Retail News CRM

Author: Mei Ling Tan

  • Shingda Group Streamlines Operations: A Bold Move for Singapore’s Construction Industry

    Shingda Group Streamlines Operations: A Bold Move for Singapore’s Construction Industry

    In a strategic move to elevate its IT capabilities, Shingda Group, a civil engineering and construction powerhouse based in Singapore, has embraced a cutting-edge cloud management platform. This innovation aims to enhance operations across remote construction sites, where digital resources are often sparse.

    By implementing a hub-and-spoke VPN architecture, Shingda has streamlined connectivity and fortified security across various locations, bridging its remote sites to headquarters with newfound efficiency. The company selected Zyxel Networks’ Nebula cloud management platform for this pivotal transition.

    Since its deployment, Shingda reports an impressive 60 percent increase in network management efficiency. The IT team is experiencing a remarkable transformation, completing troubleshooting and configuration tasks up to 70 percent faster, saving valuable time and resources.

    “We needed a solution that would keep our sites connected, secure, and manageable,” shared Joshua Pek, IT Manager at Shingda Group. The integration with Zyxel Networks’ equipment allows the IT team to swiftly diagnose and resolve issues from a single, unified dashboard — no more juggling multiple tabs like a circus performer just to configure devices!

    Building a Centralized Network for Enhanced Control

    Shingda Group’s revamped network infrastructure features GS1920 Series smart managed switches with Power over Ethernet (PoE) capabilities and WAX510D WiFi 6 access points, ensuring robust connectivity even in high-density environments. Security is prioritized via ATP Series firewalls and branch devices such as the ATP200, SCR50AXE, and USG20-VPN.

    All these components are seamlessly managed through Nebula’s centralized cloud platform, offering full network visibility and automatic topology mapping. This centralized approach eliminates the need for spreadsheets to track IP addresses or credentials, liberating staff from cumbersome manual processes.

    As a result, team members now enjoy streamlined logins, reliable WiFi coverage, and uninterrupted site-to-site connectivity, allowing them to focus on what truly matters — the projects at hand.

    Questions & Answers

    What prompted Shingda Group to adopt a cloud management platform?
    The company aimed to modernize its IT infrastructure and improve operations at remote construction sites where resources are typically limited.

    How has the implementation of the Nebula platform impacted Shingda’s network management?
    Shingda reports a 60 percent boost in network management efficiency and a significant reduction in the time needed for troubleshooting and configuration tasks.

    What key features does Shingda’s new network setup include?
    The network setup includes GS1920 Series smart managed switches, PoE-enabled WiFi 6 access points, and robust ATP Series firewalls, all managed through Nebula’s centralized cloud platform.

  • Vietnam’s Gold Prices Soar to New Heights in Record-Breaking Surge

    Vietnam’s Gold Prices Soar to New Heights in Record-Breaking Surge

    Vietnam’s gold market continues to shine brightly, reaching unprecedented heights as prices soar once again.

    In the latest surge, gold from the Saigon Jewelry Company climbed 0.47%, peaking at VND127.7 million (US$4,849.70) per tael. Gold rings followed suit, increasing by 0.41% to VND122.1 million per tael, marking yet another record high.

    Since the start of the year, Vietnamese gold prices have skyrocketed by 52%, considerably outpacing the stock market’s 29% gains—a dazzling display that’s catching the attention of investors and gold aficionados alike.

    In contrast, the U.S. dollar has appreciated by 3.75% against the Vietnamese dong, adding another layer of complexity to the market landscape. Globally, spot gold prices held steady at $3,372.67 per ounce, with the market eagerly awaiting U.S. PCE data that could influence the Federal Reserve’s upcoming policy decisions. A stronger dollar is currently tempering any potential gains, as reported by Reuters.

    U.S. gold futures for December delivery settled a marginal 0.03% lower at $3,417.5. Just last week, gold prices reached a near two-week high following comments from Federal Reserve Chair Jerome Powell regarding a potential interest rate cut in September. While Powell acknowledged rising risks to the job market, he also highlighted persistent inflation concerns, leaving the final decision unclear.

    In a high-interest-rate environment, the allure of non-yielding gold tends to wane, making its recent rise all the more intriguing. As the sun shines brightly on Vietnam’s golden moment, many are left wondering how high this shiny trend can go.

    Questions & Answers

    How have gold prices in Vietnam changed recently?
    Gold prices in Vietnam have surged significantly, with the Saigon Jewelry Company reporting a 52% increase since the beginning of the year, vastly outstripping stock market gains.

    What factors are influencing global gold prices?
    Global gold prices are being influenced by anticipation surrounding U.S. PCE data and the Federal Reserve’s interest rate policies, with a stronger dollar currently capping gains.

    What impact do interest rates have on gold’s attractiveness?
    In a high-interest-rate environment, gold’s appeal diminishes because it does not yield any interest compared to other investments, making its recent rise particularly notable.

  • Protecting A2P SMS Revenue Streams Amidst CPaaS and OTT Disruption: Strategies for Retail Success

    Protecting A2P SMS Revenue Streams Amidst CPaaS and OTT Disruption: Strategies for Retail Success

    As the Asia Pacific (APAC) region accelerates through its digital evolution, mobile network operators (MNOs) find themselves grappling with an urgent challenge: the protection of Application-to-Person (A2P) SMS, a crucial communication channel. Despite its reliability and security as a mode of enterprise communication, A2P SMS is increasingly undermined by revenue loss through gray routes, fraud, and fierce competition from communication-platform-as-a-service (CPaaS) providers and over-the-top (OTT) messaging options like WhatsApp and Flash Calls.

    Addressing these concerns is VOX Solutions, a company focused on A2P monetization, messaging security, and fraud prevention. The firm collaborates closely with operators, providing platforms and analytical tools designed to ensure revenue assurance while preserving the trust of both enterprises and subscribers.

    In an exclusive dialogue with Telecom Review Asia, John White, VP of Strategic Partnerships for APAC at VOX Solutions, provided insights into how MNOs can defend their messaging revenues, adapt to evolving market dynamics, and reinforce trust within the A2P SMS ecosystem.

    Navigating a Complex Landscape

    White identified the most pressing issue facing MNOs as the decline in A2P SMS traffic and revenue. This downturn stems from numerous factors, including budget-conscious enterprises opting for cheaper, unauthorized channels offered by CPaaS providers, along with widespread adoption of OTT messaging alternatives.

    Compounding these issues are ongoing threats from fraud and gray routes that continually chip away at revenue assurance. Some aggregators, who also operate as CPaaS providers, create conflicts of interest by simultaneously monetizing channels that compete directly with SMS. The outcome is a notable contraction in traffic, squeezed profit margins, and diminishing trust from enterprises and subscribers alike.

    The Future of A2P SMS: A Balancing Act

    Despite the pressures, A2P SMS holds a unique value proposition: it remains universal, reliable, and secure, with no app download required for users. Enterprises will continue to depend on A2P SMS for essential communications such as authentication, alerts, and consumer engagement.

    Ultimately, the future of A2P SMS rests in the hands of MNOs and how effectively they manage and safeguard this channel. Those that implement best-in-class monetization and fraud prevention strategies, alongside transparent partnerships, will stabilize revenues and reinforce SMS as the reliable communication avenue for enterprises.

    As new technologies like Flash Calls and Rich Communication Services (RCS) emerge, MNOs that cultivate robust partnerships can capture revenue across multiple channels, rather than allowing it to seep away through unregulated routes. It’s a classic case of adapt or be left behind—almost like a game of musical chairs, but instead of seeking a seat, it’s all about claiming the traffic!

    Strategic Priorities for MNOs

    To navigate this shifting landscape and protect their revenues, MNOs should focus on a comprehensive monetization strategy built on four cornerstones. First, they must achieve direct control over traffic by eliminating reliance on opportunistic aggregators and gray routes. Second, transparent commercial models are critical; fair and sustainable pricing helps retain the trust of enterprises. Third, robust fraud prevention is essential; leveraging analytics and AI can significantly reduce financial leakages. Finally, strategic partnerships are key. By working with dedicated providers like VOX Solutions, whose commitment lies with long-term alignment rather than opportunistic traffic deals, MNOs can position themselves favorably.

    Innovations from VOX Solutions

    VOX Solutions was founded with a sole mission: to prioritize the interests of MNOs fully. Eschewing competition with operators by not diverting traffic to cheaper OTT channels, VOX ensures that A2P messaging is conducted exclusively through direct, secure SMS pathways, promoting revenue assurance and brand credibility.

    Among their innovative offerings, the award-winning VOX360 platform stands out as a real-time SMS and Voice firewall that detects and blocks fraud. Additionally, their advanced analytics capabilities provide operators with clear visibility into gray-route traffic and fraud patterns. As a trailblazer in combating Flash Calls and Artificial Inflation of Traffic (AIT), VOX has set industry benchmarks and delivered the first AIT mitigation implementations worldwide. Their transparent, flexible commercial models aim to balance immediate risks with long-term revenue growth, making them a trusted partner for tier-one operators, regulators, and governments around the globe.

    Questions & Answers

    What are the primary challenges MNOs face regarding A2P SMS?
    The biggest challenges include declining traffic and revenue due to price-sensitive enterprises opting for cheaper alternatives, growing competition from CPaaS providers and OTT services, as well as ongoing threats from fraud and gray routes.

    How can MNOs protect their A2P SMS revenues in the future?
    MNOs can safeguard their revenues by implementing robust monetization strategies that enhance traffic control, enforce transparent pricing, improve fraud prevention, and build strategic partnerships with aligned providers.

    What innovations is VOX Solutions bringing to the A2P SMS ecosystem?
    VOX Solutions offers the VOX360 firewall for real-time fraud detection, advanced analytics for traffic visibility, and pioneering efforts against Flash Calls and traffic inflation, all while maintaining a long-term partnership model with MNOs.

  • VinSpeed Plans Ambitious 350 kph Metro System for HCMC: A Bold Leap in Urban Transit!

    VinSpeed Plans Ambitious 350 kph Metro System for HCMC: A Bold Leap in Urban Transit!

    In a significant stride towards enhancing urban mobility, VinSpeed has announced a groundbreaking VND76 trillion (US$2.93 billion) project aimed at revolutionizing the transportation landscape in Ho Chi Minh City. The financing structure reveals that 15% of the capital will come from its own resources, while a substantial 85% will be sourced through loans, as discussed in a recent conference focused on green transportation.

    Land Preparation with State Support

    To pave the way for this ambitious endeavor, land clearance costs, estimated at over VND7.6 trillion (approximately $288 million), will be borne by government funds. It’s perhaps the ultimate local government investment: an invitation for residents to wave goodbye to gridlock!

    A Speedy Solution

    The proposed rapid transit line is designed to operate at speeds three times faster than the current Ben Thanh – Suoi Tien metro service. “Choosing a high-speed option from the outset simplifies the process,” noted Nguyen Anh Tuan, CEO of VinSpeed. He further explained that the actual operational pace might be adjusted based on passenger needs, allowing for flexibility in service design.

    Construction Timeline and Ambitions

    Construction is slated to kick off in the last quarter of this year, with the aim of completing it by early 2028. “This timeline is ambitious, setting a record for a metro line, but we are fully confident in our ability to meet it,” Tuan remarked, setting the stage for what could be a transformative shift in public transport.

    Learning from Experience

    Given Vietnam’s relatively nascent experience with such large-scale projects, VinSpeed has embraced a strategic approach—studying international models and conducting comprehensive geological and topographical assessments along the proposed route. Experts attending the seminar lauded the project’s ambition, suggesting it could redefine metro and railway development standards in Vietnam.

    Balancing Speed with Scenic Appreciation

    Not all feedback was unreservedly positive; experts voiced concerns regarding the high operational speed of 350 kph. Truong Tien Trien, deputy head of HCMC’s Urban Development Management Board, cautioned that such speed might prevent passengers from savoring Can Gio’s stunning natural vistas. “We must be cautious,” he urged.

    Environmental Considerations

    Adding another layer to the discussion, Tran Du Lich, head of HCMC’s metro network development advisory group, underscored the need for environmental protection, particularly concerning the Can Gio International Biosphere Reserve. “Even if the route is curved, it should avoid impacting this unique ecosystem,” he asserted.

    Expert Recommendations

    Phan Huu Duy Quoc, chairman of Construction Corporation No. 1, which previously contributed to the Ben Thanh – Suoi Tien metro, suggested optimizing service roads and construction sites to minimize environmental footprints. On the river-crossing segment, he proposed exploring an underground tunnel instead of constructing a new bridge, drawing on lessons learned from the existing metro line.

    Can Gio: A Natural Haven

    Can Gio, located approximately 50 km from central Ho Chi Minh City, spans over 71,300 hectares, with a remarkable 70% of its area consisting of mangrove forests and intricate waterways. The burgeoning metro network in HCMC, with a grand plan featuring 11 lines and a target of completing seven lines totaling 355 km by 2035, is poised to reshape how residents navigate their city. Notably, Metro Line 2 (Ben Thanh – Tham Luong) is also set to begin construction this year, heralding a new era for public transport in the area.

    Questions & Answers

    What is the overall budget for the Can Gio metro project?
    The project is projected to cost VND76 trillion (approximately US$2.93 billion), primarily funded through loans.

    When is the construction of the metro expected to start and be completed?
    Construction is set to begin in the last quarter of this year, with completion aimed for early 2028.

    What are the environmental concerns related to the proposal?
    Experts highlighted the importance of avoiding impacts on the Can Gio International Biosphere Reserve, emphasizing the need for careful planning and evaluation of environmental effects as the project develops.

  • Asia’s video game developers and publishers continue to thrive.

    Asia’s video game developers and publishers continue to thrive.

    From Japan and China to South Korea and India, some of Asia’s biggest video game developers and publishers are making giant strides in the gaming category of entertainment. A highly lucrative area, the games industry was worth a staggering $455 billion in 2024. In 2025, that figure is expected to rise further, with Asia’s presence in the market helping to drive additional sales and impact the industry for the better.

    Of course, competition is intense when assessing some of the most prominent players in this particular space. For example, when looking at the American market, alongside playing casino online games like blackjack and dabbling in the occasional puzzle release, gamers in that part of the world have many engaging releases from Electronic Arts and Activision Blizzard. These major players are facing intense competition from across the pond in Asia, though, with many familiar names now making their mark outside the continent.

    For the globe’s population of gamers, this increased competition among video game developers and publishers can only benefit their favorite pastime. As a result of Asia’s growth in this particular space, there are now even more innovative gaming products for gaming communities to invest in. With that in mind, we briefly highlight some Asian companies that continue to thrive in this fiercely competitive industry.

    Bandai Namco

    Starting with one of Japan’s most prominent companies in the games industry, Bandai Namco is behind iconic titles like Pac-Man and Tekken. Also impacting other entertainment areas with its theme parks and toys, Bandai Namco is always looking to make waves in various categories. However, gaming is its main area of interest. Alongside some of the aforementioned world-famous releases, this Japanese behemoth has also produced beloved series like Soulcalibur and the Tales. As a result of its selection of triumphs, Bandai Namco is known around the world.

    Tencent

    Thanks to smash-hit releases like League of Legends and PUBG, gamers everywhere are familiar with Tencent’s work. This massive Chinese conglomerate is a global leader in this area, known for its fantastic gaming releases over the years. Having also invested in some of the competition, such as Riot Games and Supercell, Tencent’s various strategic moves suggest the company will likely become an even larger player.

    Garena

    A Singapore-based company that has done some admirable work in the gaming space, Garena is a company that has produced one of the biggest games ever in Free Fire, a battle royale masterpiece. A hugely popular release in Asia, Garena’s smash-hit product has also enabled them to organize eSports events and host tournaments.

    NetEase

    While rivals like Tencent have managed to branch out and impact markets outside of Asia, NetEase’s dominance revolves around the domestic market. With a massive player base in China, NetEase’s variety of much-loved products is adored nationwide. Having a reputation for developing high-quality games, NetEase is a trusted name. To reach even more audiences and add another layer to the business, though, NetEase has also made notable investments in areas like e-commerce and music streaming.

    Nexon

    While Chinese and Japanese companies tend to dominate, the South Korean company Nexon has also made an impact thanks to a wide selection of intriguing mobile titles and PC games. For gamers seeking free-to-play opportunities, Nexon is an understandable preference, with success stories including MapleStory and Dungeon & Fighter. Also known for being the first company to implement a free-to-play model, many consider Nexon a pioneer.

  • DBS Innovates: Tokenizes Structured Notes for Seamless Distribution through ADDX, DigiFT, and HydraX

    DBS Innovates: Tokenizes Structured Notes for Seamless Distribution through ADDX, DigiFT, and HydraX

    DBS Bank is taking a significant leap into the digital finance space by launching a series of tokenized structured notes on the Ethereum public blockchain, marking a pivotal moment in the integration of traditional banking with blockchain technology. This innovative approach will see the bank distributing these digital financial instruments through partnerships with platforms like ADDX, DigiFT, and HydraX.

    Revolutionizing Access to Cryptocurrency

    The initial offering focuses on cash-settled cryptocurrency-linked participation notes. These products provide investors the opportunity to profit from rising cryptocurrency prices without the hassle of managing the digital assets themselves. Essentially, investors receive a cash payout when prices soar, while the structure of the notes is designed to cushion against potential losses when the market dips. It’s a refreshing alternative for those wary of directly diving into the choppy waters of cryptocurrency trading.

    A New Era for Structured Notes

    Structured notes, while often complex and requiring a minimum investment of US$100,000, can cater to individual investor needs, making them non-fungible by nature. With DBS’s tokenization process, each structured note will be divided into individual tokens, each representing a US$1,000 share. This innovation enhances flexibility and accessibility for investors looking to enter or exit the market with precision. To put it simply, it’s like having a buffet of investment options, where you can choose just a taste without committing to a full meal.

    Broadening Investment Horizons

    DBS is not stopping at cryptocurrency-linked notes; the bank plans to extend its tokenization efforts to other types of structured instruments, including equity-linked and credit-linked notes. This initiative aims at providing accredited and institutional investors with greater flexibility and sophisticated tools to effectively manage their portfolios in an ever-evolving financial landscape.

    Questions & Answers

    How will DBS’s tokenized notes benefit investors?
    Investors gain access to cash-payouts linked to cryptocurrency price movements without the need to manage the assets directly, and the notes are structured to protect against potential losses.

    What is the minimum investment for these structured notes?
    Typically, structured notes require a minimum investment of US$100,000, but with tokenization, investors can buy into these notes through individual tokens of US$1,000 each.

    What types of structured notes will DBS tokenize beyond cryptocurrency?
    DBS plans to tokenize various other structured notes, including equity-linked and credit-linked notes, broadening the spectrum of investment opportunities for its clients.

  • The Future of Urban Retail: Blending Community, Lifestyle, and Commerce

    The Future of Urban Retail: Blending Community, Lifestyle, and Commerce

    Urban retail is undergoing one of the most dramatic shifts in decades. Once defined by department stores, shopping malls, and busy downtown corridors, the retail landscape is being reinvented. The traditional model of purely transactional retail—where consumers simply enter, purchase, and leave—is giving way to something more dynamic: a blend of community, lifestyle, and commerce. This transformation is shaping how people shop, socialize, and connect in cities across the world.

    Moving Beyond Transactions

    Today’s consumers want more than products; they want experiences. A clothing boutique is no longer just about racks of apparel—it’s about the story, the environment, and the connection that comes with the purchase. Urban retailers are responding by rethinking how they engage with customers. Spaces are being designed to foster exploration, encourage interaction, and create memories.

    For instance, some bookstores have reinvented themselves as community hubs with cafés, live readings, and co-working spaces. Fitness studios are merging with retail, selling branded lifestyle apparel and healthy snacks. Even grocery stores are reimagining themselves with in-store dining, cooking classes, and events that make shopping less of a chore and more of an outing.

    The Rise of Hybrid Spaces

    A big driver of this change is the rise of hybrid spaces—retail concepts that combine shopping with entertainment, hospitality, or wellness. These spaces turn a visit into an experience rather than just a transaction. Picture walking into a sneaker store that doubles as an art gallery, or a coffee shop where you can also browse vinyl records or vintage clothing.

    These hybrid spaces not only attract diverse audiences but also encourage customers to linger longer, deepening brand connection. In dense urban centers, where competition for attention is fierce, creating places that offer multiple reasons to visit is becoming essential.

    Digital and Physical Worlds Collide

    No conversation about the future of retail is complete without technology. Smartphones have fundamentally reshaped consumer behavior, and urban retailers are weaving digital experiences into physical storefronts. QR codes, augmented reality, and virtual try-ons allow customers to interact with products in new ways. Mobile apps seamlessly connect in-store purchases with online accounts, loyalty programs, and home delivery services.

    Rather than seeing e-commerce as a threat, many retailers are embracing it as part of a holistic ecosystem. Click-and-collect options, in-store pickup for online orders, and even live-streamed shopping events held inside stores are blurring the lines between the physical and digital worlds. The best retailers understand that the modern customer doesn’t want to choose between convenience and community—they want both.

    Local Identity and Community Ties

    Another defining aspect of the urban retail transformation is the embrace of local identity. Consumers are increasingly drawn to brands that reflect the character of their city or neighborhood. Pop-up markets, collaborations with local artists, and limited-edition product drops create a sense of uniqueness and exclusivity.

    Retailers that invest in community engagement—whether by hosting workshops, sponsoring neighborhood events, or giving back through local partnerships—are earning loyalty beyond the transaction. For many city dwellers, shopping at a store isn’t just about what they buy, but about what that brand represents in their lives and their communities.

    Health, Wellness, and Lifestyle Convergence

    Retail is also intersecting with broader lifestyle movements. Wellness, fitness, and sustainability are increasingly integrated into the retail experience. Urban consumers expect retailers to support not just their shopping needs but their values and aspirations. That’s why many stores now highlight eco-friendly products, showcase transparent sourcing, and design spaces that feel restorative and inspiring.

    As Aaron Keay has pointed out in discussions about consumer shifts, the lines between industries—health, tech, retail, and hospitality—are disappearing. The next generation of urban retail spaces will reflect this convergence, offering products and experiences that align with consumers’ desire for healthier, more intentional living.

    The Role of Investment and Innovation

    Investors are paying close attention to these shifts. Traditional retail models have struggled in recent years, but those embracing innovation and community-driven experiences are gaining momentum. For entrepreneurs and investors, the opportunity lies in supporting concepts that merge lifestyle with commerce in creative, scalable ways.

    Aaron Keay has emphasized that the future belongs to retailers who create ecosystems rather than standalone storefronts. These ecosystems thrive on blending digital engagement, physical experiences, and meaningful community ties.

    Looking Ahead

    The urban retail landscape of the future will look very different from the malls of yesterday. It will be defined by spaces that are social, experiential, and deeply connected to the neighborhoods they serve. The winners will be the brands that move beyond the transaction to build real community, blending lifestyle and commerce in ways that feel authentic and exciting.

    As consumers continue to demand experiences that enrich their lives, urban retail has a chance to redefine itself—not just as a place to shop, but as a vital part of the cultural and social fabric of the city.


  • Rice Exports Poised for Record-Breaking Surge, Targeting Over 8.2M Tonnes!

    Rice Exports Poised for Record-Breaking Surge, Targeting Over 8.2M Tonnes!

    In a surprising twist for the global rice market, Vietnam’s rice exports are anticipated to exceed 8.2 million tonnes this year, despite a temporary suspension of rice imports from its biggest buyer, the Philippines. This surge is powered by increased shipments to countries like Bangladesh, China, and South Africa.

    The Philippines, recognized as the world’s largest rice importer, purchased 4.8 million tonnes of rice from international markets last year, with Vietnam supplying an impressive 3.6 million tonnes of that total

    In the first half of this year, Vietnam exported 5.5 million tonnes of rice, generating a revenue of US$2.81 billion. Unsurprisingly, the Philippines remained its principal market, though the revenue saw a notable drop of 13.5% year-on-year.

    Though shipments to the Philippines have slowed down, exporters are optimistic, having secured new contracts at higher prices and successfully expanded their clientele across ASEAN and South African markets.

    Earlier this month, in response to falling domestic prices, the Philippine government announced a two-month pause on rice imports starting September 1. Nevertheless, market analysts remain upbeat, predicting strong overall exports for Vietnam, driven by rising demand in other regions.

    The United States Department of Agriculture (USDA) has updated its forecast, now estimating Vietnam’s total rice exports at 8.2 million tonnes for the year, an increase of 300,000 tonnes from previous predictions. As the year wraps up, shipments are expected to rise, propelled by heightened demand from Africa and China. Even with the Philippine import suspension expected to reduce its purchases by 500,000 tonnes, it may still lead the world with total rice imports of around 4.9 million tonnes.

    Do Ha Nam, Chairman of the Vietnam Food Association, expressed strong confidence that with the robust performance recorded in the first seven months, Vietnam’s rice exports will indeed surpass 8 million tonnes this year. He emphasized the country’s unique brand identity and increasing international recognition, solidifying its position as the world’s second-largest rice exporter.

    Questions & Answers

    How has Vietnam managed to maintain high rice export levels despite the Philippines’ import suspension?
    Vietnam has effectively diversified its customer base by expanding shipments to countries in the ASEAN region and South Africa while securing new contracts at improved prices.

    Why has the Philippines suspended rice imports temporarily?
    The Philippine government announced a two-month suspension of rice imports due to falling domestic prices, aiming to stabilize the local market.

    What role does the USDA play in forecasting Vietnam’s rice export numbers?
    The USDA provides crucial projections for agricultural exports, and it recently adjusted its forecast for Vietnam’s rice exports upwards, reflecting growing global demand.

  • Rakuten and Amazon Join Forces to Take on Starlink in Japan’s Satellite Market

    Rakuten and Amazon Join Forces to Take on Starlink in Japan’s Satellite Market

    Japan’s satellite communications landscape is on the brink of transformation as Rakuten Group and Amazon gear up to launch their own services, challenging the long-standing dominance of SpaceX’s Starlink. With operations expected to begin as early as next year, this competition promises to reshape the market and improve connectivity for consumers across the country.

    Starlink, spearheaded by Elon Musk’s SpaceX, has established itself as the go-to satellite service in Japan, especially through partnerships like KDDI, which allows for direct smartphone-to-satellite connections. This capability has proven invaluable in rural locations and areas prone to natural disasters, where traditional infrastructure is often lacking.

    In a significant move to diversify the market, Japan’s Ministry of Internal Affairs and Communications (MIC) has initiated work on new spectrum regulations that are set to pave the way for increased competition by 2025. This regulatory shift will create opportunities for Rakuten and Amazon to enter and thrive in the satellite communications arena.

    Rakuten’s Bold Ambitions

    Rakuten Mobile is wasting no time in making its mark, with plans to roll out its satellite service between October and December 2025. Collaborating with U.S. startup AST SpaceMobile, Rakuten’s initial offering will focus on text messaging. But that’s just the beginning—plans are afoot to expand services to include money transfers and video streaming. The company emphasizes that this initiative aims to enhance connectivity in underserved areas while providing a reliable backup during emergencies—a win-win for users reliant on stable communication.

    Amazon’s Satellite Strategy

    Not to be outdone, Amazon is preparing to launch its Project Kuiper satellite network in Japan, which aims to deploy over 3,200 satellites by 2029. This ambitious project aligns with the MIC’s plans to amend regulations after April 2025, ensuring that Amazon can compete in this burgeoning market. The retail behemoth’s foray into satellite communications underscores a broader trend of tech giants expanding their reach beyond traditional digital services.

    As Japan stands on the threshold of this new era in satellite communications, the impending rivalry between these giants has all the makings of an exciting battle for connectivity supremacy—let’s just hope consumers don’t have to wait on hold for years while they hash it out!

    Questions & Answers

    What changes can consumers expect in Japan’s satellite communications market?
    Consumers can anticipate increased competition, primarily from Rakuten and Amazon, which will enhance connectivity options, especially in rural areas and during emergencies.

    When are Rakuten and Amazon expected to launch their services?
    Rakuten plans to debut its satellite services between October and December 2025, while Amazon’s Project Kuiper is set for a rollout, targeting more than 3,200 satellites by 2029.

    How might these new services impact existing providers like Starlink?
    The entry of Rakuten and Amazon is likely to intensify competition, potentially leading to improved services and pricing options for consumers who currently rely on Starlink.

  • Global eSIM Growth Soars, Fueled by Travel, Business, and IoT Innovations

    Global eSIM Growth Soars, Fueled by Travel, Business, and IoT Innovations

    Global eSIM adoption is witnessing a significant surge, propelled by the rising demand for travel services, innovative enterprise solutions, and the expansion of the Internet of Things (IoT), as highlighted in GSMA Intelligence’s latest report. This development paints a dynamic picture of how technology is reshaping our connectivity landscape.

    Travel Demand Fuels eSIM Growth

    Pablo Iacopino, Head of Research and Commercial Content at GSMA Intelligence, emphasized the momentum building among mobile network operators (MNOs). They are not only enhancing global travel services but also bolstering fixed wireless access (FWA) and strengthening wearable ecosystems while seamlessly integrating eSIM technology with 5G to meet the needs of business customers. In fact, travel eSIMs are currently the most significant catalyst for adoption, with many users in 11 major markets opting to activate the service while abroad. This shift is prompting a greater number of operators to roll out global offerings, a disruptive move that challenges traditional roaming revenue models.

    Beyond Travel: eSIM Expands Its Footprint

    But the story doesn’t end there; the adoption of eSIM technology is rapidly extending into connected devices and broadband services. By mid-2025, 161 operators across 78 countries are predicted to debut their 5G FWA services, a potentially game-changing development that could see household penetration levels exceeding 10% by 2030 in advanced markets like Australia, Germany, Japan, Saudi Arabia, the UK, and the US. Temporary connectivity is also gaining traction, providing agile solutions for events, broadcasting needs, and unexpected network outages — not unlike how a superhero swoops in to save the day.

    Smartphone Market: A Slow but Steady Rise

    On the smartphone front, the journey has been less straightforward. Despite remaining below earlier expectations, the growth of eSIM usage among smartphones is on the rise. As of 2024, only about 3% of global smartphone connections were utilizing eSIMs, far below the anticipated 15% made six years ago. Interestingly, nearly half of all eSIM users are in the United States, largely aided by Apple’s strategic shift to eSIM-only iPhones.

    Investment Surge Points to Bright Future

    The investment landscape surrounding eSIM technology is also flourishing, with 2025 poised to break records. According to GSMA, just over USD 300 million in funding was raised in the first half of 2025, identifying travel, enterprise, and IoT as the main drivers of this growth. As these sectors expand, the usage of eSIMs is expected to become increasingly mainstream, fundamentally transforming global mobile connectivity in the years to come.

    Questions & Answers

    What is currently driving eSIM adoption worldwide?
    The primary driver of eSIM adoption is the demand for travel services, with many users activating eSIMs while abroad, prompting mobile operators to innovate and launch global offerings.

    How are connected devices and broadband services contributing to eSIM expansion?
    eSIM technology is rapidly expanding into connected devices and broadband services, with projections suggesting significant adoption of 5G FWA services across multiple countries by 2025.

    What does the investment landscape look like for eSIM technology?
    Investment in eSIM technology is growing robustly, with over USD 300 million raised in the first half of 2025, indicating strong interest in travel, enterprise, and IoT as key sectors.

  • Gasoline Prices Hit Seven-Week Peak: What This Means for Drivers and the Retail Market

    Gasoline Prices Hit Seven-Week Peak: What This Means for Drivers and the Retail Market

    Gasoline prices in Vietnam surged to levels not seen since early July, casting a spotlight on the country’s evolving fuel market. As of Thursday afternoon, the price of the popular RON95 fuel increased by 1.06%, reaching VND20,090. Meanwhile, biofuel E5 RON92 also saw a rise of 0.57%, priced at VND19,460. In contrast, diesel experienced a slight decline, falling by 0.94% to VND17,900.

    The recent fluctuation in global oil prices was driven by several factors, including a sharper-than-expected drop in U.S. crude oil inventories, coupled with discussions between U.S. President Joe Biden and Ukrainian President Volodymyr Zelensky regarding a potential roadmap to resolve the ongoing conflict in Ukraine. These conversations come at a time when the oil market is grappling with tightening supply and geopolitical tensions.

    In the global arena, RON95 saw a decrease of 1.2%, settling at $80.1 per barrel, while diesel recorded a drop of 1.3%, now priced at $83.6 per barrel. It seems fuel prices are keeping everyone on their toes, reminiscent of a careful tightrope act where a single misstep can send consumers and businesses alike into a tailspin.

    Questions & Answers

    How much have gasoline prices increased in Vietnam recently?
    Gasoline prices have risen by 1.06%, bringing RON95 to VND20,090, marking the highest level since early July.

    What factors are influencing the global oil market?
    The global oil market has been affected by a significant drop in U.S. crude oil inventories and ongoing discussions about resolving the conflict in Ukraine.

    What are the current prices of diesel and biofuel in Vietnam?
    Biofuel E5 RON92 is priced at VND19,460 after a 0.57% increase, while diesel has decreased to VND17,900.

  • Indosat Teams Up with Google Cloud to Unveil Innovative AI Semantic Search Feature

    Indosat Teams Up with Google Cloud to Unveil Innovative AI Semantic Search Feature

    Indosat Ooredoo Hutchison has unveiled a groundbreaking artificial intelligence-powered Semantic Search feature within its myIM3 and bima+ applications, a move that promises to transform the way customers engage with digital services. Developed in collaboration with Google Cloud, this feature enhances the relevance, personalization, and efficiency of users’ search experiences, helping them find products and services tailored to their needs with ease.

    The technology harnesses Google Cloud’s Vertex AI platform, enabling the system to glean valuable insights into customer behavior and preferences. As a result, searches for data packages, lifestyle features, loyalty programs like IMPoin and BonsTri, and more can now be customized to meet each individual’s specific desires. It’s like having a personal shopper in your pocket—one that actually listens!

    Innovative Partnership for a Smarter Future

    Bilal Kazmi, Director and Chief Commercial Officer at Indosat, explained the significance of this advancement.

    “With the support of Google Cloud, we are delivering a search system that is not only intelligent but also delivers tangible value, enhancing both user convenience and business performance. This collaboration represents a strategic step towards providing smarter, more personalized, and relevant digital experiences for our customers. At Indosat, we are committed to ensuring that technology makes life easier, brings services closer, and serves as a powerful tool to empower Indonesia in navigating the digital era.”

    Boosting Engagement Through Local Understanding

    Fanly Tanto, Country Director for Google Cloud in Indonesia, noted the impact of advanced AI in meeting diverse user needs.

    “As an industry leader through Google Cloud’s Indonesia BerdAIa program, Indosat is at the forefront of innovation using enterprise AI. Vertex AI Search’s ability to comprehend queries in both Bahasa and English, including semantic meanings and spelling variations, will help surface highly relevant digital service recommendations for millions of myIM3 and bima+ users. This deployment showcases how Google Cloud’s open platforms can seamlessly integrate with custom-built AI models to create smarter, more personalized digital experiences for customers.”

    Given the growing demand for personalization in retail, the new AI-driven search technology is poised to significantly enhance user experience. A recent McKinsey study indicated that 71% of consumers expect brands to personalize interactions, highlighting how essential this technology has become in modern retail.

    A Treasure Hunt for Users

    To celebrate this launch, Indosat will roll out an interactive campaign titled “30 Days of Treasure Hunt,” running from August 21 to September 19, 2025. This initiative seeks to further engage users in a fun and immersive way.

    Notably, this Semantic Search technology is enhanced by Sahabat-AI, an open-source large language model (LLM) tailored specifically for the Indonesian language. Sahabat-AI is adept at understanding diverse local contexts, including various regional languages and dialects, enabling more engaging and meaningful customer interactions across urban and rural landscapes alike.

    Questions & Answers

    What is the main feature introduced by Indosat Ooredoo Hutchison?
    The new feature is an AI-powered Semantic Search that enhances search relevance and personalization within the myIM3 and bima+ applications.

    How does the Semantic Search technology improve user experience?
    It utilizes Google Cloud’s Vertex AI to understand customer behavior and preferences, allowing for tailored searches and recommendations, thus making user interactions more efficient and relevant.

    What marketing campaign is Indosat launching alongside this feature?
    Indosat is introducing an interactive campaign called ’30 Days of Treasure Hunt,’ set to run from August 21 to September 19, 2025, designed to engage users in a fun way.

  • Miniso’s sales soar 23 per cent in second quarter, but profit shrinks

    Miniso’s sales soar 23 per cent in second quarter, but profit shrinks

    The retail conglomerate, Miniso, posted a decrease in profits despite its sales increasing by a double-digit percentage in the second quarter.

    Revenue Growth

    Miniso’s revenue for the quarter ending June 30th saw a massive increase of 23.1%, amounting to approximately USD 693.2 million. The retailer has various brands under its umbrella, including Miniso and Top Toy. Miniso’s revenue witnessed a rise of 19.5%, amounting to USD 637 million. This growth included a 13.6% increase in Mainland China and a 28.6% growth in international markets. Top Toy’s revenue surged by 87% to USD 56.1 million.

    Same-Store Gross Merchandise Value

    The same-store gross merchandise value (GMV) of Miniso remained steady, backed by a small growth in mainland China and a slight decline in international markets. However, Top Toy’s same-store GMV registered minor growth.

    Strategic Financing

    Miniso highlighted that Top Toy had finalized strategic financing by Temasek recently, resulting in a post-valuation of approximately USD 1.28 billion.

    Operating Income and Profit

    Although the operating income rose by 11.3% to USD 116.7 million, the profits fell from USD 82.4 million in the same period last year to USD 68.3 million.

    For the first half of the year, revenue grew by 21% to USD 1.3 billion. This rise included an 18% increase in Miniso sales and a 73% rise in Top Toy sales. However, the profit for the same period dropped from USD 163 million to USD 126.5 million.

    Store Expansion

    As of June 30th, the total number of stores at the group level was 7,905, representing a year-on-year increase of 842 new stores. Miniso had 7,612 stores, which included 4,305 in Mainland China and 3,307 in international locations, while Top Toy had 293 outlets.

    The company anticipates that its revenue growth will speed up for the rest of the year.

    Questions & Answers

    How much did Miniso’s revenue increase in the second quarter?

    Miniso’s revenue for the second quarter increased by 23.1%, amounting to approximately USD 693.2 million.

    How did Miniso’s operating income and profit perform in the second quarter?

    The operating income rose by 11.3% to USD 116.7 million, but the profit fell from USD 82.4 million in the same period last year to USD 68.3 million.

    What is the total number of Miniso stores as of June 30th?

    As of June 30th, Miniso had a total of 7,612 stores, which included 4,305 in Mainland China and 3,307 in international locations.

  • Guess Inc. To Go Private In $1.4b Deal With Authentic Brands And Marciano Founders

    Guess Inc. To Go Private In $1.4b Deal With Authentic Brands And Marciano Founders

    Guess, a renowned fashion and lifestyle brand, is preparing to transition into a privately-held company following a US$1.4 billion pact with Authentic Brands Group, major shareholders, and co-founders Maurice and Paul Marciano, Nicolai Marciano, as well as CEO Carlos Alberini.

    Details of the Agreement

    According to the terms of this agreement, Authentic Brands Group is slated to acquire the majority stake, 51%, of Guess’s intellectual property. Meanwhile, the Marciano family and their affiliated entities will retain a minority stake of 49%.

    Despite the shift in ownership, Guess’s management team will continue to operate the business and retain full ownership of the operating company. Shareholders who are not part of the founding group are set to receive a cash payment of $16.75 per share.

    The Future of Guess

    Jamie Salter, the founder, chairman, and CEO of Authentic Brands, expressed his excitement and optimism about the impending partnership with the Marcianos. He acknowledged Guess as a dominant brand that has significantly influenced style and culture for over four decades. Salter is eager to collaborate with the Marciano family as Guess embarks on this new phase, building upon its enduring legacy.

    Questions & Answers

    What will be the distribution of Guess’s intellectual property ownership following the deal?
    Following the agreement, Authentic Brands Group will own 51% of Guess’s intellectual property, while the Marciano family and their affiliated entities will retain a 49% stake.

    What will happen to shareholders who are not part of the founding group?
    Shareholders who are not part of the founding group will receive a cash payment of $16.75 per share as a result of the agreement.

    Who will continue to manage Guess after the deal?
    Despite the change in ownership, Guess’s current management team will continue to run the business, maintaining full ownership of the operating company.

  • U Mobile Unveils ULTRA5G: A Game-Changer for Malaysia’s 5G Experience!

    U Mobile Unveils ULTRA5G: A Game-Changer for Malaysia’s 5G Experience!

    U Mobile has officially unveiled ULTRA5G, the new moniker for its 5G service, during a launch event at its headquarters in Berjaya Times Square (BTS). This catchy name not only captures the essence of the ultra-fast speeds and extensive coverage that U Mobile aims to provide, but it also reassures users who will now see the ULTRA5G indicator lighting up their devices, a direct result of the company’s ambitious in-building coverage (IBC) initiative.

    Redefining Connectivity Through Advanced Technology

    This advancement marks a pivotal moment in U Mobile’s mission to deliver robust 5G access in both indoor and outdoor spaces across Malaysia. ULTRA5G relies on cutting-edge, enterprise-grade network technology, ready to adapt to the evolving digital landscape of the nation.

    A Roller Coaster of Experience

    To showcase ULTRA5G’s capabilities, U Mobile orchestrated groundbreaking events, including Malaysia’s first-ever 4K livestream of an 800-meter indoor roller coaster ride at Berjaya Times Square Theme Park—boasting the title of Asia’s longest multi-inverted indoor ride. As thrill-seekers zipped around at speeds of 70 km/h, ULTRA5G effortlessly maintained a seamless connection, making the livestream an exhilarating testament to the network’s extensive reliability.

    The excitement didn’t stop there. U Mobile also introduced an engaging mixed-reality experience alongside a demonstration of 5G network slicing, emphasizing both performance and diverse service offerings. If you thought roller coasters were just for an adrenaline rush, think again—this one was a high-speed communications race too.

    Empowering the Future with 5G

    Woon Ooi Yuen, Chief Technology Officer of U Mobile, expressed pride in the launch, stating, “U Mobile is proud to launch ULTRA5G, our brand new name for our 5G experience that is supported by our next-gen network. As the nation’s newest 5G network provider, U Mobile is focused on enabling digital transformation for consumers and businesses alike. ULTRA5G brings enhanced digital experiences, from ultra-reliable streaming and immersive gaming to high-quality video calls in crowded areas. For enterprises, ULTRA5G opens doors to advanced use cases like XR (extended reality), robotics, smart cities, and IR 4.0 automation. With deployment ahead of schedule, U Mobile is also doubling down on indoor coverage to ensure the widest and deepest 5G experience in Malaysia.”

    Aiming for Widespread Accessibility

    ULTRA5G isn’t confined to BTS; the 5G network has also made strides at Penang Bridge 1, utilizing just two towers to provide uninterrupted connectivity for daily commuters. This event signifies the much-anticipated rollout of U Mobile’s next-generation 5G network, with aspirations for 80% coverage of populated areas (CoPA) by the second half of 2026.

    U Mobile promises to keep the public informed about ULTRA5G’s expansion, which is set to quicken in critical locales such as airports, hospitals, convention centers, and other significant venues across the country. This initiative aligns perfectly with the company’s vision of establishing Malaysia’s most comprehensive and trustworthy 5G network.

    Questions & Answers

    What is ULTRA5G?
    ULTRA5G is U Mobile’s branding for its 5G service, emphasizing ultra-fast speeds, reliable connectivity, and extensive coverage.

    How did U Mobile demonstrate the capabilities of its ULTRA5G network?
    They showcased Malaysia’s first 4K livestream of an indoor roller coaster ride, ensuring a seamless connection throughout the ride’s duration at 70 km/h.

    What are U Mobile’s plans for ULTRA5G coverage?
    U Mobile aims to achieve 80% coverage of populated areas by the second half of 2026 and will focus on key locations such as airports and hospitals for rapid deployment.