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how to play philboss Former prime minister Thaksin Shinawatra has proposed economic reform and suggested Thailand be prepared for geopolitical change. Thaksin was speaking at the Forbes Global CEO Conference on Thursday night at the Ritz Carlton in Bangkok. Now in its 22nd year, the conference convenes world-leading CEOs, tycoons, entrepreneurs, investors, and thought leaders to discuss key issues of global concern and build new partnerships. During the finale and Gala Dinner Session, Thaksin was invited to have a one-on-one dialogue with Steve Forbes, Chairman and Editor-in-Chief of Forbes Media. The former PM proposed several economic reforms to help boost Thailand's economy and suggested that the Thai government prepare for upcoming geopolitical consequences. Thaksin said that Thailand's economy had not developed much in the past decade because the central bank was overly concerned about the country's economic problems. As a result, many commercial banks that were under the central bank's supervision did not give loans to small enterprises and those in need, causing a lack of cash flow in the country, he said. Therefore, the central bank is only duty-bound to supervise the commercial banks, he said. It should not have been overprotective of them, which could have helped boost cash flow into the country, he said. ''The central bank is an independent organisation, but it sometimes needs to listen and engage with business sectors so as to listen to their concerns. "Besides, the central bank requires practical solutions to increase the cash flow in Thailand," he said. Thaksin said Thai businesses, regardless of size, need to rethink their business model. He said they should have new ideas, such as using technology to assist their work, because the economic environment has become more competitive. He then gave the example of the Chinese e-commerce platform Temu and how it became dominant. ''Plus, the government needs to protect local businesses while it is trying to seek further foreign investment in Thailand; for example, recently, the government launched a policy that those foreign investors who make money in Thailand need to pay tax," he said. When asked about Thailand's initiative to dig a canal to link the Andaman Sea and the Gulf of Thailand, Thaksin said that Thailand may not dig a canal but would emphasise building a land bridge instead. ''We need to have involvement from the private sector in the construction [of that land bridge], in which they need to be concerned about the commercial viability while concerned about the country's benefit," he added. In geopolitics, Thaksin was asked his opinion about what would happen if US President-elect Donald Trump imposed 10% tariffs on imported products to the US and up to 60% tariffs on Chinese products. He said if Mr Trump increases such tariffs, the US consumer will have to pay more for imported products. At the same time, if the US-China trade war intensifies, Thaksin suggested that Thailand should expect more manufacturers to come to the country. He pointed out that Thailand needs to have good tax incentives, which will attract more foreign investment from various markets worldwide. Furthermore, with the rise of Brics becoming more prominent, he said this economic bloc would help to rebalance global finances within the next five years. Brics is an intergovernmental organisation comprising nine countries -- Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Brics was originally established to identify various investment opportunities. While the Association of Southeast Asian Nations (Asean) and Asia-Pacific Economic Cooperation (Apec) are regional frameworks that Thailand is a part of, he pointed out that Asean needs to be more unified by having the same consensus as "One Asean". ''Apec should allow small economic members to have the privilege to access larger markets [which will help them to grow faster]," he added.Melody Chen Unbabel chief executive Vasco Pedro predicts people will no longer be undertaking translation work in three years. The Portuguese startup, founded by the artificial intelligence expert, used its latest AI model to translate "Meditations" by Marcus Aurelius, with the results holding up well when compared to human translations. The archaic English used in the text posed a considerable challenge. Marcus Aurelius, the Roman emperor from 161 to 180 CE, wrote the book to record his private notes and ideas on Stoic philosophy. The model was also used to translate a wide range of content, from casual messages to complex legal documents. Pedro said that while AI has developed, human involvement currently remains essential for high-quality translation, which is why humans account for about 95 percent of the global translation industry. Experts in languages and specific fields like legal translators handling contracts currently perform better than machines. But Pedro still believes that it's hard to imagine AI won't completely surpass humans within two or three years. The godfather of AI, Geoffrey Hinton, warned that the pace of technological change is much faster than expected, and there is a 10 to 20 percent chance that artificial intelligence could lead to human extinction within the next 30 years. Hinton said that most experts believe AI that is more intelligent than humans will be developed within the next 20 years, which is a frightening prospect, and he called for stronger government regulation.Time to do it right, Escamis says as Mapua, Benilde open series

CapitaLand India Trust ( OTCMKTS:ACNDF – Get Free Report ) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 376,000 shares, a decrease of 39.0% from the November 30th total of 616,300 shares. Based on an average daily trading volume, of 93,800 shares, the short-interest ratio is currently 4.0 days. CapitaLand India Trust Price Performance Shares of OTCMKTS:ACNDF opened at C$0.77 on Friday. The stock’s 50-day moving average price is C$0.79 and its 200-day moving average price is C$0.80. CapitaLand India Trust has a 12-month low of C$0.72 and a 12-month high of C$0.89. About CapitaLand India Trust ( Get Free Report ) Read More Receive News & Ratings for CapitaLand India Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CapitaLand India Trust and related companies with MarketBeat.com's FREE daily email newsletter .Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolved

In a call for bipartisan cooperation, President Anura Kumara Dissan-ayake yesterday urged Parliament to rally behind a shared mission of driving the nation’s economic and social transformation. Delivering the Government’s policy statement at the inaugural session of the 10th Parliament, Dissanayake emphasised the collective responsibility of building a better future for the country, appealing for support across political divides. Acknowledging past divisions shaped by regional, ethnic, and religious lines, the President stressed the importance of democracy as a system that thrives on diverse ideologies. “Democracy is not about uniting all people under a single party or ideology. It is about coexistence,” he said, reaffirming his Government’s commitment to represent and serve all citizens, including those who did not vote for them. The President highlighted the unity displayed during the elections as a powerful step toward national harmony. However, he firmly rejected the resurgence of divisive politics, vowing, “We will not allow nationalist or religious rhetoric to gain political power. This nation has suffered enough from ethnic conflicts.” Reflecting on his 24 years in Parliament, the President lamented its gradual decline in public trust and respect. He noted how the institution has become synonymous with disillusionment, calling for a collective effort to restore its dignity and relevance. “The primary mission of this Parliament must be to uphold the people’s sovereignty, regain their trust, and re-establish itself as a body that truly represents them,” Dissanayake stated. The President also underscored the public’s mandate for a political culture free of corruption. “This mandate reflects the people’s aspiration to transform the corrupt political culture that has taken root over many years,” he said. Disanayake pledged that his Government would prioritise accountability and serve the people with integrity. Noting that the 10th Parliament consists of a significant number of new members, he said this offers an opportunity to instil good practices swiftly and effectively. He also expressed hope to further open up the Parliament for the public. “This Parliament will no longer remain a hidden chamber concealed from the public. Today, Parliament operates in alignment with advancements in modern technology and media, making every daily occurrence open to the public. It will no longer serve as a secretive or inaccessible centre shielded from public scrutiny. Instead, we are striving to transform this Parliament into a transparent and accessible institution for all citizens,” he pointed out. The President also highlighted that the Government firmly believes that progress cannot be made without a functional and responsive public sector. “Globally, the success of major transformations is often driven by a strong public service capable of implementing ambitious political goals. The focus remains on rebuilding a competent, people-centric State service that prioritises the well-being of citizens, with the full support of public servants themselves, ensuring the success of this critical reform,” he said, recalling that an unprecedented number of public servants cast their votes in support of the new Government. The President opined that many within the State service express frustration and a sense of unfulfillment in their professional roles similar to the people’s dissatisfaction with the public services. “This has led to a dual challenge: an unhappy public and a discontented public sector workforce. The Government’s responsibility now lies in creating a State service that meets the needs of both citizens and the public servants themselves,” he added. The President also stressed the critical importance of restoring public trust in the rule of law, stressing that enacting laws alone is insufficient without effective implementation. The public’s confidence in the legal system has been eroded, and the President called for a collective effort to rebuild this trust. He asserted that no individual, politician, or authority should be above the law and vowed to address controversial crimes, ensuring perpetrators are held accountable. This commitment, he said, is essential to establishing a just and prosperous state. The President also acknowledged the severe economic challenges facing Sri Lanka, which has been caught in a deep recession. “This economy cannot withstand drastic shocks and immediately upon taking power, our focus turned to ensuring economic stability and reaffirming trust with the relevant economic stakeholders. We understood that even the smallest error could have significant repercussions due to the scale of the crisis. Any disruption would only further harm the already delicate economic system,” he said, adding that the economic crisis has left the country with no room for mistakes. Therefore, Dissanayake insisted the lawmakers that everyone must carefully consider every aspect, thoughtfully analyse all factors, engage in dialogue, and make well-informed decisions. He also outlined the Government’s cautious approach to stabilising the economy, noting the importance of adhering to the parameters set with the International Monetary Fund (IMF). While the IMF’s third review had been delayed due to the elections, the President expressed optimism that an agreement would be reached by Saturday (23), marking a crucial step in the country’s economic recovery. Dissanayake also disclosed that the country is making crucial strides in its debt restructuring program with the IMF aiming to conclude the process by the end of the year. “The Government has reached a common understanding on bilateral debt and is preparing to formalise agreements with individual countries. Preliminary agreements have also been made regarding international sovereign bonds and commercial market debt, with completion expected by December,” he added. The President highlighted that the ongoing debt restructuring discussions, which had been in progress for nearly two years, are now in their final stages. Despite challenges, he emphasised that debating the merits of the restructuring plan is no longer productive, as it is essential for moving the economy forward. As the IMF’s restructuring framework is seen as key to managing the financial crisis, the President acknowledged that it is not enough to address the deep-rooted economic issues facing the nation. “To overcome this, the Government plans to adopt a new economic strategy to rebuild and strengthen the country’s economic structure,” he noted. The President outlined that Sri Lanka’s new economic strategy is based on three core principles aimed at revitalising the country’s economy. The first pillar includes rapid growth and expansion in the production of goods and services, with an emphasis on broadening this growth beyond the Western Province to other regions. The second focus is on making the economy inclusive. The Government stresses that economic success cannot be achieved if people are excluded from participating. Instead, every citizen should play an active role in the economy to ensure the benefits reach all. Finally, the strategy emphasises fair distribution of wealth. The Government warns against the concentration of national wealth in the hands of a few, as this can lead to instability. Instead, it advocates for equitable distribution, ensuring that the wealth generated from the country’s natural resources benefits all citizens, promoting social and economic stability. Dissanayake said the Government has identified several key areas for short-term growth aimed at revitalising the economy. These include tourism, IT, maritime and agriculture. The tourism sector, he said is a top priority, with plans to attract 4 million tourists and generate an $ 8 billion industry within the next 3-4 years, a significant increase from the 2.3 million visitors and $ 4.3 billion recorded in the benchmark year of 2018. The President identified IT sector also holds strong growth potential. “Currently, there are 85,000 IT professionals, with plans to increase this number to 200,000 over the next five years. The goal is to raise IT export income from $ 1.2 billion to $ 5 billion by enhancing education and skills in the sector,” he pointed out. Leveraging Sri Lanka’s strategic location, Dissanayake said the Government aims to transform the country into a global maritime and trade hub, enhancing the efficiency of the Port of Colombo and tapping into the full economic potential of its geographic advantage. In addition, he outlined that the agricultural sector is another area of focus. “Despite significant investments in irrigation and research, farmers remain burdened by debt. The Government plans to revive agriculture through innovation, including seed research and extension services, and increase subsidies for fertilisers to support the industry’s growth, he said, adding the fisheries industry, with vast untapped resources in Sri Lanka’s seas. “The sector is set to receive a boost with a fuel subsidy to get more boats back into operation, signalling a positive economic shift,” he opined. President Dissanayake also announced that a comprehensive Budget will not be immediately presented, citing that an Interim Budget is set to be submitted by early December to allocate funds for the next four months. He said a comprehensive Budget proposal is expected by early February, with the goal of securing parliamentary approval by mid-March. “This upcoming Budget will serve as the practical foundation for implementing the nation’s vision, with its structure aligned to the strategies discussed,” he said. Moreover, the President disclosed plans to overhaul its diplomatic services, with a renewed focus on not only strengthening international relations but also supporting local industries in accessing global markets. “The country’s diplomatic missions will be realigned to better serve this dual purpose,” he added. In addition, he said the Government aims to expand the construction industry’s reach beyond Sri Lanka, recognising the sector’s technical expertise and resources as key assets for international growth. He also stated that Sri Lanka’s unique indigenous products will also be targeted for global markets by adding value and establishing a modern industrial framework. Dissanayake also acknowledged the importance of small and medium-scale enterprises (SMEs) and stressed that their growth should align with national development goals. “To support this, clear plans have been devised to foster the sector’s expansion and integrate it into the country’s broader economic vision,” he stated. The President also announced plans to launch the “Cleaning Sri Lanka” program — a major initiative aimed at transforming the country’s environment and societal attitudes. He said a Presidential task force will lead the effort, which goes beyond environmental issues to focus on fostering good citizenship, positive behaviour, and responsible actions among citizens. “The program aims to change perceptions about public property and social responsibility, emphasising the need for accountability and respect for resources and one another. The initiative also addresses essential issues such as access to clean sanitation facilities, particularly for women in rural areas, and seeks to improve societal attitudes toward shared public spaces. The Government aspires to create a more humane and empathetic society, one marked by kindness, tolerance, and understanding,” he explained. In addition to societal transformation, Dissanayake said the Government is committed to eradicating poverty, with plans to increase welfare allowances, support schoolchildren from disadvantaged families, and raise pensions and public sector wages in the upcoming budget. “These efforts aim to ensure that every citizen has access to a fair meal, quality education, a decent home, and stable income opportunities,” he added. Ending his speech on a note of hope, the President asserted the shared responsibility of ensuring a better future for Sri Lanka’s next generations. “Our foremost responsibility is to prevent the repetition of past tragedies and to create a nation where suffering is replaced by unity and progress,” he affirmed.

Hours after the Rangers bid farewell to one franchise staple, they recommitted to another for the long haul. The Rangers on Friday reached an eight-year extension with star goalie Igor Shesterkin for an average annual salary of $11.5 million, according to ESPN . It’s the highest annual salary for a goalie in NHL history, topping the $10.5 million-per-year contract Carey Price signed with the Montreal Canadiens in 2017. Shesterkin’s deal came on the same day the Rangers traded captain Jacob Trouba to the Anaheim Ducks, reportedly clearing about $8 million in cap space. Shesterkin, 28, entered Friday with a 143-68-19 record, a 2.48 goals against average and a .920 save percentage in six NHL seasons, all with the Rangers. In 2022, he received the Vezina Trophy, which is awarded to the league’s top goaltender. The extension served as a resolution after much discussion about the future of Shesterkin, who was in the last year of a four-year contract that paid him $5.66 million annually. His new deal features a significant raise, but Shesterkin’s salary still falls just short of the Rangers’ highest paid player, Artemi Panarin, whose average annual earnings are $11.6 million. Shesterkin played a starring role on the Rangers’ run to the Eastern Conference Final last season, but the Russian-born goalie’s stats are down to start the 2024-25 campaign. He entered Friday’s game against the Pittsburgh Penguins at Madison Square Garden with an 8-9-1 record while putting up a career-worst 3.05 GAA and a career-low .908 save percentage. The Rangers as a whole are off to a slow start, entering Friday with a 13-10-1 record and as losers in six of their last seven games. The trade of the defenseman Trouba, meanwhile, brought back defenseman Urho Vaakanainen and a conditional 2025 fourth-round pick. Trouba, who was in his sixth year with the Rangers, had a plus/minus of -3 in 24 games for the Rangers this season. He did not score a goal and had six assists. “I want to sincerely thank Jacob for his contributions to the Rangers and our community,” general manager Chris Drury said in a statement . “Jacob has been an example on and off the ice for our organization and played a major role in our success over the last several years. Since coming to New York five years ago, and serving as Captain for the last three seasons, he has demonstrated grit, toughness, and tremendous leadership and we can’t thank Jacob enough for everything he has done for the Rangers.” Trouba, 30, became the latest contributor from last year’s run to go. The Rangers waived forward Barclay Goodrow in June, and he was claimed by the San Jose Sharks.

As the year draws to a close, reflecting on how it unfolded can feel overwhelming—especially if the memories feel blurry or tinged with pain. For some, trauma makes it hard to take stock. For others, the absence of significant milestones can leave them wondering where the time went. If you’re struggling to summarise the year, let me assure you that this is entirely natural. Not every year demands a neatly packaged conclusion. Life isn’t an itemised ledger, and we owe no one an account of how we’ve spent our days—except, perhaps, our Creator and even that reckoning is meant for the end of life, not the end of a year. If you’re finding it hard to reflect on 2024, you’re not alone. Many of us have faced challenges that make looking back feel more like a burden than a celebration. There can be many reasons why it is hard to summarise the year. It could be the economy. Economic hardship has been a defining struggle for many this year. In Nigeria, the economy hit rock bottom, creating unbearable conditions for citizens. The toll has been both collective and personal, leaving many exhausted and traumatised. It could be personal challenges. For me, the highs of 2024 were often accompanied by lows, creating a confusing emotional landscape. I faced mental and emotional battles I hadn’t anticipated, and the hardest blow was losing my unborn child. Reflecting on the year inevitably stirs up these painful memories, making it difficult to process or find closure. These two factors—the state of the economy and personal hardships—are why many, myself included, find it easier to look forward to a fresh start in 2025 than to make sense of the year gone by. If you find yourself unable to put the year into words, there are some steps I’ve taken to navigate the difficulty. Acknowledge your feelings It’s okay if you can’t summarise the year. Some experiences are too complex to categorise, and there’s no rule saying you must tie everything together neatly. Accept the feelings—whether they’re sadness, confusion, or frustration—and don’t force yourself to unpack them all at once. Focus on the present Instead of dwelling on the past, try to make the most of the remaining days of the year. For instance, I approached Christmas differently this year. I recognised the emotions that could have dampened my mood and instead chose to enjoy simple pleasures: sharing food and movies with loved ones. It wasn’t extravagant, but it was meaningful. Create intentional moments The last days of the year don’t need to be perfect. They simply need to come and go, and you can make them worthwhile by being mindful. Engage in small activities that bring you joy, whether it’s journaling, taking a walk, or connecting with someone you care about. This year has been a confusing one for many people, myself included. I’ve read countless posts online where others share their heartbreaks, losses, and setbacks. 2024 has been universally difficult, reminding me not to take my struggles too personally. The year was full of contradictions for me. Things that should have made me happy left me sad. Opportunities that seemed like breakthroughs became sources of stagnation. This duality—where joy and pain coexist—has made it challenging to look back without feeling overwhelmed. But I’ve realised that I don’t need to have all the answers right now. Instead, I’m choosing to end the year with intention, however small. Moving Forward It’s okay if 2024 feels like a blur or a mess. Not every year will have a clear story or a satisfying conclusion. What matters is how we choose to move forward. As the final days of the year unfold, allow yourself grace. Be present, engage in activities that bring peace, and know that you’ve done your best to navigate this chapter. There’s no need to force closure; sometimes, it’s enough to simply let the year come to an end and trust that the new one will bring fresh opportunities to grow, heal and thrive. *** Feature Image by Polina Tankilevitch for Pexels