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By 2023, 30% of Singaporeans will have a digital bank account

Singapore had the highest adoption rate among the Asian nations surveyed by Finder in 2022, at 21.22 percent. According to Finder, an additional 5% of

Singapore had the highest adoption rate among the Asian nations surveyed by Finder in 2022, at 21.22 percent. According to Finder, an additional 5% of adults will open a digital banking account, bringing Singapores adoption rate to 35%. The age groups of 18 to 24 and 25 to 34 are leading the adoption of digital banks, respectively. According to Elizabeth Barry, global fintech editor at Finder, Singapore has similar levels of banking adoption to Hong Kong 20% but is far ahead of nations like Malaysia and the Philippines 13% each. Read More..

B2B Tech News | 2 years ago        

BNY Mellon is planning campaigns to attract investors to Saudi Arabia

The US investment company BNY Mellon has organized several international campaigns to attract and promote investment in Saudi Arabia. The company has

The US investment company BNY Mellon has organized several international campaigns to attract and promote investment in Saudi Arabia. The company has partnered with SNB Capital, the Ministry of Investment of Saudi Arabia, and Tadawul to put the kingdom on the global financial map. SNB Capital is the securities management and investment banking department of the National Bank of Saudi Arabia. In October 2020, SNB Capital allied with BNY Mellon. This alliance will help create a strong, leading, and inclusive capital market environment in the Kingdom. Read More..

B2B Tech News | 2 years ago        

The Indonesian company Bara Daya presented the lowest price in the offer to import coal from India

Bara Daya Energy overbid Adani, who was the only bidder for the two contracts. However, Bara Daya is a controversial company that had earlier terminat

Bara Daya Energy overbid Adani, who was the only bidder for the two contracts. However, Bara Daya is a controversial company that had earlier terminated its contract with stateowned Gujarat Power Corporation due to breach of contract and nondelivery of coal. The bids made by Coal India Limited CIL last month had only two bidders. The Indonesian company announced a Rs 4,331 crore bid for the East Coast and Rs 4,497 crore for the West Coast. Read More..

B2B Tech News | 2 years ago        

Ford, Argo AI, backed by VW, fires 150 workers, delays hiring

Argo AI has laid off about 150 people and slowed the pace of hiring, sources say. The Pittsburghbased startup is backed by Ford and Volkswagen. The la

Argo AI has laid off about 150 people and slowed the pace of hiring, sources say. The Pittsburghbased startup is backed by Ford and Volkswagen. The layoffs were widespread, affecting digital media and communications employees as well as members of its operations teams. It is the latest tech company to reduce its workforce as recession fears grow. The company is still hiring and has dozens of engineering, legal, program management, and fleet operations positions open. Argo began selfdriving in Miami and Austin in May 2022. Read More..

B2B Tech News | 2 years ago        

Germany will provide a financial aid of 2 billion euros to the gas importer VNG

The German government wants to provide financial assistance of up to 2 billion euros to gas importer Verbundnetz Gas Agbo VNGn. The move is part of th

The German government wants to provide financial assistance of up to 2 billion euros to gas importer Verbundnetz Gas Agbo VNGn. The move is part of the governments plan to avoid an energy crisis amid fears of fuel shortages and rising kerosene prices. Germany is facing a scarcity of energy as supplies from Russia fall or nonRussian gas prices increase. Earlier this week, VNG and Norwegian Equinor agreed to expand their existing partnership for natural gas in new areas of lowcarbon hydrogen and ammonia, capture, capture, and marine storage of CO₂ CCU and CCS. Read More..

B2B Tech News | 2 years ago        

AHPC statement on the COVID19 winter update and ongoing health protection measures to support our community

The AHPPC is warning of a new wave of infections driven by the BA.4/BA.5 Omicron subvariants. This wave will lead to a significant increase in infecti

The AHPPC is warning of a new wave of infections driven by the BA.4/BA.5 Omicron subvariants. This wave will lead to a significant increase in infections, hospitalizations, and, unfortunately, deaths, at a time when our communities and our health systems are already under pressure. Vaccination remains the most important protection against serious illness. Now is the time for all of us to take action to protect ourselves, our loved ones, the healthcare system, those most at risk, and the community at large. Read More..

B2B Tech News | 2 years ago        

FG reviews currency policy to curb inflation President of NBCC

Nigerias Monetary Policy Committee MPC has raised rates by 0.25 percent to contain inflation, control the money supply, and prevent capital flow rever

Nigerias Monetary Policy Committee MPC has raised rates by 0.25 percent to contain inflation, control the money supply, and prevent capital flow reversal and further depreciation of the Naira. The impacts for businesses, however, are that cost of funds would be higher as banks would reprice existing loans to reflect the change in the base rate. Since lending to the private sector may contract, we are not optimistic about the Purchasing Managers Index data for the next few months. The NBCC says the government must review the 41item FX restriction list and reduce borrowing from the Central Bank of Nigeria CBN to contain inflation. Read More..

B2B Tech News | 2 years ago        

South Korea is allocating $ 625 million to beat extraordinary inflation

The abolition of tariffs on some food imports and greater social assistance for lowincome workers are just two of the steps the administration outline

The abolition of tariffs on some food imports and greater social assistance for lowincome workers are just two of the steps the administration outlined to help lower peoples living expenses. According to Park SangHyun, an economist, at HI Investment & Securities, next week the central bank is expected to raise interest rates by 50 basis points. While President Yoon, who took office two months ago, battles declining support, inflation has primarily sprung from abroad in a nation that mainly imports food, oil, and industrial goods. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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