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Green and Smart Mobility Joint Stock Company has launched the Philippines' first all-electric taxi service, operating in 10 cities of Metro Manila with a fleet of VinFast Nerio Green vehicles. This initiative aims to provide zero-emission transport for the region's 13 million residents, utilizing AI-driven tools for safety and efficiency. The competitive landscape is intensifying, with Grab also introducing electric taxi services, highlighting a significant shift towards electrification in the transport sector amid growing consumer awareness. Despite challenges like higher upfront costs and the need for charging infrastructure, electric taxis offer lower running costs and reduced maintenance, making them an attractive option for operators.
Erajaya, a family-owned retailer known for smartphones, is entering the electric vehicle market through a partnership with Chinese EV maker Xpeng, aiming to leverage its retail expertise and connections in Indonesia. Meanwhile, SCI Ecommerce has appointed Lazada co-founder Magnus Ekbom as CEO and acquired his AI startup, SEAI Technologies, to enhance its cross-border ecommerce strategy with AI and automation.
S&P Global identifies India and Vietnam as crucial markets to mitigate risks associated with US tariffs on personal computer and smartphone production. This strategic focus highlights the growing importance of these countries in the global tech supply chain.
VPBank has launched a salary payment service package that includes unemployment insurance of up to VND 500 million per employee, developed in partnership with MSIG Vietnam. This initiative aims to support companies, especially SMEs, by providing financial incentives and benefits for employees, including free online transfers and salary advances. The package also offers various attractive financial solutions, enhancing cash flow management for businesses while motivating their workforce.
VPBank has launched a salary payment service that includes unemployment insurance for employees, offering coverage of up to VND 500 million per year. This initiative, in collaboration with MSIG Vietnam, aims to support small and medium-sized enterprises by providing financial incentives and benefits for both companies and their employees, including free salary account maintenance and attractive loan options. The service is designed to enhance employee loyalty while helping businesses manage cash flow effectively.
The Philippine Blockchain Industry Report 2025 reveals a shift from cryptocurrency and gaming to broader applications like remittances, decentralized finance, and data security. While 74% of Filipinos trust blockchain security, only 28% are familiar with Web3, highlighting a significant educational gap. The report emphasizes the need for regulatory expansion, public-private partnerships, and improved blockchain literacy to support the country's digital transformation goals.
VinFast reported a 149.9% increase in Q1 2025 revenue, totaling 16,306.4 billion dong (US$656.5 million), despite a net loss of 17,693.8 billion dong (US$712.4 million), up 15% from the previous year. The company delivered 36,330 EVs, a 296% year-on-year rise, and is focusing on expanding in Asia while diversifying its product offerings to meet the needs of emerging markets.
Geely, China's second-largest carmaker, has paused new plant construction to address global overcapacity and intense price competition in the automotive sector. Despite a challenging market, the company reported a 32% increase in vehicle deliveries and a 52% rise in net profit, driven by a strategic focus on international sales and a multi-energy approach. As domestic competition intensifies, Geely's pivot towards exports and localized manufacturing aims to enhance profitability and mitigate risks.
AI-generated content is facing skepticism in Southeast Asia, with backlash against AI hosts in Indonesia and the Philippines highlighting concerns over job security in journalism. Despite this, Meta plans to launch AI tools for ad creation by 2026, targeting small businesses but risking further alienation of consumers who prefer human-generated content. A recent survey shows a majority of respondents want brands to limit AI adoption to preserve jobs, yet companies continue to integrate AI into their operations.
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