Private equity investment in Southeast Asia declined to US$12 billion last year after reaching a record high of $14 billion in 2017, with COVID-19 posing a risk to investment this year, a global consulting firm says.According to “Southeast Asia Private Equity Report” published by Bain & Company, last year’s private equity investment in Southeast Asia was driven by the internet and technology sector, which represented over 60 percent of all deals, especially in Indonesia.However, the COVID-19 pandemic and the global recession in 2020 will challenge private equity investment this year as investors look for ways to protect their investments and reemerge stronger after the crisis, the report said. “In preparation for this period, general partners are looking at the global financial crisis as an indicator of what to expect moving forward,” said Bain & Company partner Usman Akhtar.“During the global financial crisis, the number of funds raised in Asia Pacific countries flat-lined and were significantly smaller,” Akhtar said. “While investors are likely to remain committed to private equity during this crisis, fundraising will slow.”The report said that before COVID-19, investors regarded Southeast Asia as a challenging environment for private equity with high multiples and a lack of deal opportunities in Thailand and the Philippines.“With the current pandemic, we expect a sustained impact on the PE industry throughout the year with more companies looking for financing given the cash flow situation.”Investment recovery will depend on how long it takes to “reopen the economy” as well as what social-distancing measures are still in force, Bain said.Bain expects deal making to slow in the near term. However, the record amount of dry powder in the market will continue to serve as the driving force for ongoing investment.“Returns for private equity will likely decline sharply in short term, but new deals could have potentially good returns,” the report said. “With public markets volatile and corporates holding onto cash, private equity is well positioned to be the buyer of any asset that comes up for sale.”Topics :
‘£50m for Wan-Bissaka is a lot of money and we feel that Kieran is a far more experienced and rounded full-back at this juncture in his career.‘He’s an asset for us and we do have a value for the player and we rate the player very highly.‘So disrespectful is the wrong word but we’re certainly not going to be pushed over in any negotiations, and we’re in a very strong position with regard to a number of our assets in the team.’ Arsenal have failed with two bids for Celtic full-back Kieran Tierney (Picture: Getty)Celtic manager Neil Lennon has argued that Kieran Tierney should be worth more than Aaron Wan-Bissaka following Arsenal’s failed £25million offer for the full-back.Unai Emery, who reportedly has a measly £45m budget to spend on reinforcements, has prioritised a move for a left-back and has identified Tierney as his first-choice target.The Gunners failed with an opening £15m offer for Tierney last month and their second bid of £25m was also rejected by Celtic, with the Scottish champions driving a hard bargain 22-year-old Scotland international.Manchester United shelled out £50m on Crystal Palace’s Aaron Wan-Bissaka, 21, earlier this summer and Lennon believes Tierney is ‘a far more experienced and rounded full-back’ at this stage of his career.AdvertisementAdvertisementADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘We can’t do anything about what clubs do in England,’ Lennon said. Advertisement Arsenal target Kieran Tierney should cost more than Aaron Wan-Bissaka, says Celtic boss Neil Lennon Advertisement Manchester United spent £50m on Aaron Wan-Bissaka (Picture: Getty)Lennon stressed that Arsenal and Celtic were still some way from reaching an agreement for Tierney with less than a month remaining of the transfer window.‘The club’s valuation of Kieran has not been met and until then we don’t have a discussion to make,’ he said.Asked whether he expects Celtic to receive a third offer for Tierney, Lennon replied: ‘I don’t know what Arsenal’s financial state is.‘I know what ours is and we are quite comfortable with the situation at the moment.‘There has been a second bid, the bid has been rejected and it’s as you were.’ Manchester United spent £50m on Aaron Wan-Bissaka (Picture: Getty)Former Arsenal and Celtic star Charlie Nicholas believes Tierney would be a welcome addition to Unai Emery’s squad.‘I thought Kieran Tierney would want to stay at Celtic,’ Nicholas told Sky Sports.‘He’s a die-hard Celtic fan, they’ve got eight in a row wrapped up, they want to go and do nine, and I thought if Kieran really wanted it, if he does nine then he’ll want to do 10 and get in the history books.‘But the stories I’m hearing here in Glasgow is that he might be keen to move on to the bigger league. That’s really what it’s about, a bigger league‘Will it make him a better player? Probably. There is a question mark about his defensive frailties. But then again, he would be an improvement for Arsenal – there’s no doubt in my mind about that.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesNicholas added: ‘He’s power. He’s got a lot of power. The greatest Celtic full-back I ever came across was Danny McGrain and he’s the closest we’ve ever had to him.‘Danny could play right-back and left-back, but Kieran is just one-footed, his left foot. He’s got real power, real pace going forward.‘And of course in Glasgow, in Scotland, in the SPFL, that’s domination. His final ball could be a bit better, but I think it has improved.’MORE: Atletico Madrid enter the race to sign Tottenham playmaker Christian Eriksen Comment Metro Sport ReporterTuesday 16 Jul 2019 2:35 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link846Shares
I would guess only the old timers that read this blog remember this name. Gary Thompson grew up in Roland, Iowa, a town the size of Oldenburg. This name came to mind when Sally and I drove through Roland on our last trip to visit our daughter’s family. Roland is very close to where Sally’s aunt and uncle lived, so that is why we were in this area.When Thompson played basketball he was known as the “Roland Rocket”. He was a 5’10” guard at Iowa State. He was a senior in 1956-57. Gary was the first player to score 1,000 points for a career, 40 points in one game, and become a first-team All-American. He was the Player of the Year in the Big 7. Today it is the Big 12. That year he beat out Wilt Chamberlain for the honor.Gary later went on to play for the Philips Oil basketball team which was very common in that era. In 2006 he retired after a 34-year career in broadcasting.
Bayern Munich midfielder Thiago Alcantara claims Manchester United never made a serious move to sign him – despite weeks of media speculation linking him with Old Trafford. Press Association Thiago’s father and agent Mazinho said on Wednesday that his son had been “very close” to joining United, but the Spain Under-21 international appeared to contradict that claim in an interview with RAC1 on Thursday. “The truth is that in no moment did United come to us and talk to us. It came from the press, it was always a lie,” he said. Reflecting on his decision to leave Barcelona, he said: “It’s unfair to say I wasn’t patient. The club knew my situation. I waited for them, especially before the European Championships, but they never contacted me. I didn’t feel valued. “I wanted to compete. The club knew that I wanted to leave and they didn’t do much to change that. “Everyone looks out for their interests, I wanted to feel valued and I wanted to compete so I decided to leave the club and join Bayern. “I was waiting and waiting all summer, there was a point when I had to decide. “All a footballer wants is to play football and I wanted to play, they [Barcelona] didn’t do much for me to stay, so here I am.” The 23-year-old moved to European champions Bayern from Barcelona earlier this month, reuniting him with former Barca boss Pep Guardiola – the man who handed him his professional debut in 2009. A lack of first-team appearances last year activated a clause in the player’s contract which meant he could leave Barca for a reduced price, but it seems that was not enough to tempt United.
Britton, 32, has not played so far this season after suffering a knee injury during the summer. However, the Swans announced on their official website that he took part in training on Tuesday and will continue with partial team training for the rest of this week before making a full return during the forthcoming international break. Midfielder Leon Britton is on course to be in the selection mix for Swansea’s Barclays Premier League clash against Manchester City later this month. If everything goes according to plan, Britton could then be available for Swansea’s trip to The Etihad on November 22. Swansea have also said that defenders Jordi Amat and Dwight Tiendalli are back in full training following knee and groin injuries, respectively. Amat has not featured since being hurt during a 4-2 league defeat at Chelsea in September, while Tiendalli’s last appearance came against Capital One Cup opponents Rotherham the previous month. Press Association
Tuesday, the Florida Senate passed a bill that would allow some teachers to be armed in a school classroom.The vote was 22-17, with all but one Republican in favor and all Democrats opposed.The bill seeks changes to a law enacted last year after a gunman killed 17 people in a rampage at Marjory Stoneman Douglas high school in Parkland.The bill was based on recommendations from a commission formed after the Valentines Day shooting.The bill has had bipartisan support with both parties supporting provisions dealing with mental health assessments and reporting violent incidents and potential threats at schools.However, one part of the bill Democrats and Republicans have been at odds over is the “guardian program” which allows teachers to be armed.As of now, only teachers who have a role outside the classroom, such as an athletic coach, are allowed to participate in the program.The proposed expansion of the program would make all teachers eligible to carry a weapon inside a Florida classroom as long as they volunteer, undergo a psychological evaluation, are trained by a sheriff’s office and the school districts approve.Democrats argued that there is a higher chance of a student being accidentally shot than being killed in a mass shooting while Republicans say an armed teacher may be able to stop a shooter before police can arrive at a school.The legislation is still awaiting full approval in the Republican-dominated House, but that’s virtually guaranteed as lawmakers work toward an adjournment scheduled forMay 3.
Berlin: Front-runners Borussia Dortmund twice came from behind to beat Bayern Munich 3-2 at the 11th round in Bundesliga.Bayern grabbed the lead twice on Saturday through Robert Lewandowski but Marco Reus’ brace and Paco Alcacer’s winner secured all three points on home soil to extend the lead atop the standings.Both sides staged a lively opening period with chances at both ends of the pitch. Dortmund reaped the best chances with eight minutes played when Marco Reus failed to overcome Bayern goalkeeper Manuel Neuer.However, it was the visitors who opened the scoring as Serge Gnabry’s pinpoint delivery into the box allowed Robert Lewandowski to head the opener in the 26th minute.The hosts leveled the scores after the restart when Bayern custodian Neuer brought down Reus inside the box to cause a penalty. Reus stepped up and made no mistake to make it 1-1 with 46 minutes into the game.It was a short-lived joy for the hosts though as Bayern responded with the 2-1 lead just moments later — Lewandowski wrapped up his second of the night from very close range in the 53rd minute.Dortmund remained unimpressed and pressed forward but Reus squandered the golden chance from inside the box as Joshua Kimmich blocked Reus’ attempt on the goal line.Bayern thought they had extended the lead but Lewandowski’s third goal was ruled offside. Dortmund continued on the front foot and their efforts got rewarded in the 67th minute when Reus unleashed a volley from inside the box to beat Neuer.Things went from bad to worse for the German record champions, as Dortmund’s substitute Paco Alcacer sealed the deal in the closing period after slotting a through ball past onrushing Neuer.With the victory, Borussia Dortmund stays atop the standings with 27 points and maintain a four-point advantage over second-placed Borussia Monchengladbach, who beat Werder Bremen 3-1 on Saturday. Meanwhile, Bayern Munich remains in the third position with 20 points. IANS Also Read: Sports News
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Nadal’s decision to play in all three events is a major boost for organisers after world No 4 Stan Wawrinka pulled out with a back injury.Wawrinka has been replaced in the draw by big-serving Australian Sam Groth.Stan joins fellow Swiss Roger Federer in withdrawing from the Games. Fellow top ten players Milos Raonic, Tomas Berdych and Dominic Thiem have also opted out of the Olympics.The women’s singles have been stripped of Simona Halep, Victoria Azarenka, who is pregnant, Belinda Bencic and Karolina Pliskova. Maria Sharapova, meanwhile, is serving a two-year doping ban.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Rafael Nadal has decided to risk his left wrist injury to take part in Rio and will play in the singles, doubles and mixed doubles.“After discussing it with my team, I have decided I will play everything that I can. We are here and practice has gone well – more or less,” Nadal said. “It’s not an ideal situation – there are always risks.”The 30-year-old, who missed Wimbledon through injury, is scheduled to play doubles with Marc Lopez and mixed doubles with French Open champion Garbine Muguruza.The 14-time slam winner won gold in Beijing eight years ago but missed London with a knee injury. He is due to carry Spain’s flag in Rio.
The University Park Health Center launched its Nutrition Series 2009 Monday, an effort to set itself apart from other nutritional programs by focusing on specific healthy food choices for students on campus,The series, an attempt to steer students away from just counting calories, will be presented to students as interactive seminars at various locations on campus throughout this semester. Each seminar will be focused on a separate topic, such as the best foods for midterms and finals or food choices for athletes.According to Patrice Barber, a registered dietitian at the health center who will be conducting the seminars, the goal of the series is to show students a simpler way to make decisions about food on campus.“I would love to see students get basic, sound nutrition information and leave with confidence and excitement to put it into action in their lives,” Barber said.Barber, who worked for USC Hospitality for eight years, said her experience there allowed her to learn about students’ interests and accumulate ideas for the program so that it can address their concerns.She added that the specificity of the program sets it apart from other nutritional initiatives aimed at students, because it explains to them exactly how to deal with food choices, rather than general nutritional information about food ideals.“You leave knowing what to eat. What students are after is what to eat right now,” Barber said. “You can pick up a book to read how many calories are in a gram of fat.”The first session, titled “Beyond Pizza: Eating Well at EVK and Parkside,” to be held at the Lyon Center Monday, will include a discussion about what to choose from the array of menu options at the two dining halls. More broadly, it will also attempt to teach students how to handle environments in which they are bombarded with food options.According to Barber, a key aspect of the sessions is to include interactive exercises in which students are shown healthier choices out of samples of common food items and to teach them to contend with their body images.“We are surrounded by very indulgent food, and we’re also surrounded by messages of what our bodies are supposed to look like,” she said. “[At the sessions] we are going to talk about bodyawareness and the role nutrition plays in it.”For some nutritional experts, though, the usefulness of the programs is that it educates students about decisions they will be making all their life, rather than having them change their minds on the spot.Robert Girandola, an associate professor in kinesiology who teaches a course on nutrition and exercise and a freshman seminar on body image, believes the program will be helpful because it targets students at ages where they should learn to make healthy choices.“In terms of maintaining health, the two key factors are exercise, or the lack thereof, and good diet. From 18 to 24, you should be at the best possible health in your life. After that, it is downhill,” he said.Girandola believes students need to learn not to deprive themselves of their favorite foods, but need to make sure they do not live entirely on them.Roger Clemens, an adjunct professor of pharmacology and pharmaceutical sciences and an expert in nutrition and the food industry, said learning to eat healthy would be beneficial for students in the long run, because it helps reduce personal costs, government costs and the general social burden of maintaining society’s health.“It is important for everyone to make wiser choices,” Clemens said. “Improved food selection now will certainly improve health for later in life. Food selection is a lifetime investment.”According to some students, though the aim of the nutritional campaign is positive, it will not necessarily cause people to change their mind.Monet Hendricks, a freshman majoring in theatre, said she thinks the potential impact of the program is limited by the fact that eating habits are generally learned long before college.“It would be beneficial for people who are set on changing their eating habits,” Hendricks said. “But for people who already know their eating habits, it would probably not be as beneficial.”Hendricks added that people sometimes take the easier route even if they knew the food wasn’t healthy.“Just because there is ice cream [at Parkside Restaurant], doesn’t mean you have to have ice cream.”Kimberly Wong, a senior majoring in biomedical engineering, believes that students have to make the personal choice to eat healthy even if they know what foods are good for them.“The program is a good idea even if it does not work for everyone,” Wong said.