In 2019, the Monetary Authority of Singapore’s (MAS) announced that it will issue five digital bank licences to non-bank players to add value, innovation and diversity to the region’s financial hub.The five new digital bank licences will comprise of up to two digital full bank licences, which allow licensees to provide a wide range of financial services and take deposits from retail customers, and up to three digital wholesale bank licences – which allow licensees to serve small and medium en
Every 14 February, prices of chocolates and flowers will spike and restaurants tend to be fully booked by couples looking for a romantic date night. Some singles might feel left out from the celebration, but with numerous dating sites and apps – the new ‘swipe’ culture makes it easier for one to find a partner or a companion in an instant.In 1995, Match.com became the first major online dating site in existence. In 2009 and 2010 respectively, dating apps Grindr and Scruff were launched.
The retail industry has undergone multiple transformations during the past century, with those who adapt and innovate continuing to survive. It also helps if one is exceptionally unique. It seems that the world's consumers have gotten a little tired from having to explore multiple shopping locations to find what they want or need.
With major cities in full or partial lockdown, China is preparing for unprecedented market fluctuations as fear of the novel coronavirus amplifies and the death toll soars to over 560 – nearly double the death toll in mainland China from the severe acute respiratory syndrome (SARS) virus that broke out in 2002.As airlines halt flights, stores close and businesses scale back their operations, China's economy is at risk of major setbacks.
Twitter unveiled a plan Tuesday to curb the spread of manipulated content including "deepfake" videos as part of a move to fight misinformation which could result in violence or other harm.The policy was announced after Twitter asked for comments last year on ways to reduce "synthetic and manipulated media" on the online platform that could deceive people during election campaigns or provoke violence or physical harm.Twitter, which along with other social platforms has bee
During the 2019 ASEAN Summit, Thailand introduced the Eastern Economic Corridor (EEC) initiative to transform three Thai provinces into smart cities – which has turned out to be a success.
Like many other traditions, the handing out of ang baos – red packets containing cash – has been disrupted in the digital age.Synonymous with the Chinese Lunar New Year, the giving of red packets by elders to children or unmarried relatives symbolises good luck and is also a custom during birthdays and weddings.With the advent of the e-ang bao, virtual red packets can now be distributed through selected banks and e-wallet services.
China and the United States (US) may have laid down their arms for now in a trade truce, but their technological rivalry is still raging, raising the spectre of a high tech cold war.The coming battle played out this week in the corridors of the World Economic Forum (WEF) in Davos, where Chinese executives rubbed shoulders with Silicon Valley supremos, and US diplomats lobbied hard to keep companies from embracing Made in China for their tech revolution.At the centre of this cold war 2.0 is Hu
Advertisements targeted at young children in today’s digital world are becoming increasingly invasive and prevalent.Research on 135 of the most popular free and paid apps for children between the ages of one to five in Google’s Play Store in 2019 – some of which were posted under the guise of educational tools – found that 95 percent of the apps contained some form of advertising.Among the ill-effects of advertising on young children include materialism, obesity and low self-esteem.
You may think that artificial intelligence (AI) will make doctors obsolete soon but that day is still far off. In fact, computers are not that intelligent just yet.Most computer solutions emerging in healthcare rely on algorithms written to analyse data and recommend treatments. They do not rely on computers thinking independently.
Netflix, Amazon Prime, Apple TV, these are only a handful of available streaming services where people today have the power to decide what they want to watch and when they want to watch it. All one needs is an electronic device to play videos, an internet connection and an account on one of these services.Last year, a report published by Dataxis estimated that Southeast Asia will have four million paid subscription video-on-demand (SVOD) accounts in 2019.