Sri Lanka has imposed a temporary 50 per cent surcharge on customs import duty for imported vehicles, aiming to slow demand for foreign exchange as higher oil prices and Middle East tensions put pressure on the rupee.
The measure, effective from 16 May for three months, applies to selected motor vehicles including passenger cars, jeeps, vans, buses, goods transport vehicles, ambulances, electric vehicles and hybrids. Vehicles for which letters of credit were opened on or before 15 May are exempt, limiting
Seoul’s benchmark Kospi crossed 8,000 for the first time on Friday, powered by a surge in artificial intelligence-linked shares that has turned South Korea into one of the world’s strongest equity markets this year.
The Korea Composite Stock Price Index touched 8,001.40 in early trade at about 9.15am, extending a rally that has accelerated since early May as investors crowded into semiconductor, memory-chip and data-centre supply chain stocks. The move marked another symbolic milestone for a market that only passed 7,000
Votee AI and its Toronto-based research lab Beever AI have open-sourced Beever Atlas, a software platform designed to convert workplace conversations across Telegram, Discord, Mattermost, Microsoft Teams and Slack into a searchable, self-updating knowledge base.
The release places the Hong Kong-headquartered enterprise AI company in a fast-growing contest to solve one of the most persistent problems in digital workplaces: valuable decisions, project updates and technical context disappearing inside chat threads. Beever Atlas is being offered in an Apache 2.0 Open Source
Singapore Airlines’ annual net profit fell sharply as Air India’s widening losses and the absence of a one-off accounting gain outweighed stronger operating performance at the group, while the Iran war added fresh uncertainty through higher jet-fuel costs and airspace disruption.
The Singapore flag carrier reported net profit of S$1.18 billion for the year ended March 31, down 57.4 per cent from the previous year. Operating profit, by contrast, rose 39 per cent to S$2.38 billion, helped by robust passenger