SINGAPORE (AP) — Two Singapore mosques that authorities say were the targets of a planned terrorist attack by a 16-year-old student have remained open as police step up patrols in the area. Staff at the Assyafaah Mosque and Yusof Ishak Mosque in northern Singapore said already-frequent patrols had been tightened. Singapore authorities on Wednesday said they had detained without trial an ethnic Indian Christian teen who was preparing to launch “terrorist attacks” on the mosques with a machete. They said he was inspired by an Australian white supremacist who killed 51 worshippers at two mosques in Christchurch in New Zealand in 2019.
1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: David KarlDuring my days as an independent consultant, companies most often asked me to help them build their strategic direction. My first question was as reflexive as swatting a mosquito on the back of my neck. “Can I get a copy of your competitive analysis?” That was usually followed by a blank stare.Trying to build your financial institution’s strategic direction without a competitive analysis is like walking barefoot through a cow pasture on a moonless night. You have no idea where you’re going, how far you’ve gone, whether you are about to run into something, fall into something, or step into…something.A competitive analysis is NOT determining if your product is priced effectively! It’s a determination of where your competition is best able to compete and how they are actually competing. Believe it or not, your analysis may show your competitor is using a flawed strategy—which helps you build your winning strategy. continue reading »
Authorities in Bekasi, West Java, have discovered a cluster of COVID-19 cases in a factory run by publicly listed consumer goods giant PT Unilever Indonesia in the Cikarang industrial zone, prompting the temporary closure of the plant.The transmission is believed to have begun among staff in the engineering division in Unilever’s tea-based beverages (TBB) plant. Twenty-one workers have been confirmed as being infected with COVID-19 in the facility following tracing and polymerase chain reaction (PCR) testing, Bekasi COVID-19 task force spokesman Alamsyah said on Thursday as reported by kontan.co.id.The management decided to close the TBB plant on June 26 until further notice, Unilever’s corporate affairs director and company secretary Sancoyo Antarikso said. Read also: Sampoerna factory closes after two COVID-19 deaths, authorities race to trace contacts“We will continue to make sure that all safety and occupational health standards in our factory meet the requirements before we resume normal operation,” he told kontan.co.id.Sancoyo added that a total of 265 employees worked in the TBB plant and all had undergone PCR tests.The employees have been asked to stay at home until the factory reopens, he said. (vny)Topics :
The manager said the multi-asset fund would invest on a “risk-aware” basis similar to risk-parity strategies seen in the defined benefit (DB) sector.Its core portfolio would be 40% growth, 40% defensive and 20% inflation-protection assets, with further discretionary allocations based on medium-term investment views.The remaining strategy is based on downside risk-management, with a 6% cap on volatility, helping to keep potential losses below 8%.The volatility management strategy is akin to that seen in the insurance sector allowing insurers to hold riskier assets on their balance sheets, Schroders said.In practice, if volatility within the multi-asset fund rises above 6%, it will divest into cash until the level falls below the cap, before fully re-investing into the asset-allocation strategy as volatility subsides to normal levels.Schroders said the fund would also reduce the cap if the fund experienced continued losses, down to a volatility level of 1%, leaving some non-cash assets to avoid cash lock.The cap, and cap-reduction strategy, will allow the manager to protect losses up to a maximum of 8%, but, given the 1% minimum volatility, it cannot guarantee this, Schroders said.Back-testing over some 15 years by the manager found the largest loss figure to be 6.46% using the volatility-cap management strategy, compared with 11.84% if the core portfolio was invested without.John McLaughlin, head of investment solutions at Schroders, said the volatility strategy had never been used for the humble DC investor.He also said no downside management would be free, and that the strategy would sometimes hamper returns.“When it works well is a scenario like we 2008, where the market became intrinsically stressed and volatility spiked before we had the most severe falls,” he said. “Conversely in 2009, when the market rallied again, it would have taken us time to get back into the market because volatility was elevated as the market was rising, and this rule would tell us to leave, so it is not perfectly responsive.“You can also sometimes get a very calm market that suddenly dislocates downwards, and if this happens, we would follow the market down.“But that initial drop would immediately induce volatility, causing the fund to de-risk. You will lose something but not as much if you sat tight.”The fund’s investment strategy will include highly liquid assets to minimise transaction costs, with only around 50% in synthetics to keep the fund below the upcoming 75 basis point charge cap on DC default fund investments.The strategy was launched in reaction to changes announced in 2014 Budget, which removed compulsory annuitisation, with DC savers expected to exert freedom and move towards cash withdrawals and income drawdown. Schroders is to use a volatility-cap approach in its new defined contribution (DC) strategy launched to provide pre-retirement options for investors after compulsory annuitisation ends this April.According to the UK fund manager, its ‘Flexible Retirement Fund’ is designed to cater for DC members approaching retirement who are unsure whether to pursue income drawdown, cash withdrawal or an annuity.DC asset managers are expected to continue launching products around the shift in policy from the UK government, with old default strategies inapplicable for many savers.Schroders said its new multi-asset fund would target returns of inflation plus 2%, while stating a maximum loss value of 8% over any given timeframe.
KINGSTON:Defending champions Milex Eagles trounced Levy Tax 3-0 to win the 2016 KPMG Squash League, which wrapped up at the Liguanea Club on Friday night.The Eagles served early notice of their intention to repeat, when seasoned contender Shane Slater beat the spirited junior player Luke Roberts 21-20, 21-14, 21-14.That made way for the match of the night between the decorated veteran Wayne Burrowes and All-Jamaica Under-17 boys’ champion Tahjia Lumley.In a nail-biting battle, Burrowes reminded the spectators why he had won the All-Jamaica men’s title a record 13 times.However, young Lumley kept his head, answered the veteran play for play and, eventually prevailed 21-19, 18-21, 21-16, 21-14.Although the title was in the bag, Caribbean Under-19 girls champion Akelia Wiltshire went all out to beat Sebastian Levy 21-18, 17-21, 21-18, 21-18 and complete the sweep for the Eagles.Tarun Handa, managing partner for KPMG in Jamaica, expressed great satisfaction with the 2016 tournament.”As sponsors, we are pleased with the excellent participation, sportsmanship and camaraderie we have seen throughout the tournament,” he said.”I want to commend all of the players, but it was particularly encouraging to see the juniors doing so well and, of course, we congratulate the veterans who are sticking with the game,” Handa added.
Charlton and Sunderland played out one of the most dramatic games ever seen at the old Wembley 18 years ago today.The 1998 Division One play-off final had it all as the Addicks came from behind three times to claim a 4-4 draw after extra-time – with Black Cats supporter Clive Mendonca hitting a hat-trick against his boyhood club.Charlton went on to seal promotion to the Premier League on penalties, with Sasa Ilic saving from the unfortunate Michael Gray to seal a 7-6 spot-kick success for Alan Curbishley’s never-say-die side.Let’s hope there’s similar drama in this weekend’s Football League play-off finals…