Digital Economy – No Censor http://nocensor.org/ Tue, 17 May 2022 11:08:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://nocensor.org/wp-content/uploads/2021/05/default1.png Digital Economy – No Censor http://nocensor.org/ 32 32 BW Digital Completes Acquisition of Hawaii https://nocensor.org/bw-digital-completes-acquisition-of-hawaii/ Tue, 17 May 2022 11:08:06 +0000 https://nocensor.org/bw-digital-completes-acquisition-of-hawaii/ BW now owns 100% of the shares of Hawaiki, with the transaction having received its applicable regulatory filings and approvals. “We are delighted to have received approval for our investment in Hawaiki and will now be doubling down on our new cable projects,” said Andreas Sohmen-Pao, president of BW Digital. “These cables represent vital infrastructure […]]]>

BW now owns 100% of the shares of Hawaiki, with the transaction having received its applicable regulatory filings and approvals.

“We are delighted to have received approval for our investment in Hawaiki and will now be doubling down on our new cable projects,” said Andreas Sohmen-Pao, president of BW Digital.

“These cables represent vital infrastructure for the deployment of technology in industry, research and the digital economy. And they are catalysts for social progress by connecting countries across oceans, facilitating digital trade just as ships in the past enabled physical trade.

In 2018, Hawaiki completed the Hawaiki Cable, a 15,000 km fiber optic submarine cable system linking Australia, New Zealand, American Samoa, Hawaii and the West Coast of the United States.

BW Digital’s strategy includes a series of complementary projects focused on the Asia-Pacific region, including Hawaiki Nui, the first undersea cable to directly interconnect Singapore, Indonesia, Australia, New Zealand and the United States. Unis, as well as Datagrid, a carbon-neutral hyperscale. data centre, powered by 100% green energy and located in Invercargill on the South Island of New Zealand.

“Our team is excited to complete this new chapter in the company’s history,” said Rémi Galasso (pictured), CEO of BW Digital and founder of Hawaiki.

“By capitalizing on Hawaiki’s existing assets, our strategy is to build an independent, carrier-neutral digital infrastructure platform that will meet the ever-increasing market demands for international connectivity and durable data storage.

Additionally, BW Digital is partnering with Chilean public infrastructure company Desarrollo País to develop the Humboldt Cable System that will connect Sydney to Valparaiso, Chile.

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Government examines the feasibility of a digital technology park https://nocensor.org/government-examines-the-feasibility-of-a-digital-technology-park/ Sun, 15 May 2022 18:12:19 +0000 https://nocensor.org/government-examines-the-feasibility-of-a-digital-technology-park/ The Cambodian government, through the Ministry of Posts and Telecommunications, is exploring the feasibility of establishing a digital technology park to attract tech companies to the country. During a seminar on “the feasibility of creating a digital technology park” via a virtual meeting, Chea Vandeth, Minister of Posts and Telecommunications (MPTC), said that the ministry, […]]]>

The Cambodian government, through the Ministry of Posts and Telecommunications, is exploring the feasibility of establishing a digital technology park to attract tech companies to the country.

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During a seminar on “the feasibility of creating a digital technology park” via a virtual meeting, Chea Vandeth, Minister of Posts and Telecommunications (MPTC), said that the ministry, which is in charge of the digital sector, is keen to build a thriving digital economy.

Experience abroad has shown that the creation of digital technology parks can contribute to the development of the digital sector, attracting investment and human talent.

Ministry spokesman Ly Sovannarith said Khmer time that the digital technology park can be developed into an innovation and technology hub to boost manufacturing, services and trade through research and development.

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“During the seminar, the MPTC working group received contributions from leading ICT operators as well as local and overseas digital technology companies. In a next step, we will collect additional information, study techniques, conditions as well as standards, review requirements to develop a detailed master plan and search for potential investors,” he said.

He added that “some of the benefits of the digital technology industrial park include supporting local businesses looking to further develop their technology. It will also create new jobs for Cambodians. In addition, it encourages collaboration between the private and public sectors. It can also attract global companies and research institutes. Finally, it will provide the necessary infrastructure to promote the successful construction of the digital economy and society in the country in the near future.

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China criticizes planned US economic framework as Biden welcomes Southeast Asian leaders — Radio Free Asia https://nocensor.org/china-criticizes-planned-us-economic-framework-as-biden-welcomes-southeast-asian-leaders-radio-free-asia/ Fri, 13 May 2022 18:37:00 +0000 https://nocensor.org/china-criticizes-planned-us-economic-framework-as-biden-welcomes-southeast-asian-leaders-radio-free-asia/ Beijing has criticized the Indo-Pacific Economic Framework (IPEF) proposed by the United States, calling it Washington’s attempt to induce Southeast Asian countries to “decouple from China”. US President Joe Biden hosted a special two-day summit with leaders of the Association of Southeast Asian Nations (ASEAN) which ends on Friday. At the summit, the United States […]]]>

Beijing has criticized the Indo-Pacific Economic Framework (IPEF) proposed by the United States, calling it Washington’s attempt to induce Southeast Asian countries to “decouple from China”.

US President Joe Biden hosted a special two-day summit with leaders of the Association of Southeast Asian Nations (ASEAN) which ends on Friday. At the summit, the United States is expected to share more details on the framework, which is expected to be officially launched later this month when Biden visits South Korea and Japan.

This is not a free trade pact in the mold of the Trans-Pacific Partnership that the Obama administration has championed and negotiated for years as part of its foreign policy “pivot” to Asia, to see the administration Trump drop it. An iteration of the same agreement was later adopted by other Pacific nations.

But IPEF seeks to foster ties with Indo-Pacific economic partners by establishing trade rules and building a supply chain, without China.

In President Biden’s words at the East Asia Summit last year, IPEF involves “trade facilitation, standards for the digital economy and technology, resilience of the supply, decarbonization and clean energy, infrastructure, labor standards and other areas of common interest. ”

On Thursday, Beijing warned Washington that the Asia-Pacific is “not a chessboard for geopolitical competition” and that any framework for regional cooperation should “follow the principle of respect for the sovereignty of others and non-interference in the internal affairs of others”.

The Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian said China rejects the “Cold War mentality” when it comes to regional groupings.

People’s Daily, mouthpiece of the Communist Party of China, said in an editorial that the IPEF is designed to “compensate for the shortcomings of Washington’s previous engagement with Southeast Asia, which focused only on security and ignored the economy”.

“The United States has deep political and strategic goals aimed at forcing countries to decouple from China,” some analysts quoted by the newspaper said.

The rally in Washington is the second special U.S.-ASEAN summit since 2016, when then-President Barack Obama hosted the bloc’s leaders in Sunnylands, California.

ASEAN leaders minus Myanmar and the Philippines attended a White House dinner with Biden on Thursday and met with a host of US political and business leaders, but had no bilateral meetings with the US president. . The leaders were meeting with Biden and Vice President Kamala Harris on Friday at the State Department.

There are 10 ASEAN member states, but the Burmese junta was not invited to the summit and the Philippines, which held a presidential election last weekend, only sent its foreign minister.

ASEAN caution

Singapore Prime Minister Lee Hsien Loong was the first ASEAN leader to host IPEF.

Speaking during an engagement with the US-ASEAN Business Council and the American Chamber of Commerce on Thursday, Lee said IPEF “must be inclusive and provide tangible benefits to encourage wider participation”.

“We encourage greater ASEAN participation in IPEF and hope that the United States will directly invite and engage ASEAN member states in this endeavor,” he said.

Singaporean Prime Minister Lee Hsien Loong listens to a translation of remarks during a meeting with ASEAN leaders and US business representatives as part of the Association of Asian Nations Special US-ASEAN Summit (ASEAN), in Washington, U.S., May 12, 2022. (Reuters)

Now, It’s understood that only two of the 10 ASEAN countries – Singapore and the Philippines – are expected to be among the initial group of countries to sign up for negotiations under the IPEF.

“Most ASEAN members have remained hesitant to voice support for Biden’s IPEF, which they say is a counterweight to China’s Belt and Road Initiative in particular and economic coercion. of Beijing in general,” said Huynh Tam Sang, a senior lecturer in Ho Chi Minh City. City University of Social Sciences and Humanities (USSH) in Vietnam.

“Given the economic proximity to China, ASEAN member states have sought to avoid provoking Beijing, let alone getting involved in Sino-US competition,” Sang said.

Yet, judging by prepared statements and initial reactions from ASEAN leaders on the prospects for ASEAN-US economic cooperation and IPEF, “they not only appreciate the substance of the relationship, but are eager to see it grow,” said Thomas Daniel, a senior fellow at the Malaysian Institute for Strategic and International Studies.

“Unfortunately, Washington is still unable to fully grasp or respond to Southeast Asia’s desire for practical dimensions that will bring immediate and tangible benefit to local economies and communities,” he said. he declared.

On Thursday, Malaysian Prime Minister Ismail Sabri Yaakob urged the United States to adopt a more active trade and investment agenda with ASEAN countries. He pointed to the China-backed Regional Comprehensive Economic Partnership, which entered into force this year, as an important tool to boost regional trade and economic activities through the reduction of trade barriers.

Seeking to deliver tangible benefits at the summit, Biden offered $150 million for infrastructure, security, pandemic preparedness and other ASEAN efforts.

More division in the block?

Details of the IPEF remain vague, but policymakers in Washington said they are designing a framework to prioritize flexibility and inclusion, with a layout of your choice for participating countries, allowing them to select the individual areas in which they wish to make more specific commitments.

The IPEF seeks to foster economic cooperation by establishing trade rules on “four pillars” – trade resilience, infrastructure, decarbonization and anti-corruption.

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Containers are stacked at the North Port of Manila, Inc. in Manila, the Philippines, October 19, 2021. (AP Photo)

Analysis by the Washington-based Center for Strategic and International Studies (CSIS) said that if IPEF delivers on its promises, “it will have to be well designed and managed”.

“To the extent possible, the framework should seek to advance binding rules and firm commitments that go beyond broad principles and objectives,” the SCRS said.

At the same time, “the Biden administration will need to deliver tangible benefits to regional partners, especially the less developed ones,” according to the analysis.

There are warnings that the proposed framework, if not carefully considered, could even create a greater gap between countries in the Southeast Asian region.

“Small and medium powers in Southeast Asia are likely to take a cautious approach to initiatives proposed by major powers, especially when such multilateral frameworks could undermine ASEAN’s centrality,” USSH’s Sang said. from Vietnam.

Countries like Singapore, the Philippines and Malaysia may seek to join certain “pillars” that may serve their pragmatic interests, but “China may seek to discourage smaller regional states from forging ties with Washington by participating in IPEF” .

Sang said this could particularly pose a dilemma for Laos and Cambodia, which may not want to be left behind but have deep and growing economic ties with China.

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New York Power Authority to push large-scale battery storage projects – OpenGov Asia https://nocensor.org/new-york-power-authority-to-push-large-scale-battery-storage-projects-opengov-asia/ Wed, 11 May 2022 18:55:57 +0000 https://nocensor.org/new-york-power-authority-to-push-large-scale-battery-storage-projects-opengov-asia/ A new Technology Skills Passport has been developed by the Australian Technology Network of Universities (ATN). It will help equip workers with the skills they will need in the growing tech sector. This initiative is part of a $5 million election commitment recently announced by the Coalition. With this new technology skills passport, workers will […]]]>

A new Technology Skills Passport has been developed by the Australian Technology Network of Universities (ATN). It will help equip workers with the skills they will need in the growing tech sector. This initiative is part of a $5 million election commitment recently announced by the Coalition.

With this new technology skills passport, workers will be able to match their existing skills and experience with the needs of the technology sector and work their way through the academic and professional education sectors. This initiative will build on the tradition of ATN universities to train students to engage and shape the world of work through flexible, adaptive and innovative education.

By 2025, Australia will need nearly 300,000 new tech workers. The country will also need 12,000 university and VET graduates as well as 60,000 more skilled and retrained workers than it is currently preparing. To speed up the process, ATN universities will partner with vocational training providers and the technology industry to co-design, deliver and identify skills, and provide professional support to help people capitalize on their skills.

The Technology Skills Passport will also benefit from ATN’s work with Designing Your Future – a short course that provides workers with a toolkit to solve problems, figure out what they want in a career and take practical steps to achieve their career goals.

The ATN President said the initiative is a response to ATN’s calls for government to partner with academia and industry to provide solutions to address the pressing and persistent needs for skills, respond flexibly to emerging needs and create a vision to meet Australia’s challenges and opportunities. He noted that the tripartite partnership between academia, industry and government is key to achieving better outcomes for industry, workers and the economy.

Meanwhile, the ATN Executive Director noted that the coalition is proud to have the opportunity to develop a Technology Skills Passport that draws on the best of ATN universities’ experience in the preparing students for the world of work, offering innovative education options and partnering with industry and vocational education.

Upskilling and Retraining Australians

To deliver on its commitment to make Australia one of the top ten digital and data economies by 2030, the Australian Government launched the Digital Skills Cadetship Trial in late March 2022. The trial will combine internships and apprenticeships on the job with formal training, helping cadets put classroom lessons into practice and match employers with the brightest tech talent.

The trial is expected to focus on growing fields including cybersecurity, cloud computing and data analytics, and target cohorts including those who have been displaced as a result of COVID-19 or who return to the labor market.

The essay will have a strong focus on supporting women in the tech workforce, including women considering a mid-career change or re-entering the workforce after a hiatus. Each cadet will span four to six months and may include vocational or higher education units, as well as industry training.

The Minister for Jobs, Labour, Skills, Small Business and Family Businesses said the trial is part of building a pipeline of digitally-enabled workers that will provide Australian businesses the skills they need to innovate – and individuals the opportunities to help them succeed.

The Digital Skills Cadetship Trial will provide $10.7 million to support innovative cadet approaches to digital career paths and to increase the number of Australians with digital skills. The minister noted: “We are investing over $100m in digital talent to future-proof Australia’s economy and the cadets are just one measure – we are funding cyber projects and scholarships in emerging technologies, including the IA, across Australia as part of our National Digital Economy Strategy.

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China International Big Data Industry Expo 2022 will open online on May 26 https://nocensor.org/china-international-big-data-industry-expo-2022-will-open-online-on-may-26/ Tue, 10 May 2022 02:22:00 +0000 https://nocensor.org/china-international-big-data-industry-expo-2022-will-open-online-on-may-26/ With the annual theme of “seizing digital opportunities to enjoy digital value”, China International Big Data Industry Expo 2022 will focus on the national digital economy development strategy in establishing forums and publications of achievements, will pay more attention to advanced and popular science and technology, attach more importance to innovation in the transformation of […]]]>

With the annual theme of “seizing digital opportunities to enjoy digital value”, China International Big Data Industry Expo 2022 will focus on the national digital economy development strategy in establishing forums and publications of achievements, will pay more attention to advanced and popular science and technology, attach more importance to innovation in the transformation of achievements, and rely on the strategic positioning of “four communes and a tray” Guizhou explore experiences for industrial transformation and digital construction China.

This year’s one-day event includes an opening ceremony, the “Data Valley Forum” and the “Data Expo Release”. During the opening ceremony, Chinese leaders will be invited to attend and deliver important speeches via video. Moreover, the leaders of China national ministries and commissions and Guizhou province, internationally renowned award winners, academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering and famous entrepreneurs will also deliver speeches via video.

The “Data Valley Forum” will organize 8 forums around themes such as “the national computer network to synergize East and West”, “data security” and the “metaverse”. A group of academics and experts, heads of ministries and commissions, as well as heads of renowned businesses and Internet companies, will deliver speeches via video.

The “Data Expo Release” will announce the global awards for big data science and technology achievements and business achievements. To date, 437 scientific and technological achievements have been collected.

Tao Shanghai, vice-governor of Guizhou province, said: “In recent years, the provincial party committee and the government of Guizhou have innovated and accelerated the construction of the country’s first comprehensive national-level big data pilot area, using big data as a means of promote economic and social transformation and upgrading and quality development The digital economy has achieved a historic breakthrough and its growth rate has been the first China for six consecutive years. Big data has become a famous business card of Guizhou. The capacity for digital innovation in Guizhou has been greatly improved, and 48 nationwide pilot demonstrations have been successively approved. The effect of data center agglomeration is significant. large-scale data centers such as Telecom, China Mobile, China Unicom, Apple, Huawei and Tencent settled in. “

Tao added, “In the next step, Guizhou The province will focus on building a “digital economy development innovation zone” and strive to build three major industrial clusters of data centers, intelligent terminals and data applications, as well as as a National Data Fusion Innovation Demonstration Center, Computing Power Center and Data Governance Center. We also aim to “seize new opportunities in the implementation of the digital economy strategy”, explore more Guizhou experience and contribute more Guizhou practices for the national big data and digital strategy China construction.”

Ma Ningyu, Mayor of Guiyang, said the China International Big Data Industry Expo, the world’s first big data-themed national-level expo, has been successfully held for seven consecutive years. It has become a global platform for showcasing the latest achievements, guiding industry development, exchanging development ideas, and creating cooperation opportunities.

Guiyanglocated to the southwest China Guizhou province, has earned the reputation of “China Big Data Valley” for taking the lead in big data development in recent years. high-end, specialization, internationalization, industrialization and sustainability. “

SOURCE The 2022 China International Big Data Industry Expo Organizing Committee

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Governor of the Saudi Digital Government Authority meets with UN officials https://nocensor.org/governor-of-the-saudi-digital-government-authority-meets-with-un-officials/ Sat, 07 May 2022 18:46:05 +0000 https://nocensor.org/governor-of-the-saudi-digital-government-authority-meets-with-un-officials/ DUBAI: The national cuisines of a few countries can boast the variety of influences found in Saudi dishes, thanks to the remarkable assortment of flavors and ingredients introduced to the Kingdom over the centuries by pilgrims, merchants and travellers. The variety of traditional dishes that can be found across the country reflects these diverse cultural […]]]>

DUBAI: The national cuisines of a few countries can boast the variety of influences found in Saudi dishes, thanks to the remarkable assortment of flavors and ingredients introduced to the Kingdom over the centuries by pilgrims, merchants and travellers.

The variety of traditional dishes that can be found across the country reflects these diverse cultural influences – from India, North and East Africa, South and Central Asia and the Levant – who have enriched and seasoned the traditions of the Kingdom.

Today, Saudi chefs and the hospitality industry are once again using food to help build bridges between nations and cultures. One organization embracing this art of ‘culinary diplomacy’ is The Red Sea Development Company, which runs the new tourism megaproject taking shape along the Kingdom’s Red Sea coast.

TRSDC CEO John Pagano with a group of Saudi hospitality students. (Provided)

In line with the goals of Saudi Vision 2030, the national strategy for economic diversification, TRSDC works to stimulate new industries, create jobs, encourage entrepreneurship and stimulate growth in the tourism, leisure and of the hotel industry.

“At the moment, our focus is to bring young Saudis into the hospitality industry,” Lars Eltvik, the company’s senior education advisor, told Arab News.

“This is a new industry for the Kingdom and there was previously a very limited supply of hospitality and culinary education in the country. This is no different from what was happening in Dubai 20 years ago.

The Red Sea Project is a plan for a sustainable tourist resort covering approximately 28,000 square kilometers along the western coast of Saudi Arabia, including more than 90 unspoiled islands. The 50 hotels and 1,300 residential properties to be built there will be served by some of the best restaurants in the Kingdom, according to Eltvik.

“We want to be able to attract, document and develop food from all regions of Saudi Arabia so that it can then be showcased in luxury hotels across the Red Sea Project,” said- he declared.

TRSDC partners with institutions across the Kingdom that were founded to preserve and promote Saudi cuisine. (Provided)

Eltvik has been in the hospitality and hospitality education industry for three decades. Between 2001 and 2009 he was based in Dubai, where he worked at the Emirates Academy of Hospitality Management.

He hopes that the success the sector has enjoyed in the commercial capital of the United Arab Emirates can be replicated in Saudi Arabia on a shorter time scale and in a way that is more faithful to the country’s cultural sensibilities.

“In Saudi Arabia, everything is in the fast lane now,” Eltvik said. “We are working to achieve the same (as we did in Dubai), and more, but in a very short time. At TRSDC, we seek to onboard tens of thousands of employees, with a strong focus on hospitality and, in the hospitality industry, a focus on the culinary arts.

Saudi chefs and the hospitality sector are again using food to help build bridges between nations and cultures. (Provided)

The company is working to promote the hospitality industry as a desirable career option for young Saudis, he said, in line with the government’s Saudiization campaign. To this end, education authorities in the Kingdom have implemented a number of programs in which TRSDC will sponsor interns who will eventually fulfill critical roles in the sector, he added.

“We are focused on the authenticity of enhancing tourism and hospitality through food in the Kingdom, and by projecting and educating young Saudis to proudly present their history and past through experience culinary,” Eltvik said.

There is consensus that simply replicating the type of restaurants and cuisines found in cities around the world will not help transform Saudi Arabia into the distinctive culinary destination envisioned. Emphasizing the promotion of the culinary arts and typical Saudi flavors is therefore clearly a priority.

QUICKREALITIES

• The Red Sea Project is a 28,000 km² sustainable tourism resort that is expected to be completed by 2030.

• The Red Sea Development Company is expected to contribute $5.3 billion to the national gross domestic product

While many traditional local dishes are common across the country – such as kabsa, which is made with rice, meat, vegetables and spices, and hares, an Arab favorite made from ground wheat, meat and spices – flavors, ingredients and cooking techniques can vary greatly from region to region.

The Red Sea port city of Jeddah has long drawn travelers from both the region and the world, resulting in dishes filled with Persian, Levantine, Turkish, Maghrebi, and Central and South Asian influences.

In Hijaz, for example, the influences of popular dishes such as rice bukhari, manto (dumplings stuffed with beef and onion), shish barak (dumplings of meat cooked in a yogurt-based stew) and rice kabli can be traced back to central and eastern Asia, while the origins of vegetable-based stews that are popular in the region can be found in North Africa and the Levant.

Meanwhile, on the central Najd plateau, the local cuisine includes heavier dishes such as soups, stews and sauces that are better suited to the region’s cooler climate.

In March, the TRSDC appointed Lawrence Assadourian its Culinary Director with a mandate to work with Saudi chefs to create unique food options for regional and international visitors, while promoting local favorites.

“One of our missions is community development,” he told Arab News. “How are we, as a group, going to make the Red Sea feel like they belong? (That) it’s not just a replica of an experience of another destination in the world?

“And one of the ways we are looking to do that is to create the necessary programs that will incubate and accelerate Saudi-based chefs. by local populations, in addition to foreign talent.

Sustainability is at the heart of what TRSDC hopes to achieve as the Kingdom’s nascent tourism, leisure and hospitality industries strive to create offerings that are sensitive to local customs and compliant with the environment.

“We are a regenerative tourist destination,” Assadourian said. “We care deeply about the environment and the integration of the communities in which we build our projects.

“We need to make sure we strike a solid balance between the international cuisine experienced in our destination and how we infuse Saudi Arabia’s culinary and cultural heritage into the entire guest experience journey.”

While many traditional local dishes are common across the country, flavors, ingredients, and cooking techniques can vary widely from region to region. (Provided)

To achieve this, TRSDC partners with institutions across the Kingdom that were founded to preserve and promote Saudi cuisine.

Among those who welcome TRSDC’s mission to serve the culinary traditions of the Kingdom to the world is Moe Inani, executive chef and co-owner of Chifty, an elegant restaurant and cosmopolitan lounge in Riyadh.

Although he is an engineer by training, Inani said his first love was cooking, a skill he learned early on helping his mother prepare meals at the family home in Jeddah, his hometown.

After completing his studies in the United States, Inani became a sous chef at Saison, a Michelin-starred restaurant in San Francisco where he learned how to prepare sushi, then at the high-end restaurants Nobu and Morimoto.

With his background in Japanese cuisine, Inani has created new twists on more conventional local catches of Red Sea fish, and Arab News has learned that talks are underway for him to collaborate with TRSDC.

“We want to be able to attract, document and develop food from all regions of Saudi Arabia,” said Lars Eltvik, senior education advisor at Red Sea Development Company. (Provided)

“Food has always united us,” Rania Moualla, a Saudi philanthropist and founder and president of ZADK, a nonprofit culinary academy in Al-Khobar in the Eastern Province, told Arab News.

The academy was founded in 2018, three years after Moualla published her cookbook, ‘A Spoonful of Home’. Its mission to nurture Saudi Arabia’s rich culinary heritage by empowering local chefs is similar to that of TRSDC, with which it has formed a partnership.

“I created ZADK because I saw that in Saudi Arabia we lacked an academy to experience our cultural cuisine,” Moualla said. “Most of our restaurants are in the hands of expatriates. I started ZADK because I wanted to do something sustainable and with a bigger impact for the community. »

She said the academy is looking for ways to grow its partnership with TRSDC in helping train the next generation of Saudi leaders.

“I can’t wait for their students to study at our academy,” Moualla said.

The Red Sea Project is a 28,000 km2 sustainable tourist resort that is expected to be completed by 2030. (Supplied)

In doing so, ZADK, which also has a separate partnership agreement with Culinary Arts Academy Switzerland, aims to promote the Saudi food scene and ensure it meets international standards.

“Our mission is to develop the best culinary school in Saudi Arabia, make it a platform for social change and teach our cuisine in a way that enables students to learn about international cuisines as well as Saudi cuisines” , Moualla said.

“Our goal is to allow our students to travel the world with Saudi cuisine and heritage.”

It is precisely this type of culinary diplomacy that TRSDC aims to offer visitors to Saudi Arabia to savor and enjoy by 2030, when the Red Sea Project is due to be completed.

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The platform economy seen as a reliable engine of growth https://nocensor.org/the-platform-economy-seen-as-a-reliable-engine-of-growth/ Fri, 06 May 2022 02:34:11 +0000 https://nocensor.org/the-platform-economy-seen-as-a-reliable-engine-of-growth/ The photo shows the headquarters of the People’s Bank of China in Beijing. [Photo/Xinhua] According to industry experts, China’s increased focus on supporting healthy growth of the platform economy will further boost the innovation and vitality of platform-based enterprises, better stabilize investor confidence and will promote high-quality development. Regulations covering the platform economy should be […]]]>

The photo shows the headquarters of the People’s Bank of China in Beijing. [Photo/Xinhua]

According to industry experts, China’s increased focus on supporting healthy growth of the platform economy will further boost the innovation and vitality of platform-based enterprises, better stabilize investor confidence and will promote high-quality development.

Regulations covering the platform economy should be applied in a standard, transparent and predictable manner and follow the rule of law principle and market orientation, they said.

Their comments came after a meeting of the Political Bureau of the Communist Party of China Central Committee on April 29 called for efforts to promote the regulated and healthy development of the platform economy.

Turnarounds of the platform economy will be completed, regular supervision will be initiated, and specific measures to support its standardized and healthy growth will be rolled out, the meeting agreed.

The China Banking and Insurance Regulatory Commission stressed that it will complete the rectification of major platforms, set up both “red lights” and “green lights”, and implement regular monitoring to stimulate the healthy growth of the platform economy.

The People’s Bank of China, the country’s central bank, also said in a statement on Wednesday that it would improve its capital governance capacity and carry out regular supervision of the financial activities of companies on the platform.

“The latest measures indicate that the most recent rectifications of the country’s platform economy are nearly complete, while more concrete actions will be taken to ensure regular supervision of platform-based businesses in the future,” said Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at the International Business School of Zhejiang University.

Noting that the platform economy is playing an increasingly crucial role in China’s economic development amid the COVID-19 pandemic and complex external environment, Pan said more efforts are needed. necessary to take full advantage of the benefits of the platform economy, which is of vital importance in improving people’s livelihoods and developing employment.

Pan said the authorities should support the development of the platform economy to improve the efficiency of resource allocation and create new business models, new economic growth points and more jobs, while better regulating the segment.

The platform economy refers to the trend of commerce moving towards and increasingly favoring business models based on digital platforms. These platforms allow consumers, entrepreneurs, businesses, and the general public to connect, share resources, and sell products or services.

The platform economy remains an important driving force for promoting high-quality economic development, said Long Haibo, senior researcher at the State Council Development Research Center, adding that related supervision will become more predictable in the future.

Long said the latest statements mean China will strike a balance between incentivizing and regulating the platform economy, sending positive signals to the market in a bid to stabilize investor expectations and confidence.

He added that the country’s efforts to facilitate the sustainable and healthy development of the platform economy are conducive to further boost innovation of platform-based enterprises amid the pandemic and enhance their competitiveness in the global arena. .

At a meeting held by the Financial Stability and Development Committee under the aegis of the State Council, the National Cabinet, on March 16, it was decided that the governance of the platform economy should respect the principles of market orientation, the rule of law and internationalization.

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Vietnam’s digital economy hits US$53 billion in Q1 2022 – OpenGov Asia https://nocensor.org/vietnams-digital-economy-hits-us53-billion-in-q1-2022-opengov-asia/ Sun, 01 May 2022 22:13:51 +0000 https://nocensor.org/vietnams-digital-economy-hits-us53-billion-in-q1-2022-opengov-asia/ Singapore, April 28, 2022: The second edition of the Chandler Good Government Index (the “CGGI” or “the Index”) was launched today in Singapore, with Singapore ranking third in the world. Developed by the Chandler Institute of Governance (CIG), the CGGI is the world’s most comprehensive index of effective national government. This shows the importance of […]]]>

Singapore, April 28, 2022: The second edition of the Chandler Good Government Index (the “CGGI” or “the Index”) was launched today in Singapore, with Singapore ranking third in the world. Developed by the Chandler Institute of Governance (CIG), the CGGI is the world’s most comprehensive index of effective national government. This shows the importance of investing time and energy in improving the skills of civil servants and the structures within which they operate, in order to enable a better and more sustainable future. This year’s edition builds on the success of the first report and comes at a critical time as governments around the world seek to recover from the pandemic.

Based on more than 50 open data sources, the CGGI is a principle-based, data-driven way to understand the capabilities and performance of 104 governments around the world and nearly 90% of the world’s population. The index focuses on seven pillars – Leadership and Foresight; strong laws and policies; strong institutions; financial stewardship; Attractive marketplace; global influence and reputation; and Helping People Uplift. The rigorous index methodology was developed in consultation with government practitioners, leaders, index experts and governance researchers. The process was conducted independently, without any discussions or financial support with the Singapore government.

Similar to CGGI 2021, Singapore scored best globally in the areas of Financial Management and Attractive Market. This demonstrates the Singapore government’s strong fiscal policy, public finance management and budgeting capabilities, as well as highlighting the conducive business and investment environment in the country. Additionally, Singapore also took first place for Helping People Rise, highlighting Singapore’s focus on the social mobility of its people.

European nations feature prominently in the top 20, with Finland retaining the top spot and Switzerland second. Other APAC nations in the top twenty include New Zealand (9th); Japan (15th); Australia (17th); and South Korea (19th municipality).

The top 20 countries in CGGI 2022 are:

Singapore’s results by pillar are as follows:

The top 10 countries in Asia-Pacific (East Asia and Pacific and South Asia) are:

(= indicates a joint classification with another country)

The Index – developed by government practitioners, for government practitioners – was designed to be a practical tool for improving good governance. It allows governments, with their own unique economic and political situations, to assess and benchmark their capabilities and performance. The Index report provides analysis and examples of relevant and impactful policies and effective service delivery around the world.

Key findings from CGGI 2022:

Good governments are better prepared for pandemics and other crises

Released during the pandemic, the index allows us to assess how governance affects a country’s crisis preparedness and responses. The 2022 CGGI shows that countries with good governance were better prepared for the COVID-19 pandemic, conducted more tests per capita, and generally experienced fewer excess deaths per capita. Since many government capabilities – such as planning, budgeting, and policy design – can be deployed to manage different challenges, the CGGI highlights the role of better governance in how nations deal with other issues. pressing issues such as climate change and regional instability, during these increasingly turbulent times. time.

Good governance is closely linked to social mobility and social progress

The overall country rankings of the CGGI are closely linked to the degree of social mobility and the social progress of the countries. In turn, social mobility is the key to long-term cohesion and harmony within nations. The index suggests that the most capable governments are those that promote the greatest social mobility, and social mobility increases opportunities for prosperity for every citizen.

Mr. Wu Wei Neng, Executive Director of the Chandler Institute of Governance, said: “Government capabilities are a sustainable source of competitive advantage for nations. These capabilities include systems, institutions, processes and skills – things that take time to improve and develop. Once developed and strengthened, government capacities do not easily erode in the short term and can sustain governments during brief periods of instability or crisis.

Governance capabilities are a sustainable source of national advantage

About a third of CGGI countries (33) maintained the same overall ranking, and there were few significant changes in country rankings. This stability can be partly attributed to the CGGI’s focus on capabilities rather than results. Governance capabilities are the enduring foundations of public sector excellence and are stable and lasting investments that governments can make for the future.

Dr. Vu Minh Khuong, associate professor at the Lee Kuan Yew School of Public Policy, said: “Capabilities are the key to results; all countries need to invest in building better government capacity. As the world enters an era of revolutionary change, governments must be at the forefront of addressing emerging challenges and opportunities to create prosperity. International support to developing countries should therefore strategically focus on empowering and engaging governments as the main driver of national development efforts and an essential part of the solution to global challenges.

Smarter governments get better results

The index continues to show that effective government capacity is strongly linked to better outcomes for citizens. The same seven countries that top the overall index also perform best in important areas such as education, gender equity and health, which matter to citizens. Additionally, rule of law, property rights, and anti-corruption are the three capabilities out of 26 that are most closely tied to CGGI’s overall performance. They are the cornerstones on which trust-based societies and economies are built. The index not only highlights the need to build government capacity globally, but can also reveal specific areas that different governments need to prioritize.

Mr. Kent Weaver, Professor of Public Policy and Government, Georgetown University, said: “Good governance should not be taken for granted; even the best performing countries can be caught off guard by unforeseen crises. The COVID-19 pandemic shows us that trust is an essential element of good governance. Indeed, the ability to fight corruption effectively is the measure most closely associated with the overall performance of the Index. When citizens trust their leaders and institutions to indeed, governments can be more ambitious and can work closely with communities to create opportunity and prosperity.

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Op-Ed: Access to digital economy vital for SA building on freedoms issued in 1994 https://nocensor.org/op-ed-access-to-digital-economy-vital-for-sa-building-on-freedoms-issued-in-1994/ Fri, 29 Apr 2022 14:13:31 +0000 https://nocensor.org/op-ed-access-to-digital-economy-vital-for-sa-building-on-freedoms-issued-in-1994/ digital economy is vital for SA based on the freedoms issued in 1994 ” height=”677″ width=”1024″ class=”img-lazy”/> Access to the digital economy is vital for SA based on the freedoms issued in 1994 By Kian Chen, Huawei SA, Deputy CEO When South Africans went to the polls in 1994 for the country’s first fully democratic […]]]>
digital economy is vital for SA based on the freedoms issued in 1994 ” height=”677″ width=”1024″ class=”img-lazy”/>

Access to the digital economy is vital for SA based on the freedoms issued in 1994

By Kian Chen, Huawei SA, Deputy CEO

When South Africans went to the polls in 1994 for the country’s first fully democratic elections, the internet was still in its infancy. In fact, it was only in 1991 that South African universities received their first Internet connections. Few in these historic queues would have guessed how important the Internet would become in their daily lives or that access to the Internet and the digital economy would be crucial to realizing the full promise of 1994.

One person who did was the father of South African democracy, Nelson Mandela. In a 1995 landmark speech at the International Telecommunication Union (ITU), the freedom fighter and statesman highlighted the impact the internet would have on society and the global economy. In his speech, he rightly predicted that “the ability to communicate will almost certainly be a basic human right.”

“Eliminating the distinction between information-rich and information-poor countries is also key to eliminating economic and other inequalities and improving the quality of life for all humanity,” he added.

You only have to look at how dependent many of us have become on strong home connections over the past two years to work, learn and run businesses to realize how relevant this message was. And as South Africa seeks to advance its Fourth Industrial Revolution (4IR) goals and dramatically reduce unemployment, it will become increasingly important that as many people as possible have access to the digital economy.

Those of us who have the ability to connect to the Internet and the skills to make the most of that connectivity have freedoms that would have been unimaginable a generation or two ago. Indeed, it is becoming increasingly clear that access to the digital economy is crucial to truly achieving the freedom that South Africa committed to in 1994.

Combining connectivity and skills

With the most advanced economy in Africa, South Africa has made significant progress in internet connectivity. The internet penetration rate in the country is currently 68.2% of the total population. That’s up about 64% the year before. As the country seeks to move towards universal accessibility, it will be crucial that all players involved – including telecom operators and infrastructure providers – pull in the same direction.

But connectivity is only part of the equation when it comes to being able to freely access the digital economy. It is also crucial to ensure that Internet users have the necessary skills and digital culture. After all, being allowed to enter a football stadium to watch a game is very different from understanding the game and having the skills to play on an equal footing with everyone else on the pitch.

Here too, South Africa has made significant progress and continues to do so. The latest phase of the government’s jobs recovery program, for example, is Ffocus is on digital skills training for young unemployed people.

Kian Chen

Kian Chen, Huawei SA, Deputy CEO

At Huawei, we recognize the importance of digital tools for freedom and have rolled out a number of initiatives to support both digital skills and literacy. Our Tech4All initiative, for example, aims to bridge the digital divide by addressing several major barriers. The first is cost, which we aim to address by making digital technologies affordable to developing regions with scalable, low-cost products and solutions.

We’ve also worked hard to build digital ecosystems and help developers build apps for different communities and industries. Additionally, we work with local governments, communities, organizations and other partners to improve society’s digital skills. We are particularly focusing on four high-impact areas in this regard, namely: education, health, environment and development. Our work in the environmental sector has seen us earn a reward for Mobile Innovation in Climate Action at the just-concluded Mobile World Congress.

We’ve also worked hard to ensure South African graduates are equipped with the technology skills they need to thrive in the workplace of the future. Since 2016, for example, our Seeds for the Future programme, run in partnership with the Department of Communications and Digital Technologies, has helped expose South African university students to new technologies. We also provided hundreds of students with scholarships to pursue studies in ICT-related subjects and ran a number of student and educator skills development programs through our local ICT Academy.

Building access where it matters

Living and working online is increasingly recognized as a human right. It makes sense, it is increasingly crucial to achieving the freedoms that South Africans fought for before 1994 and continue to fight for today. For these freedoms to be more than mere ideals, everyone must be able to access and participate in the digital economy. This cannot be achieved through connectivity alone. If we are to build a truly inclusive and rights-based digital economy, we all need to play our part when it comes to building skills and literacy.

This post and content is sponsored, written and provided by Huawei.

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First Trust Launches Smart Grid Infrastructure ETF | ETF strategy https://nocensor.org/first-trust-launches-smart-grid-infrastructure-etf-etf-strategy/ Mon, 25 Apr 2022 14:41:52 +0000 https://nocensor.org/first-trust-launches-smart-grid-infrastructure-etf-etf-strategy/ ETF STRATEGY NEWS! ETF Strategy is pleased to announce the launch of ETF Strategy Center (hub.etfstrategy.com), an on-demand repository of webcasts, videos, podcasts and white papers. Debut with a special series on technology and innovation in China and the digital economy. First trust launched a new thematic equity ETF in Europe offering exposure to the […]]]>

ETF STRATEGY NEWS! ETF Strategy is pleased to announce the launch of ETF Strategy Center (hub.etfstrategy.com), an on-demand repository of webcasts, videos, podcasts and white papers. Debut with a special series on technology and innovation in China and the digital economy.


First trust launched a new thematic equity ETF in Europe offering exposure to the global smart grid infrastructure sector.

Smart grids enable efficient energy management through load balancing, fault recovery and better distribution monitoring.

the First Trust Nasdaq Clean Edge Smart Grid Infrastructure UCITS ETF was listed on London Stock Exchange in US dollars (GRDU-LN) and the British pound (FGRD LN) as well as on top Deutsche Borse Xetra in euros (GRID GY).

Smart grids are innovative power grids that combine real-time data collection and analysis with digital communications technology to enable more efficient energy management.

The benefits of smart grids include reduced infrastructure costs, reduced carbon emissions, the ability to respond quickly to outages, self-healing capabilities, more uniform power distribution, and improved storage and renewable energy management.

However, one of the main challenges of smart grids is security, as networks are vulnerable to cyberattacks. Hackers have infiltrated the US grid several times before, while a cyberattack on Ukraine’s power grid in 2015 led to an outage that affected hundreds of thousands of people for hours.

Methodology

The fund is linked to NASDAQ OMX Clean Edge Smart Grid Infrastructure Index which also underpins the US-listed company First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID US). GRID launched on Nasdaq in 2009 and currently houses $700 million in assets.

The index selects its constituents from a universe of developed market stocks with market capitalizations greater than $100 million and average daily trading volumes greater than $500,000.

The methodology selects companies with business activities related to power grids, electrical meters and appliances, energy storage and management systems, and smart grid software. Eligible companies are identified by Clean Edge, a US developer of thematic equity indices dedicated to the clean energy economy.

The components are weighted by float-adjusted market capitalization while setting the combined weight of pure-play companies (those that derive more than 50% of their revenue from smart grid activities) at 80% and the combined weight of companies “diversified” (those with significant exposure but less than 50% of smart grid revenue) at 20%.

In an effort to improve diversification, the index also caps the weighting of each of the five largest pure-play companies at 8%, the weighting of any other pure-play company at 4% and the weighting of any diversified company at 2%. .

The index is rebalanced quarterly and replenished semi-annually.

As of April 21, stocks listed in the United States and Ireland each accounted for a quarter of the index weighting, with the next country exposures being Italy (8.7%), France (8.6%), Switzerland (8.5%) and the countries of the South. Korea (4.5%).

Notable positions included Schneider Electric (8.1%), Johnson Controls International (8.0%), ABB (7.8%), Eaton (7.7%), Aptiv (6.7%) and Quanta Services ( 4.6%).

The ETF comes with an expense ratio of 0.70%.

Rupert Haddon, Managing Director of First Trust: “We are delighted to bring this longstanding US strategy to our European clients. With the energy revolution accelerating, a smarter grid is extremely relevant to today’s digital energy ecosystem. Growing demand for electricity along with outdated and inefficient infrastructure means that today’s electricity grid is unable to keep pace with 21st century technology. For our clients, this represents a less volatile way to gain exposure to the clean energy segment while potentially directly benefiting from future government infrastructure investments.

Ron Pernick, Managing Director of Clean Edge: “As clean energy technologies such as solar, wind and electric vehicles capture media and public attention, it is the grid that is the great catalyst for the transition energy. From next-generation transmission lines and two-way networks to distributed and utility-scale energy storage, a modernized grid is needed to meet the needs of an ever-clean, digital and resilient energy economy.

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