Indonesia

AARHUS (Xinhua) - Almost two decades of pain and heartbreak finally ended on Sunday (Oct 17) for Indonesian badminton as the men's team captured the Thomas Cup, beating fierce rivals and defending champions China 3-0 in a tense but ultimately one-sided final. This was Indonesia's 20th appearance in the showpiece finale and a record-extending 14th title. Their last triumph though was in 2002, after losses in 2010 (3-0 to China) and 2016 (3-2 to Denmark). This time, at the Ceres Arena in the Danish city of Aarhus, there was no falling at the final hurdle as Indonesia exacted revenge for that 2010 defeat as well as final losses to the Chinese in 1982 and 1986. Tokyo 2020 bronze medalllist and world No. 5 Anthony Sinisuka Ginting survived a marathon opening tie before outlasting Lu Guangzu 18-21, 21-14, 21-16 in 77 minutes to give Indonesia the lead. Seventh-ranked doubles pair Fajar Alfian and Muhammad Rian Ardianto were next and showed their class, taking out He Jiting and Zhou …

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Inflation rate WITH a light week of economic data ahead, the markets will focus on the September consumer price index (CPI) due on Friday. The Statistics Department will also be releasing the leading index for August 2021 on Friday. The inflation rate is expected to be 2.3% by the end of this quarter, according to Trading Economics global macro models and analysts’ expectations. In August 2021, the CPI rose 2% to 122.5 against 120.1 in the same month of the preceding year. The CPI for the period of January to August 2021 increased 2.3% as compared to the same period last year. Meanwhile, Bursa Malaysia and its subsidiaries will be closed tomorrow in conjunction with Prophet Muhammad’s Birthday. China GDP CHINA will release its third-quarter (Q3) gross domestic product (GDP) alongside industrial production and retail sales data today. IHS Markit said following a brief spike in Covid-19 cases in Q3, which brought along mobility restrictions in certain regions, growth …

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Thomas Cup 2020 in Aarhus, Denmark: Anthony Sinisuka Ginting (pictured) of Indonesia survived a marathon opening tie before outlasting China's Lu Guangzu on Sunday Oct 17, 2021. (Photo by Reuters) - A + A AARHUS, Denmark (Oct 17): Indonesia finally ended an almost two-decade wait to lift the prestigious Thomas Cup, after beating defending champions China 3-0 in the finals at the Ceres Arena on Sunday. Despite being the most successful team in the tournament’s history with 13 titles, the last time Indonesia won the trophy was in the 2002 edition in Guangzhou, China, when they beat Malaysia 3-2. World number five Anthony Sinisuka Ginting set the pace by clinching the first point for Indonesia, bouncing back from a set down to defeat world number 27, Lu Guangzu, 18-21, 21-14, 21-16 after a hard-fought battle that took well over an hour. "In the first set, I was a little nervous and Guang Zu was more aggressive. But I managed to get out of the pressure in the …

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Share to Twitter Share to Linkedin On the occasion of the 60th anniversary of the Organization for Economic Cooperation and Development (OECD) and the 10th anniversary of its New Approaches to Economic Challenges (NAEC) an interview with William Hynes, Senior Advisor to the Secretary General and the Head of the New Approaches to Economic Challenges (NAEC), its illustrious think tank. It is an open exchange about the faultiness in the current financial system and the urgent need for a novel, inter-disciplinary approach to the flaws affecting society, nature, and the financial architecture. A clear call for new system think away from traditional economic doctrine. F - Can you briefly describe your role at the OECD and specifically as the Head of the New Approaches to Economic Challenges (NAEC)? WH - The New Approaches to Economic Challenges (NAEC) Initiative was established in 2012. The objective was to distill lessons from the Global Financial …

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Share to Twitter Share to Linkedin Embedding financial products has been a buzzing topic in fintech and insuretech. On the heels of Insuretech Connect (and a panel I moderated sharing the name of this piece), I wanted to share a few reflections on embedded insurance, where we are today and where the sector is going. First, what is embedding financial products , and particularly insurance? It can range on the one end from using novel distribution channels to sell existing products in new ways (e.g. getting your title insurance for your home as part of your online mortgage refinancing with companies like Spruce), to much deeper embedding (and where I think the most exciting innovations will come from in next few years) where the product is a feature of your purchase (e.g. a Tesla TSLA includes the car insurance when you purchase it). In this piece, we explore a few drivers for the movement, where we’ll see adaptation and what dislocations are coming. …

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- A + A (Oct 18): Asia stocks are poised to start the week higher as investors weigh corporate earnings against concerns about inflation and the economic recovery. Futures rose in Japan, Australia and Hong Kong. U.S. contracts edged up as stocks advanced on Friday, with the S&P 500 chalking its best week since July as earnings buoyed sentiment. Bond yields in New Zealand and the kiwi dollar gained after New Zealand’s inflation accelerated to the fastest pace in 10 years. Yields on Australia’s three-year bond surged more than 10 basis points. Treasury yields climbed on Friday. The dollar was mixed versus its major peers. China’s third-quarter gross domestic product due Monday along with monthly industrial and investment data will be closely watched to gauge the severity of electricity shortages. Meanwhile, People’s Bank of China Governor Yi Gang said authorities can contain risks posed to the Chinese economy and financial system from the struggles of China …

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klia2 on Oct 11. CGS-CIMB said investor optimism about the nascent resumption of domestic and international air travel had lifted share prices to levels it no longer considered attractive. (Photo by Mohamad Shahril Basri/The Edge) - A + A KUALA LUMPUR (Oct 18): CGS-CIMB Research has downgraded the aviation sector from "overweight" to "neutral", with Malaysia Airports Holdings Bhd (MAHB), Singapore Airlines and SATS Ltd downgraded from "add" to "hold". The research house downgraded its calls back to "hold" after strong share price performances driven by market optimism about rising global Covid-19 vaccination rates and the positive outlook for domestic and international air travel restoration in the next three to six months. It broadly forecast that international pax traffic for Malaysian and Singapore aviation players will recover to 40% to 50% of pre-pandemic levels of 2019 in 2022, and to 70% to 80% in 2023. “These forecasts are based on our observations …

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SINGAPORE - Data Center First, a Singapore-based company, announced on Monday (Oct 18) that it would launch its maiden data centre in the Indonesian island of Batam in order to strengthen connectivity and digital links between Singapore and the area. The data centre operator announced the 30MW data centre would be housed in Nongsa Digital Park in Batam. This will make Data Center First the first international data centre operator to establish a presence on the island. Nongsa One - as the new data centre is called - is expected to be completed by the end of 2023. It will be designed and constructed to Uptime Tier III standards, which refer to the data centre's capability to maintain power and cool the facility. A tier III data centre requires no shutdowns when equipment needs maintenance or replacement. The company said in a press release: "The growing demand of Indonesian Internet users driven by a more open and competitive telecommunications industry in Indonesia continues …

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China's commitment to achieving carbon neutrality by 2060, now enshrined in its 14th Five-Year Plan, has been met with international enthusiasm. If China succeeds, it could singlehandedly reduce global temperatures by 0.25 degrees Celsius, relative to their expected rise. But is its plan realistic? Getting to carbon neutrality is a formidable challenge for any country, especially one with a large and developing economy. There are two dimensions to the problem: reducing economic activities that produce greenhouse-gas (GHG) emissions, and producing fewer emissions either through offsets such as reforestation or by substituting renewable energy sources for fossil fuels. In China's case, GHG-emitting economic activities are unlikely to decline. China is a middle-income country with 1.4 billion people, around half of whom live on incomes equal to or lower than those of Sub-Saharan Africa. Even if China can develop its high-tech sectors (as the new plan aims to do), there will still be …

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Image source: The Motley Fool. Karooooo Ltd. ( NASDAQ:KARO ) Oct 15, 2021 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day. Welcome to Karooooo Limited results presentation for the second quarter of 2022. Hosting you today is Mr. Zak Calisto, CEO and founder of Karooooo Limited. Zak Calisto -- Chief Executive Officer and Founder Thank you very much, operator. Firstly, I would like to thank everybody for joining us on today's call. And good morning, good afternoon, and good evening wherever you find yourself. We have the disclaimer that shareholders can read through their own leisure. Karooooo is the owner of 100% of Cartrack. Cartrack was founded in South Africa. Karooooo is a Singaporean entity, and we headquartered in Singapore. In our view, all vehicles will be connected and that will drive all aspects of mobility in the future. Our mission, to build the leading …

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