PREMIUMOnline lenders join data center to foil recalcitrant borrowers

first_imgLog in with your social account Google Five major peer-to-peer (P2P) lending platforms have formally joined the Fintech Data Center established by the Indonesian Fintech Lenders Association (AFPI) late last year to protect online creditors from recalcitrant borrowers and bad debt.The association’s technical support head Ronald Andi T. Kasim said that by joining the data center, the five online lending apps could get data on the profiles of potential borrowers, their characteristics and the performances of their loans on other lending platforms.With such data, online lending platforms that have joined the data center can better vet their potential borrowers so they can prevent bad debt and delinquency, he said.Ronald said that the five online lending platforms, which consist of  Finmas, Danamas, Maucash, Julo and Mekar, were chosen as the pioneers to join the data center because they were most prepa… LOG INDon’t have an account? Register here Facebook Topics : Linkedin Forgot Password ? Indonesia fintech P2P-lending Financial-Data-Center AFPI OJK bad-loanslast_img read more

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Asset management roundup: ESG dominates launch and merger activity

first_imgPhilippe Zaouati, CEO of Mirova, said: “We strongly believe that natural capital is the next frontier of impact investment and both specialist skills and a critical size are required to successfully address this nascent but promising market.”Flurry of sustainable fund launchesThis week has seen a number of asset managers launching products with a sustainable or responsible investment tilt.Fidelity International launched a global equity fund targeting companies with the highest ratings for environmental, social, and governance (ESG) factors. The Fidelity FIRST ESG All Country World fund also screens out companies involved in the manufacture or distribution of alcohol, weapons, firearms, tobacco, gambling, and adult entertainment. Steve Edgley, head of institutional for continental Europe at Fidelity, said: “As the regulatory environment continues to evolve and investors look to invest responsibly, many of our clients are looking for innovative and robust approaches to enable them to implement ESG portfolios while continuing to achieve their risk adjusted return objectives. We have designed the Fidelity FIRST ESG approach specifically to allow clients to achieve these two goals.”Meanwhile, Candriam Investors Group launched a range of exchange-traded funds (ETFs) combining ESG screening and smart beta factors. The five ETFs – launched under Candriam’s indexIQ brand – cover European, euro-zone, and Japanese equity indices, and euro-denominated sovereign and corporate bond indices. They are listed on the Paris Euronext Stock Exchange and the Amsterdam exchange, and are registered in Luxembourg, the Netherlands, and France.Specialist emerging markets manager East Capital has launched a Sustainable Emerging Markets fund, coinciding with the company’s 20-year anniversary. The fund is managed by CIO Peter Elam Håkansson and has been seeded with investments from Nordic institutional investors.East Capital said the fund would target “companies characterised by high growth potential and strong ESG profiles, with a clear overweight in themes relating to domestic growth and the emerging consumer”. It will specifically look for opportunities in renewable and clean technologies, and will invest in frontier markets and Chinese A-Shares.River & Mercantile takes on EM teamCredit Suisse Asset Management’s emerging markets team is to transfer to UK fund and fiduciary manager River & Mercantile Group.The Swiss firm’s emerging markets “industrial life cycle team”, led by Al Bryant and Todd Leigh, transferred this week. The team manages $360m (€315.6m) in equity strategies.Filippo Rima, head of equities at Credit Suisse Asset Management, said the move was “an integral part of our focus and specialisation strategy”. James Barham, head of asset management at River & Mercantile, said it was “a significant step forward in the continued development of the group’s equity franchise”, as it will bring in Luxembourg-based strategies and products for US clients.As of this week, the funds have transferred to River & Mercantile initially under an investment advisory agreement. Subject to regulatory approval, the Luxembourg funds will transfer fully to River & Mercantile and be rebranded. Mirova, the responsible investment affiliate of Natixis Global Asset Management, has entered into exclusive negotiations to buy a majority equity interest in London-based impact investment manager Athelia Ecosphere.The targeted acquisition is intended to create a European platform offering investment opportunities addressing major global environmental challenges such as climate change, protection of landscapes, biodiversity, and soil and marine resources.Created in 2012, Athelia is involved in financing sustainable land use, biodiversity, and ecosystem-based climate activities, with an emphasis on “blended value” investments. It has raised and partly deployed a fund aiming to invest in carbon emission reduction projects in the forestry sector that generate carbon credits in Africa, Asia, and Latin America, with commitments secured from “prominent private and public sector institutions”.Mirova has ambitions to become a leading sustainable alternative asset manager and said the acquisition of Athelia would be a major step forward in this regard. Since 2015 it has been working alongside the UN Convention to Combat Desertification to launch a Land Degradation Neutrality fund, a public-private vehicle that intends to invest in profit-generating sustainable land management and restoration projects worldwide.last_img read more

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WWL to Double Footprint in Zeebrugge Port

first_imgNorwegian shipping and logistics company Wallenius Wilhelmsen Logistics (WWL) has signed a concession agreement with Belgium’s Port of Zeebrugge to develop 49 hectares of land known as the Bastenaken West property located in the inner port. With this concession, in place until 2043, the company will nearly double its terminal footprint. WWL plans to invest about USD 20 million during the next two to three years.“The agreement marks the next step in WWL’s long-term commitment to the Port of Zeebrugge, the largest RoRo port in the world, and positions the company for continued growth and expansion all across Northern Europe,” Ray Fitzgerald, President & COO WWL Landbased, commented.“Both WWL and the Port of Zeebrugge have experienced significant growth together over the last two decades, and this expansion paves the way for an exciting future,” Hendrik Sohier, terminal manager, WWL Zeebrugge, said.The Port of Zeebrugge, which handled 2.8 million units of cargo in 2017, serves as an important hub for WWL with a network of deep-sea, short-sea and inland transportation connections.last_img read more

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Student found dead hanging inside Molo apartment

first_imgPolice officers have yet to rule outfoul play in the incident./PN Estiandan was found by his aunt hangingfrom the ceiling of his rented apartment with a blanket tied around his neck at11:10 a.m. on Monday, a police report showed. ILOILO City – He was found dead hanginginside his rented apartment in Compania, Molo district, police said. Estiandan’s family and relatives were convincedthat he had committed suicide, the report added.   The 21-year-old Joseph NicholasEstiandan was believed to have committed suicide. last_img

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Soprano primed to hit right notes

first_imgPaul Deegan believes star mare Midnight Soprano could take her game to another level this season ahead of her return to action in the Cork Racecourse Mallow Noblesse Stakes. The six-year-old won five races, including two Listed prizes, during a superb 2012 campaign and looks to have a fine opportunity to open her Pattern-race account in this mile-and-a-half Group Three. From what he has seen at home, Deegan thinks there are signs Midnight Soprano is in better shape than she has ever been. “It’s a good Group Three but she won’t mind the ground and gets the trip well. She’s fit and she’s well and I’m looking forward to getting her started. She has been an absolute star for us over the past few seasons, a beautiful natured mare and a pleasure to have in the yard,” said the trainer. “She has done better over the past winter than any before, and has really strengthened this time around. Hopefully it brings about another bit of improvement in her. “She won the Saval Beg on really soft ground last year but she seems to go on most types of ground. Her sister (Celtic Soprano) got a bit sharper as she got older and this mare might be the same. A mile and a half is probably her optimum trip. She takes very little work and gets naturally fit. Her last few pieces of work have been very pleasing.” The Kevin Prendergast-trained Majenta takes a significant step up in class, just a week after winning in handicap company at the Curragh. Prendergast said: “She’s run three times and won twice, and we’d like to get her some black type. Her owner Joerg Vasicek is a breeder and he got the record price of 215,000 euro at the Goffs Land Rover Sale for a three-year-old during the week. “She’s come out of the Curragh race very well. It looks a hot contest but she’s getting weight-for-age, and we’ll be hoping to get her into the placings.” A field of 10 has been declared, with Dermot Weld’s Ribblesdale heroine Princess Highway the highest rated filly in the field. There are two challengers from Britain in Ralph Beckett’s Cubanita and Testosterone from Ed Dunlop’s yard. Beckett said: “She’s in good form and I think the trip and ground should be in her favour, which is why we’re travelling over with her. She’s obviously got her work cut out to beat Dermot Weld’s filly, but she’s in great shape and we’ll give it a go.” center_img Press Associationlast_img read more

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Hughes: Assaidi move unlikely

first_img Press Association “It’s common knowledge Ozzie is somebody we would like to bring into the club, but at the moment that deal has gone cold,” Hughes told Stoke City Player. “He is one we have chased for a while now, but there hasn’t been any real movement on that front, so we will just have to wait and see what the situation is with regards to that deal.” Liverpool striker Assaidi spent all of last season on loan with the Potters, scoring five goals in 25 appearances. Despite Hughes’ eagerness to link up with the 25-year-old Moroccan again, the Welshman fears he may have to look elsewhere for the one player he claims he needs to complete his squad ahead of the new season. center_img Stoke manager Mark Hughes has revealed his hopes of landing Oussama Assaidi on a permanent basis have “gone cold”.last_img read more

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Raina replaces ‘unfit’ Rayudu for England ODIs

first_imgNew Delhi, June 16: Seasoned batsman Suresh Raina was on Saturday named as a replacement for Ambati Rayudu in the One-Day International squad against England after the Hyderabadi batsman failed to clear the mandatory fitness test.The 32-year-old Rayudu’s score was on Friday found to be well below the threshold mark of 16.1 after he underwent the yo-yo test along with the rest of the England-bound squad including skipper Virat Kohli, at the National Cricket Academy in Bengaluru in the presence of trainer Shankar Basu and the other support staff.”The All-India Senior Selection Committee has named Suresh Raina as Ambati Rayudu’s replacement in India’s ODI squad for the series against England,” a BCCI statement confirmed.”The announcement came after Rayudu failed to clear his fitness test that was held at NCA, Bengaluru on Friday,” it added.Rayudu, whose last international appearance was in an ODI against Zimbabwe in June 2016, was named in the India squad for the ODIs against England after a successful outing in the recently-concluded Indian Premier League (IPL).The right-hander finished as the leading run-getter (602) for champions Chennai Super Kings and the fourth highest run-scorer overall in IPL 2018.The yo-yo test has become a criterion for fitness standards in Indian cricket determining selection.India’s tour of England begins on July 3 with the limited-overs leg of three T20Is and three ODIs.From August 1 to September 11, India will take on England in a five-match Test series. IANSlast_img read more

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Cricket News Virat Kohli’s ‘short run’ proves costly for India in Vizag ODI tie against West Indies

first_imgRead More | Rishi Kapoor and Ranbir Kapoor have ‘star struck’ moment with De NiroLooking at the result, had Kohli completed the run, the result in Vizag would have been a win to India and a comfortable 2-0 lead in the series. However, the short run will make Kohli unhappy and one would be hoping that such a result is not repeated. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Virat Kohli owned the Vizag ODI by breaking records effortlessly. Not only did the Indian cricket team skipper score his second consecutive century, he became the fastest to 10,000 ODI runs beating the previous mark set by Sachin Tendulkar. Following his century in Guwahati, Kohli continued his phenomenal run-making prowess in Vizag and took the West Indies bowlers to the cleaners.Kohli’s unbeaten 157, his fourth 150+ score, helped India reach 321/6. However, a determined effort from Shai Hope (123*) and Shimron Hetmyer (94) helped West Indies tie the game. In hindsight, the key factor in Kohli’s knock not giving India the win was Kohli’s basic mistake while batting.Read More | Naagin-3: The showstopper on BARC TRP ratingIn the 11th over of the Indian innings bowled by off-spinner Ashley Nurse, Kohli worked a ball towards widish long on and set off for a couple. However, when he completed the run, he realised to his horror that he had committed a mistake. The second run was deemed short and thus it was deducted and the Indian skipper realised his mistake and admonished himself.Replays showed that when he turned to take the second run, the bat did not cross the line at the non-striker’s end. At that time, Kohli would not have known that such a mistake would prove to be costly.last_img read more

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Students tune in to first presidential debate

first_imgKatie Chin | Daily TrojanThe great debate · Viewers gathered at Wallis Annenberg Hall for the first presidential debate Monday evening. Candidates Hillary Clinton and Donald Trump discussed their positions on topics like the economy, immigration and gun control.Hundreds of students crowded into all four floors of Wallis Annenberg Hall to watch the first presidential debate between Democratic candidate Hillary Clinton and Republican candidate Donald Trump on Tuesday evening.The USC Annenberg Center on Communication Leadership & Policy and the USC Jesse M. Unruh Institute of Politics co-hosted the event, which began with a pre-debate panel entitled “Behind the Scenes: Preparing & Spinning Presidential Debates.”The panel featured Judy Muller, an award-winning television journalist, NPR commentator and USC professor of journalism; Antonia Hernández, a Commission on Presidential Debates Board member and president and CEO of California Community Foundation; and Gordon Stables, Annenberg assistant dean of student affairs and USC director of debate and forensics.The panelists began the discussion by explaining why this presidential debate in particular was so highly anticipated.“This is a precious time when the American public has an opportunity to see how these two individuals respond to questions and interact, and for the public to get a sense of the person who will be in the most powerful office in the country,” Hernández said.Muller explained that the debate was the most written-about event that’s taken place so far in the election, and that part of the reason was due to the candidates involved.“[This debate features] the first female candidate against the first reality show candidate. Donald Trump is the draw here,” Muller said.Muller and Hernández also both repeatedly emphasized how Clinton’s gender has impacted her media coverage throughout the campaign season.“Hillary is being judged more harshly. It gets in the way, and I’ve seen it many times for a lot of women. If [a woman] is serious, [she’s] perceived to be angry. If a man looks serious, he’s perceived to be serious,” Hernández said. “For students viewing these debates, I’d challenge you to judge your own biases.”Muller noted that while Trump is typically judged by whether or not he is “presidential enough,” the question surrounding Clinton is whether she is “likeable enough.”At the beginning of the event, Stables mentioned that due to the demographics of the room, it was likely that most of the audience was rooting for Clinton. The screening of the debate itself started with cheers for Clinton and jeers for Trump.Daniel Wahl, a sophomore majoring in business administration, was one of the few students showing support for Trump.“I’ve never watched a presidential debate with an audience before, and clearly most people here support Clinton,” Wahl said. “I thought it was important to show support and clap for Trump. We’ll see how the popular vote goes, [because] it is hard to tell in a crowd that is about 90 percent liberal-leaning.”The panel emphasized that the engagement of the candidates with young people is a key part of this election.“Both candidates need to address the needs, challenges and aspirations of millennials,” Hernández said. “And it is very important for millennials to show up and vote.”USC students had the opportunity to take this step at the event, where tables were set up for voter registration.“I was pleasantly surprised by the event’s large turnout, and hope that it helps to engage millennial voters,” said Elisabeth Hopkins, a senior majoring in biomedical engineering.The USC Annenberg Center on Communication Leadership & Policy and the USC Jesse M. Unruh Institute of Politics will co-host two more debate-viewing events this campaign season, for the vice presidential debate and the next presidential debate on Oct. 4 and Oct. 19, respectively.last_img read more

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IBO World Super-Middleweight Belt Stays With Chris Eubank Jr.

first_imgChris Eubank Jr punched liked never before as he retained the International Boxing Organization (IBO) World Super-Middleweight title with a unanimous decision points win over Arthur Abraham.The Judges at the Wembley Arena scored the bout 118-110, 118-110 and 120-108, all in favor of Christopher Livingstone “Chris” Eubank Jr.An elated Chris speaking to ITV Sports said “I’m happy with the performance.”The win extended his record to 25 and one defeat which came in the hands of fellow Brit, Billy Joe Saunders in 2014.Arthur, a two-time world champion was fighting in the United Kingdom for the first time in his 52-fight career which has now recorded six forgettable defeats.Priority now for the champion is to stay fit and ready for the inaugural eight-man World Boxing Super Series.Relatedlast_img read more

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