InvestHK Bimonthly Newsletter: The regular InvestHK’s newsletter covers Hong Kong’s Financial Secretary John Tsang’s budget speech, as well as the expansion of the government fund Stratmeup HK to India. (more…)
WIRED UK: The government has announced its intention to apply anti-money laundering regulation to digital currency exchanges in the UK. It is hoped that regulation will not only prevent criminal use of digital currencies, such as Bitcoin, but support innovation. Regulation would be intended to ensure the environment was ready to allow digital currencies to flourish, while at the same time discouraging those who wanted to use digital currencies for illicit reasons.
TECHINASIA: Last week, the Singapore government issued new laws that will allow drivers to receive payments for carpools. The statute was completed on Monday, March 2, and reported by the Straits Times on Friday. According to the statute, car owners can accept monetary compensation for driving passengers, provided the driver does not accept hails on the street or in a parking lot. In addition, payment cannot exceed the cost of taking the passenger to his or her destination, which must be agreed upon before the ride begins. Drivers are also prohibited from making more than two rides a day.
WIRED: Businesses in the US are on a hiring spree, but jobs that require tech skills sit open—500,000 in all. It’s that gap that the Obama administration hopes to close with its new $100 million TechHire Initiative, announced by the president today. At its core, TechHire aims to convince local governments, businesses, and individuals that a four-year degree is no longer the only way to gain valuable tech skills.
COMPUTER WORLD: The Hong Kong government will be offering financial assistance to technology startups with its plan to set up a HK$50 million corporate venture fund. The amount is earmarked for companies located at the Hong Kong Science and Technology Park (HKSTP) and those that have participated in its incubation programs. (more…)