SME lender Funding Societies expands to Thailand, Garage

Singapore

SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global benchmark – the scandal-tainted London Inter-bank Offered Rate (Libor…

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Posted on 2 months ago

Three non-bank e-wallet players to offer PayNow, Banking & Finance

Singapore

SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global benchmark – the scandal-tainted London Inter-bank Offered Rate (Libor…

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Siam Validus is first foreign fintech firm to get Thai debenture crowdfunding licence, ASEAN Business

Singapore

SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global benchmark – the scandal-tainted London Inter-bank Offered Rate (Libor…

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Crypto farm’s power tussle with landlord over electricity use ends up in Singapore court, Banking & Finance

Singapore

SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global benchmark – the scandal-tainted London Inter-bank Offered Rate (Libor…

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The cyborg behind the gross sales counter

The 2015 opening of the Henn-na Lodge in Nagasaki, Japan, was staffed virtually totally by 243 robots, hailed as a milestone in bringing synthetic intelligence (AI) to customer support. What a disappointment, then, when a number of years later, the lodge laid off greater than half of these robotic staff and employed people partly as a result of clients discovered the robots annoying, unreliable, and off-putting. It’s a consequence that the authors of a brand new examine on human enhancement expertise (HET) may need predicted.

Even earlier than COVID pressured companies to consider easy methods to serve clients in a protected, contact-free means, companies had been turning to AI to streamline and improve service. There are more and more humanlike robots who promote espresso, wait tables, and work as lodge bellhops at trial places all over the world. However extra incessantly, reasonably than going full robotic, staff are outfitted with

Girls’s sports activities face a post-pandemic reinvention

This could have been the 12 months that ladies’s sports activities grabbed the highlight. Income projections for 2021 had been set at greater than US$1 billion. Enchantment was on the rise; in 2018, 84 % of sports activities followers around the globe mentioned they had been inquisitive about ladies’s sports activities, and viewing figures had been breaking data in ladies’s soccer, cricket, basketball, and tennis. Dwell occasion attendance, TV protection, and rights revenues had been all on the up, and new platforms comparable to Twitch (streaming hockey) and Twitter (streaming basketball) signed up as broadcast companions. There was even progress towards equality in prize cash between ladies’s and males’s competitions.

However prize cash isn’t equal pay, and the pandemic might stall momentum, as a result of ladies’s sports activities have been affected greater than males’s. Feminine athletes had to deal with job losses, wage cuts, and a scarcity of psychological

Localisation is the brand new globalisation

In fact, the advantages of the worldwide efforts haven’t been shared equally—inside international locations, inside industries or inside buying and selling methods. Lately, these inequities, mixed with elementary adjustments within the nature of products and companies traded, have led to a rising wave of worldwide backlashes and conflicts over the distribution of worth. And there’s extra to come back, as COVID-19 has sharply amplified the response. As we glance to 2021 and past, it’s clear that firms will probably be reckoning with a number of territorial disputes surrounding taxation, commerce, regulation of important industries and provide chains. Is localisation the brand new globalisation?

International disputes—whether or not they’re bodily navy conflicts or clashes over commerce and tax— have at all times inevitably been linked to worth, from the wars fought by European powers over management of commerce routes to the Americas within the 18th century to the so-called cod wars

Taxing occasions require a brand new period of compromise

Extra debt is the plain short-term choice with rates of interest so low, however tax will probably be essential in rebuilding nationwide steadiness sheets in the long term. The perennial query stays: what needs to be taxed, and the way? Even earlier than COVID-19, debates about tax have been fractious. Mounting fiscal issues haven’t helped, and dialogue appears stalled at each the nationwide and the worldwide degree.

I took up the function of world chief of tax and authorized providers at PwC mid-pandemic. We advise firms and people throughout the total spectrum of tax points, working to grasp the obligations inside the tax system and guarantee they’re met. This provides us a uncommon perception into broad-based issues and priorities. Taking a look at this panorama, my concern right this moment is the confrontational nature of many discussions of tax techniques. 

To ease these frictions, I imagine we have to embrace

the facility of modern partnerships

Some governments have made substantial commitments to a inexperienced restoration, however many proceed to give attention to conventional sectors with out putting in environmental safety measures or incentives.  

Worldwide monetary establishments such because the World Financial institution can assist to catalyse inexperienced funding by offering concessionary financing and/or mortgage ensures for tasks anchored to sustainable development. As an illustration, the European Funding Financial institution dedicated €4.7bn in December 2020 to assist clear vitality and sustainable transport. Monetary establishments already lead on growing the ESG requirements and frameworks required for sustainable mission identification, choice and monitoring, and different traders are actually catching on.   

The non-public sector can be poised to additional the momentum on inexperienced restoration. Capital suppliers are searching for bankable tasks which can be aligned to their ESG targets and net-zero commitments.

Infrastructure is usually delivered via collaboration between the private and non-private sector, whether or not via design,