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Author: Mei Ling Tan

  • Cooee Cookies Unveils Allergy-Free Indigenous-Inspired Snacks, Boosting Gut Health with Native Australian Ingredients

    Cooee Cookies Unveils Allergy-Free Indigenous-Inspired Snacks, Boosting Gut Health with Native Australian Ingredients

    Cooee Cookies, an indigenous-led snack brand, has recently joined forces with Australian biotechnology firm Health Food Symmetry (HFS) to develop a new range of cookies that promote gut health.

    This collaboration utilises PhytoBiome, a prebiotic product developed by HFS, to create an allergen-free cookie line. The partnership is striving to make the product accessible in rural Indigenous communities.

    Creation of Health-Driven Snacks

    Gordon Edwards, HFS founder and CEO, shared that the cookies are manufactured in Australia using regionally sourced, premium-grade produce and are backed by leading-edge research. Edwards expressed that both firms are thrilled by their joint initiative, which allows them to showcase their scientific functional food capabilities at national and international levels.

    Edwards also explained that each cookie, thanks to PhytoBiome, now contains clinically proven benefits for gut health, immune strength, and metabolic balance. This has transformed an otherwise simple snack into a functional food with genuine health benefits.

    Utilization of Native Ingredients

    The gut-friendly cookie range is made using native ingredients like Kakadu plum, wattle seed, lemon myrtle, and finger lime. These ingredients, known for their high antioxidant content and therapeutic potential, aid in bolstering immunity and maintaining a balanced digestive system.

    Terri-Ann Daniel, founder and CEO of Cooee Cookies, said that their partnership with HFS allows them to continue to enhance their allergy-free snacks. The collaboration enables them to offer improved gut and metabolic health benefits without compromising on taste or cultural significance.

    Questions & Answers

    What is the main goal of the partnership between Cooee Cookies and Health Food Symmetry (HFS)?
    The primary objective of their partnership is to develop an allergen-free cookie line that promotes gut health, immune strength, and metabolic balance.

    What native ingredients does the gut-friendly cookie range contain?
    The range includes native ingredients such as Kakadu plum, wattle seed, lemon myrtle, and finger lime, recognised for their high antioxidant content and therapeutic potential.

    What are the benefits of consuming these gut-healthy cookies?
    Apart from being allergen-free, these cookies offer numerous health benefits including enhanced gut health, bolstered immune system, and balanced metabolism.

  • Kraft Heinz Q3: Dipping Sales, Savory Split in 2026 & the Crunch for Iconic Brands

    Kraft Heinz Q3: Dipping Sales, Savory Split in 2026 & the Crunch for Iconic Brands

    Food industry behemoth Kraft Heinz reported a disappointing third quarter with lower than anticipated results. The company attributes the underperformance to persistent cost pressures and diminishing consumer demand, which have compelled a downward revision of its forecast for fiscal year 2025.

    Kraft Heinz, the name behind iconic products like Heinz Ketchup and Kraft Mac & Cheese, recorded global net sales of US$6.24 billion. This represents a decline of 2.3% from the corresponding quarter in the previous year, with organic sales dipping by 2.5%.

    The company’s adjusted operating income fell by 16.9% to US$1.1 billion, marking a significant decrease of nearly 19% from the same period last year.

    CEO’s Statement

    According to Kraft Heinz’s CEO, Carlos Abrams-Rivera, the company’s third quarter performance reflects a slight improvement in their top-line performance compared to the first half of the year.

    Despite this, North America, the company’s largest market, continues to experience challenges as customers scale back on their spending on pantry essentials.

    In this region, the net sales declined by 3.8%, a consequence of a 4.2-point decrease in volume and mix. Contrarily, net sales in international developed markets saw an increase of 1.6%, and emerging markets, including those in Western and Eastern parts, as well as Asia, experienced growth of 3.8%.

    Challenges and Market Positioning

    Daniel Binns, Global CEO of brand consultancy firm Elmwood, highlighted the company’s struggle with volume declines across its famous brands. According to him, the prime challenge lies in maintaining a premium positioning while staying relevant to shifting consumer needs.

    Binns emphasized that legacy brands need to assert their value in visible and relevant ways, be it through innovation, revitalized storytelling, or superior consumer experiences.

    “I believe consumers need to perceive brands as ‘meaningfully different’ to accept premium pricing. Simply being ‘reassuringly expensive’ no longer suffices,” Binns asserted.

    Future Plans

    Going forward, Kraft Heinz confirmed its plan to divide into two publicly traded companies during the latter half of the next year.

    The first entity, Global Taste Elevation Co, will encompass Heinz, Philadelphia, and Kraft Mac & Cheese. The second, North American Grocery Co, will include a curated portfolio of North American staples with three billion-dollar brands – Oscar Mayer, Kraft Singles, and Lunchables.

    Abrams-Rivera expressed confidence that this separation would allow each business to better concentrate resources, improve execution, reduce complexity, and foster further efficiencies.

    Binns advanced the view that Kraft Heinz’s planned division could enable the portfolios to follow distinct strategies. The core challenge, however, is that heritage brands must evolve thoughtfully, engaging consumers while maintaining their price premium through real benefits and authentic differentiation rather than merely relying on nostalgia.

    Questions & Answers

    What were the Q3 results for Kraft Heinz?
    The company reported lower than expected results, with global net sales of US$6.24 billion, marking a decline of 2.3% from the same period last year.

    What is Kraft Heinz’s plan for the future?
    Kraft Heinz plans to split into two publicly traded companies during the second half of the coming year.

    What challenges does Kraft Heinz face?
    The key challenge for Kraft Heinz is to maintain the premium positioning of their heritage brands while staying relevant to shifting consumer needs. This involves portraying their brands as ‘meaningfully different’ to justify premium pricing.

  • Coopers Brewery Defies Downturn: Annual Beer Sales Soar Despite National Decline

    Coopers Brewery Defies Downturn: Annual Beer Sales Soar Despite National Decline

    Coopers Brewery, a family-owned independent brewing company, has experienced a slight rise in its annual beer sales, outperforming the overall market that has seen a downturn.

    Annual Sales Report

    In the 2024-25 fiscal year, Coopers Brewery reported total beer sales of 80.6 million litres, marking a growth of 2.4% compared to the preceding year. This contrasts the 0.9% contraction witnessed within the national beer market during the same period.

    Growth in Keg and Packaged Beer Sales

    Sales of kegs, which account for approximately 12.4% of Coopers’ total beer sales, saw a substantial increase of 5.9%. Additionally, the sales of packaged beers also saw a modest uptick of 1.8%.

    Product-Specific Sales Performance

    Sales of malted barley and wheat saw an increase of 3.4%. However, there was a 17% drop in DIY brewing product volumes, a result of reduced consumer demand and restricted space on supermarket shelves.

    Statement from the Managing Director

    Michael Shearer, the Managing Director of the brewery, noted that the figures indicate a resilient performance throughout their beer portfolio. He highlighted considerable consumer demand for Dry 3.5 and Australian Lager, both relative newcomers to their range. Traditional ale products also continued their growth trajectory at 1.2%, while Stout saw a resurgence with a 3.3% rise compared to the previous year.

    Shearer admitted that cost-of-living pressures have made consumers more selective in their purchasing decisions. However, he was optimistic about achieving another year of solid sales growth in a challenging market, expressing it as a testament to the team and their craft.

    Regional Growth and Profit

    Over the course of the year, the company saw sales growth across all states and territories. SA emerged as the largest market in terms of sales volume, while Queensland experienced the most substantial growth at 4.8%.

    International beer exports, excluding New Zealand, which make up around 1% of total sales, fell by 22.3%. Conversely, sales to New Zealand grew by 2.6%.

    In terms of profitability, Coopers Brewery witnessed a decrease in pre-tax profits, which fell from $32.8 million in the previous year to $22.5 million. This shift reflects the investment in a new $70 million visitor center and its associated costs.

    The Visitor Center

    The company described the visitor centre as a generational investment and an integral part of its long-term strategy. In addition to housing a restaurant, the facility also includes a microbrewery and a whisky distillery. Since its inauguration in August of the previous year, the centre has welcomed approximately 60,000 visitors.

    Questions & Answers

    What contributed to the decrease in Coopers Brewery’s pre-tax profits?
    The pre-tax profit decrease reflected the brewery’s investment in a new $70 million visitor centre and its associated costs.

    What sales growth was seen across different product ranges at Coopers Brewery?
    Keg sales rose by 5.9% and packaged beer sales increased by 1.8%. Malted barley and wheat sales grew by 3.4%, but DIY brewing product volumes fell by 17%.

    Which areas experienced the most growth in terms of beer sales for Coopers Brewery?
    In terms of sales volume, SA was the largest market. However, Queensland recorded the highest growth rate at 4.8%.

  • Apple’s iPhone Sales Skyrocket, Setting Record Revenues for Q4 2025 and Optimistic Outlook for 2026

    Apple’s iPhone Sales Skyrocket, Setting Record Revenues for Q4 2025 and Optimistic Outlook for 2026

    Apple has unveiled its fiscal results for the fourth quarter of 2025, alongside its complete annual figures for the same year. The primary focus of interest is the iPhone’s performance during this period. From July to September, iPhone sales raked in a revenue of $49.03 billion, marking a 6.1% increase from the $46.22 billion generated in the fiscal fourth quarter of the preceding year. Although this figure fell short of Wall Street’s projections for the quarter, it established a new record for iPhone revenue in the company’s fiscal Q4.

    Expectations for Record iPhone Revenue

    Apple CEO, Tim Cook, announced that the company anticipates the iPhone to generate record revenue for the current quarter (fiscal Q1 2026) as well. In the fiscal year of 2025, iPhone sales reached $209.59 billion, a 4.2% jump from the $201.18 billion generated in 2024.

    The iPhone 17 range has been off to a positive start. Despite a reduction in production of the iPhone Air, the remaining three models—iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max—are reportedly outperforming their iPhone 16 counterparts in terms of sales.

    Performance of Other Products and Services

    The iPad demonstrated a stable fiscal Q4, generating $6.95 billion in revenue. Throughout the fiscal year 2025, the iPad’s revenue amounted to $28.02 billion, reflecting a modest year-on-year growth of 5%. Apple’s second-largest business segment after the iPhone is its Services division, which saw a robust fiscal Q4 with revenue amounting to $28.75 billion, an impressive annual growth of 15.1%. The Services unit generated revenue of $109.16 billion for Apple during the fiscal year 2025, marking a 13.5% increase year-over-year.

    The Services unit holds significant value for Apple as its success is not solely dependent on new iPhone sales. With 1.56 billion active iPhone units globally, the Services unit remains a critical component of the company’s operations.

    The company’s Wearables, Home, and Accessories division, which includes products like the Apple Watch, AirPods, and HomePods, reported Q4 sales of $9.01 billion. Despite a slight dip from last year’s Q4 revenue of $9.04 billion, the division generated $35.69 billion in revenue during fiscal 2025, down 3.6% from the previous year’s figures.

    Regional Performance and Earnings Per Share

    Apple saw increased revenue in nearly every region during the fiscal year 2025, with growth in the Americas, Europe, Japan, and the rest of Asia Pacific. However, sales in Greater China were slightly lower during the fiscal Q4.

    In the fiscal Q4, Apple reported a record $102.47 billion in revenue, a 7.9% increase from the previous year’s Q4 revenue of $94.93 billion. Throughout fiscal 2025, revenue reached a record $416.16 billion, a 6.4% increase compared to the $391.04 billion accumulated in fiscal 2024. The net earnings for fiscal Q4 were $27.47 billion, or $1.85 per share, a significant 90.7% increase from the previous year’s $14.74 billion or 97 cents per share.

    For the entire fiscal year 2025, net earnings amounted to $112.01 billion, or $7.49 per diluted share, compared to fiscal 2024’s $93.74 billion, or $6.08 per diluted share. This indicates a year-over-year net profit increase of 23.2% for Apple in fiscal 2025.

    Questions & Answers

    How did the iPhone perform in terms of revenue during the fiscal fourth quarter of 2025?
    The iPhone generated a revenue of $49.03 billion in the fiscal fourth quarter of 2025, a 6.1% increase from the $46.22 billion generated during the same quarter of the previous year.

    What are the expectations for iPhone revenue in the fiscal Q1 of 2026?
    Apple CEO, Tim Cook, expects the iPhone to generate record-breaking revenue in the fiscal first quarter of 2026.

    How did Apple’s other products and services perform in the fiscal year 2025?
    Apple’s iPad generated a stable fiscal fourth quarter revenue of $6.95 billion and $28.02 billion for the entire fiscal year, marking a 5% year-on-year increase. The Services unit showed a robust fiscal Q4 with revenue of $28.75 billion, a 15.1% year-on-year increase, and $109.16 billion for the entire fiscal year, a 13.5% increase year-over-year. The Wearables, Home, and Accessories division reported Q4 sales of $9.01 billion, and $35.69 billion for the fiscal year 2025, down 3.6% from the previous year.

  • WhatsApp Revolutionizes Apple Watch Experience: Beta Testing Underway for All-New Messaging App

    WhatsApp Revolutionizes Apple Watch Experience: Beta Testing Underway for All-New Messaging App

    Several months after rolling out an iPad application, global messaging giant WhatsApp is reportedly gearing up to introduce a new application specifically designed for the Apple Watch. This anticipated development is set to enhance the user experience of Apple’s wearable technology by making WhatsApp more accessible and convenient to use.

    The Testing Phase of the Apple Watch WhatsApp App

    WhatsApp recently piloted its Apple Watch application for users who are part of the TestFlight beta on iOS. While the parent company, Meta, has not yet made any official announcements regarding the app, the beta release suggests that the WhatsApp application for the Apple Watch might soon be available for all iOS users.

    The newly tested app supports several features that allow users to read WhatsApp messages, send replies, react to messages, and share voice messages. Remarkably, all these functions can be accomplished without having to access WhatsApp on a separate device. Prior to this, users could only view and respond to new WhatsApp notifications through the limited inbuilt features on the Apple Watch.

    A Companion App, Not Standalone

    The WhatsApp application for the Apple Watch is not designed to function independently, much like its counterpart on Wear OS. To use this app, users must have a connected iPhone with the iOS version of WhatsApp installed. The app is currently in the testing phase, accessible only to beta testers.

    Currently, the only other major messaging app with features similar to those offered by the WhatsApp beta app on the Apple Watch is Apple’s own Messages app. Telegram previously had a Watch app, but it was discontinued, while apps like Messenger and Signal have never been compatible with Apple’s wearable device.

    Anticipated Update

    The anticipation for a dedicated WhatsApp app for the Apple Watch has been brewing for some time. The convenience of sending voice messages directly from a user’s wrist, while their phone remains stowed away, represents a significant shift in user accessibility and utility. Such a development has the potential to revolutionize the way users interact with their devices.

    Questions & Answers

    What new features does the WhatsApp app for Apple Watch support?
    The app allows users to read messages, reply, react to messages, and share voice messages without using another device.

    Can the WhatsApp app for Apple Watch be used independently?
    No, to use the app, it needs to be connected to an iPhone with the iOS version of WhatsApp installed.

    Are there any other major messaging apps with similar features on the Apple Watch?
    Currently, only Apple’s own Messages app offers similar features.

  • Japan’s Telecom Titans: Pioneering Global Connectivity with Next-Gen Technologies

    Japan’s Telecom Titans: Pioneering Global Connectivity with Next-Gen Technologies

    As the international telecommunications sector experiences significant changes, companies from Japan are harnessing the power of emerging technologies, their established brands, and strategic partnerships to establish a foothold in the Asia Pacific and various emerging global markets. The Japanese approach is a blend of innovative thinking, collaboration, and long-term strategic planning, all aimed at enhancing regional connectivity.

    Japan’s Telecom Landscape

    In Japan, over 150% of the population owns a mobile phone. However, as the population ages and decreases in size, telecom operators are finding fewer opportunities to attract new subscribers within the country. As a result, they are looking beyond the Asia Pacific for growth opportunities. In terms of global positioning, Japan’s leading telecom companies hold strong. The NTT Group is ranked fifth worldwide with a brand value of $37.1 billion USD, SoftBank sits at 11th with $13.9 billion USD, and au by KDDI is 14th with $10.9 billion USD. These rankings illustrate the robustness of Japan’s telecom sector and highlight the need for these companies to penetrate new markets to maintain their growth. While domestic innovation will persist, international projects, consultations, and partnerships will drive Japan’s global initiatives.

    Leading the Charge in 6G and Intelligent Network Development

    Japan is at the forefront of the development of next-generation wireless technology, making it a primary focus for exports. Leading companies such as NTT DOCOMO, SoftBank, and KDDI are spearheading the profitable development of 6G technology. In December 2024, NTT DOCOMO announced a new 6G initiative following approval from the 3GPP Madrid meeting. Supported by 56 global companies, the project aims to standardize 6G technology, align with UN objectives, and accelerate AI-powered connectivity.

    In July 2025, SoftBank and Nokia conducted Japan’s first 7 GHz 6G outdoor trial, testing centimeter-wave frequencies in Tokyo. The project aims to compare 6G and 5G urban coverage, thereby providing key insights before the ITU-R WRC-27 discussions. Additionally, KDDI Research and Samsung signed a MoU to further AI-driven innovations for 6G. The partnership’s goal is to enhance D-MIMO systems, boost speeds, and broaden coverage using AI. The companies share a vision of a user-centric, AI-integrated 6G network.

    Technology as a Tool for Regional Leadership

    In 2024, Japan demonstrated its leadership in advanced communications with a significant Beyond 5G/6G research project, spearheaded by top firms and selected by the National Institute of Information and Communications Technology (NICT). This project aims to create seamless user connections across cloud data centers, improve fault tolerance, and advance all-photonics networks in rural areas, thereby bolstering Japan’s global standing in next-gen ICT.

    In the same vein, SoftBank unveiled a new AI system for wireless signals in 2025 based on the Transformer model. This AI system, part of the Artificial Intelligence Radio Access Network (AI-RAN) project, boosted 5G speeds by 30% in live tests, thus enhancing Japan’s role in developing AI-powered telecom and next-generation networks.

    Japan’s New Role in the Telecom Ecosystem

    Japan’s leading telecom companies are transitioning from being local market leaders to regional connectivity influencers. By exporting technology, expertise, and ethical standards, they are shaping Asia’s digital landscape. Japan’s influence, powered by 6G innovation, rural networking, and global collaborations, extends beyond its borders, fostering the development of smart, interconnected societies.

    The success of these regional strategies hinges on balancing ambition with caution, and innovation with teamwork. Japan’s telecom industry has set its sights on larger goals, aiming to connect Asia and beyond by focusing on quality, trust, and ongoing innovation.

    Questions & Answers

    What is the current state of Japan’s telecom industry?
    Japan’s telecom industry is robust and globally recognized, with leading telecom companies like NTT Group, SoftBank, and au by KDDI holding strong positions worldwide. However, due to Japan’s aging and declining population, these companies are looking for growth opportunities beyond the Asia Pacific.

    How are Japanese telecom companies advancing 6G technology?
    Japanese telecom companies such as NTT DOCOMO, SoftBank, and KDDI are spearheading the development of 6G technology. They are undertaking numerous initiatives, from standardizing 6G technology to conducting outdoor trials to comparing 6G and 5G urban coverage. They are also focusing on using AI to improve network systems, speed up connectivity, and broaden coverage.

    What is the future outlook for Japan’s telecom industry?
    Japan’s telecom industry is set to evolve from a domestic leader to a regional influencer, shaping Asia’s digital landscape and extending its impact beyond its borders. The industry is also aiming to connect Asia and the rest of the world by focusing on quality, trust, and ongoing innovation. The balance of ambition with caution and innovation with teamwork will be key to the success of these strategies.

  • End of Sweet Saga: Twelve Cupcakes in Singapore Declares Liquidation, Shuts Down 20 Stores Unexpectedly

    End of Sweet Saga: Twelve Cupcakes in Singapore Declares Liquidation, Shuts Down 20 Stores Unexpectedly

    Once a beloved destination for dessert lovers, Singapore’s bakery cafe chain, Twelve Cupcakes, has entered a temporary state of liquidation. This unfortunate circumstance has led to the immediate closure of all its 20 establishments and the termination of approximately 80 employees.

    The announcement, made on October 29, marks the end of a 14-year-long chapter in Singapore’s thriving food and beverage industry. The company expressed regret over the current predicament and offered a sincere apology. “We are deeply sorry for any inconvenience this may cause. We appreciate the unwavering support and partnership we have received over the years,” the brand conveyed in its statement.

    Twelve Cupcakes’ employees, many of whom are represented by the Food, Drinks, and Allied Workers Union (FDAWU), were taken by surprise by the abrupt closure. The company had been unionised since 2021, so the sudden shutdown without prior notice was met with shock and disappointment.

    The union criticized the company’s decision, describing it as “irresponsible and unacceptable.” Currently, it is extending support to the affected staff in dealing with wage and retrenchment claims.

    Twelve Cupcakes was founded in 2011 by popular celebrities Daniel Ong and Jaime Teo. The bakery cafe chain experienced a period of swift growth and was acquired in 2016 by the Dhunseri Group, an Indian conglomerate. The acquisition, which was worth S$2.5 million (US$1.9 million), was a strategic move aimed at expanding the brand’s presence across Asia.

    Questions & Answers

    **What led to the closure of Twelve Cupcakes?**
    Twelve Cupcakes has entered a temporary state of liquidation, which forced the company to close all its 20 locations and terminate about 80 employees.

    **How did the staff react to the sudden closure?**
    The staff, most of whom are represented by the Food, Drinks, and Allied Workers Union (FDAWU), were shocked and disappointed by the abrupt closure, as there was no prior warning.

    **What does the Dhunseri Group’s acquisition of Twelve Cupcakes signify?**
    The Dhunseri Group, an Indian conglomerate, acquired Twelve Cupcakes in 2016 for S$2.5 million (US$1.9 million). This was a strategic move aimed at expanding the bakery cafe chain’s presence across Asia.

  • Revolutionizing Radio Networks: SoftBank and NVIDIA’s Triumph in AI-Driven Massive MIMO

    Revolutionizing Radio Networks: SoftBank and NVIDIA’s Triumph in AI-Driven Massive MIMO

    A successful demonstration recently utilized an AI-RAN (Artificial Intelligence Radio Access Network) that performed radio signal processing entirely on NVIDIA’s graphics processing unit (GPU). This is a major shift from traditional systems that heavily relied on dedicated hardware, specifically field-programmable gate arrays (FPGAs) or application-specific integrated circuits (ASICs), for processing at the Physical Layer (PHY).

    Performance Under Real-World Conditions

    In the outdoor trial, SoftBank exhibited top-tier performance under real-world circumstances. They used a cutting-edge, virtualized RAN (vRAN) structure that performs this processing by using large-scale CUDA-accelerated parallel computation on NVIDIA’s GPU. This architecture also incorporates AI processing.

    Throughout the trial, AITRAS exploited the GPU’s efficient parallel processing skills to carry out extensive matrix computations crucial for Massive MIMO and PHY-layer signal processing. This was achieved entirely in software within the Distributed Unit (DU). Consequently, SoftBank affirmed the stable function of a 16-layer MU-MIMO downlink in outdoor settings. In comparison to the standard four-layer setup, both spectral efficiency and throughput improved by about three times.

    Significant Validation

    This success serves as a substantial validation of the PHY-layer execution on a GPU. It enables stable Massive MIMO operations within the specified processing time of the RAN. This is an important technical milestone that leads the commercialization of AI-RAN.

    In the AITRAS model, the connection between the DU and O-RAN-compliant Radio Unit adheres to O-RAN Split Option 7.2x. While some Massive MIMO implementations transfer parts of the uplink channel estimation and equalization processing from the DU to the O-RU, AITRAS uses a fully software-based approach within the DU. This uses the GPU computing power and aids in creating a Massive MIMO ecosystem using general-purpose O-RUs without needing extra functions.

    Uplink Radio Signals and AI Processing

    By combining uplink radio signals from various O-RUs into a single DU, equipped with an integrated AI processing unit, AI-based coordinated control for radio signal quality can be effectively executed across multiple O-RUs. This improves radio signal quality through uplink channel interpolation and boosts capacity through advanced beamforming techniques.

    The aim with the development of AITRAS is to speed up the practical implementation of AI-RAN, contributing to a more sustainable and flexible next-generation network infrastructure. The plan is to continue field trials and introduce AITRAS into commercial networks by 2026.

    Questions & Answers

    What is the significance of the recent demonstration by SoftBank?
    The demonstration is significant as it showed that radio signal processing can be performed entirely on NVIDIA’s GPU using AI-RAN, shifting away from the traditional reliance on dedicated hardware.

    What is the anticipated impact of AI-RAN in real-world conditions?
    AI-RAN demonstrated high performance under real-world conditions, improving both spectral efficiency and throughput by about three times. This could significantly enhance communication quality and overall capacity of base stations.

    What is the long-term goal for the development of AITRAS?
    The goal is to accelerate the practical implementation of AI-RAN, thereby contributing to the creation of a more sustainable and flexible next-generation network infrastructure. SoftBank plans to introduce AITRAS into its commercial network by 2026.

  • Korea Secures $9 Billion in Cloud and AI Investments from Global Tech Giants at APEC Summit

    Korea Secures $9 Billion in Cloud and AI Investments from Global Tech Giants at APEC Summit

    During the APEC Global Investment Partnership event, which was held in conjunction with the APEC CEO Summit in Gyeongju, an announcement was made that underscores the determination of Seoul to lure high-value investment into the areas of digital infrastructure and advanced manufacturing. This is part of Seoul’s drive to expedite its aspirations in the field of artificial intelligence (AI).

    Investments in South Korean Digital Infrastructure

    Matt Garman, the CEO of Amazon Web Services (AWS), disclosed a plan to invest $5 billion by 2031 in order to expand the company’s cloud data centers and enhance its AI competencies in South Korea. He pointed out that South Korea is swiftly becoming a hub of AI innovation in Asia, and the continuous investments by AWS reveal their faith in South Korea’s technological ecosystem. He also believes that these investments will bolster South Korea’s place in the global AI economy.

    President Lee Jae Myung of South Korea, who met with Garman during the event, expressed his approval of AWS’s investment, deeming it a crucial aspect of Seoul’s AI strategy. His endorsement comes on the heels of AWS’s announcement of their $4 billion AI data center project in Ulsan earlier this year. President Lee is confident that this collaboration with AWS will stimulate Korea’s AI ecosystem and solidify their mutual path to prosperity.

    Investments from Other Multinational Corporations

    Additionally, six other multinational companies, namely Renault, Amkor Technology, Corning, Air Liquide, Siemens Healthineers, and Umicore, also communicated their new investment commitments. Renault Korea is set to transform existing production lines for the manufacture of electric vehicles, designating Korea as one of its five global strategic hubs. Siemens Healthineers has plans to construct a new 9,917-square-meter facility in Pohang for the production of components for cardiovascular ultrasound systems. Amkor Technology is preparing to extend its semiconductor packaging operations, while Umicore has intentions to build a cathode materials plant to cater to Korea’s rapidly expanding battery supply chain.

    As per the Ministry of Trade, Industry, and Energy of Korea, approximately $660 million of the declared amount is to be immediately registered as foreign direct investment.

    Korea’s Leadership in AI Development

    President Lee, during his keynote speech at the APEC CEO Summit, expressed Korea’s intention to propose an AI Initiative at the upcoming APEC leaders’ meeting, advocating for inclusive and cooperative AI development in the Asia-Pacific region. He envisions a future where AI is accessible to all, hopeful that this vision will become the new standard for APEC. This places Korea in a leadership position in the Asia-Pacific region in terms of digital transformation and ethical AI governance.

    The APEC CEO Summit, organized by the Korea Chamber of Commerce and Industry (KCCI), saw a record turnout of 1,700 business and political leaders, the largest in the summit’s 30-year history. The summit boasted the attendance of top executives and heads of state, including U.S. President Donald Trump, NVIDIA CEO, Jensen Huang, and several Asia-Pacific leaders.

    The summit was represented by the chairmen of Korea’s biggest conglomerates, including Samsung, Hyundai, LG, SK Group, and POSCO, reinforcing the country’s pivotal role in shaping the region’s technological future. The summit’s sessions over the three days centered around AI, digital currencies, supply chain resilience, green transition, and economic cooperation.

    Questions & Answers

    What was the primary focus of the APEC Global Investment Partnership event?
    The event was centered around Seoul’s efforts to attract high-value investments in digital infrastructure and advanced manufacturing to accelerate its AI ambitions.

    What is AWS’s planned investment in South Korea?
    AWS announced a plan to invest $5 billion by 2031 to expand its cloud data centers and boost its AI capabilities in South Korea.

    How are other multinational corporations contributing to South Korea’s AI strategy?
    Six multinational corporations have committed to new investments in South Korea. These include Renault’s conversion of production lines to electric vehicle manufacturing, Siemens Healthineers’ construction of a new facility for cardiovascular ultrasound systems, and Amkor Technology’s expansion of semiconductor packaging operations.

  • Tokyo: The New Fintech Frontier Poised for $30.2 Billion Boom by 2033

    Tokyo: The New Fintech Frontier Poised for $30.2 Billion Boom by 2033

    Tokyo is spurring efforts to establish itself as a leading hub for financial technology (fintech), capitalizing on the exponential growth of digital finance in Asia. The city’s fintech market is predicted to hit an impressive $30.2 billion by 2033, growing at a steady rate of 14.1 percent annually. Leading the city’s drive to attract the most innovative fintech companies globally is FinCity.Tokyo, a financial promotion body that offers tangible support to startups seeking to penetrate the Japanese market and form enduring partnerships.

    Spotlight on Tokyo

    In a bid to showcase Tokyo’s potential, FinCity.Tokyo will host a Fintech Insight Session at the Singapore Fintech Festival (SFF) on 13 November 2025. The event, themed “Unlocking Tokyo: The Next Wave in Fintech and DeFi,” will delve into how global and ASEAN fintech enterprises can tap into Tokyo’s regulatory sandbox, burgeoning venture capital operation, and its function as a conduit for Japanese capital into Southeast Asia.

    A New Home for International Fintechs

    Tokio Morita, Executive Director of FinCity.Tokyo, announced that “ASEAN’s fintech sector is gaining strong momentum and cross-border expansion is the natural next step in its evolution.” He further noted that Japan offers more than just capital- it brings the credibility of a well-established regulatory environment and deep institutional trust. The organization’s aim is to assist fintechs from Singapore, ASEAN, and other global regions to create their secondary base in Tokyo. With the ASEAN fintech market projected to surpass $150 billion by 2030, the timing for such international collaboration is ideal.

    Enhancing Collaboration and Accelerating Web3

    The Financial Services Agency (FSA) in Japan has made strides in welcoming both local and international startups by opening its regulatory sandbox. This move allows businesses to experiment with new models in a flexible, low-barrier setting, thus facilitating smoother market entry and sparking innovation in fields like digital assets, Web3, and decentralized finance.

    Japan’s Ministry of Internal Affairs and Communications predicts that the country’s Web3 economy will grow over 20 times to 2.4 trillion yen by 2027, a testament to the strong institutional and governmental dedication to digital transformation.

    Bridging the Gap between Singapore and Tokyo

    ADDX, a Singapore-based digital securities platform, is one of FinCity.Tokyo’s success stories. The platform now collaborates with Japanese investors and key institutions. Another successful example is Lydia.ai, a healthtech startup that leverages AI to extract insights from unconventional data sources. The Co-Founder, Christina Cai, credited their successful entry into Japan’s financial ecosystem to the support they received from FinCity.Tokyo.

    Transforming Tokyo into a Fintech Launchpad

    FinCity.Tokyo’s mission goes beyond mere promotion. In collaboration with the Tokyo Metropolitan Government’s Invest Tokyo platform, the organization provides practical aid to foreign fintechs, ranging from licensing assistance to venture capital introductions. Under the Attraction U Project, eligible fintechs can receive subsidies of up to 30 million yen (approximately $200,000) to establish and expand their business in Japan.

    Building a Global Financial Hub

    Tokyo is positioning itself as a global launching pad for fintech innovators by offering regulatory clarity, institutional trust, and access to extensive Japanese capital. As the fintech landscape in Asia matures, Tokyo aims to play a crucial role in linking global innovation with one of the world’s largest and most advanced financial markets.

    Questions & Answers

    What is Tokyo’s projected fintech market value by 2033?
    The predicted value of Tokyo’s fintech market by 2033 is $30.2 billion.

    How is FinCity.Tokyo supporting fintech startups?
    FinCity.Tokyo is providing hands-on support to fintech startups by helping them enter the Japanese market and form lasting partnerships. It also offers tangible aid ranging from licensing advice to venture capital introductions.

    What is the purpose of Japan’s regulatory sandbox?
    Japan’s regulatory sandbox allows businesses to test new models in a flexible, low-barrier setting. This facilitates smoother market entry and fosters innovation in various fields, including digital assets, Web3, and decentralized finance.

  • Rocketing Fuel Prices: Gasoline Hits 6-Week High in Vietnam Amid Global Oil Market Turmoil

    Rocketing Fuel Prices: Gasoline Hits 6-Week High in Vietnam Amid Global Oil Market Turmoil

    Gasoline prices in Vietnam experienced an unprecedented surge on Thursday, reaching their highest levels since September 18. The widely used fuel RON95 skyrocketed by 3.85%, now costing VND20,480 (equivalent to US$0.78) per liter.

    Increases Across Fuel Types

    This upward trend was not exclusive to RON95. Biofuel E5 RON92 also saw a significant rise of 3.73%, now priced at VND19,760 per liter. Additional increases were noted in diesel prices, which escalated by 7.38% to reach VND19,200 per liter, marking the highest diesel prices since July 1.

    Global Influences on Oil Market

    Several international factors influenced the global oil market over the past week, prompting these price increases. One such factor is the U.S. government’s imposition of sanctions on Russia’s two largest oil and gas corporations. Other influential factors include the recent U.S. trade negotiations with India and China, as well as the projected rise in oil production by OPEC+ in December.

    The wholesale prices of these fuels have also been affected. RON95’s price per barrel has risen by 5.1% to stand at $82.2, while diesel’s price per barrel increased by 8.9% to reach $90.94.

    Questions & Answers

    What has caused the recent surge in gasoline prices in Vietnam?
    Multiple factors have contributed to the recent surge in gasoline prices, most notably international influences such as U.S. sanctions on Russia’s largest oil and gas corporations, recent U.S. trade negotiations with India and China, and expected production increases by OPEC+ in December.

    What fuels have been affected by the price increase?
    The price increase has affected multiple fuel types, including the widely used RON95, Biofuel E5 RON92, and diesel.

    How have wholesale fuel prices been impacted?
    Wholesale prices for fuels like RON95 and diesel have also seen significant increases. The price per barrel for RON95 has risen by 5.1% to $82.2, while diesel’s price per barrel has increased by 8.9% to reach $90.94.

  • Nissan India Celebrates Export of 1.2 Million Vehicles: Triumph for Made-in-India Cars Globally

    Nissan India Celebrates Export of 1.2 Million Vehicles: Triumph for Made-in-India Cars Globally

    Nissan India Reaches Export Milestone

    Nissan India has marked a significant achievement with the announcement of its 1.2 millionth vehicle export. The Japanese automotive company has primarily centred its focus on the Magnite model, with occasional offerings of fully imported models such as the X-Trail. Nissan India exports vehicles to the AMIEO region, comprising Africa, Middle East, India, Europe, and Other markets.

    The milestone vehicle, a Magnite, is destined for the Gulf Cooperation Council (GCC) region. It was officially unveiled by Saurabh Vatsa, the Managing Director of Nissan Motor India, at Kamarajar Port in Ennore, Tamil Nadu. While the Magnite has been the mainstay, Nissan India has a history of exporting various models. These include the Sunny, Kicks, and Micra, which have been shipped to regions such as Africa, the Middle East, Latin America, and Southeast Asia.

    Changes in Model Exports Over Time

    Over time, however, these models were phased out due to lacklustre sales performance following the introduction of BS6 emission standards. At present, the Magnite is exported to 65 countries and is available in both left-hand (LHD) and right-hand (RHD) drive versions.

    Saurabh Vatsa, Managing Director, Nissan Motor India, commended this achievement, attributing it to the collective efforts of their teams and the global trust in their Made-in-India cars. He stated, “The Nissan Magnite continues to be a global success story, representing our focus on design, quality, and innovation that transcends borders.”

    Updates to the Magnite Model

    In December of the previous year, Nissan introduced a minor facelift to the Magnite, including subtle cosmetic changes and additional features. However, the mechanical aspects of the vehicle remain the same. The Magnite is offered with two petrol engine options: a 1.0-litre naturally aspirated engine and a 1.0-litre turbocharged engine. The former delivers 72 bhp and 96 Nm of peak torque, while the latter offers 99 bhp and 160 Nm (or 152 Nm with automatic transmission) of torque.

    Questions & Answers

    What milestone has Nissan India recently achieved?
    Nissan India has recently announced the export of its 1.2 millionth vehicle.

    Which regions does Nissan India export its vehicles to?
    Nissan India exports its vehicles to the AMIEO region, which includes Africa, the Middle East, India, Europe, and other markets.

    What changes were made to the Nissan Magnite in its latest update?
    In its latest update, the Nissan Magnite received a mild facelift with subtle cosmetic enhancements and additional features. The mechanical aspects of the vehicle, however, remain unchanged.

  • Vietnam’s Economy Soars: Standard Chartered Forecasts 7.5% GDP Growth in 2025 Amid Robust Trade and FDI Inflow

    Vietnam’s Economy Soars: Standard Chartered Forecasts 7.5% GDP Growth in 2025 Amid Robust Trade and FDI Inflow

    Standard Chartered Bank has revised its economic growth forecast for Vietnam this year from an initial prediction of 6.1% to a more promising 7.5%. In its most recent macroeconomic report, Standard Chartered also adjusted its growth prospect for the country for 2026, from 6.2% to a promising 7.2%.

    Increasing Role in the Global Supply Chain

    A key factor highlighted by Standard Chartered Bank was Vietnam’s expanding role in the global supply chain. This elevation is largely fueled by the country’s robust trading performance and deepening integration into international commerce through various free trade agreements. In September, Vietnam’s exports reached a staggering US$42.7 billion, a 24.7% increase compared to the previous year. This impressive growth was spearheaded by key sectors such as electronics and computers (up 66.2%), telephones (17.5%), and machinery (11.6%).

    Simultaneously, imports saw a 24.9% increase to $39.8 billion, with electronics and computer supplies (up 43.6%) and machinery (up 33.6%) leading the charge. These numbers indicate a consistent expansion in production and industrial capacity in Vietnam.

    Resilient External Position and Economic Recovery

    Standard Chartered Bank highlighted Vietnam’s resilient external position, bolstered by solid trade and a stable foreign exchange outlook. After previously being depleted due to the strengthening of the U.S. dollar, it is anticipated that the country’s FX reserves will be rebuilt. This reflects an improved macroeconomic stability and a healthy trade performance.

    As another positive economic indicator, the growth of domestic credit has also sped up, suggesting a continued economic recovery without requiring policy rate cuts. Current credit growth surpasses 15% year on year, which indicates growing business confidence and a higher demand for finance. The bank also pointed out that lending growth continues to be robust, supported by favourable liquidity conditions and government initiatives to stimulate growth.

    Foreign Direct Investment as Key Growth Driver

    Foreign direct investment (FDI) remains a significant contributor to growth. In the first nine months of 2025, the amount of disbursed FDI increased by 8.5% year on year, amounting to $18.8 billion, while registered FDI surged by 15.2% to $28.5 billion.

    Looking ahead, Standard Chartered economists predict the refinancing rate to remain at 4.5% for the remainder of this year and 2026, with favourable conditions encouraging investment and expansion. Tim Leelahaphan, senior economist for Vietnam and Thailand at Standard Chartered, praised Vietnam’s resilience and adaptability, which have been demonstrated through its strong FDI inflows and robust export growth. These factors have reinforced its strategic role in the diversification of the global supply chain and suggest an optimistic outlook for continued economic expansion.

    The bank also maintained its forecast for the USD/VND exchange rate at VND26,300 for this year and VND26,750 for 2026, while lowering inflation projections to 3.4% for 2025 and 3.7% for next year. These updated figures were based on stronger-than-expected growth momentum and easing price pressures.

    Questions & Answers

    What is the revised economic growth forecast for Vietnam in 2026?
    Standard Chartered Bank has revised the economic growth forecast for Vietnam in 2026 from 6.2% to 7.2%.

    What factors have led to the growth of Vietnam’s role in the global supply chain?
    The growth of Vietnam’s role in the global supply chain is primarily due to its strong trading performance and its deepening integration into international commerce through several free trade agreements.

    How is the Foreign Direct Investment (FDI) contributing to Vietnam’s economy?
    FDI is a significant contributor to Vietnam’s economy. In the first nine months of 2025, discharged FDI increased by 8.5% year on year, reaching $18.8 billion whereas registered FDI surged by 15.2% to $28.5 billion. This robust FDI inflow is a testament to Vietnam’s resilience and adaptability, indicating a positive outlook for continued economic expansion.

  • Unprecedented Gold Rush: Global Demand Hits Record High Amid Surging Investment

    Unprecedented Gold Rush: Global Demand Hits Record High Amid Surging Investment

    In the third quarter, global gold demand experienced a 3% annual increase, amounting to 1,313 metric tons. This marked the highest level of demand ever recorded, primarily driven by a surge in investment demand, reported the World Gold Council.

    Spot Gold Prices Rise

    Spot gold prices have seen a remarkable increase of 50% in the year to date, culminating in a record high of $4,381 per troy ounce on October 20th. This surge can be attributed to safe-haven demand triggered by geopolitical instability, uncertainty surrounding U.S. tariffs, and a recent wave of ‘fear-of-missing-out’ or ‘FOMO’ buying.

    Senior markets analyst at the World Gold Council, Louise Street, expressed optimism regarding the future of gold. She pointed to factors such as ongoing weakness in the U.S. dollar, predictions of lower interest rates, and the potential threat of stagflation, that could further stimulate investment demand. Street also noted that their research suggests the market is not yet saturated.

    Gold Bar and Coin Demand Increase

    The demand for gold bars and coins witnessed a rise of 17% in the third quarter, with India and China leading the way. Inflows into physically backed gold exchange-traded funds soared by 134%, according to the industry body whose members comprise global gold miners.

    These categories combined managed to counterbalance the continuing steep decline in gold jewellery fabrication, which is the largest category of physical demand. The latter saw a 23% drop to 419.2 tons as high prices deterred buyers worldwide.

    Central Banks Boost Gold Demand

    Central banks, another significant source of gold demand, ramped up their purchases by 10% to 219.9 tons in the third quarter. This estimate was based on reported purchases and the World Gold Council’s assessment of unreported buying.

    From January to September, central banks have acquired 634 tons, which although lesser than the unusually high amounts of the last three years, is still significantly higher than the levels recorded before 2022.

    Gold Supply Reaches Record High

    On the supply side, a 6% contribution from recycling and a 2% increase in mine production in the third quarter led to the gold supply reaching an all-time high.

    Questions & Answers

    What factors are contributing to the increased demand for gold?
    Economic factors such as continued U.S. dollar weakness, lower interest rates, and the threat of stagflation are driving increased investment demand for gold.

    Which countries are leading in the demand for gold bars and coins?
    India and China are currently leading in the demand for gold bars and coins.

    How have central banks influenced gold demand?
    Central banks have increased their purchases by 10% to 219.9 tons in the third quarter, thereby significantly influencing gold demand.

  • J&T Express Rides Southeast Asia Wave, Achieves 23% YoY Surge In Q3 Parcel Volume

    J&T Express Rides Southeast Asia Wave, Achieves 23% YoY Surge In Q3 Parcel Volume

    Global logistics service provider, J&T Global Express Limited, has released its operational data for Q3 of 2025. The company witnessed a year-on-year growth of 23.1% as of September 30, 2025, accumulating a total parcel volume of approximately 7.68 billion. The average daily parcel volume stood at 83.4 million, with all primary markets seeing double-digit growth. The most significant expansion was witnessed in Southeast Asia and new markets.

    Impressive Growth in Southeast Asia

    As the top express delivery company in Southeast Asia by market share, J&T sustained significant growth momentum throughout the third quarter in the region. The parcel volume in Southeast Asia escalated to 2.00 billion, marking a staggering 78.7% increase year-on-year. The average daily parcel volume in the region was recorded as 21.7 million. The company saw an increase in the number of outlets in the region, reaching 10,700 at the end of September 2025 — a rise of 900 compared to the end of the year 2024. The increase in parcel volume also stimulated higher demand for line-haul capacity, resulting in the number of line-haul vehicles in Southeast Asia rising to 5,500 in the third quarter, a jump of 900 from the end of 2024.

    Positive Performance in China and New Markets

    Despite fierce competition in China, J&T managed to maintain a healthy double-digit year-on-year growth rate of 10.4% in Q3. The parcel volume reached 5.58 billion, with an average daily parcel volume of 60.6 million. In the case of new markets, including Saudi Arabia, the UAE, Mexico, Brazil, and Egypt, J&T’s parcel volume for the third quarter clocked in at 104 million, a robust year-on-year surge of 47.9%. The average daily parcel volume in these markets was 1.13 million.

    Questions & Answers

    What was J&T Global Express Limited’s total parcel volume for Q3 of 2025?
    The company experienced a total parcel volume of approximately 7.68 billion.

    How much did the parcel volume grow in Southeast Asia?
    The parcel volume in Southeast Asia reached 2.00 billion, marking an impressive year-on-year growth of 78.7%.

    What was the year-on-year growth in new markets?
    In new markets, J&T’s parcel volume for the third quarter saw a robust year-on-year surge of 47.9%, reaching 104 million.