Hedge fund star managing US$1.3 trillion talks talent
OSLO: At the end of his working day, the chief executive of the world’s biggest wealth fund can often be found on his sofa, eating a pizza and responding to students on LinkedIn. Nicolai Tangen, the 54-year-old hedge-fund star who now manages a US$1.3 trillion (RM5.35 trillion) portfolio for Norges Bank Investment Management, is trying to define what it takes to invest well today. That means employers like Norway’s wealth fund need to cast a wider net when they search for talent. Tangen then turned to his portfolio managers. His contract as CEO had to be adjusted more than once to make sure the wealth fund wasn’t exposed to any conflicts of interest stemming from his past life.
Source:The Star
May 10, 2021 02:29 UTC
Human Writes: The climate crisis is triggering really bad weather
Are those severe hot spells, deluges and storms just “normal”, or part of a worrying trend caused by climate change? In the last three decades, there has been a 35% increase in extreme rainfall in KL. One Cordex study indicated the region’s future climate would change significantly if the world fails to mitigate climate change (and currently we are failing to do that). Also, climate change may cause El Niño events to be twice as frequent. And every year, climate change is also forcing over 20 million people from their homes, Oxfam says.
Source:The Star
May 10, 2021 01:41 UTC
Rocket debris lands in Indian Ocean
BEIJING: Remnants of China’s biggest rocket have landed in the Indian Ocean, with most of its components destroyed upon re-entry into the atmosphere, ending days of speculation over where the debris would hit. The coordinates given by Chinese state media, citing the China Manned Space Engineering Office, put the point of impact in the ocean yesterday, west of the Maldives archipelago. The Long March-5B Y2 rocket, carrying the Tianhe module, the first and core module for the construction of China’s space station, blasted off from the Wenchang Spacecraft Launch Site on the coast of the southern island province of Hainan on April 29. The US Space command confirmed the re-entry of the rocket over the Arabian Peninsula, but said it was unknown if the debris impacted land or water. The Long March was the second deployment of the 5B variant since its maiden flight in May 2020.
Source:The Star
May 10, 2021 00:59 UTC
Mothers Day in a pandemic
Yet the young mother came face to face with a new type of threat as the Covid-19 pandemic reached the shores of Singapore early last year. This is the second Mother’s Day for Anthony – and one she will also spend amid the pandemic. Juggling being a mother and fighting in the war against this pandemic has taught Rafidah to better cherish the time she has with her family. They planned to cook together on Mother’s Day. For her, the hardest part of the pandemic has been not being able to see her children.
Source:The Star
May 10, 2021 00:45 UTC
Bus driver spreading his wings with drones
Compiled by MARTIN CARVALHO, C. ARUNO and R. ARAVINTHANA PASSION for drones led 42-year-old hearse and bus driver Zek Aman Abd Ghani to design and build over 30 types of drones for commercial purposes, Metro Ahad reported. “I stay up all night and spend my own money making drones for aerial photography and for spraying pesticides in plantations. He has received support from his university’s management and he’s happy to share his knowledge on drones with lecturers and students. Zek Aman believes that his drones are of the same quality as those produced abroad. > Sinar Ahad reported that a 32-year-old man in Kemaman has been arrested for forcing a 31-year-old dentist to perform oral sex on him last December.
Source:The Star
May 10, 2021 00:30 UTC
Down the drain for their ‘idol’
A popular Chinese talent competition was suspended after the voting system led to crazed fans wasting yoghurt drinks. A GROUP of 40 to 50 elderly people were sitting around a huge ditch, busy unpacking stacks of yoghurt drinks and pouring the content into the drain. Nearly 300,000 bottles were wasted, all for the QR codes printed inside the yoghurt drink bottles to enable fans of a popular Chinese idol programme to support their favourite contestants. “Many children in the rural areas have never tasted yoghurt drinks, ” wrote another netizen. Youth with You is a variety show that saw some 120 youngsters contesting to become members of a nine-man male idol group.
Source:The Star
May 10, 2021 00:16 UTC
Legend Nicol credits her mother for setting good example
Nicol, in a special tribute to her devoted mother, says their relationship has only grown stronger as she grows older. “My relationship with my mum is closer than ever, ” said the 37-year-old Nicol, who ended her illustrious squash career in February, 2019. “My mum set an example for my sisters and I to be good and caring people to everyone. She taught me to be humble and to appreciate everyone around us.”It’s her selfless nature that Nicol loves the most. Have there been a time when Nicol got upset with her mother or vice versa?
Source:The Star
May 09, 2021 23:15 UTC
Adapting to the new norm
GEORGE TOWN: With no sign of Covid-19 cases going down and sensing another round of movement control order likely to be enforced, Khaliliah Abdul Halim adjusted her Hari Raya Aidilfitri preparations accordingly since two months ago. The 38-year-old teacher said she started shopping for Raya clothes and shoes for her family in March. Expecting another round of MCO to be enforced during Hari Raya, Khaliliah said she also suggested to her siblings that their 71-year-old mother spend Ramadan and Hari Raya with one of them. “Luckily for me, I managed to be home with my mother during the first MCO and we celebrated Hari Raya together last year. “Online teaching has been smooth for me as a teacher and my children are adapting well with learning online too, ” she said.
Source:The Star
May 09, 2021 23:15 UTC
‘Do not try to sneak past’
PETALING JAYA: A 65-year-old man was detained for posing as a police officer in a bid to secure an interstate travel permit. ACP Mohamad Fakhrudin said stern action would be taken against those who falsified documents to secure interstate travel permits. City police chief Comm Datuk Azmi Abu Kassin said while there was congestion on the Federal Highway, other locations had been smooth, especially yesterday. He said apart from not having an interstate permit, there were also a handful of road users who only produced the permit without verification of any police station. Sabah Commissioner of Police, Comm Datuk Hazani Ghazali said although the traffic was heavy, it was not unusual.
Source:The Star
May 09, 2021 23:15 UTC
Australia's Star Entertainment makes US$7.44 bln bid for rival Crown
MELBOURNE: Australian casino operator Star Entertainment Group said on Monday it had proposed to buy rival Crown Resorts Ltd in a deal valued at more than A$9.48 billion ($7.44 billion). 2 casino group offered 2.68 of its shares for each Crown share, implying a potential value of over A$14 a share based on its estimate that its share price would be worth more than A$5, said Star, whose shares last closed at A$3.91. Star's approach includes a cash alternative of A$12.50 per share for up to 25% of Crown. The target company's shares closed at A$12.12 on Friday. The announcement came minutes after U.S. private equity firm Blackstone Group raised its takeover offer for Crown to A$12.35 per share.
Source:The Star
May 09, 2021 23:03 UTC
Glorious time as Nicol named among Laureus greats
PETALING JAYA: Datuk Nicol David, an eight-time world champion, continues to make Malaysia proud. The news was announced during the 2021 Laureus World Sports Awards in Seville, Spain on May 6. With their inclusion, the number of Laureus Academy members are now 71. Nicol, who has been a Laureus ambassador since 2014, said: “This is truly an incredible honour to be recognised by Laureus as an Academy member together with all the sporting greats in their field that have impacted the world of sports. She was No.1 in the world for a record-breaking 108 months until September 2015, and won the World Open a record eight times between 2005 and 2014.
Source:The Star
May 09, 2021 23:03 UTC
Athletics: Josephine gets to the root of athletics’ problem
PETALING JAYA: The broader and deeper the base, the better it will be to produce new stars in athletics. She pointed out that the athletics scene during her time and the present was different. I was part of the Panthers Athletics Club at the age of 14, and from there, I went from school, district, state and then national. In the past, school sport was a highlight, but these days, it seems quiet, dead if I may add. Something has to be done.”After becoming a full-time housewife at 33, Josephine joined the Perak Sports Council in 2011.
Source:The Star
May 09, 2021 22:52 UTC
Soccer-Allardyce rues lack of firepower as West Brom go down
Knowing that they had to take the game to Arsenal and avoid defeat to have any chance of staying up, West Brom created plenty of chances but managed to get only one of them on target. "One of our major problems is finding the right opportunities when we get to the final third to create and score more goals," Allardyce told BT Sport. The 66-year-old, who took over at West Brom in December after Slaven Bilic was sacked with the club in 19th place in the standings, dismissed suggestions that he might have needed more time. The creating of chances has been there but the converting has not," he said. Allardyce refused to be drawn on whether he would remain at the club to try to bring them back up from the Championship next season.
Source:The Star
May 09, 2021 21:33 UTC
Geek Speak: When digital transformation is not just about technology
Now one of the useful things that have sprung up because of the Covid-19 pandemic is the implementation of the appointment system to prevent long queues and overcrowded government offices. According to Red Hat, if a government digital transformation project is unsuccessful, it is often because technology was prioritised without devoting equal attention to people and processThere is, in fact, a new Immigration Online Appointment System (STO) but surprisingly, it has not been well publicised. First, one of the officers kindly explained that they needed to book an appointment online, scribbling down the URL in question. As I drove my mother back, I wondered whether the problem was a lack of digital literacy or maybe just common courtesy? If a government digital transformation project is unsuccessful, it is often because technology was prioritised without devoting equal attention to people and process.”It’s as simple as that.
Source:The Edge Markets
May 09, 2021 16:14 UTC
Econ 4.0: Are you well connected?
The global social software and collaboration market is set to hit US$4.5 billion this year, up 17.1% from 2020, according to the latest forecast by Gartner. The need to support remote work during the pandemic and social software integration with other enterprise apps is driving this growth. Gartner predicts that by 2025, nearly 65% of enterprise application software providers would include some form of social software and collaboration functionality in their products and services. Here are five other vital pointers from McKinsey:• For automak2ers and other mobility companies, the future will be clean, connected and electric. Services employ more people since services need a substantial human component, while manufacturing requires a significant capital outlay.
Source:The Edge Markets
May 09, 2021 16:14 UTC