Arabian Post Staff -Dubai Oman has launched a $1 billion lithium-ion battery materials project in Sohar Free Zone, marking one of the Sultanate’s most significant moves into the clean-energy manufacturing supply chain and deepening its push to attract advanced industrial investment beyond oil and gas. The project centres on an anode materials production plant with planned annual capacity of up to 200,000 tonnes, a scale that places […]
BUDAPEST, HUNGARY – Media OutReach Newswire – 31 May 2026 – The 2025/26 UEFA Champions League Final has drawn to a spectacular close in Budapest, with Paris Saint-Germain emerging victorious to lift the legendary trophy. As an official partner of the UEFA Champions League for four consecutive years, global technology brand OPPO joined the celebrations to mark the end of another action-packed season supporting football development and football culture worldwide with technology. With its advanced camera technology and Make Your Moment philosophy, OPPO has enabled millions of football fans worldwide to capture highlights and record life-defining moments both inside and outside the stadium this season, inspiring everyone to Take Your Shot with OPPO.
Telephoto Camera & AI Take Match Viewing to a New League
At the event in Budapest, OPPO showcased its latest telephoto camera technology and AI innovations in an immersive exhibition featuring the latest flagship Find X series—including the newly launched OPPO Find X9 Ultra—alongside the Find N foldable series and the Reno series. Equipped with a Hasselblad-powered 10x optical telephoto zoom, the OPPO Find X9 Ultra enables fans to capture detailed stadium moments with remarkable clarity, even from the upper tiers, while 8K ultra-clear video recording and advanced AI imaging capabilities make it easier than ever to capture decisive match moments, including game-winning shots, as if standing on the sidelines. Through the comprehensive end-to-end image ecosystem, OPPO Find X9 Ultra users can also share footages at near to original image quality across social platforms instantly. From high-resolution capture, smart editing, to lossless sharing, OPPO makes it effortless to Take Your Shot and Make Your Moment with exciting match moments preserved in vivid detail.
Empowering Global Football Development and Igniting Passion Worldwide
Beyond the pitch, OPPO continues to support football development through innovation and partnership programs, using its advanced smartphone imaging capabilities to help fans around the world capture iconic match moments and share the passion and emotion of the game. In collaboration with Discovery, OPPO has produced a UEFA Champions League short film that showcases the emotional power of football told through real fan stories, using OPPO imaging technology to bring the spirit of the game to audiences globally.
Over the past year, OPPO has also launched a range of football partnerships and community initiatives around the world. In Indonesia, OPPO became the official smartphone partner of the BRI Super League for the 2025–2027 season, supporting the continued development of football in the country. Meanwhile in Mexico, as the official sponsor of football club Gambeta FC, OPPO supported the club’s youth academy through equipment donations, scholarship programs, tournament organization, talent development initiatives, and professional coaching resources. Through these efforts, OPPO is helping players of different ages to develop their talent and chase their dreams of becoming professional football players while continuing to support and inspire a shared passion for football across communities worldwide.
In May 2026, OPPO Colombia announced football star Luis Díaz as its official brand ambassador. As part of the partnership, OPPO teamed up with the Luis Díaz Foundation to launch the “Lucho por Colombia (Fight for Colombia)” social responsibility initiative. The program provides smart connected devices and support for digital skills training centers across Colombia’s La Guajira region, helping expand access to digital education in local communities. Through collaborations with the football star, alongside other public welfare initiatives and continued product innovation, OPPO continues to strengthen its connection with local communities and further expands its presence across Latin America under its long-term commitment to the market.
Beyond these social and community welfare initiatives, OPPO has also launched a number of football-themed events that bring the brand and football fans closer together worldwide through a shared passion for football. On the eve of the UEFA Champions League final, OPPO invited football legends Theo Walcott and Claude Makélélé to join a 5v5 friendly match in Budapest, where the legends shared skills, career experiences, and discussed their perspectives on the game with fans. Key moments throughout the match were captured using OPPO’s latest flagship smartphone, the OPPO Find X9 Ultra, with every pass, shot, and interaction recorded in vivid detail through the device’s advanced imaging capabilities.
Inspiring Young Creators and Championing Football Culture
Ahead of the final, OPPO partnered with Discovery Channel to launch the Filmmaker Accelerator Program. With mentorship from Discovery, the initiative encourages aspiring creators to capture diverse stories using OPPO imaging technology, helping to support young creators globally. With football culture as one of the program’s core themes, OPPO is not only empowering the next generation of creators with a platform for expression but also enriching stories around football culture through these diverse perspectives, taking the spirit of football beyond borders to connect with broader audiences worldwide. As part of the program, a special documentary video exploring football culture is set to premiere worldwide at the end of June 2026.
As another sensational UEFA Champions League season comes to an end, OPPO looks forward to continuing to use its world-leading innovation to bring football fans around the world more powerful and user-friendly technology that enables everyone to Make Your Moment by capturing football highlights both on and off the pitch. In the meantime, OPPO will continue to deepen its long-term partnerships with global football institutions, promoting new ways of expressing and sharing football culture as it takes the game to the next level worldwide.
Hashtag: #OPPO
The issuer is solely responsible for the content of this announcement.
Hyperliquid is drawing fresh attention from institutional crypto investors after Grayscale said the decentralised trading platform could evolve into a major financial services business as blockchain-based markets push deeper into derivatives, spot trading and real-world asset exposure. The digital asset manager’s assessment places Hyperliquid among the most closely watched platforms in decentralised finance, citing its growth in perpetual futures, expanding product range and token-linked economics as signs […]
Cash App has opened USDC payments to eligible customers, giving one of America’s largest consumer finance apps a stablecoin payments rail while keeping Bitcoin at the centre of its digital assets strategy. The Block-owned platform now allows users to send and receive USD Coin without managing a separate stablecoin wallet. USDC sent into Cash App is converted automatically into US dollars, while outgoing payments can be made […]
Global energy markets face mounting strain heading into the northern hemisphere summer as the prolonged closure of the Strait of Hormuz threatens fuel availability, price stability and wider economic resilience across oil-importing economies. Warnings from the International Monetary Fund, the International Energy Agency and the World Bank have sharpened concern that emergency inventories are being depleted at an unusually rapid pace after weeks of disruption to one […]
Cybersecurity teams are racing to patch a Palo Alto Networks authentication-bypass flaw after confirmed exploitation against exposed GlobalProtect deployments raised the risk profile of a vulnerability first disclosed this month. Tracked as CVE-2026-0257, the flaw affects PAN-OS firewalls and Prisma Access environments where GlobalProtect portal or gateway services are configured with authentication override cookies and a vulnerable certificate setup. Successful exploitation allows an unauthenticated remote attacker to […]
Several Americans were injured and two MQ-9 Reaper drones were badly damaged after an Iranian ballistic missile aimed at Kuwait’s Ali Al Salem Air Base was intercepted by Kuwaiti air defences, sharpening doubts over a fragile US-Iran ceasefire as President Donald Trump weighs whether to extend the truce. The Fateh-110 missile was brought down before reaching its target, but falling debris struck the air base, causing minor […]
Huawei has appointed GAPP as its official cloud solutions distributor in Saudi Arabia, widening access to cloud infrastructure, artificial intelligence tools and disaster recovery services as the kingdom intensifies its push to build a locally anchored digital economy. The strategic partnership gives GAPP’s network of enterprise clients and secondary distributors a formal channel to Huawei Cloud’s portfolio, including cloud-native systems, AI platforms, backup services and business continuity […]
The Ministry of Energy and Mineral Resources is working with the Ministry of Agrarian Affairs and Spatial Planning, state electricity company PLN and other agencies to identify land, grid links and storage systems needed for the programme. About 24,000 hectares on Java Island have been earmarked for verification, with the authorities seeking to match project sites with transmission lines, PLN substations and battery storage capacity.
Deputy Energy and Mineral Resources Minister Yuliot Tanjung said the government’s first priority is to push ahead with an initial 17 GW phase, supported by around 33 GW of battery energy storage systems. The early phase is expected to test the country’s ability to turn a national target into bankable projects at scale, particularly in areas where land acquisition, grid connection and tariff design have slowed renewable energy investment.
The wider 100 GW plan is designed to reduce Indonesia’s reliance on diesel and gas-fired generation, particularly in regions where imported fuel and high operating costs have weighed on the state budget. Officials have estimated that converting fossil fuel-based generation to solar power combined with battery storage could cut electricity generation costs by up to Rp73.9 trillion, or about $4.18 billion, a year once implemented at scale.
The programme also reflects Jakarta’s attempt to close the gap between Indonesia’s large solar potential and its modest installed capacity. The country has abundant sunshine across its islands, yet solar has remained a small part of the electricity mix compared with coal, gas, hydro and geothermal power. Rooftop and utility-scale solar deployment has been constrained by regulatory uncertainty, procurement delays, grid limitations and the financial position of PLN.
Indonesia’s latest electricity supply plan for 2025-2034 calls for 69.5 GW of new generation capacity, with renewable energy making up a large share of future additions. Solar is expected to play a central role in that expansion, with PLN’s planning framework pointing to 17.1 GW of new solar capacity by 2034 alongside hydro, geothermal, wind and storage projects. The 100 GW programme goes beyond that planning baseline and signals a more aggressive policy push from President Prabowo Subianto’s administration.
A key feature of the solar strategy is its decentralised design. Earlier planning discussions have described a model that could combine large centralised solar plants with smaller village-level systems, many paired with batteries. Such an approach could help remote communities replace diesel generation, improve supply reliability and reduce exposure to fuel price volatility, while also creating demand for locally produced panels, batteries, inverters and grid equipment.
The proposed investment scale underlines the financing challenge. A $71.3 billion programme would require state support, PLN procurement commitments, private sector participation, concessional finance and possibly blended funding from climate-related investment platforms. Indonesia has already attracted international attention through its Just Energy Transition Partnership, but converting pledges into project-level funding has remained difficult, particularly because coal continues to dominate power generation and captive industrial power demand is rising.
Land availability will be another decisive issue. Java, the country’s most populous island and main electricity demand centre, offers stronger grid connectivity but also intense competition for land. The identification of 24,000 hectares is a first step rather than a final allocation, as each site must still pass verification covering ownership, spatial planning, environmental suitability and connection feasibility.
Grid readiness may prove equally important. Large volumes of intermittent solar power will require stronger transmission networks, flexible generation, storage systems and updated dispatch rules. Battery storage is central to the plan because solar output peaks during daylight hours while demand often rises in the evening. Without adequate storage and grid upgrades, high solar penetration could create curtailment risks and weaken project economics.
The programme could strengthen Indonesia’s industrial policy if it succeeds in building domestic solar manufacturing capacity. Officials have linked the plan to demand for locally produced panels, a move that could support factories, create jobs and reduce exposure to import barriers in global solar trade. The strategy comes as several countries seek to capture more of the clean energy supply chain, from polysilicon and wafers to modules and battery systems.
Indonesia’s energy transition remains complicated by its coal-heavy electricity system, long-term power purchase agreements and the need to provide affordable energy to households and industry. Coal plants still anchor baseload supply, while nickel processing and other industrial sectors have increased captive power demand. Those pressures make the solar programme both a climate policy instrument and an energy security strategy.
Work on floating solar projects, rooftop systems and village electrification schemes has already begun to build momentum. PLN’s Saguling floating solar project in West Java, scheduled for commercial operation in late 2026, is one of several projects intended to demonstrate technical and commercial viability. The larger 100 GW plan, however, will require faster procurement, clearer tariff rules and stronger coordination across ministries, PLN, regional governments and investors.
The California-based server maker said the equipment had first been sold through an authorised reseller before being deceptively acquired and targeted for illicit diversion. Its statement framed the case as a successful intervention rather than a failure of internal controls, stressing that it had worked with Taiwan authorities to stop the movement of high-value systems used in artificial intelligence data centres.
The case has drawn attention because Supermicro sits at the centre of the AI infrastructure boom, supplying servers that integrate advanced graphics processors and networking components used to train and run large AI models. Such systems have become strategically sensitive as Washington, Taipei and allied governments tighten oversight of technology flows to mainland China, Hong Kong and Macau.
Taiwan prosecutors have been investigating suspects accused of falsifying export documents for high-end AI servers containing Nvidia chips. The servers were allegedly routed through Japan as part of an attempt to move restricted technology onwards to China-linked buyers. The seizure of 50 systems, though small compared with global AI server demand, is significant because it shows authorities are now pursuing hardware diversions beyond the better-known routes through Southeast Asia.
Supermicro’s response is also shaped by a separate and larger US criminal case that has placed the company under scrutiny. In March, US prosecutors charged three people linked to Super Micro Computer, including co-founder Yih-Shyan “Wally” Liaw, in an alleged conspiracy to divert about $2.5bn worth of AI server technology to China in violation of export controls. Liaw and another defendant were arrested, while a third defendant was listed as a fugitive. Super Micro Computer itself was not named as a defendant.
That case alleged a sophisticated scheme involving shell companies, false shipping documents, repackaging and dummy servers designed to mislead compliance checks. Prosecutors said controlled AI server technology was moved from the United States to Taiwan before being redirected through intermediary locations to reach Chinese customers. The allegations intensified questions over how manufacturers, distributors and resellers monitor the final destination of advanced hardware once it leaves controlled channels.
Supermicro has denied institutional wrongdoing and has said the conduct alleged in the US case violated company policies. The latest Taiwan-linked statement attempts to reinforce that message by presenting the firm as a partner to investigators. It thanked law-enforcement and legal officials, while saying industry and government must work together to strengthen safeguards and improve supply-chain visibility.
The timing matters for investors. Supermicro has been one of the most closely watched hardware suppliers during the AI build-out, benefiting from surging demand for rack-scale servers used by cloud providers, enterprises and sovereign AI projects. That growth has made export-control compliance a material business risk. A single enforcement case can raise concerns about sales screening, reseller audits, customer identification and shipment tracking, even when the company is not accused of direct wrongdoing.
Nvidia’s position adds another layer to the issue. Its most advanced AI processors remain central to global data-centre expansion, and restrictions on sales to China have forced chipmakers and server companies to navigate a shifting regulatory environment. Nvidia has repeatedly said it follows export rules and does not support unlawfully exported products. Its chief executive, Jensen Huang, has also underlined that server vendors must maintain their own compliance standards when handling systems containing restricted chips.
The Taiwan action highlights a broader enforcement shift. Authorities are no longer focused only on chip shipments; fully assembled AI servers are now a priority because they can be more difficult to trace after integration. Servers may contain restricted processors, specialised networking, memory and cooling systems that together create the computing power needed for frontier AI workloads. Once such systems are broken into multiple shipments or passed through resellers, detecting diversion becomes more complex.
Bitcoin, ether, XRP and dogecoin lost ground as Wall Street’s strongest winning run in more than two years drew capital towards equities, leaving the largest digital assets struggling to benefit from improved risk appetite across global markets. The divergence sharpened after the S&P 500 completed a ninth consecutive weekly advance, its longest winning streak since 2023, while Brent crude stabilised near $92 a barrel on hopes that […]
China-linked hacking groups have used the Middle East war to intensify cyber-espionage attempts against maritime, energy and political targets across the Gulf, exposing how regional conflict is being turned into an intelligence-gathering opportunity for rival powers. The activity, tracked between October 2025 and March 2026, shows threat actors aligned with Beijing moving quickly around geopolitical shocks, particularly after the escalation involving Iran from late February. Maritime affairs, […]
Paris-based Mistral AI has struck partnerships with BMW and Airbus, marking a significant move by Europe’s best-known artificial intelligence start-up into industrial engineering, aerospace, defence and automotive safety systems. The agreements place Mistral at the centre of a widening European effort to build AI capability around strategic industries rather than relying mainly on US and Chinese technology providers. The company, founded in 2023, is seeking to turn […]
Arabian Post Staff -Dubai UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan was represented at the Eurasia Economic Forum 2026 in Astana by Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, as Abu Dhabi moved to strengthen commercial links with a region central to new supply chains, logistics corridors and investment flows. The forum, held on May 28 and 29 alongside the Supreme […]
The agreements were signed at the Vietnam-Thailand Business Forum and the Vietnam-Singapore Technology Connectivity Forum, held as part of Party General Secretary and State President To Lam’s official visits to the Kingdom of Thailand, the Republic of Singapore, and the Republic of the Philippines from May 28 to June 1, 2026.
In Thailand, Vinpearl announced the expansion of its strategic partnerships with Agoda and AirAsia MOVE to strengthen the international presence of its integrated tourism, hospitality, and entertainment ecosystem.
Through Agoda, one of the world’s largest online travel platforms, Vinpearl aims to optimize business performance across its tourism, hospitality, and entertainment portfolio while expanding its reach in key markets including Southeast Asia, India, the Middle East, Australia, and long-haul international traveler segments. The partnership also marks a new milestone for VinWonders, with its integrated leisure and hospitality products now being offered directly through Agoda’s global platform.
The partnership with AirAsia MOVE is designed to broaden international access to Vinpearl and VinWonders hospitality, leisure, and entertainment offerings in Phu Quoc, Nha Trang, and Da Nang-Hoi An through one of the region’s leading digital travel platforms. Via AirAsia MOVE, travelers can conveniently book flights, accommodations, and attractions within a single itinerary, making it easier to choose integrated Vinpearl and VinWonders experiences when visiting Vietnam.
With access to a network of more than 700 airlines and over one million hotels worldwide, AirAsia MOVE is expected to further strengthen the visibility of the Vinpearl and VinWonders ecosystem among international travelers, while also enhancing Vietnam’s appeal as a destination for visitors from ASEAN and other key global markets.
In Singapore, Vinpearl also signed partnership agreements with BeMyGuest and GlobalTix, two of the Asia-Pacific region’s leading technology and distribution platforms for travel experiences.
Supported by extensive partner networks and some of the region’s most diverse travel product portfolios, these collaborations are expected to strengthen the presence of the VinWonders brand across Southeast Asia, China, and India, while expanding international access to unique experience offerings in Nha Trang, Phu Quoc, and Da Nang.
Through these agreements, the partners will leverage their respective strengths in technology, distribution, and customer ecosystems to progressively expand the international footprint of Vinpearl and VinWonders while enhancing the global appeal of Vietnamese tourism.
Ms. Ngo Thi Huong, Chief Executive Officer, Vinpearl, said: “These partnerships not only expand Vinpearl’s network of strategic partners but also create a strong foundation for the Vinpearl and VinWonders ecosystem to connect more deeply with global traveler segments through some of the region’s leading travel, aviation, and distribution platforms. This represents an important step in our strategy to strengthen international competitiveness and position Vinpearl destinations among the top choices for travelers across Asia.”
Mr. Krishna Rathi, Associate Vice President, Supply, Agoda, said: “With its extensive scale of operations, diverse portfolio, and ability to develop integrated destinations, Vinpearl is one of the most outstanding partners in Vietnam’s tourism industry today. We believe this partnership will help the Vinpearl and VinWonders ecosystem engage more deeply with rapidly growing international traveler segments across Asia and global markets.”
Ms. Nadia Omer, Chief Executive Officer, AirAsia MOVE, said: “We highly value the opportunity to partner with Vinpearl in unlocking strategic collaboration potential within one of Southeast Asia’s most dynamic and fast-growing tourism markets. As an OTA platform with a comprehensive travel ecosystem and extensive regional connectivity, AirAsia MOVE is committed to further enhancing travel connectivity and intra-regional tourism flows. Vietnam is emerging as one of the region’s brightest tourism destinations, and we believe the combination of Vinpearl’s leading hospitality and entertainment ecosystem with AirAsia MOVE’s distribution and connectivity capabilities will create significant growth opportunities for the tourism sector in the years ahead.”
The partnerships with Agoda, AirAsia MOVE, BeMyGuest, and GlobalTix mark another milestone in Vinpearl’s strategy to internationalize its tourism, hospitality, and entertainment ecosystem while expanding the presence of Vinpearl and VinWonders accommodation, leisure, and experience offerings across global travel platforms.
Hashtag: #Vinpearl
The issuer is solely responsible for the content of this announcement.
Agoda is a global online travel platform offering more than six million accommodation options, including hotels, resorts, apartments, and vacation villas, as well as flight bookings, travel activities, and related travel services. Headquartered in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG). The platform operates in 39 languages, provides 24/7 customer support, and employs more than 7,500 people worldwide.
About AirAsia MOVE
AirAsia MOVE (MOVE) is the digital travel platform of Capital A Group and has been recognized by the World Travel Tech Awards as Asia’s Best Travel Booking App for three consecutive years since 2023. Focused on building a comprehensive travel ecosystem, MOVE delivers affordable, seamless, and personalized travel experiences across Southeast Asia and international markets.
The platform currently connects travelers to more than 700 airlines and over one million hotels worldwide while offering a wide range of services including attraction tickets, airport transfers, travel insurance, and integrated travel products. AirAsia MOVE also enhances user experience through its loyalty program and AskBo, an AI-powered travel chatbot.
About BeMyGuest
BeMyGuest is a Singapore-based travel technology company founded in 2012, specializing in booking and distribution solutions for attractions, tours, and travel experiences across the Asia-Pacific region. Its ecosystem includes the Distribution Network and Xplore Booking System, which support sales management, multi-channel distribution, and digital operations for thousands of partners in the experience tourism industry. BeMyGuest is connected to numerous online travel platforms and international distribution partners while providing multilingual solutions and flexible pricing models for integrated systems.
About GlobalTix
GlobalTix is a global technology and distribution platform for attractions, tours, and travel experiences, headquartered in Singapore with operations across multiple Asia-Pacific markets. Founded in 2013, GlobalTix enables attractions and experience operators to connect with travel agencies, online travel platforms, and international distribution partners through a unified platform. Its partners include major brands such as Mount Faber Leisure Group, Taman Safari Indonesia, Mandai Wildlife Group, National Gallery Singapore, and Singapore Airlines.
Vinpearl is Vietnam’s leading hospitality, tourism, and entertainment brand, currently operating 60 properties across 20 provinces and cities nationwide. Its ecosystem includes a network of five-star hotels and resorts with more than 17,500 rooms; 15 VinWonders theme parks featuring attractions for visitors of all ages; six world-class golf courses; and three VinPalace convention and performing arts centers. The portfolio also includes two semi-wildlife conservation and care parks, an equestrian academy, and million-dollar live-action performance shows in destinations such as Nha Trang and Phu Quoc, attracting millions of visitors each year.
Spotify has expanded its mobile app with playlist folders, bulk editing, queue management, reshuffle controls and background downloads, marking one of its most practical upgrades for listeners who organise large music, podcast and audiobook libraries on phones. The update brings several desktop-style controls to iOS and Android, with playlist folders and in-playlist bulk actions being rolled out globally to all users. Premium subscribers gain additional tools, including […]
The unit sits under the president’s office and is evaluating AI start-ups globally, with long-serving executive Zhang Endong leading the effort. The move places investment activity closer to Sea’s top management at a time when the company is trying to convert its scale across Shopee, Garena and Monee into a stronger position in the next phase of consumer internet competition.
The new team is part of a wider internal reorganisation aimed at accelerating AI adoption across Sea’s businesses. Zhang is also involved in projects examining how the technology can be deployed inside the group, from product recommendations and seller tools to game development and financial services. A company spokesperson declined to comment on the investment unit.
The initiative follows a series of signals from chief executive Forrest Li that AI has become central to Sea’s long-term strategy. Li told investors last year that a trillion-dollar market capitalisation could be possible if the company doubled down on artificial intelligence and made the right calls. That ambition is now being tested against tougher operating conditions, heavier competition and investor scrutiny over margins.
Sea’s pivot comes as its core businesses remain sizeable but increasingly contested. Shopee continues to dominate e-commerce across South-east Asia, where price-led competition, live commerce, faster delivery expectations and merchant services have raised both growth potential and operating costs. Rivals including TikTok Shop, Lazada, Amazon and Rakuten are intensifying their own use of AI to personalise shopping, automate seller support and streamline logistics.
Artificial intelligence is already being built into Shopee’s customer and merchant systems. Its applications include recommendation engines, search improvements, advertising tools and seller assistance functions. The strategic logic is straightforward: more effective targeting can increase conversion, better seller tools can deepen merchant loyalty, and automated service functions can reduce costs across markets with different languages, payment habits and logistics infrastructure.
Sea has also expanded its partnership with Google to develop AI-powered tools across e-commerce and gaming. The companies are exploring an agentic shopping prototype for Shopee, designed to move beyond basic search and recommendation functions towards digital assistants capable of helping consumers complete tasks across the shopping journey. Garena is expected to use AI to improve game development productivity, an area where faster content cycles and lower development costs can carry significant commercial value.
Financial performance has given Sea room to invest, though not without pressure. First-quarter revenue rose 46.6 per cent year on year to US$7.1 billion, while gross profit increased 40.7 per cent to US$3.1 billion. Net income reached US$438.2 million, up 6.7 per cent, and adjusted EBITDA rose 9.3 per cent to US$1 billion. The figures showed continued momentum, but also reflected the cost of defending market share and expanding services.
Shopee delivered gross merchandise value of US$37.3 billion in the quarter, up 30.2 per cent from a year earlier, while gross orders climbed 29.3 per cent to 4 billion. Revenue from the e-commerce arm rose 45.1 per cent to US$5.1 billion, though adjusted EBITDA fell to US$223.2 million from US$264.4 million a year earlier, underlining the margin trade-off behind its expansion strategy.
Monee, Sea’s digital financial services unit, has become another pillar of growth. Revenue rose 57.8 per cent to US$1.2 billion, while consumer and small-business loans outstanding reached US$9.9 billion. Non-performing loans more than 90 days past due remained at 1.1 per cent, a key metric as the company expands credit services across emerging markets where risk controls are critical.
Garena, once Sea’s dominant profit engine, also showed stronger momentum. Bookings rose 20.1 per cent to US$931.4 million, while quarterly active users stood at 666.5 million. The unit remains anchored by Free Fire, but Sea’s AI push suggests management sees broader potential in development tools, content generation, player engagement and operational efficiency.
Sea’s AI Centre of Excellence in Singapore adds another layer to the strategy. The centre is intended to strengthen local AI capabilities, support enterprise adoption and develop talent in areas such as engineering, research and product development. Its launch aligns the company with Singapore’s broader ambition to become a regional AI hub and gives Sea a clearer institutional base for experimentation.
The investment team could give Sea access to external innovation at a time when start-ups are moving faster than large platforms in areas such as autonomous commerce, generative game design, fraud detection, credit scoring and AI-enabled logistics. The challenge will be distinguishing durable business models from inflated valuations in a crowded funding environment.
Investors will be watching whether Sea’s AI spending produces measurable gains in revenue growth, user engagement and margin improvement. The company has already shown that it can rebuild profitability after years of expansion-led losses. Its next test is whether AI can become more than an efficiency tool and help create the next major growth curve for one of South-east Asia’s most valuable technology groups.
By Dr. Gyan Pathak The last three months of 2026 have seen considerable inflationary pressure on Indian economy on account of fuel crisis triggered by the Iran war. All sectors of economy are reeling under the pressure. Unemployment is rising, real wages have declined, and living cost is rising fast. Now, there is an additional […]
The article Fuel Crisis, Inflationary Pressure On Economy, And Now A Deficit Monsoon appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Linux Foundation has launched DNS-AID, an open source project designed to let AI agents discover, verify and connect with one another through the internet’s existing Domain Name System rather than through private registries, vendor directories or hardcoded configuration files. The project, initially developed at Infoblox, is being positioned as a neutral discovery layer for the emerging agentic web, where software agents are expected to act across websites, […]
Meta Platforms has launched paid “Plus” subscriptions for Instagram, Facebook and WhatsApp, marking a wider shift by the social media group towards recurring consumer revenue while keeping the core versions of its apps free. The new plans, announced by Meta head of product Naomi Gleit, add optional premium features across the company’s three biggest consumer services. Instagram Plus and Facebook Plus are priced at $3.99 a month, […]
Arc Raiders secured Nordic Game of the Year at the Nordic Game Awards in Malmö, strengthening Embark Studios’ position as one of the region’s most influential developers after a breakout year for the extraction shooter. The title, developed by the Stockholm-based studio, won the top award at the ceremony held on May 28 during the Nordic Game conference at Slagthuset in Malmö. It also took Best Technology […]
Kuwait’s air defence systems intercepted hostile missile and drone threats aimed at its airspace early on Thursday, the Kuwaiti Army’s General Staff said, as the Gulf state moved to contain security risks from widening regional military tensions. The military said its systems were responding to a wave of missiles and unmanned aerial vehicles attempting to penetrate the country’s airspace. It did not identify the source of the […]
TAGAYTAY CITY, PHILIPPINES – Media OutReach Newswire – 29 May 2026 – Southeast Asia has made its mark on the global speed cubing stage.
In a moment that electrified the international speed cubing community, Filipino prodigy Crimson Arradaza shattered the 3x3x3 One-Handed World Record with a blistering 5.33-second solve at the inaugural Philippine National Speed Cubing Open, organised by the Asian Mind Sports Association (AMSA) and the Philippine Olympic Committee (POC).
Held from 27–28 May at the Tagaytay City Combat Arena, the tournament was the first major nationally-backed speed cubing event under the Philippine Olympic movement — and immediately, it made history.
Arradaza’s stunning performance broke the previous 5.66-second record set by Switzerland’s Dhruva Sai Meruva in 2024. More significantly, it pushed the boundaries of what many believed possible in one-handed solving, placing the Philippines in the spotlight of global mind sports. It is an extraordinary achievement for the rising speed cubing powerhouse.
“I have been speed cubing for the past four years and this is the best birthday gift for myself,” said Arradaza, who turned 15 the day before.
The teenager from Baguio City travelled eight hours to compete in Tagaytay, accompanied by his parents — a powerful reminder of the sacrifices and support behind every young champion.
“This is not just a Philippine achievement. This is an Asian achievement,” said AMSA Director-General Jim Yu. “The future of mind sports belongs to the younger generation, and today the Philippines showed the world what Southeast Asian talent is capable of.”
POC President Abraham “Bambol” Tolentino and Tagaytay City Mayor Ross Tolentino were also present to witness the historic achievement.
“Sports is not only about physical strength. It is also about mental sharpness, discipline, and focus,” said POC President Tolentino. “Filipinos are naturally talented in mind sports, and this world record proves we can compete with the very best globally.”
Beyond competition, the two-day event featured referee training programmes, operational workshops, and development dialogues aimed at strengthening the speed cubing ecosystem.
AMSA reaffirmed its commitment to developing mind sports across Asia through partnerships with National Olympic Committees, federations, and local organisers.
The organisation plans to continue growing regional competitions, talent pathways, livestream infrastructure, referee systems, youth engagement programmes, and international exchanges to elevate mind sports to unprecedented mainstream recognition across Asia.
Hashtag: #AMSA
The issuer is solely responsible for the content of this announcement.
Brussels has warned that Europe’s aviation fuel market could tighten further within weeks if disruption around the Strait of Hormuz continues, raising the prospect of higher fuel costs, pressure on airline schedules and fresh strain across the bloc’s energy supply chain before the peak summer travel season. The warning, issued after meetings of the European Commission’s oil and gas coordination groups, marks a sharper assessment of the […]
https://vinpearl.com/en
