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The Business Times - Find latest business & financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific & global market news and more at The Business Times. Find latest business & financial news including analysis and opinion on top business stories, stock markets in
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News
TikTok explores feature to send money over direct messages, extending financial services push
3+ week, 4+ day ago (662+ words) [NEW YORK] TikTok is exploring a feature that would allow users to send money to each other in direct messages, in a move that would extend the social media app’s push into financial services. The in-development feature, if launched, would…...
Indonesia’s new e-commerce tax mechanism: Who pays, who loses and what it means for online shopping
1+ mon, 2+ week ago (1043+ words) The new regulation will apply from Aug 1 [JAKARTA] Indonesia will require major e-commerce platforms to collect income tax directly from millions of online sellers from Aug 1, as the government steps up efforts to bring its rapidly expanding digital economy into…...
How Temasek is leveraging AI for better all-round performance
2+ mon, 3+ day ago (1518+ words) It plans to grow AI-linked investments from 6% to 15% of its portfolio, says Temasek Global Investments’ CEO [SINGAPORE] As markets remain caught up in the latest hype over SpaceX and artificial intelligence, investment company Temasek has been quietly focused on tapping…...
Singapore’s Sea sets up AI investment team as part of pivot beyond e-commerce
3+ mon, 2+ week ago (422+ words) Sea has been embedding AI in small ways like through product recommendations and seller tools SEA has set up a dedicated team to scout for new investments in AI, part of a broader effort to accelerate forays into the technology…...
Singapore, US, and 17 other WTO members agree among themselves not to impose duties on e-commerce
4+ mon, 4+ day ago (547+ words) [GENEVA] The US and more than a dozen other countries including Japan, South Korea, Singapore and Australia on Thursday (May 7) launched their own pact to not impose duties on e-commerce after no agreement was reached to end deadlock with Brazil,…...
“Not just a change in furniture but a new lifestyle”: How furniture retailers are tackling challenges
6+ mon, 2+ week ago (1172+ words) Industry players are branching into new products or businesses and leveraging different platforms [SINGAPORE] High rental costs, manpower shortages, intense competition and shifting consumer behaviour. You could say the difficulties facing the local furniture industry are no different from those…...