The acquisition of Invisee, which is a mutual fund selling agent (APERD) licensed by the Financial Services Authority (OJK), would allow FUNDtastic to sell mutual fund products directly. The investment platform is registered as a financial planning consultancy and not an investment agent, so it is not permitted to broker financial products.“We were working as two different companies that were both trying to make a profit. By merging our companies, we can improve profitability for our customers and [consolidate] our corporate structure,” said Franky.FUNDtastic had Rp 92 billion (US$6.28 million) in assets under management (AUM) as of June and aims to grow its value to Rp 500 billion by the end of next year. The company acquired around 30 percent its AUM through Invisee’s financial products.Invisee president director Eri Primaria said that the portal’s 100,000 users would have the option to automatically transfer their accounts to FUNDtastic’s new mutual funds branch, FUNDtastic+, or closing them. Online investment platform FUNDtastic has acquired mutual funds and securities portal Invisee for US$6.5 million to allow the fintech company to expand its products.FUNDtastic cofounder Franky Chandra told a virtual press conference on Monday that the company had been in talks with Invisee since December last year and had only decided to acquire the portal this month.“We acquired 100 percent ownership of [Invisee] for $6.5 million. To be honest, we’ve been having discussions regarding the acquisition plan for quite a while before finally decided to seal the deal,” he said. “We have arranged the system for transferring accounts and we have consulted on the issue with the OJK,” Eri said, and that he expected the account transfers to be completed by the end of August.Following FUNDtastic’s acquisition of Invisee, Franky said the company was planning to expand to insurance products.“Our investment products will go live by September, as we are currently in talks with several insurance providers. We won’t be focusing on microinsurance products, but rather [align] our products [going forward] with market demand,” he said.The number of retail investors in Indonesia has continued to increase over the last few months due to growing awareness about the importance of investing, despite the consensus that market volatility will continue due to the COVID-19 health crisis.Indonesia Stock Exchange (IDX) development director Hasan Fawzi said earlier that retail investors were now dominating stock trading in Indonesia at 52 percent of the trading value in June.“We can see that in June 2020, total trade of retail investors is up 86 percent,” Hasan said on June 17 in his keynote presentation at the Post’s Jakpost Up Close financial planning webinar, “Investing in stocks: Best strategies in volatile times”.Young people were also becoming more prominent in the stock market, with the number of individual investors aged 18 to 25 increasing 338.61 percent from 2016 to May 2020, according to the Indonesian Central Securities Depository (KSEI). Meanwhile, KSEI data showed that number of investors aged 26 to 30 grew 204.97 percent in the same period.Topics :
ASEAN economic ministers are committed to strengthening regional supply chains and improve trade digitalization to spur trade and investments, as well as cushion the impact of the ongoing health crisis, according to Indonesian Trade Minister Agus Suparmanto.The commitment came after the 52nd ASEAN Economic Minister (AEM) meeting on Tuesday, in which ministers gathered virtually to discuss the impact of COVID-19 in the region’s economy, among other issues.“Indonesia supports the ASEAN’s joint effort to face COVID-19, particularly the economic pillar through the strengthening of supply chains and utilization of digital technology in trade,” Indonesian Trade Minister Agus Suparmanto said in a statement on Wednesday. The country’s top export to the region was coal, trailed by palm oil, petroleum gas, crude oil and rubber.To minimize technical hindrance in trade, the ministers also committed to signing an agreement on the mutual recognition of automotive product-type approval for products produced within ASEAN.“This is based on the immense benefits for the auto exporters in ASEAN, especially in Indonesia. This agreement will remove the need to repeat the procedures of the test for auto product types in export destination countries in ASEAN,” Agus said.He also proposed adding a tracking feature to the ASEAN Single Window, a feature that is already adapted by Indonesian National Single Windows (INSW) for the ease of exchanging trade-related documents. The ministers have also finalized an ASEAN Digital Integration Index, which maps the readiness for an integrated digital economy among ASEAN members.Meanwhile, the region’s top officials finalized the terms of reference for the establishment of the Network of Innovation Centers in ASEAN, which would connect innovation centers across the region to bolster the ecosystem for start-up development in the region.Indonesia has recorded a 5.32 percent year-on-year economic contraction in the second quarter, the worst since 1998 financial crisis, as the components of economic activity fell significantly.Meanwhile, movement restrictions implemented in various countries have also hit international trade, with the World Trade Organizations (WTO) projecting global trade volumes to contract by between 13 percent and 32 percent at worst this year. Indonesia, however, has managed to book a strong trade surplus as imports fell deeper than exports. The country recorded a trade surplus of US$8.75 billion as of July compared to a $2.15 billion deficit logged in the same period last year.Read also: Indonesia logs biggest trade surplus in nine years, higher exports for three consecutive monthsTo revive the region’s trade, Agus and his regional peers also approved the implementation of a protocol to simplify certification bureaucracy in the region, called the ASEAN Wide Self Certification (AWSC), which enables certified exporters to declare the origin for their goods.The implementation will start on Sept. 20.“The utilization of this facility will boost Indonesia’s exports to ASEAN,” Agus said.Indonesia’s merchandise trade with ASEAN fell 1.22 percent to $55.72 billion in 2019 from a year earlier. Exports to the region were up by 6.42 percent to $41.79 billion, while imports were down by 3.87 percent. Topics :
NZ Herald 26 June 2013US officials say a suburban Colorado Springs school district discriminated against a six-year-old transgender girl by preventing her from using the girls’ bathroom, in what advocates described as the first such ruling in the next frontier in civil rights.Coy Mathis’s family raised the issue after school officials at Eagleside Elementary in Fountain said the first-grader could use restrooms in either the teachers’ lounge or in the nurse’s office, but not the girls’ bathroom. Coy’s parents feared she would be stigmatised and bullied.Coy was diagnosed with “gender identity disorder” – a designation the American Psychiatric Association removed last year from its list of mental ailments. The removal reflected the growing medical consensus (yeah right!!!) that identification as another gender cannot be changed.….The Maine Supreme Court is considering the case of a 15-year-old transgendered girl who was forbidden from using her school’s girls’ bathroom.Mat Staver of Liberty Counsel, which focuses on religious and family litigation, said transgender cases are “a mockery of civil rights”. He said his group got involved defending a department store employee who was disciplined for ordering a person who was obviously male to leave the women’s changing room.“How do you know if someone is really thinking this way or not,” Staver said, adding that Coy is too young to decide on such a different identity. “How do you know if someone just wants to go in the restroom and be a peeping Tom?”http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10892900Coy’s parents claim he began to identify as a girl at 18 months. By the time he was 4, his family began dressing in girls’ clothes and referring to him as “she.” During his kindergarten school year, school officials agreed with his parents’ request to treat him as a girl.http://www.citizenlink.com/2013/06/25/government-agency-transgender-boy-allowed-to-use-girls-restroom/Read “Gender Identity Disorder and Transsexual Issues,” by Richard P. Fitzgibbons.Read “‘Transgenderism’ and the Deconstruction of Gender.”
The world-famous St. Mark’s Square hasbeen closed and schools were shut for a third day. The 187cm peak on Tuesday was thehighest level in over 50 years with more than 80 percent of the city beingflooded. The canal city’s famous waterbuses –the vaporetti – were not running. The government declared a state ofemergency in the world heritage site.(BBC) A woman looks on from a shop at the flooded St. Mark’s Square in Venice, Italy on Nov. 15. REUTERS/FLAVIO LO SCALZO ITALY – A new high tide of 154cm (5ft)has hit the inundated Venice recently, giving residents no respite from acrisis, costing the country millions of euros. “With the salt water everything becomes moredifficult for us,” Mayor Luigi Brugnaro said on Friday.
Rey Sacapano, 36; Rodito Absalon, 30; and Richard Bayeta, 31, were caught around 12 p.m. on June 17, a police report showed. There were all residents of Barangay Yapak, Malay, it added. ILOILO City – Charged with serious physical injury, three men in Barangay Balabag, Malay, Aklan were arrested. The court recommended an P18,000 bail bond each for their temporary liberty./PN The Malay police staged the suspects’ apprehension on the strength of an arrest warrant issued by Judge Cleo Marie Santillan of the Municipal Circuit Trial Court. The three were detained in the lockup cell of the municipal police station.
If Advocaat is one of the most experienced coaches in the Premier League, his opponent this weekend is a relative youngster with 37-year-old Eddie Howe guiding his club through its first-ever season in the top flight. The Sunderland boss said with a smile: “I have followed him. He has done well, but that’s normal when you start. He did really well last season and before – but hopefully not tomorrow. “(Bournemouth) have done a great job from six years ago, almost nothing, and now they play easily in the Premier League. But we have to look to ourselves and try to get that win because that gives you self-confidence as well. “That happened last season at the end, so we need to believe in ourselves, in the quality we have in the squad. Not 11 players, but the quality in the squad must be good enough to do that.” The Black Cats head for the Vitality Stadium on Saturday still awaiting their first Barclays Premier league victory of the season, but buoyed by a significantly better performance in last weekend’s 1-0 home defeat to Tottenham. Head coach Advocaat is confident there is a lot more to come from a team which took the game to Spurs for long periods and was unfortunate to emerge defeated after twice hitting the woodwork. However, the Dutchman, who celebrates his 68th birthday later this month, will be happy with three points from the clash with the Cherries in whatever fashion they are delivered. He said: “I have always said it doesn’t matter how you play, I always go for three points. It doesn’t matter how. “Everybody has to realise that we have had a really, really difficult time because we brought players in late, and you see our line-up, six or seven players were out of contract, so we need more time for them to gel with each other more than normal. “If we had started with this squad in the beginning, then everything would have been much easier than now.” The likes of Fabio Borini and Ola Toivonen are among those who headed for Wearside as the transfer window drew to a close, and the Sweden international in particular has made an impressive impact during his first few weeks in England. They will be joined for the first time by on-loan Spurs defender DeAndre Yedlin, who was ineligible to play against his parent club on Sunday, and fit-again midfielder Adam Johnson. The England international has not played since he dislocated a shoulder during the opening week of the season, and while he has been able to run, Advocaat knows he is short of match fitness. He said: “If we need him, we could bring him in – that’s important, he can change a game. But physical-wise, he is not 100 per cent, not to play for 90 minutes, let’s say that.” Dick Advocaat admits he does not care how Sunderland play at Bournemouth as long as they win. Press Association
USC student Chris Roessner drove to the US Department of Veteran Affairs’ Westwood office Friday morning to apply for an emergency payment for student veterans. The line was so long, he said, he applied for the payment from his iPhone instead, as he needed the money so he could pay his rent.Roessner, a first year graduate student in the USC Student of Cinematic Arts’ Peter Stark Producing Program, was one of nearly 25,000 student veterans nationwide to line up for emergency payments worth $3,000 last week. Roessner and the other veterans — there are about 100 others at USC — rely on the Post-9/11 GI Bill to help fund their education, but Veterans Affairs has fallen behind in processing applications for the funds veterans need to keep up with their payments.Vetting funds · Chris Roessner, a graduate student, served in Iraq and is now waiting for GI Bill benefits to help fund his education. – Vicki Yang | Daily TrojanThe Post-9/11 GI Bill provides fee or tuition coverage for every veteran who served after Sept. 11, 2001, up to the cost of the most expensive public school in the state where the veteran will be studying.USC adopted the program at the last minute after controversy over California’s tuition rates. Originally, California veterans were only entitled to benefits under the Yellow Ribbon Program — a special provision of the bill — as California tuition was listed at 0. Now, however, the Veteran Affairs’ website lists California’s GI Bill tuition benefits as $287 per credit hour and $2,165.25 in fees per semester.Veteran Affairs, however, has been slow in processing applications for GI Bill benefits, and veterans have been forced to wait for their funds, as expenses pile up.To remedy the problem, Veterans Affairs began issuing the emergency checks — handwritten checks that advance some of the GI Bill money to veterans — on Friday.The emergency funds give veterans $3,000 they can use immediately. Those funds will eventually be taken out of the veterans’ GI Bill benefits.“The $3,000 advanced pay is going to be recouped in small increments from [my] future GI Bill payments,” Roessner said.Roessner has been using the Post-9/11 GI Bill to pay for rent expenses, but since his checks for this year have not arrived, he will use the emergency funds for rent.Roessner is not the only USC veteran having trouble with GI Bill benefits.Anthony Tagum, a Marine and a senior majoring in accounting, said he is applying for the $3,000 emergency payment because his funds haven’t been processed yet.“[The GI Bill] is going to help me cover all my books and school supplies and helps me cover housing and any tuition payments,” Tagum said.Roessner, who served in the Army for six years before college, also earned his undergraduate degree at USC, though without any Veterans Affairs’ benefits. Roessner decided he wanted an education during the time he served in Iraq.“I learned how important education was in Iraq when I saw how dangerous Saddam Hussein thought education was,” Roessner said. “I decided that the only thing that was important to me if I was to make it back from Iraq was that I would cultivate my own unique perspective on the world. And that was more precious than anything.”In addition to GI Bill benefits, veterans at USC could benefit from the Yellow Ribbon program. The YRP allows universities to volunteer to give veterans additional funds that Veteran Affairs will match, Robert Morley, USC associate registrar and tuition exchange liaison wrote in an email.USC’s participation in the YRP includes 20 awards for undergraduates at $2,500 each, and awards of $10,000 for 10 students in the School of Social Work and 10 graduates in the Rossier School of Education. Those awards are matched by Veterans Affairs.Morley said the Veterans Affairs requires that veterans are awarded with YRP stipends on a first-come first-served basis.“Whoever provided us with their VA certification for benefits [first], that’s how we determined who would get [the stipend],” he wrote.
Published on March 16, 2015 at 9:57 pm Contact Sam: email@example.com | @SamBlum3 The Carmelo K. Anthony Center film room was silent except for the ESPN commentators on the giant projected screen talking about Syracuse, just seconds after they announced its first-round opponent in the NCAA tournament.No one said a word. All the SU players, coaches and family were intently watching.Then Syracuse center Briana Day broke the silence. “That’s us,” she exclaimed boldly, before the rest of the team acknowledged the accomplishment with a quiet round of applause.“At first I heard it, but it didn’t register to me,” Day said. “Then, I’m like, ‘Ah, that’s us.’ I got really excited. It was a really good feeling.”It’s a feeling that eighth-seeded Syracuse (21-9, 11-5 Atlantic Coast) has gotten used to. Now, as it prepares to face No. 9-seed Nebraska (21-10, 10-8 Big 10) at 7:30 on Friday in Columbia, South Carolina, the questions surrounding SU head coach Quentin Hillsman and his players on Monday were more about excelling in the tournament rather than just reaching it.AdvertisementThis is placeholder textAnd as the Orange filed into a small film room to watch the tournament selection show with media members surrounding them, it was clear that the sentiment around the program is continuing to shift.“We know what it’s like to be in the NCAA tournament,” Hillsman said. ”I think that moving forward, the experience of knowing what to expect, knowing how you’re going to travel, what you’re going to do, it gives us a lot of confidence.”Guard Cornelia Fondren said she spent the whole day anxious in class, wanting to know what seed the Orange would get. She had been checking the projected brackets regularly, and had seen SU’s projection go up and down from a five seed to an eight during the season’s final weeks.Hillsman said he stopped concerning himself with the projections ever since the 2010-11 season in which his 25-10 SU team was projected to be sent to the WNIT.This time around there was no question as to whether Syracuse would make the tournament. It was just a matter of where and when.“The anxiety is just knowing who you’re going to play, just so you can get back into the office and work,” Hillsman said. “… Moving into this game, we just want to be ready, want to be prepared, want to be rested.”The ESPN broadcast showed teams jumping and screaming when their names were called. It showed packed gyms with hundreds of fans waving towels and pom poms. It even showed a team that had printed T-shirts for the occasion.But for Syracuse, the moment was far more subdued. The players each came in at different times leading up to the screening. Hillsman — sporting a leather jacket and jeans — helped entertain his toddler son. Before the event started, junior Brianna Butler was playing a trivia game on her phone with her teammates.There was no reason to jump up and shout for the Syracuse players. They’ve been there before.“It just feels like I’m a freshman all over again,” Butler said, “and this is the NCAA tournament and to get called is something you usually dream of, and for it to be a reality for three years is good.” Comments Facebook Twitter Google+
Follow us on Twitter @dailytrojan The USC men’s water polo team (20-1) will be taking on the Pacific Tigers (15-3) in a critical matchup for both squads, as the Trojans enter the game with the No. 1 ranking while Pacific boasts the third spot in the national poll.Leader · Senior driver Nikola Vavic leads the Trojans with 58 goals this season and broke the program record for career goals earlier this year. – Joseph Chen | Daily TrojanUSC head coach Jovan Vavic’s squad is coming off of an impressive 16-10 victory over No. 6 UC Santa Barbara, another perennial water polo powerhouse. The win over the Gauchos propelled the Trojans back to the top spot in the national rankings. The team had previously held the No. 2 spot for four consecutive weeks following their loss against UCLA in the finals of the SoCal Tournament in early October.Pacific enters this weekend’s matchup coming off of a heartbreaking 12-10 loss to No. 2 UCLA.With a number of MPSF matches coming up, Vavic knows his team will have to bring their A-game if they’re going to remain undefeated in conference play.“We have big conference games coming up,” Vavic said. “Everyone is going to play each other multiple times.”Tigers goalie Alex Malkis has been dominant to this point, averaging 12.7 goals per game. He will have to come up big if Pacific is to snap USC’s 16-game winning streak against the Tigers and put a dent in the Trojans’ 43-7 all-time record against them.The Trojans have yet to lose a road game this season, having won both of their matches in enemy territory (the one loss occurred in a neutral location), and will look to keep a zero in that loss column behind the strong play of senior standout driver Nikola Vavic.Vavic recently took over as USC’s all-time scoring leader and has added to his legacy with his performance this season, leading the team in goals with 58 to this point.Junior driver Kostas Genidounias is often overlooked but has been just as effective for the Trojans. His 56 goals on the year have been key, and his scoring often comes in critical moments of close contests for the Trojans.Behind Genidounias and Vavic, the Trojans have managed to score a number of goals, but their defense has not been quite as dominant. The unit has averaged 5.3 goals allowed per game overall, but 8.5 goals per game in two MPSF matches. If USC is to win a record sixth straight national championship, Vavic said they must improve in that regard.“We need to play better half-pool defense,” Vavic added.If the Trojans can step up said defense, they’ll be in prime position for another national title run. Looking ahead, they have huge rivalry matchups with MPSF powerhouses California, Stanford and UCLA. The matchup with the Bruins will be the final regular season game before the conference championship tournament and, following that, the NCAA Tournament.USC and Pacific will begin play in Stockton, Calif. at noon.