DIRS.INFO The most relevant business & tech news

☆ Deepfake romance scam raked in $46 million from men across Asia, police say
▼ + stars: | 2024-10-15 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —She appeared to be a beautiful woman and in the minds of men across Asia, the video calls they spoke on confirmed their newfound love was real. But Hong Kong police say the men had fallen prey to a romance scam that used deepfake artificial intelligence to lure its victims into parting with more than $46 million. In a news conference Monday, police in the Asian financial hub announced the arrests of more than two dozen members of the alleged scam ring, which they say targeted men from Taiwan to Singapore and as far away as India. But increasingly realistic deepfake technology has raised the stakes and put authorities on high alert. According to Hong Kong police, the romance gang’s deepfake scam typically began with a text message, in which the sender – posing as an attractive woman – said they had mistakenly added the wrong number.

Persons: Hong Kong CNN —, “, –, scammers, ” Organizations: Hong Kong CNN, Hong, Police, Facebook Locations: Hong Kong, Asia, Taiwan, Singapore, India, Southeast Asia, British

☆ Efforts by the US to counter China in the South China Sea could backfire
▼ + stars: | 2024-10-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +10 min

The US has played a key role in countering China in the South China Sea. They "want a Goldilocks situation in the South China Sea — not too hot, not too cold," he added. A China Coast Guard ship, at right, sails past the Philippine Coast Guard ship BRP Cape Engaño on August 26, 2024. AdvertisementASEAN held its annual summit in Laos this week, in part to discuss territorial tensions in the South China Sea. A Philippine Coast Guard vessel and a Chinese Coast Guard vessel during an incident in the South China Sea on August 19, 2024.

Persons: —, Bill Hayton, Antony Blinken, Hunter Marston, Omar Zaghloul, Bush, Marston, George W, Obama, Trump, Biden, It's, Martson, Gregory B, Poling, Chatham House's, Samuel Paparo, Hayton, Sabina, REUTERS Poling, Mutual Defense Treaty, of National Defense Gilberto Teodoro Organizations: US, Service, Chatham, South China, China Coast Guard, Philippine Coast Guard, BRP, ROSA, Getty, ASEAN, Southeast, Australian National University, Coral Bell School of Asia, Pacific Affairs, Anadolu Agency, Center for Strategic, Studies, Asia Program, Transparency Initiative, Pacific Command, US National Bureau of Economic Research, coastguard, Coast Guard, Chinese Coast Guard, REUTERS, Mutual Defense, CBS, of National Defense Locations: China, South China, Philippines, South, Asia, Chatham House's Asia, BRP Cape Engaño, AFP, Laos, Filipino, United States, Singapore, Vietnam, Malaysia, Indonesia, Cambodia, Brunei, Pacific, Chatham House's Hayton, Philippine, Taiwan, Hong Kong, West Philippine, Weibo, Handout, Poling, Ukraine

☆ Wealthy jet setters are flocking to these unexpected countries, travel agents say
▼ + stars: | 2024-10-11 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

Wealthy travelers are vacationing at a mix of traditional and emerging destinations. The Asian countries wealthy travelers are increasingly visitingLuxury travel companies are expecting more travelers to visit Thailand following the premiere of "The White Lotus" season three, shot at Four Seasons Resort Koh Samui. Ken SeetAccording to Virtuoso, bookings for summer trips to Thailand were up 95% from 2023 to 2024. According to Virtuoso, summer bookings for the central European country were up 24%. More wealthy travelers are heading to Porto, Portugal proslgn/ShutterstockOr, for a greener, chillier getaway, head to the United Kingdom and Ireland.

Persons: —, What's, Ken Seet, Belles, Peter Zelei, Melissa Krueger, Quintessentially, Kelly Grumbach, Brian Kennedy, George Rose, Lucia, Virtuoso, Jim Krane, Barthélemy, Barts, Hurricane Irma, Grumbach, Saint Barthélemy, Holger Leue, Aman Organizations: Service, globetrotters, Eiffel, Belles, Ireland, Banff National Park, St, AP Locations: Rome, Paris, Thailand, Slovenia, United Kingdom, London, France, China, Canada, New York, Europe, Japan, Khao Villas Phuket, Maui, Hawaii, Taormina, Italy, Florence, Tuscany, Portugal, Lisbon, Porto, Ireland, Scotland, Banff, Lake Louise, Columbia, Dominican Republic, Hurricane, Saint, Caribbean, Anguilla

☆ Grab CEO Anthony Tan gives his no. 1 piece of advice for aspiring entrepreneurs
▼ + stars: | 2024-10-11 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

Anthony Tan is the co-founder and CEO of Grab. Courtesy ofFrom the outside, it looks like Anthony Tan's got it all — the family, the wealthy upbringing and the success. Tan's advice for aspiring entrepreneursWhen asked for one piece of advice for budding entrepreneurs, Tan said: "It has to be your life calling." Lessons from childhoodTan learned the value of hard work at a young age. I've seen how my parents worked really, really hard nonstop," said Tan.

Persons: Anthony Tan, Anthony Tan's, Tan, Chloe Tong, Tan's, I've, Joe Organizations: Southeast Asia's, CNBC Locations: Southeast, U.S, Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Thailand, Vietnam, Philippines

☆ Chinese EV makers will have to swallow tariff costs in short term
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina EV makers will swallow tariff costs in short term as they 'don't really have a choice'Vivek Vaidya of Frost & Sullivan talks about the risks around Chinese-made electric vehicles, and explains why he thinks Southeast Asia will benefit from automakers looking to circumvent duties.

Persons: Vivek Vaidya, Frost & Sullivan Organizations: China, Frost & Locations: Asia

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ I've been to 86 countries and learned to travel on a budget. I book tours once I'm in the country and embrace public transportation.
▼ + stars: | 2024-10-09 | by ( Jennifer Sizeland | ) www.businessinsider.com time to read: +6 min

Since then, I've been to 86 countries and have learned how to travel on a budget. I book directly with local businesses and I embrace public transportation, among other things. Now, 20 years later, I've visited 86 countries on a shoestring budget. It feels more ethical, too, as our money went straight to people living by the river instead of a tour company based elsewhere. If that is the case, make sure to book the tours while you're in the country, as it will save you money.

Persons: I've, —, who'd, Jennifer Sizeland, we'd Organizations: Service, Raffles Locations: Tanzania, Borneo, Chile, Argentina, Tunisia, Carthage, South, Southeast Asia, Baku, The Gambia, Singapore

☆ China's growth is set to slow next year despite temporary boost from stimulus, World Bank warns
▼ + stars: | 2024-10-08 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

However, despite the measures, which have mainly focused on monetary policy, the World Bank's 2025 growth projection was unchanged from earlier projections. The international lender estimated that China's growth rate would drop to 4.3% next year, down from a projected 4.8% in 2024, in an economic update on Tuesday. China's economic growth rate is expected to decline further in 2025 despite a temporary boost from recent stimulus measures, according to the World Bank. The World Bank has long advocated for China to boost its growth through bold policy actions such as unleashing competition, upgrading infrastructure, and reforming education. "For three decades, China's growth has spilled over beneficially to its neighbors, but the size of that impetus is now diminishing," the World Bank said in its Tuesday report.

Persons: Aaditya, Mattoo, James Sullivan, Hui Shan, Goldman Sachs, CNBC's, Goldman Organizations: World Bank, Bank, JPMorgan, National, Reform, East Locations: Aaditya Mattoo, East Asia, Pacific, Beijing, Asia, China, beneficially

☆ World Bank economist discusses how China stimulus could affect regional growth
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Bank economist discusses how China stimulus could affect regional growthAaditya Mattoo, the World Bank's chief economist for the East Asia and Pacific region, discusses Beijing's latest financial stimulus measures and what it could mean for economic growth in the country and region.

Organizations: World Bank, East Locations: China, East Asia, Pacific

☆ Taiwan's president is doubling down on sticking it to Beijing, saying China can't be the 'motherland' because its government is younger
▼ + stars: | 2024-10-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Lai Ching-te on Sunday said it's "impossible" that China would become Taiwan's "motherland." AdvertisementTaiwanese President Lai Ching-te on Sunday challenged the idea that mainland China is Taiwan's "motherland," saying the island's government is older than Beijing's. Meanwhile, the People's Republic of China, which governs mainland China from Beijing under leader Xi Jinping, celebrated its 75th birthday on October 1. Advertisement"Therefore, in terms of age, it is definitely impossible for the People's Republic of China to become the motherland of the people of the Republic of China," Lai said. "On the contrary, the Republic of China may actually be the motherland of the people over 75 years old in the People's Republic of China," Lai continued as his audience applauded and cheered.

Persons: Lai Ching, —, Lai, Xi Jinping, Mao Zedong's, Mao, Tsai Ing, Lai's, Tsai, it's Organizations: Service, Sunday, Democratic Progressive Party Locations: China, Beijing, Taiwan, Republic of, People's Republic of China, Republic of China, of China, Taipei, There's, —, Hong Kong, India, Southeast Asia, Washington

☆ Telegram app hosts ‘underground markets’ for Southeast Asian crime gangs, UN says
▼ + stars: | 2024-10-07 | by ( ) edition.cnn.com time to read: +4 min

There is “strong evidence of underground data markets moving to Telegram and vendors actively looking to target transnational organized crime groups based in Southeast Asia,” the report said. Southeast Asia has emerged as a major hub for a multibillion-dollar industry that targets victims across the world with fraudulent schemes. Russian-born Durov was arrested in Paris in August and charged with allowing criminal activity on the platform including the spread of sexual images of children. Benedikt Hofmann, UNODC’s deputy representative for Southeast Asia and the Pacific, said the app was an easily navigable environment for criminals. “For consumers, this means their data is at a higher risk of being fed into scams or other criminal activity than ever before,” he told Reuters.

Persons: Pavel Durov, UNODC, Durov, Benedikt Hofmann, UNODC’s, ” Organizations: —, United Nations, United Nations Office, Drugs, Southeast, Reuters, Star Health Locations: Bangkok, Thailand, Southeast Asia, France, Russian, Paris, ”, Asia, South Korea

☆ How I built a $2 billion a year super app called Grab: '20 hour' work days
▼ + stars: | 2024-10-07 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.

Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast

☆ 'Next dragon': Fund manager names an under-the-radar, 'very cheap' market to play right now
▼ + stars: | 2024-10-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Emerging markets on the MSCI list include Brazil, China, Greece, India, Indonesia, South Korea, Malaysia, Mexico, the Philippines, Qatar and Thailand. One fund manager, however, is looking outside that list, at an "up and coming emerging market and the next dragon in Asia" — Vietnam. "It's in a sweet spot in terms of economic growth, urbanization, labor market participation and having the right government policy. In spite of its strong growth, Vietnam is still not part of the MSCI Emerging Markets Index. A 'big theme' Mafli is betting on "high growth sectors" and stocks "doing well in underperforming sectors."

Persons: Li Mafli, Eric Sturdza, Mafli —, Mafli Organizations: Eric Sturdza Investments, Vietnam Prosperity, CNBC Pro, General Statistics Office, International Monetary Fund, FTSE, Index, Mobile World Investment, Infrastructure Locations: Brazil, China, Greece, India, Indonesia, South Korea, Malaysia, Mexico, Philippines, Qatar, Thailand, Asia, Vietnam

☆ Fed rate cuts would 'undoubtedly' be positive for Southeast Asian markets: Warburg Pincus
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed rate cuts would 'undoubtedly' be positive for Southeast Asian markets: Warburg PincusSaurabh Agarwal, head of Southeast Asia private equity at Warburg Pincus, says "we're very confident and optimistic with the rate cuts … these markets will come back to their 6-7% real GDP growth trajectory in the near term."

Persons: Warburg Pincus Saurabh Agarwal, Warburg Pincus Organizations: Warburg Locations: Asia

More than 90% of travelers from Southeast Asia say that gun prevalence in the United States influences whether they will visit, according to a new survey. However, nearly 80% said the likelihood that they would attend a mass gathering — such as a concert or music festival — would be greatly or moderately affected by the number of guns in the United States. Half of those surveyed said they have been to the United States. But a prior visit didn't calm Singaporeans' worries about gun violence to the same extent as other nationalities. Another 5% said they will out-and-out refuse to visit if Trump wins, with 2% saying the same about a Harris win.

Persons: Antarika Sen, Donald Trump, Kamala Harris, Harris, Scott Olson, it's Organizations: CNBC Travel, Insight, U.S, Trump, Getty Locations: Southeast Asia, United States, Hawaii, Texas, New York , California, Florida , Nevada , Arizona, Washington, Singapore, Indonesia, Malaysia, Vietnam, Philippines, Thailand, U.S, Flint , Michigan

BANGKOK — A well-known elephant sanctuary in Thailand appealed for help on Friday after torrential flash floods forced the evacuation of about 100 elephants. Elephants wading through floodwaters at Elephant Nature Park in Chiang Mai, Thailand. The flooded Elephant Nature Park in northern Thailand. In recent weeks, northern Thailand has suffered severe flooding and landslides due to Typhoon Yagi, the most powerful storm to hit Asia this year. Elephant Nature Park was established in 2003 as a permanent sanctuary for elephants rescued from the logging and tourism industries by Saengduean.

Persons: Chiang Mai, Saengduean, Pitsuda Masith, Masith, Yagi, Nat Sumon, Peter Guo Organizations: Staff, NBC, Saengduean Locations: BANGKOK, Thailand, Chiang Mai, Asia, Southeast Asia, Bangkok, Hong Kong

☆ What it’s like onboard the COMAC C919 plane, China’s answer to Boeing and Airbus
▼ + stars: | 2024-10-04 | by ( Steven Jiang | ) edition.cnn.com time to read: +7 min

The C919 is China’s first homegrown mainline passenger plane, manufactured by the Shanghai-based state-owned Commercial Aircraft Corporation of China (COMAC). Steven Jiang/CNNI was happy to hear the flight attendant highlight the aircraft type in his pre-takeoff briefing. “Today you’re flying with Air China C919 aircraft, which is the first large airliner independently developed by China,” he said, as the jet taxied to the runway. Air China serves hot meals in economy during meal hours even for short-haul flights (today’s flying time: 1 hour 40 minutes). As far as my passenger expectation goes, this C919 flight has earned a solid B in terms of safety and comfort.

Persons: Beijing CNN —, I’ve, Steven Jiang, CNN Long, ”, deplaning, don’t, COMAC Organizations: Beijing CNN, Boeing, Airbus, Air, Commercial Aircraft Corporation of China, China Eastern Airlines, CNN, International, Air China, Air China C919, China, Hongqiao Locations: Beijing, Air China, Shanghai, Europe, China, Southeast Asia, Africa

☆ Economist discusses the impact of the EU tariff vote on Chinese EVs
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomist discusses the impact of the EU tariff vote on Chinese EVsBetty Wang, lead economist in Northeast Asia at Oxford Economics, discusses the European Union's vote on China's electric vehicle tariffs.

Persons: Betty Wang Organizations: Economist, Oxford Economics Locations: Northeast Asia

☆ Philippines levies 12% VAT tax on digital services by Amazon, Netflix and Disney
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +1 min

A level playing field produces better products and services," Bureau of Internal Revenue Commissioner Romeo Lumagui said in a statement. President Ferdinand Marcos Jr signed into law on Wednesday the imposition of VAT on non-resident digital service providers such as streaming services and online search engines. The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon , Netflix , Disney , and Alphabet , in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday. Only domestic digital service providers are now subject to paying the 12% VAT, the agency said. Digital services provided by foreign firms are considered rendered in the Philippines if the digital services are consumed in the Southeast Asian nation, the revenue agency said.

Persons: Romeo Lumagui, Ferdinand Marcos Jr Organizations: Internal, Netflix, Disney, Google Locations: Philippines, Asia, Pacific, Philippine, Southeast Asia

☆ I attended Bryan Johnson's Don't Die Summit in Singapore. It started with a rave.
▼ + stars: | 2024-10-03 | by ( Amanda Goh | ) www.businessinsider.com time to read: +12 min

Bryan Johnson brought his "Don't Die" summit to Singapore in mid-September. This year, Bryan Johnson, the millionaire entrepreneur obsessed with reversing his biological age, brought his "Don't Die" summit to Singapore, less than two weeks after a similar event in San Francisco. The "Don't Die" summit organizers provided Business Insider with access to attend the event. Coinbase's former chief technology officer Balaji Srinivasan even talked about how he planned to "build an actual 'Don't Die' community" at his three-month crypto-focused "school" for adults in nearby Malaysia. As he invited several audience members onstage for a discussion about his "Don't Die" philosophy, I surveyed the room.

Persons: Bryan Johnson, Johnson, —, Taki Taki, blared, Amanda Goh, Coinbase's, Balaji Srinivasan, Horacio Villalobos, Dustin Giallanza, Andrea Maier, hasn't, Chrystal Fong, Dr, Fong, Marion Neubronner, Jacky Wang, Wang, Dan Buettner Organizations: Service, Bloomberg, National University of Singapore, FDA, AsiaHealth Partners Locations: Singapore, San Francisco, Miami , New York, Los Angeles, Valley, Southeast Asia, Malaysia, Taiwan

☆ Mech Dara: Concern grows for detained Cambodia journalist awarded by US for exposing online scam centers
▼ + stars: | 2024-10-03 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

The award-winning reporter is renowned for his investigations exposing corruption, environmental destruction and human trafficking in a country that heavily restricts press freedom. In 2023, Mech Dara won the US State Department’s TIP Hero Award for his work uncovering the multi-billion-dollar illegal scam center industry in Cambodia. Cambodia is ranked 151 out of 180 countries on Reporters Without Borders’ 2024 World Press Freedom Index. As a freelancer, Mech Dara worked for several local and international media outlets including Voice of Democracy, which was forced to close last year. At the time, Mech Dara told CNN: “We fought for the truth.

Persons: Dara, “, LICADHO, Mech Dara, Antony Blinken, Mech, Dara “, ”, Clampdown, Hun Sen, Hun Manet, Cambodia’s, Kate Schuetze Organizations: CNN, Cambodian, Court, Mech, US, Department’s, Embassy, USAID, USAID Cambodia Counter, European Union, US State Department, United Nations, US Institute of Peace, UN, Cambodia Rights, of Democracy, Amnesty International Locations: Cambodian, Phnom Penh, Cambodia, USAID Cambodia, Australia, Southeast Asia, Asia, Myanmar, Laos, Vietnam, ”

☆ A Cambodian maid was arrested and deported by Malaysia for criticizing Cambodian leaders on social media
▼ + stars: | 2024-10-03 | by ( Story The Associated Press | ) edition.cnn.com time to read: +4 min

Phnom Penh AP —A Cambodian woman who worked as a maid in Malaysia has been deported to her homeland for comments she posted on social media criticizing Cambodian government leaders, in the latest example of a Southeast Asian government helping another arrest a dissident. Nuon Toeun is neither an opposition leader nor a well-known activist. Radio Free Asia said Nuon Toeun was a supporter of the opposition Cambodian National Rescue Party, which was dissolved ahead of the 2018 general election as part of a crackdown on the opposition. The Khmer Movement for Democracy, a movement formed by opposition leaders in exile, condemned Nuon Toeun’s deportation from Malaysia. It said in a statement that she was working legally in Malaysia and had committed no crime except expressing her opinions.

Persons: Nuon, “, ″ Nuth, Nuon Toeun, couldn’t, Mech Dara, Cambodia’s, Hun Manet, Hun Sen, ” Organizations: Phnom Penh AP, Malaysian, Rights Watch, Cambodian, Radio Free, Cambodia People’s Party, Radio Free Asia, Cambodian National Rescue Party, Cambodian People’s Party, National Assembly, Facebook, ” Radio Free Asia, Khmer Movement for Democracy Locations: Phnom Penh, Malaysia, Asian, Cambodia, . New York, Vietnam, Laos, China, US, Prey, Radio Free Asia

☆ Japan’s new leader unveils cabinet ahead of snap election
▼ + stars: | 2024-10-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

TOKYO — Japan’s new Prime Minister Shigeru Ishiba on Tuesday unveiled his cabinet as he seeks to heal party divisions and secure a national mandate with an Oct. 27 snap election. The 67-year-old former defense minister, who last week won a close-fought contest to lead the governing Liberal Democratic Party (LDP), was confirmed earlier in the day as prime minister by parliament. In his victory speech on Friday, Ishiba spoke about the need to beef up Japan’s security after recent territorial incursions by Chinese and Russian military vessels. Five of the lawmakers who contested the leadership race with him have not been included in his government nor given key party jobs. But despite its troubles, the LDP, which has ruled Japan for most of the post-war era, remains likely to hold on to power in the upcoming election given Japan’s weak opposition.

Persons: Shigeru Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Shinzo, Sanae, Takeshi Iwaya, Gen Nakatani, Yoji, Ishiba, Yoshihiko Noda, “, ” Noda Organizations: Liberal Democratic Party, Washington, NATO, Nikkei, Constitutional Democratic Party of Japan, NHK, LDP, Mainichi, Constitutional Locations: TOKYO, Tokyo, United States, China, Beijing, U.S, East Asia, North Korea, Russian, Japan

☆ Microsoft's mammoth AI bet will lead to over $100 billion in data center leases
▼ + stars: | 2024-10-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

As Microsoft investors get ready for quarterly earnings this month, there's one particular metric that's become increasingly important: finance leases. Overall, Microsoft made $19 billion in capital expenditures in the latest quarter. "It's an insane ramp," said Charles Fitzgerald, a former Microsoft manager who writes about capital expenditures on his blog Platformonomics. Investors will get further clarity on Microsoft's lease finances when the company reports fiscal first-quarter results in late October. Executives at Microsoft and other top tech companies have approved higher capital expenditures in the past two years, often to boost their performance in generative AI.

Persons: Satya Nadella, Charles Fitzgerald Organizations: Microsoft, Investors Locations: Jakarta, Indonesia, U.S, Pennsylvania

☆ Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
▼ + stars: | 2024-10-01 | by ( Shubhangi Goel | Charissa Cheong | ) www.businessinsider.com time to read: +11 min

Some expat Indians are moving back home to launch companies of their own. But the chaos, where even established startups are trying and failing, makes India a fair playing field for new entrants, Hassan said. Programs like Startup India, which provides founders benefits like tax exemption, easier compliance, and funding support, have made creating a company smoother. Bhide returned to India in January, leaving behind about $580,000 in total compensation at ticketing platform StubHub. Bhide said the general sentiment among local founders is shifting from "Build from India" to "Build for India."

Persons: —, Nithin Hassan, — Hassan, Hassan, he's, Binod Khadria, Khadia, That's, Ben Mathias, VCs, Mathias said, Devyani Parameshwar, It's, Rohan Bhide, Bhide, Dhruv Anand, Dhruv Anand Dhruv Anand, Anand, Ruchit Garg, Garg, Niranjan Vemulkar, Vemulkar Organizations: Service, Amazon, Microsoft, Meta, Global Research, Diaspora, Business, Vertex Ventures, Indian, Startup, Reliance, Tech, Google Locations: India, Bengaluru, Oyo, Byju's, Asia, Africa, Delhi, Gurugram, Silicon Valley, It's, Mumbai, Bangalore

Search resuls for: "EAST ASIA"

25 mentions found