Share to Twitter Share to Linkedin Jason Cross is the SVP, Digital Presence and Commerce, at Newfold Digital; Jason has a long history of assisting SMBs. It’s easy to argue that starting a small business has never been more exciting. The pandemic made e-commerce more popular than ever and, in many ways, lowered the barriers between aspiring entrepreneurs and the digital tools they need to succeed. Business owners in various fields found that selling and advertising their products and services online could be a new growth channel and opportunity. Despite these positive trends, economic uncertainty has become a test of SMBs’ resilience. But just as the pandemic created new opportunities, small-business owners and entrepreneurs now have a chance to capitalize on a difficult moment. Here are a few tips for weathering tough times to strengthen your small business or side hustle. Have The Right Expectations Entrepreneurship starts with passion … [Read more...] about How New SMBs Can Set Themselves Up For Online Success
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New York still top, Moscow sinks in finance center ranking
A view of the New York City skyline of Manhattan and the Hudson River), as seen from Weehawken, New Jersey, U.S. April 18, 2020. REUTERS/Jeenah Moon/File photo LONDON – New York remains far and away the world’s most favored financial center, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Financial Centres Index (GFCI) showed on Thursday. Paris returned to the top 10 to replace Tokyo, but Moscow sank 22 places to 73rd as Western countries severed ties with the capital after Russia’s invasion of Ukraine in February, GFCI said. GFCI, compiled by Z/Yen, a City of London think tank, and the China Development Institute, rated 119 centers using 66,121 assessments from 11,038 financial professionals, and quantitative data. New York has held the top position among global financial centers ranked by GFCI for four years, overtaking London. “London’s second position looks secure but needs a significant global change to once … [Read more...] about New York still top, Moscow sinks in finance center ranking
ADB SEADS 2023: Imagining a Net-Zero ASEAN
Key Takeaways ADB’s fourth Southeast Asia Development Symposium (SEADS) will bring together decision-makers, innovators, and climate leaders from government, industry, academia, and the development sector to discuss practical ways to achieve carbon neutrality by 2050. SEADS 2023’s plenary panel discussion, “Financing Net Zero,” will explore measures to bridge the gap in climate financing, and enable countries in ASEAN to attain net-zero and the Sustainable Development Goals. SEADS 2023 will launch a new ADB report, ASEAN and Global Value Chains: Locking in Resilience and Sustainabliity, which provides actionable insights for strengthening ASEAN’s value chain resilience against the impacts of climate change. ADB SEADS 2023 will be a low-carbon event, with less than 10% of participants travelling to the sustainable venue, and with carbon offsets for every attendee. In response, countries in Southeast Asia have committed to decarbonization, with eight out of 10 member … [Read more...] about ADB SEADS 2023: Imagining a Net-Zero ASEAN
Duterte’s FOI order leads to ‘unintended consequences’
TRANSPARENCY POLICY President Duterte signs an executive order laying down his administration’s policy of full public disclosure and transparency in public service, but it does not cover the legislature, judiciary and even local governments. —MALACAÑANG PHOTO President Rodrigo Duterte’s issuance of an executive order on freedom of information (FOI) was a much-lauded move and a step in the right direction, but it has had “unintended consequences” that have not always led to greater transparency. Executive Order No. 2, signed on July 23, 2016, and implemented for about seven months now, has laid down a policy of full public disclosure and transparency in public service to promote accountability, and sets the guidelines for requesting and releasing information from offices under the executive branch. Subsequent issuances laid down exceptions to transparency and the administrative penalties for government officers who would not abide by these. Congress, LGUs not covered The … [Read more...] about Duterte’s FOI order leads to ‘unintended consequences’
What the PH needs now to solve a water crisis
With the onset of La Niña, we cannot just wait for legislation to solve our water problems. During his State of the Nation Address, President Marcos announced the creation of a Department of Water Resources as a key legislative measure. Since it is uncertain when Congress will act upon it, we must take action now. Water is a prerequisite for sustainable development. Last Sept. 7 during the general assembly of the Sustainable Development Solutions Network (SDSN), leadership council member Alyansa Agrikultura brought up the need for coordination among 32 water-related agencies in government. What went before? In 2018, a joint legislative-executive private sector committee was formed to address the water crisis. The Asian Development Bank (ADB) had placed the Philippines at the bottom third of 48 countries in terms of water governance. As the committee’s private sector secretary general, I followed the guidance of University of the Philippines Los Baños (UPLB) Water Center chair … [Read more...] about What the PH needs now to solve a water crisis
Evergrande debt revamp plan fails to cheer investors, property stocks fall
The Evergrande Center of China Evergrande Group is seen in Shanghai, China Sept 24, 2021. REUTERS/Aly Song HONG KONG -China Evergrande Group’s debt restructuring proposal, a test of investor sentiment toward the battered property sector, failed to impress because of its long repayment period and lack of enough sweeteners, creditors and analysts said. Evergrande is the world’s most indebted developer with about $300 billion in liabilities. Its debt restructuring, the country’s biggest such exercise, is aimed at saving it from a disorderly collapse. The developer has $22.7 billion of offshore debt, all of which is deemed to be in default. The plan provided two main options to its dollar bondholders to recoup their investments. Creditors can either swap all of their holdings into new notes with maturities of 10 to 12 years, or convert them into different combinations of new notes with tenors of five to nine years and equity-linked instruments. Bondholders of notes issued by … [Read more...] about Evergrande debt revamp plan fails to cheer investors, property stocks fall
Megawide to start P1.5-B preferred share offering on March 28
MANILA, Philippines – Tycoon Edgar Saavedra’s Megawide Construction Corp. is rolling out a P1.5 -billion preferred share sale next week after pricing the initial dividend rate at 7.09 percent. In a stock exchange notice, the construction and engineering group said the offer period will run from March 28 to April 4 this year. The shares will be listed on April 17. Megawide is selling up to 15 million preferred shares at P100 per share. It tapped RCBC Capital Corp. as sole issue manager, lead underwriter and book runner for the offer. The company earlier said the offer proceeds would be used to fully redeem its series 2A preferred shares that were issued in 2020, according to the deal prospectus dated Jan. 5, 2023. These were being redeemed before the dividend rate increases due to a step-up feature that kicks in on May 27 this year. The company retains the option to redeem the series 5 shares in 2026 or three years from the listing date, an earlier prospectus showed. … [Read more...] about Megawide to start P1.5-B preferred share offering on March 28
New York holds top spot, London second in Z/Yen financial center survey
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S. REUTERS/Brendan McDermid/File photo LONDON – New York kept the top spot in the latest rankings of global financial centers from Z/Yen Group on Thursday, with London and Singapore also unchanged in second and third place. New York overtook London to head the table in September 2018 — two years after Britain voted to leave the European Union — but London has retained its second place ranking since then, despite some predicting it could take a heavy knock from Brexit. “New York retains a significant first position, and five other U.S. centers are in the top 10,” Z/Yen chairman Michael Mainelli said in a statement. Finance industry officials worried about London’s global reputation as a financial center after the Bank of England had to step in last September to buy government bonds to stop a rout in prices. Markets had been unnerved by a government announcement of unfunded tax cuts. … [Read more...] about New York holds top spot, London second in Z/Yen financial center survey
Unionists allegedly received protest slogans from North
The Suwon District Prosecutors' Office in Yeongtong District, Suwon, Gyeonggi [YONHAP] Prosecutors requested arrest warrants for four former and current leaders of the Korean Confederation of Trade Unions (KCTU) for allegedly contacting North Korean agents overseas. The Suwon District Prosecutors’ Office applied for the warrants on Thursday, accusing the unionists of violating the National Security Act. Prosecutors are seeking to arrest a high-ranking official at the KCTU surnamed Seok, an official at the Korean Health and Medical Workers’ Union surnamed Kim, a former high-ranking official of the Korean Metal Workers’ Union surnamed Kim and the owner of a so-called "peace shelter" on Jeju Island surnamed Shin. The “peace shelter” is dedicated to the victims of the Sewol passenger ferry, which capsized off Korea's southern coast in April 2014 while en route to Jeju, killing 299 passengers. Seok is accused of being in touch with multiple North Korean agents — including Ri … [Read more...] about Unionists allegedly received protest slogans from North
Antisemitic Attacks Hit All-Time High In 2022, ADL Report Says
Share to Twitter Share to Linkedin Topline Reports of antisemitic incidents in the United States hit record levels in 2022, the Anti-Defamation League said in a report published Thursday, continuing a five-year upswing in antisemitism amid mounting fears the behavior of influential public figures like Donald Trump and Kanye West are normalizing hate. Key Facts The ADL recorded 3,697 antisemitic incidents across the U.S. in 2022, the highest annual total since the organization started tracking incidents in 1979. The figure marks a 36% increase from the year before—itself a record-setting year—and follows a broad uptick in hate towards the American Jewish community over the past five years, three of which recorded record levels of antisemitic incidents. The report said no single factor was responsible for the surge in hate and five states— New York (580), California (518), New Jersey (408), Florida (269) and Texas (211)—collectively accounted … [Read more...] about Antisemitic Attacks Hit All-Time High In 2022, ADL Report Says