The forum emphasized the importance of an integrated policy framework Leading central bankers and economists gathered at the Asian Monetary Policy Forum to discuss the challenges of achieving both price stability and financial stability in today’s complex economic landscape. The forum, held in Singapore, featured prominent figures such as Professor…
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Assessing the Impact: How ChatGPT Influences Industries and Labor Force Innovation and technology have become the driving forces behind high-quality economic development in Hong Kong. With the rise of artificial intelligence (AI) and its impact on various industries, the recent success of ChatGPT, an AI chatbot, has caught the attention…
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Driven by the remote monitoring opportunity The smart home healthcare market is experiencing steady growth, but there is still significant untapped potential. In 2022, global smart home healthcare shipment and service revenues reached $US22.9 billion, growing by 25 per cent compared to the previous year. However, sustaining such a high…
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Increasing economic inclusion and educational opportunities in Indonesia The Internet Society Foundation has launched a new round of its grant program that expands economic growth and increases educational opportunities by supporting individuals and communities to use the Internet more knowledgeably and skillfully. The Strengthening Communities, Improving Lives and Livelihoods (SCILLS) program is now…
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As economic headwinds persist, weak end-market electronics demand is spreading Global semiconductor revenue is projected to decline 11.2 per cent in 2023, according to the latest forecast from Gartner, Inc. In 2022, the market totalled $US599.6 billion, which was marginal growth of 0.2 per cent from 2021. The short-term outlook…
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The largest early-stage Fintech fund dedicated to women Anthemis, a specialist asset manager that creates value from driving financial systems change, today announced additional investments from institutions including Visa and BMO for its Female Innovators Lab (FIL) Fund. Anchored by Barclays, with investment from Aviva, the fund now totals $US50 million, making it the largest early-stage fintech…
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The EU is committed to ensuring that all European citizens and businesses are well protected Today, the Commission has adopted a proposal for the EU Cyber Solidarity Act to strengthen cybersecurity capacities in the EU. It will support detection and awareness of cybersecurity threats and incidents, bolster preparedness of critical entities, as…
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Members of the CITID are representatives and experts from many industries The Government promulgated the Hong Kong Innovation and Technology Development Blueprint (the Blueprint) on December 22, 2022, and announced that the CITID would be set up to enhance the co-operation among stakeholders and help drive the development of innovation…
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One million Australians were already using ChatGPT in January 2023 Australians are showing strong interest and rapidly adopting new Generative AI applications such as Open AI’s ChatGPT, according to new research from the Australian emerging technology analyst firm, Telsyte. One in five Australians aged 16 and older were already aware…
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In efforts to build a digital bank in Pakistan HugoBank, Pakistan’s latest digital bank led by a Singapore Consortium, today announced the proposed appointment of Atyab Tahir as Chief Executive Officer, subject to the State Bank of Pakistan’s fit and proper assessment. Following the company’s incorporation, Atyab will set-up and lead HugoBank in Pakistan to offer…
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