper and VinFast Feliz II offer a top speed of 90 km/h, while the VinFast Evo reaches 80 km/h. Each motorcycle is designed with dual battery compartments under the seat, allowing the simultaneous use of two 1.5 kWh LFP batteries.

With two fully-charged batteries installed, the VinFast Evo delivers a riding range of up to 150 km, while the VinFast Viper and VinFast Feliz II can travel up to 145 km under standard testing conditions, making them well-suited for both daily commuting and longer urban journeys.

Customers can choose to purchase their motorcycles with batteries included or opt for a battery subscription plan. In addition to battery swapping, the motorcycles can also be conveniently charged at home.

As a special launch benefit, all VinFast E-motorcycle owners will enjoy free battery swapping at V-Green’s public battery swapping stations for one year, with a maximum of 20 battery swaps per motorcycle per month. The motorcycles are also backed by a warranty of up to 4+2 years or 60,000+12,000 kilometers, whichever comes first, helping reduce ownership costs while enhancing convenience and peace of mind.

The simultaneous opening of 20 e-motorcycle dealerships further demonstrates VinFast’s long-term commitment to the Indonesian market. By expanding its retail network, diversifying its product portfolio, and investing in energy infrastructure, VinFast is steadily building a comprehensive green mobility ecosystem that will help accelerate the country’s transition toward sustainable transportation in one of the world’s largest motorcycle markets.

Hashtag: #VinFast

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

The agreement gives Bespoke Logistics responsibility for warehousing, vehicle inspection, technical preparation, stockyard management and transportation before motorcycles are delivered to customers. The company will also operate a VinFast-authorised service workshop at the site.

The 20,000-square-metre facility is located in Carmona City in Cavite province, south of Metro Manila. It can store as many as 30,000 vehicles, providing VinFast with a central base from which to manage product checks, preparation and distribution.

The partnership is intended to reduce delivery times while ensuring that motorcycles meet the manufacturer’s technical and quality standards before reaching buyers. It will support the first deliveries of VinFast electric motorcycles in the country and provide capacity for a wider rollout as sales volumes increase.

VinFast will train and certify technicians employed at the facility. The two companies will also introduce standardised operating procedures, quality-control systems and a supply network for replacement parts. These measures are designed to reinforce aftersales support, an area that can influence consumer confidence in emerging electric vehicle brands.

Bespoke Logistics provides automotive warehousing, pre-delivery inspection, vehicle transport and stockyard services. Its Philippine operations include technical work conducted within warehouses and inventory-management services for automotive companies.

Bui Viet Hung, VinFast’s deputy chief executive for global aftersales service, said strong infrastructure and dependable aftersales operations were necessary to support the company’s products. He described the agreement as an important step in aligning Philippine distribution and servicing with VinFast’s international standards.

Bespoke Logistics president and chief executive Allan A. Mina said the company would operate the centre according to VinFast’s requirements while expanding the technical capabilities of its workforce. Irineo Niño Fabros, chief executive of VinFast Electric Motorcycles Philippines, represented the manufacturer at the signing ceremony.

The logistics arrangement forms part of a broader strategy to establish an integrated electric motorcycle ecosystem rather than relying solely on vehicle sales. VinFast is expanding its dealership network, service operations and battery-swapping infrastructure across the Philippines.

The company has signed agreements with 14 distributors to develop showrooms in areas including Metro Manila, Cavite, Laguna, Batangas, Metro Cebu and Metro Davao. The initial product range includes the Evo, Feliz II and Viper, which use swappable batteries intended to reduce the time riders spend waiting for vehicles to recharge.

VinFast has also outlined plans for about 30,000 battery-swapping points nationwide through infrastructure partnerships. The proposed network would allow customers to replace depleted batteries with charged units, addressing concerns over charging access, limited residential parking and lengthy charging periods.

Electric motorcycles are viewed as a potentially significant growth segment in the Philippines because motorcycles remain a widely used form of personal and commercial transport. Traffic congestion, fuel costs and demand for affordable mobility have encouraged manufacturers to introduce more battery-powered models.

However, market expansion depends on more than vehicle availability. Buyers require accessible repair centres, reliable battery supplies, trained technicians and confidence that spare parts will remain available. The Carmona operation gives VinFast a high-capacity facility for handling these requirements before its motorcycle business reaches larger scale.

The move also reflects VinFast’s increasing focus on Asian markets. The Vietnam-based manufacturer has expanded its vehicle and mobility operations across the Philippines, Indonesia and other regional economies through local dealers, logistics companies and infrastructure partners.

Its Philippine presence already includes electric cars and the Green GSM electric taxi service. VinFast has also worked with charging infrastructure operator V-Green as it attempts to build connected transport, energy and servicing networks around its vehicles.

The company’s international strategy has shifted towards markets where motorcycles, compact vehicles and urban transport services offer a larger potential customer base. Its product portfolio includes electric sport utility vehicles, scooters, bicycles and buses, allowing it to compete across several transport categories.

The Carmona facility’s storage capacity gives VinFast room to handle imports and deliveries beyond its initial motorcycle launch. Centralised inspection and preparation could also help the company maintain consistent standards while its retail network expands across geographically dispersed markets.

Under the agreement, Bespoke Logistics will operate an integrated mobility processing center and VinFast-authorized service workshop, responsible for warehousing, vehicle inspection, technical preparation of electric motorcycles prior to delivery, vehicle yard management, and transportation. Located in Carmona City, Cavite Province, the 20,000-square-meter facility has a storage capacity of up to 30,000 vehicles, helping streamline vehicle preparation, improve operational efficiency, and ensure product quality before delivery to customers.

As part of the partnership, VinFast will work closely with Bespoke Logistics to implement technician training and certification programs, transfer standardized operating procedures and quality control processes, and establish a parts supply system to support aftersales operations.

Bespoke Logistics specializes in automotive logistics, offering an end-to-end service portfolio that includes pre-delivery inspection (PDI), warehousing, vehicle yard management, transportation, and vehicle delivery. The company also has extensive experience in warehouse-based technical operations and modern vehicle and inventory management systems, serving as a trusted logistics partner for multiple automotive brands in the Philippines.

Partnering with experienced local companies such as Bespoke Logistics will not only strengthen VinFast’s logistics and service capabilities in the Philippines but also provide a strong operational foundation for the delivery of its first electric motorcycles to customers.

The agreement forms part of VinFast’s long-term strategy to develop a comprehensive, international-standard electric motorcycle ecosystem in the Philippines. Alongside the launch of its diverse lineup of battery-swapping electric motorcycles, VinFast is steadily expanding its distribution network, aftersales services, and battery swapping infrastructure to deliver a seamless, convenient, and reliable ownership experience for customers.

Mr. Bui Viet Hung, VinFast Deputy CEO of Global Aftersales Service, said: “At VinFast, world-class products must be supported by robust infrastructure and exceptional aftersales services. Our partnership with Bespoke Logistics is a key milestone in strengthening our distribution and aftersales capabilities in line with global standards, ensuring that customers in the Philippines enjoy high quality products and services from day one of ownership.”

Mr. Allan A. Mina, President and CEO of Bespoke Logistics said: “We are proud to partner with VinFast as it develops its electric motorcycle ecosystem in the Philippines. We are committed to operating the facility in accordance with VinFast’s international standards while continuously enhancing our team’s capabilities and operational processes to support the brand’s long-term growth in the market.”

Over the past few years, VinFast has steadily built a green mobility ecosystem across the Philippines, Indonesia, India, and other international markets through strategic partnerships with local companies and ecosystem partners such as Green GSM and V-Green. In addition to electric motorcycles, VinFast is expanding its product portfolio to include electric cars, electric bicycles, and electric buses, providing consumers with more sustainable mobility options while accelerating the global transition to greener transportation.

Hashtag: #VinFast

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

About About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) company with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses.

VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally while expanding its production footprint with a focus on key markets across North America, Europe, the Middle East and Asia.

Learn more at: https://vinfastauto.ph/

About Bespoke Logistics

Bespoke Logistics is a Philippine-based automotive logistics, warehousing, and mobility solutions company specializing in vehicle processing, stockyard management, electric vehicle support services, transportation, and distribution.

Through its Mobility Processing Center platform, Bespoke Logistics provides integrated solutions for automotive manufacturers, distributors, and emerging mobility brands operating in the Philippines.

By Nitya Chakraborty Former Bangladesh Prime Minister Sheikh Hasina’s announcement last week to return to her country in December this year ending her exile in India, has created big interests in global diplomatic circles, apart from India and Bangladesh. In an interview to the Reuters, she said that she intends to return to her own […]

The article Decoding Sheikh Hasina’s Announcement On Returning To Dhaka In December appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The decision was announced during the discussion “Competition Development in Global Grain Trade: Joint Efforts of BRICS Countries”, organized by the BRICS Competition Law and Policy Centre on the sidelines of the 23rd Session of the UNCTAD Intergovernmental Group of Experts on Competition Law and Policy in Geneva.

The event included a closed meeting of BRICS competition authorities and a public panel featuring researchers, academics and representatives of international organizations.

Discussions focused on competition in global grain markets, the growing influence of financialization and digitalization across agricultural value chains, and policy tools to improve market transparency. Participants also reviewed the findings of a joint report prepared by the BRICS Competition Centre and UNCTAD (link: https://www.bricscompetition.org/ru/grainreport) , first presented at the 9th BRICS International Competition Conference in Cape Town in 2025.

A coordinated market study

The central outcome of the meeting was the establishment of a BRICS task force that will coordinate a joint sector inquiry into global grain trade within the framework of the BRICS Working Group on Food Markets.

The task force will be co-chaired by Diogo Thomson, President of Brazil’s Administrative Council for Economic Defense (CADE), and Mahmoud Momtaz, Chairperson of the Egyptian Competition Authority (ECA).

Thomson welcomed the initiative and proposed making competition in global grain trade a key topic at the next BRICS International Competition Conference, scheduled to take place in Brazil in 2027.

“Brazil is the only jurisdiction that has launched an investigation into digital grain trading platforms such as Covantis. I therefore strongly welcome this sector inquiry, which will help us better understand the impact of digitalization across grain supply chains and the risks it may create for competition. I also support using the BRICS Competition Centre as the coordination platform for this work,” he said.

Momtaz said one of the main conclusions of the BRICS-UNCTAD report was the significant role speculative activity plays in global grain markets.

“One of the key findings of the report presented by the BRICS Competition Centre is the extent to which speculative factors influence global grain trade. The most effective response is greater market transparency. We should not accept a situation where farmers receive only a small share of the value they create while consumers in Egypt pay excessively high prices for bread. Where does this margin accumulate, and who ultimately benefits from it? These are the questions our sector inquiry should answer,” he said.

He also proposed that the task force develop a common AI-powered price monitoring tool covering BRICS grain markets.

“Such a tool would provide the information needed for market analysis and become an important complement to the joint sector inquiry,” Momtaz added.

From analysis to policy recommendations

Hardin Ratshisusu, Deputy Commissioner of the Competition Commission of South Africa, said the study should contribute to the implementation of the BRICS Grain Exchange initiative endorsed by BRICS leaders in the Kazan Declaration (2024) and the Rio de Janeiro Declaration (2025).

“The proposal to establish a BRICS Grain Exchange should become one of the key recommendations of the sector inquiry as an innovative mechanism for restoring competition in global grain trade. Our objective is not merely to identify market problems but to develop practical recommendations that can ultimately be submitted to the leaders of our countries,” he said.

Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre, said competition authorities should play a central role in designing the institutional framework of the future exchange.

“The BRICS Grain Exchange should not become another formal institution. It must serve as a practical mechanism for improving competition and market transparency. Competition authorities are uniquely positioned to identify the institutional features that will allow the exchange to achieve these objectives,” he said.

Growing international role

Frédéric Jenny, Chairmanof the OECD Competition Committee, said the initiative demonstrated the growing international role of BRICS competition authorities.

“This project illustrates how BRICS competition authorities are becoming drivers of the global competition agenda. In the past, they largely followed the lead of developed jurisdictions. That is no longer the case. There are very few examples worldwide of such close cooperation between competition authorities. This applies not only to joint market studies, but also to enforcement cooperation and competition advocacy. Rather than acting individually, you have found both the mechanisms and the political will to work together,” Jenny said.

The task force will now begin developing the methodology and work plan for the joint inquiry. Its findings are expected to provide policy recommendations aimed at strengthening competition, improving transparency in global grain trade, and supporting future BRICS initiatives in agricultural markets.

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