Artikel Meta Cuts 10% Workforce to Fuel Massive AI Expansion pertama kali tampil pada todayinasian.com.
]]>Meta will also freeze hiring for approximately 6,000 open positions, making the total reduction even larger. The layoffs are scheduled to begin on May 20, underscoring just how aggressively the company is reshaping itself. It is the latest chapter in Meta’s long-running “efficiency” campaign, though this time, the stakes are much higher—and much more artificial. Intelligence, that is. The other kind is still under review.
The primary driver behind these cuts is Meta’s enormous spending on AI infrastructure. The company has projected capital expenditures of as much as $135 billion this year, nearly double its previous outlays. That money is being funneled into massive data centers, specialized chips, cloud capacity, and the recruitment of elite AI researchers. Building the future, it turns out, is not cheap—especially when everyone else is bidding on the same engineers.
Read More: Uber Expands Delivery Hero Stake in $318M Prosus Deal
In an internal memo, Chief People Officer Janelle Gale acknowledged the painful reality. “This is not an easy tradeoff,” she wrote, adding that the company needs to “offset the other investments we’re making.” In corporate language, that translates roughly to: GPUs are expensive, and spreadsheets have no mercy.
The layoffs also reflect a broader shift across the tech industry. As AI tools become more capable, companies are rethinking the size and structure of their workforces. Tasks once handled by large teams can increasingly be automated or streamlined, allowing firms to operate leaner while pursuing larger ambitions. Meta, never one to think small, is betting heavily that AI will deliver both growth and long-term dominance.
For employees, however, the announcement lands with understandable anxiety. Those affected will receive severance packages, extended health benefits, and career support. Yet the message is unmistakable: Meta is prioritizing machines, infrastructure, and algorithms over headcount.
Put another way, Meta isn’t cutting because it’s weak. It’s cutting because it’s spending like a company determined to win the AI race—no matter how crowded, costly, or emotionally complicated that finish line may be.
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]]>Artikel Uber Expands Delivery Hero Stake in $318M Prosus Deal pertama kali tampil pada todayinasian.com.
]]>The transaction centers on Uber acquiring an additional 4.5% stake in the German-based delivery company from Dutch tech investor Prosus. Priced at about €270 million, the deal may appear modest at first glance, yet its implications stretch far beyond numbers. With this purchase, Uber strengthens its foothold in Delivery Hero, becoming one of its largest shareholders and reinforcing its influence in a sector where scale and partnerships often determine survival.
The timing is far from accidental. Prosus, previously Delivery Hero’s largest shareholder, has been under pressure from European regulators to reduce its stake following its acquisition of Just Eat Takeaway. This regulatory push opened a window—one that Uber stepped through with precision. By absorbing a portion of Prosus’ shares, Uber not only expands its investment but also positions itself more strategically within Europe’s fragmented delivery market.
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Delivery Hero itself responded positively to the development. In a statement, CEO Niklas Östberg welcomed the move, saying Uber’s increased investment is “a meaningful endorsement of our platform, our strategy, and our ongoing work to deliver long-term value.” His words carry a tone of confidence, suggesting that the partnership is less about competition and more about mutual reinforcement in a challenging industry.
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Behind this deal lies a broader ambition. Uber has been steadily expanding its food delivery operations across Europe, targeting new markets and aiming to significantly boost gross bookings in the coming years. The added stake in Delivery Hero complements this strategy, offering both financial exposure and strategic alignment in regions where direct expansion may be slower or more complex.
There is also an undercurrent of speculation. Some observers have wondered whether this move signals a deeper partnership—or even a potential acquisition down the line. Yet analysts have been quick to temper such expectations, noting that while the investment is significant, it does not necessarily point to an imminent takeover.
At its core, this development reflects a subtle shift in how tech giants compete—not always through outright dominance, but through carefully placed stakes that shape influence over time. In that evolving game, ownership becomes strategy, and even a few percentage points can redraw the map of competition.
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]]>Artikel Singapore Car Dealers Scramble to Save Megamart Lease pertama kali tampil pada todayinasian.com.
]]>The sprawling eight-storey complex, widely regarded as Singapore’s largest used-car hub, has long served as a central marketplace for dealers, buyers, and financiers alike. Housing over a hundred showrooms, it is not just a building but an ecosystem—one where deals are negotiated, livelihoods sustained, and reputations built over decades. Yet now, its future hangs in delicate balance.
At the heart of the urgency lies a firm deadline. All 76 unit owners must come together to raise the required sum by May 15, or face the prospect of vacating the premises by mid-July. The challenge, however, is not merely financial—it is also deeply collective. Every owner must agree and contribute, a condition that has proven difficult in past attempts. Earlier renewal offers had already lapsed after failing to secure unanimous consent, forcing authorities to extend deadlines and revise terms.
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There is a quiet tension beneath the surface of these negotiations. Some units have recently changed hands, and new owners are still in the process of arranging financing. Representatives of the group acknowledged this complexity, noting that time is needed for these stakeholders to secure the necessary funds. The situation becomes a delicate dance of coordination, where one delay can ripple across the entire agreement.
Despite the uncertainty, the value of the location remains undeniable. Situated in Ubi’s industrial zone, the Automobile Megamart offers a rare concentration of automotive businesses under one roof, attracting both casual buyers and serious investors. For many dealers, leaving the site would not just mean relocation—it would mean losing a strategic advantage cultivated over years.
Viewed through a broader lens, this moment captures the fragile intersection between property economics and business survival. A single deadline now carries the weight of an entire industry cluster, where collaboration is no longer optional but essential. The outcome, still unwritten, will determine whether the Megamart continues its journey toward 2040—or fades into memory as a once-thriving hub overtaken by time.
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]]>Artikel Dollar Weakens, Yen Rises as Rupiah Stumbles pertama kali tampil pada todayinasian.com.
]]>In Japan, the yen advanced on the back of growing speculation that the Bank of Japan may move toward tightening its long-standing loose monetary stance. Market watchers noted that rising inflation and steady wage growth have increased the likelihood of an interest rate adjustment. As a result, the yen has attracted strong investor support. According to Reuters, the currency also benefited from safe-haven demand amid concerns about U.S. Federal Reserve independence following political developments in Washington.
Meanwhile, the Chinese yuan gained momentum, climbing to its firmest level since the 2024 U.S. presidential election. Analysts linked this rally to supportive factors, including capital inflows, resilience in Chinese equities, and export-related hedging strategies. The Financial Times reported that Beijing’s policies have added further stability to the renminbi.
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In contrast, the Indonesian rupiah has been under strain. It slipped to around Rp16,560 per dollar, prompting Bank Indonesia to step up its market interventions. The central bank declared that it aims to guide the currency closer to Rp16,300 per dollar, deploying measures in both domestic and offshore markets. “Bank Indonesia continues to be in the market to ensure the rupiah remains stable and in line with its fundamentals,” the central bank stated, as cited by Reuters.
Regional analysts observed that the rupiah had previously led Asian currency gains earlier in the year due to expectations of U.S. interest rate cuts and capital inflows. However, recent political unrest has weighed on market confidence, making the currency more vulnerable compared to its regional peers.
Overall, Asian currencies remain sensitive to U.S. monetary signals. The yen and yuan have capitalized on current shifts in investor sentiment, while the rupiah’s latest slide underscores the challenges faced by emerging-market currencies in maintaining stability amid global and domestic pressures.
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]]>Artikel Japan Defies Tariffs with 1% GDP Growth in Q2 pertama kali tampil pada todayinasian.com.
]]>Cited from The Economic Times, on a quarter-over-quarter basis, real gross domestic product (GDP) increased by 0.3 percent, surpassing the modest 0.1 percent projection and outperforming market expectations. The Cabinet Office reported a 2 percent boost in exports, driven primarily by automakers accelerating shipments ahead of tariff implementation, and aided by a 90-day suspension on increased duties, giving exporters a brief but crucial window to send goods.
Aside from export strength, capital expenditure rose by 1.3 percent year-on-year, exceeding general expectations and reflecting sustained business investment. Private consumption ticked up 0.2 percent, showing only modest improvement and highlighting ongoing challenges for consumer demand.
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Net external demand played a vital role too, contributing an estimated 0.3 percentage points to GDP growth, a reversal from the previous quarter’s drag. Overall, the performance affirmed Japanese policymakers’ hopes that the nation would avoid slipping into recession, despite global trade uncertainties.
Nonetheless, analysts caution that this growth may be short-lived, largely stemming from pre-tariff shipment surges. As those stockpiled exports taper off, the economy may struggle to sustain momentum into Q3. Coupled with elevated inflation and stagnant wage growth, the outlook for continued expansion remains fragile, evidenced by the government’s revised annual growth forecast of 0.7 percent, lowered from 1.2 percent, acknowledging mounting headwinds.
Market reactions were immediate: the Japanese yen strengthened against the dollar following the GDP data, prompting speculation that the Bank of Japan may shift toward raising interest rates, potentially as early as late in 2025.
So while Japan’s latest GDP performance exceeded expectations, macroeconomic vulnerabilities—tariff-induced shocks, weak consumption, and inflation—cast an uncertain light on the sustainability of growth. The coming months will reveal whether this quarter marks a robust recovery or merely a brief reprieve.
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]]>Artikel Bank Indonesia Withdraws Four Banknotes pertama kali tampil pada todayinasian.com.
]]>According to a statement from BI, these older banknotes are being withdrawn due to the introduction of newer series that incorporate enhanced security features and improved durability. The central bank emphasized that the withdrawal is a standard procedure to ensure that the currency in circulation meets current technological and security standards.
Despite the withdrawal, BI assures the public that these banknotes will remain legal tender for a specified period. During this time, individuals can continue to use the notes for transactions or exchange them at commercial banks and BI offices.
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After the grace period, the notes will no longer be accepted for transactions but can still be exchanged at BI offices within a certain timeframe.
The central bank encourages the public to exchange the withdrawn banknotes promptly to avoid inconvenience. BI has coordinated with commercial banks to facilitate the exchange process, ensuring that it is accessible and efficient for all citizens. This move is part of BI’s broader efforts to modernize Indonesia’s currency system. By phasing out older banknotes and introducing new ones with advanced security features, BI aims to combat counterfeiting and enhance public confidence in the national currency.
The public is advised to stay informed about the withdrawal process and deadlines through official BI channels and to utilize the available exchange services within the stipulated periods. For more detailed information, individuals can visit BI’s official website or contact their customer service centers.
Source: tempo.co
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]]>Artikel DBS to Reduce 4,000 Contract Roles as AI Adoption Grows pertama kali tampil pada todayinasian.com.
]]>The reduction will primarily affect the bank’s 8,000 to 9,000 contract and temporary staff, with permanent employees remaining unaffected. A DBS spokesperson clarified that the decrease will occur through natural attrition as these roles phase out over the coming years. Despite the reduction, DBS plans to create 1,000 new positions focused on AI, reflecting the bank’s commitment to integrating advanced technologies into its operations. Gupta emphasized the unprecedented nature of this transition, stating, “In my 15 years of being a CEO, for the first time, I’m struggling to create jobs.”
This development aligns with broader industry trends, as global banks are increasingly leveraging AI to enhance efficiency and reduce operational costs. A recent Bloomberg Intelligence report suggests that banks worldwide may eliminate up to 200,000 jobs in the next three to five years due to AI-driven efficiencies. Gupta is set to be succeeded by Deputy CEO Tan Su Shan on March 28, 2025. As DBS navigates this technological transformation, the bank aims to balance operational efficiency with workforce considerations, ensuring a smooth transition for affected employees.
The strategic shift underscores the growing impact of AI across the financial sector, prompting institutions to adapt their workforce strategies in response to technological advancements.
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