Financial Supervisory Service building in Yeouido, western Seoul. [YONHAP] Assets of financial holding companies increased 7.4 percent in the first half compared to six months earlier as demand for loans rose, Financial Supervisory Service (FSS) data showed Tuesday. Total assets of the 10 financial holding companies increased 194 trillion won ($164 billion) to reach 2,823 trillion won. The 10 companies are KB, Shinhan, Nonghyup, Woori, Hana, BNK, DGB, JB, Korea Investment and Meritz Holdings. By categories, assets owned by investment firms grew the fastest — increasing 18.9 percent or 48.3 trillion won. This was due to an increase in the value of equities they hold and increases in deposits by retail investors for stock trading. Assets of commercial banks increased by 6.5 percent or 128.6 trillion won from a surge in loans. At credit card companies, assets grew by 7.1 percent or 10.3 trillion won from January to June. For insurance companies, assets increased by 3.7 percent … [Read more...] about Finance sector sees healthy rise in assets in first half
Student loan consolidation
Alessandro Riggio On How To Manage And Grow The World’s Biggest Social Media Personalities
Share to Twitter Share to Linkedin The world of social media is competitive, but enormous and with endless possibilities for those who excel. Alessandro Riggio got started in the social media game in 2010 and today manages some of the largest names in the industry. Khaby Lame (who this week became number 1 on TikTok with 145 million followers, ahead of Charli d’Amelio), Serena Williams , Douglas Costa , Brahim Diaz , and Alvaro Morata - to name a few. Few have been around since the early days of social media, let alone to rise to the top. However, Alessandro proved not only his abilities, but also his passion when he rose from a film student to become one of the world’s top social media managers. As an example, Alessandro took on Khaby Lame as a client when he had 1,000 Instagram followers - fast forward to today where Khaby boasts around 80 million. Ale is an Italian entrepreneur who built a name for himself by bringing his clients to the … [Read more...] about Alessandro Riggio On How To Manage And Grow The World’s Biggest Social Media Personalities
Malaysia, Australia reaffirm commitment to strengthen strategic partnership
Foreign Minister Datuk Seri Saifuddin Abdullah (right) shakes hands with Australian Foreign Minister Senator Penny Wong after holding a press conference at Wisma Putra on Tuesday, June 28, 2022. (Bernamapix) - A + A PUTRAJAYA (June 28): Malaysia and Australia reaffirmed their commitment to enhance cooperation in multifaceted areas of mutual interest, driven by Comprehensive Strategic Partnership (CSP) that both countries will build on. Foreign Minister Datuk Seri Saifuddin Abdullah said he and his Australian counterpart Penny Wong had discussed in depth the various positive growth areas under the CSP. The areas of growth include economy, people-to-people relations, technology as well on stability and security in the region, especially in the post Covid-19 pandemic period and beyond. “We expressed our delight and satisfaction towards the positive growth of our multifaceted cooperation, especially in the post Covid-19 pandemic period. “Malaysia is confident … [Read more...] about Malaysia, Australia reaffirm commitment to strengthen strategic partnership
Walgreens abandons Boots sale amid volatile debt market
- A + A LONDON (June 28): Walgreens Boots Alliance Inc is abandoning the sale of the Boots drugstore chain in the UK citing "unexpected and dramatic change" in the global financial markets since launching the sales process in January. The American healthcare group had been in talks with a consortium between Reliance Industries Ltd and Apollo Global Management Inc over the more than £5 billion (US$6.1 billion) sale of Britain's biggest pharmacy chain. As a result of "market instability severely impacting financing availability, no third party has been able to make an offer that adequately reflects the high potential value of Boots", Walgreens said in a statement on Tuesday. The recent strong performance of Boots, and its key No7 beauty brand, is also behind the decision to retain the business, the company added in the statement. The Boots sale was considered a litmus test for dealmaking in the UK with credit markets becoming increasingly fragile. The easy financing … [Read more...] about Walgreens abandons Boots sale amid volatile debt market
Malaysian Bar: Shafee more qualified than Queen’s Counsel to lead Najib’s SRC appeal
- A + A KUALA LUMPUR (28 June): The Malaysian Bar, who is objecting to Datuk Seri Najib Razak's bid to hire a lawyer from the United Kingdom for his final appeal in the SRC International corruption case, has said that the former prime minister's current lawyer Tan Sri Muhammad Shafee Abdullah is more experienced and qualified to lead the appeal. In an affidavit against Najib's bid to appoint Queen's Counsel (QC) Jonathan Laidlaw to handle his appeal at the Federal Court, Bar Council secretary Anand Raj said that there are 21,659 advocates and solicitors in Malaysia who are in valid possession of a "Sijil Annual and Practicing Certificate". "Local advocates and solicitors have the requisite expertise and experience in the various aspects of the law and jurisprudence in respect of the appeal and any other cause or matter related thereto," he said. Anand said that Laidlaw does not have the experience of practising in the country's local courts and he would need to … [Read more...] about Malaysian Bar: Shafee more qualified than Queen’s Counsel to lead Najib’s SRC appeal
The UK government has taken a stake in a sex party startup
London (CNN Business) British taxpayers now officially hold shares in a company that throws sex parties. A government loan provided to Killing Kittens to help it through the pandemic has converted into an equity stake in the company, the British Business Bank confirmed on Tuesday. Killing Kittens, which organizes women-led adult parties in cities including London and New York, secured the investment in 2020 from the UK government's Future Fund, which was designed to help startups survive the coronavirus pandemic. The company was founded by Emma Sayle in 2005, and organizes members-only parties in exclusive venues where "established gender stereotypes" are challenged, according to its website . It recorded a 330% increase in traffic to its website during coronavirus lockdowns, and now calls itself "the fastest-growing adult social network." At one point, the pandemic forced the company to move all its events and workshops online, accelerating … [Read more...] about The UK government has taken a stake in a sex party startup
In other SCOTUS news: Supreme Court ruling boosts school prayer
The Supreme Court of the United States has handed down a bevy of decisions in the past week as it nears the end of its term and prepares to adjourn for summer recess. advertisement advertisement The court’s latest decision , posted Monday morning, rules that a high school football coach was exercising a constitutional right in praying on the field after games, in a case that could erode the separation of church and state across the country. The case centers on Joseph Kennedy, an assistant coach at a public high school in Bremerton, Washington, a small community outside of Seattle. For eight years, Kennedy would routinely pray at the 50-yard line immediately after games—often joined by student athletes, who would surround him, heads bowed, at the field’s midway mark. After an opposing coach commented on the practice at one of these games, the Bremerton School District warned Kennedy not to pray if it would involve students. A clash followed over … [Read more...] about In other SCOTUS news: Supreme Court ruling boosts school prayer
K to 12 curriculum ‘too overcrowded’: Gatchalian seeks focus on Math, Reading
Senator Sherwin Gatchalian (File photo from the Senate PRIB) MANILA, Philippines — Citing what experts flagged as a “too overcrowded” K to 12 curriculum, Senator Sherwin Gatchalian on Tuesday pushed for more focus on younger students’ abilities to read and deal with numbers. Gatchalian cited the observations of education experts who found that the K to 12 curriculum “needs decongesting” as it requires learners to study too many competencies, eventually affecting their capability to master basic abilities. The senator, who is set to stay as chairman of the Senate basic education committee under the next Congress, raised this concern as the incoming administration said it would review the K to 12 program. Gatchalian said there is a need to refine the curriculum for Kindergarten to Grade 3 learners. READ: ‘K-12 promises never fulfilled’: Gatchalian backs review of program He also pointed to international assessments that showed that the country’s learners are struggling in … [Read more...] about K to 12 curriculum ‘too overcrowded’: Gatchalian seeks focus on Math, Reading
Suspect ‘Executed’ 9-Year-Old Daughter Of Ex-Lover, On The Run, Police Say
Houston authorities are searching for a gunman on the run who allegedly “executed” a 9-year-old girl and injured her mother Monday night. The mother was watching television with her three children, ages nine, three and one when her ex-boyfriend, Jeremiah Jones, allegedly showed up at the apartment shortly before 11:00 p.m., according to Fox Houston . “The family got separated. The suspect here, executed a nine-year-old little girl in the apartment with a handgun,” Det. Sgt. Michael Cass said. “He then went after the mother and she was shot.” The mother was reportedly shot near the shoulder and was taken to a local hospital for treatment. The nine-year-old girl was taken to the hospital with a gunshot wound to the head and was pronounced dead, according to the report. Jones has been charged with capital murder and was out on bond for gun-related crimes at the time of the shooting. (RELATED: ‘How To Murder Your Husband’ Author Sentenced For Murdering Her Husband) … [Read more...] about Suspect ‘Executed’ 9-Year-Old Daughter Of Ex-Lover, On The Run, Police Say
Supreme Court Backs School Football Coach Who Was Punished For Praying
Share to Twitter Share to Linkedin Topline A high school in Washington wrongly punished a football coach after he prayed on the field, the Supreme Court ruled Monday, potentially paving the way for fewer restrictions on how public school employees can express their religion while on the job despite Constitutional restrictions on religion in schools. Key Facts The court sided 6-3 with Joseph Kennedy, a former high school football coach in Washington who was punished after praying on the football field during games, which the school said violated the separation of church and state. Kennedy argued that the school district unlawfully violated his First Amendment rights to free exercise and free speech, which the Supreme Court agreed with. In a ruling that split along ideological lines, the justices ruled that Kennedy was not “acting within the scope of his duties as a coach” because he was praying after the game ended and wasn’t doing any of … [Read more...] about Supreme Court Backs School Football Coach Who Was Punished For Praying