
Singapore's 240,000 Millionaires Spur Spending on Luxury Brands
Luxury sales in the Southeast Asian city-state are expected to climb 7% to S$13.9 billion ($10.9 billion) this year compared to 2024, outpacing heavyweight regional shopping hubs Japan, China and South Korea, according to data shared with Bloomberg by Euromonitor International.
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Thailand has submitted latest trade proposal to United States, finance minister says
BANGKOK (Reuters) -Thailand has submitted its latest trade proposal to the United States, its finance minister Pichai Chunhavajira said on Monday, as it tries to head off steep tariffs from its largest export market. Washington has threatened to impose a 36% levy on imports from Thailand if a reduction cannot be negotiated before July 9, when a 90-day pause capping tariffs at a baseline of 10% for most nations expires. The United States accounted for 18.3% of Thailand's shipments last year, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion. "We heard their feedback and what what they were especially interested in and we adjusted it," said minister Pichai Chunhavajira, who returned from Washington last week following talks. He said there could be other adjustments in future. Thailand's top three exports to the United States last year were computers, teleprinters and telephone sets, and rubber products. Its top three imports from the U.S. were crude oil, machinery and parts, and chemicals. Thai state-owned energy giant, PTT Group in June signed an agreement to procure 2 million metric tons of liquefied natural gas per year from Glenfarne's Alaska LNG project over a 20-year term. The $44 billion project has been championed by U.S. President Donald Trump. Pichai earlier said Southeast Asia's second-largest economy could expand by just over 1% this year due to the impact of U.S. tariffs. Thailand's economy has struggled with weak consumption, soaring household debt, slowing tourism, trade uncertainty and potentially steep U.S. tariffs. Last month, the central bank forecast economic growth of 2.3% this year, after last year's growth of 2.5% lagged peers in the region. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
an hour ago
- Bloomberg
Kiwi Rally May Lose Steam as Rate Cuts Loom for Sluggish Economy
The New Zealand dollar's rally may fade in the second half of the year, as the central bank continues to cut interest rates and the local economy remains sluggish. With the economic recovery still uneven, strategists see the kiwi's gain likely topping out at 62 US cents by year-end, according to a median forecast compiled by Bloomberg. Kiwibank anticipates a decline to 60 US cents if the Reserve Bank of New Zealand reduces borrowing costs.
Yahoo
an hour ago
- Yahoo
AI Is Transforming Corporate Learning - Inflearn Launches Multilingual Subscription Service for Enterprises
Automated dubbing system supports Chinese and Vietnamese, helping close global workforce learning gaps SEOUL, South Korea, July 7, 2025 /PRNewswire/ -- Inflab, South Korea's leading provider of B2B IT education, today announced the global launch of Inflearn, its AI-powered, multilingual subscription-based learning platform. Engineered to meet the evolving needs of global enterprises, Inflearn harnesses advanced AI to deliver seamless, inclusive corporate learning experiences—transcending language barriers. Already the most trusted IT education platform in South Korea, Inflearn serves over 3,200 enterprise clients with career-focused online courses spanning software development, product management, marketing, design, and leadership. With its global expansion, Inflab aims to eliminate language gaps and provide consistent, high-quality training for distributed teams worldwide. The newly launched global version introduces a real-time localization system that features automated dubbing in English, Japanese, Chinese, and Vietnamese. Unlike conventional dubbing solutions, Inflearn's AI replicates the original instructor's voice tone and cadence, delivering natural, human-like narration—even for longer-form content over 15 minutes. This breakthrough not only streamlines the localization process but also enhances learner engagement and retention. What sets Inflearn apart is its proprietary translation engine, purpose-built for IT and technical education. This ensures accurate subtitles and voiceovers, even in content filled with industry-specific terminology—an essential advantage for enterprise-level training. "With Inflearn's global platform, we're building a unified learning environment that empowers multinational workforces and drives global growth," said Hyungju Lee, CEO of Inflab. "From enterprise-tailored content to expanded language support, we are redefining how companies train, upskill, and enable their teams." Inflearn is currently the only platform offering automated dubbing in both Chinese and Vietnamese, positioning it uniquely within the global corporate learning and HR development (HRD) market. Inflab plans to expand further through strategic partnerships with global corporations and regional subsidiaries, with upcoming updates to include additional languages, specialized training tracks, and adaptive localization features. About Inflab InfLab is a leading edtech company based in South Korea and the creator of Inflearn, the country's premier platform for IT and career-focused education. Committed to making practical learning accessible to all, InfLab delivers high-quality online training in software development, product management, marketing, design, and leadership. Serving over 3,200 corporate clients and offering a growing catalog of more than 4,200 courses, InfLab operates Korea's most widely adopted B2B learning platform. The company continues to lead innovations in enterprise training through AI-powered technologies and multilingual learning solutions for today's global workforce. View original content to download multimedia: SOURCE Inflab Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data