BANGKOK: Thailand’s inflation target should work to lift inflation above 1 per cent, Finance Minister Pichai Chunhavajira said on Tuesday (Oct 29) ahead of a meeting with the central bank governor where he hoped to be able to reach an agreement on a new target range. Pichai and Bank ofContinue Reading
JAKARTA: Tech giant Apple will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have not met the country’s rules on the use of locally made components, the industry ministry said. Indonesia requires certain smartphones sold domestically to contain at least 40 per cent of partsContinue Reading
MUMBAI: Nvidia’s leather-jacket-clad CEO Jensen Huang got a rock star welcome at the company’s AI summit in India on Thursday ( Oct 24 ), with passes sold out and tech enthusiasts spending thousands of rupees to travel to the event. The reception Huang received in India’s commercial investment Mumbai wasContinue Reading
As it deepens partnerships and exploits a growing market, Nvidia announced on Thursday ( October 24 ) that it will supply artificial intelligence processors to Indian companies like Mukesh Ambani’s Reliance. Chief Executives Jensen Huang and Ambani announced at an AI conference in Mumbai that the US company would provideContinue Reading
After a warm response from retail traders to the country’s largest always initial public offering over its costs, Hyundai Motor India’s stocks dropped 5 % in their business debut on Tuesday ( October 22 ). The stock listed at 1, 934 rupees on the National Stock Exchange, compared to itsContinue Reading
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