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Asean firms and the future of work

The world of work is changing faster than ever, and machine intelligence is at the centre of this change. Most recently, artificial intelligence (AI) has played a leading role in the fight against Covid-19. Scientists have used AI to help predict future outbreak zones, sift through research, and even run simulations on drugs to determine […]

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Philippines: Tourist arrivals, receipts fall by 50% as of April as coronavirus bites

MANILA, Philippines — Foreign tourist arrivals fell by more than half in the first four months of the year as the coronavirus outbreak and state-initiated lockdowns continue to crimp travel and tourism at home and abroad. At Wednesday’s Senate hearing tackling the government’s response to the pandemic, Tourism Secretary Bernadette Romulo-Puyat said international visitor arrivals from January […]

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Panasonic to move appliance production from Thailand to Vietnam

The Hanoitimes – The plant, located outside Hanoi, would be the company’s largest manufacturing hub for refrigerators and washing machines in Southeast Asia. Panasonic will shut down a large appliance factory outside Bangkok as early as this fall and consolidate production to a larger facility in Vietnam for greater efficiency, Nikkei reported. The Thai plant will stop […]

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Indonesia’s Q1 current account deficit narrows as imports fall

Indonesia’s current account deficit narrowed in the first quarter of this year as imports fell and the deficit in services dwindled amid the coronavirus pandemic, Bank Indonesia (BI) announced on Wednesday. Southeast Asia’s biggest economy recorded a current account deficit (CAD) of US$3.9 billion, or 1.4 percent of gross domestic product (GDP) in this year’s […]

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