Startup under 25

Photo courtesy of Bangko Sentral ng Pilipinas Facebook Page MANILA  – The Bangko Sentral ng Pilipinas (BSP) is expected to raise its policy rate by 25 basis points or 0.25 percentage point to 6.25 percent on March 23 amid lingering concerns about the health of the global financial system. This will represent a slower tightening that, according to ING Bank, might pave the way for a likely pause of hikes in May. Before the latest policy meeting scheduled on Thursday, the Monetary Board (MB) went for hikes of 0.5 ppt on two previous occasions—February and December 2022. This, in turn, followed a 0.75-ppt hike in November last year. Since starting the tightening cycle last May, the BSP’s key rate has risen by 4 ppt from a pandemic-prompted historic low of 2 percent. Commitment Nicholas Mapa, senior economist at ING Bank, said a smaller rate hike this week will serve as an “insurance” considering that inflation remained well-above the government’s target range at 8.6 percent in … [Read more...] about BSP tipped to raise key rate to 6.25%

Share to Twitter Share to Linkedin One of the world’s most successful drone delivery companies will be expanding to mainland Europe and the United States in 2023. Manna Aero has already done over 100,000 drone deliveries in multiple locations in Ireland, and is trending to hit over 1,000 deliveries per day in individual dense urban markets. But it won’t be instantly available everywhere. And Manna is not releasing its first target market in the U.S. “Nobody is to go full throttle up scaling,” says CEO Bobby Healy on a recent TechFirst podcast. “We're more interested in demonstrating we can operate in multiple markets, and that we can do, say, a thousand deliveries a day in a very dense area. And so that's what we'll be doing by this summer ... in Dublin.” Google sister company Wing is probably leading drone delivery in the U.S., right now, running deliveries in the Dallas-Fort Worth area in addition to other locations in the U.S. and globally. … [Read more...] about Irish Drone Delivery Startup Expanding To U.S. And Mainland Europe

Share to Twitter Share to Linkedin In this Forbes column from December 2022, I talked briefly about my pursuit of a lifelong dream to become a private pilot and how, over the past year, I’ve been writing a book about the experience. I was recently reviewing the first draft of the book manuscript while, in the back of my mind, considering ideas for a column centered on entrepreneurship. My writing worlds collided while I was reading through a part of my new book that addresses whether you must be some sort of genius to fly. In that earlier column, I noted that while you don’t have to be a member of the Mensa Society to command an aircraft, you do need a combination of unique traits to get through the rigors of flight training. While reading the list of traits I detailed almost a year ago, I realized several are relevant to succeeding as an entrepreneur. This may not be too surprising. Starting a company and flying a small plane have elements of risk … [Read more...] about Want To Be An Entrepreneur? Think Like A Pilot

Share to Twitter Share to Linkedin Center-stage startups may soon become gamechangers; meanwhile their journey could already contain a valuable lesson for us all Innovation Spotlight The journey of each start up is unique, yet the challenges they encounter are not. The ways they choose to overcome obstacles on their path, the creativity it takes to maneuver and prevail along the way and their ultimate recipes for success can all fill chapters in a potential guidebook for new starts up. Each company has something to contribute to this vast shared pool of collective knowledge. Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) is an innovator in automotive vision systems; it develops smart multi-spectral vision software solutions and cellular-based applications. Startup’s founder and CEO, Haim Siboni, explains: “Our vision solutions vary. They include modules of automatic calibration and a dense three-dimensional (3D) point cloud that can be … [Read more...] about The Trailblazers: Introducing Foresight

Share to Twitter Share to Linkedin If you are 25 or younger, chances are high that you never encountered the paper version of Yellow Pages but throughout the 20th century, print directories were among the primary ways for consumers and businesses to connect. Established in 1886, Yellow Pages posted its final print issue in January 2019 closing the chapter on 130 plus history of print directory marketing. In the late 1990s, the new exotic profession of online directory marketing emerged with the rise of Yahoo! and other online directories, and quickly disappeared as the search engines took over. Search engine to be precise, since Google quickly took the lion’s share of the market in the early 2000s. Since then, every business is being bombarded by armies of search engine optimization (SEO) marketers offering to analyze and optimization of your websites, social networks, and all kind of tricks designed to get the business to the top of search results. According … [Read more...] about From SEO To GEO: What GPT Marketers Need to Know

Share to Twitter Share to Linkedin There were no new bank failures over the weekend. But the global banking system is not in the pink of health. There are two reasons for continued concern: A March 13 study by four economists reveals that 186 banks are at risk of “impairment” of $300 billion worth of insured deposits A March 19 New York Times report reveals that the Federal Reserve began warning Silicon Valley Bank (SVB) of financial risks in 2021 — over a year before it cratered — yet SVB management did nothing. What’s more Moody’s warned SVB’s management of an imminent downgrade about a month before it announced its emergency capital raise. Shares of First Republic Bank FRC are trading well below where they were after it received $30 billion in deposits from other banks on March 16. It seems only a matter of time before more rot in the banking system comes to light. (I have no financial interest in the securities mentioned in this … [Read more...] about Why 186 Other Banks Could Go The Way Of Silicon Valley Bank

Share to Twitter Share to Linkedin Over half of college students (51%) believe that using artificial intelligence (AI) tools like ChatGPT to complete assignments and exams is cheating. Two in ten (20%) disagreed, and the remainder were neutral. Those are among the key findings from a just-released BestColleges survey of 1,000 current undergraduate and graduate students, conducted in the first two weeks of March. The survey found that 43% of college students overall say they’ve had experience using AI tools like ChatGPT, and half of those acknowledge turning to those tools to work on assignments or exams. This figure translates into 1 in 5 college students admitting they employ AI to complete their schoolwork. Most of the students who’ve used AI apps said they did so for personal projects, out of curiosity, or for fun. Student Views About The Ethics Of AI Tools Students’ opinions about the ethics of using ChatGPT for their academic assignments … [Read more...] about More Than Half Of College Students Believe Using ChatGPT To Complete Assignments Is Cheating

Share to Twitter Share to Linkedin With or without Aaron Rodgers, the folks in the desert didn't give the Green Bay Packers much of a chance to win the NFC North on 2023. Before it became clear that Rodgers’ time in Green Bay was over, Fanduel gave the Packers the third-best odds to win the division at +340. Now, with Rodgers expected to be playing for the New York Jets in 2023, Green Bay’s odds are at +410. What is fascinating, though, is Fanduel believes the Packers will finish last in the NFC North. The last time that happened was 2005, when Green Bay went 4-12. In fact, the Packers have been either first or second in the division 14 of the past 17 years and third just three times (2008, 2017, 2018). Fanduel currently has Detroit as the divisional frontrunner at +130. The Lions haven't won the NFC North since 1993. Minnesota, which won the division by four games in 2022, is picked for second at +310. Chicago, which had the worst record in the … [Read more...] about Oddsmakers Believe The Green Bay Packers Will Finish Last In The NFC North

Share to Twitter Share to Linkedin Georgetown is expected to name Providence coach Ed Cooley as its new men’s basketball coach to replace Patrick Ewing, according to multiple people with knowledge of the situation. The news has also been reported by several outlets, including ESPN.com. “Sometimes in life change is needed for emotional stability, for wellness and just because you're at a place doesn't mean everything’s forever,” Cooley told Morey Hershgordon of WPRI 12 in a television interview Sunday night. “Providence has always been my dream job and I’ll continue to say that. Sometimes circumstance changes and it has nothing to do with administrators, it has nothing to do with athletic directors, it has all to do with where me and wife feel is something that we may possibly need.” Cooley, a 53-year-old Providence native, becomes the first coach in Big East history to move from one league program to another. On Monday, it was reported on … [Read more...] about NCAA Coaching Carousel: Georgetown Expected To Hire Providence Coach Ed Cooley

Share to Twitter Share to Linkedin Anita Samojednik is CEO of Paro, a startup disrupting the way companies access on-demand financial expertise. The term "quiet quitting" has dominated media headlines and social media over the past few months. TikTok might have popularized the buzzword, but the concept is far from new. Despite the name, quiet quitting has little to do with quitting. Rather, an employee chooses to work their required hours and take on no additional responsibilities beyond their defined role. To me, this isn’t surprising. After a global pandemic, people are paying more attention to their mental health and personal well-being. According to my company’s recent survey of more than 2,000 full-time and self-employed knowledge workers, 39% said work-life balance was the most important aspect of their job in 2022, ahead of 28% who cited compensation. Given professionals’ focus on creating a better work-life balance, along with many … [Read more...] about Three Ways To Prevent Quiet Quitting