Apache OFBiz users have been urged to move to version 24.09.06 after disclosure of an authentication bypass flaw that can be chained to remote code execution, exposing enterprise resource planning systems to takeover through a manipulated password-change workflow. Tracked as CVE-2026-45434, the vulnerability affects Apache OFBiz versions before 24.09.06. It stems from improper authentication handling in the platform’s password-change logic, where a forced password reset condition may […]
UAE economic growth is expected to slip into a mild contraction in 2026 as the Iran war disrupts oil exports through the Strait of Hormuz, before staging a strong recovery in 2027 on higher crude and gas production, major energy projects and continued strength in non-oil sectors. The projected setback marks a sharp reversal for the Gulf’s second-largest economy, which has spent the past decade reducing its […]
Washington is testing rival artificial intelligence models across a small group of Defence Department power users as it seeks a workable replacement for Anthropic’s Claude, deepening a high-stakes contest over military AI, supplier risk and control of advanced software inside classified US systems. The review involves 25 heavy users of AI tools inside the Pentagon, with officials comparing how competing models respond to identical tasks and how […]
SpaceX is pitching its planned public listing as a bet on artificial intelligence as much as rockets, telling prospective investors that AI services could open a $26.5 trillion market opportunity and transform the company from a launch-and-satellite operator into a global computing platform. The shift marks a striking turn for Elon Musk’s space company as it prepares for what could become the largest stock-market debut on record. […]
Google has issued a Chrome security update after fixing multiple flaws that could allow attackers to execute code remotely, disrupt browser sessions, steal information, bypass restrictions or spoof content on affected systems. The update moves Chrome’s stable desktop channel to version 148.0.7778.178/179 for Windows and macOS, and 148.0.7778.178 for Linux. It is being rolled out globally through the browser’s automatic update mechanism, though users and administrators may […]
DipCoin has completed its first year on the Sui blockchain, seeking to strengthen its position in decentralised multi-asset trading after building its platform around perpetual contracts, self-custody, transparency and faster execution. Launched on May 21, 2025, the Sui-based decentralised exchange has used its first anniversary to highlight what it describes as a zero-incident operating record, a key claim in a market where security failures, liquidity shocks and […]
Cisco has issued an urgent security fix for a maximum-severity flaw in Secure Workload that could let unauthenticated attackers obtain Site Admin privileges and reach sensitive enterprise resources through internal REST API endpoints. The vulnerability, tracked as CVE-2026-20223, has been assigned a CVSS v3.1 base score of 10.0, the highest rating under the widely used severity system. It is classified as CWE-306, or missing authentication for a […]
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 21 May 2026 – Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC), in collaboration with Gemadept Corporation and the Ho Chi Minh City Institute for Development Studies, today hosted a high-level forum to officially launch the International Maritime Financial Ecosystem (IMFE) — one of the four strategic pillars of VIFC-HCMC.
Assoc. Prof. Dr. Nguyen Huu Huan (left), Vice Chairman of VIFC-HCMC, and Mr. Nguyen Thanh Binh, General Director of Gemadept Corporation, at the official launch ceremony of the International Maritime Financial Ecosystem (IMFE) in Ho Chi Minh City.
The forum, themed “Developing the International Maritime Financial Ecosystem within the Vietnam International Financial Center in Ho Chi Minh City,” took place at the VIFC-HCMC Building, 08 Nguyen Hue Street, District 1, and drew more than 100 senior delegates. Attendees included leaders from central ministries and agencies, the Ho Chi Minh City People’s Committee, representatives from coastal provinces (Da Nang, Khanh Hoa, Kien Giang), domestic and international financial institutions, port and logistics enterprises, and international organisations.
The day’s agenda focused on three headline moments: a strategic industry report by Roland Berger, titled “Vietnam Maritime Industry: A Strategic Opportunity for Breakthrough Growth,” which benchmarked leading global maritime financial hubs and mapped a roadmap to raise Vietnam’s domestic value retention from the current 4–5% to 15% by 2035; the official launch ceremony of the IMFE initiative within VIFC-HCMC; and a memorandum of understanding signed between VIFC-HCMC and Gemadept Corporation, owner and operator of Gemalink International Port in Cai Mep – Thi Vai, formalising Gemadept’s role as a founding lead of the initiative. The forum also saw the introduction of the first maritime financial products and initiatives to be developed within the VIFC-HCMC framework.
A seaport system of growing global weight
The ambition behind IMFE is grounded in the rapid rise of southern Vietnam’s port infrastructure. Ho Chi Minh City is home to Cat Lai Port — ranked among the world’s top 21, handling approximately 7.5 million TEUs annually — and Gemalink International Port in Cai Mep – Thi Vai, capable of receiving ultra-large container vessels. These existing assets are set to be joined by the Can Gio International Transshipment Port, a 571-hectare project with a projected capacity of 17 million TEUs per year, further deepening the city’s integration into global logistics and trade networks.
In 2025, the Ho Chi Minh City port system handled over 24 million TEUs, ranking 8th globally according to Lloyd’s List, and was associated with approximately USD 200 billion in import-export turnover, accounting for around 20% of Vietnam’s total trade value. Surrounding this physical infrastructure, a broad ecosystem of supporting services has expanded significantly, spanning cargo handling, warehousing, freight forwarding, customs clearance, and supply chain management. The total annual trade transaction value flowing through the region — encompassing goods, logistics services, and related financial demand – is estimated at over USD 1 trillion.
The financial gap: billions flowing through offshore centers
However, the scale of this physical activity stands in sharp contrast to the financial value Vietnam currently retains. Despite enormous cargo volumes, most high-value maritime financial services generating the largest profit margin including trade finance, ship financing, marine insurance and reinsurance, international payments, and logistics risk management continue to flow through developed offshore maritime financial centers. Vietnam currently captures only around 4–5% of these financial transaction values domestically, leaving an estimated USD 6–8 billion in potential value accessible but unrealised. To complete the maritime value chain and retain these economic benefits onshore, Vietnam must evolve beyond purely physical cargo transshipment. The gradual development of a comprehensive maritime financial ecosystem is an essential and inevitable strategic step.
IMFE: from vision to institutional launch
Against this backdrop, the IMFE initiative took shape as a core component of VIFC-HCMC, with Gemadept Corporation serving as a founding lead. The initiative was first introduced on September 12, 2025, during the symposium “Ho Chi Minh City – A Modern, High-End, High-Value Service Hub,” where Gemadept presented a strategic vision of integrating Vietnam’s deep-sea port infrastructure with a dedicated maritime financial ecosystem. To materialise that vision, the corporation cooperates with the Ho Chi Minh City People’s Committee, leading to its official designation as a Strategic Member of VIFC-HCMC on February 11, 2026, at the Center’s Launching Ceremony. Today, as the operator of Gemalink — a major deep-sea gateway at Cai Mep – Thi Vai — Gemadept is focused on channeling high-value capital flows and advanced financial services directly into Ho Chi Minh City’s real maritime economy.
With this foundation in place, today’s forum pursues three concrete objectives: to officially launch the IMFE as a strategic platform designed to localise maritime financial capital and services, laying the groundwork for Ho Chi Minh City to emerge as one of the region’s leading maritime hubs; to connect financial institutions, banks, insurance companies, shipping lines, logistics enterprises, and international organisations within an integrated ecosystem, bringing the port-to-finance model to life in Vietnam; and to introduce the first maritime financial products and initiatives, creating mechanisms for Vietnamese enterprises to access financing, insurance, and risk management tools domestically rather than through foreign intermediaries.
“Ports such as Can Gio and Cai Mep-Thi Vai are transshipment hubs for cargo flows — VIFC-HCMC must become the transshipment hub for capital flows serving Vietnam’s maritime economy,” said Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of VIFC-HCMC.
Hashtag: #VIFC
The issuer is solely responsible for the content of this announcement.
Mexico’s sovereign credit rating has been cut to the last rung of investment grade, placing fresh pressure on President Claudia Sheinbaum’s administration as investors weigh rising debt, sluggish growth and the continuing fiscal burden of Petróleos Mexicanos. Moody’s Ratings lowered Mexico’s long-term local and foreign-currency issuer and senior unsecured ratings to Baa3 from Baa2, while changing the outlook to stable from negative. The move leaves Latin America’s […]
Caracas has become an unlikely stop for financiers, oil executives and restructuring advisers as Venezuela’s attempt to reopen its economy turns a once-quiet luxury hotel into a meeting point for dealmaking. The Cayena, a boutique property in the capital’s La Castellana district where rooms start at about $400 a night, spent much of its 13 years operating in a market cut off by sanctions, political conflict and […]
Samsung Electronics is preparing one of the largest employee bonus packages in the global technology sector after a last-minute wage agreement with unions averted a threatened strike at its South Korean chip operations, where soaring demand for artificial intelligence memory has transformed the company’s earnings outlook. The tentative deal could channel about 40 trillion won, or roughly $26.6 billion, to semiconductor employees this year, implying an average […]
Morocco is moving to turn video gaming into a high-growth industry, offering financial backing, incubation and training to local startups as it seeks to create skilled jobs, widen export revenue and produce the country’s first billion-dollar technology companies. The push has gained fresh momentum around the Morocco Gaming Expo 2026 in Rabat, held from May 20 to 24, where officials, developers, investors and international technology firms are […]
Arabian Post Staff -Dubai Abu Dhabi’s push to build a new crude pipeline bypassing the Strait of Hormuz has reached the halfway mark, with ADNOC chief executive Sultan Al Jaber saying the project is being accelerated towards a 2027 launch as regional tensions continue to expose the vulnerability of Gulf energy routes. Al Jaber said the pipeline, intended to expand export capacity through Fujairah on the Gulf […]
British Airways has pushed back the return of flights to Dubai, Doha and Tel Aviv to August 1, extending disruption on three strategically important Middle East routes as airlines continue to adjust schedules around security risks, airspace limits and uneven demand across the region. The one-month delay, shown on the carrier’s booking systems and reflected in its travel updates, affects passengers who had expected services to resume […]
Meta Platforms has told employees it does not expect further company-wide layoffs this year after cutting about 8,000 jobs and shifting thousands more workers into artificial intelligence projects. Chief Executive Mark Zuckerberg delivered the assurance in an internal memo on Wednesday, the same day the Facebook, Instagram and WhatsApp owner carried out one of its largest reorganisations since the post-pandemic technology downturn. The cuts affect about 10 […]
SINGAPORE – Media OutReach Newswire – 21 May 2026 – Synology today announced the general availability of PAS7700, the company’s first active-active, all flash NVMe storage system. Built for mission-critical workloads, PAS7700 delivers enterprise-grade performance, uninterrupted resilience, and optimized operational efficiency.
Synology PAS7700 delivers ultra-high performance, active-active availability and sub-millisecond latency for mission-critical workloads.
As AI, data analytics, and virtualization platforms continue to reshape how Singapore enterprises operate their IT infrastructure, storage is no longer merely a place to keep data. It has become the foundation behind core operational applications. As a result, organizations are placing greater demands on access speed, service continuity, and long-term operational stability. This is also why enterprises are increasingly seeking high-performance storage platforms that can maintain reliable operations over time.
“PAS7700 reflects Synology’s 25+ years of experience in storage and our close collaboration with enterprise customers to address evolving requirements for high availability, performance, and scalability,” said Bie-i Chu, Executive Vice President of the Synology NAS Group. “After a year of extensive real-world validation through our enterprise proof-of-concept program, PAS7700 is field-proven to deliver high reliability and performance, while helping customers lower total cost of ownership (TCO).”
A Storage Platform for Mission-Critical Systems PAS7700 is equipped with dual controllers and 48 NVMe SSD bays in a 4U chassis, and can scale up to 1.65 PB of raw storage capacity with up to seven expansion units. The system supports both file and block storage and offers broad protocol support, including NVMe-oF, iSCSI, Fibre Channel, SMB, and NFS.
With up to 2,048 GB of memory* and 100GbE networking, PAS7700 delivers up to 2 million IOPS, latency of under 1 millisecond and sequential throughput of up to 30 GB/s.
PAS7700 is designed for environments that require real-time data processing, such as virtualization, databases and large-scale data processing environments. It also targets performance-intensive and always-on workloads such as VDI, EDA and AI.
In addition, the solution is well suited for organizations operating data-intensive infrastructure in sectors such as data centers, manufacturing, semiconductor design, game development, and healthcare. These environments typically process large volumes of data concurrently and require systems that can sustain consistent performance and continuous service availability.
Designed to Minimize System Disruption One of PAS7700’s most notable strengths is its active-active architecture, which enables both controllers to operate simultaneously rather than relying on a traditional active-standby model. If one controller or a network component fails, the system can continue delivering services, significantly reducing the risk of business disruption.
The system is built with multiple protection layers to ensure high availability, including triple-parity RAID, mirrored write cache protection, IP failover, and automatic failover mechanisms.
PAS7700 also includes Continuous Availability Manager that enables enterprise IT teams to visually monitor the health status of each system component and detect and address issues quickly before they affect services.
Multi-Layer Data Protection for Enterprises Synology places strong emphasis on enterprise data protection. PAS7700 supports Self-Encrypting Drives (SEDs), providing hardware-level protection without compromising system performance.
The system also supports WORM folders and immutable snapshots, allowing snapshots to remain protected from unauthorized modification or deletion after creation, thereby reducing the risk of tampering and unauthorized data interference.
In addition, PAS7700 features Snapshot Replication and Hyper Backup that enable enterprises to build multiple layers of backup and recovery between production environments and secondary systems. This helps strengthen cyber resilience and improve data recoverability in the event of incidents or cyberattacks.
Lower Cost, Greater Efficiency Beyond performance, Synology also addresses the challenge of optimizing long-term storage investment for enterprises. As many businesses in Singapore continue expanding their data infrastructure, virtual machines and internal AI workloads, the cost of high-speed storage is exerting increasing pressure on IT environments.
PAS7700 supports both inline and offline deduplication technologies to help reduce unnecessary data usage and extend SSD lifespan. This mechanism can significantly improve storage efficiency in large-scale data environments.
In the near future, the system will also support Synology Tiering, which automatically moves infrequently accessed data to high-capacity storage systems. This helps free up high-speed NVMe resources for active applications and hot data.
The entire platform runs on DSM Enterprise, Synology’s operating system developed specifically for enterprise storage, and is designed for environments that require high performance while maintaining intuitive management and operational simplicity.
PAS7700 is now available globally through Synology’s network of partners and distributors.
*Memory module is upgradable to 1,024GB per node; 2,048GB for the whole PAS7700 system.
Hashtag: #Synology, #PAS7700
The issuer is solely responsible for the content of this announcement.
About Synology
Founded in Taiwan in 2000, Synology is a technology company specializing in network-attached storage (NAS), data backup and recovery, video surveillance, and networking solutions for businesses and individuals worldwide. Over the past two decades, Synology has continuously expanded its ecosystem to help users manage, protect, and unlock the value of data more effectively in the era of cloud, AI, and big data.
Synology’s core philosophy is to build a comprehensive hybrid-cloud ecosystem that enables businesses to protect, synchronize, and manage data through a centralized, intuitive, and easy-to-operate platform. From enterprise storage, data backup, file sharing, and collaboration to video surveillance and network infrastructure, Synology’s solutions are designed to simplify IT management and accelerate digital transformation.
Alongside ongoing technology innovation, Synology also focuses strongly on long-term stability, security, and scalability for data infrastructure. More than half of Fortune 500 companies use Synology solutions, reflecting the brand’s credibility and ability to support large-scale data operations worldwide.
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Singapore’s central bank has revoked Bsquared Technology’s major payment institution licence after finding serious regulatory breaches, barring the local crypto liquidity provider from offering digital payment token services in the city-state. The Monetary Authority of Singapore said the revocation took effect on 14 May 2026, marking a firm enforcement step in one of Asia’s most closely watched digital-asset markets. Bsquared Technology Pte Ltd, also referred to as […]
GitHub has confirmed unauthorised access to about 3,800 internal repositories after an employee device was compromised through a poisoned Visual Studio Code extension, raising fresh concerns over the security of developer tools and software supply chains. The Microsoft-owned platform said it detected and contained the compromise on May 19, removed the malicious extension version, isolated the affected endpoint and began incident response measures. Its assessment so far […]
Millions of browser users have been targeted by CypherLoc, a scareware campaign built to freeze screens, mimic security alerts and push victims towards fraudulent technology support operators. Security researchers tracking the activity said about 2.8 million attacks have been observed since the start of 2026, underscoring the scale of a threat that relies less on advanced malware and more on pressure, confusion and trust in familiar security […]
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Investors should be seeking advice on a possible US stock market correction as surging bond yields driven by the ongoing war in Iran pose a near-term risk to stock gains. Wall Street spent the past year treating artificial intelligence as a force powerful enough to overwhelm inflation, war, deficits and interest rates simultaneously. Markets rewarded that conviction spectacularly. Nvidia added more than $2tn in market value in […]
Washington has imposed sanctions on more than 50 Iran-linked individuals, companies and vessels, targeting a currency exchange network and oil transport channels as pressure builds on Tehran to reach a deal and reopen the Strait of Hormuz. The measures announced on Tuesday place Amin Exchange, also known as Ebrahimi and Associates Partnership Company, at the centre of a renewed campaign against Iran’s financial and petroleum networks. The […]
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