Agence France-Presse (The Jakarta Post) PREMIUM New York, United States ● Wed, August 10 2022 The United States on Monday returned 30 stolen works of art and antiquities to Cambodia that had been looted from the Southeast Asian nation, including from an ancient Khmer city, and illegally trafficked around the world for decades. Manhattan federal prosecutor Damian Williams officially handed over the looted antiquities to Cambodia's ambassador to the US, Keo Chhea, in front of press. "We celebrate the return of Cambodia's cultural heritage to the Cambodian people, and reaffirm our commitment to reducing the illicit trafficking of art and antiquities," Williams said. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept … [Read more...] about US returns 30 stolen antique artworks to Cambodia
30 under 30
Heavy fighting was reported on Tuesday in frontline towns near the eastern city of Donetsk, where Ukrainian officials said Russian troops were launching waves of attacks as they tried to seize control of the industrialised Donbas region. - A + A KYIV (Aug 9): Russia unleashed ground forces, air strikes and artillery as it pressed ahead with a grinding offensive designed to complete its capture of eastern Ukraine, but Kyiv said its troops were putting up fierce resistance and holding the line. Heavy fighting was reported on Tuesday in frontline towns near the eastern city of Donetsk, where Ukrainian officials said Russian troops were launching waves of attacks as they tried to seize control of the industrialised Donbas region. "The situation in the region is tense — shelling is constant throughout the front line ... The enemy is also using air strikes a great deal," Pavlo Kyrylenko, governor of the Donetsk region, one of two that makes up Donbas, told Ukrainian … [Read more...] about Moscow steps up assault in eastern Ukraine as Kyiv calls for ‘ban’ on Russians
- A + A KUALA LUMPUR (Aug 9): KLCC Stapled Group's net profit for the second quarter ended June 30, 2022 (2QFY22) rose 14.69% to RM165.18 million, from RM144.01 million a year ago, as revenue grew 25% to RM350.31 million from RM280.17 million. The group declared interim dividends comprising 0.99 sen and 7.01 sen relating to KLCC Property Holdings Bhd and KLCC REIT respectively for 2QFY22, totalling eight sen per stapled security, to be payable on Sept 28. These brought KLCC Stapled Group's total income distribution to 16 sen for the first half of FY22. The group said in a Bursa Malaysia filing on Tuesday (Aug 9) that the improved year-on-year performance was mainly due to a better performance of its retail segment, driven by lower rental assistance and higher advertising income. In a separate statement, it stated that Suria KLCC and the retail podium of Menara 3 Petronas, which represent the retail segment, saw a 46.4% increase in revenue to RM125.2 million. The … [Read more...] about KLCC Stapled Group’s 2Q net profit rises 15% to RM165 mil, declares eight sen dividends
This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. - A + A WILL it be third time’s the charm for Jardine Cycle & Carriage Ltd, which launched yet another unconditional takeover offer for Cycle & Carriage Bintang Bhd (CCB) on July 14? Jardine’s bid to acquire the rest of the shares in CCB that it does not already own — at an offer price of RM2.70 per share — marks its third attempt at making CCB a fully owned subsidiary. As with the first two exercises, the current offer is expected to fall short, because even though it is higher than the previous offers of RM2.20 per share followed by another at RM2.40, it is still far from the RM4.65 enterprise value (EV) that the main dissenting shareholder Datuk David Goh contends it is worth. In an exclusive interview with The Edge in July last year, Goh said that the underlying value of CCB — one of the largest Mercedes-Benz dealerships in the country — was at … [Read more...] about Suspense over Jardine’s third attempt at CCB privatisation
Peter Bergen is CNN's national security analyst, a vice president at New America and a professor of practice at Arizona State University. Bergen's new paperback is "The Rise and fall of Osama bin Laden." from which this article is, in part, adapted. The views expressed in this commentary are his own. View more opinion on CNN. (CNN) In 1961, after a CIA-backed invasion of Cuba failed spectacularly, President John F. Kennedy said of the Bay of Pigs fiasco, "Victory has 100 fathers and defeat is an orphan." Peter Bergen Last week, President Joe Biden took a victory lap when he announced that the US had tracked down and killed its most wanted terrorist, al Qaeda leader Ayman al-Zawahiri, who was living in a house in Kabul, Afghanistan. Don't expect a similar celebration on August 30, the first anniversary of the US troop withdrawal from Afghanistan, which ended the longest war in American history. Any realistic assessment of that action shows that it … [Read more...] about Opinion: Biden’s Afghanistan exit decision looks even worse a year later
(CNN) Data obtained by CNN from New York's largest health-care provider indicates you're very unlikely to become severely ill with Covid-19 if you're under age 60, up to date on your Covid-19 vaccines and don't have underlying health problems, backing up a government plan expected to be announced this week that will ease up on coronavirus restrictions . If you're young, healthy and vaccinated, "you're going to be in a pretty good place," said Dr. William Schaffner, a vaccine adviser to the US Centers for Disease Control and Prevention. "You're going to be well-protected." CDC expected to ease Covid-19 recommendations, including for schools, as soon as this week The data from Northwell Health shows that of the nearly 2,000 people hospitalized there for Covid-19 in May, June and July, about 80% were over 60. Nearly 90% had an underlying health problem such as hypertension or diabetes. Vaccination status was also critically important. … [Read more...] about Under 60, healthy, vaccinated and boosted? ‘You’re in a pretty good place’ with Covid-19
The International Monetary Fund (IMF) has cut its gross domestic product (GDP) growth forecast for India for the current financial year by 80 basis points to 7.4 percent. A similar downgrade has been made to the growth forecast for FY24, which now stands at 6.1 percent as against 6.9 percent earlier. "For India, the revision reflects mainly less favourable external conditions and more rapid policy tightening," the IMF said on July 26 in an update to its World Economic Outlook report. Russia's invasion of Ukraine in late February disrupted supplies of crucial commodities, pushing up prices globally. Consequently, key central banks in the developed world, such as the US Federal Reserve, have begun tightening their monetary policies in earnest to cut down multi-decade high inflation . This has exerted further pressure on the Indian rupee, which has hurtled to multiple record lows in recent weeks and last week breached the 80-per-dollar mark for the first time . Close … [Read more...] about IMF cuts India’s FY23 growth forecast by 80 bps to 7.4%
Representative image The Reserve Bank of India announced measures to ease forex inflows. This explainer helps us understand the measures and objectives behind them. What are forex inflows and why are they needed? One of the major factors of a country’s growth is higher savings. Savings are channelised into investments, which help drive the growth of an economy. If the domestic savings rate is low or the investment rate is higher than the savings rate, foreign exchange savings can be used to bridge the gap. Foreign exchange savings are nothing but net inflows of foreign capital. The Indian economy was liberalised in 1991 and efforts were made to attract forex inflows. There are various categories of forex such as Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), NRI deposits, and External Commercial Borrowings (ECB). The government and the Reserve Bank of India welcome equity flows such as FDI and FPI, but are cautious about debt inflows because heavy … [Read more...] about MC Explains | Will steps to liberalise forex inflows help the rupee?
Mahindra & Mahindra | CMP: Rs 1,234.50 | The scrip jumped 6 percent on August 1 hitting all-time high after it recorded 1,00,000 bookings for the all-new Scorpio-N within 30 minutes of booking commencement on Saturday. The rush has translated into a book value of Rs 18,000 crore on ex-showroom price basis. The firm said the enthusiasm for the SUV was so high that it recorded 25,000 bookings within the first one minute. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook The financial performance of Mahindra & Mahindra (M&M) (CMP: Rs 1,236; M cap: Rs 1.53 lakh crore) in Q1FY23 was in line, driven by the auto segment that moderated the weakness in the tractor segment. The auto segment continues to do well on the back of new/refreshed products. The auto segment’s order booking and … [Read more...] about Auto segment comes to M&M’s rescue, any upside?
Shark Tank star Aaron Krause -- the energetic inventor and founder of the bestselling sponge Scrub Daddy -- has been releasing new products at a relentless clip this year. First, there was Eraser Daddy , Scrub Daddy's take on the famous eraser material popularized by Mr. Clean. Heat-compressed and dual-sided, Eraser Daddy is designed to last longer. Two months ago, he launched Scour Daddy , which improves upon the typical scouring pad that has remained unchanged for decades. It was quickly picked up by every Walmart in the country. Next up came Screen Daddy , a circular microfiber pad for cleaning your electronic devices that you can conveniently store directly on them. It's currently available in Bed Bath & Beyond as well as Kroger stores. Last month, when Krause debuted Daddy Caddy and Sponge Caddy -- plastic containers for storing Scrub Daddy products -- they completely sold out at Bed Bath & Beyond stores. That's not it. On October … [Read more...] about Want to Invent Best-Selling Products? Innovate Like the Founder of Scrub Daddy