BEIJING, May 22, 2025 /PRNewswire/ — Beneath the waves of the South China Sea lies a hidden network of communication lines—essential yet largely unseen.

This is the world of submarine cables, which handle more than 99% of intercontinental data traffic and are quietly building a new digital bridge across one of the world’s most strategically complex regions.

Catching a Wave 2, CGTN’s new documentary, offers exclusive access to the SEA-H2X cable project—an ambitious China-ASEAN collaboration linking China with the Philippines, Singapore, Malaysia, and beyond. With a design capacity of 160 terabits per second, SEA-H2X is not just infrastructure—it’s a lifeline for the digital age.

“Submarine cables are more than business—they’re shared arteries connecting societies,” says Chief Engineer Mu Chunbo.

The South China Sea has become one of the world’s most densely packed cable corridors. Over 15 international submarine cable systems are now operating or under construction there, with a total length exceeding 80,000 kilometers. These cables are central to the region’s digital future.

Spearheaded by a consortium that includes China Mobile International, China Unicom Global, the Philippines’ Converge ICT, and Malaysia’s PPTEL—and built by China’s HMN Tech—the SEA-H2X system is expected to be operational by 2025. In September 2024, the cable landed in Bauang, La Union, on the northern coast of the Philippines. Converge CEO Dennis Anthony Uy says the project will strengthen regional connectivity and meet bandwidth demand for the next 10 to 15 years.

Laying these digital highways underwater is no small feat—especially when they pass through areas with maritime disputes. Yet, international cooperation remains essential.

“Whatever the external environment is like, we’ll always maintain an open and cooperative mindset,” says Ding Hongqing, Deputy Director of the Planning and Construction Department at China Mobile. “The more open we are, the more opportunities there will be—for us, and for the world.”

From the deep sea to the digital frontier, Catching a Wave 2 highlights how cooperation and connectivity are quietly transforming the region—beneath the surface, and beyond the headlines.

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SOURCE CGTN

Valmet Oyj’s stock exchange release on May 22, 2025 at 11:00 a.m. EEST

HELSINKI, May 22, 2025 /PRNewswire/ — As announced on March 31, 2025, Valmet will renew its operating model to better serve customers with a lifecycle approach, and to increase efficiency in its operations. This change of operating model is part of Valmet’s current work to renew its strategy. The operating model is effective as of July 1, 2025.

The change negotiations related to the operating model change have now been finalized in Finland and Sweden, and as a result, 325 roles will be reduced in Finland and 108 roles in Sweden. These reductions will only impact white-collar roles. The change negotiations continue in other countries and the people affected will be known later. 

Separately from the recently concluded negotiations, Valmet will initiate new change negotiations in Finland within the Paper business line’s Board and Paper Mills business unit concerning temporary layoffs of less than 90 days, affecting approximately 1,100 employees due to a decrease in workload and the need to improve profitability.

Valmet has altogether more than 19,000 employees globally, and in Finland it employs around 6,600 people and in Sweden approximately 1,700 people.

For further information, please contact:
Anu Pires, SVP HR, interim SVP Marketing, Communications, Sustainability and Corporate Relations, Valmet, tel. + 358 10 672 0020

VALMET

Katri Hokkanen
CFO

Pekka Rouhiainen
VP, Investor Relations

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com

Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.

The company has more than 225 years of industrial history and a strong track record in continuous improvement and renewal. Valmet’s net sales in 2024 were approximately EUR 5.4 billion.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.   

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https://news.cision.com/valmet-oyj/r/change-negotiations-for-valmet-s-new-operating-model-concluded-in-finland-and-sweden,c4154024

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~The move is set to make real-time trendy Indian fashion wear available, targeting expatriates in the Lion City

~100 sought-after made-in-India brands bring ~35k styles 

BENGALURU, India, May 22, 2025 /PRNewswire/ — Myntra, one of India’s leading fashion, beauty and lifestyle e-commerce destinations, has announced the launch of Myntra Global, and is set to bring Indian fashion to Singapore. The move, targeted at the ~650K Indian diaspora, will offer handpicked trendy Indian fashion styles, while also providing a seamless and hassle-free shopping experience to its customers in the country.

As part of Myntra’s broader growth strategy, Myntra Global is poised to enable the organisation to tap into new customer segments and build stronger international brand affinity, over the next few years. With a strong legacy of 18 years of catering to fashion aspirations, Myntra has already been witnessing notable organic traffic to the tune of ~30k  users from Singapore to its existing platform.

Driven by the growing demand from the Indian diaspora, who seek culturally resonant products that reflect their roots, Myntra is bringing ~35k styles from ~100 brands, across categories like apparel, footwear, home and accessories to the Lion City. Selections from sought-after brands including, Aurelia, Global Desi, AND, Libas, Rustorange,  Mochi, W, The Label Life, House of Pataudi, Chumbak, Anouk, Bombay Dyeing, Rare Rabbit and Nasher Miles among many others have been made available to begin with. This move will propel the growth of Indian fashion brands and help scale beyond India, in line with the government’s vision to take made-in-India products to the global stage.

Speaking on the development, Nandita Sinha, CEO, Myntra, said, “Our journey of nearly two decades has been paved by the love of millions of customers and thousands of brands who trust us to make their fashion dreams possible. The launch of Myntra Global marks a milestone moment for Myntra. With our expertise in serving customers at scale and the exceptional offerings from some of the most loved brands, we are confident that Myntra Global will delight Indians living abroad and keep them connected to their roots, in style. We will also continue to build and scale the platform to cater to Singapore seamlessly, propelling the growth of our brand partners.”

Myntra’s proven strong tech capabilities in building a platform of scale will serve as the backbone for providing a seamless online shopping experience on Myntra Global. Available for mobile web and desktops, Myntra Global will tap into third-party cross-border logistics services to bring customers their orders in 4-7 days on average.

About Myntra

Myntra is one of India’s leading platforms for fashion, beauty, and lifestyle. Started in 2007, Myntra is part of the  Flipkart Group, owned by Walmart. Myntra brings together technology and fashion to create the best-in-class experience for millions of its customers in India. With over 70 million monthly active users, Myntra offers more than 3.9 million styles from a wide range of over 9700 international and domestic brands such as MANGO, H&M, Levi’s, U.S. Polo Assn., Tommy Hilfiger, Louis Philippe, JACK & JONES, Forever 21, Marks & Spencer, MAC, Huda Beauty,  Estee Lauder, Global Desi, W, Biba, Libas, among others. With a wide reach, Myntra services over 95% of the pin codes covering the length and breadth of India. Singapore is the first country where Myntra is directly serving customers outside of India with Myntra Global.

Myntra Global website: www.myntraglobal.com

View original content:https://www.prnewswire.com/apac/news-releases/indian-fashion-e-commerce-major-myntra-to-set-foot-in-singapore-with-the-launch-of-myntra-global-302462989.html

SOURCE Myntra