As it shifts its focus to a greater use of AI in content moderation, social media platform TikTok announced on Friday ( October 11 ) that it is laying off hundreds of employees from its global workforce, including a sizable portion of its workforce in Malaysia. More than 700 tasksContinue Reading
KUALA LUMPUR: China’s ByteDance, the parent of social media platform TikTok, has laid off more than 700 employees from its Indonesian system as the organization shifts target towards greater use of AI in glad restraint, two sources familiar with the matter told Reuters.  , The employees, the majority of whomContinue Reading
Bangkok: A survey revealed on Thursday ( Oct. 10 ) that consumer confidence in Thailand dropped for the seventh consecutive month in September to its lowest level in 17 months. This was primarily due to concerns about slow economic growth and floods in some parts of the nation. The UniversityContinue Reading
Indonesia’s finance ministry official announced on Friday that the country will extend its duty vacation plan for some investments and add new bonuses to help offset the effect of the country’s 15-percent global minimum corporate tax rate. One of the 140 nations that approved a landmark 2021 agreement that allowsContinue Reading
Bangkok: Alphabet’s Google announced on Monday ( Sep 30 ) that it would invest US$ 1 billion to construct a data center and cloud region in Thailand to meet growing demand for artificial intelligence and encourage adoption of artificial intelligence in Southeast Asia. Google’s growth in Thailand may add US$Continue Reading
NEW FACES, REFORMIST BACKING Following the recent change in the board of directors, which included some people, who were elected for the first time ever in December, is more extreme. Prior to that, the majority of the members were chosen by the coup-surge supporters in 2014. Next month, two-thirds ofContinue Reading
COLOMBO: Sri Lanka’s central bank kept interest rates unchanged on Friday ( Sep 27 ) in line with expectations, citing domestic and global uncertainties, but said inflation was likely to remain low and the economy was doing much better than initially expected. The Standing Deposit Facility Rate and Standing LendingContinue Reading
According to legal documents, Samsung Electronics ‘ Indian device has filed legal papers with members of a labor union that has been on strike for 11 days at its sole India house appliances plant in Tamil Nadu, escalating tensions with its employees. The lawsuit against Samsung, which was first reportedContinue Reading
COLOMBO: Sri Lanka’s market grew 4.7 per share year-on-year from April to June this year, official data showed on Friday, as the island country made progress in emerging from its worst economic crisis in years. Sri Lanka’s agriculture sector grew 1.7 per cent from a year earlier, industrial output expandedContinue Reading
BANGKOK: As sales of electric vehicles miss expectations in Southeast Asia’s largest business, Thailand’s major group of manufacturers, comprising big Chinese and Japanese firms, seeks to expand production deadlines set in a government scheme of incentives. Thailand’s regional hub for developing electric vehicles ( EVs ) is made up ofContinue Reading