Indonesia to build AI development centre with $200 million investment
Indonesia will have an artificial intelligence (AI) development centre with an investment of $200 million.
Communication and Informatics Minister Budi Arie Setiadi stated on Sunday the AI development centre will be established at Solo Techno Park, Solo, Central Java, with the collaboration of the US technology company NVIDIA and the telecommunications company Indosat Ooredoo Hutchison (IOH).
The park has been selected as the location since it is deemed to have adequate infrastructure and digital talents to be developed. In February 2023, it was re-inaugurated by the government as a creative public space supported by various technological development facilities.
In the Solo Techno Park area, there are two supporting facilities for Solo residents to innovate by utilising technology, namely Sembrani Building and Gumarang Building. The Sembrani Building is designated as a tech hub for conducting research and technology and innovation development, while the Gumarang Building is designated as an office building for one of Indonesia's leading e-commerce companies that is used as an office centre
Setiadi expressed hope that with the presence of those facilities, the Solo Techno Park can serve as a foundation for the AI development centre in Indonesia.
- Read More
PM urges lower interest rates, term extension for social housing loans
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to design credit packages for social housing buyers with interest rates 3-5 percentage points lower than popular lending rates.
Real Estate - Sat, May 18, 2024 | 8:46 pm GMT+7
Vietnam wood company GDT choosing most beneficial orders this year: chairwoman
Duc Thanh Wood JSC has received orders until August this year and “we’ve had to choose the most beneficial ones,” says La Hai Lieu, chairwoman of Duc Thanh Wood JSC.
Companies - Sat, May 18, 2024 | 8:05 pm GMT+7
Police chief To Lam nominated for State President position
General To Lam, member of the Party Central Committee’s Politburo, Minister of Public Security, has been nominated for the State President position, the Vietnam News Agency reported.
Politics - Sat, May 18, 2024 | 4:40 pm GMT+7
Vietnam likely to grow 5.5-6 % this year: think tank
Vietnam’s economy is likely to expand 5.5-6.0% this year, 0.5 percentage points lower than the government’s target, researchers with the Hanoi-based Vietnam Institute for Economics and Policy Research (VEPR) estimate.
Economy - Sat, May 18, 2024 | 4:31 pm GMT+7
Chu Lai Port in central Vietnam deploys Doosan Vina-produced crane system
Chu Lai International Port in the central province of Quang Nam has commissioned a specialized crane system to increase loading and unloading capacity, improving efficiency of its logistics service chain.
Companies - Sat, May 18, 2024 | 3:59 pm GMT+7
Emirates to add second daily Ho Chi Minh City-Dubai service
Dubai's flagship carrier Emirates will expand its presence in Vietnam by adding a second daily flight between Dubai and Ho Chi Minh City starting January 15, 2025, one month earlier than originally planned.
Travel - Sat, May 18, 2024 | 2:00 pm GMT+7
Police to join Vietnam central bank-led gold market inspections
Representatives from the Ministry of Public Security will join central bank-led inspection teams that are looking into gold trading at local credit institutions and companies.
Finance - Sat, May 18, 2024 | 11:44 am GMT+7
Livestock industry stocks rally on skyrocketing pork prices
Tickers of livestock farming companies gained sharply on Friday thanks to soaring pork prices.
Finance - Sat, May 18, 2024 | 10:09 am GMT+7
Housing, real estate business laws proposed to take effect from July 1
The Vietnamese government on Friday approved a proposal to put the new Housing Law and Law on Real Estate Business in place on July 1, six months earlier than the date approved by the National Assembly, the country's legislative body.
Real Estate - Sat, May 18, 2024 | 9:52 am GMT+7
Central Vietnam province eyes seaport infrastructure as catalyst for investment attraction
Vietnam’s central coastal province of Thua Thien-Hue is increasingly becoming a promising land for seaport infrastructure investors, thanks to the enormous potential of its marine system and coastal lagoons.
Infrastructure - Sat, May 18, 2024 | 9:44 am GMT+7
Pi Group member to delay bond interest payment, cites ailing property market
Phuong Dong Land, a subsidiary of Ho Chi Minh City-based real estate developer Pi Group, has said it will delay bond interest payments of more than VND53.5 billion ($2.1 million).
Companies - Sat, May 18, 2024 | 8:06 am GMT+7
Luxury realty brand Christie’s International Real Estate enters Vietnam
Christie’s International Real Estate has announced its expansion into Vietnam through a new venture, S&S Christie’s International Real Estate, to tap one of the fastest-growing luxury markets in the world.
Real Estate - Fri, May 17, 2024 | 11:43 pm GMT+7
Three Vietnamese dishes among TasteAtlas world’s top 100 salads
Pho tron (mixed noodle), nom (salad) and goi ga (Vietnamese shredded chicken salad) are placed among the top 100 salads in the world by TasteAtlas, an international food website.
Travel - Fri, May 17, 2024 | 11:32 pm GMT+7
UK trade commissioner visits Vietnam for CPTPP ratification
UK Trade Commissioner for Asia Pacific Martin Kent has wrapped up his first official visit to Vietnam as the UK is lobbying for the ratification of its joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Economy - Fri, May 17, 2024 | 11:10 pm GMT+7
Singapore’s GDP to grow 2.1% this year: IMF
The International Monetary Fund (IMF) predicted that the recovery in manufacturing, tourism and consumer-facing services will create momentum for Singapore’s economy to grow by 2.1% in 2024, a pickup from 1.1% last year.
Southeast Asia - Fri, May 17, 2024 | 10:26 pm GMT+7
Industrial park developer BW secures $44 mln loan from Thailand’s Kasikornbank
BW Industrial Development JSC, a leading logistics and industrial real estate developer in Vietnam, and Thailand’s major lender Kasikornbank have established a VND1.12 trillion ($44 million) strategic financial partnership.
Industrial real estate - Fri, May 17, 2024 | 8:18 pm GMT+7