Gold rates

(The Jakarta Post) PREMIUM Jakarta   ● Wed, August 10 2022 The Financial Services Authority (OJK) will decide what interest rates peer-to-peer lenders may impose on borrowers in a move that some claim could kill a vital segment of the fintech industry. The OJK has yet to determine the chargeable rates but expects them – based on internal research and historical data – to be between 0.3 and 0.46 percent a day. The upper figure of that range, according to the OJK, is the prevailing amount currently charged by the industry, and it is down to almost half of the 0.8 percent per day typically demanded in the early days of fintech lending. 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 Register to read 3 premium … [Read more...] about OJK’s planned rate rules could ‘kill’ P2P lenders: Observer

According to Mustapa, the number of unemployed decreased to 630,600 in June, from 637,700 people the previous month. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (Aug 9): The unemployment rate continued to show a downward trend, recording 3.8% in June — the lowest since the Covid-19 pandemic hit the country — said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed. He said the number of unemployed decreased to 630,600 in June, from 637,700 people the previous month. Citing the June 2022 Malaysian Labour Force Statistics published by the Department of Statistics Malaysia on Tuesday (Aug 9), Mustapa said the country had reached full employment since April, in terms of the unemployment rate being below 4% as defined by the Organisation for Economic Co-operation and Development. Therefore, he said the position of the labour force was more stable following an increase in the number of workers of 0.2% to 16.57 million … [Read more...] about Malaysia’s unemployment rate down to 3.8% in June, lowest since Covid-19 pandemic struck

Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world

RBI Governor Shaktikanta Das. (File photo) Dear Reader , A day before the monetary policy announcement, the yield on the 10-year bond fell sharply on a media report that the MPC would signal a pause after Friday’s hike. Thankfully, the MPC held firm, refusing to oblige the bond markets. Not only did it increase the repo rate by 50 basis points, but also the MPC signalled more rate hikes in future by refusing to tone down its ‘withdrawal of accommodation’ stance. Much is being made of the fact that the policy rate is now at the pre-pandemic level. At 5.4 percent, the repo rate is now back to where it was in September 2019. But that is n​o big deal. GDP growth was a measly 3.7 percent in 2019-20 compared to RBI’s projection of 7.2 percent in 2022-23; retail inflation was a much lower 4.8 percent in 2019-20, compared to a projected 6.7 percent for 2022-23; the current account deficit was a comfortable 0.9 percent of GDP in 2019-20 as against projections of around 3 percent … [Read more...] about Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot

- 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

- A + A KUALA LUMPUR (Aug 9): Leong Hup International Bhd's unit Leong Hup Feedmill Malaysia Sdn Bhd (LFM), one of the five feed millers recently issued with a proposed decision by the Malaysia Competition Commission (MyCC), said that MyCC has proposed to impose a financial penalty of RM157.47 million in the event LFM is found to have infringed the Competition Act 2010. In a filing with Bursa Malaysia on Tuesday (Aug 9), Leong Hup said that it provided the additional information for the purpose of clarity. Besides the RM157.47 million fine, Leong Hup also said that if LFM is found to have infringed the Act, MyCC proposed to direct LFM to undertake the following: i) to cease and desist from participating and engaging in the alleged anti-competitive horizontal agreement in relation to any discussion on price-related matters pertaining to chicken feed; ii) to submit monthly price-related matters to MyCC including the announcement of price adjustment to customers, a … [Read more...] about Leong Hup’s unit to be fined RM157.47 mil if found to have infringed Competition Act 2010

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

Jill Dougherty is adjunct professor at Georgetown University and a former CNN Moscow Bureau Chief. The views expressed in this commentary are her own. View more opinion on CNN. (CNN) Some of the most dramatic -- and diplomatically delicate -- moments in United States-Russia relations are linked to prisoner exchanges. Jill Dougherty February 10, 1962: In a Cold War, Hollywood-style trade on the Glienicke Bridge between Berlin and Potsdam, two men -- an American and a Soviet -- walked in opposite directions across what would decades later be known as the "Bridge of Spies." They were Francis Gary Powers, the American pilot of a spy plane shot down over the USSR, and Soviet KGB colonel Rudolph Abel, who had served five years in the US on espionage charges. More than half a century later, Vladimir Putin, a former KGB officer, certainly knows the value of prisoner swaps. In April, his administration freed former US Marine … [Read more...] about Opinion: Putin’s prisoner swap calculus

(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

Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?