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Agence France-Presse (The Jakarta Post) PREMIUM New Delhi/Tokyo   ● Tue, March 21 2023 Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and technology ties, as well as shared concern about China. India and Japan, along with the United States and Australia, make up the Quad alliance, which positions itself as a bulwark against China's growing assertiveness in Asia under President Xi Jinping. Ties between India and China have been frosty since 2020 when 20 Indian troops and at least four Chinese soldiers were killed on their disputed Himalayan frontier. 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 articles for free … [Read more...] about Japan’s Kishida visits India with eye on trade, China

AFP PREMIUM New Delhi, India   ● Tue, March 21, 2023 Japanese Prime Minister Fumio Kishida on Monday called India vital to ensuring a free and open Indo-Pacific after talks with his counterpart touching on shared concerns about China. Speaking in New Delhi after meeting Prime Minister Narendra Modi, Kishida laid out plans for billions of dollars in investments in infrastructure and other sectors across the region. "I have described Japan's plan to develop a free and open Indo-Pacific. To achieve this, India is an indispensable partner," Kishida 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 Register to read 3 premium articles for free Already subscribed? login Or let Google manage your … [Read more...] about Kishida says India ‘indispensable’ in ensuring free Indo-Pacific

Photo by Fadil Fauzi for Unsplash Indonesia has become the epicentre of Covid-19 in Asia as the daily case count has exceeded India’s. The country reported 56,757 new cases and 982 coronavirus-related deaths yesterday, surpassing India’s count of 39,072 new cases and 544 deaths. With the highest number of daily cases, the archipelago country of 270 million people is now the new Covid-hotspot in Asia, and if the spread continues at its current rate, experts say it could send the nation’s healthcare system into chaos. But to put that into perspective, per capita, it’s about the same rate of new cases as Thailand at this time. Some speculate that the numbers in Indonesia are in fact much higher than reported. In Jakarta, almost half of the 10.6 million residents contracted Covid-19, according to a recent survey. With the recent uptick in cases said to be due to the emergence of the highly transmissible Delta variant, officials are concerned the healthcare system won’t be able to … [Read more...] about Indonesia now Asia’s Covid-19 epicentre as daily cases exceed India

Share to Twitter Share to Linkedin After 18 years as CEO in Kaiser Permanente , I set my sights on improving the heatlh of the nation, hoping to find a way to achieve the same quality, technology and affordability our medical group delivered to 5 million patients on both coasts. That quest launched the Fixing Healthcare podcast in 2018, and it inspired interviews with dozens of leaders, thinkers and doers, both in and around medicine. These experts shared innovative ideas and proven solutions for achieving (a) superior quality, (b) improved patient access, (c) lower overall costs, and (d) greater patient and clinician satisfaction. This month, after 150 combined episodes , three questions emerged: Which of the hundreds of ideas presented remain most promising? Why, after five years and so many excellent solutions, has our nation experienced such limited improvements in healthcare? And finally, how will these great ideas become reality? … [Read more...] about 15 Innovative Ideas For Fixing Healthcare From 15 Brilliant Minds

Share to Twitter Share to Linkedin Jakob Rost, CEO and cofounder at Ayoconnect . With over a decade of experience in e-commerce, fintech and financial services in Indonesia's tech industry, I have gained valuable insights into the evolution of open banking. Open banking has gained significant traction in recent years as a transformative concept in the financial industry. The pandemic has accelerated this adoption even further, as evidenced by the increased popularity of neobanks and alternative financial services aiming to enhance the digital banking experience. According to a report by Polaris Market Research , the global open banking market size was valued at $16.14 billion in 2021 and is projected to reach $128.12 billion by 2030, growing at a CAGR of 26.8% during the forecasted period. Polaris' research also highlighted the Asia Pacific region as the one that will experience the most growth over the forecast period, a trend that I have … [Read more...] about Learning From The Evolution Of Open Banking

By VLADIMIR ISACHENKOV (Associated Press) MOSCOW (AP) — Russian President Vladimir Putin warmly welcomed Chinese leader Xi Jinping to the Kremlin on Monday, a visit that sent a powerful message to Western leaders allied with Ukraine that their efforts to isolate Moscow have fallen short. Xi’s trip — his first abroad since his re-election earlier this month — showed off Beijing’s new diplomatic swagger and gave a political lift to Putin just days after an international arrest warrant was issued for the Kremlin leader on war crimes charges related to Ukraine. The two major powers have described Xi’s three-day trip as an opportunity to deepen their “no-limits friendship.” China looks to Russia as a source of oil and gas for its energy-hungry economy, and as a partner in standing up to what both see as U.S. domination of global affairs. The two countries, which are among the five permanent members of the U.N. Security Council, also have held joint military drills. They shook … [Read more...] about Putin welcomes China’s Xi to Kremlin amid Ukraine fighting

The US has surpassed the 6 million mark for the total number of Covid-19 cases. Brazil (3.7 million) and India (3.3 million) are the countries with the 2nd and 3rd highest number of cases. Around the world there is now a total of 24,331,524 Covid-19 cases, 829,664 deaths with 16,872,542 recorded as ‘recovered’. Of note, both the trend in new cases and deaths is dropping again, gradually. Other important milestones and trends int he world’s fight with the pandemic…. • The Philippines eclipsed Indonesia as SE Asia’s highest total number of cases just 3 weeks ago, but has now passed the 200,000 mark with Indonesia at 160,000. Related news North Korea conducts nuclear tests, spews rhetoric 14 hours ago Donald Trump faces arrest, but is back on Facebook 2 days ago • Singapore appears to have its 2nd wave under more control now, with 30-60 cases new cases being registered each day, over the past 3 days, versus the 1,000+ per day in … [Read more...] about US surpasses 6 million Covid-19 cases whilst the world trend is ‘down’

LONDON  – Just over $17 billion worth of Credit Suisse bond s, known as Additional Tier 1 or AT1 , debt will be written down to zero on the orders of the Swiss regulator as part of a rescue merger with UBS. Under the deal, holders of Credit Suisse AT1 bond s will get nothing, while shareholders, who usually rank below bond holders in terms of who gets paid when a bank or company collapses, will receive $3.23 billion. AT1 bond s issued by other European bank s fell sharply on Monday as the treatment of Credit Suisse AT1 bond holders highlighted the risks of investing in this type of debt. Here are some of the implications of the Credit Suisse AT1 bond write-down. What is an AT1 bond ? AT1 bond s – a $275-billion sector also known as “contingent convertibles” or “CoCo” bond s – act as shock absorbers if a bank ‘s capital levels fall below a certain threshold. They can be converted into equity or written off. They make up part of the … [Read more...] about Why markets are in uproar over a risky bank bond known as AT1

Japan Prime Minister Fumio Kishida shakes hands with his Indian counterpart Narendra Modi before their meeting at the Hyderabad House in New Delhi, India, March 20, 2023. REUTERS/Adnan Abidi TOKYO/NEW DELHI  – Japan ‘s Prime Minister Fumio Kishida on Monday announced a new plan to promote an open and free Indo – Pacific , promising billion s of dollars in investment to help economies across the region in everything from industry to disaster prevention. The plan he announced in New Delhi is seen as Tokyo’s bid to forge stronger ties with countries in South and Southeast Asia to counter China ‘s growing assertiveness there. Kishida also said Japan wanted Russia’s invasion of Ukraine to end as soon as possible and called on the “Global South”, a broad term referring to countries in Africa, Asia, Oceania and Latin America, to “show solidarity” after his talks with Indian Prime Minister Narendra Modi. Kishida said there were four “pillars” to Japan ‘s new Indo … [Read more...] about Japan plans $75-B investment across Indo-Pacific to counter China

Share to Twitter Share to Linkedin For the decade that preceded 2022, the acronym TINA (There Is No Alternative) applied well to stocks . As central banks used every excuse to flood the system with liquidity, yields were driven to zero, and it seemed that the only way to get any return was to buy stocks. Investors gorged on index funds, and passive ETFs overtook actively managed investments. Alas, as central banks realized that inflation, long thought dead, was a real problem, and raised interest rates aggressively, yield curves inverted to historic levels, making short duration Treasury Bills the only safe, viable investment alternative, leading to “TINAC” (There Is No Alternative To Cash). But inverted yield curves are not a stable healthy state of affairs for economies, and as expected, have eventually resulted in financial market breakage which we have been observing for the last two weeks and especially this weekend as Credit Suisse, once my employer, has … [Read more...] about GITA: Gold Is The Alternative