Has the tech bubble burst?

Hello.

Are we witnessing the bursting of the tech bubble? Social media titans Meta and Twitter have axed thousands of jobs, including in Singapore.

Or could it be the end of cryptocurrency? The collapse of FTX has left investors with massive losses and proven crypto naysayers right, but tech leader Kenneth Bok thinks the future of decentralised finance is still bright.

All eyes were on China President Xi Jinping and US President Joe Biden at the G20 Summit for a status update of the world’s most important bilateral relationship. No one knows how long the thaw will last, but US and China want to talk, says RSIS’ Adrian Ang.

Biden’s Democratic Party outperformed expectations at the US midterm elections. But the Republican Party? It seems like it is headed for civil war now that Donald Trump wants another shot at being president, says strategist Steven Okun.

Finally, Malaysia heads to the polls on Saturday. No matter who forms the next government, Coface economists say they need a long-term economic plan. Improving the healthcare system also requires more than election pledges, says industry observer Loh Foon Fong.

We hope you enjoy the selection of commentaries this week.

Charlene Tan

Editor, Commentary

500,000 free air tickets won’t be enough to revive Hong Kong’s battered tourism sector

A city that has failed to persuade its own residents to stay will be hard-pressed to attract tourists, says Jacky Leung.

FTX collapse signals time for better financial innovation – just look at the digital Singdollar

The world’s two most important leaders have finally met. Will US-China ties improve?

What the rise of digital banks means for Singapore’s seniors

Singapore is ageing as fast as we are going digital. Are the newly launched digital banks backed by the likes of FairPrice and Singtel ready for our seniors?

While there seems to be a chill on the tech sector with news of job losses, a career in the tech industry can be a lucrative one. Can anyone make the switch easily? What kind of skills do you need? Do you have to be tech savvy? Our guest Janani Chandran, senior product and program manager for Rakuten Asia, gives practical tips.

In the wake of COVID-19, diabetes is the next health crisis that must be stopped

If we want to curb the global health emergency of diabetes, we need to prevent, detect and treat it early especially among young people, says Liz Henderson of Merck Healthcare.

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