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Ripple is targeting corporate treasury flows as a major growth avenue for its RLUSD stablecoin, with executive Jack McDonald pointing to customers of its treasury platform that process about $13 trillion in payments annually. McDonald, Ripple’s senior vice-president of stablecoins, said the company sees an opportunity to place RLUSD more deeply into the day-to-day movement of corporate cash, including cross-border transfers, transactions between subsidiaries and domestic payments. […]

By R Suryamurthy The latest BRICS financial agenda is ambitious enough to suggest that the grouping is no longer content merely to complain about the inequities of the global economic order; it wants to build pieces of an alternative. But ambition, particularly in a grouping as diverse as BRICS, is cheap. The harder question is […]

The article Brics has a financial roadmap: The hard part is making it work appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Adobe posted record third-quarter revenue and crossed one billion monthly active users, but investors remained cautious as its expanding freemium strategy slowed some recurring-revenue indicators and tempered near-term growth expectations. The software group reported revenue of $6.76 billion for the fiscal third quarter ended August 28, up 13% from a year earlier and above market expectations of about $6.7 billion. Adjusted earnings were $6.13 a share, also […]

Arabian Post Staff -Dubai UAE President Sheikh Mohamed bin Zayed Al Nahyan has called for stronger private-sector cooperation with Germany after attending a major business forum in Munich where companies from the two countries signed 30 agreements and commercial partnerships worth about €9.66 billion. Sheikh Mohamed told executives and investors at the Germany-UAE Business Forum on Friday that businesses would play a vital role in advancing the […]

North Korea fired multiple short-range ballistic missiles towards the East Sea on Saturday, a day after South Korea, the United States and Japan completed a five-day trilateral military exercise. South Korea’s Joint Chiefs of Staff said the missiles were detected at about 5.20am from the Wonsan area on North Korea’s east coast. They flew roughly 250 kilometres before falling into the sea, while South Korean and US […]

Shanghai Enflame Technology nearly tripled in value on its Shanghai trading debut on Friday, extending a wave of listings that has turned founders of loss-making Chinese artificial-intelligence chipmakers into billionaires as investors bet heavily on domestic alternatives to Nvidia.

Enflame’s shares closed 179 per cent above their initial public offering price on the STAR Market, lifting the company’s market value to about 171 billion yuan from 61.2 billion yuan at the offer price. The Tencent-backed company raised 6.12 billion yuan by selling 43.04 million new shares at 142.18 yuan each.

The surge came despite Enflame having never reported an annual profit since its establishment in 2018. Its 2025 revenue reached 990.2 million yuan while its net loss narrowed to about 1.2 billion yuan. The company has forecast revenue of 2.3 billion yuan to 3 billion yuan for the first nine months of 2026, alongside a net loss of 700 million yuan to 860 million yuan.

Revenue has expanded quickly from 301 million yuan in 2023 and about 722 million yuan in 2024, but losses have remained substantial as the company spends heavily on research and product development. Enflame recorded net losses of about 1.67 billion yuan in 2023 and 1.51 billion yuan in 2024 before narrowing the deficit last year, underscoring how far commercial growth has run ahead of earnings for the company.

Enflame said in its prospectus that it expects to reach break-even or profitability in 2026 or 2027. It plans to direct much of the IPO proceeds towards development and industrialisation of fifth- and sixth-generation artificial-intelligence chips, software and large-scale computing systems.

The company’s rapid revaluation also highlights the unusual economics of China’s artificial-intelligence chip boom. Investors have rewarded several young semiconductor groups whose sales are expanding quickly but whose research spending remains heavy and earnings records are limited or negative.

Moore Threads Technology, another Shanghai-listed graphics processor developer, created several billionaires after its market debut in December 2025, when its shares rose more than fourfold. Founder and chairman Zhang Jianzhong, a former head of Nvidia’s China operations, was valued at several billion dollars after the listing, while co-founders Zhang Yubo and Wang Dong also crossed the billionaire threshold based on their holdings.

MetaX Integrated Circuits produced a similar outcome after its Shanghai flotation. Chairman and chief executive Chen Weiliang, who previously worked at Advanced Micro Devices, became a billionaire as investors pushed the company’s valuation sharply higher despite continuing operating losses. Early investor Ge Weidong also joined the billionaire ranks through his stake.

The valuations reflect expectations that domestic chipmakers will capture a larger share of China’s fast-growing demand for artificial-intelligence computing as access to the most advanced US-designed processors remains constrained. Domestic producers are competing to supply cloud companies, data centres and developers running large language models, recommendation engines and other computing-intensive services.

Enflame’s commercial position, however, remains unusually concentrated. Tencent is its largest shareholder, with a 17.95 per cent stake after the offering, and sales linked to the technology group accounted for 83.79 per cent of Enflame’s 2025 revenue. The concentration gives Enflame a major anchor customer but also leaves its growth closely tied to purchasing decisions by one group.

The company employed about 860 people as of September 2025, according to disclosures compiled from its listing materials. Founded by former AMD executives Zhao Lidong and Zhang Yalin, Enflame develops accelerator chips, add-on cards, computing systems and software for artificial-intelligence training and inference in data centres.

Only 17.9 million shares, equivalent to 4.16 per cent of Enflame’s enlarged share capital, were freely tradable at the start of trading, limiting the initial public float and potentially amplifying price swings. The retail portion of the offering attracted thousands of times more demand than the shares available.

A US government cybersecurity episode involving ChatGPT is drawing attention to a wider governance problem: organisations are deploying artificial intelligence faster than they are assigning responsibility for what AI systems are allowed to do. The issue centres on CISA acting director Madhu Gottumukkala, who uploaded sensitive but unclassified government contracting documents to a public version of ChatGPT during July and early August 2025. The activity triggered automated […]

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Cisco has warned that attackers are actively exploiting two vulnerabilities in its Secure Firewall Management Center software, with intrusions leading to root-level access, credential theft, reconnaissance and malware deployment on compromised systems. Cisco Talos said on September 9 that it had identified three clusters of post-compromise activity involving CVE-2026-20079 and CVE-2026-20316. The first flaw, rated a maximum 10.0 on the CVSS scale, can let an unauthenticated remote […]

TechSparks 2026 has expanded its speaker roster for the October summit in Bengaluru, adding technology executives, founders and investors to a three-day programme focused on artificial intelligence, deep technology and digital infrastructure.

The latest additions include Zoho co-founder and chief scientist Sridhar Vembu, Angel One Group chief executive Ambarish Kenghe, Emergent founder and chief executive Mukund Jha and Canva country manager Chandrika Deb. Their participation was announced on September 10, extending a lineup that already includes senior policymakers, fintech founders, researchers, venture investors and enterprise technology executives.

The summit, organised by YourStory, is scheduled for October 13 to 15 at the Sheraton Grand Bengaluru Whitefield Hotel and Convention Center. Its 2026 theme, “The New Tech Order”, centres on how AI, deep technology and new digital infrastructure are changing access to technology, business formation and the distribution of economic and technological power.

Among the previously announced speakers are Priyank Kharge, Karnataka’s Minister for Home, IT, BT and E-Governance; Krishna Byre Gowda, Minister for Greater Bengaluru Development; PhonePe founder and chief executive Sameer Nigam; and Pramod Varma, co-founder and chief architect of Networks for Humanity. The programme also lists Rahul Chari, founder and chief product and technology officer of PhonePe, and Manish Maheshwari, managing director for India at Stripe.

Organisers say the event is expected to draw more than 10,000 attendees, more than 500 speakers and about 300 investors. The official event website also lists more than 1,000 startups, while another event page refers to more than 200 participating startups, indicating that the figures represent different participation categories or programme groupings.

The first day is set to examine shifts in technological power, including AI as infrastructure, computing capacity, semiconductor supply chains, data ownership and the balance between technological sovereignty and globalisation. Other sessions are expected to address enterprise adoption of AI, startup financing, digital public infrastructure, climate technology, product development and the role of Bengaluru as a centre for technology-led businesses.

The breadth of the programme reflects a shift in concerns facing technology companies. Access to capital remains important, but founders are contending with computing costs, pressure to demonstrate AI products, scrutiny of data use and the need to build businesses capable of expanding without relying indefinitely on external funding. Investors are expected to examine those trade-offs as they assess companies operating across software, fintech, climate technology, mobility, health technology and deeptech.

Bengaluru’s civic and policy challenges are part of the agenda. Byre Gowda’s participation brings urban development into the discussion, while Kharge is expected to address the state’s role in supporting emerging technologies, entrepreneurship and digital infrastructure. Their presence links the startup programme with questions about how a technology centre manages infrastructure, talent, regulation and public services.

The speaker list spans established technology companies and younger ventures. It includes Anjali Bansal of Avaana Capital, Ashutosh Sharma of Prosus, Michael Cronin of Couchbase, Nagendra Nagaraja of QpiAI, Geetha Manjunath of Niramai Health Analytix, Nicolas Sauvage of TDK Ventures and Priyanka Agarwal Chopra of IIMA Ventures. Academic and research participants include Ashok Jhunjhunwala of IIT Madras and Shivkumar Kalyanaraman, chief executive of the Anusandhan National Research Foundation.

TechSparks will also host its Tech30 programme, which identifies 30 technology companies for a showcase at the summit. The 2026 selection process moved into its second stage on September 10, with shortlisted companies required to submit a more detailed application. The final cohort is scheduled to be locked by September 30 and presented during the event.

A separate VibeCode30 programme is aimed at AI-native builders, while ActionLabs and masterclasses are designed around hands-on problem solving and practical technology deployment. The event format also includes startup networking zones, an India-international corridor and a government pavilion.

Flipkart-backed payments platform Super. money is rolling out artificial-intelligence agents designed to shop for products and buy digital gold on users’ behalf, positioning autonomous transactions as a way to challenge larger rivals in India’s payments market.

The move comes as the National Payments Corporation of India develops protocols for identifying and authorising AI agents on the Unified Payments Interface, creating infrastructure that could let software complete selected payments under rules and limits set by customers.

Super. money founder and chief executive Prakash Sikaria has said the emerging architecture could allow agents representing merchants and consumers to interact directly, reducing the number of steps between product discovery and payment. The company is seeking to use that shift to extend its role beyond routine UPI transfers into commerce, credit and investment-related transactions.

Agentic payments differ from conventional chatbots because the software can act after interpreting an instruction rather than merely provide information. A user could, for example, ask an agent to find an eligible product within a budget or execute a purchase when specified conditions are met, subject to the permissions built into the payment framework.

NPCI is working on a registry to verify and monitor AI agents conducting transactions through UPI. Its proposed Unified Agent Protocol is expected to support controls including spending limits, identity checks and audit trails. The initial focus is on small, frequent purchases, while more complex conditional transactions could follow as safeguards and liability rules develop.

The payments body has already extended UPI Circle, its delegated-payments framework, to software profiles including AI profiles for limited users. Under the broader system, account holders can delegate payment authority within predefined limits while retaining visibility over transactions. Reserve Pay, another UPI mechanism, can block funds for authorised payments that may be debited later.

Super. money’s push builds on products added this year as it tries to broaden engagement beyond person-to-person and merchant payments. Its splitStore service, introduced in July, lets eligible customers browse products listed on Flipkart and either pay in full or use a pay-later facility provided by regulated lending partners.

The company’s terms state that Flipkart and its sellers remain responsible for the underlying sale, fulfilment, invoicing, cancellations and returns, while Super. money provides the shopping and credit interface. The platform does not hold inventory or set product prices.

Super. money has also added digital gold. Its customer-support documentation describes purchases, sales and reconciliation procedures involving a vault partner, while the app has promoted cashback on gold purchases. The service includes a post-purchase selling lock-in and applies the tax and market spread associated with digital-gold transactions.

Those products give the company potential use cases for agents that can move from a customer instruction to a transaction without requiring the user to navigate several separate screens. The central challenge is ensuring that delegated authority remains narrow enough to prevent unwanted or mistaken purchases.

That concern is shaping the wider industry’s approach. Razorpay, NPCI and OpenAI have been testing agentic payments using UPI Reserve Pay, with an earlier pilot allowing users to shop through a conversational AI interface and complete purchases from participating merchants after confirmation. Razorpay says its system is designed to support pre-authorised transactions within customer-approved spending limits.

Competition is intensifying as payments companies decide how extensively to integrate AI. PhonePe co-founder Rahul Chari has cautioned that not every existing payments experience becomes better merely by adding artificial intelligence, signalling a more selective approach than platforms seeking to make autonomous agents central to commerce.

Super. money remains smaller than the dominant UPI applications, giving it an incentive to pursue newer transaction categories rather than compete solely on basic payments. Its app combines UPI with credit, deposits, bill payments, shopping and other financial products, while the company has used cashback and embedded credit to encourage repeat usage.

Anthropic has accused Moonshot AI of secretly sending customer requests meant for its Kimi chatbot to Anthropic’s Claude models, alleging that the Beijing-based company concealed the practice from users and presented Claude-generated answers as its own. The US artificial intelligence developer said on Thursday that it identified one ten-day period in which Moonshot routed almost 300,000 requests through a network of 5,380 fraudulent accounts, with much of […]

The third rebuild of Ramco’s platform in thirty years, moving enterprise software from a system of record towards a system of intelligence and action

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 11 September 2026 – Ramco Systems, a global enterprise software company offering next-generation SaaS-enabled platform and products, celebrated three decades of powering enterprise transformation in Malaysia. To mark this milestone, Ramco hosted Ramco Now & Next, an event that traced its regional journey, showcased its vision for the future of enterprise software, and brought customers and industry leaders together for forward-looking discussions.

From left to right: Tarun Devasia, Chief Marketing Officer, Subbaraman Ramaswamy, Chief Customer Success Officer (Global Enterprise), Sandesh Bilagi, Chief Executive Officer, Rohit Mathur, Executive VP & SBU Head (Global Payroll & HR, Ramco Systems)
From left to right: Tarun Devasia, Chief Marketing Officer, Subbaraman Ramaswamy, Chief Customer Success Officer (Global Enterprise), Sandesh Bilagi, Chief Executive Officer, Rohit Mathur, Executive VP & SBU Head (Global Payroll & HR, Ramco Systems)

At the event, the company provided a preview of its upcoming AI-native enterprise platform, built to move enterprise software from a system of record to a system of intelligence, and ultimately a system of action. The first two shifts in Ramco’s platform changed how enterprise software was delivered; this one changes what the software is.

The new platform is designed to move away from software that people must log into and interpret, towards a system that surfaces what needs attention and drafts the resulting action for a human to approve. A walkthrough during the keynote showed how the platform would identify a projected stock shortfall across multiple warehouses and prepare the corresponding replenishment requests for approval.

Abinav Raja, Managing Director, Ramco Systems, said, “Nobody running a business today is short of information. They are short of the time to go and assemble it into something they can act on. What we are building is meant to do that assembly for them, and bring the next step with it, while leaving the judgement where it belongs.”

Payroll offers one example of what this looks like in practice: a monthly processing cycle gives way to continuous validation, with anomalies flagged as they arise rather than surfacing at the end of the period. The AI and Machine Learning technology carries out the processing while payroll teams retain the review and the sign-off.

Ramco has operated in Malaysia since 1996 and today processes payroll for more than 100,000 employees every month across more than 50 Malaysian organisations in over 15 industries. Kuala Lumpur serves as one of Ramco’s regional support hubs for HR and Global Payroll, with Singapore as its Asia headquarters.

Sandesh Bilagi, Chief Executive Officer, Ramco Systems, said, “We have spent thirty years in Malaysia solving problems our customers could not afford to get wrong. Some of the organisations we recognised today started with us decades ago. They have been part of our journey and been with us as our platform transformed and modernized over the years. Thirty years is not the achievement. Those relationships are.”

At the event, Ramco recognised its Malaysian clientele, including:

  • Valiram Group, the Kuala Lumpur headquartered luxury retail specialist with more than 600 stores across Southeast Asia and Oceania, was Ramco’s first retail customer in the region. Ramco provided an integrated solution that could replace the disparate HRIS systems in each country, which were working in silos.
  • Hitachi Energy used Ramco to build a unified payroll model spanning 20 countries and 8,000 employees. Ramco enabled Hitachi Energy to supplement and empower its retained payroll resources and amplify its expertise across countries.
  • Aurecon, an Asia Pacific engineering consultancy, went live on Ramco Payce this year, replacing legacy payroll processes across seven Asian markets, including Malaysia, with a single consolidated service. The service covers gross and net pay calculations, retroactive pay and increments, and payslip generation, alongside country-specific statutory compliance. The shift improved payroll accuracy and timeliness and delivered cost efficiencies across payroll and other teams.

Ramco expects the domain knowledge and experience built over three decades in Malaysia to reinforce how the new platform reaches customers across the region.
Hashtag: #RamcoSystems



The issuer is solely responsible for the content of this announcement.

Ramco Systems

Ramco Systems is a world-class enterprise software product/ platform provider disrupting the market with its multi-tenant cloud and mobile-based enterprise software, successfully driving innovation for over 30 years. Over the years, Ramco has maintained a consistent track record of serving 800+ customers globally with 2 million+ users, and delivering tangible business value in Global Payroll, Aviation, Aerospace & Defense, and ERP. Ramco’s key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform. On the innovation front, Ramco is leveraging cutting edge technologies around Artificial Intelligence, Machine Learning, RPA and Blockchain, amongst the others, to help organizations embrace digital transformation.

For more information, please visit

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SINGAPORE – Media OutReach Newswire – 11 September 2026 – Fresh graduates entering Singapore’s workforce continue to find opportunities across financial and insurance services, professional services, information and communications, healthcare and social services, even as employers become more selective and artificial intelligence reshapes entry-level work.

According to the Ministry of Manpower (MOM), entry-level professional, managerial, executive and technician (PMET) openings increased from 32,500 in December 2025 to 32,800 in March 2026, despite an overall decline in job vacancies. MOM also reported that around nine in 10 university graduates from the 2025 cohort found employment within 12 months of graduation, suggesting that fresh graduate employment has remained relatively resilient.

Financial services, professional services and technology remain active hiring sectors

Financial and Insurance Services, Professional Services, and Information and Communications were among sectors identified by MOM as experiencing active PMET hiring and wage growth. Together, these sectors recorded approximately 14,200 PMET vacancies as of September 2025, compared with 12,600 a year earlier, including roles suitable for fresh graduates.

Opportunities span finance, risk, compliance, accounting, consulting, software, systems and data functions. Increasing digitalisation also means these boundaries are becoming less distinct, with banks and professional services firms increasingly recruiting technology and data talent.

Information and communications continue to require digital capabilities

Singapore’s technology workforce reached 214,000 in 2024, according to the Infocomm Media Development Authority’s Singapore Digital Economy Report 2025, with AI and Data and Cybersecurity among the fastest-growing technology occupations. The latest MOM data also shows concrete entry-level demand. As at March 2026, Information and Communications recorded 200 vacancies for software developers, 130 for IT support technicians and 80 for computer engineers among its entry-level jobs with higher vacancy counts.

Technology graduates are therefore finding opportunities not only within technology companies but also across finance, manufacturing, professional services and other industries.

Financial and professional services are evolving with technology

Singapore’s financial sector continues to provide opportunities across banking, insurance, investment, risk and compliance. As at March 2026, MOM identified financial compliance officer or risk analyst, insurance sales agent or broker, and financial or investment adviser among the entry-level Financial and Insurance Services roles with higher vacancy counts, with 30 vacancies recorded for each occupation. Technology is also changing the nature of financial services, with institutions applying analytics, automation and AI across areas such as fraud detection, customer service and risk management.

Professional Services provides opportunities across both corporate and technical functions. MOM’s March 2026 data identified 100 vacancies for resident technical officers, 60 for auditors and 50 for IT support technicians among the sector’s entry-level jobs with higher vacancy counts. As AI increasingly assists with research, analysis and routine processes, graduates who combine professional knowledge with digital capabilities, communication and judgement may be better positioned for changing roles.

Healthcare and social services continue to offer graduate pathways

Health and Social Services continues to provide entry-level opportunities for graduates. As at March 2026, MOM identified 210 vacancies for social workers, 190 for registered nurses and other nursing professionals, and 80 for social work associates among the sector’s entry-level jobs with higher vacancy counts. These roles demonstrate that graduate demand extends beyond digital careers. Specialised professional knowledge and interpersonal skills remain important in sectors where human interaction and service delivery are central.

AI is changing entry-level roles rather than simply removing them

Generative AI has raised concerns among students and parents about its impact on graduate employment. MOM data presents a more nuanced picture. Among firms that had adopted AI, 6 per cent reported reducing headcount and 8 per cent lowering hiring activity, while 19 per cent redesigned roles and 14 per cent created AI-related jobs. The impact of AI has therefore been more visible in job redesign than broad-based hiring reductions. Fresh graduates may increasingly be expected to use AI tools, interpret data, assess AI-generated information and focus on areas requiring judgement, communication and problem-solving.

Skills-based hiring is changing how graduates compete

Employers are also looking increasingly beyond qualifications alone. MOM’s Job Vacancies 2025 report found that academic qualifications were not the main consideration for 79.6 per cent of vacancies.

This places greater emphasis on what graduates can demonstrate alongside their qualification, including internships, technical capabilities, communication, teamwork and analytical thinking. For students choosing a degree, employability is therefore not only about entering a growing industry but also about developing skills and experience that employers value.

SIM graduate outcomes reflect employment across diverse industries

Graduate employment data provides another way for students and parents to assess career outcomes. According to the Private Education Institution Graduate Employment Survey 2024/2025, 81.0 per cent of SIM fresh graduates surveyed secured employment, while 47.0 per cent were in full-time permanent employment. The median gross monthly salary was S$3,565. Across all private education institutions surveyed, 78.9 per cent of fresh graduates secured employment, with a median gross monthly salary of S$3,500.

SIM’s Graduate Employment Survey also shows graduates entering sectors including banking and financial services, ICT and cybersecurity, consulting and professional services, aviation and engineering, healthcare and social services, logistics and transportation, retail and manufacturing. Employment outcomes remain dependent on factors including programme choice, individual skills, work experience and labour-market conditions.

Parents can consider employability alongside programme fit

For parents supporting higher education decisions, current hiring trends provide useful context, but today’s strongest industry may not necessarily offer the greatest opportunities several years from now. A broader assessment can include a student’s interests and strengths, programme curriculum, awarding university, recognition, fees, career support and graduate employment outcomes.

The SIM Parent Resource Hub brings these considerations together, covering degree pathways, programme recognition, fees and financial support, student care and graduate employability. Its Graduate Outcomes & Employability resource provides information on SIM’s PEI Graduate Employment Survey results, industries and organisations where SIM graduates have worked, and career and internship support available to students.

These resources can help parents consider not only where jobs are available today, but how a higher education pathway can help their child develop relevant knowledge, experience and transferable capabilities.

Career resilience increasingly depends on transferable skills

Singapore’s labour-market data shows that opportunities for fresh graduates remain spread across multiple industries. Financial Services, Professional Services and Information and Communications continue to offer professional opportunities, while Healthcare and Social Services, also show meaningful entry-level demand.

For students entering higher education, career preparation may therefore be less about identifying one “future-proof” industry and more about developing disciplinary knowledge, practical experience and transferable skills that can remain valuable as employment needs change. Parents and students can refer to the SIM Parent Resource Hub, including its Graduate Outcomes & Employability resource, when evaluating degree pathways, employability, recognition, fees and student support.

References

  1. Ministry of Manpower, Singapore. Fresh Graduate Employment – https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2026/0804-written-answer-to-pq-on-fresh-graduate-employment
  2. Ministry of Manpower, Singapore. Trends in Job Vacancies – https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2026/0805-written-answer-to-pq-on-trends-in-job-vacancies
  3. Ministry of Manpower, Singapore. Sectors with Active Hiring and Wage Growth – https://www.mom.gov.sg/newsroom/parliament-questions-and-replies/2026/0113-written-answer-to-pq-on-sectors-with-active-hiring-and-wage-growth
  4. Ministry of Manpower, Singapore. Job Vacancies 2025 – https://www.mom.gov.sg/newsroom/press-releases/2026/0320-job-vacancies-report-2025
  5. Manpower Research and Statistics Department, Ministry of Manpower. List of Entry-Level PMET Job Opportunities for Fresh Graduates – https://stats.mom.gov.sg/iMAS_PdfLibrary/List-of-top-entry-level-PMET-job-opportunities-for-fresh-graduates-Q1-2026.pdf
  6. Infocomm Media Development Authority. Singapore Digital Economy Report 2025 – https://www.imda.gov.sg/resources/press-releases-factsheets-and-speeches/factsheets/2025/ar-sgde-2025
  7. Singapore Institute of Management. Parent Resource Hub: Helping Your Child Choose the Right Degree Pathway – https://www.sim.edu.sg/degrees-diplomas/parent-resource-hub
  8. Singapore Institute of Management. Graduate Outcomes & Employability – https://www.sim.edu.sg/degrees-diplomas/parent-resource-hub/graduate-outcome-employability

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

The issuer is solely responsible for the content of this announcement.

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 17,000 full- and part-time students and adult learners, of which approximately 41% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit

Artificial intelligence has sharply eroded Kenya’s once-thriving academic ghostwriting trade, cutting demand, rates and livelihoods for thousands of educated freelancers who built careers completing assignments for university students overseas. The disruption has become stark four years after ChatGPT’s launch. Writers who once handled a steady flow of essays, dissertations and coursework for clients in the United States and Britain say orders have dwindled as students increasingly use […]

New report, authored by GSMA Intelligence in partnership with Huawei, released at UNESCO’s Digital Learning Week

  • Digital literacy – not coverage – is the main barrier keeping 3.1 billion people offline.
  • AI could potentially widen the digital literacy gap.
  • Bridging the usage gap could boost global GDP by $3.5 trillion from 2023 to 2030.
  • Citing Huawei’s Skills on Wheels initiative, the report urges policymakers, telcos, and tech vendors to treat AI literacy as critical infrastructure.

PARIS, FRANCE – Media OutReach Newswire – 10 September 2026 – More than one in three (38%) people remains offline despite being covered by mobile broadband – and a lack of digital literacy skills is often to blame, according to new research published today.

Closing Digital Literacy Gap Could Unlock Trillions of Dollars in Global GDP Growth

The new report, “Bridging the Divide: Enhancing Digital Literacy in the AI Era,” authored by GSMA Intelligence and produced in collaboration with Huawei, identifies a digital divide impacting 3.1 billion people caused by a shortage of digital skills, user trust and AI literacy.

AI raises both access and risk

Existing industry projections suggest closing the capability gap could add around $3.5 trillion to global GDP by 2030, with more than 90% of those gains flowing to low- and middle-income countries (LMICs). Physical mobile broadband coverage currently reaches 96% of people worldwide.

The report, unveiled at UNESCO’s Digital Learning Week, suggests artificial intelligence could act as both a bridge and a barrier for underserved communities. AI-powered voice assistants and applications that work with images, audio and video can all help low-literacy users bypass the need to input text. At the same time, they raise the security and critical-thinking standards required to participate safely. However, the study warns that users must now be able to understand data privacy and identify risks such as fraud and deepfakes.

The research cites World Bank statistics that GenAI literacy represents the highest-value skill category, with wage premiums up to 36%, far exceeding returns for both digital and traditional AI skills.

Without targeted interventions in basic digital training, the authors warn, rapid AI adoption risks entrenching existing inequalities even in areas with full network coverage.

Mobile classrooms build skills in remote areas

Digital inclusion initiatives typically target those most at risk of digital exclusion, including rural and remote communities, children and teachers in rural schools, older people, and women and girls.

The report emphasizes the need for community-based delivery models, citing Huawei’s Skills on Wheels initiative as a field-tested example — particularly its solar-powered DigiTruck mobile classrooms, which bring hardware, rural connectivity and hands-on training, including AI literacy, to off-grid regions.

Since 2019, training courses delivered by Skills on Wheels projects have reached more than 130,000 people across 21 countries, with more people benefiting indirectly. DigiTruck trainers encourage trainees to share their new skills, which is shown to occur in practice. A report on DigiTruck by Kenya’s Ministry of Information, Communications and Digital Economy shows that 79% of DigiTruck trainees surveyed had passed on their newly acquired digital skills to family members and peers.

Policymakers urged to treat AI literacy as core infrastructure

To bridge the usage gap, the report urges policymakers, telecom operators and technology vendors to work together and focus on four priorities:

  • Treating practical AI awareness, online safety and information verification as a baseline national qualification.
  • Adopting multilingual voice and conversational interfaces across public services to minimise user-side technical hurdles.
  • Scaling up mobile learning units through cross-sector partnerships that combine operator connectivity, vendor technology and local NGO networks.
  • Measuring performance by independent task completion and fraud resilience rather than trainee numbers.

“Digital literacy can no longer be defined by static thresholds,” said Tim Hatt, head of research and consultancy at GSMA Intelligence. “Connectivity alone is insufficient — capabilities, system design and trust must evolve together. To capture this multi-trillion-dollar opportunity, stakeholders must integrate layered AI literacy directly into daily livelihoods through trusted community channels.”

“Mobile classrooms have demonstrated immense value in helping underserved populations break through physical and psychological barriers to technology,” said Gavin Allen, Executive Editor-in-Chief at Huawei. “We will continue working alongside local governments and industry partners to drive digital literacy, ensuring that no one is left behind as we transition into the AI economy.”

A new DigiTruck program will launch in France this autumn, covering several cities in the Île-de-France region and targeting low-income and underserved communities with digital skills training.

The full report is available on the GSMA Intelligence research portal:
https://www.gsmaintelligence.com/research/bridging-the-divide-enhancing-digital-literacy-in-the-ai-era

FAQ

Q1: What is the main purpose of this report?
A: The report analyzes the critical importance of enhancing digital skills in the AI era, highlighting digital literacy as a layered and evolving capability. It calls on all stakeholders to collaborate in accelerating global digital inclusion and skill development.

Q2: What does it mean for policymakers to treat “AI literacy as core infrastructure”?
A: It means shifting policy focus from just building physical base stations to funding human capabilities. The report urges governments to integrate baseline AI awareness, online security, and media verification into national qualification frameworks, treating digital skills as an essential public utility alongside electricity and broadband.

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Uber has invested $100 million in Atoms, the industrial artificial intelligence company founded by its former chief executive Travis Kalanick, as the start-up develops autonomous-driving technology that could eventually be used on Uber’s ride-hailing network. The investment forms part of Atoms’ $1.7 billion equity financing announced in July and led by Andreessen Horowitz, with Ben Horowitz joining the company’s board. Uber’s participation reconnects the ride-hailing group with […]

Artificial intelligence is widening the investment divide between the United States and Europe, with American companies absorbing the overwhelming majority of global AI venture capital while European firms continue to face shortages of large, late-stage funding. OECD data show US-based AI companies attracted about $194 billion in venture capital in 2025, roughly 75% of worldwide AI deal value. Companies across the EU27 drew $15.8 billion, or 6%, […]

The Philippines has finalised a $34.4 billion artificial intelligence infrastructure masterplan targeting a thirtyfold increase in AI-ready data centre capacity to 1.5 gigawatts by 2033, while two US-headquartered hyperscalers assess potential sites in Luzon.

The Philippines AI+ Infrastructure Masterplan 2026-2033, launched by the Department of Information and Communications Technology on September 8, sets an initial goal of deploying about 400 megawatts by 2030 from a baseline of roughly 50 MW. The programme is designed to combine public infrastructure spending with substantially larger private investment in computing capacity, power, connectivity, water systems and workforce development.

Information and Communications Technology Secretary Henry Aguda said two unnamed US hyperscale cloud companies are conducting due diligence on locations within the Bataan-Clark and Batangas-Aurora corridors. Each is considering about 200 MW of capacity over five years, but officials have stressed that the figures represent projects under evaluation rather than committed investments.

Aguda said the corridor approach is intended to shorten a site-selection process that can take hyperscalers six to nine months by mapping available land, electricity, connectivity and other requirements before investors make final choices. He said the companies have so far focused on Luzon, and no timetable has been disclosed for investment decisions.

The masterplan estimates that $13.5 billion, or 39 per cent of total funding, would come from public sources and about $21 billion, or 61 per cent, from private capital. Government officials said roughly $18.2 billion is already linked to existing national programmes, mainly in connectivity and energy, leaving an additional requirement of about $16.3 billion. AI compute and data centres account for the largest component, estimated at about $14.6 billion. No project auction has started, and Aguda said the masterplan itself is not funded under the 2027 national budget, though enabling power and water infrastructure may already be covered by broader government programmes serving the grid.

Gemma Baysic, officer-in-charge director of the National ICT Planning, Policy and Standards Bureau, said the strategy is intended to enable the country to build, host, power and support a larger AI ecosystem rather than remain principally a consumer of the technology.

Energy supply is a central constraint. Department of Energy Undersecretary Maria Francesca Del Rosario said planners estimate the infrastructure could support about 152,000 graphics processing units. The department expects natural gas to meet immediate additional electricity needs while aiming for renewable sources, including solar and geothermal power, to provide 40 per cent of the energy used by AI infrastructure by 2033.

Officials said additional generation must be developed without diverting electricity from households. The government is also examining nuclear energy as a longer-term option under the Philippine National Nuclear Energy Safety Act, although no nuclear capacity has been committed specifically to the data centre programme.

The roadmap identifies Clark-Bataan as the primary anchor for large-scale AI infrastructure, with Batangas-Aurora serving as a strategic international gateway. Subic and Calabarzon are designated supporting hubs, while Cebu, Iloilo, Davao and Cagayan de Oro are listed as future regional nodes as capacity expands beyond Luzon.

The plan also links infrastructure investment to labour-market objectives. It calls for reskilling 1.3 million workers in the information technology and business process management sector for AI-enabled services. Government projections envisage more than 500,000 AI-related jobs and a further 175,000 positions associated with AI infrastructure projects by 2033.

Those employment and economic estimates remain targets rather than assured outcomes. The masterplan projects that AI-linked productivity gains and new digital services could increase gross domestic product by 10 to 12 per cent by 2033, dependent on investment, infrastructure delivery, workforce adaptation and wider adoption.

The Asian Development Bank supported preparation of the masterplan. Winfried Wicklein, an ADB director general, described AI infrastructure as a national competitiveness and productivity priority, while emphasising that the launch marks the start of implementation rather than completion of the programme.

PayPal has extended the reach of its dollar-backed stablecoin into custom token issuance, with the PYUSDx developer platform now supporting three live projects and more than $100 million in processed volume. PYUSDx allows businesses and developers to create their own branded onchain tokens while using PayPal USD, or PYUSD, as the economic foundation. M0 built the platform’s programmable infrastructure, while MoonPay Digital Assets Limited handles issuance and […]

OpenAI’s claim that an unreleased artificial intelligence system has solved the Navier-Stokes existence and smoothness problem has triggered a dispute among mathematicians over the proof’s independence, attribution and use of research generated through commercial AI tools. The company said its internal model, described as significantly more capable than GPT-6 Astra, produced a proposed solution after an intensive effort involving as many as 10,000 AI agents. OpenAI released […]

Arabian Post Staff -Dubai Dubai Municipality has signed a cooperation agreement with Singapore’s BCA International after a high-level visit focused on modern building methods, green construction, digital technologies and regulatory practices that could support Dubai’s expanding built environment. The delegation, led by Director-General Marwan Ahmed bin Ghalita, concluded the official visit after meetings with government bodies, construction specialists and technology companies, alongside site inspections examining how Singapore […]

President Donald Trump warned Iran on Wednesday that the United States could strike Pickaxe Mountain after Washington detected activity at the deeply buried site near the damaged Natanz uranium enrichment complex. “We notice there’s a little activity at Pickaxe. I would advise Iran not to get cute because we will have to hit them very hard,” Trump told a Republican midterm convention in Dallas, sharpening warnings he […]

Apple has unveiled the iPhone Duo, its first foldable smartphone, marking the company’s entry into a category and introducing the biggest physical redesign of the iPhone since the iPhone X. The book-style device was presented on Wednesday at Apple’s product event in Cupertino, California, alongside the iPhone 18 Pro and iPhone 18 Pro Max. The Duo folds into a passport-like form and opens into a larger display […]

US Treasury yields climbed on Wednesday as oil prices pushed above $100 a barrel, intensifying concern that higher energy costs could keep inflation elevated and persuade the Federal Reserve to raise interest rates at its September 15-16 meeting. The benchmark 10-year Treasury yield moved above 4.8%, touching its highest level since late 2023, while longer-dated yields remained under pressure as investors reassessed the inflation outlook and the […]

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