KUALA LUMPUR: After an unsuccessful bid for a digital banking licence, Pertama Digital Bhd (PDB) is now in discussion with incumbent conventional banks to provide digital banking products via its neobank services channel. A neobank is a combination of a technology company and a licenced bank providing digital banking services. PDB is an Internet software company providing digital solutions to both the government agencies, banks and government-linked corporations. "We are working with a number of banks, at least more than one, existing conventional licenced banks to roll out this service. We will announce the details as soon as they are finalised,” PDB chairman Tun Datuk Seri Zaki Tun Azmi said in a press conference at PDB's annual general meeting here today. He said the company had obtained a lot of data from which they were able to form "a very solid business plan” which they are now using to work with some of their partners to operate neobanking products, he said. PDB … [Read more...] about Pertama Digital exploring with banks to provide digital banking products
Digital sky
See A Jaw-Dropping Crescent Moon, 50 Meteors An Hour And Our Billion-Star Milky Way: What You Can See In The Night Sky This Week
Share to Twitter Share to Linkedin Each Monday I pick out the northern hemisphere’s celestial highlights (mid-northern latitudes) for the week ahead, but be sure to check my main feed for more in-depth articles on stargazing, astronomy, eclipses and more. What To See In The Night Sky This Week: June 27-July 3, 2022 It’s not easy going stargazing in summer at this time of year in the northern hemisphere. The nights are just so short. The best reason to stay up late and go somewhere dark is the sight of the spiral arms of our Milky Way galaxy arcing across the night sky. Look to the southeast and south for that this month—and this week in particular—which will also include lush views of a slender crescent Moon. Who said summer was no good for stargazing? Monday, June 27, 2022: Boötids meteor shower and a crescent Moon meets Mercury The June Boötids meteor shower—occasionally called the June Draconids or Boötid-Draconids meteor shower—runs … [Read more...] about See A Jaw-Dropping Crescent Moon, 50 Meteors An Hour And Our Billion-Star Milky Way: What You Can See In The Night Sky This Week
DNeX, MyNews, AAX, Spritzer, Sapura Energy, Pertama Digital, Southern Cable, TNB, Reach Energy
- A + A KUALA LUMPUR (June 27): Here is a brief look at some corporate announcements and news flow on Monday (June 27) which include Dagang NeXchange Bhd, MyNews Holdings Bhd, AirAsia X Bhd, Spritzer Bhd, Sapura Energy Bhd, Pertama Digital Bhd, Southern Cable Group Bhd, Tenaga Nasional Bhd and Reach Energy Bhd. Dagang NeXchange Bhd (DNeX) signed a memorandum of understanding with Saudi Arabia-based Ajlan & Bros Holding Group (Abilitii) to explore business synergy between the two companies. DNeX said the companies will look into business collaboration in technology, software products and platforms for facilitating trade, oil and gas production and trade, software development, system integration and consultation services. MyNews Holdings Bhd posted its ninth consecutive quarter in the red, with a net loss of RM10.22 million for the second quarter ended April 30, 2022, from RM10.32 million a year ago. The results came amid higher revenue, offset by higher cost … [Read more...] about DNeX, MyNews, AAX, Spritzer, Sapura Energy, Pertama Digital, Southern Cable, TNB, Reach Energy
Tax Information Reporting On Digital Assets Steps Into The Spotlight
Share to Twitter Share to Linkedin The looming prospect of compliance with the reporting requirements in section 6050I has been a problem for the digital asset industry since the passage of the Infrastructure Investment and Jobs Act (P.L. 117-58) last November. The requirements pose procedural obstacles and privacy concerns for taxpayers, but the government has an interest in ensuring compliance with the tax laws. The revised version of section 6050I requires taxpayers engaged in a trade or business to file an information return when they receive $10,000 or more in digital assets in one transaction or two or more related transactions in the course of that trade or business. The information required is the name, address, and tax identification number of the person from whom the assets were received; the amount of the assets; and the date and nature of the transaction. The provision was originally designed for cash transactions. The brief push for … [Read more...] about Tax Information Reporting On Digital Assets Steps Into The Spotlight
Polygon Leads Broad Crypto Surge, Bitcoin Breaks Back Above $21,000
Share to Twitter Share to Linkedin Cryptocurrencies are rising Friday as bitcoin climbed over $21,000 during Asia’s trading hours. MATIC, the native token of Ethereum-scaling platform Polygon MATIC , is leading the surge, according to Forbes Digital Assets leaderboard . The token has extended its Thursday rally after Polygon’s team introduced a product with improved privacy for decentralized autonomous organizations (DAOs) and Coinbase, the largest cryptocurrency exchange in the U.S. by market share, announced that it had added support for cryptocurrency transactions on Polygon. MATIC is up by 16.45% over the past 24 hours as of 9:38 A.M. ET. Among the 10 largest cryptocurrencies, XRP XRP and solana are posting the highest gains, 13.3% and 12% respectively. Speaking at the NFT.NYC conference yesterday, Anatoly Yakovenko, Solana’s SOL cofounder and CEO, unveiled a new Android phone called Saga and a new subsidiary within Solana focused on … [Read more...] about Polygon Leads Broad Crypto Surge, Bitcoin Breaks Back Above $21,000
Company buying Trump’s social media app faces subpoenas
The company planning to buy Donald Trumps new social media business disclosed Monday that it has received subpoenas from a grand jury in New York. Shares of Digital World Acquisition Corp. dropped 7% in morning trading Monday as the company reported that the subpoenas and related investigations by the Department of Justice and the Securities and Exchange Commission could delay its acquisition of the maker of Trump's Truth Social app. Trumps social media venture launched in February as he seeks a new digital stage to rally his supporters and fight Big Tech limits on speech, a year after he was banned from Twitter, Facebook and YouTube. The Trump Media & Technology Group which operates the app and was in the process of being acquired by blank-check firm Digital World said in a statement that it will cooperate with "oversight that supports the SECs important mission of protecting retail investors. Digital World said in a regulatory filing Monday that each member of its … [Read more...] about Company buying Trump’s social media app faces subpoenas
‘Gig economy’ may employ 2.35 crore people by FY30, says NITI Aayog report
India’s gig economy could employ 2.35 crore people by FY30, representing a three-and-a-half-times increase over 10 years, a report by the government think-tank NITI Aayog estimates. The gig economy employed around 68 lakh people in FY20, India's Booming Gig and Platform Economy: Perspectives and Recommendations on the Future of Work report released on June 27 said. The total number of employed persons in India in FY20 is estimated to be 51.10 crore. The report expects the number to rise to 56.96 crore by FY30. Usually temporary and part-time, gig jobs can range from food delivery to driving for ride-hailing companies such as Ola and Uber. "At present, about 47 percent of the gig work is in medium skilled jobs, about 22 percent in high skilled, and about 31 percent in low skilled jobs," the report said. Close "But the trend shows the concentration of workers in medium skills is gradually declining and that of the low skilled and high skilled is increasing. It … [Read more...] about ‘Gig economy’ may employ 2.35 crore people by FY30, says NITI Aayog report
Zalando Joins Forces With Save Your Wardrobe To Chase Net Positive Fashion Ambition
Share to Twitter Share to Linkedin When it comes to sustainability and fashion, particularly the fast variety, it would be an understatement to say the industry has a few problems. First and foremost, fast fashion is the third biggest polluter globally , with textile production contributing more to climate change than international aviation and shipping combined . But there’s also the more shadowy and therefore dangerous misperception that the spending behemoth of Gen Z has been molded in a wholly Thunbergian image; despite a considerably raised bar of eco-intentions the infamous specter of the values-actions gap (the disparity between what people say they value/will do vs. what happens when it comes to the crunch) reveals a very different story. Zalando’s Reality Check Fuels Partnership Affirming this, in April this year German multinational e-commerce giant Zalando (45m active consumers, 23 markets and 4500 brands including 300 designer labels) … [Read more...] about Zalando Joins Forces With Save Your Wardrobe To Chase Net Positive Fashion Ambition
LongTail Rally: 30 Supercars, 2,000 Miles, 8 Days Of Thrill, Infinite Chill
Share to Twitter Share to Linkedin Spending 8 days and 2,000 miles driving non-stop is either your worst nightmare or your personal state of nirvana (we’re talking “release of the soul from karmic bondage” nirvana here). Achieving that state of mind on the open highway may be putting a bit too much pressure on the road trip concept, but that didn’t stop the LongTail Rally organizers from trying. With a route that started in Laguna Beach, ended in Las Vegas, and visited Palm Springs, Beverly Hills, Santa Barbara, Monterey, Yosemite and Death Valley in between, I feared a triathlon-like experience after glancing at the LongTail Rally itinerary. But rally organizer Mike Knapp quickly allayed those fears. “We rarely hit the road before 11 am, and we’re always at our next night’s accommodations by 5 pm.” If you’re a car rally noob (like me), you may not know this, but most exotic car rallies are not run this way. Instead of reveling in engaging roads … [Read more...] about LongTail Rally: 30 Supercars, 2,000 Miles, 8 Days Of Thrill, Infinite Chill
BTS Fills Every Single Spot On One Billboard Chart, Making It Entirely Their Own (Again)
Share to Twitter Share to Linkedin As their new anthology collection Proof debuts atop a number of Billboard charts—including the all-important Billboard 200 —BTS also appears on several song-specific lists operated by the company and publication, and they completely dominate one tally as only they can. BTS fill all 15 spots on the World Digital Song Sales chart this week thanks to a fan base that is happy to purchase their CDs and tracks, as opposed to only streaming them. It’s incredibly rare for any act to claim a Billboard chart all for themselves, and the South Korean boy band is one of the only names left in the business that can manage such a feat. New at No. 1 on this week’s World Digital Song Sales chart is “Yet To Come,” the lead single from Proof . The tune is one of three previously-unheard tracks featured on the lengthy set, and it also reaches the more competitive Hot 100. On that list, the cut starts at No. 13. Impressively, … [Read more...] about BTS Fills Every Single Spot On One Billboard Chart, Making It Entirely Their Own (Again)