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Home Business (page 24)

Business

Business News Today: Get all the Latest Business News, Market News, Asian and International Business News on the Asian Affairs.

Largest tech firm in Indonesia have plummeted following a massive first-half loss

By The Asian Affairs
August 31, 2022
in :  Business, Indonesia, Technology
Largest tech firm in Indonesia have plummeted following a massive first-half loss

Shares of PT GoTo Gojek Tokopedia Tbk, the largest technology company in Indonesia, dropped by as much as 6.8 percent on Wednesday, a day after the company disclosed significant losses during the interim period and warned of an uncertain market forecast. According to a report from Reuters on Tuesday, the company, which made its debut on the public market in …

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Meta’s Facebook has reached an agreement to settle a data privacy complaint

By The Asian Affairs
August 27, 2022
in :  Business, Technology, World
Meta's Facebook has reached an agreement to settle a data privacy complaint

A court filing revealed that Facebook, which is owned by Meta Platforms Inc., has reached an agreement in principle to settle a lawsuit that was filed in a federal court in San Francisco and sought damages because Facebook allowed third parties, including Cambridge Analytica, access to the private data of its users. The motion that was submitted on Friday asked …

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Thailand approves the first price increase for instant noodles in 14 years

By The Asian Affairs
August 25, 2022
in :  Business, Thailand
Thailand approves the first price increase for instant noodles in 14 years

The trade department of Thailand said on Wednesday (August 24) that there will be an increase in the price of Thai instant noodles. This will be the first price hike on the essential daily staple in the past 14 years. The economy of the kingdom has not recovered despite the fact that it was fully reopened to tourists earlier this …

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The Manila Jockey Club is discontinuing horse racing operations and shifting its focus to real estate

By The Asian Affairs
August 24, 2022
in :  Business, Philippines
The Manila Jockey Club is discontinuing horse racing operations and shifting its focus to real estate

It has been decided that the Manila Jockey Club (MJC), which is one of the oldest horse racing clubs in Asia, will not renew its franchise and will instead cease all horse racing operations. MJC disclosed to the Philippine Stock Exchange on August 24 that its board of directors had made the decision not to pursue an application for its …

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Is Maya providing its users with free Bitcoin?

By The Asian Affairs
August 23, 2022
in :  Business, World
Is Maya providing its users with free Bitcoin

Customers of Maya who were taken aback to discover that they had unexpectedly received free Bitcoin in their Maya accounts during the previous several days have been sharing their experiences on social media. In the event that you were unaware, Bitcoin is a form of digital currency, sometimes known as crypto. People are able to utilize a form of digital …

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The art market continues its rocky crypto romance

By The Asian Affairs
August 21, 2022
in :  Business, Lifestyle, World
The art market continues its rocky crypto romance

The majority of individuals can only ever come close to owning a world-famous artwork if they purchase an inexpensive poster from a gallery; yet, art dealers are committed to utilizing technology in order to attract new collectors. Anaida Schneider, a former banker based in Switzerland, is one of those supporting new ownership schemes. Investors can buy a digital portion of …

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Workweek cutbacks are on the horizon in Malaysia, according to a report

By The Asian Affairs
August 20, 2022
in :  Business, Lifestyle, Malaysia
Workweek cutbacks are on the horizon in Malaysia, according to a report

M. Saravanan, the Minister of Human Resources for Malaysia, stated on Friday (August 19) that an announcement on a reduction in the number of weekly working hours from 48 to 45 will be made in the near future. According to an article that was published in the Star, he was reported as stating, “Please be patient for another week. I …

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Is Grab on the verge of becoming the next Netflix – and not in a good way?

By The Asian Affairs
August 18, 2022
in :  Business, Opinion, Technology
Is Grab on the verge of becoming the next Netflix - and not in a good way?

Have you been traveling on public transportation, such as the bus or train, more regularly as of late? Or, have you been devoting extra time to booking a ride through your mobile app, preparing yourself for fare surges and longer waiting periods, and then rushing out the door to meet your ride before the grace period expires? The ride-hailing industry …

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The Philippines has a sugar scarcity, as confirmed by Coke, Pepsi, and RC Cola

By The Asian Affairs
August 16, 2022
in :  Business, Economy, Philippines
The Philippines has a sugar scarcity, as confirmed by Coke, Pepsi, and RC Cola

Because of rising commodity prices and a dispute between the government and importers, the leading producers of soft drinks in the Philippines have issued a rare unified statement in which they corroborate claims of a refined sugar scarcity. ARC Refreshments Corporation, Coca-Cola Beverages Philippines, and Pepsi-Cola Products Philippines have all stated that the industry is currently experiencing a shortage of …

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Korea Inc.’s labor shortage brings back older workers

By The Asian Affairs
August 16, 2022
in :  Business, South Korea
Korea Inc.'s labor shortage brings back older workers

Korea Inc.’s labor shortage brings back older workers When Hwang Kwang-business jo’s in Seoul faced a staffing constraint early this year as a result of the departure of Nepalese workers and younger locals, he hired a 61-year-old to take up some of the work that had been left unfinished. The epidemic has reduced South Korea’s pool of foreign labor, which …

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