src='https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-2513966551258002'/> Rightways: Technology Infolinks.com, 2618740 , RESELLER

Pages

Share This

Showing posts with label Technology. Show all posts
Showing posts with label Technology. Show all posts

Tuesday, April 23, 2024

Fund-of-Funds to fuel local firms

Fund RM1BIL set aside to invest in innovative highi-growth start-ups, says PM 



KUALA LUMPUR: A sum of RM1bil for the “National Fund-of-Funds” will be set up to invest in innovative high-growth Malaysian companies, says Datuk Seri Anwar Ibrahim.

“I am pleased to share that Khazanah Nasional Bhd will launch a ‘National Fund-of-Funds’ with an initial RM1bil allocation,” the Prime Minister said when delivering his keynote address at the launch of the inaugural KL20 Summit here yesterday.

He said the setting up of the fund represented the government’s continued commitment to assisting local companies such as those run by bumiputra entrepreneurs, as well as startups and small and medium enterprises (SMEs), in line with Budget 2024 allocations.

ALSO READ: Policy advisory panel to focus on growth and economy

He said the government acknowledged the growing importance of startups in driving technological advancements in the country.

As such, he said the KL20 Summit provided an ideal launchpad for innovative ideas.

“KL20 does not simply represent a single-event summit but marks a clear break from the past, which is a comprehensive effort to catalyse the technology ecosystem,” he said

He added that KL20 would fit strategically into the central governing economic philosophy of the Madani Economic Framework, which is underscored by the principle that economic growth and compatible distribution are in harmony with market forces.

ALSO READ: Elevating the country to be a leading startup destination

“The government is also aiming to centralise investment agencies such as Malaysia Venture Capital Management Bhd (Mavcap) and Penjana Kapital under Khazanah Nasional,” he said.

Anwar also announced the signing of agreements involving 25 entities from various sectors of the startup ecosystem to help create cutting-edge technology ventures in Malaysia.

Among them was the Asean Investment Initiative between Khazanah Nasional, Kumpulan Wang Persaraan (KWAP) and Blue Chip Venture Capital that will invest RM3bil in the South-East Asian and Malaysian ecosystems.

ALSO READ: KL20 Summit 2024 to attract high-quality investments - PM

He also said that 12 international venture capital firms would be setting up offices in Kuala Lumpur, which will help Malaysian startups be discovered and nurtured to be globally successful.

On semiconductors, he said the nation’s substantial hold on the backend had made it conducive to pursue high-value front-end work, primarily in the integrated circuit (IC) design category.

“I am pleased to announce the largest IC Design Park in South-East Asia, which will house world-class anchor tenants and collaborate with global companies such as Arm.

“This is done with the backing of the Selangor Information Technology and Digital Economy Corporation (Sidec), with the Selangor state government, and this is proof that momentum is already being built on the ground,” he said.

ALSO READ: Making the Malaysian startup pitch

He added that the country was positioning itself as one of the leaders in semiconductors, clean energy, agritech and Islamic fintech.

To make Malaysia a true gateway to major economies, Anwar said a city-to-city connection between Kuala Lumpur and Hangzhou would be established so that capital, talent and market access would no longer be a barrier.

Earlier in his speech, Economy Minister Rafizi Ramli said the goal of the KL20 Action Plan was to bring the top 20 startups in the world into the country.

This, he said, would be done through the immediate introduction of several measures.

He said the move was aimed at accelerating the critical areas of a startup ecosystem here.

“The ambition is for Malaysia to be the choice destination for early-stage and growth capital and to be the centre for world-class entrepreneurs and skilled talent,” said Rafizi.

He added that it was also the goal for the nation to be the home for leading startups in the world.

Source link 

Related stories:

Policy advisory panel to focus on growth and economy

Elevating the country to be a leading startup destination

Enhancing the venture capital ecosystem

Making the Malaysian startup pitch

KL20 Summit 2024 to attract high-quality investments - PM

RM1bil for 'Fund-of-Funds' to invest in high-growth firms

Timely focus on startups

Monday, April 15, 2024

Luno on a growth trajectory

 


PETALING JAYA: The four-year cyclic bitcoin halving event and fresh liquidity, especially institutional money, have driven the cryptocurrency market to fresh highs this year upon gaining more acceptance as an alternative asset class, albeit being a far more volatile one.

But as the drums of war got louder in the Middle East early Sunday, bitcoin was the first to reflect investor sentiment, falling some 9.9% or US$6,714 to a low of US$61,231 before fresh buying saw it trading at US$64,246 as at press time.

The fresh buying is a clear indicator that the crypto market is maturing, said Scarlett Chai, country manager of Luno Malaysia, as it now has made its way to institutional investors via centralised asset fund managers from being an asset class that was previously exclusive to the decentralised community.

The halving event, which is due to happen this week on April 19-20, could also provide price support. Historical data has shown that price corrections typically happen two years after every bitcoin halving, as this trend has been visible in the past three halvings.

However, this cycle looks very different to previous cycles with bitcoin reaching all-time highs near the halving for the first time in its history and with prospects of war as a headwind or even a tailwind.

“It is difficult to ascertain the scale of the upcoming halving’s impact on bitcoin prices. We need to understand that the crypto market, specifically bitcoin, is now different following the inflow of institutional investors. This new liquidity via exchange-traded funds (ETFs) might put the market on a new course,” Chai told StarBiz.

She added that with gold recently breaking its all-time high and should bitcoin be viewed as digital gold, they might share a similar momentum.

Scarlett Chai, Luno Malaysia Country ManagerScarlett Chai, Luno Malaysia Country Manager

For some the fresh liquidity, estimated at US$13.8bil year-to-date, and the halving event could be more oxygen to a bubble, which could all end badly with systemic implications to the global financial system.

“The anticipated halving and the increased cash inflow, particularly after the ETF, has driven up cryptocurrency prices. There is little doubt that there is a bubble as there is no intrinsic or underlying value.

“This may simply be a modern version of the Tulip mania,” warned Obiyathulla Ismath Bacha, professor of finance at the International Centre for Education in Islamic Finance.

Nevertheless, with cryptocurrency gaining traction in Malaysia, Luno has recently launched its staking option on its trading platform.

Chai said the latest feature on its mobile application platform called staking was something its Malaysian clients had been asking for.

“We are the first regulated exchange to bring staking here. We launched last year and it was a long-awaited feature for the local market. Staking using ethereum is now available and we know it is suitable for the current Malaysian market,” she says.

Chai explains staking is locking up a certain amount of cryptocurrency, in this case ethereum, on the platform while allowing it to participate in a blockchain network. This also means that one’s stake grows and rewards are compounded.

“It’s just like having an asset, you can either hold on to it or lock it up so it grows. Locking it up will help the digital system, which is a computer-based network, become more secure and functional,” she said.

While the coins are being staked, users cannot sell or remove their coins but Luno will allow them to “unstake” from their wallets.

Chai added it took some time for this feature to be approved by the regulatory boards and the group is looking at launching a second coin for this feature.

“We are on track for the launch of a second coin and we believe staking should be made available for more asset classes. With all our features, we aim to make it safe and simple to participate in the cryptocurrency industry,” she said.

Luno Malaysia currently offers an instant buy-and-sell option or an exchange programme, both with distinctive features to suit a user’s risk appetite for investment.

Chai said there are 11 digital assets that have been approved by regulators and using the platform has been made easier and more seamless.

“Users can now use Touch ‘n Go, bank transfers or even FPX to choose which coin they would like to transact from as low as RM1. Then we have the exchange, which is for more sophisticated users, those that know how to read charts to study pricing and are familiar with market trends,” she said.

Chai points out that despite initial concerns on data privacy and the volatility of the cryptocurrency world, the industry has been very popular in Malaysia.

“So far, we’ve got some 840,000 users on the platform. Luno has been around since 2015 but in 2019, we relaunched ourselves in the market under the purview of the Securities Commission’s (SC) guidelines,” she said.

This means there are hard guidelines on how the platform can operate and Luno is answerable to authorities should any concerns arise.

Chai stated last year was a strong learning curve for the group as it showed the crucial role it could play in allowing users to invest in digital assets.

“It became important for us to address and create awareness on scams or “too-good-to-be-true” offerings. And because of this financial literacy is really vital,” she said.

Luno Malaysia has participated in various community events like exhibitions and campaigns where the need to create a better understanding on digital wealth management comes up.

“We look forward to participating in more national scam campaigns with financial institutions and such for educational purposes. We have even been in universities to speak to students and how they can avoid scams,” Chai said.

The most active group on the platform are aged between 30 and 49, Chai notes, because they have higher disposable income, but Luno has seen an increase in downloads and participation by those in the 20 to 29-year age range.

“This is their domain, and Luno targets audiences that are interested in investment and are retail-focused. In the next couple of years, we hope to hit one million users on our platform,” she said.

Meanwhile, Chai noted digital wealth management is just another form of investing, same like bonds or stocks.

“We are moving into an era where there is a blend of traditional finance and digital assets, as more markets worldwide regulate crypto and are catering to people who want to diversify more,” she said.

One piece of advice Chai gives is always start small, make yourself aware of what’s out there and be ready to put in what you can afford to lose.

“With every form of investment, the risk of losing is there. People adjust their portfolios to meet their personal strategy. Never go into an investment without a strategy, because then, you’d be basing it on your emotions and that is not how it should be done,” she advised.

In 2024, Luno users can look forward to more coins being added on the platform, subject to regulatory approval of course.

“We added two coins last year and we are looking at adding another five. We work closely in collaboration with the SC and will continue on that journey with them as we bring more offerings to people in Malaysia,” Chai said.

On top of that, with the aim to maintain the highest levels of security, Luno has introduced monthly proof of reserves reports.

Through this process, the exchange ensures each customer’s assets are maintained on a one-to-one ratio on the platform, illustrating that customer-stored digital assets match with the balance in their Luno wallets.

Chai said as there was no regulatory obligation to publish proof of reserve reports, the group saw an important step to build trust in the crypto space.

“Luno’s 12 million global customers – with over 840,000 of those in Malaysia – can be rest assured that their wallets do contain the crypto stated.”

Source link 


Related article:

Financial planner falls for scam | The Star







Thursday, March 28, 2024

Backups are lifeline to your digital lifestyle

Celebrate World Backup Day this Sunday by creating backup copies of your essential data to safeguard your digital lifestyle against potential loss. — Image by freepik 

It is said that memories you make are priceless, but in this digital age, our data, whether text, audio, or video, has become equally invaluable.

And its value is not lost to cybercriminals, as data breaches have become so common that protecting personal information has become an ongoing challenge for individuals and organisations alike.

Last year, cybersecurity firm Sophos reported that over 90% of cyberattacks reported by its customers involved data or credential theft.

But hackers are not the only threat to your data – the device holding your information may suffer a hardware failure, be stolen, or even be destroyed in an incident such as a fire or flood.

Despite happening over two decades ago, the near loss of Pixar’s Toy Story 2 assets due to accidental deletion during the 1990s remains a memorable story.

The studio was “saved” by Galyn Susman, a supervising technical director who had been working from home after childbirth and had a remote backup.

Even though much of the film was eventually remade due to quality concerns, the character models and environments from her backup were integral to the final film.

Arina hopes that as awareness increases and user-friendly backup options become more widely available, more people will incorporate backups into their digital routines. — Image by rawpixel.com on FreepikArina hopes that as awareness increases and user-friendly backup options become more widely available, more people will incorporate backups into their digital routines. — Image by rawpixel.com on Freepik

Last year’s layoff of Susman, along with 74 other employees, struck a chord with fans who remember her as the person who saved Toy Story 2.

As we approach World Backup Day this Sunday, March 31, it’s crucial to remember that although incidents of data loss might seem distant, nobody is immune to such occurrences.

Data dilemmas and disasters

Head of operations at Lucid Analytica, an analytics consultancy, Firdaus Jefri experienced data loss for the first time during his childhood when the hard drive of the family computer failed, resulting in the loss of numerous personal files.

“When my first PC, which I had as a kid, crashed due to a hard drive failure, it was devastating. I had important family photos, videos, and memories stored on it. I also made some great friends while playing games like Runescape and Halo Combat Evolved.

“Unfortunately, as a kid, I didn’t keep track of my passwords and didn’t know how to recover my accounts, losing contact with most of them,” he says.

He adds that his mother’s work documents were lost as well, though they weren’t devastating since she had hard copies on hand, requiring extra effort to recreate everything on a computer.

Cloud storage services can be set up to back up files from a mobile device or a PC, but it’s important to maintain enough free space. — Image by rawpixel.com on FreepikCloud storage services can be set up to back up files from a mobile device or a PC, but it’s important to maintain enough free space. — Image by rawpixel.com on Freepik

Fast forward to today, and Firdaus has become a staunch believer in backups, having invested a significant amount into a self-built networked-attached storage (NAS) solution.

He estimates that he has spent approximately RM10,000 on storage for multiple drives totalling 20TB, with each drive serving as a backup for another. This setup enables him to recover data in the event that one drive fails.

Firdaus describes his solution as overkill for most users, though it’s a necessity for him, as his work involved handling large files.

When studying for his PhD, computer system engineer Lee Yang Yang was shocked to witness a fellow student fail his course due to losing his files just before the thesis submission deadline.

In Lee’s experience, users typically only begin to prioritise the security of their files after a personal encounter with data loss.

“If you think a file is important, back it up. It is worth your money to have the extra storage. This would include private and confidential files that could cost you a fortune or even your job if the data is lost,” he says.

Better safe than sorry

While data recovery programs and services (read “Get Your Data Back”, StarLifestyle, May 29, 2023; online at bit.ly/datalostandfound) are available that could help restore lost files, the costs involved are steep.

Sin says that having a comprehensive backup strategy is crucial for recovering from such incidents, likening it to 'insurance' for digital assets. — Synology MalaysiaSin says that having a comprehensive backup strategy is crucial for recovering from such incidents, likening it to 'insurance' for digital assets. — Synology Malaysia

According to Jason Sin, Malaysia country manager for Synology, a company that specialises in NAS storage, the substantial price tag doesn’t guarantee complete data retrieval.

To save oneself from the headache and hefty fees involved in recovering lost files, it’s best to have a backup system in place.

Nur Arina Ramlee, chief technology officer at Cybersolution Technologies, stresses the value of having proper backups.

“Unfortunately, typically, users do not regularly backup their data as often as they should. Usually, this comes down to a few key elements.

“Many users underestimate how upsetting data loss may be when it occurs to them or believe it only happens to other people.

“People are sometimes discouraged from starting because they believe that creating backups is complicated and time-consuming,” she says.

Arina hopes that as awareness increases and user-friendly backup options become more widely available, more people will incorporate backups into their digital routines.

She recalls an incident involving a restaurant, which was exploring franchising opportunities at the time. The restaurant owner had stored all the key components of the company, including financial records, designs for its franchising plan, and even his beloved recipes – which he spent years perfecting and digitising – on a laptop.

That laptop was stolen at an airport during a business trip, resulting in the loss of years’ worth of data.

The rise of ransomware is another threat to data. In a ransomware attack, the files on a computer system are encrypted, in most cases rendering them unusable, with the threat actor demanding a ransom payment to decrypt the data.

Sin says that having a comprehensive backup strategy is crucial for recovering from such incidents, likening it to ‘insurance’ for digital assets.

Arina recommends a straightforward approach to backup by starting with identifying the data crucial to your daily digital activities. — Cybersolution TechnologiesArina recommends a straightforward approach to backup by starting with identifying the data crucial to your daily digital activities. — Cybersolution Technologies

“Ensuring data security and continuity is paramount for users and businesses alike.

“Creating a backup strategy is like providing a safety net, allowing users to restore their data to a previous state and resume normal operations swiftly.

“As digital lifestyles become more prevalent, the potential impact of data loss on both personal and professional fronts has heightened, underscoring the importance of robust backup practices,” he says.

As for companies, Sin highlights cost concerns and limited resources as major reasons why small- and medium-sized businesses (SMBs) often neglect backing up their data.

This is due in part to hardware, software and maintenance costs, along with the lack of a dedicated IT team to manage backup infrastructure. Time constraints, data fragmentation, and the need to evaluate security risks are other factors that can also hinder efforts.

In the long run, such neglect can make it significantly more difficult for a company to recover from cybersecurity incidents such as data breaches and ransomware attacks.

Sin highlighted that the Personal Data Protection Department (PDPD) reported a staggering increase in data breach cases. It received 130 reports by June 2023, a four-fold increase compared to the entire year 2022.

“Such breaches lead to significant financial losses due to causes like configuration errors, hardware damage, data leaks, and malicious encryption,” he says.

Seeking simple solutions

According to a report from data recovery service provider Reno Research Lab, over half of data loss cases in 2023 resulted from user error, primarily accidental deletion (56.38%), with drive corruption coming a distant second, accounting for only 18.09%.

These incidents could have been avoided if users simply made one backup copy.

According to a report from data recovery service provider Reno Research Lab, over half of data loss cases in 2023 resulted from user error, primarily accidental deletion (56.38%), with drive corruption coming a distant second, accounting for only 18.09%. — Photo by Markus Spiske on UnsplashAccording to a report from data recovery service provider Reno Research Lab, over half of data loss cases in 2023 resulted from user error, primarily accidental deletion (56.38%), with drive corruption coming a distant second, accounting for only 18.09%. — Photo by Markus Spiske on Unsplash

Fortunately, thanks to the widespread availability of free cloud storage, hefty investments are often unnecessary.

Popular and easy-to-setup options that offer free storage space include Google Drive, Microsoft OneDrive and Apple iCloud.

However, without a subscription, the free storage is limited, with Google Drive offering 15GB for free, while both OneDrive and iCloud provide only 5GB each at no cost.

The cloud storage services can be set up to back up files from a mobile device or a PC, but it’s important to maintain enough free space.

The services provide a range of subscription packages with different storage spaces, with family options typically offering better value for money.

To backup your PC with OneDrive’s desktop client, access the settings menu and navigate to the “Sync and Backup” tab.

From there, select “Manage Backup” to choose which folders, such as Documents, Pictures, Desktop, Music, and Videos to back up.

Unfortunately, OneDrive doesn’t support custom folders for backup, so users have to move their files to one of the listed folders.

Android smartphone users can check out Google Drive for backups. It can be turned on by going to the settings menu and selecting “Backup and reset” and then switching on the “Backup by Google One” option.

This feature automatically backs up various types of data, including apps, SMS and MMS, call history, and device settings when connected to WiFi.

However, remember to manually enable backup for photos and videos in this menu, as it is turned off by default.

For faster access and complete control over your backups, consider using a NAS (network-attached storage) device. It’s a dedicated storage server that connects to your home WiFi network.

It also provides a centralised location to store and access files and data from multiple devices, such as computers, smartphones, and tablets, over the network.

Essentially, it functions as a personal cloud storage solution, offering other features like file sharing, media streaming, and remote access.

However, NAS devices, which come in various configurations and storage capacities, are not cheap.

Those who are more technically inclined could opt to assemble their own unit, but this will require researching various topics and familiarity with terminologies like RAID (redundant array of independent disks) and learning NAS-specific operating systems like TrueNAS and Unraid.

However, if you’re seeking a robust backup plan, consider adopting the popular 3-2-1 backup principle.

It’s a straightforward rule – though very demanding – that is designed to ensure that your data stays safe no matter what happens.

Let’s break it down: “3” stands for having at least three copies of your data; “2” means storing them on two different types of media; and “1” emphasises keeping one copy offsite or on the cloud. This method ensures that your data is well-protected against accidents, hardware failures, and other unexpected events.

Arina recommends beginning with a simple approach: identify the data essential to your daily digital life, such as chat messages, pictures, and documents.

“The key to this is to back up regularly or set your backups to run automatically. Some applications that users use daily may already have this readily integrated into their cloud accounts.

“And remember to test your backups once in a while to ensure they work when needed,” she says.

Sin emphasises the importance of education and awareness in establishing a strong backup culture.

“We encourage everyone to share the significance of backups with friends, family, and colleagues,” says Sin, “in order to collectively cultivate a more secure digital environment.”

Source link\

Wednesday, March 27, 2024

Behind the plot to break Nvidia's grip on AI by targeting software


Big draw: Nvidia chief executive officer Jensen Huang speaking at an industry event in California. Some big tech companies are trying to show developers how to migrate away from Nvidia’s dominance in AI. — Bloomberg

Exclusive: Behind the plot to break Nvidia's grip on AI by ...

Nvidia's grip on AI by targeting software.html

Alliance seeks to use alternative open source software 

SAN FRANCISCO: Nvidia earned its US$2.2 trillion market cap by producing artificial-intelligence (AI) chips that have become the lifeblood powering the new era of generative AI developers from startups to Microsoft, OpenAI and Google parent Alphabet .

Almost as important to its hardware is the company’s nearly 20 years’ worth of computer code, which helps make competition with the company nearly impossible. More than four million global developers rely on Nvidia’s Cuda software platform to build AI and other apps.

Now a coalition of tech companies that includes Qualcomm, Google and Intel plans to loosen Nvidia’s chokehold by going after the chip giant’s secret weapon: the software that keeps developers tied to Nvidia chips.

They are part of an expanding group of financiers and companies hacking away at Nvidia’s dominance in AI.

“We’re actually showing developers how you migrate out from an Nvidia platform,” Vinesh Sukumar, Qualcomm’s head of AI and machine learning, said in an interview with Reuters.

Starting with a piece of technology developed by Intel called OneAPI, the UXL Foundation, a consortium of tech companies, plans to build a suite of software and tools that will be able to power multiple types of AI accelerator chips, executives involved with the group told Reuters.

The open-source project aims to make computer code run on any machine, regardless of what chip and hardware powers it.

“It’s about specifically – in the context of machine learning frameworks – how do we create an open ecosystem, and promote productivity and choice in hardware,” Google’s director and chief technologist of high-performance computing, Bill Magro, said in an interview.

Google is one of the founding members of UXL and helps determine the technical direction of the project, Magro said.

UXL’s technical steering committee is preparing to nail down technical specifications in the first half of this year. Engineers plan to refine the technical details to a “mature” state by the end of the year, executives said.

These executives stressed the need to build a solid foundation to include contributions from multiple companies that can also be deployed on any chip or hardware.

Beyond the initial companies involved, UXL will court cloud-computing companies such as Amazon.com and Microsoft’s Azure, as well as additional chipmakers.

Since its launch in September, UXL has already begun to receive technical contributions from third parties that include foundation members and outsiders keen on using the open-source technology, the executives involved said.

Intel’s OneAPI is already usable, and the second step is to create a standard programming model of computing designed for AI.

UXL plans to put its resources toward addressing the most pressing computing problems dominated by a few chipmakers, such as the latest AI apps and high-performance computing applications.

Those early plans feed into the organisation’s longer-term goal of winning over a critical mass of developers to its platform.

UXL eventually aims to support Nvidia hardware and code, in the long run.

When asked about the open source and venture-funded software efforts to break Nvidia’s AI dominance, Nvidia executive Ian Buck said in a statement: “The world is getting accelerated. New ideas in accelerated computing are coming from all across the ecosystem, and that will help advance AI and the scope of what accelerated computing can achieve.”

The UXL Foundation’s plans are one of many efforts to chip away at Nvidia’s hold on the software that powers AI. Venture financiers and corporate dollars have poured more than US$4bil into 93 separate efforts, according to custom data compiled by PitchBook at Reuters’ request.

The interest in unseating Nvidia through a potential weakness in software has ramped up in the last year, and startups aiming to poke holes in the company’s leadership gobbled up just over US$2bil in 2023 compared with US$580mil from a year ago, according to the data from PitchBook.

Success in the shadow of Nvidia’s group on AI data crunching is an achievement that few of the startups will be able to achieve.

Nvidia’s Cuda is a compelling piece of software on paper, as it is full-featured and is consistently growing both from Nvidia’s contributions and the developer community. — Reuters

Source link\

RAELATED


Experts: Adapt to AI, don't fear it

Cook tells forum AI is key for climate battle

Techies believed behind crimes

Dutch PM begins working visit to China amid chip tensions in spotlight; expansion of cooperation expected

Prime Minister of the Netherlands Mark Rutte is on a working visit to China from Tuesday to Wednesday, at a time when the Netherlands' chip export policy has been in the spotlight. Chinese analysts pointed out that Rutte's visit is perfectly timed, as his country's largest company, the semiconductor equipment maker ASML, is seeking to expand outside the Netherlands after raising concerns about the country's business climate.

China's economic prospects, opening-up pledges help global growth, stability as Boao Forum kicks off annual meeting

The Boao Forum for Asia (BFA) convened its annual conference in Boao, South China's Hainan Province on Tuesday, with officials and other participants calling for unity and cooperation in Asia and around the world to jointly tackle rising regional and global challenges, ranging from trade protectionism to geopolitical tension.

At Boao Forum, Asian central bank officials eye greater use of local currencies to fend off risks

Central bank officials and financial regulators from several Asian countries on Wednesday called for expanding currency swap arrangements through both bilateral and multilateral mechanisms to support cross-border trade and investment and reduce reliance on the US dollar, as part of the region's efforts to bolster financial safety nets and fend ...

Central bank officials and financial regulators from several Asian countries on Wednesday called for expanding currency swap arrangements through both bilateral and multilateral mechanisms to support cross-border trade and investment and reduce reliance on the US dollar, as part of the region's efforts to bolster financial safety nets and fend off risks.

Related posts


YTL AI Cloud to deploy advanced supercomputer

ts:

Washington and Nvidia should not be ‘Catch me if you can’, Chinese companies could also produce high-end products similar to Nvidia's A100...