The news that the United States appears poised to dodge a government shutdown has undeniably injected a dose of optimism into an otherwise jittery financial landscape. A stopgap funding bill, seemingly on track to pass, has eased immediate fears of fiscal paralysis in Washington, offering markets a rare moment of relief.

Yet, beneath this surface-level calm, a deeper unease persists, fuelled by President Donald Trump’s escalating tariff war and its far-reaching implications. With threats of a staggering 200 per cent tariff on European wine, champagne, and other alcoholic beverages, alongside a refusal to roll back newly enacted steel and aluminium tariffs, the spectre of a broadening trade conflict looms large.

Against this backdrop, equity markets are reeling, safe-haven assets are surging, and the cryptocurrency sector is witnessing historic investments—all of which paint a complex picture of a world in flux.

Let’s start with the positive news: the avoidance of a US government shutdown. For weeks, investors had braced for the possibility of a budgetary stalemate, a scenario that could have disrupted government operations, delayed payments, and rattled confidence in an already fragile economy. The stopgap funding bill, while not a long-term fix, buys time and signals that lawmakers can still find common ground when push comes to shove.

This development has buoyed global risk sentiment, as evidenced by a modest uptick in US equity index futures, which suggest stocks could open 0.8 per cent higher. It’s a small but meaningful reprieve, a reminder that political gridlock doesn’t always translate into economic disaster. For a moment, the focus shifts away from Washington’s dysfunction and back to the broader forces shaping the global economy.

But that relief is tempered by a much larger concern: the intensifying trade war spearheaded by President Trump. His latest salvo—a threatened 200 per cent tariff on European alcoholic beverages—has sent shockwaves through markets already grappling with the fallout from earlier tariff hikes.

This isn’t just about wine and champagne; it’s a signal of Trump’s unrelenting commitment to a protectionist agenda, one that’s now ensnaring Europe in addition to long-standing targets like China, Canada, and Mexico. Add to that his decision to stand firm on steel and aluminum tariffs, which took effect this week, and you have a recipe for heightened uncertainty.

These moves threaten to upend supply chains, inflate consumer prices, and strain diplomatic ties at a time when global growth is already slowing. The US, as the world’s largest economy, doesn’t operate in a vacuum—its policies ripple outward, and right now, those ripples feel more like tidal waves.

Also Read: How the Moon is becoming the next billion-dollar market

The equity markets tell the story of this unease. The MSCI US index, a broad measure of American stocks, has tumbled 1.5 per cent in its latest session, pushing its three-week decline past 10 per cent. This isn’t a mere correction; it’s a rout, a reflection of investor fears that Trump’s tariff policies could tip the US into a recession. Defensive sectors like utilities, up 0.3 per cent, are outperforming as investors flee riskier assets, a classic flight-to-safety move.

Meanwhile, Europe and China are emerging as unexpected bright spots. European equities, despite the looming tariff threat, are holding up better than their US counterparts, perhaps because investors see them as undervalued after years of underperformance.

China, too, offers compelling opportunities, with its markets buoyed by stimulus measures and a relative insulation from direct US consumer spending pressures. It’s a stark contrast to the plummeting US shares, which have fallen sharply from their record highs just weeks ago.

Bond markets are flashing their own warning signs. US Treasury yields have dipped, with the 10-year yield dropping 4.4 basis points to 4.27 per cent and the 2-year yield falling 2.9 basis points to 3.96 per cent. Falling yields signal a rush to safety, as investors pile into government debt amid fears of economic slowdown. The US Dollar index, up a modest 0.2 per cent, is consolidating after recent losses, suggesting currency markets are in a wait-and-see mode.

Gold, however, is stealing the show, climbing 1.9 per cent and inching closer to the US$3,000-per-ounce mark. This surge underscores its role as a haven asset in times of turmoil, a trend amplified by the trade war’s erosion of confidence in traditional growth drivers.

Brent crude, on the other hand, is sliding—down 1.5 per cent to around US$70 per barrel—as fears of reduced oil demand in a trade-constrained world take hold. Asian equities, meanwhile, are mixed, reflecting the region’s uneven exposure to US policies and its own domestic dynamics.

Also Read: When tariffs danced with Bitcoin and markets held their breath

Amid this traditional market turbulence, the cryptocurrency sector is carving out a narrative of its own. Binance, one of the world’s leading crypto exchanges, has just secured a jaw-dropping US$2 billion investment from MGX, an Abu Dhabi-based firm. This deal isn’t just big—it’s historic, surpassing FTX’s US$1 billion raise in 2021 and marking the largest single investment ever in a crypto company.

Paid in stablecoin, no less, it’s a bold statement about the maturation of digital assets as a legitimate investment class. Binance CEO Richard Teng called it a “significant milestone,” and he’s not wrong. At a time when equities are faltering and trade wars are sowing chaos, crypto is positioning itself as a frontier of opportunity, one that thrives on disruption. The investment will likely fuel Binance’s expansion, bolster its compliance efforts, and strengthen its appeal to institutional players—a sign that the crypto ecosystem is growing up fast.

Not to be outdone, Crypto.com is making waves of its own with a strategic partnership in the UAE. Teaming up with Tawasal Al Khaleej, a tech and AI powerhouse, Crypto.com is set to integrate its trading platform into Tawasal’s Superapp, reaching nearly four million users across the Middle East. This two-phase rollout—starting with referrals and expanding into deeper tech integration—underscores the UAE’s emergence as a hub for digital finance.

Eric Anziani, Crypto.com’s President and COO, hailed the deal as a model for how crypto can merge with mainstream tech ecosystems, driving adoption and innovation. It’s a savvy move, one that capitalises on the region’s forward-thinking regulatory stance and growing appetite for digital assets.

But the crypto market isn’t immune to the broader storm. Bitcoin, the bellwether of the space, has been on a wild ride, flirting with US$80,000 before pulling back as Trump’s tariff threats weigh on sentiment. The broader crypto market has shed US$1 trillion in value over the past month, a stark reminder that even this nascent asset class isn’t decoupled from global macro forces.

The initial hype around Trump’s pro-crypto rhetoric—fueled by his campaign promises to embrace blockchain—has faded as the reality of his trade policies sinks in. BlackRock CEO Larry Fink’s recent comments hit the nail on the head: nationalism, while appealing to some, could stoke inflation, a dynamic that could squeeze both traditional and digital markets. For now, Bitcoin and its peers are caught in the crossfire, their volatility a mirror to the uncertainty gripping the world.

The Ethereum spot ETF market offers another lens into this turbulence. Data from SoSoValue shows a net outflow of US$73.6 million from these funds on March 13, with Grayscale’s Ethereum Trust (ETHE) bleeding US$41.7 million and its Mini Trust losing US$5.2 million. VanEck’s ETF, by contrast, saw a modest US$1.4 million inflow, a rare bright spot.

With a total net asset value of US$6.5 billion and a cumulative historical inflow of US$2.6 billion, Ethereum ETFs remain a significant player, but the outflows signal investor caution. The trade war’s shadow, coupled with inflationary fears, is prompting a rethink of risk exposure, even in the crypto space.

So where does this leave us? From my vantage point, the global economy is at a crossroads. The averted shutdown is a win, no doubt, but it’s a fleeting one against the backdrop of Trump’s tariff escalation. Markets are nervous, and rightly so—protectionism rarely ends well, as history’s Smoot-Hawley debacle reminds us.

Yet amid the chaos, opportunities are emerging, from undervalued equities in Europe and China to the crypto sector’s bold strides. Gold’s rally and crypto’s resilience suggest investors are hedging their bets, seeking refuge in assets that might weather the storm.

The post A shifting global landscape: Trade wars, market sentiment, and the rise of crypto amid uncertainty appeared first on e27.

Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the ninth edition of its Elevator Pitch International Competition (EPIC 2025), offering a significantly increased targeted investment pool of US$100 million for winning startups.

This figure marks a doubling of the investment amount from the previous year.

Applications are now open globally until 17 June, offering a chance for startups to present a crucial 60-second pitch at the Grand Finale in Hong Kong this November.

EPIC 2025 introduces two new technology tracks: Digital healthtech and greentech, alongside the existing fintech track. This expansion aims to empower innovators developing solutions to address pressing global challenges.

In addition to the potential investment, winning teams will also compete for a US$240,000 cash prize.

Also Read: HKSTP’s Derek Chim on the four skills required for startups to thrive in Hong Kong

The Grand Finale of EPIC 2025 will take place from 3 to 7 November at Kai Tak Cruise Terminal in Hong Kong, forming the culmination of EPIC Week. Mid- to late-stage startups under 10 years old focusing on digital health tech, fintech, or greentech are eligible to apply.

A key requirement for participation is that these businesses must be registered and have plans to expand their Research and Development (R&D) or operations to Hong Kong and/or the Greater Bay Area (GBA).

Albert Wong, CEO of HKSTP, said: “Hong Kong is at the forefront of global innovation, where we engage entrepreneurs in addressing the imperative, and EPIC being the origin of many world-first technologies, HKSTP will continue offering haven for startup resources to intersect, and invites like-minded partners to join us on the transformative journey.”

Building on the momentum of EPIC 2024, which saw 603 entries from 47 economies, this year’s competition aims for even greater reach. In July, startups will participate in online regional pitches across North America, Europe, and the Asia-Pacific (APAC) region. Finalists will proceed to Hong Kong for EPIC Week and the Grand Finale in November.

EPIC Week will feature a series of events leading up to the Grand Finale, including business and investment matching sessions, networking opportunities, and industry tours, providing startups with deeper insights into Hong Kong’s innovation and technology (I&T) ecosystem.

A tech spotlight will offer selected startups an exclusive platform to present their solutions directly to investors and corporate leaders, facilitating immediate feedback and potential collaborations.

Furthermore, GBA exploration sessions and guided visits will focus on unlocking business opportunities within the rapidly growing Greater Bay Area.

Also Read: German Li-ion battery recycling startup tozero wins EPiC 2024 in Hong Kong

Established in 2001, HKSTP develops a thriving I&T ecosystem in Hong Kong. To date, it has nurtured 14 unicorns and supports over 2,200 technology companies. HKSTP offers comprehensive support to attract and nurture talent and accelerate and commercialise innovation, with key locations including Hong Kong Science Park, InnoCentre, and three InnoParks.

Interested startups can find more information and apply for EPIC 2025 on the official website.

The application deadline is 17 June 2025, at 23:59 (GMT +8).

In 2024, tozero, a lithium-ion recycling startup based in Germany, won the Elevator Pitch Competition (EPIC). The Munich-headquartered startup received 1.1 million Asia Miles (a loyalty and frequent-flyer programme run by airline operator Cathay Pacific) and a cash prize of US$90,000, in addition to investor exposure and partnership opportunities.

The post HKSTP’s EPIC 2025 competition raises the stakes with US$100M for global startups appeared first on e27.

Docquity, a healthcare professional (HCP) network in Southeast Asia, has announced a new partnership with RSUD Umar Wirahadikusumah Sumedang in West Java, Indonesia. This collaboration integrates Dx, Docquity’s AI-powered medical resource platform, into the hospital’s medical reference system, offering doctors quick access to credible research and enhancing clinical decision-making.

Docquity’s partnership with RSUD Umar Wirahadikusumah Sumedang is part of its broader mission to improve healthcare decision-making through technology. According to Amit Vithal, Co-Founder and Chief of Growth at Docquity, this collaboration enables HCPs to retrieve evidence-based medical insights efficiently, reducing the time spent searching for reliable references.

“The integration of Dx into the hospital’s system ensures that doctors have seamless access to up-to-date clinical knowledge, improving efficiency and supporting better patient outcomes,” said Vithal in an email interview with e27.

The partnership also serves as a real-world testing ground for refining Dx’s usability in a hospital environment and aligning it with Indonesia’s healthcare landscape.

Dx is designed to function as an AI-powered medical resource assistant, offering doctors in Indonesia instant access to clinical knowledge from trusted sources such as PubMed and international guidelines. One of its key advantages is its ability to tailor insights to local medical practices, ensuring that the information provided is both globally authoritative and regionally relevant.

“Dx is being developed to support doctors with region-specific guidelines and a high degree of localisation,” Vithal explained. “Our aim is to make high-quality medical knowledge more accessible, particularly for general practitioners and specialists who require quick decision support.”

Also Read: Bridging healthcare and cybersecurity: How women are challenging stereotypes in tech

Addressing Indonesia’s healthcare challenges

Indonesia’s healthcare system faces significant challenges, particularly in terms of workforce shortages. With a doctor-to-population ratio of 0.6 per 1,000—well below the World Health Organization’s recommended 1:1,000 and lower than neighbouring countries such as Thailand (0.95) and Malaysia (2.2)—doctors are often under pressure, especially in rural areas where access to up-to-date medical references is limited.

Dx is designed to help bridge this gap by providing instant, evidence-based clinical knowledge, allowing doctors to make faster and more informed decisions.

“As Indonesia works towards improving its doctor-to-population ratio, Dx can enhance efficiency, improve access to reliable medical information, and support better patient care nationwide,” Vithal said.

AI plays a crucial role in making medical information more accessible and accurate. Dx processes vast amounts of medical data and presents only the most relevant insights in a concise format. Docquity ensures reliability by sourcing information from credible databases such as PubMed and official medical guidelines.

“Adapting Dx for Indonesia involves improving language support, contextualising content for local clinical practices, and ensuring alignment with national medical guidelines,” Vithal noted. “Additionally, we prioritise transparency, allowing doctors to trace the sources of information Dx provides.”

Since its implementation at RSUD Umar Wirahadikusumah Sumedang, Dx has received a positive response from healthcare professionals. Doctors have highlighted how much easier it is to use Dx compared to previous tools, with its intuitive interface and seamless integration into hospital workflows being key advantages.

“The feedback from doctors has been overwhelmingly positive, as they find Dx significantly more efficient in accessing crucial medical references,” Vithal stated.

Also Read: Empowering women in healthtech: The role of technology in driving inclusive workplaces

Future expansion plans across Indonesia and Southeast Asia

Indonesia remains a priority market for Docquity, and the company plans to expand Dx’s adoption by collaborating with hospitals, medical associations, and government stakeholders. “Our strategy includes integrating Dx into hospital workflows, working on medical education initiatives, and ensuring the AI aligns with national healthcare priorities,” Vithal explained.

Beyond hospitals, Docquity is also looking at ways to make Dx more accessible to private practitioners, broadening its impact across Indonesia’s healthcare ecosystem. The company envisions AI-powered solutions like Dx playing an increasing role in improving medical knowledge accessibility throughout Southeast Asia.

As AI continues to evolve, its role in medical education and clinical decision support is expected to grow. Docquity sees AI as an essential tool for enhancing, not replacing, human judgment.

“With Dx, our vision is to empower doctors with AI-driven insights that complement their expertise, making continuous learning and evidence-based practice more seamless,” Vithal said. “AI can help doctors stay updated with medical advancements while allowing them to focus on patient care.”

—

Image Credit: Docquity

The post Docquity expands AI-powered medical reference platform in Indonesia through hospital partnership appeared first on e27.

Athanasius Pang’s career trajectory is anything but conventional.

Once a police officer in Singapore’s elite force, Pang was part of exclusive security teams safeguarding dignitaries, including the late Prime Minister Lee Kuan Yew. But at 31, he made a life-altering decision—leaving behind his established career to pursue entrepreneurship. His journey serves as an inspiration to aspiring startup founders.

“Working in Singapore’s elite police force was a transformative experience that taught me resilience,” Pang tells e27. “The high-pressure situations and constant need for quick decision-making honed my ability to stay calm under pressure and adapt to unexpected circumstances. I call it ‘finding peace among chaos’.”

This philosophy would later become his guiding principle—one he now instils in the children he teaches at his entrepreneurial venture, Dip Swim.

The struggles of building a business from scratch

While Dip Swim has gained recognition in Singapore, Pang’s transition from a structured career to the unpredictable world of entrepreneurship was anything but smooth.

“Despite my professional success, I made the bold decision to leave everything behind at 31 to launch Trivox Global Security Group,” he shares. “But building credibility and securing clients from scratch was far more challenging than I had expected. I thought my achievements in service would set me apart—but in business, ‘wow’ doesn’t always convert to dollars and cents. That’s when you truly realise—you’ve been high only when you hit rock bottom.”

Also Read: How the son of a humble watch repairer became the owner of a multi-million dollar realty tech startup

With scarce resources, stiff competition, and global scrutiny on this “little company from the little red dot,” Pang found inspiration in Lee Kuan Yew’s approach to nation-building—staying flexible, adaptable, and maintaining a relentless ‘never-say-die’ attitude.

To keep up with the digital era, he pivoted into security technology within two months, attending events like the China Public Security Association to share insights on international security. This adaptability helped Trivox Global Security Group gain a foothold in multiple markets.

The COVID-19 crisis: A breaking point

Then came COVID-19—a crisis that severely impacted businesses across Singapore. The closure of facilities and restrictions on gatherings devastated Trivox Global’s operations. Unlike other companies that could transition online, a security firm had no such luxury.

Revenue dried up, financial strain mounted, and Pang’s mental health suffered. He found himself at his lowest point, struggling with thoughts of suicide.

Personal hardships compounded the situation. At 37, he went through a divorce, and his two children grew distant, harbouring resentment. His ex-wife’s demands for financial support added to his stress. Forced to move back in with his parents, Pang faced one of the darkest periods of his life.

Hitting rock bottom and rising again

Years passed. At 44, he faced another devastating low—unable to secure a job due to being deemed “overqualified,” burdened by mounting debts, and once again contemplating ending his life.

But this time, he chose to fight.

Drawing strength from his past experiences, Pang channelled his skills, resilience, and leadership into a new venture—Dip Swim.

Dip Swim: A vision beyond swimming

Founded in Singapore, Dip Swim is more than just a swimming school—it’s a holistic development platform that fosters mental resilience, emotional strength, and character-building in children.

• Offering a turn-key swim programme, Dip Swim provides:
• On-site swim camps
• Personalised swimwear, apparel, gifts, and accessories
• Pool party organisation and boat rentals
• Catering for swimming-related events

The agency specialises in water survival training for infants and toddlers, equipping them with life-saving skills while nurturing their confidence both in and out of the water.

A unique training philosophy

Unlike conventional swimming schools, Dip Swim follows an innovative and personalised approach, tailoring its training to each aspirant’s:

• Physique and stamina
• Water confidence and past experiences
• Emotional reliance and mental resilience
• Behavioural traits and character development
• The startup also offers professional swim coaching courses for those looking to become certified instructors.

“I wanted to create a nurturing environment where children feel valued, cared for, and emotionally secure,” Pang explains. “Our swim training methodology prioritises character, behaviour, and emotional well-being alongside swimming skills.”

Beyond swimming: Building resilience for life

Dip Swim goes beyond just teaching children how to swim—it incorporates resilience and emotional strength training, fostering self-belief and perseverance.

Also Read: Retrenched and dejected, this entrepreneur proved that a lot can happen over coffee

“One core philosophy at Dip Swim is teaching water survival skills without relying on floaties or artificial aids,” Pang shares. “This realism-based training encourages children to engage with water naturally, fostering problem-solving skills and emotional resilience.”

Looking ahead: Expanding the vision

Pang envisions a future where Dip Swim continues to integrate social and emotional learning into its programmes. He plans to expand offerings to include:

• Aquatic programmes for pre-natal and post-natal mothers
• Specialised training for older adults
• A mobile app for tracking progress and providing personalised feedback

To create a truly holistic approach to child development, Dip Swim also seeks collaborations with experts in child psychology, nutrition, and physical fitness.

A legacy of resilience and giving back

Athanasius Pang’s journey—from a Singapore elite police officer to an entrepreneur shaping young lives—is a testament to resilience, adaptability, and an unwavering commitment to nurturing the next generation.

His advice to aspiring entrepreneurs and changemakers?

“Focus on giving, not taking, and always prioritise doing the right thing.”

The post How a former Singapore police officer turned life’s hardest lessons into a swim academy appeared first on e27.

The situation today feels like a high-stakes chess game, with each move—whether it’s a tariff imposition or a central bank decision—shifting the balance of power and sentiment. The escalation of trade tensions, sparked by the US’s imposition of 25 per cent tariffs on all steel and aluminium imports effective March 12, 2025, has sent shockwaves through global risk sentiment, and it’s a story worth unpacking in detail.

Let me offer my perspective on what’s happening, grounded in the facts and data at hand, and explore what this means for markets, economies, and even the average person watching from the sidelines.

The US tariffs, which hit the ground running yesterday, mark a bold escalation in President Donald Trump’s trade agenda. This isn’t a new playbook—during his first term, Trump levied similar duties on steel and aluminium in 2018, only to later exempt Canada and Mexico in 2019 after negotiations.

This time, though, the scope feels broader and the rhetoric sharper. The immediate retaliation from the European Union, with plans for tariffs on €26 billion (US$28.3 billion) of American goods, and Canada’s counterpunch of US$21 billion in tariffs on US exports, signal that trading partners aren’t backing down.

This tit-for-tat dynamic is classic trade war territory, and it’s injecting a heavy dose of uncertainty into an already fragile global risk sentiment. From my vantage point, it’s clear that markets are wrestling with two competing forces: the fear of economic disruption and the hope that cooler heads—or at least softer data—might prevail.

Take the US February CPI data released yesterday, for instance. It came in at +0.2 per cent month-on-month and 3.1 per cent year-on-year, undercutting expectations of 0.3 per cent and 3.2 per cent, respectively. The softer print, driven largely by weaker services inflation, was a sigh of relief for investors who’ve been jittery about stagflation—a toxic mix of stagnant growth and rising prices.

In a world where Trump’s tariffs could easily stoke inflation by driving up the cost of imported goods, this data offered a counter-narrative: maybe price pressures aren’t as relentless as feared. The market reaction was telling. The S&P 500 climbed 0.5 per cent, buoyed by mega-cap tech stocks that have become the darlings of this volatile era, while the Nasdaq jumped 1.2 per cent.

The VIX, often dubbed Wall Street’s “fear index,” slid to 24.23 from 26.92, marking its second day of easing. It’s not a full-on celebration—24.23 is still elevated compared to calmer times—but it’s a sign that the CPI data gave risk sentiment a much-needed lift.

Yet, beneath the surface, the bond market told a slightly different story. The 10-year US Treasury yield ticked up 3.3 basis points to 4.312 per cent, while the 2-year yield rose more sharply by 4.3 basis points to 3.987 per cent. This narrowed the yield spread between the two to 32.6 basis points, a subtle shift that hints at shifting expectations about growth and inflation.

Also Read: Looking for the next Shou Zi Chew: Moulding Singaporeans into global firm CEOs

Typically, a narrower spread can signal concerns about economic slowdown, but in this case, it might also reflect a market pricing in the Fed’s likely pause on rate cuts. The softer CPI didn’t dismantle the narrative of a patient Federal Reserve, which has been signaling it’s in no rush to ease policy further unless growth takes a serious hit. For now, the Fed seems content to let the data guide its hand, and investors are hanging on every number.

Across the Atlantic, Europe’s response to the tariff saga has been a mix of resilience and defiance. The DAX surged 1.6 per cent, leading a broader recovery in European indices that had been battered by tariff fears earlier this week. It’s a fascinating contrast: while the EU is gearing up to hit back at the US, its markets are finding some footing, perhaps buoyed by the US inflation reprieve and a sense that trade fragmentation, while disruptive, isn’t an immediate death knell.

ECB President Christine Lagarde’s comments yesterday added another layer to this narrative. She warned that large shocks—like these tariffs—could amplify inflationary risks and lead to “more disruptive relative price changes.” It’s a sober reminder that Europe isn’t just a bystander in this trade war; it’s a player with its own vulnerabilities, especially given its export-driven economies like Germany.

Meanwhile, in Canada, the Bank of Canada (BoC) made its move, trimming its key policy rate by 25 basis points to 2.75 per cent, right on cue with market expectations. But the tone from the BoC was anything but routine. Governor Tiff Macklem didn’t mince words, cautioning about “a new crisis” as the central bank braces for the fallout from US tariffs. Canada, which sends about 75 per cent of its exports to the US, is uniquely exposed here.

Steel and aluminium tariffs could hammer its industrial sector, and the ripple effects—think weaker growth, a softer loonie, and higher import costs—could test the BoC’s resolve. From my perspective, this rate cut feels like a preemptive strike, a way to cushion the economy against what’s coming. But Macklem’s crisis talk suggests the bank knows it might need to do more if the trade war digs in.

Also Read: GlobalData acquires AI Palette to strengthen AI-driven consumer insights in CPG

Then there’s the crypto angle, which adds a wild card to this already complex picture. Bitcoin climbed 1.8 per cent to US$83,511.6 early today, catching a tailwind from Wall Street’s overnight rebound. It’s a modest recovery from its weakest levels this year, but the bigger story is what’s holding it back: recession fears and trade war jitters. Trump’s tariffs, now in effect, and his promise of reciprocal duties by April 2—potentially targeting Europe with even higher rates—keep markets on edge.

The idea that these policies could choke global trade, juice US inflation, and tip the economy into recession isn’t just theoretical; it’s a scenario traders are pricing in. Trump and his team have brushed off these concerns, framing any turbulence as a necessary growing pain for their agenda. But their flip-flopping—like granting Canada and Mexico a temporary reprieve on some tariffs—only fuels the uncertainty.

Ethereum’s story is even bleaker. The ETH/BTC pair, which measures Ether’s strength against Bitcoin, slumped over 1.5 per cent to 0.022, its lowest since May 2020. That’s part of a brutal multi-year slide—down more than 85 per cent from its 2017 peak of 0.156. The two-week ETH/BTC chart shows the relative strength index (RSI) at a record low of 23.32, deep in oversold territory.

Normally, an RSI below 30 hints at a potential bounce, but Ether’s relentless decline suggests the downtrend has legs. As a journalist, I see this as a microcosm of broader market dynamics: risk assets, even speculative ones like crypto, are struggling to find solid ground amid all this noise.

Stepping back, what strikes me most is the interplay between fear and hope in these markets. The US tariffs are a tangible threat—steel and aluminium prices could spike 10-20 per cent based on 2018 precedent, jacking up costs for everything from cars to construction. Jobs might tick up in those sectors, but downstream industries could bleed positions as costs rise.

Canada’s retaliation, targeting US$21 billion in US goods, and the EU’s US$28.3 billion counterstrike, amplify the stakes. Yet, the softer US CPI and the Fed’s steady hand offer a counterweight, a glimmer that maybe this won’t spiral into chaos. Gold’s 0.6 per cent uptick reflects safe-haven buying, but Brent crude’s 2 per cent jump on gasoline demand shows there’s still some economic pulse out there.

We’re in a precarious moment. Global risk sentiment is fragile because it’s caught between real economic risks and the faint hope of stabilisation. Trump’s tariffs could be a negotiating tactic—he’s hinted at flexibility before—but if they stick, the damage could be profound. Central banks like the BoC and ECB are on high alert, ready to adapt, but their tools might not be enough if trade fragmentation deepens. For investors, it’s a tightrope walk: chase the rallies in tech or hunker down with gold and bonds.

The post Global markets in flux: Tariffs stir the pot, CPI cools the heat appeared first on e27.

The artificial intelligence (AI) startup landscape is evolving at an unprecedented pace. Founders must contend with the challenge of securing essential resources—such as GPUs and cloud infrastructure—while simultaneously navigating complex funding cycles. In response, Antler has launched AI Disrupt, a programme designed to provide startups with capital, resources, and mentorship in a fast-moving AI market.

“The difference between being first and being late isn’t measured in years—it’s months, sometimes even weeks,” said Ryan Thoo, Vice President of Marketing (SEA) at Antler, in an email interview with e27. “Traditional venture funding cycles don’t move fast enough for AI startups that need to ship, scale, and secure capital in parallel.”

AI Disrupt is structured as a four-week sprint that aims to remove barriers for AI founders. Startups receive US$400,000 in pre-seed funding, along with AI perks valued at over US$650,000 from OpenAI, Nvidia, Nebius, and others. The programme also includes deep technical and commercial mentorship, enabling founders to accelerate development and gain a competitive edge.

Startups accepted into AI Disrupt gain access to a suite of AI resources, including GPU, compute, and cloud credits. Partners such as Nvidia, OpenAI, Google’s Gemini, AWS, and GitHub provide infrastructure support to help founders train models, optimise performance, and deploy AI-driven solutions at scale.

“These perks ensure that founders can move faster, iterate efficiently, and focus on achieving product-market fit,” Thoo explained.

Impact in four weeks

Despite its short duration, AI Disrupt is structured to deliver a substantial impact. “It’s a high-intensity, execution-focused sprint,” said Thoo. The programme integrates hands-on mentorship with AI pioneers, strategic investor access, and tactical execution sessions.

Also Read: Elevarm nets US$4.25M to boost smallholder horticulture farmers with AI, sustainable agri-inputs

Founders receive real-time feedback on their product and business model, ensuring they can iterate rapidly. Moreover, peer collaboration within a highly selective cohort fosters innovation and problem-solving. Even after the programme ends, Antler supports invested teams with mentoring, fundraising guidance, and access to its global network.

While AI experience is beneficial, it is not a strict requirement for AI Disrupt applicants. “What matters most is deep technical capability, sharp commercial instincts, and an obsession with solving hard problems using AI,” Thoo noted.

Antler evaluates applicants based on four key qualities:
– Market insight and problem-solving approach
– Technical product execution ability
– Speed and relentless execution
– Ambition and industry-reshaping potential

To qualify, startups must have a working minimum viable product (MVP) and user validation.

Staying ahead in a fast-changing industry

Given AI’s rapid evolution, staying ahead of trends and regulations is crucial. AI Disrupt connects founders with industry experts to provide real-time insights into model optimisation, compute efficiency, and AI commercialisation.

The programme also embeds founders within a network of investors, enterprise partners, and policymakers who offer guidance on compliance, data privacy, and governance frameworks. “The AI regulatory landscape is still evolving, and startups that fail to anticipate changes risk being blocked from major markets,” said Thoo.

Among its portfolio companies, Lovable stands out as an AI-powered full-stack engineer who achieved US$4 million in annual recurring revenue within four weeks of launch.

Also Read: Shoppable bags US$1.16M to tackle supply chain inefficiencies in Philippines using AI

FileAI, another Antler-backed startup, specialises in AI-driven financial data automation. The company leverages AI to streamline financial data processing for businesses across Southeast Asia. Meanwhile, Xailient has developed ultra-efficient AI vision models for real-time edge computing, enabling low-latency, privacy-first applications across industries such as security and retail.

Antler’s portfolio also includes Trust AI, JigsawStack, Persona Studios, Clout Kitchen, and Bootloader.

“While we anticipate supporting a decent number of exceptional founders, our focus is on providing tailored mentorship, substantial funding, and access to a robust AI ecosystem,” Thoo said.

—

Image Credit: Antler

The post Antler introduces pre-seed programme AI Disrupt in response to fast-moving market appeared first on e27.

Meta is proud to partner with the Singapore Government to launch the Llama Incubator Program – a first for Meta in APAC – designed to build capabilities and drive innovation on open-source AI among startups, local SMEs, and public sector agencies in Singapore.

Collaborating with the Ministry of Digital Development & Information (MDDI), InfoComm Media Development Authority (IMDA), Government Technology Agency of Singapore (GovTech), Digital Industry Singapore (DISG), Enterprise Singapore (EnterpriseSG), AI Singapore, and SGInnovate, along with programme and technical partners e27 and Deloitte, Meta is adopting an ecosystem approach for this programme. By leveraging Meta’s cutting-edge open-source model, Llama, 100 participating organisations will receive multi-faceted support to develop innovative solutions, and 40 will be incubated to address real-world challenges and enhance efficiencies for both businesses and the public sector.

To mark the launch of the programme, Meta hosted a Foundational Workshop on the potential of Llama, Meta’s open-source AI, and its built-in trust and safety tools. The workshop, which drew over 100 attendees, featured a special keynote address from the Guest-of-Honour, Dr. Janil Puthucheary, Senior Minister of State for Digital Development and Information & Health.

Speaking at the launch, Simon Milner, Meta’s VP of Public Policy for APAC, said, “The Llama Incubator Program will play an important role in driving AI and innovation among business and the public sector in Singapore. It strategically aligns with the Singapore government’s AI vision under Smart Nation 2.0, which also aims to empower local small businesses and attract innovative startups to build and innovate.”

The Llama Incubator Program is designed to build capabilities and drive innovation on open-source AI among startups, enterprises and public sector agencies in Singapore. Over the course of six months, each participant will receive dedicated technical and business mentorship from industry experts, providing tailored advice and feedback. Participants will also gain access to technical resources, enabling them to further develop and refine their Llama use cases.

Speaking about the program, Philbert Gomez, Executive Director of DISG said: “Meta’s Llama Incubator Program empowers startups and Singapore-based corporates to leverage LLaMa models and expert mentorship to build Al solutions for real-world impact. Along with Meta’s product engineering presence based here, programmes like this continue to drive AI talent and capability development in Singapore, reinforcing Singapore’s ambition to be a leading hub for Al Innovation in the region.”

Also Read: Navigating the evolving landscape of blockchain regulation in the metaverse era

AI safety will be a key thrust of the programme, and participants will learn about Llama trust and safety tools as well as IMDA’s safety testing framework and AI Verify’s open-source testing toolkit, Project Moonshot.

“The Llama Incubator Program is an excellent platform for the Public Service to customise AI solutions for its specific needs. The government track provides public officers with the opportunity to collaborate with industry partners in developing innovative AI-driven solutions. GovTech looks forward to collaborating with Meta on this initiative,” said Goh Wei Boon, Chief Executive of Government Technology Agency.

Meta has been supporting AI innovation globally through various initiatives. The Llama Incubator Program exemplifies the transformative power of open-source AI in uniting diverse stakeholders to address complex strategic challenges across multiple sectors. By developing meaningful AI use cases, this program aims to create a significant impact in Singapore and inspire the broader region and beyond.

“By democratising access to open-source AI, we’re unlocking a brighter future where powerful tools are within reach of everyone, empowering innovators to create solutions that serve humanity and drive meaningful progress. This approach not only fosters transparency, safety, and accountability but also levels the playing field for underrepresented groups, startups, and researchers, ensuring that the benefits of AI are equitably distributed and its potential is fully realised,” added Simon.

The Llama Incubator Program, a part of our Upskill with Meta initiative in Singapore, will culminate in a Demo Day in October 2025. On this day, participants will showcase their Llama solutions and demonstrate how they can effectively address real-world challenges and drive efficiencies for business and the public sector.

—

Image Credit: Meta

The post Meta and the Government of Singapore launch Llama Incubator Program appeared first on e27.

Singapore has been at the forefront of digital transformation since the launch of its visionary Smart Nation initiative in 2014. A decade later, in 2024, Prime Minister Lawrence Wong unveiled Smart Nation 2.0, a refreshed vision that builds upon the successes of the first phase while adapting to the rapidly evolving digital landscape. This commitment was further reinforced in the latest Budget 2025, which introduced new measures such as the SG$150 million Enterprise Compute Initiative to accelerate digital adoption and strengthen Singapore’s position as a tech hub.

Singapore’s Smart Nation 2.0 is built on a vision of trust, growth, and community. It aims to address emerging challenges such as artificial intelligence adoption, online safety, and the need for a more resilient digital infrastructure while fostering a healthy and collaborative technological environment for citizens.

Yet, at its core, a successful Smart Nation is not solely about digital transformation. The heart of it is to deliver seamless, citizen-centric experiences that anticipate and meet individual needs. 

A truly smart and efficient government should not merely offer online services. It should provide intuitive, accessible, and personalised experiences that empower citizens at every touchpoint. This means removing friction, making information discoverable, and ensuring inclusivity for all segments of society. Adobe’s latest Digital Government Index (DGI) for Singapore reveals that while the nation continues to lead in digital innovation, there are opportunities to bridge existing gaps — especially in personalisation, accessibility, and performance optimisation.

Setting the benchmark: Singapore’s digital government strengths

Singapore’s commitment to digital excellence is evident. With 99 per cent of public services online and customer experience (CX) scoring highest at 70.4 on the Index, the country remains at the forefront of citizen-first digital service delivery. Platforms like Singpass and LifeSG streamline access to essential services, offering an integrated and convenient user experience.

This year’s 11 per cent increase in digital equity to a score of 62.2 also reflects strong government efforts to enhance inclusivity, particularly through initiatives like the Digital for Life Movement and Co-Creation Labs, which focus on empowering seniors and persons with disabilities. These efforts demonstrate that Singapore is heading towards the right direction, with an understanding that a successful digital government is also about ensuring that no one is left behind.

The next frontier: Personalisation as a pillar of citizen engagement

A government that truly serves its people must recognise and respond to individual needs. Today, citizens expect interactions that are not just digital, but also personalised. Whether it’s pre-filled forms, proactive service recommendations, or tailored content based on life stages, having customised touchpoints has become an increasing priority for citizens.

Also Read: Adobe’s APJ Digital Trends Report 2024: The rise of generative AI

While some agencies, like the Central Provident Fund Board (CPFB), have successfully deployed personalised citizen dashboards and predictive tools with Adobe Experience Cloud, there is always room for greater consistency in personalisation across government services. As Singapore advances its Smart Nation 2.0 vision, enhancing digital experiences to be more tailored and user-centric will further strengthen citizen engagement and service adoption.

Governments that fail to deliver tailored experiences risk creating inefficiencies, increasing citizen frustration, and diminishing trust in public digital services.

Bridging the gaps: Leveraging AI for an inclusive digital future

Another area for improvement is in site performance, which declined by 8 per cent. Mobile experiences are still 40 per cent slower than desktop, and readability registered as a score of 48 on the Flesch-Kincaid scale, indicating a text that is considered fairly difficult to read. These issues could potentially undermine accessibility and digital inclusion, and addressing them will help ensure that all users, including lower-literacy individuals and non-English speakers, can fully engage with digital services in Singapore’s diverse, multiracial context. 

This is where emerging technologies like AI can be game changers. By embedding AI-powered content personalisation, multilingual translation, and smart automation, Singapore can deliver hyper-personalised citizen experiences at scale. These can manifest in the form of AI-driven chatbots, voice assistants, and predictive service recommendations that can proactively guide citizens through their digital interactions, reducing friction and improving service efficiency.

Furthermore, enhancing site health and authority through AI-driven search optimisation and content verification will ensure accurate, trusted, and easily discoverable government information. This is an essential step in a search ecosystem that is becoming increasingly AI-driven with the advent of ChatGPT, DeepSeek and other AI search tools.

The hallmarks of a smart and efficient digital government

Digital transformation isn’t just about lines of code; it’s about the lines of connection between government and citizen. The success of Singapore’s Smart Nation 2.0 hinges on ensuring every citizen’s journey is uniquely tailored, making services accessible to all, and leveraging AI to scale services and anticipate needs. It anticipates, it personalises, it builds trust.

As digital expectations evolve, it is incredible to note Singapore’s approach on elevating its game. With strategic investments like the SG$150 million Enterprise Compute Initiative, going into supporting data-driven, citizen-centric public service delivery, and the right strategies in place, Singapore is well-positioned to usher in the Smart Nation 2.0 era.

—

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join us on Instagram, Facebook, X, and LinkedIn to stay connected.

Image courtesy: Canva Pro

The post From digital-first to citizen-first: Ushering in the next phase of Singapore’s smart nation vision appeared first on e27.

Singapore-based AI stack development platform JigsawStack has secured US$1 million in a pre-seed funding round led by UK-based Ada Ventures.

This investment brings the startup’s total funding to US$1.5 million, following Antler’s previous US$500,000 investment.

JigsawStack is focused on providing a unified, multipurpose API suite designed to streamline the development and deployment of AI-powered products. It offers access to fine-tuned, custom AI models that automate tasks across diverse technology stacks.

According to JigsawStack, these smaller, specialised models are faster and more cost-effective, unlocking the full potential of AI by transforming it into actionable solutions.

Also Read: AI infrastructure: The unsung hero of technological innovation

Since its beta launch in June 2024, the platform claims to have processed 10 million API requests from developers, indicating strong initial traction.

The venture recently launched an open-source AI framework and is developing a multimodal embedding model for retrieval-augmented generation (RAG) applications, supporting formats such as PDF, images, CSV, and JSON. It aims to enhance processes like AI web scraping, AI vOCR, and AI translation, providing businesses with the AI infrastructure needed to build advanced solutions.

Yoeven D. Khemlani, founder and CEO of JigsawStack, has a track record of successful ventures, having previously launched a property and travel startup in Singapore that achieved US$1 million in annual recurring revenue within its first year and US$3 million in its second year before being acquired.

Michael Tefula, Principal and Head of Product at Ada Ventures, highlighted the potential of JigsawStack to simplify back-end software engineering, noting the increasing number of developers and the rise of AI-code generation.

The post JigsawStack closes US$1M pre-seed round to transform AI deployment appeared first on e27.

The global workforce is undergoing a fundamental transformation, driven by the rapid advancement of artificial intelligence (AI) and the pressing need for skills-based strategies. Workday’s recent report, The Global State of Skills, highlights how global business leaders are increasingly concerned about workforce readiness amid ongoing talent shortages.

As AI reshapes the nature of work, organisations must take proactive steps to ensure their employees are equipped with the skills required for success in this evolving landscape.

The report states that AI is playing a crucial role in mitigating skills shortages and accelerating the transition to a skills-based approach. In fact, 41 per cent of business leaders strongly agree with this.

AI supports organisations in several key ways:

Automation of routine tasks
By automating repetitive processes, AI allows employees to focus on higher-value activities, increasing productivity and job satisfaction.

Data-driven decision-making
AI analyses vast amounts of data to provide insights into workforce trends, enabling informed talent management strategies.

Personalised learning and development
AI-driven learning systems tailor development opportunities to individual employees, making upskilling and reskilling more effective.

Skills mapping and job matching
AI helps create a structured skills taxonomy by analysing job descriptions and resumes, ensuring a better alignment between talent and organisational needs.

Also Read: Future-proofing talent management: The impact of AI on retention in Southeast Asia

Real-time skills gap analysis
AI enables businesses to identify critical skills shortages, allowing managers to address gaps efficiently.

Enhancing human creativity and innovation
With 83 per cent of business leaders believing AI will elevate human skills, organisations can leverage AI-driven insights to foster innovation and economic value.

Embracing a skills-based strategy

As businesses shift towards a skills-first mindset, several strategic actions can facilitate this transition:

1. Prioritising skills identification

A foundational step is understanding the current skills landscape. Businesses must assess both the existing skill sets of employees (supply) and the skills required for future success (demand). AI can assist by inferring and curating relevant skills from various data sources, helping organisations create a comprehensive skills taxonomy.

2. Adopting skills-based hiring practices

Shifting hiring practices to focus on skills rather than traditional credentials broadens the talent pool and ensures a better job fit. Behaviour-based interview techniques and AI-driven skill assessments can support this transition. Notably, 86 per cent of business leaders are comfortable with prioritising skills over traditional qualifications.

3. Investing in upskilling and reskilling

Given the evolving nature of work, many organisations recognise that their current workforce skills may not meet future demands. AI-powered learning platforms can identify critical skills and tailor training programmes accordingly. Internal mobility, where employees are matched with new roles based on their evolving skills, can also help retain top talent.

Also Read: From authentic leadership to talent investment: 5 proven tips to win the startup game

4. Implementing AI-powered skills management

AI-driven tools such as Workday Skills Cloud offer a structured way to infer, curate, and match skills to opportunities. For instance, Best Buy Canada leverages AI to align employee skills with internal job openings, enhancing career development and talent retention.

5. Addressing challenges in the transition

Transitioning to a skills-based approach comes with challenges such as resistance to change and data integration complexities. Businesses must invest in scalable, integrated systems to manage skills data effectively and ensure seamless adoption.

6. Strengthening change management and communication

A clear communication strategy is essential for gaining leadership and employee buy-in. Change management efforts should include structured implementation plans, support systems, and transparent messaging about the benefits of a skills-first approach.

7. Fostering a culture of continuous learning

Businesses must cultivate an environment where continuous learning is encouraged. This involves providing access to AI-powered learning platforms, recognising skill development achievements, and creating pathways for career progression based on acquired competencies.

8. Investing in quality skills data

Reliable skills data is critical for successful implementation. Organisations must use both internal and external data sources to build a robust skills framework, ensuring accurate insights for workforce planning.

9. Taking a value-driven approach

Rather than implementing skills-based strategies as a standalone HR initiative, businesses should align them with key organisational objectives. Pilot projects can demonstrate tangible benefits, encouraging broader adoption.

Also Read: Venture capital remains elusive for women-led startups in SEA

10. Iterating and adapting for continuous improvement

The shift to a skills-based approach requires an iterative mindset. Businesses should start with pilot projects, analyse results, and refine strategies based on insights gained before scaling up.

As organisations navigate this transition, AI will continue to be a driving force in shaping workforce readiness. Companies that embrace AI-powered skills strategies will be better positioned to adapt to evolving market demands, enhance employee engagement, and drive innovation.

By proactively addressing skills shortages and leveraging AI-driven insights, businesses can build agile, resilient workforces that thrive in an increasingly complex and competitive landscape.

—

Image Credit: Brooke Cagle on Unsplash

The post Facing global skills shift: 10 steps to harness AI for workforce readiness appeared first on e27.