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Tag: Digital

  • Globe and NCS Seal PHP 1.73B Joint Venture, Boosting Yondu’s Digital Services Capability in Asia Pacific

    Globe and NCS Seal PHP 1.73B Joint Venture, Boosting Yondu’s Digital Services Capability in Asia Pacific

    Globe Telecom Inc. has finalized its business arrangement with Singapore-based company, NCS Pte. Ltd., through their joint venture with Yondu Inc., valued at PHP 1.73 billion. This venture was first established on March 26, 2025, and was made public in a disclosure to the Philippine Stock Exchange by Globe.

    The Deal

    NCS, through its subsidiary NCSI Holdings Pte. Ltd, now holds a 51% majority stake in Yondu, leaving Globe with the remaining 49% shares. Concurrently, NCSI Philippines Inc. was acquired by Yondu from NCSI, making it a wholly-owned subsidiary. Yondu will be rebranded as NCS Philippines.

    Globe’s third-quarter financial report indicates the joint venture’s value sits at about PHP 1.73 billion, encompassing PHP 349.06 million in cash and cash equivalents. This figure is a 7.5% decrease from the initial estimate of PHP 1.87 billion in March 2023.

    Impact of The Joint Venture

    Post the completion of the joint venture, Globe’s President and CEO, Carl Raymond Cruz, expressed confidence in Yondu’s enhanced capability to offer superior solutions to customers. Cruz highlighted that the partnership will facilitate service expansion and help reach more customers across the Asia Pacific, leveraging NCS’s regional presence and partner networks.

    Yondu, functioning as Globe’s information and communications technology division, specializes in wireless products and digital services for clients. It concentrates on custom software development, managed security, e-commerce solutions, cloud services, and pre-built platforms. Joint venture partner NCS, owned by Singtel, views this venture as a crucial step in its regional expansion strategy.

    NCS’s CEO, Ng Kuo Pin, anticipates that the expanded team will enhance the company’s digital, cloud, and data services, including those employing artificial intelligence. The team’s size is expected to increase from roughly 150 employees last year to over 1,200.

    Expected Benefits

    In addition to regional expansion, Juan Carlo Puno, Globe’s Chief Finance Officer, stated that the joint venture will ensure more efficient capital use and provide consistent revenue growth support. He emphasized that the venture’s key objective is to create a platform with financial resilience that can deliver long-term shareholder value while ensuring investment capability for next-generation ICT solutions.

    From January to September 2025, Yondu’s non-telecom revenues were reported at PHP 1.7 billion by Globe, showing a 4% decrease from PHP 1.81 billion during the same months of 2024. During this same period, Globe’s total gross service revenues stood at PHP 121.7 billion, with net income falling to PHP 17.7 billion.

    Questions & Answers

    What is the objective of the joint venture between Globe Telecom and NCS?
    The joint venture aims to enhance Yondu’s ability to offer superior solutions to its customers and to expand services across the Asia Pacific region.

    How will the joint venture impact Yondu?
    Yondu will now become a wholly-owned subsidiary called NCS Philippines, and its workforce is expected to grow from about 150 employees to over 1,200.

    What financial impact is expected from this partnership?
    The partnership is anticipated to facilitate more efficient capital utilization, support consistent revenue growth, and offer long-term value to shareholders.

  • Revolutionizing Thailand’s Digital Landscape: True Corporation Achieves One Network Integration, Enhancing Nationwide Connectivity

    Revolutionizing Thailand’s Digital Landscape: True Corporation Achieves One Network Integration, Enhancing Nationwide Connectivity

    In 2025, True Corporation celebrated a significant achievement with the successful completion of the One Network project. This accomplishment brought about complete network integration between True and dtac, strengthening Thailand’s telecommunications infrastructure considerably. The project resulted in a robust digital network with broad coverage across the nation, enhanced performance, and a significantly improved mobile experience for customers of both brands.

    Blending Strategy and Technology

    True Corporation’s CEO, Mr. Sigve Brekke, emphasized the project’s success lay not merely in merging towers or upgrading equipment. The One Network project represented a full-scale modernization of the network, encompassing strategic planning, digital infrastructure enhancement, and the integration of new technologies into a single network. The resulting integrated network supports daily usage demands and provides a robust foundation for future technologies. This achievement is a testament to the dedication of the network specialists and their close collaboration with global technology partners to deliver high-quality connectivity nationwide.

    Building Capacity and Boosting Performance

    From 2023 to 2025, True Corporation focused on continually increasing network capacity to cater to growing usage demands, such as those encountered at concerts, major events, and areas with heavy user traffic. The corporation successfully merged 5G and 4G technologies, leading to an average nationwide network capacity increase of 1.37 times. The capacity of the 5G network nearly doubled, reflecting efficient spectrum utilization and network management. These enhancements resulted in faster, smoother, and more reliable connectivity, even in densely populated areas.

    Enhanced Coverage and Signal Quality

    The One Network project resulted in significant improvements in both network coverage and signal quality. This was especially noticeable for former dtac customers. Prior to the integration in 2023, dtac’s 5G coverage stood at 47%, while True’s was at 83%. By 2025, the combined 5G coverage reached 94% nationwide, with 4G coverage at 99%. The average nationwide 5G and 4G signal quality improved by 76%, with the most significant enhancements seen in provinces with high usage.

    Seamless Connectivity for Tourists

    True Corporation also undertook efforts to improve 5G and 4G network quality across major tourist destinations nationwide. This ensured seamless connectivity during the peak New Year travel period. Coverage was expanded to include natural attractions, leading tourism cities, economic hubs, and national landmarks across all regions. In Bangkok, the network covered key tourist, retail, and lifestyle districts, supporting heavy digital usage and communications by residents and visitors, as well as major countdown venues.

    Through the One Network project, True Corporation strives to provide smoother connectivity during peak holiday periods, reduce congestion in densely populated areas, and enhance speedy, reliable digital experiences that support tourism and economic activity across the country.

    The project’s success implies more than just network integration. It represents a transformation towards a smarter, more efficient network that elevates Thailand’s telecom standards and ensures seamless connectivity for True and dtac customers in all situations.

    Questions & Answers

    What is the One Network project?
    The One Network project is a significant initiative by True Corporation that aimed at complete network integration between True and dtac to enhance Thailand’s telecommunications infrastructure.

    What improvements resulted from the One Network project?
    The project significantly increased network coverage and signal quality, especially for 5G and 4G services. The combined 5G coverage reached 94% nationwide, and 4G coverage hit 99% by 2025. It also resulted in a more robust and reliable network with increased capacity.

    How does the One Network project impact tourism in Thailand?
    The project led to improved network quality across major tourist destinations, ensuring seamless digital experiences and connectivity during peak travel periods, supporting tourism and economic activity across the nation.

  • Cambodia Ushers in Digital Transformation with Nationwide 5G Launch in 2026

    Cambodia Ushers in Digital Transformation with Nationwide 5G Launch in 2026

    Cambodia is preparing to introduce 5G mobile services as of January 1, 2026, as reported by the Ministry of Post and Telecommunications. The three major mobile operators in the region, Cellcard (CamGSM), Metfone (Viettel Cambodia), and Smart (Smart Axiata), have already constructed telecommunications antenna stations and equipped these locations with the necessary 5G network infrastructure.

    5G Services Rollout

    Coinciding with New Year’s Day celebrations, customers across the three mobile operators will gain access to 5G services right from 12:01 a.m. on January 1, 2026. The initial phase of the rollout will see 5G services made available in key areas including the capital city, Phnom Penh, and various regions in Siem Reap, Kandal, Svay Rieng, Kampong Speu, Takeo, Kampong Cham, Kampong Thom, Prey Veng, Kratie, Kampong Chhnang, Pursat, Preah Sihanouk, Stung Treng, and Kampot.

    There are plans for subsequent phases to extend the coverage of 5G services throughout the other provinces of the Southeast Asian country.

    The Impact of 5G Services

    The launch of 5G services is anticipated to significantly propel digital evolution across the economic and societal landscape. Key benefits include faster internet speeds compared to the existing 4G, the simultaneous connection of multiple devices, reduced latency, and augmented efficiency in delivering digital public services.

    The new 5G services represent more than just enhanced internet speed. They symbolize an essential digital infrastructure underpinning Cambodia’s digital future. This development is expected to foster innovation and spawn new opportunities.

    As per data from the Ministry of Post and Telecommunications, Cambodia has approximately 19.6 million internet subscribers and around 20.6 million mobile phone users. These figures exceed the country’s total population of 17 million, owing to some individuals subscribing to multiple internet or phone services.

    Questions & Answers

    When will 5G services be launched in Cambodia?
    5G services are set to be launched in Cambodia on January 1, 2026.

    What are some benefits of 5G services?
    Key benefits of 5G services include faster internet speeds, the ability to connect multiple devices simultaneously, low latency, and enhanced efficiency in delivering digital public services.

    What does the introduction of 5G services signify for Cambodia?
    The introduction of 5G services indicates a significant step toward a digital future for Cambodia, expected to foster innovation and create new opportunities.

  • Thailand’s Digital Leap: The Quest for Universal Internet Access & its Economic Impact

    Thailand’s Digital Leap: The Quest for Universal Internet Access & its Economic Impact

    Thailand’s mission is to provide universal access to affordable and dependable internet services, a goal reflective of a broader international accord. Over the past ten years, the nation has shifted from planning to action, spearheading campaigns such as the Village Broadband Internet (Net Pracharat) program and the Universal Service Obligation (USO) plan. These strategies harness the power of fiber, mobile, and satellite technologies, embodying the nation’s ultimate objective of digital inclusion to boost economic growth, strengthen social services and education, and enhance national competitiveness.

    The Current State of Universal Access in Thailand

    Thailand’s strategy for universal access comprises several critical elements:

    Primarily, the focus is on connecting rural villages and public institutions. The Net Pracharat project, overseen by the Ministry of Digital Economy and Society (MDES), has established fiber and Wi-Fi networks in numerous villages and public locations such as schools and health clinics. This project utilizes an open-access network (OAN) model, which permits licensed operators to share infrastructure for last-mile services. This approach reduces costs, prevents infrastructure duplication, and allows commercial providers to offer services via the government’s network.

    Thailand’s strategy is technology-agnostic, incorporating fiber, mobile, and satellite. Fiber is preferred for speed and reliability, but accessing remote islands, mountainous regions, and thinly populated agricultural areas necessitates a blend of mobile broadband and satellite or low-Earth-orbit (LEO) services. Thailand has already undertaken commercial trials with LEO satellite providers, and there are further plans for satellite coverage in Phase 3.

    Progress Thus Far

    Rapid, noticeable results have been achieved through Net Pracharat and other public initiatives. By December 2017, the MDES and the Telephone of Thailand Public Company Limited (TOT) had completed the deployment of fiber-optic cables to 24,700 rural villages as part of the Net Pracharat initiative. Complementing the fiber rollout, the government installed free public Wi-Fi hotspots in these villages, offering speeds up to 30/10 Mbps (download/upload). In November 2018, approximately 4.5 million users had registered to access Net Pracharat Wi-Fi.

    These enhancements have elevated national internet and mobile data coverage substantially compared to a decade ago. Even though some gaps persist, fixed-line providers are investing in fiber and 5G network upgrades, often in tandem with government initiatives to connect backbone routes and aggregation points. The National Broadcasting and Telecommunications Commission’s (NBTC) spectrum planning, including auctions aimed at 5G-Advanced bands, further exemplifies the policy environment that views broadband as both essential social infrastructure and an economic growth catalyst.

    New Tools in The Toolbox

    A significant development is the emergence of satellite broadband, both geostationary and increasingly LEO constellations, as a supplement to terrestrial infrastructure. Thai commercial agreements and trials with satellite vendors indicate that operators, such as True Corporation, are exploring direct-to-cell (D2C) and consumer LEO services for remote coverage. If these solutions are validated, they could expedite reach to islands and highlands where terrestrial backhaul is expensive or environmentally sensitive.

    Allowing licensed operators to utilize publicly funded backhaul without unjust fees helps Thailand avoid duplicating infrastructure and reduce the cost of acquiring new customers.

    Economic and Social Implications

    International institutions emphasize that digital connectivity is an economic multiplier, affecting productivity, digital services, foreign investment, and SME digitization.

    Thailand’s infrastructure planning aligns with the Thailand 4.0 transformation and its larger goal to attract data center and AI investment. Universal access supports education, health, financial inclusion, and civic participation. However, ongoing digital gaps exacerbate inequality as regions without reliable internet access experience slower growth and fewer opportunities to join the digital economy.

    Projected Near-Term Outcomes

    Thailand’s drive for universal internet access is among the most advanced in Southeast Asia. Armed with backbone fiber, open-access network principles, a growing USO fund, and receptiveness to satellite and mobile tech, the country is poised to bridge the rural-urban digital divide in the future.

    Despite the risks revolving around affordability, transparent procurement, and ensuring quality beyond basic coverage, the existing policies and robust participation from both local and foreign companies provide the necessary tools. If Phase 3 delivers significant infrastructure and the government combines investments with efforts to make the internet affordable and build digital skills, Thailand could transform near-universal access into genuine digital inclusion.

    Questions & Answers

    What is Thailand’s approach to achieving universal access to the internet?
    Thailand’s strategy involves connecting rural villages and public institutions, using an open-access network model, and leveraging fiber, mobile, and satellite technologies.

    How is Thailand utilizing satellite technology in its drive for universal internet access?
    Thailand is testing direct-to-cell and consumer Low-Earth-Orbit services for remote coverage. If validated, these solutions can expedite reach to isolated areas where terrestrial backhaul is expensive or environmentally sensitive.

    What are the potential outcomes of Thailand’s push for universal internet access?
    If successful, Thailand’s universal internet access initiative could result in improved education, health, financial inclusion, and civic participation. It could also bridge the rural-urban digital divide and lead to genuine digital inclusion.

  • Spark NZ and HPE Pioneer Advanced Hybrid Cloud Solutions for New Zealand’s Digital Boom

    Spark NZ and HPE Pioneer Advanced Hybrid Cloud Solutions for New Zealand’s Digital Boom

    Hewlett Packard Enterprise (HPE) recently declared that Spark NZ, a leading telecom company in New Zealand, has embarked on a series of substantial infrastructure transformations. Undertaken in conjunction with HPE, these projects aim to provide rapid and reliable hybrid cloud and managed IT services to Spark NZ’s customers. The IT overhaul will integrate new streamlined and automated features for the telecom company. Spark NZ’s objective is to entirely transform its cloud management platform in response to the substantial growth in digital consumption in New Zealand and the escalating demand for quick, reliable, and uninterrupted connectivity across all its services.

    Fostering Hybrid Cloud Growth: Merging Strategies for Optimal Cloud Solutions

    Working in tandem with HPE, Spark NZ has upgraded its antiquated infrastructure, establishing a modern, purpose-built hybrid cloud environment. This includes the integration of HPE GreenLake cloud and HPE Morpheus Enterprise Software to deliver scalable, unified services. This expansion equips Spark NZ to serve its customers more effectively with improved connectivity, advanced scalable AI solutions, and heightened control, agility, and security. The modernization process has been conducted in several stages, aimed at revolutionizing Spark NZ’s crucial infrastructure while concentrating on delivering measurable outcomes that stimulate transformative business change for customers.

    Chris Weber, Vice President and Managing Director at HPE South Pacific, expressed his pride in the partnership with Spark NZ and the innovations it has brought about. He emphasized the broad range of modern solutions HPE offers, from upgrading cloud infrastructure capability to increasing efficiency and scalability. Weber shared his anticipation regarding how the partnership will continue to yield results in the constantly evolving landscape and the business opportunities it will unveil as these projects mature.

    The Changing Face of Telecommunication Services

    The telecommunications sector in New Zealand is structured to cater to a large and widely distributed network of customers, businesses, and enterprises. As global productivity and innovation thrive, there is a rising demand for inventive solutions to meet the requirements of critical national infrastructure and private enterprises. Spark NZ’s proactive approach to embracing new solutions positions New Zealand competitively on the global stage, prioritizing improved customer outcomes and enhanced cost-efficiency.

    Penny White, Business Technology Services General Manager at Spark NZ, emphasized the changing needs of businesses as technology evolves. She noted that depending solely on public or on-premises cloud does not provide the flexibility, control, and speed necessary for them to maximize the benefits of technology to boost productivity. White stated that these barriers can be surmounted by hybrid cloud – the area where Spark NZ is focused. She affirmed that their strategic partnership with HPE has not just fortified their foundational infrastructure but also enabled them to continue delivering a seamless, user-friendly experience to their customers while unlocking enhanced efficiency, tangible business outcomes, and new potential capabilities.

    Questions & Answers

    What is the goal behind Spark NZ’s infrastructure transformation?
    The goal is to provide faster and more reliable hybrid cloud and managed IT services to its customers in New Zealand.

    How is Spark NZ addressing the growing demand for quick and reliable connectivity?
    Spark NZ is addressing this demand by modernizing its cloud management platform and integrating new streamlined and automated capabilities.

    What are the benefits of Spark NZ’s partnership with HPE?
    The partnership enables Spark NZ to serve its customers more effectively with improved connectivity, advanced scalable AI solutions, and heightened control, agility, and security. It also positions Spark NZ to continue delivering a seamless, user-friendly experience while unlocking enhanced efficiency, tangible business outcomes, and new potential capabilities.

  • Telkom Greenlights InfraNexia’s $5.4B Fiber Spinoff: A Step Forward in Digital Infrastructure Expansion

    Telkom Greenlights InfraNexia’s $5.4B Fiber Spinoff: A Step Forward in Digital Infrastructure Expansion

    Indonesia’s state-owned telecommunications corporation, Telkom Indonesia, recently announced that its independent shareholders have given the green light to partition the company’s wholesale fiber connectivity business and assets. The assets will be transferred to the company’s Fiber-To-The-Home (FTTH) subsidiary, Telkom Infrastruktur Indonesia (TIF), also colloquially known as InfraNexia. Telkom initially shared its plan in September and finalized it in October, with the split slated for execution in two stages.

    Details of the Split

    The initial phase will witness InfraNexia assuming control of more than half of Telkom’s fiber network infrastructure. This includes elements such as access, aggregation, backbone, and other supporting infrastructural components. The second phase involves InfraNexia obtaining the rest of the fiber assets from Telkom, a process expected to reach completion in the second half of 2026. The total asset value is projected to be IDR 90 trillion (USD 5.4 billion).

    Despite the spinoff, Telkom will maintain a hefty 99.9% ownership stake in InfraNexia. Telkom has expressed that this division will enhance operational and investment cost efficiencies. Moreover, it aims to transform InfraNexia into a new growth catalyst for the group, with a particular focus on the development of the wholesale fiber business, forging opportunities for network sharing, and forming strategic partnerships. This strategic shift is vital, given that Telkom’s wholesale fiber capacity is only approximately 40% utilized, primarily by its mobile division, Telkomsel.

    Shareholder Approval

    The partition needed approval from independent shareholders, who lent their support to the plan during an Extraordinary General Meeting of Shareholders (EGMS).

    Telkom’s President Director, Dian Siswarini, expressed that this separation is also a crucial facet of the company’s TLKM 30 strategy. This strategy is designed to metamorphose Telkom into a strategic holding firm that boasts a more niche, nimble, and internationally competitive digital telecommunications profile.

    The approval of the asset and business separation strengthens Telkom’s transformation agenda, aimed at building a more agile and focused business structure. This will enable Telkom to augment its contribution to the acceleration of national digitalization and generate added value for companies, stakeholders, communities, and the nation.

    Questions & Answers

    What is the purpose of the split in Telkom’s business?
    The split is aimed at enhancing operational and investment cost efficiencies, transforming InfraNexia into a new growth catalyst for the group, and focusing on the development of the wholesale fiber business.

    How much of the ownership stake in InfraNexia will Telkom retain after the split?
    Post-separation, Telkom will retain a 99.9% ownership stake in InfraNexia.

    What does Telkom’s TLKM 30 strategy entail?
    The TLKM 30 strategy aims to transform Telkom into a strategic holding company with a more focused, agile, and globally competitive digital telecommunications profile.

  • Netcracker Boosts AIS’s Digital Transformation with Major Cloud Deployment & Revenue Management Upgrade

    Netcracker Boosts AIS’s Digital Transformation with Major Cloud Deployment & Revenue Management Upgrade

    Netcracker Technology recently completed a significant cloud-native revenue management upgrade for Advanced Info Service (AIS), establishing one of the most substantial cloud deployments in Thailand and the wider Asia-Pacific region. This update signifies a critical progression in AIS’s digital transformation strategy, as the telecom operator enhances its converged mobile and broadband services for its customer base of over 45 million.

    AIS Adopts Netcracker’s Revenue Management Platform

    AIS transitioned to Netcracker’s Cloud-Native Revenue Management platform, a component of the Netcracker Digital BSS suite, to better cater to both B2C and B2B quad-play users. The platform can facilitate flexible subscription billing on monthly, quarterly, and yearly intervals, bolstering customer preference and streamlining billing processes.

    Netcracker has indicated that the launch provides significant operational and commercial advantages, such as increased scalability, cost-effectiveness, and an expedited time-to-market for novel offerings. These features are predicted to bolster AIS’s expanding 5G aspirations, especially in the realms of enterprise 5G and IoT services, as AIS gears up for future market growth.

    Words from the Chief Information Officer and Chief Technology Officer

    AIS’s Chief Information Officer, Bharat Alva, announced that the successful full-circle delivery of the new cloud-native revenue management platform within strict timeframes has already demonstrated its stability and scalability by supporting significant launches and events, such as the most recent iPhone release, without interruption. As AIS continues to transfer customers to this new platform, it plans to capitalize on its momentum with Netcracker by introducing more features and improvements in the immediate future.

    Netcracker’s Chief Technology Officer, Bob Titus, expressed appreciation for their longstanding partnership with AIS, commending them as a genuinely advanced telecommunications operator in a region recognized for numerous innovations. He stated that this launch is the best endorsement of how their customers continue to benefit from their sustained investment in cloud and AI technologies.

    Questions & Answers

    What does the cloud-native revenue management platform do for AIS?
    The platform allows AIS to offer its customers flexible subscription billing on a monthly, quarterly, and yearly basis, enhancing customer choice and making the billing process more efficient.

    What are the benefits of this new deployment for AIS?
    The deployment offers several operational and commercial benefits, including increased scalability, cost optimization, and the ability to bring new offerings to the market at a faster pace.

    How will this upgrade support AIS’s future growth?
    The capabilities provided by this upgrade are expected to support AIS’s growing ambitions in enterprise 5G and IoT services, assisting the company in its preparations for future market expansion.

  • Bhutan Pioneers Digital Gold Revolution with Launch of Sovereign-Backed Token: A New Era of State-Led Digital Asset Innovation

    Bhutan Pioneers Digital Gold Revolution with Launch of Sovereign-Backed Token: A New Era of State-Led Digital Asset Innovation

    The Kingdom of Bhutan is preparing to launch one of the first-ever sovereign-backed gold tokens, a groundbreaking move that places it at the forefront of governmental digital asset innovation. This bold step signifies the country’s attempt to combine traditional stores of value with cutting-edge financial infrastructure.

    Introducing TER: A Gold-Backed Token

    Bhutan’s new token, known as TER, is completely backed by physical gold and is expected to launch on 17 December 2025. This marks a significant step forward for Gelephu Mindfulness City, which aims to become a global center for responsible digital finance.

    TER, which is derived from the Dzongkha word for “Treasure,” represents Bhutan’s ambition to preserve its cultural heritage while embracing digital transformation. This token is part of Bhutan’s wider national strategy to incorporate blockchain technology into public and financial systems. The launch emphasizes the country’s commitment to fostering a digital economy that is driven by values and grounded in sustainable, tangible assets.

    Gelephu Mindfulness City: A Hub for Mindful Innovation

    TER, issued by Gelephu Mindfulness City, aims to set a new benchmark for asset-backed digital currencies underpinned by sovereign trust. The initiative is in line with Gelephu’s vision of becoming a hub for mindful innovation, utilizing technology in a manner that is transparent, secure, and in sync with Bhutanese values.

    Board Director Jigdrel Singay has stated that the launch of TER is a foundational move towards building a value-driven digital economy based on real-world assets and sovereign trust.

    Ensuring Security with DK Bank

    DK Bank, Bhutan’s premier digital bank, will function as the exclusive distributor and custodian to ensure utmost security and regulated access. Governed by the Royal Monetary Authority and the Gelephu Mindfulness City Authority, DK Bank provides the necessary infrastructure to reassure both domestic and international investors. The first phase of distribution will allow users to buy TER directly through the bank, with tokens kept in institutional-grade custody.

    Using Solana’s Blockchain Infrastructure

    TER will be issued on Solana’s enterprise-grade blockchain, chosen for its speed, low transaction costs, and minimal environmental impact. This technical foundation fortifies Bhutan’s strategy to deploy efficient, scalable, and eco-friendly digital systems.

    Collaboration with Matrixdock Strengthens Credibility

    Matrixdock, a leading entity in real-world asset tokenization and a Matrixport subsidiary, has been chosen as the technology partner for TER. This partnership strengthens the credibility of Bhutan’s digital asset ambitions by adding institutional weight and adhering to international best practices.

    A Digital Gateway for Gold Investors

    TER provides a modern, tax-efficient alternative to physical gold, offering international investors a secure digital means to access one of the world’s safest assets. It is designed to emulate the trusted experience of buying physical gold through a major financial institution, while improving liquidity, accessibility, and settlement efficiency.

    Bhutan’s Digital Sovereignty

    Bhutan has already made significant strides in digital initiatives. Notable achievements include integrating various digital assets into Gelephu Mindfulness City’s strategic reserves, implementing a national digital identity system based on the Ethereum blockchain, utilizing Binance Pay for crypto-based transactions, and becoming one of the first nations to mine Bitcoin using renewable hydropower. These accomplishments underscore Bhutan’s evolving concept of digital sovereignty and its dedication to merging innovation with sustainability.

    State-Backed Assets: A New Model

    With the introduction of TER, Bhutan showcases how a nation can transition from traditional resource security to digital-era asset management while upholding cultural and regulatory integrity. As the global demand for reliable, gold-backed digital instruments grows, Bhutan’s initiative could serve as a model for other countries looking to combine heritage and advanced technology in the creation of contemporary financial ecosystems.

    Questions & Answers

    What is TER?
    TER is a gold-backed digital token issued by the Kingdom of Bhutan.

    What does the introduction of TER signify for Bhutan?
    The introduction of TER represents Bhutan’s intention to both preserve its cultural heritage and embrace digital transformation.

    Why is DK Bank involved in the distribution of TER?
    As Bhutan’s premier digital bank, DK Bank will ensure robust security and regulated access for the distribution of TER.

  • Singapore Soars to Global Crypto Leadership: Asia-Pacific Emerges as the Epicenter of Digital Finance Revolution

    Singapore Soars to Global Crypto Leadership: Asia-Pacific Emerges as the Epicenter of Digital Finance Revolution

    The 2025 World Crypto Ranking Report by Bybit has uncovered a significant shift in the worldwide adoption of digital assets. Singapore has superseded the US as the global leader in the crypto sphere, with six economies from the Asia-Pacific region entering the global top twenty. This shift implies that Asia-Pacific is rapidly becoming the epicenter of the forthcoming digital finance era.

    Singapore: The New Crypto Hub

    According to the World Crypto Rankings (WCR) 2025, which encapsulates data from 79 countries, Singapore has risen to the top spot globally. This ascent can be attributed to clear regulatory policies, the maturity of institutions, and extensive public engagement. Over 11 percent of Singapore’s citizens hold digital assets, reflecting a high rate of public engagement. The WCR report, founded on 28 metrics and 92 data points, underscores the structural strengths that reinforce Singapore’s position as a crucial hub for long-term crypto developments.

    Asia-Pacific’s Strong Presence

    Apart from Singapore, other markets in the Asia-Pacific region have shown significant advancements in adoption. Vietnam, ranking 9th globally, has driven this growth with close to 20 percent crypto ownership and top-tier usage for remittances, savings, and DePIN devices. Hong Kong has secured a place in the top 10, driven by a regulatory overhaul and a surge in institutional activity. Other regional players like Australia, the Philippines, and South Korea have strengthened the region’s representation in the top 20, each spurred by unique adoption factors.

    Contrasting Market Trends

    The report points out the coexistence of institutional hubs and grassroots ecosystems across the Asia-Pacific region. Different strategies have been employed. For instance, Hong Kong focuses on merging global finance with China’s capital framework via tokenization and stablecoin infrastructure, while Vietnam’s crypto economy is fueled by innovation driven by necessity.

    The Philippines is progressing financial inclusion via mobile-first adoption, while South Korea’s intense retail interest is set to accelerate once there is regulatory advancement.

    Growth of Tokenized Real-World Assets

    A crucial global trend highlighted in the report is the swift enlargement of tokenized real-world assets. The value of these assets, measured on-chain, has increased by over 63 percent to more than $25.7 billion since January 2025.

    Countries high on the institutional readiness scale, led by the US and trailed by the Philippines and Australia, are in the best position to harness this upcoming wave of digital asset innovation.

    Impacting Global Crypto Landscape

    Co-CEO of Bybit, Helen Liu, has stated that the rise of the Asia-Pacific in the crypto sphere is altering the boundaries of global finance. Liu emphasized that the region is leading the industry through regulatory innovation, grassroots engagement, and institutional growth.

    The findings in the WCR 2025 suggest that local breakthroughs in the region now affect global capital flows, market structure, and policy discussions on digital assets.

    Guiding the Future of Crypto

    The report posits the Asia-Pacific not only as a quick adopter but also as a defining force in the structural evolution of digital finance. The region, with increasing institutional involvement, evolving regulatory frameworks, and broad retail adoption, is surfacing as a pivotal engine for crypto innovation. The WCR 2025 serves as a diagnostic tool and strategic guide for policymakers, investors, and industry leaders to navigate the next phase of global digital asset growth.

    Questions & Answers

    What factors contributed to Singapore’s rise to the top of the global crypto market?
    Singapore’s rise can be attributed to regulatory clarity, institutional maturity, and widespread public engagement, with over 11 percent of citizens holding digital assets.

    Which Asia-Pacific countries have shown significant advancements in crypto adoption?
    Singapore, Vietnam, Hong Kong, Australia, the Philippines, and South Korea have all shown remarkable growth and adoption in the crypto sphere.

    What global trend has been identified in the report in relation to digital assets?
    The report identifies the rapid expansion of tokenized real-world assets as a key global trend, with total on-chain RWA value growing by over 63 percent since January 2025.

  • Shiseido Announces Major Organizational Restructure for 2026: Embracing Sustainability, Creativity, and Digital Transformation

    Shiseido Announces Major Organizational Restructure for 2026: Embracing Sustainability, Creativity, and Digital Transformation

    Shiseido, the multinational personal care company, has recently revealed significant organizational and personnel changes which will come into effect at the start of the new year.

    Organizational Changes

    Shiseido plans to streamline its operations by introducing new business units to consolidate areas related to sustainability, creation, and digital operations. The company is set to establish the Sustainability Strategy Acceleration Office within its corporate transformation acceleration department. This new office will integrate all functions related to sustainability, including the DE&I group, which will result in the dissolution of both the Sustainability Strategy Acceleration Department and the DE&I Department.

    A new division, the Art and Creation Division, will also be established by merging functions from the Beauty Creation Center, Shiseido Creative, and the Art & Heritage Department. Shiseido Creative’s functions will be transferred to the newly formed Creation Department, while the Art & Heritage Department will be restructured as the Corporate Value Creation Office.

    Digital Operations Consolidation

    In a move towards digitalization, Shiseido will establish the Global Digital Division and the Global Business Engagement Department. These new entities will streamline resources by merging digital and IT functions under a single, unified platform. Existing IT capabilities, currently dispersed across various units, will be consolidated into the Global Digital Division.

    Following the completion of the core system FOCUS rollout, the Business Transformation Department will be dissolved. It will be replaced by two new teams: the Global Business Engagement Department and the Global Enterprise Application Department.

    The Digital Transformation Office will also be restructured and will be known as the Global Digital Platform Department henceforth.

    Leadership Appointments

    Alongside these structural changes, Shiseido has also announced its associated leadership appointments. The newly appointed leaders include Naoko Hase, Maki Yamamoto, Atsushi Yasuda, Venkatesh Somasundaram, Yuki Mikita, Keiko Sakurai, Takuma Kurahashi, and Yuu Miura. They will take the reins across various functions such as risk management, digital governance, global process management, creation, and product value development.

    Questions & Answers

    What are the significant organizational changes announced by Shiseido?
    Shiseido is set to introduce new units for the consolidation of functions related to sustainability, creation, and digital operations. Also, several existing departments will be restructured or dissolved accordingly.

    What is the aim of Shiseido’s digital operations consolidation?
    The aim is to streamline resources by merging digital and IT functions under a unified platform. Existing IT capabilities, currently dispersed, will be consolidated into the newly formed Global Digital Division.

    Who are the newly appointed leaders at Shiseido?
    The newly appointed leaders include Naoko Hase, Maki Yamamoto, Atsushi Yasuda, Venkatesh Somasundaram, Yuki Mikita, Keiko Sakurai, Takuma Kurahashi, and Yuu Miura, who will oversee various functions such as risk management, digital governance, global process management, creation, and product value development.

  • StarHub and NeutraDC Collaborate on Quantum-Secure Connectivity, Boosting Regional Digital Ecosystem

    StarHub and NeutraDC Collaborate on Quantum-Secure Connectivity, Boosting Regional Digital Ecosystem

    StarHub, in partnership with NeutraDC, a division of Telkom Indonesia specializing in data centers, has announced the signing of a Memorandum of Understanding (MoU). The agreement is set to improve their joint efforts on quantum-safe connectivity solutions, which incorporates quantum-resistant encryption, post-quantum cryptography, and secure network infrastructure for the next generation. The intention behind these efforts is to bolster the digital services ecosystem in the region.

    Enhancing Regional Connectivity

    As part of their strategy to enhance regional connectivity, StarHub plans to establish a point of presence (PoP) at NeutraDC’s SNG-3 location in Singapore. This entails the integration of StarHub’s Low-Latency Data Centre Connect solution within NeutraDC’s digital infrastructure network. The result of this would be the enablement of enterprises to enjoy low-latency interconnectivity between data centers, cloud platforms, and essential business applications.

    This joint effort further bolsters Singapore’s role as a regional digital hub, providing enterprises with seamless, efficient, and secure access to data resources across Southeast Asia.

    Low-Latency Data Centre Connect Solution

    In the current digital economy, enterprises require a high-performance data exchange system between multiple data centers, cloud platforms, and applications. StarHub’s Low-Latency Data Centre Connect solution offers ultra-low-latency interconnect in Singapore, featuring a path with less than one millisecond to cable landing stations (CLS) for extensive regional reach.

    Quantum Security Adoption

    With the rise in security threats, quantum security is progressively being adopted as a substitute for current encryption standards. The collaboration between StarHub and NeutraDC aims to encourage the broad adoption of quantum-encrypted connectivity.

    Through the PoP at NeutraDC’s SNG-3, customers can benefit from direct CLS connectivity. This includes a fully comprehensive regional access route from data center to CLS to subsea cable, as well as software-defined networking (SDN) features like network slicing, multi-tenancy portals, and bandwidth-on-demand for dynamic scalability with data-intensive workloads. Additionally, quantum-safe encryption using post-quantum cryptography offers future-proof data protection, along with service orchestration that enables faster service provisioning and improved network agility.

    Tan Kit Yong, Chief of Regional Enterprise at StarHub, said, “Enterprises are currently facing unprecedented data demands. They require infrastructure that can match their growth pace. By collaborating with NeutraDC, we aim to simplify the process for businesses to move, protect, and scale their data. This will help them gain real performance advantages and expedite their digital transformation across the region.”

    NeutraDC Singapore’s CEO, Sendang Praptomo, expressed excitement about the collaboration with StarHub. He stated, “This strategic initiative strengthens NeutraDC’s strategy of providing seamless, secure, and cloud-ready connectivity to our regional Neutra Compute GPU clouds. Quantum-secure connectivity represents the new frontier of security, overcoming the limitations of current encryption standards. This will empower our customers to stay ahead of emerging threats and meet evolving business requirements.”

    Questions & Answers

    What is the aim of the MoU signed between StarHub and NeutraDC?
    The Memorandum of Understanding (MoU) aims to enhance collaboration on quantum-safe connectivity solutions, with a focus on quantum-resistant encryption, post-quantum cryptography, and next-generation secure network infrastructure.

    How will the collaboration between StarHub and NeutraDC benefit enterprises?
    The collaboration will provide enterprises with low-latency interconnectivity between data centers, cloud platforms, and critical business applications. This will effectively strengthen Singapore’s role as a regional digital hub and offer efficient and secure access to data resources across Southeast Asia.

    What does the quantum-safe connectivity solution entail?
    Quantum-safe connectivity includes quantum-resistant encryption, post-quantum cryptography for future-proof data protection, and service orchestration for faster service provisioning and enhanced network agility.

  • Malaysia Tightens Digital Safety Nets: ID Checks and Under-16 Social Media Ban on the Horizon

    Malaysia Tightens Digital Safety Nets: ID Checks and Under-16 Social Media Ban on the Horizon

    Beginning in 2026, Malaysia will prohibit individuals under 16 years old from registering for social media accounts. Communications Minister Datuk Fahmi Fadzil emphasized this government initiative during a recent cyber scam awareness seminar, highlighting the goal to enhance online safety for minors. Consequently, from next year onwards, social media platforms will need to introduce identity verification procedures to confirm that their users meet the requisite age threshold.

    Global Safety Measures

    Fadzil clarified that this new regulation, which restricts social media usage for individuals younger than 16, is set to be implemented in Australia in the coming month. Malaysia will be monitoring the effectiveness of similar initiatives in other nations to inform the development of its own safeguards.

    This strategy forms an integral part of a wider campaign to guard Malaysian children under the Online Safety Act, which will take effect from January 1, 2026. Fadzil also advised parents to promote their children’s participation in outdoor activities to reduce their screen time on digital devices, while simultaneously supervising their usage of these technologies.

    Raising the Age Limit

    The Malaysian Cabinet resolved last month to increase the minimum age for social media users to 16, a rise from the formerly proposed age of 13. This decision also necessitates that social media platforms authenticate users’ ages during the registration process using official identification documents like the MyKad, passports, and MyDigital ID. Furthermore, the Cabinet debated the formation of a dedicated task force to detect issues impacting schools across the country.

    Prime Minister Datuk Seri Anwar Ibrahim also disclosed that the Cabinet is contemplating prohibiting smartphone usage for those under the age of 16.

    Questions & Answers

    What is the new minimum age for social media registration in Malaysia from 2026?

    The new minimum age for social media registration in Malaysia will be 16 years old from 2026.

    Why is the Malaysian Government introducing this regulation?

    The Malaysian Government is introducing this regulation to enhance online safety for minors, reducing their exposure to potential cyber threats.

    What measures will social media platforms need to take?

    Social media platforms will be required to implement identity verification measures during registration to confirm the age of users. This may involve the use of official identification documents such as the MyKad, passports, or MyDigital ID.

  • Harrods Ramps up Digital Strategy, Scaling Down Physical Presence in China

    Harrods Ramps up Digital Strategy, Scaling Down Physical Presence in China

    The iconic British department store Harrods has decided to scale back its physical presence in China. Its most significant move in this direction is the impending closure of its upscale hospitality spaces in Shanghai.

    Closure of Premium Spaces

    The Shanghai Tea Rooms and the ultra-exclusive private member club, The Residence, are scheduled to shut their doors in January. This move signifies the end of an era that began in 2020, initiated by an exclusive personal shopping concept that was only available via invitation.

    Both the Shanghai Tea Rooms and The Residence were designed with the intention of offering well-heeled Chinese customers a taste of classic British luxury. They were spaces where social, lifestyle, and retail experiences were effectively blended.

    Maintaining Presence through Other Channels

    Despite the closures, Harrods is not completely pulling out of China. The retailer aims to maintain its presence in the country by hosting exclusive pop-up events and activities. They also plan to continue their engagement with Chinese consumers through digital channels and by exploring local wholesale opportunities.

    Harrods has additionally discontinued its membership program, which was specifically designed for Chinese consumers. However, the retailer’s senior leadership is committed to supporting local partners and plans to conduct a series of visits over the next year.

    Earlier Developments

    In 2021, Harrods unveiled a second version of The Residence in Beijing. The brand then embarked on a partnership with The Opposite House, which is part of Swire Hotels’ Upper House Group, to launch The Harrods Residence Suite. This marked the opening of its first hotel suite in Asia.

    Questions & Answers

    Why is Harrods closing its hospitality spaces in Shanghai?

    Harrods is reducing its physical footprint in China and focusing more on digital channels, local wholesale opportunities, and exclusive pop-up events.

    Will Harrods completely withdraw from the Chinese market?

    No, despite the closure of some physical spaces, Harrods intends to maintain its presence in China through various channels and activities.

    What was the purpose of the Shanghai Tea Rooms and The Residence?

    These venues were designed to offer affluent Chinese customers a taste of traditional British luxury, blending elements of social, lifestyle, and retail experiences.

  • OCBC Revolutionizes Digital Banking: Integrates Top Southeast Asian Wallets, Targets 2.72 Billion User Base

    OCBC Revolutionizes Digital Banking: Integrates Top Southeast Asian Wallets, Targets 2.72 Billion User Base

    Singapore’s OCBC bank has significantly advanced its position in the regional payments sector by incorporating eight major Southeast Asian digital wallets into its banking app. This move has established the most inclusive bank-to-wallet ecosystem in the region, according to the bank.

    The decision, facilitated by an expanded partnership with Visa, is designed to simplify remittances, reduce expenses, and bring countless unbanked consumers closer to digital financial services. Now, OCBC customers in Singapore can directly transfer money to top wallets in Indonesia, Malaysia, the Philippines, and Vietnam.

    The recently integrated wallets include the Philippines-based Coins and GCash, Indonesia’s GoPay, LinkAja, and Ovo, Vietnam’s Momo, the Philippines’ PayMaya, and Malaysia’s Touch ‘n Go. This addition builds upon the previous year’s integration of Weixin Pay and Alipay, bringing the total number of wallets to ten. Collectively, these wallets represent a user base of nearly 2.72 billion.

    Addressing the Needs of Singapore’s Foreign Workforce

    This improvement directly tackles the most significant challenges in conventional remittances, namely speed, cost, and accessibility. OCBC points out that a large number of foreign workers still depend on cash agents or manual transfers.

    Through bank-to-wallet connectivity, either the workers or their employers can send funds instantly and without any fees, even if the recipients do not have a bank account or access to physical branches. OCBC anticipates high adoption rates among Singapore’s 1.6 million foreign workers.

    Initial Success: Quadrupled Transfers to China

    OCBC introduced wallet transfers to China a year ago and has since processed more than S$60 million through this feature. Cross-border transfers to China have increased fourfold, with 90% of users avoiding branch visits. Three-quarters of these users are PMETs, primarily Chinese nationals sending money home. This initial success set the groundwork for the current broader rollout across Southeast Asia.

    Visa Partnership to Expand Global Reach

    The expanded capabilities have been made possible by Visa Direct, which links nearly 11 billion endpoints worldwide, including over 3.5 billion digital wallets. According to Adeline Kim, Visa’s Singapore country manager, Visa Direct is helping to “bridge financial gaps”. Moreover, six out of ten Singaporean remittance users anticipate maintaining or increasing their overseas transfers this year.

    OCBC’s Global Ambitions

    Sunny Quek, OCBC’s head of global consumer financial services, has said that the bank is making good on its promise to extend beyond China. He said that “By connecting OCBC accounts to eight of Southeast Asia’s most popular wallets, we are removing friction from cross-border payments and making remittances faster, cheaper, and more inclusive.”

    He further revealed OCBC’s long-term plan to connect its customers to 50 wallets globally, which would make its app “the most comprehensive wallet access of any banking app”.

    Boosting OCBC’s Regional Digital Presence

    This development further solidifies OCBC’s standing as a leading regional financial institution. As one of the world’s most highly-rated banks and one of the largest financial groups in Southeast Asia, OCBC continues to invest in consumer banking innovation in the face of growing competition in the digital payments and fintech landscapes.

    Questions & Answers

    What new capabilities has OCBC Bank added to its banking app?
    OCBC has integrated eight major Southeast Asian digital wallets into its banking app, facilitating direct money transfers to top wallets in Indonesia, Malaysia, the Philippines, and Vietnam.

    What are the benefits of this integration for OCBC customers?
    This integration simplifies remittances, reduces costs, and allows for the instant and fee-free transfer of funds – even if the recipients don’t have a bank account or access to physical branches.

    What is OCBC’s long-term vision for its banking app?
    OCBC aims to connect its customers to 50 wallets globally, with the goal of offering the most comprehensive wallet access of any banking app.

  • Thailand Ignites Digital Economy: Unveils $3.1B Investment in Data Center Boom & Cloud Revolution

    Thailand Ignites Digital Economy: Unveils $3.1B Investment in Data Center Boom & Cloud Revolution

    Thailand is propelling its efforts to establish itself as a premier hub for digital infrastructure in Southeast Asia. This move follows the Board of Investment (BOI) granting approval for four new data center projects valued at THB 100 billion (USD 3.1 billion). The country is gearing up to more fiercely compete with Singapore and Malaysia, as the demand for artificial intelligence (AI) and cloud services is growing across the region.

    Details on New Projects

    The BOI has confirmed that two of the approved projects are hyperscale facilities designed to support AI workloads. NextGen Data Center and Cloud Services, a subsidiary of DAMAC Digital based in Dubai, plans to construct an 84-MW hyperscale data center in the Navanakorn Industrial Estate in Pathum Thani Province. This project is expected to require an investment of THB 26.7 billion (USD 826.42 million).

    Meanwhile, Zenith Data Center and Cloud Services, a local firm, will dedicate THB 54.9 billion (USD 1.7 billion) towards developing a 200-MW hyperscale facility in the same location.

    Telehouse (Thailand), which is a division of Japan’s KDDI Corporation, has set plans in motion to build a 12-MW data center adjacent to its existing facility in the Huai Khwang District of Bangkok. This expansion will be funded by an investment of THB 7.55 billion (USD 233.64 million).

    Lastly, Vistas Technology, a subsidiary of ZDATA Technologies based in China, will invest THB 9.9 billion (USD 306.39 million) to construct an 80-MW facility in the Amata City Chonburi Industrial Estate. This will mark the company’s second project to receive approval from the BOI.

    Thailand’s Digital Infrastructure Strategy

    Narit Therdsteerasukdi, the Chairman of the BOI, indicated that the approval of these projects underscores Thailand’s strategy to draw hyperscale operators and augment its world-class digital infrastructure. He stated, “The kingdom is actively positioning itself as a key Southeast Asian hub for hyperscale data centers. These approvals demonstrate our commitment to facilitating world-class digital infrastructure investment.”

    In addition to these approvals, the BOI has also issued six licenses to recommence data center projects that had previously stalled, which are collectively valued at USD 9.2 billion. The agency’s goal is to resolve delays associated with power availability, access to industrial land, and the processing of visas or work permits. Therdsteerasukdi affirmed that this action would bolster investor confidence and promote job creation and economic growth.

    Context and Outlook

    Thailand has been observing a surge in data center investment since 2024, with companies such as AWS, Google, Microsoft, and ByteDance announcing substantial commitments. During the first half of 2025 alone, the sector attracted a total of THB 521.2 billion (USD 16.13 billion) in approved investments spanning 28 different projects.

    Officials project that this latest development will significantly increase Thailand’s data center capacity. It is expected to sustain the rising domestic and regional demand for AI and cloud services, and strengthen the nation’s stand in Southeast Asia’s rapidly expanding digital economy.

    Questions & Answers

    What is the total value of the four new data center projects in Thailand?
    The total value of the four new data center projects in Thailand is THB 100 billion (USD 3.1 billion).

    Who are some of the major companies investing in data centers in Thailand?
    Some of the major companies investing in data centers in Thailand include NextGen Data Center and Cloud Services, Zenith Data Center and Cloud Services, Telehouse (Thailand), and Vistas Technology.

    What impact will these projects have on Thailand’s position in the digital economy of Southeast Asia?
    These projects will bolster Thailand’s position in the digital economy of Southeast Asia by increasing the country’s data center capacity and meeting the growing regional demand for cloud and AI services.