Axiata to pursue mergers despite Telenor deal collapse

first_img Axiata books net loss on asset write-offs Axiata Group president and CEO Jamaludin Ibrahim revealed the company would target combining operations with rivals in some markets, Bloomberg reported, almost two weeks after the collapse of a proposed mega-merger with Telenor’s Asia business.In an interview with the news website, Ibrahim identified its operations in Indonesia and Malaysia as units which could be the subject of deals within the next three to five years.He did not identify potential partners, however last week Reuters reported CK Hutchison and Axiata had held informal talks on combining their businesses in Indonesia.Ibrahim noted consolidation in its markets was key for its medium-term prospects.The executive’s comments come less than a fortnight after Telenor and Axiata abandoned talks on combining their Asia businesses, citing complexities associated with the transaction, which was first announced in May.Analysts had questioned whether the proposed tie-up would gain regulatory approval, highlighting Malaysia as a likely key stumbling block.Axiata is currently in the process of refocusing its business and cutting costs, with Ibrahim stating in its latest financial announcement the group was “rationalising non-core assets” and “shifting gear towards profitability and cash”.During his Bloomberg interview, the executive added it had received several offers for tower business Edotco Group, with a decision set to be made by the end of 2019. Subscribe to our daily newsletter Back Previous ArticleChinese operators face US licence oppositionNext ArticleApple begins appeal against huge EU tax bill Chris Donkin Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more AxiataJamaludin Ibrahim Tags Relatedcenter_img Asia SoftBank buys into Axiata digital marketing unit Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 SEP 2019 Axiata Group cautious on earnings HomeAsiaNews Axiata to pursue mergers despite Telenor deal collapselast_img read more

5 ways to fix Belgium, from a Green boy wonder

first_imgOne member of the New Flemish Alliance recalled Belgium’s only previous referendum, in 1950, which led to rioting and deaths. It is “not exactly worth repeating,” said Hendrik Vuye, the party’s parliament leader.2. Language: Let’s try EnglishBelgium claims three official languages: Dutch, French and German. Calvo argues, counterintuitively, that it could use one more.“We have to move away from the rigid approach to a functional approach on public administration,” Calvo said. “Where possible, the government could serve its citizens in Dutch, French and English — we can launch experiments on this.”Language is a particularly sensitive issue in Belgium. The Flemish and French-speaking regional governments insist on exclusive use of their first languages and in some areas, public officials are forbidden by law from using the other language.3. Internal borders: Students must mingleEurope’s flagship exchange program Erasmus connects students across national borders. Belgium would benefit from the same approach to overcome its internal cultural and linguistic divide, Calvo argues. Further still: It should be mandatory.“The idea of an ‘Erasmus.be’ consists of sending high school students to the other part of the country for some weeks, as an obligatory exchange program,” he said. In fact, the country already has such a program for university students, though it is optional. Students from Liège can spend part of their “European” exchange program in Antwerp. Students from Louvain can choose Louvain-la-Neuve.4. Lost in translation: Let’s try subtitlesResistance to learning the other national language is a thorny issue in Belgium. Flemish politicians constantly complain that French-speaking schools don’t offer Dutch as a mandatory subject, whereas Flemish children all study French.Calvo has a simple solution involving Belgium’s public broadcasting, which is also divided along linguistic lines. French-language RTBF and Dutch-language VRT are housed in the same building but, beyond informal exchanges and the odd collaboration on a program or news story, they mostly live separate lives.Employees refer to the corridor that divides the two services as the “language border.”“Subtitles would make it more accessible to watch each other’s media coverage” — Kristof CalvoCalvo’s proposal: “Subtitles would make it more accessible to watch each other’s media coverage. It’s also a practical way of stimulating multilingualism.” In the chapter “Long Live Belgium,” Calvo takes on the political hot potato that has been a vote-loser for the left in recent years: Belgium’s struggle with its Flemish-nationalist movement.Here are five of Calvo’s most eye-catching ideas for overcoming divisions between Dutch and French speakers to make his country whole again.1. Nationalists: Put up or shut upScotland and Catalonia have sought referendums to test their aspirations for independence, but not Belgium’s Flemish-nationalists. Calvo challenges them to have the courage of their convictions.“If [the New Flemish Alliance, part of Michel’s coalition] wants to campaign on this issue, they have to have the conviction to do what Scots and Catalans did. They have to have the courage,” he said in an interview. “The debate on Belgium is in need of some clarity. The silent majority that isn’t nationalist deserves to be heard.”Calvo challenges Flemish nationalists to a referendum on the country’s unity.A referendum on independence for Flanders looks doomed to be a non-starter. Political scientists estimate that only one in 10 Flemish people would support a split from Wallonia and polls suggest people increasingly identify themselves as Belgians more than Flemish. A 28-year-old Green politician with a new book called “F*ck the sideline” challenges Belgium’s center-right government — and the Flemish nationalists who are part of it — with disarmingly simple solutions to the country’s byzantine problems.Kristof Calvo, the Flemish Greens’ boy wonder and leader in the federal parliament, is one of the most vocal critics of Liberal Prime Minister Charles Michel’s government.The book, which he is promoting in conference halls, community centers and television shows across Belgium, is a leftist manifesto for a country that has taken a turn to the right. It has been flatteringly compared to the “Citizen Manifestos” that enabled Liberal leader Guy Verhofstadt to revitalize the Belgian political debate in the 1990s and helped propel him to prime minister from 1999-2008. One public television talk show already gave it a test-drive when Calvo did an appearance. 5. Here’s a thought: national electionsThis idea may not sound radical in other places in the world, but most Belgians (outside Brussels) can vote only for politicians from their own region — Dutch-speaking Flanders or French-speaking Wallonia — to represent them in parliament. This means there is no such thing as a national politician and there is very little crossover in the public debate.“In fact, it’s the one idea that would trigger an automatic change of many of the other issues I discussed in the book,” the young Green said. “For one, you’d have more Flemish politicians on French-speaking talk shows, and more French-speaking politicians on Flemish TV.” Also On POLITICO The Flemish toast to Catalonia By Laurens Cerulus Union strike marks Michel’s first year in office By Laurens Ceruluslast_img read more

NBA: Warriors exec says ‘no final decision’ on ‘San Francisco’ name change

first_imgGolden State Warriors, from left, Andre Iguodala (9), Kevin Durant (35) and Stephen Curry (30) wait after a called foul during the second half of a game against the San Antonio Spurs on Tuesday, Oct. 25, 2016, in Oakland, Calif. Image: APThe Golden State Warriors are relocating to a new arena in San Francisco in 2019, and the team may very well have a new name by then.Just as fitting as their move from the Oracle Arena in Oakland to the neighboring Chase Arena in San Francisco, there’s a growing speculation that the franchise would soon drop ‘Golden State’ from its name, to be replaced with the squad’s new location.ADVERTISEMENT Senators think TWG’s move to axe motorcycle taxi pilot run an act of ‘revenge’ Marcos monument beside Aquino’s stirs Tarlac town Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Senators think TWG’s move to axe motorcycle taxi pilot run an act of ‘revenge’ Derrick Rose mysterious no-show for Knicks’ game The Warriors started under the Philadelphia banner, as the Philadelphia Warriors, before moving to San Francisco in the early ’60s. The franchise then moved to Oakland in 1971 and was renamed the Golden State Warriors. Should a change happen, therefore, it would be not much of a name change, but in fact only a re-assumption of the old name ‘San Francisco Warriors’ which the team carried from 1962 to 1971.Since the term ‘Golden State’ also refers to other cities in the state of California, the nebulousness of the name have confused many beyond the Bay Area.But ever since the team’s recent championship success and surging popularity, even casual fans now know where the franchise is located.“What’s happened with the team over the course of the ensuing years, until today, has made the Warriors if not the preeminent, at least among the three best-known NBA franchises around the world,” the Warrior executive continued.“And everybody who didn’t know where the Golden State Warriors were four years ago, if you’re a fan today, anywhere in the world, you know where the Golden State Warriors are,” he saidADVERTISEMENT ‘Old school work ethic’ pays off for immaculate Federer LATEST STORIES Welts, however, said that as of now, the odds are against any change and the team would most likely keep its name.“But if you were a betting man, I think you would probably want to wager that the name might remain the same,” Welts revealed.Welts also disclosed that the “Golden State Warriors” was coined as an effort to attract fans from all over California, and not just in the Bay Area. Khristian IbarrolaSports Related Videospowered by AdSparcRead Next MOST READcenter_img 15-year-old Gauff stuns Venus anew in first round Palace: Crisis over ABS-CBN franchise unlikely Rodgers again falls short of another Super Bowl stint View comments The team’s president and COO Rick Welts addressed these rumors last week, claiming that the franchise has yet to approve the potential brand change, predicted to become ‘San Francisco Warriors’.“The team’s success has caused us to really rethink whether or not that’s something we should or want to do,” Welts said on the Warriors Insider Podcast, transcribed by CSN Bay Area.  “I guess it’s fair to say there’s been no final decision made.”FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSBreak new groundSPORTSMcGregor blasts Cerrone in 40 seconds in UFC return Super Bowl a tossup at legal sports books “Four years ago, I think the conventional wisdom in our building here in Oakland was that, yes, we should attach a city name to the team, that it would become a more global franchise,” Welts described. “There was a lot of head-scratching four years ago about where the Golden State Warriors even played, in other parts of the world.”What’s in a name Motorcycle taxis ‘illegal’ starting next week — LTFRB board member Don’t miss out on the latest news and information. last_img read more

Harvey Norman Special Offer

first_imgNRL Touch Football’s major partner, Harvey Norman, has a great deal for members through the TFA website and newsletter. The Garmin Vivo Active SmartWatch is now available at the special price of $287 for Touch Football Australia members. Designed to keep your active and work life in balance, the Garmin Vivoactive GPS SmartWatch is ideal for keeping track of your workouts and activities, while providing alerts for incoming calls, texts, emails and more.To purchase your Garmin Vivo Active SmartWatch at this price, please click here and use the code ‘TOUCH16VIVOACTIVE’. Stay tuned to the TFA website and newsletter for more great Connected Health and Fitness deals from Harvey Norman. Related LinksHarvey Norman Offerlast_img read more

10 months agoEx-Barcelona coach Tata Martina to take charge of Mexico

first_imgEx-Barcelona coach Tata Martina to take charge of Mexicoby Carlos Volcano10 months agoSend to a friendShare the loveFormer Barcelona coach Tata Martina is to be named new trainer of Mexico.Martina takes charge of El Tri after leading Atlanta United to MLS Cup glory this season.”We will be announcing decisions and signing the contract probably early next year, possibly in the first days of January,” said Mexican Federation president Yon de Luisa.Martina’s contract will run to the 2022 World Cup in Qatar.This summer, Juan Carlos Osorio led Mexico to the final 16 of the World Cup in Russia. TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

Ian Boyne Compiles Gleaner Columns in New Book

first_img This publication follows his previous book, launched in April this year, Profile of Excellence. The book, featuring over 60 articles, explores an expansive range of topics from religion and philosophy to dancehall. The book is a compilation of Mr. Boyne’s opinion columns, which have been published in The Gleaner newspaper over the past 12 years. Story Highlights Pre-eminent journalist, Ian Boyne, is on an ardent path to cementing his legacy of scholarly work, not only through the newspaper in their original form, but in the pages of his latest publication, ‘Ideas Matter: Journey Into the Mind of a Veteran Journalist’.On Tuesday, November 19, King’s House was a befitting backdrop for the launch of this compilation of Mr. Boyne’s opinion columns, which have been published in The Gleaner newspaper over the past 12 years.The book, featuring over 60 articles, explores an expansive range of topics from religion and philosophy to dancehall, arts and culture. It also tackles issues relating to international affairs and foreign policy, Jamaican politics, and socioeconomic issues, all written with the level of fairness and balance, which is synonymous with Mr. Boyne’s work.This publication follows his previous book, launched in April this year, Profile of Excellence: Strategies for extraordinary achievement from 25 years of interviewing remarkable people, which was written in collaboration with author and motivational speaker, Glenford Smith.Among the distinguished persons in attendance were Governor-General, His Excellency the Most Hon. Sir Patrick Allen: Prime Minister, the Most Hon. Portia Simpson Miller; Minister with Responsibility for Information, Senator the Hon. Sandrea Falconer; Minister of Education, Rev. Hon. Ronald Thwaites; former Governor-General, the Most Hon. Professor Sir Kenneth Hall; and leader of the Opposition, Andrew Holness. Master of Ceremonies for the event was communications consultant, Fae Ellington.The Governor-General, in his congratulatory remarks, referred to the publication as “another gem into the repertoire of great Jamaican books”.“Ideas Matter flows powerfully from the mind of Ian Boyne, spanning an incredible array of themes.  We learn not only about the people, places and problems about which Ian writes, but we also journey through his mind to the place where we form our own opinions about the selected personages or subjects,” Sir Kenneth remarked.Executive Director, National Integrity Action, Professor Trevor Munroe, who delivered the keynote address, describes the book as reflecting “the work of one of the Caribbean’s most outstanding journalists”.He further contends that Mr. Boyne possesses a mind that is “needed more and more in the contemporary realities facing Jamaica, the region and, indeed, the entire human race – that is, a mind capable of extraordinary balance, devoid of one sidedness, impervious to seeing reality as black and white.”“Ian Boyne is a truly dialectical thinker, as the philosophers would say. Or as we in Jamaica would say, a truly non-tribal personality. One able to pick sense out of nonsense and, conversely, to discern nonsense in what appears to the naked eye as incontrovertible truth,” he says.He praises Mr. Boyne for taking “scholarship to the masses”, echoing the sentiments of the University of Cambridge’s, John Rapley, in the book’s foreword, who states that he has “always appreciated his (Mr. Boyne’s) determination to raise the level of public discourse in the country.”“Put bluntly, Jamaica, and I dare say the region, and the world needs journalists who carry intellectual ideas to policy makers but who also carry these ideas to the masses. These are journalists who double as public intellectuals like Ian Boyne, a Wilmot Perkins or a John Maxwell,” Professor Monroe says.Professor Monroe encourages persons to read the book, which as is professed by the Editor, Glenford Smith in the introduction, has the power to change the reader, by “changing your mind; by changing what you think and how you think about it. In other words, this book’s power to change your life is on the ideas it stimulate within your mind”.“Ultimately, Boyne’s invitation to journey into his world and ideas is an encouragement to chart your journey into your own,” he says.As revealed by Mr. Boyne in the Author’s Prologue, he is of the view that scholarship “should not be confined to recondite journals read by a few. My goal is to ‘democratise’ it and make it accessible to the masses.”Describing what he does as positive journalism, Mr. Boyne further shares that he aims to “enlighten and intellectually stimulate,” through his columns.During last night’s launch, Mr. Boyne, who is also Deputy Chief Executive Officer (CEO) of the JIS, told his captive audience, including his colleagues in the media, that he has stood against the tradition of the type of journalism, which serves to “insult…and vilify.”He however, believes that journalists have a responsibility to be fair and balanced, which he says is the legacy he wishes to leave, further pointing out that while he has criticized both political leaders “at least I try to be fair, I try to be civil and I try to be respectful.”“I do not believe that one has to be rude or one has to be insolent in order to be incisive…I commend the Gleaner for giving me the forum to practice a scholarly journalism,” he says.Mr. Boyne says he has always had a love for the “romance of knowledge and I wanted to put in one volume this compendium, because a number of my fine colleagues have died without leaving a testament and I wanted to leave something.”On a night where he was serenaded by singer, Nadine Sutherland, with her rendition of ‘It’s My Day’, as well as by his daughter Kelly Ann, it was certainly Mr. Boyne’s night to make another mark in the annals of Jamaica’s literary history.last_img read more