Tag: asia

  • AirAsia, Malaysia Airlines and Batik Air in consumer crosshairs for complaints

    AirAsia, Malaysia Airlines and Batik Air in consumer crosshairs for complaints

    AirAsia received the highest number of complaints in the first half of the year (42.1%), followed by Malaysia Airlines (40.7%) and Batik Air (7.9%). For every million passengers carried, Malaysia Airlines recorded the highest number of registered complaints with 199 complaints, MAVCOM said, followed by Batik Air with 167 complaints and AirAsia with 95 complaints.

    Flight rescheduling, flight cancellations, and online booking collectively contributed to 46.1% (577) of total complaints filed. Other complaints included refunds (7.9%), frequent flyer programs (7.6%), and mishandled baggage (7.3%).

    According to MAVCOM, complaints concerning flight rescheduling jumped tremendously from just eight in the first half of last year to 233 complaints during the same period this year. AirAsia contributed 65% of complaints on flight rescheduling, followed by Malaysia Airlines (30%) and Batik Air (4%).

    At the same time, complaints related to flight cancellation also increased from 14 to 211 complaints compared to the same period last year. Malaysia Airlines contributed 54% of the complaints, followed by AirAsia (36%) and Batik Air (7%). Complaints related to online booking have multiplied more than 13 times from 10 during the first half of 2021 to 133 complaints this year. AirAsia accounted for 47% of the complaints, followed by Malaysia Airlines (32%) and Batik Air (12%).

    Throughout the first half of this year, 1,251 complaints were registered with MAVCOM in total, with 99.1% (1,240) complaints received on airlines while 0.9% (11) complaints were related to airports. According to MAVCOM, this illustrates an increase of almost eight times more than the 157 complaints lodged within the corresponding period last year.

    Additionally, MAVCOM also received 1,317 non-actionable complaints, comprising 1,160 complaints with incomplete documentation, 59 complaints where the airline or airport concerned had fulfilled the obligations under the Malaysian Aviation Consumer Protection Code (MACPC), 35 complaints that were withdrawn by consumers, 31 complaints that were beyond the scope of the MACPC, 29 complaints that pertained to bookings made through travel agents as well as three complaints that were lodged more than a year from the incident date.

    Saripuddin Hj. Kasim, MAVCOM’s executive chairman, said Malaysia’s aviation service providers should prepare by taking heed of the complaints breakdown observed in the consumer report as guidance to improve further service levels and address the root cause of prevailing issues. “As a proactive measure by MAVCOM, we have also been actively engaging aviation service providers to ensure that these issues are being addressed,” he added.

  • Furla appoints Giorgio Presca as its new CEO

    Furla appoints Giorgio Presca as its new CEO

    Italian luxury brand Furla has announced the appointment of Giorgio Presca as the group’s new chief executive officer, effective immediately.

    Presca will succeed COO Devis Bassetto, who temporarily held the position of CEO since April, following the exit of Mauro Sabatini.

    Presca joins the Bologna-based company with 30 years of fashion industry experience.

    He most recently served as CEO of Clarks, prior to which he held the same position at Golden Goose, Geox and Citizens of Humanity.

    Additionally, he has also worked in executive positions for a number of fashion brands such as Diesel and Levis.

    “I am delighted that Giorgio Presca joins Furla as CEO, he is a skilled leader with a strong ability in reinforcing global fashion brands and driving profitable and safe growth,” said Giovanna Furlanetto, president of Fondazione Furla, in a release.

    Furlanetto continued: “Mr Presca shares our values and our determination to establish Furla as a real democratic brand, the only Italian brand in its category. This appointment also stands to highlight my whole family’s willingness to continue with the full control of our business and lead it into the future.”

  • DITO and ZTE Launch Super Core Data Center in Philippines

    DITO and ZTE Launch Super Core Data Center in Philippines

    DITO Telecommunity, one of the major telecommunications corporations in the Philippines, has launched the DITO Super Core Data Center in Batangas, Philippines, powered by ZTE.

    The data center complies with the Tier III design standard and will become the first center in the Philippines to pass such standard certification. The DITO Super Core Data Center is designed to further improve local digital infrastructure and enhance data services.

    The design of the data center focuses on the security of network transmission through resiliency against natural disasters such as typhoons and earthquakes. The facilities also pay more attention to the growing concern of the telecommunications industry on energy efficiency and environmental protection in such design and operations.

    As the major partner of DITO Telecommunity in this project, ZTE has shared its rich end-to-end expertise, from analyzing local process specifications in the early stages of the project, consultation on construction solutions, to the design of solutions, and project delivery, ensuring the smooth and timely turnover of the data center.

    ZTE’s iDCIM intelligent management system has been adopted in the building’s equipment management to improve the operation efficiency of the data center and achieve green energy savings. The system manages operation parameters of the data center in real-time to provide data support for efficient energy saving and O&M.

    Compared to the traditional data center featuring multiple interfaces, complex procedures and a long construction period, the DITO Super Core Data Center employs ZTE’s micro-module solution, which is modular and standardized. Multiple modules can be installed in parallel, enabling the delivery time to be shortened by 60%.

    “We can regard the DITO Super Core Data Center as the heart of the body. Only a safe and healthy beating heart can support the business. The data center adopts the advanced and innovative technology in the industry. Through its multiple-level protections, the data center is truly reliable ,” said Wan Min, president of ZTE Philippines. “It will also become the first Uptime Tier-III data center in the Philippines. By adhering to energy conservation and emission reduction, it has achieved a lower PUE with an intelligent energy management system, which is efficient and environmentally friendly.”

    The launch of the DITO Super Core Data Center further solidifies the commitment of DITO Telecommunity to providing world-class telecommunication services for Filipinos, thus boosting the digital transformation of the Philippines.

  • PLDT to Start Construction Of Two Major ICT Projects by Year End

    PLDT to Start Construction Of Two Major ICT Projects by Year End

    PLDT Group announced that it will inaugurate the construction of its fourth cable landing station and the initial construction phase of the Asia Direct Cable (ADC) system by the end of the year.

    The two additional major ICT infrastructure projects follow the group’s build-out of the Philippines’ largest hyperscaler data center and the activation of Jupiter, the fastest international cable direct to the US and Japan.

    “After the successful launch and activation of Jupiter, PLDT hopes to lead the country to become the best Transpacific cable hub in Asia, as we work on delivering additional subsea cables and new cable landing stations in 2024,” said former PLDT VP and Technology Advisor for Enterprise Victor Aliwalas.

    The cable landing station in Baler, Aurora, to be completed by 2024, will supplement PLDT’s international gateway on the northern and eastern borders. The ADC cable, meanwhile, is expected to be completed by the end of 2023 and is strengthening the country’s data links in Asia.

    “Apart from the DC and the International connectivity, PLDT is also leading the charge on 5G rollouts and domestic fiber rollouts on top of all the other platforms to significantly increase the country’s take up of digitalization. We are not focusing on just one or two pillars, we are building out the entire ecosystem to work as a whole. We need a full working and energized system to support this hyperscale initiative and PLDT is determined to put together everything to be the strongest hyperscale player in the country, to establish and promote the Philippines as a hyperscale destination,” Aliwalas added.

    PLDT has been working closely with government agencies, including the Department of Trade of Industry and the Department of Information and Communications Technology (DICT), in positioning the Philippines as the next hyperscaler hub in the Asia Pacific, as the country transforms into a globally competitive and digitally empowered nation.

    “We believe that the hyperscalers industry will be the next growth engine of the Philippines. We are keen on helping hyperscalers cloud services and start-up ecosystem in the Philippines,” Aliwalas further noted     .

    DICT Secretary Ivan John Uy also recognized the crucial role of ICT in the social-economic development of the country, saying, “the value of information and communications technology or ICT is encompassing. It is necessary in every aspect of life, business, education, and in advancing our general scientific understanding.”

    “We still have a lot of improvement on key strategic areas such as digital infrastructure buildup to achieve the President’s goal of a digitally transformed Philippine government. Hence, it’s important for us to address the gaps that hinder our drive towards inclusive growth and innovation, especially the long-standing gap in the development of digital connectivity nationwide. And indeed, we want to work hand in hand with our partners to achieve this goal,” he added.

    Last year, PLDT joined the multi-agency government initiative to support the priming of the country’s digital readiness to attract global hyperscalers expanding in Asia, including it as the sixth key sector and highlighting the strong government and private sector partnership to cement the foundation of the Philippine digital economy.

  • Beer Cartel wins international innovation award

    Beer Cartel wins international innovation award

    It takes something special to surprise the judging panel at the Miraclon-sponsored Global Flexo Innovation Awards (GFIA), but that’s exactly what the joint entry from Fathom Optics and Grace Label achieved. So much so, that they even won a Gold Award (with Highest Honors) for conversion to flexo, commitment to sustainable print and creative use of graphic design.

    In what the judges described as “a really impressive innovation,” the label for Des Moines, IA, craft beer producer, Confluence Brewery, used Fathom’s brand-new embellishment technology to render attention-grabbing full-motion 3D effects on labeling for the brewery’s ‘Wizard’ Gose-style sour ale. The effects appear to be on three different levels: text and graphics on the label surface, a ‘Northern Lights’-type effect seemingly moving within the can itself, and finally, at the top of the wizard’s staff, a rotating orb that appears to emerge from the surface of the label.

    And what made the job remarkable was the fact that all this was done without the need for lenticular lenses or a holographic foil, using Flexcel NX Plates on Grace Label’s standard flexo press using standard inks. Traditionally, the use of holographic foils or lenticular lenses for short label print runs has been cost-prohibitive, while holographic foils also raise sustainability concerns since they are typically 95% waste. FLEXCEL NX Technology makes special effects labels a viable option for brands pushing the boundaries of regular packaging designs for shorter runs, with big cost and sustainability benefits that they can take advantage of.

    Fathom Optics and Grace Label teamed up for the ‘Wizard’ label, which came about because of a friendship between the family of Tom Baran, CEO and Co-Founder of Fathom, and John Martin, owner/founder of Confluence, to whom Grace Label is an established label supplier. Founded in the mid-1970s by the father of current company president, Steve Grace, Grace Label is one of oldest and largest regional converters in the Midwest US, operating as a full-service supplier that handles every step of the design-to-delivery process. Besides the craft beer and spirits industries, Grace also serves customers in meat and agricultural foods. The company has both digital and flexo presses, with flexo printing representing 90% of their work.

    Flexcel NX Technology ‘like getting a brand-new press’
    Crucial to the success of the ‘Wizard’ project was the Kodak Flexcel NX System, which Grace Label installed in 2011. “With the ability to hold a dot and sharpen an image, it was like getting a brand-new press on some levels,” recalls Steve Grace. “The plates last longer, we set up faster, dial in color faster, and reduce our wastage. It’s been a home run.”

    Steve’s enthusiasm for FLEXCEL NX Technology was shared by Fathom Optics founders Tom Baran and Matt Hirsch: “When we realized Grace was a Flexcel NX Plate user we were delighted,” says Baran. “We’d already experienced good things with the technology, getting incredibly regular and consistent results. Compared to other systems we’ve worked with where variables come into play, it’s one cohesive system, so you know what you’ll get.”

    A fourth party to the project is creative design agency 818 Iowa, which created the original design and worked with Confluence to enhance the labels most characteristic features — the wizard, staff, and orb. Fathom then worked with Grace to bring everything to life.

    The effects are achieved by printing very fine microstructures on two interference screens. The first screen is printed on the white BOPP pressure-sensitive material, and the second screen is printed along with the other decorative inks on top of the clear lamination.

    Because the microstructures are done at a minimum of 480 LPI or higher, the 1:1 pixel-for-pixel accuracy of the Flexcel NX Plates was essential to hold lines that are 10 microns wide and spaced approximately 42 microns apart. Says Tom: “These demanding effects can be incorporated into the same plate with the traditional 2D graphics, which may be at 133-175 LPI, without difficulty. It sounds highly challenging, but so far, every UV flexo printer we’ve worked with has achieved some level of effects.”

    In the craft beer business, competition for shelf space and consumers’ attention is fierce, so imaginative, impactful labelling is hugely important for a small, independent brewery such as Confluence. In the case of the award-winning label, the ‘Wizard’ branding of the Gose-style sour ale opened all sorts of creative possibilities, with the favored option a multi-dimensional, moving 3D image that would capture shoppers’ attention as they walk by, and further engage them as they pick up the can and rotate to explore the image further.

    Traditionally, such an effect is achieved using either holographic foils or lenticular lenses, but the short label print runs made both too expensive. In addition, there are sustainability concerns with holographic foils since they are typically 95% waste, while the lenticular approach presented the further complication of the lens orientation being incompatible with the direction in which the labels are applied to the can.

    Confluence didn’t know it at the time, but the answer lay 1,300 miles to the east in Somerville, a suburb of Boston, where the Fathom Optics founders, Tom and Matt, was marketing their groundbreaking new approach to embellishment, Fathom Effects. The technology came out of the partners’ PhD work at the Massachusetts Institute of Technology.

    “The idea behind Fathom Effects is software-based, not materials science-based,” explains Tom. “The foundation of it is to take large-scale computational algorithms and use them to change the way materials interact with light. We compute complex interference patterns that can be printed on the front and back surfaces of film. They’re not interference patterns, like in holograms, but signal interference, as in moiré.”

    If the technology behind Fathom is relatively complex, for end users adding special effects it is remarkably straightforward. Designers simply drop files into Fathom Designer, a free online tool, where they assign motion and depth effects which can be previewed and shared with other stakeholders.

    After two years making the technology robust enough for long flexo runs, Tom and Matt settled on primary labels, shrink sleeves and product authentication as their primary markets. Says Matt: “We realized there are brands wanting totally custom packaging appeal but for whom the traditional holographic and lenticular solutions are too expensive. We differ in that we deliver 1-bit TIFF files to production sites — unlike holographic foil, where if you want a customized design, you have to order a truckload of film. On shrink sleeves, for example, with Fathom Effects there’s no additional cost — you’re just printing both sides of the film.”

    He adds, however, that Fathom Effects is also gaining traction with larger brands, simply because it’s a software-based technology. “Large multinational consumer product groups often don’t want to get into new things because the qualification process for a new material can take months, even years. But because our technology uses the same substrates, inks and flexo presses, no qualification process is required, and they can get to market faster. And, as we’re not adding a dissimilar material, like a lenticular lens or a hologram, there’s a sustainability advantage because recycling or reuse is easier. All these factors add a whole new level of acceptance.”

  • Thales Singapore names new country head

    Thales Singapore names new country head

    Tech company Thales has appointed Emily Tan as country director for Thales Singapore and as CEO for Thales Solutions Asia Pte Ltd, effective 1 September 2022.

    The Singaporean native, who spent 14 years with Shell assuming leadership roles, will oversee the 2,000-strong Thales team across three sites in the city-state, including the Group’s Digital Identity & Security manufacturing centre located at Ayer Rajah Crescent and the Group’s largest avionics production and MRO facility at Changi North Rise.

    Emily started her career with the Singapore Economic Development Board (EDB), bringing a keen understanding of the public sector. She spent three years as director in London, and later as head of international policy and lead negotiator for international trade agreements.

    She will succeed Kevin Chow who will continue his career in a senior leadership role at Thales’ Airspace Mobility Solutions business in France.

  • Cinnabon to launch into Sydney

    Cinnabon to launch into Sydney

    US cinnamon scroll chain, Cinnabon, is reportedly set to open its first store in Darling Square, later in the year.

    The Seattle-based bakery chain opened its first Australian outpost back in 2020, making its debut in Brisbane thanks to a licensing deal with Queensland import business Bansal Foods.

    Cinnabon is famed for its fresh cinnamon scrolls, which are cooked in-store every half-hour for customers. It is this reputation, combined with a lack of immediate competition in Australia, that attracted Bansal to the chain.

    “You have world-famous doughnuts, you have world-famous burgers but there’s no world-famous scroll brand in Australia,” Bansal Group co-owner Gaurav Bansal said. “Their frosting and cinnamon make them different from any other brand that people can’t imitate.”

    Cinnabon Australia has already built up a strong foundation, opening five locations across Queensland, and one in Victoria, within the last two years.

    While the upcoming Darling Square location may be the first Sydney store on the cards, it certainly won’t be the last. Further expansion across NSW has been promised, with a plan to roll out 15 stores over the next five years.

  • Mercedes-Benz India To Consider Accelerating Localisation And Launch Plans Of EVs

    Mercedes-Benz India To Consider Accelerating Localisation And Launch Plans Of EVs

    On August 25, Mercedes-Benz India recorded 2,46,000 views on its Twitter handle for the Mercedes-AMG EQS 4 MATIC+ launch live stream. And ever since it stepped in the Indian luxury EV space with the EQC electric SUV, the brand has observed a steady rise in interest around its electric models through its customer-engaging activities. Now that is confidence-inspiring for the German brand to expedite its plans for launching new electric vehicles in India and considering their local production. It is planning to introduce them as completely knocked down (CKD) products in a bid to keep their ex-showroom prices in check.

    The response that the EQS got shows that the public in ready to be interested in the vehicle and it shows that there is potential in the market. Not every one of the 2,46,000 viewers on Twitter that we had during our live launch will purchase the car, but it shows that the time is right. It’s ready to move into the electric vehicle space, and it gives us a lot of confidence going forward, also with the locally produced car which we’re launching now. The story of EVs is a story of accelerations and deceleration not only in India, but it has also happened globally. We think that things will happen in a couple of years, but they will happen faster than the original plans were. In that sense, I am very confident based on the pipeline Mercedes has built globally. And we’ll also relook on what to do in India based on based on the feedback we’re getting. The EQC gave us good feedback and the EQS is a very strong local product, the EQB which will come later in the year will also see a very different segment. From what we see, what will happen in the next six months will certainly influence our outlook in terms of localization and in terms of products.”

    The next Mercedes-Benz launch in the Indian EV space will be the locally manufactured EQS electric sedan which will roll out of the Chakan plant on September 30. By the end of this year, the German carmaker will also introduce the EQB electric SUV in our market, which is likely to take the CKD route as well. So by 2023 Mercedes will already have four electric offerings in our market across multiple segments. We also know that models like the Vision EQXX and G-Wagon based EQG electric concepts are under development at the Stuttgart headquarters. So if the company continues to observe a growing interest in its electric offerings, it is likely that it will consider introducing these models sooner and as locally manufactured products.

    Well, the overall luxury car market is still roughly around 1.8 per cent in India with EVs having an even miniscule share. But according to a Mordor Intelligence study, the Indian luxury car market is expected to reach a value of over $ 1.54 billion from $ 1.06 billion by 2027 with a CAGR of more than 6.4 per cent during the forecast period 2022-2027. The study further states that with majority luxury car brands aggressively balancing their line-up with EV models, the electric segment is likely to dominate the luxury car space which is reassuring.

  • Qualcomm and Apple team up to allow iPhone 14 line to reach for the sky

    Qualcomm and Apple team up to allow iPhone 14 line to reach for the sky

    Perhaps not as exciting to the average consumer as the Dynamic Island appears to be, Apple added satellite connectivity to all four iPhone 14 models. The feature will allow users to send out emergency messages even when they are out of cellular or Wi-Fi range. While this writer is guilty of this too, perhaps we should be more excited about satellite connectivity than how Apple made the notch useful.

    So what chips did Apple add to the iPhone 14 series to make satellite connectivity possible? Citing a breakdown of the iPhone 14 Pro Max conducted by iFixit, and a statement from Apple, Reuters revealed that the Qualcomm Snapdragon X65 modem chip does double duty on the phones. Not only does the chip help iPhone 14 series users connect with 5G signals, but it also works with band n53. The latter is the radio band used by Globalstar satellites.

    Earlier this year, in a deal typical of Apple, the company agreed to take up to 85% of Globalstar’s satellite transmission capacity for the iPhone 14’s emergency satellite messaging system.
    Yesterday, Apple said that the new models also sport proprietary Apple hardware and software to help the satellite messaging feature do its job. “iPhone 14 includes custom radio frequency components, and new software designed entirely by Apple, that together enables Emergency SOS via satellite on new iPhone 14 models,” the tech giant said.

    To use the new feature, hold your iPhone 14 unit as you would normally hold the device making sure it isn’t in a pocket or backpack. You don’t have to hold it up to the sky. Make sure that you are outdoors with a clear view of the sky and the horizon. Apple wants you to watch out for trees since those with “light foliage” can slow down the signals and those with “dense foliage” can block it completely.

    Also capable of blocking satellite signals are hills or mountains, canyons, and tall structures. And if you need to turn left or right, directions on your iPhone’s screen will tell you what to do. Once you’re connected to a satellite, your handset will maintain this connection even if the screen is locked.
    Apple suggests that in an emergency, you should first try to call for help. If you can’t get a call to go through, tap on Emergency Text via Satellite. You’ll be asked some questions about the emergency. Your message is sent to an emergency dispatch center where the appropriate help is ordered. Emergency SOS via Satellite will launch in November following an update to iOS 16.
    Interestingly, Apple was planning to design its own modem chip and use it in 80% of the 2023 iPhone handsets. But Qualcomm put the kibosh on these plans thanks to a couple of its patents. So as we wrote back in July, “Qualcomm will now supply Apple with 100% of the 5G modems for the 2023 iPhone 15 line leaving Apple with a bad taste in its mouth.”
    Keep in mind that Apple spent $1 billion, a large sum for Apple to spend on a single acquisition, to purchase Intel’s smartphone modem business. Additionally, after Apple reached a settlement with Qualcomm allowing all legal action between the pair to be dropped, it was assumed that Apple would continue to use Qualcomm’s Snapdragon 5G modem chips for a few years while designing its in-house component.
    This plan seemed all ready to go into action until Apple reportedly ran into a couple of Qualcomm patents that block the company from completing its journey. Apple even asked the Supreme Court to hear its argument on why these two patents should be canceled, but SCOTUS denied Apple’s request.
    Right now, Qualcomm is sitting in the catbird’s seat. Unless Apple can discover a way around the aforementioned patents, Qualcomm will continue to supply Apple with 5G modems for the iPhone for the foreseeable future. It’s widely believed that Qualcomm delivers the best 5G modems for smartphones.
  • Cryptominers lose big after Ethereum ‘merge’

    Cryptominers lose big after Ethereum ‘merge’

    Vietnamese crypto miners say they have suffered heavy losses with their mining rigs turning useless after Ethereum, the second-largest cryptocurrency, completed its switch to a more energy-efficient framework.

    “Goodbye Ethereum”, “no more chances” and “sell off rigs” have become the most used keywords on online groups of Vietnamese crypto miners after Ethereum successfully changed its protocol from proof-of-work (PoW) to proof-of-stake (PoS).

    The technical upgrade, called “The Merge”, was completed in the early hours of Thursday morning. It significantly reduces the amount of energy used by the network and sets the stage for Ethereum to lower its fees and massively expand its user base.

    The change will no longer require miners to use “mining rigs” and vast amounts of energy to solve arbitrary mathematical equations. These rigs have become useless for mining the popular cryptocurrency.

    Given that most Vietnamese crypto miners were mining Ethereum, many are in trouble.

    “We all knew this day will come and we have been prepared, but some hoped ‘The Merge’ would happen later so we could mine some more,” said Ngoc Can, administrator of a social group on crypto mining.”All mining pools have closed down, so miners can no longer mine and have to turn off their rigs,” Can said.

    Ethermine, the largest Ethereum mining pool, has also announced that it is shutting down its servers. Unpaid balance of miners will be automatically paid in several days, it said.

    A miner from Dong Nai said large crypto farms were being affected the most. “I started mining four years ago and expanded my farm after breaking even. I haven’t recouped my new investment and it is s almost impossible to sell it,” he said.

    “Many of my friends have collapsed and don’t know what to do with their assets”, the miner added.

    Another miner from Binh Dinh said he planned to mine other cryptocurrencies but gave up after discovering that electricity bills would eat up any profit.

    “I spent my family’s savings on the mining rig. I don’t know how to recover from that”, he said.

    “I regret gambling on these cryptocurrencies.”

    Many cryptominers also expect that Ethereum will be split into a new branch that still allows PoW mechanism, but that prospect is uncertain at this point.

  • Dollar rises to all-time high against Vietnamese dong

    Dollar rises to all-time high against Vietnamese dong

    The U.S. dollar continued to strengthen and reached its historic high against Vietnamese currency Saturday.

    The State Bank of Vietnam (SBV) on Saturday morning set the reference rate for the Vietnamese dong at VND23,283, the same as Friday and VND50 higher than early this week.

    At commercial banks, the Vietnamese dong is at its lowest in history.

    Vietcombank, the country’s largest lender, has sold the U.S. dollar for VND23,795, up more than 3.8 percent from the beginning of this year.

    Top private player Techcombank’s rates were VND23,810, Eximbank’s were VND23,790, and Sacombank VND23,967.

    The SBV allows the Vietnamese dong to trade within a band of 3% on either side of the reference rate, which is based on eight currencies and set daily.

  • First electric bike delivery service launched in Vietnam

    First electric bike delivery service launched in Vietnam

    Delivery company Ahamove has partnered with automaker VinFast to launch AhaFast, the first delivery service in Vietnam to use only electric bikes.

    AhaFast began operation Thursday in Da Nang City with 100 electric Feliz S motorbikes provided by VinFast.

    The electric bike service will be expanded to Hanoi, Ho Chi Minh City, Hai Phong and Nha Trang in the future.

    Ahamove plans to put 10,000 electric bikes into operation by 2025, gradually replacing gasoline-powered motorbikes.

    VinFast says its electric bike can run 200 kilometers on a full charge, and has an IP67 waterproof standard that allows it to operate in heavy rain and flooding.

  • SES and Digicel Partner to Provide Tonga Disaster Network Resiliency via O3b

    SES and Digicel Partner to Provide Tonga Disaster Network Resiliency via O3b

    SES and international mobile network operator Digicel will extend their partnership to provide the Kingdom of Tonga with long-term disaster resiliency to minimize bandwidth disruptions. Under the agreement, Digicel will benefit from SES’s expertise in offering disaster resiliency via SES’s O3b satellite constellation to deliver low-latency and high-throughput connectivity and protect the Tonga population from future communication interruptions in the event of a natural disaster. Launched in 2013, SES’s O3b satellites are orbiting 8,000km above the Earth’s surface in medium earth orbit (MEO) and deliver low-latency connectivity services to any area within 50° north or south of the equator. For the past decade, governments and businesses around the Pacific have been benefiting from the fiber-equivalent performance of the O3b satellite constellation.

    The Kingdom of Tonga has suffered two major connectivity disruptions in the last four years, the latest being the result of the Hunga Tonga-Hunga Ha’apai volcano eruption and subsequent tsunami in January 2022, which severely damaged undersea communication links. In the immediate wake of the disaster, Digicel leveraged SES’s geostationary earth orbit (GEO) satellite capacity to restore temporary connectivity on the islands, allowing Tongan residents to connect with their families and loved ones. As the damaged cable connecting the islands of Vava’u and Tongatapu in Tonga undergoes repair, SES’s MEO satellite service provides Vava’u residents with connectivity. Once the cable is fully repaired, it will become a resiliency service to the main cable that connects the island to Tongatapu.

    The new agreement will see Digicel use SES’s O3b satellite system, which will deliver multiple Gbps of capacity for quick-deploy connectivity to shield the islands in Tonga from potential communication disruptions in the future. The high throughput provided by SES’s O3b satellites will ensure reliable connectivity for first responders and the entire population of Tonga.

    “The islands in the Pacific are highly vulnerable to natural disasters, and it is vital during such crises to have resilient network connectivity. This is crucial in ensuring relief efforts can go smoothly and the affected populations can connect with their families and loved ones living in other parts of the world,” said John Turnbull, director of Pacific Region at SES. “With our continued partnership with Digicel, SES is glad to deliver high-performance, reliable connectivity to the residents in Tonga using our O3b satellites. SES’s second-generation MEO satellite communication system, O3b mPOWER, promises unprecedented flexibility, unparalleled throughput and scalability, all of which are key to providing resiliency for vulnerable communities across Asia Pacific.”

    SES’s multi-orbit satellite fleet has enabled us to quickly deploy domestic connectivity to the island of Vava’u at a time when it is crucial to keep people connected. We are glad to extend our partnership with SES and continue leveraging their O3b satellite services to protect the residents of Tonga from future disasters,” said Mudassar Latif, chief technology officer at Digicel Group. “We look forward to future collaborations with SES to bring multi-orbit satellite communications to other markets in the Pacific, especially those that are vulnerable to natural disasters.”

  • CUB gets fruity testing new beer sub-category

    CUB gets fruity testing new beer sub-category

    Carlton & United Breweries (CUB), part of Asahi Beverages, has released a new beer range with fruity flavours called Sungazer and Empire.

    The new brews feature malted barley, hops, yeast and water and offers a lager-like finish on the palate. Flavours in the Sungazer range include Watermelon, Raspberry and Mango while Empire offers Strawberry & Lime and Orange & Mango.

    The company says the beers are low in bitterness with “a subtle maltiness” and strong fruit flavours. The brands built on the beverage giant’s existing innovation, particularly with products like Carlton Zero.

    CUB GM of marketing Nicole McMillan said Fruity Beer is a ground-breaking innovation that will help CUB and bottleshops keep pace with evolving consumer tastes.

    “Drinkers have told us they love the tradition of enjoying a beer with mates but increasingly want sweeter flavours and low bitterness in their beverages.”

    She added the brand is committed to growing the beer market in Australia and attracting a new demographic of beer lovers.

    Though the brew is not traditional, McMillan said the brands’ other popular offerings such as Victoria Bitter and Carlton Draught “aren’t going anywhere”.

    The new range is now on sale in major bottleshops in 300ml cans with a 4.2 per cent ABV.

  • UBS Beset by Leadership Rumors

    UBS Beset by Leadership Rumors

    Resentment stirs at the group executive board over CEO Ralph Hamers’ appointments while chairman Colm Kelleher keeps the pressure up.

    UBS CEO Ralph Hamers is not having an easy time at the office. Both the scrapped takeover of US digital wealth manager Wealthfront and the group’s persistently weak share price are putting enormous strain on him.

    But that is by no means all. It also seems that resentment is building against him on the group executive board related to his recent appointments, particularly the Italian Barbara Levi, who has been general counsel since November 2021, and Sarah Youngwood, who took up the position of chief financial officer just this past May.

    It is Youngwood, a dual US-French citizen, who is ruffling the most feathers right now, as several sources inside UBS told finews.com. Many believe she botched her first appearance as the new UBS CFO in July when disclosing second quarter and first half results. According to them, the figures were decent, but they were not at all presented in a very convincing manner to analysts, media, and investors.

    UBS shares fell as much as 6 percent afterward, which is particularly hard to understand given that Switzerland’s largest bank has been a beacon of stability for years now. The very tepid outlook provided by Hamers and his team didn’t help matters

    Apparently, Youngwood was portrayed as being inconsistent or obstinate in the run-up to the presentation. She may have simply been trying to free herself from her predecessor’s regime. Kirt Gardner, a US citizen, held the role of CFO with clear aplomb for more than six years between 2016 and 2022. Accusations she does not have the requisite experience, however, quickly fall flat given she spent more than 20 years at JP Morgan in a variety of senior finance leadership functions, rising to CFO of its retail business. Ironically, as part of all that, she served as the head of investor relations between 2012 and 2016.

    Internal Candidates

    The CFO role, needless to say, is critical, and particularly so at large, international banks. They tend to be the most important person besides the CEO at the top executive management levels. They know all figures inside out and are also usually responsible for managing a company’s capital.

    The internal criticism of Youngwood is likely because the slump in the share price caused some of the top managers to lose money, at least temporarily, given that a substantial proportion of management compensation is paid in shares. But it could also be because two highly suitable internal candidates, known to finews.com’s editorial team, had applied to succeed Gardner.

    They were passed over and people started talking maliciously, claiming that Hamers overrode a perfectly suitable internal solution to promote gender diversity, something he has taken very seriously for some time. His well-staged appearance at this year’s Zurich Pride in June was another testament to this, and he indicated that having such a strong commitment to diversity and inclusion would have been unimaginable thirty years ago when he started his career.

    This has clearly unsettled some people internally and is maybe a more likely explanation for the taunts Hamers increasingly faces. This also includes vague criticism of UBS chief lawyer Barbara Levi, another of his appointments. Her flaw – apparently − is that she has no actual banking experience given she actually spent much of her professional career at Swiss pharmaceutical giant Novartis as well as a recent stint lasting a couple of years for Anglo-Australian mining company Rio Tinto.

    The doomsayers are now going as far as to say that the CEO post is up for grabs, although that is probably a bit of a stretch for the time being. But according to several US media, the scrapped takeover of the US fintech Wealthfront was clearly done at the behest of UBS President Colm Kelleher. If so, that certainly does not strengthen Hamers’ position.

    Waiting in Line

    One thing is certain. After a 30-year career at Morgan Stanley, the 65-year-old Irishman now wants to leave his mark on Switzerland’s largest bank. It remains to be seen how much understanding the Wall Street warhorse has for inclusion and diversity issues. But one of his goals is clear. He wants to raise the share price, which has been languishing for years. To that end, he has been touring the US extensively.

    It is also clear that Kelleher has a particular man on the Group Executive Board, or rather in the queue for the CEO job, in wealth management – Iqbal Khan.