Dimension q3 2020

Share to Twitter Share to Linkedin Topline Former Duke University men’s basketball head coach Mike Krzyzewski was paid $13.7 million by the school in the fiscal year from July 1, 2020 to June 30, 2021, according to the university’s federal tax filings—a record sum for a college coach. Key Facts The university provided Forbes with the filings upon a request following USA Today and Sportico ’ reporting on Krzyzewski’s compensation earlier Tuesday. The $13.7 million includes $3.7 million in base salary, $2 million in incentives and $7.2 million in deferred compensation, according to the filings, and USA Today reports that total includes about $1.3 million in previously reported compensation, placing his net pay at $12.4 million. Krzyzewski’s compensation is the highest ever for a college coach not connected to a contract buyout since USA Today began tracking the metric in 2006. Krzyzewski, who retired in April after … [Read more...] about Duke Paid Krzyzewski $13.7 Million In 2020-21—Record Compensation For A College Coach

Share to Twitter Share to Linkedin Remember when Australia was on fire? Think of the number of absurdly dramatic events that have unfolded over the last few months; the U.S. and Iran almost went to war , the coronavirus pandemic swept across the globe, sparking a potential economic recession (and causing mass addiction to Animal Crossing ), while in East Africa, swarms of locusts the size of cities plague the land. It’s all getting a bit … biblical. Amongst the endless chaos, the President of the United States casually muses on the possibility of injecting disinfectant into the human body. Rather than being a career-ending blunder, it’s just another skit on Saturday Night Live . This is our new normal, and it’s far stranger than fiction, stupider than fan fiction, more ridiculous and on-the-nose than any dodgy Roland Emmerich disaster movie. Now that the month is coming to an end, we’re due another world-shaking … [Read more...] about Amidst The Insanity Of 2020, UFO Footage Feels Forgettable

- A + A SHANGHAI (May 17): Chinese stocks ended higher on Tuesday (May 17) as Shanghai achieved a key Covid-19-related milestone required to ease restrictions, while tech giants and Hong Kong shares logged the biggest jump in six weeks following reports about a meeting by a top political consultative body to promote the digital economy. Both Internet firms listed in Hong Kong and the Hang Seng benchmark surged the most since April 29, when authorities vowed at the top-level Politburo meeting to step up policy support to stabilise the economy and financial markets. The blue-chip CSI 300 Index ended 1.3% higher at 4,005.89, while the Shanghai Composite Index gained 0.7% to 3,093.70 points. The Hang Seng Index rose 3.3% to 20,602.52, while the China Enterprises Index gained 3.7% to 7,076.80 points. Shanghai reported a long-awaited milestone of three straight days with no new Covid-19 cases outside quarantine zones — the "zero Covid" status. A nationwide caseload … [Read more...] about China stocks close up as Shanghai’s Covid-19 situation improves, tech giants soar

BEIJING (Bloomberg): China’s top economic official gave an unusual public show of support for digital platform companies Tuesday (May 17), suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy. The government will support the development of digital economy companies and their public listings, Vice Premier Liu He, who is President Xi Jinping’s most senior economic aide, said after a symposium with the heads of some of the nation’s largest private firms. Baidu Inc. founder Robin Li, Qihoo 360 Technology Co.’s Zhou Hongyu and NetEase Inc chief William Ding were among the tech luminaries spotted at the forum, according to a video posted online. Liu’s remarks reported by state media were short on detail but signal further easing of the regulatory risk for China’s technology behemoths including Baidu and Tencent Holdings Ltd., as investors await clues on whether a rout in their shares is near an end. The Hang Seng Tech … [Read more...] about China economy czar vows support for tech firms after crackdown

This article first appeared in The Edge Malaysia Weekly, on September 7, 2020 - September 13, 2020. - A + A IT would not be an exaggeration to say that Solarvest Holdings Bhd is the goose that lays the golden egg for building materials distributor Chin Hin Group Bhd. Founded by low-profile businessman and savvy investor Datuk Seri Chiau Beng Teik, Chin Hin is one of the largest companies in its sector. The group reported a net profit of RM7.47 million in its second quarter ended June 30 (2QFY2020) after recording a disposal gain of RM27.8 million from divesting 25 million shares in Solarvest, representing a 6.4% stake, at RM1.25 apiece. Excluding this one-off item, Chin Hin was expected to report a core net loss of RM20.3 million in 2Q, given that all of its business divisions sank into the red as a result of plant shutdowns and reduced activity on the back of the Movement Control Order (MCO). Bursa Malaysia filings show that Chin Hin disposed of 20 … [Read more...] about For Chin Hin, Solarvest is the goose that lays the golden egg

This article first appeared in The Edge Malaysia Weekly, on May 9, 2022 - May 15, 2022. Izham: We remain bullish on MAG’s future [and] cautiously optimistic about the environment. (Photo by Suhaimi Yusuf/The Edge) - A + A MALAYSIA Aviation Group Bhd (MAG), which narrowed its full-year net loss for 2021 by 60% over the preceding year, remains on track to achieve break-even in 2023 as part of its Long Term Business Plan 2021-2025 (LTBP 2.0). However, group CEO Captain Izham Ismail warns of headwinds from fuel and foreign exchange (forex) volatility, which could affect the target. MAG, whose wholly-owned subsidiaries include Malaysia Airlines Bhd (MAB), MAB Kargo Sdn Bhd (MABkargo), FlyFirefly Sdn Bhd and MASwings Sdn Bhd, posted a net loss of RM1.65 billion for the financial year ended Dec 31, 2021 (FY2021), a significant improvement on the year-earlier RM4.1 billion net loss when it was dealing with the effects of a slowdown in the global economy and … [Read more...] about Malaysia Aviation Group on track to break even in 2023 but faces fuel, forex headwinds

(CNN Business) Twitch, the livestreaming giant popular among video gamers, has been thrust into the national spotlight after the suspect in the Buffalo grocery store mass shooting tried to broadcast the attack on the platform. Twitch removed the livestream less than two minutes after the violence began on Saturday, a spokesperson for the company told CNN. Despite the quick action by Twitch to delete the content, clips and copies of the disturbing video of the shooting, which police says was a racially-motivated hate crime, quickly spread across other social media platforms over the weekend. The Buffalo shooting suspect had plans to shoot more Black people after deadly rampage at a grocery, authorities say While Twitch may not be as much of a household name as some other large social platforms, the Amazon-owned service has gained immense popularity in recent years beyond gaming. Twitch has become a destination to watch others play video games, raise goats … [Read more...] about Twitch, a live-streaming giant, comes under scrutiny after Buffalo shooting

(CNN) The baby formula manufacturer at the heart of a nationwide formula recall said Monday that it has reached an agreement with the US Food and Drug Administration to enter into a consent decree, a legally binding agreement that would require the company to take certain steps in response to violations found at its Sturgis, Michigan, facility. If a court approves the agreement, the company says , it could restart the site within two weeks. It would first resume the production of its specialty metabolic formulas EleCare and Alimentum, followed by Similac and other formulas. After Abbott restarts the site, it will take six to eight weeks for the products to reach store shelves, it said. The Justice Department said Monday that it had filed the proposed consent decree in federal court. These families buy about half of infant formula nationwide. Here's how the Biden administration is trying to help them Abbott said it … [Read more...] about Abbott agrees to consent decree with FDA, could restart plant within 2 weeks, pending court approval

MANILA, Philippines—Ahead of the May 9 presidential elections, pledges from foreign investors who wanted to avail themselves of tax and other perks for their forthcoming projects fell 54.1 percent year-on-year to P8.9 billion during the first quarter–also the lowest quarterly haul since the global financial crisis 13 years ago. The latest Philippine Statistics Authority (PSA) data on Tuesday (May 17) showed that commitments approved by the country’s seven investment promotion agencies (IPAs) from January to March dropped from P19.6 billion in the first three months of last year. IPAs give away fiscal incentives to qualified projects. Historical PSA data showed that the first-quarter 2022 foreign investment pledges were the lowest since the P3.9-billion worth generated during the first quarter of 2009, at the height of the 2008-2009 global economic downturn. The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act signed by President Rodrigo Duterte last year … [Read more...] about Q1 foreign investment pledges fall to lowest since 2009

Image: Instagram/@rabiyamateo Rabiya Mateo looked back at her experiences with Miss Universe, one year since she represented the Philippines in the global pageant. The actress and Miss Universe Philippines 2020 titleholder recalled her pageant journey while showing moments of herself at the Miss Universe competition, via her Instagram page today, May 17. Image: Instagram/@rabiyamateo Mateo can be seen in her Philippine flag-inspired national costume, in her yellow two-piece bikini for the swimsuit competition, as well as a series of candid selfies and glam shots throughout the pageant. “Rabiya Mateo, Philippines!” Mateo said. “Random photos and videos from my [Miss Universe] journey that happened exactly one year ago. Forever grateful to all the people who rallied behind me. Love lots!” View this post on Instagram A post shared by Rabiya Mateo (@rabiyamateo) Mateo received greetings from her boyfriend, … [Read more...] about Rabiya Mateo reminisces on her Miss Universe moments one year after pageant