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IBM and The University of Chicago Demonstrate Quantum Advantage, Establishing Trusted Quantum Computation on Logical Circuits

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Advertorial Desk
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Scientists used a new error correction method to encode 70 logical qubits and crack a classically intractable problem.

The quantum computation finished in approximately 15 minutes — a task that would demand infeasible amounts of time with leading classical computing methods.

YORKTOWN HEIGHTS, N.Y. and CHICAGO, July 30, 2026 /PRNewswire/ — IBM (NYSE: IBM) and researchers from the University of Chicago today announced a demonstration in quantum computing that achieves the fundamental criteria for quantum advantage: performing computations beyond the reach of leading classical simulation methods while providing trust that the computation returned accurate results.

IBM Quantum System Two
IBM Quantum System Two

In their new paper, “Sampling hard circuits with verifiably high fidelity,” the researchers showed that these two goals could be simultaneously achieved by a novel construction of encoded quantum circuits, enabling one of the largest demonstrations of logical quantum computing to date. These circuits and their results are also now openly released on the Quantum Advantage Tracker.

Building Trust into Quantum Results

For years, researchers have used a benchmark known as random circuit sampling (RCS) to test whether quantum computers could outperform classical systems. In simple terms, RCS asks a quantum computer to generate patterns so complex that a classical computer cannot efficiently reproduce them. The challenge has been verification: as the problem becomes harder, it becomes increasingly difficult and then infeasible to prove the quantum computer’s answer is correct, without making strong assumptions about the inner workings of the quantum computer.

In their experiment, researchers from IBM and the University of Chicago have addressed this obstacle with a structured alternative to RCS. The team was able to prove that this alternative retains the same hardness criteria as RCS, but crucially the new structure can be used to detect errors during the computation.

“Verification remains one of the biggest challenges in firmly establishing experimental quantum advantage,” said Bill Fefferman, Associate Professor at the University of Chicago. “This experiment develops techniques to better characterize the fidelity of hard quantum states under noise, increasing confidence that the quantum computer is solving a computationally hard problem.”

Soumik Ghosh, PhD student in Fefferman’s group at the University of Chicago, added, “Beyond strengthening experimental validation, advances in verification have the potential to unlock practical applications for the next generation of quantum computers.”

In one of the world’s largest-known error correction demonstrations, the team executed 70 logical qubits — shielding them from errors to run 2,415 logical two-qubit operations and 468 logical “T gates,” both metrics that quantify the complexity of a quantum circuit. Because the circuit was encoded, the logical computation was able to achieve effective logical error rates that were 10 times lower than the physical error rates, enabling the remarkably high circuit fidelity even at the large gate counts.

“We are now firmly in the quantum advantage era,” said Jay Gambetta, Director of IBM Research and IBM Fellow. “We have demonstrated a quantum computation beyond the practical reach of classical computers that establishes, with statistical confidence, a lower bound on how faithfully it was executed. This milestone gives scientists, developers, and businesses a new foundation for trusting quantum computers as they scale to problems far beyond what we can achieve classically.”

The team showed many leading classical simulation approaches faced prohibitive runtimes — while the IBM quantum computer took approximately 15 minutes to accomplish the task.

Error correction, and trust in the computation’s output, are essential milestones towards scaling quantum computing — and this work marks a significant step on the path forward.

More Demonstrations of Quantum Advantage Emerge

Today, alongside this milestone from IBM and the University of Chicago, partners from across IBM’s ecosystem are announcing more demonstrations of quantum advantage with trusted computations. To learn more, visit https://www.ibm.com/quantum/blog/quantum-advantage. 

About the University of Chicago

The University of Chicago is a leading academic and research institution that has driven new ways of thinking since its founding in 1890. As an intellectual destination, the University draws scholars and students from around the world to its campuses and centers around the globe. The University provides a distinctive educational experience and research environment, empowering individuals to challenge conventional thinking and pursue field-defining research that produces new understanding and breakthroughs with global impact.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Media contacts:

Brittany Forgione
IBM
Brittany.Forgione@ibm.com

Erin Angelini
IBM
edlehr@us.ibm.com

IBM Corporation logo.
IBM Corporation logo.

Over 1,000 Detained in July as Laos Expands Cybercrime Crackdown

By
Phoudasack Vongsay
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135 suspected scammers arrested in the Boten Special Economic Zone on 30 June 2026 as Laos cybercrime crackdown continues.
A picture of 135 suspected scammers arrested in the Boten Special Economic Zone on 30 June 2026. (Photo by Lao Security News)

Lao authorities detained 1,044 suspects linked to suspected online scam operations, illegal gambling, and telecom fraud during nationwide crackdowns in July, as the government intensifies efforts to tackle transnational criminal networks.

The largest operation took place on 18 July in Hadxayfong District, Vientiane Capital, where police raided ST Vegas Company and detained 589 suspects from four nationalities, including 373 Thai nationals and 199 Lao citizens. Authorities seized more than 10,000 electronic devices during the operation.

In Luang Namtha Province, authorities announced in July the results of a 30 June operation in the Boten Special Economic Zone, where police detained 135 suspects. Officials said the group allegedly used fake social media accounts, investment scams, delivery fraud, and online gambling platforms to target victims in Laos and abroad.

On 11 July, police raided seven rental houses in Sisattanak District, Vientiane Capital, and detained 122 foreign nationals from several countries, including China, Brazil, Malaysia, Vietnam, Pakistan, Uruguay, and Myanmar.

Three days earlier, authorities in Champasak Province detained 80 foreign nationals during a raid on a wood processing factory in Bachiengchaleunsouk District. The suspects included citizens from Uganda, Kenya, Malaysia, and Cameroon. The case remains under investigation.

Separately, 67 Thai nationals detained on 21 July in Vientiane Capital over alleged online gambling activities were transferred to Thai authorities on 24 July through the First Lao-Thai Friendship Bridge.

On 22 July, police in Xieng Khouang detained 51 suspects at a hotel in Pek District, including Taiwanese, Indonesian, Chinese, and Japanese nationals. Authorities said an alleged ringleader, a Chinese national identified as “Xun,” escaped and remains wanted.

Authorities Issue New Warnings

The latest raids come as Lao authorities and Chinese business groups in Laos issue new warnings against supporting online scam networks.

On 15 July, the Ministry of Public Security issued a nationwide notice urging individuals and businesses not to assist online fraud groups or illegal gambling operations. The ministry said authorities are strengthening action against cybercrime, money laundering, human trafficking, illegal labour, and online gambling.

Government agencies have been instructed to establish task forces, while businesses, hotels, landlords, and casino operators must report suspicious activities and avoid providing support to criminal groups.

Authorities warned that those found assisting such operations could face fines, asset confiscation, or criminal charges. Officials involved in wrongdoing may also face disciplinary action.

The Chinese Commerce Chamber in Laos issued a separate notice on 28 July, warning that scam operations are harming victims and damaging the reputation of Chinese businesses operating in the country.

The chamber urged companies to inspect their properties, carefully screen tenants, and avoid providing space, equipment, or services to suspected criminal groups. Businesses that fail to report suspicious activities could face membership restrictions and legal consequences.

De Beers Group Hosts Desert diamonds Beacon Campaign Launch in Shanghai

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Advertorial Desk
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Largest category marketing investment in 15 years supports Desert diamonds’ debut in Asia, opening a brilliant new chapter for natural diamonds


SHANGHAI, CHINA – Media OutReach Newswire – 30 July 2026 – De Beers Group hosted the Desert diamonds Asia launch event in Shanghai on 29th July, marking the official arrival of the Desert diamonds beacon in China, embodying the spirit of “authenticity, individuality and inner radiance”. This is the first new beacon launched by the Group in over a decade. Backed by its largest category marketing investment in 15 years, the campaign champions a renewed perspective for natural diamonds and aims to unite the industry, further underscoring the strategic role of China in shaping future demand for natural diamonds and supporting the industry’s long-term growth.

De Beers Group Desert diamonds Asia launch event in Shanghai.; Lynn Serfaty, General Manager of Natural Diamonds at De Beers Group, delivers an inspiring address in an interactive session with wellness coach Lear Tsui.
De Beers Group Desert diamonds Asia launch event in Shanghai.; Lynn Serfaty, General Manager of Natural Diamonds at De Beers Group, delivers an inspiring address in an interactive session with wellness coach Lear Tsui.

First unveiled in 2025 at the JCK Las Vegas Show, the Desert diamonds beacon marks a new chapter in the celebration of natural diamonds. Drawing inspiration from the desert landscapes that echo the ancient desert routes of Dunhuang and the lingering charm of the Silk Road, Desert diamonds pays tribute to the untamed authenticity of natural diamonds, celebrating a spectrum of colours from warm whites to champagne tones and amber hues. Desert diamonds jewellery has been seen on international stages – worn by celebrities such as Taylor Swift, Rihanna, Bad Bunny, Doja Cat, and Aryna Sabalenka. By bringing the beacon to China, De Beers Group aims to meet the growing consumer demand for self-reward, emotional gifting, and milestone celebrations — reaffirming the enduring desirability of natural diamonds for a new generation of consumers.

Departing from traditional jewellery marketing, De Beers Group has creatively invited “Real People” to interpret the unique allure of Desert diamonds. These “Real People” are not celebrities or professional models, but pioneering individuals from diverse fields who dare to pursue authenticity and illuminate their individuality through their own stories. They vividly embody the authenticity, individuality and inner radiance that Desert diamonds represent, through their personal journeys. This groundbreaking approach forges a deeper resonance between natural diamonds and genuine emotions, echoing today’s consumer desire for sincere and diverse narratives.

Lynn Serfaty, General Manager, Natural Diamonds, De Beers Group, said, “From red carpets to everyday life, consumers want a natural diamond that tells their personal story – a unique symbol for life’s most precious moments. Following its global success, we are confident in bringing Desert diamonds, a natural inspiration from the desert to China.”

She added: “Our research shows that Desert diamonds resonate strongly with Chinese consumers: 95% desire to own them, 94% find them distinctive, and 96% consider them innovative. Consumers increasingly see jewellery as a key expression of emotional connection and self-affirmation. The authenticity, individuality and inner radiance they seek are the soul of Desert diamonds. I’m delighted to see the industry is uniting to reignite passion for natural diamonds and shape a brilliant future.”

Desert diamond
Desert diamond “Real People” features stand-up comedian Liu Yang, Peking Opera performer Guo Yu’ang, racing driver Shi Wei, and wellness coach Lear Tsui.

Departing from conventional advertising fronted by celebrities, De Beers Group has for the first time selected four “Real People” through authentic storytelling, breaking away from the traditional celebrity endorsement model. Each of them interprets the campaign’s theme — “Authenticity” — through their unique life stories: embracing every mark of life with truth, the singular stance of being born one of a kind, and the brilliant light that shines from deep within.

In China, consumers are increasingly drawn to jewellery that is authentic, rare, and everlasting — a clear shift toward self-expression through pieces that reflect authenticity, individuality, and inner radiance. De Beers Group observes that today’s consumers seek not only the timelessness of natural diamonds but also designs that are distinctive, personal, and value-driven — Desert diamonds perfectly embodies this exceptional realm of effortless refinement.

Chow Tai Fook, Chow Sang Sang and TSL | Tse Sui Luen present exquisite jewellery designs inspired by the colours and spirit of the desert landscape.
Chow Tai Fook, Chow Sang Sang and TSL | Tse Sui Luen present exquisite jewellery designs inspired by the colours and spirit of the desert landscape.

Leading retailers Chow Tai Fook, Chow Sang Sang and TSL | Tse Sui Luen, which are the strategic partners of the Desert diamonds campaign, have been developing collections that showcase the desert-inspired palette, underscoring the industry’s strong confidence in the campaign. The retailers will debut their Desert diamonds jewellery collections at the launch and lend their firm support to the campaign in future marketing initiatives.

Created to resonate with a new generation, this campaign targets young consumers through a holistic media and digital strategy. Today’s young consumers are proudly embracing tradition, finding meaning in their cultural roots. The creative storytelling parallels each diamond’s natural journey with the wearer’s own path, allowing the authenticity, individuality and inner radiance of Desert diamonds to strike a chord, and reinforcing that every Desert diamond and every individual is one of a kind. This narrative also echoes a timeless legacy of diamonds as the indestructible stone, a symbol of resilience and everlasting brilliance, and qualities this generation deeply admires. The campaign will steadily ramp up marketing investment, harnessing robust media and social influence to establish Desert Diamonds as the preferred choice of discerning consumers.

Beyond engaging consumers and retailers, the Desert diamonds campaign supports national efforts to drive quality consumption and product innovation. It aligns with the Shopping in China initiative, which promotes high-quality goods with strong provenance, traceability and sustainability. De Beers Group is leveraging the launch to drive natural diamond category education in China and champion premium natural diamond jewellery. With a focus on brand building, quality assurance, product innovation and sustainable development, Desert diamonds provides Chinese consumers with a trustworthy, high-quality choice, supporting the high-quality development of China’s consumer market and the initiative’s goal of stimulating domestic consumption.

Building on its global momentum, Desert diamonds has become a powerful cultural phenomenon. In the U.S., it has captured attention on red carpets and through high-profile celebrity engagements, with warm-toned diamonds growing increasingly visible across fashion, music, and entertainment. Retailers who took part in the initial U.S. campaign reported higher foot traffic and a surge in enquiries tied to life milestones – clear signs of growing consumer desire for these naturally warm diamonds at life’s defining moments. By drawing a parallel to the wearer’s own journey, the campaign positions Desert diamonds not just as gems, but as emotional keepsakes rooted in the earth and elegant symbols of true individuality and enduring meaning.

Please follow the official accounts to find more information regarding Desert diamonds.

De Beers Group Official Website www.debeersgroup.com
Natural Diamond Instagram Page：@ADiamondisForeverhk

Hashtag: #Naturaldiamonds #Diamonds #DeBeersGroup #Desertdiamonds #ADiamondisForever

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

About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers London and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to ‘,’ a holistic and integrated approach to sustainability that underpins our efforts to create meaningful impact for the people and places where our diamonds are discovered. Building Forever focuses on three key areas where, through collaborations and partnerships around the globe, we have an enhanced ability to drive positive impact; Livelihoods, Climate and Nature. De Beers Group is a member of the Anglo American plc group. For further information, visit .

U.S. Embassy, Lao Ministry of Education Sign Agreement on English Language Education

By
Public Diplomacy
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U.S. Embassy Laos and MoES sign agreement expanding Fulbright English programs to strengthen language education for students and teachers nationwide.

On 29 July, the U.S. Embassy in Laos and the Ministry of Education and Sports (MoES) signed a two-year Memorandum of Understanding (MOU) to establish a framework for implementing the Fulbright English Teaching Assistant (ETA) and English Language Fellow (ELF) programs during the 2026-2028 academic years.

U.S. Chargé d’Affaires Michelle Y. Outlaw and MoES Director General for International Cooperation Sengsaden Bounlavong signed the agreement, which aims to expand access to quality English instruction and strengthen the capacity of Lao teachers and students at schools, universities, teacher training colleges, and technical and vocational institutions nationwide. MoES Deputy Minister Kingmano Phommahaxay attended as an official witness.

Following the signing, Chargé d’Affaires Outlaw highlighted the importance of English as a practical skill that creates opportunities in higher education, tourism, science, and technology.

“English is also the lifeblood of international business. It empowers people to connect with the largest, strongest, and most dynamic economy in the world, the United States,” she said. “By renewing our joint commitment to English language instruction in Laos, we are helping equip students and educators with the communication skills needed to succeed in today’s workforce, engage with U.S. businesses, and contribute further to economic growth.”

Outlaw added that access to high-quality training and hands-on learning opportunities helps teachers and students achieve academic success and prepare for future careers, noting that investment in educators and learners creates lasting benefits beyond the classroom.

The agreement comes as the United States marks the 250th anniversary of its independence and the 10th anniversary of the U.S.-Laos Comprehensive Partnership.

The U.S. Embassy in Vientiane has long partnered with MoES to strengthen English language teaching across Laos. Through the Fulbright ETA and English Language Fellow programs, American educators work alongside Lao teachers to improve classroom instruction and introduce effective teaching practices.

Under the new MOU, the United States will support up to 12 ETAs and five ELFs at educational institutions in Vientiane Capital, as well as Savannakhet, Champasak, and Luang Prabang provinces, during the 2026-2028 academic years.

Editor’s Note: This article was contributed by the U.S. Embassy in Laos. Views and information presented are those of the contributing organization.

Two Thai Legends Take Muay Thai Beyond the Ring with the Year’s Most Talked-About Culture-Meets-Fashion Collaboration

By
Advertorial Desk
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Where the spirit of Muay Thai meets eight decades of retail heritage: a special-edition bag available from 1 July 2026 at participating Central Department Stores and Rajadamnern Stadium.


BANGKOK, THAILAND – Media OutReach Newswire – 30 July 2026 – Two Thai legends have joined forces on a collaboration that lets travellers carry a piece of Thai culture with them. Central Department Store, under Central Retail, Thailand’s leading department store, and Rajadamnern Stadium, one of the country’s most treasured cultural landmarks and a home of Muay Thai, have launched the Central x Rajadamnern Stadium Bag. The bag is available from 1 July to 31 October 2026, or while stocks last.

Central x Rajadamnern Stadium Bag

The magic lies in how the bag brings their stories together.
The limited-edition bag reimagines Muay Thai in contemporary form, bringing together the signatures of both institutions for shoppers and travellers around the world to experience and own.

  • Central Department Store revives the classic logo it used between 1947 and 1973, marking a return to the heritage and legacy of the store’s founding era.
  • Rajadamnern Stadium brings the Yant PaedTidt (Eight-Direction Yantra), an ancient sacred symbol believed to offer protection, courage and strength from every direction — qualities that echo the heart of Muay Thai.
  • Central Department Store’s red meets Rajadamnern Stadium’s signature blue, uniting both identities in one design.
  • The choice of a fabric tote reflects Central Department Store’s commitment to sustainability.

Own the collaboration everyone is talking about.
Free with a qualifying purchase between 1 July and 31 October 2026, or while stocks last:

  • Central x Rajadamnern Stadium Bag Red version: Free with a purchase of 15,000 Baht or more at nine participating Central stores: CENTRAL @ centralwOrld, Central Bangrak, Central Rama 9, Central Phuket, Central Patong, CentralFestival Samui, CentralFestival Chiangmai, Central Udonthani and Central Pattaya Beach.
  • Central x Rajadamnern Stadium Bag White version: Free with a purchase of 20,000 Baht or more at Central Chidlom.

Take Home the Collectible for 990 Baht

  • The Central x Rajadamnern Stadium Bag Red version is available for purchase from 25 July 2026 at 23 participating Central stores: Central Chidlom, CENTRAL @ centralwOrld, Central Ladprao, Central Pinklao, Central Bangna, Central EastVille, Central Silom Complex, Central Rama 2, Central Rama 3, Central Chaengwattana, Central Ramindra, CentralPlaza WestGate, Central Future Park Rangsit, CENTRAL @ Megabangna, Central Nakhon Pathom, Central Fashion Island, CentralFestival Samui, Central Phuket, CentralFestival Hadyai, CentralFestival Pattaya Beach, CentralFestival Chiangmai, Central Khonkaen and Central Udonthani.
  • The Central x Rajadamnern Stadium Bag Red and White versionsare available for purchase from 1 July 2026 at the Rajadamnern Stadium Official Store.

Something worth taking home

For shoppers, it is more than a bag. It is a combined expression of Muay Thai spirit and Thai retail heritage, shaped by two Thai legends and created for travelers to carry home. The collaboration has also earned the endorsement of the Tourism Authority of Thailand (TAT), whose current strategy prioritises quality of experience over visitor volume. By leveraging Thailand’s cultural capital — from Muay Thai and Thai cuisine to locally rooted products and destinations — TAT aims to create meaningful value for travellers and the tourism sector alike.

Learn more:

Hashtag: #CentralDepartmentStore #RajadamnernStadium #MuayThai




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

About Central Retail

Central Retail Corporation Public Company Limited (“the Company” or “Central Retail”) is the leading Multi-Format, Multi-Category, Omnichannel Retail and Wholesale platform in Thailand and Vietnam. The Company has a network of 3,777 stores (as of 31 March 2026) such as department stores, specialty stores, supermarket, hypermarket, wholesale, and retail plaza. Central Retail’s business is organized into 4 operating segments based on business units; (1) Food, which focuses on groceries and items including products and services for both people and pets under portfolio of retail and wholesale banners, for example, TOPS, TOPS FOOD HALL, TOPS FINE FOOD, TOPS DAILY, TOPS CARE and GO WHOLESALE in Thailand and Big C / GO! hypermarket, Tops Market Vietnam, go! and Lan Chi Mart in Vietnam; (2) Hardline, which focuses on electronics, home improvement, stationery, office equipment, book, and e-Book under portfolio of retail banners, for example, Thaiwatsadu, Thaiwatsadu x BnB home, Auto1, Power Buy, OfficeMate, B2S, Meb, and Nguyen Kim; (3) Fashion, which focuses on apparel and accessories under portfolio of retail banners, for example, Central Department Store, Robinson Department Store, Supersports, and Central Marketing Group; (4) Property, which focuses on leasing retail property to third parties and to its own stores at retail plazas, for example, Robinson Lifestyle, Tops Plaza, and Big C / GO! mall Vietnam. As of 31 March 2026, Central Retail has a presence in 2 countries: comprising of 63 provinces in Thailand and 26 provinces in Vietnam.

Rajadamnern Stadium is the world’s first Muay Thai stadium. It remains the birthplace of Muay Thai’s official ranking system and championship belt, and a living arena where every fight night begins with a ritual dance honouring teachers, discipline and history through an immersive experience.

About Both Partners

Central Department Store stands as the country’s foremost department store and the curated retail lifestyle destination, bringing together trend setting, high-quality and unique assortment, lifestyle experiences, and world-class services that inspire customers. With branches across Thailand, Central Department Store offers a comprehensive retail universe spanning beauty, fashion, watches and jewellery, mom and kids, home, bedding, small appliances, and elevated services designed to make every visit more than a shopping trip with stores across Thailand’s major tourist cities.

Two Thai Institutions Take Muay Thai Beyond the Ring with a Standout Culture-Meets-Fashion Collaboration

By
Advertorial Desk
-

Where the spirit of Muay Thai meets nearly eight decades of retail heritage: a limited-edition bag available from 1 July 2026 at participating Central Department Store and Rajadamnern Stadium.


BANGKOK, THAILAND – Media OutReach Newswire – 30 July 2026 – Two established Thai institutions have come together on a collaboration that invites travellers to carry an expression of Thai culture with them. Central Department Store, under Central Retail, one of Thailand’s established department store names, and Rajadamnern Stadium, a historic cultural landmark in Thailand and a home of Muay Thai, have launched the Central x Rajadamnern Stadium Bag. The bag is available from 1 July to 31 October 2026, or while stocks last.

Central x Rajadamnern Stadium Bag

Its distinction lies in how the bag brings their stories together.

The limited-edition bag reimagines Muay Thai in contemporary form, bringing together the signatures of both institutions for shoppers and travellers around the world to experience and own.

  • Central Department Store revives the classic logo it used between 1947 and 1973, marking a return to the heritage and legacy of the store’s founding era.
  • Rajadamnern Stadium brings the Yant Paed Tidt (Eight-Direction Yantra), a sacred symbol traditionally associated with protection, courage and strength from every direction — qualities that echo the heart of Muay Thai.
  • Central Department Store’s red meets Rajadamnern Stadium’s signature blue, uniting both identities in one design.
  • The choice of a reusable fabric tote reflects Central Department Store’s commitment to more considered material choices.

Take Home a Distinctive Thai Collaboration.
Free with a qualifying purchase between 1 July and 31 October 2026, or while stocks last:

  • Central x Rajadamnern Stadium Bag Red version: Free with a purchase of 15,000 Baht or more at nine participating Central stores: CENTRAL @ centralwOrld, Central Bangrak, Central Rama 9, Central Phuket, Central Patong, CentralFestival Samui, CentralFestival Chiangmai, Central Udonthani and Central Pattaya Beach.
  • Central x Rajadamnern Stadium Bag White version: Free with a purchase of 20,000 Baht or more at Central Chidlom.

Take Home the Special-Edition Bag for 990 Baht

  • The Central x Rajadamnern Stadium Bag Red version is available for purchase from 25 July 2026 at 23 participating Central stores: Central Chidlom, CENTRAL @ centralwOrld, Central Ladprao, Central Pinklao, Central Bangna, Central EastVille, Central Silom Complex, Central Rama 2, Central Rama 3, Central Chaengwattana, Central Ramindra, CentralPlaza WestGate, Central Future Park Rangsit, CENTRAL @ Megabangna, Central Nakhon Pathom, Central Fashion Island, CentralFestival Samui, Central Phuket, CentralFestival Hadyai, CentralFestival Pattaya Beach, CentralFestival Chiangmai, Central Khonkaen and Central Udonthani.
  • The Central x Rajadamnern Stadium Bag Red and White versions are available for purchase from 1 July 2026 at the Rajadamnern Stadium Official Store.

Something worth taking home

For shoppers, it is more than a bag. It brings together the spirit of Muay Thai spirit and Thailand’s retail heritage, created by two celebrated Thai institutions and created for travelers to carry home. The collaboration is recognise by the Tourism Authority of Thailand (TAT), whose tourism direction places greater emphasis on quality experiences and sustainable value creation. By drawing on Thailand’s cultural strengths — from Muay Thai and Thai cuisine to locally rooted products and destinations — TAT seeks to create lasting value for travellers and Thailand’s tourism sector alike.

Learn more:

Hashtag: #CentralDepartmentStore #RajadamnernStadium #MuayThai




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

About Central Retail

Central Retail Corporation Public Company Limited (“the Company” or “Central Retail”) is the leading Multi-Format, Multi-Category, Omnichannel Retail and Wholesale platform in Thailand and Vietnam. The Company has a network of 3,777 stores (as of 31 March 2026) such as department stores, specialty stores, supermarket, hypermarket, wholesale, and retail plaza. Central Retail’s business is organized into 4 operating segments based on business units; (1) Food, which focuses on groceries and items including products and services for both people and pets under portfolio of retail and wholesale banners, for example, TOPS, TOPS FOOD HALL, TOPS FINE FOOD, TOPS DAILY, TOPS CARE and GO WHOLESALE in Thailand and Big C / GO! hypermarket, Tops Market Vietnam, go! and Lan Chi Mart in Vietnam; (2) Hardline, which focuses on electronics, home improvement, stationery, office equipment, book, and e-Book under portfolio of retail banners, for example, Thaiwatsadu, Thaiwatsadu x BnB home, Auto1, Power Buy, OfficeMate, B2S, Meb, and Nguyen Kim; (3) Fashion, which focuses on apparel and accessories under portfolio of retail banners, for example, Central Department Store, Robinson Department Store, Supersports, and Central Marketing Group; (4) Property, which focuses on leasing retail property to third parties and to its own stores at retail plazas, for example, Robinson Lifestyle, Tops Plaza, and Big C / GO! mall Vietnam. As of 31 March 2026, Central Retail has a presence in 2 countries: comprising of 63 provinces in Thailand and 26 provinces in Vietnam.

Rajadamnern Stadium is the world’s first Muay Thai stadium. It remains the birthplace of Muay Thai’s official ranking system and championship belt, and a living arena where every fight night begins with a ritual dance honouring teachers, discipline and history through an immersive experience.

About Both Partners

Central Department Store stands as the country’s foremost department store and the curated retail lifestyle destination, bringing together trend setting, high-quality and unique assortment, lifestyle experiences, and world-class services that inspire customers. With branches across Thailand, Central Department Store offers a comprehensive retail universe spanning beauty, fashion, watches and jewellery, mom and kids, home, bedding, small appliances, and elevated services designed to make every visit more than a shopping trip with stores across Thailand’s major tourist cities.

WRISE Group Unveils WRISE AI Labs and Appoints Dr. Jeffrey Wu as Group Chief Scientist to Accelerate AI-Native Wealth Management

By
Advertorial Desk
-

WRISE’s initial HKD30 million investment accelerates WRISE AI Labs while the appointment of Dr. Jeffrey Wu as Group Chief Scientist and a strategic collaboration with Panorama reinforces the Group’s long-term AI-native wealth management strategy


HONG KONG SAR- Media OutReach Newswire – 30 July 2026 – WRISE Group (“WRISE”), one of Asia’s fastest-growing independent wealth management firms, today unveiled WRISE AI Labs, with the appointment of Dr. Jeffrey Wu as Group Chief Scientist. It also committed an initial investment of HKD30 million to accelerate the development of AI-native wealth management capabilities.

These efforts represent an important step in WRISE’s long-term artificial intelligence (“AI”) strategy and reflect the Group’s commitment to transforming wealth management through strategic and technical leadership, technology innovation and deep industry expertise.

Launching WRISE AI Vision: Human-Led. AI-Scaled. Future-Ready
Across the industry, firms are accelerating AI investments to improve productivity, deliver more personalised client experiences and unlock new growth opportunities.

83% of family offices globally have already identified AI as a top strategic focus within the next five years[1], and 74% are expecting to increase their AI investments over the next three years[2]. Performance improvement and operational efficiencies continue to encourage firms to embed AI into aspects of client management and operations[3].

Under the guiding vision of “Human-Led. AI-Scaled. Future-Ready.”, WRISE AI Labs is a strategic innovation platform to explore and advance practical AI applications for WRISE Group. The initiative will focus on areas including AI-powered client servicing experience, intelligent automation, relationship manager empowerment, advanced analytics, digital intelligence platforms and next-generation client engagement.

Unlike many AI initiatives that focus primarily on technology deployment, WRISE AI Labs adopts a platform-based approach, developing AI capabilities that can be deployed across multiple business functions. Each initiative will be guided by clear objectives and measurable outcomes to ensure AI delivers meaningful business value.

Strategic and Technical Leadership to Drive AI-Native Wealth Management
The appointment of Dr. Wu as Group Chief Scientist is central to this strategy. Dr. Wu will work closely with WRISE’s leadership team to shape the Group’s AI roadmap and provide strategic and technical leadership for the WRISE AI Labs initiative.

WRISE has partnered with Dr. Wu and Guangzhou Panorama Intelligent Technology Investment Co., Ltd. (‘Panorama’), a state-backed investment vehicle aligned with Guangzhou’s technology strategy. This collaboration aims to combine its wealth management expertise with advanced AI capabilities. It reflects the Group’s belief that the future of wealth management will be shaped by the combination of business and technical leadership.

As part of the partnership, WRISE will commit an initial investment of HKD30 million to accelerate the development of WRISE AI Labs and early-stage AI applications across the WRISE Group. The investment reflects the Group’s long-term commitment to building practical, scalable and AI-native capabilities that create measurable business value.

The announcement follows WRISE’s recent recognition of the AI-Ready Enterprise Initiative: Transformation Enterprise Award at the SGTech Industry Gala 2026, further reinforcing the Group’s progress in building an AI-ready organisation.

Derrick Tan, Group Executive Chairman of WRISE Group, said: “AI is set to fundamentally reshape the financial industry — not by replacing human relationships, but by making them more intelligent, responsive and scalable. The launch of the WRISE AI Labs initiative and the appointment of Dr. Jeffrey Wu as Group Chief Scientist mark an important milestone in our journey to build a human-led, AI-scaled and future-ready wealth management platform.

Dr. Wu brings deep scientific expertise, entrepreneurial experience and a global technology vision. Together with Panorama and the WRISE leadership team, he will help us translate AI innovation into practical business outcomes — empowering relationship managers, enhancing client engagement and strengthening our long-term growth capabilities.”

Building an AI Innovation Platform for Real Wealth Management Needs
WRISE AI Labs will serve as a bridge between scientific innovation and business applications, developing AI capabilities that enhance productivity, decision-making and client experience across the Group.

Dr. Jeffrey Wu, Group Chief Scientist of WRISE Group, said: “The future of enterprises will be AI-native, with intelligence embedded into decision-making, operations and client engagement. Wealth management is fundamentally relationship-driven, making it an ideal environment for responsible AI to enhance advisor capabilities rather than replace them.

I am excited to join WRISE Group and work with its leadership team to advance the WRISE AI Labs initiative. Our goal is to combine scientific thinking, AI capabilities and real wealth management scenarios to develop practical solutions that improve efficiency, support better decisions and create sustainable value for clients and stakeholders.”

Dr. Wu is a leading AI strategist, cross-disciplinary technology entrepreneur and innovation leader with extensive experience in enterprise AI transformation, digital transformation, data intelligence and emerging technologies. He is Chairman of XALL Technology Investment Group. He also serves as Founder & CEO of Guangzhou Panorama Intelligent Technology Investment Co., Ltd. (“Panorama”). In addition, he is Co-Founder and Chief Scientist of Zhongke Shiyun and a Distinguished Research Fellow at the Suzhou Institute of Advanced Technology, Chinese Academy of Sciences. With extensive experience across Australia and China, Dr. Wu previously served as APAC Technical Director for IBM Watson Analytics in Australia, where he led enterprise AI and data intelligence initiatives across the region. He holds a PhD in Computer Science from the University of New South Wales, Australia.

Looking ahead, WRISE intends to leverage selected AI capabilities developed through WRISE AI Labs to support new business opportunities, strategic partnerships and future digital growth initiatives.

Disclaimer

This press release is for general information only and does not constitute an offer, invitation, solicitation or recommendation of any financial products or services in any jurisdiction. Products and services (if any) are provided only by appropriately licensed WRISE group entities in the relevant jurisdiction and are subject to applicable laws and regulations.

Hashtag: #WRISEGroup

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

WRISE Group

WRISE is one of Asia’s fastest-growing financial firms, driven by strategic acquisitions of companies with deep expertise and solid foundations. With a strong presence across key financial hubs including Singapore, Hong Kong, Dubai, Tokyo, Shanghai, Shenzhen, Changsha, Chengdu, Wuxi, Taipei and Bangkok, WRISE is home to one of the largest networks of independent qualified advisors. With over 600 employees located globally, supported by an ecosystem of over 200 financial intermediaries and access to eight booking centres worldwide, WRISE ensures unparalleled service and expertise in navigating today’s financial landscape.

WRISE Group of companies include WRISE Wealth Management (Singapore), WRISE Wealth Management (Hong Kong), WRISE Wealth Management Middle East Ltd (DIFC, regulated by the DFSA), WRISE Prestige (Hong Kong), WRISE Prestige Securities (Hong Kong), WRISE Prestige Asset Management (Hong Kong), WRISE Capital (Hong Kong), WRISE Financial Services (Hong Kong), and affiliates including WeWrise Services.

Naphao Customs Exceeds Annual Target on Mining Debt Repayments, Trade Growth

By
Phoudasack Vongsay
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Naphao International Border Checkpoint in Khammouane Province on the Laos-Vietnam border
A picture of Naphao International Border Checkpoint used for illustration purpose only.

Naphao International Border Checkpoint in Khammouane Province collected more than LAK 669.5 billion (USD 29.6 million) in customs revenue in the first half of 2026, exceeding its full-year target as mining debt repayments and stronger trade activity boosted collections.

According to Naphao Customs Head Souphat Sousengtay, the checkpoint received a 2026 revenue target of LAK 643.2 billion (USD 28.4 million) from the Ministry of Finance and the Customs Department.

Revenue collected between January and June reached 104.1 percent of the annual target, nearly double the LAK 334.8 billion (USD 14.8 million) recorded during the same period last year.

Souphat said the repayment of debts by Lao Kaiyuan Mining and Lao Kaiyuan Development was one of the main drivers behind the increase, contributing approximately LAK 219.3 billion (USD 9.8 million), or around 34 percent of the annual target.

The checkpoint also benefited from higher trade volumes, with increased exports of mineral products and greater imports of fuel and consumer goods generating additional customs duties, taxes, and service fees.

However, Souphat said imports of several product categories declined during the period, including vehicle parts, construction materials, electrical equipment, and goods traded under ASEAN preferential arrangements.

Authorities attributed part of the decline to poor road conditions, which have affected transportation and cross-border trade flows. Despite these challenges, improved revenue monitoring, stronger enforcement, and efforts to reduce revenue losses helped support overall performance.

Digital Systems Strengthen Customs Operations

Naphao Customs has also expanded the use of digital systems to improve border management and payment processes.

The checkpoint has introduced online goods declaration forms, one-stop document processing, electronic payments, warehouse management systems, and digital fee payment services for border crossings.

Customs authorities said the systems have helped improve transparency, reduce cash transactions, and increase the efficiency of revenue collection.

For the second half of 2026, Naphao Customs has set a new revenue target of around LAK 270 billion (USD 11.9 million). Authorities plan to focus on export duties, import taxes, re-export activities, fines, confiscated goods sales, and service fees, while strengthening inspections and anti-smuggling measures.

Naphao Remains Key Laos–Vietnam Trade Gateway

Naphao International Border Checkpoint remains one of the busiest trade routes between Laos and Vietnam, connecting Khammouane Province with Vietnam’s Quang Binh Province.

In 2025, the checkpoint collected LAK 634.6 billion (USD 29.2 million) in customs revenue, exceeding its annual target by 59 percent. Major sources of revenue included mineral exports, petroleum-related imports, machinery, equipment, and service fees.

Customs authorities said continued investment in electronic declarations, digital payment systems, and warehouse management platforms has helped improve transparency, strengthen revenue collection, and reduce revenue leakages.

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