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SINGAPORE – Media OutReach Newswire – 7 January 2026 – KPMG in Singapore and the Singapore Institute of Directors (SID) are pleased to announce the release of a joint Budget 2026 Proposal, titled “Prospering in a New Global Landscape”.
By fostering resilient economic linkages, embedding digital trust, and cultivating world-class talent and leadership with cross-domain expertise, Singapore can ensure its businesses and economy remain secure, innovative, and competitive in an uncertain global landscape.
This Proposal outlines strategies to position Singapore as a critical hub for global flows, covering three crucial areas:
The recommendations in the proposal are also supported by data-driven insights from a survey recently conducted by KPMG and SID. More than 1,000 professionals, managers, executives and technicians (PMETs) and business owners were surveyed on the challenges they face and the kinds of Budget 2026 support they hoped to see. [For more information, please refer to the deck with the full survey results: https://kpmg.com/sg/en/campaigns/kpmg-singapore-budget.html ]
Empowering businesses to leverage Singapore’s trusted role as a global connector
Global commerce is rapidly transforming amid rising protectionism, shifting trade rules, evolving tax regimes, and geopolitical tensions. Singapore’s long-term prosperity in the new global order depends on its ability to lead as a trusted connector and aggregator of the flows of goods, capital, data, and talent.
Singapore must strengthen its economic linkages, build secure and interoperable digital platforms, cultivate a workforce equipped with cross-domain expertise, and equip boards with essential skills to navigate emerging risks and opportunities. Trusted and resilient economic linkages will ensure the seamless movement of goods, services, and investments, while interoperable digital platforms will play a critical facilitation role in enabling cross-verification of information, streamlining compliance, and fostering trust across borders. These efforts are especially important in helping businesses cope with shifting regulations. KPMG and SID’s survey found that 51 percent of respondents identified increased business costs as the main challenge to cross-border expansion, followed by higher tariffs (26 percent) and supply chain difficulties (25 percent). To address these challenges, 43 percent of respondents want stronger economic and trade partnerships to overcome trade barriers.
KPMG and SID recommend:
a) Developing a unified digital platform for Free Trade Agreement (FTA) management (page 7) to help businesses navigate complex procedures and unlock the full benefits of FTAs. This would be seamlessly integrated with government systems, making it more seamless and cost-effective for businesses to comply with FTA requirements. This would enable firms to leverage Singapore’s extensive FTA network to gain footholds in new markets, further enhancing Singapore’s regional and global competitiveness.
b) Increasing access to working capital to accelerate local enterprises’ strategic transformation and implementing industry-specific governance frameworks (page 7). With geopolitical shifts driving a more complex regulatory landscape, increased and dedicated funding would enable businesses to transform for the future while responding effectively to evolving governance standards. Such funding should be complemented by industry-specific governance playbooks to equip boards with essential tools to strengthen agility and resilience.
c) Enhancing Singapore’s government-backed trade platform with blockchain and AI (page 6). The global economy has seen an increase in supply chain disruptions amid geopolitical and trade uncertainties. An enhanced Government-backed trade platform would enable Singapore to further facilitate the flow of trusted payments, making it even easier for businesses to validate transactions and act on smart recommendations to elevate supply chain efficiency. Amid a more fragmented world, the enhanced platform would also reinforce Singapore’s position as a reliable hub for global commerce, by promoting increased supply chain transparency for critical industries like semiconductors, pharmaceuticals, and advanced manufacturing.
d) Introducing progressive carbon taxes to reward decarbonisation and establish performance-based pathways for large emitters (page 9). Singapore’s carbon taxes must evolve to consider unique business needs and companies’ decarbonisation plans. Progressive carbon tax rates post-2030 – based on facility emissions volume, emissions per unit of output, and sectoral abatement potential – could be accompanied by permanent conditional tax rebates for energy-intensive, trade-exposed sectors. These rebates could be based on set criteria such as verified year-on-year reductions in carbon intensity and investments in low-carbon technology. To strengthen these efforts, Singapore could also establish an ASEAN Environmental Data Exchange to facilitate the sharing of standardised and interoperable environmental data between Singapore and its regional trade partners (page 8). The exchange would improve the flows of green trade and green capital, enabling Singapore to be a regional hub for environmental data harmonisation. Organisations like the Singapore Institute of Directors could play a catalytic role by building board-level capability, aligning disclosure expectations and promoting best practices through director education, guidance frameworks and peer learning on a regional scale, helping boards to lead initiatives like progressive carbon taxation.
Fostering an ecosystem of Trusted AI in the Agentic Era
The rise of artificial intelligence (AI) is reshaping global competitiveness, with agentic AI—capable of autonomous decision-making—introducing both transformative opportunities and significant challenges. While agentic AI can drive innovation, optimise operations, and unlock new efficiencies, it also raises critical concerns around accountability, ethical deployment, and governance.
A critical enabler of AI’s potential is data sharing, yet this often proves difficult due to competition, concerns over intellectual property, and a lack of trust between organisations. Businesses—particularly smaller enterprises—also face cost constraints in accessing high-quality data, and many also lack the strategic clarity and workforce competencies to identify where AI can augment their operations.
KPMG and SID’s poll found that 54 percent of respondents cited talent and skills gaps as the top challenge for adopting AI, followed by high costs of technology adoption (52 percent) and a lack of clear AI adoption strategies (48 percent). By addressing these concerns, Singapore will be able to fully leverage the vast potential of AI and data to reinforce its status as a hub across various sectors.
KPMG and SID recommend:
a) Co-funding sector-specific shared data pools in partnership with trade associations and industry stakeholders (page 15). These shared, anonymised data pools would enable businesses to access high-quality datasets without incurring prohibitive costs. Tailored to specific sectors such as logistics and retail, these pools would facilitate benchmarking, model training, and experimentation under a trusted framework that safeguards data privacy and protects intellectual property. Shared data initiatives should be paired with guided AI adoption support to help businesses understand how AI can enhance specific parts of their value chain. For example, targeted support could help logistics firms optimise supply chains or assist retailers in leveraging AI to personalise customer experiences. This dual approach would enable broader AI adoption and accelerate innovation across industries.
b) Enhancing the public-private partnership (PPP) framework to accelerate AI adoption (page 15). As firms navigate high costs and limited guidance around AI adoption, there is an opportunity for the Government to provide greater access to infrastructure to lower barriers for AI experimentation and deployment. The enhanced framework would create positive spillover effects from existing AI initiatives, as government agencies, academia and industry stakeholders collaborate to strategically integrate AI solutions into business strategies. The framework could also promote cross-sector collaboration in key industries, fostering a culture of open innovation in AI. To bolster digital trust, Singapore could also establish a regional “Trusted AI” mark to drive harmonisation and innovation (page 12). Although Singapore’s Model AI Governance Framework provides a strong foundation for responsible AI deployment, there is still a largely untapped opportunity for Singapore to champion an assurance label that shows firms have AI controls aligned with recognised AI governance standards. By pushing regional recognition of this mark, Singapore could accelerate cross-border innovation and trade. The mark would build on initiatives like AI Verify and Project Moonshot, which have helped to promote Trusted AI in Singapore.
c) Supporting hands-on AI governance training for board members and executives (page 13) through a dedicated fund. This would complement existing SkillsFuture programmes which focus primarily on AI awareness, by expanding the emphasis to address strategic and operational gaps at the leadership level – covering ethical deployment, change management and cross-domain applications.
Building globally relevant leaders with cross-domain skills
To fulfil its role as a hub for global flows, Singapore must enable its businesses to navigate a complex web of governance requirements, trade rules, tax policies, and tariffs. While compliance with governance standards will bring higher upfront costs, it also provides a foundation for businesses to lead in innovation and competitiveness. For instance, businesses that embrace sustainability compliance can innovate in areas like green finance, carbon accounting, and environmental data exchange.
Yet, none of this is possible without specialised talent and leadership. Singapore needs professionals and board leaders with expertise in areas such as supply chain management, AI governance, and sustainability strategy. These individuals must be able to connect the dots across domains, such as linking data governance with trade compliance or integrating sustainability goals into business operations. The need for enhanced talent development also emerged from KPMG and SID’s survey findings. Forty-nine percent of respondents want more skills development and upskilling courses. Meanwhile, 42 percent hope for more support for workforce transformation and job redesign, such as higher grants. In addition, 37 percent of respondents want more leadership and management development initiatives, especially in the areas of mentorship and coaching for emerging leaders and advanced leadership programmes.
KPMG and SID recommend:
a) Creating a dedicated work-pass category for “master trainers” and mentors (page 18). The work-pass would encourage international professionals to join local companies, public agencies and training institutions to lead structured upskilling or leadership development programmes. This would accelerate skills transfer, expose workers to global best practices, and build a robust pipeline of talent capable of driving strategic transformation and competitiveness in a rapidly evolving global landscape. Structured leadership development programmes could also include peer-sharing platforms (page 21) aimed at promoting transformation training among C-suite leaders. Backed by the public sector and industry stakeholders, such platforms could foster the exchange of best practices, promote collective learning on key sustainability capabilities and empower leaders to proactively redesign roles and workflows ahead of market shifts.
b) Setting up job transformation roadmaps with co-funded training and certification initiatives (page 19) tied closely to sector-specific needs. As rapid technological developments shape industry demand for skills, job transformation roadmaps would be beneficial in outlining sector-specific disruptions, challenges and opportunities. These roadmaps could be accompanied by industry-recognised certification, and programmes backed by both the public and private sectors. Tailored to sectoral needs, certifications could help to assess whether workers have acquired the necessary skills to perform in transformed roles, especially in fast-evolving sectors where traditional qualifications may no longer suffice.
c) Establishing a $100 million fund to advance social impact reporting (page 9). As Singapore pursues long-term resilience, it must also ensure that economic growth is sustainable and inclusive. The fund could be used to train professionals and board directors in the reporting of social metrics, support academic modules in social sustainability and certify social auditors and advisers. It could also be complemented by broader efforts to enhance environmental, social and governance (ESG) competencies among businesses’ top leadership. Singapore could establish a national registry of certified sustainability committee members (page 20) who can be matched to boards and committees across sectors. This would help to expand access to qualified board resources, especially for local enterprises.
Lee Sze Yeng, Managing Partner, KPMG in Singapore, said:
“Leadership today isn’t just about mastering AI or acquiring specialised skills—it’s about navigating the intersections of cross-border trade, technology, and sustainability. To remain competitive, leaders must move beyond the basics, using AI and data to drive real business outcomes while building governance frameworks that inspire trust. At the same time, they need the courage to take calculated risks and collaborate across ecosystems to unlock new opportunities. Initiatives like co-funding sector-specific shared data pools and guided AI adoption support are critical to overcoming barriers and equipping leaders with the tools to thrive. As disruptions grow increasingly cross-border and cross-domain, Singapore’s ability to cultivate leaders who can turn complexity into opportunity will define its success as a global flows hub.”
Ajay Kumar Sanganeria, Partner, Head of Tax, KPMG in Singapore, said:
“Singapore’s position as a global hub—connecting trade, data, and capital—offers businesses significant opportunities to grow and compete globally. Grants and platforms are vital enablers, but they must be part of a broader solution that simplifies complexities and empowers businesses to focus on innovation.
Future-ready approaches, such as managing governance and compliance in a more consolidated or ‘as-a-service’ mode, can reduce burdens on enterprises. A unified digital platform for Free Trade Agreement (FTA) management, enhanced with blockchain and AI, could streamline compliance and unlock the full benefits of Singapore’s FTA network. Co-funded training programmes and shared governance frameworks can further help businesses pool resources and build capabilities. By combining grants, platforms, and smarter ways of working, Singapore strengthens its role as a trusted global connector and equips businesses to lead with confidence in an evolving world.”
Yeoh Oon Jin, Chair, Singapore Institute of Directors, said:
“Singapore’s future as a global hub for connectivity and commerce will be shaped by how boards of directors evolve to lead with resilience and trust. Budget 2026 is an opportunity to strengthen governance frameworks that embed sustainability, cyber trust and accountability into every organisation’s agenda. By empowering directors to champion innovation, sustainability and digital assurance, organisations can grow with confidence while reinforcing Singapore’s position as a secure and trusted connector for goods, capital, data and talent in an increasingly complex global landscape.”
Hashtag: #KPMG #SID
The issuer is solely responsible for the content of this announcement.
KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
The Singapore Institute of Directors (SID) is Singapore’s national association for company directors. Established in 1998, our mission is to transform boards and empower board directors to be champions of good governance. SID works with regulators and partners to serve as the voice for directors and facilitates consultations and feedback sessions on regulatory matters. In advocating for good governance, SID advances thought leadership and benchmarking research and indices on corporate governance and directorship issues.
SID builds competencies and capabilities to enhance boardroom skills of directors for informed decision-making. An accreditation programme serves to set standards for and showcase best practices of good governance. The organisation supports members on their directorship journey with courses, workshops, advanced masterclasses, forum discussions and pit-stops. SID connects and strengthens the ecosystem with initiatives such as mentoring and networking. The Governance for Good Alliance is an initiative by SID to bring together key stakeholders who help advance our vision for every board director to be a champion of good governance.
For more information, visit sid.org.sg
RAKBANK has secured in-principle approval from the Central Bank of the UAE to issue an AED-backed payment token, marking one of the clearest signals yet that regulated stablecoins are moving from concept to execution within the federation’s banking system. The Ras Al Khaimah-based lender said the approval allows it to proceed with development and testing of a dirham-denominated digital token designed for payments and settlement, subject to […]
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![World Bank forecasts robust growth for UAE and Saudi Arabia in 2025[1]](https://thearabianpost.com/wp-content/uploads/2024/11/World-Bank-forecasts-robust-growth-for-UAE-and-Saudi-Arabia-in-20251-151x118.jpg)
Arabian Post Staff -Dubai Saudi Arabia will allow all foreign investors to participate directly in its financial markets from February 1, marking a significant liberalisation as the kingdom intensifies efforts to draw sustained overseas capital and deepen market liquidity. The policy shift removes longstanding eligibility thresholds that limited access to a narrower group of institutions, signalling a more open framework aligned with global investment practices. The […]
HONG KONG SAR – Media OutReach Newswire – 7 January 2026 – Asia’s young adults are taking a structured approach to managing their finances, according to a new study published by Prudential plc (“Prudential”), the leading Asia and Africa insurer. The research, titled “Financial Mindset of Young Adults in Asia”, finds that more than seven in 10 respondents (71 per cent) choose clear planning over spontaneity, maintaining consistent insurance and investment habits. This pragmatism is coupled with optimism: nearly 70 per cent believe their personal finances will improve in the next five to 10 years.
The study surveyed over 5,300 young adults aged 20-35 across seven Asian markets, including Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, and Thailand, aiming to take a pulse on this dynamic generation’s insurance and investment experiences, preferences, and attitudes.
A Generation of Financial Pragmatists
The majority of Asia’s young adults believe living in uncertainty is now the norm (63 per cent), citing financial security as their top life concern (77 per cent), surpassing family responsibilities (53 per cent), health (52 per cent), career and education (42 per cent). Close to 60 per cent report focusing more on the future over enjoying the present moment.
Amidst this prevailing sense of unpredictability, young Asians maintain a positive personal financial outlook. Sixty-four per cent express confidence that they will have enough money to fund retirement.
In terms of financial management, more than half of young adults (53 per cent) seek a balance of smart investment strategies with freedom to enjoy life. Flexibility remains a defining preference, with 62 per cent of respondents favouring financial solutions that evolve alongside their lives and aspirations, rather than adhering rigidly to one style of saving or investing.
A measured risk profile with a long-term perspective also defines how young adults in Asia approach investment. They are balanced between high-risk investments for higher returns (42 per cent) and safe, low-risk options such as fixed deposits to safeguard savings (40 per cent). Nearly 60 per cent prefer investment instruments designed to be held for an extended period, reflecting an orientation toward sustainable financial growth.
Priscilla Ng, Chief Customer and Wealth Officer at Prudential plc, said: “Prudential is committed to empowering people across all life stages, including young adults, to shape their future, protecting possibilities and nurturing every promise. Today, Asia’s median age is just 32.5 years1, highlighting a vibrant and youthful population. This generation is redefining how financial management and security is approached, with unique priorities and expectations. Understanding their perspectives helps us tailor solutions that are simple, accessible, and relevant to their needs.”
Digital Ease, Human Expertise
The survey further reveals that young adults in Asia are navigating their insurance and investment journey through a blend of digital convenience and human support. With the prevalence of digital tools, 61 per cent of respondents feel confident researching and selecting products on their own, and 54 per cent are confident managing their portfolio independently.
Yet, human touchpoints remain highly valued: 64 per cent prefer consulting financial advisers for life or health insurance decisions and ongoing support, especially when handling complexities in coverage details (70 per cent) and the claims process (68 per cent). At the same time, digital platforms are favoured for real-time financial management, reflecting a growing demand for hybrid insurance and investment experiences that integrate technology and personal guidance – an approach that strongly resonates with today’s pragmatic young adults.
Millennials and Gen Z are expected to make up about half of Asia-Pacific’s consumers by 20302. For insurers, this means reimagining engagement with this segment through simple, accessible products and innovative, empathetic experiences that blend data, technology, and human understanding, said Ms. Ng.
Explore the detailed findings in the full report.
1 United Nations’ World Population Prospects 2024
2 Eastspring Investment: Asia’s consumer-fuelled growth, September 2025Hashtag: #Prudential
The issuer is solely responsible for the content of this announcement.
Financial Mindset of Young Adults in Asia is a Prudential commissioned report, delving into the insurance and investment experiences, preferences and attitudes of 5,348 people aged 20-35 in seven Asian markets. through online quantitative survey. The survey was conducted in July-August 2025.
Prudential provides life and health insurance and asset management in Greater China, ASEAN, India and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (HKEX: 2378) and the London Stock Exchange (LSE: PRU). It also has a secondary listing on the Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock Exchange (NYSE: PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.
Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
Changhong is accelerating the integration of AI across its home‑appliance lineup. Its panda-themed AI series merges this widely welcomed Chinese cultural symbol with AI capabilities, utilising anthropomorphic interaction, environmental sensing, and adaptive control to recreate a naturally intuitive and comforting user experience. The AI TV features the intelligent “Panda Xiaobai,” offering round-the-clock interaction. Complementing it, the AI refrigerator introduces cloud-based humidity control to maintain ingredients in an optimized freshness chamber, while the AI air conditioner delivers a gentle adaptive cooling experience reminiscent of a natural breeze. Completing the ecosystem, the AI washing machine employs triple-power cleaning for efficient fabric care. Blending everyday technology with humanistic warmth, Changhong aims to create smart home experiences that feel more intuitive and emotionally engaging.
Moreover, Changhong also unveiled several breakthroughs: The 100-inch RGB MiniLED TV, boasts an ultra-slim profile, an anti-glare display, and immersive audiovisual performance, complemented by industry-leading large-scale AI models like DeepSeek for enhanced voice interaction. The AI Air Manager 360° air conditioner extends beyond temperature control to incorporate air‑quality management, learning user habits to optimize comfort and energy efficiency. The full‑space preservation refrigerator applies AI freshness algorithms and dual‑system temperature control to eliminate odor mixing and temperature fluctuations. The AI washer‑dryer set intelligently identifies fabric types and automatically adjusts washing programs.
Changhong presents a holistic smart home ecosystem designed around user experience, further enhancing its visibility and presence in the international smart home landscape. Driven by its global “Technology + Sports” branding strategy, the brand has established an overseas network encompassing R&D, manufacturing, products, and services. Through intelligent sensing, natural interaction, and multi-scenario coordination, its AI appliances deliver a more efficient, convenient, and comfortable home experience, reflecting the Company’s forward-looking vision for smart living.
Through its fusion of AI innovation and vivid design, Changhong is shaping a distinct global brand presence, delivering smart home solutions that resonate both emotionally and technologically with users worldwide.
Hashtag: #Changhong
The issuer is solely responsible for the content of this announcement.
By Nitya Chakraborty India’s isolation from Global South on the issue of Trump’s invasion of Venezuela is now complete. Prime Minister Narendra Modi claims himself as the leader of Global South. Both at the SCO summit and BRICS meeting last year, Modi was active in articulating the aspirations and the programmes of the developing and […]
The article Narendra Modi Has Lost His Moral Right To Lead 2026 BRICS Presidency appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Britain’s new car market crossed the two-million mark in 2025 for the first time since the pandemic, signalling a broad-based recovery powered by electric vehicle uptake and steady fleet demand, according to industry data compiled across manufacturers and dealers. Registrations reached about 2.02 million units, lifting volumes above levels seen during the disrupted years of supply shortages and subdued consumer confidence. Britain’s auto market clears two million […]
Dubai’s offshore sailing calendar moves into gear this weekend as Dubai International Marine Club stages the third leg of the Dubai 43-foot Sailing Race, marking the first competitive fixture of the club’s 2026 season and signalling an early test of crews ahead of a packed winter programme. The race, hosted at Dubai Marine, is expected to draw a broad cross-section of established teams and newer entrants, underlining […]
Arabian Post Staff -Dubai Abu Dhabi has announced the inaugural winners of the Abu Dhabi International Competition for Composition, marking a significant step in the emirate’s ambition to position itself as a global centre for contemporary music creation and cultural exchange. The competition, held under the patronage of Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Founding Honorary Patron […]
HONG KONG SAR – Media OutReach Newswire – 6 January 2026 – The FutureGen Girls Foundation (“the Foundation“) and Microsoft Hong Kong have signed a Memorandum of Understanding (MOU) to launch a two-year strategic collaboration aimed at expanding access to artificial intelligence (AI) and STEM education for teen girls and young women aged 12-19 across Hong Kong. The collaboration will focus on developing future-ready skills, mentoring networks, and pathways that help teen girls and young women imagine and pursue diverse career opportunities in a rapidly evolving world of work and further expand outreach to all.
Starting in year 2026, Microsoft Hong Kong will support the Foundation to support the development of new learning experiences that integrate AI education, hands-on digital skills training, and real-world career exposure opportunities. Through workshops, mentorship, recognized learning programs, and outreach initiatives, the collaboration seeks to broaden participation in emerging fields and level the playing field from teen girls and young women to all students.
This initiative aligns with the Foundation’s mission to empower teen girls and young women, helping them bridge youth to careers with confidence, purpose, and access to diverse industry pathways. Key highlights of the collaboration include:
“For many secondary school students, future development pathway can feel distant or unclear simply because they may not yet have the access or exposure to see what is possible,” said Jennifer Yu Cheng, Founder of the Foundation. “Our aim is to make that exploration easier – to open doors across more than 20 industries.”
“By expanding access to future ready learning and real world career experiences, we are helping to build a strong and diverse talent pipeline ready to step into the opportunities of tomorrow. This is the foundation of our collaboration with Microsoft Hong Kong.”
“Through this collaboration, we hope to empower students to unlock the courage to try, to explore different fields, and to image big futures for themselves,” said Secy Cheung, Foundation Founding Board Director. “The most meaningful change happens when young people realize that their voice and vision matter.”
Leo Liu, General Manager of Microsoft Hong Kong shared, “At Microsoft, we are deeply committed to empowering the next generation by democratizing access to AI and future-ready skills. Through trusted, secure platforms and hands-on learning experiences, we strive to make advanced technology accessible to all, fostering creativity, critical thinking, and lifelong learning. Together with the FutureGen Girls Foundation, we look forward to supporting Hong Kong’s youth to become frontier talent in the digital era.”
The foundation and Microsoft Hong Kong are committed to exploring further opportunities in future.
Hashtag: #FutureGenGirlsFoundation
The issuer is solely responsible for the content of this announcement.
The FutureGen Girls Foundation (“the Foundation”) is a registered charitable organization dedicated to empowering teen girls and young women, bridging youth to careers. By collaborating with schools, industry partners, and community organizations, the Foundation creates pathways that support skill-building, career exploration, and youth leadership development across Hong Kong.
Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.
Dubai World Trade Centre has confirmed plans to host 71 events during the first half of 2026, underscoring the emirate’s position as a regional hub for global exhibitions, conferences and large-scale trade gatherings. The schedule reflects a familiar rhythm for the venue, with activity slowing during Ramadan before resuming after Eid. According to the centre, the post-Eid calendar will open with the Dubai International Pharmaceutical and Technologies […]
AQT Arithmos Quantum Technologies Ltd has announced the launch of a live, real-world quantum hybrid test at the Dubai International Financial Centre, signalling a critical step in the commercialisation of advanced quantum computing methods. The Dubai Financial Services Authority has clarified that AQT’s planned activities do not require additional authorisation because they fall outside regulated financial services, allowing the firm to proceed under its existing licence at […]
United Arab Emirates will assume the presidency of the Middle East and North Africa Financial Action Task Force in 2026, placing the country at the centre of regional efforts to strengthen safeguards against money laundering, terrorist financing and the proliferation of illicit funds. The appointment comes at a time when the bloc is seeking tighter coordination among member states as cross-border financial flows grow in scale and complexity.
MENAFATF brings together 21 jurisdictions across the Middle East, North Africa and neighbouring regions, representing a combined gross domestic product estimated at more than $3 trillion. The organisation functions as the regional body aligned with the global Financial Action Task Force standards, conducting peer reviews, issuing guidance and supporting members as they implement international rules designed to protect financial systems from abuse.
The decision for the UAE to lead the organisation follows its expanding role in financial regulation and enforcement across the region. Federal authorities have invested heavily in strengthening supervision of banks, exchange houses, designated non-financial businesses and professions, while also expanding cooperation with international counterparts. Officials involved in the process describe the presidency as recognition of the country’s progress in aligning domestic frameworks with global benchmarks and its capacity to convene consensus among diverse economies.
During its term, the UAE is expected to steer MENAFATF’s strategic agenda, including the scheduling of mutual evaluations, thematic studies and capacity-building programmes. These initiatives are central to helping member states address gaps identified in national risk assessments and respond to emerging typologies such as the misuse of virtual assets, trade-based money laundering and complex ownership structures.
Regulatory specialists say the presidency carries influence beyond administrative oversight. The chair country plays a pivotal role in shaping discussions on policy priorities, coordinating technical assistance and representing the region in dialogue with global standard-setters. This places added scrutiny on how effectively the bloc can balance the varied economic structures and legal systems of its members while maintaining consistent application of standards.
The UAE has signalled that cooperation and practical implementation will be key themes of its tenure. Policymakers have spoken about deepening information-sharing among financial intelligence units, enhancing public-private partnerships and supporting jurisdictions that face capacity constraints. Such measures are viewed as essential for raising overall compliance levels and reducing vulnerabilities that can be exploited across borders.
MENAFATF members span hydrocarbon-rich Gulf economies, large consumer markets in North Africa and smaller states with developing financial sectors. This diversity has historically posed challenges in achieving uniform progress. Analysts note that leadership will need to balance ambition with pragmatism, ensuring that reforms are realistic and tailored to local contexts while still meeting international expectations.
The presidency also coincides with broader shifts in the region’s financial landscape. Digital payments, fintech platforms and virtual assets have expanded rapidly, creating new opportunities for inclusion but also new risks. Addressing these developments requires updating supervisory tools, training regulators and fostering dialogue with technology providers. Observers expect the UAE to push for clearer regional guidance in these areas, building on its own experience in regulating emerging financial services.
Another area likely to feature prominently is the effectiveness of enforcement. While many jurisdictions have strengthened legal frameworks, translating laws into successful investigations and prosecutions remains uneven. MENAFATF’s peer review process increasingly emphasises outcomes, not just technical compliance. Under UAE leadership, the organisation is expected to encourage members to demonstrate tangible results in asset recovery, sanctions and international cooperation.
Diplomats familiar with the process say the appointment also reflects confidence in the UAE’s ability to engage constructively with both regional partners and global institutions. The country has positioned itself as a bridge between markets, hosting multinational financial institutions and acting as a hub for trade and investment. That role brings responsibilities, particularly in ensuring that financial openness is matched by robust controls.
TAIPEI, TAIWAN – Media OutReach Newswire – 5 January 2026 – The TVBS Foundation’s “Infinite Love” charity campaign raised over NT$32 million (around US$1.02 million) in 2025, reaching 15 counties and cities across Taiwan in its sixth consecutive year. The initiative integrates fundraising, emergency assistance, city prayer breakfasts, charity dinners, Christmas celebrations, sports philanthropy, and special television programs. The foundation connects government agencies, churches, civil organizations, and corporate partners to channel resources toward disadvantaged communities, education, and post-disaster reconstruction.
The fifth annual “Share Infinite Love” (分享愛無限) campaign raised NT$5,535,590 (around US$176,856), with donations distributed to 12 social welfare organizations across Taiwan. Recipients include Libertas Educational Foundation and Blessed Children Education Association of Taiwan, which provide ongoing support for disadvantaged education and family care programs. The foundation emphasizes that “Infinite Love” serves as a long-term platform for action, striving to make goodwill visible and reach those who truly need assistance.
In response to the Mataian River Barrier Lake disaster in Hualien, a county on Taiwan’s eastern coast, the TVBS Foundation launched a special fundraising project that collected NT$26,902,435 (around US$859,503). The foundation established the “Guangfu Township Home Recovery Network” with local organizations, distributing NT$5,000 (around US$160) in settlement assistance to each affected household. Recipients expressed gratitude, saying, “TVBS Foundation’s care has helped us feel less alone during post-disaster reconstruction, knowing that people are walking alongside us.”
Connecting Local Governments and Churches: City Prayer Breakfasts and Charity Dinners Across Taiwan
The “City Prayer Breakfasts and Charity Dinners” serve as a key annual platform, held across 15 counties and cities in partnership with the Christian Cultural Exchange Association and local churches. In Taipei, Mayor Chiang Wan-An participated under the theme “Love in Taipei, Moving Forward Together.” New Taipei City Mayor Hou You-yi attended for the fourth consecutive year, incorporating anti-fraud awareness campaigns with police collaboration. Taichung hosted its fifth consecutive event, connecting over 50 local churches and providing long-term care to more than 45,000 disadvantaged households, with resources exceeding NT$210 million (around US$6.71 million).
Events also took place in Miaoli, Nantou, Yunlin, Taoyuan, Tainan, Kaohsiung, Chiayi, Changhua, Penghu, and Kinmen, each developing unique city-focused charitable initiatives. Hualien held a “Guangfu Township Special Session,” combining year-end care with post-disaster reconstruction efforts following the Mataian River Barrier Lake disaster. Teams went directly into communities to support recovery, distributing settlement assistance and ensuring that charitable efforts extend beyond formal events.
Taipei Christmas Infinite Love Attracts 240,000 Visitors, Creating a Shared Urban Festive Atmosphere
The “2025 Taipei Christmas Infinite Love”event at Daan Forest Park attracted approximately 240,000 visitors over three days, featuring a Christmas Music Concert and “International Christmas Culture Carnival.” Artists including Kelly Tsai (蔡家蓁), Black Storm (黑旋風) and David Lin (林道遠) ),and others, performed in rotation. Over 100 market booths and six major light installations created an immersive festive atmosphere, extending the foundation’s charitable reach into urban public spaces.
The TVBS Foundation partnered with the New Taipei Kings, a professional basketball team in Taiwan’s T1 League, for the “Infinite Love Charity Program,” extending charitable care through sports initiatives. Through basketball camps and community outreach programs, children from disadvantaged families across Taiwan received invitations to attend home games throughout the season. The program utilizes sports to convey positive energy and broaden the foundation’s reach to additional communities, illustrating how athletic partnerships can amplify charitable impact.
Christmas Eve Special Program Achieves High Ratings, Spreading Warmth on Christmas Eve
On Christmas Eve, Wednesday (Dec. 24), the TVBS Foundation aired its annual Christmas Eve Special Program featuring over 50 artists, reaching families across Taiwan through television screens. Through music, storytelling, and special segments, the program created a heartwarming celebration that extended the foundation’s spirit of accompaniment to viewers at the end of the year. The broadcast demonstrated the foundation’s commitment to utilizing media platforms to extend its charitable reach beyond in-person events.
In the special episode hosted by Kuo Tze Cheng (郭子乾) and Action Tang (唐從聖), representatives from different political parties set aside their differences to perform “Silent Night” together. The segment conveyed reconciliation and blessings through humor and music, becoming a ratings highlight that reached a peak. The cross-party performance demonstrated how charitable events can foster unity and goodwill across Taiwan’s political spectrum.
For the first time, the program introduced an “Online Prayer Room,” enabling viewers to write down their Christmas wishes and receive personalized prayers from pastors. Over 700 viewers participated, leaving messages of hope for peace and safety that religious leaders individually addressed. The interactive feature spread blessings through the screen to households across Taiwan, extending the foundation’s reach beyond traditional broadcast formats.
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