The International Monetary Fund (IMF) has raised concerns about the potential impact of artificial intelligence (AI) on employment across the globe. IMF Managing Director Kristalina Georgieva highlighted the significant challenges that advancements in AI could pose to the labor market, with a recent IMF report indicating that AI will influence 60% of jobs in developed regions and 40% of jobs worldwide.
Oil prices slipped on Monday with traders watching out for supply disruption risk in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea.
Vietnam is set to achieve a 6% growth in its gross domestic product (GDP) for the year 2024, a target that aligns with the projections made by HSBC and the expectations of the National Assembly. The Southeast Asian nation is experiencing an economic upswing, buoyed by substantial foreign direct investment (FDI) inflows, which saw $36.6 billion registered and $23.2 billion implemented in the preceding year.
The dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the Chinese yuan struggled near a one-month low ahead of a slew of economic data this week.
Natural Rubber (NR) production decreased by 6.9 per cent in November 2023 (30,669 tonnes) as compared to October 2023 (32,944 tonnes). Year-on-year comparison showed that the production of NR increased by 9.3 per cent (November 2022: 28,048 tonnes). Production of NR in November 2023 for Malaysia was mainly contributed by smallholders sector (85.3%) as compared to estates sector (14.7%).
Federal Reserve policymakers may not be quite as eager to start cutting interest rates as soon as March after fresh data showed inflation ticked up in December. The consumer price index (CPI) rose 0.3% in December after increasing 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday. From a year earlier, consumer prices rose 3.4%, more than the 3.2% economists polled by Reuters had expected.