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PREMIUME-envy: Online commerce platforms vie for consumer loyalty

first_imgE-commerce platforms in Indonesia are competing for consumer loyalty as people continue to shop around on different platforms, joint research by Facebook and Bain & Company shows.The study, titled Riding the Digital Wave: Southeast Asia’s Discovery Generation, found that, on average, people in Indonesia shop across 3.8 different platforms before making a purchase decision.Rahmi Tri Wahyutika, 22, has been an online shopper for about five years and has tried seven different e-commerce platforms so far. Shopee and Tokopedia are her go-to options. “Normally, I compare [prices on] two platforms for small purchases or purchases under Rp 1 million [US$73.16]. But for purchases above Rp 1 million, I check almost every platform,” Rahmi told The Jakarta Post on Thursday. She added that she also shopped at different marketplaces because some brands w… Topics : Facebook consumer-behaviour report e-commerce survey research Facebook Bain-Company Southeast-Asia Indonesia Linkedin LOG INDon’t have an account? Register here Google Log in with your social account Forgot Password ?last_img read more

In role reversal, Egypt sends virus aid to US

first_imgTopics : Egypt on Tuesday flew a plane of medical supplies to the United States to assist in the fight against the coronavirus pandemic, a role reversal for a top US aid recipient.Egypt’s general-turned-president, Abdel Fattah al-Sisi, has been eager to cement relations with President Donald Trump, and his country has already shipped medical goods with fanfare to China and Italy.A video statement from Sisi’s office showed crates in wrapping that read in English and Arabic, “From the Egyptian people to the American people,” being loaded into a military cargo plane. Dutch Ruppersberger, who leads a group in the US House of Representatives that promotes relations with Egypt, said the plane landed at Andrews Air Force base outside Washington.The plane brought 200,000 masks, 48,000 shoe covers and 20,000 surgical caps among other supplies, said Ruppersberger, a Democrat who heads the bipartisan group.”This is why international diplomacy and maintaining relationships with allies like Egypt are essential not in times of crisis, but every day,” he wrote on Twitter.The US ambassador in Cairo, Jonathan Cohen, also voiced appreciation for the “generous” shipment.center_img Egypt has reported 250 deaths from COVID-19 and some 3,300 cases, according to the World Health Organization.It is far below the nearly 45,000 deaths recorded in the United States, which has been scrambling to provide supplies and tests.Still, some questioned whether Egypt, where one-third of the population lives on about $1.50 or less a day, was in a position to offer relief.”Egyptians who are happy and proud that Egypt sent medical supplies to Italy, UK and the US are probably the ones who can afford to pay 10 EGP for a mask,” tweeted a prominent blogger who goes by The Big Pharaoh. Ten Egyptian pounds is more than half a dollar.Egypt last month revoked the press credentials of a journalist from The Guardian who wrote that the country’s COVID-19 infections were higher than reported.Trump has voiced enthusiastic support for Sisi, who toppled Egypt’s elected Islamist president in 2013 and has backed strong relations with Israel.The United States gave Egypt more than $1.2 billion in the 2018 fiscal year, largely in military aid that goes back to US contractors.last_img read more

India backs hydroxychloroquine for virus prevention

first_imgTopics : India’s top biomedical research body on Tuesday backed the use of the anti-malarial hydroxychloroquine as a preventive against coronavirus, after the WHO suspended clinical trials of the drug over safety concerns.The endorsement from the Indian Council of Medical Research came a week after US President Donald Trump said he was taking the drug as a preventative measure.Observational and case control studies in India showed there were “no major side effects” of taking the drug as a prophylactic, ICMR Director-General Balram Bhargava said.  Bhargava added that when the ICMR weighed the risks and benefits of the drug, it decided that “we should not deny it to our frontline workers and healthcare workers.”But he stressed that personal protective gear should still be worn.The previous ICMR guidelines for hydroxychloroquine stated that only asymptomatic healthcare workers caring for suspected or confirmed patients, or household contacts of confirmed patients, could be given the drug.On Monday, the WHO said it was halting testing of the drug as a COVID-19 treatment after studies questioned its safety, including one that found it actually increased the risk of death.Under India’s clinical guidelines for coronavirus treatment, hydroxychloroquine can be administered, but only to patients “with severe disease and requiring ICU management”.India — which accounts for 70 percent of global production of hydroxychloroquine — on Tuesday reported 145,380 cases of the virus including 4,167 deaths.The country ramped up output of the drug amid increased demand, after Trump pushed for hydroxychloroquine as a potential shield or treatment for the virus.center_img Cases of nausea, vomiting and heart palpitations were noted, he added.Last week, the ICMR — which is leading the government’s response to the virus — expanded its advisory for the use of hydroxychloroquine as a preventative measure.The body said all healthcare workers in hospitals and some frontline personnel could now take the drug for up to several weeks under strict medical supervision.”We recommended that for prophylaxis, it should be continued, because there is no harm. Benefit may be there,” Bhargava told reporters.last_img read more

5 reasons why rates won’t rise until 2020

first_imgOne of the nation’s leading economists AMP Capital’s Dr Shane Oliver has house prices as one of the key reasons why RBA’s hands are tied. Picture: Dylan RobinsonA SENIOR economist has laid out five reasons why the Reserve Bank of Australia won’t increase interest rates until 2020. Here they are in English.AMP Capital chief economist Shane Oliver said RBA had left interest rates on hold for 21 months already — and predicted it would be a further 19 months in the economic wilderness before it would be able to increase rates.“A rate hike is now unlikely until 2020,” he said. Five reasons: 1. Growth below RBA expectations: Growth “likely to be between 2.5 per cent and 3 per cent, below RBA expectations for a pick up to 3.25 per cent”. Why? Housing construction is slowing, consumer spending is constrained by slow wages growth, high debt levels and falling house prices in Sydney and Melbourne. Even a tax cut in the Federal Budget won’t offset the drags on growth. 2 & 3. Wages growth and inflation likely to remain low: “Continuing weak wages growth along with excess capacity and high levels of competition in goods markets will keep underlying inflation around the low end of the RBA’s 2-3 per cent target for a lengthy period yet”.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago 4. Bank lending standards will tighten even further: The household debt boom is over with lending standards to get stricter around borrowers’ income, expenses and total debt levels. Biggest impact? Lower income borrowers and high home price to income markets like Sydney and Melbourne.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 8:04Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -8:04 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMay 1: Real Estate Market Wrap08:04 5. House prices are slowing: FOMO is over and that’s pushing prices down. House prices are falling in Sydney and Melbourne (5 per cent drop expected in 2018 and also in 2019), APRA has clamps on investors and interest only loans, affordability issues are rising and so are the number of units available. Things to watch: Any move to lower immigration levels and cut capital gains tax discounts will slow house price growth further. And: “Of course, if the declines in home prices turn out to be deeper the next move could end up being a cut”. Note: Dr Shane Oliver is the Head of Investment Strategy and Chief Economist of AMP Capital.last_img read more

Mandate roundup: LGPS pool names MAC specialist managers

first_imgBorder to Coast Pensions Partnership, the asset manager owned by 11 UK local authority pension funds, has appointed four specialist managers for its multi-asset credit fund.It has selected Wellington Management to run a global high yield strategy, Barings for global syndicated loans, PGIM Fixed Income for securitised credit, and Ashmore to manage emerging market debt investments.Subject to regulatory approval, the fund is scheduled to launch in the first half of 2021 with assets of £2.7bn (€2.89bn).PIMCO was announced as the core manager for the fund in January, with applications to run the specialist single asset class strategies opening a month later. Over 110 managers applied, according to Border to Coast. It said significant emphasis was placed on the quality of the investment approach and the extent to which responsible investment factors were embedded in the investment process.The multi-asset credit fund also incorporates an internally managed emerging market debt sleeve.”The multi-asset credit fund will provide our partner funds with access to the full spectrum of credit assets via high-quality and cost-effective active management,” said Daniel Booth, CIO of Border to Coast.”The selected managers are expected to make a strong contribution to our purpose by making a positive difference to investment outcomes for the LGPS. They represent excellent value for our partner funds relative to similar investment options in the market.”The 11 partner funds, which have combined assets of around £46bn, include Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, North Yorkshire, Surrey, South Yorkshire, Teesside, Tyne and Wear and Warwickshire.Record lands $8bn mandateSpecialist currency manager Record this week announced that, subject to contract, it has been selected for a dynamic hedging mandate of around $8bn (€6.7bn) in size (assets under management equivalent quoted by convention in US dollars). The investor was not named.It said the annualised fee rate for the mandate was consistent with its other dynamic hedging mandates, based on the size of allocation. Assuming contract negotiations conclude successfully, the mandate would build up over time and be revenue-generating by the end of this calendar year, it added.Swiss pension plan seeks EM small cap managerA Swiss workplace pension scheme is using IPE Quest to search for a manager for a $200-400m emerging market equity small cap mandate.According to Search QN-2623, the investor wants an actively managed or strategy or “enhanced” process. The benchmark is to be the MSCI Emerging Market Small Cap, with a maximum tracking error of 5%.Successful applicants will need to preferably have more than $2bn in emerging market small and mid-cap equity and a track record of at least five years but eight is preferred.Performance data should be supplied in US dollars and gross of fees, and stated to 30 June 2020.The deadline for questions is Friday, 25 September. The final closing date is 30 September at 5pm UK time.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Airlines resume Iloilo commercial flights

first_imgDuring a meeting with Defensor on June 18, executives of Air Asia, Cebu Pacific and Philippine Airlines agreed on the 1,500 weekly cap on airline passengers. In Executive Order (EO) No. 128-C issued on Saturday, June 20, Gov. Arthur Defensor Jr. allowed the resumption of commercial flights from Metro Manila to Iloilo and vice versa. Each airline could have twice-a-week flights to the Iloilo Airport, according to CAAP-Iloilo chief Manuela Luisa Palma. “The road, maritime and aviation sectors in public transportation for carriage of passengers shall be allowed to operate in accordance with the guidelines issued by the Department of Transportation…” read part of the EO’s Section 7. ILOILO – After three months of suspension due to the community quarantine, commercial flights have resumed at the Iloilo Airport in Cabatuan town. “We are still under a modified general community quarantine and we still have border restrictions,” stressed Governor Defensor. The sale of airline tickets to locally stranded individuals (LSIs) and overseas Filipino workers (OFWs) – who are not returning or traveling as organized by the Overseas Workers Welfare Administration (OWWA) – shall require a valid government-issued identification card showing relevant information such as residence, citizenship or occupation, provided that no return airline ticket should be issued. There are guidelines to be strictly followed. On Saturday, June 20, 2020, commercial flights have started returning to the Iloilo Airport in Cabatuan, Iloilo. But because of the ongoing coronavirus pandemic, there are strict guidelines to be followed. IAN PAUL CORDERO/PN Also, chartered flights of OFWs shall be separate from the flights carrying LSI passengers. Before the COVID-19 pandemic, the Iloilo Airport served around 25 arrival and departure flights daily. Just this June 16, Defensor approved outbound flights to Manila from the Iloilo Airport but only for locally stranded individuals, employees who have work in Metro Manila and overseas workers who have scheduled flights back to their employment abroad./PN This number would be equally divided among the three airlines. Only a maximum of 1,500 passengers shall be allowed for inbound flights per week. The provincial government must be furnished with the passenger manifest of every flight by the airline and/or Civil Aviation Authority of the Philippines (CAAP) at least two days before the flight. For LSIs and OFWs (who are both returning or traveling as organized by OWWA) the issuance of the boarding pass shall require medical certificate and travel authority and a valid government-issued identification card.last_img read more

Hoosiers and the NBA

first_imgAccording to the Indy Star, these are the Hoosier-born basketball players currently in the NBA.  They are:  Mike Conley, Memphis; Eric Gordon, New Orleans; Gary Harris, Denver; Gordon Hayward, Utah; George Hill, Pacers; Robbie Hummel, Minnesota; Courtney Lee, Memphis; Josh McRoberts, Charlotte; E’tuan Moore, Chicago; Greg Odem, Miami; Zach Randolph, Memphis; Glenn Robinson, Philadelphia; Jeff Teague, Atlanta; Marquis Teague, Oklahoma; R.J. Hunter, Boston; Trey Lyles, Utah; Cody Zeller, Charlotte; and Tyler Zeller, Boston.These young men all played for Indiana high schools.  Hunter and Lyles were drafted this year, so they have not played in the NBA as yet.  Not a bad list for just one state.last_img read more

Long sentence handed down in Decatur County molesting case

first_imgGreensburg, In. —A Decatur County man accused of child molesting has been sentenced to 40 years in prison by Superior Court Judge Matthew Bailey. Based on the plea agreement, Mauricio Palomino will spend up to a maximum time of 35 years in prison and 5 years on probation.Decatur County prosecutor Nathan Harter said, “I am grateful today for the careful consideration of the Court in sentencing Mr. Palomino. The sentence appropriately reflects the harm Mr. Palomino inflicted on his victim and the needs of this community to be safe from offenders like him. While the recorded interviews of the victim and Mr. Palomino were compelling, hearing from the victim and his mother in the courtroom today were convincing. Justice serves the victims that have the courage to come forward. My heart is with the victim and his family as they bravely face down the trauma they’ve experienced and begin the road to healing.”Mr. Harter recognized the efforts of Joe Talkington and Ryan Arbuckle from the Westport Police Department and Abigail Herbert from the Department of Child Services. Video information from the interview of the victim conducted by the Children’s Advocacy Center of Southeastern Indiana in Dillsboro was also very helpful.last_img read more

Qatar completes third World Cup stadium

first_img Read Also: Lionel Messi to return to Barcelona training on Friday On June 5, 2017, Saudi Arabia along with Bahrain, the United Arab Emirates and Egypt cut diplomatic ties, closed their airspace and borders to Qatar and severed economic links. Despite several signs of reconciliation, including Saudi, the UAE and Bahrain participating in a regional football tournament in Doha last year, the dispute remains deadlocked. FacebookTwitterWhatsAppEmail分享 Qatar announced the completion of its third stadium for the 2022 World Cup, state media reported late Thursday, as the emirate prepared to mark three years of a regional feud. The Education City stadium, seen here under construction in May last year, is the third to be completed among eight venues Qatar is readying for the 2022 World Cup Education City stadium had been due to host the semi-final of the Club World Cup on December 18, but its opening was postponed because of delays to certification. “The Supreme Committee for Delivery and Legacy and the Qatar Foundation announce the completion of the preparations for the third FIFA World Cup 2022 stadium, located in Education City,” the state-run Qatar News Agency reported. The Education City ground, named for the surrounding university and research campuses, will host fixtures through to the quarter-finals. After the tournament, half of its 40,000 seats will be donated to build stadiums in developing countries. Two and a half years before the World Cup kicks off, Qatar has already launched the brand new 40,000-capacity Al-Janoub stadium and the refurbished Khalifa International ground. Loading…center_img Five new stadiums remain under construction. Friday marked the third anniversary of a Saudi-led effort to isolate Qatar over claims it supports radical Islamist movements and is too close to Iran. Doha denies the claims.last_img read more

Karl Chevrolet, Karl Performance both return to key roles with IMCA Racing

first_imgANKENY, Iowa – Both Karl Chevrolet and Karl Performance continue integral roles with IMCA Racing in 2016.Karl Chevrolet, the new and pre-owned automotive dealership located in Ankeny, returns as title sponsor for the Northern SportMod division for an 11th consecutive season and will furnish part of the $9,500 point fund to be paid to top 10 drivers in final national standings.More than 1,500 drivers competed in sanctioned Northern SportMod events held in 18 states last year.Karl Performance, the Des Moines-based engine builder, Billy Moyer Victory Race Cars manufacturer and high performance parts retailer returns as sponsor of the heat winner decal program. This is Karl Performance’s 18th season as an IMCA marketing partner.“IMCA racing is the core of our business here at Karl Performance,” Clint Quesinberry, the marketing director at Karl Performance commented. “Between Karl Chevrolet and Karl Performance, we are happy to give back and be involved with the sport that drives our business and are excited to have an impact in 2016 and beyond.”Modified, Northern SportMod or Hobby Stock champions who win IMCA Speedway Motors Super Nationals fueled by Casey’s titles with crate motors receive a new GM 604 or 602 crate from Karl Chevrolet. Drivers in any division winning with claim motors get engines from Karl Performance.“Carl Moyer is one of the great ambassadors for dirt track racing in America and it’s really an honor to partner with him in so many endeavors,” IMCA Marketing Director Kevin Yoder commented. “Renewing their commitment to not only our growing Northern SportMod division, but the engine program at Super Nationals is important for a variety of reasons.”“The stability and generosity they’ve shown toward Super Nationals Champions is a cornerstone to our contingency award package and makes the post-race engine auction at Boone Speedway the most unique spectacle in motorsports,” concluded Yoder.All Northern SportMod, Southern SportMod and Hobby Stock drivers must display two Karl Chevrolet decals on their race car to be eligible for point fund checks, which will be presented during the national awards banquet in November or mailed beginning the following week from the IMCA home office.Karl Performance decals go to heat winners in all IMCA divisions at sanctioned events. Drivers winning at least 10 heat races and providing a photo of their car showing the affixed decals to IMCA receive a $50 product certificate.More information is available at the www.karlchevrolet.biz or www.karlperformance.com websites.last_img read more