This article first appeared in The Edge Malaysia Weekly, on May 16, 2022 - May 22, 2022. Klang Valley Data Centre in Cyberjaya - A + A WITH 5G and digital services being two key growth areas, Telekom Malaysia Bhd (TM) is actively seeking partners and solutions in the digital space to strengthen its value proposition. And it is not discounting the possibility of acquisitions or joint ventures taking place this year. “That [the need to invest to be better positioned for new growth areas] is partly why we are looking at conserving our cash position,” its managing director and CEO Imri Mokhtar tells The Edge. “We are actively scouting the market [for acquisitions]. As we go into more specific projects, for example, we do need to acquire some of these specialists or boutique technology companies to complement [our portfolio].” Deals being sought include cloud computing, smart workforce, productivity and specialised industry-based solutions to bolster its … [Read more...] about Cover Story: Telekom on the prowl for M&A, JV to grow new digital services unit Credence
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Ray Dalio’s Power Score Index: US, China on top, India at 7
File photo of Ray Dalio, founder of Bridgewater Associates. Ray Dalio, billionaire investor and founder of Bridgewater Associates, released his inaugural Country Power Score Index, which, in his own words, analyses “what makes countries healthy and unhealthy, and how policymakers’ decisions impact the trajectories of their countries.” The list places the US on top in a state of gradual decline, while China is No. 2 in rapid ascent. India is ranked 7th in ascent. In tweets posted on May 25, Dalio said the report comes from his 50-year experience as a global macro-investor and added that he “likes to quantitatively measure” impact to help build systems for better decision-making. The power score index shows the levels of 18 types of strengths and combines them into an aggregate measure of power for the top 24 countries. Besides current placements, the index can be used as a “good leading indicator of future conditions” and “serve as a guide for policymakers to produce … [Read more...] about Ray Dalio’s Power Score Index: US, China on top, India at 7
Australia, China foreign ministers vie for influence with Pacific visits
Penny Wong - A + A SYDNEY (May 26): Australia's Foreign Minister Penny Wong said Canberra will listen to Pacific islands who had "led the global debate" on climate change, and be a partner that does not come with strings attached. Wong's speech to the Pacific Islands Forum secretariat in Fiji on Thursday came as China's foreign minister arrived in the region seeking a sweeping 10-nation deal on security and trade that has further unnerved the United States and its Pacific allies. In pointed remarks, Wong said the 50-year-old regional forum, of which Australia was a member, was the "heart of Pacific regionalism". She said Australia had previously disrespected Pacific nations' struggle with climate change and rising sea levels, and the new Labor government would do more, including financing climate infrastructure and offering migration and work pathways to Australia for Pacific citizens. "The triple challenges of climate, Covid, and strategic contests will … [Read more...] about Australia, China foreign ministers vie for influence with Pacific visits
Foreign investors have a thing for Korean bonds
Foreign investors are scooping up Korean bonds while retreating from its stocks. The foreign buying spree for local bonds is fueled by higher yields driven by the country’s base interest rate of 1.25 percent, which recovered to its pre-pandemic level before the United States announced its rate hike, and instability in the European market. In February, foreign investors net sold domestic stocks worth 2.6 trillion won ($2.1 billion), while net purchasing bonds worth 6.4 trillion won, according to the Financial Supervisory Service. Of the 6.4 trillion-won in bonds purchased by foreigners in February, 2.5 trillion won matured in the same month, meaning that net investments from abroad amounted to some 4 trillion won in February. Bond purchases by foreign investors have seen a steady increase since last year. The total amount of listed bonds in Korea owned by foreigners reached a fresh high for the 14th straight month of 221.9 trillion won in February, up 46 percent from January … [Read more...] about Foreign investors have a thing for Korean bonds
16 great children’s books for the holidays – curated by a real mom and a group of terrific kids!
Books for children aged 5-13, across genres from mystery to fun facts. (Image: eShe) It’s that time of the year again. With scorching temperatures soaring every day, you’re probably wondering how to keep your kids busy and engaged at home during the upcoming summer vacations. Well, here is a curated list of 16 recently released books for children – all tried and tested by a real mom and a group of terrific kids from ages five to 13! The books span a wide range of interesting themes – from inspiring women to values, mountain tales, mysteries and fantasy worlds. We hope you find them useful and they keep your little ones entertained! Inspiring Women Kamala and Mayan’s Big Idea by Meena Harris, illustrated by Ana Ramirez Gonzalez (5+ years): An inspiring true story about two young sisters, Kamala and Maya, who have a big idea: of turning their empty apartment courtyard into a playground. The two girls preserve in the face of disappointment, and with the help of their … [Read more...] about 16 great children’s books for the holidays – curated by a real mom and a group of terrific kids!
Davos: Germany seeks “multipolar” world amid climate protest
DAVOS, Switzerland — German Chancellor Olaf Scholz expressed hopes Friday for global cooperation on climate change, hunger and war, while dozens of climate activists demonstrated in the Swiss town of Davos as a meeting of global elites ended with many words but little concrete action to solve the world’s most pressing crises. The German leader ratcheted up his criticism of Moscow’s military onslaught in Ukraine during a speech on the last day of the World Economic Forum’s annual meeting. He said Russian President Vladimir Putin “wants to return to a world order in which the strongest dictate what is right, in which freedom, sovereignty and self-determination are not.” Voicing hopes for countries to work together on shared crises, Scholz said today’s world is no longer bipolar as it was during the Cold War era — when United States and the Soviet Union dominated geopolitics. “If some want to take us back to the past of nationalism, imperialism and war, our answer is ‘not with us.’ … [Read more...] about Davos: Germany seeks “multipolar” world amid climate protest
Contemplate Charleston, S.C.’s Duality With William H. Johnson At The Gibbes Museum Of Art
Share to Twitter Share to Linkedin Charleston’s staggering beauty–mansions along The Battery, sunrises over its harbor, camellias and azaleas –tends to numb visitors of its ugly history. A short boat ride into that harbor finds Fort Sumter where the opening cannonade of the Civil War was fired by white Southerners rebelling in order to protect their assumed right to hold people in bondage. More recently, in 2015, a white supremacist massacred nine Blacks at an African American church there . The latest in America’s unending string of mass violence by white supremacists occurring earlier this month calls forward memories of Charleston and El Paso and Pittsburgh and Atlanta and Oklahoma City and Tulsa and Rosewood and Oconee . What to do with places like this? Condemn? Memorialize? Move on? Questions for each individual to decide with the Gibbes Museum of Art in Charleston’s “Fighters for Freedom: William H. Johnson Picturing Justice,” … [Read more...] about Contemplate Charleston, S.C.’s Duality With William H. Johnson At The Gibbes Museum Of Art
[WHY] Is it really safe to leave valuables lying around in Korea?
Parcels are left in front of a door. In Korea, packages are left generally outside to avoid unnecessary contact during the Covid-19 pandemic. [SHUTTERSTOCK] Leave a package on your doorstep in Korea and see what happens — nothing, it will still be waiting for you untouched a week later. The idea that parcels can be left outside unattended without any risk in Korea isn't new, but the practice has increased dramatically during the Covid-19 pandemic as companies ditched direct deliveries. Delivery workers no longer ring people’s doorbells and hand over packages. Instead, most e-commerce and logistics companies including Coupang, CJ Logistics, Hanjin Transport and Lotte Global Logistics have changed to a contact-free delivery system. Simply leaving packages on people’s doorsteps means the delivery is finished, limiting unnecessary contact that might spread Covid-19. Other countries have changed their delivery policies during the pandemic, but their solutions aren’t as simple as … [Read more...] about [WHY] Is it really safe to leave valuables lying around in Korea?
Rising cost of living must be addressed
Recently, the issue of the increase in the cost of living has become a hot topic once again. The public is saddled with growing concerns over the shortage of chicken supply, food security, coupled with the rising prices of essential goods whilst e-hailing companies up their fares. The flow-down effects arising from the rising prices of goods and services will result in similar price hikes of non-controlled goods and services, such as, milk and disposable diapers, children's pocket money, school bus fares, meals, vehicle fuel expenses and others. In fact, the issue of the rising cost of living is a global issue faced around the world including developed countries such as the United States, United Kingdom, Korea and Japan. Malaysia is no exception in experiencing a jump in daily living costs. Wanita MCA takes this issue seriously, more so, for people residing in urban areas. This is because rising living costs will cause psychological stress in the household, which can lead to … [Read more...] about Rising cost of living must be addressed
Why did Tesla drop its EV plans in India?
Representative image The constant tug-of-war between the Indian government and Elon Musk appears to have finally ended, although it’s hard to determine who here has lost the battle. Earlier today, a report by Reuters stated that Elon Musk has decided to put his Tesla India plans on hold after a prolonged stalemate with the government, which didn’t give in to his demands for reduced tariffs. The news has cast a dark shadow on the prospects of foreign EV brands setting-up shop in India, with Tesla having been the most anticipated player to enter the Indian EV market. While Musk himself hasn’t commented on the matter, Tesla’s exhortations for lower import duties on cars over the $40,000 bracket are a matter of public record. The brand had earmarked February 1st of this year to make a decision based on the annual budgetary hearing. Given that its demands for concessions went unheeded, the brand reassigned those involved with its India operations to other tasks as Tesla continues … [Read more...] about Why did Tesla drop its EV plans in India?