As the new year rapidly approaches, millions of people are planning to make New Year’s resolutions for 2021, looking for a way to spark positive personal change.
Every year the same themes recur: a healthier lifestyle, improved finances and learnings for self-improvement. However, statistics show that very few people achieve the goals they outlined at the beginning of the year.
The majority do not even make it through January. Committed to addressing everyday life issues in a fun way, Fourdesire now launches a new Thai version of Fortune City, aiming to help Thai users keep their New Year’s resolutions for 2021 and achieve their financial goals.
Fortune City is a finance and personal expenses tracking app that was released in 2017. It is a fun gamification app for tracking one’s finances. Unlike many other money management apps in the market, Fortune City offers a refreshing interface that transforms otherwise boring bookkeeping tasks into an interactive activity centered on building and growing a city.
Each time an expense is logged, a new building is constructed and users can watch how their city prospers. Over time, the logs will translate into a detailed snapshot of your spending, helping users to gain insights into where their money goes and set better priorities to effectively reach their financial goals.
Users are motivated to cultivate healthy financial habits by unlocking achievements as their monthly savings increase. Users can also share with friends and family their posh metropolis in the game. With an impressive record of six million downloads worldwide, Fortune City was named the Best App in Taiwan, South-Korea, Hong Kong and Google Play stores in 2017.
In 2018 it was honored with the Red Dot Design Award. For college students and anyone looking for better money management tools, Fortune City is the ideal budget planner to engage users in a fun-filled experience.
The Thai version of the money management app will be available for download from 10 December. A special offer—available only until 17 December—will allow users to download three most desired themes by Thai users for free: Brownie Island, Blue Ocean and Lava of Passion.
“Thailand is one of the Top 10 countries with most Fortune City users and therefore represents an important opportunity to us. We will continue to develop innovative products to entice Thai users.” Wei-Fan Chen added.
Fortune City is the third mobile app released by the notable Taiwan-based developer Fourdesire, who has a track record of great success since its formation in 2012. They launched their first app, Plant Nanny, in 2013; it encourages users to develop better habits when it comes to drinking their daily intake of water.
In 2019, Fourdesire released an upgraded version, Plant Nanny², that combines new technologies and unique interface design. It was named on Google Play’s list of Best App of 2019 in a number of different countries around the world. In 2014, their other mobile app, Walkr – Galaxy Adventure in Your Pocket, received the Best Game Award from the Apple App store. This app focuses on making physical activities such as walking more enjoyable for users.
Fourdesire is a major digital design company from Taiwan; its goal is to bring together entertainment, design and technology. Fourdesire believes in the power of fun to solve problems in real life; the company’s playful apps allow users to address all kinds of practical concerns, such as physical health, mental well-being and financial literacy, in an engaging and interactive way.
Since its establishment in 2012, Fourdesire’s apps have a proven track record of success, with over 28 million downloads worldwide and recognized as top ranking apps by industry leaders. Passionate about bringing more play into people’s everyday lives, Fourdesire continues to develop its range of innovative games and expand its international footprint.
For more information, please visit: https://fourdesire.com/en/
To learn more and download the Fortune City app, visit: https://fortunecityapp.com/en
How will oil prices shape the Covid-19 recovery in emerging markets?
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.
The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.
Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.
In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.
While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.
How the Rural-Urban Divide Plays Out on Digital Platforms
It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.
Will South-east Asia’s tech giants turn to SPACs to boost post-pandemic growth?
– The vehicle is widely used to help tech start-ups go public
– Both Singapore’s and Indonesia’s exchanges are set to allow SPACs
– Several South-east Asian tech unicorns may use SPACs to list publicly
South-east Asia is seeing a wave of interest in special purpose acquisition companies, or SPACs, with various major tech players considering them as a means to fast-track public listings. In parallel to this, several exchanges in the region are moving to allow SPAC listings, with a view to boosting post-coronavirus growth.
SPACs are shell companies set up by investors and then listed on a given stock exchange. Their sole function is to acquire a private company, enabling it to go public without having to go through a traditional initial public offering (IPO).
A SPAC does nothing beyond its essential function – it neither produces nor sells anything, and a SPAC’s only assets are the funds raised from its own IPO.
Crucially, people who buy into a SPAC do not know what its eventual acquisition target or targets will be. This is why SPACs are often referred to as “blank cheque companies”: they give the founders a free rein to back their choice of private company. A key feature of SPACs is that they are often headed by big-name business executives or fund managers, who trade on past successes to inspire trust in investors.
While they are far from a novel phenomenon, SPACs have become a hot button topic in recent times: SPAC initial offerings quadrupled last year, with the vehicles raising a record $80bn.
Merging with a SPAC enables a company to go public and raise capital more quickly and painlessly than with a traditional IPO, circumventing some of the volatility that Covid-19 unleashed on global markets. At the same time, they function rather like venture capital, helping investors to buy into high-growth start-ups on the ground floor.
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