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Citi Completes Landmark Fiat-to-Digital Currency Payment Settlement Workflow Trial with Swift

Successful Trial Advances Digital Asset Interoperability

HIGHLIGHTS

  • In a landmark trial, Citi and Swift proved it’s possible to settle payments between fiat and digital currencies in a Payment-versus-Payment workflow.
  • The trial demonstrates a powerful hybrid model for interoperability between traditional financial systems and Distributed Ledger Technology networks.
  • The initiative underscores Citi’s commitment to delivering innovative, client-centric and scalable solutions for the digital asset ecosystem.

SINGAPORE, Nov. 14, 2025 /PRNewswire/ — Citi and Swift today announced a landmark trial that proves the feasibility of settling payments between fiat and digital currencies, in a Payment-versus-Payment (PvP) workflow.

The trial demonstrates a powerful hybrid model for interoperability between traditional financial systems and Distributed Ledger Technology (DLT) networks.

This was achieved by leveraging existing Swift infrastructure, which was seamlessly augmented with institutional-grade blockchain connectors, orchestrators and smart contracts.

“These trials with Swift represent a significant leap forward in understanding and developing infrastructure required to support digital currency transactions,” said Ayesa Latif, Head of FX Products. “Our collaboration has demonstrated how existing financial systems can be enhanced with blockchain technology to unlock new levels of speed, transparency, and risk reduction in cross-currency settlements.”

Jonathan Ehrenfeld, Head of Strategy at Swift, said: “Swift is uniquely positioned to be the secure and trusted single point of access for seamless connection between the tokenized ecosystems and the established global financial community. This collaboration with Citi proves that we can leverage the reach of our existing network while introducing advanced capabilities required to orchestrate fiat-digital currency PvP.”

The initiative underscores Citi’s commitment to delivering innovative, client-centric, and scalable solutions for the digital asset ecosystem.

The trials mark a significant milestone towards the development of market-ready solutions that can be scalable, standardized and integrated into global financial systems.

Advancing Digital Asset Interoperability and Mitigating Settlement Risk
The rapid growth of digital currencies, such as tokenized deposits and stablecoins, presents an unprecedented opportunity to revolutionize cross-border payments and financial infrastructure.

For stablecoins, Citi GPS has projected that total issuance market could reach USD1.9 trillion by 2030, driven by expanding use cases and increasing regulatory clarity. While stablecoin transaction volume is approaching USD1 trillion a month according to the report, they predominantly serve as an intermediary. Consequently, recipients of stablecoins – which are primarily US dollar denominated – often choose to exchange them for local fiat currency. 

Despite this demand, settlement between both fiat and digital currencies such as stablecoins remains challenging as they are fundamentally different in nature. Unlike fiat currencies that are typically held within accounts at correspondent banks, digital currencies are held by user wallets on various blockchains and generally do not allow for reversible transactions.

While FX messaging standards, such as MT30X, have been designed to identify digital assets and confirm FX deals on them, they are not meant to instruct synchronized settlement between fiat and digital currencies. The initiative between Citi and Swift aims to address this issue.

How it Works: Novel PvP Approach
Citi and Swift designed a holistic messaging standard capable of tracking the end-to-end process, from trade initiation to settlement confirmation.

This standard uniquely accounts for the distinct data fields and characteristics inherent in fiat-digital currency transactions.

The solution also incorporated an escrow mechanism to overcome the challenge of irreversible blockchain transactions, while ensuring PvP settlement and eliminating settlement risk of both parties.

A central orchestrator further managed the sequenced exchange of messages, coordinating between the fiat and DLT legs to ensure synchronization and finality. In the trial, Citi also utilized test USDC tokens from Circle on the Ethereum Sepolia testnet, to simulate a near-production environment.

Citi and Swift will continue to refine the approach in collaboration with the broader financial community and establish the messaging and operational standards necessary for scalable, institutional-grade digital asset transactions.

*Payment versus Payment (PvP): While this mechanism mitigates settlement risk by ensuring both currency legs settle, the current implementation is not atomic. This is because the workflow spans two distinct technologies, meaning the payments are synchronized but not executed as a single indivisible transaction.

About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi 

Media Contact:

Ho Kai Feng     kai.feng.ho@citi.com

SG Coatings Introduces Maintenance Packages for Long-Lasting Paintwork on the Mornington Peninsula

Female-led painting company launches new service to protect homes and businesses from coastal wear and maintain premium finishes. 

MELBOURNE, Australia, Nov. 14, 2025 /PRNewswire/ — SG Coatings, a trusted residential and commercial painting company on the Mornington Peninsula, has launched its new Maintenance Packages, giving both homeowners and businesses an easier way to protect their paintwork and keep their properties looking freshly finished year-round.

The new packages help clients maintain the quality and appearance of their property between full repaints. Each includes a range of professional maintenance options such as scheduled inspections, touch-ups and cleaning of painted surfaces. All essential services for homes and buildings exposed to salt air, strong sun and coastal weather.

SG Coatings Founder and Managing Director Sophie Grover, says the idea came directly from conversations with clients who wanted a more proactive way to care for their investment.

“Many of our clients love the transformation a professional paint job brings, but the Peninsula’s conditions can be tough on exterior finishes,” said Grover. “Our Maintenance Packages take the stress out of upkeep, providing peace of mind that we’ll handle everything, from early wear checks to touch-ups, before problems appear. There’s no management from the client involved, we schedule regular checks and rectify accordingly.”

Known for its premium painting services, SG Coatings has become one of the most recognised painting companies on the Mornington Peninsula. Every project is completed by a local, qualified female-led team committed to exceptional workmanship, clean worksites and open communication.

With an emphasis on detail, communication and care, SG Coatings brings a woman’s touch to every project, appealing to clients seeking a more personal and reliable experience. From tailored colour consultations to high-end interior and exterior finishes, SG Coatings delivers unmatched craftsmanship and care to every home and business it transforms.

The new Maintenance Packages extend that same promise of quality, helping home and property owners protect their investment and enjoy a lasting finish for years to come.

About SG Coatings

SG Coatings is a female-led painting company based on the Mornington Peninsula, offering premium residential and commercial painting, colour consultation and maintenance services. Founded by Sophie Grover, the company is known for exceptional workmanship, professionalism and lasting results that elevate homes and businesses across the Peninsula.

A Rendezvous with French Cinema: The 41st vOilah! French Film Festival Returns to Singapore

  • Organised by the Embassy of France in Singapore, and co-presented by Alliance Française de Singapour and Shaw Organisation.
  • Preferential rates for students and senior citizens for screenings at Shaw Theatres Lido, Shaw Theatres PLQ and Alliance Française de Singapour
  • The 2025 edition will screen over 30 films spanning action, drama, comedy, literary adaptation and family animation.

SINGAPORE – Media OutReach Newswire – 14 November 2025 – The magic of French cinema returns to captivate audiences once again as vOilah! French Film Festival brings its 41st edition to screens across Singapore from 13 to 30 November 2025. This year’s festival spotlights stories of courage, imagination and human connection, a reflection of how French filmmakers continue to illuminate universal experiences through their craft.

“Cinema remains a vital pillar of our cultural partnership, reflecting the enduring strength and shared aspirations of France and Singapore,” said Mr Stephen Marchisio, Ambassador of France to Singapore. “Beyond the screen, every edition of this festival is the result of a shared commitment, a partnership between our countries that thrives on creativity, dialogue and trust. Through films, we exchange ideas, celebrate our diversity, and discover how our stories resonate across cultures. The 41st edition of vOilah! is not only a celebration of French artistry, but also of the enduring bond between our nations and the belief that culture remains one of the strongest bridges between people.”

Echoing this celebration of cross-cultural friendship, festival partner Shaw Organisation continues to champion the belief that cinema transcends language, connecting people through stories that inspire reflection and understanding.

“French films have a unique way of capturing the human spirit, revealing how art can bridge worlds and spark understanding,” said Christopher Shaw, Executive Vice-President at Shaw Organisation. “We hope this year’s festival with its thoughtfully curated programme will not only entertain, but also inspire reflection, imagination and conversation long after the credits roll.”

From Page to Screen: Where Stories Take Flight

French cinema’s enduring relationship with literature takes centre stage in this year’s selection, transforming acclaimed novels and real events into moving, cinematic experiences.

13 Days 13 Nights (13 Jours 13 Nuits), directed by Martin Bourboulon, adapts Commander Mohamed Bida’s memoir 13 jours, 13 nuits dans l’enfer de Kaboul into a gripping political thriller. Roschdy Zem delivers a commanding performance as Bida, leading a team of French officers in a tense 13-day evacuation during the fall of Kabul, alongside Lyna Khoudri as a young Franco-Afghan humanitarian and Sidse Babett Knudsen as an American journalist caught in the chaos. Premiering at the Cannes Film Festival 2025, the film captures both the adrenaline and humanity behind one of the decade’s defining moments.

Alongside this film, four other adaptations further highlight the creative dialogue between literature and film. Dog 51 (Chien 51), Little Amélie or the Character of Rain (Amélie et la Métaphysique des Tubes), Dalloway, and The Great Arch (L’Inconnu de la Grande Arche) each reinterpret their source material in strikingly different ways, from childhood introspection and psychological tension to architectural ambition. Together, these five films underscore how French cinema continues to breathe visual and emotional life into the written word.

Into the Unknown: French Cinema and the Art of Science Fiction

Expanding on the festival’s focus with imaginative storytelling, this year’s line-up also ventures into the realm of science fiction, a genre through which French cinema continues to explore the boundaries of technology, identity and existence itself.

Featured in the Mostra Internazionale d’Arte Cinematografica, la Biennale di Venezia 2025 and based on Laurent Gaudé’s science fiction novel is Dog 51 (Chien 51), directed by Cédric Jimenez. The film throws viewers into a dystopian Paris divided by class and controlled by a predictive AI. Gilles Lellouche and Adèle Exarchopoulos headline this noir-tinged thriller, blurring the line between surveillance and freedom.

Building on the futuristic intrigue of Dog 51 (Chien 51), Dalloway, directed by Yann Gozlan and starring Cécile de France and Mylène Farmer, delves into the unsettling relationship between creator and creation as a novelist turns to artificial intelligence for inspiration, only to find her own autonomy slipping away.

In Alpha, by Julia Ducournau, a haunting mother–daughter drama unfolds against a disquieting new reality, blurring the lines between body, transformation and control. Another must-see is The Incredible Shrinking Man (L’Homme qui Rétrécit), where Jan Kounen reimagines a classic existential tale, following Jean Dujardin as an ordinary man confronting a vast and perilous world after an inexplicable occurrence changes him forever. Together, these films showcase French cinema’s boldness in using science fiction not for spectacle alone, but as a look into the human condition.

La Magie du Cinéma: Stories for All Ages

From whimsical adventures to tender tales of friendship, the festival offers films for the whole family, reminding us that the joy of storytelling transcends age. Whether it’s a child’s first encounter with the silver screen or a parent’s nostalgic return to the cinema, this year’s line-up promises shared laughter, wonder, and a renewed love for film.

Audiences young and old can embark on adventures with Moon the Panda (Moon le Panda), directed by Gilles de Maistre, where 12-year-old Tian (played by Noé Liu Martane) befriends a lost panda cub in the misty mountains of China. With performances by Sylvia Chang, Liu Ye and Alexandra Lamy, the film is a heartwarming testament to courage and empathy.

Another unmissable family film is Little Amélie or the Character of Rain (Amélie et la Métaphysique des Tubes), directed by Maïlys Vallade and Liane-Cho Han. The film, which won the Public’s Choice Award at Annecy 2025, follows a young Belgian girl growing up in Japan as she discovers joy and heartbreak through the eyes of innocence.

History and Portraits of Influence

Several titles reinterpret real figures and historic moments through a distinctly French lens. The Great Arch (L’Inconnu de la Grande Arche), directed by Stéphane Demoustier and starring Claes Bang and Sidse Babett Knudsen, reconstructs the monumental creation of La Grande Arche de la Défense – the modernist symbol of Parisian ambition commissioned by President François Mitterrand. At its core lies the portrait of a visionary architect torn between idealism and the weight of politics, driven by a relentless pursuit of perfection. It’s a film about art, power and human conviction, echoing the spirit of innovation and resilience that defines French architectural history.

Other key screenings exploring the strength and complexity of the human spirit include The Richest Woman in the World (La Femme la Plus Riche du Monde) by Thierry Klifa, starring Isabelle Huppert as an elusive billionaire whose immense fortune masks a life of rivalry, desire and fragile vulnerability. In contrast, Muganga, The One Who Treats (Muganga, Celui Qui Soigne) by Marie-Hélène Roux pays tribute to Dr Denis Mukwege, the Congolese surgeon and Nobel Peace Prize laureate celebrated for his compassion and moral courage. Both films offer powerful portraits of resilience; individuals defined not by circumstance, but by the choices that reveal their deepest humanity.

France on the Big Screen: A Window into Life in France

Prepare to be whisked away by films that capture France’s essence. This selection of titles transports audiences through France in all its moods and colours, from the glamour of Parisian runways to the quiet corners of small towns.

Couture (Coutures), by Alice Winocour, features Angelina Jolie, Anyier Anei, Ella Rumpf and Garance Marillier in a moving intersection of glamour and mortality. Set amid the frenzy of Paris Fashion Week, it weaves together the stories of three women, a filmmaker, a model and a makeup artist whose paths collide in moments of vulnerability and solidarity.

The time twisting tale, Colours of Time (La Venue de l’Avenir), from Cédric Klapisch, bridges centuries in a lyrical drama about family, art and the legacy of memory. Premiering at the Cannes International Film Festival, it features Cécile de France and Vincent Macaigne, telling the story of a contemporary inheritance story with a 19th-century Parisian odyssey, a poetic dialogue between generations.

Bringing the Richness of French Cinema Closer to Everyone

To make French cinema accessible to everyone, the festival is once again partnering with People’s Association to bring PG-rated screenings beyond traditional theatres to community clubs, integrated community hubs and other public spaces. In partnership with Sentosa Development Corporation, open-air screenings will also take place at Palawan Beach. These initiatives continue a long-standing tradition of bringing stories to where people gather, transforming everyday spaces into cinemas. Through these free and family-friendly screenings, vOilah! extends the joy of French storytelling to new audiences across generations, fostering connection, curiosity and a shared love of film in the heart of Singapore’s communities.

Students and senior citizens can also enjoy preferential ticket rates for screenings at Alliance Française and Shaw Theatres, ensuring that French cinema remains within reach to audiences of all ages. With tickets priced at $11 (standard tickets at $16, and $14.50 for Alliance Française and Singapore Film Society members), the festival continues its commitment to making the magic of cinema available to all.

French Talents Lighting up Singapore

Festival audiences can look forward to special appearances by acclaimed guests including Gilles de Maistre (director of Moon the Panda) and Garance Marillier (star in Couture).

They will attend selected screenings, Q&A sessions and workshops, offering Singaporean audiences an intimate glimpse into the artistry and inspiration behind their films.

Schedule a Rendezvous with French Cinema

The 41st vOilah! French Film Festival warmly invites you to experience the magic of French cinema, its passion, artistry and heart. Be sure to catch this year’s diverse line-up of films, from powerful real-life dramas to uplifting family tales, and immerse yourself in stories that remind us why cinema continues to inspire, connect and move us all.

Details of all the films for vOilah! French Film Festival 2025 can be found here.

For ticketing and more information on the vOilah! French Film Festival 2025, please refer to voilah.sg.

To access and download vOilah! French Film Festival 2025 pictures, please visit vOilah! French Film Festival 2025 Images

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About the 41st vOilah! French Film Festival

From 13 to 30 November 2025, the vOilah! French Film Festival returns for its 41st edition, proudly presented by the Embassy of France in Singapore in collaboration with local distributors, partners, and cultural institutions. This year’s festival features over 30 films, from gripping true stories and powerful literary adaptations to heartwarming family adventures that showcase the creativity and diversity of contemporary French cinema.

As Singapore’s longest-running foreign film festival, vOilah! continues to be a cornerstone of the nation’s cultural calendar, a platform that celebrates not only the artistry of French storytelling, but also the enduring friendship between France and Singapore. Through the universal language of film, the festival invites audiences to share in the spirit of discovery, connection and imagination that defines both nations.

Digital Nomads Rejoice: Agoda’s Top Picks for Remote Work in Asia

SINGAPORE, Nov. 14, 2025 /PRNewswire/ — Digital travel platform Agoda has released a curated list of top destinations in Asia for travelers seeking to work remotely. As the trend of digital nomadism continues to grow, more individuals are embracing the opportunity to work from anywhere, seeking environments that foster both personal growth and productivity. These destinations enable travelers to accomplish their goals while immersing themselves in new cultures and experiences.

Asia’s vibrant mix of landscapes and cultural treasures makes it an excellent choice for those eager to blend work with travel. From the buzz of a big city to the calm of a historic town, travelers can choose from countless settings that will inspire fresh perspectives and creative breakthroughs.

Here’s Agoda’s curated list of Asian destinations that promise both productivity and adventure:

  1. Da Nang, Vietnam
    Da Nang is a coastal city known for its beautiful beaches and friendly locals. With a burgeoning tech scene and a variety of co-working spaces, it’s an attractive destination for remote workers. With the Marble Mountains and ancient town of Hoi An just a short trip away, travelers will be perfectly placed to discover local culture.
  2. Gyeongju, South Korea
    Known as “the museum without walls,” Gyeongju offers a unique combination of historical charm and modern convenience. Remote workers can find inspiration in its ancient temples and royal tombs while enjoying the city’s efficient infrastructure and connectivity. The serene environment is perfect for those seeking a peaceful work setting.
  3. Kaohsiung, Taiwan
    As Taiwan’s second-largest city, Kaohsiung boasts a thriving arts scene and stunning waterfront views. The port city’s numerous parks and cultural landmarks, such as the Fo Guang Shan Buddha Museum, offer plenty of opportunities for exploration. Its growing number of co-working spaces makes it a convenient choice for digital nomads.
  4. Kanchanaburi, Thailand
    Set in the lush landscapes of western Thailand, Kanchanaburi offers a tranquil escape for remote workers. The city is famous for the historic Bridge over the River Kwai and its stunning natural parks. It’s an ideal spot for those looking to balance work with outdoor adventures.
  5. George Town, Malaysia
    George Town, located on the island of Penang, is a captivating mix of cultural heritage and contemporary life, making it an ideal spot for remote work. Travelers can explore its historic streets, recognized as a UNESCO World Heritage site, and indulge in the area’s renowned street food. The city’s co-working spaces and cafes are perfect for focused work sessions.
  6. Osaka, Japan
    Osaka is a bustling metropolis known for its modern architecture, lively nightlife, and delicious cuisine. The city’s efficient public transport and numerous co-working spaces make it a convenient base for remote work. Travelers can explore cultural landmarks like Osaka Castle and the bustling Dotonbori district, or visit the ever-popular Universal Studios theme park.

Jun Dong, Associate Vice President at Agoda shared, “Working remotely doesn’t mean you have to miss out on adventure. With Agoda’s great deals, you can set up your office in some of Asia’s most beautiful destinations. Whether you’re seeking inspiration from a bustling city or the tranquility of nature, Agoda makes it easy to find the perfect spot to work and explore.”

For those planning a remote work trip, Agoda offers over 6 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all of which can be combined in the same booking. Find the best deals on its mobile app and discover more at Agoda.com.

 

Dorsett 26 Hours: Dorsett Hotels Go the Extra Mile for Guests and Community


HONG KONG SAR – Media OutReach Newswire – 14 November 2025 – At Dorsett Hotels, we believe in giving our guests the gift of time with our exclusive Dorsett 26 Hours offering. When you book directly with us, you can enjoy a full 26 hours from check-in to check-out. For example, if you check in at 4pm, you can check-out at 6pm on your departure day – giving guests more time to discover and create memorable experiences.

Dorsett 26 Hours: Dorsett Hotels Go the Extra Mile for Guests and Community

In the same spirit of generosity, Dorsett Hotels recently hosted the Dorsett 26 Hours Global run for charity, a 26-hour continuous treadmill run across its hotels worldwide. Starting on November 5 and concluding on November 6, Dorsett Melbourne, Dorsett Singapore, Dorsett Changi City, Dorsett Kuala Lumpur, Dorsett Grand Subang, Dorsett Chengdu, Dorsett Shepherds Bush, Dorsett Tsuen Wan, Dorsett Kai Tak and Dorsett Wanchai took turns running to raise funds for a local charity of their choice.

Participants included hotel staff from every department – chefs, housekeeping, front office teams – as well as guests. The Dorsett run brought together almost 400 participants globally, raising over HKD70,000 for charity in just 26 hours.

One of the most memorable moments came when a DHL crew member ran 20 minutes at Dorsett Melbourne before checking out, then flew to Hong Kong to join the run at Dorsett Wanchai the next morning. It was a beautiful reminder of how far a spark of inspiration can travel – and a testament to the Dorsett Stay Vibrant spirit which energises our teams and community to go the extra mile.

“The world may run for 24, but Dorsett runs for 26,” said Ms. Anita Chan, Senior Vice President of Global Brand Marketing and Innovation & Technology. “Just as we give our guests extra hours to enjoy their stay, our teams dedicate their time and energy to make a positive impact for our communities.”

Hashtag: #DorsettHospitalityInternational

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About Dorsett Hospitality International  

Dorsett Hospitality International is one of the fastest-growing hotel groups in Asia with 52 properties in 21 major cities across Mainland China, Hong Kong, Australia, the United Kingdom, Malaysia, Singapore, Japan and Continental Europe. Our four core brands – Dorsett Hotels, Dao by Dorsett, d.Collection and Silka Hotels – aim to provide exceptional guest experiences while making positive impacts in our local communities. To learn more, visit:

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

Lao state fuel company to become public-private

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into a public–private joint venture as part of its broader overhaul of major state-owned enterprises, according to a report presented to the National Assembly on 13 November.

Officials detailed the reform plan during the 10th Ordinary Session of the 9th Legislature of the National Assembly (NA), held from 10 to 21 November. The report states that LSFC is currently seeking partnerships with financially capable private investors to improve operational efficiency and strengthen its financial position.

Under the proposed structure, the government will retain at least a 51 percent stake to maintain majority control and protect national interests.

To guide the transition, authorities are selecting a reputable international consulting firm, such as KPMG, Deloitte, PwC, or EY, to advise on operational planning and asset valuation.

The initiative is a priority within the government’s wider reform agenda aimed at improving management practices and addressing persistent financial losses across state-owned enterprises.

Officials have identified three other entities slated for similar restructuring: Electricité du Laos (EDL), Lao Airlines, and Nayoby Bank.

On 10 November, during the opening day of the NA session, the government also confirmed that China’s Commercial Aircraft Corporation of China (COMAC) will acquire a 49 percent stake in Lao Airlines, while the state retains 51 percent. The national carrier currently operates two COMAC C919 aircraft, delivered in late March and early September.

PTT Lubricants Sets Global Benchmark with API SQ-Certified Oils, Expands Beyond Asia into Africa and the Middle East


BANGKOK, THAILAND – Media OutReach Newswire – 14 November 2025 – PTT Lubricants, the flagship lubricant brand under PTT Oil and Retail Business Public Company Limited (OR), is stepping onto the global stage with the launch of Thailand’s first engine oil certified under the latest API SQ / ILSAC GF-7A standard—a milestone that positions Thailand as a rising innovation in the international lubricant market.

PTT Lubricants Sets Global Benchmark with API SQ-Certified Oils, Expands Beyond Asia into Africa and the Middle East

The newly launched PERFORMA SUPER SYNTHETIC 0W-20, developed with proprietary EVOTEC technology, meets the world’s most stringent benchmarks for engine protection. API SQ / ILSAC GF-7A certification ensures improved wear resistance, deposit control, and compatibility with ethanol fuels, while aligning with Euro V emission standards—making it a strategic solution for both eco-conscious drivers and OEMs.

“Being the first in Thailand to achieve API SQ certification marks more than a product milestone—it signals Asia’s ability to set new standards for sustainable mobility,” said MR. RACHA U-THAICHAN Senior Executive Vice President, Lubricants Business. “We are redefining what lubricant innovation from Thailand can deliver to global markets.”

With Thailand recognized as a global automotive production hub—1.88 million vehicles produced and over 1 million exported in 2022—PTT Lubricants is using its home base as a springboard for worldwide growth. Already a leader with 30% market share in Thailand and ranked as the nation’s No.1 lubricant brand for 13 consecutive years, the company is now scaling aggressively across high-growth markets.

Its footprint covers all ASEAN economies—Indonesia, Vietnam, Cambodia, Laos, the Philippines, Malaysia, Singapore, Myanmar, Brunei, as well as Taiwan, while new strategic moves are extending reach into Africa and the Middle East, where demand for high-performance lubricants is surging alongside rapid infrastructure growth.

PTT Lubricants also continues to strengthen global partnerships, including a long-standing alliance with Total Lubmarine, enabling supply of marine lubricants to more than 1,000 ports worldwide.

Unlike traditional approaches that frame sustainability through corporate projects, PTT Lubricants embeds its climate strategy directly into its products. By engineering lubricants that extend engine life, improve fuel efficiency, and reduce carbon output, the brand contributes to lowering environmental impact across diverse markets.

Founded over 30 years ago as a local Thai enterprise, PTT Lubricants has evolved into a regional leader exporting to more than 40 countries. Today, it is positioning itself not just as a supplier but as a global standards setter in lubricant technology.

“With API SQ-certified products, we are ready to serve every gasoline engine model of passenger vehicles, every road, every region,” said RACHA. “Our ambition is clear: to ensure that PTT lubricants meet international standards and establish global recognition.”

Hashtag: #OR #PTTLubricants

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About OR

PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Station, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia’s largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 400 PTT Stations and Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation.

Genspark Joins Forces with AWS to Deliver the Next Generation Agentic AI Experiences for Users Worldwide


HONG KONG SAR – Media OutReach Newswire – 14 November 2025 – Genspark, a leading startup that builds general-purpose AI agents and serves more than 20 million users worldwide, has selected Amazon Web Services (AWS) as its preferred cloud provider. By leveraging AWS infrastructure and generative AI capabilities, Genspark has reduced product development and operations costs, significantly improving the performance of its generative AI and agentic AI products.

Founded in 2023, Genspark developed a suite of intelligent agent products, including its deep research agent that was built to provide comprehensive and trustworthy results while automating complex research tasks. The company also pioneered a general-purpose AI agent—a flexible system that performs diverse tasks without requiring retraining for each new application. Its flagship product, the Super Agent, functions as an all-in-one workspace that supports a range of activities including research, content creation, and office productivity.

With AWS’s autoscaling solutions, Genspark has improved the cost-performance of GPU workloads and simplified operations management. By using Amazon EC2 Spot Instances, Genspark reduces GPU costs by 60-70%. In addition, by combining the high-performance Cluster Autoscaler for Amazon Elastic Kubernetes Service (Amazon EKS) with Amazon EC2 Spot Instances, Genspark can secure the required compute capacity while maintaining low costs.

AWS’s global infrastructure is also helping Genspark enhance end-user access experiences. For example, Genspark’s Image Studio feature runs its Flux image generation model on an Amazon EKS cluster powered by Amazon EC2 G6e instances. This approach leverages different GPU instance types to reduce image generation time to tens of seconds, delivering a high-quality image generation experience.

A key to building agentic AI applications is seamlessly integrating base model’s reasoning and planning abilities, tool-use capabilities, and business-aligned prompt engineering and orchestration to help the application efficiently accomplish predefined objectives. Genspark leverages the Claude family of models on Amazon Bedrock to power key agentic AI workflows in its products, including Super Agent, AI Slides, AI Sheets, AI Designer, and AI Developer. As a fully managed service, it offers a choice of high-performing foundation models (FMs) and tools to deploy and operate agents. Using Amazon Bedrock not only improves service resilience, model availability, and responsiveness for Genspark, but also helps the company to reduce the cost of training and fine-tuning models. Amazon Bedrock’s prompt caching helps Genspark reduce model inference costs by 72%.

Genspark participated in the “AWS Activate 2.0” program and was part of the second cohort of the “AWS Startup Accelerator.” The comprehensive technical and resource support that AWS provided helped Genspark accelerate its technical validation and commercial rollout of generative AI products, improving the user experience, and efficiently supporting its global expansion.

Justin Liu, co-founder & Chief Architect of Genspark, said: “In the generative AI domain, AWS demonstrates outstanding technological leadership and deep capabilities. Our close collaboration has greatly advanced our breakthroughs in agentic AI product development and cost optimization and has meaningfully improved user experience. Looking ahead, we look forward to deepening our co-innovation with AWS in agentic AI, expanding into broader application scenarios, and jointly shaping a new paradigm for intelligent content access and creation.”

“Millions of users are already using Genspark network of specialized agents that can conduct every-day activities including research, content creation, and office productivity,” said Jason Bennett, VP and Global Head of Startups and Venture Capital at AWS. “By leveraging AWS’s AI stack, they’ve reduced costs by up to 72% while significantly improving performance. This demonstrates how our AI infrastructure and services are enabling startups to scale their AI applications efficiently. We’re excited to continue supporting Genspark as they push the boundaries of agentic AI.”
Hashtag: #AWS #AI #Genspark

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ABOUT GENSPARK

Genspark is an all-in-one AI Workspace on a mission to enable the 3-day work week for 1 billion+ knowledge workers. Founded in 2023, the company achieved $50M ARR in just 5 months—the fastest in the agent space. Genspark has raised $160M in 18 months, including a $100M Series A at a $530M valuation in February 2025. Genspark powers agentic AI work tools including Super Agent, AI Slides, AI Sheets, AI Docs, and AI Designer—all built on a proprietary platform combining 30+ AI models, 20+ premium datasets, and 150+ in-house tools. Genspark’s hypergrowth validates a fundamental market shift: the world is ready for AI agents that transform how knowledge work gets done.