DIRS.INFO The most relevant business & tech news

A new Indonesian private island, named ONE°15 Marina Nirup Island, opened in July nine miles south of Singapore. The hotel will have 94 rooms and 52 villas, according to the representative. Rendering of a hotel lobby and lounge on Nirup Island, Indonesia, set to open in late 2024. Fifty villas will be for sale, while an additional 30 will be managed by the island's Westin hotel, according to the representative. Arthur Tay, CEO of SUTL Enterprise, said the opening of the marina will ease demand for yachting berths in Singapore.

Persons: Sinar, Arthur Tay Organizations: Westin Hotels, Resorts, PT, SUTL, CNBC Travel Locations: Singapore, Indonesian, Nirup, Indonesia, Southeast Asia, Philippines, Riau

☆ Food delivery apps Grab and Foodpanda expand into dine-in services as explosive growth stalls
▼ + stars: | 2023-08-03 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Bryan van der Beek | Bloomberg | Getty ImagesSINGAPORE — Singapore-based food delivery apps Grab and Foodpanda are expanding into the dine-in space, as consumers look to eat out more post-pandemic. Foodpanda was the first food delivery companies in Singapore to introduce dine-in features in 2021. Food delivery is currently still Foodpanda's largest business, followed by grocery delivery, he said. In June, food delivery service AirAsia Food launched dine-in services in collaboration with restaurant reservation platform eatigo. Food delivery apps want to help [restaurants] get some business in terms of dining in and booking.

Persons: Bryan van der Beek, Bernstein, Foodpanda, Jakob Sebastian Angele, Jonathan Woo, Phillip Securities Research Angele, TabSquare, Jein, GrabFood's, Tay, Woo, Sachin Mittal Organizations: Central Business District of Singapore, Bloomberg, Getty, SINGAPORE —, CNBC, Phillip Securities Research, AirAsia Food, DBS Bank Locations: SINGAPORE, SINGAPORE — Singapore, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Hong Kong, Pakistan, Bangladesh, Asia Pacific

☆ Workers at a Burger King near Atlanta say they're getting sick working with no AC in 95-degree heat
▼ + stars: | 2023-07-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The exhaust over the grill doesn't even work," Burger King employee and USSW member Arnice Sykes said in a statement. At a @BurgerKing in Decatur, the A/C is broken, workers are getting sick because of it, and Burger King does nothing. We spoke out along with other service workers to demand this extreme heat issue is stopped! Last week, workers at McDonald's locations in Houston, Texas, and Los Angeles each walked out after working without AC during heatwaves. And in Italy, unionized McDonald's workers went on strike as temperatures there reached 104 degrees Fahrenheit.

Persons: Burger, walkouts, Arnice Sykes, I've, Burger King Organizations: Burger King, Service, Dollar, Union of Southern Service Workers, US Occupational Safety, Health Administration Locations: Georgia, Wall, Silicon, Decatur , Georgia, Atlanta

Ministry of Finance data showed on Thursday that exports rose 0.6% year-on-year in May, for the 27th straight month of rises, led by 66% growth in car shipments. Reuters GraphicsThis year, domestic demand may temporarily outpace slumping exports as a key driver of growth, said Takeshi Minami, chief economist at Norinchukin Research Institute. Separate government machinery orders data, also released Thursday, underlined the struggles faced by manufacturers though the overall numbers suggested the services sector is providing some cushion to the economy. U.S.-bound exports, another key market for Japanese exports, grew 9.4% in the year to May on double-digit gain in car shipment. "For the outlook of Japanese exports, the U.S. Fed's rate-hike pause is a positive news that will further vitalise American private consumption", said Kazuma Kishikawa, economist at Daiwa Institute of Research.

Persons: Darren Tay, Takeshi Minami, Kazuma Kishikawa, Tetsushi Kajimoto, Riddhima Talwani, Shri Navaratnam Organizations: Ministry of Finance, Capital Economics, Reuters, Norinchukin Research, Bank of Japan, Daiwa Institute of Research, Thomson Locations: TOKYO, Taiwan, South Korea, Japan, China, U.S

☆ Southeast Asia’s worst-performing stock market is UBS’s ‘top pick’
▼ + stars: | 2023-05-22 | by ( Audrey Wan | ) www.cnbc.com time to read: +3 min

Pita Limjaroenrat, leader of Move Forward Party, attends a press conference of the Thai pro-democracy parties in Bangkok. While the benchmark SET index initially rose when the results came through, but eventually gave up those early gains. In fact, Thai stocks are the worst performers in Southeast Asia this year, but Tay says Thailand is his "top pick" in the region. Thailand's SET index is down 9.22% this year, the biggest laggard in the broader Asia Pacific region. The Move Forward party has called for reforms to the monarchy, including changing its defamation law.

Services inflation accelerated to 1.7% in April from 1.5% in March, the data showed, suggesting that rising labour costs may be starting to feed into broader consumer inflation. "Given stubborn food price pressures, we now expect underlying inflation to peak at 4.5% by mid-year," said Darren Tay, Japan economist at Capital Economics. "But the inflationary cycle is probably at its tail end - producer price inflation has fallen significantly over the past three months. Ueda has stressed the need to keep monetary policy ultra-loose until inflation is sustainably around 2% and accompanied by wage hikes. He has also said Japan's core consumer inflation will slow back below 2% toward the latter half of the current fiscal year ending in March 2024.

☆ China's property market recovery needs to be more 'broad-based,' UBS says
▼ + stars: | 2023-05-18 | 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's property market recovery needs to be more 'broad-based,' UBS saysKelvin Tay of UBS Global Wealth Management says the sector's recovery is, at the moment, confined to China's Tier-1 cities and government-backed developers.

☆ How 2 dancers built TikTok side hustles and how much money they make
▼ + stars: | 2023-05-16 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Dance trends helped TikTok gain traction when the app first exploded in early 2020. TikTok has also helped several trained dancers earn income through brand deals and land jobs. TikTok has revolutionized the dance industry, helping professionals like Mahale earn more money and changing the fabric of choreography itself. From January to March, she made $1,500 in paid brand deals, according to documentation viewed by Insider. TikTok has also helped Mahale get more opportunities as a professional dancer.

☆ How much 2 professional dancers who create content for TikTok on the side have earned from brand deals — and how the app has opened doors for them into TV and film
▼ + stars: | 2023-05-10 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Dance trends helped TikTok gain traction when the app first exploded in early 2020. TikTok has also helped several trained dancers earn income through brand deals and land jobs. From January to March, she made $1,500 in paid brand deals, according to documentation viewed by Insider. TikTok has also helped Mahale get more opportunities as a professional dancer. Tay Marquise, who has 606,800 followers on TikTok, said he's also landed multiple brand deals and part-time opportunities because of his dance videos on the app.

☆ How Do We Ensure an A.I. Future That Allows for Human Thriving?
▼ + stars: | 2023-05-02 | by ( David Marchese | ) www.nytimes.com time to read: +16 min

Some of us would like to slow this down because we are seeing more costs every day, but I don’t think that means that there are no benefits. We may someday have a technology that revolutionizes science and technology, but I don’t think GPT-5 is the ticket for that. Combine that human overattribution with the reality that these systems don’t know what they’re talking about and are error-prone, and you have a problem. I don’t think we should go after an individual who posts a silly story on Facebook that wasn’t true. I don’t think, however, that the technology we have right now is very good for that — systems that can’t even reliably do math problems.

☆ How to put your best travel foot forward for Earth Day 2023
▼ + stars: | 2023-04-22 | by ( Forrest Brown | ) edition.cnn.com time to read: +20 min

But you don’t have to totally cut out travel or stay super close to home to be a good planetary citizen. You need a city that’s dedicated to getting it right to best enjoy an urban biking vacation. Here, we've curated 30 of our favorite corners, including the Thu Bon River, which flows through central Vietnam. A maze of rivers and caves, the UNESCO World Centre is defined by its craggy limestone facades and jade green water. Bruno De Hogues/Photodisc/Getty Images Phong Nha-Ke Bang National Park: A UNESCO World Heritage, Phong Nha-Ke Bang National Park is heaven for spelunkers.

☆ U.S. Fed might start talking about living with a higher inflation target next month, UBS says
▼ + stars: | 2023-04-19 | 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 EmailU.S. Fed might start talking about living with a higher inflation target next month, UBS saysKelvin Tay of UBS Global Wealth Management says "communication has always been the Federal Reserve's way of managing market expectations and managing the market itself."

☆ Swiss bank Julius Baer makes key appointments in Southeast Asia
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, April 13 (Reuters) - Zurich-based Julius Baer (BAER.S) has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday. Kevin Tay will assume Yee's previous role as group head of South East Asia, with all appointments coming into effect on Thursday, according to the statement. Prior to joining Julius Baer in 2015, he had worked with Credit Suisse, Deutsche Bank and J.P. Morgan, according to Thursday's statement. The appointments come as Julius Baer intensifies its focus on Asia, its second home market. Meanwhile, Julius Baer named Yee Kim Tan as its Singapore branch manager.

☆ How to fall in love with your 9-to-5 again
▼ + stars: | 2023-04-10 | by ( Alexandra York | Rachel Durose | ) www.businessinsider.com time to read: +7 min

In June 2022, at least 50% of workers across the country were quiet-quitting, according to a poll by Gallup. "It's helping me not burn out as much, and I'm actually doing a better job at work because I'm not resentful or tired all the time." Take on these more fulfilling roles if you're looking "to still be succeeding in your work and furthering yourself but in the guise of that 9-to-5," Luong said. "Now when I'm working, I'm focused on work, but I'm super efficient in getting work done so I can focus on my business." Living in a New York City apartment, Farage told her manager she felt stuck working from home every day.

☆ Microsoft's $13 billion bet on OpenAI carries huge potential along with plenty of uncertainty
▼ + stars: | 2023-04-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

Microsoft's cumulative investment in OpenAI has reportedly swelled to $13 billion and the startup's valuation has hit roughly $29 billion. What does that mean for Microsoft's investment and broader arrangement? The structure changed in 2019, when two top executives published a blog post announcing the formation of a "capped-profit" entity called OpenAI LP. Microsoft has an exclusive license on GPT-4 and all other OpenAI models, the OpenAI spokesperson said. When considering potential exits for OpenAI, Microsoft — which does not hold an OpenAI board seat — would be the natural acquirer given its close entanglement.

☆ How TikTok became a 'gold mine' for dancers looking to get discovered and changed the way they make money
▼ + stars: | 2023-04-07 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +11 min

"This app is a gold mine for artists like me who are still looking for their big break," Dharmapuram said. As TikTok has ascended, popular artists from Dua Lipa to Lizzo have integrated TikTok dances into their promotional strategies and seen their songs go viral. TikTok creators, professional dancers, choreographers, and dance companies who spoke with Insider said the app had changed the way they choreographed, helped them earn more money, and given them access to career opportunities they otherwise wouldn't have had. TikTok has also given dance companies and agents access to talent they otherwise wouldn't have known about. Even dance companies like American Ballet Theatre have gotten on the bandwagon.

☆ How TikTok has changed the dance industry, becoming a 'goldmine' for performers looking for their big breaks and driving choreography that fits the frame
▼ + stars: | 2023-04-06 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +11 min

"This app is a goldmine for artists like me who are still looking for their big break," Dharmapuraum said. As TikTok has ascended, popular artists from Dua Lipa to Lizzo have integrated TikTok dances into their promotional strategies and seen their songs go viral. TikTok has also given dance companies and agents access to talent they otherwise wouldn't have known about. Even dance companies like American Ballet Theatre have gotten on the bandwagon. As more people have hopped on TikTok dance trends, creators, especially those of color, have called for proper crediting for choreography, which the app has tried to address with more tools.

☆ Welcome to Swift City: When Taylor Swift comes to town, businesses build new bars, prepare thousands of cookies, and welcome over 150,000 Swifties
▼ + stars: | 2023-03-17 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Glendale, Arizona, which hosts the first two dates, has renamed itself Swift City in her honor. Usually, it's known as Glendale, Arizona, but the city hosting the kick-off show for Taylor Swift's "Eras Tour" has fully embraced Swiftsanity, renaming itself Swift City for Friday and Saturday. The Swift City logo. The Swift City proclamation. "Now, Glendale is Swift City, so we welcome them with open arms," he added.

☆ We need do 'out-of-the-box things' to close the gender gap in tech, says Cisco
▼ + stars: | 2023-03-10 | 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 EmailWe need do 'out-of-the-box things' to close the gender gap in tech, says CiscoBee Kheng Tay of the technology company says the pandemic has widened the gender diversity gap.

☆ Two of four Americans kidnapped in Mexico are alive, two dead
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

[1/3] Mexican authorities search for evidence as they work to locate four Americans who were shot by gunmen and then kidnapped shortly after crossing the border with Brownsville, U.S. Texas, in Matamoros, Mexico March 6, 2023. REUTERS/StringerMEXICO CITY, March 7 (Reuters) - Two of four Americans who went missing on Friday in the Mexican northern border state of Tamaulipas are alive, and two are dead, the state governor said on Tuesday. Separately, a Mexican official told Reuters that two of the men had been found dead. The woman and another man were alive, safe and in the hands of authorities, the official said. The four Americans were in a white minivan when they entered the border city of Matamoros, Tamaulipas, on Friday.

The Tokyo core consumer price index (CPI), which excludes fresh food but includes fuel costs, exceeded the BOJ's 2% target for nine straight months. The slowdown was mostly due to the effect of government energy subsidies to curb soaring utility bills, the data showed. It marked the fastest year-on-year pace of increase since August 1991, when the index also rose 3.2%. Service inflation, which the BOJ sees as key to achieving sustained wage growth, perked up to 1.3% in February from 1.2% in January, the data showed. Nationwide core consumer prices rose 4.2% in January from a year earlier, hitting a fresh 41-year high, as an increasing number of companies passed on higher costs to households.

☆ Even at its weirdest, most unhinged moments, Bing's chatbot is making Microsoft relevant again
▼ + stars: | 2023-03-01 | by ( Alex Kantrowitz | Big Technology | ) www.businessinsider.com time to read: +6 min

Screenshots of a maniacal, unhinged Bing chatbot have flooded the internet this week, showing the bot condescending, gaslighting, and trying to steal husbands. Even in its weirdest moments, Bing's chatbot has brought new relevance to Microsoft and its search division. "The fact that people are even writing about Microsoft Bing at all is a win," one Microsoft employee told me this week. Now, interest in Bing is soaringThe Bing app set its daily download record over the weekend, according to Apptopia. (Upon joining the waitlist for Bing's chatbot, Microsoft encourages downloading the app to get earlier access.)

☆ Japan's factory output posts biggest fall in 8 months on weak autos, chips sectors
▼ + stars: | 2023-02-28 | by ( Kantaro Komiya | ) www.reuters.com time to read: +4 min

In contrast, retail sales posted their fastest growth in nearly two years, separate data showed, highlighting the divergent paths between soft manufacturing and robust service-sector activity. Factory output fell 4.6% in January from a month earlier on a seasonally adjusted basis, government data showed on Tuesday. Separate data showed Japanese retail sales rose 6.3% in January from a year earlier, beating a median market forecast for a 4.0% gain and posting an eleventh consecutive month of expansion. Despite the production cuts, retail sales of autos rose 19.3% year-on-year, suggesting strong pent-up demand among domestic consumers caused by delivery delays. Compared with the previous month, retail sales expanded 1.9% in January, following a 1.1% rise in December, the data showed.

☆ How ChatGPT’s AI Will Become Useful
▼ + stars: | 2023-02-27 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

In the rudimentary days of videogames, I met the team that created the first multiplayer Formula 1 Grand Prix racing game. Gives new meaning to the Facebook motto: Move fast and break things. That’s exactly what’s going on with the newfangled generative AI chatbots. A New York Times reporter was “thoroughly creeped out” after using Microsoft Bing’s chatbot. In 2016 Microsoft had to shut down its experimental chatbot, Tay, after users turned it into what some called a “neo-Nazi sexbot.”

☆ Bing's first week with AI superpowers was a Wild West of excitement, misinformation, and dystopia — and showed Google has nothing to worry about just yet
▼ + stars: | 2023-02-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Microsoft Bing had an up-and-down first week after relaunching with new AI superpowers. Bing, Microsoft's search engine, has been revamped with artificial intelligence superpowers. Google's eponymous search engine is getting the same treatment. For one, its launch hasn't gone completely to plan — and even Microsoft admitted Bing has gone rogue in certain circumstances. And in Google, Bing faces a mighty foe.

Search resuls for: "tay"

25 mentions found