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Data protection and the future of digital identity in Singapore Singapore’s recent decision to unmask National Registration Identity Card (NRIC) numbers has sparked a heated debate over privacy and security. While the move aims to make identification processes more transparent, cybersecurity experts warn of the risks when sensitive data is paired with other personal information. The revamped system by the Accounting and Corporate Regulatory Authority (ACRA) allows access to NRIC numbers through a search function, raising concerns about how such data might be misused. Critics argue that even if an NRIC number alone is harmless, combining it with easily accessible details like names and birth dates—often available on social media—could […]

Key CPF Changes in 2025 and How to Grow Your Savings The Central Provident Fund (CPF) is Singapore’s mandatory social security savings scheme, designed to help citizens and permanent residents save for their retirement, housing, and healthcare needs. Both employees and employers contribute a portion of monthly salaries into CPF accounts, which act as a financial safety net for the future. Starting in 2025, the CPF Board is rolling out significant changes to enhance savings and support for members. Here’s a quick breakdown of the updates: Special Account Closure for Members Aged 55+ From the second half of 2025, CPF members aged 55 and above will see their Special Account

From Paycheck to Portfolio Investing Your Year-End Tech Bonus As 2024 wraps up, tech companies are making headlines with significant year-end bonuses, recognizing employee contributions in a year defined by growth and innovation. Major players like AirTrunk, Microsoft, and Robinhood have announced impressive rewards for their teams, reflecting the resilience and profitability of the tech sector.   Highlights of 2024 Tech Bonuses AirTrunk’s Generosity Australian data center operator AirTrunk has distributed a staggering $22 million in bonuses to its 330 employees. Each worker received an average of $65,000, a testament to the company’s success following its acquisition by U.S. private equity giant Blackstone. This marks a significant milestone as AirTrunk

Nvidia Expands Workforce in China to Advance AI and Autonomous Driving Technologies Nvidia, the world’s second-most valuable company, is ramping up its presence in China, with plans to increase its workforce in the country to 4,000 by the end of the year—up from 3,000 at the beginning of 2024. This expansion highlights Nvidia’s commitment to advancing its research and development capabilities, particularly in autonomous driving technologies and artificial intelligence (AI).   A significant part of this growth includes the addition of 200 staff members to its Beijing research team, focusing on self-driving technology. Nvidia has also strengthened its after-sales service and networking software development teams as part of its broader

Tech Boom 2024: Google Leads the Charge, Traders Take the Profit Google Inc. (NASDAQ: GOOGL) has reached a monumental milestone, with its stock climbing to an all-time high of $193.33. This achievement reflects Google’s ability to consistently innovate and adapt in an ever-evolving tech landscape. With a market capitalization of $2.35 trillion and robust financial indicators, including a 14.4% revenue increase over the past year, Google has reaffirmed its position as a dominant force in the tech sector. The company’s growth trajectory is further fueled by advancements in quantum computing, highlighted by the unveiling of its Willow quantum chip. This innovation underscores Alphabet’s leadership in cutting-edge technologies, setting the stage

Nvidia’s Growth, A Trend to Watch in the Semiconductor and AI Markets Nvidia (NASDAQ: NVDA) has emerged as one of the most powerful forces in technology, and its stock performance is a key trend that traders and investors are closely monitoring. Over the past year, Nvidia has seen explosive growth, tripling in value, and its stock has averaged an impressive 75% annual return over the last decade. As the company continues to dominate the semiconductor industry, its strong presence in AI and data centers is set to drive further growth, making it a significant player for traders to watch in the coming years.   Nvidia’s Shift to AI and Data

How to Manage Risk in the Ever-Changing Crypto Landscape This Monday, the cryptocurrency market saw mixed movements, with several major assets like Polkadot, Avalanche, Ripple, and Dogecoin facing declines. Bitcoin, however, posted a small increase, highlighting the market’s inherent volatility. For traders, this volatility often signals both risks and opportunities.While declines in popular coins may raise concerns, these market fluctuations are a normal part of the crypto landscape. For those with the right strategy, these shifts can offer chances to capitalize on changing trends.  Key Takeaways for Traders Volatility Creates Opportunities: The crypto market’s volatility offers traders the chance to react quickly. Even during downtrends, prices can shift rapidly, presenting

South Korea recently found itself at the center of global attention following President Yoon’s unexpected declaration of martial law. This announcement, though brief, left the nation and international observers questioning its implications for the country’s democratic framework and economic stability. Understanding the Declaration For six hours, South Koreans experienced a state of uncertainty regarding the scope and intent of the martial law order. The opposition, alongside members of President Yoon’s ruling People’s Power Party, quickly convened in parliament to annul the declaration, as permitted under South Korean law. Martial law in South Korea can only persist with parliamentary approval, and existing laws prohibit the arrest of lawmakers during such periods,

    The Ministry of Finance (MOF) has officially launched a six-week public consultation period for Budget 2025, inviting Singaporeans to contribute their views and ideas from December 2, 2024, to January 12, 2025. This engagement coincides with Singapore’s upcoming 60th year of independence, marking a pivotal moment for the nation to reflect on its shared values and renew its commitment to building a brighter future. Four Key Themes for Budget 2025 The MOF has outlined four central themes for public contributions: Building Our Singapore Together Strengthening national identity, cultivating unity, and fostering a more caring society are key goals. Developing a More Vibrant Business Ecosystem Aiming to encourage innovation