Finance
Singapore wants to be a hub for blockchain in finance, just not speculative crypto trading, MAS says

On this 2013 picture, Singapore’s central enterprise district is proven at nightfall.
Edward Tian | Second | Getty Photos
Singapore nonetheless desires to be a hub for digital belongings, however not one for speculating on cryptocurrencies, stated Ravi Menon, managing director of central financial institution the Financial of Singapore.
“If a crypto hub is about experimenting with programmable cash, making use of digital belongings to be used instances or tokenizing monetary belongings to extend effectivity and cut back danger in monetary transactions, sure, we wish to be a crypto hub,” stated Menon in his opening handle on the Singapore Fintech Pageant 2022 on Thursday.
Tokenizing a monetary asset includes changing its possession rights into digital tokens.
DBS Financial institution is testing out Singapore’s first digital cash stay pilot for presidency vouchers, enabling retailers to program and self-execute the distribution and utilization.
“However whether it is about buying and selling and speculating in cryptocurrencies, that’s not the sort of crypto hub we wish to be,” stated Menon.
Singapore has ambitions to turn into a world crypto hub, however has been cracking down on the business after many retail buyers misplaced their life financial savings to crypto buying and selling. The town-state has repeatedly warned that cryptocurrency buying and selling is “extremely dangerous and never appropriate for most of the people” on account of its unstable and speculative nature. It even banned crypto promoting in public areas and on social media in January 2021 and proposed new measures to guard retail buyers lately following the $60 billion collapse of Terra’s Luna.
Nonetheless, Singapore has brazenly proven its approval for blockchain expertise and has launched into numerous initiatives. These embrace Undertaking Ubin, which efficiently accomplished its experiment utilizing blockchain for the clearing and settlement of funds and securities.
One other is Undertaking Guardian, which lately accomplished its first business pilot that concerned DBS Financial institution, JPMorgan and SBI Digital Property Holdings conducting transactions in tokenized overseas change and authorities bonds.
“Undertaking Guardian’s first pilot has demonstrated the potential for decreasing dangers in executing trades,” stated Menon.
“These initiatives try to extend effectivity within the product worth chains, decrease environment friendly issuance and servicing prices and enhance transparency and accessibility. We consider Undertaking Guardian might help pave the way in which for the following evolution of economic markets in Singapore,” stated Menon.
MAS will probably be following up with two new business pilots — one with Commonplace Chartered Financial institution main an initiative to discover the issuance of tokens linked to commerce finance belongings and the opposite with HSBC and UOB working alongside Marketnode to allow native digital issuance of wealth administration merchandise.
In his speech, Menon additionally introduced that the MAS will probably be launching Undertaking Ubin+, a world initiative on the cross-border change and settlement of overseas forex transactions utilizing wholesale central financial institution digital currencies.
Undertaking Ubin was first began in 2016 and is the launch pad for the event of Partior, a blockchain-based funds clearing and settlement community by DBS Financial institution, JPMorgan and Temasek.

Finance
Accessibility In 2025: Forces, Finance, And The Future

Getty
After decades of halting advances, the field of Accessibility for people with disabilities has reached not a fork in one road—it’s smack in the middle of a bustling (and often contentious) convergence of many forces from many directions.
There are imperatives from legal and moral to societal and financial. Disabilities physical, sensory and cognitive. Politics and profit. Them, me. All crashing into each other in ways never seen before.
There is little consensus on where accessibility will emerge from all this. But if experts agree on anything, it’s that the business community will play a significant role. Progress will rely on good, old-fashioned entrepreneurship and investment in AI-driven communication devices, exoskeletons, consumer products and much more.
“Accessibility has been an ignored space from investment capital,” says Paul Kent, the managing partner of the Disabled Life Alliance, which connects and facilitates deals between private investors and innovators in the accessibility space. “It’s been thought of as a small market, which is ridiculous. There’s a massive return associated with this. A lot of people believe social impact requires less than market-rate returns. But that’s not true. This is not charity. It’s an investible market.”
Forbes’ inaugural Accessibility 100 list gives a unique look at the industry as it stands today, and where it’s headed. The list features the top innovators and impact-makers—from large companies to lone inventors—in sectors like mobility, communication, sports, entertainment and many more. Some make devices like “smart canes” that can tell blind users where things are, from poles to the Starbucks entrance; while others build playgrounds for disabled children, or provide access from everything to the beach, the ballot box and a career in modeling. Profiles of all 100 appear on pages devoted to those categories; for example, education is here.
Featuring companies and people from 15 countries, the list was compiled through more than 400 conversations with industry insiders over nine months, and with the guidance of an expert advisory board. Disabilities considered include physical, sensory and neurodivergent; types of accessibility include digital (technology, websites and so on), physical (access to public transportation and buildings) and experiences (sports, careers and the like). Emphasis was placed on breadth of impact felt now and expected in the near future. This page details the list’s methodology and advisory board.
Current debates over DEI (often called DEIA, the A for accessibility) often overlook one dynamic: the disabled community is the one minority which anyone of any race, gender, age or financial means can suddenly find themselves thrust into. The head of accessibility at a major communications company, who asked not to be identified given the current political climate, calls accessibility a “casualty of war” over DEI policies—such as when the Trump administration stopped providing sign-language interpretation during broadcasts of press briefings, cutting them off to deaf and hard-of-hearing citizens. (The National Association of the Deaf immediately sued.) Likewise, stricter protections for disabled airline travelers instituted by the previous administraion—such as reimbursement for wheelchair damage and better training for flight personnel to increase safety—have been opposed by the airline industry, which is now seeking to delay, dilute, or remove them altogether.
As such conflicts play out, companies and entrepreneurs currently changing the world of accessibility are, in ways surprisingly new, inviting people with all disabilities into design conversations and testing labs, heeding the community’s mantra, “Nothing about us without us.” Recently, as sign-language robotic hands were hailed by outsiders as possibly replacing expensive interpreters—a certainly worthwhile goal—the enthusiasm has obscured the reality that they didn’t really serve the deaf and hard-of-hearing community yet.
“American Sign Language is 70 percent what we call nonverbal markers—it’s your face, how your body moves, not just hand shapes,” says Kelby Brick, the chief operating officer of the National Federation of the Deaf. Usable innovation in the area, he suspects, would require AI-driven avatars that can convey that nuance.
Not all advancements in accessibility are contentious. Many become universal. Closed captioning—originally designed for the deaf—has grown so ubiquitous that it has became one of many examples of what is now called “the curb-cut effect,” so named after sloped curbs designed for people with disabilities wound up benefitting everyone, like those pushing strollers or pulling suitcases. Other instances include electric toothbrushes, speech-to-text and even bendable straws.
Indeed, the preferred approach for many companies has become “universal design,” where products and services are built from the start to serve everyone, rather than winding up immediately unusable by the disabled or clumsily retrofitted after the fact. Several firms, including Accessibility 100 listmakers Deque and Fable, now produce software that checks computer code as it’s written to ensure that accessibility features work out of the box. OXO, also on the list, is a household name (literally) that designs all of its kitchen products to be easy for everyone, from smooth-turning can openers to tongs that close with one hand.
One distinct feature of accessibility innovation is that companies—even direct competitors—enthusiastically share ideas and advances, even code, to hasten innovation for all. For example, Procter & Gamble invented raised icons that blind and low-vision people can feel to distinguish products like liquid soap, shampoo and laundry detergent from each other; the company is sharing them with others to make them standard. “We’re not just trying to do it alone,” says Sam Latif, P&G’s Company Accessibility Leader. “Doing it on a few products is not as impactful as the industry doing it together.”
Apple operating systems have built accessibility features into its software since the 1980s, but when Steve Jobs insisted that the first iPhone have no buttons—making it almost unusable for blind people—it sparked faster and faster feature innovations, like haptic feedback, screen magnification, suppression of flashing content and hundreds more. There are so many, in fact, that Apple recently introduced App Store “Accessibility Nutrition Labels” to let users know how each app serves their specific disability.
“It makes good business sense to make technology that works for everyone—we mean everyone,” says Sarah Herrlinger, Apple’s top accessibility official. “Accessibility is some of the most creative work we do.”
Finance
Private equity firm will finance Harvard research lab, in possible template for future

A private equity firm has stepped in to finance a biological research lab at Harvard University, administrators said Monday, while also launching a biotech alongside it that will develop new therapies for metabolic conditions.
As Harvard grapples with severe financing cuts undertaken by the Trump administration, some university officials believe the unusual arrangement could be at least one model to fund other academic research in the future.
Under the deal announced Monday, İş Private Equity, a Turkish firm, has committed $39 million to a laboratory run by Gökhan Hotamışlıgil, a professor of genetics and metabolism at the T.H. Chan School of Public Health. The firm, which is a branch of Turkey’s İşbank Group, also plans to invest an undisclosed amount of money in any drug candidates that come out of Hotamışlıgil’s laboratory and are moved into a new biotech called Enlila.
It’s a relatively modest deal, in the scope of investment banking. But the collaboration provides much-needed capital at a time when the model for funding scientific research has been thrown into chaos.
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Finance
Kinatico Ltd’s (ASX:KYP) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Kinatico (ASX:KYP) has had a rough month with its share price down 7.7%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Kinatico’s ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder’s equity.
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The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity
So, based on the above formula, the ROE for Kinatico is:
3.2% = AU$840k ÷ AU$26m (Based on the trailing twelve months to December 2024).
The ‘return’ is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each A$1 of shareholders’ capital it has, the company made A$0.03 in profit.
See our latest analysis for Kinatico
So far, we’ve learned that ROE is a measure of a company’s profitability. We now need to evaluate how much profit the company reinvests or “retains” for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don’t necessarily bear these characteristics.
It is hard to argue that Kinatico’s ROE is much good in and of itself. Not just that, even compared to the industry average of 5.0%, the company’s ROE is entirely unremarkable. Despite this, surprisingly, Kinatico saw an exceptional 44% net income growth over the past five years. We reckon that there could be other factors at play here. Such as – high earnings retention or an efficient management in place.
Next, on comparing with the industry net income growth, we found that Kinatico’s growth is quite high when compared to the industry average growth of 24% in the same period, which is great to see.
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