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Narrower contraction in leading index (LI) signals improved growth momentum in coming months. PETALING JAYA: MIDF Amanah Investment Bank Bhd (MIDF Research) has reaffirmed its forecast that Malaysia’s gross domestic product (GDP) will achieve a 4.2% growth in 2023 following the narrower contraction in the leading index (LI) recorded in August 2023. The research firmRead more

(With) enough GPUs & electricity, you have the ability to make unlimited amounts of talent Organisations failing to address AI anxiety could face up to 20% higher rates of turnover Research and advisory firm, Gartner, has released new predictions spotlighting the role of Artificial Intelligence (AI) and how it will change the workplace and society overRead more

Artificial intelligence (AI) has the potential to give a similar boost to workforce productivity growth as the information and communication technology (ICT) revolution in the late 1990s. But a range of factors will determine which countries can reap the most benefits. The extent of productivity gains will depend on the development of complementary innovations to harness the powerRead more

Cambodia signed an eWTP agreement with Alibaba on Wednesday to enhance collaboration in e-commerce, cloud computing, digital talent and travel International commerce has become one of the fastest growing business sectors of Alibaba, where it competes with ByteDance, Shein and Temu Hangzhou-based Alibaba Group Holding inked a deal with the Cambodian government on Wednesday toRead more

By busting misconceptions, MPOGCF demonstrates that the palm oil industry is environmentally friendly.— pic by tsyew on 123rf.com. THE Malaysian economy is expected to strengthen in 2024, growing in the range of 4% to 5% amid expansion in all sectors and better prospects in global trade. In its Economic Outlook 2024 report, the Finance MinistryRead more

Datuk William Ng SAMENTA Central chairman.// 28 August 2021 SMALL and Medium Enterprises (SMEs) are surprised and disappointed with the introduction of the capital gain tax (CGT) without any consultation with SME stakeholders. Although the CGT will be able to increase our tax revenue, it must not be at the expense of entrepreneurship and theRead more

SINGAPORE/STOCKHOLM, Oct 11 (Reuters) – Southeast Asian countries are taking a business-friendly approach to artificial intelligence regulation in a setback to the European Union’s push for globally harmonised rules that align with its own stringent framework. Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations’ (ASEAN) “guide to AI ethics andRead more

Partnership between Mida and Abu Dhabi Future Energy Company to jointly generate renewable energy capacity worth RM37.76 billion. PETALING JAYA: The Malaysian Investment Development Authority (Mida) and the UAE International Investment Council have signed a memorandum of understanding (MoU) to solidify economic cooperation between both countries, particularly in sustainable energy. “God willing, Malaysia and theRead more

Human capacities to get things done have co-evolved with the technologies we have invented. The wheel made us more mobile. Evolutionary Intelligence (alongside computers) will make us smarter. Russ Neuman has studied the social impact of technology at the MIT Media Lab, taught at Harvard and Yale, and worked on technology policy at the WhiteRead more

ByteDance-owned TikTok hopes to more than quadruple the size of its worldwide e-commerce operations to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar with the matter. The increase compares to last year’s $4.4 billion in gross merchandise value, representing the worthRead more