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DBS Continues To Be Studied As Model For Digital Transformation

Harvard Business School is the latest academic institution to capture the bank’s successful transformation journey in a case study that is being taught to its MBA students

HONG KONG SAR – Media OutReach – 27 February 2023 – DBS continues to be studied as a transformation role model, with Harvard Business School (HBS) being the latest academic institution to capture the bank’s successful digital transformation journey in a case study.

The DBS case is being taught in HBS’ Master of Business Administration (MBA) programme and its executive education courses by Professor Ranjay Gulati, Paul R. Lawrence MBA Class of 1942 Professor of Business Administration. Gulati was ranked as one of the top ten most cited scholars in Economics and Business over a decade by ISI-Incite. He is also the author of six bestselling books on strategy, organisational effectiveness and leadership in organisations[1].

Gulati said, “Businesses need to transform themselves in order to compete in today’s fast-changing markets. I was interested in studying how DBS transformed itself successfully, and to find out what they did and how they executed it. Through my numerous conversations with the bank’s executives, what came across very strongly were the digital and purpose-focused elements of the transformation and how these permeated every level of the organisation. The willingness from the leadership to resource the change enabled a building up of the workforce’s innovation ‘muscles’ to create a startup culture – quite a feat for an organisation of 33,000 people.”

DBS CEO Piyush Gupta said “Behaving like a startup meant shifting the bank’s mindset from that of a mature multinational to one that is more nimble, more agile; one which is constantly learning, experimenting and innovating on the fly. To effect this change at scale, we had to teach our people how to use the tools of innovation and provide them with opportunities to apply these tools in an environment where it is safe to take risks. This effective culture shift created through a programme of ‘culture by design’ has been instrumental to our success so far, and will be key as we navigate the disruptions in our industry going ahead.”

The HBS case study was put together over a span of 15 months through a series of interviews between Gulati and DBS’ leadership team. Learn more about the DBS case study at Harvard Business Publishing’s repository here.

Gupta was also interviewed on an episode of Gulati’s newest podcast series “Deep Purpose” in December 2022. The conversation complements the case study and nicely sums up the development stages of the bank, digital transformation, building a technology company, being customer-centric and Gupta’s leadership style. Both the recording and transcript are accessible here.

In 2022, DBS was named “World’s Best Bank” by US-based financial publication Global Finance. This makes it the seventh best bank in the world award it has won in the past five years. DBS was also the only Singapore-headquartered company to be recognised as one of the Top 100 Best Workplaces for Innovators by US-based Fast Company.

Other institutions which have written case studies on DBS include INSEAD, the International Institute for Management Development (IMD), IESE, Singapore Management University and Nanyang Technological University.


[1] Ranjay Gulati’s website https://ranjaygulati.com/ and profile page on HBS’ website https://www.hbs.edu/faculty/Pages/profile.aspx?facId=77265.

Hashtag: #DBS

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

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “” by Global Finance, “” by Euromoney and “” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “” by Euromoney and the world’s “” by The Banker. In addition, DBS has been accorded the “” award by Global Finance for 14 consecutive years from 2009 to 2022.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit .

About Harvard Business School

Founded in 1908 as part of Harvard University, is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programmes leading to the MBA and doctoral degrees, as well as more than 70 open enrolment Executive Education programs and 55 custom programmes, and Harvard Business School Online, the School’s digital learning platform. For more than a century, HBS faculty have drawn on their research, their experience in working with organisations worldwide, and their passion for teaching to educate leaders who make a difference in the world, shaping the practice of business and entrepreneurship around the globe.

Ukraine Ambassador Briefs Media in Laos on One Year Anniversary of War

Ukraine Ambassador Brief Media in Laos after One Year of War
Ukraine's Ambassador to Vietnam, Mr. Gaman Oleksandr (on screen) and The US Ambassador to Laos, Mr. Peter M. Haymond, and Chargé d'Affaires a.i. of the EU Delegation to Laos, Mr. Niall Leonard

Lao journalists attended a media briefing hosted by the US Embassy on Friday providing an update on the situation in Ukraine following one year of war.

Laos to Declare 2023-2024 as Year of Tourism

Vang Vieng, Laos ( Photo: DiscoveryLaos)

Laos will declare 2023-2024 as Lao Tourism Year and make elaborate plans to attract visitors as the country prepares to host the ASEAN Summit in 2024.

OnePlus Announces a Technical Partnership with Perfect World Games about Ray Tracing on Mobile

Ray tracing enabled Tower of Fantasy can be experienced on the OnePlus 11 5G at MWC 2023

BARCELONA, SPAIN – Media OutReach – 27 February 2023 – Global leading technology company OnePlus today announces a technical partnership with Perfect World Games on ray tracing technology. Both parties work closely to bring the ray tracing technology to Tower of Fantasy in-game play on the OnePlus 11 5G.

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“We’re extremely thrilled to cooperate with Perfect World Games to showcase this industry-leading technology that shapes the future of mobile gaming experience on the OnePlus 11 5G”, said Kinder Liu, OnePlus COO and Head of R&D. “OnePlus is dedicated to providing the most immersive game experience to our users and today we take this experience to a new level”.

“We’re excited to cooperate with OnePlus to apply this advanced technology that previously only be seen on PCs in mobile phone,” said Dan Xu at Perfect World Games. “As a leading game developer, our mission is to bring the best experience to gamers, and ray tracing technology will dramatically transform the in-game experience”.

Ray Tracing on Mobile Gaming

Ray tracing is a technology that enables dynamic in-game lighting, reflections, cross-physics illuminations and shadows, allowing for extreme environmental realism when gaming. The newly launched OnePlus 11 5G is equipped with Snapdragon® 8 Gen 2 mobile platform that supports hardware accelerated ray tracing technology, which provides the opportunity for OnePlus to work with Perfect World Games to fully explore the potential of ray tracing on mobile.

Ray Tracing in Open World MMORPG on Mobile

Compared to traditional MMORPG games, incorporating ray tracing in open-world games has significant technical challenges, especially on mobile platform. Perfect World Games developed techniques such as a distance-based dynamic object frame-updating mechanism and range-based ray tracing culling based on light source perspective, which enables players to experience real-time stable frames while enjoying ray tracing effects. Additionally, for the open-world scenes in Tower of Fantasy, the ray tracing acceleration structures are further optimized through employing small object culling and view frustum culling based on camera frustum solid angle. By accurately simulating the propagation and interaction of light rays, players can immerse themselves in the Vera desert and experience the more realistic effect of flames from the surroundings and the hot sand underfoot.

Normally, open world MMORPG game experience is more immersive than traditional MMORPG game due to more realism detailed objects, and this experience is further elevated by ray tracing technology. Occlusion and shadows in open world scenes are accurately calculated to precisely illuminate and shade the objects of all sizes and scales in Tower of Fantasy. This is totally different with traditional rendering methods which often miss intricate details in scenes, leading to inaccurate or missing occlusion and shadows. For instance, by calculating the occlusion effect of the scene under a uniform intensity of light, ray tracing on Tower of Fantasy enhances and improves the contrast between light and dark in the visuals, achieving more realistic shadows and ultimately adding a stronger sense of spatial depth and realism to the game’s environments.

The introduction of mobile ray tracing technology also enables more accurate capturing of shadows and occlusion effects of objects in the distance and behind other objects, resulting in better visual performance compared to traditional rendering techniques.

Moreover, with mobile ray tracing enabled, the game improves the effect of simulating the absorption of physically accurate light as it passes through and reflects off water surfaces. Difficulty here is that light is comprised of various wavelengths of light waves, and when these light waves enter the water, they are absorbed differently.

Ray Tracing on the OnePlus 11 5G

The objective for this partnership is to improve the visual and performance experience on mobile device. To improve the graphics quality, engineers from OnePlus and Perfect World Games co-developed the Real-time Inline Ray Tracing Pipeline and a novel Fast Temporal Convergence Algorithm for Ambient Occlusion, specifically tailored to meet the demands of “Tower of Fantasy” by utilizing a forward rendering pipeline.

To cope with the demanding graphics computing power brought by ray tracing technology, the Spatiotemporal Oversampling is employed. Thanks to its over-the-top hardware specs including 16GB LPDDR5X RAM, 256GB ROM with UFS 4.0, and the new Cryo-velocity VC Cooling System, the OnePlus 11 5G can support the real-time rendering of mobile ray tracing on the graphics of Tower of Fantasy.

From February 27th to March 2nd, OnePlus will showcase ray tracing enabled Tower of Fantasy at Hall 3, 3M10 at MWC 2023.

Hashtag: #OnePlus

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

About OnePlus

OnePlus is a global mobile technology brand challenging conventional concepts of technology. Created around the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing together with its community of users and fans.

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Lao Firm Signs MOU on Laos-Thailand-China Cross Border Rail Transport

Lao Firm Signs MOU With Neighboring Country on Lao-Thailand-China Cross Border Rail Transport
LNR Director General Daochinda Sihalath (right), and Chairman of the Board of Directors of the Kaocharoen Train Transport Co., Ltd Panya Paputsaro (left) signing the MoU. ( Photo : KPL )

The Lao National Railway State Enterprise (LNR) has authorized the Thai company, Kaocharoen Train Transport Co., Ltd to serve as its representative on a rail freight transport cooperation with the State Railway of Thailand (SRT).

Malaysian Ambassador to Assist Laos in Boosting Tourism

The Malaysian Ambassador to Laos Mr. Edi Irwan Mahmud recently expressed his support in helping Laos grow its tourism as the country prepares to assume ASEAN chairmanship in 2024.

CloudMile Launches Free Migration Programme to Drive Business Digitalisation in the Post-pandemic Era

HONG KONG SAR – Media OutReach – 27 February 2023 – CloudMile, Asia’s leading artificial intelligence and cloud service provider, announces the launch of its “Free Cloud Migration Programme” designed to help enterprises control costs and improve operational efficiency. With the assistance of Google Cloud’s comprehensive data ecosystem and CloudMile’s hand-on technical support, enterprises can migrate their data and projects to the cloud with lower cost and complexity. The recent pandemic has prompted many companies to reassess their operations and find ways to maintain their competitiveness in the market. One key strategy that has emerged as a solution is digitalisation. As a result, companies are focusing on adopting digital technologies to streamline processes, reduce costs, and improve overall efficiency. This shift towards digitalisation has become the new norm for business development in the post-pandemic era.

Optimising Operating Cost (OpEx) with Digital Transformation

CloudMile, a Google Cloud certified Managed Service Provider (MSP), provides customised cloud migration plans to meet the unique needs of each customer. Our team helps enterprises move their data from on-premise data warehouses to more flexible cloud data warehouses like Google Cloud BigQuery. In addition, we conduct thorough assessments of enterprise IT infrastructure, provide solutions, and execute migration plans. The programme extends support beyond the cloud migration, as it includes annual assessments and optimisation solutions to help enterprises sustain their digital transformation journey and reduce operational costs in the long run. For more information on the free cloud migration program, please visit CloudMile’s website at http://bit.ly/3Szo7FD

Boosting IT Operational Efficiency by 41% with Cloud Migration

Many enterprises in Hong Kong still rely on internal servers for data storage, which can be costly in terms of manpower and hardware expenses. By migrating to the cloud, these upfront costs can be converted from capital expenditures (CapEx) to regular operating expenses (OpEx), offering businesses more flexibility and scalability.

Globally, 61% of enterprises have already migrated their workloads to the cloud. According to a 2020 evaluation by IDC, the use of Google Cloud Platform has resulted in a 41% increase in IT operational efficiency, a 19% increase in developer productivity, and a 26% reduction in IT infrastructure costs. This highlights the growing importance of cloud migration for enterprises, as it enables a smooth digital transformation and enhances productivity and remote work efficiency.

Tecpal: IoT Latency Reduction and Ample Computing Power

CloudMile has assisted over 700 companies in the Asia-Pacific region, including well-known enterprises, to make the most of various cloud technologies including data, AI, cost optimisation, hand-on technical support and services, and cross-platform integrations. This has allowed these companies to accelerate their journey towards digital transformation.

One of CloudMile’s clients, Tecpal, a provider of BaaS services for over one million smart home appliances, migrated its data to Google Cloud with the help of CloudMile in 2022. The CTO of Tecpal, Harold Lo, complimented CloudMile’s cost-effective technical support on Google Cloud, noting their expertise and rich experience with Google Cloud Platform (GCP). The migration resulted in a latency of less than a second for monitoring over one million devices and ample computing power to handle daily traffic and high demand during holidays.

Hashtag: #CloudMile

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

About CloudMile

CloudMile, a leading AI and cloud technology company in Asia, focuses on digital transformation for its corporate clients and driving growth. Leveraging machine learning and big data analysis, CloudMile assists over 700 corporate clients with business forecasts and industrial upgrades. CloudMile has earned 150+ accreditations, with 60+ Google Cloud professional certifications. Being the Premier Partner of Google Cloud, CloudMile is qualified for Machine Learning Specialisation, Data Analytics Specialisation, Cloud Migration Specialisation and Infrastructure Specialisation. In 2020, CloudMile becomes Google Cloud Managed Service Provider (MSP) and the Public Sector Partner of the Year in the APAC region.

Official Website:

The above information is distributed by HelloReporter for CloudMile.

Let Nature in This World Sleep Day in Singapore With Cellini’s Exclusive Promotion

SINGAPORE – Media OutReach – 27 February 2023 – Cellini commemorates World Sleep Day this March with a myriad of exciting deals. With the NATURA Mattress from the home-grown brand’s Nightingale product line-up taking centre stage in light of the annual celebration hosted by the World Sleep Society, Cellini aims to raise awareness about the importance of sleep. Tapping on its long-standing tradition of bringing quality craftsmanship and new technology together, escape to the luxury of deep sleep while saving hundreds!

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Advancing Sleep Health with the NATURA Mattress

Released to coincide with World Sleep Day back in 2022, the sleep survey conducted by YouGov, a British international market research firm, reported that only 27% of Singaporeans have an ideal sleep cycle. Driven to empower your sleep, the range of NATURA mattresses by Cellini emphasises innovative health-improving technology to deliver optimal comfort so that sleeping deeply without interruption becomes a norm.

Going by an upgraded motto “Let Nature In”, NATURA, the mainstay of the Nightingale by Cellini luxury mattress collection, features a soft bamboo fabric, thick latex topper and unrivalled pocketed spring base support to pamper you to a well-deserved luxurious rest. Promising to dissipate heat quickly and offer an ergonomic sleep experience even on warm and humid nights, the specially developed 100% natural latex layer also uplifts comfort by alleviating allergies with its hygienic and antibacterial properties. A product of rigorous testing, the inception of the NATURA collection is a progressive step towards bringing into fruition the goals of World Sleep Day.

Don’t Miss Out on the Siesta Fiesta Deals

Kicking off the World Sleep Day fiesta in March, Cellini’s much-anticipated sale will be accompanied by an array of exclusive promotions. Never be lulled by the up to S$500 Cash Rebate that you can earn when you buy your first Nightingale mattress. Cart out with a queen, king or super king mattress from the Nightingale by Cellini collection, including the NATURA, Float, Flow, Seville Lux and Botania mattresses, and you just might be able to take home a bed frame for free too!

But that’s not all! As part of the Let Nature In promotion, cart out with your favourite mattress from the NATURA collection and get S$400 off by using the promo code <Natura> when carting out online. Those looking to buy more than one of Cellini’s premium mattresses can also leverage an ongoing promotion that offers customers 50% off their second mattress from the aforementioned Nightingale series.

Designed and made by Cellini, every mattress in the Nightingale collection is engineered to improve your overall well-being. Experience the passion of this lifestyle brand and take home a piece of luxury bedding solution by making the most of Cellini’s seasonal promotion.
Hashtag: #Cellini


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

Cellini Singapore

Cellini is a home-grown designer furniture brand in Singapore. Investing in state-of-the-art technology, Cellini’s furniture showrooms boast specially curated pieces that are second-to-none in terms of quality craftsmanship. It has also expanded its services to offer timeless furniture pieces across Asia, in Indonesia, Malaysia, and Taiwan, in addition to making its mark as a successful e-commerce business. For more information, please visit: .