Share of job vacancies for PMETs rose again in 2024: MOM

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NEW POSITIONS ARE NOW BEING CREATED

Additionally, according to the report, 45.7 % of the vacancies last year were newly created positions, down from 47.3 % in 2023.

The large number of newly created positions, according to Mr. Ang Boon Heng, director of MOM’s workforce studies and statistics division, despite the slight decline, demonstrates the dynamism of the labor market.

Instead of the same jobs being filled by various employees, he claimed, there are fundamental changes to the work and a shift toward higher-skilled positions.

54.7 percent of the new jobs were created as a result of the rise of the company’s core business functions. Around a third of jobs were created as a result of business expansion, and 6.5 % were created as a result of job redesigns or redesigns. &nbsp,

Information and communications, specialized services, and financial and insurance companies were the industries with the most open positions for newly created positions.

That, according to MOM, was in line with these businesses ‘ overall economic growth.

On the other hand, there were fewer previously created work jobs in retail industry and food and beverage services.

This may reflect the slower business growth seen in the sector as locals shift their vacation budgets to other countries, according to the government. &nbsp,

JOB MISMATCHES ARE SLOW.

Job matching performance, which measures how quickly an unskilled person can find employment, has improved over the past two years, according to MOM.

According to the document, both the poverty level and the job position price have decreased, suggesting that the labor market is more effective at matching employees with available jobs.

But, MOM’s Mr. Ang acknowledged that there will be exceptions, even though the macro view accurately captures the views of the majority of employees.

” People on the ground will claim that our knowledge is diverse,” he said. The agency’s report emphasizes the general view, which shows a reduction in architectural discrepancies, not that the exclusions are irrelevant.

” It kind of aligns with what we’re seeing also in the hard-fill vacancies,” he said.

Unfilled vacancies for at least six months decreased from 23.5 % in 2023 to 19.4 % last year. In 2014, the number stood at 41.4 per share. &nbsp,

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Affluent India’s pet obsession is fuelling a boom in care industry

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Nothing in the universe is more significant to Neha Bapna than Muffin, her puppy.

Every day she travels across India on a train, the four-year-old Shih Tzu is straight by her side in first class. He just consumes hypoallergenic meal, which is frequently twice the price of regular dog treats and food.

I have slept through my night trying to decide what food to eat for him. He is my child, and I don’t want him to possess any issues, says the 43-year-old Mumbai-based entrepreneur.

Used to be a pleasure reserved for the ultra-rich, pampering one’s dog. However, wealthy and middle-class cosmopolitan Indians like Ms. Bapna are now spending more on their “fur babies,” which has contributed to a increase in India’s pet care sector, which has almost doubled in price in recent years.

Ankur Bisen, top companion at Technopak financial consultancy, believes that the pandemic has a significant impact.

When individuals were staying at home, Cocavid created a need for companionship. So you could see fresh mother, first-time mother, persons who, by option, decided not to have children, and all of these individuals starting to adopt animals, he says.

The number of pets in Indian households has grown sharply from 26 million in 2019 to 32 million in 2024, according to a report by consulting firm Redseer.

These pets are extremely receiving the care and attention that are usually reserved for children as smaller family sizes, smaller family sizes, and changing social norms change family structures in industrial India.

Nikhil Bhushan and Lakshna Gulati, who both reside in Delhi, claim that raising their dogs gives them a simple knowledge of marriage.

The pair, who have no natural children, live in their home with two kidnapped animals, including a rabbit named Marmalade and a dog named Mowgli.

When we got married five years ago, we weren’t expecting children, but immediately after rescuing the animals, our house really became a apartment. There was something missing that is now full. They bring us happiness, and seeing them every morning brightens our life, according to Mr. Bhushan.

” We like to destroy them,” says Ms. Gulati. ” Whenever we see a toy they might like, we soon purchase it, even knowing that it will be quickly destroyed,” says one customer.

According to the Redseer report, Indians spent$ 3. 6 billion ( £ 2. 78 billion ) on goods and services for their pets in 2024, a significant increase from$ 1. 6 billion in 2019.

This explosive growth has been fueled by new trends like cats boarding, insurance, and specialized veterinary care.

According to Pankaj Poddar, CEO of Zigly, “pet treatment was only limited to basic services like immunization and clinical care twenty years ago.”

People now want the best for their dogs, he says, whether it’s clothes, accessories, or even specialized services. ” I have seen parents devote up to 10 % of their income to their animals, whether it’s taking them to special events or even ordinary inspections,” says one parent.

For example, Ms. Bapna spends between 25 000 and 40 000 rupees per month on Muffin, primarily on his special meal and travel.

Every few months, she takes her dog on a trip, whether it’s a morning trip to a local farm or a longer stay at a hotel, and she stays in pet-friendly lodging that is more expensive than regular hotels.

Ms. Bapna purchases first-class tickets when she visits her relatives every few months on the Jodhpur coach, which are more than twice the cost of regular cards.

The enormous costs are unfavorable to Ms Bapna. She says,” This is one area where I make no compromises when it comes to spending on Muffin.”

Income for pet care businesses like Zigly have increased as a result of this type of investing.

” We have grown between 7 % and 10 % month-on-month in the last eight to nine months,” says Mr. Poddar, whose company has grown to a monthly gross merchandise value of about 46 million rupees per month and is anticipated to reach 1 billion rupees by the next year.

More businesses that offer less expensive companies, like pet care ring The Pet Point, have also sprung up to serve the growing middle-class customers.

Value for money predominates over premiumization, according to The Pet Point’s co-founder Akshay Mahendru for most American animal kids these times. ” A client is more likely to pay 600 pounds for dog grooming services per year than it is to pay somewhere else,” says the statement.

According to Mr. Mahendru, sales for relatively less expensive dog goods like toys and treats have increased significantly as a result of the development of quick-shipping platforms like Zepto and Blinkit, which offer deliveries every 10-15 minutes.

Experts are optimistic that India’s pet care market has room to grow, given global trends. According to Bloomberg Intelligence’s Pet Economy Report 2023, the global pet care sector, currently valued at $320bn, could exceed $500bn by the end of this decade.

According to a report from Redseer, India’s pet care market is expected to double in the next three years and could reach$ 7 billion by 2028.

But difficulties nevertheless persist.

India’s economy is still plagued by uneven economic growth, slowing usage, and wage stagnation, which may thwart the sector’s expansion.

Most places in this place also lack pet-friendly public transportation options, including hotels and public transportation, which causes a lot of problems for animal parents.

When Mr. Bhushan and Ms. Gulati go with Mowgli, they bring transportable beds, disposable plates, and bowls” so we’re constantly prepared during our remains,” says Mr. Bhushan.

” We do encounter issues when we eat during our travels,” the article states. He continues,” Some sites don’t accept animals, which limits our choices.”

Ms. Bapna encounters the same difficulties when traveling with Muffin. But she is confident that things will change.

There were very few pet-friendly locations and routines when I first got him in 2021. However, she continued, there are now special events, accommodations, and shops in Mumbai that accept pets.

Muffin currently participates in” socialisation events,” where he can play sports with other dogs, and can also enjoy unique pet food at animal events.

Ms. Bapna smiles and says,” It gives me hope.”

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Trump tariffs: Can Vietnam golf its way out of new US import taxes?

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twenty-one days ago
Annabelle Liang

Company analyst

Getty Images US President Donald Trump plays golf during the Official Pro-Am Tournament ahead of the LIV Golf Invitational Series event at Trump National Golf Club Bedminster in Bedminster, New Jersey, on 10 August, 2023. He is wearing a red Make America Great Again cap and white polo shirt with the seal of the US President on the left hand side of his chest. There is a white glove on his left hand.Getty Images

Places all over the world are prepared for Donald Trump’s infamous” Liberation Day in America!!”! second year.

The US president’s deadline to impose reciprocal tariffs on trading partners will come just days after he hit foreign carmakers with 25% import taxes.

Vietnam might be especially vulnerable to Trump’s most recent taxes. It has a significant trade deficit with the US, and it has been a result of Chinese companies moving companies away from China to avoid legal action that was announced during his first term in office.

Pham Minh Chinh, Vietnam’s excellent minister, has suggested that he may view things diplomatically while some nations have retaliated against Washington.

He stated in January that he would go to Trump’s Mar-a-Lago house in Florida and play golf” all day long” if it “benefits” his land, and that he would be willing to do so. There was laughter in the room.

Would that be effective?

” Bang” finance

Trump has recently stated that Vietnam was “almost the worst offender of anyone” and that it was “worse than China.”

Despite having the third-largest trade deficit with the US, after China and Mexico, he has not yet precisely targeted Vietnam with taxes.

Experts claim that Vietnam is doing well in its negotiations with Washington, but its efforts may not be sufficient to prevent most of Trump’s price plans.

Former US business negotiator Stephen Olson said,” The Vietnam PM seems to be taking a page from the book of former Japanese prime minister Shinzo Abe, who built a close personal relationship with Trump over their shared passion of golf.

” I do not, however, anticipate any specific care of Vietnam from a policy perspective. Trump values personal relationships, but in this situation, I believe his desire to appear harsh on business will get out.

Vietnam has stated that it doesn’t intend to “restrict industry” with the US, despite now imposing import taxes it.

The government announced this week that it does help SpaceX, which is owned by close Trump ally Elon Musk, to run its Starlink satellite internet services in the nation on a trial basis.

Some researchers believe that this is one of the steps Vietnam has taken to avoid being hit by US taxes.

In a move intended to “improve business balances,” Hanoi also announced it would reduce tariffs on a number of US imports, including cars and energy.

Less than two weeks later, Vietnamese and US companies signed more than$ 4 billion ( £5.4 billion ) in deals in fields like oil and gas exploration.

Vietnam is being careful to avoid any techniques that would indicate any non-cooperation on business problems, according to Steve Norris of the firm Control Risks.

This technique is in line with its “bamboo diplomacy” foreign policy philosophy. Vietnam aspires to be flexible to international pressures, much like the shoots of plants that influence with the weather.

” The government may respond by putting pressure on Vietnam by the US by offering to promote investments in the hospitality and casino industries, purchase advanced machinery, and… capturing the moment… consider access to Vietnam’s unique earth minerals,” Mr. Norris said.

How about China?

Worries about China’s impact are a major obstacle to Vietnam.

During Trump’s first word, Vietnam was one of the biggest recipients of US-China conflicts.

He hit China with levies in 2018, which caused some companies to reevaluate where they put their goods. Some people made the decision to relocate to Vietnam for manufacturing.

This has resulted in a rise in exports from Vietnam to the US, with Chinese businesses that have moved their output it to contribute to that number.

Reuters Several employees work at a shoe factory for export in Hanoi, Vietnam. They are putting laces into grey and black canvas sports shoes that can seen on a long work bench that they are sitting at.Reuters

Wendy Cutler, a former US business communicator, described Vietnam as a “destination for significant Foreign expense.”

China is Vietnam’s largest provider of merchandise, accounting for more than a third of goods, despite the US still being the country’s largest exporter, according to the most recent official data.

In Vietnam, Taiwanese companies accounted for nearly one in every three new purchases in the country last year.

” These are enormous red flags for Trump,” he said. My hope is that Vietnam may eventually experience severe tariff effects,” Mr. Olson said.

But, tariffs on Vietnam may have an effect on US companies like Nike, a sportswear manufacturer, and Apple and Intel, which have moved their production lines from China to Vietnam.

Getty Images US President Donald Trump with the late Japanese Prime Minister Shinzo before playing a round of golf at Mobara Country Club in Chiba, Japan on 16 May 26, 2019. Trump is wearing a red jacket and Abe has on a dark blue blazer and blue polo shirt with white stripes. They are both waving.Getty Images

According to a recent survey conducted by the American Chamber of Commerce in Vietnam, the majority of US companies that anticipate hiring employees if taxes are imposed.

The US president believes that the charges may help the country’s economy because they will encourage more US-based businesses to produce products and collect billions of US dollars in taxes.

However, some economists have warned that it could cause American consumers to see prices go up and hurt global business.

What follows then?

Washington is likewise concerned about so-called” trans-shipments,” which are Chinese products that transit Vietnam while entering different nations.

According to Mr. Norris, US officials have been “quietly stressing to Vietnam that it must lower its trade deficit over time and fight the trans-shipment of Chinese products through the region.”

The Vietnamese government’s leader has expressed confidence that its “handle the connection with the US” is going to be handled.

The South East Asian nation’s recent tariff reductions may make them more appealing to Taiwanese consumers, increasing America’s share of business with the state.

Golf is another option: playing a sport with Trump would have been beneficial to later Chinese president Shinzo Abe.

Abe and Trump form a connection that included numerous golf tournaments over the course of many years. It is argued that the connection aided Abe in obtaining tax exemptions for Japan’s crucial automotive sector at the time.

It’s not clear for the time being whether Vietnam will actually practice sport politics.

The actual exam may be next week, when a new tax law for Trump is set to go into effect.

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Govt frets over Uyghur fallout with EU

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Problem grows over effect on FTA negotiations.

PUBLISHED: 28 Mar 2025 at 05: 17

Deputy Prime Minister Phumtham Wechayachai and Justice Minister Tawee Sodsong meet with the Imam of the Id Kah Mosque in Kashgar, during their visit to the Xinjiang region of China to follow up on the status of Uyghur returnees on March 20. (Photos: Government House)
During their visit to the Xinjiang region of China on March 20, Justice Minister Tawee Sodsong and Vice Prime Minister Phumtham Wechayachai meet with the Imam of the Card Kah Mosque in Kashgar. ( Photos: Government House )

Working with the unusual and business departments, the Committee on Economic Development is looking into the effects of the government’s imprisonment of Uyghurs in the context of EU free trade agreements.

Représentants from both ministries, affiliated private companies, the Thai Chamber of Commerce (TCC ) and the Federation of Thai SMEs attended a meeting on Thursday to discuss the matter.

Prior to the meeting, Sittiphol Viboonthanakul, a People’s Party ( PP ) list-MP and committee chairman, stated that the deportations would have an impact on Thailand’s international trade dynamics because the EU had condemned the government’s actions. The extent of the effect is not yet known.

He added that it was necessary to assess whether this circumstance might prevent Thailand from signing a free trade agreement (FTA ) with the EU, which is anticipated later this year, and whether it would have an impact on its ongoing efforts to join the Organisation for Economic Cooperation and Development ( OECD ). He added that the conversation had address issues with US industry policies, such as potential higher taxes on Thai exports.

When questioned about whether the government’s proposal to Western ambassadors would help to lessen the effects, Mr. Sittiphol stated that the government would do everything in its power to minimize the impact.

He also emphasized the need for the government to create a strategy to combat trade wars and the potential repercussions if the Thailand-EU FTA is never signed as planned this year.

During the conference, TCC members reportedly claimed that Thailand has consistently adhered to international human rights requirements.

They cited Thailand’s efforts over the past ten years to address global issues like illegal, unidentified, and unrestricted ( IUU) fishing issues.

Additionally, according to the representatives, the Uyghur repatriation situation was not a major source of concern in recent discussions with foreign financial organizations.

Persecution are a popular practice worldwide, they added, citing instances like these in the US and Europe.

They argued that the FTA negotiations should certainly address this subject.

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Securities reform gets nod

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PUBLISHED: 28 Mar 2025 at 03: 00

(Photo: 123RF)
( Photo: 123RF )

A act to improve the effectiveness of regulating stock trading was approved by the government yesterday.

The Finance Ministry’s proposal for a costs was accepted in theory, according to Deputy Government Spokesman Karom Polpornklang.

The costs will be sent to the Council of State for evaluation, he said, and he added that the Department of Special Investigation, the Attorney-General, and the Office of the Judiciary will provide feedback as they work to improve the regulations.

According to Mr. Karom, the cabinet also gave the Securities and Exchange Commission ( SEC ) instructions to develop measures to increase the efficiency of its staff members and work with organizations to investigate allegations of violating the Securities and Exchange Act.

The bill’s essential provisions include strengthening the authority of securities issuers and listed companies, as well as improving the quality of the quality of capital industry professionals.

Additionally, the bill seeks to strengthen constitutional safeguards to prevent possible damages, identify illegal activity, and authorize asset management.

Moreover, it would allow investigations into cases that could have a significant impact on confidence in the economy or the money market, according to Mr. Karom.

The bill establishes fines for non-compliance and mandates that reports on major events been submitted to the SEC. These steps are intended to connect the activities of law enforcement.

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Singapore launches training facility to defend against cyberattacks targeting maritime sector

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This practical strategy is crucial for effective teaching, according to SUTD.

The MariOT center, according to Professor Zhou Jianying, chairman of SUTD’s iTrust Center for Research in Cyber Security, offers a reasonable setting where students can learn how to spot and defend such attacks.  

That is particularly crucial for those individuals if they want to pursue a career in the sea business.

DIGITALISATION CROSSES CYBERSECURITY QUESTIONS

The MPA stressed the importance of being prepared as cyberthreats become more prevalent as the economy embraces digitalization.  

The legal board said it is also important to give employees the hands-on encounter they need to face these growing challenges head-on.  

Ong Chin Beng, the head of the MPA’s Chief Information Security Officer, noted that ships are increasingly being constructed using advanced digital technologies, such as dual-fuel vehicles and more connected Internet of Things ( IOT ) systems.

These advancements are beneficial because they kind of support the sea sector’s transition toward conservation and digitalization, he continued.  

However, this also raises computer risk, so it is crucial for us to teach the sailors to be able to recognize cyberthreats first and then appropriately respond to it. ”

According to Mr. Ong, malware continues to be the biggest threat to shipping companies, affecting activities and slowing down the delivery of goods to consumers.

Any disruption to supply chains is he said because 80 % of all commodities traded globally are transferred via sea paths.  

Seafaring HUB FOR THE FUTURE

The inaugural MariOT cybersecurity training exercise this year will be held on Thursday ( Mar 27 ) and Friday in partnership with MPA, marking a significant step in strengthening the industry’s readiness against cyberthreats.

The MPA and its associates will continue to expand MariOT’s features and advance the development of international security standards.

More than 300 students and professionals, including ship crews, security experts, and harbor providers, are expected to gain valuable experience from the coaching, according to the MPA, over the next three decades.

Amy Khor, the sea sector’s conversion, cited decarbonization, digitalization, and the development of manpower as the foundation.  

Beyond simply upgrading, future-proofing the workforce goes past. To reskill our workforces in many cases, she said during Singapore Maritime Month on Tuesday during a powerful bilateral cooperation between the organisations, business, and government, which is required.

By investing in our workplace, we can enhance maritime operations and protect Singapore’s reputation as a reliable, technology-driven international maritime hub. ”

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72 arrested in raid on accounting firm using Thai nominees

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Seizements totaling 150 million ringgit

PUBLISHED: 27 Mar 2025 at 13: 26

Police raid an accounting firm in Bang Phli district, Samut Prakan, for registering companies using Thai nominees for foreign businesses on Wednesday. (Photo supplied/Wassayos Ngamkham)
On Wednesday, police attack an accounting firm in Bang Phli city Samut Prakan in order to register businesses using Thai nominees for international businesses. ( Photo provided/Wassayos Ngamkham )

In a raid on the Bang Phli area of Samut Prakan state on Wednesday, police detained 51 Thai nationals and 21 Chinese citizens from an accounting firm that were accused of establishing businesses using Thai nominees for international businesses.

According to Pol Maj Gen Thatphum Charuprat, the Economic Crime Suppression Division (ECSD ) commander, information about the accounting firm’s registration of companies for foreign businessmen led to the raid, which took place on Thursday. The company’s brand was kept a secret.

He claimed that the government intends to bring legal actions against 15 businesses that have been registered through the accounting firm because of a Foreign Business Act violation.

Five title deeds, 332 business postcards, and other documents pertaining to business operations and card applications were among the items that were seized. The total value of the confiscated goods was more than 150 million baht.

During the attack on Wednesday in the Samut Prakan province district's Bang Phli area, police examine computers that some accounting firm employees used. ( Photo provided/Wassayos Ngamkham )

During the attack on Wednesday in the Samut Prakan province district’s Bang Phli area, police examine computers that some accounting firm employees used. ( Photo provided/Wassayos Ngamkham )

The function came after a Taiwanese suspect, only identified as Lee, was apprehended following an Interpol red notice on suspicion of extorting Foreign nationals, resulting in 14 billion baht in damages. Lee and his associates founded a business to challenge ID tickets and visas, which resulted in the deaths of many victims.

Investigators discovered Lee had hired Bang Phli’s finance company to register overseas companies using Thai nominees after his imprisonment in early March.

According to the research, Yian Zhao, alias Venus, a Chinese girl, owned the business. She used Thai people ‘ titles as nominees while working from China and coordinating with Chinese clients via Snapchat.

According to Pol Maj Gen Thatphum, these international companies that employ Thai nominations have seriously impacted the nation.

The arresting group had gathered information to request court permission to search the two Samut Prakan locations, leading to the arrest of the 72 suspects.

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Unitree’s humanoid robot a great side-flip forward for China – Asia Times

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The G1 human creature’s ability to perform side-flips and kick-ups, performed by Unitree Robotics, a Zhejiang-based business, is a major improvement over its father H1’s backflip performed a year ago.

The business released video of its G1 machine performing a standing side spin on March 19. It made it clear that” no damages or malfunctions occurred during development and filming.” &nbsp,

YouTube video

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It released a second video last Friday that showed its G1 machine “nails the nation’s first kip-up,” or kick-up. After being kicked in the rear, the machine can perform broad kicks, tai chin, and harmony itself. &nbsp,

YouTube video

embedded content ]

National rival Boston Dynamics released a film that features its Atlas machine doing pirouettes and breakdance sweeping in response to Unitree G1’s side-flip picture. The firm claimed that the research was conducted as part of its collaboration with the Robotics and AI Institute (RAI Institute ).

YouTube video

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Machine fans have noticed that Unitree’s G1 and Boston Dynamic’s Atlas have various strengths based on all the footage that is available: G1 is lighter, less expensive, and more efficient, while Atlas can perform useful tasks more accurately. They concluded that Boston Dynamics ‘ computers are more innovative because they have years of experience.

However, with the development of Nvidia’s Issac Sim systems, the technological difference between American and Chinese human robots has decreased over the past year.

According to the website of Nvidia, Isaac Sim is an software created for the Nvidia Omniverse that enables designers to create and test AI-driven mechanical solutions in physically-based virtual environments. In other words, human robots employ AI technology to mimic human movements.

A computer must have a graphics processing unit ( GPU) for the most recent version of Issac Sim and Nvidia’s ( GPU). &nbsp,

Due to the Biden administration’s decision to simply forbid the import of Pro 4090 and higher versions to China in October 2023, Foreign companies can trade as some RTX 4080 as they want. &nbsp,

Unitree claimed to have created its Isaac Gym, an open-source software built on the Isaac Sim system, using Nvidia’s RTX A4000 in a report released on its site in May 2024. The RTX A4000 is slower than the RTX 4080, according to accelerate testing. &nbsp,

Defying Boston Dynamics

Some Foreign observers find it surprising that Unitree G1 can perform side-flips while Atlas can only do handstands.

In an article published by ThePaper.cn on March 21, a Hebei-based IT journalist muses that” Unitree has now surpassed Boston Dynamics by a high distance.” &nbsp,

Wang Xingxing, the founder of Unitree, had previously opposed the idea of creating human robots because he believed his company was not handle it at the time. Wang was aware that even if Unitree may create some human computers, they would only be some sizable products with no potential for monetization.

He claims that this is why Wang made the machine dogs he wanted. In comparison to Boston Dynamics, which sold only 2, 000 units last year, despite China’s Gaogong Industry Research ( GGII ) reporting, Unitree sold 23, 700 robot dogs with a 70 % global market share last year.

He claims that Boston Dynamics ‘ Spot costs 50 times as much as Unitree’s Go2 robot dog, which is only about 10,000 yuan ($ 1, 376 ), while Unitree’s Go2 robot dog is only about 10,000.

Due to the development of AI technology, Unitree began producing human drones in 2023, he claims. Boston Dynamics over-relied on standard algorithms and was soon in using AI.

Additionally, the author contends that Boston Dynamics “wasted 11 years” due to investor changes and made a significant error by insisting on using mechanical devices for 30 years. He claims that Unitree made the right choice because it uses electric motors and benefits from China’s electric manufacturing sector. &nbsp,

Boston Dynamics retired its mechanically bipedal humanoid robot in May 2024, and it unveiled the totally electric Atlas robot. A video of the heavy mechanical creature’s setbacks,” Farewell to HD Atlas,” was released. &nbsp,

YouTube video

embedded content ]

According to a recent Goldman Sachs report, Unitree’s robots may jump and dance, but they can’t still take on the role of humans because they can’t perform accurate tasks like screwing and welding. According to the statement, it might take five years for Unitree’s computers to be used in businesses and homes and be made profitable.

Another Chinese analysts believe Agibot, which Peng Zhihui co-founded as a former employee of Huawei’s” Genius Youth” initiative, will replace the market gap.

A2 and its turned type A2-W, which have AI-powered hands, were made available for mass production last December by Shanghai-based Agibot, also known as Zhiyuan Robotics. &nbsp,

LingXi X2, a home-use robot powered by its new controlling system GO-1 ( Genie Operator-1 ), was unveiled by the company on March 10 this year. The machine can wash tables, pour waters, and fold shorts, according to the manufacturer. It can also provide for children and the elderly, kitchen, and use bicycles.

On March 25, Agibot announced its intention to develop 3, 000 to 5, 000 drones in 2025, an increase from the previous year’s low of less than 1, 000. &nbsp,

Elon Musk, the founder of Tesla, announced on March 21 that his company may produce about 5, 000 Optimus drones this year and 50, 000 in 2026. &nbsp,

The fresh open-source application from Nvidia

The second opened base model for broad humanoid robot reasoning and skills was unveiled by Nvidia on March 18th. Isaac GROOT N1 is the first of its kind in the world. &nbsp,

Humanoid robots, according to the manufacturer, are designed to conform to human offices and perform repetitive or difficult tasks. However, it is challenging to create dedicated AI designs for each of these real-world things. Isaac GR00T N1 is said to be able to contribute to the creation of an open-source collection for all machine manufacturers. &nbsp,

For post-training, the instrument requires an RTX A6000 or Pro 4090 GPU, according to Nvidia. For more challenging things, Nvidia’s DGX Spark or DGX H100 systems are required.

Some observers speculated that Chinese companies may be using seized, sexy cards despite the fact that the US has already outlawed the import of all these GPUs to China. &nbsp,

Read more: Tech bros meet Xi again in the standard light in China.

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Why are India’s private firms not investing despite record profits?

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last 4 days
Nikhil Inamdar

Mumbai, BBC News

Getty A female worker makes a circuit board of Electric extension board at plastic product manufacturers factory in New DelhiGetty

What will it acquire for private companies in India to start investing in building new businesses and businesses?

It has confounded legislators for years. Personal investment in India has decreased since the global financial crisis of 2007, even though the country’s economy experienced world-beating development costs. As a share of GDP, private investment has decreased since the global financial crisis of 2007.

After a protracted hiatus, the purchase rate increased slightly in 2022 and 2023, but most recent data from a reputable rating company indicates that private sector consumption as part of the overall opportunities in India’s business dropped to a decadal low of 33 % this financial year.

According to an analysis from Icra of 4, 500 listed firms and 8, 000 unregistered firms, while the rate of purchases made by listed people slowed, those made by unlisted firms really contracted.

Numerous economists have over the centuries raised similar worries about a decline in personal assets.

Banking tycoon Uday Kotak is among many who’ve raised concerns recently about India’s fading “animal spirits”, urging young business owners who had inherited companies to build new businesses rather than sitting tight and managing their existing wealth.

American non-financial companies were able to generate income of 11 % of their total assets, which supports the idea that corporations aren’t investing as much to make new ones.

So why do American corporate houses decide to do that?

One of the factors that “restricted the potential growth plans of Indian corporate houses” was the poor private consumption in urban areas, a weak trade desire, and a rise in cheap Chinese imports in some sectors, according to Icra’s Chief Rating Officer K Ravichandran in a statement.

According to India’s economic survey earlier this year, “global uncertainties and overcapacity” have kept the secret investment impulse small despite the more instant reasons.

Getty Images A stallholder wearing a skull cap drinking chai in a shop selling prayer mats at Muslim Meena Bazar, in Old Delhi, India. Getty Images

Slowing secret assets have a strong impact on India’s prospects for growth.

Investments by businesses in goods like businesses, machinery, or construction, also known as net set capital formation, account for about 30 % of GDP and are its second-largest contributor after private consumption.

India’s full-year GDP is anticipated to close at 6.5 %, which is significantly lower than the previous year’s 9.2 %. Consumption has slowed down rise, which has caused it to decline.

Kick-starting private funding will be essential for India to reach its long-term growth target, according to authorities, as exports are all the key drivers of growth are slowing down and US President Donald Trump’s tariffs are exacerbating world uncertainties.

In order to achieve its high-income status ambitions by 2047, India will need to increase by 7.8 % on average over the next 22 years, according to the most recent World Bank projections.

The bank recommends increasing private and public investment to at least 40 % of GDP from the current 33 % level. The key to this would be to increase this.

The government’s spending has significantly increased, particularly in the area of infrastructure. Additionally, it reduced corporate tax rates from 30 % to 22 %, and provided manufacturers with billions of dollars in production-linked subsidies over the years. Bank credit is no longer a constraint, and regulation has decreased, with regulations shrinking from 2003 to 2020.

Getty The image shows two men wearing protective head gear in an underground under-construction tunnel of the Mumbai Metro Line 3 near the Siddhivinayak station, Mumbai. Getty

None of this has, however, encouraged corporate India to increase spending.

According to Sajjid Chinoy, JP Morgan India’s Chief Economist, the big problem is the lack of demand in the economy to justify putting up additional capacities.

India’s post-pandemic recovery has been uneven, with the consumer class not expanding quickly enough. Demand for goods and services has thus been hit, with spending capacity further curtailed by a fall in wages, even though corporate profitability has soared to a 15-year high this year.

Financial stability does not automatically mean that businesses will invest, according to the statement. Companies will only make investments if they anticipate profitable outcomes, according to Chinoy at a conference in Mumbai earlier this year.

Rathin Roy, a former Economic Advisory Council ( PMEAC ) member, points to other more fundamental structural issues that are stifling investment appetite.

” Entrepreneurs have been lacked the drive to produce goods that could create new demand.” Construction is a classic illustration of this, according to Roy, who noted that there is unreachable inventory in urban areas but that builders are unable to enter tier two and tier three towns and access newer markets.

He added that he concurred with Mr. Kotak’s opinions regarding the growing trend of business heirs becoming wealth managers rather than starting new businesses.

” Business houses discovered during Covid-19 that they don’t need to conduct business to earn money. They can simply invest and grow it without creating anything new, according to Roy. And these investments don’t just occur on the domestic stock market. He continued,” A lot of money is just flowing out of India and chasing returns elsewhere.”

However, Icra believes that things may be turning around.

According to the report, the federal budget’s proposed interest rate cuts and a$ 12 billion income tax relief for individuals “augurs well for supporting domestic consumption demand.”

More private companies have indicated an intention to invest this year than last year, according to India’s central bank, but how much of that intention actually manifests in the amount of money being expended remains to be seen.

Icra believes any anticipated increase in investment could be delayed by the uncertainties posed by global trade tariffs.

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