Enterprise

These are the best cities for women entrepreneurs to thrive

Singapore ranks third in Asia Pacific, behind Sydney and Melbourne

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At the 10th annual Dell Women Entrepreneur Network Summit in Singapore, Dell announced findings of the 2019 Women Entrepreneur Cities (WE Cities) Index, ranking 50 global cities on their ability to foster growth for women entrepreneurs. Dell ranks cities based on the impact of local policies, programs, and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.

Building on 10 years of research on women entrepreneurs, Dell partnered with IHS Markit to research and rank 50 cities on five important characteristics, including access to Capital, Technology, Talent, Culture and Markets.

The San Francisco Bay Area outranked New York for the No. 1 spot this year, mostly due to the city being one of the best places for women to gain access to capital. It also moved from 6th place to 2nd place in Culture, showing that the number of role models and public dialogue around eliminating the “bro culture” is making an impact.

Lack of funding, high cost of living, low representation of women in leadership roles and the lack of government-led policies that support women entrepreneurs were among the barriers globally.

Cities in the Asia Pacific (APAC) region are improving alongside all other cities globally, but still have a long way to go. Singapore, one of the only three cities from Southeast Asia to make it to the top 50, saw the highest improvement in the Talent pillar, as it benefitted from increasing its top school and business school rankings, as well as its pool of professionals needed to help scale businesses.

APAC cities mainly fell behind in the pillars for Culture and Markets. Despite making the top 50, Singapore’s Culture score was relatively low due to fewer female role models or leaders, although it’s still more advanced than majority of its neighbors in addressing gender parity issues.

Singapore ranks only No. 47 globally for the Markets pillar, because of the high cost of living in the city despite the lack of accelerators and relatively few female board members.

The WE Cities Index serves as a diagnostic tool to advise policy-makers on how to better support women in business.

“By arming city leaders and policymakers with actionable, data-driven research on the landscape for women entrepreneurs, we can collectively accelerate the success of women-owned businesses by removing financial, cultural and political barriers,” says Karen Quintos, EVP and chief customer officer at Dell Technologies.

The same way US Supreme Court Justice Ruth Bader Ginsburg argued in her landmark cases that gender discrimination hurts men and women alike, Singapore Minister for Culture, Community and Youth Grace Fu also emphasized at the summit that it’s not only women who want a better work life balance; men also want to be able to spend more time with their families.

This is where technology comes in. Technology, as a gender-neutral enabler, helps drive progress in gender equality by creating a level playing field, says Amit Midha, President of Asia Pacific & Japan, Global Digital Cities at Dell Technologies. It’s important to empower and invest in women not just because it’s been proven time and again that women help economies grow, but also because doing so benefits men and society as a whole.

SEE ALSO: Inspiring quotes from Dell Women Entrepreneur Network Summit 2019

Enterprise

UK Prime Minister caught using a Huawei P20

After issuing warning about the company

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Image source: ITV

Whenever you lobby against a certain thing, you’d better not get caught using that same thing. Surprisingly (or not), UK Prime Minister Boris Johnson did not receive that memo. On live television, the leader of the increasingly Huawei-phobic country used a Huawei P20 to take a selfie with the show’s interviewers.

On ITV’s This Morning, the Prime Minister engaged in an interview about his governmental policies. After the interview, he whipped out last year’s popular flagship from Huawei, inviting the hosts for a selfie.

Ironically, Johnson issued a statement, exercising caution over Huawei’s entry into UK’s 5G market. Currently, the country is deliberating business with the Chinese tech company. Unlike the US, the UK is still on the fence about a China-sponsored deal.

However, the Prime Minister recently brought a warier approach to a future deal, focusing on national security over corporate interests. Still, Johnson remains open to foreign investments, decrying unnecessary biases against international help.

If anything, Huawei is assuring other countries that its technology will not interfere with their respective national securities. On the other side, the company’s primary rival, the US, is asking other countries to reconsider trade deals with Huawei, citing the cybersecurity risk in allowing the company to take over a country’s telecommunications.

Regardless of the UK’s decision, Johnson’s P20 comes at an interesting time. To make matters a bit more muddled, Johnson’s representative alleges that the phone came from a staffer, rather than the Prime Minister’s own pocket. Is the UK for or against Huawei? Only time will tell.

SEE ALSO: Huawei Freebuds 3 review: Best value wireless earbuds

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Enterprise

Google’s founders step down from parent company

Sundar Pichai will take over as Alphabet CEO

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Today’s world is dominated by personalities. Facebook is already completely synonymous with Mark Zuckerberg. Apple is already completely synonymous with Tim Cook. Unsurprisingly, technology’s biggest leaders are dominating the discussion surrounding their respective companies. However, amidst today’s cults of personalities, one big company is keeping it relatively lowkey: Google.

Even since the company’s inception, Google’s founders Larry Page and Sergey Brin have traditionally shied away from the limelight, letting the products speak for themselves. In fact, in 2015, the founders stepped down from their leadership roles at Google, surrendering the reins to incumbent CEO Sundar Pichai. Meanwhile, Page and Brin restructured (and headed) the entire corporation under a larger parent company, Alphabet. Still, despite the restructuring, the duo kept to their shadows.

Now, Page and Brin are taking an even larger step back. In a sudden farewell letter issued today, the duo is stepping down from Alphabet’s top seats. Once again, Pichai will take over as CEO of both Alphabet and Google.

“And Alphabet and Google no longer need two CEOs and a President. Going forward, Sundar will be the CEO of both Google and Alphabet,” the letter said. However, the duo will still “remain actively involved as Board members, shareholders and co-founders.”

On the other side of the board, Pichai is taking a confident approach to the new leadership role. “I will continue to be very focused on Google and the deep work we’re doing to push the boundaries of computing and build a more helpful Google for everyone,” Pichai said.

Pichai’s promotion comes at an interesting time. For one, Google is currently under negotiations with Huawei to resurrect the latter’s Android-powered products. Who knows where Alphabet and Google will go from here?

SEE ALSO: Google Pixel 3 saved a man from a bullet

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Enterprise

ING Bank has a new way to entice you to save

By offering rebates

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ING is being aggressive with its efforts to shakeup digital banking in the Philippines. After providing an all-digital way to create a savings account and offering aggressive interest rate, the bank is now offering rebates on transfer fees.

While the emphasis these holiday season is to spend, ING is encourage Filipinos to save by offering a fixed PhP 100 rebate for every successful electronic bank transfer, for up to two transactions per month.

The promo begins right now and will last until January 31, 2020. So if you’re wondering where you should put your hard-earned bonus, think about saving instead of spending. This promo will work alongside the 4 percent per annum interest rate.

ING first entered the Philippines in November 2018. In 2019, they launched an aggressive campaign to get more Filipinos to save by offering an alternative to your usual banks — one that’s purely digital with sign up possible all on the app. Best of all, there’s zero maintaining balance.

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