TWO international tech firms will work together on the artificial intelligence (AI) ecosystem in South-east Asia, under a pact announced on Thursday (Dec 5). Chinese tech giant Huawei’s cloud services unit and the regional arm of San Francisco-based startup Skymind plan to offer strategic and technical expertise on smart city innovations, starting with projects in […]
Read MoreThe government will expand its tax incentive program to cover more business sectors as part of its efforts to attract investment. Government Regulation No. 78/2019, which has been signed by President Joko “Jokowi” Widodo and will come into effect on Dec. 13, will increase the number of sectors in which businesses are eligible to apply for the […]
Read MoreIn a last-ditch effort to boost exports in the remainder of this year and early next year, Commerce Minister Jurin Laksanawisit vows to rev up delivery of goods for which purchase contracts have been signed and to promote business matching. Mr Jurin said 35 memorandums of understanding for purchase orders worth a combined 44.72 billion […]
Read MoreMANILA, Philippines — Prices of basic goods and services rose at a faster rate in November, ending five straight months of a slowdown, fuelled by the sharp growth in the prices of alcoholic drinks and tobacco as well as oil and electricity, the Philippine Statistics Authority (PSA) said in a report yesterday. Headline inflation rose […]
Read MoreTech giants Google and Facebook are considering setting up data centers in Indonesia, Communications and Information Minister Johnny G. Plate has said. He told journalists about the matter after accompanying President Joko “Jokowi” Widodo in a meeting with delegates from the United States-ASEAN Business Council at Merdeka Palace on Thursday. “Google and Facebook already have plans to build […]
Read MoreThe Government Pension Fund (GPF) has shifted its investment strategy towards more stable returns amid the global economic slowdown and Sino-US trade spat. The pension fund for civil servants aims for an average of 4% per year in returns between 2019 and 2021, said secretary-general Vitai Ratanakorn. For the worst case scenario when comparative benchmarks […]
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