Connect with us

Media OutReach

GSM launches Xanh SM platform, officially distributes VinFast VF 3 and VF 5 electric vehicles in Laos

Published

on

VIENTIANE, LAOS – Media OutReach Newswire – 17 May 2025 – Green and Smart Mobility Joint Stock Company (GSM), the operator of Xanh SM – Southeast Asia’s first all-electric ride-hailing service – has officially launched the Xanh SM Platform in Laos. In tandem, GSM announced the official distribution of two electric vehicle models, the VinFast VF 3 and VF 5, in the country.

Mr. Nguyễn Văn Duy, First Secretary of the Vietnamese Embassy in Laos (third from the left), joined representatives of GSM and other distinguished guests in cutting the ribbon at the grand opening of the first VinFast store in Laos.

Laos is the second international market, following Vietnam, where GSM is deploying its comprehensive model that integrates electric vehicle distribution with eco-friendly ride-hailing services. This expansion marks a strategic milestone in GSM’s “Go Green Global” vision, underscoring its pioneering role in bringing Vietnam’s sustainable transportation model to the regional stage.

Following more than a year of successful operations in Vientiane, Vang Vieng, Savannakhet, and Champasak, Xanh SM has earned strong support from Laotian users. Millions have embraced the service, traveling over 8 million electric kilometers and collectively reducing carbon emissions equivalent to what 70,000 trees absorb in a year—highlighting the model’s compatibility with and impact on the local market.

Building on this foundation, GSM is now introducing the Xanh SM Platform – an open technology solution that empowers VinFast VF 5 owners in Laos to become ride-hailing partners and generate sustainable income.

With a highly competitive revenue-sharing model offering drivers up to 87% of fare income—among the highest in the Laotian market—the Xanh SM Platform not only ensures attractive earnings but also provides access to a large customer base through the Xanh SM ecosystem. Partners will benefit from comprehensive training programs aligned with international standards for green transport services.

Coinciding with the platform launch, GSM also opened its first VinFast showroom in Laos, located on Kaysone Phomvihane Road, Phakao Village, Xaythany District. The company officially introduced and commenced sales of the VinFast VF 3 and VF 5, with GSM serving as the exclusive distributor for VinFast vehicles in Laos.

The VinFast VF 5 is a compact urban SUV, ideal for service operations with its spacious interior, smart design, and optimized performance. It is listed at 450,297,000 Kip (approx. USD 20,690, VAT included). Customers placing deposits before May 31, 2025, will receive a direct discount of 9,794,000 Kip (USD 450) and enjoy 50% off charging fees for two years (until June 30, 2027). Alternatively, the charging benefit can be converted into a USD 1,000 cash discount on the vehicle price. This brings the total incentive package to 31,558,000 Kip (USD 1,450), lowering the effective cost to just 418,740,000 Kip (USD 19,240).

The VinFast VF 3 is a four-seat mini electric car designed for everyday personal use—perfect for young drivers and first-time car owners. The VF 3 is priced at 269,656,000 Kip (USD 12,390, VAT included). Early customers depositing by May 31, 2025, will receive a discount of 5,440,000 Kip (USD 250) and 50% off charging costs for two years (until June 30, 2027). Customers may also convert this benefit into a USD 250 cash deduction from the purchase price, bringing the total incentive value to 10,880,000 Kip (USD 500), reducing the effective price to around USD 11,890.

Mr. Nguyen Van Thanh, Global CEO of GSM, shared: “The launch of the Xanh SM Platform in Laos is not merely a market expansion—it represents a strategic export of a comprehensive sustainable development model where technology, environmental responsibility, and economic opportunity converge. We believe Vietnam is not only capable of producing green vehicles, but also of leading the global mobility transition. Xanh SM is living proof of that vision.”

The simultaneous launch of the Xanh SM Platform and the official distribution of the VF 3 and VF 5 in Laos further strengthens the presence of Vietnamese innovation on the global green mobility map. It also reflects GSM’s long-term commitment to supporting the Laotian people in building a modern, environmentally friendly, and sustainable transportation infrastructure.

Hashtag: #GSM #XanhSM

The issuer is solely responsible for the content of this announcement.

Media OutReach

Kinky Lizard Cafe Celebrates Major Milestone with the Opening of Its 10th Venue in Perth City

Published

on

PERTH, WESTERN AUSTRALIA – Media OutReach Newswire – 22 June 2025 – Kinky Lizard Cafe, one of Perth’s leading independent café groups, is proud to announce the opening of its 10th location at 94 Barrack Street, Perth WA 6000. This significant milestone marks a new chapter for the family-run brand, which has grown steadily since its inception in 2019.

Established in East Perth with a vision to make mornings better through quality coffee, nourishing food, and welcoming spaces, Kinky Lizard has expanded across Perth’s metropolitan area, with venues in suburbs including Applecross, Mosman Park, Karrinyup, and more.

“Our growth has been organic and community-driven,” said Emilie Kaasik of Kinky Lizard Cafe. “Each new store is a reflection of our values—fresh, made-to-order food, locally roasted coffee, and a warm environment where customers feel at home. Reaching 10 stores is a proud moment for our entire team.”

New Location in the Heart of the City

Situated in a high-foot-traffic area between Hay Street and Murray Street malls, the new Barrack Street outlet brings Kinky Lizard’s signature experience to Perth’s CBD. Surrounded by heritage buildings, laneways, office blocks, and retail precincts, the store is ideally positioned to cater to professionals, tourists, students, and local residents.

The café features a modern fit-out that complements its historic surroundings, with indoor and outdoor seating, plug-in-friendly workstations, and a menu that includes both dine-in and quick takeaway options.

Commitment to Local Values and Quality

Kinky Lizard Cafe is renowned for its commitment to sourcing high-quality ingredients, crafting house-made recipes, and serving premium, locally roasted coffee.

Each venue offers a consistent yet locally attuned experience, with brunch classics like popcorn chicken eggs benedict, brekkie bruschetta, and fresh cold-pressed juices prepared daily. From breakfast in East Perth to weekend brunch in Applecross, the Kinky Lizard offering is carefully curated to meet the needs of its diverse customer base.

Looking Ahead

As interest in local, authentic hospitality experiences continues to grow in Western Australia, Kinky Lizard Cafe is poised for further expansion while remaining true to its community roots. The group is focused on delivering memorable customer experiences, investing in staff training, and building deeper connections within each neighborhood it serves.

“With the opening of our Barrack Street café, we reaffirm our commitment to being more than just a place to grab coffee,” the spokesperson added. “We’re a part of the local fabric, and we look forward to serving Perth for many more years to come.”

Visit Kinky Lizard Barrack Street

Address: 94 Barrack Street, Perth WA 6000
Opening Hours: Monday to Friday, 6:30 AM – 3:30 PM | Saturday and Sunday, 7:00 AM – 3:30 PM
Website: https://kinkylizard.com.au
Hashtag: #KinkyLizardCafe


Continue Reading

Media OutReach

Bank of China (Hong Kong) x Television Broadcasts Limited (“TVB”) “Wealth Management Expo 2025” was successfully held

Published

on

Driving Economic Momentum, Leading Trends with Mega Events

HONG KONG SAR – Media OutReach Newswire – 21 June 2025 – The “Wealth Management Expo 2025”, powered by Bank of China (Hong Kong) (“BOCHK”) and organised by TVB under the theme of “Driving Economic Momentum, Leading Trends with Mega Events” has been successfully held today. The Expo has brought together leading figures from the government, business and financial sectors to provide in-depth analysis and share valuable insights into market trends through examining the international landscape, RMB internationalisation, the mega-event economy, as well as personal and business financial management.

Officiating guests – Mr. Paul Chan, GBM, GBS, MH, JP, the Financial Secretary of the HKSAR Government (Fourth Right), Miss Rosanna Law, JP, Secretary for Culture, Sports and Tourism (Third Left) and Mr. Stephen Chan, Deputy Chief Executive of BOCHK (Forth Left); together with other attending guests including Mr. Thomas Hui, JP, Executive Chairman of TVB (Third Right) and representatives from BOCHK.

The Expo was officiated by Mr. Paul Chan, GBM, GBS, MH, JP, the Financial Secretary of the HKSAR Government; Miss Rosanna Law, JP, Secretary for Culture, Sports and Tourism; and Mr. Stephen Chan, Deputy Chief Executive of BOCHK. Miss Rosanna Law also shared at the summit forum on how mega events catalyse Hong Kong’s economy. Other attending guests included Mr. Thomas Hui, JP, Executive Chairman of TVB and representatives from BOCHK.

Mr. Stephen Chan, Deputy Chief Executive of BOCHK, said in his opening speech, “As a leading commercial bank rooted in Hong Kong for over a century, BOCHK fully leverages its regional advantages and integrated offerings to continuously enhance operational capabilities while delivering high-quality services. Apart from actively promoting green finance and inclusive financial development, BOCHK drives continuous innovation in fintech, accelerating its digital transformation. The Bank is committed to supporting Hong Kong in reinforcing its position as a global offshore RMB business hub, while deepening cross-boundary financial business within the Guangdong-Hong Kong-Macao Greater Bay Area.”

Opening Forum: Experts Shared Insights on Outlook for RMB Internationalisation
The opening forum of the Expo, “Dissecting Economic Pulse and Exploring Opportunities in RMB Internationalisation,” featured Dr. Jianguang Shen, Vice President of JD.com; Dr. Rocky Tung, Director and Head of Policy Research for the Financial Services Development Council; Mr. Dong Tao, President of Spring Capital (Hong Kong) Limited and a renowned economist; and Mr. Jack Yang, RMB Business Executive Director of BOCHK, who engaged in an in-depth discussion on the various opportunities in the internationalisation of the RMB, including how enterprises can leverage the advantages of RMB settlement to reduce cross-border transaction costs, as well as the attractiveness of RMB-denominated assets and emerging investment opportunities in the international capital markets.

Summit Forum: Unleashed the Powerful Driving Force of the MegaEvent Economy
The Hong Kong SAR Government has been actively promoting the “Mega-event economy” in recent years, aiming to generate more business opportunities and attract more tourists through sports competitions, art exhibitions, large-scale international events and conferences. The speakers of the summit forum themed “Mega Events as Economic Catalysts: Synergy of Sports, Arts, Culture and Tourism” are Miss Rosanna Law, JP, Secretary for Culture, Sports and Tourism; Mr. Wilfred Ng, GBS, MH, JP, Chairman of the Major Sports Events Committee; and Prof. Douglas So, BBS, JP, Chairman of the Board of M Plus Collections Limited, Chairman of the Advisory Committee on Built Heritage Conservation. They conducted an in-depth analysis of the diverse opportunities created by mega events. The three speakers explored how mega events drive economic growth from multiple perspectives, and shared insights on recent preparations for organising sports mega events and their economic contributions, while emphasising the importance of participation and support from all sectors.

Five Thematic Workshops and Immersive Digital Experience Zone: Enriching Information and Experience
The Expo also held five thematic workshops, where several experts dissected the latest trends in the global economy and markets. Regarding global economic development, two fund workshops “Global Outlook of Asset Appreciation Potential in International Markets” and “From Asia to the World: Multi-Asset Allocation Strategies for Enhanced Returns” along with the cross-border workshop “Strategic Overview on Equity Markets and Economic Insights” emphasised the importance of focusing on Asia and global markets, empowering investors to grasp opportunities across different regions and industries to formulate prudent wealth growth strategies. The legacy planning workshop “Securing Wealth Legacy, Prosperity Across Three Generations” concentrated on planning wealth for the next generation, grounded in love and sheltered by insurance. In addition, the stock market workshop “Decoding the Stock Market: Sector Analysis and Trading Tactics” explored market trends, the AI boom and analysed the prospects of technology stocks.

To enrich participants’ experience, the venue also featured an immersive digital experience zone. Utilising an LED spherical display and a surrounded screen, the zone showcased three main themes in a one-stop format: anti-fraud, AI data applications and ESG. Participants can learn about BOCHK’s digital empowerment.

The “Wealth Management Expo 2025” concluded successfully with fruitful outcomes. Through a full day of engaging forums, workshops, digital experience zone and sponsored booths, BOCHK hopes that industry professionals, investors and the public gained insights into changes in the international environment and market opportunities, with a focus on the RMB internationalisation and the diverse opportunities brought by the Mega-event economy, while mastering the path to wealth growth and legacy.

Moses Chan Attended the Brand Launch Event and Shared Business Insights with Natalie Tong
BOCHK announced the extended collaboration with Private Wealth brand ambassador Moses Chan, appointing him as the premium family wealth management brand FamilyMAX & BOCHK Cross-Border GO star brand ambassador and BOC Life’s Star Product & Services Ambassador. Having founded a coffee brand years ago, Moses Chan’s “entrepreneur” identity has become as well-known as his acting career. Today, Moses Chan and Natalie Tong, popular Japanese bakery brand co-founder, Best Actress and Business Banking brand ambassador, appeared at the “Dialogue with the Best Actor and Actress” to share how to balance multiple roles as actors and owners of catering business. They also discussed how to utilise financial knowledge and leverage professional teams and fintech services to enhance personal and business wealth management efficiency.

Hashtag: #WealthManagementExpo2025

The issuer is solely responsible for the content of this announcement.

Continue Reading

Media OutReach

Octa’s oil outlook: Middle East tensions threaten global supply

Published

on

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 21 June 2025 – Crude oil, which is arguably the world’s most important commodity, is on everybody’s mind right now. The flared up conflict in the Middle East is increasing risks of a major oil supply shock, potentially pushing the price of ‘black gold’ into the stratosphere and completely derailing the global economy. In this article, Octa, a global retail broker, shares its expert opinion on the unfolding situation and outlines possible scenarios for the global oil market.

As it often happens, the market started to price in the possibility of a new conflict in the Middle East well in advance. On 11 June, oil prices rose more than 4% after reports surfaced that the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns in the region. Two days later, Israel and Iran exchanged airstrikes, pushing both Brent and West Texas Intermediate (WTI), the world’s two major oil benchmarks, to five-month highs as investors anticipated potential supply disruptions from an open conflict. To this day, the conflict continues without resolution and oil prices remain elevated even as there are some telltale signs that the parties may be willing to negotiate.

‘This burgeoning unrest introduces an unprecedented degree of volatility, significantly amplifying the specter of a catastrophic oil supply shock’, argues Kar Yong Ang, a financial market analyst at Octa broker, adding that the conflict between Israel and Iran ‘carries ominous potential to propel crude prices to unprecedented levels, thereby unleashing a cascade of detrimental effects that could, in the most dire of scenarios, cause a major global economic crisis’.

Indeed, the Middle East in general and Iran in particular play a pivotal role in global energy markets. A substantial portion of the world’s crude oil and liquified natural gas (LNG) is produced and exported in this region. Iran itself, despite the existing sanctions on exports, remains an important supplier of oil—notably, for China. Furthermore, a vast number of ships carrying crude oil and LNG transit through the Strait of Hormuz, a narrow yet vital chokepoint that Iran has repeatedly threatened to close. Should Iran act on this threat and block the strait, the repercussions would be quite severe, likely pushing global crude oil prices well above $100 per barrel, or even higher, due to the significant disruption of supply.

Technically, if we look at a broader, long-term picture, WTI crude oil seems to be moving sideways with a minor bearish tilt. On a daily chart (see below), the price still has not escaped from the bearish parallel channel. However, due to the latest geopolitical news, the price has managed to rise above the 200-day moving average (MA) and seems poised to break above the critically important 77.60-78.00 area.

‘Breaching the $80 handle should not be difficult if the current situation deteriorates sharply’, says Kar Yong Ang. ‘Continuing destruction of oil infrastructure in Iran, potential U.S. involvement in the war, countries’ unwillingness to negotiate and, above all else, Iran’s attempts to block the Strait of Hormuz, all of this will have a bullish impact on prices’. Indeed, a break above 80 level, would open the way towards 83.40, 85.20, 87.30, and 90.00 area.

Alternatively, in case the hostilities moderate somewhat, other countries—particularly the U.S.—refrain from directly participating in the conflict, and both Israel and Iran express willingness to negotiate, bearish sentiment will immediately kick in. ‘I think WTI oil may lose as much as 5 dollars per barrel in the blink of an eye should we see some progress in nuclear negotiations between Europeans and Iranians, which are due to commence in Geneva this Friday’, concludes Kar Yong Ang. In this scenario, a break below 71.50 level would allow bears to target 67.80, 64.80 and 61.70.

Overall, WTI crude price is now stuck in a broad range between $70 and $80. The move above and below these two levels will essentially indicate if the situation in the region is getting worse or is getting better. The chart below shows potential bullish and bearish targets, marked in green and red, respectively.

NYMEX light sweet crude oil (WTI) daily chart
Source: TradingView, Octa analysis and calculations
Source: TradingView, Octa analysis and calculations

___

Disclaimer: This press release does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences.
Hashtag: #Octa

The issuer is solely responsible for the content of this announcement.

Octa

is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.

In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Continue Reading

Trending

https://businesspost.ng/DUIp2Az43VRhqKxaI0p7hxIKiEDGcGdois8KSOLd.html