Month: November 2020

Best Business Books 2020: Technology & innovation

Anthony M. Townsend
Ghost Road: Beyond the Driverless Car (Norton, 2020)

Reed Hastings and Erin Meyer
No Rules Rules: Netflix and the Culture of Reinvention (Penguin Press, 2020)

Stefan H. Thomke
Experimentation Works: The Surprising Power of Business Experiments (Harvard Business Review Press, 2020)


Stories of technological innovation often focus on singular, heroic visionaries — the Steve Jobses and Elon Musks of the world — who come up with brilliant, fully formed ideas and then shepherd them into reality, never wavering in their quest for perfection. But more often than not, the true story of technology and innovation is messy, rather than clean, a story of failures that only eventually lead to success. “Failure and invention are inseparable twins,” Amazon CEO Jeff Bezos has said. This year’s best business books about technology and innovation describe, and even celebrate, the messiness and uncertainty. In so doing,

Singapore bank lending continues to slide in Oct: MAS data, Banking & Finance

Mon, Nov 30, 2020 – 10:42 AM

SINGAPORE’s bank lending in October fell for the eighth straight month on continued weakness in business loans, data from the Monetary Authority of Singapore showed on Monday.

Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – inched down 0.3 per cent to S$675.64 billion in October, compared with S$677.46 billion a month ago.

Loans to businesses saw the seventh straight session of contraction, down 0.7 per cent to S$418.40 billion, from S$421.28 billion in September. Financial institutions led the slump, with loans to the segment falling 2.4 per cent to S$96.99 billion.

Loans to the single-largest business lending segment – building and construction – came in flat at S$150.87 billion in October.

Consumer loans extended its growth in October, up 0.4 per cent to S$257.24 billion month on month. This was largely lifted

Relevance Of Banking

Founded in 1913, the Federal Reserve System (FED) is the central financial institution of the United States. There are economists who will swear on their eternal souls that we’re not in a despair right now. So expecting economists worldwide so say in one voice we’re in a superdepression won’t ever occur. As for a timeframe, only a idiot offers you a time frame. Economics can inform us the result of sure actions, nevertheless it cannot let you know when they are going to occur. I want I could. To have the ability to appropriately divine the inventory market would make me rich past goals of avarice.

Will the banking system hold up? Optimists point to the considerably larger levels of capital that exist as we speak within the banking system as in comparison with 2008. But, the truth that capital is twice as excessive because it was during these go-go …

Best Business Books 2020: Economics

Anne Case and Angus Deaton
Deaths of Despair and the Future of Capitalism (Princeton University Press, 2020)

Matthew C. Klein and Michael Pettis
Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace (Yale University Press, 2020)

Zachary D. Carter
The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes (Random House, 2020)


As wild as current economic events have been, as challenging to conventional wisdom and orthodox thinking as they have proved, the COVID-19 pandemic and its associated hardships have left the world grasping anew for understanding. This bracing experience will have a powerful intellectual legacy: more profound, one supposes, than even that of the global financial crisis. Stuck inside, with hours available to read, we can take some small comfort in the fact that the still-boiling economic arguments of the past decade continue to

UOB, Vietnam’s Foreign Investment Agency secure over S$3b of direct investments into country, ASEAN Business


UOB has secured more than S$3 billion of foreign direct investment (FDI) into Vietnam in alliance with Vietnam’s Foreign Investment Agency (FIA) and is facilitating an additional pipeline of more than S$1.5 billion under an expanded Memorandum of Understanding (MOU) with FIA,…

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Global Inventory Markets Surge On Fed Enhance

A Karachi-primarily based banker receives the newest replace on stocks from his counterpart in Hong Kong in a blink of an eye fixed. Banks have come a long way from the temples of the ancient world, after they performed a pivotal position in preserving empires and nations afloat. Though historical past has altered the finer points of the business model, the financial institution’s goal, for a very long time, has remained that of protecting depositor’s cash and lending those in want of funds for initiatives. Are you dealing with unfavorable credit ratings? When you have CCJs, IVA, late funds, arrears, defaults, missed payments and bankruptcy in your credit report then you can still apply for small business loans. These loans are open to all sorts of debtors.

Thus, it is shocking that any individual would seriously consider asking the Federal Reserve to make their former staff, now working on the …